Document:

EX-10.1

 Exhibit 10.1 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS EXHIBIT, MARKED 

BY “[***]”, HAS BEEN OMITTED FROM THIS EXHIBIT BECAUSE IT IS BOTH (I) NOT 

MATERIAL AND (II) IS THE TYPE THE COMPANY TREATS AS PRIVATE 

OR CONFIDENTIAL. 
 AGREEMENT AND
PLAN OF MERGER 
 by and among 

IN2BONES GLOBAL, INC., 
 CONMED
CORPORATION, 
 ODYSSEY MERGER SUB, INC. 

and 
 SHERYL MOROSCHAK 

Dated as of May 4, 2022 

 TABLE OF CONTENTS 

 
  

							
	 	 	 	  	Page	 
	ARTICLE I	  

	
	The Merger; Closing; Effective Time	  

			
	 1.1.
	 	The Merger	  	 	1	 
	 1.2.
	 	Closing	  	 	2	 
	 1.3.
	 	Effective Time	  	 	2	 
	
	ARTICLE II	  

	
	Certificate of Incorporation and Bylaws	  

	of the Surviving Corporation	  

			
	 2.1.
	 	The Certificate of Incorporation	  	 	2	 
	 2.2.
	 	The Bylaws	  	 	2	 
	
	ARTICLE III	  

	
	Directors and Officers of the Surviving Corporation	  

			
	 3.1.
	 	Directors	  	 	3	 
	 3.2.
	 	Officers	  	 	3	 
	
	ARTICLE IV	  

	
	Consideration; Effect on Capital Stock	  

			
	 4.1.
	 	Closing Consideration	  	 	3	 
	 4.2.
	 	Earn-Out Consideration	  	 	9	 
	 4.3.
	 	Effect of the Merger on Capital Stock	  	 	13	 
	 4.4.
	 	Payment for and Exchange of Company Equity Securities	  	 	14	 
	
	ARTICLE V	  

	
	Representations and Warranties	  

			
	 5.1.
	 	Representations and Warranties of the Company	  	 	17	 
	 5.2.
	 	Representations and Warranties of Parent and Merger Sub	  	 	43	 

  
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	ARTICLE VI	  

	
	Covenants	  

			
	 6.1.
	 	Interim Operations	  	 	45	 
	 6.2.
	 	No Solicitation or Negotiation of Alternative Proposals	  	 	49	 
	 6.3.
	 	Requisite Stockholder Approval	  	 	50	 
	 6.4.
	 	Certificate of Incorporation Amendment	  	 	51	 
	 6.5.
	 	Additional Stockholder Consents	  	 	51	 
	 6.6.
	 	Information Statement; Stockholders Meeting	  	 	51	 
	 6.7.
	 	Filings; Other Actions; Notification	  	 	52	 
	 6.8.
	 	Access and Reports	  	 	53	 
	 6.9.
	 	Publicity	  	 	54	 
	 6.10.
	 	Employee Benefits	  	 	54	 
	 6.11.
	 	Insurance	  	 	56	 
	 6.12.
	 	Takeover Statutes	  	 	56	 
	 6.13.
	 	Litigation	  	 	57	 
	 6.14.
	 	Financing Matters	  	 	57	 
	 6.15.
	 	Tax Matters	  	 	58	 
	 6.16.
	 	Third-Party Consents	  	 	61	 
	 6.17.
	 	RWI Policy	  	 	61	 
	 6.18.
	 	Confidentiality	  	 	61	 
	 6.19.
	 	Notification	  	 	61	 
	
	ARTICLE VII	  

	
	Conditions	  

			
	 7.1.
	 	Conditions to Each Party’s Obligation to Effect the Merger	  	 	62	 
	 7.2.
	 	Conditions to Obligations of Parent and Merger Sub	  	 	62	 
	 7.3.
	 	Conditions to Obligation of the Company	  	 	64	 
	
	ARTICLE VIII	  

	
	Termination	  

			
	 8.1.
	 	Termination by Mutual Consent	  	 	64	 
	 8.2.
	 	Termination by Either Parent or the Company	  	 	64	 
	 8.3.
	 	Termination by the Company	  	 	65	 
	 8.4.
	 	Termination by Parent	  	 	65	 
	 8.5.
	 	Effect of Termination	  	 	65	 

  
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	ARTICLE IX	  

	
	Survival and Indemnification	  

			
	 9.1.
	 	Survival	  	 	66	 
	 9.2.
	 	Indemnification	  	 	67	 
	
	ARTICLE X	  

	
	Miscellaneous and General	  

			
	 10.1.
	 	Holder Representative	  	 	73	 
	 10.2.
	 	Actions of the Holder Representative	  	 	76	 
	 10.3.
	 	Modification or Amendment	  	 	76	 
	 10.4.
	 	Waiver of Conditions	  	 	76	 
	 10.5.
	 	Counterparts	  	 	77	 
	 10.6.
	 	GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE	  	 	77	 
	 10.7.
	 	Notices	  	 	78	 
	 10.8.
	 	Entire Agreement	  	 	79	 
	 10.9.
	 	No Other Representations or Warranties	  	 	80	 
	 10.10.
	 	Expenses	  	 	80	 
	 10.11.
	 	Assignment	  	 	80	 
	 10.12.
	 	No Third Party Beneficiaries	  	 	80	 
	 10.13.
	 	Obligations of Parent and of the Company	  	 	80	 
	 10.14.
	 	Definitions	  	 	80	 
	 10.15.
	 	Severability	  	 	81	 
	 10.16.
	 	Interpretation; Construction	  	 	81	 
			
	 Annexes
	 		  			
			
	 Annex A
	 	Defined Terms	  	 	A-1	 
			
	 Exhibits
	 		  			
			
	 Exhibit 1
	 	Sample Working Capital Calculation	  	 	E1-1	 
	 Exhibit 2
	 	Accounting Principles	  	 	E2-1	 
	 Exhibit 3
	 	Form of Stockholder Written Consent	  	 	E3-1	 
	 Exhibit 4
	 	Form of Parent Earn-Out Statement	  	 	E4-1	 
	 Exhibit 5
	 	Form of Option Cancellation Agreement	  	 	E5-1	 
			
	 Schedules
	 		  			
		
	 Schedule 5.1(b)(ii)
	 	Equity Holders	  

	 Schedule 5.1(c)
	 	Payment Schedule	  

	 Schedule 5.1(d)
	 	Agreements with Holders	  

  

			
	Schedule 6.4	  	Certificate of Incorporation Amendment
	Schedule 9.2(a)	  	Indemnification Matters

  

  
 -iv- 

 AGREEMENT AND PLAN OF MERGER 

THIS AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of May 4, 2022, is by and among In2Bones Global,
Inc., a Delaware corporation (the “Company”), CONMED Corporation, a Delaware corporation (“Parent”), Odyssey Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent
(“Merger Sub”), and Sheryl Moroschak, solely in her capacity as representative of the Holders (“Holder Representative”). 

RECITALS 
 WHEREAS, the
respective boards of directors of each of Parent, Merger Sub and the Company have approved this Agreement and the merger of Merger Sub with and into the Company (the “Merger”) on the terms and subject to the conditions set
forth in this Agreement; 
 WHEREAS, promptly following the execution and delivery of this Agreement, and as an inducement to Parent’s
and Merger Sub’s willingness to enter into this Agreement, the Company has agreed to use its best efforts to obtain a written consent from certain stockholders of the Company pursuant to which such stockholders will approve and adopt this
Agreement in accordance with Section 228 and Section 251(c) of the General Corporation Law of the State of Delaware (the “DGCL”) as more particularly set forth herein; 

WHEREAS, concurrently with the execution of this Agreement, as an inducement to Parent’s and Merger Sub’s willingness to enter into
this Agreement, Parent, Merger Sub and/or the Company, as applicable, are entering into with those individuals listed on Section A of the Company Disclosure Letter (each of such individuals, a “Key Employee”) (a) new
employment agreements or retention arrangements and/or offer letters and/or (b) covenants not to compete (each of the foregoing, a “New Employment Agreement”), that will, in each case, become effective at the Effective
Time; and 
 WHEREAS, the Company, Parent, Merger Sub and the Holder Representative desire to make certain representations, warranties,
covenants and agreements in connection with this Agreement. 
 NOW, THEREFORE, in consideration of the premises, and of the representations,
warranties, covenants and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 The Merger;
Closing; Effective Time 
 1.1. The Merger. On the terms and subject to the conditions set forth in this Agreement, at the
Effective Time, Merger Sub shall be merged with and into the Company and the separate corporate existence of Merger Sub shall thereupon cease. The Company shall be the surviving corporation in the Merger (sometimes hereinafter referred to as the
“Surviving Corporation”), and the separate corporate existence of the Company, with all its rights, privileges, immunities, powers and franchises, shall continue unaffected by the Merger, except as set forth in Article
II. The Merger shall have the effects specified in the DGCL. 

  
 1 

 1.2. Closing. Unless otherwise mutually agreed in writing between the Company and
Parent, the closing of the Merger (the “Closing”) shall take place by conference call and electronic exchange of signatures, documents and other deliverables required to be executed and/or delivered at the Closing on the
third (3rd) business day (the “Closing Date”) following the day on which the last to be satisfied or waived of the conditions set forth in Article VII shall be satisfied or waived in writing in accordance with this
Agreement (other than those conditions that by their nature are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions); provided, that if all of the conditions set forth in Article VII (other than those
conditions that by their nature are to be satisfied at the Closing) have not been satisfied or waived by June 21, 2022, the Closing shall not occur prior to July 1, 2022. For purposes of this Agreement, the term “business
day” means any day other than a Saturday, a Sunday or other day on which bank institutions in New York, New York are authorized or required by Law to be closed. 

1.3. Effective Time. As soon as practicable following, and on the date of, the Closing, the Company and Parent shall cause a Certificate
of Merger (the “Delaware Certificate of Merger”) to be executed, acknowledged and filed with the Secretary of State of the State of Delaware as provided in Section 251 of the DGCL. The Merger shall become effective at
the time when the Delaware Certificate of Merger has been duly filed with the Secretary of State of the State of Delaware or at such later time as may be agreed by the parties in writing and specified in the Delaware Certificate of Merger (the time
the Merger becomes effective, the “Effective Time”). 
 ARTICLE II 

Certificate of Incorporation and Bylaws 

of the Surviving Corporation 

2.1. The Certificate of Incorporation. At the Effective Time, the certificate of incorporation of the Surviving Corporation (the
“Charter”) shall, by virtue of the Merger, be amended and restated to be identical to the certificate of incorporation of Merger Sub in effect immediately prior to the Effective Time, until thereafter amended as provided
therein or by applicable Law, except that the name of the Surviving Corporation shall be “In2Bones Global, Inc.”. 
 2.2. The
Bylaws. The bylaws of Merger Sub in effect immediately prior to the Effective Time shall be the bylaws of the Surviving Corporation (the “Bylaws”), until thereafter amended as provided therein or by applicable Law. 

  
 -2- 

 ARTICLE III 

Directors and Officers of the Surviving Corporation 

3.1. Directors. The board of directors of Merger Sub immediately prior to the Effective Time shall, from and after the Effective Time,
be the directors of the Surviving Corporation until their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation or removal in accordance with the Charter and the Bylaws. 

3.2. Officers. The officers of Merger Sub immediately prior to the Effective Time shall, from and after the Effective Time, be the
officers of the Surviving Corporation until their successors shall have been duly elected or appointed or until their earlier death, resignation or removal in accordance with the Charter and the Bylaws. 

ARTICLE IV 
 Consideration;
Effect on Capital Stock 
 4.1. Closing Consideration. 

(a) Closing Consideration. The aggregate consideration for the Merger (the “Closing
Consideration”) to be paid by Parent at the Closing shall be an amount in cash, calculated pursuant to Section 4.1(b), equal to (i) $145,000,000, plus (ii) the Company Cash, minus
(iii) the Funded Debt, plus (iv) the amount, if any, by which Closing Net Working Capital exceeds the Net Working Capital Upper Boundary, minus (v) the amount, if any, by which Closing Net Working Capital is less than
the Net Working Capital Lower Boundary, minus (vi) $2,000,000 (the “Purchase Price Adjustment Holdback”), minus (vii) the Holder Representative Expense Amount. The Closing Consideration shall be distributed
to the holders of the Company’s securities (each such holder of securities, a “Holder”) in the manner specified below and on the Payment Schedule. 

(i) For each outstanding share of the Company’s preferred stock, par value $0.0001 per share (the “Preferred
Shares”), the Holder thereof (each, a “Preferred Holder”) shall be entitled to receive an amount equal to the quotient of (a) $2,999,997 (the “Preferred Stock Liquidation Preference”)
divided by (b) the aggregate number of Preferred Shares issued and outstanding as of immediately prior to the Effective Time (the “Preferred Stock Merger Consideration”). 

(ii) For each outstanding share of the Company’s common stock, par value $0.0001 per share (the “Common Shares”
and, together with the Preferred Shares, the “Shares”), the Holder thereof (each, a “Common Holder”) shall be entitled to receive an amount (the “Per Share Amount”) equal to the
quotient of (a) the Closing Consideration, plus the aggregate exercise price of all Company Options (whether vested or unvested) that are outstanding immediately prior to the Effective Time, minus the Preferred Stock Liquidation
Preference, divided by (b) the aggregate number of Common Shares (including Company Restricted Shares) issued and outstanding as of immediately prior to the Effective Time, plus the aggregate number of shares of common stock
underlying the Company Options (whether vested or unvested) that are outstanding immediately prior to the Effective Time. 

  
 -3- 

 (iii) For the avoidance of doubt, in no event shall Parent or its Affiliates be obligated
to make any payments to any Holders pursuant to this Agreement that, together with the Purchase Price Adjustment Holdback (to the extent it becomes payable), in the aggregate exceed (i) the Closing Consideration as calculated in this
Section 4.1 and (ii) the Earn-Out Consideration (to the extent it becomes payable up to the Earn-Out Cap) on the terms and subject to the
conditions set forth in Section 4.2, other than payments in respect of indemnification of the Holders by Parent under Section 9.2(b). 

(b) Calculation of Closing Consideration. Not less than five (5) business days prior to the Closing Date, the Company
shall prepare, or cause to be prepared, and deliver to Parent a certificate containing a statement (the “Estimated Closing Statement”) representing the Company’s good faith estimate of the
Closing Consideration and each component thereof (the “Estimated Closing Consideration”) as of immediately prior to the Closing. The Estimated Closing Statement and all estimates and calculations contained
therein shall be prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) on a basis consistent with the terms of this Agreement and the Agreed Accounting Principles and shall include supporting
information and data reasonably necessary to support the calculations and estimates contained therein. After delivery of the Estimated Closing Statement, the Company shall make its representatives, including the Holder Representative, reasonably
available to Parent to discuss the Estimated Closing Statement and related supporting documentation. No failure by Parent to dispute the Company’s calculation of the Estimated Closing Consideration prior to the Closing shall be considered
agreement with such amount for purposes of calculating the Closing Consideration or any component thereof. 
 (i) Cash. The Estimated
Closing Statement shall set forth the Company Cash that the Company estimates will be held as of immediately prior to the Closing (the “Estimated Company Cash”). For purposes of the Agreement, “Company
Cash” shall mean the amount of cash and cash equivalents reflected on the financial books and records of the Company and its Subsidiaries, minus the amount necessary to cover all overdrafts and all outstanding checks and wire
transfers that have been mailed, transmitted or otherwise delivered by the Company or any of its Subsidiaries but have not cleared their respective bank or other accounts prior to the Closing, determined without duplication in accordance with GAAP.

 (ii) Funded Debt. The Estimated Closing Statement shall set forth each of the following amounts that the Company estimates will be
outstanding immediately prior to the Closing: 
 (A) the total amount of (1) all Indebtedness of the Company and its
Subsidiaries outstanding immediately prior to the Closing, and (2) all obligations in respect of breakage costs, close out amounts, unwind costs, termination costs, redemption costs and other similar charges of the Company and its Subsidiaries
under derivatives, swap or exchange agreements, hedging transactions or similar instruments resulting from all events occurring prior to or as of the Closing Date, including the Closing (clauses (1)-(2), collectively, the “Debt Repayment
Amount”); 

  
 -4- 

 (B) the total amount of all of the fees and expenses outstanding as of the
Closing or payable after the Closing incurred by or on behalf of the Company or any of its Subsidiaries in connection with the Merger and the other Transactions, including (1) all brokers’ or finders’ fees (if any) incurred by the
Company or any of its Subsidiaries; plus, (2) all fees and expenses of counsel, advisors, consultants, investment bankers (including William Blair & Company (“William Blair”)), accountants or other
professionals incurred by the Company or any of its Subsidiaries; plus (3) any Liabilities with respect to any costs of (a) sale, change in control, transaction, retention, deal completion or similar bonuses (in each case regardless
of whether any such bonuses are paid on or after the Closing Date), (b) quarterly bonuses attributable to any completed performance period and to the pre-Closing portion of the quarter in which the Closing
Date occurs, (c) severance (and other post-termination) obligations to any Person whose employment has been terminated on or prior to the Closing, (d) any earned and unused vacation or accrued
paid-time-off obligations and all other accrued but unpaid payroll liabilities and obligations as of the Closing Date, (e) the Phantom Cash Awards (as defined in Schedule 9.2(a)) (excluding payments under
the Phantom Cash Awards related to participation in the Holder Representative Expense Amount or Earn-Out Consideration) and (f) the employer’s portion of any applicable payroll Taxes attributable to
(i) each of the foregoing clauses (a) through (f) and (ii) the payments in respect of Company Options and Company Restricted Shares as set forth on the Payment Schedule; minus (4) the total amount payable by the Company to
any insurer with respect to the D&O Insurance and Products Liability Insurance obtained by the Company pursuant to Section 6.11 (the sum of clauses (1)-(4), collectively, the “Transaction
Expenses”). 
 For purposes of this Agreement, (u) “Funded Debt” shall mean the sum (without
duplication) of (1) the Debt Repayment Amount and (2) the Transaction Expenses; (v) “Estimated Funded Debt” shall mean the amount of Funded Debt set forth in the Estimated Closing Statement; (w)
“Affiliate” shall mean, with respect to any specified Person, any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person; for purposes of this
definition, control when used with respect to any specified Person shall mean the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, and
“controlling” and “controlled” shall have meanings correlative to the foregoing; (x) “Indebtedness” shall mean any of the following with respect to the Company and its Subsidiaries:
(i) any obligations for borrowed money; (ii) any obligations evidenced by bonds, debentures, notes or other similar instruments; (iii) any obligations as a lessee under leases that are required under GAAP to be treated as capital
leases or to pay the deferred and unpaid purchase price of any business, line of business, property or equipment (including obligations related to earn-out arrangements) other than to the extent such
obligations are taken into account in the calculation of Net Working Capital; (iv) all net cash payment obligations under swaps, options, derivatives and other hedging Contracts that would be payable upon the termination thereof (calculated
assuming termination on the date of determination); (v) any accrued and unpaid interest, premiums, fees, charges, reimbursements and other expenses owed with respect to the foregoing, including, but not limited to, prepayment penalties;
(vi) any guarantee of any of the foregoing types of Indebtedness referred to in clauses (i)-(v) of any Person; (vii) all Indebtedness of any other Person secured by a Lien on any property or asset the Company; and (viii) any Accrued
Taxes; provided, that Indebtedness shall not include undrawn letters of credit, surety bonds and similar instruments, 

  
 -5- 

 
except to the extent such instruments relate to obligations of an entity other than the Company or its Subsidiaries; (y) “Accrued Taxes” shall mean an amount (not less
than zero) equal to the liabilities or obligations of the Company and its Subsidiaries, without duplication of any other amount taken into account as Transaction Expenses or in Net Working Capital, for any Income Taxes with respect to a Pre-Closing Tax Period to the extent first due and payable after and not satisfied prior to the Closing Date, taking into account with respect to each particular type of Tax any previous overpayments, prepayments,
or other deposits of estimated Taxes in respect of that particular Tax, which calculation shall be made (i) consistent with past practices of the Company and its Subsidiaries except as otherwise required by a change in applicable Laws,
(ii) without recalculating any Taxes previously shown as due and payable on a Tax Return filed by the Company or any of its Subsidiaries, except as required by a final “determination” under Section 1313 of the Code (or any
similar provision of state, local or non-U.S. law), (iii) without regard to any non-tax, accounting concepts of deferred Tax liabilities or deferred Tax assets,
(iv) considering transaction-related Tax deductions only to the extent such deductions (x) have the effect of reducing (not below zero) the particular current Tax liability to which such deductions are relevant and (y) are deductible
by a member the Company or any of its Subsidiaries at least at a “more likely than not” level of confidence and taking into account any safe harbors that may apply to success-based fees, and (v) solely by taking into account only
those jurisdictions (I) with respect to which the Company and its Subsidiaries have historically and consistently filed Tax Returns and paid Taxes (i.e., by applying the past principles and practices of the Company and its Subsidiaries for
purposes of determining their Tax liabilities and payment and filing obligations) or (II) in which the Company and its Subsidiaries have first commenced operations on or before the Closing Date; and (z) “Income Tax”
shall mean any Tax that is based on, or computed with respect to, gross or net income, receipts or earnings (including, for the avoidance of doubt, any franchise or margin Tax based on or computed with respect to such bases, including any
withholding Tax with respect thereto, and excluding, for the avoidance of doubt, any sales, use, value-added or similar Tax). 
 (iii)
Working Capital. The Estimated Closing Statement shall set forth each of the following amounts: 
 (A) the
Company’s estimate of the Net Working Capital as of the Closing Date (the “Closing Net Working Capital” and such estimate, the “Estimated Closing Net Working Capital”); and 

(B) the amount, if any, by which Estimated Closing Net Working Capital is less than the Net Working Capital Lower Boundary; or

 (C) the amount, if any, by which Estimated Closing Net Working Capital exceeds the Net Working Capital Upper Boundary.

 For purposes of this Agreement, (x) “Net Working Capital” shall mean (i) the current assets of the Company
and its Subsidiaries (excluding (1) Company Cash, (2) any receivables that are more than one hundred twenty (120) days overdue and (3) all deferred Tax assets) minus (ii) the current liabilities of the Company
and its Subsidiaries (including any dividends or distributions declared by the Company, but excluding (1) Funded Debt and (2) all deferred Tax liabilities), in each case calculated in accordance with GAAP and the line items
in the illustrative net working capital calculation set forth on Exhibit 1; (y) “Net Working Capital Lower Boundary” means $15,275,000; and (z) “Net Working Capital Upper Boundary” means $18,500,000.

  
 -6- 

 (c) Post-Closing Adjustments to Closing Consideration.  

(i) Final Closing Statement. Within ninety (90) days following the Closing Date, Parent shall deliver to the Holder Representative
a statement (the “Closing Statement” and, in its final and binding form as determined below, the “Final Closing Statement”) setting forth the Closing Consideration and each component thereof as of
immediately prior to the Closing, including final determinations as to the amounts of (A) the Company Cash, (B) the Funded Debt and (C) the Closing Net Working Capital. The Final Closing Statement and the components thereof shall be
prepared in accordance with GAAP on a basis consistent with the terms of this Agreement and the Agreed Accounting Principles. The Holder Representative shall cooperate as reasonably requested in connection with the preparation of the Closing
Statement. During the thirty (30)-day period immediately following the Holder Representative’s receipt of the Closing Statement, the Holder Representative shall be permitted to review Parent’s
working papers related to the preparation of the Closing Statement and determination of the Closing Consideration and the components thereof. The Closing Statement shall become final and binding upon the parties upon the earlier of (x) thirty
(30) days following the Holder Representative’s receipt thereof, unless the Holder Representative shall give written notice of its disagreement (a “Notice of Disagreement”) to Parent prior to such date and (y) the
date that Holder Representative notifies Parent of its acceptance thereof. Any Notice of Disagreement shall specify in reasonable detail the nature and dollar amount of any disagreement so asserted. The Closing Statement shall become final and
binding upon the resolution in writing of all disagreements the parties may have with respect thereto (whether by the written agreement of the parties or pursuant to the arbitration provisions set forth below). During the thirty (30) days
following delivery of a Notice of Disagreement, Parent and the Holder Representative shall seek in good faith to resolve in writing any differences which they may have with respect to the matters specified in the Notice of Disagreement. Following
delivery of a Notice of Disagreement, Parent and its agents and Representatives shall be permitted to review the Holder Representative’s and its Representatives’ working papers relating to the Notice of Disagreement. If, at the end of the
thirty (30)-day period referred to above, the matters in dispute have not been fully resolved, then the parties shall submit to Ernst & Young LLP (or such other mutually agreed independent accountants
of nationally recognized standing) (any such accounting firm, the “Accounting Firm”) for review and resolution of all matters (but only such matters) which remain in dispute, and the Accounting Firm shall make a final
determination of the Closing Consideration and the components thereof to the extent such amounts are in dispute, in accordance with the guidelines and procedures set forth in this Agreement. The parties will reasonably cooperate with the Accounting
Firm during the term of its engagement. The Accounting Firm shall be provided reasonable access to the books, records and other relevant information of the Company, Parent and the Holder Representative to the extent necessary to calculate the
Closing Consideration. In resolving any matters in dispute, the Accounting Firm may not assign a value to any item in dispute greater than the greatest value for such item assigned by Parent in the Closing Statement, on the one hand, or the Holder
Representative in the Notice of Disagreement, on the other hand, or less than the smallest value for such item assigned by Parent in the Closing Statement, on the one hand, or the Holder Representative in the Notice of Disagreement, on the other
hand. The Accounting Firm’s determination shall be based solely on presentations by Parent and the Holder Representative 

  
 -7- 

 
which are in accordance with the guidelines and procedures set forth in this Agreement (i.e., not on the basis of an independent review). The Closing Statement and the determination of the
Closing Consideration and the components thereof shall become final and binding on the parties on the date the Accounting Firm delivers its final resolution in writing to the parties (which the Accounting Firm shall be instructed to deliver not more
than forty-five (45) days following submission of such disputed matters). The Accounting Firm shall act as an expert and not as an arbitrator to determine solely the matters in dispute based solely on the submissions and responses of Parent, on
the one hand, and the Holder Representative, on the other hand. The Accounting Firm shall allocate its costs and expenses between Parent and the Holder Representative, on behalf of the Holders, based upon the percentage of the contested amount
submitted to the Accounting Firm that is ultimately awarded to Parent, on the one hand, or the Holder Representative on behalf of the Holders, on the other hand, such that Parent bears a percentage of such costs and expenses equal to the percentage
of the contested amount awarded to the Holders and the Holders bear a percentage of such costs and expenses equal to the percentage of the contested amount awarded to Parent (such amount awarded to Parent to be deducted from the Purchase Price
Adjustment Holdback and retained by Parent in accordance with Section 4.1(c)(ii)). For the purposes of this Agreement, “Agreed Accounting Principles” means the Company’s accounting methods,
policies, practices and procedures, in each case in accordance with GAAP, applied consistently with the classification and estimation methodology used to prepare the Financial Statements. The Agreed Accounting Principles are set forth on Exhibit
2. 
 (ii) Closing Consideration Adjustments. At the Effective Time, Parent shall hold an amount equal to the Purchase Price
Adjustment Holdback, which shall constitute a holdback from the Closing Consideration used to satisfy amounts owed to Parent pursuant to this Section 4.1(c)(ii). Within five (5) business days following the
determination of the Final Closing Statement, 
 (A) in the event that the Closing Consideration (as finally determined
pursuant to Section 4.1(c)(i)) is greater than the Estimated Closing Consideration (the positive number equal to the difference between the Closing Consideration and the Estimated Closing Consideration, the
“Upward Adjustment Amount”), then Parent shall deposit with the Paying Agent for the benefit of the Holders such Upward Adjustment Amount, together with the Purchase Price Adjustment Holdback (after deduction of any
applicable Accounting Firm costs and expenses pursuant to Section 4.1(c)(i)), in immediately available funds; 

(B) in the event that the Estimated Closing Consideration is greater than the Closing Consideration (as finally determined
pursuant to Section 4.1(c)(i)) (the absolute value of the negative number equal to the difference between the Estimated Closing Consideration and the Closing Consideration, the “Downward Adjustment
Amount”), then Parent shall (1) retain an amount in cash equal to the Downward Adjustment Amount and (2) deposit with the Paying Agent for the benefit of the Holders the remainder (if any) of the Purchase Price Adjustment
Holdback after deducting the Downward Adjustment Amount and any applicable Accounting Firm costs and expenses pursuant to Section 4.1(c)(i), in each case in immediately available funds; provided, however, that
if the Downward Adjustment Amount exceeds the Purchase Price Adjustment Holdback, Parent shall be entitled to setoff any such difference against the unpaid portion of the Earn-Out Consideration; or 

  
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 (C) in the event that the Closing Consideration (as finally determined
pursuant to Section 4.1(c)(i)) equals the Estimated Closing Consideration, then Parent shall deposit with the Paying Agent for the benefit of the Holders the Purchase Price Adjustment Holdback (after deduction of any
applicable Accounting Firm costs and expenses pursuant to Section 4.1(c)(i)) in immediately available funds. 
 (d)
Modifications to Payment Schedule. The Company may, in its reasonable discretion, modify, change or amend the Payment Schedule at any time and from time to time prior to the Closing Date to correct any inaccuracy in the Payment Schedule or to
otherwise update the Payment Schedule to reflect changes to the Company’s capital structure permitted in accordance with Section 6.1; provided, that the Company will provide the final Payment Schedule to Parent
no later than 5:00 P.M. (Eastern Time) on the date that is at least two (2) business days prior to the Closing Date. For the avoidance of doubt, no modification, amendment or change made to the Payment Schedule shall alter the aggregate amount
of Closing Consideration payable by Parent. 
 (e) Holder Representative Expense Amount. At the Closing, Parent shall deposit into an
account designated by the Holder Representative (the “Holder Representative Expense Account”) an amount equal to $150,000 (the “Holder Representative Expense Amount”). The Holder Representative Expense
Amount may be used at any time by the Holder Representative to fund any expenses incurred by it in the performance of its duties and obligations hereunder, including those duties and obligations identified in Section 10.1.
The Holder Representative Expense Amount will be held by the Holder Representative for so long as the Holder Representative determines is reasonably necessary for her to fulfill her obligations and duties under this Agreement; provided, that
following the completion of all such obligations and duties and the satisfaction of all expense reimbursements to which the Holder Representative is entitled in connection therewith, the Holder Representative shall distribute any amounts remaining
in the Holder Representative Expense Account to the Paying Agent for further distribution to the Common Holders and Holders of Company Options, Company Restricted Shares or Phantom Cash Awards (collectively, “Company Award Holders”)
in accordance with the Payment Schedule. The Holders will not receive any interest or earnings on the Holder Representative Expense Amount and irrevocably transfer and assign to the Holder Representative any ownership right that they may otherwise
have had in any such interest or earnings. The Holder Representative will hold these funds separate from her personal funds, will not use these funds for any purpose inconsistent with this Agreement and will not voluntarily make these funds
available to her creditors in the event of bankruptcy. For tax purposes, the Holder Representative Expense Amount will be treated as having been received and voluntarily set aside by the Holders at the time of the Closing. 

4.2. Earn-Out Consideration. 

(a) Subject to the occurrence of the Closing and the terms and conditions set forth in this Section 4.2 and
Article IX, Parent shall pay or cause to be paid additional consideration (the “Earn-Out Consideration”) of up to $110,000,000 (the
“Earn-Out Cap”) to the Common Holders and Company Award Holders, pursuant to their respective allocations set forth on the Payment Schedule, to the extent achieved during the sixteen
(16) successive quarters commencing on the first day of the first full quarter following the Closing Date (the “Earn-Out Period”), as follows: 

  
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 (i) If the aggregate Applicable Revenue for any period of four full successive quarters
during the Earn-Out Period (an “Applicable L4Q Period”), is greater than both (i) the prior four quarters’ aggregate Applicable Revenue and (ii) the greatest Applicable
Revenue for any prior four quarter period commencing with the four full successive quarters immediately preceding the commencement of the Earn-Out Period (the greater of clauses (i) and (ii) on any
measurement date, the “Highwater Mark”), then Earn-Out Consideration for such Applicable L4Q Period shall be payable to the Common Holders and Company Award Holders, pursuant to their
respective allocations set forth on the Payment Schedule, in an amount in the aggregate equal to (A) the Applicable Revenue for such Applicable L4Q Period minus the Highwater Mark, multiplied by (B) [***]. 

For purposes of this Agreement, the term “Applicable Revenue” shall mean revenues calculated in accordance with GAAP
as reported by Parent for purposes of its filings with the Securities and Exchange Commission (the “SEC”) for commercial sales of Company Products anywhere in the world, less (a) outbound shipping charges actually paid
or allowed by the selling party (and not reimbursed), (b) amounts actually allowed or credited due to returns or retroactive price decrease (solely to the extent refunded by the selling party after the selling party’s receipt of the gross
revenues from such sale and not deducted prior to the receipt of such gross revenues), and (c) credits or allowances given or made for recall of Company Products (whether voluntary or involuntary); provided, that in the event Parent
replaces any allograft product of the Company, as contemplated in clause (2) below of the definition of Company Products, any revenue recognized by Parent with respect to such replacement allograft product shall be factored into the
determination of Applicable Revenue in a manner no less favorable to Holders than a manner consistent with the revenue recognition approach used by the Company prior to Closing. For the avoidance of doubt, “Applicable Revenue” shall
include amounts paid as commissions to non-employees. By way of clarification, and without amending any of the foregoing, inter-company or inter-affiliate transfers shall not be considered as revenues as
reported by Parent. For purposes of this Agreement, the term “Company Products” shall mean (1) all commercially marketed products of the Company as of the Closing, (2) any allograft product of a preferred supplier
of Parent, that, in Parent’s sole discretion, replaces any allograft product of the Company prior to Closing, in each case on an SKU by SKU basis to the extent any such replacement allograft product is sold (i) through distribution
channels used by the Company prior to the Closing and (ii) to the Company’s pre-Closing customers, and (3) all foot, ankle, hand and wrist products developed, marketed in accordance with
applicable law, and launched commercially by the foot and ankle research and development team of Parent (and its Subsidiaries, taken as a whole) during the Earn-Out Period; provided, however,
that for the avoidance of doubt, Company Products shall not include (A) any products commercially marketed by Parent (“Parent Products”) as of the Closing Date or (B) any current or future Parent Products that are
(x) designed and marketed for sports medicine or (y) powered instruments. For purposes of this Agreement, a “quarter” refers to a three (3) month period beginning on January 1, April 1, July 1,
or October 1, as applicable. 
 (ii) For the avoidance of doubt, under no circumstances will the aggregate of all of the Earn-Out Consideration, if any, exceed the Earn-Out Cap. 

  
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 (b) Within seventy-five (75) days following the end of the initial fourth quarter
during the Earn-Out Period and within seventy-five (75) days following each quarter during the Earn-Out Period thereafter, Parent shall prepare and deliver its good
faith calculation of the aggregate Applicable Revenue and the Highwater Mark, in each case for the Applicable L4Q Period ended as of the end of such quarter (a “Parent Earn-Out
Statement”) to the Holder Representative, together with a statement as to whether any Earn-Out Consideration is payable in connection therewith and if so, the amount thereof. Parent shall deliver
the Parent Earn-Out Statements to the Holder Representative until the earlier of (A) the time when the aggregate Earn-Out Consideration has reached the Earn-Out Cap and (B) the delivery of the Parent Earn-Out Statement with respect to the final Applicable L4Q Period of the Earn-Out
Period. A sample Parent Earn-Out Statement is attached to this Agreement as Exhibit 4. 
 (c)
From and after the delivery of each Parent Earn-Out Statement, the Holder Representative and her Representatives shall be permitted to review Parent’s working papers related to the preparation of the
Parent Earn-Out Statement. The Parent Earn-Out Statement, and the amount of Earn-Out Consideration (if any) set forth therein,
shall become final and binding upon the parties upon the earlier of (x) thirty (30) days following the Holder Representative’s receipt thereof, unless the Holder Representative gives written notice of its disagreement (an “Earn-Out Notice of Disagreement”), identifying in reasonable detail the specific calculations that are in dispute (the “Disputed Calculations”), to Parent prior to
such date and (y) the date that Holder Representative notifies Parent of its acceptance thereof. In the event that the Holder Representative submits an Earn-Out Notice of Disagreement, Parent and the
Holder Representative will negotiate in good faith to resolve any differences in their respective positions with respect to the Disputed Calculations set forth therein. If Parent and Holder Representative are unable to agree on the Disputed
Calculations within forty-five (45) days of Parent’s receipt of an Earn-Out Notice of Disagreement, then either Parent or Holder Representative may submit such Disputed Calculations to the Accounting
Firm for review and resolution of the Disputed Calculations in accordance with the procedures set forth in Section 4.1(c)(i), except to the extent such disagreements rely on an interpretation of any Law or this Agreement.

 (d) Within ten (10) business days of the final determination of the Earn-Out Consideration
(if any) achieved with respect to an Applicable L4Q Period in accordance with Section 4.2(c) above, Parent will deposit with the Paying Agent for further distribution to the Common Holders and Company Award Holders in
accordance with the Payment Schedule an amount equal to the excess, if any, of (i) the applicable Earn-Out Consideration, minus (ii) the aggregate amount of any and all Unpaid Indemnification Claims as of such time that have not
previously been deducted from a prior Earn-Out Consideration payment. 
 (e) The right and power to
enforce this Section 4.2 against Parent shall reside entirely with the Holder Representative (on behalf of the Holders), and none of the Holders shall be entitled to bring, commence, continue or prosecute any claim, legal
action or proceeding under, in relation to, arising out of or in connection with a breach of this Section 4.2 or otherwise claiming that Parent has not complied with this Section 4.2. No Holder is
permitted to assign its interest in the Earn-Out Consideration to any Person without the prior written consent of Parent; provided, however, that a Holder who is a natural person may assign its
interest in the Earn-Out Consideration upon written notice to Parent, the Holder Representative and the Paying Agent for bona fide estate planning purposes, either during his or her lifetime or on death by
will or intestacy; provided, further, that the Holder Representative shall be responsible for updating the Payment Schedule to reflect any valid assignment of a Holder’s interest in the
Earn-Out Consideration. 

