Document:

Exhibit 4.7

 

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES
LAWS OF ANY STATE AND, EXCEPT AS SET FORTH IN SECTIONS 5.3 AND 5.4 BELOW, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED
UNLESS AND UNTIL REGISTERED UNDER SAID ACT AND LAWS OR, IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE
ISSUER, SUCH OFFER, SALE, PLEDGE OR OTHER TRANSFER IS EXEMPT FROM SUCH REGISTRATION.

 

WARRANT TO PURCHASE STOCK

 

Company:
908 Devices Inc., a Delaware corporation

Number of Shares: 70,983, subject to adjustment

Type/Series of Stock: Series D Participating Convertible Preferred Stock, $0.001 par value per share

Warrant Price: $5.6351 per Share, subject to adjustment

Issue Date: September 7, 2018

Expiration Date: September 7, 2028

 

WHEREAS, the Company
has entered into a Lease for the premises located at 645 Summer Street, Boston, MA 02210 (the “Lease”),
dated as of January 2, 2018, with Boston Harbor Industrial Development LLC, a Delaware limited liability company and related to
the Lease, the Company will issue a warrant to purchase stock to PEI Investments, LLC, a Delaware limited liability company (together
with any successor or permitted assignee or transferee of this Warrant (as defined below) or of any shares issued upon exercise
hereof, “Holder”);

 

WHEREAS, the Company
desires to grant to Holder, in consideration for, among other things, the accommodations provided for in the Lease, the right to
purchase shares of Preferred Stock (as defined below) pursuant to this Warrant to Purchase Stock (the “Warrant”);

 

NOW, THEREFORE, for
good and valuable consideration, including Holder’s execution and delivery of the Lease and providing the financial accommodations
contemplated therein, and in consideration of the mutual covenants and agreements contained herein, the Company and Holder agree
that Holder is entitled to purchase the number of fully paid and non-assessable shares (the “Shares”)
of the above-stated Type/Series of Stock (the “Class”) of the above-named company (the “Company”)
at the above-stated Warrant Price, all as set forth above and as adjusted pursuant to Section 2 of this Warrant, subject to the
provisions and upon the terms and conditions set forth in this Warrant.

 

Section
1.     EXERCISE.

 

1.1          Method of Exercise. Holder may at any time and from time to time exercise this Warrant, in whole or in part, by delivering
to the Company the original of this Warrant together with a duly executed Notice of Exercise in substantially the form attached
hereto as Appendix 1 and, unless Holder is exercising this Warrant pursuant to a cashless exercise set forth in Section 1.5, a
check, wire transfer of same-day funds (to an account designated by the Company), or other form of payment acceptable to the Company
for the aggregate Warrant Price for the Shares being purchased.

 

    

     

    

 

1.2          Fair Market Value. If the Company’s common stock is then traded or quoted on a nationally recognized securities
exchange, inter-dealer quotation system or over-the- counter market (a “Trading Market”) and the Class
is common stock, the fair market value of a Share shall be the closing price or last sale price of a share of common stock reported
for the Business Day immediately before the date on which Holder delivers this Warrant together with its Notice of Exercise to
the Company. If the Company’s common stock is then traded in a Trading Market and the Class is a series of the Company’s
convertible preferred stock, the fair market value of a Share shall be the closing price or last sale price of a share of the Company’s
common stock reported for the Business Day immediately before the date on which Holder delivers this Warrant together with its
Notice of Exercise to the Company multiplied by the number of shares of the Company’s common stock into which a Share is
then convertible. If the Company’s common stock is not traded in a Trading Market, the Board of Directors of the Company
shall determine the fair market value of a Share in its reasonable good faith judgment.

 

1.3          Delivery of Certificate and New Warrant. Within a reasonable time after Holder exercises this Warrant in the manner
set forth in Section 1.1 above, the Company shall deliver to Holder a certificate representing the Shares issued to Holder upon
such exercise and, if this Warrant has not been fully exercised and has not expired, a new warrant of like tenor representing the
Shares not so acquired.

 

1.4          Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably
satisfactory in form, substance and amount to the Company or, in the case of mutilation, on surrender of this Warrant to the Company
for cancellation, the Company shall, within a reasonable time, execute and deliver to Holder, in lieu of this Warrant, a new warrant
of like tenor and amount.

 

1.5          Treatment of Warrant Upon Acquisition of Company.

 

(a)         Acquisition. For the purpose of this Warrant, “Acquisition” means any transaction or series
of related transactions involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of
the assets of the Company (ii) any merger or consolidation of the Company into or with another person or entity (other than a merger
or consolidation effected exclusively to change the Company’s domicile), or any other corporate reorganization, in which
the stockholders of the Company in their capacity as such immediately prior to such merger, consolidation or reorganization, own
less than a majority of the Company’s (or the surviving or successor entity’s) outstanding voting power immediately
after such merger, consolidation or reorganization (or, if such Company stockholders beneficially own a majority of the outstanding
voting power of the surviving or successor entity as of immediately after such merger, consolidation or reorganization, such surviving
or successor entity is not the Company); or (iii) any sale or other transfer by the stockholders of the Company of shares representing
at least a majority of the Company’s then-total outstanding combined voting power.

