Document:

REGISTRATION
RIGHTS AGREEMENT

 

THIS
REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of June 3, 2019 (the “Execution Date”),
is entered into by and between MGT CAPITAL INVESTMENTS, INC., a Delaware corporation (the “Company”),
and OASIS CAPITAL, LLC, a Puerto Rico limited liability company (together with its permitted assigns, the “Buyer”).
Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in that certain Equity
Purchase Agreement by and between the parties hereto, dated as of the Execution Date (as amended, restated, supplemented or otherwise
modified from time to time, the “Purchase Agreement”).

 

WHEREAS:

 

The
Company has agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Buyer up to Ten Million
Dollars ($10,000,000.00) of Put Shares and to induce the Buyer to enter into the Purchase Agreement, the Company has agreed to
provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or
any similar successor statute (collectively, the “Securities Act”), and applicable state securities laws.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Buyer hereby agree as follows:

 

1.
DEFINITIONS.

 

As
used in this Agreement, the following terms shall have the following meanings:

 

a.
“Investor” means the Buyer, any transferee or assignee thereof to whom the Buyer assigns its rights under this
Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee
or assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section 9
and who agrees to become bound by the provisions of this Agreement.

 

b.
“Person” means any individual or entity including but not limited to any corporation, a limited liability company,
an association, a partnership, an organization, a business, an individual, a governmental or political subdivision thereof or
a governmental agency.

 

c.
“Register,” “Registered,” and “Registration” refer to a registration
effected by preparing and filing one or more registration statements of the Company in compliance with the Securities Act and/or
pursuant to Rule 415 under the Securities Act or any successor rule providing for the offering securities on a continuous basis
(“Rule 415”), and the declaration or ordering of effectiveness of such registration statement(s) by the United
States Securities and Exchange Commission (the “SEC”).

 

d.
“Registrable Securities” means all of the Put Shares which have been, or which may, from time to time be issued,
including without limitation all of the shares of Common Stock which have been issued or will be issued to the Investor under
the Purchase Agreement (without regard to any limitation or restriction on purchases), and any and all shares of capital stock
issued or issuable with respect to the Put Shares (as such terms are defined in the Purchase Agreement) issued or issuable to
the Investor, and shares of Common Stock issued to the Investor with respect to the Put Shares and the Purchase Agreement as a
result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitation
on purchases under the Purchase Agreement.

 

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e.
“Registration Statement” means one or more registration statements of the Company covering only the sale of
the Registrable Securities.

 

2.
REGISTRATION.

 

a.
Mandatory Registration. The Company shall, by June 5, 2019, file with the SEC an initial Registration Statement on Form
S-1 covering the maximum number of Registrable Securities as shall be permitted to be included thereon (in such amounts as to
the specific Registrable Securities included therein as mutually identified by the Investor, the Company and their respective
legal counsel) in accordance with applicable SEC rules, regulations and interpretations so as to permit the resale of such Registrable
Securities by the Investor, including but not limited to under Rule 415 under the Securities Act at then prevailing market prices
(and not fixed prices), as mutually determined by both the Company and the Investor in consultation with their respective legal
counsel (the “Initial Registration Statement”). The Initial Registration Statement shall register only the
Registrable Securities. The Company shall use its commercially reasonable best efforts to have the Initial Registration Statement
and any amendment thereto declared effective by the SEC at the earliest possible date (in any event, within one hundred fifty
(150) calendar days after the Execution Date).

 

b.
Rule 424 Prospectus. In addition to the Initial Registration Statement, the Company shall, as required by applicable securities
regulations, from time to time file with the SEC, pursuant to Rule 424 promulgated under the Securities Act, such prospectuses
and prospectus supplements to be used in connection with sales of the Registrable Securities under each Registration Statement.
The Investor and its counsel shall have a reasonable opportunity to review and comment upon such prospectuses prior to its filing
with the SEC, and the Company shall give due consideration to all such comments. The Investor and its counsel shall use their
reasonable best efforts to comment upon any prospectus within two (2) business days from the date the Investor receives the final
pre-filing version of such prospectus.

 

c.
Sufficient Number of Shares Registered. In the event the number of shares available under the Initial Registration Statement
is insufficient to cover all of the Registrable Securities, the Company shall amend the Initial Registration Statement or file
a new Registration Statement (a “New Registration Statement”), so as to cover all of such Registrable Securities
(subject to the limitations set forth in Section 2(f)) as soon as practicable, but in any event not later than ten (10)
business days after the necessity therefor arises and the Company’s financial statements as filed with the SEC are current
as would be required by such New Registration Statement, subject to any limits that may be imposed by the SEC pursuant to Rule
415 under the Securities Act. The Company shall use its reasonable best efforts to cause such amendment and/or New Registration
Statement to become effective as soon as practicable following the filing thereof.

 

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d.
Piggyback Registration. In the event that any of the Registrable Securities have not been included in the Initial Registration
Statement or a New Registration Statement, and the Company initially files any other registration statement under the Securities
Act (other than on Form S-4, Form S-8, or with respect to other employee related plans or rights offerings) (an “Other
Registration Statement”), then the Company shall include in such Other Registration Statement first all of such Put
Shares that have not been previously Registered, and second any other securities the Company wishes to include in such Other Registration
Statement. The Company agrees that it shall not file any such Other Registration Statement unless all of the Put Shares have been
included in such Other Registration Statement or otherwise have been Registered for resale as described above; provided, that
the Company shall be able to file any applicable registration statement with respect to any Company underwritten public offering
or a public offering via a placement agent without having to comply with the requirements of this Section 2(d).

 

e.
Effectiveness. The Investor and its counsel shall have a reasonable opportunity to review and comment upon any Registration
Statement and any amendment or supplement to such Registration Statement and any related prospectus prior to its filing with the
SEC, and the Company shall give due consideration to all reasonable comments. The Investor and its counsel shall use their reasonable
best efforts to comment upon any Registration Statement and any amendment or supplement to such Registration Statement and any
related prospectus within two (2) business days from the date the Investor receives a draft of such filing. The Investor shall
furnish all information reasonably requested by the Company for inclusion therein. The Company shall use reasonable best efforts
to keep all Registration Statements effective, including but not limited to pursuant to Rule 415 promulgated under the Securities
Act and available for use by the Investor for the resale of all of the Registrable Securities covered thereby at all times until
the earlier of (i) the date as of which the Investor may sell all of the Registrable Securities without restriction pursuant to
Rule 144 promulgated under the Securities Act without any restrictions (including any restrictions under Rule 144(c) or Rule 144(i))
and (ii) the date on which the Investor shall have sold all the Registrable Securities covered thereby and no Put Shares remain
issuable under the Purchase Agreement (the “Registration Period”). Each Registration Statement (including any
amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material fact
or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of the circumstances
in which they were made, not misleading.

