Document:

EX-10.15

 Exhibit 10.15 

Execution Copy 

VOTING AND LOCK UP AGREEMENT 

THIS VOTING AND LOCK UP AGREEMENT (this “Agreement”) dated November 21, 2016, is executed by and among Independent
Bank Group, Inc., a Texas corporation and registered bank holding company with its principal offices in McKinney, Texas (“IBG”), and Carlile Bancshares, Inc., a Texas corporation with its principal offices in Fort Worth,
Texas (“CBI”), and
                                        , a
shareholder of CBI (the “Shareholder”). 
 RECITALS: 

WHEREAS, CBI and IBG are parties to that certain Agreement and Plan of Reorganization, dated as of November 21, 2016 (the
“Reorganization Agreement”), which provides for the acquisition of CBI by IBG through the merger of CBI with and into IBG (the “Merger”). Terms with their initial letter capitalized and not otherwise defined herein
shall have the meanings given them in the Reorganization Agreement; 
 WHEREAS, the Reorganization Agreement requires that CBI deliver this
Agreement to IBG; 
 WHEREAS, CBI and IBG are relying on this Agreement in incurring expenses in reviewing the business of CBI and IBG, in
preparing the Registration Statement and related Proxy Statement for the meetings of shareholders of CBI and IBG, in proceeding with the filing of applications for regulatory approvals, and in undertaking other actions necessary for the consummation
of the Merger; and 
 WHEREAS, IBG is relying upon this Agreement in issuing IBG Shares to the Shareholder pursuant to the Merger. 

AGREEMENT: 
 NOW,
THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, CBI, IBG and the Shareholder undertake, promise, covenant and agree with each other as
follows: 
 1.    Owned Shares. As of the date hereof, the Shareholder owns the shares of voting and non-voting common stock of CBI (“CBI Stock”), set forth on the signature page hereto (all such shares of CBI Stock and any shares of CBI Stock hereafter acquired by the Shareholder are collectively
referred to as the “Shares”). 
 2.    Voting. The Shareholder represents that he or it has the
full legal capacity and authority to execute, deliver and perform this Agreement, including the exclusive right to vote the Shares. Except as set forth below, the Shareholder hereby agrees to vote at the shareholders’ meeting of CBI called to
consider and act upon the Merger (the “Meeting”) the Shares in favor of approval of the Reorganization Agreement, the Merger, and all of the agreements and transactions contemplated by the Reorganization Agreement. 

  
 1 

 2.1    If CBI conducts a meeting of, solicits written consents from or
otherwise seeks a vote of its shareholders with respect to any Acquisition Proposal or any other matter which may contradict any provision of this Agreement or may prevent IBG or CBI from consummating the Merger, then the Shareholder shall vote the
Shares in the manner most favorable to consummation of the Merger and the transactions contemplated by the Reorganization Agreement. Notwithstanding the foregoing sentence and Section 2, the Shareholder may vote in favor of a Superior Proposal
(and, in the event of a Superior Proposal, not vote in favor of approval of the Reorganization Agreement). 
 2.2    The
undersigned makes no agreement or understanding in this Agreement in the undersigned’s capacity as a director of CBI or any of its subsidiaries, and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by the
undersigned in the undersigned’s capacity as such a director, including exercising rights under the Reorganization Agreement, and no such actions or omissions shall be deemed a breach of this Agreement; or (b) will be construed to
prohibit, limit or restrict the undersigned from exercising the undersigned’s fiduciary duties as such a director to CBI and its shareholders. 

3.    Transfer Restrictions. Prior to the Effective Time, the Shareholder hereby covenants and agrees that the
Shareholder will not, and will not agree to, directly or indirectly, without the prior written consent of IBG, (i) sell, assign, transfer or otherwise dispose of any of the Shares, (ii) hypothecate the Shares under terms that would prevent
the voting thereof, (iii) deposit the Shares into a voting trust or enter into a voting agreement or arrangement with respect to the Shares or grant any proxy with respect thereto, or (iv) take any action which would prevent the
Shareholder from performing his or its obligations under this Agreement. Notwithstanding any of the foregoing, the Shareholder may (x) make bona fide gifts of the Shares, (y) transfer the Shares in connection with estate and charitable
planning purposes, including transfers to a trust, charitable organization or other bona fide estate planning vehicle or (z) transfer the Shares to any Affiliates of, or any trusts or other entities controlled by, the Shareholder; provided that
any such transfer shall not involve a disposition for value. Prior to any transfer permitted by the previous sentence of this Section 3, the proposed transferee of Shares shall execute and deliver to IBG a counterpart of this Agreement whereby
such transferee becomes bound by the terms of this Agreement. 
 4.    Lock Up. The Shareholder agrees to the
following restrictions on transfer with respect to 94% of the number of IBG Shares received pursuant to the Merger (the “Merger Shares”). For avoidance of doubt, the transfer restrictions set forth in this Section 4 shall not
apply to 6% of the number of IBG Shares received pursuant to the Merger. 
 4.1    During the period from the Effective
Time until the first anniversary of the Effective Time (the “Lock Up Period”), the Shareholder covenants and agrees that the Shareholder will not, without the prior written consent of IBG, sell, assign, transfer, or otherwise
dispose of the Merger Shares. The Shareholder further agrees that IBG is authorized to (i) place a restrictive legend on certificates representing the Merger Shares concerning the restriction set forth in this Section 4.1, and
(ii) place “stop orders” on its books and with its transfer agent to prevent the transfer of Merger Shares held by the Shareholder in violation of this Agreement. Upon the expiration of the Lock Up Period, IBG shall, without any
action on the part of the Shareholder, issue new certificates without the restrictive legend provided for in this Section 4.1 

  
 2 

 
with respect to all certificated Merger Shares and revoke all “stop orders” from its books and with its transfer agent with respect to the Merger Shares. Notwithstanding the restriction
set forth in this Section 4.1, if the Shareholder desires to sell a material number of Merger Shares during the Lock Up Period, IBG will introduce the Shareholder to IBG’s investment bankers and IBG, in cooperation with its investments
bankers, will use its commercially reasonable best efforts to attempt to facilitate a way for the Shareholder to sell all or a portion of the Merger Shares with the intent to not negatively impact the market price of the IBG Shares. 

4.2    After the expiration of the Lock Up Period, the Shareholder may sell all or a portion of the Merger Shares without
restriction by this Agreement, and at the request of the Shareholder, IBG will introduce the Shareholder to IBG’s investment bankers and IBG, in cooperation with its investments bankers, will use its commercially reasonable best efforts to
attempt to facilitate a way for the Shareholder to sell all or a portion of the Merger Shares with the intent to not negatively impact the market price of the IBG Shares. 

4.3    Notwithstanding the restrictions set forth in Sections 4.1, during the Lock Up Period, the Shareholder may
(i) make bona fide gifts of the Merger Shares, (ii) transfer the Merger Shares in connection with estate and charitable planning purposes, including transfers to a trust, charitable organization or other bona fide estate planning vehicle,
or (iii) transfer the Merger Shares to any Affiliates of, or any trusts or other entities controlled by, the Shareholder; provided that any such transfer shall not involve a disposition for value, and further provided that if such trust or
entity ceases to be controlled by the Shareholder during the Lock Up Period, such trust or entity shall immediately transfer its Merger Shares to the Shareholder, a trust or entity controlled by the Shareholder or an Affiliate of the Shareholder.
Prior to any transfer permitted by this Section 4.3, the proposed transferee of any Merger Shares shall execute and deliver to IBG a counterpart of this Agreement whereby such transferee becomes bound by the terms of this Agreement. 

5.    Miscellaneous. 

5.1    This Agreement may not be modified, amended, altered or supplemented except upon the execution and delivery of a
written agreement executed by CBI, IBG and the Shareholder. 
 5.2    This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. An electronic or facsimile transmission of a signed counterpart of this Agreement shall be sufficient to bind the party or parties
whose signature(s) appear thereon. 
 5.3    This Agreement, together with the Reorganization Agreement and the
agreements contemplated thereby, embody the entire agreement and understanding of the parties hereto in respect to the subject matter contained herein. This Agreement supersedes all prior agreements and understandings among the parties with respect
to such subject matter contained herein. 
 5.4    All notices, requests, demands and other communications required or
permitted hereby shall be in writing and shall be deemed to have been duly given if delivered by 

  
 3 

 
hand or mail, certified or registered mail (return receipt requested) with postage prepaid to the addresses of the parties hereto set forth on below their signature on the signature pages hereof
or to such other address as any party may have furnished to the others in writing in accordance herewith. 
 5.5    In
the event that the Shareholder transfers a certificate representing any of the Shares prior to the Effective Time, CBI shall require such certificate to bear the following endorsement, noted conspicuously thereon: 

“The shares of stock represented by this certificate are subject to the terms of a Voting and Lock Up Agreement dated November 21,
2016, a copy of which is on file in the principal office of CBI.” 
 6.    GOVERNING LAW; JURISDICTION;
VENUE. THIS AGREEMENT AND THE RELATIONS AMONG THE PARTIES HERETO ARISING FROM THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS. THE SHAREHOLDER HEREBY IRREVOCABLY SUBMITS TO THE EXCLUSIVE
JURISDICTION OF THE FEDERAL AND TEXAS STATE COURTS FOR COLLIN COUNTY, TEXAS IN CONNECTION WITH ANY SUIT, ACTION OR PROCEEDING RELATED TO THIS AGREEMENT OR ANY OF THE MATTERS CONTEMPLATED HEREBY, IRREVOCABLY WAIVES ANY DEFENSE OR LACK OF PERSONAL
JURISDICTION AND IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUIT, ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT. THE SHAREHOLDER AGREES THAT EXCLUSIVE VENUE FOR ANY DISPUTE ARISING FROM THIS AGREEMENT SHALL BE THE
FEDERAL AND TEXAS STATE COURTS FOR COLLIN COUNTY, TEXAS AND IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUCH SUIT, ACTION OR
PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

7.    Termination. This Agreement shall terminate upon the earliest of (a) the mutual agreement of the parties
hereto, (b) the termination of the Reorganization Agreement in accordance with its terms, and (c) any reduction in the merger consideration under the Reorganization Agreement (other than as currently contemplated by the Reorganization
Agreement), change in the type of merger consideration under the Reorganization Agreement, or other amendment, modification, waiver or change to the Reorganization Agreement that is material and adverse to the Shareholder. 

[Signature Page to Follow] 

  
 4 

 [Signature Page to Voting and Lock Up Agreement] 

IN WITNESS WHEREOF, the parties have executed this Voting and Lock Up Agreement as of the date above written. 

 

			
	CARLILE BANCSHARES, INC.
		
	By:	 	/s/ Tom C. Nichols    
		 	Tom C. Nichols
		 	Chairman of the Board and CEO

  
  

			
	INDEPENDENT BANK GROUP, INC.
		
	By:	 	/s/ David R. Brooks    
		 	David R. Brooks
		 	Chairman of the Board and CEO

  
  
  

 

			
	SHAREHOLDER
		
	By:	 	 
	Name:	 	 
	Title:	 	 
		 	
	
	 Voting Shares:

	 Non-Voting Shares:

	 Total Shares:

  
 5Exhibit
10.1

 

MYOS
RENS TECHNOLOGy inc.

 

$6,000,000

 

cOMMON
STOCK

 

SALES
AGREEMENT

 

February
21, 2017

 

H.C.
Wainwright & Co. LLC

430
Park Avenue

New
York, NY 10022

 

Ladies
and Gentlemen:

 

MYOS
RENS Technology Inc. (the “Company”), confirms its agreement (this “Agreement”)
with H.C. Wainwright & Co. LLC (“HCW”), as follows:

 

1.       Issuance
and Sale of Placement Shares. The Company agrees that, from time to time during the term of this Agreement, on the terms and
subject to the conditions set forth herein, and in its sole discretion, it may issue and sell through HCW, shares (the “Placement
Shares”) of the Company’s common stock, $0.001 par value per share (the “Common Stock”);
provided however, that in no event shall the Company issue or sell through HCW such number of Placement Shares that (a)
exceeds the number of shares or dollar amount of Common Stock registered on the effective Registration Statement (as defined below)
pursuant to which the offering is being made, (b) exceeds the number of shares or dollar amount registered on the Prospectus Supplement
(as defined below), or (c) would cause the Company to exceed the share amount limitations set forth in General Instruction I.B.6
of Form S-3 (the lesser of (a), (b) or (c), the “Maximum Amount”). Notwithstanding anything to the contrary
contained herein, the parties hereto agree that compliance with the limitations set forth in this Section 1 on the number
of Placement Shares issued and sold under this Agreement shall be the sole responsibility of the Company and that HCW shall have
no obligation in connection with such compliance. The issuance and sale of Placement Shares through HCW will be effected pursuant
to the Registration Statement (as defined below), although nothing in this Agreement shall be construed as requiring the Company
to use the Registration Statement to issue any Placement Shares.