 

    

     

    

 

(b)        Treatment of Warrant at Acquisition. In the event of an Acquisition in which the consideration to be received by
the Company’s stockholders consists solely of cash, solely of Marketable Securities or a combination of cash and Marketable
Securities (a “Cash/Public Acquisition”), and the fair market value of one Share as determined in accordance
with Section 1.2 above would be greater than the Warrant Price in effect on such date immediately prior to such Cash/Public Acquisition,
and Holder has not exercised this Warrant pursuant to Section 1.1 above as to all Shares, then this Warrant shall automatically
be deemed to be exercised such that Holder shall be deemed to have received Shares, effective immediately prior to and contingent
upon the consummation of a Cash/Public Acquisition, equal to the value of this Warrant, or such portion of this Warrant then outstanding,
as determined in accordance with this Section 1.5(b). In connection with such exercise, Holder shall be deemed to have restated
each of the representations and warranties in Section 4 of the Warrant as the date thereof and the Company shall promptly notify
the Holder of the number of Shares (or such other securities) deemed issued upon exercise. In the event of a Cash/Public Acquisition
where the fair market value of one Share as determined in accordance with Section 1.2 above would be less than the Warrant Price
in effect immediately prior to such Cash/Public Acquisition, then this Warrant will expire immediately prior to the consummation
of such Cash/Public Acquisition. For purposes of this Section 1.5(b), upon exercise the Company shall be deemed to have issued
to the Holder such number of fully paid and non-assessable Shares as are computed using the following formula:

 

X =  Y(A-B)/A

 

where:

 

 X =  the number of Shares to be issued to the Holder;

 

 Y =  the number of Shares with respect to which this Warrant is being exercised (inclusive of the Shares surrendered to the Company in payment of the aggregate Warrant Price);

 

 A =  the Fair Market Value (as determined pursuant to Section 1.2 above) of one Share; and

 

 B =  the Warrant Price.

 

(c)          Upon the closing of any Acquisition other than a Cash/Public Acquisition, the acquiring, surviving or successor entity shall
assume the obligations of this Warrant, and this Warrant shall thereafter be exercisable for the same securities and/or other property
as would have been paid for the Shares issuable upon exercise of the unexercised portion of this Warrant as if such Shares were
outstanding on and as of the closing of such Acquisition, subject to further adjustment from time to time in accordance with the
provisions of this Warrant.

 

    

     

    

 

(d)          As used in this Warrant, “Marketable Securities” means securities meeting all of the following
requirements: (i) the issuer thereof is then subject to the reporting requirements of Section 13 or Section 15(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and is then current in its filing of all required
reports and other information under the Act and the Exchange Act; (ii) the class and series of shares or other security of the
issuer that would be received by Holder in connection with the Acquisition were Holder to exercise this Warrant on or prior to
the closing thereof is then traded in Trading Market, and (iii) following the closing of such Acquisition, Holder would not be
restricted from publicly re-selling all of the issuer’s shares and/or other securities that would be received by Holder in
such Acquisition were Holder to exercise this Warrant in full on or prior to the closing of such Acquisition, except to the extent
that any such restriction (x) arises solely under federal or state securities laws, rules or regulations, and (y) does not extend
beyond six (6) months from the closing of such Acquisition.

 

1.6          Stockholders Agreement. Upon any exercise of this Warrant, Holder shall, if the Company so requests in writing, become
a party (of the same type as the other holders of outstanding shares of the Class who are parties thereto) to, by execution and
delivery to the Company of a counterpart signature page, joinder agreement, instrument of accession or similar instrument, that
certain Third Amended and Restated Stockholders Agreement dated March 2, 2017 among the Company and the other parties named therein
(as amended and in effect from time to time, the “Stockholder Agreement”) solely with respect to the
Shares issued upon such exercise (and the shares of Common Stock, if any, issued upon conversion of such Shares), solely to the
extent that all holders of outstanding shares of the Class are then parties thereto, and solely to the extent such agreement is
then by its terms in force and effect.

 

Section
2.      ADJUSTMENTS TO THE SHARES AND WARRANT PRICE.

 

2.1          Stock Dividends, Splits, Etc. If the Company declares or pays a dividend or distribution on the outstanding shares
of the Class payable in common stock or other securities or property (other than cash), then upon exercise of this Warrant, for
each Share acquired, Holder shall receive, without additional cost to Holder, the total number and kind of securities and property
which Holder would have received had Holder owned the Shares of record as of the date the dividend or distribution occurred. If
the Company subdivides the outstanding shares of the Class by reclassification or otherwise into a greater number of shares, the
number of Shares purchasable hereunder shall be proportionately increased and the Warrant Price shall be proportionately decreased.
If the outstanding shares of the Class are combined or consolidated, by reclassification or otherwise, into a lesser number of
shares, the Warrant Price shall be proportionately increased and the number of Shares shall be proportionately decreased.

