Document:

EX-10.12

 Exhibit 10.12 

CONFIDENTIAL TREATMENT REQUESTED 

DISTRIBUTION AGREEMENT 

THIS DISTRIBUTION AGREEMENT (“Agreement”) is entered into by and between INGRAM MICRO
INC. (“Ingram Micro”), a Delaware corporation, located at 1600 E. St. Andrew Place, Santa Ana, California 92705, and TENABLE NETWORK SECURITY,
INC., a Delaware corporation located at 7063 Columbia Gateway Drive, Suite 100, Columbia, Maryland 21046 Including its subsidiaries and affiliates (each, and collectively, “Vendor”). 

1. Definitions. The following terms, when capitalized, will have the meanings defined below. 

“Confidential Information” means all information, regardless of the form in which it is transmitted, relating to the
disclosing party’s (or another party whose information the disclosing party has in its possession under obligations of confidentiality) past, present, or future research, development or business plans, operations or systems, including without
limitation, this Agreement including its subject matter and terms and conditions, studies or reports, software, memoranda, drafts and any other information, including but not limited to Ingram Micro’s reseller and end user information, in
either tangible or intangible form that under the circumstances surrounding the disclosure, the receiving party reasonably should recognize as being confidential. 

“DFI” means a deduction taken by Ingram Micro from Vendor’s invoice corresponding to a credit issued by Vendor or
due Ingram Micro. 
 “Effective Date” means the date of the last signature on the signature page. 

“Information” means data, images, photos, logos, and other varieties of information regarding Vendor’s Products.

 “Licensed Product” means products offered by Vendor that are distributed and accessed via electronic means. 

“PO” means purchase order submitted by Ingram Micro to Vendor. 

“Product” means each, and collectively, Licensed Product and Services. 

“Services” means services offered by Vendor. 

“Special Pricing” means non-standard Product pricing, discounts, rebates or
incentives offered by Vendor in writing to Ingram Micro and to Ingram Micro’s customers which is lower than Vendor’s standard pricing. 

“Territory” means worldwide. 

2. Product. Vendor grants Ingram Micro and its customers the non-exclusive right to purchase, sell and
distribute Product to its customers for resale in the Territory and to hold themselves out as distributors and resellers of Products, 
 3.
Retained Rights and Use Rights. All Licensed Product is licensed and not sold. Vendor retains all right, title and interest in and to the Licensed Product, including all copyrights and other intellectual 

 
  

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property rights contained in the Licensed Product in accordance with its documentation. Each party owns and maintains its respective marks including but not limited to trademarks, service marks
and trade names and neither party will acquire any rights in the marks of the other. Vendor grants Ingram Micro and its customers a limited license to use Vendor’s marks and Information in association with the sale of Vendor’s Products
subject to Vendor usage guidelines. Vendor will not use Ingram Micro marks, including but not limited to use for advertising, promotion of publicity, without the prior written consent of Ingram Micro. Each party will independently own and maintain,
without any consent of one party to the other, addresses on the worldwide web i.e. domain locations. Ingram Micro customers have the right to distribute Vendor’s Products. 

4. Ingram Micro Affiliates. Each Ingram Micro affiliate that elects to purchase and distribute Product under the terms of this Agreement must
sign a separate agreement that will incorporate the terms of this Agreement and modify these terms as needed to comply with local laws and business practices. All Product purchases in a country outside of the United States will take place solely by
means of an order placed by the Ingram Micro entity operating in that country. 
 5. Term and Termination. The initial term of this Agreement
is one year from the Effective Date. This Agreement will automatically renew for successive one-year terms unless either party provides written notice of termination no less than 30 days prior to the
anniversary date. Either party may terminate this Agreement for convenience upon 30 days prior written notice, and will not have to pay the other party any compensation, costs or damages resulting from the termination of this Agreement without
cause. Either party may terminate this Agreement if the other party materially breaches any term of this Agreement and fails to cure the breach within **** after written notification; ceases to conduct business in the normal course; or becomes
insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any proceeding under any applicable bankruptcy or insolvency
law. Tenable may terminate this Agreement immediately upon notice if it merges with or substantially all of its assets are acquired by a party using an alternative distributor. 

6. Vendor Information. Vendor agrees to provide Ingram Micro with information reasonably necessary to distribute Products including without
limitation: 
 (a) Information for distribution or use by Ingram Micro and its customers for the promotion of Products. 

(b) **** 
 (c)
Export information that Includes without limitation: (i) each Product’s Export Control Classification Number (ECCN); (ii) for Products containing encryption, the declaration of eligibility for License Exception (ENC); (iii) a copy of the
Commodity Classification Automated Tracking System (COATS) approval form; and (iv) any other information reasonably required by Ingram Micro from time to time for the purposes of export. Within 10 days of (a) the Effective Date,
(b) the addition of any Products, and (c) any changes to this information, Vendor is to provide the export information required under this section in a format mutually acceptable to the parties. 

(d) Financial information reasonably requested by Ingram Micro from time to time for the purpose of assessing Vendor’s financial
position. On request by Ingram Micro, Vendor shall provide bank and credit references, and a third party accounting reference, that will help evaluate Vendor’s liquidity, and ability to continue doing business with Ingram Micro. Ingram Micro
will not have access to proprietary information that is not generally available. 
  

 

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 (e) Prompt notification of changes to: Vendor’s name; address; sale of substantially
all of its assets or those of any subsidiary or affiliate of Vendor; or change in the control of Vendor whether effected by merger or stock sale. 

7. Pricing. Unless otherwise stated in this Agreement, Vendor will sell Products to Ingram Micro at the prices stated in the Vendor’s
distributor price list. Product will be invoiced at ****. Ingram Micro has sole discretion as to the selling price of Product to its customers. 
 8.
Orders and Invoicing. Each order form submitted by Ingram Micro will specify the name of the reseller partner and their contact info, the name of the end user, end user contact Info, the Products and the quantities ordered and the end
user’s address. All orders for Products placed by Ingram Micro are subject to approval by Vendor. If Vendor accepts an order placed by Ingram Micro, Vendor shall deliver the Products to the end user and shall provide the end user with
Vendor’s standard end-user license agreement. If an end user declines to enter into an end-user license agreement with Vendor, Vendor shall have the right to cancel
the order. At the time of Product delivery, Vendor will issue an invoice in U.S. dollars, to the address on Ingram Micro’s PO, bearing Ingram Micro’s PO number, Ingram Micro’s SKU number, the Vendor part number(s), description(s), and
price and payment terms as specified in this Agreement. Vendor agrees to provide Product invoices to Ingram Micro within **** of delivery date or waive its right to invoice and collect any amounts related to that Product. 