 

The
Company has filed, in accordance with the provisions of the Securities Act of 1933, as amended, and the rules and regulations
thereunder, also as amended (the “Securities Act”), with the Securities and Exchange Commission (the
“Commission”), a registration statement on Form S-3 (File No. 333-199392), including a base prospectus
(the “Base Prospectus”), relating to certain securities, including the Placement Shares to be issued
from time to time by the Company, and which incorporates by reference documents that the Company has filed or will file in accordance
with the provisions of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, also as amended
(the “Exchange Act”). The Company has prepared a prospectus supplement to the Base Prospectus included
as part of such registration statement specifically relating to the Placement Shares (the “Prospectus Supplement”).
The Company will furnish to HCW, for use by HCW, copies of the Base Prospectus included as part of such registration statement,
as supplemented by the Prospectus Supplement, relating to the Placement Shares. Except where the context otherwise requires, such
registration statement, including all documents filed as part thereof or incorporated by reference therein, and including any
information contained in a Prospectus (as defined below) subsequently filed with the Commission pursuant to Rule 424(b) under
the Securities Act or deemed to be a part of such registration statement pursuant to Rule 430B of the Securities Act, is
herein called the “Registration Statement.” The Base Prospectus, including all documents incorporated
or deemed incorporated therein by reference to the extent such information has not been superseded or modified in accordance with
Rule 412 under the Securities Act (as qualified by Rule 430B(g) of the Securities Act), included in the Registration Statement,
as it may be supplemented by the Prospectus Supplement, in the form in which such Base Prospectus and/or Prospectus Supplement
have most recently been filed by the Company with the Commission pursuant to Rule 424(b) under the Securities Act, is herein called
the “Prospectus.” Any reference herein to the Registration Statement, the Prospectus or any amendment
or supplement thereto shall be deemed to refer to and include any documents deemed incorporated by reference therein (pursuant
to the Securities Act or the Exchange Act) (the “Incorporated Documents”), and any reference herein
to the terms “amend,” “amendment” or “supplement” with respect to the Registration Statement
or the Prospectus shall be deemed to refer to and include the filing after the execution hereof of any Incorporated Document.

 

     

     

    

 

For
purposes of this Agreement, all references to the Registration Statement, to the Prospectus, to the Incorporated Documents or
to any amendment or supplement thereto shall be deemed to include the most recent copy filed with the Commission pursuant to its
Electronic Data Gathering Analysis and Retrieval System, or if applicable, the Interactive Data Electronic Application system
when used by the Commission (collectively, “EDGAR”).

 

2.       Placements.
Each time that the Company wishes to issue and sell Placement Shares hereunder (each, a “Placement”),
it will notify HCW by email notice from a person identified on Schedule 2 (or other method mutually agreed to in writing by the
parties) (a “Placement Notice”) containing the parameters in accordance with which it desires the Placement
Shares to be sold, which shall at a minimum include the number of Placement Shares to be issued, the time period during which
sales are requested to be made, any limitation on the number of Placement Shares that may be sold in any one Trading Day (as defined
in Section 3) and any minimum price below which sales may not be made, a form of which containing such minimum sales parameters
necessary is attached hereto as Schedule 1. The Placement Notice shall originate from any of the individuals from
the Company set forth on Schedule 2 (with a copy to each of the other individuals from the Company listed on such
schedule), and shall be addressed to each of the individuals from HCW set forth on Schedule 2, as such Schedule
2 may be amended from time to time. The receipt of each Placement Notice shall promptly be acknowledged by HCW by providing
email notice to the Company to a person designated on Schedule 2. The Placement Notice shall be effective upon receipt by HCW
unless and until (i) in accordance with the notice requirements set forth in Section 4, HCW declines to accept the terms contained
therein for any reason, in its sole discretion, (ii) the entire amount of the Placement Shares have been sold thereunder, (iii)
in accordance with the notice requirements set forth in Section 4, the Company suspends or terminates the Placement Notice, (iv)
the Company issues a subsequent Placement Notice with parameters superseding those on the earlier dated Placement Notice, or (v)
this Agreement has been terminated under the provisions of Section 11. The amount of any discount, commission or
other compensation to be paid by the Company to HCW in connection with the sale of the Placement Shares shall be calculated in
accordance with the terms set forth in Schedule 3. It is expressly acknowledged and agreed that neither the Company
nor HCW will have any obligation whatsoever with respect to a Placement or any Placement Shares unless and until the Company delivers
a Placement Notice to HCW and HCW does not decline such Placement Notice pursuant to the terms set forth above, and then only
upon the terms specified therein and herein. In the event of a conflict between the terms of this Agreement and the terms of a
Placement Notice, the terms of the Placement Notice will control.

 

    	 	- 2 -	 

     

    

 

3.       Sale
of Placement Shares by HCW.

 

(a)
Subject to the terms and conditions herein set forth, upon the Company’s delivery of a Placement Notice, and unless the
sale of the Placement Shares described therein has been declined, suspended, or otherwise terminated in accordance with the
terms of this Agreement, HCW, for the period specified in the Placement Notice, will use its commercially reasonable efforts
consistent with its normal trading and sales practices and applicable state and federal laws, rules and regulations and the
rules of NASDAQ Capital Market (“Exchange”) to sell such Placement Shares up to the amount
specified, and otherwise in accordance with the terms of such Placement Notice. HCW will provide written confirmation to the
Company (including by email correspondence to each of the individuals of the Company set forth on Schedule 2,
if receipt of such correspondence is actually acknowledged by any of the individuals to whom the notice is sent, other than
via auto-reply) no later than the opening of the Trading Day (as defined below) immediately following the Trading Day on
which it has made sales of Placement Shares hereunder setting forth the number of Placement Shares sold on such day, the
compensation payable by the Company to HCW pursuant to Section 2 with respect to such sales and the Net Proceeds (as defined
below) payable to the Company. HCW may sell Placement Shares by any method permitted by law deemed to be an “at the
market” offering as defined in Rule 415 of the Securities Act, including without limitation sales made through
Exchange, on any other existing trading market for the Common Stock or to or through a market maker. If expressly authorized
by the Company in a Placement Notice, HCW may also sell Placement Shares in negotiated transactions. Notwithstanding the
provisions of Section 6(kk), HCW shall not purchase Placement Shares for its own account as principal unless expressly
authorized to do so by the Company in a Placement Notice. The Company acknowledges and agrees that (i) there can be no
assurance that HCW will be successful in selling Placement Shares, and (ii) HCW will incur no liability or obligation to the
Company or any other person or entity if it does not sell Placement Shares for any reason other than a failure by HCW to use
its commercially reasonable efforts consistent with its normal trading and sales practices to sell such Placement Shares as
required under this Section 3. For the purposes hereof, “Trading Day” means any day on which
the Company’s Common Stock is purchased and sold on the principal market on which the Common Stock is listed
or quoted.

 

    	 	- 3 -	 

     

    

 

(b) Limitations
on Offering Size. Under no circumstances shall the Company request the offer or sale of any Placement Shares if, after
giving effect to the sale of such Placement Shares, the aggregate number of Placement Shares sold pursuant to this Agreement
would exceed the lesser of (A) together with all sales of Placement Shares under this Agreement, the Maximum Amount, and (B)
the amount authorized from time to time to be issued and sold under this Agreement by the Company’s board of directors,
a duly authorized committee thereof or a duly authorized executive committee, and notified to HCW in writing. Under no
circumstances shall the Company request the offer or sale of any Placement Shares pursuant to this Agreement at a price lower
than the minimum price authorized from time to time by the Company’s board of directors, a duly authorized committee
thereof or a duly authorized executive committee, and notified to HCW in writing. Further, under no circumstances shall the
Company request the sale of Placement Shares pursuant to this Agreement in an aggregate offering amount that would exceed the
Maximum Amount.

 

4.       Suspension
of Sales.

 

(a)
The Company or HCW may, upon notice to the other party in writing (including by email correspondence to each of the
individuals of the other party set forth on Schedule 2, if receipt of such correspondence is actually
acknowledged by any of the individuals to whom the notice is sent, other than via auto-reply) or by telephone (confirmed
immediately by verifiable facsimile transmission or email correspondence to each of the individuals of the other party set
forth on Schedule 2), suspend any sale of Placement Shares; provided, however, that such suspension
shall not affect or impair either party’s obligations with respect to any Placement Shares sold hereunder prior to the
receipt of such notice. Each of the parties agrees that no such notice under this Section 4 shall be effective against
the other unless it is made to one of the individuals named on Schedule 2 hereto, as such schedule may be
amended from time to time and in accordance with the notice delivery requirements of this Section 4. While a suspension is in
effect, any obligation under Sections 7(m), 7(n), and 7(o) with respect to the delivery of certificates, opinions, or comfort
letters to HCW shall be deemed waived.

 

(b)
Notwithstanding any other provision of this Agreement, during any period in which the Company is in possession of material
non-public information, the Company and HCW agree that (i) no sale of Placement Shares will take place, (ii) the Company
shall not request the sale of any Placement Shares, and (iii) HCW shall not be obligated to sell or offer to sell any
Placement Shares.

 

5.       Settlement.

 

(a) Settlement
of Placement Shares. Unless otherwise specified in the applicable Placement Notice, settlement for sales of Placement
Shares will occur on the third (3rd) Trading Day (or such earlier day as is industry practice for regular-way
trading) following the date on which such sales are made (each, a “Settlement Date” and the first
such settlement date, the “First Delivery Date”). The amount of proceeds to be delivered to the
Company on a Settlement Date against receipt of the Placement Shares sold (the “Net Proceeds”) will
be equal to the aggregate sales price received by HCW at which such Placement Shares were sold, after deduction for
(i) HCW’s commission, discount or other compensation for such sales set forth on Schedule 3, (ii)
any other amounts due and payable by the Company to HCW hereunder pursuant to Section 7(g) (Expenses) hereof, and
(iii) any transaction fees imposed by any governmental or self-regulatory organization in respect of such sales.

 

    	 	- 4 -	 

     

    

 

(b) Delivery
of Placement Shares. On or before each Settlement Date, the Company will, or will cause its transfer agent to,
electronically transfer the Placement Shares being sold by crediting HCW’s or its designee’s account (provided
HCW shall have given the Company written notice of such designee at least one Trading Day prior to the Settlement Date) at
The Depository Trust Company through its Deposit and Withdrawal at Custodian System (“DWAC”) or by
such other means of delivery as may be mutually agreed upon by the parties hereto which in all cases shall be freely
tradable, transferable, registered shares in good deliverable form. On each Settlement Date, HCW will deliver the related Net
Proceeds in same day funds to an account designated by the Company on, or prior to, the Settlement Date. The Company agrees
that if the Company, or its transfer agent (if applicable), defaults in its obligation to deliver duly authorized Placement
Shares on a Settlement Date through no fault of HCW, in addition to and in no way limiting the rights and obligations set
forth in Section 9(a) (Indemnification and Contribution) hereto, it will (i) hold HCW harmless against any loss,
claim, damage, or reasonable, documented expense (including reasonable and documented legal fees and expenses), as incurred,
arising out of or in connection with such default by the Company, and (ii) pay to HCW any commission, discount, or other
compensation to which it would otherwise have been entitled absent such default.