  
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 (f) The Company and the Holder Representative, on behalf of the Holders, hereby acknowledges
and agrees that Parent (i) will have full control and sole discretion over the research and development, manufacturing, distribution, and marketing and sales of all Company Products, including, for the avoidance of doubt, all decisions
regarding product design, clinical testing and research, licensing, product safety, regulatory approvals, compliance with Regulatory Laws and any orders or other requirements of the FDA or any other Governmental Entity, product recalls (whether
voluntary or involuntary), and the replacement of any such Company Products with those of a preferred supplier of Parent, (ii) disclaims any obligation or duty to take any action, or fail to take any action, including any obligation to
commercialize or employ any minimum level of efforts with respect to the commercialization of, any Company Products, and (iii) together with its Subsidiaries and Affiliates, currently and may in the future develop, acquire and/or commercialize
products that compete with Company Products, and nothing set forth in this Agreement will restrict Parent or any of its Subsidiaries or Affiliates from such competitive activities. Notwithstanding the foregoing, during the Earn-Out Period, Parent shall, and shall cause the Surviving Corporation to, (i) generate and maintain accurate and complete books, records and financial statements necessary to allow Parent to accurately
prepare the Parent Earn-Out Statements and (ii) not, directly or indirectly, take any actions (or omit to take any actions) with the exclusive or primary purpose of avoiding or reducing the Earn-Out Consideration pursuant to this Section 4.2. 
 (g) After the Closing,
until the earlier of (A) the time when the aggregate Earn-Out Consideration has reached the Earn-Out Cap and (B) the expiration of the Earn-Out Period, Parent will not, and will cause its Affiliates not to, consummate any sale of all or substantially all of the assets of any business unit or Subsidiary of the Parent which conducts the sale of the
Company Products (including by merger, consolidation, recapitalization or other transaction in which any third party acquires, directly or indirectly, fifty percent (50%) or more of the combined voting power of all interests in such Subsidiary) to a
third-party purchaser (the “Sale Transaction”), unless such third-party purchaser (the “Third-Party Acquiror”) agrees in writing (i) to assume all of Parent’s obligations under
Section 4.2(a) upon the consummation of such Sale Transaction and (ii) that if the Third-Party Acquiror transfers the business unit or Subsidiary of the Parent which conducts the sale of the Company Products to another
third-party substantially simultaneously with, or within three (3) months of, the consummation of the Sale Transaction, then any product sold by the Third-Party Acquiror as of the date of the consummation of the Sale Transaction that competes
with any Company Products sold as of such date (on a SKU by SKU basis, and to the extent identified as a competing product immediately prior to the consummation of the Sale Transaction) will constitute a Company Product thereafter for the purposes
of calculating Applicable Revenue. 
 (h) The parties hereto further understand and agree that, for U.S. federal income tax purposes, any Earn-Out Consideration received pursuant to this Agreement shall be treated as installment payments from an installment sale described in Section 453 of the Internal Revenue Code of 1986 (the
“Code”), unless any Holder makes an election pursuant to Section 453(d) of the Code, and a portion of which may be treated as imputed interest under Section 483 of the Code. The parties shall report consistently
with such treatment, as applicable. 

  
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 (i) Each party hereto acknowledges and agrees that the failure of a party to strictly comply
with the procedures set forth in subsections (b), (c) and (d) of this Section 4.2, as applicable, will not constitute a material breach or default under this Agreement, unless and only to the extent the other party is
prejudiced by such failure to comply. 
 4.3. Effect of the Merger on Capital Stock. 

(a) Merger Sub. At the Effective Time, by virtue of the Merger and without any action on the part of Parent or Merger Sub, each share of
common stock, par value $0.01 per share, of Merger Sub issued and outstanding immediately prior to the Effective Time shall be converted into one validly issued, fully paid and non-assessable share of common
stock, par value $0.01 per share, of the Surviving Corporation, and such shares shall constitute the only outstanding shares of capital stock of the Surviving Corporation. From and after the Effective Time, all certificates representing the common
stock of Merger Sub shall be deemed for all purposes to represent the number of shares of common stock of the Surviving Corporation into which they were converted in accordance with the preceding sentence. 

(b) The Company. 

(i) Shares. At the Effective Time, by virtue of the Merger and without any action on the part of Parent, Merger Sub, the Company or its
Holders, each Share shall no longer be outstanding and shall automatically be cancelled and retired and cease to exist, and each holder of a certificate representing any of the Shares (each, a “Certificate”) or a non-certificated Share represented by book entry (a “Book-Entry Share”) shall cease to have any right with respect thereto (except the right to receive the amount of Closing Consideration and
Earn-Out Consideration allocated to each such Share pursuant to the Payment Schedule). 
 (ii)
Company Options. Each Company Option (whether vested or unvested) that is unexpired and unexercised immediately prior to the Effective Time shall, automatically and without any required action on the part of any Holder thereof, be deemed
exercised and cancelled as of the Effective Time and converted into the right for the Holder thereof to receive (A) at the Closing, cash in an amount equal to (1) the excess, if any, of the Per Share Amount minus the per share
exercise price of such Company Option multiplied by (2) the number of Common Shares covered by such Company Option immediately prior to the Effective Time (it being understood that any Company Option with an exercise price greater than
the Per Share Amount will receive no cash at Closing in respect of this clause (A)) and (B) after the Closing, any cash disbursements required to be paid to such Holder pursuant to Sections 4.1(c),
4.1(e), or 4.2 (as allocated to such Holder pursuant to the Payment Schedule) (it being understood that any Company Option with an exercise price greater than the Per Share Amount will receive cash in respect of this clause
(B) solely to the extent such post-Closing per share cash disbursements plus the Per Share Amount exceed the exercise price of such Company Option), in each case, less applicable Taxes. 

(iii) Company Restricted Shares. Any vesting conditions applicable to a Common Share subject to vesting, repurchase or other lapse
restriction granted under the Stock Plan (a “Company Restricted Share”) immediately prior to the Effective Time shall, automatically and without any required action on the part of any holder thereof, accelerate in full and,
except for withholding of applicable Taxes or as otherwise expressly noted herein, each Company Restricted Share shall be treated like each other Common Share pursuant to this Article IV. 

  
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 (iv) Actions. Prior to the Effective Time, the Company shall take all actions
reasonably necessary to effect the transactions anticipated by Sections 4.3(b)(ii) and (iii) under the Stock Plan and any award agreement applicable to any Company Option or Company Restricted Share (whether written or oral,
formal or informal), including delivering all required notices (or obtaining waiver thereof), obtaining all necessary approvals and consents, soliciting, with respect to each Holder of Company Options, the receipt of an option cancellation agreement
in the form attached as Exhibit 5 (an “Option Cancellation Agreement”) and, with respect to each Holder of Company Restricted Shares, a Letter of Transmittal, and delivering evidence reasonably satisfactory to Parent
that all necessary determinations by the Board or applicable committee of the Board to treat the Company Options and Company Restricted Shares in accordance with Sections 4.3(b)(ii) and (iii) have been made. The Company shall take
all actions reasonably necessary to terminate the Stock Plan, such termination to be effective as of immediately prior to the Effective Time. Without limiting the foregoing, the Company shall take all actions reasonably necessary to ensure that the
Company will not at the Effective Time be bound by any options, stock appreciation rights, restricted stock units, warrants or other rights or agreements which would entitle any Person, other than Parent, to own any capital stock of the Surviving
Corporation or to receive any payment in respect thereof other than as provided for in this Agreement. 
 4.4. Payment for and Exchange of
Company Equity Securities. 
 (a) Paying Agent. At or prior to the Closing Date, Parent shall make available, or deposit, or cause
to be made available to a paying agent selected by Parent prior to Closing (the “Paying Agent”) a cash amount in immediately available funds equal to the Estimated Closing Consideration minus the aggregate amount of
the Closing Consideration required to be paid in respect of the Company Options or Company Restricted Shares held by employees of the Surviving Corporation in accordance with the Payment Schedule (such cash, as it may thereafter be adjusted, being
hereinafter referred to as the “Exchange Fund”). 
 (b) Exchange Procedures. 

(i) Letter of Transmittal. Promptly after the Effective Time, the Paying Agent shall deliver to each Holder identified in the Payment
Schedule (A) a letter of transmittal in customary form (the “Letter of Transmittal”) which shall specify that delivery shall be effected and risk of loss and title to the applicable equity security shall pass, only upon
proper delivery of Book-Entry Shares and Certificates, as applicable, to the Paying Agent, and (B) instructions for effecting the surrender of the Book-Entry Shares or Certificates (or affidavits of loss in lieu of the Certificates as provided
in Section 4.4(e)) to the Paying Agent representing Shares in exchange for the Closing Consideration. Proper delivery shall include (x) with respect to Book-Entry Shares, only delivery of an authorization form in
customary form regarding the book-entry transfer of the Book-Entry Shares (or such other evidence, if any, of the transfer as the Paying Agent may reasonably request)
and (y) with respect to Certificates, only delivery of the Certificates (or affidavits of loss in lieu of the Certificates as provided in Section 4.4(e)) to the Paying Agent. 

  
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 (ii) Certificates. Upon surrender of a Certificate (or an affidavit of loss in lieu
of the Certificate as provided in Section 4.4(e)) representing Shares to the Paying Agent, together with a duly-executed Letter of Transmittal and such other documents as may be reasonably required by Parent, the Paying
Agent or the Holder Representative, the holder of such Shares shall be entitled to receive in exchange therefor the portion of the Closing Consideration to which the holder of such Shares is entitled in accordance with the Payment Schedule pursuant
to Section 4.1, and the Certificates so surrendered shall forthwith be cancelled. No interest will be paid or will accrue on any amounts payable upon due surrender of any such Shares. 

(iii) Book-Entry Shares. Each Holder of one or more Book-Entry Shares shall, upon receipt by the Paying Agent of the “agent’s
message” (or such other evidence, if any, as the Paying Agent may reasonably request), be entitled to receive the portion of the Closing Consideration to which the holder of such Shares is entitled in accordance with the Payment Schedule
pursuant to Section 4.1, and the Book-Entry Shares so surrendered shall forthwith be cancelled. No interest will be paid or will accrue on any amounts payable upon due surrender of any such Shares. 

(iv) Equity Awards. At or prior to the Closing Date, Parent shall make available, or deposit, or cause to be made available to the
Surviving Corporation a cash amount in immediately available funds equal to the portion of the Estimated Closing Consideration required to be paid in respect of the Company Options and Company Restricted Shares held by employees of the Surviving
Corporation in accordance with the Payment Schedule, and Parent shall cause the Surviving Corporation to promptly pay such amounts to the holders of Company Options or Company Restricted Shares who are employees of the Surviving Corporation through
the payroll processing system of the Surviving Corporation in accordance with standard payroll practices; provided, that the Surviving Corporation shall not be required to distribute the portion of the Closing Consideration payable to such
Holders prior to, with respect to a Holder of Company Options, the receipt of an Option Cancellation Agreement or, with respect to a Holder of Company Restricted Shares, a Letter of Transmittal. 

(v) Other Equity Securities. Reasonable procedures for delivering, surrendering and cancelling the Company’s other equity
securities (other than Shares, Company Options and Company Restricted Shares), if any, shall be communicated to the holders thereof promptly after the Effective Time, after consultation with the Holder Representative, and compliance with such
procedures shall be a condition of such Holders’ right to receive the applicable portion of the Closing Consideration in accordance with the Payment Schedule pursuant to Section 4.1. 

(c) Transfers. From and after the Effective Time, there shall be no transfers on the stock transfer books of the Company of the Shares
or other equity securities of the Company that were outstanding immediately prior to the Effective Time. If, after the Effective Time, any Certificate or other instrument representing Shares or other equity securities (other than Company Options or
Company Restricted Shares) is presented to the Surviving Corporation, Parent or the Paying Agent for transfer, it shall be (subject to compliance with the exchange procedures of Section 4.4(b)) cancelled and exchanged for
the cash amount in immediately available funds to which the Holder thereof is entitled pursuant to this Article IV. In the event of a transfer of ownership of Shares that is not registered in the transfer records of the Company, a check for
any cash to be exchanged upon due surrender of the Certificate may be issued to such transferee if the Certificate formerly representing such Shares is presented to the Paying Agent, accompanied by all documents reasonably required to evidence and
effect such transfer and to evidence that any applicable stock transfer taxes have been paid or are not applicable. 

  
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 (d) Termination of Exchange Fund. Any portion of the Exchange Fund that remains
unclaimed by the Holders one hundred eighty (180) calendar days after the Effective Time shall be delivered to Parent. Following receipt of such payment by Parent, any Holder who has not theretofore complied with this Article IV shall
thereafter look only to Parent and the Surviving Corporation as unsecured creditors for payment of their claim for Closing Consideration. Notwithstanding the foregoing, none of Parent, the Surviving Corporation, the Holder Representative, the Paying
Agent or any other Person shall be liable to any former holder of Shares in respect of any Closing Consideration properly delivered to a public official pursuant to any applicable abandoned property, escheat or similar Law. For the purposes of this
Agreement, the term “Person” shall mean any individual, corporation (including not-for-profit), general or limited partnership, limited liability
company, joint venture, estate, trust, association, organization, Governmental Entity or other entity of any kind or nature. 
 (e) Lost,
Stolen or Destroyed Instruments. If any Certificate or other instrument representing Shares or other equity securities (other than Company Options or Company Restricted Shares) shall have been lost, stolen or destroyed, upon the making of
an affidavit of that fact by the Person claiming such Certificate or other instrument to be lost, stolen or destroyed and subject to such other reasonable conditions as may be imposed by the Paying Agent (including, if required by the Paying Agent,
the posting by such Person of a bond in such reasonable amount as the Paying Agent may reasonably direct as indemnity against any claim that may be made against it with respect to such Certificate or other instrument), the Paying Agent shall pay in
respect of such lost, stolen or destroyed Certificate or other instrument, without interest, the portion of the Closing Consideration to which the holder of such Shares or other equity securities (other than Company Options or Company Restricted
Shares), as applicable, is entitled in accordance with the Payment Schedule. 
 (f) Appraisal Rights. No Person who has perfected a
demand for appraisal rights pursuant to Section 262 of the DGCL (each such Person, a “Dissenting Stockholder”) shall be entitled to receive the portion of the Closing Consideration to which such Person would
otherwise be entitled pursuant to Section 4.1 with respect to the Shares owned by such Person unless and until such Person shall have effectively withdrawn or lost such Person’s right to appraisal under the DGCL. Each
Dissenting Stockholder shall be entitled to receive only the payment provided by Section 262 of the DGCL with respect to Shares owned by such Dissenting Stockholder. The Company shall give Parent (i) prompt notice of any written
demands for appraisal, attempted withdrawals of such demands, and any other instruments served pursuant to applicable Laws that are received by the Company relating to stockholders’ rights of appraisal and (ii) the opportunity to direct
all negotiations and proceedings with respect to Dissenting Stockholders under the DGCL, provided that the Company (prior to the Closing) and the Holder Representative (following the Closing) shall have the right to participate in such negotiations
and proceedings at their own expense. Except to the extent otherwise permitted pursuant to Section 6.1(a), the Company shall not, except with the prior written consent of Parent, voluntarily make any payment with respect to
any demands for appraisal, offer to settle or settle any such 

  
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demands or approve any withdrawal of any such demands. Parent shall be entitled to retain any portion of Closing Consideration not paid on account of such Shares owned by such Dissenting
Stockholder pending resolution, withdrawal or loss of claims of such holders. If any Person who would otherwise be deemed a Dissenting Stockholder shall have failed properly to perfect or shall have effectively withdrawn or lost the right to dissent
with respect to any Shares, such Shares shall thereupon be treated as though such Shares had been converted into the right to receive a portion of the Closing Consideration in accordance with the Payment Schedule pursuant to
Section 4.1. The aggregate amount, if any, by which any payment provided to Dissenting Stockholders by Section 262 of the DGCL exceeds the portion of the Closing Consideration to which such Dissenting Stockholders
would otherwise be entitled pursuant to Section 4.1 shall be subject to the indemnification obligations set forth in Section 9.2(a). 

(g) Withholding Rights. Each of Parent and the Surviving Corporation shall be entitled to deduct and withhold from any consideration
payable or otherwise deliverable to any Holder pursuant to this Agreement such amounts as it is required to deduct or withhold therefrom with respect to the making of such payment under the Code or any other applicable state, local or foreign Tax
Law; provided, however, that unless such deduction or withholding results from making a compensatory payment or as a result of the Company’s failure to deliver the certificate described in Section 7.2(j),
Parent and the Surviving Corporation shall provide three (3) business days’ notice to the Holder Representative prior to making such deduction or withholding (to the extent reasonably practicable otherwise as soon as reasonably
practicable), and shall, to the extent commercially reasonable, reasonably cooperate with the Holder Representative to mitigate the imposition of any such deduction or withholding. To the extent such amounts are so deducted or withheld by the
Surviving Corporation or Parent, as the case may be, and timely paid over to the applicable Governmental Entity, such amounts shall be treated for all purposes of this Agreement as having been paid to the Holder in respect of which such deduction
and withholding was made by the Surviving Corporation or Parent, as the case may be. 
 ARTICLE V 

Representations and Warranties 

5.1. Representations and Warranties of the Company. Except as set forth in the corresponding sections or subsections of the disclosure
letter delivered to Parent by the Company prior to entering into this Agreement (the “Company Disclosure Letter”), the Company hereby represents and warrants to Parent and Merger Sub as of the date hereof and as of the
Closing Date (except in the case or representations and warranties that are made as of a specified date, in which case such representations and warranties are true and correct as of such specified date) that: 

(a) Organization, Good Standing and Qualification. The Company and each of its Subsidiaries is a legal entity duly organized, validly
existing and in good standing under the Laws of its respective jurisdiction of organization and has all requisite corporate or similar power and authority to own, lease and operate its properties and assets and to carry on its business as presently
conducted. The Company and each of its Subsidiaries is qualified to do business and is in good standing as a foreign corporation or other legal entity in each jurisdiction where the ownership, leasing or operation of its properties or assets or
conduct of its business requires such 

  
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qualification, except, in the case of the Company’s Subsidiaries, where the failure to be so organized, qualified or in such good standing, or to have such power or authority, would not
individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Company has made available to Parent complete and correct copies of the certificate of incorporation, bylaws or comparable governing document, each as
amended to the date hereof, (the “Organizational Documents”) of the Company and its Subsidiaries, and each such Organizational Document as so delivered is in full force and effect. Section 5.1(a) of the Company
Disclosure Letter contains a correct and complete list of each jurisdiction where the Company and its Subsidiaries are organized and qualified to do business. 

As used in this Agreement, the term (i) “Subsidiary” means, with respect to any Person, any other Person of which
at least a majority of the securities or ownership interests having by their terms ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions is directly or indirectly owned or controlled by
such Person and/or by one or more of its Subsidiaries, and (ii) “Material Adverse Effect” means any event, change, effect, development, state of facts, condition, circumstance or occurrence that (x) would reasonably
be expected to prevent, materially delay or materially impair the ability of the Company or Merger Sub to consummate the Transactions on the terms set forth herein or (y) has had or is reasonably expected to have, individually or taken together
with any or all other events, changes, effects, developments, state of facts, conditions, circumstances or occurrences, a material adverse effect on the condition (financial or otherwise), properties, assets, liabilities (contingent or otherwise),
business or results of operations of the Company and its Subsidiaries taken as a whole; provided, however, that none of the following, in and of itself or themselves, shall constitute a Material Adverse Effect: 

(A) changes in the economy or financial markets generally in the United States or other countries in which the Company conducts
material operations; 
 (B) acts of war (whether or not declared), armed hostilities, sabotage (including by cyberattack),
national emergency, or terrorism; 
 (C) changes that are the result of factors generally affecting the medical device
industry in the United States or other countries in which the Company conducts material operations including, without limitation, France; 

(D) changes in GAAP after the date hereof; 

(E) any loss of, or adverse change in, the relationship of the Company with its customers, employees or suppliers that was
proximately caused by the pendency or the announcement of the transactions contemplated by this Agreement; 
 (F) natural
disasters, earthquakes, hurricanes, tsunamis, tornadoes, hail, storms, lightning, droughts, floods, mudslides or other natural or manmade disasters, acts of God, weather-related conditions, global health conditions, explosions or fires, or, in each
case, any worsening thereof; and 

  
 -18- 

 (G) the failure of the Company to meet any estimates, expectations,
projections or budgets for any period; provided that the underlying cause of such failure may be taken into account in determining whether there is, has been or would reasonably be expected to be a Material Adverse Effect. 

provided, further, that, with respect to clauses (A), (C) and (D) such events, changes, effects, developments, state of facts,
conditions, circumstances or occurrences shall be taken into account in determining whether a “Material Adverse Effect” is occurring, has occurred, or would reasonably be expected to occur to the extent it disproportionately adversely
affects the Company and its Subsidiaries as compared to other companies of similar size operating in the medical device industry. 
 (b)
Capital Structure. 
 (i) The authorized capital stock of the Company consists of 29,000,000 Common Shares and 9,900,000 Preferred
Shares. As of the close of business on May 3, 2022, 27,043,571 Common Shares (including 0 shares of restricted stock granted under the 2016 Equity Incentive Plan (as amended, the “Stock Plan”)) and 9,900,000 Preferred
Shares were outstanding. All of the outstanding Shares have been duly authorized and are validly issued, fully paid and non-assessable. Other than 704,318 Shares reserved for issuance pursuant to outstanding
stock options granted under the Stock Plan (each such stock option, a “Company Option”), the Company has no additional Shares reserved for issuance. The Company does not have outstanding any bonds, debentures, notes or other
obligations the holders of which have the right to vote (or which are convertible into or exercisable for securities having the right to vote) with the stockholders of the Company on any matter. The Company has delivered to Parent a true and
complete copy of each form of award agreement pertaining to each Company Option and Company Restricted Share, and has also delivered any other award agreements pertaining to Company Options or Company Restricted Shares to the extent there are
variations from the general forms, specifically identifying the Persons to which such variant forms apply. 
 (ii) Set forth in Schedule
5.1(b)(ii) is a true and correct list of each equity holder of the Company (which, for the avoidance of doubt, includes, but is not limited to, holders of the Shares, the Company Options and the Company Restricted Shares), the number and type of
equity securities held by each such equity holder (and in the case of Company Options and Company Restricted Shares, the original purchase price or exercise price per Share, if applicable, whether such Company Option or Company Restricted Share is
or will become vested and exercisable in connection with the Merger and the other Transactions and the associated vesting schedule, and whether such Company Option is an incentive stock option or nonqualified stock option). 

(iii) Except as set forth in Schedule 5.1(b)(iii) and the Company Options, there are no preemptive or other outstanding rights,
options, warrants, conversion rights, stock appreciation rights, phantom stock rights, restricted stock rights, redemption rights, repurchase rights, agreements, arrangements, calls, commitments or rights of any kind that obligate the Company or any
of its Subsidiaries to issue or sell any shares of capital stock or other securities of the Company or any of its Subsidiaries or any securities or obligations convertible or exchangeable into or exercisable for, or giving any Person a right to
subscribe for or acquire, any securities of the Company or any of its Subsidiaries, and no securities or obligations evidencing such rights are authorized, issued or outstanding. 

  
 -19- 

 (iv) Section 5.1(b)(iv) of the Company Disclosure Letter sets forth (A) each of
the Company’s Subsidiaries and the ownership interest of the Company in each such Subsidiary, as well as the ownership interest of any other Person or Persons in each such Subsidiary and (B) the Company’s or its Subsidiaries’
capital stock, equity interest or other direct or indirect ownership interest in any other Person other than securities in a publicly traded company held for investment by the Company or any of its Subsidiaries and consisting of less than one
percent (1%) of the outstanding capital stock of such company. No current or past holder of any capital stock, equity interest or other direct or indirect ownership interest of the Company or any of its Subsidiaries (x) has (or has ever had) a
“controlling interest” (within the meaning of Section 414 of the Code) in the Company or any of its Subsidiaries or (y) would otherwise be (or would have otherwise been) treated as a “single employer” with the Company
or any of its Subsidiaries under Section 414 of the Code or Section 4001 of ERISA. 
 (v) Except as set forth in
Section 5.1(b)(v) of the Company Disclosure Letter, each Company Option (A) was granted in compliance with all applicable Laws and, if applicable, in compliance with all of the terms and conditions of the Stock Plan and award agreement
pursuant to which it was issued, (B) has an exercise price per Share equal to or greater than the fair market value of a Share at the close of business on the date of such grant, (C) has a grant date identical to the date on which the
board of directors of the Company (the “Company Board”) or compensation committee thereof actually awarded such Company Option, (D) qualifies for the Tax and accounting treatment afforded to such Company
Option in the Company’s Tax Returns, and (E) does not trigger any liability for the holder thereof under Section 409A of the Code. Any Company Option granted under the Stock Plan was granted in a compensatory capacity to employees or
service providers (or former employees or service providers) of the Company. Except as set forth in Section 5.1(b)(v) of the Company Disclosure Letter, each Company Option has an exercise price per Share less than the Per Share Amount. 

(c) Payment Schedule. Set forth in Schedule 5.1(c) is a true and correct calculation as of the date of this Agreement of the
respective percentages of the Closing Consideration and the Earn-Out Consideration entitled to be received in accordance with Article IV by holders of each of the Company’s outstanding
(i) Common Shares (including Company Restricted Shares), (ii) Preferred Shares, (iii) Company Options (taking into account the exercise price of each such Company Option), (iv) Phantom Cash Awards and (v) any other equity securities
of the Company (such schedule, including any amendments thereto, the “Payment Schedule”). Except as set forth in the Payment Schedule, no Person is entitled to any portion of the Closing Consideration or the Earn-Out Consideration. 

  
 -20- 

 (d) Agreements with Holders. The Contracts listed in
Schedule 5.1(d) will terminate and be of no further force or effect from and after the Effective Time. No holders of the Company’s equity securities will have any rights, and the Company will not have any obligations,
under such Contracts from and after the Effective Time. 
 (e) Corporate Authority; Approval. 

(i) The Company has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and
perform its obligations under this Agreement, and to consummate the Merger, subject only to adoption of this Agreement by the holders of a sufficient number of Shares required to approve such matter under the DGCL and the Company’s
Organizational Documents (such approval, the “Requisite Stockholder Approval”). This Agreement has been duly executed and delivered by the Company and constitutes a valid and binding agreement of the Company enforceable
against the Company in accordance with its terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws of general applicability relating to or affecting creditors’ rights and to general equity
principles (the “Bankruptcy and Equity Exception”). 
 (ii) The Company Board has (A) unanimously determined
that the Merger is fair to, and in the best interests of, the Company and its stockholders, approved and declared advisable this Agreement, the Merger and the other transactions contemplated hereby (collectively, the
“Transactions”) and resolved to recommend adoption of this Agreement to the Company’s stockholders (the “Company Recommendation”), and (B) directed that this Agreement be submitted to the
stockholders for their adoption. The Company Board has taken all action so that Parent will not be an “interested stockholder” or prohibited from entering into or consummating a “business combination” with the Company (in each
case as such term is used in Section 203 of the DGCL) as a result of the execution of this Agreement or the consummation of the Transactions. 

(iii) The Requisite Stockholder Approval requires the approval of the holders of sixty-five percent (65%) of the Company’s issued and
outstanding capital stock, and no other approval or consent of any Holder is required for the Company to execute, deliver and perform its obligations under this Agreement or to consummate the Merger. 

(f) Governmental Filings; No Violations; Certain Contracts. 

(i) Other than (A) the filings and/or notices pursuant to Section 1.3 and (B) the filing of a notification
and report form pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the rules and regulations thereunder (the “HSR Act”) (clauses (A) and (B), collectively, the “Company
Approvals”), no notices, reports or other filings are required to be made by the Company with, nor are any consents, registrations, approvals, permits or authorizations required to be obtained by the Company from, any domestic or
foreign governmental or regulatory authority, agency, commission, body, court or other legislative, executive or judicial governmental entity (each a “Governmental Entity”), in connection with the execution, delivery and
performance of this Agreement by the Company and the consummation of the Merger and the other Transactions, or in connection with the continuing operation of the business of the Company and its Subsidiaries following the Effective Time. 

  
 -21- 

 (ii) Except as set forth in Section 5.1(f)(ii) of the Company Disclosure Letter, the
execution, delivery and performance of this Agreement by the Company does not, and the consummation of the Merger and the other Transactions will not, constitute or result in (A) a breach or violation of, or a default under, the Organizational
Documents of the Company or any of its Subsidiaries, (B) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) or a default under, the creation or acceleration of any obligations under
or the creation of a Lien on any of the assets of the Company or any of its Subsidiaries pursuant to any agreement, lease, license, contract, note, mortgage, indenture, arrangement or other obligation (each,
a “Contract”) binding on the Company or any of its Subsidiaries or under any Law to which the Company or any of its Subsidiaries is subject, (C) the loss or impairment of, payment of any additional amounts with
respect to, or the consent of any other Person being required in respect of, the Company’s or any of its Subsidiaries’ ownership or use of, or its rights in or to, any Intellectual Property Rights, or (D) any change in the rights or
obligations of any party under any Contract binding on the Company or any of its Subsidiaries, except, in the case of clause (B), (C) or (D) above, for any such breach, violation, termination, default, creation, acceleration or change that,
individually or in the aggregate, would not reasonably be expected to be material to the Company or any of its Subsidiaries. Section 5.1(f)(ii) of the Company Disclosure Letter sets forth a correct and complete list of Material Contracts
pursuant to which consents or waivers are required prior to consummation of the Transactions (whether or not subject to the exception set forth with respect to clauses (B), (C) and (D) above). 

(g) Financial Statements. 

(i) The Company has made available to Parent true and complete copies of the audited consolidated balance sheets of the Company as of
December 31, 2021, 2020 and 2019, together with the related audited consolidated statements of operations and comprehensive income, stockholders’ equity and cash flows of the Company and its consolidated Subsidiaries for the fiscal years
then ended (collectively, the “Financial Statements”). The Financial Statements were prepared in accordance with GAAP and fairly present in all material respects the financial condition of the Company and its results of
operations for the periods then ended subject, with respect to interim financial statements, to normal year-end adjustments and the absence of notes. 

(ii) The books of account and other records of the Company and its consolidated Subsidiaries are, in all material respects, complete and
correct and have been maintained in accordance with commercially reasonable business practices. The Financial Statements have been prepared in a manner consistent in all material respects with the books of account and other records of the Company
and its consolidated Subsidiaries. 
 (iii) The charges, accruals and reserves for Taxes with respect to the Company and its consolidated
Subsidiaries reflected on the books of the Company and the Subsidiaries (excluding any provision for deferred income taxes reflecting either differences between the treatment of items for accounting and income tax purposes or carryforwards) are
adequate in accordance with GAAP. 

  
 -22- 

 (iv) Except for (A) those liabilities that are reflected or reserved against on the
Financial Statements, (B) liabilities incurred in the ordinary course of business consistent with past practice since December 31, 2021, and (C) obligations incurred pursuant to this Agreement, neither the Company nor any of its
Subsidiaries has incurred any liability of the type required to be set forth on a balance sheet prepared in accordance with GAAP that, individually or in the aggregate with other such liabilities, is or would reasonably be expected to be material.

 (h) Absence of Certain Changes. Since December 31, 2021, the Company and its Subsidiaries have conducted their respective
businesses only in, and have not engaged in any material transaction other than in accordance with, the ordinary course of such businesses consistent with past practices and there has not been: 

(i) any change in the financial condition, properties, assets, liabilities, business, prospects or results of their operations or any
circumstance, occurrence or development (including any adverse change with respect to any circumstance, occurrence or development existing on or prior to the most recent fiscal year end) to the Company’s Knowledge which, individually or in the
aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect; 
 (ii) any material damage, destruction or other
casualty loss with respect to any material asset or property owned, leased or otherwise used by the Company or any of its Subsidiaries, whether or not covered by insurance; 

(iii) any material change in any method of accounting or accounting practice or internal controls (including internal controls over financial
reporting) by the Company or any of its Subsidiaries; 
 (iv) except to the extent required by applicable Laws, (A) any
(1) increase in the compensation payable or to become payable to the officers or employees of the Company or any of its Subsidiaries, except increases of less than $20,000 and increases with respect to employees in the ordinary course of
business consistent with past practice, (2) payment to any director or officer of the Company or any of its Subsidiaries of any material bonus, making to any director or officer of the Company or any of its Subsidiaries of any material
profit-sharing or similar payment, except in the ordinary course of business consistent with past practice, or (3) grant to any director or officer of the Company or any of its Subsidiaries of any rights to receive severance, termination,
retention or Tax gross-up compensation or benefits or (B) any establishment, adoption, entry into or amendment of any collective bargaining, bonus, profit sharing, thrift, compensation, employment,
termination, severance or other plan, agreement, trust, fund, policy or arrangement for the benefit of any director, officer or employee; or 

(v) any agreement to do any of the foregoing. 

For purposes of this Agreement, “Company’s Knowledge,” “Knowledge of the Company” and similar
formulations mean that one or more of Alan Taylor, Sheryl Moroschak, Christine Scifert, Tommy Turpin, Jean Christophe Giet, Bertrand Gauneau, Jonathon Simon, Rebecca Wahl, Eric Fourcault and Gaelle Quirantes (i) has actual knowledge of the fact
or other matter at issue or (ii) should have had actual knowledge of such fact or other matter assuming the diligent exercise of such individual’s duties as a director, officer or employee of the relevant member of the Company, as
applicable, and after reasonable due inquiry. 

  
 -23- 

 (i) Litigation and Liabilities. There are no (A) civil, criminal or
administrative actions, suits, claims, hearings, arbitrations, investigations or other proceedings pending or, to the Company’s Knowledge, threatened against the Company or any of its Subsidiaries or (B) except as reflected or reserved
against in the audited consolidated balance sheet of the Company as of December 31, 2021 (and the notes thereto) and for obligations or liabilities incurred in the ordinary course of business since December 31, 2021, obligations or
liabilities of the Company or any of its Subsidiaries, whether or not accrued, contingent or otherwise and whether or not required to be disclosed, or any other facts or circumstances to the Company’s Knowledge that would reasonably be expected
to result in any material claims against, or obligations or liabilities of, the Company or any of its Subsidiaries, including those relating to matters involving any Environmental Law. Neither the Company nor any of its Subsidiaries is a party to or
subject to the provisions of any judgment, order, writ, injunction, decree or award of any Governmental Entity. 
 (j) Employee
Benefits. 
 (i) All material Benefit Plans are accurately listed in Section 5.1(j)(i) of the Company Disclosure Letter. For
purposes of this Agreement, “Benefit Plans” means all benefit and compensation plans, contracts, programs, practices, agreements, policies, arrangements or other obligations covering current or former employees of the Company
and its Subsidiaries (the “Employees”) and current or former directors or consultants (who are natural persons) of the Company and its Subsidiaries, whether or not in writing and whether or not funded, in each case, which are
sponsored, maintained or contributed to by the Company or any of its Subsidiaries, or to which the Company or any of its Subsidiaries is obligated to contribute, or with respect to which the Company or any of its Subsidiaries or any of their ERISA
Affiliates has any liability, direct or indirect, contingent or otherwise, including, but not limited to, “employee benefit plans” within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974
(“ERISA”), employment, consulting, retirement, vacation, deferred compensation, severance, termination, change in control, restricted stock, stock unit, phantom stock, stock option, stock purchase, stock appreciation rights,
stock based, incentive, bonus, supplemental retirement, profit-sharing, insurance, medical, welfare, fringe or other benefit or remuneration plans, contracts, programs, practices, policies or arrangements and including, for the avoidance of doubt,
the Stock Plan and any agreements pertaining to the grant of any awards. True and complete copies of (A) all material Benefit Plans listed on Section 5.1(j)(i) of the Company Disclosure Letter, including, but not limited to, any amendments
thereto, trust instruments, insurance contracts or other funding vehicles, as well as any summary plan descriptions, (B) a written description of such Benefit Plan if such plan is not set forth in a written document and (C) all material
correspondence to or from any Governmental Entity received in the last three (3) years with respect to any Benefit Plan, have been made available to Parent. The term “ERISA Affiliate” means all employers (whether or not
incorporated) that would be treated together with the Company or any of its Subsidiaries as a single employer within the meaning of Section 414 of the Code. 

(ii) (A) Except as set forth in Section 5.1(j)(ii) of the Company Disclosure Letter, each Benefit Plan (including any related
trusts) has been established, operated and administered in compliance with its terms, ERISA, the Code and other applicable Laws in all material respects, (B) all contributions or other amounts payable by the Company or any of its Subsidiaries
with respect to each Benefit Plan in respect of current or prior periods have been paid 

  
 -24- 

 
or accrued in accordance with GAAP, and (C) there are no pending or, to the Company’s Knowledge, threatened claims (other than routine claims for benefits) or proceedings by a
Governmental Entity by, on behalf of or against any Benefit Plan or any trust related thereto which could reasonably be expected to result in any liability to the Company or any of its Subsidiaries. 

(iii) Each Benefit Plan which is subject to ERISA (an “ERISA Plan”) that is an “employee pension benefit
plan” within the meaning of Section 3(2) of ERISA (a “Pension Plan”) and that is intended to be qualified under Section 401(a) of the Code, has received a favorable determination letter from the Internal
Revenue Service (the “IRS”) or is entitled to rely upon a favorable opinion issued by the IRS, and to the Company’s Knowledge, nothing has occurred that would reasonably be expected to result in the loss of the
qualification of such plan under Section 401(a) of the Code. Neither the Company nor any of its Subsidiaries has engaged in any transaction in connection with which the Company or any of its Subsidiaries reasonably could be subject to either a
civil penalty assessed pursuant to Section 409 or 502(i) of ERISA or a tax imposed pursuant to Section 4975 or 4976 of the Code. 

(iv) With respect to each ERISA Plan, the Company has made available to Parent, to the extent applicable, (A) the most recent summary
plan description together with any summaries of all material modifications thereto, (B) the most recent opinion or determination letter from the IRS, (C) the two most recent annual reports (Form 5500 or 990 series and all schedules and
financial statements attached thereto) and (D) the most recently prepared actuarial report (if applicable). 
 (v) No Controlled Group
Liability has been incurred by the Company or its ERISA Affiliates that has not been satisfied in full, and, to the Company’s Knowledge, no condition exists that presents a risk to the Company or its ERISA Affiliates of incurring any such
liability. “Controlled Group Liability” means any and all liabilities (A) under Title IV of ERISA, (B) under Section 302 of ERISA, (C) under Sections 412 and 4971 of the Code, and (D) as a result of a
failure to comply with the continuation coverage requirements of Section 601 et seq. of ERISA and Section 4980B of the Code. 