9. Payment. Payment terms will be **** from the invoice date. The payment date will be the payment postmark date or the actual date of
electronic funds transfer, as applicable. Ingram Micro will not be ****. Any **** by Ingram Micro will constitute Ingram Micro’s ****. Vendor will notify Ingram Micro of ****. The parties will reconcile all accounting issues related to this
Agreement on a regular basis. The parties agree that each party must notify the other of any accounting claim arising under this Agreement within one year from the date of the transaction that gave rise to the claim or the right to assert the claim
will be waived, if not waived previously under this Agreement. 
 10. Returns. 

(a) Licensed Product Returns. During the term of this Agreement and for one year after its expiration or termination, Vendor will
handle all Licensed Product return requests that Ingram Micro refers to Vendor, and Vendor will administer the process of obtaining letters of destruction. Vendor will provide Ingram Micro with its channel partner manager as a point of contact to
direct all requests for returns. Any and all returns will be in accordance with Vendor’s return policy, and at Vendor’s sole discretion. For all Licensed Product returns accepted by Vendor, Vendor will promptly notify Ingram Micro of the
accepted return and Ingram Micro is authorized to take a DTI against Vendor’s account. 
 (b) Credits. Vendor will credit
Ingram Micro the original Product invoice price for all accepted Product returns. 
 11. Marketing. Vendor will establish a cooperative
marketing allowance for Vendor-approved Product marketing activities. 
 12. **** 

13. Vendor Warranty. Vendor represents and warrants that: 

(a) it has full power, right and authority to enter into this Agreement and all necessary licenses to provide the Product for resale;

 (b) it has good, transferable title to the Product; 
  

 

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 (c) Product sales to Ingram Micro do not in any way constitute violations of any law,
ordinance, rule or regulation in the Territory; and 
 (d) it will provide or make available a warranty statement with the Product
for end user benefit. 
 14. Ingram Micro Warranty. Ingram Micro represents and warrants that: 

(a) it has full power, right and authority to enter into this Agreement and all necessary licenses to provide the distribution services
hereunder; and 
 (b) it will comply with all applicable laws in its performance of the distribution services hereunder. 

15. Warranty Disclaimer. EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT, NEITHER PARTY MAKES ANY OTHER WARRANTIES, EXPRESS, STATUTORY OR
IMPLIED, INCLUDING ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, INTEGRATION, PERFORMANCE AND ACCURACY, AND ANY IMPLIED WARRANTIES ARISING FROM STATUTE, COURSE OF DEALING, COURSE OF PERFORMANCE, OR USAGE OF TRADE.

 16. Indemnification. 
 (a)
Vendor will defend, indemnify, and hold Ingram Micro and its customers harmless from and against any claims, demands, liabilities, or expenses (including attorney’s fees and costs): 

(i) for any alleged acts, omissions, breaches of warranty or misrepresentations by Vendor; 

(ii) for costs associated with document production, depositions, interrogatories and related demands, arising either from private third
party claims or governmental claims or investigations against or concerning Vendor to which Ingram Micro is neither a party to nor target of; and 

(iii) incurred by Ingram Micro arising from the alleged infringement of any United States patent, United States copyright, United
States trademark, or trade secret enforceable in the United States by reason of the manufacture, sale, marketing, or use of the Product and its respective specifications, information or documentation. 

(b) Upon threat of claim or claim of infringement as stated above, in addition to its indemnity obligations, Vendor may, at its expense
and option: 
 (i) procure the right to continue using the Product or any part of the Product, as applicable; 

(ii) replace the infringing Product with a non-infringing Product of similar performance; or

 (iii) modify the Product to make it non-infringing. 

(c) The rights under subsection 16(b) are in addition to and not a substitute for Ingram Micro’s right of indemnification. 

 
  

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 (d) Ingram Micro will defend, indemnify, and hold Vendor and its customers harmless from
and against any claims, demands, liabilities, or expenses (including attorney’s fees and costs): 
 (i) for any alleged acts,
omissions, breaches of warranty or misrepresentations by Ingram Micro; 
 (ii) for costs associated with document production,
depositions, interrogatories and related demands, arising either from private third party claims or governmental claims or investigations against or concerning Ingram Micro to which Vendor is neither a party to nor target of; and 

(iii) Ingram Micro will pass through to Vendor any indemnification it receives from the manufacturers of other products that Ingram
Micro sells to its customers and is authorized to pass through to Vendor. Nothing in the foregoing will affect any rights or remedies Vendor may have directly against such manufacturers. 

17. Limitation of Liability. EXCEPT FOR A PARTY’S INDEMNIFICATION AND CONFIDENTIALITY OBLIGATIONS IN THIS AGREEMENT, AND EXCEPT TO THE
EXTENT OF BODILY INJURY OR DEATH, NEITHER PARTY WILL BE LIABLE TO THE OTHER FOR LOST PROFITS OR LOST BUSINESS, INDIRECT, CONSEQUENTIAL OR PUNITIVE DAMAGES, WHETHER BASED IN CONTRACT OR TORT (INCLUDING NEGLIGENCE, STRICT LIABILITY OR OTHERWISE)
WHETHER OR NOT EITHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. EXCEPT FOR A PARTY’S INDEMNIFICATION AND CONFIDENTIALITY OBLIGATIONS IN THIS AGREEMENT, AND EXCEPT TO THE EXTENT OF BODILY INJURY OR DEATH, EACH PARTY’S TOTAL
LIABILITY TO THE OTHER PARTY WILL BE LIMITED TO THE PARTY’S ACTUAL DIRECT DAMAGES, NOT TO EXCEED THE AGGREGATE AMOUNT PAID BY INGRAM MICRO FOR THE PRODUCTS DURING THE TWELVE (12) MONTH PERIOD PRECEDING THE EVENT FROM WHICH THE DAMAGES
AROSE. UNDER NO CIRCUMSTANCE SHALL VENDOR BE LIABLE FOR WARRANTIES GRANTED BY INGRAM MICRO TO END USERS. 
 18. Vendor Insurance. Vendor will,
at its own expense, and at all times of during the term of this Agreement, provide and maintain in effect the insurance policies and minimum limits designated below, and any other insurance required by law, with insurers with an A.M. Best’s
insurance rating of A-:VIII or better, or as otherwise reasonably acceptable to Ingram, and otherwise comply with all those requirements stated herein. 