 

6.       Representations
and Warranties of the Company. The Company represents and warrants to, and agrees with, HCW that, as of the effective date
of the Registration Statement, each Representation Date (as defined in Section 7(m)), each date on which a Placement Notice is
given, and any date on which Placement Shares are sold hereunder:

 

(a) Compliance
with Registration Requirements. The Registration Statement has been declared effective by the Commission under the
Securities Act. The Company has complied with all requests of the Commission for additional or supplemental information
related to the Registration Statement or the Prospectus. No stop order suspending the effectiveness of the Registration
Statement or any Rule 462(b) Registration Statement is in effect and no proceedings for such purpose have been
instituted or are pending or, to the best knowledge of the Company, threatened by the Commission.

 

(b) No
Misstatement or Omission. The Prospectus when filed complied and, as amended or supplemented, if applicable, will comply
in all material respects with the Securities Act. Each of the Registration Statement, any Rule 462(b)
Registration Statement, the Prospectus and any post-effective amendments or supplements thereto, at the time it became
effective or its date, as applicable, and as of each of the Settlement Dates, if any, complied in all material respects with
the Securities Act and did not and, as of each Settlement Date, if any, did not and will not contain any untrue statement of
a material fact or omit to state a material fact required to be stated therein, or with respect to the Prospectus, necessary
to make the statements therein in the light of the circumstances under which they were made, not misleading. The Prospectus,
as amended or supplemented, as of its date, and as of each of the Settlement Dates, if any, will not contain any untrue
statement of a material fact or omit to state a material fact necessary in order to make the statements therein, in the light
of the circumstances under which they were made, not misleading. The representations and warranties set forth in the two
immediately preceding sentences do not apply to statements in or omissions from the Registration Statement, any
Rule 462(b) Registration Statement, or any post-effective amendment thereto, or the Prospectus, or any amendments or
supplements thereto, made in reliance upon and in conformity with information relating to HCW furnished to the Company in
writing by HCW expressly for use therein. There are no contracts or other documents required to be described in the
Prospectus or to be filed as exhibits to the Registration Statement which have not been described or filed as
required.

 

    	 	- 5 -	 

     

    

 

(c) Not
an Ineligible Issuer. The Company currently is not an “ineligible issuer,” as defined in Rule 405 of the rules
and regulation of the Commission. The Company agrees to notify HCW promptly upon the Company becoming an “ineligible issuer.”

 

(d) Distribution
of Offering Material By the Company. The Company has not distributed and will not distribute, prior to the completion of HCW’s
distribution of the Placement Shares, any offering material in connection with the offering and sale of the Placement Shares other
than the Prospectus or the Registration Statement.

 

(e) The
Sales Agreement. This Agreement has been duly authorized, executed and delivered by, and is a valid and binding agreement
of, the Company, enforceable in accordance with its terms, except as rights to indemnification and contribution hereunder may
be limited by applicable law and public policy considerations and except as the enforcement hereof may be limited by bankruptcy,
insolvency, reorganization, moratorium or other similar laws relating to or affecting the rights and remedies of creditors or
by general equitable principles.

 

(f) S-3
Eligibility. (i) At the time of filing the Registration Statement and (ii) at the time of the most recent amendment thereto
for the purposes of complying with Section 10(a)(3) of the Securities Act (whether such amendment was by post-effective amendment,
incorporated report filed pursuant to Section 13 or 15(d) of the Exchange Act or form of prospectus), the Company met the then
applicable requirements for use of Form S-3 under the Securities Act, including compliance with General Instruction I.B.6 of Form
S-3. As of the close of trading on the Exchange on the Trading Day immediately prior to the date of this Agreement,
the aggregate market value of the outstanding voting and non-voting common equity (as defined in Rule 405) of the Company
held by persons other than affiliates of the Company (pursuant to Rule 144 of the Securities Act, those that directly, or indirectly
through one or more intermediaries, control, or are controlled by, or are under common control with, the Company)  (the “Non-Affiliate
Shares”), was approximately $13.0 million (calculated by multiplying (x) the price at which the common equity of
the Company was last sold on the Exchange on the Trading Day immediately prior to the date of this Agreement times (y) the number
of Non-Affiliate Shares). The Company is not a shell company (as defined in Rule 405) and has not been a shell company for at
least 12 calendar months previously and if it has been a shell company at any time previously, has filed current Form 10 information
(as defined in Instruction I.B.6 of Form S-3) with the Commission at least 12 calendar months previously reflecting its status
as an entity that is not a shell company.

 

    	 	- 6 -	 

     

    

 

(g) Authorization
of the Placement Shares. The Placement Shares, when issued and delivered, will be duly authorized for issuance and sale pursuant
to this Agreement and, when issued and delivered by the Company against payment therefor pursuant to this Agreement, will be validly
issued, fully paid and nonassessable.

 

(h) No
Applicable Registration or Other Similar Rights. Except as otherwise disclosed in the Prospectus, there are no persons with
registration or other similar rights to have any equity or debt securities registered for sale under the Registration Statement
or included in the offering contemplated by this Agreement, except for such rights as have been duly waived.

 

(i) No
Material Adverse Change. Except as otherwise disclosed in the Prospectus, subsequent to the respective dates as of which information
is given in the Prospectus: (i) there has been no material adverse change, or any development that could reasonably be expected
to result in a material adverse change, in the condition, financial or otherwise, or in the earnings, business, operations or
prospects, whether or not arising from transactions in the ordinary course of business, of the Company and its subsidiaries, considered
as one entity (any such change is called a “Material Adverse Change”); (ii) the Company and its
subsidiaries, considered as one entity, have not incurred any material liability or obligation, indirect, direct or contingent,
not in the ordinary course of business nor entered into any material transaction or agreement not in the ordinary course of business:
and (iii) there has been no dividend or distribution of any kind declared, paid or made by the Company or, except for regular
quarterly dividends publicly announced by the Company or dividends paid to the Company or other subsidiaries, by any of its subsidiaries
on any class of capital stock or repurchase or redemption by the Company or any of its subsidiaries of any class of capital stock.

 

(j) Independent
Accountants. EisnerAmper LLP, who has expressed its opinion with respect to the financial statements (which term as used in
this Agreement includes the related notes thereto) and supporting schedules filed with the Commission or incorporated by reference
as a part of the Registration Statement and included in the Prospectus, is an independent registered public accounting firm as
required by the Securities Act and the Exchange Act.

 

(k) Preparation
of the Financial Statements. The financial statements filed with the Commission as a part of or incorporated by reference
in the Registration Statement and included in the Prospectus present fairly, in all material respects, the consolidated financial
position of the Company and its subsidiaries as of and at the dates indicated and the results of their operations and cash flows
for the periods specified, subject in the case of unaudited financial statements to normal year end annual adjustments in accordance
with past practices. The supporting schedules included in or incorporated in the Registration Statement present fairly the information
required to be stated therein. Such financial statements and supporting schedules have been prepared in accordance with generally
accepted accounting principles as applied in the United States applied on a consistent basis throughout the periods involved,
except as may be expressly stated in the related notes thereto. No other financial statements or supporting schedules are required
to be included in or incorporated in the Registration Statement.

 

(l) XBRL.
The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the Registration Statement
fairly presents the information called for in all material respects and has been prepared in accordance with the Commission’s
rules and guidelines applicable thereto.

 

    	 	- 7 -	 

     

    

 

(m) Incorporation
and Good Standing of the Company and its Subsidiaries. The Company has been duly incorporated and is validly existing as a
corporation in good standing under the laws of the State of Nevada and has corporate power and authority to own, lease and operate
its properties and to conduct its business as described in the Prospectus and to enter into and perform its obligations under
this Agreement. Each subsidiary of the Company has been duly organized and is validly existing as a corporation in good standing
under the laws of the jurisdiction of its organization and has the requisite power and authority to own, lease and operate its
properties and to conduct its business as described in the Prospectus. Each of the Company and the subsidiaries is duly qualified
as a foreign corporation or foreign partnership to transact business and is in good standing in each jurisdiction in which such
qualification is required, whether by reason of the ownership or leasing of property or the conduct of business, except for such
jurisdictions where the failure to so qualify or to be in good standing would not, individually or in the aggregate, reasonably
be expected to result in a Material Adverse Change. Except as described in the Prospectus, all of the issued and outstanding equity
interests of the subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and are owned by
the Company free and clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim. The Company does not
own or control, directly or indirectly, any corporation, association or other entity other than the subsidiaries listed in Exhibit 21.1
to the Company’s Annual Report on Form 10-K for the most recently ended fiscal year and other than (i) those subsidiaries
not required to be listed on Exhibit 21.1 by Item 601 of Regulation S-K under the Exchange Act and (ii) those subsidiaries
formed since the last day of the most recently ended fiscal year.

 

(n) Capital
Stock Matters. The Common Stock conforms in all material respects to the description thereof contained in the Prospectus.
All of the issued and outstanding shares of Common Stock have been duly authorized and validly issued, are fully paid and nonassessable
and have been issued in compliance with federal and state securities laws. None of the outstanding shares of Common Stock were
issued in violation of any preemptive rights, rights of first refusal or other similar rights to subscribe for or purchase securities
of the Company. There are no authorized or outstanding options, warrants, preemptive rights, rights of first refusal or other
rights to purchase, or equity or debt securities convertible into or exchangeable or exercisable for, any capital stock of the
Company or any of its subsidiaries other than those accurately described in all material respects in the Prospectus. The description
of the Company’s stock option, stock bonus and other stock plans or arrangements, and the options or other rights granted
thereunder, set forth in the Prospectus accurately and fairly presents in all material respects the information required to be
shown with respect to such plans, arrangements, options and rights under the Exchange Act or the Securities Act, as applicable.

 

    	 	- 8 -	 

     

    

 

(o) Non-Contravention
of Existing Instruments; No Further Authorizations or Approvals Required. Neither the Company nor any of its subsidiaries
is in violation of its charter or by-laws or is in default (or, with the giving of notice or lapse of time, would be in default)
(“Default”) under any indenture, mortgage, loan or credit agreement, note, contract, franchise, lease
or other instrument to which the Company or any of its subsidiaries is a party or by which it or any of them may be bound, or
to which any of the property or assets of the Company or any of its subsidiaries is subject (each, an “Existing Instrument”),
except for such Defaults as would not, individually or in the aggregate, result in a Material Adverse Change. The Company’s
execution, delivery and performance of this Agreement and consummation of the transactions contemplated hereby and by the Prospectus
(i) have been duly authorized by all necessary corporate action and will not result in any violation of the provisions of
the charter or by-laws of the Company or any subsidiary, (ii) will not conflict with or constitute a breach of, or Default
under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets of the Company or
any of its subsidiaries pursuant to, or require the consent of any other party to, any Existing Instrument, except for such conflicts,
breaches, Defaults, liens, charges or encumbrances as would not, individually or in the aggregate, result in a Material Adverse
Change and (iii) will not result in any violation of any law, administrative regulation or administrative or court decree
applicable to the Company or any subsidiary. No consent, approval, authorization or other order of, or registration or filing
with, any court or other governmental or regulatory authority or agency, is required for the Company’s execution, delivery
and performance of this Agreement and consummation of the transactions contemplated hereby and by the Prospectus, except such
as have been obtained or made by the Company and are in full force and effect under the Securities Act, or that may be required
under applicable state securities or blue sky laws and from the Financial Industry Regulatory Authority (“FINRA”)
or Exchange.

 

(p) No
Material Actions or Proceedings. Except as disclosed in the Prospectus, there are no legal or governmental actions, suits
or proceedings pending or, to the best of the Company’s knowledge, threatened (i) against or affecting the Company
or any of its subsidiaries, (ii) which has as the subject thereof any officer or director of, or property owned or leased
by, the Company or any of its subsidiaries or (iii) relating to environmental or discrimination matters, where in any such
case (A) there is a reasonable possibility that such action, suit or proceeding might be determined adversely to the Company
or such subsidiary and (B) any such action, suit or proceeding, if so determined adversely, would result in a Material Adverse
Change or adversely affect the consummation of the transactions contemplated by this Agreement. No material labor dispute with
the employees of the Company or any of its subsidiaries exists or, to the Company’s knowledge, is threatened or imminent.