 

2.2          Reclassification, Exchange, Combinations or Substitution. Upon any event whereby all of the outstanding shares of
the Class are reclassified, exchanged, combined, substituted, or replaced for, into, with or by Company securities of a different
class and/or series, then from and after the consummation of such event, this Warrant will be exercisable for the number, class
and series of Company securities that Holder would have received had the Shares been outstanding on and as of the consummation
of such event, and subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.
The provisions of this Section 2.2 shall similarly apply to successive reclassifications, exchanges, combinations substitutions,
replacements or other similar events.

 

2.3          Conversion of Preferred Stock. If the Class is a class and series of the Company’s convertible preferred stock,
in the event that all outstanding shares of the Class are converted, automatically or by action of the holders thereof, into common
stock pursuant to the provisions of the Company’s Certificate of Incorporation, as amended and in effect from time to time
(the “Charter”), including, without limitation, in connection with the Company’s initial, underwritten
public offering and sale of its common stock pursuant to an effective registration statement under the Act (the “IPO”),
then from and after the date on which all outstanding shares of the Class have been so converted, this Warrant shall be exercisable
for such number of shares of common stock into which the Shares would have been converted had the Shares been outstanding on the
date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of immediately prior to such conversion
divided by the number of shares of common stock into which one Share would have been converted, all subject to further adjustment
thereafter from time to time in accordance with the provisions of this Warrant.

 

    

     

    

 

2.4          Adjustments for Diluting Issuances. Without duplication of any adjustment otherwise provided for in this Section
2, the number of shares of common stock issuable upon conversion of the Shares shall be subject to anti-dilution adjustment from
time to time in the manner set forth in the Charter as if the Shares were issued and outstanding on and as of the date of any such
required adjustment (and subject to waiver by the required holders of the outstanding shares of the Class in accordance with the
Charter).

 

2.5          No Fractional Share. No fractional Share shall be issuable upon exercise of this Warrant and the number of Shares
to be issued shall be rounded down to the nearest whole Share. If a fractional Share interest arises upon any exercise of the Warrant,
the Company shall eliminate such fractional Share interest by paying Holder in cash the amount computed by multiplying the fractional
interest by (i) the fair market value (as determined in accordance with Section 1.2 above) of a full Share, less (ii) the then-effective
Warrant Price.

 

2.6          Notice/Certificate as to Adjustments. Upon each adjustment of the Warrant Price, Class and/or number of Shares, the
Company, at the Company’s expense, shall notify Holder in writing within a reasonable time setting forth the adjustments
to the Warrant Price, Class and/or number of Shares and facts upon which such adjustment is based. The Company shall, upon written
request from Holder, furnish Holder with a certificate of its Chief Executive Officer or Chief Financial Officer, including computations
of such adjustment and the Warrant Price, Class and number of Shares in effect upon the date of such adjustment. Notwithstanding
the foregoing provisions of this Section 2.6, in the event of an adjustment pursuant to Section 2.3, the Company shall only be
required to provide Holder with such notices as are required to be delivered to holders of the outstanding shares of the Class
pursuant to the Charter regarding anti-dilution protection as and when required thereunder.

 

Section
3.      REPRESENTATIONS AND COVENANTS OF THE COMPANY.

 

3.1          Representations and Warranties. The Company represents and warrants to, and agrees with, the Holder as follows:

 

(a)         The initial Warrant Price referenced on the first page of this Warrant is not greater than the price per share at which
shares of the Class were last sold and issued prior to the Issue Date hereof in an arms-length transaction.

 

    

     

    

 

(b)         All Shares which may be issued upon the exercise of this Warrant, and all securities, if any, issuable upon conversion of
the Shares, shall, upon issuance, be duly authorized, validly issued, fully paid and non-assessable, and free of any liens and
encumbrances except for restrictions on transfer provided for herein, under the Stockholders Agreement or under applicable federal
and state securities laws. The Company covenants that it shall at all times cause to be reserved and kept available out of its
authorized and unissued capital stock such number of shares of the Class, common stock and other securities as will be sufficient
to permit the exercise in full of this Warrant and the conversion of the Shares into common stock or such other securities.