(vi) None of the Company, any of its Subsidiaries or any ERISA Affiliate has ever maintained, established, participated in or contributed to,
or is or has been obligated to contribute to, or has otherwise incurred any obligation or liability (including any contingent liability) under, any (A) “multiemployer plans” within the meaning of Section 3(37) of ERISA or
(B) single employer pension plan within the meaning of Section 4001(a)(15) of ERISA for which the Company or any of its Subsidiaries could incur liability under Section 4063 or 4064 of ERISA. No Benefit Plan is a “multiple
employer welfare arrangement” (as defined in Section 3(40) of ERISA). 
 (vii) There are no pending or, to the Company’s
Knowledge, threatened, actions, suits, claims, hearings, arbitrations, investigations or other proceedings relating to any Benefit Plan. Neither the Company nor any of its Subsidiaries has any obligations to provide retiree or post-employment
medical, disability, life insurance or other welfare benefits and, except as required by applicable Law, no Benefit Plan provides such benefits. 

  
 -25- 

 (viii) Except as set forth in Section 5.1(j)(viii) of the Company Disclosure Letter,
each Benefit Plan that is a “nonqualified deferred compensation plan” (as such term is defined in Section 409A(d)(1) of the Code) has been administered in substantial compliance with its terms and the operational and documentary
requirements of Section 409A of the Code and the regulations and guidance issued by the IRS provided thereunder. 
 (ix) There has been
no amendment to, announcement by the Company or any of its Subsidiaries relating to, or change in employee participation or coverage under, any Benefit Plan that would increase the expense of maintaining such plan above the level of the expense
incurred therefor for the most recent fiscal year. 
 (x) None of the execution or delivery of this Agreement, stockholder adoption or other
approval of this Agreement, or the consummation of the Transactions will, either alone or in combination with another event, (A) entitle any Employees, directors, officers or consultants (who are natural persons) of the Company or any of its
Subsidiaries to any payment or benefit (including severance, bonus or otherwise), (B) except as set forth in Section 5.1(x) of the Company Disclosure Letter, accelerate the time of payment or vesting or result in any payment or funding
(through a grantor trust or otherwise) of compensation or benefits under, increase the amount payable or result in any other obligation pursuant to, any of the Benefit Plans, (C) limit or restrict the right of the Company or, after the
consummation of the Transactions, Parent to merge, amend, terminate or transfer the assets any of the Benefit Plans, (D) directly or indirectly cause the Company to transfer or set aside any assets to fund any benefits under any Benefit Plan,
(E) otherwise give rise to any liability under any Benefit Plan or (F) except as set forth in Section 5.1(x) of the Company Disclosure Letter, result in the payment of any amount that could, individually or in combination with any
other such payment, constitute an “excess parachute payment” as defined in Section 280G(b)(1) of the Code. 
 (xi) Neither
the Company nor any of its Subsidiaries has any obligation to provide, and no Benefit Plan or other agreement provides any individual with the right to, a “gross-up”, indemnification, reimbursement
or other payment for any excise or additional taxes, interests or penalties incurred pursuant to Section 409A or under Section 4999 of the Code or due to the failure of any payment to such disqualified individual to be deductible under
Section 280G of the Code, or otherwise. No Benefit Plan provides, or reflects or represents any liability to provide, post-employment or retiree life insurance, health or other employee welfare benefits to any Person for any reason, except as
may be required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, or other applicable statute, and the Company has never represented, promised or contracted (whether in oral or written form) to any Employee (either
individually or to Employees as a group) or any other person that such Employee(s) or other person would be provided with post-employment or retiree life insurance, health or other employee welfare benefits, except to the extent required by statute.

 (xii) Each Benefit Plan can be amended, terminated or otherwise discontinued after the Effective Time in accordance with its terms,
without liability to the Company or any of its Subsidiaries other than ordinary administration expenses typically incurred in a termination event. 

  
 -26- 

 (xiii) All Benefit Plans maintained outside of the United States (such plans hereinafter
being referred to as “Non-U.S. Benefit Plans”) are in compliance with the applicable Laws of the relevant jurisdiction (including any local regulatory or tax approval requirements) and
with their terms, except as would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. All Non-U.S. Benefit Plans are listed and separately identified on
Section 5.1(j)(i) of the Company Disclosure Letter. As of the date hereof, there is no pending or, to the Company’s Knowledge, threatened material litigation relating to Non-U.S. Benefit Plans,
except as is not and would not reasonably be expected to be, individually or in the aggregate, material to the Company. All the Non-U.S. Benefit Plans which are intended, to the extent allowable under
applicable Law, to obtain tax exemption on contributions, benefits and/or invested assets under applicable Law now meet, and have met, the requirements for such tax exemption under applicable Law, in each case, except as is not and would not
reasonably be expected to be, individually or in the aggregate, material to the Company. 
 (k) Compliance with Laws; Licenses; Regulatory
Matters. 
 (i) The businesses of each of the Company and its Subsidiaries have not been, and are not being, conducted in violation of
any federal, state, local or foreign law, statute or ordinance, common law, or any rule, regulation, standard, judgment, order, writ, injunction, decree, arbitration award, agency requirement, license or permit of any Governmental Entity
(collectively, “Laws”), except for violations that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. Except with respect to regulatory matters covered by
Section 6.7 or routine examinations of patent, trademark and copyright applications filed or to be filed with U.S. and foreign patent offices, no investigation or review by any Governmental Entity with respect to the
Company or any of its Subsidiaries is pending or, to the Company’s Knowledge, threatened, nor has any Governmental Entity indicated an intention to conduct the same. To the Company’s Knowledge, no material change is required in the
Company’s or any of its Subsidiaries’ processes, properties or procedures in connection with any such Laws, and the Company has not received any notice or communication of any material noncompliance with any such Laws that has not been
cured as of the date hereof. 
 (ii) Each of the Company and its Subsidiaries has obtained and is in compliance with all permits, licenses,
certifications, approvals, registrations, consents, authorizations, franchises, variances, exemptions and orders issued or granted by a Governmental Entity necessary to conduct its business as presently conducted, except those the absence of which
would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 
 (iii) As to each product that
is developed, manufactured, tested, distributed or marketed by the Company or any of its Subsidiaries (a “Medical Device”) and that is subject to the Federal Food, Drug, and Cosmetic Act (the “FDCA”),
or similar Laws (including Council Directive 93/42/EEC, and all related amendments, concerning medical devices and its implementing rules and guidance documents) in any foreign jurisdiction (the FDCA and such similar Laws, collectively, the
“Regulatory Laws”), each such Medical Device has been and is being developed, manufactured, tested, distributed or marketed in compliance with all applicable requirements under the Regulatory Laws, including those relating to
investigational use, premarket clearance or marketing approval to market a Medical Device, good manufacturing 

  
 -27- 

 
practices, labeling, advertising, record-keeping, filing of reports and security, and, as required under applicable Laws, in compliance with the Advanced Medical Technology Association Code of
Ethics on Interactions with Healthcare Professionals, except failures in compliance that, individually or in the aggregate, have not had, and would not reasonably be expected to have, a Material Adverse Effect. 

(iv) Except as set forth in Section 5.1(k)(iv) of the Company Disclosure Letter or where a failure in compliance, individually or in the
aggregate, would not have had, and would not reasonably be expected to have, a Material Adverse Effect: 
 (A) The Company,
its Subsidiaries and their respective contract manufacturers are, and for the past five (5) calendar years have been, in compliance with, and each Medical Device regulated as a medical device under the Regulatory Laws in current commercial
distribution is, and has been, designed, manufactured, prepared, assembled, packaged, labeled, stored, installed, serviced, and processed in compliance with, the Quality System Regulation set forth in 21 C.F.R. Part 820. 

(B) The Company is in compliance with the written procedures, record-keeping and the Federal Food and Drug Administration (the
“FDA”) reporting requirements for Medical Device Reporting set forth in 21 C.F.R. Part 803 and Reports of Corrections and Removals set forth in 21 C.F.R. Part 806. 

(v) Each Medical Device subject to the Regulatory Laws in current commercial distribution in the United States as an FDA regulated medical
device is either a Class I or Class II medical device as defined under 21 U.S.C. § 360c(a)(1)(A), (B) and applicable rules and regulations thereunder and was first marketed under, and is covered by, a premarket notification owned and
held exclusively by the Company and its Subsidiaries and in compliance with 21 U.S.C. § 360(k) and the applicable rules and regulations thereunder, or is exempt from such premarket notification in accordance with 21 U.S.C. § 360(l) or
(m) and applicable rules and regulations thereunder. 
 (vi) Section 5.1(k)(vi) of the Company Disclosure Letter sets forth a list
of all registrations, clearances and approvals issued under the FDCA (collectively, the “FDCA Permits”) and held exclusively by the Company and its Subsidiaries. Such listed FDCA Permits constitute the only FDCA Permits
required for the Company and its Subsidiaries to conduct their respective businesses in the United States as presently conducted. Each such FDCA Permit is in full force and effect and no suspension, revocation, cancellation or withdrawal of any such
FDCA Permit is threatened and to the Company’s Knowledge there is no basis for the Company to believe that any such FDCA Permit will not be renewable upon expiration or will be suspended, revoked, cancelled or withdrawn. Each such FDCA Permit
will continue in full force and effect immediately following the Effective Time. 
 (vii) Except as set forth in Section 5.1(k)(vii) of
the Company Disclosure Letter, since January 1, 2016, no Medical Device has been recalled, withdrawn, suspended, seized or discontinued (other than for commercial or other business reasons) by the Company or any of its Subsidiaries in the
United States or outside the United States (whether voluntarily or otherwise) and as of the date hereof, none of such actions are under consideration by senior management of 

  
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the Company or any of its Subsidiaries with respect to any Medical Device. As of the Closing Date, (A) to the Company’s Knowledge, no Medical Device will be the subject of any recall,
withdrawal, suspension, seizure or discontinuance (other than for commercial or other business reasons) by the Company or any of its Subsidiaries in the United States or outside the United States (whether voluntarily or otherwise), where such
recall, withdrawal, suspension, seizure or discontinuance would have a Material Adverse Effect and (B) none of the actions described in, and that would have the effect described in, the immediately preceding clause (A) will be under
consideration by senior management of the Company or any of its Subsidiaries with respect to any Medical Device. To the Company’s Knowledge, there is no action, suit, claim, hearing, arbitration, investigation or other proceeding against the
Company or any of its Subsidiaries or any licensee of any Medical Devices (whether completed or pending) in the United States or outside of the United States seeking the recall, withdrawal, suspension, seizure or discontinuance of any Medical
Device, which would reasonably be expected to have a Material Adverse Effect. 
 (viii) As to each Medical Device for which a premarket
approval application, premarket notification, investigational device exemption or similar state or foreign regulatory application has been approved, the Company and its Subsidiaries are in compliance with 21 U.S.C. § 360, § 360(e) and
§ 360(j) and 21 C.F.R. Parts 807, 812 and 814, respectively, and all other similar Regulatory Laws and all terms and conditions of such licenses or applications, except for any such failure or failures to be in compliance which would not
reasonably be expected to have a Material Adverse Effect. In addition, the Company and its Subsidiaries are in compliance with all applicable registration and listing requirements set forth in 21 U.S.C. § 360 and 21 C.F.R. Part 807, Medical
Device Reporting requirements set forth in 21 C.F.R. Part 803 and all other similar Regulatory Laws, except for any such failure or failures to be in compliance which would not reasonably be expected to have a Material Adverse Effect. 

(ix) No article of any Medical Device manufactured for or distributed by the Company or any of its Subsidiaries is (A) adulterated within
the meaning of 21 U.S.C. § 351 (or other similar Regulatory Laws), (B) misbranded within the meaning of 21 U.S.C. § 352 (or other similar Regulatory Laws) or (C) a product that is in violation of 21 U.S.C.
§ 360 or § 360(e) (or other similar Regulatory Laws), except for any such failure or failures to be in compliance with the foregoing that would not reasonably be expected to have a Material Adverse Effect. 

(x) Except as set forth in Section 5.1(k)(x) of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries has
conducted any clinical studies in the United States or sponsored the conduct of any clinical research in the United States. 
 (xi) Neither
the Company nor any of its Subsidiaries, nor, to the Company’s Knowledge, any officer, Employee or agent of the Company or any of its Subsidiaries, has made an untrue statement of a material fact or fraudulent statement to the FDA or any other
Governmental Entity, failed to disclose a material fact required to be disclosed to the FDA or any other Governmental Entity, or committed an act, made a statement, or failed to make a statement that, at the time such disclosure was made, could
reasonably be expected to provide a basis for the FDA or any other Governmental Entity to invoke its policy respecting “Fraud, Untrue Statements of Material Facts, Bribery, and Illegal Gratuities,” set forth in 56 Fed. Reg. 46191
(September 10, 1991) or any similar policy under any other similar Regulatory Law. 

  
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 (xii) Since January 1, 2016, neither the Company nor any of its Subsidiaries has
received any written notice that the FDA or any other Governmental Entity has commenced, or threatened to initiate, any action to (A) withdraw its approval or request the recall of any Medical Device, (B) enjoin production of any Medical
Device or (C) enjoin the production of any medical devices produced at any facility where any Medical Device is manufactured, tested or packaged. 

(xiii) Without limiting this Section 5.1(k), the Company and its operations (including operations carried out by
third parties on behalf of Company) are and have been conducted in compliance with all Health Care Laws applicable to the Company enforced by the United States Department of Health and Human Services and its constituent agencies, including the
Centers for Medicare & Medicaid Services and the Office of Inspector General, and the United States Department of Justice (the “DOJ”), except for any such failure or failures to be in compliance which would not
reasonably be expected to have a Material Adverse Effect. For purposes of this Agreement, “Health Care Laws” means all Laws relating to participation in Federal Health Care Programs the False Claims Act (31 U.S.C. §
3729, et seq.), the Civil Monetary Penalties Law (42 U.S.C. § 1320a-7a), the Physician Payment Sunshine Act, federal and state anti-kickback statutes (including 42 U.S.C. § 1320a-7b), federal and state referral laws (including 42 U.S.C. § 1395nn), criminal false claims statutes (e.g., 18 U.S.C. §§ 287 and 1001), the Program Fraud Civil Remedies Act of 1986 (31 U.S.C.
§ 3801, et seq.), the Beneficiary Inducement Statute (42 U.S.C. § 1320a-7a(a)(5)), and HIPAA and the rules and regulations promulgated under the foregoing statutes. 

(xiv) The Company has implemented a compliance program and conflict of interest process that materially complies with the guidance regarding
an effective corporate compliance and ethics program identified in U.S.S.G. § 8B2.1 and the principles established by the Department of Health and Human Services, Office of Inspector General (the
“HHS-OIG”). The compliance program includes policies, procedures, and training addressing compliance with all applicable laws described in this Section 5.1(k).

 (xv) Except as set forth on Section 5.1(k)(xv) of the Company Disclosure Letter, since January 1, 2016, the Company has tracked
and appropriately reported any reportable payments or transfers of value in compliance with the federal Physician Payments Sunshine Act, 42 U.S.C. § 1320a-7h or a comparable applicable Law. 

(xvi) The Company has provided in Section 5.1(k)(xvi) of the Company Disclosure Letter a complete list of physicians and healthcare
professionals that are known to the Company and its Subsidiaries to have a contractual or other financial relationship (including any ownership interests) with the Company or any of its Subsidiaries. 

(xvii) Neither the Company nor any of its Subsidiaries, nor, to the Company’s Knowledge, any officer, director, Employee, contractor or
agent of the Company is, or is in anticipation of being (based on a conviction by the courts or a finding of fault by a regulatory authority): (A) debarred pursuant to the Generic Drug Enforcement Act of 1992 (21 U.S.C. § 335a); (B)
disqualified from participating in clinical trials pursuant to 21 C.F.R. § 312.70 or § 812.119; (C) disqualified as a testing facility under 21 C.F.R. Part 58, Subpart K; (D) excluded, debarred or suspended from or otherwise
ineligible to participate in a “Federal Health Care 

  
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Program” as defined in 42 U.S.C. 1320a-7b(f) or any other governmental payment, procurement or non-procurement
program; or (E) included on the HHS-OIG List of Excluded Individuals/Entities, the General Services Administration’s List of Parties Excluded from Federal Programs, or the FDA Debarment List. To the
Company’s Knowledge, none of the Company’s officers, directors, Employees, contractors, or agents have engaged in any activity that would reasonably be expected to lead to any of the results described in this paragraph. 

(xviii) Neither the Company nor any of its Subsidiaries has been or are the subject of any actions, suits, claims, hearings, arbitrations,
investigations or other proceedings that have been filed, commenced or, to the Company’s Knowledge, threatened in writing, by any Person, including by the U.S. Department of Health and Human Services (“HHS”), the Centers
for Medicare & Medicaid Services, the HHS OIG, the U.S. Department of Justice, state Attorneys General, state Medicaid agencies, state Medicaid Fraud Control Units, or any other Person against the Company nor any of its Subsidiaries or any
of its or their respective members, directors, managers, officers, employees, or independent contractors acting on behalf of the Company or any of its Subsidiaries, alleging any failure to comply with any Healthcare Law in the conduct of their
respective businesses. The Company has not received from any Governmental Entity any inspection reports, notices of adverse findings, warning letters, untitled letters, suspension, consent decree, notice of criminal investigation, indictment,
sentencing memorandum, plea agreement, court order or target or no-target letter or other correspondence concerning the Company or the Medical Devices in which any Governmental Entity asserted that the Medical
Devices or the Company’s operations or business may not be in compliance with applicable Laws. 
 (i) None of the Company, its
Subsidiaries or any of their Representatives has directly or indirectly offered, paid or accepted any remuneration or other thing of value that is prohibited by applicable Law, including without limitation the Federal Anti-Kickback Statute, 42
U.S.C. § 1320a-7b(b) and the United States Foreign Corrupt Practices Act of 1977. None of the Company, its Subsidiaries or any of their Representatives has directly or indirectly made or agreed to
make any contribution, gift, bribe, rebate, payoff, influence payment, kickback or similar payment to any Person, including (A) to obtain favorable treatment in securing business, (B) to pay for favorable treatment for business secured,
(C) to obtain special concessions or pay for special concessions already obtained, or (D) in connection with the approval or regulatory status of the Medical Devices or the facilities in which the Medical Devices are manufactured, packaged
or stored, or from which Medical Devices are initially distributed. 
 (ii) To the Company’s Knowledge, there are no facts,
circumstances or conditions that would reasonably be expected to form the basis for any investigation, suit, claim, action, proceeding or imposition of any penalties against or affecting the Company and its Subsidiaries relating to or arising under
(x) the FDCA or (y) the federal health care programs under Section 1128 or Section 1877 of the Social Security Act of 1935 or regulations of the HHS-OIG, in each case that has had, or would
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 (l) Material Contracts. 

(i) Section 5.1(l)(i) of the Company Disclosure Letter sets forth an accurate and complete list of each Contract that is described in any
of the following subsections to which the Company is a party (collectively, the “Material Contracts”): 

(A) any Contract involving the payment or receipt of royalties or other amounts of more than $250,000 in the aggregate in any
twelve (12)-month period calculated based upon the revenues or income of the Company or any of its Subsidiaries or income or revenues related to any product of the Company or any of its Subsidiaries; 

(B) any Contract with any Holder, other than employment agreements entered into in the ordinary course of business; 

(C) any Contract containing any standstill or similar agreement pursuant to which the Company or any of its Subsidiaries has
agreed not to acquire assets or securities of another Person or any of its Affiliates; 
 (D) any Contract providing for
indemnification by the Company or any of its Subsidiaries of any Person, except for non-material Contracts entered into in the ordinary course of business; 

(E) any Contract that was not negotiated and entered into on an arm’s length basis; 

(F) any non-competition Contract or other Contract that (1) purports to limit in
any material respect either the type of business in which the Company or any of its Subsidiaries (or, after the Effective Time, Parent or its Subsidiaries) may engage or the manner or locations in which any of them may so engage in any business,
(2) could require the disposition of any material assets or line of business of the Company or any of its Subsidiaries or, after the Effective Time, Parent or its Subsidiaries, (3) grants “most favored nation” status that,
following the Merger, would apply to Parent and its Subsidiaries, including the Company and its Subsidiaries or (4) prohibits or limits the Company’s or any of its Subsidiaries’ right to make, sell or distribute any products or
services or use, transfer, license, distribute or enforce any Company Intellectual Property; 
 (G) any Contract pursuant to
which the Company or any of its Subsidiaries (1) grants or shares any license, sublicense, covenant not to sue, ownership right (including joint ownership right), option to acquire, release or similar right under any Intellectual Property
Rights material to their respective businesses, other than non-exclusive licenses granted to customers (solely to permit such customers’ use of the Company’s and its Subsidiaries’ products and
services) or third-party service providers (solely for the purpose of facilitating their provision of services to or on behalf of the Company and its Subsidiaries), in each case, in the ordinary course of business, or (2) receives any license,
sublicense, covenant not to sue, ownership right (including joint ownership right), option to acquire, release, or similar right under any Intellectual Property Rights material to their respective businesses, other than non-exclusive licenses granted on standardized, commercially available terms for non-customized software; 

  
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 (H) any Contract material to the businesses of the Company and its
Subsidiaries, the primary purpose of which is the Processing of Personal Information (each as defined in Section 5.1(r)); 

(I) any Contract that contains a put, call or similar right pursuant to which the Company or any of its Subsidiaries could be
required to purchase or sell, as applicable, any equity interests of any Person or assets that have a fair market value or purchase price of more than $250,000; 

(J) any joint venture Contract, partnership arrangements or other Contracts involving a sharing with any third party of
profits, losses, costs or liabilities by the Company or any of its Subsidiaries; 
 (K) any Contract that restricts the
ability of the Company or any of its Subsidiaries from (1) paying dividends or making any other distributions in respect of any capital stock or other equity interests of such Person, or paying Indebtedness owed to any of its Affiliates,
(2) making loans or advances to, or other investments in, any of its Affiliates, or (3) transferring any of its assets to any of its Affiliates; 

(L) any Contract relating to Indebtedness and any swap, option, derivative or other hedging agreement; or 

(M) any Contract involving payments by the Company in excess of $250,000 in the aggregate in any twelve (12)-month period
(1) relating to research or development or clinical studies to gather safety and effectiveness data about a Medical Device to support a premarket application or premarket notification, (2) relating to the sale, distribution, supply,
licensing, co-promotion, marketing or manufacturing of any Medical Device, or (3) with any distributor of any Medical Device, except in each case for any such Contract that is entered into in the
ordinary course of business; and 
 (N) any Contract that would prevent, materially delay or materially impede the
Company’s ability to consummate the Merger or other Transactions. 
 Each such Contract described in clauses (A) through
(M) is referred to herein as a “Material Contract.” 
 (ii) Each of the Material Contracts is valid and binding
on the Company or any of its Subsidiaries, as the case may be, and, to the Company’s Knowledge, each other party thereto and is in full force and effect, except for such failures to be valid and binding or to be in full force and effect as
would not reasonably be expected to, individually or in the aggregate, be material to the Company or any of its Subsidiaries. There is no default under any such Contracts by the Company or any of its Subsidiaries and no event has occurred that with
the lapse of time or the giving of notice or both would constitute a default thereunder by the Company or any of its Subsidiaries, in each case except as would not, individually or in the aggregate, reasonably be expected to be material to the
Company or any of its Subsidiaries. 

  
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 (m) Real Property. 

(i) Neither the Company nor any of its Subsidiaries owns any real property. 

(ii) With respect to the real property leased or subleased to the Company or any of its Subsidiaries (the “Leased Real
Property”), the lease or sublease for such property is valid, legally binding, enforceable and in full force and effect, and none of the Company or any of its Subsidiaries is in breach of or default under such lease or sublease, and no
event has occurred which, with notice, lapse of time or both, would constitute a breach or default by the Company or any of its Subsidiaries or permit termination, modification or acceleration by any third party thereunder, or prevent, materially
delay or materially impair the consummation of the Merger or the other Transactions, except in each case, for such invalidity, failure to be binding, unenforceability, ineffectiveness, breaches, defaults, terminations, modifications, accelerations
or repudiations that are not, or would not, individually or in the aggregate, reasonably be expected to be material to the Company or any of its Subsidiaries. The Company has made available to Parent a complete and correct copy of all leases
pertaining to the Leased Real Property, each as amended to the date hereof, and each as so delivered is in full force and effect. 
 (iii)
The Company, or one of its Subsidiaries, owns good title to, or holds pursuant to valid and enforceable lease agreements, all of the personal property shown to be owned or leased by it on the Financial Statements (other than assets disposed of in
the ordinary course of business), free and clear of all Liens. 
 (n) Takeover Statutes. No “fair price,”
“moratorium,” “control share acquisition” or other similar anti-takeover statute or regulation (each, a “Takeover Statute”) or any anti-takeover provision in the Company’s Organizational Documents is
applicable to the Company, the Shares, the Merger or the other Transactions. 
 (o) Environmental Matters. (i) The Company and
its Subsidiaries have complied at all times in all material respects with all applicable Environmental Laws and are currently in material compliance with all applicable Environmental Laws; (ii) no property currently, or to the Company’s
Knowledge formerly, owned, leased or operated by the Company or any of its Subsidiaries is contaminated with any Hazardous Substance requiring remediation pursuant to any Environmental Law; (iii) neither the Company nor any of its Subsidiaries
is subject to liability for any Hazardous Substance disposal or contamination on any third party property; (iv) neither the Company nor any of its Subsidiaries has received any notice, demand, letter, claim or request for information alleging
that the Company or any of its Subsidiaries may be in violation of, or subject to liability under, any Environmental Law; (v) neither the Company nor any of its Subsidiaries is subject to any order, decree, or injunction with any Governmental
Entity or any indemnity or other agreement with any third party relating to liability under any Environmental Law or liability relating to Hazardous Substances; (vi) to the Company’s Knowledge, there are no other circumstances or
conditions involving the Company or any of its Subsidiaries that could reasonably be expected to result in any material claim, liability, investigation, cost or restriction on the ownership, use, or transfer of any property pursuant to any
Environmental Law; (vii) the Company has delivered to Parent copies of all environmental reports, studies, assessments, sampling data and other environmental information in its possession 

  
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relating to the Company or any of its Subsidiaries or their respective current and former properties or operations; and (viii) the Company and its Subsidiaries possess all permits, licenses,
registrations, identification numbers, authorizations and approvals required under applicable Environmental Laws. 
 As used herein, the
term “Environmental Law” means any Law relating to: (x) the protection, investigation or restoration of the environment, health, safety, or natural resources, (y) the handling, use, presence, disposal, release or
threatened release of any Hazardous Substance or (z) noise, odor, indoor air, employee exposure, wetlands, pollution, contamination or any injury or threat of injury to persons or property relating to any Hazardous Substance. 

As used herein, the term “Hazardous Substance” means any substance that is: (x) listed, classified or regulated
as a “Hazardous Substance”, “Hazardous Waste”, “Hazardous Material”, or “Toxic Substance” pursuant to any Environmental Law; (y) medical waste, infectious or biohazardous substances, any petroleum product
or by-product, asbestos-containing material, lead-containing paint or plumbing, polychlorinated biphenyls, mold, per and polyfluoroalkyl substances, radioactive material or radon; and (z) any other
substance which is regulated under Environmental Law due to a potential for harm. 
 (p) Taxes. Except as disclosed on
Section 5.1(p) of the Company Disclosure Letter: 
 (i) The Company and each of its Subsidiaries: (A) have prepared in good faith
and duly and timely filed (taking into account any valid extension of time within which to file) all U.S. federal, French and other material Tax Returns required to be filed by any of them with the appropriate taxing authority and all such filed Tax
Returns are complete and accurate; (B) have duly and timely paid all U.S. federal, French and other material Taxes that are required to be paid by the Company or any of its Subsidiaries (whether or not shown on any Tax Returns); (C) have
withheld and timely paid to the appropriate taxing authorities all material Taxes in material compliance with all Tax withholding provisions; and (D) have materially complied with all information reporting (and related withholding) and record
retention requirements. 
 (ii) There are no closing agreements, private letter rulings, gain recognition agreements, technical advance
memoranda or similar agreements or rulings that have been entered into or issued by any taxing authority in respect of any Tax matters with respect to the Company. 

(iii) No issues that have been raised in writing by the relevant taxing authority in connection with any examination of the Tax Returns
referred to in Section 5.1(p)(i) above are currently pending, no such Tax Return is currently being examined by any taxing authority, nor have the Company or any of its Subsidiaries received any written notice from a taxing
authority that it intends to conduct such examinations, and all deficiencies asserted or assessments made in writing, if any, as a result of any such examinations have been paid in full, settled or withdrawn. There are no Liens for Taxes (other than
Taxes not yet due and payable or that are being contested in good faith and for which appropriate reserves have been established in accordance with GAAP) upon any of the assets of the Company or any of its Subsidiaries. 

  
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 (iv) Neither the Company nor any of its Subsidiaries is a party to any Contract or
arrangement providing for allocation, sharing or indemnification with respect to Taxes with a Person other than the Company or a Subsidiary (other than any such commercial, financing, leasing or employment Contract or arrangement entered into in the
ordinary course of business consistent with past practice, the primary subject matter of which is not Taxes). 
 (v) No written claim has
been made by a Governmental Entity in a jurisdiction where the Company or any of its Subsidiaries does not file Tax Returns that it is or may be subject to taxation by, or required to file any Tax Return in, that jurisdiction and no claim has been
made by a Governmental Entity in a jurisdiction where the Company or any of its Subsidiaries does not file a Tax Return with respect to any type of Tax that the Company or any of its Subsidiaries is required to file any Tax Return with respect to
Taxes of such type. 
 (vi) The Company and each of the Subsidiaries is not, and during the past five (5) years has never been, a
“United States real property holding corporation” within the meaning of Section 897 of the Code. 
 (vii) Neither the Company
nor any of its Subsidiaries has participated in any “listed transaction” (within the meaning of Section 6011 of the Code and the Treasury Regulations thereunder). 

(viii) Neither the Company nor any of its Subsidiaries has ever been a member of any consolidated, combined, unitary or similar Tax group
other than a group of which the Company is a common parent or has transferee or successor liability for the unpaid Taxes of any other Person under Treasury Regulations Section 1.1502-6 (or any similar
provision of state, local or foreign Law), by Contract (other than any such commercial, financing, leasing or employment Contract or arrangement entered into in the ordinary course of business consistent with past practice, the primary subject
matter of which is not Taxes) or otherwise by operation of Law. 
 (ix) Neither the Company nor any of its Subsidiaries (A) has granted
any extension for the assessment or collection of Taxes (other than pursuant to extensions of time to file Tax Returns either granted automatically or obtained in the ordinary course of business), (B) has extended or waived the application of any
statute of limitations of any jurisdiction regarding the assessment or collection of any Taxes or (C) has granted to any Person any power of attorney that is currently in force with respect to any Tax matter. 

(x) Neither the Company nor any of its Subsidiaries will be required to include any item of income in, or to exclude any item of deduction
from, taxable income in any taxable period (or portion thereof) ending after the Closing Date as a result of any closing agreement as described in Section 7121 of the Code (or any similar provision of state, local or foreign Law), installment
sale or open transaction on or prior to the Closing Date, change in the basis for determining any item referred to in Section 807(c) of the Code, any accounting method change or agreement with any Tax authority, any prepaid amount received on
or prior to the Closing Date, any intercompany transaction or excess loss account described in Section 1502 of the Code (or any corresponding provision of state, local or foreign Law), or any election pursuant to Section 108(i) of the Code
(or any similar provision of state, local or foreign Law) made with respect to any taxable period ending on or prior to the Closing Date. Neither the Company nor any of its Subsidiaries will be liable for Tax in any Straddle Period or the period
beginning after the Closing Date as a result of any election under Section 965(h) of the Code. 

  
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 (xi) Neither the Company nor any of its Subsidiaries has distributed stock of another
Person, or has had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Section 355 or Section 361 of the Code. 

(xii) The Company has been properly classified for United States federal income tax purposes as a C corporation at all times since formation.

 (xiii) Neither the Company nor any of its Subsidiaries has availed itself of any government grants, Tax holidays, loans, or other Tax
benefits or relief related to COVID-19, including a loan under the Paycheck Protection Program or relief pursuant to Section 2301 or Section 2302 of the Coronavirus Aid, Relief, and Economic Security
Act (P.L. 116-136), as amended, or any similar applicable federal, state or local Law. 
 (xiv)
Neither the Company nor any of its Subsidiaries has ever been subject to Tax in any jurisdiction outside of its country of organization by reason of having employees, a permanent establishment, an office or other place of business in such
jurisdiction. 
 Except as set forth in Sections 5.1(p)(x), (xiii), and (xiv), no representation or warranty in this
Section 5.1(p) may be relied upon for any taxable period (or portion thereof) beginning after the Closing Date. 

As used in this Agreement, (x) the term “Tax” includes all federal, state, local and foreign income, license,
profits, franchise, gross receipts, environmental, customs duty, capital stock, severances, stamp, payroll, sales, employment, social security (or similar), unemployment, disability, use, real property, personal property, transfer, registration,
withholding, excise, medical device excise, production, value added, occupancy, alternative or add-on minimum, estimated and other taxes, duties or assessments of any nature whatsoever, together with all
interest, penalties and additions imposed with respect to such amounts and any interest in respect of such penalties and additions, whether disputed or not and including any obligations to indemnify or otherwise assume or succeed to the Tax
liability of any other Person, and (y) the term “Tax Return” includes all returns and reports (including elections, declarations, disclosures, schedules, estimates, claims for refund and information returns, including
any attachments thereto and amendments thereof) supplied or required to be supplied to a Tax authority relating to Taxes. 
 (q) Labor
Matters. 
 (i) As of the date of hereof, (A) neither the Company nor any of its Subsidiaries is a party to any collective
bargaining agreement or other agreement with a labor union or like organization, (B) to the Company’s Knowledge, there are no activities or proceedings of any individual or group of individuals, including representatives of any labor
organizations or labor unions, to organize any employees of the Company or any of its Subsidiaries and no demand for recognition as the exclusive bargaining representative of any employees has been made by or

  
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on behalf of any labor or like organization, (C) there is no strike, lockout, slowdown, work stoppage, job action, picketing, unfair labor practice or other labor dispute, question regarding
representation or union organizing activity or any similar activity pending or, to the Company’s Knowledge, threatened, that may interfere in any material respect with the respective business activities of the Company or any of its
Subsidiaries, (D) no employees of the Company or any of its Subsidiaries are represented by any labor union or works council, (E) there is no unfair labor practice charge against the Company or any of its Subsidiaries pending before the
National Labor Relations Board or any comparable labor relations authority, and (F) there is no pending or, to the Company’s Knowledge, threatened arbitration or grievance, charge, complaint, audit or investigation by or before any
Governmental Entity with respect to any Employees of the Company or any of its Subsidiaries. 
 (ii) The Company and each of its
Subsidiaries is in material compliance with all applicable Laws respecting labor, employment, fair employment practices (including equal employment opportunity laws), terms and conditions of employment, including proper classification of independent
contractors or employees, workers’ compensation, occupational safety and health, affirmative action, employee privacy, plant closings, wages and hours. The Company has paid in full to all current and former Employees, independent contractors,
and consultants all wages, salaries, commissions, bonuses, benefits, and other compensation that are due and owing to such persons. 
 (iii)
There are no actions, suits, claims, hearings, arbitrations, investigations or other proceedings pending or, to the Company’s Knowledge, threatened against the Company or any of its Subsidiaries in any forum by or on behalf of any Employee of
the Company or any of its Subsidiaries, any applicant for employment or classes of the foregoing alleging breach of any express or implied employment contract, violation of any Law governing employment or the termination thereof, or any other
discriminatory, wrongful or tortious conduct on the part of the Company or any of its Subsidiaries in connection with the employment relationship that, either individually or in the aggregate, would reasonably be expected to be material to the
Company. 
 (iv) Neither the Company nor any of its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and
Retraining Notification Act and the regulations promulgated thereunder or any similar state or local Law that remains unsatisfied. 
 (v) No
allegations of sexual harassment or sexual misconduct while employed by, or providing services to, the Company have been made, or to the Company’s Knowledge, threatened, against any current or former officer, employee, manager or director of
the Company. The Company has never entered into any settlement agreement or conducted any investigation related to allegations of sexual harassment or sexual misconduct by or regarding any current or former officer, manager or director of the
Company. The Company has promptly, thoroughly and impartially investigated all employment discrimination and sexual harassment allegations of, or against, any Employee or former employee. 

  
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 (vi) No notice, consent or consultation obligations with respect to any employees of the
Company or any of its Subsidiaries, or any labor union or other employee representative body, trade union or works council, will be a condition precedent to, or triggered by, the execution of this Agreement or the consummation of the transactions
contemplated hereby. 
 (r) Intellectual Property; Data Privacy. 

(i) Section 5.1(r)(i) of the Company Disclosure Letter sets forth a true, correct, and complete list of all Company Registered IP,
indicating for each item, as applicable: (A) the name of the applicant/registrant and current legal and beneficial owner(s); (B) the jurisdiction where the application/registration is located (or, for Internet domain names, the applicable
registrar); (C) the application or registration number; and (D) the filing date, issuance/registration/grant date and expiration date. All Company Registered IP is subsisting, valid and, other than Company Registered IP constituting
applications, to the Company’s Knowledge, enforceable, and since December 31, 2018, neither the Company nor any of its Subsidiaries has received any written notice challenging the validity or enforceability of, or the Company’s or any
of its Subsidiaries’ rights in or to, any Company Registered IP except as disclosed on Section 5.1(r)(i) of the Company Disclosure Letter. 