 

(q) All
Necessary Permits, etc. The Company and each subsidiary possess such valid and current certificates, authorizations or permits
issued by the appropriate state, federal or foreign regulatory agencies or bodies necessary to conduct their respective businesses
as currently conducted and described in the Prospectus, other than those the failure to possess or own would not result in a Material
Adverse Change, and neither the Company nor any subsidiary has received any notice of proceedings relating to the revocation or
modification of, or non-compliance with, any such certificate, authorization or permit which, singly or in the aggregate, if the
subject of an unfavorable decision, ruling or finding, could result in a Material Adverse Change.

 

    	 	- 9 -	 

     

    

 

(r) Tax
Law Compliance. Subject to any permitted extensions, the Company and its consolidated subsidiaries have filed all necessary
federal, state and foreign income, property and franchise tax returns (or have properly requested extensions thereof) and have
paid all taxes required to be paid by any of them and, if due and payable, any related or similar assessment, fine or penalty
levied against any of them except as may be being contested in good faith and by appropriate proceedings. The Company has made
adequate charges, accruals and reserves in the applicable financial statements referred to in Section  6(k) above in respect
of all federal, state and foreign income, property and franchise taxes for all periods as to which the tax liability of the Company
or any of its consolidated subsidiaries has not been finally determined.

 

(s) Company
Not an “Investment Company”. The Company has been advised of the rules and requirements under the Investment Company
Act of 1940, as amended (the “Investment Company Act”). The Company is not, and after receipt of payment
for the Placement Shares will not be, an “investment company” within the meaning of Investment Company Act.

 

(t) Insurance.
Except as otherwise described in the Prospectus, each of the Company and its subsidiaries are insured by insurers of recognized
financial responsibility with policies in such amounts and with such deductibles and covering such risks as are generally deemed
prudent and customary for their respective businesses as currently conducted and described in the Prospectus. The Company has
no reason to believe that it or any subsidiary will not be able (i) to renew its existing insurance coverage as and when
such policies expire or (ii) to obtain comparable coverage from similar institutions as may be necessary or appropriate to
conduct its business as now conducted and at a cost that would not result in a Material Adverse Change.

 

(u) No
Price Stabilization or Manipulation. The Company has not taken and will not take, directly or indirectly, any action designed
to or that might be reasonably expected to cause or result in stabilization or manipulation of the price of any security of the
Company to facilitate the sale or resale of the Placement Shares.

 

(v) Related
Party Transactions. There are no business relationships or related-party transactions involving the Company or any subsidiary
or any other person required to be described in the Prospectus which have not been described as required.

 

(w) Exchange
Act Compliance. The Incorporated Documents, at the time they were or hereafter are filed with the Commission, complied and
will comply in all material respects with the requirements of the Exchange Act, and, when read together with the other information
in the Prospectus, at the Settlement Dates, will not contain an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading.

 

(x) No
Unlawful Contributions or Other Payments. Neither the Company nor any of its subsidiaries nor, to the Company’s knowledge,
any director, officer, employee or agent of the Company or any subsidiary acting on behalf of the Company or any of its subsidiaries
has  taken any action, directly or indirectly, that would result in a violation by such persons of the Foreign Corrupt Practices
Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”), including, without limitation,
making use of the mails or any means or instrumentality of interstate commerce corruptly in furtherance of an offer, payment,
promise to pay or authorization of the payment of any money, or other property, gift, promise to give, or authorization of the
giving of anything of value to any “foreign official” (as such term is defined in the FCPA) or any foreign political
party or official thereof or any candidate for foreign political office, in contravention of the FCPA and the Company and, to
the knowledge of the Company, its controlled affiliates have conducted their businesses in compliance with the FCPA and have instituted
and maintain policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, continued compliance
therewith.

 

    	 	- 10 -	 

     

    

 

(y) Compliance
with Money Laundering Laws. The operations of the Company and its subsidiaries are and have been conducted at all times in
compliance with applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting
Act of 1970, as amended, the money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related
or similar rules, regulations or guidelines, issued, administered or enforced by any governmental agency (collectively, the “Money
Laundering Laws”) and no action, suit or proceeding by or before any court or governmental agency, authority or
body or any arbitrator involving the Company or any of its subsidiaries with respect to the Money Laundering Laws is pending or,
the knowledge of the Company, threatened.

 

(z) Compliance
with OFAC. None of the Company, any of its subsidiaries or, to the knowledge of the Company, any director, officer, agent,
employee or affiliate of the Company or any of its subsidiaries is currently subject to any U.S. sanctions administered by the
Office of Foreign Office Control of the U.S. Department of the Treasury (“OFAC”); and the Company will
not, directly or indirectly, use the proceeds of the offering of the Placement Shares hereunder, or lend, contribute or otherwise
make available such proceeds to any subsidiary, joint venture partner or other person or entity, for the purpose of financing
the activities of any person currently subject to any U.S. sanctions administered by OFAC.

 

(aa) Company’s
Accounting System. The Company maintains a system of “internal control over financial reporting” (as such term
is defined in Rule 13a-15(f) of the General Rules and Regulations under the Exchange Act (the “Exchange Act Rules”))
that complies with the requirements of the Exchange Act and has been designed by its principal executive and principal financial
officers, or under their supervision, to provide reasonable assurances that (i) transactions are executed in accordance with management’s
general or specific authorizations; (ii) transactions are recorded as necessary to permit preparation of financial statements
in conformity with U.S. GAAP and to maintain accountability for assets; (iii) access to assets is permitted only in accordance
with management’s general or specific authorization; and (iv) the recorded accountability for assets is compared with existing
assets at reasonable intervals and appropriate action is taken with respect to any differences. Except as described in the Prospectus,
since the end of the Company’s most recent audited fiscal year, there has been (A) no material weakness in the Company’s
internal control over financial reporting (whether or not remediated) and (B) no change in the Company’s internal control
over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal
control over financial reporting.

 

    	 	- 11 -	 

     

    

 

(bb) Disclosure
Controls. The Company maintains disclosure controls and procedures (as such is defined in Rule 13a-15(e) of the Exchange Act
Rules) that comply with the requirements of the Exchange Act; such disclosure controls and procedures have been designed to ensure
that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is recorded,
processed, summarized and reported within the time periods specified in the Commission’s rules and forms, including controls
and procedures designed to ensure that such information is accumulated and communicated to the Company’s management to allow
timely decisions regarding disclosures. To the extent required by the Exchange Act Rules, the Company has conducted evaluations
of the effectiveness of its disclosure controls as required by Rule 13a-15 of the Exchange Act.

 

(cc) Compliance
with Environmental Laws. Except as otherwise described in the Prospectus, and except as would not, individually or in the
aggregate, result in a Material Adverse Change (i) neither the Company nor any of its subsidiaries is in violation of any
federal, state, local or foreign law or regulation relating to pollution or protection of human health or the environment (including,
without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including without
limitation, laws and regulations relating to emissions, discharges, releases or threatened releases of chemicals, pollutants,
contaminants, wastes, toxic substances, hazardous substances, petroleum and petroleum products (collectively, “Materials
of Environmental Concern”), or otherwise relating to the manufacture, processing, distribution, use, treatment,
storage, disposal, transport or handling of Materials of Environmental Concern (collectively, “Environmental Laws”),
which violation includes, but is not limited to, noncompliance with any permits or other governmental authorizations required
for the operation of the business of the Company or its subsidiaries under applicable Environmental Laws, or noncompliance with
the terms and conditions thereof, nor has the Company or any of its subsidiaries received any written communication, whether from
a governmental authority, citizens group, employee or otherwise, that alleges that the Company or any of its subsidiaries is in
violation of any Environmental Law; (ii) there is no claim, action or cause of action filed with a court or governmental
authority, no investigation with respect to which the Company has received written notice, and no written notice by any person
or entity alleging potential liability for investigatory costs, cleanup costs, governmental responses costs, natural resources
damages, property damages, personal injuries, attorneys’ fees or penalties arising out of, based on or resulting from the
presence, or release into the environment, of any Material of Environmental Concern at any location owned, leased or operated
by the Company or any of its subsidiaries, now or in the past (collectively, “Environmental Claims”),
pending or, to the Company’s knowledge, threatened against the Company or any of its subsidiaries or any person or entity
whose liability for any Environmental Claim the Company or any of its subsidiaries has retained or assumed either contractually
or by operation of law; and (iii) to the best of the Company’s knowledge, there are no past or present actions, activities,
circumstances, conditions, events or incidents, including, without limitation, the release, emission, discharge, presence or disposal
of any Material of Environmental Concern, that reasonably could result in a violation of any Environmental Law or form the basis
of a potential Environmental Claim against the Company or any of its subsidiaries or against any person or entity whose liability
for any Environmental Claim the Company or any of its subsidiaries has retained or assumed either contractually or by operation
of law.

 

    	 	- 12 -	 

     

    

 

(dd) 
Intellectual Property. Except for specific matters described in the Prospectus, the Company and its subsidiaries own, possess
or have sufficient rights to use all trademarks, trade names, patent rights, copyrights, domain names, licenses, approvals, trade
secrets, inventions, technology, know-how and other intellectual property and similar rights, including registrations and applications
for registration thereof (collectively, “Intellectual Property Rights”) necessary or material to the
conduct of the business now conducted or proposed in the Prospectus to be conducted by them. Except as disclosed in the Prospectus
(i) there are no rights of third parties to any of the Intellectual Property Rights owned or purported to be owned by the Company
or its subsidiaries; (ii) to the Company’s knowledge there is no infringement, misappropriation, breach, or default by any
third party of any of the Intellectual Property Rights of the Company or any of its subsidiaries; (iii) there is no pending or,
to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party challenging the Company’s
or any of its subsidiaries’ rights in or to, or the violation of any of the terms of, any of their Intellectual Property
Rights; (iv) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third
party challenging the validity, enforceability or scope of any Intellectual Property Rights of the Company or any of its subsidiaries;
(v) there is no pending or, to the Company’s knowledge, threatened action, suit, proceeding or claim by any third party
that the Company or any of its subsidiaries infringes, misappropriates or otherwise violates or conflicts with any Intellectual
Property Rights of any third party; (vi) none of the Intellectual Property Rights used or held for use by the Company or any of
its subsidiaries in their businesses has been obtained or is being used or held for use by the Company or any of its subsidiaries
in violation of any contractual obligation binding on the Company or any of its subsidiaries, and (vii) the Company and its subsidiaries
have taken reasonable steps in accordance with normal industry practice to maintain the confidentiality of all Intellectual Property
Rights the value of which to the Company or any subsidiary is contingent upon maintaining the confidentiality thereof, except
in each case covered by clauses (i) – (vii) such as would not, if determined adversely to the Company or any of its subsidiaries,
individually or in the aggregate, result in a Material Adverse Change.

 

(ee) Compliance
with Applicable Laws. The Company and the subsidiaries: (A) are and at all times have been in material compliance with all
statutes, rules and regulations applicable to the ownership, testing, development, manufacture, packaging, processing, use, distribution,
marketing, labeling, promotion, sale, offer for sale, storage, import, export or disposal of any product under development, manufactured
or distributed by the Company or the Subsidiaries (“Applicable Laws”), (b) have not received any notice
of adverse finding, warning letter, or other written correspondence or notice from any federal, state, local or foreign governmental
or regulatory authority alleging or asserting material noncompliance with any Applicable Laws or any licenses, certificates, approvals,
clearances, authorizations, permits and supplements or amendments thereto required by any such Applicable Laws (“Authorizations”),
which would, individually or in the aggregate, result in a Material Adverse Effect; (C) possess all material Authorizations and
such Authorizations are valid and in full force and effect and neither the Company nor the Subsidiaries is in material violation
of any term of any such Authorizations; (D) have not received written notice of any claim, action, suit, proceeding, hearing,
enforcement, investigation, arbitration or other action any federal, state, local or foreign governmental or regulatory authority
or third party alleging that any Company product, operation or activity is in material violation of any Applicable Laws or Authorizations
and has no knowledge that any federal, state, local or foreign governmental or regulatory authority or third party is considering
any such claim, litigation, arbitration, action, suit, investigation or proceeding against the Company; (E) have not received
notice that any federal, state, local or foreign governmental or regulatory authority has taken, is taking or intends to take
action to limit, suspend, modify or revoke any material Authorizations and has no knowledge that any federal, state, local or
foreign governmental or regulatory authority is considering such action; and (F) have filed, obtained, maintained or submitted
all reports, documents, forms, notices, applications, records, claims, submissions and supplements or amendments as required by
any Applicable Laws or Authorizations except where the failure to file such reports, documents, forms, notices, applications,
records, claims, submissions and supplements or amendments would not result in a Material Adverse Effect, and that all such reports,
documents, forms, notices, applications, records, claims, submissions and supplements or amendments were materially complete and
correct on the date filed (or were corrected or supplemented by a subsequent submission).