(a) Commercial General Liability Insurance. Vendor will carry Commercial General Liability insurance covering all operations by
or on behalf of Vendor arising out of or connected with this Agreement, providing coverage for bodily injury, property damage, personal and advertising injury, products liability, completed operations liability, and contractual liability, with a
minimum per occurrence limit of $**** and annual aggregate limit of $****. 
 (b) Workers’ Compensation Insurance and
Employer’s Liability Insurance. Vendor will provide Workers’ compensation insurance as required by and in accordance with the applicable laws in the states, territories or provinces having jurisdiction over Vendor’s employees.
Employer’s liability insurance will be provided with a minimum limit of $****. 
 (c) Automobile Liability Insurance.
Vendor will carry Comprehensive Business Automobile Liability insurance, including coverage for bodily injury and property damage for non-owned and hired Vehicles with a minimum limit of $**** per accident.

 (d) Errors and Omissions Liability (Professional Indemnity) Insurance. Vendor will carry insurance for Errors and Omissions
Liability (Professional Indemnity) with a minimum limit of $**** per occurrence or per claim and in the annual aggregate, covering negligent acts, errors or omissions and 
  

 

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wrongful acts. Such insurance will include coverage for the following risks: i) liability arising from theft, dissemination and/or use of confidential and proprietary information stored or
transmitted in electronic form, and ii) liability arising from the introduction of a computer virus into, or otherwise causing damage to, Ingram’s, a customer’s or third-party’s computer, computer system, network or similar
computer-related property and the data, software and programs stored therein, with a minimum sublimit of $**** per occurrence or per claim. 

(e) Within a reasonable time after signing this Agreement, and within a reasonable time upon request (but no more than once per year)
for the duration of the Agreement, Vendor will provide Ingram with Certificates of Insurance evidencing the required coverage. Vendor’s failure to provide certificates of insurance in compliance with the insurance requirements herein, or
Ingram’s failure to receive certificates, shall not limit or relieve Vendor of its obligation to comply with the requirements set forth above or constitute a waiver of the requirements herein. 

19. Ingram Micro Insurance. Ingram Micro shall obtain and maintain, at its expense, a policy or policies of: 

(a) Commercial General Liability (including product and completed operations, personal and advertising injury and contractual liability
coverage) with a minimum per occurrence limit of $****. 
 (b) Workers’ Compensation Insurance with statutory limits. 

(c) Employers’ Liability insurance with minimum limits of $****. 

(d) Automobile Liability Insurance with $**** coverage limits. 

(e) Upon request, Ingram shall provide the Certificates of Insurance evidencing the required coverage. 

20. Compliance with Laws. Each party will comply with all applicable state, federal, and where applicable, country specific laws, rules and
regulations in the Territory and will indemnify the other party in the event of any violations. In addition, each party will comply with all applicable export laws and regulations, including but not limited to, the U.S. Export Administration Act of
1979 as amended and its implementing regulations. The parties will adhere to the provisions of the U.S. Foreign Corrupt Practices Act, the UK Bribery Act, and similar applicable legislation. The parties have not made, and will not make, any direct
or indirect payment, offer to pay, or authorization to pay, including without limitation, any money, gift, promise to give, or authorization of the giving, of anything of value to any government official or politician, or the immediate family of
that official or politician, for the purpose of influencing an act or decision of the government or that individual in order to assist, directly or indirectly, Vendor or Ingram Micro in obtaining or retaining business, or securing an improper
advantage. The commitment to comply with anti-bribery and corrupt practices legislation also extends to any dealings between the parties and their commercial customers and other parties. Ingram Micro policy prohibits solicitation of gifts,
gratuities, entertainment and other courtesies from vendors. 
 21. Confidential Information. Confidential Information must be kept
confidential by the receiving party and will be protected by the receiving party from disclosure with at least the same degree of care as that which is accorded to its own confidential information, but in no event with less than reasonable care.
Confidential Information will not be disclosed to anyone except: (a) to employees of the receiving party and its affiliated companies who have a need to know; (b) contractors or consultants of the receiving party, provided that those
employees, contractors or consultants have a need to know, have been informed of receiving party’s obligations as stated in this section, and have agreed in writing to them; and (c) where disclosure is lawfully required, including to any
government agency. If Ingram Micro provides end user or reseller information to Vendor, Ingram Micro grants Vendor a non-assignable license to use 

 
  

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that information for the purpose of internally determining sales compensation for Vendor’s employees, or the sale of complementary Products or services to those end users or resellers that
were not purchased at the time of sale through Distributor. Vendor agrees not to contact any reseller or end user listed in the Confidential Information for the purpose of supplanting the business, relationship with Ingram Micro by soliciting a
direct sales relationship between Vendor and such party. Notwithstanding the foregoing, Vendor may contact any party in the event this Agreement is terminated. Moreover, if such a reseller or end user initiates contact with Vendor, Vendor may
respond and contact such reseller or end user in its sole discretion. Vendor shall not be prohibited from contacting or soliciting end users or resellers identified in the information: (1) with whom Vendor already has a direct relationship;
(2) who contact Vendor of their own accord; of (3) who are developed as prospective customers independent of the information. The receiving party is not obligated to protect information received under this Agreement which; (i) is
already known to the receiving party at the time of its disclosure; (ii) is or becomes publicly known through no wrongful act of the receiving party; (iii) is received from a third party without similar restrictions and without breach of
this Agreement; or (iv) is independently developed by the receiving party. Notwithstanding the foregoing, Vendor consents to Ingram Micro providing excerpts of the warranty, indemnification and limitation of liability provisions to Ingram
Micro’s customers for use by Ingram Micro’s customers and their customers, only to the extent requested by Ingram Micro’s customers. 