 

f.
Offering. If the staff of the SEC (the “Staff”) or the SEC seeks to characterize any offering pursuant
to a Registration Statement filed pursuant to this Agreement as constituting an offering of securities that does not permit such
Registration Statement to become or remain effective and be used for resales by the Investor under Rule 415 at then-prevailing
market prices (and not fixed prices) by comment letter or otherwise, or if after the filing of the Initial Registration Statement
with the SEC pursuant to Section 2(a), the Company is otherwise required by the Staff or the SEC to reduce the number of
Registrable Securities included in such initial Registration Statement, then the Company shall reduce the number of Registrable
Securities to be included in such Initial Registration Statement (in such amounts of specific Registrable Securities as the Investor,
the Company and their respective legal counsel shall mutually agree to be removed therefrom) until such time as the Staff and
the SEC shall so permit such Registration Statement to become effective and be used as aforesaid. In the event of any reduction
in Registrable Securities pursuant to this paragraph, the Company shall file one or more New Registration Statements in accordance
with Section 2(c) until such time as all Registrable Securities have been included in Registration Statements that have
been declared effective and the prospectus contained therein is available for use by the Investor. Notwithstanding any provision
herein or in the Purchase Agreement to the contrary, the Company’s obligations to register Registrable Securities (and any
related conditions to the Investor’s obligations) shall be qualified as necessary to comport with any requirement of the
SEC or the Staff as addressed in this Section 2(f).

 

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g.
Termination of Obligations. The Company’s obligations under this Agreement shall terminate effective as of the date
and time that the Purchase Agreement is terminated pursuant to the terms thereof, provided that such obligations shall not terminate
if the Investor holds Put Shares.

 

3.
RELATED OBLIGATIONS.

 

With
respect to a Registration Statement and whenever any Registrable Securities are to be Registered pursuant to Section 2,
including on any Other Registration Statement, the Company shall use its reasonable best efforts to effect the registration of
the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall
have the following obligations:

 

a.
The Company shall prepare and file with the SEC such amendments (including post-effective amendments on Form S-1) and supplements
to any registration statement and the prospectus used in connection with such registration statement, which prospectus is to be
filed pursuant to Rule 424 promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any
Other Registration Statement effective at all times during the Registration Period, and, during such period, comply with the provisions
of the Securities Act with respect to the disposition of all Registrable Securities of the Company covered by the Registration
Statement or any Other Registration Statement until such time as all of such Registrable Securities shall have been disposed of
in accordance with the intended methods of disposition by the seller or sellers thereof as set forth in such registration statement.

 

b.
The Company shall permit the Investor to review and comment upon each Registration Statement or any Other Registration Statement
and all amendments and supplements thereto at least two (2) business days prior to their filing with the SEC, and not file any
document in a form to which Investor reasonably objects with legally supported reasons. The Investor shall use its reasonable
best efforts to comment upon the Registration Statement or any Other Registration Statement and any amendments or supplements
thereto within two (2) business days from the date the Investor receives the substantially final version thereof. The Company
shall furnish to the Investor, without charge, and within one (1) business day, any comments and/or any other correspondence from
the SEC or the Staff to the Company or its representatives relating to the Registration Statement or any Other Registration Statement.
The Company shall use its commercially reasonable best efforts to respond to the SEC or the Staff, as applicable, regarding the
resolution of any such comments and/or correspondence as promptly as practicable.

 

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c.
Upon request of the Investor, the Company shall electronically furnish to the Investor, (i) promptly after the same is prepared
and filed with the SEC, at least one copy of such registration statement and any amendment(s) thereto, including financial statements
and schedules, all documents incorporated therein by reference and all exhibits, (ii) upon the effectiveness of any registration
statement, a copy of the prospectus included in such registration statement and all amendments and supplements thereto (or such
other number of copies as the Investor may reasonably request) and (iii) such other documents, including copies of any preliminary
or final prospectus, as the Investor may reasonably request from time to time in order to facilitate the disposition of the Registrable
Securities owned by the Investor. For the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR
system shall be deemed “furnished to the Investor” hereunder.

 

d.
The Company shall use reasonable best efforts to (i) register and qualify the Registrable Securities covered by a registration
statement under such other securities or “blue sky” laws of Puerto Rico and such other jurisdictions in the United
States as the Investor reasonably requests, (ii) prepare and file in those jurisdictions, such amendments (including post-effective
amendments) and supplements to any such registrations and qualifications as may be necessary to maintain the effectiveness thereof
during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and qualifications
(including all Registration Statements) in effect at all times during the Registration Period, and (iv) take all other actions
reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that
the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction
where it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself to general taxation in
any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly
notify the Investor who holds Registrable Securities of the receipt by the Company of any notification with respect to the suspension
of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky”
laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any proceeding
for such purpose.

 

e.
The Company shall, as promptly as practicable, notify the Investor in writing of the happening of any event or existence of such
facts as a result of which the prospectus included in any registration statement, as then in effect, includes an untrue statement
of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein,
in light of the circumstances under which they were made, not misleading, and promptly prepare a supplement or amendment to such
registration statement to correct such untrue statement or omission, and deliver a copy of such supplement or amendment to the
Investor (or such other number of copies as the Investor may reasonably request). The Company shall also promptly notify the Investor
in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a registration
statement or any post-effective amendment has become effective (notification of such effectiveness shall be delivered to the Investor
by email or facsimile on the same day of such effectiveness and by overnight mail), (ii) of any request by the SEC for amendments
or supplements to any registration statement or related prospectus or related information, and (iii) of the Company’s reasonable
determination that a post-effective amendment to a registration statement would be appropriate.

 

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f.
The Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness
of any registration statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction
and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest possible moment
and to notify the Investor of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation
or threat of any proceeding for such purpose. In addition, if the Company shall receive any comment letter from the SEC relating
to any Registration Statement under which Registrable Securities are Registered, the Company shall notify the Investor of the
issuance of such letter and use its reasonable best efforts to address such comments in a manner satisfactory to the SEC.