 

    	 	- 13 -	 

     

    

 

(ff) Clinical
Studies. All animal and other preclinical studies and clinical trials conducted by the Company or on behalf of the Company
were, and, if still pending are, to the Company’s knowledge, being conducted in all material respects in compliance with
all Applicable Laws and in accordance with experimental protocols, procedures and controls generally used by qualified experts
in the preclinical study and clinical trials of new drugs and biologics as applied to comparable products to those being developed
by the Company; the descriptions of the results of such preclinical studies and clinical trials contained in the Registration
Statement and the Prospectus are accurate in all material respects, and, except as set forth in the Registration Statement and
the Prospectus, the Company has no knowledge of any other clinical trials or preclinical studies, the results of which reasonably
call into question the clinical trial or preclinical study results described or referred to in the Registration Statement and
the Prospectus when viewed in the context in which such results are described; and the Company has not received any written notices
or correspondence from any domestic or foreign governmental agency requiring the termination or suspension of any preclinical
studies or clinical trials conducted by or on behalf of the Company that are described in the Registration Statement and the Prospectus
or the results of which are referred to in the Registration Statement and the Prospectus.

 

(gg) Listing.
The Company is subject to and in compliance in all material respects with the reporting requirements of Section 13 or Section
15(d) of the Exchange Act. The Common Stock is registered pursuant to Section 12(b) or Section 12(g) of the Exchange Act and is
listed on the Exchange, and the Company has taken no action designed to, or reasonably likely to have the effect of, terminating
the registration of the Common Stock under the Exchange Act or delisting the Common Stock from the Exchange, nor has the Company
received any notification that the Commission or Exchange is contemplating terminating such registration or listing.

 

(hh) Brokers.
Except for HCW, there is no broker, finder or other party that is entitled to receive from the Company any brokerage or finder’s
fee or other fee or commission as a result of any transactions contemplated by this Agreement.

 

(ii) No
Outstanding Loans or Other Indebtedness. Except as described in the Prospectus, there are no outstanding loans, advances (except
normal advances for business expenses in the ordinary course of business) or guarantees or indebtedness by the Company to or for
the benefit of any of the officers or directors of the Company or any of the immediate family members of any of them.

 

    	 	- 14 -	 

     

    

 

(jj) No
Reliance. The Company has not relied upon HCW or legal counsel for HCW for any legal, tax or accounting advice in connection
with the offering and sale of the Placement Shares.

 

(kk) HCW
Purchases. The Company acknowledges and agrees that HCW has informed the Company that HCW may, to the extent permitted under
the Securities Act, the Exchange Act and this Agreement, purchase and sell shares of Common Stock for its own account while this
Agreement is in effect.

 

Any
certificate signed by an authorized officer of the Company and required to be delivered to HCW or to counsel for HCW in connection
with this Agreement shall be deemed to be a representation and warranty by the Company to HCW as to the matters set forth therein.

 

The
Company acknowledges that HCW and, for purposes of the opinions to be delivered pursuant to Section 7 hereof, counsel to
the Company and counsel to HCW, will rely upon the accuracy and truthfulness of the foregoing representations and hereby consents
to such reliance.

 

7.       Covenants
of the Company. The Company covenants and agrees with HCW that:

 

(a) Registration
Statement Amendments. After the date of this Agreement and during any period in which a Prospectus relating to any Placement
Shares is required to be delivered by HCW under the Securities Act (including in circumstances where such requirement may be satisfied
pursuant to Rule 172 under the Securities Act), (i) the Company will notify HCW promptly of the time when any subsequent amendment
to the Registration Statement, other than any Incorporated Documents by reference or amendments not related to any Placement Shares,
has been filed with the Commission and/or has become effective or any subsequent supplement to the Prospectus has been filed and
of any request by the Commission for any amendment or supplement to the Registration Statement or Prospectus related to any Placement
Shares or for additional information related to any Placement Shares, (ii) the Company will prepare and file with the Commission,
promptly upon HCW’s reasonable request, any amendments or supplements to the Registration Statement or Prospectus that,
in HCW’s reasonable opinion and upon the opinion of the Company’s legal counsel, may be necessary or advisable in
connection with the distribution of the Placement Shares by HCW (provided, however, that the failure of HCW to make such
request shall not relieve the Company of any obligation or liability hereunder, or affect HCW’s right to rely on the representations
and warranties made by the Company in this Agreement and provided, further, that the only remedy HCW shall have with respect to
the failure to make such filing shall be to cease making sales under this Agreement until such amendment or supplement is filed);
(iii) the Company will not file any amendment or supplement to the Registration Statement or Prospectus, other than documents
incorporated by reference, relating to the Placement Shares or a security convertible into the Placement Shares unless a copy
thereof has been submitted to HCW within a reasonable period of time before the filing and HCW has not reasonably objected thereto
(provided, however, that (A) the failure of HCW to make such objection shall not relieve the Company of any obligation
or liability hereunder, or affect HCW’s right to rely on the representations and warranties made by the Company in this
Agreement, (B) the Company has no obligation to provide HCW any advance copy of such filing or to provide HCW an opportunity to
object to such filing if the filing does not name HCW or does not relate to the transaction herein provided, and (C) the only
remedy HCW shall have with respect to the failure by the Company to provide HCW with such copy or the filing of such amendment
or supplement despite HCW’s objection shall be to cease making sales under this Agreement) and the Company will furnish
to HCW at the time of filing thereof a copy of any document that upon filing is deemed to be incorporated by reference into the
Registration Statement or Prospectus, except for those documents available via EDGAR; and (iv) the Company will cause each amendment
or supplement to the Prospectus, other than documents incorporated by reference, to be filed with the Commission as required pursuant
to the applicable paragraph of Rule 424(b) of the Securities Act.  

 

    	 	- 15 -	 

     

    

 

(b) Notice
of Commission Stop Orders. The Company will advise HCW, promptly after it receives notice or obtains knowledge thereof, of
the issuance or threatened issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement,
of the suspension of the qualification of the Placement Shares for offering or sale in any jurisdiction, or of the initiation
or threatening of any proceeding for any such purpose; and it will promptly use its commercially reasonable efforts to prevent
the issuance of any stop order or to obtain its withdrawal if such a stop order should be issued.

 

(c) Delivery
of Prospectus; Subsequent Changes. During any period in which a Prospectus relating to the Placement Shares is required to
be delivered by HCW under the Securities Act with respect to a pending sale of the Placement Shares, (including in circumstances
where such requirement may be satisfied pursuant to Rule 172 under the Securities Act), the Company will use its commercially
reasonably efforts to comply with all requirements imposed upon it by the Securities Act, as from time to time in force, and to
file on or before their respective due dates (taking into account any extensions available under the Exchange Act) all reports
and any definitive proxy or information statements required to be filed by the Company with the Commission pursuant to Sections
13(a), 13(c), 14, 15(d) or any other provision of or under the Exchange Act. If during such period any event occurs as a result
of which the Prospectus as then amended or supplemented would include an untrue statement of a material fact or omit to state
a material fact necessary to make the statements therein, in the light of the circumstances then existing, not misleading, or
if during such period it is necessary to amend or supplement the Registration Statement or Prospectus to comply with the Securities
Act, the Company will promptly notify HCW to suspend the offering of Placement Shares during such period and the Company will
promptly amend or supplement the Registration Statement or Prospectus (at the expense of the Company) so as to correct such statement
or omission or effect such compliance.

 

(d) Listing
of Placement Shares. During any period in which the Prospectus relating to the Placement Shares is required to be delivered
by HCW under the Securities Act with respect to a pending sale of the Placement Shares (including in circumstances where such
requirement may be satisfied pursuant to Rule 172 under the Securities Act), the Company will use its commercially reasonable
efforts to cause the Placement Shares to be listed on Exchange and to qualify the Placement Shares for sale under the securities
laws of such jurisdictions as HCW reasonably designates and to continue such qualifications in effect so long as required for
the distribution of the Placement Shares; provided, however, that the Company shall not be required in connection therewith
to qualify as a foreign corporation or dealer in securities or file a general consent to service of process in any jurisdiction.

 

    	 	- 16 -	 

     

    

 

(e) Delivery
of Registration Statement and Prospectus. The Company will furnish to HCW and its counsel (at the expense of the Company)
copies of the Registration Statement, the Prospectus (including all Incorporated Documents) and all amendments and supplements
to the Registration Statement or Prospectus that are filed with the Commission during any period in which a Prospectus relating
to the Placement Shares is required to be delivered under the Securities Act (including all Incorporated Documents), in each case
as soon as reasonably practicable and in such quantities as HCW may from time to time reasonably request and, at HCW’s request,
will also furnish copies of the Prospectus to each exchange or market on which sales of the Placement Shares may be made; provided,
however, that the Company shall not be required to furnish any document (other than the Prospectus) to HCW to the extent such
document is available on EDGAR.

 

(f) Earnings
Statement. The Company will make generally available to its security holders as soon as practicable, but in any event not
later than 15 months after the end of the Company’s current fiscal quarter, an earnings statement covering a 12-month period
that satisfies the provisions of Section 11(a) and Rule 158 of the Securities Act.

 

(g) Expenses.
The Company, whether or not the transactions contemplated hereunder are consummated or this Agreement is terminated, in accordance
with the provisions of Section 11 hereunder, will pay all of its own expenses incident to the performance of its obligations under
this Agreement, including (i) the preparation, filing, including any fees required by the Commission, and printing of the Registration
Statement (including financial statements and exhibits) as originally filed and of each amendment and supplement thereto and each
Free Writing Prospectus, in such number as HCW shall deem reasonably necessary, (ii) the printing and delivery to HCW of this
Agreement and such other documents as may be required by HCW in connection with the offering, purchase, sale, issuance or delivery
of the Placement Shares, (iii) the preparation, issuance and delivery of the certificates, if any, for the Placement Shares to
HCW, including any stock or other transfer taxes and any capital duties, stamp duties or other duties or taxes payable upon the
sale, issuance or delivery of the Placement Shares to HCW, (iv) the fees and disbursements of the counsel, accountants and other
advisors to the Company, (v) the fees and disbursements of counsel to HCW in connection with entering into the transactions contemplated
by this Agreement up to $50,000, and the quarterly disbursements of counsel to HCW up to $2,500 per calendar quarter; (vi) the
fees and expenses of the transfer agent and registrar for the Common Stock, (vii) the filing fees incident to any review by FINRA
of the terms of the sale of the Placement Shares, (viii) the fees and expenses incurred in connection with the listing of the
Placement Shares on the Exchange, and (ix) all trading, execution, settlement, or wiring fees incurred by HCW in connection with
the sale of the Placement Shares.

 

(h) Use
of Proceeds. The Company will use the Net Proceeds as described in the Prospectus in the section entitled “Use of Proceeds.”