22. Taxes. 
 (a) Each party will be
responsible for taxes based on its own capital, net income, gross receipts, employment taxes of its own employees, and for taxes on any property it owns. If Ingram Micro is required to withhold taxes from payments to Vendor, Ingram Micro will make
payment to Vendor of the amount owing on the invoice, less a deduction for such tax withheld, which amount will be remitted to the relevant tax authority. Payments of the net sum to Vendor and the withholding tax to the relevant lax authority
constitute, for purposes of this Agreement, full settlement of the amount owing under the invoice. Ingram Micro will provide Vendor with a valid receipt for such tax withheld from the relevant tax authority within 90 days of payment of the
applicable invoice. Ingram Micro is responsible for the payment of all other taxes imposed by any governmental authority in the Territory or elsewhere in connection with the resale of the Products under this Agreement. 

(b) Tax Information. Ingram Micro will provide Vendor with any appropriate tax identification information that Vendor, in its
sole discretion, requires to ensure Vendor’s compliance with appropriate country tax regulations. In particular, this tax identification information must enable Vendor to identify when VAT must be collected by Vendor from Ingram Micro and paid
to appropriate country tax authorities. 
 (c) Refund of Taxes and Duties. In the event of any Product returns or price
protection under this Agreement, all taxes, duties, levies and other governmental charges on the returned Products or the price, protected Products which are not recovered by or refunded to Ingram Micro will be borne by Vendor. Upon notification or
invoice by Ingram Micro of the amounts of these non-recoverable taxes, duties, levies or charges, Vendor will promptly issue a credit memo towards future orders or provide a cash refund if there are no
invoices then outstanding. 
 23. Dispute Resolution. The procedure for handling disputes is as follows: 

(a) Informal Dispute Resolution. The parties will initially seek informal resolution of any dispute by escalating it to senior
management. Each party will honor all reasonable requests for non-privileged information related to the dispute. If the dispute is not resolved within 30 days, either party may proceed to mediation or
arbitration as set forth in (b) or (c). 
 (b) Mediation. If the dispute is valued at not less than $**** and has not
been resolved through informal dispute resolution, either party may, in writing and within 20 days of notification to the 
  

 

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other, ask the other party to participate in a one day mediation, and the other party must do so. Each party will beat its own expenses and an equal share of the fees of the mediator. If the
mediation is not successful the parties may proceed with arbitration as set forth in (c) below. 
 (c) Arbitration. If
the dispute has not been resolved by informal dispute resolution or mediation, the parties must promptly refer the dispute, no later than one year from the date of original notice and subject to applicable statute of limitations, to binding
arbitration in accordance with AAA Rules and will be conducted in New York, New York. Each party will bear its own expenses and will share equally in fees of the arbitrator(s). All candidates must have substantial experience in information
technology or in the technology supply chain business and will be selected by the parties in accordance with AAA Rules. If the value of the dispute is under $****, a single arbitrator will be selected by the parties from the candidate pool. If the
value of the dispute is over $****, a three arbitrator panel will be selected by the parties from the candidate pool. The parties will provide each other with all requested documents and records related to the dispute in a manner that will minimize
the expense and inconvenience of both parties. Discovery will not include depositions or interrogatories except as the arbitrators expressly allow upon a showing of need. The parties and arbitrator(s) will be guided in resolving discovery disputes
by the Federal Rules of Civil Procedure. If disputes arise concerning discovery requests, the arbitrators will have sole and complete discretion to resolve the disputes. The parties agree that time of the essence principles will guide the hearing
and that the arbitrator(s) will have the right and authority to issue monetary sanctions in the event of unreasonable delay. The arbitrator(s) will deliver a written opinion setting forth findings of fact and the rationale for the award within 30
days following conclusion of the hearing. The award of the arbitrator(s), which may include legal and equitable relief, but which may not include punitive damages, will be final and binding upon the parties, and judgment may be entered upon it in
accordance with applicable law in any court of competent jurisdiction. In addition to award the arbitrator(s) will have the discretion to award the prevailing party all or part of its attorneys’ fees and costs, including fees associated with
arbitrator(s), if the arbitrator(s) determines that the positions taken by the other party on material issues of the dispute were without substantial foundation. This Agreement will control if there is a conflict between the terms of this Agreement
and the AAA Rules. 
 24. Governing Law. This Agreement will be construed and enforced in accordance with the laws of the State of New York,
exclusive of its conflicts of law provisions. Both parties consent to the jurisdiction and venue in the state and federal courts located In New York, New York. The United Nations Convention on Contracts for the International Sale of Goods will not
apply to this Agreement. 
 25. General Terms. This Agreement constitutes the entire agreement between the parties regarding its subject
matter. This Agreement supersedes and terminates any and all previous proposals, representations or statements, oral or written. This Agreement will take precedence over any conflicting terms and conditions contained in each party’s purchase
orders, invoices, acknowledgments, confirmations or similar documents. Any modifications to this Agreement must be in writing and signed by authorized representatives of both parties. This Agreement may be executed in one or more counterparts, each
of which will be considered an original, but all of which together will constitute one and the same instrument. Delivery of an executed counterpart of this Agreement by facsimile or electronic copy will be as effective as delivery of the original
version. Unless a provision setting forth the rights or obligations of a party is expressly terminated as set forth in the specific language of the provision, the parties agree that all rights and obligations set forth in this Agreement, which by
their nature or operation are considered material, will survive termination of this Agreement. Each party is an independent contractor as to the other, no other relationship is created by this Agreement and neither party has any right to enter into
agreements with third parties on behalf of the other. Neither party will assign this Agreement without the express written consent of the other party, not to be unreasonably withheld. This Agreement shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and permitted assigns. The waiver by either party of a breach of any provision of this Agreement will not be a waiver of the provision itself or a waiver of any breach in the future, or a
waiver of any other provision in this Agreement. Failure to require performance will not affect a party’s right to require performance of that or any future duty. If any provision in this Agreement is held to be invalid, illegal or
unenforceable, that 
  
  

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provision will be enforced to the fullest extent permitted by applicable law and the validity, legality and enforceability of the remaining provisions will not in any way be affected or impaired
so long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any matter materially adverse to any party. All legal notices sent by one party to the other must be in writing and sent to an
authorized representative of the party at the address set forth in the first paragraph of this Agreement (or other address as the parties may designate including the email address of that authorized representative), and may be: (i) personally
delivered to an officer of the other party; (ii) sent by registered or certified mail, return receipt requested, or by any nationally recognized courier service; (iii) by facsimile, which must be subsequently confirmed in writing as
required in (ii) of this sentence; or (iv) by email. For the purposes of notice to Ingram Micro, notices shall be addressed to both “Legal Department” and “Vice President, Vendor Management”. For the purposes of notice
to Vendor, notices shall be addressed to both “Legal Department” and “Vice President, Business Development”. The signatories of this Agreement are authorized representatives of their respective parties. 