 

3.2          Notice of Certain Events. If the Company proposes at any time to:

 

(a)          declare any dividend or distribution upon the outstanding shares of the Class or common stock, whether in cash, property,
stock, or other securities and whether or not a regular cash dividend;

 

(b)          offer for subscription or sale pro rata to the holders of the outstanding shares of the Class any additional shares of any
class or series of the Company’s stock (other than pursuant to contractual pre-emptive rights);

 

(c)          effect any reclassification, exchange, combination, substitution, reorganization or recapitalization of the outstanding
shares of the Class;

 

(d)          effect an Acquisition or to liquidate, dissolve or wind up; or

 

(e)          effect an IPO; then, in connection with each such event, the Company shall give Holder:

 

(1)              
in the case of the matters referred to in (a) and (b) above, at least seven (7) Business Days prior written notice of the
earlier to occur of the effective date thereof or the date on which a record will be taken for such dividend, distribution, or
subscription rights (and specifying the date on which the holders of outstanding shares of the Class will be entitled thereto)
or for determining rights to vote, if any;

 

(2)              
in the case of the matters referred to in (c) and (d) above at least seven (7) Business Days prior written notice of the
date when the same will take place (and specifying the date on which the holders of outstanding shares of the Class will be entitled
to exchange their shares for the securities or other property deliverable upon the occurrence of such event and such reasonable
information as Holder may reasonably require regarding the treatment of this Warrant in connection with such event giving rise
to the notice); and

 

(3)             
with respect to the IPO, at least seven (7) Business Days prior written notice of the date on which the Company proposes
to file its registration statement in connection therewith.

 

    

     

    

 

Section
4.      REPRESENTATIONS, WARRANTIES OF THE HOLDER.

 

The Holder represents
and warrants to the Company as follows:

 

4.1          Purchase for Own Account. This Warrant and the securities to be acquired upon exercise of this Warrant by Holder
are being acquired for investment for Holder’s account, not as a nominee or agent, and not with a view to the public resale
or distribution within the meaning of the Act. Holder also represents that it has not been formed for the specific purpose of acquiring
this Warrant or the Shares.

 

4.2          Disclosure of Information. Holder is aware of the Company’s business affairs and financial condition and has
received or has had full access to all the information it considers necessary or appropriate to make an informed investment decision
with respect to the acquisition of this Warrant and its underlying securities. Holder further has had an opportunity to ask questions
and receive answers from the Company regarding the terms and conditions of the offering of this Warrant and its underlying securities
and to obtain additional information (to the extent the Company possessed such information or could acquire it without unreasonable
effort or expense) necessary to verify any information furnished to Holder or to which Holder has access.

 

4.3          Investment Experience. Holder understands that the purchase of this Warrant and its underlying securities involves
substantial risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges that
Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has such
knowledge and experience in financial or business matters that Holder is capable of evaluating the merits and risks of its investment
in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with the Company and certain
of its officers, directors or controlling persons of a nature and duration that enables Holder to be aware of the character, business
acumen and financial circumstances of such persons.

 

4.4          Accredited Investor Status. Holder is an “accredited investor” within the meaning of Regulation D promulgated
under the Act.

 

4.5          The Act. Holder understands that this Warrant and the Shares issuable upon exercise hereof have not been registered
under the Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide
nature of the Holder’s investment intent as expressed herein. Holder understands that this Warrant and the Shares issued
upon any exercise hereof must be held indefinitely unless subsequently registered under the Act and qualified under applicable
state securities laws, or unless exemption from such registration and qualification are otherwise available. Holder is aware of
the provisions of Rule 144 promulgated under the Act.

 

4.6          Market Stand-off Agreement. The Holder agrees that the Shares shall be subject to the Market Standoff provisions
in Section 12 of the Company’s Third Amended and Restated Registration Rights Agreement, dated as of March 2, 2017, as amended
and/or restated and in effect from time to time.

 

4.7          No Voting Rights. Holder, as a Holder of this Warrant, will not have any voting rights until the exercise of this
Warrant.

 

    

     

    

 

Section
5.      MISCELLANEOUS.

 

5.1          Term. Subject to the provisions of Section 1.5 above, this Warrant is exercisable in whole or in part at any time
and from time to time on or before 6:00 PM, Pacific time, on the Expiration Date shall be void thereafter.

 

5.2          Legends. Each certificate evidencing Shares (and each certificate evidencing securities issued upon conversion of
any Shares, if any) shall be imprinted with a legend, in addition to any other legend required under the Stockholder Agreement,
in substantially the following form:

 

THE SHARES EVIDENCED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES
LAWS OF ANY STATE AND, EXCEPT AS SET FORTH IN THAT CERTAIN WARRANT TO PURCHASE STOCK ISSUED BY THE ISSUER TO BOSTON HARBOR INDUSTRIAL
LLC ON NOVEMBER __, 2017, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED UNLESS AND UNTIL REGISTERED UNDER SAID ACT
AND LAWS OR, IN THE OPINION OF LEGAL COUNSEL IN FORM AND SUBSTANCE SATISFACTORY TO THE ISSUER, SUCH OFFER, SALE, PLEDGE OR OTHER
TRANSFER IS EXEMPT FROM SUCH REGISTRATION.