(ii) Except as indicated on Section 5.1(r)(ii) of the Company Disclosure Letter, the Company and its Subsidiaries exclusively own or hold
an exclusive license under, all Company Intellectual Property, free and clear of all Liens. No material Company Intellectual Property is subject to any outstanding order, judgment or decree adversely affecting the Company’s or its
Subsidiaries’ ownership or use of, or its rights in or to, such material Company Intellectual Property. 
 (iii) The Company and its
Subsidiaries have sufficient and valid rights to use all Intellectual Property Rights necessary for, or otherwise used in and material to, their respective businesses as presently conducted, all of which rights shall survive the consummation of the
Transactions to the same extent as available to the Company and its Subsidiaries on the date of this Agreement. 
 (iv) Except as has not
resulted in, and would not reasonably be expected to result in, individually or in the aggregate, material liability or business disruption, (A) neither the Company nor any of its Subsidiaries, nor the operation of their respective businesses
(including the development, manufacture, use, sale, commercialization or other exploitation of any product, service or other offering currently provided or under development by the Company or any of its Subsidiaries) has, within the past six
(6) years infringed, misappropriated or otherwise violated the Intellectual Property Rights of any other Person, and (B) no actions, suits, claims, hearings, arbitrations, investigations or other proceedings regarding any of the foregoing
are pending or threatened against the Company or any of its Subsidiaries. 
 (v) Except as set forth on Section 5.1(r)(v) of the
Company Disclosure Letter or as has not been, and would not reasonably be expected to be, individually or in the aggregate, material to the Company or any of its Subsidiaries, to the Company’s Knowledge, no third party is infringing,
misappropriating, or otherwise violating any Company Intellectual Property, and except as set forth on Section 5.1(r)(v) of the Company Disclosure Letter, neither the Company nor any of its Subsidiaries has asserted or threatened to assert a
claim of such infringement, misappropriation or violation against any third party since December 31, 2018. 

  
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 (vi) The Company and its Subsidiaries have taken commercially reasonable measures to
maintain and preserve the enforceability of all material Company Intellectual Property, and to protect and preserve the confidentiality and value of all material Trade Secrets that are owned, used or held for use by the Company or any of its
Subsidiaries. No material Trade Secrets constituting Company Intellectual Property have been made available to or, to the Company’s Knowledge, discovered by any Person except pursuant to valid and appropriate confidentiality and non-disclosure obligations requiring any such Person to maintain the confidentiality thereof, and not to use such Trade Secrets except as authorized by the Company or the applicable Subsidiary, and such obligations
have not, to the Company’s Knowledge, been breached in any material respect. 
 (vii) All current and former Employees, officers,
directors, consultants and contractors of the Company or any of its Subsidiaries who have contributed to the creation or development of any material Intellectual Property Rights for or on behalf of the Company or any of its Subsidiaries have
executed and delivered to the Company or one of its Subsidiaries, as applicable, a valid written Contract containing an irrevocable present assignment to the Company or such Subsidiary of all of such Person’s right, title and interest in any
such Intellectual Property Rights. To the Company’s Knowledge, no Employee, officer, director, stockholder, consultant, or contractor of the Company or any of its Subsidiaries retains or claims to retain any rights in, nor has any of them made
application for, any such Intellectual Property Rights. 
 (viii) Except as set forth on Section 5.1(r)(viii) of the Company
Disclosure Letter, neither the Company nor any of its Subsidiaries has distributed, made available for remote interaction, incorporated or linked to any Software that is subject to any open source license, in each case, in a manner that requires the
Company or any of its Subsidiaries to (A) disclose, distribute or make available any proprietary source code constituting Company Intellectual Property, (B) refrain from charging fees or other consideration, or limit the fees or
consideration that it may charge, in connection with their material proprietary Software, (C) grant any license or other right to decompile or reverse-engineer any of their material proprietary Software or (D) permit any Person to make
derivative works of any of their material proprietary Software. The Company and its Subsidiaries have complied in all material respects with their respective obligations arising under any open source licenses relating to their material proprietary
Software. None of the Company’s or its Subsidiaries’ material proprietary Software is subject to any escrow agreement or similar contingent obligation to disclose any of their material proprietary Software in source code format. 

(ix) The IT Assets owned, used or held for use (including through cloud-based or other third-party service providers) by the Company or any
of its Subsidiaries (A) operate and perform in all material respects in accordance with their documentation and functional specifications and otherwise as required by the Company or any of its Subsidiaries in connection with their respective
businesses, (B) have not materially malfunctioned or failed to function since December 31, 2018 and (C) are free from material bugs, defects, “back doors,” “drop dead devices,” “time bombs,” “Trojan
horses,” “viruses,” “worms,” “spyware” (in each case, as such terms are commonly understood in the software industry) or any other disabling or malicious code. Since December 31, 2018, there has been no
material unauthorized access to or misuse of such IT Assets. The Company and its Subsidiaries have implemented reasonable backup and disaster recovery technology consistent with best industry practices to protect the confidentiality, integrity and
security of such IT Assets, as applicable. 

  
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 (x) The Company and its Subsidiaries have complied in all material respects with all
applicable Privacy Laws and Company Privacy Commitments and, to the Company’s Knowledge, no circumstance has arisen in which Privacy Laws, or any applicable guidance or codes of practice promulgated under Privacy Laws, would require the Company
or any of its Subsidiaries to notify a Governmental Entity of any actual or suspected unauthorized acquisition of or access to Personal Information. Since December 31, 2018, the Company and its Subsidiaries have not received any written notice,
order, inquiry, investigation, complaint or other communication alleging non-compliance with any Privacy Laws or Company Privacy Commitments. 

(xi) The Company and its Subsidiaries have implemented and maintain a written information security program that complies with Privacy Laws
and Company Privacy Commitments and contains commercially reasonable organizational, physical, administrative and technical measures, consistent in all material respects with best industry practices, and have otherwise taken all steps reasonably
necessary, to ensure that Personal Information processed, collected, stored, transferred or otherwise used (“Processed”) by or on behalf of the Company or any of its Subsidiaries is protected against loss, theft, misuse, or
unauthorized access, use, modification or disclosure. There has been no material loss, theft, misuse of, or unauthorized access to, or acquisition, use, modification or disclosure of, such Personal Information Processed by or on behalf of the
Company or any of its Subsidiaries. The Company and its Subsidiaries require, pursuant to valid, written Contracts, any Person who receives or Processes Personal Information from or on behalf of the Company or its Subsidiaries to comply with all
applicable Privacy Laws and Company Privacy Commitments. 
 (xii) For purposes of this Agreement, the following terms have the following
meanings: 
 “Company Intellectual Property” means all Intellectual Property Rights owned or purported to be owned
by, or exclusively licensed to, the Company or any of its Subsidiaries. 
 “Company Privacy Commitments” means all
contractual obligations and publicly-facing policies of the Company or any of its Subsidiaries with respect to Personal Information, privacy or data security. 

“Company Registered IP” means all Intellectual Property Rights included in the Company Intellectual Property that are
issued by, registered with, renewed by or the subject of a pending application before any Governmental Entity or Internet domain name registrar. 

“Intellectual Property Rights” means all rights anywhere in the world in or to any of the following:
(A) trademarks, service marks, brand names, certification marks, collective marks, d/b/a’s, internet domain names, logos, symbols, trade dress, trade names, and other indicia of origin, all applications and registrations for any of the
foregoing, and all goodwill associated therewith and symbolized thereby, including all renewals of same; (B) patents, patent applications, invention disclosures, provisional patent applications and similar instruments

  
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(including any and all substitutions, divisions, continuations, continuations-in-part, reissues, renewals,
extensions, reexaminations, patents of addition, supplementary protection certificates, inventors’ certificates, or the like); (C) confidential or proprietary information, trade secrets and know-how,
including inventions and discoveries, whether patentable or not, product specifications, processes, schematics, business methods, formulae, drawings, prototypes, models, designs, customer lists and supplier lists ( “Trade
Secrets”); (D) published and unpublished works of authorship, whether copyrightable or not (including software, website and mobile content, data, databases and other compilations of information), copyrights therein and thereto, and
registrations and applications therefor, and all renewals, extensions, restorations and reversions thereof; (E) Internet domain names and URLs; and (F) all other intellectual property, industrial or proprietary rights (in each case whether
or not subject to statutory registration or protection). 
 “IT Assets” means technology devices, computers,
software, firmware, middleware, servers, workstations, networks, routers, hubs, switches, data communications lines, and all other information technology equipment, and all data stored therein or processed thereby, and all associated documentation.

 “Personal Information” means any information that (A) alone or in combination with other information held by
the Company, can be used to identify an individual person, household, device or browser, or (B) is otherwise protected under applicable Privacy Laws. 

“Privacy Laws” means all applicable Laws relating to data protection and privacy, electronic communications,
electronic marketing and information security, including the Health Insurance Portability and Accountability Act of 1996 and all implementing regulations thereof, the Health Information Technology for Economic and Clinical Health Act and all
implementing regulations thereof and state health privacy laws. 
 “Software” means any computer program,
application, microcode, firmware or software, including operating systems, software implementations of algorithms, models and methodologies, in each case, whether in source code, object code or other form or format, including libraries, subroutines
and other components thereof, and all documentation relating thereto. 
 (s) No Trade Loading; Inventory. 

(i) Since January 1, 2017, neither the Company nor any of its Subsidiaries has engaged in (A) any trade loading practices or any
other promotional sales or discount activity or other practice with the effect of accelerating sales to the trade or otherwise that would otherwise be expected (in the ordinary course of business) to occur in later periods, (B) any practice
which would have the effect of accelerating collections of receivables that would otherwise be expected (in the ordinary course of business) to be in later periods, (C) any practice which would have the effect of postponing payments by the
Company that would otherwise be expected (in the ordinary course of business) to be made in earlier periods, or (D) any promotional sales, discount activity, deferred revenue activity or inventory overstocking or understocking activity, in each
case in this clause (D) in a manner outside the ordinary course of business or contrary to generally accepted industry practices. 

  
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 (ii) Since January 1, 2017, neither the Company nor any of its Subsidiaries has sold,
transferred or otherwise moved any raw materials, packaging materials, Medical Devices or components thereof or other supplies related thereto, in each case related to the Company’s business, while and to the extent under the ownership of the
Company, whether located at any premises of the Company or elsewhere (collectively, “Inventory”) from the Company other than in the ordinary course of business. Neither the Company nor any of its Subsidiaries or distributors
currently holds, or will at any time at or prior to the Closing hold, more than one hundred eighty (180) days of Inventory. 
 (t)
Insurance. All material fire and casualty, general liability, business interruption, product liability, and sprinkler and water damage insurance policies maintained by the Company or any of its Subsidiaries (“Insurance
Policies”) are with reputable insurance carriers, provide full and adequate coverage for all normal risks incident to the business of the Company and its Subsidiaries and their respective properties and assets, and are in character and
amount at least equivalent to that carried by Persons engaged in similar businesses and subject to the same or similar perils or hazards, except for any such failures to maintain insurance policies that, individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect. Each Insurance Policy is in full force and effect and all premiums due with respect to all Insurance Policies have been paid, with only such exceptions that, individually or in the aggregate,
would not reasonably be expected to have a Material Adverse Effect. 
 (u) Brokers and Finders. Neither the Company nor any of its
officers, directors or employees has employed any broker or finder or incurred any liability for any brokerage fees, commissions or finders’ fees in connection with the Merger or the other Transactions except that the Company has engaged
William Blair as its financial advisor. The Company has made available to Parent a complete and accurate copy of all agreements pursuant to which William Blair is entitled to any fees and expenses in connection with any of the Transactions. 

5.2. Representations and Warranties of Parent and Merger Sub. Except as set forth in the forms, statements, certifications, reports and
documents filed with or furnished to the SEC prior to the date hereof by Parent pursuant to the Securities Exchange Act of 1934 or the Securities Act of 1933 (excluding, in each case, any disclosures set forth in any risk factor section or in any
other section to the extent they are forward-looking statements or cautionary, predictive or forward-looking in nature), each of Parent and Merger Sub hereby represents and warrants to the Company as of the date hereof and as of the Closing Date
that: 
 (a) Organization, Good Standing and Qualification. Each of Parent and Merger Sub is a legal entity duly organized, validly
existing and in good standing under the Laws of its respective jurisdiction of organization and has all requisite corporate or similar power and authority to own, lease and operate its properties and assets and to carry on its business as presently
conducted and is qualified to do business and is in good standing as a foreign corporation in each jurisdiction where the ownership, leasing or operation of its assets or properties or conduct of its business requires such qualification, except with
respect to its Subsidiaries where the failure to be so organized, qualified or in such good standing, or to have such power or authority, would not, individually or in the aggregate, reasonably be expected to prevent, materially delay or impair the
ability of Parent and Merger Sub to consummate the Merger and the other Transactions. 

  
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 (b) Corporate Authority. No vote of holders of capital stock of Parent is necessary
to approve this Agreement and the Merger and the other Transactions. Each of Parent and Merger Sub has all requisite corporate power and authority and has taken all corporate action necessary in order to execute, deliver and perform its obligations
under this Agreement, subject only to the adoption of this Agreement by Parent, in its capacity as the sole stockholder of Merger Sub. This Agreement has been duly executed and delivered by each of Parent and Merger Sub and is a valid and binding
agreement of each of Parent and Merger Sub enforceable against each of Parent and Merger Sub in accordance with its terms, subject to the Bankruptcy and Equity Exception. 

(c) Governmental Filings; No Violations. 

(i) Other than (A) the filings and/or notices pursuant to Section 1.3 and (B) the filing of a
notification and report form pursuant to the HSR Act (clauses (A) and (B), collectively, the “Parent Approvals”), no notices, reports or other filings are required to be made by Parent or Merger Sub with, nor are any
consents, registrations, approvals, permits or authorizations required to be obtained by Parent or Merger Sub from, any Governmental Entity in connection with the execution, delivery and performance of this Agreement by Parent and Merger Sub and the
consummation by Parent and Merger Sub of the Merger and the other Transactions, except those that the failure to make or obtain would not, individually or in the aggregate, reasonably be expected to prevent or materially delay or impair the ability
of Parent or Merger Sub to consummate the Merger and the other Transactions. 
 (ii) The execution, delivery and performance of this
Agreement by Parent and Merger Sub do not, and the consummation by Parent and Merger Sub of the Merger and the other Transactions will not, constitute or result in (A) a breach or violation of, or a default under, the certificate of
incorporation or bylaws of Parent or Merger Sub or the comparable governing instruments of any of its Subsidiaries, (B) with or without notice, lapse of time or both, a breach or violation of, a termination (or right of termination) or a
default under, the creation or acceleration of any obligations under or the creation of a Lien on any of the assets of Parent or any of its Subsidiaries pursuant to, any Contracts binding upon Parent or any of its Subsidiaries or any Laws or
governmental or non-governmental permit or license to which Parent or any of its Subsidiaries is subject; or (C) any change in the rights or obligations of any party under any of such Contracts, except,
in the case of clauses (B) or (C) above, for any breach, violation, termination, default, creation, acceleration or change that would not, individually or in the aggregate, reasonably be expected to prevent or materially delay the ability
of Parent or Merger Sub to consummate the Merger and the other Transactions. 
 (d) Available Funds. Parent and Merger Sub have
available to them, or will have available to them, as and when needed to consummate the transactions contemplated by this Agreement, all funds necessary to satisfy all of their obligations under this Agreement and to make all payments hereunder
including, without limitation, the Closing Consideration and the Earn-Out Consideration. 

  
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 (e) Capitalization of Merger Sub. The authorized capital stock of Merger Sub consists
solely of 1,000 shares of common stock, par value $0.01 per share, all of which are validly issued and outstanding. All of the issued and outstanding capital stock of Merger Sub is, and at the Effective Time will be, owned by Parent or a
direct or indirect wholly-owned Subsidiary of Parent. Merger Sub has not conducted any business prior to the date hereof and has no, and prior to the Effective Time will have no, assets, liabilities or obligations of any nature other than those
incident to its formation and pursuant to this Agreement, the Merger and the other Transactions. 
 (f) Brokers. Neither Parent nor
Merger Sub, nor any of their respective officers, directors or employees has employed any broker or finder or incurred any liability for any brokerage fees, commissions or finders’ fees in connection with the Merger or the other Transactions.

 (g) Acknowledgement by Parent. Parent has conducted to its satisfaction, an independent investigation and verification of the
financial condition, results of operations, assets, liabilities, properties and projected operations of the Company and, in making its determination to proceed with the Transactions, Parent has relied on the results of its own independent
investigation and verification and the representations and warranties, covenants and other agreements of the Company expressly and specifically set forth in this Agreement or any certificate delivered pursuant to this Agreement. Such representations
and warranties by the Company constitute the sole and exclusive representations and warranties of the Company in connection with the Transactions, and Parent understands, acknowledges and agrees that all other representations and warranties of any
kind or nature, expressed or implied, are specifically disclaimed by the Company and the Holders. 
 ARTICLE VI 

Covenants 
 6.1.
Interim Operations. 
 (a) The Company covenants and agrees as to itself and its Subsidiaries that, after the date
hereof and prior to the Effective Time (unless Parent shall otherwise approve in advance in writing (such approval not to be unreasonably withheld), and except as otherwise expressly required by this Agreement or applicable Laws), the business of
the Company and its Subsidiaries shall be conducted in the ordinary course consistent with past practice and, to the extent consistent therewith, the Company and its Subsidiaries shall use their respective commercially reasonable efforts to preserve
their business organizations intact and maintain existing relations and goodwill with Governmental Entities, customers, suppliers, distributors, creditors, lessors, Employees, sales representatives and business associates and keep available the
services of its and its Subsidiaries’ present Employees and agents. Without limiting the generality of the foregoing, and in furtherance thereof, from the date hereof until the Effective Time, except (A) as otherwise expressly required by
this Agreement or applicable Law, (B) as Parent may approve in advance in writing (such approval not to be unreasonably withheld) or (C) as set forth in Section 6.1 of the Company Disclosure Letter, the Company shall not and shall not
permit its Subsidiaries to: 
 (i) adopt or propose any change in its certificate of incorporation or bylaws or other applicable governing
instruments; 

  
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 (ii) merge or consolidate the Company or any of its Subsidiaries with any other Person, or
restructure, reorganize or completely or partially liquidate or otherwise enter into any agreements or arrangements imposing material changes or restrictions on its assets, operations or businesses; 

(iii) acquire assets outside of the ordinary course of business from any other Person, other than acquisitions pursuant to Contracts in
effect as of the date hereof; 
 (iv) issue, sell, pledge, dispose of, grant, transfer, lease, license, guarantee, encumber, or authorize
the issuance, sale, pledge, disposition, grant, transfer, lease, license, guarantee, or encumbrance of, any shares of capital stock of the Company or any of its Subsidiaries (other than the issuance of shares (A) by a wholly-owned Subsidiary of the Company to the Company or another wholly-owned Subsidiary or (B) in respect of the exercise of Company Options outstanding as of the date
of this Agreement in accordance with their terms and, as applicable, the Stock Plan as in effect as of the date of this Agreement), or securities convertible or exchangeable into, exercisable for or with a value measured by reference to any shares
of such capital stock, or any options, warrants or other rights of any kind to acquire any shares of such capital stock or such convertible or exchangeable securities; 

(v) create or incur any Lien (other than a Permitted Lien) not incurred in the ordinary course of business consistent with past practice;

 (vi) make any loans, advances, guarantees or capital contributions to or investments in any Person; 

(vii) incur any Indebtedness, or issue or sell any debt securities or warrants or other rights to acquire any debt security of the Company or
any of its Subsidiaries, except for Indebtedness that will constitute Funded Debt as of the Closing; 
 (viii) except as set forth in the
capital budgets in Section 6.1(a)(viii) of the Company Disclosure Letter and consistent therewith, make or authorize any capital expenditure; 

(ix) enter into any Contract that would have been a Material Contract had it been entered into prior to this Agreement; 

(x) make any changes with respect to accounting policies or procedures, except as required by changes in applicable generally accepted
accounting principles; 
 (xi) settle any actions, suits, claims, hearings, arbitrations, investigations or other proceedings before a
Governmental Entity for an amount in excess of $100,000 or any obligation or liability of the Company in excess of such amount; 
 (xii)
amend, modify or terminate any Material Contract, or cancel, modify or waive any material debts or claims held by it or waive any material rights; 
  

  
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 (xiii) (A) make, change, or rescind any Tax election (other than an election made on a
Tax Return filed in the ordinary course of business consistent with past practice); (B) file any amended Tax Return; (C) adopt or change any method or period of Tax accounting; (D) settle or compromise any claim, audit, assessment or
dispute relating to material Taxes; (E) surrender any material claim for a refund of Taxes; (F) enter into any closing agreement relating to Taxes; (G) file any Tax Return that is inconsistent with past practice; (H) consent to
any extension or waiver of the limitation period applicable to any Tax claim or assessment (other than pursuant to extensions of time to file Tax Returns obtained in the ordinary course of business); or (I) take any action which is reasonably
likely to result in an increase in the Tax liability of the Company or any of its Subsidiaries, or, in respect of any taxable period (or portion thereof) ending after the Closing Date, the Tax liability of the Parent or the Surviving Corporation;

 (xiv) transfer, assign, sell, lease, license, mortgage, pledge, surrender, encumber, divest, cancel, abandon or allow to lapse or expire
or otherwise dispose of any assets, licenses, operations, rights, product lines, businesses or interests therein of the Company or any of its Subsidiaries, including capital stock of any of its Subsidiaries, except for Permitted Liens or in
connection with services provided in the ordinary course of business and sales of obsolete assets and except for sales, leases, licenses or other dispositions of assets with a fair market value not in excess of $250,000 in the aggregate, other than
pursuant to Contracts in effect prior to the date hereof; provided, that with respect to Company Intellectual Property, the foregoing shall be limited to granting non-exclusive licenses in the ordinary
course of business consistent with past practice with a fair market value under the foregoing threshold; 
 (xv) assign, grant any material
right in, cancel, abandon or allow to lapse any Company Intellectual Property necessary or useful for the manufacture, use, sale, offer for sale or export of any Medical Device or that otherwise enables a third party to compete with the Company with
respect to the manufacture or sale of any product that competes with any Medical Device, in each case other than non-exclusive licenses granted to customers (solely to permit such customers’ use of the
Company’s and its Subsidiaries’ products and services), or to third-party service providers (solely for the purpose of facilitating their provision of services to or on behalf of the Company and its Subsidiaries), in each case, in the
ordinary course of business consistent with past practice; 
 (xvi) except as required pursuant to existing written, binding agreements in
effect prior to the date hereof, as set forth in Section 5.1(j)(i) of the Company Disclosure Letter, or as otherwise required by applicable Law, (A) grant or provide any severance or termination payments or benefits to any director,
officer, employees or consultants of the Company or any of its Subsidiaries, (B) increase in any manner the compensation or consulting fees, bonus, pension, welfare, fringe, severance, termination pay or other benefits of, or pay any bonus to,
any current or former director, officer, employee or consultant (who is a natural person) of the Company or any of its Subsidiaries, (C) grant any new awards, or amend or modify the terms of any outstanding awards, under any Benefit Plan,
(D) become a party to, establish, adopt, commence participation in, amend or terminate any Benefit Plan or any arrangement that would have been a Benefit Plan had it been entered into prior to this Agreement, other than termination of the
Company 401(k) Plan pursuant to Section 6.9(b), (E) take any action to accelerate the vesting, lapsing of restrictions or payment in respect of any award or benefit provided pursuant to any Benefit Plan, other than
acceleration of vesting of Company Options and Company Restricted Shares pursuant to Section 4.3, (F) fund or in any other way secure the payment of compensation or benefits under any Benefit Plan, (G) hire any
employee or engage any consultant (who is a natural person) with base compensation in excess of $75,000 annually, (H) change any actuarial or other assumptions used 

  
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to calculate funding obligations with respect to any Benefit Plan or to change the manner in which contributions to such plans are made or the basis on which such contributions are determined,
except as may be required by GAAP, (I) forgive any loans or issue any loans to any current or former directors, officers, employees or consultants (who are natural persons) of the Company or any of its Subsidiaries, or (J) terminate the
employment of any employee other than for cause; 
 (xvii) become a party to, establish, adopt, amend or commence participation in any
collective bargaining agreement or other agreement with a labor union, works council or similar organization; 
 (xviii) take any action or
omit to take any action that would reasonably be expected to result in any of the conditions to the Merger set forth in Article VII not being satisfied; 

(xix) engage in (A) any trade loading practices or any other promotional sales or discount activity or other practice with the effect of
accelerating to pre-Closing periods sales to the trade or otherwise that would otherwise be expected (in the ordinary course of business) to occur in post-Closing periods, (B) any practice which would
have the effect of accelerating collections to pre-Closing periods of receivables that would otherwise be expected (in the ordinary course of business) to occur in post-Closing periods, (C) any practice
which would have the effect of postponing to post-Closing payments by the Company that would otherwise be expected (in the ordinary course of business) to be made in pre-Closing periods, or (D) any
promotional sales, discount activity, deferred revenue activity or inventory overstocking or understocking activity, in each case in this clause (D) in a manner outside the ordinary course of business or contrary to generally accepted industry
practices; 
 (xx) sell, transfer or otherwise move any Inventory from the Company other than in the ordinary course of business or hold,
or take any action to facilitate or permit its distributors to hold, more than ninety (90) days of Inventory at any time at or prior to the Closing; 

(xxi) form one or more additional Subsidiaries; or 

(xxii) agree, authorize or commit to do any of the foregoing. 

For purposes of this Agreement, (y) “Lien” means any lien, charge, pledge, security interest, claim or other
encumbrance, and (z) “Permitted Lien” means (i) Liens for Taxes not yet due and payable or that are subject to a good faith contest if adequate reserves are maintained in accordance with GAAP, and (ii) zoning,
building, land-use and similar restrictions imposed by Governmental Entities that do not impair in any material respect to the continued conduct of the Company’s business as currently conducted. 

(b) Prior to making any written or oral communications to the directors, officers, employees or consultants of the Company or any of its
Subsidiaries pertaining to compensation or benefit matters that are affected by the Transactions, the Company shall provide Parent with a copy of the intended communication, Parent shall have a reasonable period of time to review and comment on the
communication, and Parent and the Company shall cooperate in providing any such mutually agreeable communication. 

  
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 (c) The Company shall (i) consult with Parent in connection with any proposed meeting
with the FDA or any other Governmental Entity relating to any Medical Device, (ii) promptly inform Parent of, and provide Parent with a reasonable opportunity to review, any material filing proposed to be made by or on behalf of the Company or
any of its Subsidiaries, and any material correspondence or other material communication proposed to be submitted or otherwise transmitted to the FDA or any other Governmental Entity by or on behalf of the Company or any of its Subsidiaries,
(iii) keep Parent promptly informed of (A) any communication (written or oral) with or from the FDA or any other Governmental Entity and (B) any material communications (written or oral) received from any Person relating to any
material Company Intellectual Property, (iv) promptly inform Parent and provide Parent or Merger Sub with a reasonable opportunity (but no more than three (3) business days) to comment, in each case, prior to making any material change to
any study protocol, adding any new trial, making any material change to a manufacturing plan or process, making any material change to a development timeline or initiating, or making any material change to, promotional or marketing materials or
activities relating to any Medical Device, and (v) cooperate with, and provide reasonable access to, Parent’s representative for purposes of reviewing and assessing the Company’s compliance with any and all relevant Laws, compliance
programs, and procedures, and give due consideration to any resulting recommendations provided by Parent’s representative. 
 (d) The
Company shall use reasonable best efforts through the Closing Date to obtain any and all agreements, in duly executed form, necessary to effect the assignment to the Company or any of its Subsidiaries of any Intellectual Property Rights arising from
services performed for the Company or such Subsidiary by all Employees, officers, directors, consultants and independent contractors of the Company or any of its Subsidiaries who have contributed to the creation or development of any material
Intellectual Property Rights for or on behalf of the Company or any of its Subsidiaries, to the extent any such agreements have not been executed prior to the date of this Agreement. Without limiting the foregoing, the Company shall use reasonable
best efforts through the Closing Date to take the actions described on Section 6.1(d) of the Company Disclosure Letter. 
 (e)
Notwithstanding the foregoing, nothing contained in this Agreement shall give Parent or Merger Sub, directly or indirectly, the right to control or direct the operations of the Company prior to the Effective Time. Prior to the Effective Time, the
Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its operations, finances and employees. 

6.2. No Solicitation or Negotiation of Alternative Proposals. 

(a) The Company agrees that neither it nor any of its Subsidiaries shall, and that none of its or its Subsidiaries’ directors, officers,
Employees, investment bankers, attorneys, accountants and other advisors or representatives (such persons, other than the Holder Representative, collectively, “Representatives”) shall, directly or indirectly:
(i) initiate, solicit or knowingly encourage any inquiries or the making of any proposal or offer that constitutes, or could reasonably be expected to lead to, any Acquisition Proposal; (ii) engage in, continue or otherwise participate in
any discussions or negotiations regarding, or provide any non-public information or data to any Person relating to, any Acquisition Proposal; (iii) agree to, approve, endorse, recommend or consummate any
Acquisition Proposal; (iv) enter into any letter of intent, 

  
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memorandum of understanding, agreement in principle, merger agreement, acquisition agreement or other agreement relating to an Acquisition Proposal; or (v) otherwise knowingly facilitate any
effort or attempt to make an Acquisition Proposal. For purposes of this Agreement, “Acquisition Proposal” means (i) any proposal or offer with respect to a merger, joint venture, partnership, consolidation, dissolution,
liquidation, tender offer, recapitalization, reorganization, share exchange, business combination or similar transaction involving the Company or any of its Subsidiaries pursuant to which the Holders immediately preceding such transaction would
hold, directly or indirectly, less than eighty percent (80%) of the equity interests in the surviving or resulting entity of such transaction and (ii) any acquisition by any Person resulting in, or proposal or offer, which if consummated would
result in, any Person becoming the beneficial owner of, directly or indirectly, in one or a series of related transactions, twenty percent (20%) or more of the total voting power or of any class of equity securities of the Company, or twenty percent
(20%) or more of the consolidated total assets (including equity securities and assets of its Subsidiaries) of the Company, in each case other than the transactions contemplated by this Agreement. 

(b) No Change in Recommendation. Except to the extent required by the directors’ fiduciary duties prior to the time written
consents constituting the Requisite Stockholder Approval have been delivered to Parent, the Company Board and each committee of the board shall not withhold, withdraw, qualify or modify (or propose or resolve to withhold, withdraw, qualify or
modify), in a manner adverse to Parent, the Company Recommendation. 
 (c) Existing Discussions. The Company agrees that it will
immediately cease and cause to be terminated any existing activities, discussions or negotiations with any parties conducted heretofore with respect to any Acquisition Proposal or any fundraising effort, including exploration of or preparation for
an initial public offering. The Company also agrees that it will promptly after announcement of this Agreement request each Person that has heretofore executed a confidentiality agreement in connection with its consideration of an existing
Acquisition Proposal or any fundraising effort to return or destroy all confidential information heretofore furnished to such Person by or on behalf of the Company. 

(d) Notice. The Company agrees that it will promptly (and, in any event, within twenty-four
(24) hours) notify Parent if any inquiries, proposals or offers with respect to an Acquisition Proposal are received by, or any such information is requested from, or any such discussions or negotiation are sought to be initiated or continued
with, it or any of its Representatives indicating, in connection with such notice, the material financial terms and conditions of any proposals or offers (including, if applicable, copies of any written requests, proposals or offers, including
proposed agreements) and thereafter shall keep Parent informed, on a current basis, of the status and material financial terms of any such proposals or offers (including any amendments thereto) and the status of any such discussions or negotiations,
including any change in the Company’s intentions as previously notified. 
 6.3. Requisite Stockholder Approval. In accordance
with applicable Laws, including Section 228, Section 251(c) and Section 262 of the DGCL, and the Company’s Organizational Documents, immediately following the execution of this Agreement, the Company shall seek and shall use its
best efforts to obtain as promptly as practicable, and in any event, within the forty-eight (48) hours following the execution and delivery of this Agreement by the parties hereto (the “Stockholder Consent Delivery
Period”), a written consent in the form attached to this 

  
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Agreement as Exhibit 3 from stockholders of the Company holding the number of Shares sufficient to satisfy the Requisite Stockholder Approval in lieu of a meeting pursuant to
Section 228 of the DGCL (such written consent, as duly executed and delivered by such holders, the “Stockholder Written Consent”) for the purposes of adopting this Agreement and acknowledging that the adoption is
irrevocable and results in the waiver of any right of such stockholders to demand appraisal in connection with the Merger pursuant to Section 262 of the DGCL. As promptly as practicable and, in any event, prior to the expiration of the
Stockholder Consent Delivery Period, if the Stockholder Written Consent is duly executed and delivered to the Company, the Company shall deliver to Parent a copy thereof (including by facsimile or other electronic image scan transmission), certified
as correct and complete by an executive officer of the Company. 
 6.4. Certificate of Incorporation Amendment. In accordance with
applicable Laws, including Section 242 of the DGCL, and the Company’s Organizational Documents, immediately following the execution of this Agreement, the Company shall seek and shall use its best efforts to obtain as promptly as
practicable, and in any event with seven (7) days following the execution and delivery of this Agreement by the parties hereto, a written consent from stockholders of the Company holding the number of Shares sufficient to approve an amendment
to the Company’s certification of incorporation in the form set forth in Schedule 6.4 (the “Charter Amendment”), and promptly thereafter, but in any event prior to the Closing, cause such Charter Amendment to be filed
with the Secretary of State of the State of Delaware as provided in Section 242 of the DGCL. 
 6.5. Additional Stockholder
Consents. After the date of this Agreement and prior to the Effective Time, the Company shall use its best efforts to have written consents, to the extent not executed and delivered during the Stockholder Consent Delivery Period, executed
and delivered by all remaining Holders such that, together with the Requisite Stockholder Approval, all Holders shall have executed and delivered written consents prior to the Closing Date ratifying the adoption of this Agreement, validly waiving
all appraisal rights under the DGCL and any other applicable Laws, and duly adopting the Charter Amendment. 
 6.6. Information
Statement; Stockholders Meeting. 
 (a) Information Statement. As soon as reasonably practicable, and in any event no
later than ten (10) calendar days following the date on which the Requisite Stockholder Approval is obtained by the due execution and delivery of the Stockholder Written Consent, the Company shall prepare, subject to the review, comment and
approval of Parent, and deliver to its stockholders an information statement related to the Stockholder Written Consent and the Merger consistent with the applicable provisions of the DGCL and its certificate of incorporation (including any
amendments or supplements thereto, the “Information Statement”). The Information Statement shall contain the notices of action by written consent required by Section 228(e) of the DGCL and of availability of appraisal
rights and related disclosure required by Section 262 of the DGCL. The Company agrees that none of the information it includes in the Information Statement will, at the date of delivery to stockholders of the Company or at the time of the
Stockholders Meeting, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made,
not misleading. 

  
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 (b) Stockholders Meeting. In the event that the Stockholder Written Consent is not
obtained and Parent has not terminated this Agreement pursuant to Section 8.4(a), then as soon as reasonably practicable following the expiration of the Stockholder Consent Delivery Period, the Company shall take, in
accordance with applicable Laws and its certificate of incorporation and bylaws, all reasonable action necessary to duly call, give notice of, convene and hold a meeting of its stockholders for the purpose of adopting this Agreement (the
“Stockholders Meeting”) and shall use its best efforts to obtain the Requisite Stockholder Approval at the Stockholders Meeting. 

6.7. Filings; Other Actions; Notification. 

(a) Cooperation. Subject to the terms and conditions set forth in this Agreement, the Company and Parent shall cooperate with each
other and use (and shall cause their respective Subsidiaries to use) their respective reasonable best efforts to take or cause to be taken all actions, and do or cause to be done all things, reasonably necessary, proper or advisable on their
respective parts under this Agreement and applicable Laws to consummate and make effective the Merger and the other Transactions as soon as practicable, including preparing and filing as promptly as practicable (and, with respect to the notification
and report form required pursuant to the HSR Act, within ten (10) calendar days of the date of this Agreement) all documentation to effect all necessary notices, reports and other filings and to obtain as promptly as practicable all consents,
registrations, approvals, permits and authorizations necessary or advisable to be obtained from any third party and/or any Governmental Entity in order to consummate the Merger or any of the other Transactions; provided, however, that
nothing in this Agreement shall require, or be construed to require, Parent or any of its affiliates to take any other action under this Section 6.7 if the DOJ or the United States Federal Trade Commission authorizes its
staff to seek a preliminary injunction or restraining order to enjoin consummation of the Merger. Subject to applicable Laws relating to the exchange of information, Parent shall have the right to direct all matters with any Governmental Entity
consistent with its obligations hereunder; provided that Parent and the Company shall have the right to review in advance, and to the extent practicable, each shall consult with the other on and consider in good faith the views of the other
in connection with, all of the information relating to Parent or the Company, as the case may be, and any of their respective Subsidiaries, that appears in any filing made with, or written materials submitted to, any third party and/or any
Governmental Entity in connection with the Merger and the other Transactions. In exercising the foregoing rights, each of the Company and Parent shall act reasonably and as promptly as practicable. Parent shall pay all filing fees under the HSR Act
in connection with the Transactions. 
 (b) Information. The Company and Parent each shall, upon request by the other, furnish the
other with all information concerning itself, its Subsidiaries, directors, officers and stockholders and such other matters as may be reasonably necessary or advisable in connection with the Information Statement or any other statement, filing,
notice or application made by or on behalf of Parent, the Company or any of their respective Subsidiaries to any third party and/or any Governmental Entity in connection with the Merger and the other Transactions. 