IN WITNESS WHEREOF, the parties set forth below have executed this Agreement. 
  

									
	Ingram Micro Inc.	 	Tenable Network Security, Inc.
					
	By:	 	 /s/ Ken Bast
	 		 	By:	 	 /s/ Jack Huffard

 

									
	Printed Name:	 	Ken Bast	 		 	Printed Name:	 	Jack Huffard
	Title: VP of GM Advanced Technology	 		 	Title: President
			
	Date:   9/10/2012	 		 	Date:   8/30/2012

  
  

	****	CERTAIN INFORMATION HAS BEEN OMITTED AND FILED SEPARATELY WITH THE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.Orgenesis Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

EXECUTION VERSION 

ADVISORY SERVICES AGREEMENT 

THIS ADVISORY SERVICES AGREEMENT
(this “Agreement”), effective as of June 28, 2018, is by and between
Masthercell Global Inc., a Delaware corporation (the “Company”), and
Great Point Partners, LLC, a Delaware limited liability company (“Great
Point” and together with the Company, sometimes referred to individually
as the “Party” and collectively as “Parties”). 

WHEREAS, on the terms and subject
to the conditions contained in this Agreement, the Company desires to engage
certain management and consulting services of Great Point and Great Point
desires to perform such services for the Company. 

NOW, THEREFORE, in consideration
of the premises and the respective mutual agreements, covenants, representations
and warranties contained in this Agreement, the receipt and sufficiency of which
are hereby acknowledged, the Parties agree as follows: 

1.    
Appointment of Great Point. On the terms and subject to the conditions
set forth in this Agreement, the Company appoints Great Point, and Great Point
accepts appointment, as management consultant and financial advisor to the
Company and its subsidiaries, including any entities formed or acquired by the
Company or its subsidiaries after the date of this Agreement (collectively, the
“Company Group”). GPP agrees to provide strategic advice to, and act as a
strategic partner for, the Company Group. For the sake of clarity, the Company
Group shall not be deemed to include Orgenesis Inc. or any of its subsidiaries
who are not the Company or direct or indirect subsidiaries of the Company. 

2.    
Board of Directors Supervision. The activities of Great Point to be
performed under this Agreement will be subject to the supervision of the board
of directors of the Company (the “Board”) to the extent required
by applicable law or regulation and subject to reasonable written policies
consistent with the terms of this Agreement adopted by the Board and in effect
from time to time. 

3.    
Authority of Great Point. Subject to any limitations imposed by
applicable law or regulation, Great Point will render management and consulting
services to the Company Group, which services will include advice and assistance
concerning the operations, planning and financing of the Company Group, as
needed from time to time, including advising the Company Group in their
relationships with banks and other financial institutions and with accountants,
attorneys, financial advisors and other professionals. Upon the request of the
Board, Great Point will make periodic reports to the Company with respect to the
services provided hereunder which reports shall include such information, and be
in such form, as reasonably requested by the Board. Great Point will use its
reasonable efforts to cause its employees and agents to provide the Company
Group with the benefit of their knowledge, skill and business expertise to the
extent relevant to the business and affairs of the Company Group. In addition,
Great Point will render advice and assistance in connection with any
acquisitions, dispositions or financing transactions undertaken by the Company
Group and may from time to time bring to the Company such investment and other
acquisition opportunities as Great Point deems appropriate in its sole
discretion. The Company agrees to furnish or cause to be furnished to Great
Point all information as is reasonably necessary or appropriate for use in
carrying out its obligations hereunder as reasonably determined by the Company. The Company
agrees that any information or advice rendered by Great Point or any of its
representatives pursuant to this Agreement is for the confidential use of the
Company Group and the Company Group will not, and will not permit any third
party to, use it for any other purpose or disclose or otherwise refer to such
advice or information, or to Great Point, in any manner without the prior
written consent of Great Point. 

The Company acknowledges that
Great Point has been retained hereunder solely as an adviser to the Company
Group, and not as an adviser to or agent of any other person or entity, and that
the Company’s engagement of Great Point pursuant to this Agreement is not in any
other capacity including as a fiduciary. Neither this engagement, nor the
delivery of any services in connection with this engagement, is intended to
confer rights upon any persons or entities not a party hereto (including
security holders, employees or creditors of any member of the Company Group) as
against Great Point, its affiliates or their respective directors, managers,
officers, agents and employees. 

4.    
Reimbursement of Expenses; Independent Contractor. 

4.1    
All expenses (including, but not limited to, legal, accounting and other
advisors’ fees and expenses) incurred by Great Point in the performance of its
duties under this Agreement will be for the account of, on behalf of, and at the
expense of the Company; provided that such expenses are reasonable of the
Company. Great Point will not be obligated to make any advance to, or for the
account of, any member of the Company Group or to pay any sums, except out of
funds held in accounts maintained by the Company, nor will Great Point be
obligated to incur any liability or obligation for the account of any member of
the Company Group without assurance that the necessary funds for the discharge
of such liability or obligation will be provided. If Great Point incurs any such
reasonable expenses on behalf of any member of the Company Group or in
connection with the performance of its duties hereunder, the Company shall, upon
request by Great Point and proof of such expense, promptly reimburse Great Point
for all such amounts. 

4.2    
Great Point will be an independent contractor, and nothing contained in this
Agreement will be deemed or construed (a) to create a partnership or joint
venture between any member of the Company Group and Great Point, (b) to cause
Great Point to be responsible in any way for the debts, liabilities or
obligations of any member of the Company Group, or any other party or (c) to
constitute Great Point or any of its employees as employees, officers, or agents
of any member of the Company Group. On the basis of an independent contractor,
Great Point will file and be liable for its own tax reports including all
income, social security, capital gain and other taxes, whether federal, state,
municipal or other, due and owing on the consideration received by Great Point
under this Agreement and undertakes to pay all such taxes on time. Great Point
shall indemnify the Company Group, its subsidiaries and affiliates and their
respective officers, directors, shareholders and employees and hold them
harmless from and against any and all claims, losses, liabilities, damages,
judgments, fines, fees, costs or expenses, including without limitation
reasonable attorneys’ fees and disbursements incurred in connection with any
claim, action, suit proceeding or investigation (whether civil, criminal,
administrative or otherwise) arising out of or in connection with any such taxes
payable on the consideration received by Great Point in connection with the
services provided by Great Point to the Company Group. 