 

g.
The Company shall (i) cause all the Registrable Securities to be listed on each United States securities exchange on which securities
of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then
permitted under the rules of such exchange, or (ii) secure designation and quotation of all the Registrable Securities on the
Principal Market. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section.

 

h.
To the extent that the Company’s securities are eligible to be treated as DWAC Shares at the time of the Execution Date,
the Company shall cooperate with the Investor to facilitate the timely preparation and delivery of DWAC Shares representing the
Registrable Securities to be offered pursuant to any Registration Statement. “DWAC Shares” means shares of
Common Stock that are (i) issued in electronic form, (ii) freely tradable and transferable and without restriction on resale and
(iii) timely credited by the Transfer Agent to the Investor’s or its designee’s specified DWAC account with The Depository
Trust Company (“DTC”) under the DTC/FAST Program, or any similar program hereafter adopted by DTC performing
substantially the same function.

 

i.
The Company shall at all times maintain the services of its Transfer Agent and registrar with respect to its Common Stock, subject
to the Company’s ability to change its Transfer Agent in accordance with the terms of the Purchase Agreement.

 

j.
If reasonably requested by the Investor, the Company shall (i) immediately incorporate in a prospectus supplement or post-effective
amendment such information as the Investor believes should be included therein relating to the sale and distribution of Registrable
Securities, including, without limitation, information with respect to the number of Registrable Securities being sold, the purchase
price being paid therefor and any other terms of the offering of the Registrable Securities; (ii) make all required filings of
such prospectus supplement or post-effective amendment as soon as practicable upon notification of the matters to be incorporated
in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement.

 

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k.
The Company shall use its commercial reasonable best efforts to cause the Registrable Securities covered by any Registration Statement
to be Registered with or approved by such other governmental agencies or authorities as may be necessary to consummate the disposition
of such Registrable Securities.

 

l.
Within one (1) business day after any Registration Statement which includes Registrable Securities is ordered effective by the
SEC, or any prospectus supplement or post-effective amendment including Registrable Securities is filed with the SEC, the Company
shall deliver, and shall cause legal counsel for the Company to deliver, to the Transfer Agent for such Registrable Securities
(with copies to the Investor) confirmation that such Registration Statement has been declared effective by the SEC in the form
attached hereto as Exhibit A. Thereafter, if requested by the Investor at any time, the Company shall require its counsel
to deliver to the Investor a written confirmation (based on such counsel’s confirmation from the Company) whether or not
(i) the effectiveness of such Registration Statement has lapsed at any time for any reason (including, without limitation, the
issuance of a stop order), (ii) any comment letter applicable to the Registration Statement has been issued by the SEC, and (iii)
whether or not the Registration Statement is current and available to the Investor for sale of all of the Registrable Securities.

 

m.
The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable
Securities pursuant to any Registration Statement, subject to the terms of the Purchase Agreement.

 

4.
OBLIGATIONS OF THE INVESTOR.

 

a.
The Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection
with any Registration Statement hereunder. The Investor shall furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably required
to effect the Registration of such Registrable Securities and shall execute such documents in connection with such Registration
as the Company may reasonably request. The Company shall use its commercial reasonable best efforts to have the “Selling
Stockholder” and “Plan of Distribution” sections of the Registration Statement reflect the language substantially
in the form timely provided to the Company by the Investor.

 

b.
The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and
filing of any Registration Statement hereunder.

 

c.
The Investor agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the
kind described in Section 3(f) or the first sentence of 3(e), the Investor will immediately discontinue disposition
of Registrable Securities pursuant to any Registration Statement(s) covering such Registrable Securities until withdrawal of a
stop order contemplated by Section 3(f) or the Investor’s receipt of the copies of the supplemented or amended prospectus
contemplated by Section 3(e). Notwithstanding anything to the contrary, the Company shall cause its Transfer Agent to promptly
issue DWAC Shares in accordance with the terms of the Purchase Agreement in connection with any sale of Registrable Securities
with respect to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from
the Company of the happening of any event of the kind described in Section 3(f) or the first sentence of Section 3(e)
and for which the Investor has not yet settled.

 

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5.
EXPENSES OF REGISTRATION.

 

All
reasonable expenses, other than sales or brokerage commissions, incurred in connection with registrations, filings or qualifications
pursuant to Sections 2 and 3, including, without limitation, all registration, listing and qualifications fees,
printers and accounting fees, and fees and disbursements of counsel for the Company, shall be paid by the Company. For the avoidance
of doubt, subject to Section 10.8 of the Purchase Agreement, the Company shall not be responsible in any way for the costs or
expenses of the Investor’s legal and accounting professionals incurred in connection with this Agreement, the other Transaction
Documents, any Registration Statement or any document or filing related thereto.

 

6.
INDEMNIFICATION.

 