 

5.3          Compliance with Securities Laws on Transfer. This Warrant and the Shares issued upon exercise of this Warrant (and
the securities issuable, directly or indirectly, upon conversion of the Shares, if any) may not be transferred or assigned in whole
or in part except in compliance with applicable federal and state securities laws by the transferor and the transferee (including,
without limitation, the delivery of investment representation letters and legal opinions reasonably satisfactory to the Company,
as reasonably requested by the Company). The Company shall not require Holder to provide an opinion of counsel if the transfer
is to an affiliate of Holder, provided that any such transferee is an “accredited investor” as defined in Regulation
D promulgated under the Act. Additionally, the Company shall also not require an opinion of counsel if there is no material question
as to the availability of Rule 144 promulgated under the Act.

 

5.4          Transfer Procedure. Holder may transfer all or part of this Warrant or the Shares issued upon exercise of this Warrant
(or the securities issued upon conversion of the Shares, if any) to any transferee, provided, however, in connection with any such
transfer, Holder will give the Company notice of the portion of the Warrant and/or Shares (and/or securities issued upon conversion
of the Shares, if any) being transferred with the name, address and taxpayer identification number of the transferee and Holder
will surrender this Warrant to the Company for reissuance to the transferee(s) (and Holder if applicable); and provided further,
that any subsequent transferee shall agree in writing with the Company to be bound by all of the terms and conditions of this Warrant;
and provided further, that the transfer of any Shares issued upon exercise hereof shall be subject to the terms and provisions
of the Stockholder Agreement. Notwithstanding any contrary provision herein, at all times prior to the IPO, Holder may not, without
the Company’s prior written consent, transfer this Warrant or any portion hereof, or any Shares issued upon any exercise
hereof, or any shares or other securities issued upon any conversion of any Shares issued upon any exercise hereof, to any person
or entity who directly competes with the Company, except in connection with an Acquisition of the Company by such a direct competitor.

 

    

     

    

 

5.5          Notices. All notices and other communications hereunder from the Company to the Holder, or vice versa, shall be deemed
delivered and effective (i) when given personally, (ii) on the third (3rd) Business Day after being mailed by first-class
registered or certified mail, postage prepaid, (iii) upon actual receipt if given by facsimile or electronic mail and such receipt
is confirmed in writing by the recipient, or (iv) on the first Business Day following delivery to a reliable overnight courier
service, courier fee prepaid, in any case at such address as may have been furnished to the Company or Holder, as the case may
be, in writing by the Company or such Holder from time to time in accordance with the provisions of this Section 5.5. All notices
to Holder shall be addressed as follows until the Company receives notice of a change of address in connection with a transfer
or otherwise:

 

PEI INVESTMENTS, LLC

655 Summer Street

Boston, MA 02210

Attention: Timothy A. Pappas

email: tpappas@papent.com

Telephone: (617) 330-9797

 

With a copy (which shall not constitute
notice) to:

 

BOSTON HARBOR INDUSTRIAL DEVELOPMENT
LLC

655 Summer Street

Boston, MA 02210

 

Notice to the Company
shall be addressed as follows until Holder receives notice of a change in address:

 

908 Devices Inc.

Attn: Chief Financial Officer

645 Summer Street

Boston, MA 02210

Telephone: (857) 254-1500

Email: jgriffith@908devices.com

 

With a copy (which shall not constitute
notice) to:

 

Goodwin Procter LLP

Attn: Mark J. Macenka, Esq.

100 Northern Avenue

Boston, MA 02210

Telephone: (617) 570-1145

Email: mmacenka@goodwinprocter.com

 

    

     

    

 

5.6           Waiver. This Warrant and any term hereof may be changed, waived, discharged or terminated (either generally or in
a particular instance and either retroactively or prospectively) only by an instrument in writing signed by the party against which
enforcement of such change, waiver, discharge or termination is sought.

 

5.7           Attorneys’ Fees. In the event of any dispute between the parties concerning the terms and provisions of this
Warrant, the party prevailing in such dispute shall be entitled to collect from the other party all costs incurred in such dispute,
including reasonable attorneys’ fees.

 

5.8           Counterparts; Facsimile/Electronic Signatures. This Warrant may be executed in counterparts, all of which together
shall constitute one and the same agreement. Any signature page delivered electronically or by facsimile shall be binding to the
same extent as an original signature page with regards to any agreement subject to the terms hereof or any amendment thereto.

 

5.9           Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the State of Delaware,
without giving effect to its principles regarding conflicts of law.

 

5.10         Headings. The headings in this Warrant are for purposes of reference only and shall not limit or otherwise affect
the meaning of any provision of this Warrant.

 

5.11         Business Days. “Business Day” is any day that is not a Saturday, Sunday or a day on which
banking institutions are not required to be open in the Commonwealth of Massachusetts.

 

[Signature page follows]

 

    

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Warrant to Purchase Stock to be executed by their duly authorized representatives effective as of
the Issue Date written above.