 

  
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 (c) Status. Subject to applicable Laws and as required by any Governmental Entity,
the Company and Parent each shall keep the other apprised of the status of matters relating to completion of the Transactions, including promptly furnishing the other with copies of notices or other communications received by Parent or the Company,
as the case may be, or any of their respective Subsidiaries, from any third party and/or any Governmental Entity with respect to the Merger and the other Transactions. The Company and Parent shall each give prompt notice to the other of any change,
fact or condition that is reasonably expected to result in a Material Adverse Effect or of any failure of any condition to their respective obligations to effect the Merger. Neither the Company nor Parent shall permit any of its officers or any
other Representatives or agents to participate in any meeting with any Governmental Entity in respect of any filings, investigation or other inquiry relating to the Merger and the other Transactions unless it consults with the other party in advance
and, to the extent permitted by such Governmental Entity, gives the other party the opportunity to attend and participate thereat. 
 (d)
Limitations on Parent Actions. Notwithstanding anything to the contrary contained in this Agreement, the parties hereby agree and acknowledge that neither this Section 6.7 nor the “reasonable best efforts”
standard shall require, or be construed to require, other than as set forth in the proviso below, Parent or the Company or any of their respective Subsidiaries or other Affiliates to (A) (1) sell, lease, license, transfer, dispose of, divest or
otherwise encumber, or hold separate pending any such action, or (2) propose, negotiate or offer to effect, or consent or commit to, any such sale, leasing, licensing, transfer, disposal, divestiture or other encumbrance, or holding separate,
before or after the Effective Time, of any assets, licenses, operations, rights, product lines, businesses or interest therein of Parent, the Company or the Surviving Corporation (or any of their respective Subsidiaries or other Affiliates), or
(B) take or agree to take any other action or agree or consent to any limitations or restrictions on freedom of actions with respect to, or its ability to retain, or make changes in, any such assets, licenses, operations, rights, product lines,
businesses or interest therein of Parent, the Company or the Surviving Corporation (or any of their respective Subsidiaries or other Affiliates), except, in each case as would not be reasonably likely, individually or in the aggregate, to have a
material adverse effect on the projected revenues of the Company in any year from and after the Closing; provided, however, that Parent can compel the Company to take any of the actions referred to above (or agree to take such actions)
if such actions are only effective after the Effective Time. 
 6.8. Access and Reports. Subject to applicable Law, upon reasonable
notice, the Company shall (and shall cause its Subsidiaries to) afford Parent’s officers and other authorized Representatives reasonable access, during normal business hours throughout the period prior to the Effective Time, to its Employees,
properties, assets, books, contracts, Tax Returns and records and, during such period, the Company shall (and shall cause its Subsidiaries to) furnish promptly to Parent all information concerning its business, properties, finances, operations,
assets, litigation matters, environmental compliance, cash-flow reports and personnel as may reasonably be requested; provided that no investigation pursuant to this Section 6.8 shall affect or be deemed to modify
any representation or warranty made by the Company herein or the conditions to the obligations of the parties hereto under this Agreement; and provided, further, that the foregoing shall not require the Company to (a) permit any
inspection, or to disclose any information, that in the reasonable judgment of the Company (after consultation with its outside legal counsel) would result in the disclosure of any trade secrets of third parties or violate any of its obligations
with respect to confidentiality if the Company shall have used reasonable best efforts to obtain the consent of such third party to such inspection or disclosure or (b) disclose any privileged information of the Company or any of its
Subsidiaries. All requests for information made pursuant to this Section 6.8 shall be directed to the executive officer or other Person designated by the Company. All such information shall be governed by the terms of the
Confidentiality Agreement. 

  
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 6.9. Publicity. Each of the Company and Parent shall consult with the other prior to
issuing any press releases or otherwise making public announcements with respect to the Merger and the other Transactions and prior to making any filings with any third party and/or any Governmental Entity (including any national securities
exchange) with respect thereto, except (a) in any case in which the management of any such party hereto shall have determined in good faith (after consultation with its outside legal counsel) that such disclosure is required by applicable Law
or by obligations pursuant to any listing agreement with or rules of any national securities exchange or by the request of any Governmental Entity or (b) in any case in which such disclosure is made in connection with any dispute between the
parties hereto regarding this Agreement, the Merger or the Transactions. 
 6.10. Employee Benefits. 

(a) Parent agrees that, during the period commencing at the Effective Time and continuing through the end of the calendar year in which the
Closing occurs, the Employees of the Company and its Subsidiaries will continue to be provided (i) a base salary or hourly wage and annual incentive compensation opportunities that are each no less favorable than the base salary or hourly wage
and annual incentive compensation that are generally made available to similarly situated employees of Parent or its Subsidiaries (other than the Company and its Subsidiaries), and (ii) “employee welfare benefits” (within the meaning of
Section 3(1) of ERISA) and “employee pension benefits” (within the meaning of Section 3(2) of ERISA) (excluding, in each case, equity awards and long-term incentive compensation) that are substantially comparable in the aggregate
to the employee welfare benefits and employee pension benefits that are generally made available to similarly situated employees of Parent or its Subsidiaries (other than the Company and its Subsidiaries); provided, that Parent will be deemed
to be in compliance with this clause (ii) during any period Parent allows Employees of the Company and its Subsidiaries to continue participating in the Company’s welfare benefit plans and employee pension benefit plans in existence
immediately prior to the Closing. 
 (b) Immediately prior to the Effective Time, if requested by Parent in writing no fewer than fifteen
(15) days prior to the Closing Date, to the extent permitted by applicable Law and the terms of the applicable plan or arrangement, the Company shall (i) cause to be amended the employee benefit plans and arrangements of the Company and
its Subsidiaries to the extent necessary to provide that no employees of Parent and its Subsidiaries shall commence participation therein following the Effective Time unless the Surviving Corporation or such Subsidiary explicitly authorizes such
participation and (ii) cause the Company’s In2Bones USA LLC 401(K) Profit Sharing Plan and Trust (the “Company 401(k) Plan”) to be terminated, effective immediately prior to the Effective Time. In the event that
Parent requests that the Company 401(k) Plan be terminated, the Company shall provide Parent with evidence that the Company 401(k) Plan will be terminated, effective immediately prior to the Effective Time, pursuant to resolution of the Company
Board (the form and substance of which shall be subject to review and approval by Parent at least three (3) business days prior to the Effective Time) not later than the day immediately preceding the Effective Time. 

  
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 (c) (i) At least five (5) business days prior to the Closing Date, the Company
shall submit for approval by its stockholders, in conformance with Section 280G of the Code and the regulations thereunder (the “280G Stockholder Vote”), any payments that could constitute a “parachute payment”
pursuant to Section 280G of the Code (each, a “Parachute Payment”), (ii) at least seven (7) business days prior to the Closing Date, the right to any Parachute Payment shall have been irrevocably waived by each
of the applicable “disqualified individuals” (as defined under Section 280G of the Code and the regulations promulgated thereunder) and (iii) the Company shall have delivered to Parent true and complete copies of all disclosures
and documents that comprise the stockholder approval of each Parachute Payment in sufficient time to allow Parent to comment thereon but no less than five (5) business days prior to the 280G Stockholder Vote, and shall reflect all reasonable
comments of Parent thereon. To the extent any disqualified individual fails to waive any Parachute Payments or the Company fails to perform a proper 280G Stockholder Vote with respect to any disqualified individual, despite the Company’s
reasonable efforts to obtain such waiver or 280G Stockholder Vote, as applicable, then (i) such failure shall not, by itself, constitute a breach of this Section 6.9(c) and (ii) the value of any otherwise
available U.S. federal Tax deduction associated with Parachute Payments made by Parent, the Surviving Corporation or any of their affiliates on or following the Closing Date and lost pursuant to Section 280G of the Code shall be treated as
Transaction Expenses. 
 (d) If the Closing Date occurs prior to the Company’s payment of 2022 annual incentive compensation, Parent
agrees to pay to the Employees of the Company and its Subsidiaries, in the aggregate, annual incentive compensation in respect of 2022 at least equal to the 2022 Pro Rata Bonus Amount, which shall be paid on Parent’s regularly scheduled annual
incentive payment date in 2023 and no later than March 15, 2023 (subject to the Employee’s continued employment through such date) and will apply towards satisfying Parent’s obligations under
Section 6.9(a)(i). For purposes of the foregoing, “2022 Pro Rata Bonus Amount” means the aggregate amount accrued by the Company in respect of incentive compensation for the period from
January 1, 2022 through the Closing Date, or if earlier, December 31, 2022. For the avoidance of doubt, if the Closing occurs in 2023 and bonuses in respect of 2022 have been paid in full, the 2022 Pro Rata Bonus Amount will be equal to
$0. 
 (e) The Company agrees to cause each of its officers and directors to repay any outstanding loans or notes to the Company or any of
its Subsidiaries prior to the Effective Time. 
 (f) Prior to making any written or oral communications to the directors, officers or
employees of the Company pertaining to compensation or benefit matters that are affected by the transactions contemplated by this Agreement, the Company shall provide Parent with a copy of the intended communication, Parent shall have a reasonable
period of time to review and comment on the communication, and the Company shall consider any such comments in good faith. 
 (g) Nothing
contained in this Agreement is intended to (i) be treated as an amendment of any particular Benefit Plan (other than Section 6.10(b)), (ii) create any third-party beneficiary rights in any employee of the Company or
any of its Subsidiaries, or any beneficiary or dependent thereof, with respect to the compensation, terms and conditions of employment and/or benefits that may be provided to any continuing employee by Parent, the Surviving Corporation or any of
their affiliates or under any benefit plan which Parent, the Surviving Corporation or any of their affiliates may maintain or (iii) prevent Parent, the Surviving Corporation or any of their affiliates from (A) amending or terminating any
particular benefit plan in accordance with its terms or (B) terminating the employment of any particular employee. 

  
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 6.11. Insurance. 

(a) D&O Insurance. Prior to the Effective Time, the Company shall obtain “tail” insurance policies (providing coverage
for Indemnified Parties at least equal to coverage currently provided in the Company’s policies) with a claims period of at least six (6) years from and after the Effective Time from an insurance carrier with the same or better credit
rating as the Company’s current insurance carrier with respect to directors’ and officers’ liability insurance and fiduciary liability insurance (collectively, “D&O Insurance”) with benefits and levels of
coverage at least as favorable as the Company’s existing policies with respect to matters existing or occurring at or prior to the Effective Time (including in connection with this Agreement or the Transactions); provided,
however, that the premium under such D&O Insurance shall not exceed three hundred percent (300%) of the amount per annum the Company paid in its last full fiscal year for D&O Insurance, which amount is set forth in
Section 6.11(a) of the Company Disclosure Letter. Parent agrees that all rights to indemnification or exculpation now existing in favor of the directors and officers of the Company (collectively, “D&O Indemnified
Persons”), as provided in the Company’s Organizational Documents in effect as of the date hereof, shall survive the Closing and shall continue in full force and effect until the date that is the sixth (6th) anniversary of the Closing Date, and that Parent shall, and shall cause the Surviving Corporation to, perform and discharge the Company’s obligations to provide such indemnity and exculpation
after the Closing. To the maximum extent permitted by applicable Law, such indemnification shall be mandatory rather than permissive, and Parent and/or the Company shall advance expenses in connection with such indemnification as provided in the
Company’s Organizational Documents, in each case, on the terms in such Organizational Documents as of the date hereof. The indemnification and liability limitation or exculpation provisions of the Company’s Organizational Documents shall
not be amended, repealed, or otherwise modified after the Effective Time in any manner that would adversely affect the rights thereunder of individuals who, as of the Closing Date or at any time prior to the Closing Date, were D&O Indemnified
Persons, unless such modification is required under applicable Law. 
 (b) Product Liability Insurance. Prior to the Effective Time,
the Company shall obtain a product liability “tail” insurance policy (the “Products Liability Insurance”) from an insurance carrier with the same or better credit rating as the Company’s current insurance, and
with benefits and levels of coverage at least as favorable as the Company’s policies, with respect to all products manufactured or distributed by the Company prior to the Closing. 

6.12. Takeover Statutes. If any Takeover Statute is or may become applicable to the Merger or the other Transactions, the Company and
the Company Board shall grant such approvals and take such actions as are necessary so that such Transactions may be consummated as promptly as practicable on the terms contemplated by this Agreement and otherwise act to eliminate or minimize the
effects of such statute or regulation on such Transactions. 

  
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 6.13. Litigation. Each party hereto shall promptly provide the other parties hereto
with prompt notice of, and copies of all pleadings and correspondence relating to, any civil, criminal or administrative actions, suits, claims, hearings, arbitrations, investigations or other proceedings against any such party hereto or any of its
directors or officers arising out of or relating to this Agreement or the Transactions (a “Transaction Proceeding”). The Company shall give Parent the opportunity to participate in the defense, settlement, or compromise of
any such Transaction Proceeding against the Company or any of its directors or officers, and no such settlement or compromise shall be agreed to without the prior written consent of Parent. 

6.14. Financing Matters. 

(a) Company Indebtedness. At the Closing, Parent and the Company shall effect the indefeasible payment in full in cash of all of the
Funded Debt. 
 (b) Parent Financing. From the date of this Agreement to the earlier of (i) the Closing Date and (ii) the
date this Agreement is terminated in accordance with its terms, (A) the Company shall provide to Parent (x) unaudited consolidated quarterly financial statements of the Company and its Subsidiaries within fifty (50) calendar days
after the end of each fiscal quarter of the Company (including the fiscal quarter of the Company ended on March 31, 2022), and (y) audited consolidated annual financial statements of the Company and its Subsidiaries within sixty
(60) calendar days after the end of each fiscal year of the Company, and (B) the Company shall use its reasonable best efforts, and shall cause its Subsidiaries and their respective officers, employees and advisors to use their reasonable
best efforts, to (t) provide such reasonable and customary cooperation and information as may be reasonably requested by Parent in connection with obtaining any financing in connection with consummating the Merger and the other Transactions,
including (1) any financial or business information reasonably necessary to assist Parent in preparing pro forma financial statements or otherwise of the type and form required to be included in a disclosure document for a registered securities
offering and (2) any supplemental, amended or updated information or data necessary in order to ensure that any of the foregoing does not contain any untrue statement of material fact or omit to state any material fact necessary in order to
make the statements contained therein not misleading; provided, that reference to “the foregoing” in this clause (2) applies only to that information provided by the Company to the Parent pursuant to the foregoing clauses
(A) and (B)(t)((1) of this Section 6.13(b); provided, further, that the Company shall have no liability to any third parties with respect to any document or other information prepared by Parent or provided by Parent to third
parties which does not contain Company information or contains or is based upon Company information that differs from the relevant information provided by the Company; provided, however, that the Company shall not be relieved of any
liability to Parent for the accuracy and completeness of any Company information provided to Parent, (u) cause appropriate members of the Company’s management team to participate in meetings, lender presentations, road show presentations,
due diligence sessions, drafting sessions, calls and meetings with prospective lenders and ratings agencies, in each case, upon reasonable notice at mutually agreed times and places, and cooperating with prospective lenders, placement agents,
initial purchasers, underwriters and their respective advisors in performing their due diligence, (v) assist Parent in the preparation of customary materials for rating agency presentations, confidential information memoranda, offering
memoranda, private placement memoranda, prospectuses and similar documents reasonably necessary in connection with any financing, (w) provide customary authorization and representation letters and using commercially reasonable efforts to cause
the Company’s accountants to provide customary accountants’ comfort letters (including “negative assurance” comfort) and consents to the use of accountants’ audit 

  
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reports relating to the Company and its Subsidiaries in connection with the Company’s financial information and to participate in due diligence sessions, (x) assist Parent in the
preparation of any certificates and schedules related to any financing and in facilitating the pledging of collateral contemplated by any financing, (y) provide at least five (5) business days prior to the Closing Date all documentation
and other information customarily required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and 31 C.F.R. 1010.230, relating to the Company
and its Subsidiaries, and (z) obtain customary payoff letters, Lien terminations and instruments of discharge to be delivered on the Closing Date to allow for the payoff, discharge and termination in full on the Closing Date of any debt of the
Company or any of its Subsidiaries that Parent desires to payoff, discharge and terminate on the Closing Date or that is otherwise subject to mandatory prepayment (howsoever described) as a result of the consummation of the Merger or the other
Transactions. For the avoidance of doubt, the obligations of Parent and Merger Sub to consummate the Merger and the other Transactions are not contingent on Parent obtaining any equity or debt financing. 

6.15. Tax Matters. 
 (a)
Post-Closing Actions. Without the prior written consent of the Holder Representative (which consent shall not be unreasonably withheld, conditioned or delayed), neither Parent, the Surviving Corporation, nor any Subsidiary thereof shall
(a) file, amend or cause to be amended, any Tax Return for any Pre-Closing Tax Period for any of the Surviving Corporation, the Company or its subsidiaries (other than in accordance with
Section 6.14(c)), (b) make or change any election with respect to, or that has retroactive effect to any Pre-Closing Tax Period for any of the Surviving Corporation, the Company or
its Subsidiaries, or (c) enter into any voluntary disclosure agreement or similar agreement or procedure with regard to any Tax or Tax Return of any of the Surviving Corporation, the Company or its Subsidiaries for any Pre-Closing Tax Period, in each case, to the extent that such amendment or election or approach would reasonably be expected to result in any Holder Taxes. 

(b) Tax Refunds. The Holders shall be entitled to any refunds of any Holder Taxes (excluding (i) any refund attributable to a
carryback from a taxable period (or portion thereof) beginning after the Closing Date and (ii) any refund actually taken into account in Funded Debt or Closing Net Working Capital) (“Tax Refund”); provided,
however, that the amount of such Tax Refund shall be net of any related expenses incurred in connection with the preparation and filing of any Tax Return giving rise to such Tax Refund and any increases in Taxes (including as the result of
any reduction in Tax attributes) of the Company or any of its Subsidiaries as a result of such Tax Refund. The amount of any Tax Refund shall be determined by Parent in its sole discretion exercised in good faith. For the avoidance of doubt, in the
event that Parent or the Surviving Corporation is required to repay such Tax Refund to the relevant taxing authority, the Holders shall repay to Parent or the Surviving Corporation, as applicable, the amount paid over pursuant to this paragraph as a
Holder Tax (plus any penalties, interest or other charges imposed by the relevant Governmental Entity). This paragraph shall not be construed to require Parent or the Surviving Corporation or any of their affiliates to make available their Tax
returns (or any other information relating to its Taxes that they deem confidential) to the Holders or any other person. 

  
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 The parties hereto agree to treat all payments made pursuant to this
Section 6.14(b) as adjustments to the purchase price (as determined for Tax purposes) for all Tax purposes and that such treatment shall govern for purposes hereof, except to the extent applicable Law provides otherwise.

 (c) Tax Returns. 

(i) The Company shall prepare and timely file (including extensions) all Tax Returns of the Company and its Subsidiaries that are required to
be filed on or before the Closing Date, and such Tax Returns shall be prepared consistent with the past practice of the Company and its Subsidiaries unless otherwise required by applicable Law. The Company shall timely pay or shall cause to be
timely paid any and all Taxes due with respect to such Tax Returns. Company shall provide the Parent a reasonable opportunity to review any Tax Returns which the Company and its Subsidiaries file on or before the Closing Date and shall consider in
good faith any reasonable written comments received from Parent with respect to such Tax Returns. 
 (ii) Parent or the Surviving
Corporation shall file, or cause to be filed, when due all Tax Returns of the Company and its Subsidiaries that are required to be filed after the Closing Date; provided, however, that Parent or the Surviving Corporation, as
applicable, shall provide the Holder Representative a reasonable opportunity to review any Tax Returns that reflect any Holder Taxes, and Parent and the Surviving Corporation shall unreasonably fail to incorporate any reasonable comments timely
provided by the Holder Representative. 
 (d) Contest Provisions. 

(i) Parent shall notify the Holder Representative in writing within ten (10) business days of receipt by Parent, the Surviving
Corporation or their respective Subsidiaries of notice of any pending or threatened Tax audits or assessments which may affect the Tax liabilities of the Surviving Corporation or its Subsidiaries that are Holder Taxes (“Tax
Contest”); provided, however, that Parent’s failure to comply with such notice requirement shall not affect Parent’s right to indemnification if Holder Representative’s ability to contest such liability is
not materially adversely affected. 
 (ii) The Holder Representative shall have the right, at its election and expense, to control any Tax
Contest related solely to Holder Taxes; provided, however, that (A) Parent shall have the right at its own expense, directly or through its designated representatives, to participate fully in such Tax Contest, including to review
in advance and comment upon submissions made in the course of such Tax Contest and to attend any in-person or telephonic meetings and (B) Parent’s consent (not to be unreasonably withheld,
conditioned or delayed) shall be required for any settlement by the Holder Representative that could affect the Tax liability of Parent, the Company or any of its Subsidiaries in any taxable period to the extent such Tax liability would not be a
Holder Tax. With respect to all Tax Contests that the Holder Representative does not elect to control pursuant to the immediately preceding sentence and all other proceedings with respect to Taxes, Parent shall have the sole responsibility for, and
shall control, such Tax Contest or proceedings; provided, however, that the Holder Representative’s consent (not to be unreasonably withheld, conditioned, or delayed) shall be required for any settlement that could affect the
liability of the Holders or an amount payable to the Holders under this Agreement. These procedures, and not the procedures set forth in this Section 9.2(d), shall apply to any audits, examinations, proposed adjustments or
other type of controversy involving any Tax matters. 

  
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 (e) Survival of Obligations. Notwithstanding anything in this Agreement to the
contrary, the provisions of this Section 6.15 shall survive for the full period of all applicable statutes of limitations (giving effect to any waiver, mitigation or extension thereof). 

For purposes of this Agreement, (x) the term “Holder Taxes” shall mean (1) any and all Taxes (including any
Taxes the payment of which has been deferred) imposed on or with respect to the Company or any of its Subsidiaries, or for which the Company or any of its Subsidiaries may otherwise be liable, for any
Pre-Closing Tax Period, (2) any and all Taxes of any other Person for which the Company or any of its Subsidiaries is or has been liable as a transferee or successor, (3) any obligation or other
liability of the Company or any of its Subsidiaries to indemnify any other Person in respect of or relating to Taxes or for any amounts calculated by reference to Taxes or to pay an amount pursuant to any Tax sharing or Tax allocation agreement
(other than any such (i) commercial, financing, leasing or employment Contract or arrangement entered into in the ordinary course of business consistent with past practice, the primary subject matter of which is not Taxes or (ii) agreement
solely among the Company and its Subsidiaries) entered into prior to the Closing Date, (4) any Taxes of the Holders, or any other direct or indirect beneficial owner of the Company’s securities, for any taxable period, (5) any
Transfer Taxes for which the Holders are liable under this Agreement, and (6) any and all Taxes of any member of any consolidated, combined or unitary group of which the Company or any of its Subsidiaries (or any predecessor of each such
entity) was a member prior to the Closing by reason of Treasury Regulations Section 1.1502-6(a) or any analogous or similar foreign, state or local Law. In the case of any Taxes that are imposed on or
with respect to income, gains, receipts, sales or payments and are payable for a Straddle Period, the portion of such Taxes related to the Pre-Closing Tax Period shall be deemed equal to the amount which would
be payable if the relevant Tax period ended on and included the Closing Date (and for such purpose, the Taxable period of any partnership or other pass-through entity or
non-U.S. entity in which the Company holds a beneficial interest shall be deemed to terminate at such time), provided that (except as contemplated by this agreement) any transactions after the Closing on the
Closing Date and outside the ordinary course of business shall not be taken into account in the Pre-Closing Tax Period. In the case of any other Taxes for a Straddle Period, the portion of such Taxes related
to the Pre-Closing Tax Period shall be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction, the numerator of which is the number of days in the taxable period prior to
and including the Closing Date and the denominator of which is the number of days in such Straddle Period; (y) the term “Pre-Closing Tax Period” shall mean any taxable year or
other taxable period (or portion thereof) ending on or before the Closing Date; and (z) the term “Straddle Period” shall mean any taxable period that begins on or before and ends after the Closing Date. 

(a) Transfer Taxes. Notwithstanding anything herein to the contrary, all transfer, documentary, sales, use, stamp, registration and
other such Taxes and fees (including penalties and interest) incurred in connection with the Merger and the other Transactions (“Transfer Taxes”) shall be borne equally by Parent, on one hand, and the Holders, on the other
hand. Such Transfer Taxes shall be paid by the party legally responsible to pay such Taxes (with the other party paying the party that is legally responsible to pay the tax its share of such Tax at least five (5) business days before the Tax
payment due date). The Holder Representative shall arrange payment of all Transfer Taxes for which the Holders are liable pursuant to this Section 6.15(e). The parties agree to cooperate in the filing of any returns with
respect to Transfer Taxes, including by promptly supplying any information in a party’s possession that is reasonably necessary to complete such returns. 

  
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 6.16. Third-Party Consents. The Company shall use commercially reasonable efforts to
obtain prior to the Closing, and deliver to Parent at or prior to the Closing, all consents, waivers and approvals (i) under each Contract listed or described in Schedule 6.16 hereto or (ii) requested by Parent or
identified by the Company prior to the Closing. 
 6.17. RWI Policy. Parent and the Company shall cooperate with each other and use
(and shall cause their respective Subsidiaries to use, as applicable) their respective commercially reasonable efforts to obtain a representations and warranties insurance policy (an “RWI Policy”) for Parent and to have such
RWI Policy issued and in full force and effect prior to or upon Closing. The Company and its Subsidiaries and their respective Affiliates shall, and shall direct their representatives to, cooperate and promptly provide the insurer under the RWI
Policy and its attorneys with access to all information reasonably requested during normal business hours to complete the due diligence process with respect to the RWI Policy. There shall be no limitation set forth in this Agreement or otherwise on
survival claims for fraud. For the avoidance of doubt and notwithstanding the foregoing, the limitations on survival set forth in this Section 6.17 shall not control with respect to the RWI Policy, which contains
limitations on survival periods that shall control for purposes thereunder. 
 6.18. Confidentiality. The parties acknowledge the
Confidentiality Agreement, which agreement shall be deemed incorporated herein as if it were set forth in its entirety, and agree that the Confidentiality Agreement shall continue in full force and effect in accordance with its terms until the
earlier of (i) the Effective Time or (ii) the expiration of the Confidentiality Agreement according to its terms; provided, however, that to the extent any provisions of the Confidentiality Agreement are inconsistent with any provision of
this Agreement, the provisions of this Agreement shall control. 
 6.19. Notification. From and after the date hereof until the
earlier of the Closing Date and the termination of this Agreement, the Company shall give prompt notice to Parent, and Parent shall give prompt notice to the Company, of (a) any notice or other communication received by such party from any
Governmental Entity in connection with the transactions contemplated by this Agreement or from any Person alleging that the consent of such Person is or may be required in connection with the transactions contemplated by this Agreement, (b) any
material communications (written or oral) received from any Person relating to the Company Intellectual Property and (c) any matter (including a breach of any representation, warranty, covenant or agreement contained in this Agreement) that
would reasonably be expected to lead to the failure to satisfy any of the conditions to Closing in Article VII. 

  
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 ARTICLE VII 

Conditions 
 7.1.
Conditions to Each Party’s Obligation to Effect the Merger. The respective obligations of each party to effect the Merger are subject to the satisfaction or waiver by such party at or prior to the Effective Time of each of
the following conditions: 
 (a) Stockholder Approval. This Agreement shall have been duly adopted by holders of Shares constituting
the Requisite Stockholder Approval and shall have been duly adopted by Parent as the sole stockholder of Merger Sub. 
 (b) No Order.
No court or other Governmental Entity of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Law (whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits
consummation of the Merger or the other Transactions (collectively, an “Order”). 
 (c) HSR Act. Any
applicable waiting period (or extensions thereof) under the HSR Act relating to the Merger shall have expired or been terminated. 
 (d)
Governmental Consents. Other than the filing pursuant to Section 1.3, all Company Approvals and all Parent Approvals shall have been obtained or made. 

7.2. Conditions to Obligations of Parent and Merger Sub. The obligations of Parent and Merger Sub to effect the Merger are also subject
to the satisfaction or waiver by Parent at or prior to the Effective Time of the following conditions: 
 (a) Representations and
Warranties. (i) The representations and warranties of the Company set forth in Section 5.1(b) (Capital Structure), Section 5.1(c) (Payment Schedule), and
Section 5.1(e) (Corporate Authority; Approval) shall be true and correct in all respects as of the date of this Agreement and as of the Closing Date as though made on and as of such date and time (except to the extent that
any such representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date); (ii) the other Fundamental Representations shall be true and correct
in all material respects as of the date of this Agreement and as of the Closing Date as though made on and as of such date and time (except to the extent that any such representation and warranty expressly speaks as of an earlier date, in which case
such representation and warranty shall be true and correct as of such earlier date); and (iii) the other representations and warranties of the Company set forth in Article V, without giving effect to any “materiality” or
“Material Adverse Effect” qualifier set forth therein, shall be true and correct as of the date of this Agreement and as of the Closing Date as though made on and as of such date and time (except to the extent that any such representation
and warranty expressly speaks as of an earlier date, in which case such representation and warranty shall be true and correct as of such earlier date), except, in the case of this clause (iii) only, for any failure of any such representation
and warranty to be so true and correct that has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Parent shall have received at the Closing a certificate signed on behalf of the
Company by the Chief Executive Officer of the Company to the effect that such Chief Executive Officer has read this Section 7.2(a) and the conditions set forth in this Section 7.2(a) have been
satisfied. 

  
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 (b) Performance of Obligations of the Company. The Company shall have performed in
all material respects all obligations required to be performed by it under this Agreement at or prior to the Closing Date, and Parent shall have received a certificate signed on behalf of the Company by the Chief Executive Officer of the Company to
the effect that the condition set forth in this Section 7.2(b) has been satisfied. 
 (c) Payment of
Transaction Expenses. The Company shall have provided copies of customary payoff letters in connection with the payment of Transaction Expenses from the Persons listed on Schedule 7.2(c) hereto. 

(d) No Restraints. There shall not be threatened, instituted or pending any suit, action or proceeding in which a Governmental Entity
of competent jurisdiction is seeking (i) an Order or (ii) to (A) prohibit, limit, restrain or impair Parent’s ability to own or operate or to retain or change all or a material portion of the assets, licenses, operations, rights,
product lines, businesses or interest therein of the Company or any of its Subsidiaries or other Affiliates from and after the Effective Time or any of the assets, licenses, operations, rights, product lines, businesses or interest therein of Parent
or its Subsidiaries (including by requiring any sale, divestiture, transfer, license, lease, disposition of or encumbrance or hold separate arrangement with respect to any such assets, licenses, operations, rights, product lines, businesses or
interest therein) or (B) prohibit or limit in any material respect Parent’s ability to vote, transfer, receive dividends or otherwise exercise full ownership rights with respect to the stock of the Surviving Corporation, and no
Governmental Entity of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Law deemed applicable to the Merger individually or in the aggregate resulting in, or that would reasonably be expected to result in, any
of the foregoing. 
 (e) No Material Adverse Effect. Since the date of this Agreement, there shall not have occurred any Material
Adverse Effect, and Parent shall have received a certificate signed on behalf of the Company by the Chief Executive Officer of the Company to the effect that the condition set forth in this Section 7.2(e) has been
satisfied. 
 (f) Written Consents; Appraisal Waivers. Holders representing at least eight-five percent (85%) of the Company’s
issued and outstanding Common Stock shall have executed written consents, certified copies of which shall have been provided to Parent, and have validly waived all appraisal rights under DGCL and any other applicable Laws. 

(g) Charter Amendment. The Charter Amendment shall have been duly adopted by sufficient holders of Shares in accordance with applicable
Laws, including Section 242 of the DGCL, and the Company’s Organizational Documents, and the Company shall have caused the Charter Amendment to be executed and filed with the Secretary of State of the State of Delaware and remain in
effect. 
 (h) Consents Under Agreements. The Company shall have obtained the consent or approval of each Person whose consent or
approval shall be required under any Contract listed in Section 5.1(l), except those for which the failure to obtain such consent or approval, individually or in the aggregate, would not reasonably be expected to have a
Material Adverse Effect. 

  
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 (i) Certain Employees. Each Key Employee shall have remained actively employed by the
Company through the Effective Time, other than for reasons of death or permanent and total disability, and, to the Company’s knowledge, no Key Employee shall have any intention not to honor such individual’s New Employment Agreement. 

(j) FIRPTA Certificate. The Company shall have delivered to Parent a certificate pursuant to Treasury Regulations Section 1.1445-2(c)(3), duly executed and acknowledged, in form and substance reasonably satisfactory to Parent and on the basis of which Parent shall not be required to withhold Tax under Section 1445 of
the Code, certifying that interests in the Company are not “U.S. real property interests,” together with the notice required to be mailed to the IRS under Treasury Regulations
Section 1.897-2(h). 
 7.3. Conditions to Obligation of the Company. The obligation of
the Company to effect the Merger is also subject to the satisfaction or waiver by the Company at or prior to the Effective Time of the following conditions: 

(a) Representations and Warranties. (i) The representations and warranties of Parent set forth in this Agreement shall be true and
correct in all material respects as of the date of this Agreement and as of the Closing Date as though made on and as of such date and time (except to the extent that any such representation and warranty expressly speaks as of an earlier date, in
which case such representation and warranty shall be true and correct as of such earlier date), and (ii) the Company shall have received at the Closing a certificate signed on behalf of Parent by any Vice President of Parent to the effect that
such Vice President has read this Section 7.3(a) and the conditions set forth in this Section 7.3(a) have been satisfied. 

(b) Performance of Obligations of Parent and Merger Sub. Each of Parent and Merger Sub shall have performed in all material respects
all obligations required to be performed by it under this Agreement at or prior to the Closing Date, and the Company shall have received a certificate signed on behalf of Parent and Merger Sub by any Vice President of Parent to the effect that the
condition set forth in this Section 7.3(b) has been satisfied. 
 ARTICLE VIII 

Termination 
 8.1.
Termination by Mutual Consent. This Agreement may be terminated and the Merger and other Transactions may be abandoned at any time prior to the Effective Time by mutual written consent of the Company and Parent. 

8.2. Termination by Either Parent or the Company. This Agreement may be terminated and the Merger and other Transactions may be
abandoned at any time prior to the Effective Time by either Parent or the Company if: 

  
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 (a) the Merger shall not have been consummated by 5:00 p.m. (Eastern Time) on
November 4, 2022 (the “Termination Date”); provided, however, that if the condition set forth in Section 7.1(c) has not been satisfied or waived prior to the Termination Date, but
all other conditions set forth in Article VII have been satisfied or waived (except for those conditions that by their nature are to be satisfied at the Closing), the Termination Date will be automatically extended to 5:00 p.m. (Eastern Time) on
February 4, 2023; or 
 (b) any Order permanently restraining, enjoining or otherwise prohibiting consummation of the Merger shall
become final and non-appealable (whether before or after the adoption of this Agreement by the Requisite Stockholder Approval); 

provided, that the right to terminate this Agreement pursuant to this Section 8.2 shall not be available to
any party that has breached in any material respect its obligations under this Agreement in any manner that shall have proximately contributed to the occurrence of the failure of a condition to the consummation of the Merger. 

8.3. Termination by the Company. This Agreement may be terminated by the Company and the Merger and other transactions contemplated by
this Agreement may be abandoned at any time prior to the Effective Time by the Company if there has been a breach of any representation, warranty, covenant or agreement made by Parent in this Agreement, or any such representation and warranty shall
have become untrue after the date of this Agreement, such that Section 7.3(a) or 7.3(b) would not be satisfied and such breach or condition is not curable or, if curable, is not cured within the earlier of
(x) thirty (30) days after written notice thereof is given by the Company to Parent and (y) three (3) business days prior to the Termination Date. 

8.4. Termination by Parent. This Agreement may be terminated and the Merger and other transactions contemplated by this Agreement may
be abandoned at any time prior to the Effective Time by Parent if: 
 (a) a copy of the Stockholder Written Consent evidencing that the
Requisite Stockholder Approval has been obtained has not been delivered to Parent at or prior to the expiration of the Stockholder Consent Delivery Period; or 

(b) there has been a breach of any representation, warranty, covenant or agreement made by the Company in this Agreement, or any such
representation and warranty shall have become untrue after the date of this Agreement, such that Sections 7.2(a) or (b) would not be satisfied and such breach or condition is not curable or, if curable,
is not cured within the earlier of (x) thirty (30) days after written notice thereof is given by Parent to the Company and (y) three (3) business days prior to the Termination Date. 

8.5. Effect of Termination. If this Agreement is terminated pursuant to this Article VIII, this Agreement will forthwith become
null and void, and there will be no liability to any Person on the part of any party hereto (or any of their respective Representatives or Affiliates) in respect of this Agreement, except as provided in this Section 8.5 and
except that the provisions of Section 6.18 and Article X will continue to apply following any termination; provided, however, that nothing in this Section 8.5 shall release any party
from liability for any willful and material breach of this Agreement by such party prior to the termination of this Agreement. 

  
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 ARTICLE IX 

Survival and Indemnification 

9.1. Survival. 
 (a) All
representations and warranties in this Agreement and the schedules and exhibits attached hereto (but excluding the exhibits attached hereto that will be governed by the terms set forth therein), and the right to commence any claim with respect
thereto, shall survive the Closing as follows: 
 (i) all representations and warranties in this Agreement and the schedules attached
hereto, other than the Fundamental Representations, and the right to commence any claim with respect thereto, shall survive the Closing and continue in effect until the second (2nd) anniversary of the Closing Date; and 

(ii) the Fundamental Representations, and the right to commence any claim with respect thereto, shall survive the Closing and continue in
effect until the expiration of the applicable statutes of limitations with respect thereto (after giving effect to any extensions or waivers thereof). 

For purposes of this Agreement, “Fundamental Representations” means the representations and warranties set forth in
in Section 5.1(a) (Organization, Good Standing and Qualification), Section 5.1(b) (Capital Structure), Section 5.1(c) (Payment Schedule),
Section 5.1(d) (Agreements with Holders), Section 5.1(e) (Corporate Authority; Approval), Section 5.1(n) (Takeover Statutes),
Section 5.1(p) (Taxes) and Section 5.1(u) (Broker and Finders). 
 (b) The
covenants and agreements of the parties contained in this Agreement and the schedules and exhibits attached hereto (but excluding any agreements the forms of which are attached as exhibits hereto that will be governed by the terms set forth
therein), shall survive the Closing and continue in effect until the expiration of the applicable statute of limitations with respect thereto. 

(c) Notwithstanding anything to the contrary herein, any representation or warranty or covenant or agreement in respect of which indemnity may
be sought under Section 9.2 below, and the indemnity with respect thereto, shall survive the time at which it would otherwise terminate pursuant to this Section 9.1 if notice of the claim,
inaccuracy or breach or potential inaccuracy or breach thereof giving rise to such right or potential right of indemnity shall have been given to the party against whom such indemnity may be sought prior to such time (regardless of when the Losses
in respect thereof may actually be incurred). 
 For purposes of this Agreement, (x) the term “Losses” shall
mean any loss, Liabilities, cost, damage, royalty, deficiency, penalty, Tax, fine or expense, whether or not arising out of a Third Party Claim (including interest, penalties, reasonable attorneys’ fees and expenses and all reasonable amounts
paid in investigation or defense, and all amounts paid in settlement, of any of the foregoing) and (y) the term “Liabilities” shall mean any liabilities, obligations or commitments of any nature whatsoever, asserted or
unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise. 

  
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 9.2. Indemnification. 

(a) Indemnification by the Holders. 