a.
To the fullest extent permitted by law, the Company will, and hereby agrees to, indemnify, hold harmless and defend the Investor,
each Person, if any, who controls or is under common control with the Investor, the members, the directors, officers, partners,
employees, agents, representatives of the Investor and each Person, if any, who is an “affiliate” of the Investor
within the meaning of the Securities Act or the Securities Exchange Act of 1934, as amended (the “Exchange Act”)
(each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties,
charges, costs, attorneys’ fees, amounts paid in settlement or expenses, joint or several, (collectively, “Claims”),
incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken
from the foregoing by or before any court or governmental, administrative or other regulatory agency, body or the SEC, whether
pending or threatened, whether or not an Indemnified Person is or may be a party thereto (“Indemnified Damages”),
to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in a
Registration Statement, any Other Registration Statement or any post-effective amendment thereto or in any filing made in connection
with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which
Registrable Securities are offered, provided that the location of such jurisdictions have been communicated to the Company in
writing in advance of such qualification (“Blue Sky Filing”), or the omission or alleged omission to state
a material fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement
or alleged untrue statement of a material fact contained in the final prospectus (as amended or supplemented, if the Company files
any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact
necessary to make the statements made therein, in light of the circumstances under which the statements therein were made, not
misleading, (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any other law, including,
without limitation, any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable
Securities pursuant to a Registration Statement or any Other Registration Statement or (iv) any material violation by the Company
of this Agreement (the matters in the foregoing clauses (i) through (iv) being, collectively, “Violations”).
The Company shall reimburse each Indemnified Person promptly as such expenses are incurred and are due and payable, for any reasonable
legal fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding
anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not
apply to a Claim by an Indemnified Person arising out of or based upon a Violation which occurs in reliance upon and in conformity
with information about the Investor furnished in writing to the Company by such Indemnified Person expressly for use in connection
with the preparation of a Registration Statement, any Other Registration Statement or any such amendment thereof or supplement
or prospectus thereto, if such prospectus was timely made available by the Company pursuant to Section 3(c) or Section
3(e); (ii) with respect to any superseded prospectus, shall not inure to the benefit of any such person from whom the person
asserting any such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any person controlling
such person) if the untrue statement or omission of material fact contained in the superseded prospectus was corrected in the
revised prospectus, as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant
to Section 3(c) or Section 3(e), and the Indemnified Person was promptly advised in writing not to use the incorrect
prospectus prior to the use giving rise to a violation and such Indemnified Person, notwithstanding such advice, used it; (iii)
shall not be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the
prospectus made available by the Company, if such prospectus was timely made available by the Company pursuant to Section 3(c)
or Section 3(e); (iv) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without
the prior written consent of the Company, which consent shall not be unreasonably withheld; and (v) with respect to any Claim
that results primarily from the Indemnified Person’s failure to perform any covenant or agreement contained in this Agreement
or the Indemnified Person’s negligence, recklessness, fraud, willful misconduct or bad faith in performing its obligations
under this Agreement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf
of the Indemnified Person and shall survive the transfer of the Registrable Securities by the Investor pursuant to Section
9.

 

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b.
Promptly after receipt by an Indemnified Person under this Section 6 of notice of the commencement of any action or proceeding
(including any governmental action or proceeding) involving a Claim, such Indemnified Person shall, if a Claim in respect thereof
is to be made against the Company under this Section 6, deliver to the Company a written notice of the commencement thereof,
and the Company shall have the right to participate in, and, to the extent the Company so desires, to assume control of the defense
thereof with counsel mutually satisfactory to the Company and the Indemnified Person; provided, however, that an Indemnified Person
shall have the right to retain its own counsel with the fees and expenses to be paid by the Company, if, in the reasonable opinion
of counsel retained by the Company, the representation by such counsel of the Indemnified Person and the Company would be inappropriate
due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel
in such proceeding. The Indemnified Person shall cooperate fully with the Company in connection with any negotiation or defense
of any such action or Claim by the Company and shall furnish to the Company all information reasonably available to the Indemnified
Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Person fully apprised at all times
as to the status of the defense or any settlement negotiations with respect thereto. The Company shall not be liable for any settlement
of any action, Claim or proceeding effectuated without its written consent, provided, however, that the Company shall not unreasonably
withhold, delay or condition its consent. The Company shall not, without the consent of the Indemnified Person, consent to entry
of any judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such Indemnified Person of a release from all liability in respect to such Claim or litigation.
Following indemnification as provided for hereunder, the Company shall be subrogated to all rights of the Indemnified Person with
respect to all third parties, firms or corporations relating to the matter for which indemnification has been made. The failure
to deliver written notice to the Company within a reasonable time of the commencement of any such action shall not relieve the
Company of any liability to the Indemnified Person under this Section 6, except to the extent that the Company is prejudiced
in its ability to defend such action.

 

c.
The indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course
of the investigation or defense, as and when bills are received or Indemnified Damages are incurred.

 

d.
The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified
Person against the Company or others, and (ii) any liabilities the Company may be subject to pursuant to the law.

 

7.
CONTRIBUTION.

 

To
the extent any indemnification by the Company is prohibited or limited by law, the Company agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law;
provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from the Company or any seller of Registrable Securities
who was not guilty of fraudulent misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited
in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities.

 

8.
REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS.

 

With
a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act or any other similar
rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to the public without
registration (“Rule 144”), the Company agrees, at the Company’s sole expense, to:

 

a.
make and keep “current public information” available, as such term is understood and defined in Rule 144;

 

b.
file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is
required for the applicable provisions of Rule 144;

 

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c.
electronically furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written
statement by the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act
and the Exchange Act, (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents
so filed by the Company, and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities
pursuant to Rule 144 without registration; and

 

d.
take such additional action as is reasonably requested by the Investor to enable the Investor to sell the Registrable Securities
pursuant to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and
instructions to the Company’s Transfer Agent as may be reasonably requested from time to time by the Investor and otherwise
fully cooperate with Investor and Investor’s broker to effect such sale of securities pursuant to Rule 144; provided, that
that the Company shall not be required to provide any legal opinions other than in connection with a Registration Statement, New
Registration Statement or Other Registration Statement, unless such opinions are paid for by the Investor.

 

The
Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8 and
that Investor shall, whether or not it is pursuing any remedies at law, be entitled to equitable relief in the form of a preliminary
or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such
terms or provisions.

 

9.
ASSIGNMENT OF REGISTRATION RIGHTS.

 

The
Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Buyer,
or any Investor as assignee pursuant to this Section 9. The Buyer, or any Investor, may not assign its rights under this
Agreement without the prior written consent of the Company other than to an affiliate of such Investor.

 

10.
AMENDMENT OF REGISTRATION RIGHTS.

 

No
provision of this Agreement may be amended or waived by the parties from and after the date that is one Business Day immediately
preceding the initial filing of the Initial Registration Statement with the SEC. Subject to the immediately preceding sentence,
no provision of this Agreement may be (i) amended other than by a written instrument signed by both parties hereto or (ii) waived
other than in a written instrument signed by the party against whom enforcement of such waiver is sought. Failure of any party
to exercise any right or remedy under this Agreement or otherwise, or delay by a party in exercising such right or remedy, shall
not operate as a waiver thereof.

 

11.
MISCELLANEOUS.

 

a.
A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the
same Registrable Securities, the Company shall act upon the basis of instructions, notice or election received from the registered
owner of such Registrable Securities.

 

    	10

    	 

    

 

b.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when
sent by email (provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending
party) if delivered on a business day during normal business hours where such notice is to be received, or the first business
day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be
received); or (iii) three (3) business day after timely deposit with a nationally recognized overnight delivery service, in each
case properly addressed to the party to receive the same. The addresses for such communications shall be:

 

If
to the Company:

 

MGT
Capital Investments, Inc.