-2- 

5.    
Other Activities of Great Point; Investment Opportunities. The Company
acknowledges and agrees that neither Great Point nor any of its employees,
managers, officers, directors, affiliates or associates will devote their full
time and business efforts to the duties of Great Point specified in this
Agreement, but instead will devote only so much of such time and efforts as
Great Point deems reasonably necessary. The Company further acknowledges and
agrees that Great Point and its affiliates are engaged in the business of
investing in, acquiring and/or managing businesses for Great Point’s own
account, for the account of Great Point’s affiliates and associates and for the
account of other unaffiliated parties and that Great Point plans to continue to
be engaged in such businesses (and other business or investment activities)
during the term of this Agreement. No aspect or element of such activities will
be deemed to be engaged in for the benefit of any member of the Company Group
nor to constitute a conflict of interest. Great Point will be required to bring
only those investments and/or business opportunities to the attention of the
Company Group which Great Point, in its sole discretion, deems appropriate. The
Parties hereby expressly acknowledge that Great Point routinely makes
investments in the Company’s industry, and nothing herein shall prevent or
restrict Great Point from continuing to review and analyze potential investments
in the Company’s industry nor from making such investments. Notwithstanding the
foregoing, Great Point hereby agrees and acknowledges that it shall not use any
confidential information of the Company Group (the “Confidential
Information”) in any such other activities and shall at all times maintain
such Confidential Information received by Great Point in performing the services
contemplated hereunder in the strictest confidence, unless and to the extent
that (a) the Confidential Information becomes generally known to and available
for use by the public other than as a result of Great Point’s acts or omissions,
(b) the Confidential Information was known to Great Point prior to the date of
this Agreement as is evidenced by the written records of Great Point, (c) the
Confidential Information is learned by Great Point after the date of this
Agreement from a third party who is not under an obligation of confidence to the
Company Group as is evidenced by the written records of Great Point, or (d)
Great Point is ordered by a court of competent jurisdiction to disclose
Confidential Information, provided that in the case of this clause (d),
Great Point must (i) provide prompt written notice to the Company of any
relevant process or pleadings that could lead to such an order and (ii)
cooperate with the Company to contest, object to or limit such a request and, in
any case, when revealing, such Confidential Information to such court order.

6.    
Management Fee. 

(a)    
During the term of this Agreement, Great Point will receive a consulting and
management fee (“Base Compensation”) annually for each twelve (12) month
period following the date hereof. The annual Base Compensation will be the
greater of (i) $250,000 per twelve (12) month period or (ii) 5% of the EBITDA
(as defined below) for such twelve (12) month period (in each case, pro rated
for partial periods); provided, that in no event shall the Base
Compensation be greater than $500,000 per twelve (12) month period unless
otherwise determined by the Board. The Base Compensation will be paid to Great
Point by the Company in cash in arrears in quarterly installments (with the
first full calendar quarter beginning on July 1, 2018 and ending on September
30, 2018) in an amount equal to the greater of (A) $62,500 or (B) 5% of the
estimated EBITDA for the preceding three (3) month quarterly period. After the
end of each calendar year, the EBITDA shall be finally determined for the immediately preceding calendar year and Great Point shall
either (x) be entitled to an amount by which 5% of EBITDA for such calendar year
exceeds the quarterly payments made by the Company to Great Point or (y) provide
a credit to the Company in an amount by which the quarterly payments made by the
Company to Great Point exceed 5% of EBITDA for such calendar year (which will be
offset against future Base Compensation), provided, that for the
avoidance of doubt, Great Point shall be entitled to a minimum Base Compensation
of $250,000 per twelve (12) month period but in no event shall the Base
Compensation be greater than $500,000 per twelve (12) month period.
Notwithstanding anything herein to the contrary, the Base Compensation shall
accrue beginning on the date hereof but shall not be paid to Great Point until
the earlier of (A) the Company generates EBITDA of $2,000,000 or more for any
twelve (12) month period following the date hereof or (B) a Sale of the
Company/Change of Control. Upon either of the events described in (A) or (B) of
the preceding sentence, all accrued Base Compensation shall be paid to Great
Point in cash in a lump sum and after such event, the Base Compensation shall
continue to be paid to Great Point pursuant to the third sentence of this Section 6(a). Any fees owed to Great Point pursuant to this Agreement
shall not be deducted from any amounts or obligations owed by Great Point to the
Company pursuant to the terms of the Stock Purchase Agreement (as defined
below). Furthermore, any fees owed to Great Point shall be payable in United
States Dollars. In addition, Great Point shall be eligible for an annual
performance bonus payable at the discretion of the Board. 

-3- 

(b)    
For purposes of this Agreement, “EBITDA” shall have the meaning ascribed
to such term in that certain Stock Purchase Agreement dated as of June 28, 2018
by and among GPP-II Masthercell, LLC, a Delaware limited liability company, the
Company and Orgenesis Inc., a Nevada corporation (the “Stock Purchase
Agreement”). 

7.    
Term. This Agreement will commence as of the date hereof and will remain
in effect until the tenth (10th) anniversary of the date hereof,
unless terminated earlier pursuant to Section 8 below. 

8.    
Termination. Either the Company or Great Point may terminate Great
Point’s engagement under this Agreement in the event of the material breach of
any of the material terms or provisions of this Agreement by the other Party,
which breach is not cured within 30 business days after notice of the same is
given to the Party alleged to be in breach by the other Party. Upon (a) either
(i) the Company’s initial public offering, or (ii) the sale, transfer or other
disposition, directly or indirectly, of all or substantially all of the assets
of the Company Group taken as a whole, or all of the outstanding shares of the
Company, in each case to either (x) Orgenesis, Inc. or (y) an entity that is not
an affiliate of the Company or any of its stockholders, whether by way of a
sale, transfer or other disposition, merger or consolidation, reorganization,
recapitalization or restructuring, tender or exchange offer or otherwise, and
(b) the payment of all fees and other amounts accrued and unpaid to Great Point
as of such date pursuant to Section 6, then this Agreement shall
terminate and shall be of no further force and effect, except for Sections
10 through 12 and Sections 15 through 23 which shall
survive such termination. 