(i) Indemnification. The Holders shall hold Parent, the Surviving Corporation and each of their respective officers, directors, and
employees (the “Parent Indemnified Parties”) harmless from and against any and all Losses when incurred as a result of, in connection with, relating to or arising out of: (A) any breach by the Company of any representation or
warranty made by the Company in this Agreement or any of the schedules and exhibits attached hereto (but excluding any agreements the forms of which are attached as exhibits hereto that will be governed by the terms set forth therein), or in any of
the certificates furnished by the Company pursuant to this Agreement determined without regard to any Material Adverse Effect or other materiality or knowledge qualification contained in such representations and warranties; (B) any breach of
any covenant or agreement by the Company under this Agreement or any of the schedules and exhibits attached hereto (but excluding any agreements the forms of which are attached as exhibits hereto that will be governed by the terms set forth
therein), or in any of the certificates furnished by the Company pursuant to this Agreement; (C) any claim asserted at any time by any actual or alleged holder of Company securities relating to the allocation or entitlement to a portion of the
Closing Consideration or Earn-Out Consideration or other amount paid or to be paid in connection with the Transactions, including any assertion of contractual, employment or other rights and any assertion of
rights to own or acquire any security; (D) the aggregate amount, if any, by which any payment provided to the Dissenting Stockholders pursuant to Section 262 of the DGCL exceeds the portion of the Closing Consideration to which such
Dissenting Stockholders would otherwise be entitled pursuant to Section 4.4(f); (E) any Holder Taxes, or (F) any of the matters set forth in Schedule 9.2(a) hereto. 

(ii) Limitations on Indemnification. 

(A) Solely with respect to Losses not covered by the RWI Policy, the Holders shall not have any liability under clause
(A) of Section 9.2(a)(i) above (other than with respect to breaches of the Fundamental Representations), unless and until the aggregate amount of all Losses related thereto for which the Holders would, but for this
Section 9.2(a)(ii)(A), be liable exceeds on a cumulative basis an amount equal to $100,000.    Notwithstanding anything in this Agreement to the contrary, nothing in this Agreement shall limit or
restrict any of Parent’s right to maintain or recover any amounts in connection with any action or claim based upon actual fraud. 

(B) With respect to Losses within the scope of coverage provided by the RWI Policy, the Holders shall be liable under clause
(A) of Section 9.2(a)(i) above dollar for dollar with the Parent Indemnified Parties for any such Losses that erode the retention amount under the RWI Policy; provided, that the liability of the Holders under
this Section 9.2(a)(ii)(B) shall not exceed the amount that is fifty percent (50%) of the aggregate retention amount payable under the RWI Policy. 

  
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 (C) The Holders’ liability under clause (A) of
Section 9.2(a)(i) above (other than with respect to breaches of the Fundamental Representations) shall not exceed $25,000,000. 

(iii) Payments; RWI Policy. 

(A) All indemnification of the Parent Indemnified Parties by the Holders under this Section 9.2(a)
shall be satisfied as follows: (1) first, for any claims within the scope of coverage provided by the RWI Policy, by the assertion of claims by Parent Indemnified Parties thereunder until such time as the policy limit set forth in the RWI
Policy has been reached; provided, that the Holders shall be liable for fifty percent (50%) of the aggregate amount of the retention amount under the RWI Policy, without duplication, as set forth in
Section 9.2(a)(ii)(B), and (2) with respect to any indemnification amounts not covered by the RWI Policy, or following the expiration of the RWI Policy, by the Holders in accordance with
Section 9.2(a)(iii)(B) below.
 (B) The sole and exclusive recourse for any and all amounts
payable by the Holders to any Parent Indemnified Party under this Section 9.2(a) will be to setoff such amounts against the unpaid portion of the Earn-Out Consideration (whether or
not accrued), if any, as of the date each Claim Notice asserting Losses is submitted by any Parent Indemnified Party to the Holder Representative. Any such setoff will be applied to the Holders in accordance with the Payment Schedule.
Notwithstanding the foregoing, neither the exercise of, nor the failure to exercise, such right of setoff will limit or affect (1) the rights of Parent under the RWI Policy, (2) the rights of the parties under
Section 10.6(c) with respect to any covenants to be performed by the parties, or (3) Parent’s right to maintain or recover any amounts in connection with any action or claim based upon actual fraud. To the extent
that liability for or the amount of indemnifiable Losses in respect of a claim for indemnification pursuant to this Section 9.2(a) has not yet been finally determined in accordance with this Agreement, Parent will be
entitled to withhold payment from the accrued and unpaid portion of the Earn-Out Consideration otherwise due and payable to the Holders in an amount up to Parent’s good faith estimate of such Losses set
forth in the Claim Notice until the amount of such indemnifiable Losses has been finally determined (any such claim, an “Unpaid Indemnification Claim”). The exercise of such right of setoff by Parent in accordance with the
terms of this Section 9.2(a)(iii)(B) will not constitute a breach of Parent’s obligation to pay the Earn-Out Consideration or any other amounts due under this Agreement. 

(b) Indemnification by Parent and Surviving Corporation. Parent and, after the Closing, Parent and the Surviving Corporation each
agree to and shall indemnify the Holders and hold them harmless against any Losses which any such Holder may suffer, sustain or become subject to, as the result of, in connection with, relating or incidental to or by virtue of the breach by Parent
of any representation, warranty, covenant or agreement made by Parent or Merger Sub in this Agreement, any of the schedules or exhibits attached hereto or any of the certificates furnished by Parent pursuant to this Agreement. The amount of
Parent’s and, after the Closing, Parent’s and the Surviving Corporation’s aggregate liability under this Section 9.2(b) shall not exceed $25,000,000. All indemnification of the Holders by Parent under this
Section 9.2(b) shall be effected by payment by Parent to the Holder Representative or its designee in immediately available funds by wire transfer to be distributed to the Holders in proportion to their respective portion
of the Closing Consideration and Earn-Out Consideration in accordance with the Payment Schedule. 

  
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 (c) For purposes of this Article IX, the amount of any Indemnified Party’s
Losses will be reduced by (i) any amounts actually recovered by such Indemnified Party under any insurance policies and (ii) any amounts actually recovered by such Indemnified Party pursuant to any indemnification right, claim, recovery,
settlement, reimbursement arrangement, contract or payment by or against a third-party. 
 (d) Indemnification Procedures. 

(i) Definitions. For purposes of this Agreement, a party entitled to indemnification under this Agreement shall be referred to as an
“Indemnified Party,” and a party obligated to indemnify an Indemnified Party under this Agreement shall be referred to as an “Indemnifying Party.” 

(ii) Claim Notices. Each Indemnified Party shall provide written notice to the Indemnifying Party of any claim or demand that it may
have under this Section 9.2 (a “Claim Notice”), and, in the event that there is asserted against an Indemnified Party any claim, demand, action, proceeding or investigation instituted by a Person
other than Parent or the Holder Representative on behalf of the Holders for which the Indemnifying Party may be obligated to indemnify hereunder (such claim, a “Third Party Claim”), such Indemnified Party shall provide a
Claim Notice with respect thereto within thirty (30) days following such Indemnified Party’s receipt of such Third Party Claim; provided, however, that failure to give such notification shall not affect the indemnification
provided hereunder except to the extent the Indemnifying Party shall have been actually prejudiced as a result of such failure. 

(A) A Claim Notice with respect to a claim other than a Third Party Claim shall contain a reasonably detailed summary of the
facts underlying or related to such claim to the extent then known by the Indemnified Party, the subsection(s) of this Section 9.2 pursuant to which the Indemnified Party is seeking indemnification, a list of those
representations, warranties and covenants that the Indemnified Party believes may have been breached in relation to such claim (if any), the Indemnified Party’s good faith estimate of the Losses incurred as a result of, in connection with,
relating to or arising out of such claim, and a statement that the Indemnified Party seeks indemnification for Losses relating to such claim. 

(B) A Claim Notice with respect to a Third Party Claim shall contain a reasonably detailed summary of the facts underlying or
relating to such claim to the extent then known by the Indemnified Party and any correspondence or notices (including court papers) received from the relevant third party (to the extent not prohibited by contract or applicable Law from furnishing),
the subsection(s) of this Section 9.2 pursuant to which the Indemnified Party is seeking indemnification, a list of those representations, warranties and covenants that the Indemnified Party believes may have been breached
in relation to such claim (if any), the amount of damages alleged to have been suffered by the relevant third party or the Indemnified Party’s good faith estimate of 

  
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the Losses incurred as a result of, in connection with, relating to or arising out of such claim, and a statement that the Indemnified Party seeks indemnification for Losses relating to such
claim. From and after the delivery of a Claim Notice with respect to a Third Party Claim, the Indemnified Party shall deliver to the Indemnifying Party, within ten (10) business days after the Indemnified Party’s receipt thereof, copies of
all notices and documents (including court papers) received by the Indemnified Party relating to the Third Party Claim. 
 (iii) Control
of Contests by Indemnifying Party. The Indemnifying Party shall be entitled to assume, conduct and control, through counsel of its own choosing (reasonably acceptable to the Indemnified Party) and at its own expense, the defense of any Third
Party Claim (unless (A) the claim for indemnification relates to or arises in connection with any criminal or quasi-criminal proceeding, action, indictment, allegation or investigation; (B) the
Indemnified Party reasonably believes an adverse determination with respect to the action, lawsuit, investigation, proceeding or other claim giving rise to such claim for indemnification would be detrimental to or injure the Indemnified Party’s
reputation or future business prospects; (C) the claim seeks an injunction or equitable relief against the Indemnified Party; (D) the Indemnified Party has been advised by counsel that a reasonable likelihood exists of a conflict of
interest between the Indemnifying Party and the Indemnified Party; (E) upon petition by the Indemnified Party, the appropriate court rules that the Indemnifying Party failed or is failing to vigorously prosecute or defend such claim; or
(F) the Indemnified Party reasonably believes that the Loss relating to the claim would materially exceed the maximum amount that such Indemnified Party could then be entitled to recover under the applicable provisions of this
Section 9.2; in which case the Indemnified Party could elect in its sole discretion to assume, conduct and control such defense and the Indemnifying Party, if it had previously assumed such defense but no longer meets all
of the conditions set forth in clauses (A) through (F) above, will cooperate with the Indemnified Party with respect to the prompt transfer of such defense from the Indemnifying Party to the Indemnified Party if so elected by the indemnified
party). The Holder Representative shall act on behalf of the Holders where they are Indemnifying Parties hereunder in assuming, conducting and controlling the defense of Third Party Claims, including those Third Party Claims set forth in Schedule
9.2(a) hereto. Unless the Indemnified Party shall have notified the Indemnifying Party of the existence of one or more of the conditions set forth in clauses (A) through (F) of the first sentence of this
Section 9.2(d)(iii), the Indemnifying Party shall have thirty (30) days (or such lesser number of days set forth in the Claim Notice as may be required by any Governmental Entity, any court proceedings or regulatory
inquiry or investigation) from receipt of the Claim Notice with respect to a Third Party Claim (the “Notice Period”) to notify the Indemnified Party of its election to assume the defense of such Third Party Claim;
provided, that the Holder Representative, on behalf of the Holders, shall be entitled, immediately following the Effective Time without regard to the notice provisions above, to assume the defense of those Third Party Claims set forth in
Schedule 9.2(a) hereto. If the Indemnifying Party notifies the Indemnified Party within the Notice Period that it elects to assume the defense of such Third Party Claim, it shall be conclusively established for purposes of this Agreement that
the Indemnifying Party is obligated to and shall indemnify and hold harmless the Indemnified Party from, against and in respect of all Losses incurred or suffered by the Indemnified Party to the extent arising from such Third Party Claim, without
any reservation of rights, subject only to the limitations contained in this Section 9.2. If the Indemnifying Party notifies the Indemnified Party within the Notice Period that it elects to defend such Third Party Claim, it
shall have the right to so defend, with 

  
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counsel selected by the Indemnifying Party that is reasonably acceptable to the Indemnified Party, at the Indemnifying Party’s expense. Once the Indemnifying Party has duly assumed the
defense of a Third Party Claim, the Indemnified Party shall have the right, but not the obligation, to participate in the defense thereof, including the opportunity to participate in any discussions or correspondence with any Governmental Entity and
to employ counsel separate from the counsel employed by the Indemnifying Party. The Indemnified Party shall participate in any such defense at its own expense unless (x) the Indemnifying Party and the Indemnified Party are both named parties to
the proceedings and the Indemnified Party shall have concluded in good faith that representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them or the availability to the
Indemnified Party of one or more defenses or counterclaims that are inconsistent with one or more of those that may be available to the Indemnifying Party in respect thereof or (y) the Indemnified Party assumes the defense of a Third Party
Claim after the Indemnifying Party has failed to diligently pursue a Third Party Claim it has assumed, as provided hereunder, and in the case of both (x) or (y), all such expenses incurred by the Indemnified Party in connection with such
participation shall be borne by the Indemnifying Party.  
 (iv) Control of Contests by Indemnified Party. In the event the
Indemnifying Party (A) elects not to defend the Indemnified Party against a Third Party Claim, whether by not giving the Indemnified Party timely notice of its desire to so defend or otherwise, (B) is not entitled to defend the Third Party
Claim as a result of the Indemnified Party’s election to defend the Third Party Claim as provided hereunder, or (C) after assuming the defense of a Third Party Claim, fails to conduct the defense of such Third Party Claim in a reasonably
diligent manner within ten (10) days after receiving written notice from the Indemnified Party to the effect that the Indemnifying Party has so failed, the Indemnified Party shall have the right but not the obligation to assume its own defense;
it being understood that the Indemnified Party’s right to indemnification for such Third Party Claim shall not be adversely affected by assuming the defense of such Third Party Claim. 

(v) Settlement of Claims. Whether or not the Indemnifying Party shall have assumed the defense of a Third Party Claim, the
Indemnifying Party shall have no Liability with respect to any compromise or settlement of such claims effected without its written consent (such consent not to be unreasonably withheld, delayed or conditioned) unless (A) there is no finding or
admission of any violation of Law or any violation of the rights of any person and no effect on any other claims that may be made against the Indemnifying Party or any of its Affiliates, (B) there is no imposition of a consent order, decree,
injunction or other equitable relief that would restrict the future activity of the Indemnifying Party or its Affiliates, (C) the sole relief provided is monetary damages and a full, complete and unconditional release from all Liabilities with
respect to such claim is provided to the Indemnifying Party and its Affiliates, and (D) the monetary damages payable in connection with such compromise or settlement does not exceed $1,000,000. The Indemnifying Party shall not consent to the
entry of judgment, admit any liability with respect to, or settle, compromise or discharge, such Third Party Claim without the Indemnified Party’s prior written consent (which consent shall not be unreasonably withheld, delayed or conditioned)
unless (x) there is no finding or admission of any violation of Law or any violation of the rights of any person and no effect on any other claims that may be made against the Indemnified Party or any of its Affiliates, (y) there is no
imposition of a consent order, decree, injunction or other equitable relief that would restrict the future activity of the Indemnified Party or its Affiliates, and (z) the sole relief provided is monetary damages that are concurrently paid in full
by the Indemnifying Party and a full, complete and unconditional release from all Liabilities with respect to such claim is provided to the Indemnified Party and its Affiliates. 

  
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 (vi) Cooperation. Each party shall cooperate, and cause their respective Affiliates
to cooperate, in the defense or prosecution of any Third Party Claim and shall furnish or cause to be furnished such records, information and testimony, and attend such conferences, discovery proceedings, hearings, trials or appeals, as may be
reasonably requested in connection therewith. Such cooperation also shall include the retention and, upon the Indemnifying Party’s request, the provision to the Indemnifying Party of records and information which are reasonably relevant to such
Third Party Claim, and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder; provided, that such cooperation shall not unreasonably interfere with the
business or operations of such party. All Losses incurred or suffered by the Indemnified Party in connection with responding to, complying with or satisfying the Indemnifying Party’s requests for cooperation shall be promptly reimbursed by the
Indemnifying Party. If the Indemnifying Party disputes the amount of, or otherwise refuses or fails to reimburse, any such Losses which the Indemnified Party has incurred and for which the Indemnified Party has sought reimbursement from the
Indemnifying Party, the Indemnified Party shall not be obligated to continue providing cooperation with respect to the defense of the relevant Third Party Claim until such dispute has been resolved or all such Losses have been reimbursed in full.

 (e) Type of Damages. Notwithstanding anything to the contrary in this Agreement, no Person shall be liable under this Article
IX for any consequential, special, exemplary or punitive damages, except to the extent awarded in a final determination in connection with a Third Party Claim. 

(f) Characterization of Indemnification Payments. The parties agree to treat all payments made pursuant to this Article IX as
adjustments to the Closing Consideration for Tax purposes, unless otherwise required by applicable Law.  
 (g) Coordination with
Tax Covenant. In the event any provision of this Article IX is inconsistent with any provision of Section 6.15, the provisions of Section 6.15 shall control. 

  
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 ARTICLE X 

Miscellaneous and General 

10.1. Holder Representative. 

(a) Appointment of Holder Representative. The Holder Representative is hereby designated to, and shall act as, the
representative of the Holders, and is hereby authorized to act on behalf of the Holders and to take any and all actions required or permitted to be taken by the Holder Representative under this Agreement. The Holder Representative shall have the
sole and exclusive right to seek to enforce any and all rights of the Holders under this Agreement. 
 (b) Representations
and Warranties of Holder Representative. The Holder Representative hereby represents and warrants to each of Parent, Merger Sub and the Company that: (i) the Holder Representative is a natural person residing in the State of Tennessee;
(ii) the Holder Representative has the legal capacity to enter into and perform her obligations under this Agreement and the Merger and the other Transactions contemplated hereby; and (iii) this Agreement constitutes the valid and binding
obligation of the Holder Representative enforceable against the Holder Representative in accordance with its terms, subject to the Bankruptcy and Equity Exception. 

(c) Scope of Authority of Holders Representative. 

(i) Effective as of the date hereof, the Holder Representative shall have the power and authority to take all such actions on behalf of each
Holder as the Holder Representative, in its sole reasonable discretion, may deem in good faith to be appropriate on all matters related to or arising from this Agreement. Such powers shall include: 

(A) executing and delivering this Agreement and any and all supplements, amendments, waivers or modifications thereto in
accordance with the terms thereof and all certificates, consents and other documents contemplated by this Agreement or as may be necessary or appropriate to effect the transactions contemplated by this Agreement; 

(B) giving and receiving notices and other communications relating to this Agreement; 

(C) taking or refraining from taking any actions (whether by negotiation, settlement, litigation or otherwise) to resolve or
settle all matters and disputes arising out of or related to this Agreement and the performance or enforcement of the obligations, duties and rights pursuant to this Agreement, including in connection with any of the following: 

(1) determining what documentation is required from Holders in connection with receiving the Closing Consideration in
accordance with Article IV of this Agreement; 

  
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 (2) participating in the receipt, preparation, provision and review of the
Estimated Closing Statement and the Final Closing Statement and the related working papers in accordance with Sections 4.1(b) and (c) of this Agreement; 

(3) paying the reasonable fees of any Accounting Firm in accordance with Sections 4.1(c) and 4.2(c) of this
Agreement; 
 (4) receiving, authorizing, disputing and/or distributing any adjustment to the Closing Consideration and
delivering instructions to the Paying Agent in connection therewith, in each case in accordance with Section 4.1(c) of this Agreement; 

(5) complying with its tax filing and payment responsibilities, authorizing and/or disputing tax payment obligations,
conducting or participating in the conduct of Tax Contests and retaining books and records in accordance with Section 6.15 of this Agreement; and 

(6) conducting and controlling the defense of, and negotiating, agreeing to, settling, paying or contesting, Third Party Claims
in accordance with Section 9.2(d) of this Agreement and paying reasonable expenses in connection therewith; 

(D) holding back, depositing into escrow, paying or withholding for purposes of indemnification any amounts otherwise payable
to the Holders hereunder and directing the actions of any escrow agent with respect thereto (including with respect to the investment and disposal of amounts in escrow); 

(E) engaging and paying escrow agents, attorneys, accountants, financial and other advisors, paying agents and other
Representatives deemed necessary or appropriate, in the sole reasonable discretion of the Holder Representative in the performance of its duties under this Agreement; 

(F) disbursing any funds received by the Holder Representative on behalf of the Holders under this Agreement to each Holder in
accordance herewith; 
 (G) negotiating, executing and delivering, and settling any disputes with respect to any documents,
equity security certificates, options or derivative securities, and executing such further instruments of assignment as Parent, Merger Sub or the Surviving Corporation shall reasonably request; and 

(H) taking all actions necessary or appropriate in the judgment of the Holder Representative for the accomplishment of the
foregoing or the consummation of the transactions contemplated by this Agreement, and taking all other actions to be taken by or on behalf of the Holders in connection with this Agreement. 

  
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 (ii) The Company (prior to the Closing) and the Holders (after the Closing) shall reimburse
the Holder Representative for its reasonable costs and expenses (including attorneys’ fees) incurred in connection with its duties as the Holder Representative. 

(iii) The Holder Representative may perform any and all of its duties through its agents, representatives, attorneys, custodians, and/or
nominees. 
 (d) Indemnification. The Company (prior to the Closing) and the Holders (after the Closing), severally
and not jointly, on a pro rata basis pursuant to their portion of the Closing Consideration and the Earn-Out Consideration in accordance with the Payment Schedule (taking into account any Shares or other
equity security of the Company owned by the Holder Representative), shall indemnify, defend and hold harmless the Holder Representative from and against any and all Losses that the Holder Representative may suffer or incur by reason of any action,
claim or proceeding brought against the Holder Representative, unless such Loss shall have been directly caused by the willful misconduct, bad faith or gross negligence of the Holder Representative. For the avoidance of doubt, this
Section 10.1(d) shall survive the resignation of the Holder Representative. 
 (e) Limitation of
Liability. THE HOLDER REPRESENTATIVE SHALL NOT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY (i) LOSSES ARISING OUT OF THE SERVICES PROVIDED UNDER THIS AGREEMENT, OTHER THAN LOSSES THAT HAVE DIRECTLY RESULTED FROM THE HOLDER
REPRESENTATIVE’S WILLFUL MISCONDUCT, BAD FAITH OR GROSS NEGLIGENCE OR (ii) SPECIAL, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES OR LOSSES OF ANY KIND WHATSOEVER (INCLUDING LOST PROFITS), EVEN IF THE HOLDER REPRESENTATIVE HAS BEEN ADVISED
OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION. 
 (f) Resignation; Successor Holder
Representative. The Holder Representative may resign by furnishing written notice of her resignation to the Holders, Parent, Merger Sub and the Company (if such resignation occurs prior to the Closing) or to Parent and the Surviving Corporation
(if resignation occurs after the Closing). In addition, the Holder Representative may be removed in her capacity as such upon the affirmative vote of the Holders entitled to receive at least sixty-five percent (65%) of the Earn-Out Consideration, as determined in accordance with the Payment Schedule (the “Requisite Holder Percentage”). Such resignation or removal shall be effective thirty (30) days after
the delivery of such notice or upon the earlier appointment by the Holders of a successor, and the Holder Representative’s sole responsibility thereafter shall be to safely keep any assets then held by her on behalf of the Holders and to
deliver the same to a successor Holder Representative. If the Holders have failed to appoint a successor Holder Representative prior to the expiration of thirty (30) days following the delivery of such notice of resignation, the Holder
Representative may petition any court of competent jurisdiction for the appointment of a successor Holder Representative or for other appropriate relief, and any such resulting appointment shall be binding upon the Holders, Parent, Merger Sub, the
Company and the Surviving Corporation. 

  
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 (g) Termination of Holder Representative Role. Subject to
Section 8.5, upon the termination of this Agreement in accordance with its terms or the removal of the Holder Representative in accordance with this Section 10.1, the Holder Representative shall
have no further responsibilities hereunder or authority to act; it being understood that following any termination of this Agreement, the Company’s obligation to reimburse the Holder Representative for its reasonable expenses under this
Section 10.1 shall survive until the expiration of the applicable statute of limitations. 
 (h)
Effect on Rights of Parent and Merger Sub. Anything set forth in this Section 10.1 to the contrary notwithstanding, in no event shall anything contained in this
Section 10.1 amend, alter, waive, terminate (or otherwise limit) or be deemed to amend, alter, waive terminate (or otherwise limit) any of the rights and remedies of Parent or Merger Sub set forth in any other provision of
this Agreement (including the schedules and exhibits hereto), including Section 4.1, Section 4.2 and Section 9.2 of this Agreement. 

10.2. Actions of the Holder Representative(i) . A decision, act, consent or instruction of the Holder Representative shall
constitute a decision of all Holders and shall be final, binding and conclusive upon each such Holder, and Parent, Merger Sub and, following the Closing, the Surviving Corporation, shall be entitled to rely conclusively on the decisions, actions,
consents or instructions of the Holder Representative as being the decision, action, consent or instruction of each and all such Holders. Parent is hereby relieved from any liability to any Person for any acts done by them in accordance with such
decision, act, consent or instruction of the Holder Representative. 
 10.3. Modification or Amendment. Any provision of this
Agreement may be amended, modified, supplemented or waived only by an instrument in writing duly executed by, if executed prior to the Effective Time, Parent, the Company, Merger Sub and the Holder Representative, and if executed after the Effective
Time, Parent and the Holder Representative; provided, however, that the Holder Representative may not agree to any amendment, modification, supplement or waiver which materially and adversely impacts the rights of the Holders hereunder without first
obtaining the affirmative vote of the Requisite Holder Percentage. Any such amendment, modification, supplement or waiver shall be for such period and subject to such conditions as shall be specified in the instrument effecting the same and shall be
binding upon the parties thereto, and any such waiver shall be effective only in the specific instance and for the purposes for which given. 

10.4. Waiver of Conditions. The conditions to each of the parties’ obligations to consummate the Merger are for the sole benefit
of such party and may be waived by such party in whole or in part to the extent permitted by applicable Laws; provided, that, no failure on the part of any party to exercise and no delay in exercising, and no course of dealing with respect
to, any right, remedy, power or privilege under this Agreement shall operate as a waiver of such right, remedy, power or privilege, nor shall any single or partial exercise of any right, remedy, power or privilege under this Agreement preclude any
other or further exercise of any such right, remedy, power or privilege or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges provided in this Agreement are cumulative and not exclusive of any
rights, remedies, powers and privileges provided by applicable Laws. 

  
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 10.5. Counterparts. This Agreement may be executed in any number of counterparts,
each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement. Delivery of an executed counterpart of a signature page to this agreement may be made by electronic or digital
delivery such as in Adobe Portable Document Format or using generally recognized e-signature technology (e.g., DocuSign or Adobe Sign). 

10.6. GOVERNING LAW AND VENUE; WAIVER OF JURY TRIAL; SPECIFIC PERFORMANCE. 

(a) THIS AGREEMENT SHALL BE DEEMED TO BE MADE IN AND IN ALL RESPECTS SHALL BE INTERPRETED, CONSTRUED AND GOVERNED BY AND IN ACCORDANCE WITH
THE LAW OF THE STATE OF DELAWARE WITHOUT REGARD TO THE CONFLICTS OF LAW PRINCIPLES THEREOF TO THE EXTENT THAT SUCH PRINCIPLES WOULD DIRECT A MATTER TO ANOTHER JURISDICTION. The parties hereby irrevocably submit to the personal jurisdiction of the
courts of the State of Delaware and the Federal courts of the United States of America located in the State of Delaware solely in respect of the interpretation and enforcement of the provisions of this Agreement and of the documents referred to in
this Agreement, and all claims or causes of action (whether in contract or tort) that may be based upon, arise out of or relate to the negotiation, execution or performance of this Agreement and the transactions contemplated hereby, and hereby waive
the right to assert, and agree not to assert, as a defense in any action, suit or proceeding for the interpretation or enforcement hereof or of any such document, that it is not subject thereto or that such action, suit or proceeding may not be
brought or is not maintainable in said courts or that the venue thereof may not be appropriate or that this Agreement or any such document may not be enforced in or by such courts, and the parties hereto irrevocably agree that all claims relating to
such action, proceeding, or transactions shall be heard and determined in such a Delaware State or Federal court. The parties hereby consent to and grant any such court jurisdiction over the person of such parties and, to the extent permitted by
applicable Law, over the subject matter of such dispute and agree that mailing of process or other papers in connection with any such action or proceeding in the manner provided in Section 10.7 or in such other manner as
may be permitted by Law shall be valid and sufficient service thereof. 
 (b) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH
MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR
OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (ii) EACH PARTY 

  
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UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.6. 
 (c) The parties agree that irreparable damage
would occur in the event that any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties shall be entitled to an injunction or injunctions
to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this Agreement in the Court of Chancery of the State of Delaware, this being in addition to any other remedy to which such party is entitled at Law or in
equity. 
 10.7. Notices. Any notice, request, demand, waiver, consent, approval or other communication which is required or
permitted hereunder shall be in writing and shall be deemed given: (a) on the date such notice was delivered personally, (b) on the date delivered by a private courier, (c) on the date sent by electronic mail, with confirmation of
receipt, if sent prior to 5:00 p.m. New York time, or if sent later, then on the next business day, or (d) on the fifth (5th) business day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such
communications, to be valid, must be addressed as follows (or to such other persons or addresses as may be designated in writing by the party to receive such notice as provided below): 

If to Parent or Merger Sub: 

CONMED Corporation 
 11311 Concept
Boulevard 
 Largo, FL 33773 

Attention:             Peter Shagory, EVP, Strategy and Corporate Development

                        
     Dan Jonas, EVP, Legal Affairs, General Counsel & Secretary 

Email:                   danieljonas@conmed.com

                        
      petershagory@conmed.com 
 with copies (which shall not constitute notice) to: 

CONMED Corporation 
 11311 Concept
Boulevard 
 Largo, FL 33773 

Attention:             Patrick Beyer, President International and Global
Orthopedics 

                        
     Sarah Oliker, Assistant General Counsel, Assistant Secretary 

Email:                  patrickbeyer@conmed.com 

                        
     saraholiker@conmed.com 

  
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 Sullivan & Cromwell LLP 

125 Broad Street 
 New York, NY
10004 
 Attention:             Bob Downes 

                        
     Melissa Sawyer 

                        
     Lauren Boehmke 

Email:                 downesr@sullcrom.com 

                        
    sawyerm@sullcrom.com 

                        
    boehmkel@sullcrom.com 
 If to the Company: 

In2Bones Global, Inc. 
 6000
Poplar Ave., Suite 115 
 Memphis, TN 38119 

Attention:          Alan Taylor, Chief Executive Officer 

Email:                
ataylor@i2b-usa.com 
 with copies (which shall not constitute notice) to: 

The Nilson Law Group PLLC 
 10
East 40th Street, Suite 3310 
 New York, NY 10016 

Attention:          Emily Ayoob 

Email:                eayoob@nilsonlaw.com 

K&L Gates LLP 
 70 W. Madison
Street, Suite 3100 
 Chicago, IL 60602-4207 

Attention:          J. Craig Walker 

Email:                craig.walker@klgates.com 

10.8. Entire Agreement. This Agreement (including any annexes and exhibits hereto), the Company Disclosure Letter and the
confidentiality and non-disclosure agreement, dated October 15, 2021, between Parent and the Company (the “Confidentiality Agreement”) constitute the entire agreement, and
supersede all other prior agreements, understandings, representations and warranties both written and oral, among the parties, with respect to the subject matter hereof. No party shall be bound by, or be liable for, any alleged representation,
promise, inducement or statement of intention not contained herein. The Confidentiality Agreement shall survive any termination of this Agreement. 

  
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 10.9. No Other Representations or Warranties. EACH PARTY HERETO AGREES THAT, EXCEPT
FOR THE REPRESENTATIONS AND WARRANTIES CONTAINED IN THIS AGREEMENT, NEITHER PARENT AND MERGER SUB NOR THE COMPANY MAKES ANY OTHER REPRESENTATIONS OR WARRANTIES, AND EACH HEREBY DISCLAIMS ANY OTHER REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED,
OR AS TO THE ACCURACY OR COMPLETENESS OF ANY OTHER INFORMATION, MADE BY, OR MADE AVAILABLE BY, ITSELF, ANY OF ITS REPRESENTATIVES OR THE OTHER PARTY OR ANY OF THE OTHER PARTY’S REPRESENTATIVES, WITH RESPECT TO, OR IN CONNECTION WITH, THE
NEGOTIATION, EXECUTION OR DELIVERY OF THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY, NOTWITHSTANDING THE DELIVERY OR DISCLOSURE TO THE OTHER OR THE OTHER’S REPRESENTATIVES OF ANY DOCUMENTATION OR OTHER INFORMATION WITH RESPECT TO ANY
ONE OR MORE OF THE FOREGOING. 
 10.10. Expenses. Except as otherwise provided in this Agreement, whether or not the transactions
contemplated by this Agreement are consummated, each party hereto will pay its own costs and expenses incurred in connection with the negotiation, execution and consummation of the transactions contemplated by this Agreement, including the Merger.

 10.11. Assignment. This Agreement shall not be assignable by operation of Law or otherwise; provided, however, that
Parent may designate, by written notice to the Company, another wholly-owned direct or indirect Subsidiary in lieu of Merger Sub, in which event all references herein to Merger Sub shall be deemed references to such other Subsidiary, except that all
representations and warranties made herein with respect to Merger Sub as of the date hereof shall be deemed representations and warranties made with respect to such other Subsidiary as of the date of such designation. Any purported assignment in
violation of this Agreement is void. 
 10.12. No Third Party Beneficiaries. Except as provided in Section 6.10(a) (D&O
Insurance) and Section 9.2 (Indemnification), Parent and the Company hereby agree that their respective representations, warranties and covenants set forth herein are solely for the benefit of the other party hereto, in accordance with and
subject to the terms of this Agreement, and this Agreement is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder, including the right to rely upon the representations and warranties
set forth herein. The representations and warranties in this Agreement are the product of negotiations among the parties hereto and are for the sole benefit of the parties hereto. Any inaccuracies in such representations and warranties are subject
to waiver by the parties hereto in accordance with Section 10.4 without notice or liability to any other Person. Persons other than the parties hereto may not rely upon the representations and warranties in this Agreement
as characterizations of actual facts or circumstances as of the date hereof or as of any other date. 
 10.13. Obligations of Parent and
of the Company. Whenever this Agreement requires a Subsidiary of Parent to take any action, such requirement shall be deemed to include an undertaking on the part of Parent to cause such Subsidiary to take such action. Whenever this Agreement
requires a Subsidiary of the Company to take any action, such requirement shall be deemed to include an undertaking on the part of the Company to cause such Subsidiary to take such action and, after the Effective Time, on the part of the Surviving
Corporation to cause such Subsidiary to take such action. 
 10.14. Definitions. For the convenience of the parties hereto, each of
the terms set forth in Annex A is defined in the Section of this Agreement set forth opposite such term. 

  
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 10.15. Severability. The provisions of this Agreement shall be deemed severable and
the invalidity or unenforceability of any provision shall not affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application of such provision to any Person or any circumstance, is
invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and (b) the
remainder of this Agreement and the application of such provision to other Persons or circumstances shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of
such provision, or the application of such provision, in any other jurisdiction. 
 10.16. Interpretation; Construction. 

(a) The table of contents, captions and headings appearing in this Agreement are for convenience of reference only, do not constitute part of
this Agreement and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to an Article, Section, Annex, Exhibit or Schedule, such reference shall be to an Article, Section, Annex,
Exhibit or Schedule to this Agreement unless otherwise indicated. Whenever the words “include,” “includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without
limitation” or words of like import. The use of the masculine, feminine or neuter gender, or the singular or plural form of words used herein (including defined terms) shall not limit any provision of this Agreement. Reference herein to a
particular Person includes such Person’s successors and assigns to the extent such successors and assigns are permitted by the terms of any applicable Contract. Reference to a particular Contract (including this Agreement), document or
instrument means such Contract, document or instrument as amended or modified and in effect from time to time in accordance with the terms thereof. Any reference to a particular Law means such Law as amended, modified or supplemented (including all
rules and regulations promulgated thereunder) and, unless otherwise provided, as in effect from time to time. The terms “cash” and “$” mean United States Dollars. The use of the terms “hereunder,” “hereof,”
“hereto” and words of similar import shall refer to this Agreement as a whole and not to any particular Article, Section, paragraph or clause of, or Annex to, this Agreement. 

(b) The parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent
or interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement.

 [Signature page follows] 

  
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 IN WITNESS WHEREOF, this Agreement has been duly executed and delivered by the duly
authorized officers of the parties hereto as of the date first written above. 
  

					
	IN2BONES GLOBAL, INC.
		
	By:	 	 /s/ Alan Taylor

		 	Name:	 	Alan Taylor
		 	Title:	 	Chief Executive Officer

 [Signature Page to Merger Agreement] 

 
					
	CONMED CORPORATION
		
	By:	 	 /s/ Curt R. Hartman

		 	Name:	 	Curt R. Hartman
		 	Title:	 	Chair, President and Chief Executive Officer
	
	ODYSSEY MERGER SUB, INC.
		
	By:	 	 /s/ Daniel S. Jonas, Esq.