512
S. Mangum Street, Suite 408

Durham,
NC 27701

Email:
(at such email address separately provided to the Investor)

Attention:
Robert B. Ladd, Chief Executive Officer

 

If
to the Investor:

 

Oasis
Capital, LLC

208
Ponce de Leon Ave, Suite 1600

San
Juan, PR 00918

E-mail:
adam@oasis-cap.com

Attention:
Adam R. Long, Managing Partner

 

with
a copy (that shall not constitute notice) to:

 

K&L
Gates LLP

200
S. Biscayne Blvd., Suite 3900

Miami,
FL 33131

E-mail:
john.owens@klgates.com

Attention:
John D. Owens, III, Esq.

 

or
at such other address and/or email address and/or to the attention of such other person as the recipient party has specified by
written notice given to each other party three (3) business days prior to the effectiveness of such change. Written confirmation
of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically
generated by the sender’s email account containing the time, date, recipient email address, as applicable, and an image
of the first page of such transmission or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable
evidence of personal service, receipt by email or receipt from a nationally recognized overnight delivery service in accordance
with clause (i), (ii) or (iii) above, respectively.

 

    	11

    	 

    

 

c.
All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the
internal laws of the State of Kansas, without giving effect to any choice of law or conflict of law provision or rule (whether
of the State of Kansas or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than
the State of Kansas.

 

d.
Any disputes, Claims, or controversies hereunder or in connection herewith or with any transaction contemplated hereby or discussed
herein shall be referred to and resolved solely and exclusively by binding arbitration to be conducted before the Judicial Arbitration
and Mediation Service (“JAMS”), or its successor pursuant the expedited procedures set forth in the JAMS Comprehensive
Arbitration Rules and Procedures (the “Rules”), including Rules 16.1 and 16.2 of those Rules. The arbitration
shall be held in New York, New York, before a tribunal consisting of one (1) arbitrator who will be selected in accordance with
the “strike and rank” methodology set forth in Rule 15. Either party to this Agreement may, without waiving any remedy
under this Agreement, seek from any federal or state court sitting in the City of New York, NY any interim or provisional relief
that is necessary to protect the rights or property of that party, pending the establishment of the arbitral tribunal. The costs
and expenses of such arbitration shall be paid by and be the sole responsibility of the Company, including but not limited to
the Investor’s attorneys’ fees and each arbitrator’s fees. The arbitrators’ decision must set forth a
reasoned basis for any award of damages or finding of liability. The arbitrator’s decision and award will be made and delivered
as soon as reasonably possibly and in any case within sixty (60) days’ following the conclusion of the arbitration hearing
and shall be final and binding on the parties and may be entered by any court having jurisdiction thereof.

 

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

 

f.
EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION
OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

g.
This Agreement and the Purchase Agreement constitute the entire agreement among the parties hereto with respect to the subject
matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred
to herein and therein. This Agreement and the Purchase Agreement supersede all prior agreements and understandings among the parties
hereto with respect to the subject matter hereof and thereof.

 

    	12

    	 

    

 

h.
Subject to the requirements of Section 9, this Agreement shall inure to the benefit of and be binding upon the successors
and permitted assigns of each of the parties hereto.

 

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

 

j.
This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile
transmission or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party
so delivering this Agreement.

 

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

 

l.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and
no rules of strict construction will be applied against any party.

 

m.
This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

*
* * * * *

 

    	13

    	 

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be duly executed as of the Execution Date.

 

	 	THE
COMPANY: 
	 	 
	 	MGT
    CAPITAL INVESTMENTS, INC.
	 	 
	 	By:	/s/
    Robert B. Ladd
	 	Name:	Robert
    B. Ladd
	 	Title:	Chief
    Executive Officer

 

	 	BUYER:
	 	 
	 	OASIS
    CAPITAL, LLC
	 	 	 
	 	By:	/s/
    Adam R. Long
	 	Name:	Adam
    R. Long 
	 	Title:	Managing
    Partner

 

    	 

    	 

    

 

EXHIBIT
A

 

TO
REGISTRATION RIGHTS AGREEMENT

 

FORM
OF NOTICE OF EFFECTIVENESS

OF
REGISTRATION STATEMENT

 

______,
2019

 

VStock
Transfer, LLC

18
Lafayette Place

Woodmere,
NY 11598

 

Re:
EFFECTIVENESS OF REGISTRATION STATEMENT

 

Ladies
and Gentlemen:

 

We
are counsel to MGT CAPITAL INVESTMENTS, INC., a Delaware corporation (the “Company”), and have represented
the Company in connection with that certain Equity Purchase Agreement, dated as of May 31, 2019 (the “Purchase Agreement”),
entered into by and between the Company and Oasis Capital, LLC (the “Buyer”) pursuant to which the Company
has agreed to issue to the Buyer shares of the Company’s Common Stock, $0.001 par value (the “Common Stock”),
in an amount up to Ten Million Dollars ($10,000,000.00) (the “Put Shares”), in accordance with the terms of
the Purchase Agreement. In connection with the transactions contemplated by the Purchase Agreement, the Company has registered
with the U.S. Securities and Exchange Commission the following shares of Common Stock:

 

(1)            ______
Put Shares to be issued to the Buyer upon purchase from the Company by the Buyer from time to time in accordance with the Purchase
Agreement.

 

Pursuant
to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement
with the Buyer (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things,
to register the Put Shares under the Securities Act of 1933, as amended (the “Securities Act”). In connection
with the Company’s obligations under the Purchase Agreement and the Registration Rights Agreement, on [_____________________],
2019, the Company filed a Registration Statement (File No. ____-[_____________]) (the “Registration Statement”)
with the Securities and Exchange Commission (the “SEC”) relating to the resale of the Put Shares.

 

In
connection with the foregoing, we advise you that a member of the SEC’s staff has advised us by telephone that the SEC has
entered an order declaring the Registration Statement effective under the Securities Act at [___________] [A.M./P.M.] on
[_______], 2019, and we have no knowledge, after telephonic inquiry of a member of the SEC’s staff, that any stop
order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened
by, the SEC, and the Put Shares are available for resale under the Securities Act pursuant to the Registration Statement and may
be issued without any restrictive legend.