 

“COMPANY”

 

908 DEVICES INC.

 

	By:	 	 
	 	 	 
	Name:	 	 
		(Print)	 

 

Title:

 

“HOLDER”

 

PEI INVESTMENTS, LLC

 

	By:	 	 
	 	 	 
	Name:	 	 
		(Print)	 

 

		Title:	

 

    

     

    

 

APPENDIX 1

NOTICE OF EXERCISE

 

1.       The
undersigned Holder hereby exercises its right to purchase ____________ shares of the Common/Series D Preferred [circle one] Stock
of 908 Devices Inc. (the “Company”) in accordance with the attached Warrant To Purchase Stock, and tenders
payment of the aggregate Warrant Price for such shares as follows:

 

 ̈      check
in the amount of $__________payable to order of the Company enclosed herewith

 

 ̈      Wire transfer
of immediately available funds to the Company’s account

 

 ̈      Other
[Describe]

 

2.       Please
issue a certificate or certificates representing the Shares in the name specified below:

 

 

Holder’s
Name

 

 

 

 

(Address)

 

3.       By
its execution below and for the benefit of the Company, Holder hereby restates each of the representations and warranties in Section
4 of the Warrant to Purchase Stock as of the date hereof.

 

	 	HOLDER:
	 	 	 
	 	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	(Date):Exhibit 4.8

 

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE
AND MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN COMPLIANCE WITH APPLICABLE LAW.

 

WARRANT TO PURCHASE STOCK

 

	Company:	908 DEVICES INC. (“Company”)
	Number of Shares:	35,771
	Type/Series of Stock:	Series E Preferred
	Warrant Price:	$6.29 per share
	Issue Date:	August 29, 2019
	Expiration Date:	August 29, 2029
	 	 
	Credit Facility:	This Warrant to Purchase Stock (“Warrant”) is issued in connection with that certain Loan and Security Agreement of even date herewith between Signature Bank and Company (the “Loan Agreement”).

 

THIS WARRANT CERTIFIES
THAT Signature Bank (together with any successor or permitted assignee or transferee of this Warrant or of any shares issued upon
exercise hereof, “Holder”) is entitled to purchase the number of fully paid and non-assessable shares (the “Shares”)
of the above-stated Type/Series of Stock (the “Class”) of Company at the above-stated Warrant Price, all as set forth
above and as adjusted pursuant to Section 2 of this Warrant.

 

Section
1.           EXERCISE.

 

1.1              Method
of Exercise. Holder may at any time and from time to time exercise this Warrant, in whole or in part, by delivering to
Company the original of this Warrant together with a duly executed Notice of Exercise in substantially the form attached
hereto as Appendix 1 and, unless Holder is exercising this Warrant pursuant to a cashless exercise set forth in Section 1.2,
a check, wire transfer of same-day funds (to an account designated by Company), or other form of payment acceptable to
Company for the aggregate Warrant Price for the Shares being purchased.

 

1.2             
Cashless Exercise. On any exercise of this Warrant, in lieu of payment of the aggregate Warrant Price in the
manner as specified in Section 1.1 above, but otherwise in accordance with the requirements of Section 1.1, Holder may elect to
receive Shares equal to the value of this Warrant, or portion hereof as to which this Warrant is being exercised. Thereupon, Company
shall issue to Holder such number of fully paid and non-assessable Shares as are computed using the following formula:

 

X = Y(A-B)/A where:

 

X =       the
number of Shares to be issued to Holder;

 

    

     

    

 

Y =       the
number of Shares with respect to which this Warrant is being exercised (inclusive of the Shares surrendered to Company in payment
of the aggregate Warrant Price);

 

A = the fair market value (as determined
pursuant to Section 1.3 below) of one Share; and B = the Warrant Price.

 

1.3             
Fair Market Value. If Company’s common stock is then traded or quoted on a nationally recognized securities
exchange, inter-dealer quotation system or over-the-counter market (a “Trading Market”) and the Class is common stock,
the fair market value of a Share shall be the closing price or last sale price of a share of common stock reported for the Business
Day immediately before the date on which Holder delivers this Warrant together with its Notice of Exercise to Company. If Company’s
common stock is then traded in a Trading Market and the Class is a series of Company’s convertible preferred stock, the fair
market value of a Share shall be the closing price or last sale price of a share of Company’s common stock reported for the
Business Day immediately before the date on which Holder delivers this Warrant together with its Notice of Exercise to Company
multiplied by the number of shares of Company’s common stock into which a Share is then convertible. If Company’s common
stock is not traded in a Trading Market, Holder and Company shall agree upon the fair market value of a Share in their reasonable
good faith judgment.

 

1.4             
Delivery of Certificate and New Warrant. Within a reasonable time after Holder exercises this Warrant in the
manner set forth in Section 1.1 or 1.2 above, Company shall deliver to Holder a certificate representing the Shares issued to Holder
upon such exercise and, if this Warrant has not been fully exercised and has not expired, a new warrant of like tenor representing
the Shares not so acquired.