		 	Name:	 	Daniel S. Jonas, Esq.
		 	Title:	 	Vice President, Legal Affairs, General Counsel and Secretary

 [Signature Page to Merger Agreement] 

 
	
	 /s/ Sheryl Moroschak

	Sheryl Moroschak, solely in her capacity as the Holder Representative

 [Signature Page to Merger Agreement] 

 ANNEX A 

Defined Terms 
  

			
	 Terms
	  	Section
	 2022 Pro Rata Bonus Amount
	  	6.10(d)
	 280G Stockholder Vote
	  	6.10(c)
	 Accounting Firm
	  	4.1(c)(i)
	 Accrued Taxes
	  	4.1(b)(ii)
	 Acquisition Proposal
	  	6.2(a)
	 Affiliate
	  	4.1(b)(ii)
	 Agreement
	  	Preamble
	 Agreed Accounting Principles
	  	4.1(c)(i)
	 Applicable L4Q Period
	  	4.2(a)(i)
	 Applicable Revenue
	  	4.2(a)(i)
	 Bankruptcy and Equity Exception
	  	5.1(e)(i)
	 Benefit Plans
	  	5.1(j)(i)
	 Book-Entry Share
	  	4.3(b)(i)
	 business day
	  	1.2
	 Bylaws
	  	2.2
	 Certificate
	  	4.3(b)(i)
	 Charter
	  	2.1
	 Claim Notice
	  	9.2(d)(ii)
	 Closing
	  	1.2
	 Closing Consideration
	  	4.1(a)
	 Closing Date
	  	1.2
	 Closing Net Working Capital
	  	4.1(b)(iii)(A)
	 Closing Statement
	  	4.1(c)(i)
	 Code
	  	4.2(h)
	 Common Holder
	  	4.1(a)(ii)
	 Common Shares
	  	4.1(a)(ii)
	 Company
	  	Preamble
	 Company 401(k) Plan
	  	6.10(b)
	 Company Approvals
	  	5.1(f)(i)
	 Company Award Holders
	  	4.1(e)
	 Company Board
	  	5.1(b)(v)
	 Company Cash
	  	4.1(b)(i)
	 Company Disclosure Letter
	  	5.1
	 Company Intellectual Property
	  	5.1(r)(xii)
	 Company’s Knowledge
	  	5.1(h)
	 Company Option
	  	5.1(b)(i)
	 Company Privacy Commitments
	  	5.1(r)(xii)

  
 A-1 

			
	 Company Products
	  	4.2(a)
	 Company Recommendation
	  	5.1(e)(ii)
	 Company Registered IP
	  	5.1(r)(xii)
	 Company Restricted Shares
	  	4.4(b)(v)
	 Competitive Products
	  	4.2(f)
	 Confidentiality Agreement
	  	10.8
	 Contract
	  	5.1(f)(ii)
	 Controlled Group Liability
	  	5.1(j)(v)
	 D&O Indemnified Persons
	  	6.11(a)
	 D&O Insurance
	  	6.11
	 Debt Repayment Amount
	  	4.1(b)(ii)(A)
	 Delaware Certificate of Merger
	  	1.3
	 DGCL
	  	Recitals
	 Disputed Calculations
	  	4.2(c)
	 Dissenting Stockholders
	  	4.4(f)
	 DOJ
	  	5.1(k)(xiii)
	 Downward Adjustment Amount
	  	4.1(c)(ii)(B)
	 Earn-Out Cap
	  	4.2(a)
	 Earn-Out Consideration
	  	4.2(a)
	 Earn-Out Period
	  	4.2(a)
	 Earn-Out Notice of Disagreement
	  	4.2(c)
	 Effective Time
	  	1.3
	 Employees
	  	5.1(j)(i)
	 Environmental Law
	  	5.1(o)
	 ERISA
	  	5.1(j)(i)
	 ERISA Affiliate
	  	5.1(j)(i)
	 ERISA Plan
	  	5.1(j)(iii)
	 Estimated Closing Net Working Capital
	  	4.1(b)(iii)(A)
	 Estimated Closing Statement
	  	4.1(b)
	 Estimated Company Cash
	  	4.1(b)(i)
	 Estimated Funded Debt
	  	4.1(b)(ii)
	 Estimated Closing Consideration
	  	4.1(b)
	 Exchange Fund
	  	4.4(a)
	 FDA
	  	5.1(k)(iv)(B)
	 FDCA
	  	5.1(k)(iii)
	 FDCA Permits
	  	5.1(k)(vi)
	 Final Closing Statement
	  	4.1(c)(i)
	 Financial Statements
	  	5.1(g)(i)
	 Fundamental Representations
	  	9.1(a)(ii)
	 Funded Debt
	  	4.1(b)(ii)
	 GAAP
	  	4.1(b)
	 Governmental Entity
	  	5.1(f)(i)
	 Hazardous Substance
	  	5.1(o)
	 Health Care Laws
	  	5.1(k)(xiii)
	 HHS
	  	5.1(k)(xviii)
	 HHS-OIG
	  	5.1(k)(xiv)

  
 A-2 

			
	 Highwater Mark
	  	4.2(a)(i)
	 Holder
	  	4.1(a)
	 Holder Representative
	  	Preamble
	 Holder Representative Expense Account
	  	4.1(e)
	 Holder Representative Expense Amount
	  	4.1(e)
	 Holder Taxes
	  	6.15(f)
	 HSR Act
	  	5.1(f)(i)
	 Income Tax
	  	4.1(b)(ii)
	 Indebtedness
	  	4.1(b)(ii)
	 Indemnified Party
	  	9.2(d)(i)
	 Indemnifying Party
	  	9.2(d)(i)
	 Information Statement
	  	6.6(a)
	 Insurance Policies
	  	5.1(t)
	 Intellectual Property Rights
	  	5.1(r)(xii)
	 Inventory
	  	5.1(s)(ii)
	 IRS
	  	5.1(j)(iii)
	 IT Assets
	  	5.1(r)(xii)
	 Key Employee
	  	Recitals
	 Knowledge of the Company
	  	5.1(h)
	 Laws
	  	5.1(k)(i)
	 Leased Real Property
	  	5.1(m)(ii)
	 Letter of Transmittal
	  	4.4(b)(i)
	 Liabilities
	  	9.1
	 Lien
	  	6.1(a)(xxii)
	 Losses
	  	9.1
	 Material Adverse Effect
	  	5.1(a)
	 Material Contracts
	  	5.1(l)
	 Medical Device
	  	5.1(k)(iii)
	 Merger
	  	Recitals
	 Merger Sub
	  	Preamble
	 Net Working Capital
	  	4.1(b)(iii)
	 Net Working Capital Lower Boundary
	  	4.1(b)(iii)
	 Net Working Capital Upper Boundary
	  	4.1(b)(iii)
	 New Employment Agreement
	  	Recitals
	 Non-U.S. Benefit Plans
	  	5.1(j)(xiii)
	 Notice of Disagreement
	  	4.1(c)(i)
	 Notice Period
	  	9.2(d)(iii)
	 Option Cancellation Agreement
	  	4.3(b)(iv)
	 Order
	  	7.1(b)
	 Organizational Documents
	  	5.1(a)
	 Parachute Payment
	  	6.10(c)
	 Parent
	  	Preamble
	 Parent Approvals
	  	5.2(c)(i)
	 Parent Earn-Out Statement
	  	4.2(b)
	 Parent Products
	  	4.2(a)
	 Paying Agent
	  	4.4(a)

  
 A-3 

					
	 Payment Schedule
	  	 	5.1	(c) 
	 Pension Plan
	  	 	5.1	(j)(iii) 
	 Permitted Lien
	  	 	6.1	(a)(xxii) 
	 Per Share Amount
	  	 	4.1	(a)(ii) 
	 Person
	  	 	4.4	(d) 
	 Personal Information
	  	 	5.1	(r)(xii) 
	 Pre-Closing Tax Period
	  	 	6.15	 
	 Preferred Holder
	  	 	4.1	(a)(i) 
	 Preferred Shares
	  	 	5.1	(b)(i) 
	 Preferred Stock Liquidation Preference
	  	 	4.1	(a)(i) 
	 Preferred Stock Merger Consideration
	  	 	4.1	(a)(i) 
	 Privacy Laws
	  	 	5.1	(r)(xii) 
	 Processed
	  	 	5.1	(r) 
	 Products Liability Insurance
	  	 	6.11	(b) 
	 Purchase Price Adjustment Holdback
	  	 	4.1	(a) 
	 Regulatory Laws
	  	 	5.1	(k)(iii) 
	 Representatives
	  	 	6.2	(a) 
	 Requisite Stockholder Approval
	  	 	5.1	(e)(i) 
	 RWI Policy
	  	 	6.17	 
	 SEC
	  	 	4.2	(a) 
	 Shares
	  	 	4.1	(a)(ii) 
	 Software
	  	 	5.1	(r)(xii) 
	 Stock Plan
	  	 	5.1	(b)(i) 
	 Stockholder Consent Delivery Period
	  	 	6.3	 
	 Stockholder Written Consent
	  	 	6.3	 
	 Stockholders Meeting
	  	 	6.6	(b) 
	 Straddle Period
	  	 	6.15	(f) 
	 Subsidiary
	  	 	5.1	(a) 
	 Surviving Corporation
	  	 	1.1	 
	 Takeover Statute
	  	 	5.1	(n) 
	 Tax
	  	 	5.1	(p) 
	 Tax Contest
	  	 	6.15	(d)(i) 
	 Tax Refund
	  	 	6.15	(b) 
	 Tax Return
	  	 	5.1	(p) 
	 Termination Date
	  	 	8.2	(a) 
	 Third Party Claim
	  	 	9.2	(d)(ii) 
	 Trade Secrets
	  	 	5.1	(r)(xii) 
	 Transaction Expenses
	  	 	4.1	(b)(ii)(B) 
	 Transaction Proceeding
	  	 	6.13	 
	 Transactions
	  	 	5.1	(e)(ii) 
	 Transfer Taxes
	  	 	6.15	(e) 
	 Unpaid Indemnification Claim
	  	 	9.2	(a)(iii) 
	 Upward Adjustment Amount
	  	 	4.1	(c)(ii)(A) 
	 William Blair
	  	 	4.1	(b)(ii)(B) 

  
 A-4Document

Exhibit 4.1
 [FORM OF SENIOR SUBORDINATED NOTE]
THE PRINCIPAL AMOUNT REPRESENTED BY THIS NOTE MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF PURSUANT TO SECTION 8 OF THIS NOTE.
THIS NOTE HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT (“OID”).  PURSUANT TO TREASURY REGULATION §1.1275-3(b)(1), [      ], A REPRESENTATIVE OF THE COMPANY HEREOF WILL, BEGINNING TEN DAYS AFTER THE ISSUANCE DATE OF THIS NOTE, PROMPTLY MAKE AVAILABLE TO THE HOLDER UPON REQUEST THE INFORMATION DESCRIBED IN TREASURY REGULATION §1.1275-3(b)(1)(i).  [         ] MAY BE REACHED AT TELEPHONE NUMBER (    )    -    .
Evofem Biosciences, Inc.
Senior Subordinated Note
						
	Issuance Date:  [●] 20__
Exchange Date: May __, 2022
	Original Principal Amount: U.S. $[●]

FOR VALUE RECEIVED, Evofem Biosciences, Inc., a Delaware corporation (the “Company”), hereby promises to pay to the order of [BUYER] or its registered assigns (“Holder”) the amount set forth above as the Original Principal Amount (as reduced pursuant to the terms hereof pursuant to redemption or otherwise, the “Principal”) when due, whether upon the Maturity Date (as defined below), or upon acceleration, redemption or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”) on any outstanding Principal at the applicable Interest Rate (as defined below) from the date set forth above as the Issuance Date (the “Issuance Date”) until the same becomes due and payable, whether upon the Maturity Date, or upon acceleration, redemption or otherwise (in each case in accordance with the terms hereof).  This Senior Subordinated Note (including all Senior Subordinated Notes issued in exchange, transfer or replacement hereof, this “Note”) is the only Senior Subordinated Note issued pursuant to that certain Amendment and Exchange Agreement, dated May __, 2022 (the “Exchange Date”), by and between the Company and the Holder (the “Exchange Agreement”), in exchange, in part, for those certain Senior Subordinated Notes, with such aggregate principal amounts outstanding as of the Exchange Date as set forth on the signature page of the Holder to the Exchange Agreement (the “Original Notes”) issued pursuant to (x) the Company’s Registration Statement on Form S-3 (File number 333-258321) (the “Registration Statement”) and (y) and those certain Securities Purchase Agreements, dated as of such dates as specified on the signature page of the Holder to the Exchange Agreement (such earliest date, the “Subscription Date”), by and among the Company and the investors (the “Buyers”) referred to therein, as amended from time to time.  This Senior Subordinated Note is one of an issue of Senior Subordinated Notes (collectively, the “Notes”, and such other Senior Subordinated Notes, the “Other Notes”) issued pursuant to exchange agreements in the form of the Exchange Agreement, dated May __, 2022, each by and between the Company and a holder of an Other Note (the “Other Exchange Agreements”).  Certain capitalized terms used herein are defined in Section 27.

1.PAYMENTS OF PRINCIPAL.  On the Maturity Date, the Company shall pay to the Holder an amount in cash representing all outstanding Principal, accrued and unpaid Interest and accrued and unpaid Late Charges (as defined in Section 20(c)) on such Principal and Interest.  Other than as specifically permitted by this Note, the Company may not prepay any portion of the outstanding Principal, accrued and unpaid Interest or accrued and unpaid Late Charges on Principal and Interest, if any.
2.INTEREST; INTEREST RATE.
(a)The initial accrued, and unpaid, Interest on this Note, as of the Issuance Date, shall equal all accrued and unpaid interest on the Original Notes from the date of each issuance thereof, through and including, the time immediately prior to the Issuance Date.  On the Issuance Date, additional Interest on this Note shall commence accruing hereunder and shall be computed on the basis of a 360-day year and twelve 30-day months and shall be payable in arrears on the Maturity Date and shall compound each calendar month and shall be payable in accordance with the terms of this Note.  Interest shall be paid on the Maturity Date, to the record holder of this Note on the Maturity Date, in cash.
(b)Prior to the payment of Interest on the Maturity Date, Interest on this Note shall accrue at the Interest Rate and be payable by way of inclusion of the Interest in the Outstanding Amount upon any redemption in accordance with Section 8 or any required payment upon any Bankruptcy Event of Default.  From and after the occurrence and during the continuance of any Event of Default, the Interest Rate shall automatically be increased to eighteen percent (18.0%) per annum (the “Default Rate”).  In the event that such Event of Default is subsequently cured (and no other Event of Default then exists, including, without limitation, for the Company’s failure to pay such Interest at the Default Rate on the Maturity Date), the adjustment referred to in the preceding sentence shall cease to be effective as of the calendar day immediately following the date of such cure; provided that the Interest as calculated and unpaid at such increased rate during the continuance of such Event of Default shall continue to apply to the extent relating to the days after the occurrence of such Event of Default through and including the date of such cure of such Event of Default.
3.RIGHTS UPON EVENT OF DEFAULT.
(a)Event of Default.  Each of the following events shall constitute an “Event of Default” and each of the events in clauses (v), (vi) and (vii) shall constitute a “Bankruptcy Event of Default”:
(i)the suspension from trading or the failure of the Common Stock to be trading or listed (as applicable) on an Eligible Market for a period of five (5) consecutive Business Days;
(ii)the Company’s or any Subsidiary’s failure to pay to the Holder any amount of Principal, Interest, Late Charges or other amounts when and as due under this Note (including, without limitation, the Company’s or any Subsidiary’s failure to pay any redemption payments or amounts hereunder) or any other Transaction Document (as defined in the Securities Purchase Agreements) or any other agreement, document, certificate or other instrument delivered in connection with the transactions contemplated hereby and thereby, except, in the case of a failure to pay Interest and Late Charges when and as due, in which case only if such failure remains uncured for a period of at least two (2) Business Days;
2

(iii)the Company fails to remove any restrictive legend on any certificate or any shares of Common Stock (as defined in the Securities Purchase Agreements) issued to the Holder under the Securities Purchase Agreements and/or the Warrants (as defined in the Securities Purchase Agreements), as and when required by the Securities Purchase Agreements and/or the Warrants, as applicable, unless otherwise then prohibited by applicable federal securities laws, and any such failure remains uncured for at least five (5) days;
(iv)the occurrence of any default under, redemption of or acceleration prior to maturity of at least an aggregate of $150,000 of Indebtedness (as defined in the Securities Purchase Agreements) of the Company or any of its Subsidiaries, other than with respect to any Other Notes;
(v)bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings for the relief of debtors shall be instituted by or against the Company or any Subsidiary and, if instituted against the Company or any Subsidiary by a third party, shall not be dismissed within thirty (30) days of their initiation;
(vi)the commencement by the Company or any Subsidiary of a voluntary case or proceeding under any applicable federal, state or foreign bankruptcy, insolvency, reorganization or other similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by it to the entry of a decree, order, judgment or other similar document in respect of the Company or any Subsidiary in an involuntary case or proceeding under any applicable federal, state or foreign bankruptcy, insolvency, reorganization or other similar law or to the commencement of any bankruptcy or insolvency case or proceeding against it, or the filing by it of a petition or answer or consent seeking reorganization or relief under any applicable federal, state or foreign law, or the consent by it to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Subsidiary or of any substantial part of its property, or the making by it of an assignment for the benefit of creditors, or the execution of a composition of debts, or the occurrence of any other similar federal, state or foreign proceeding, or the admission by it in writing of its inability to pay its debts generally as they become due, the taking of corporate action by the Company or any Subsidiary in furtherance of any such action or the taking of any action by any Person to commence a Uniform Commercial Code foreclosure sale or any other similar action under federal, state or foreign law;
(vii)the entry by a court of (i) a decree, order, judgment or other similar document in respect of the Company or any Subsidiary of a voluntary or involuntary case or proceeding under any applicable federal, state or foreign bankruptcy, insolvency, reorganization or other similar law or (ii) a decree, order, judgment or other similar document adjudging the Company or any Subsidiary as bankrupt or insolvent, or approving as properly filed a petition seeking liquidation, reorganization, arrangement, adjustment or composition of or in respect of the Company or any Subsidiary under any applicable federal, state or foreign law or (iii) a decree, order, judgment or other similar document appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar official of the Company or any Subsidiary or of any substantial part of its property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree, order, judgment or other similar document or any such other decree, order, judgment or other similar document unstayed and in effect for a period of thirty (30) consecutive days;
3

(viii)a final judgment or judgments for the payment of money aggregating in excess of $150,000 are rendered against the Company and/or any of its Subsidiaries and which judgments are not, within thirty (30) days after the entry thereof, bonded, discharged, settled or stayed pending appeal, or are not discharged within thirty (30) days after the expiration of such stay; provided, however, any judgment which is covered by insurance or an indemnity from a credit worthy party shall not be included in calculating the $150,000 amount set forth above so long as the Company provides the Holder a written statement from such insurer or indemnity provider (which written statement shall be reasonably satisfactory to the Holder) to the effect that such judgment is covered by insurance or an indemnity and the Company or such Subsidiary (as the case may be) will receive the proceeds of such insurance or indemnity within thirty (30) days of the issuance of such judgment;
(ix)the Company and/or any Subsidiary, individually or in the aggregate, either (i) fails to pay, when due, or within any applicable grace period, any payment with respect to any Indebtedness in excess of $150,000 due to any third party (other than, with respect to unsecured Indebtedness only, payments contested by the Company and/or such Subsidiary (as the case may be) in good faith by proper proceedings and with respect to which adequate reserves have been set aside for the payment thereof in accordance with GAAP) or is otherwise in breach or violation of any agreement for monies owed or owing in an amount in excess of $150,000, which breach or violation permits the other party thereto to declare a default or otherwise accelerate amounts due thereunder, or (ii) suffer to exist any other circumstance or event that would, with or without the passage of time or the giving of notice, result in a default or event of default under any agreement binding the Company or any Subsidiary, which default or event of default would or is likely to have a material adverse effect on the business, assets, operations (including results thereof), liabilities, properties, condition (including financial condition) or prospects of the Company or any of its Subsidiaries, individually or in the aggregate;
(x)other than as specifically set forth in another clause of this Section 3(a), the Company or any Subsidiary breaches any representation or warranty, in any material respect (other than representations or warranties subject to material adverse effect or materiality, which may not be breached in any respect) or any covenant or other term or condition of any Transaction Document, except, in the case of a breach of a covenant or other term or condition that is curable, only if such breach remains uncured for a period of two (2) consecutive Business Days;
(xi)a false or inaccurate certification (including a false or inaccurate deemed certification) by the Company as to whether any Event of Default has occurred;
(xii)any breach or failure in any respect by the Company or any Subsidiary to comply with any provision of Section 10 of this Note;
(xiii)any Material Adverse Effect (as defined in the Securities Purchase Agreements) occurs; 
(xiv)any Change of Control occurs;
(xv)the Registration Statement fails to remain effective (or be timely supplemented, as applicable) and available for the issuances of securities (other than after such time as all securities issuable thereunder have been issued in full); and
4

(xvi)any Event of Default (as defined in the Other Notes) occurs with respect to any Other Notes.
(b)Notice of an Event of Default; Redemption Right.  Upon the occurrence of an Event of Default with respect to this Note or any Other Note, the Company shall within one (1) Business Day deliver written notice thereof via facsimile or electronic mail and overnight courier (with next day delivery specified) (an “Event of Default Notice”) to the Holder.  At any time after the earlier of the Holder’s receipt of an Event of Default Notice and the Holder becoming aware of an Event of Default, the Holder may require the Company to redeem (regardless of whether such Event of Default has been cured) all or any portion of this Note by delivering written notice thereof (the “Event of Default Redemption Notice”) to the Company, which Event of Default Redemption Notice shall indicate the portion of this Note the Holder is electing to redeem.  Each portion of this Note subject to redemption by the Company pursuant to this Section 3(b) shall be redeemed by the Company at a price in cash equal to the product of (A) the Outstanding Amount to be redeemed multiplied by (B) the Redemption Premium (the “Event of Default Redemption Price”).  Redemptions required by this Section 3(b) shall be made in accordance with the provisions of Section 8.  To the extent redemptions required by this Section 3(b) are deemed or determined by a court of competent jurisdiction to be prepayments of this Note by the Company, such redemptions shall be deemed to be voluntary prepayments.  In the event of the Company’s redemption of any portion of this Note under this Section 3(b), the Holder’s damages would be uncertain and difficult to estimate because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable substitute investment opportunity for the Holder.  Accordingly, any redemption premium due under this Section 3(b) is intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder’s actual loss of its investment opportunity and not as a penalty.  Any redemption upon an Event of Default shall not constitute an election of remedies by the Holder, and all other rights and remedies of the Holder shall be preserved.
(c)Mandatory Redemption upon Bankruptcy Event of Default.  Notwithstanding anything to the contrary herein, upon any Bankruptcy Event of Default, whether occurring prior to or following the Maturity Date, the Company shall immediately pay to the Holder an amount in cash representing (i) all outstanding Principal, accrued and unpaid Interest and accrued and unpaid Late Charges on such Principal and Interest, multiplied by (ii) the Redemption Premium, in addition to any and all other amounts due hereunder, without the requirement for any notice or demand or other action by the Holder or any other person or entity, provided that the Holder may, in its sole discretion, waive such right to receive payment upon a Bankruptcy Event of Default, in whole or in part, and any such waiver shall not affect any other rights of the Holder hereunder, including any other rights in respect of such Bankruptcy Event of Default, and any right to payment of the Event of Default Redemption Price or any other Redemption Price, as applicable.  
4.RIGHTS UPON FUNDAMENTAL TRANSACTION.
(a)Assumption.  The Company shall not enter into or be party to a Fundamental Transaction unless the Successor Entity assumes in writing all of the obligations of the Company under this Note and the other Transaction Documents in accordance with the provisions of this Section 4(a) pursuant to written agreements in form and substance satisfactory to the Required Holders (as defined in the Securities Purchase Agreements) and approved by the Required Holders prior to such Fundamental Transaction, including agreements to deliver to each holder of Notes in exchange for such Notes a security of the Successor Entity evidenced by a written instrument substantially 
5