 

	 	Very truly yours,
	 	 
	 	[Company Counsel]
	 	 	 
	 	By:	            
	 	 	 
	cc:
    Oasis Capital, LLCExhibit 10.1

 

BACKSTOP AGREEMENT

 

This Backstop Agreement (the “Agreement”)
is made as of May 29, 2019 by and between SMTC Corporation, a Delaware corporation (the “Company”) and Gregory
Weaver (“GW”). Except as otherwise indicated herein, capitalized terms used herein are defined in Section 8
hereof.

 

WHEREAS, the Company has determined to
conduct a rights offering (the “Rights Offering”) to allow its stockholders and the holders of the Company’s
2018 warrants (the “2018 Warrants Holders”, and together with the stockholders, the “Holders”)
(as of record on May 24, 2019) the right to purchase shares of its common stock, par value $0.01 per share (the “Common
Stock”), in proportion to the number of shares of Common Stock that each Holder of the Company owns (and in the case
of the 2018 Warrants Holders, the shares exercisable by the 2018 Warrants Holders) as of the record date (each a “Right”
and, collectively, the “Rights”), at a price per share of $3.14, which is equal to that offered to Holders in
the Rights Offering (the “Subscription Price”), as to be further described in a registration statement filed
by the Company with the Commission, the related prospectus to be filed with the Commission (collectively, the “Shelf Takedown
Documents”) and the offering materials related thereto to be provided to Holders (together, with the Shelf Takedown Documents,
the “Offering Documents”); and

 

WHEREAS, GW has committed to purchase
a number of shares of Common Stock having an aggregate dollar value equal to $750,000, at a price per share equal to the Subscription
Price (the “Total Subscription”).

 

NOW, THEREFORE, in consideration of the
mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

Section 1    
Subscription Commitment.

 

(a)              
Material Terms of the Rights Offering. The material terms of the Rights Offering shall be as set forth in the Offering
Documents, which will reflect the material terms set forth on Exhibit A. GW, with respect to the Common Stock it agrees
to purchase hereunder, shall be afforded substantially the same rights, privileges and preferences (including the benefit of any
representations and warranties) as those afforded to the Holders pursuant to the Offering Documents.

 

(b)              
Basic Subscription Commitment. Pursuant to the terms and subject to the conditions of this Agreement, in connection
with the Rights Offering, GW hereby agrees to purchase a number of shares of Common Stock having an aggregate dollar value equal
to the Basic Subscription Amount.

 

(c)              
Over-Subscription Commitment. Pursuant to the terms and subject to the conditions of this Agreement, in connection
with the Rights Offering, GW hereby agrees to purchase in connection with its over-subscription rights in the Rights Offering a
number of shares of Common Stock up to an aggregate dollar value calculated by subtracting the Basic Subscription Amount (expressed
in dollars) from the Total Subscription (expressed in dollars). As soon as reasonably practicable following the expiration date
for receipt of subscriptions to the Rights Offering (the “Response Deadline”), the Company and the Subscription
Agent shall determine the Over-Subscription Amount and provide notice thereof to GW. In connection with providing its completed
subscription documentation to the Subscription Agent, GW will tender the Total Subscription amount to the Subscription Agent in
accordance with the directions of the Subscription Agent, with such amounts to be applied to satisfy the commitment obligations
set forth herein.

 

     

     

    

 

(d)              
Backstop Commitment. Pursuant to the terms and subject to the conditions of this Agreement, to the extent that the
aggregate value of the Basic Subscription Amount plus the Over-Subscription Amount is less than the Total Subscription,
GW hereby agrees to purchase a number of shares of Common Stock, at a price per share equal to the Subscription Price, having an
aggregate dollar value equal to the Backstop Amount. As soon as reasonably practicable following the Response Deadline, the Company
and the Subscription Agent shall determine the Backstop Amount and provide notice thereof to GW.

 

(e)              
Cutback. Upon written notice to GW, the Company may reduce the Total Subscription amount to a number, expressed in
dollars, calculated by subtracting from the Total Offering Size the following: (i) the dollar value of all shares purchased by
participants in the Rights Offering other than GW (exclusive of any other backstop commitments from other participants in the Rights
Offering) plus (ii) the Pro Rata Backstop Participation of all parties other than GW multiplied by the Total Offering
Backstop; provided, however, that in no event shall the Backstop Subscription Amount be reduced. To the extent the Total Subscription
amount is reduced, the Subscription Agent shall return unused funds to GW.

 

Section 2    
The Closing. Except as otherwise set forth in the Offering Documents, the closing of GW’s subscription for the
Basic Subscription Amount, Over-Subscription Amount, and Backstop Amount, as applicable, shall take place as soon as reasonably
practicable following the Response Deadline at a place mutually agreeable to the Company and GW (the “Closing”).
At the Closing, the Company shall deliver to GW the certificates evidencing the shares of Common Stock subscribed for pursuant
to Section 1 (or, if GW shall so request in writing at least three (3) business days before the Closing, such shares of Common
Stock shall be delivered in electronic format), and the Subscription Agent shall disburse to the Company (i) the Basic Subscription
Amount, (ii) the Over-Subscription Amount and, if any, (iii) the Backstop Amount.

 

Section 3    
Representations and Warranties of the Company. As a material inducement to GW to enter into this Agreement and subscribe
for the Rights, the Company hereby represents and warrants that:

 

(a)              
Organization and Corporate Power. The Company is a corporation duly organized, validly existing and in good standing
under the laws of Delaware and is qualified to do business in every jurisdiction in which its ownership of property or conduct
of business requires it to qualify. The Company has all requisite corporate power and authority and all material licenses, permits
and authorizations necessary to own and operate its properties and to carry on its business as now conducted and presently proposed
to be conducted, and all requisite corporate power and authority to carry out the transactions contemplated by this Agreement,
including, without limitation, the Rights Offering.

 

    - 2 -

     

    

 

(b)              
Capital Stock. All of the issued and outstanding shares of capital stock of the Company have been duly and validly
authorized and issued. The Company has reserved sufficient authorized but unissued shares of Common Stock to consummate the Rights
Offering on the terms set forth on Exhibit A hereto and the transactions contemplated hereby. All shares of Common Stock
to be purchased by GW from the Company pursuant to this Agreement have been duly authorized for issuance and sale pursuant to this
Agreement and, when issued and delivered by the Company pursuant to this Agreement against payment therefor, will be validly issued,
fully paid and nonassessable.