 

1.5             
Replacement of Warrant. On receipt of evidence reasonably satisfactory to Company of the loss, theft, destruction
or mutilation of this Warrant and, in the case of loss, theft or destruction, on delivery of an indemnity agreement reasonably
satisfactory in form, substance and amount to Company or, in the case of mutilation, on surrender of this Warrant to Company for
cancellation, Company shall, within a reasonable time, execute and deliver to Holder, in lieu of this Warrant, a new warrant of
like tenor and amount.

 

1.6             
Treatment of Warrant Upon Acquisition of Company.

 

(a)              
For the purpose of this Warrant, “Acquisition” means any transaction or series of related transactions
involving: (i) the sale, lease, exclusive license, or other disposition of all or substantially all of the assets of Company; (ii)
any merger or consolidation of Company into or with another person or entity (other than a merger or consolidation effected exclusively
to change Company’s domicile), or any other corporate reorganization, in which the stockholders of Company in their capacity
as such immediately prior to such merger, consolidation or reorganization, own less than a majority of Company’s (or the
surviving or successor entity’s) outstanding voting power immediately after such merger, consolidation or reorganization;
(iii) any sale or other transfer by the stockholders of Company of shares representing at least a majority of Company’s then-total
outstanding combined voting power; provided, that an “Acquisition” shall not include (i) the sale and issuance by the
Company of its equity securities to one or more investors for cash in a transaction or series of related transactions the principal
purpose of which is the bona fide equity financing of the Company or (ii) a transaction (or series of transactions) if its sole
purpose is to change the state of the Company’s incorporation or to create a holding company that will be owned in substantially
the same proportions by the persons who held the Company’s securities immediately prior to such transaction.

 

    

     

    

 

(b)              
In the event of an Acquisition in which the consideration to be received by Company’s stockholders consists
solely of cash, solely of Marketable Securities or a combination of cash and Marketable Securities (a “Cash/Public Acquisition”),
either (i) Holder shall exercise this Warrant pursuant to Section 1.1 and/or 1.2 and such exercise will be deemed effective immediately
prior to and contingent upon the consummation of such Acquisition or (ii) if Holder elects not to exercise the Warrant, this Warrant
will expire immediately prior to the consummation of such Acquisition.

 

(c)              
Company shall provide Holder with written notice of its request relating to the Cash/Public Acquisition (together
with such reasonable information as Holder may reasonably require regarding the treatment of this Warrant in connection with such
contemplated Cash/Public Acquisition giving rise to such notice), which is to be delivered to Holder not less than seven (7) Business
Days prior to the closing of the proposed Cash/Public Acquisition. In the event Company does not provide such notice, then if,
immediately prior to the Cash/Public Acquisition, the fair market value of one Share (or other security issuable upon the exercise
hereof) as determined in accordance with Section 1.3 above would be greater than the Warrant Price in effect on such date, then
this Warrant shall automatically be deemed on and as of such date to be exercised pursuant to Section 1.2 above as to all Shares
(or such other securities) for which it shall not previously have been exercised, and Company shall promptly notify Holder of the
number of Shares (or such other securities) issued upon such exercise to Holder and Holder shall be deemed to have restated each
of the representations and warranties in Section 4 of the Warrant as the date thereof.

 

(d)              
Upon the closing of any Acquisition other than a Cash/Public Acquisition defined above, the Company (or the acquirer)
shall be required to repurchase this Warrant from Holder for a cash purchase price equal to $450,000.

 

(e)              
As used in this Warrant, “Marketable Securities” means securities meeting all of the following requirements:
(i) the issuer thereof is then subject to the reporting requirements of Section 13 or Section 15(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), and is then current in its filing of all required reports and other information
under the Act and the Exchange Act; (ii) the class and series of shares or other security of the issuer that would be received
by Holder in connection with the Acquisition were Holder to exercise this Warrant on or prior to the closing thereof is then traded
on a nationally recognized securities exchange, interdealer quotation system or over-the-counter market, and (iii) following the
closing of such Acquisition, Holder would not be restricted from publicly re-selling all of the issuer’s shares and/or other
securities that would be received by Holder in such Acquisition were Holder to exercise or convert this Warrant in full on or prior
to the closing of such Acquisition, except to the extent that any such restriction (x) arises solely under federal or state securities
laws, rules or regulations, and (y) does not extend beyond six (6) months from the closing of such Acquisition.

 

    

     

    

 

Section
2.      ADJUSTMENTS
TO THE SHARES AND WARRANT PRICE.