 

    	 	- 17 -	 

     

    

 

(i) Notice
of Other Sales. During the pendency of any Placement Notice given hereunder, and for 5 Trading Days following the termination
of any Placement Notice given hereunder, the Company shall provide HCW notice as promptly as reasonably possible before it offers
to sell, contracts to sell, sells, grants any option to sell or otherwise disposes of any shares of Common Stock (other than Placement
Shares offered pursuant to the provisions of this Agreement) or securities convertible into or exchangeable for Common Stock,
warrants or any rights to purchase or acquire Common Stock; provided, that such notice shall not be required in connection
with the (i) issuance, grant or sale of Common Stock, options to purchase shares of Common Stock or any other equity awards, or
Common Stock issuable upon the exercise of options or other equity awards pursuant to any stock option, stock bonus, employee
stock purchase or other stock plan or arrangement described in the Prospectus, (ii) the issuance, grant or sale of Common Stock,
or securities convertible into or exercisable for Common Stock, in connection with any joint venture, commercial, strategic or
collaborative relationship, or the acquisition or license by the Company of the securities, businesses, property or other assets
of another person or entity, (iii) the issuance or sale of Common Stock pursuant to any dividend reinvestment plan that the Company
may adopt from time to time provided the implementation of such is disclosed to HCW in advance or (iv) any shares of Common Stock
issuable upon the exchange, conversion or redemption of securities or the exercise or vesting of warrants, options or other rights
in effect or outstanding. Notwithstanding the foregoing provisions, nothing herein shall be construed to restrict the Company’s
ability, or require the Company to provide notice to HCW, to file a registration statement under the Securities Act.

 

(j) Change
of Circumstances. The Company will, at any time during a fiscal quarter in which the Company intends to tender a Placement
Notice or sell Placement Shares, advise HCW promptly after it shall have received notice or obtained knowledge thereof, of any
information or fact that would alter or affect in any material respect any opinion, certificate, letter or other document required
to be provided to HCW pursuant to this Agreement.

 

(k) Due
Diligence Cooperation. During the term of this Agreement, the Company will cooperate with any reasonable due diligence review
conducted by HCW or its agents in connection with the transactions contemplated hereby, including, without limitation, providing
information and making available documents and senior corporate officers, during regular business hours and at the Company’s
principal offices, as HCW may reasonably request.

 

(l) Required
Filings Relating to Placement of Placement Shares. To the extent that the filing of a prospectus supplement with the Commission
with respect to a placement of Placement Shares is required under Rule 424(b) under the Securities Act, the Company agrees that
on or before such dates as the Securities Act shall require, the Company will (i) file a prospectus supplement with the Commission
under the applicable paragraph of Rule 424(b) under the Securities Act (each and every filing under Rule 424(b), a “Filing
Date”), which prospectus supplement will set forth, to the extent required, within the relevant period, the amount
of Placement Shares sold through HCW, the Net Proceeds to the Company and the compensation payable by the Company to HCW with
respect to such Placement Shares (provided that the Company may satisfy its obligations under this Section 7(l)(i) by effecting
a filing in accordance with the Exchange Act with respect to such information), and (ii) deliver such number of copies of each
such prospectus supplement to each exchange or market on which such sales were effected as may be required by the rules or regulations
of such exchange or market.

 

    	 	- 18 -	 

     

    

 

(m) Representation
Dates; Certificate. On or prior to the First Delivery Date and each time the Company (i) amends or supplements the Registration
Statement or the Prospectus relating to the Placement Shares (other than a prospectus supplement filed in accordance with Section
7(l) of this Agreement) by means of a post-effective amendment, sticker, or supplement but not by means of incorporation of document(s)
by reference to the Registration Statement or the Prospectus relating to the Placement Shares; (ii) files an annual report on
Form 10-K under the Exchange Act; (iii) files its quarterly reports on Form 10-Q under the Exchange Act; or (iv) files a current
report on Form 8-K under the Exchange Act containing amended audited financial information (other than information “furnished”
pursuant to Items 2.02 or 7.01 of Form 8-K or to provide disclosure pursuant to Item 8.01 of Form 8-K relating to the reclassification
of certain properties as discontinued operations in accordance with Statement of Financial Accounting Standards No. 144 under
the Exchange Act) under the Exchange Act (each date of filing of one or more of the documents referred to in clauses (i) through
(iv) shall be a “Representation Date”); the Company shall furnish HCW with a certificate, in the form
attached hereto as Exhibit 7(m) within five (5) Trading Days of any Representation Date if requested by HCW. The requirement
to provide a certificate under this Section 7(m) shall be automatically waived for any Representation Date occurring at a time
at which no Placement Notice is pending, which waiver shall continue until the earlier to occur of the date the Company delivers
a Placement Notice hereunder (which for such calendar quarter shall be considered a Representation Date, including for purposes
of Sections 7(n) and 7(o) hereof) and the next occurring Representation Date; provided, however, that such waiver
shall not apply for any Representation Date on which the Company files its annual report on Form 10-K. Notwithstanding the foregoing,
if the Company subsequently decides to sell Placement Shares following a Representation Date when the Company relied on such waiver
and did not provide HCW with a certificate under this Section 7(m), then before the Company delivers the Placement Notice
or HCW sells any Placement Shares, the Company shall provide HCW with a certificate, in the form attached hereto as Exhibit
7(m), dated the date of the Placement Notice.

 

(n) Legal
Opinion. (i) On or prior to the First Delivery Date, the Company shall cause to be furnished to HCW a written opinion
and negative assurance letter of Ellenoff Grossman & Schole LLP, or other counsel reasonably satisfactory to HCW (“Company
Counsel”), in form and substance reasonably satisfactory to HCW and its counsel, dated the date that such opinion
and negative assurance letter are required to be delivered and (ii) within the later of (A) five (5) Trading Days of each
Representation Date with respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit
7(m), and (B) the date a Placement Notice is first delivered by the Company following a Representation Date, but in any event
not more than once per calendar quarter, the Company shall cause to be furnished to HCW a negative assurance letter of Company
Counsel, in form and substance reasonably satisfactory to HCW and its counsel, dated the date of delivery of the negative assurance
letter (the “Opinion Date”), respectively, modified, as necessary, to relate to the Registration Statement
and the Prospectus as then amended or supplemented; provided, however, that in lieu of such negative assurance letters
for subsequent Representation Dates, counsel may furnish HCW with a letter (a “Reliance Letter”) to
the effect that HCW may rely on a prior negative assurance letter delivered under this Section 7(n) to the same extent
as if it were dated the date of such Reliance Letter (except that statements in such prior negative assurance letter shall be
deemed to relate to the Registration Statement and the Prospectus as amended or supplemented at such Representation Date).

 

    	 	- 19 -	 

     

    

 

(o) Comfort
Letter. On or prior to the First Delivery Date and within five (5) Trading Days of each subsequent Representation Date with
respect to which the Company is obligated to deliver a certificate in the form attached hereto as Exhibit 7(m), other than
pursuant to Section 7(m)(iii), the Company shall cause its independent accountants to furnish HCW letters (the “Comfort
Letters”), dated the date the Comfort Letter is delivered, in form and substance reasonably satisfactory to HCW,
(i) confirming that they are an independent registered public accounting firm within the meaning of the Securities Act and the
PCAOB, (ii) stating, as of such date, the conclusions and findings of such firm with respect to the financial information and
other matters ordinarily covered by accountants’ “comfort letters” to underwriters in connection with registered
public offerings (the first such letter, the “Initial Comfort Letter”) and (iii) updating the Initial
Comfort Letter with any information that would have been included in the Initial Comfort Letter had it been given on such date
and modified as necessary to relate to the Registration Statement and the Prospectus, as amended and supplemented to the date
of such letter.

 

(p) Market
Activities. The Company will not, directly or indirectly, (i) take any action designed to cause or result in, or that constitutes
or might reasonably be expected to constitute, the stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of the Placement Shares or (ii) sell, bid for, or purchase the Placement Shares to be issued and
sold pursuant to this Agreement, or pay anyone any compensation for soliciting purchases of the Placement Shares other than HCW;
provided, however, that the Company may bid for and purchase shares of its Common Stock in accordance with Rule 10b-18 under the
Exchange Act.

 

(q) Insurance.
The Company and its subsidiaries shall maintain, or cause to be maintained, insurance in such amounts and covering such risks
as is reasonable and customary for the business for which it is engaged.

 

(r) Compliance
with Laws. The Company and each of its subsidiaries will use commercially reasonable efforts to maintain, or cause to be maintained,
all material environmental permits, licenses and other authorizations required by federal, state and local law in order to conduct
their businesses as described in the Prospectus, and the Company and each of its subsidiaries shall conduct their businesses,
or cause their businesses to be conducted, in substantial compliance with such permits, licenses and authorizations and with applicable
environmental laws, except where the failure to maintain or be in compliance with such permits, licenses and authorizations could
not reasonably be expected to result in a Material Adverse Change.

 

(s) Investment
Company Act. The Company will conduct its affairs in such a manner so as to reasonably ensure that neither it nor its subsidiaries
will be or become, at any time prior to the termination of this Agreement, an “investment company,” as such term is
defined in the Investment Company Act, assuming no change in the Commission’s current interpretation as to entities that
are not considered an investment company.

 

    	 	- 20 -	 

     

    

 

(t) Securities
Act and Exchange Act. The Company will use its best efforts to comply with all requirements imposed upon it by the Securities
Act and the Exchange Act as from time to time in force, so far as necessary to permit the continuance of sales of, or dealings
in, the Placement Shares as contemplated by the provisions hereof and the Prospectus.

 

(u) No
Offer to Sell. Other than any free writing prospectus (as defined in Rule 405 under the Securities Act) approved in advance
by the Company and HCW in its capacity as principal or agent hereunder, neither HCW nor the Company (including its agents and
representatives, other than HCW in its capacity as such) will make, use, prepare, authorize, approve or refer to any written communication
(as defined in Rule 405 under the Securities Act), required to be filed with the Commission, that constitutes an offer to sell
or solicitation of an offer to buy Placement Shares hereunder.

 

(v) Sarbanes-Oxley
Act. The Company and its subsidiaries will use their best efforts to comply with all effective provisions of the Sarbanes-Oxley
Act applicable to the Company.

 

8.       Conditions
to HCW’s Obligations. The obligations of HCW hereunder with respect to a Placement will be subject to the continuing
accuracy and completeness of the representations and warranties made by the Company herein, to the due performance by the Company
of its obligations hereunder, to the completion by HCW of a due diligence review satisfactory to HCW in its reasonable judgment,
and to the continuing satisfaction (or waiver by HCW in its sole discretion) of the following additional conditions:

 

(a) Registration
Statement Effective. The Registration Statement shall be effective and shall be available for (i) all sales of Placement Shares
issued pursuant to all prior Placement Notices and (ii) the sale of all Placement Shares contemplated to be issued by any Placement
Notice.

 

(b) No
Material Notices. None of the following events shall have occurred and be continuing: (i) receipt by the Company or any of
its subsidiaries of any request for additional information from the Commission or any other federal or state governmental authority
during the period of effectiveness of the Registration Statement, the response to which would require any post-effective amendments
or supplements to the Registration Statement or the Prospectus; (ii) the issuance by the Commission or any other federal
or state governmental authority of any stop order suspending the effectiveness of the Registration Statement or the initiation
of any proceedings for that purpose; (iii) receipt by the Company of any notification from the Commission or any other federal
or state governmental authority with respect to the suspension of the qualification or exemption from qualification of any of
the Placement Shares for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; or (iv)
the occurrence of any event that makes any material statement made in the Registration Statement or the Prospectus or any Incorporated
Document untrue in any material respect or that requires the making of any changes in the Registration Statement, the related
Prospectus or such documents so that, in the case of the Registration Statement, it will not contain any materially untrue statement
of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein
not misleading and, that in the case of the Prospectus, it will not contain any materially untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading.

 

    	 	- 21 -	 

     

    

 

(c) No
Misstatement or Material Omission. HCW shall not have advised the Company that the Registration Statement or Prospectus, or
any amendment or supplement thereto, contains an untrue statement of fact that in HCW’s reasonable opinion is material,
or omits to state a fact that in HCW’s reasonable opinion is material and is required to be stated therein or is necessary
to make the statements therein not misleading.

 

(d) Material
Changes. Except as contemplated in the Prospectus, or disclosed in the Company’s reports filed with the Commission,
since the date of this Agreement, there shall not have been any Material Adverse Change or any development that could reasonably
be expected to result in a Material Adverse Change.