-4- 

9.    
Standard of Care. Great Point (including any person or entity acting for
or on behalf of Great Point) will not be liable for any mistakes of fact, errors
of judgment, losses sustained by any member of the Company Group or any acts or
omissions of any kind (including acts or omissions of Great Point), unless
caused by the intentional or willful misconduct of Great Point, as finally
determined by a court of competent jurisdiction. 

10.    
Indemnification of Great Point. The Company Group, jointly and severally,
will indemnify and hold harmless Great Point and its present and future
officers, directors, managers, members, affiliates, employees, controlling
persons, agents and representatives (“Indemnified Parties”) from
and against all losses, claims, liabilities, suits, costs, damages and expenses
(including attorneys’ fees) directly or indirectly resulting or arising from
third party claims against Great Point or any of the Indemnified Parties related
to Great Point’s performance of services hereunder, except to the extent that it
is determined in a final nonappealable judgment that such losses, claims,
liabilities, suits, costs, damages and expenses resulted directly from their
gross negligence or willful misconduct engaged in by them in bad faith. The
Company Group, jointly and severally, will reimburse the Indemnified Parties on
a monthly basis for any reasonable costs actually incurred by Great Point or any
of the Indemnified Parties in connection with defending any action or
investigation (including attorneys’ fees and expenses) subject to an undertaking
from any such Indemnified Party to repay the applicable member of the Company
Group if such Indemnified Party is determined not to be entitled to indemnity.
In the event that any Indemnified Party is entitled to indemnification from
Great Point (or any affiliate thereof) for losses, claims, liabilities, suits,
costs, damages or expenses for which such Indemnified Party is also entitled to
indemnification from the Company Group, the Company hereby agrees that the
duties of the Company Group to indemnify the Indemnified Parties, whether
pursuant to this Section 10 or otherwise, shall be primary to those of
Great Point (or any affiliate thereof), and to the extent Great Point (or any
such affiliate) actually indemnifies any Indemnified Party, Great Point (or any
such affiliate) shall be subrogated to the rights of such Indemnified Party
against the Company Group for indemnification hereunder. 

Promptly after receiving notice
of an action, suit, proceeding or claim against an Indemnified Party in respect
of which indemnification may be sought from the Company Group, Indemnified Party
will notify Company Group in writing of the particulars thereof to the extent
then known; provided, however, that any failure on the part of an
Indemnified Party to so notify the Company Group shall not limit any of the
obligations of the Company Group under this Agreement (except to the extent such
failure materially prejudices the defense of any applicable action, suit,
proceeding or claim). The Company Group may at its election and at its own
expense, assume the defense of any action, suit, proceeding or claim in respect
of which indemnity may be sought hereunder; provided, that (i) the
Company Group irrevocably notifies the Indemnified Party in writing within
fifteen (15) days after the Indemnified Party has given notice of such action,
suit, proceeding or claim that the Company Group will indemnify the Indemnified
Party from and against the entirety of any losses, liabilities, costs, damages
and expenses the Indemnified Party may suffer resulting from, arising out of, or
relating to, such action, suit, proceeding or claim, (ii) the Company Group
provides the Indemnified Party with evidence reasonably acceptable to the
Indemnified Party that the Company Group will have the financial resources to
defend against such action, suit, proceeding or claim and fulfill its
indemnification obligations hereunder, (iii) such action, suit, proceeding or
claim involves only money damages and does not seek an injunction or other
equitable relief, (iv) settlement of, or an adverse judgment with respect to, such action, suit, proceeding
or claim is not, in the good faith judgment of the Indemnified Party, likely to
establish a precedential custom or practice adverse to the continuing business
interests or the reputation of the Indemnified Party, (v) such action, suit,
proceeding or claim is not criminal in nature and could not reasonably be
expected to lead to criminal proceedings, and (vi) the Company Group conducts
the defense of such action, suit, proceeding or claim actively and diligently.
If the Company Group undertakes, conducts and controls the settlement or defense
of any action, suit, proceeding or claim, an Indemnified Party shall have the
right to participate in the settlement or defense of same at its own expense.
The Company Group will not be liable under this section if an Indemnified Party
elects to settle any claims or actions if the settlement is entered into without
the consent of Company Group, not to be unreasonably withheld. 

-5- 

11.    
Company Representations. The Company hereby represents and warrants to
Great Point that (a) the execution, delivery and performance of this Agreement
by the Company does not conflict with, breach, violate or cause a default under
any contract, agreement, instrument, order, judgment or decree to which the
Company is a party or by which it is bound and (b) upon the execution and
delivery of this Agreement by Great Point, this Agreement shall be the valid and
binding obligation of the Company, enforceable in accordance with its terms.

12.    
Great Point Representations. Great Point hereby represents and warrants
to the Company that: (a) the execution, delivery and performance of this
Agreement by Great Point does not conflict with, breach, violate or cause a
default under any contract, agreement, instrument, order, judgment or decree to
which Great Point is a party or by which it is bound; (b) upon the execution and
delivery of this Agreement by the Company, this Agreement shall be the valid and
binding obligation of Great Point, enforceable in accordance with its terms; and
(c) Great Point will not, when carrying out its duties hereunder, make any
representations or give any guarantees on behalf of the Company Group without
the prior written consent of the Company. 

13.    
Successors and Assigns. This Agreement is intended to bind and inure to
the benefit of and be enforceable by Great Point, the Company and their
respective successors and assigns, except that (a) without the prior written
consent of Great Point, the Company will not assign, transfer or convey any of
its rights, duties or interest under this Agreement, nor will it delegate any of
the obligations or duties required to be kept or performed by it hereunder, and
(b) Great Point may not assign its rights and obligations under this Agreement
to any of its affiliates without the consent of the Company. 

14.    
Severability. Whenever possible, each term and provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any term or 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 will
not affect any other term or provision in this Agreement, or the validity of
such term or provision in any other jurisdiction, and this Agreement will be
reformed, construed and enforced in such jurisdiction so as to best give effect
to the intent of the Parties under this Agreement. 