 

(c)              
Authorization; No Breach; Compliance with Laws. The execution, delivery and performance of this Agreement and any
other agreement contemplated hereby to which the Company is a party have been duly authorized by the Company. The execution, delivery
and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby will not (i) conflict
with or result in a breach or violation of any of the terms or provisions of, or constitute a default under, any indenture, mortgage,
deed of trust, loan agreement or other agreement or instrument to which the Company is a party or by which the Company is bound
or to which any of the property or assets of the Company is subject, (ii) result in any violation of the provisions of the charter
or by-laws of the Company or (iii) result in any violation of any statute, including, without limitation, the (x) Delaware General
Corporation Law, (y) any applicable securities laws, or (z) any order, rule or regulation of any court or governmental agency or
body having jurisdiction over the Company or any of its properties or assets. Except for the registration of the offer and sale
of the Rights under the Securities Act and such consents, approvals, authorizations, registrations or qualifications as may be
required under the Exchange Act and applicable state securities laws in connection with the Rights Offering, no consent, approval,
authorization or order of, or filing or registration with, any such court or governmental agency or body is required for the execution,
delivery and performance of this Agreement by the Company and the consummation of the transactions contemplated hereby.

 

(d)              
Broker’s Fees. There is no investment banker, broker, finder or other intermediary or advisor that has been
retained by or is authorized to act on behalf of the Company or any of its Affiliates who might be entitled to any fee, commission
or reimbursement of expenses from GW as a result of the consummation of the transactions contemplated hereby (including, without
limitation, the Rights Offering).

 

Section 4    
Representations and Warranties of GW. As a material inducement to the Company to enter into this Agreement, GW hereby
represents and warrants that:

 

(a)              
Organization and Power. GW is an individual duly organized, validly existing and in good standing and is qualified
to do business in every jurisdiction in which its ownership of property or conduct of business requires it to qualify. GW has all
requisite power and authority and all material licenses, permits and authorizations necessary to own and operate its properties
and to carry on its business as now conducted and presently proposed to be conducted.

 

    - 3 -

     

    

 

(b)              
Authorization; No Breach. The execution of this Agreement by GW and the consummation by GW of the transactions contemplated
hereby will not conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a default
under, any indenture, mortgage, deed of trust, loan agreement or other agreement or instrument to which GW is a party or by which
GW is bound or to which any of its property or assets is subject, nor will such actions result in any violation of the provisions
of any statute or any order, rule or regulation of any court or governmental agency or body having jurisdiction over GW or its
property or assets in each case in a manner that would adversely impact GW’s ability to subscribe for the Rights hereunder;
and, except for the registration of the offer and sale of the Rights under the Securities Act and such consents, approvals, authorizations,
registrations or qualifications as may be required under the Exchange Act and applicable state securities laws in connection with
the Rights Offering, no consent, approval, authorization or order of, or filing or registration with, any such court or governmental
agency or body is required for the execution, delivery and performance of this Agreement by GW and the consummation by GW of the
transactions contemplated hereby in each case in a manner that would adversely impact GW’s ability to subscribe for the Rights
and perform its obligations hereunder.

 

(c)              
Broker’s Fees. There is no investment banker, broker, finder or other intermediary or advisor that has been
retained by or is authorized to act on behalf of GW who might be entitled to any fee, commission or reimbursement of expenses from
either the Company or any of its Affiliates as a result of consummation of the transactions contemplated hereby (including, without
limitation, the Rights Offering).

 

Section 5    
Conditions to Obligations of Each Party to Effect the Closing. The respective obligations of each party to consummate
the transactions contemplated hereby are subject to the satisfaction on or prior to the Closing of each of the following conditions:

 

(a)              
The Shelf Takedown Documents shall have been filed with the Commission and declared effective; no stop order suspending
the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for that purpose shall
have been initiated or threatened by the Commission; and any request of the Commission for inclusion of additional information
in the Shelf Takedown Documents or otherwise shall have been complied with.

 

(b)              
No action, suit or proceeding shall be pending or threatened before any court or quasi-judicial or administrative agency
of any jurisdiction or before any arbitrator wherein an unfavorable judgment, decree, injunction, order or ruling would prevent
the performance of this agreement or any of the transactions contemplated hereby (including, without limitation, the Rights Offering),
declare unlawful the transactions contemplated by this Agreement (including, without limitation, the Rights Offering) or cause
such transactions to be rescinded.

 

(c)              
The Rights Offering shall have been consummated in conformity with the requirements and conditions set forth in the Offering
Documents.

 

    - 4 -

     

    

 

Section 6    
Conditions to Obligations of the Company to Effect the Closing. Subject to Section 5 above, the obligations of the Company
to consummate the transactions contemplated hereby are subject to each of the representations and warranties of GW contained in
this Agreement being true and correct in all material respects as of the date hereof and at and as of the date of the Closing as
if made at and as of such time, except that, to the extent such representations and warranties address matters only as of a particular
date, such representations and warranties shall, to such extent, be true and correct in all material respects at and as of such
particular date as if made at and as of such particular date.

 

Section 7    
Conditions to Obligations of GW to Effect the Closing. Subject to Section 5 above, the obligations of GW to consummate
the transactions contemplated hereby and to purchase the Total Subscription amount are subject to each of the representations and
warranties of the Company contained in this Agreement being true and correct in all material respects as of the date hereof and
at and as of the date of the Closing as if made at and as of such time, except that, to the extent such representations and warranties
address matters only as of a particular date, such representations and warranties shall, to such extent, be true and correct in
all material respects at and as of such particular date as if made at and as of such particular date.

 

Section 8    
Definitions. For the purposes of this Agreement, the following terms have the meanings set forth below:

 

“Affiliate” means,
with respect to any Person, any other Person directly or indirectly controlling, controlled by or under direct or indirect common
control with such Person. For purposes of this definition, “control” when used with respect to any specified Person
means the power to direct or cause the direction of the management and policies of such Person, directly or indirectly, whether
through the ownership of voting securities, by Contract or otherwise, and the terms “controlling” and “controlled”
have meanings correlative of the foregoing.