 

(e) Company
Counsel Legal Opinion. HCW shall have received the opinion and negative assurance letters or Reliance Letters of Company Counsel
required to be delivered pursuant to Section 7(n) on or before the date on which such delivery of such opinion and negative
assurance letter is required pursuant to Section 7(n).

 

(f) HCW
Counsel Legal Opinion. HCW shall have received from HCW Counsel, such opinion or opinions, on or before the date on which
the delivery of the Company Counsel legal opinion is required pursuant to Section 7(n), with respect to such matters as
HCW may reasonably require, and the Company shall have furnished to such counsel such documents as they request for enabling them
to pass upon such matters.

 

(g) Comfort
Letter. HCW shall have received the Comfort Letter required to be delivered pursuant to Section 7(o) on or before the
date on which such delivery of such Comfort Letter is required pursuant to Section 7(o).

 

(h) Representation
Certificate. HCW shall have received the certificate required to be delivered pursuant to Section 7(m) on or before
the date on which delivery of such certificate is required pursuant to Section 7(m).

 

(i) Secretary’s
Certificate. On or prior to the First Delivery Date, HCW shall have received a certificate, signed on behalf of the Company
by its corporate Secretary, in form and substance satisfactory to HCW and its counsel.

 

(j) No
Suspension. Trading in the Common Stock shall not have been suspended on Exchange.

 

(k) Other
Materials. On each date on which the Company is required to deliver a certificate pursuant to Section 7(m), the Company
shall have furnished to HCW such appropriate further information, certificates and documents as HCW may have reasonably requested
in furtherance of the transactions contemplated hereby, in form and substance reasonably satisfactory to HCW and its counsel.

 

    	 	- 22 -	 

     

    

 

(l) Securities
Act Filings Made. All filings with the Commission required by Rule 424 under the Securities Act to have been filed prior to
the issuance of any Placement Notice hereunder shall have been made within the applicable time period prescribed for such filing
by Rule 424.

 

(m) Approval
for Listing. The Placement Shares shall either have been (i) approved for listing on Exchange, subject only to notice of issuance,
or (ii) the Company shall have filed a notification of listing of additional shares with respect to the Placement Shares on Exchange
at, or prior to, the issuance of any Placement Notice.

 

(n) No
Termination Event. There shall not have occurred any event that would permit HCW to terminate this Agreement pursuant to Section
11(a).

 

9.       Indemnification
and Contribution.

 

(a) Company
Indemnification. The Company agrees to indemnify and hold harmless HCW, the directors, officers, partners, employees and agents
of HCW and each person, if any, who (i) controls HCW within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act, or (ii) is controlled by or is under common control with HCW (a “HCW Affiliate”) from
and against any and all losses, claims, liabilities, expenses and damages (including, but not limited to, any and all reasonable
investigative, legal and other expenses incurred in connection with, and any and all amounts paid in settlement (in accordance
with Section 9(c)) of, any action, suit or proceeding between any of the indemnified parties or between any indemnified
party and any third party, or otherwise, or any claim asserted), as and when incurred, to which HCW, or any such person, may become
subject under the Securities Act, the Exchange Act or other federal or state statutory law or regulation, at common law or otherwise,
insofar as such losses, claims, liabilities, expenses or damages arise out of or are based, directly or indirectly, on (x) any
untrue statement or alleged untrue statement of a material fact contained in the Registration Statement or the Prospectus or any
amendment or supplement to the Registration Statement or the Prospectus or in any free writing prospectus or based on written
information furnished by or on behalf of the Company filed in any jurisdiction in order to qualify the Common Stock under the
securities laws thereof or filed with the Commission, (y) the omission or alleged omission to state in any such document a material
fact required to be stated in it or necessary to make the statements in it, not misleading; provided, however, that
this indemnity agreement shall not apply to the extent that such loss, claim, liability, expense or damage arises from the sale
of the Placement Shares pursuant to this Agreement and is caused directly or indirectly by an untrue statement or omission or
alleged untrue statement or omission made in reliance upon and in conformity with information relating to HCW and furnished to
the Company in writing by HCW expressly for use therein. This indemnity agreement will be in addition to any liability that the
Company might otherwise have.

 

    	 	- 23 -	 

     

    

 

HCW
Indemnification. HCW agrees to indemnify and hold harmless the Company and its directors and each officer of the Company that
signed the Registration Statement, and each person, if any, who (i) controls the Company within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act or (ii) is controlled by or is under common control with the Company against
any and all loss, liability, claim, damage and expense described in the indemnity contained in Section 9(a), as incurred,
but only with respect to untrue statements or omissions, or alleged untrue statements or omissions, made in the Registration Statement
(or any amendments thereto) or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with
information relating to HCW and furnished to the Company in writing by HCW expressly for use therein.

 

(b) Procedure.
Any party that proposes to assert the right to be indemnified under this Section 9 will, promptly after receipt of notice
of commencement of any action against such party in respect of which a claim is to be made against an indemnifying party or parties
under this Section 9, notify each such indemnifying party of the commencement of such action, enclosing a copy of all papers
served, but the omission so to notify such indemnifying party will not relieve the indemnifying party from (i) any liability that
it might have to any indemnified party otherwise than under this Section 9 and (ii) any liability that it may have to any
indemnified party under the foregoing provision of this Section 9 unless, and only to the extent that, such omission results
in the forfeiture of substantive rights or defenses by the indemnifying party. If any such action is brought against any indemnified
party and it notifies the indemnifying party of its commencement, the indemnifying party will be entitled to participate in and,
to the extent that it elects by delivering written notice to the indemnified party promptly after receiving notice of the commencement
of the action from the indemnified party, jointly with any other indemnifying party similarly notified, to assume the defense
of the action, with counsel reasonably satisfactory to the indemnified party, and after notice from the indemnifying party to
the indemnified party of its election to assume the defense, the indemnifying party will not be liable to the indemnified party
for any legal or other expenses except as provided below and except for the reasonable costs of investigation subsequently incurred
by the indemnified party in connection with the defense. The indemnified party will have the right to employ its own counsel in
any such action, but the fees, expenses and other charges of such counsel will be at the expense of such indemnified party unless
(1) the employment of counsel by the indemnified party has been authorized in writing by the indemnifying party, (2) the indemnified
party has reasonably concluded (based on advice of counsel) that there may be legal defenses available to it or other indemnified
parties that are different from or in addition to those available to the indemnifying party, (3) a conflict or potential conflict
of interest exists (based on advice of counsel to the indemnified party) between the indemnified party and the indemnifying party
(in which case the indemnifying party will not have the right to direct the defense of such action on behalf of the indemnified
party) or (4) the indemnifying party has not in fact employed counsel to assume the defense of such action within a reasonable
time after receiving notice of the commencement of the action, in each of which cases the reasonable fees and documented out-of-pocket
disbursements and other charges of counsel will be at the expense of the indemnifying party or parties. It is understood that
the indemnifying party or parties shall not, in connection with any proceeding or related proceedings in the same jurisdiction,
be liable for the reasonable fees, disbursements and other charges of more than one separate firm admitted to practice in such
jurisdiction at any one time for all such indemnified party or parties. All such reasonable fees and documented out-of-pocket
disbursements and other charges will be promptly reimbursed by the indemnifying party following the receipt of reasonably detailed
documentation with respect to such fees, disbursements and other charges. An indemnifying party will not, in any event, be liable
for any settlement of any action or claim effected without its written consent. No indemnifying party shall, without the prior
written consent of each indemnified party, settle or compromise or consent to the entry of any judgment in any pending or threatened
claim, action or proceeding relating to the matters contemplated by this Section 9 (whether or not any indemnified party
is a party thereto), unless such settlement, compromise or consent (i) includes an unconditional release of each indemnified party
from all liability arising or that may arise out of such claim, action or proceeding and (ii) does not include any statement or
admission as to fault, culpability or a failure to act on the part of any indemnified party.

 

    	 	- 24 -	 

     

    

 

(c) Contribution.
In order to provide for just and equitable contribution in circumstances in which the indemnification provided for in the foregoing
paragraphs of this Section 9 is applicable in accordance with its terms but for any reason is held to be unavailable from
the Company or HCW, the Company and HCW will contribute to the total losses, claims, liabilities, expenses and damages (including
any investigative, legal and other expenses reasonably incurred in connection with, and any amount paid in settlement of, any
action, suit or proceeding or any claim asserted, but after deducting any contribution received by the Company from persons other
than HCW, such as persons who control the Company within the meaning of the Securities Act, officers of the Company who signed
the Registration Statement and directors of the Company, who also may be liable for contribution) to which the Company and HCW
may be subject in such proportion as shall be appropriate to reflect the relative benefits received by the Company on the one
hand and HCW on the other hand. The relative benefits received by the Company on the one hand and HCW on the other hand shall
be deemed to be in the same proportion as the total Net Proceeds from the sale of the Placement Shares (before deducting expenses)
received by the Company bear to the total compensation received by HCW (before deducting expenses) from the sale of Placement
Shares on behalf of the Company. If, but only if, the allocation provided by the foregoing sentence is not permitted by applicable
law, the allocation of contribution shall be made in such proportion as is appropriate to reflect not only the relative benefits
referred to in the foregoing sentence but also the relative fault of the Company, on the one hand, and HCW, on the other, with
respect to the statements or omission that resulted in such loss, claim, liability, expense or damage, or action in respect thereof,
as well as any other relevant equitable considerations with respect to such offering. Such relative fault shall be determined
by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact relates to information supplied by the Company or HCW, the intent of the parties and their relative
knowledge, access to information and opportunity to correct or prevent such statement or omission. The Company and HCW agree that
it would not be just and equitable if contributions pursuant to this Section 9(c) were to be determined by pro rata allocation
or by any other method of allocation that does not take into account the equitable considerations referred to herein. The amount
paid or payable by an indemnified party as a result of the loss, claim, liability, expense, or damage, or action in respect thereof,
referred to above in this Section 9(c) shall be deemed to include, for the purpose of this Section 9(c), any legal
or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any such action
or claim to the extent consistent with Section 9(b) hereof. Notwithstanding the foregoing provisions of this Section
9(c), HCW shall not be required to contribute any amount in excess of the commissions received by it under this Agreement
and no person found guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) will be
entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. For purposes of this Section
9(c), any person who controls a party to this Agreement within the meaning of the Securities Act, and any officers, directors,
partners, employees or agents of HCW, will have the same rights to contribution as that party, and each officer of the Company
who signed the Registration Statement will have the same rights to contribution as the Company, subject in each case to the provisions
hereof. Any party entitled to contribution, promptly after receipt of notice of commencement of any action against such party
in respect of which a claim for contribution may be made under this Section 9(c), will notify any such party or parties
from whom contribution may be sought, but the omission to so notify will not relieve that party or parties from whom contribution
may be sought from any other obligation it or they may have under this Section 9(c) except to the extent that the failure
to so notify such other party materially prejudiced the substantive rights or defenses of the party from whom contribution is
sought. Except for a settlement entered into pursuant to the last sentence of Section 9(b) hereof, no party will be liable
for contribution with respect to any action or claim settled without its written consent if such consent is required pursuant
to Section 9(b) hereof.

 

10.     Representations
and Agreements to Survive Delivery. The indemnity and contribution agreements contained in Section 9 of this Agreement
and all representations and warranties of the Company herein or in certificates delivered pursuant hereto shall survive, as of
their respective dates, regardless of (i) any investigation made by or on behalf of HCW, any controlling persons, or the Company
(or any of their respective officers, directors or controlling persons), (ii) delivery and acceptance of the Placement Shares
and payment therefor or (iii) any termination of this Agreement.