15.    
Notices. All notices, requests, demands, claims, and other communications
hereunder will be in writing. Any notice, request, demand, claim, or other
communication hereunder shall be deemed duly given (a) when delivered
personally to the recipient, (b) one business day after being sent to the
recipient by reputable overnight courier service (charges prepaid), electronic
mail or facsimile transmission or (c) four business days after being mailed to
the recipient by certified or registered mail, return receipt requested and
postage prepaid, and addressed to the intended recipient as set forth below:

-6- 

	 	If to the Company: 
	 	 	 
	 	 	Masthercell Global Inc. 
	 	 	c/o Pearl Cohen Zedek Latzer Baratz LLP 
	 	 	1500 Broadway 
	 	 	New York, NY 10036 
	 	 	Attention: Mark Cohen, Esq. 
	 	 	Facsimile: 646-878-0801 
	 	 	Email: vered.c@orgenesis.com 
	 	 	 
	 	With a copy to: 
	 	 	 
	 	 	Pearl Cohen Zedek Latzer Baratz LLP 
	 	 	1500 Broadway 
	 	 	New York, NY 10036 
	 	 	Attention: Mark Cohen 
	 	 	Email: MCohen@pearlcohen.com 
	 	 	 
	 	If to Great Point: 
	 	 	 
	 	 	Great Point Partners, LLC 
	 	 	165 Mason Street, 3rd Floor 
	 	 	Greenwich, CT 06830 
	 	 	Attention: Noah Rhodes 
	 	 	Facsimile: (203) 971-3320 
	 	 	Email: nrhodes@greatpointpartnersllc.com 
	 	 	 
	 	With a copy to: 
	 	 	 
	 	 	McDermott Will & Emery LLP 
	 	 	444 West Lake Street 
	 	 	Chicago, IL 60606 
	 	 	Attention: Brooks Gruemmer 
	 	 	Facsimile: 312-984-7700 
	 	 	Email: bgruemmer@mwe.com 

Any Party may change the address to which notices, requests,
demands, claims, and other communications hereunder are to be delivered by
giving the other Parties notice in the manner herein set forth. 

-7- 

16.    
Action Necessary to Effectuate the Agreement. The Parties agree to take
or cause to be taken all such corporate and other action as may be reasonably
necessary to effect the intent and purposes of this Agreement. 

17.     No
Waiver. No course of dealing and no delay or failure on the part of any
Party in exercising any right, power or remedy conferred by this Agreement shall
operate or be construed as waiver thereof or otherwise affect the right of such
Party thereafter to enforce each and every provision of this Agreement in
accordance with its terms. No single or partial exercise of any rights, powers
or remedies conferred by this Agreement shall preclude any other or further
exercise thereof or the exercise of any other right, power or remedy. Except to
the extent that the Company’s rights of termination are limited herein, all
rights and remedies that the Company or Great Point may have at law, in equity
or otherwise upon breach of any term or condition of this Agreement, will be
distinct, separate and cumulative rights and remedies and no one of them,
whether exercised or not, will be deemed to be in exclusion of any other right
or remedy of the Company or Great Point. 

18.    
Counterparts. This Agreement may be executed in one or more counterparts
(including by means of facsimile and portable document format (PDF)), each of
which shall be deemed an original but all of which together will constitute one
and the same agreement. 

19.     No
Strict Construction. The Parties jointly participated in the negotiation and
drafting of this Agreement. The language used in this Agreement will be deemed
to be the language chosen by the Parties to express their collective mutual
intent, this Agreement will be construed as if drafted jointly by the Parties,
and no rule of strict construction will be applied against any person or entity.

20.    
Mutual Waiver of Jury Trial. EACH PARTY WAIVES THEIR RESPECTIVE RIGHT TO
A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OR
RELATED TO THIS AGREEMENT IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY
TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR ANY AFFILIATE OF
ANY OTHER SUCH PARTY, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS OR
OTHERWISE. EACH PARTY AGREES THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE
TRIED BY A COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE
PARTIES FURTHER AGREE THAT THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY IS WAIVED
BY OPERATION OF THIS SECTION 20 AS TO ANY ACTION, COUNTERCLAIM OR OTHER
PROCEEDING WHICH SEEKS, IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR
ENFORCEABILITY OF THIS AGREEMENT OR ANY PROVISION HEREOF. THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THIS AGREEMENT. 

21.    
Choice of Law. This Agreement will be governed and construed in
accordance with the internal laws of the State of Delaware without giving effect
to any choice of law or conflict of law provision or rule that would cause the
application of the laws of any jurisdiction other than the State of Delaware.

-8- 

22.    
Entire Agreement; Amendment; Certain Terms. This Agreement contains the
entire agreement among the Parties with respect to the matters herein contained
and supersedes and preempts any prior understandings, agreements or
representations by or among the Parties, written or oral, which may have related
to the subject matter hereof in any way. The provisions of this Agreement may be
amended only with the prior written consent of the Company and Great Point. The
terms affiliate and associate will have the meaning attributed to those terms by
the rules and regulations of the Securities and Exchange Commission. 

23.    
Jurisdiction; Service of Process. The Parties agree that any suit, action
or proceeding arising out of, or with respect to, this Agreement or any judgment
entered by any court in respect thereof shall be brought exclusively in the
Delaware Chancery Court or in the U.S. District Court for the District of
Delaware (the “Designated Courts”), and hereby irrevocably accept the exclusive
personal jurisdiction of those courts for the purposes of any suit, action or
proceeding. In addition, each Party hereby irrevocably waives, to the fullest
extent permitted by law, any objection which such Party may now or hereafter
have to the laying of venue of any suit, action or proceeding arising out of or
relating to this Agreement or any judgment entered by any court in respect
thereof in the Designated Courts, and hereby further irrevocably waives any
claim that any suit, action or proceeding brought in any such court has been
brought in an inconvenient forum. Process in any proceeding referred to in the
first sentence of this Section 23 may be served on any Party anywhere in
the world. 

* * * * *

-9- 

IN WITNESS WHEREOF, each of the
Parties has executed or caused this Management Services Agreement to be executed
on its behalf by a duly authorized officer all as of the date first written
above. 

	 	GREAT POINT:
  
	 	 
	 	GREAT POINT PARTNERS, LLC
  
	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 
	 	  	 
	 	COMPANY: 
	 	 
	 	MASTHERCELL GLOBAL INC. 
	 	  	 
	 	By: 	 
	 	Name: 	 
	 	Title:

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