similar in form and substance to the Notes, including, without limitation, having a principal amount and interest rate equal to the principal amounts then outstanding and the interest rates of the Notes held by such holder, having similar ranking and security to the Notes, and satisfactory to the Required Holders.  Upon the occurrence of any Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this Note and the other Transaction Documents referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Note and the other Transaction Documents with the same effect as if such Successor Entity had been named as the Company herein.  The provisions of this Section 4 shall apply similarly and equally to successive Fundamental Transactions.
5.REDEMPTIONS AT THE COMPANY’S ELECTION. 
(a)Company Optional Redemption.  At any time after the Issuance Date, the Company shall have the right to redeem all, or any portion, of the Outstanding Amount then remaining under this Note (the “Company Optional Redemption Amount”) on the Company Optional Redemption Date (each as defined below) (a “Company Optional Redemption”).  The portion of this Note subject to redemption pursuant to this Section 5 shall be redeemed by the Company in cash at a price (the “Company Optional Redemption Price”) equal to 100% (or, if an Event of Default has occurred and is continuing, the Redemption Premium) of the Outstanding Amount being redeemed as of the Company Optional Redemption Date.  The Company may exercise its right to require redemption under this Section 5 by delivering a written notice thereof by facsimile or electronic mail and overnight courier to all, but not less than all, of the holders of Notes (the “Company Optional Redemption Notice” and the date all of the holders of Notes received such notice is referred to as the “Company Optional Redemption Notice Date”).  The Company may deliver only one Company Optional Redemption Notice hereunder in any twenty (20) Business Day period and such Company Optional Redemption Notice shall be irrevocable.  The Company Optional Redemption Notice shall (x) state the date on which the Company Optional Redemption shall occur (the “Company Optional Redemption Date”) which date shall not be less than two (2) Business Days nor more than twenty (20) Business Days following the Company Optional Redemption Notice Date, any (y) state the aggregate Outstanding Amount of the Notes which is being redeemed in such Company Optional Redemption from the Holder and all of the other holders of the Notes pursuant to this Section 5 (and analogous provisions under the Other Notes) on the Company Optional Redemption Date.  Redemptions made pursuant to this Section 5 shall be made in accordance with Section 8.  In the event of the Company’s redemption of any portion of this Note under this Section 5, the Holder’s damages would be uncertain and difficult to estimate because of the parties’ inability to predict future interest rates and the uncertainty of the availability of a suitable substitute investment opportunity for the Holder.  Accordingly, any redemption premium due under this Section 5 is intended by the parties to be, and shall be deemed, a reasonable estimate of the Holder’s actual loss of its investment opportunity and not as a penalty.  For the avoidance of doubt, the Company shall have no right to effect a Company Optional Redemption if any Event of Default has occurred and continuing.  
(b)Pro Rata Redemption Requirement.  If the Company elects to cause a Company Optional Redemption of this Note pursuant to Section 5, then it must simultaneously take the same action with respect to all of the Other Notes.
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6.SUBSEQUENT TRANSACTION OPTIONAL REDEMPTION
(a)General.  On or prior to the occurrence of any Subsequent Transaction, the Company shall deliver written notice to the Holder setting forth (i) a reasonable description of such Subsequent Transaction, (ii) the aggregate cash amount to be paid in such Subsequent Transaction, (iii) the Company’s reasonable estimate of the fair market value of the aggregate non-cash amount, if any, to be paid in such Subsequent Transaction, (iv) the reasonable placement agent, underwriter and/or legal fees and expenses, as applicable, to be paid in cash in such Subsequent Transaction and (v) the Company’s calculations of the Eligible Subsequent Transaction Optional Redemption Amount (as defined below) with respect thereto.  At any time from and after the earlier of (x) the date the Holder becomes aware of the occurrence of an Subsequent Transaction (the “Holder Notice Date”) and (y) the time of consummation of such Subsequent Transaction (in each case, other than with respect to Excluded Securities, but including any securities issued pursuant to any Permitted Equity Line (as defined in the Securities Purchase Agreements) (each, an “Eligible Subsequent Transaction”)), the Holder shall have the right, in its sole discretion, to require that the Company redeem (each an “Subsequent Transaction Optional Redemption”) all, or any portion, of the Outstanding Amount under this Note not in excess of the Holder’s Holder Pro Rata Amount of 100% of the gross cash proceeds (less any reasonable placement agent, underwriter and/or legal fees and expenses), in the aggregate))) of such Eligible Subsequent Transaction (the “Eligible Subsequent Transaction Optional Redemption Amount”) by delivering written notice thereof (an “Subsequent Transaction Optional Redemption Notice”) to the Company.  Notwithstanding the foregoing, if the Holder is participating in an Eligible Subsequent Transaction, upon the written request of the Holder, the Company shall apply all, or any part, as set forth in such written request, of any amounts that would otherwise be payable to the Holder in such Subsequent Transaction Optional Redemption, on a dollar-for-dollar basis, against the purchase price of the securities to be purchased by the Holder in such Eligible Subsequent Transaction.  
(b)Mechanics.  The Subsequent Transaction Optional Redemption Notice shall indicate that all, or such applicable portion, as set forth in the applicable Subsequent Transaction Optional Redemption Notice, of the Eligible Subsequent Transaction Optional Redemption Amount the Holder is electing to have redeemed (the “Subsequent Transaction Optional Redemption Amount”) and the date of such Subsequent Transaction Optional Redemption (the “Subsequent Transaction Optional Redemption Date”), which shall be the later of (x) the fifth (5th) Business Day after the date of the applicable Subsequent Transaction Optional Redemption Notice and (y) the date of the consummation of such Eligible Subsequent Transaction.  The portion of this Note subject to redemption pursuant to this Section 6 shall be redeemed by the Company in cash at a price equal to 100% of the Subsequent Transaction Optional Redemption Amount (the “Subsequent Transaction Optional Redemption Price”).  Redemptions required by this Section 6 shall be made in accordance with the provisions of Section 8.
(c)Cancellation Upon Failure to Participate in Qualified Underwritten Offering.  Notwithstanding the foregoing, if (i) the Company consummates an Eligible Subsequent Transaction consisting of a bona fide underwritten public offering of Common Stock and/or Options (the “Underwritten Securities”) on or prior to the Maturity Date resulting in aggregate gross proceeds to the Company of at least $20 million and with an offering price per share of Common Stock of no less than $0.05 per share (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events after the Subscription Date) and no greater than $0.25 per share (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations and similar events after the Subscription Date) (a “Qualified Underwritten Offering”), (ii) 
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the Holder is offered a bone fide and reasonable opportunity to participate in such Qualified Underwritten Offering (at a purchase price per Underwritten Security (or unit of Underwritten Securities, as applicable) equal to the lowest such purchase price offered to any other participant in such Qualified Underwritten Offering) and to acquire and purchase such aggregate amount of Underwritten Securities with an aggregate purchase price at least equal to the applicable Subsequent Transaction Optional Redemption Price (or such lesser number of Underwritten Securities as the Holder may desire to acquire at such time pursuant to such offer), (iii) the Holder voluntarily (x) does not participate in such Qualified Underwritten Offering or (y) elects to acquire Underwritten Securities with a purchase price of less than 25% of such Subsequent Transaction Optional Redemption Price, (iv) no Event of Default has occurred and is then continuing, (v) no Equity Conditions Failure then exists and (vi) such Qualified Underwritten Offering was conducted in full compliance with Section 4(p) of the Securities Purchase Agreements (as such may be amended, modified or waived, from time to time, by the Required Holders with respect thereto), then (A) such applicable Subsequent Transaction Optional Redemption hereunder shall be null and void solely with respect to such Qualified Underwritten Offering (and not with respect to any other Eligible Subsequent Transaction or any other subsequent Qualified Underwritten Offering) and (B) the date of “August 1, 2022” in the definition of “Maturity Date” below, shall be deemed to be automatically replaced with “the three month anniversary of the initial closing of such Qualified Underwritten Offering”.  This Section 6(c) shall only apply to the first Qualified Underwritten Offering that occurs after the date hereof (the “Initial Qualified Underwritten Offering”) and not with respect to any subsequent Qualified Underwritten Offerings.  Notwithstanding anything herein to the contrary, and solely with respect to the cash payment of any Subsequent Transaction Optional Redemption Amount hereunder (or pursuant to any Other Note) and not with respect to any other term or condition of this Section 6, if the gross proceeds of the Initial Qualified Underwritten Offering is at least $20 million, the Company shall be permitted to keep such initial $20 million of gross proceeds from such Initial Qualified Underwritten Offering and, in connection therewith, any Subsequent Transaction Optional Redemption Amount hereunder (or pursuant to any Other Note) shall be correspondingly reduced, pro rata (calculated based upon the aggregate principal amount of the Notes subject to such cash redemption (in each case, after giving effect to any reduction in such Subsequent Transaction Optional Redemption Amounts (as defined in each of the Notes) for any purchase price paid by any applicable holder of Notes for securities in such Initial Qualified Underwritten Offering)).
7.NONCIRCUMVENTION.  The Company hereby covenants and agrees that the Company will not, by amendment of its Certificate of Incorporation (as defined in the Securities Purchase Agreements), Bylaws (as defined in the Securities Purchase Agreements) or through any reorganization, transfer of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Note, and will at all times in good faith carry out all of the provisions of this Note and take all action as may be required to protect the rights of the Holder of this Note. 
8.REDEMPTIONS.
(a)Mechanics.  The Company shall deliver the applicable Event of Default Redemption Price to the Holder in cash within five (5) Business Days after the Company’s receipt of the Holder’s Event of Default Redemption Notice.  The Company shall deliver the applicable Company Optional Redemption Price to the Holder in cash on the applicable Company Optional Redemption Date.  Notwithstanding anything herein to the contrary, in connection with any redemption hereunder at a time the Holder is entitled to receive a cash payment under any of the other Transaction Documents, at the option of 
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the Holder delivered in writing to the Company, the applicable Redemption Price hereunder shall be increased by the amount of such cash payment owed to the Holder under such other Transaction Document and, upon payment in full in accordance herewith, shall satisfy the Company’s payment obligation under such other Transaction Document.  In the event of a redemption of less than all of the Outstanding Amount of this Note, the Company shall promptly cause to be issued and delivered to the Holder a new Note (in accordance with Section 14(d)) representing the outstanding Principal which has not been redeemed.  In the event that the Company does not pay the applicable Redemption Price to the Holder within the time period required, at any time thereafter and until the Company pays such unpaid Redemption Price in full, the Holder shall have the option, in lieu of redemption, to require the Company to promptly return to the Holder all or any portion of this Note representing the Outstanding Amount that was submitted for redemption and for which the applicable Redemption Price (together with any Late Charges thereon) has not been paid.  Upon the Company’s receipt of such notice, (x) the applicable Redemption Notice shall be null and void with respect to such Outstanding Amount, and (y) the Company shall immediately return this Note, or issue a new Note (in accordance with Section 14(d)), to the Holder, and in each case the principal amount of this Note or such new Note (as the case may be) shall be increased by an amount equal to the difference between (1) the applicable Redemption Price (as the case may be, and as adjusted pursuant to this Section 8, if applicable) minus (2) the Principal portion of the Outstanding Amount submitted for redemption.  The Holder’s delivery of a notice voiding a Redemption Notice and exercise of its rights following such notice shall not affect the Company’s obligations to make any payments of Late Charges which have accrued prior to the date of such notice with respect to the Outstanding Amount subject to such notice.
(b)Redemption by Other Holders.  Upon the Company’s receipt of notice from any of the holders of the Other Notes for redemption or repayment as a result of an event or occurrence substantially similar to the events or occurrences described in Section 6 (each, an “Other Redemption Notice”), the Company shall immediately, but no later than one (1) Business Day of its receipt thereof, forward to the Holder by facsimile or electronic mail a copy of such notice.  If the Company receives a Redemption Notice and one or more Other Redemption Notices, during the seven (7) Business Day period beginning on and including the date which is two (2) Business Days prior to the Company’s receipt of the Holder’s applicable Redemption Notice and ending on and including the date which is two (2) Business Days after the Company’s receipt of the Holder’s applicable Redemption Notice and the Company is unable to redeem all principal, interest and other amounts designated in such Redemption Notice and such Other Redemption Notices received during such seven (7) Business Day period, then the Company shall redeem a pro rata amount from each holder of the Notes (including the Holder) based on the principal amount of the Notes submitted for redemption pursuant to such Redemption Notice and such Other Redemption Notices received by the Company during such seven (7) Business Day period.
9.VOTING RIGHTS.  The Holder shall have no voting rights as the holder of this Note, except as required by law and as expressly provided in this Note.
10.COVENANTS.  Until all of the Notes have been redeemed or otherwise satisfied in accordance with their terms:
(a)Rank. All payments due under this Note (a) shall rank pari passu with all Other Notes and (b) shall be senior to all other Indebtedness of the Company and its Subsidiaries (other than Permitted Senior Indebtedness).
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(b)Incurrence of Indebtedness.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, incur or guarantee, assume or suffer to exist any Indebtedness (other than (i) the Indebtedness evidenced by this Note and the Other Notes and (ii) other Permitted Indebtedness).
(c)Existence of Liens.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, allow or suffer to exist any mortgage, lien, pledge, charge, security interest or other encumbrance upon or in any property or assets (including accounts and contract rights) owned by the Company or any of its Subsidiaries (collectively, “Liens”) other than Permitted Liens.
(d)Restricted Payments.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, redeem, defease, repurchase, repay or make any payments in respect of, by the payment of cash or cash equivalents (in whole or in part, whether by way of open market purchases, tender offers, private transactions or otherwise), all or any portion of any Indebtedness (other than the Notes) whether by way of payment in respect of principal of (or premium, if any) or interest on, such Indebtedness if at the time such payment is due or is otherwise made or, after giving effect to such payment, (i) an event constituting an Event of Default has occurred and is continuing or (ii) an event that with the passage of time and without being cured would constitute an Event of Default has occurred and is continuing.
(e)Restriction on Redemption and Cash Dividends.  Except with respect to the Company’s existing obligations to the holders of shares of Series B-2 Preferred Stock (as defined in the Securities Purchase Agreements) as in effect as of the Subscription Date (without regard to any amendment, modification or waiver on or after the Subscription Date), the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, redeem, repurchase or declare or pay any cash dividend or distribution on any of its capital stock.
(f)Restriction on Transfer of Assets.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, sell, lease, license, assign, transfer, spin-off, split-off, close, convey or otherwise dispose of any assets or rights of the Company or any Subsidiary owned or hereafter acquired whether in a single transaction or a series of related transactions, other than (i) Permitted Dispositions, (ii) sales, leases, licenses, assignments, transfers, conveyances and other dispositions of such assets or rights by the Company and its Subsidiaries in the ordinary course of business consistent with its past practice and (iii) sales of inventory and product in the ordinary course of business.
(g)Maturity of Indebtedness.  Except with respect to the Permitted Indebtedness set forth on Schedule 10(g) attached hereto, the Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, permit any Indebtedness of the Company or any of its Subsidiaries to mature or accelerate prior to the Maturity Date.
(h)Change in Nature of Business.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, engage in any material line of business substantially different from those lines of business conducted by or publicly contemplated to be conducted by the Company and each of its Subsidiaries on the Subscription Date or any business substantially related or incidental thereto.  The Company shall not, and the Company shall cause each of its Subsidiaries to not, directly or indirectly, modify its or their corporate structure or purpose.
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(i)Preservation of Existence, Etc.  The Company shall maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, its existence, rights and privileges, and become or remain, and cause each of its Subsidiaries to become or remain, duly qualified and in good standing in each jurisdiction in which the character of the properties owned or leased by it or in which the transaction of its business makes such qualification necessary.
(j)Maintenance of Properties, Etc.  The Company shall maintain and preserve, and cause each of its Subsidiaries to maintain and preserve, all of its properties which are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear and tear excepted, and comply, and cause each of its Subsidiaries to comply, at all times with the provisions of all leases to which it is a party as lessee or under which it occupies property, so as to prevent any loss or forfeiture thereof or thereunder.
(k)Maintenance of Intellectual Property.  The Company will, and will cause each of its Subsidiaries to, take all action necessary or advisable to maintain all of the Intellectual Property Rights (as defined in the Securities Purchase Agreements) of the Company and/or any of its Subsidiaries that are necessary or material to the conduct of its business in full force and effect.
(l)Maintenance of Insurance.  The Company shall maintain, and cause each of its Subsidiaries to maintain, insurance with responsible and reputable insurance companies or associations (including, without limitation, comprehensive general liability, hazard, rent and business interruption insurance) with respect to its properties (including all real properties leased or owned by it) and business, in such amounts and covering such risks as is required by any governmental authority having jurisdiction with respect thereto or as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated.
(m)Transactions with Affiliates.  The Company shall not, nor shall it permit any of its Subsidiaries to, enter into, renew, extend or be a party to, any transaction or series of related transactions (including, without limitation, the purchase, sale, lease, transfer or exchange of property or assets of any kind or the rendering of services of any kind) with any Affiliate, except transactions in the ordinary course of business in a manner and to an extent consistent with past practice and necessary or desirable for the prudent operation of its business, for fair consideration and on terms no less favorable to it or its Subsidiaries than would be obtainable in a comparable arm’s length transaction with a Person that is not an Affiliate thereof.
(n)Restricted Issuances.  The Company shall not, directly or indirectly, without the prior written consent of the holders of a majority in aggregate principal amount of the Notes then outstanding, (i) issue any Notes (other than as contemplated by the Securities Purchase Agreements and the Notes) or (ii) issue any other securities that would cause a breach or default under the Notes.
(o)Independent Investigation.  At the request of the Holder either (x) at any time when an Event of Default has occurred and is continuing, (y) upon the occurrence of an event that with the passage of time or giving of notice would constitute an Event of Default or (z) at any time the Holder reasonably believes an Event of Default may have occurred or be continuing, the Company shall hire an independent, reputable investment bank selected by the Company and approved by the Holder to investigate as to whether any breach of this Note has occurred (the “Independent Investigator”).  If the Independent Investigator determines that such breach of this Note has occurred, the 
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Independent Investigator shall notify the Company of such breach and the Company shall deliver written notice to each holder of a Note of such breach.  In connection with such investigation, the Independent Investigator may, during normal business hours, inspect all contracts, books, records, personnel, offices and other facilities and properties of the Company and its Subsidiaries and, to the extent available to the Company after the Company uses reasonable efforts to obtain them, the records of its legal advisors and accountants (including the accountants’ work papers) and any books of account, records, reports and other papers not contractually required of the Company to be confidential or secret, or subject to attorney-client or other evidentiary privilege, and the Independent Investigator may make such copies and inspections thereof as the Independent Investigator may reasonably request.  The Company shall furnish the Independent Investigator with such financial and operating data and other information with respect to the business and properties of the Company as the Independent Investigator may reasonably request.  The Company shall permit the Independent Investigator to discuss the affairs, finances and accounts of the Company with, and to make proposals and furnish advice with respect thereto to, the Company’s officers, directors, key employees and independent public accountants or any of them (and by this provision the Company authorizes said accountants to discuss with such Independent Investigator the finances and affairs of the Company and any Subsidiaries), all at such reasonable times, upon reasonable notice, and as often as may be reasonably requested.
11.SUBORDINATION.  Notwithstanding anything to the contrary contained in the Transaction Documents, the rights of the Holder to receive any cash payments hereunder, shall be expressly subordinate and junior in right of payment to the prior the satisfaction in full of any amounts outstanding (other than unasserted contingent obligations) pursuant to the terms of the Permitted Senior Indebtedness as in effect as of the Subscription Date (without regard to any amendment, modification or waiver thereto after the Subscription Date); provided, that nothing herein shall be deemed to subordinate (a) the Holder’s right (to the extent established pursuant to one or more definitive agreements with the Company after the date hereof) to receive any equity security(ies) of the Company in exchange for all, or any part, of the Outstanding Amount hereunder (or any other amounts outstanding hereunder from time to time, as applicable) (each, an “Exchange Security”) or (b) any cash or other proceeds received, directly or indirectly, by the Holder from the sale or other disposition of any such Exchange Security.  The subordination provisions set forth in this Section are for the benefit of the holders of the Permitted Senior Indebtedness.  No right of any agent for the holders of the Senior Permitted Indebtedness to enforce the subordination provisions herein shall at any time in any way be prejudiced or impaired by any act or failure to act on the part of the Company or the Holder or by any noncompliance by the Company or the Holder with the terms herein.  The holders of the Senior Permitted Indebtedness and their respective agents shall be a third party beneficiaries of the subordination provisions set forth in this Section 11.
12.AMENDING THE TERMS OF THIS NOTE.  The prior written consent of the Holder shall be required for any change, waiver or amendment to this Note.
13.TRANSFER.  This Note may be offered, sold, assigned or transferred by the Holder without the consent of the Company.
14.REISSUANCE OF THIS NOTE.
(a)Transfer.  If this Note is to be transferred, the Holder shall surrender this Note to the Company, whereupon the Company will forthwith issue and deliver upon the order of the Holder a new Note (in accordance with Section 14(d)), registered as the Holder may request, representing the outstanding Principal being transferred by the Holder and, if less than the entire outstanding Principal is being transferred, a new Note 
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(in accordance with Section 14(d)) to the Holder representing the outstanding Principal not being transferred.  The Holder and any assignee, by acceptance of this Note, acknowledge and agree that, following redemption of any portion of this Note, the outstanding Principal represented by this Note may be less than the Principal stated on the face of this Note.
(b)Lost, Stolen or Mutilated Note. Upon receipt by the Company of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of this Note (as to which a written certification and the indemnification contemplated below shall suffice as such evidence), and, in the case of loss, theft or destruction, of any indemnification undertaking by the Holder to the Company in customary and reasonable form and, in the case of mutilation, upon surrender and cancellation of this Note, the Company shall execute and deliver to the Holder a new Note (in accordance with Section 14(d)) representing the outstanding Principal.
(c)Note Exchangeable for Different Denominations.  This Note is exchangeable, upon the surrender hereof by the Holder at the principal office of the Company, for a new Note or Notes (in accordance with Section 14(d) and in principal amounts of at least $1,000) representing in the aggregate the outstanding Principal of this Note, and each such new Note will represent such portion of such outstanding Principal as is designated by the Holder at the time of such surrender.
(d)Issuance of New Notes.  Whenever the Company is required to issue a new Note pursuant to the terms of this Note, such new Note (i) shall be of like tenor with this Note, (ii) shall represent, as indicated on the face of such new Note, the Principal remaining outstanding (or in the case of a new Note being issued pursuant to Section 14(a) or Section 14(c), the Principal designated by the Holder which, when added to the principal represented by the other new Notes issued in connection with such issuance, does not exceed the Principal remaining outstanding under this Note immediately prior to such issuance of new Notes), (iii) shall have an issuance date, as indicated on the face of such new Note, which is the same as the Issuance Date of this Note, (iv) shall have the same rights and conditions as this Note, and (v) shall represent accrued and unpaid Interest and Late Charges on the Principal and Interest of this Note, from the Issuance Date.
15.REMEDIES, CHARACTERIZATIONS, OTHER OBLIGATIONS, BREACHES AND INJUNCTIVE RELIEF.  The remedies provided in this Note shall be cumulative and in addition to all other remedies available under this Note and any of the other Transaction Documents at law or in equity (including a decree of specific performance and/or other injunctive relief), and nothing herein shall limit the Holder’s right to pursue actual and consequential damages for any failure by the Company to comply with the terms of this Note.  No failure on the part of the Holder to exercise, and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by the Holder of any right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy.  In addition, the exercise of any right or remedy of the Holder at law or equity or under this Note or any of the documents shall not be deemed to be an election of Holder’s rights or remedies under such documents or at law or equity.  The Company covenants to the Holder that there shall be no characterization concerning this instrument other than as expressly provided herein.  Amounts set forth or provided for herein with respect to payments, redemptions and the like (and the computation thereof) shall be the amounts to be received by the Holder and shall not, except as expressly provided herein, be subject to any other obligation of the Company (or the performance thereof).  The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder and that the remedy at law for any such breach may be inadequate.  The Company 
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therefore agrees that, in the event of any such breach or threatened breach, the Holder shall be entitled, in addition to all other available remedies, to specific performance and/or temporary, preliminary and permanent injunctive or other equitable relief from any court of competent jurisdiction in any such case without the necessity of proving actual damages and without posting a bond or other security.  The Company shall provide all information and documentation to the Holder that is requested by the Holder to enable the Holder to confirm the Company’s compliance with the terms and conditions of this Note.
16.PAYMENT OF COLLECTION, ENFORCEMENT AND OTHER COSTS.  If (a) this Note is placed in the hands of an attorney for collection or enforcement or is collected or enforced through any legal proceeding or the Holder otherwise takes action to collect amounts due under this Note or to enforce the provisions of this Note or (b) there occurs any bankruptcy, reorganization, receivership of the Company or other proceedings affecting Company creditors’ rights and involving a claim under this Note, then the Company shall pay the costs incurred by the Holder for such collection, enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, without limitation, attorneys’ fees and disbursements.  The Company expressly acknowledges and agrees that no amounts due under this Note shall be affected, or limited, by the fact that the purchase price paid for this Note was less than the original Principal amount hereof.
17.CONSTRUCTION; HEADINGS.  This Note shall be deemed to be jointly drafted by the Company and the initial Holder and shall not be construed against any such Person as the drafter hereof.  The headings of this Note are for convenience of reference and shall not form part of, or affect the interpretation of, this Note.  Unless the context clearly indicates otherwise, each pronoun herein shall be deemed to include the masculine, feminine, neuter, singular and plural forms thereof.  The terms “including,” “includes,” “include” and words of like import shall be construed broadly as if followed by the words “without limitation.” The terms “herein,” “hereunder,” “hereof” and words of like import refer to this entire Note instead of just the provision in which they are found.  Unless expressly indicated otherwise, all section references are to sections of this Note.  Terms used in this Note and not otherwise defined herein, but defined in the other Transaction Documents, shall have the meanings ascribed to such terms on the Exchange Date in such other Transaction Documents unless otherwise consented to in writing by the Holder.
18.FAILURE OR INDULGENCE NOT WAIVER.  No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privilege.  No waiver shall be effective unless it is in writing and signed by an authorized representative of the waiving party.
19.DISPUTE RESOLUTION. 
(a)Submission to Dispute Resolution.
(i)In the case of a dispute relating to a fair market value of any asset or the arithmetic calculation of the applicable Redemption Price (as the case may be) (including, without limitation, a dispute relating to the determination of any of the foregoing), the Company or the Holder (as the case may be) shall submit the dispute to the other party via facsimile or electronic mail (A) if by the Company, within two (2) Business Days after the occurrence of the circumstances giving rise to such dispute or (B) if by the Holder at any time after the Holder learned of the circumstances giving rise to such dispute.  If the Holder and the Company are unable to promptly resolve such dispute relating to such fair market value of any asset, or the arithmetic calculation of such applicable Redemption Price (as the 
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case may be), at any time after the second (2nd) Business Day following such initial notice by the Company or the Holder (as the case may be) of such dispute to the Company or the Holder (as the case may be), then the Holder may, at its sole option, select an independent, reputable investment bank to resolve such dispute.
(ii)The Holder and the Company shall each deliver to such investment bank (A) a copy of the initial dispute submission so delivered in accordance with the first sentence of this Section 19 and (B) written documentation supporting its position with respect to such dispute, in each case, no later than 5:00 p.m. (New York time) by the fifth (5th) Business Day immediately following the date on which the Holder selected such investment bank (the “Dispute Submission Deadline”) (the documents referred to in the immediately preceding clauses (A) and (B) are collectively referred to herein as the “Required Dispute Documentation”) (it being understood and agreed that if either the Holder or the Company fails to so deliver all of the Required Dispute Documentation by the Dispute Submission Deadline, then the party who fails to so submit all of the Required Dispute Documentation shall no longer be entitled to (and hereby waives its right to) deliver or submit any written documentation or other support to such investment bank with respect to such dispute and such investment bank shall resolve such dispute based solely on the Required Dispute Documentation that was delivered to such investment bank prior to the Dispute Submission Deadline).  Unless otherwise agreed to in writing by both the Company and the Holder or otherwise requested by such investment bank, neither the Company nor the Holder shall be entitled to deliver or submit any written documentation or other support to such investment bank in connection with such dispute (other than the Required Dispute Documentation).
(iii)The Company and the Holder shall cause such investment bank to determine the resolution of such dispute and notify the Company and the Holder of such resolution no later than ten (10) Business Days immediately following the Dispute Submission Deadline.  The fees and expenses of such investment bank shall be borne solely by the Company, and such investment bank’s resolution of such dispute shall be final and binding upon all parties absent manifest error.
(b)Miscellaneous.  The Company expressly acknowledges and agrees that (i) this Section 19 constitutes an agreement to arbitrate between the Company and the Holder (and constitutes an arbitration agreement) under § 7501, et seq.  of the New York Civil Practice Law and Rules (“CPLR”) and that the Holder is authorized to apply for an order to compel arbitration pursuant to CPLR § 7503(a) in order to compel compliance with this Section 19, (ii) the terms of this Note and each other applicable Transaction Document shall serve as the basis for the selected investment bank’s resolution of the applicable dispute, such investment bank shall be entitled (and is hereby expressly authorized) to make all findings, determinations and the like that such investment bank determines are required to be made by such investment bank in connection with its resolution of such dispute and in resolving such dispute such investment bank shall apply such findings, determinations and the like to the terms of this Note and any other applicable Transaction Documents, (iii) the Holder (and only the Holder), in its sole discretion, shall have the right to submit any dispute described in this Section 19 to any state or federal court sitting in The City of New York, Borough of Manhattan in lieu of utilizing the procedures set forth in this Section 19 and (iv) nothing in this Section 19 shall limit the Holder from obtaining any injunctive relief or other equitable remedies (including, without limitation, with respect to any matters described in this Section 19).
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20.NOTICES; CURRENCY; PAYMENTS.
(a)Notices.  Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance with Section 9(f) of the Securities Purchase Agreements.  The Company shall provide the Holder with prompt written notice of all actions taken pursuant to this Note, including in reasonable detail a description of such action and the reason therefore.  
(b)Currency.  All dollar amounts referred to in this Note are in United States Dollars (“U.S. Dollars”), and all amounts owing under this Note shall be paid in U.S. Dollars.  All amounts denominated in other currencies (if any) shall be converted into the U.S. Dollar equivalent amount in accordance with the Exchange Rate on the date of calculation.  “Exchange Rate” means, in relation to any amount of currency to be converted into U.S. Dollars pursuant to this Note, the U.S. Dollar exchange rate as published in the Wall Street Journal on the relevant date of calculation (it being understood and agreed that where an amount is calculated with reference to, or over, a period of time, the date of calculation shall be the final date of such period of time).
(c)Payments.  Whenever any payment of cash is to be made by the Company to any Person pursuant to this Note, unless otherwise expressly set forth herein, such payment shall be made in lawful money of the United States of America by a certified check drawn on the account of the Company and sent via overnight courier service to such Person at such address as previously provided to the Company in writing (which address, in the case of each of the Buyers, shall initially be as set forth on the Schedule of Buyers attached to the Securities Purchase Agreements), provided that the Holder may elect to receive a payment of cash via wire transfer of immediately available funds by providing the Company with prior written notice setting out such request and the Holder’s wire transfer instructions.  Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a Business Day, the same shall instead be due on the next succeeding day which is a Business Day. Any amount of Principal or other amounts due under the Transaction Documents which is not paid when due shall result in a late charge being incurred and payable by the Company in an amount equal to interest on such amount at the rate of eighteen percent (18%) per annum from the date such amount was due until the same is paid in full (“Late Charge”).  
21.CANCELLATION.  After all Principal, accrued Interest, Late Charges and other amounts at any time owed on this Note have been paid in full, this Note shall automatically be deemed canceled, shall be surrendered to the Company for cancellation and shall not be reissued.
22.WAIVER OF NOTICE.  To the extent permitted by law, the Company hereby irrevocably waives demand, notice, presentment, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Note and the Securities Purchase Agreements.
23.GOVERNING LAW.  This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New York. Except as otherwise required by Section 19 above, the Company hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim 
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that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.  Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.  Nothing contained herein (i) shall be deemed or operate to preclude the Holder from bringing suit or taking other legal action against the Company in any other jurisdiction to collect on the Company’s obligations to the Holder, to realize on any collateral or any other security for such obligations, or to enforce a judgment or other court ruling in favor of the Holder or (ii) shall limit, or shall be deemed or construed to limit, any provision of Section 19. THE COMPANY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE TO, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS NOTE OR ANY TRANSACTION CONTEMPLATED HEREBY.
24.JUDGMENT CURRENCY.
(a)If for the purpose of obtaining or enforcing judgment against the Company in any court in any jurisdiction it becomes necessary to convert into any other currency (such other currency being hereinafter in this Section 24 referred to as the “Judgment Currency”) an amount due in U.S. dollars under this Note, the conversion shall be made at the Exchange Rate prevailing on the Business Day immediately preceding:
(i)the date actual payment of the amount due, in the case of any proceeding in the courts of New York or in the courts of any other jurisdiction that will give effect to such conversion being made on such date: or 
(ii)the date on which the foreign court determines, in the case of any proceeding in the courts of any other jurisdiction (the date as of which such conversion is made pursuant to this Section 24(a)(ii) being hereinafter referred to as the “Judgment Conversion Date”).
(b)If in the case of any proceeding in the court of any jurisdiction referred to in Section 24(a)(ii) above, there is a change in the Exchange Rate prevailing between the Judgment Conversion Date and the date of actual payment of the amount due, the applicable party shall pay such adjusted amount as may be necessary to ensure that the amount paid in the Judgment Currency, when converted at the Exchange Rate prevailing on the date of payment, will produce the amount of US dollars which could have been purchased with the amount of Judgment Currency stipulated in the judgment or judicial order at the Exchange Rate prevailing on the Judgment Conversion Date.
(c)Any amount due from the Company under this provision shall be due as a separate debt and shall not be affected by judgment being obtained for any other amounts due under or in respect of this Note.
25.SEVERABILITY.  If any provision of this Note is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect the validity of the remaining provisions of this Note so long as this Note as so modified continues to express, without material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations of the parties or the practical realization of the benefits that would 
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otherwise be conferred upon the parties.  The parties will endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s), the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).
26.MAXIMUM PAYMENTS.  Without limiting Section 9(d) of the Securities Purchase Agreements, nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law.  In the event that the rate of interest required to be paid or other charges hereunder exceed the maximum permitted by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Holder and thus refunded to the Company.
27.CERTAIN DEFINITIONS.  For purposes of this Note, the following terms shall have the following meanings:
(a)“1933 Act” means the Securities Act of 1933, as amended, and the rules and regulations thereunder.
(b) “Affiliate” means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control with, such Person, it being understood for purposes of this definition that “control” of a Person means the power directly or indirectly either to vote 10% or more of the stock having ordinary voting power for the election of directors of such Person or direct or cause the direction of the management and policies of such Person whether by contract or otherwise.
(c)“Approved Stock Plan” means any employee benefit plan which has been approved by the board of directors of the Company prior to or subsequent to the date hereof pursuant to which shares of Common Stock and standard options to purchase Common Stock may be issued to any employee, officer or director for services provided to the Company in their capacity as such.
(d) “Bloomberg” means Bloomberg, L.P.
(e)“Business Day” means any day other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed; provided, however, for clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to “stay at home”, “shelter-in-place”, “non-essential employee”  or any other similar orders or restrictions or the closure of any physical branch locations at the direction of any governmental authority so long as the electronic funds transfer systems (including for wire transfers) of commercial banks in The City of New York generally are open for use by customers on such day.
(f)“Change of Control” means any Fundamental Transaction other than (i) any merger of the Company or any of its, direct or indirect, wholly-owned Subsidiaries with or into any of the foregoing Persons, (ii) any reorganization, recapitalization or reclassification of the shares of Common Stock in which holders of the Company’s voting power immediately prior to such reorganization, recapitalization or reclassification continue after such reorganization, recapitalization or reclassification to hold publicly traded securities and, directly or indirectly, are, in all material respects, the holders of the voting power of the surviving entity (or entities with the authority or voting power to elect the members of the board of directors (or their equivalent if other than a corporation) of such entity or entities) after such reorganization, recapitalization or 
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reclassification, or (iii) pursuant to a migratory merger effected solely for the purpose of changing the jurisdiction of incorporation of the Company or any of its Subsidiaries.
(g)“Equity Conditions” means, with respect to an given date of determination: (i) on each day during the period beginning thirty calendar days prior to the applicable date of determination and ending on and including the applicable date of determination (the “Equity Conditions Measuring Period”), the Common Stock is listed or designated for quotation (as applicable) on an Eligible Market and shall not have been suspended from trading on an Eligible Market (other than suspensions of not more than two (2) days and occurring prior to the applicable date of determination due to business announcements by the Company) nor shall delisting or suspension by an Eligible Market have been threatened (with a reasonable prospect of delisting occurring after giving effect to all applicable notice, appeal, compliance and hearing periods) or reasonably likely to occur or pending as evidenced by (A) a writing by such Eligible Market or (B) the Company falling below the minimum listing maintenance requirements of the Eligible Market on which the Common Stock is then listed or designated for quotation (as applicable); (ii) during the Equity Conditions Measuring Period, the Company shall have delivered all shares of Common Stock issuable upon exercise of the Warrants on a timely basis and all other shares of capital stock required to be delivered by the Company on a timely basis as set forth in the other Transaction Documents; (iii) any Underwritten Securities to be issued to the Holder (assuming the Holder elects to purchase all Underwritten Securities offered to the Holder) may be issued in full to the Holder without the Holder exceeding the Maximum Percentage (as defined in the Warrants) or otherwise resulting the in Holder, immediately thereafter, being prohibited from exercising the Holder’s Warrant in accordance with Section 1(f) thereof; (iv) any shares of Common Stock to be issued in connection with the event requiring determination may be issued in full without violating the rules or regulations of the Eligible Market on which the Common Stock is then listed or designated for quotation (as applicable); (v) on each day during the Equity Conditions Measuring Period, no public announcement of a pending, proposed or intended Fundamental Transaction shall have occurred which has not been abandoned, terminated or consummated; (vi) on each day during the Equity Conditions Measuring Period, the Company does not fail for any reason to satisfy the requirements of Rule 144(c)(1), including, without limitation, the failure to satisfy the current public information requirement under Rule 144(c) (and, if the Company has ever been an issuer described in Rule 144(i)(1)(i) or becomes such an issuer in the future, and the Company does not fail to satisfy any condition set forth in Rule 144(i)(2)); (vii) the Holder shall not be in (and no other holder of Notes shall be in) possession of any material, non-public information provided to any of them by the Company, any of its Subsidiaries or any of their respective affiliates, employees, officers, representatives, agents or the like; (viii) on each day during the Equity Conditions Measuring Period, the Company otherwise shall have been in compliance with each, and shall not have breached any representation or warranty in any material respect (other than representations or warranties subject to material adverse effect or materiality, which may not be breached in any respect) or any covenant or other term or condition of any Transaction Document, including, without limitation, the Company shall not have failed to timely make any payment pursuant to any Transaction Document; (ix) there shall not have occurred any Volume Failure or Price Failure as of such applicable date of determination; (x) on the applicable date of determination (A) no Authorized Share Failure (as defined in the Warrants) shall exist or be continuing and all shares of Common Stock to be issued in connection with the event requiring this determination (each, a “Required Minimum Securities Amount”) are available under the certificate of incorporation of the Company and reserved by the Company to be issued pursuant to the Warrants and (B) all Underwritten Securities to be issued in connection with the event requiring this determination may be issued in full without resulting in an Authorized 
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Share Failure; (xi) on each day during the Equity Conditions Measuring Period, there shall not have occurred and there shall not exist an Event of Default or an event that with the passage of time or giving of notice would constitute an Event of Default; (xii) no bone fide dispute shall exist, by and between any of holder of Notes or Warrants, the Company, the Principal Market (or such applicable Eligible Market in which the Common Stock of the Company is then principally trading) and/or FINRA with respect to any term or provision of any Note or any other Transaction Document, (xiii) the shares of Common Stock issuable pursuant the event requiring the satisfaction of the Equity Conditions are duly authorized and listed and eligible for trading without restriction on an Eligible Market, (iv) the shares of Common Stock offered to the Holder in such applicable Qualified Underwritten Offering shall be delivered to the Holder no later than the second (2nd) Trading Day (or such earlier date as required pursuant to the 1934 Act or other applicable law, rule or regulation for the settlement of a trade of such shares of Common Stock) after the date of pricing of such Qualified Underwritten Offering.
(h)“Equity Conditions Failure” means that on any day during the period commencing twenty (20) Trading Days prior to such applicable date of determination, the Equity Conditions have not been satisfied (or waived in writing by the Holder).
(i)“Excluded Securities” means (i) shares of Common Stock, equity awards or standard options to purchase Common Stock issued to directors, officers or employees of the Company for services rendered to the Company in their capacity as such pursuant to an Approved Stock Plan (as defined above), provided that the exercise price of any such options is not lowered, none of such options are amended to increase the number of shares issuable thereunder and none of the terms or conditions of any such options are otherwise materially changed in any manner that adversely affects any of the Buyers and (ii) shares of Common Stock issued pursuant to that certain Common Stock Purchase Agreement, dated February 15, 2022, by and between the Company and Seven Knots, LLC.
(j) “Fundamental Transaction” means (A) that the Company shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise, in one or more related transactions, (i) consolidate or merge with or into (whether or not the Company is the surviving corporation) another Subject Entity, or (ii) sell, assign, transfer, convey or otherwise dispose of all or substantially all of the properties or assets of the Company or any of its “significant subsidiaries” (as defined in Rule 1-02 of Regulation S-X) to one or more Subject Entities, or (iii) make, or allow one or more Subject Entities to make, or allow the Company to be subject to or have its Common Stock be subject to or party to one or more Subject Entities making, a purchase, tender or exchange offer that is accepted by the holders of at least either (x) 50% of the outstanding shares of Common Stock, (y) 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all Subject Entities making or party to, or Affiliated with any Subject Entities making or party to, such purchase, tender or exchange offer were not outstanding; or (z) such number of shares of Common Stock such that all Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such purchase, tender or exchange offer, become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934 Act) of at least 50% of the outstanding shares of Common Stock, or (iv) consummate a stock or share purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with one or more Subject Entities whereby all such Subject Entities, individually or in the aggregate, acquire, either (x) at least 50% of the outstanding shares of Common Stock, (y) at least 50% of the outstanding shares of Common Stock calculated as if any shares of Common Stock held by all the Subject Entities making or party to, or Affiliated with any Subject Entity making or party to, such 
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stock purchase agreement or other business combination were not outstanding; or (z) such number of shares of Common Stock such that the Subject Entities become collectively the beneficial owners (as defined in Rule 13d-3 under the 1934 Act) of at least 50% of the outstanding shares of Common Stock, or (v) reorganize, recapitalize or reclassify its Common Stock, (B) that the Company shall, directly or indirectly, including through subsidiaries, Affiliates or otherwise, in one or more related transactions, allow any Subject Entity individually or the Subject Entities in the aggregate to be or become the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act), directly or indirectly, whether through acquisition, purchase, assignment, conveyance, tender, tender offer, exchange, reduction in outstanding shares of Common Stock, merger, consolidation, business combination, reorganization, recapitalization, spin-off, scheme of arrangement, reorganization, recapitalization or reclassification or otherwise in any manner whatsoever, of either (x) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock, (y) at least 50% of the aggregate ordinary voting power represented by issued and outstanding Common Stock not held by all such Subject Entities as of the date of this Note calculated as if any shares of Common Stock held by all such Subject Entities were not outstanding, or (z) a percentage of the aggregate ordinary voting power represented by issued and outstanding shares of Common Stock or other equity securities of the Company sufficient to allow such Subject Entities to effect a statutory short form merger or other transaction requiring other stockholders of the Company to surrender their shares of Common Stock without approval of the stockholders of the Company or (C) directly or indirectly, including through subsidiaries, Affiliates or otherwise, in one or more related transactions, the issuance of or the entering into any other instrument or transaction structured in a manner to circumvent, or that circumvents, the intent of this definition in which case this definition shall be construed and implemented in a manner otherwise than in strict conformity with the terms of this definition to the extent necessary to correct this definition or any portion of this definition which may be defective or inconsistent with the intended treatment of such instrument or transaction.
(k) “GAAP” means United States generally accepted accounting principles, consistently applied.
(l)“Group” means a “group” as that term is used in Section 13(d) of the 1934 Act and as defined in Rule 13d-5 thereunder.
(m) “Holder Pro Rata Amount” means a fraction (i) the numerator of which is the original Principal amount of this Note on the Exchange Date and (ii) the denominator of which is the sum of (x) the aggregate original principal amount of all Notes issued pursuant to the Exchange Agreement and the Other Exchange Agreements on the Exchange Date.
(n) “Indebtedness” shall have the meaning ascribed to such term in the Securities Purchase Agreements.
(o)“Interest Rate” means five percent (5%) per annum, as may be adjusted from time to time in accordance with Section 2.
(p)“Maturity Date” shall mean August 1, 2022; provided, however, the Maturity Date may be extended at the option of the Holder (i) in the event that, and for so long as, an Event of Default shall have occurred and be continuing or any event shall have occurred and be continuing that with the passage of time and the failure to cure would result in an Event of Default or (ii) through the date that is twenty (20) Business Days after the consummation of a Fundamental Transaction in the event that a 
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Fundamental Transaction is publicly announced or an Event of Default Redemption Notice is delivered prior to the Maturity Date.
(q)“Outstanding Amount” means the sum of (A) the portion of the Principal to be redeemed or otherwise with respect to which this determination is being made, (B) accrued and unpaid Interest with respect to such Principal and (C) accrued and unpaid Late Charges with respect to such Principal and Interest.
(r) “Parent Entity” of a Person means an entity that, directly or indirectly, controls the applicable Person and whose common stock or equivalent equity security is quoted or listed on an Eligible Market (as defined in the Securities Purchase Agreements), or, if there is more than one such Person or Parent Entity, the Person or Parent Entity with the largest public market capitalization as of the date of consummation of the Fundamental Transaction.
(s)“Permitted Indebtedness” means (i) Indebtedness evidenced by this Note and the Other Notes, (ii) Indebtedness set forth on Schedule 3(s) to the Securities Purchase Agreements, as in effect as of the Subscription Date and (iii) Indebtedness secured by Permitted Liens or unsecured but as described in clauses (iv) and (v) of the definition of Permitted Liens.
(t)“Permitted Dispositions” means (i) any sublease of any properties (and related office assets (e.g. office furniture, computer equipment telecommunications equipment and similar assets) as described on Schedule 27(s) attached hereto) and (ii) the granting of license or similar rights (in an arm’s length transaction) to permit a Person to commercialize or develop Phexxi or EVO100 outside of the United States.
(u)“Permitted Liens” means (i) any Lien for taxes not yet due or delinquent or being contested in good faith by appropriate proceedings for which adequate reserves have been established in accordance with GAAP, (ii) any statutory Lien arising in the ordinary course of business by operation of law with respect to a liability that is not yet due or delinquent, (iii) any Lien created by operation of law, such as materialmen’s liens, mechanics’ liens and other similar liens, arising in the ordinary course of business with respect to a liability that is not yet due or delinquent or that are being contested in good faith by appropriate proceedings, (iv) Liens (A) upon or in any equipment acquired or held by the Company or any of its Subsidiaries to secure the purchase price of such equipment or Indebtedness incurred solely for the purpose of financing the acquisition or lease of such equipment, or (B) existing on such equipment at the time of its acquisition, provided that the Lien is confined solely to the property so acquired and improvements thereon, and the proceeds of such equipment, in either case, with respect to Indebtedness in an aggregate amount not to exceed $150,000, (v) Liens incurred in connection with the extension, renewal or refinancing of the Indebtedness secured by Liens of the type described in clause (iv) above, provided that any extension, renewal or replacement Lien shall be limited to the property encumbered by the existing Lien and the principal amount of the Indebtedness being extended, renewed or refinanced does not increase, (vi) Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of custom duties in connection with the importation of goods, and (vii) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default under Section 3(a)(viii) and (viii) Liens with respect to the Permitted Senior Indebtedness.
(v)“Permitted Senior Indebtedness” means Indebtedness issued pursuant to that certain Securities Purchase and Security Agreement, dated April 23, 2020, by and between the Company and the persons set forth therein and Indebtedness issued pursuant 
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to that certain Securities Purchase Agreement, dated October 14, 2020, by and between the Company and the persons set forth therein, provided, however, that the aggregate outstanding principal amount of such Indebtedness permitted hereunder does not at any time exceed $85 million.
(w) “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization, any other entity or a government or any department or agency thereof.
(x)“Price Failure” means, with respect to a particular date of determination, the VWAP of the Common Stock on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination fails to exceed $0.05 (as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date).  All such determinations to be appropriately adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions during any such measuring period.
(y) “Principal Market” means the Nasdaq Capital Market.
(z)“Redemption Notices” means, collectively, the Event of Default Redemption Notices, the Company Optional Redemption Notices and the Subsequent Transaction Optional Redemption Notices, and each of the foregoing, individually, a “Redemption Notice.”
(aa)“Redemption Premium” means 125%.
(ab)“Redemption Prices” means, collectively, Event of Default Redemption Prices, the Company Optional Redemption Prices and the Subsequent Transaction Optional Redemption Prices, and each of the foregoing, individually, a “Redemption Price.”
(ac) “SEC” means the United States Securities and Exchange Commission or the successor thereto.
(ad)“Securities Purchase Agreements” means those certain securities purchase agreements, dated as of such dates as set forth on the signature page of the Holder to the Exchange Agreement, by and among the Company and the initial holders of the senior subordinated notes (including the Original Note) pursuant to which the Company issued the senior subordinated notes (including the Original Note), as amended by the Exchange Agreement and the Other Exchange Agreements, and as may be further amended from time to time.
(ae) “Subsequent Placement” means any issuance, offer, sale, grant of any option or right to purchase, or otherwise dispose of (or announce any issuance, offer, sale, grant of any option or right to purchase or other disposition of) any equity security or any equity-linked or related security (including, without limitation, any “equity security” (as that term is defined under Rule 405 promulgated under the 1933 Act)), any Convertible Securities (as defined in the Securities Purchase Agreements), any debt, any preferred stock or any purchase rights.
(af)“Subsequent Transaction” means (i) except for Permitted Dispositions, the sale or other disposition of all or any part of the assets of the Company or any of its Subsidiaries (including insurance and condemnation proceeds) after the Issuance Date 
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other than sales of inventory in the ordinary course of business and amounts reinvested in assets to be used in the Company’s business within twelve (12) months of such disposition, (ii) any Subsequent Placement with any cash or non-cash proceeds (which non-cash proceeds shall be deemed to have been paid in cash at the fair market value of such non-cash proceeds, as reasonably jointly determined by the Holder and the Company) paid by a Person thereunder, directly or indirectly, to (or at the direction of) the Company or any of its Subsidiaries and (iii) any cash or non-cash contributions (which non-cash contribution shall be deemed to have been paid in cash at the fair market value of such non-cash contribution, as reasonably jointly determined by the Holder and the Company), directly or indirectly, to (or at the direction of) the Company or any of its Subsidiaries.
(ag)“Subsidiaries” shall have the meaning as set forth in the Securities Purchase Agreement.
(ah)“Subject Entity” means any Person, Persons or Group or any Affiliate or associate of any such Person, Persons or Group.
(ai) “Successor Entity” means the Person (or, if so elected by the Holder, the Parent Entity) formed by, resulting from or surviving any Fundamental Transaction or the Person (or, if so elected by the Holder, the Parent Entity) with which such Fundamental Transaction shall have been entered into.
(aj)“Volume Failure” means, with respect to a particular date of determination, the aggregate daily dollar trading volume (as reported on Bloomberg) of the Common Stock on the Principal Market on any Trading Day during the twenty (20) Trading Day period ending on the Trading Day immediately preceding such date of determination (such period, the “Volume Failure Measuring Period”), is less than $400,000 (as adjusted for any stock splits, stock dividends, stock combinations, recapitalizations or other similar transactions occurring after the Subscription Date).
28.DISCLOSURE.  Upon delivery by the Company to the Holder (or receipt by the Company from the Holder) of any notice in accordance with the terms of this Note, unless the Company has in good faith determined that the matters relating to such notice do not constitute material, non-public information relating to the Company or any of its Subsidiaries, the Company shall on or prior to 9:00 am, New York city time on the Business Day immediately following such notice delivery date, publicly disclose such material, non-public information on a Current Report on Form 8-K or otherwise.  In the event that the Company believes that a notice contains material, non-public information relating to the Company or any of its Subsidiaries, the Company so shall indicate to the Holder explicitly in writing in such notice (or immediately upon receipt of notice from the Holder, as applicable), and in the absence of any such written indication in such notice (or notification from the Company immediately upon receipt of notice from the Holder), the Holder shall be entitled to presume that information contained in the notice does not constitute material, non-public information relating to the Company or any of its Subsidiaries.  Nothing contained in this Section 28 shall limit any obligations of the Company, or any rights of the Holder, under Section 4(l) of the Securities Purchase Agreements.
29.ABSENCE OF TRADING AND DISCLOSURE RESTRICTIONS.  The Company acknowledges and agrees that the Holder is not a fiduciary or agent of the Company and that the Holder shall have no obligation to (a) maintain the confidentiality of any information provided by the Company or (b) refrain from trading any securities while in possession of such information in the absence of a written non-disclosure agreement signed by an officer of the Holder that explicitly provides for such confidentiality and trading restrictions.  In the absence of such an executed, written non-disclosure agreement, the Company acknowledges that the Holder 
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may freely trade in any securities issued by the Company, may possess and use any information provided by the Company in connection with such trading activity, and may disclose any such information to any third party.
[signature page follows]
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IN WITNESS WHEREOF, the Company has caused this Note to be duly executed as of the Issuance Date set out above.

																								
				EVOFEM BIOSCIENCES, INC.
								
				By:				
					Name: 			
					Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]