 

11.     Termination.

 

(a) HCW
shall have the right by giving written notice as hereinafter specified at any time to terminate this Agreement if (i) since the
date of this Agreement, any Material Adverse Change, or any development that would reasonably be expected to result in a Material
Adverse Change has occurred that, in the reasonable judgment of HCW, may materially impair the ability of HCW to sell the Placement
Shares hereunder, (ii) the Company shall have failed, refused or been unable to perform any agreement on its part to be performed
hereunder (through no fault of HCW); provided, however, in the case of any failure of the Company to deliver (or cause
another person to deliver) any certification, opinion, or letter required under Sections 7(m), 7(n), or 7(o),
HCW’s right to terminate shall not arise unless such failure to deliver (or cause to be delivered) continues for more than
thirty (30) days from the date such delivery was required; (iii) any other condition of HCW’s obligations hereunder
is not fulfilled; or (iv), any suspension of trading in the Common Stock shall have occurred. Any such termination shall be without
liability of any party to any other party except that the provisions of Section 7(g) (Expenses), Section 9 (Indemnification
and Contribution), Section 10 (Representations and Agreements to Survive Delivery), Section 16 (Applicable Law;
Consent to Jurisdiction) and Section 17 (Waiver of Jury Trial) hereof shall remain in full force and effect notwithstanding
such termination. If HCW elects to terminate this Agreement as provided in this Section 11(a), HCW shall provide the required
written notice as specified in Section 12 (Notices).

 

    	 	- 25 -	 

     

    

 

(b) The
Company shall have the right, by giving five (5) days’ notice as hereinafter specified to terminate this Agreement in its
sole discretion at any time after the date of this Agreement. Any such termination shall be without liability of any party
to any other party except that the provisions of Section 7(g), Section 9, Section 10, Section 16 and Section 17 hereof shall remain
in full force and effect notwithstanding such termination.

 

(c) HCW
shall have the right, by giving ten (10) days’ notice as hereinafter specified to terminate this Agreement in its sole discretion
at any time after the date of this Agreement. Any such termination shall be without liability of any party to any other
party except that the provisions of Section 7(g), Section 9, Section 10, Section 16 and Section 17 hereof shall remain in full
force and effect notwithstanding such termination.

 

(d) Unless
earlier terminated pursuant to this Section 11, this Agreement shall automatically terminate upon the issuance and sale
of all of the Placement Shares through HCW on the terms and subject to the conditions set forth herein; provided that the
provisions of Section 7(g), Section 9, Section 10, Section 16 and Section 17 hereof shall remain
in full force and effect notwithstanding such termination.

 

(e) This
Agreement shall remain in full force and effect unless terminated pursuant to Sections 11(a), (b), (c), or (d)
above or otherwise by mutual agreement of the parties; provided, however, that any such termination by mutual agreement
shall in all cases be deemed to provide that Section 7(g), Section 9, Section 10, Section 16 and Section
17 shall remain in full force and effect.

 

(f) Any
termination of this Agreement shall be effective on the date specified in such notice of termination; provided, however,
that such termination shall not be effective until the close of business on the date of receipt of such notice by HCW or the Company,
as the case may be. If such termination shall occur prior to the Settlement Date for any sale of Placement Shares, such Placement
Shares shall settle in accordance with the provisions of this Agreement.

 

12.     Notices. All notices or other communications required or permitted to be given by any party to any other party pursuant
to the terms of this Agreement shall be in writing, unless otherwise specified in this Agreement, and if sent to HCW, shall be
delivered to HCW at H.C. Wainwright & Co. LLC, 430 Park Avenue, New York, NY 10022, email: atm@hcwco.com, Attention:
Head of Investment Banking with a copy to Duane Morris LLP, 1037 Raymond Boulevard, Newark, NJ 07102,
attention: Dean M. Colucci, e-mail dmcolucci@duanemorris.com; or if sent to the Company, shall be delivered to MYOS RENS
Technology Inc., 45 Horsehill Road, Suite 106, Cedar Knolls, NJ 07927, attention: Joseph Mannello, e-mail: JMannello@myoscorp.com,
with a copy to Ellenoff Grossman & Schole LLP, 1345 Avenue of the Americas, New York, NY 10105, attention: Stuart Neuhauser
Esq., e-mail: sneuhauser@egsllp.com, and Joshua Englard Esq., email: jenglard@egsllp.com.
Each party to this Agreement may change such address for notices by sending to the parties to this Agreement written
notice of a new address for such purpose. Each such notice or other communication shall be deemed given (i) when delivered personally,
by email or by verifiable facsimile transmission (with an original to follow) on or before 4:30 p.m., New York City time, on a
Business Day (as defined below), or, if such day is not a Business Day on the next succeeding Business Day, (ii) on the next Business
Day after timely delivery to a nationally-recognized overnight courier, (iii) on the Business Day actually received if deposited
in the U.S. mail (certified or registered mail, return receipt requested, postage prepaid) and (iv) if sent by e-mail, on the
Business Day on which receipt is confirmed by the individual to whom the notice is sent, other than via auto-reply. For purposes
of this Agreement, “Business Day” shall mean any day on which the Exchange and commercial banks in the
City of New York are open for business.

 

    	 	- 26 -	 

     

    

 

An
electronic communication (“Electronic Notice”) shall be deemed written notice for purpose of this Section
11 if sent to the electronic mail address specified by the receiving party under separate cover. Electronic Notice shall be deemed
to be received at the time the party sending Electronic Notice receives confirmation of receipt by the receiving party. Any party
receiving Electronic Notice may request and shall be entitled to receive the notice on paper, in a non-electronic form (“Non-electronic
Notice”) which shall be sent to the requesting party within ten (10) days of receipt of the written request for
Non-electronic Notice.

 

13.     Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the Company and HCW and their respective successors
and the affiliates, controlling persons, officers and directors referred to in Section 9 hereof. References to any of the
parties contained in this Agreement shall be deemed to include the successors and permitted assigns of such party. Nothing in
this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or their respective successors
and permitted assigns any rights, remedies, obligations or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement. Neither party may assign its rights or obligations under this Agreement without the prior written
consent of the other party.

 

14.     Adjustments
for Share Splits. The parties acknowledge and agree that all share-related numbers contained in this Agreement shall be adjusted
to take into account any share split, share dividend or similar event effected with respect to the Common Stock occurring after
the date hereof.

 

15.     Entire
Agreement; Amendment; Severability. This Agreement (including all schedules and exhibits attached hereto and Placement Notices
issued pursuant hereto) constitutes the entire agreement and supersedes all other prior and contemporaneous agreements and undertakings,
both written and oral, among the parties hereto with regard to the subject matter hereof. Neither this Agreement nor any term
hereof may be amended except pursuant to a written instrument executed by the Company and HCW. In the event that any one or more
of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable
as written by a court of competent jurisdiction, then such provision shall be given full force and effect to the fullest possible
extent that it is valid, legal and enforceable, and the remainder of the terms and provisions herein shall be construed as if
such invalid, illegal or unenforceable term or provision was not contained herein, but only to the extent that giving effect to
such provision and the remainder of the terms and provisions hereof shall be in accordance with the intent of the parties as reflected
in this Agreement.

 

    	 	- 27 -	 

     

    

 

16.     Applicable
Law; Consent to Jurisdiction. This Agreement shall be governed by, and construed in accordance with, the internal laws of
the State of New York without regard to the principles of conflicts of laws. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting in the City of New York, borough of Manhattan, for the adjudication of any
dispute hereunder or in connection with any transaction contemplated hereby, and hereby irrevocably waives, and agrees not to
assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that
such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper.
Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof (certified or registered mail, return receipt requested) to such party at the address
in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of
process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner
permitted by law.

 

17.     Waiver
of Jury Trial. The Company and HCW each hereby irrevocably waives any right it may have to a trial by jury in respect of any
claim based upon or arising out of this Agreement or any transaction contemplated hereby.

 

18.     Absence
of Fiduciary Relationship. The Company acknowledges and agrees that:

 

(a) HCW
has been retained solely to act as sales agent in connection with the sale of the Placement Shares and that no fiduciary relationship
between the Company and HCW has been created in respect of any of the transactions contemplated by this Agreement, irrespective
of whether HCW has advised or is advising the Company on other matters;

 

(b) the
Company is capable of evaluating and understanding and understands and accepts the terms, risks and conditions of the transactions
contemplated by this Agreement;

 

(c) the
Company has been advised that HCW and its affiliates are engaged in a broad range of transactions which may involve interests
that differ from those of the Company and that HCW has no obligation to disclose such interests and transactions to the Company
by virtue of any fiduciary, advisory or agency relationship; and

 

(d) the
Company waives, to the fullest extent permitted by law, any claims it may have against HCW, for breach of fiduciary duty or alleged
breach of fiduciary duty in connection with the sale of Placement Shares under this Agreement, and agrees that HCW shall have
no liability (whether direct or indirect) to the Company in respect of such a fiduciary claim.

 

19.     Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. Delivery of an executed Agreement by one party to the other may be made by facsimile
or other electronic transmission.

 

[Remainder
of Page Intentionally Blank]

 

    	 	- 28 -	 

     

    

 

If
the foregoing correctly sets forth the understanding between the Company and HCW, please so indicate in the space provided below
for that purpose, whereupon this letter shall constitute a binding agreement between the Company and HCW.

 

	 	Very truly yours,
	 	 
	 	MYOS RENS TECHNOLOGIES INC.
	 	 
	 	By:	                         
	 	Name:  	 
	 	Title: 	 
	 	 	 
	 	ACCEPTED as of the date
	 	first-above written:
	 	 
	 	H.C. WAINWRIGHT & CO., LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

SCHEDULE
1

 

form
of PLACEMENT NOTICE

 

	From:	MYOS
    RENS Technology Inc.
	To:	H.C.
    Wainwright & Co., LLC
	Subject:	At
    the Market Offering—Placement Notice
	Date:	_______________,
    20___

 

Gentlemen:

 

Pursuant
to the terms and subject to the conditions contained in the Sales Agreement between MYOS RENS Technology Inc. (the “Company”),
and H.C. Wainwright & Co., LLC (“HCW”) dated February 21, 2017 (the “Agreement”), I
hereby request on behalf of the Company that HCW sell up to [ ] shares of the Company’s common stock, par value $0.001 per
share, at a minimum market price of $_______ per share. Sales should begin on the date of this Notice and shall continue until
[DATE] [all shares are sold][the aggregate sales price of the shares reaches $[  ]].

 

     

     

    

 

SCHEDULE
2

 

Notice
Parties

 

	The
    Company	 
	 	 
	Joseph
    Mannello	JMannello@myoscorp.com
	 	 
	HCW	 
	 	 
	Michael
    Vasinkevich	mv@hcwco.com
	 	 
	Craig
    Schwabe	cs@hcwco.com
	 	 
	Peter
    Fry	pfry@hcwco.com
	 	 
	Charles
    Worthman	csworthman@hcwco.com
	 	 
	Norman
    Yun	nyun@hcwco.com

 

With
a copy to atm@hcwco.com

 

     

     

    

 

SCHEDULE
3

 

Compensation

 

HCW
shall be paid compensation equal to 3.0% of the gross proceeds from the sales of Placement Shares pursuant to the terms of this
Agreement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     

     

    

 

Exhibit
7(m) 

 

OFFICER
CERTIFICATE

 

The
undersigned, the duly qualified and elected _______________________, of MYOS RENS Technology Inc. (“Company”),
a Delaware corporation, does hereby certify in such capacity and on behalf of the Company, pursuant to Section 7(m) of
the Sales Agreement dated February ____, 2017 (the “Sales Agreement”) between the Company and H.C. Wainwright
& Co., LLC, that to the best of the knowledge of the undersigned:

 

(i)       The
representations and warranties of the Company in Section 6 of the Sales Agreement (A) to the extent such representations
and warranties are subject to qualifications and exceptions contained therein relating to materiality or Material Adverse Change,
are true and correct on and as of the date hereof with the same force and effect as if expressly made on and as of the date hereof,
except for those representations and warranties that speak solely as of a specific date and which were true and correct as of
such date, and (B) to the extent such representations and warranties are not subject to any qualifications or exceptions, are
true and correct in all material respects as of the date hereof as if made on and as of the date hereof with the same force and
effect as if expressly made on and as of the date hereof except for those representations and warranties that speak solely as
of a specific date and which were true and correct as of such date; and

 

(ii)       The
Company has complied with all agreements and satisfied all conditions on its part to be performed or satisfied pursuant to the
Sales Agreement at or prior to the date hereof.

 

Capitalized
terms used but not defined herein shall have the meanings ascribed to them in the Sales Agreement.

 

	 	MYOS
    RENS TECHNOLOGY INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Date:_________________

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