 

“Backstop Amount”
means the amount calculated as follows: Total Subscription minus the sum of (i) the Basic Subscription Amount and (ii) the
Over-Subscription Amount, which such aggregate dollar amount will be finally-determined by the Company and the Subscription Agent,
as described in Section 1.

 

“Basic Subscription Amount”
means the aggregate dollar amount of the full pro-rata number of shares of Common Stock offered to GW pursuant to the Rights Offering
before any allocation of over-subscription privileges.

 

“Commission” means
the Securities and Exchange Commission or any governmental body or agency succeeding to the functions thereof.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

 

“Over-Subscription Amount”
means the aggregate dollar amount of the number of shares of Common Stock allotted to GW by the Subscription Agent in the Rights
Offering, as described in Section 1; provided, however, that the sum of the Basic Subscription Amount plus
the Over-Subscription Amount shall not exceed the Total Subscription.

 

    - 5 -

     

    

 

“Person” means
an individual, a partnership, a corporation, a limited liability company, association, a joint stock company, a trust, a joint
venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof.

 

“Pro Rata Backstop Participation”
with respect to any participant in the Total Offering Backstop Amount, is a percentage calculated as follows: the backstop amount
of such participant divided by the Total Offering Backstop Amount.

 

“Securities Act”
means the Securities Act of 1933, as amended.

 

“Subscription Agent”
means Computershare Trust Company, N.A.

 

“Total Offering Size”
means a number, expressed in dollars, equal to the maximum aggregate value of securities offered in the Rights Offering.

 

“Total Offering Backstop
Amount” means a number, expressed in dollars, equal to the total backstop commitment of all parties agreeing to provide
a backstop to the Rights Offering substantially similar to the Backstop Commitment, as may be reduced by cutback provisions substantially
similar to those set forth in Section 1(e) of this Agreement.

 

Section 9    
Termination. This Agreement may be terminated at any time prior to the Closing, as follows:

 

(a)              
by mutual written consent of the Company and GW;

 

(b)              
by either the Company or GW if any governmental entity shall institute any suit or action challenging the validity or legality
of, or seeking to restrain the consummation of, the transactions contemplated by this Agreement (including, without limitation,
the issuance of Rights pursuant to the Rights Offering);

 

(c)              
by the Company, in the event GW has breached any representation, warranty, or covenant contained in this Agreement, in any
material respect, provided that the Company has notified GW of the breach, and the breach has continued without cure for a period
of fifteen (15) days after the notice of such breach or for such longer period so long as such breach is curable by GW through
the exercise of its reasonable efforts, and GW continues to exercise such reasonable efforts; and

 

(d)              
by GW, in the event that the Company has breached any representation, warranty, or covenant contained in this Agreement,
in any material respect, provided that GW has notified the Company of the breach, and the breach has continued without cure for
a period of fifteen (15) days after the notice of such breach or for such longer period so long as such breach is curable by the
Company through the exercise of its reasonable efforts, and the Company continues to exercise such reasonable efforts.

 

    - 6 -

     

    

 

Section 10 Miscellaneous.

 

(a)              
Indemnification. Each party hereby releases and agrees to indemnify, defend and hold harmless the other party and
its Affiliates, from and against losses resulting from the breach of any of the representations and warranties provided by such
party hereunder; provided, however, the Company shall not be obligated to indemnify, defend or hold harmless GW or its Affiliates
to the extent (i) GW suffers losses arising out of disclosure of material, non-public information by GW or its Affiliates to a
third party and (ii) such disclosure has not been disclosed to the Company as of the date of this Agreement.

 

(b)              
Successors and Assigns. All covenants and agreements in this Agreement by or on behalf of any of the parties hereto
will bind and inure to the benefit of the respective successors and assigns of the parties hereto whether so expressed or not;
provided that neither this Agreement nor any of the rights, interests, or obligations hereunder may be assigned by any party without
the prior written consent of the other party.

 

(c)              
Survival of Representations and Warranties. All representations and warranties contained herein or made in writing
by any party in connection herewith shall survive the execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby.

 

(d)              
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

 

(e)              
Construction. Whenever the context requires, each term stated in either the singular or the plural shall include
the singular and the plural, and pronouns stated in either the masculine, the feminine or the neuter gender shall include the masculine,
feminine and neuter. All references to Sections and Paragraphs refer to sections and paragraphs of this Agreement. The use of the
word “including” in this Agreement shall be by way of example rather than limitation.

 

(f)               
Amendment and Waiver. The provisions of this Agreement may be amended and waived only with the prior written consent
of the parties hereto.

 

(g)              
Counterparts; Facsimile Signature. This Agreement may be executed simultaneously in two or more counterparts, any
one of which need not contain the signatures of more than one party, but all such counterparts taken together shall constitute
one and the same Agreement. This Agreement may be executed by facsimile signature.

 

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(h)              
Governing Law. This Agreement will be governed in all respects by the laws of the State of Delaware, without regard
to the principles of conflicts of law of such state.

 

(i)                
Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions
of this Agreement shall be in writing and shall be deemed to have been given when delivered personally to the recipient, sent to
the recipient by reputable express courier service (charges prepaid) or mailed to the recipient by certified or registered mail,
return receipt requested and postage prepaid.

 

[Signature Page Follows]

 

 

 

 

 

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IN WITNESS WHEREOF, the parties hereto have
executed this Backstop Agreement on the date first written above.

 

 

		SMTC CORPORATION	 
	 	 	 	 
	 	By:	/s/ Edward Smith	 
	 	Name: 	Edward Smith	 
	 	Title: 	President and Chief Executive Officer	 

 

 

		GREGORY A. WEAVER	 
	 	 	 	 
	 	By:	/s/ Gregory A. Weaver	 
	 	Name: 	Gregory A. Weaver	 

 

 

 

 

    - 9 -

     

    

 

EXHIBIT A 

Material Terms of Rights Offering

 

	Issuer	SMTC Corporation
	Rights	Pro rata rights to purchase shares of SMTC Corporation common stock, par value $0.01, by existing stockholders and the 2018 Warrants Holders
	Transferability	Non-transferable and non-assignable
	Aggregate Offering Price	An amount to be determined by the Company, up to $10,000,000
	Offering Price	$3.14 per share
	Offered Shares	That number of common shares equal to the amount calculated by dividing the Aggregate Offering Price by the Offering Price
	Standby Commitment	GW commitment to purchase the Backstop Amount

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00296-of-00352.parquet"}]]