 

2.1             
Stock Dividends, Splits, Etc. If Company declares or pays a dividend or distribution on the outstanding shares
of the Class, then upon exercise of this Warrant, for each Share acquired, Holder shall receive, without additional cost to Holder,
the total number and kind of property that Holder would have received had Holder owned the Shares of record as of the date the
dividend or distribution occurred. If Company subdivides the outstanding shares of the Class by reclassification or otherwise into
a greater number of shares, the number of Shares purchasable hereunder shall be proportionately increased and the Warrant Price
shall be proportionately decreased. If the outstanding shares of the Class are combined or consolidated, by reclassification or
otherwise, into a lesser number of shares, the Warrant Price shall be proportionately increased and the number of Shares shall
be proportionately decreased.

 

2.2             
Reclassification, Exchange, Combinations or Substitution. Upon any event whereby all of the outstanding shares
of the Class are reclassified, exchanged, combined, substituted, or replaced for, into, with or by Company securities of a different
class and/or series, then from and after the consummation of such event, this Warrant will be exercisable for the number, class
and series of Company securities that Holder would have received had the Shares been outstanding on and as of the consummation
of such event, and subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.
The provisions of this Section 2.2 shall similarly apply to successive reclassifications, exchanges, combinations substitutions,
replacements or other similar events.

 

2.3             
Conversion of Preferred Stock. If the Class is a class and series of Company’s convertible preferred
stock, in the event that all outstanding shares of the Class are converted, automatically or by action of holders thereof, into
common stock pursuant to the provisions of Company’s Certificate of Incorporation, including, without limitation, in connection
with an IPO (as defined below) then from and after the date on which all outstanding shares of the Class have been so converted,
this Warrant shall be exercisable for such number of shares of common stock into which the Shares would have been converted had
the Shares been outstanding on the date of such conversion, and the Warrant Price shall equal the Warrant Price in effect as of
immediately prior to such conversion divided by the number of shares of common stock into which one Share would have been converted,
all subject to further adjustment thereafter from time to time in accordance with the provisions of this Warrant.

 

2.4             
Adjustments for Diluting Issuances. In the event of the issuance by Company after the Issue Date of securities
at a price per share less than the Warrant Price, then the number of shares of common stock issuable upon conversion of the Shares
shall be adjusted in accordance with those provisions of Company’s Certificate of Incorporation that would apply thereto
as if Holder held the Shares as of any applicable record date for such adjustment.

 

2.5             
No Fractional Share. No fractional Share shall be issuable upon exercise of this Warrant and the number of
Shares to be issued shall be rounded down to the nearest whole Share. If a fractional Share interest arises upon any exercise of
the Warrant, Company shall eliminate such fractional Share interest by paying Holder in cash the amount computed by multiplying
the fractional interest by (i) the fair market value (as determined in accordance with Section 1.3 above) of a full Share, less
(ii) the then-effective Warrant Price.

 

    

     

    

 

2.6             
Notice/Certificate as to Adjustments. Upon each adjustment of the Warrant Price, Class and/or number of Shares,
Company, at Company’s expense, shall notify Holder in writing within a reasonable time setting forth the adjustments to the
Warrant Price, Class and/or number of Shares and facts upon which such adjustment is based. Company shall, upon written request
from Holder, furnish Holder with a certificate of its Chief Financial Officer, including computations of such adjustment and the
Warrant Price, Class and number of Shares in effect upon the date of such adjustment.

 

Section
3.           REPRESENTATIONS
AND COVENANTS OF COMPANY.

 

3.1             
Representations and Warranties. Company represents and warrants to, and agrees with, Holder as follows:

 

(a)              
The initial Warrant Price referenced on the first page of this Warrant is not greater than the price per share at
which shares of the Class were last sold in a bona fide equity financing to Holder’s equity investors.

 

(b)              
All Shares which may be issued upon the exercise of this Warrant, and all securities, if any, issuable upon conversion
of the Shares, shall, upon issuance, be duly authorized, validly issued, fully paid and nonassessable, and free of any liens and
encumbrances except for restrictions on transfer provided for herein or under applicable federal and state securities laws. Company
covenants that it shall at all times cause to be reserved and kept available out of its authorized and unissued capital stock such
number of shares of the Class, common stock and other securities as will be sufficient to permit the exercise in full of this Warrant
and the conversion of the Shares into common stock or such other securities.

 

(c)              
Company’s capitalization table attached hereto as Schedule 1 is true and complete, in all material respects,
as of the Issue Date.

 

3.2             
Notice of Certain Events. If Company proposes at any time to:

 

(a)              
declare any dividend or distribution upon the outstanding shares of the Class or common stock, whether in cash, property,
stock, or other securities and whether or not a regular cash dividend;

 

(b)              
offer for subscription or sale pro rata to Holders of the outstanding shares of the Class any additional shares of
any class or series of Company’s stock (other than pursuant to contractual pre-emptive rights) in connection with which Holder
could purchase such additional shares if this Warrant were exercised;

 

(c)              
effect any reclassification, exchange, combination, substitution, reorganization or recapitalization of the outstanding
shares of the Class;

 

(d)              
effect an Acquisition or to liquidate, dissolve or wind up; or

 

(e)              
effect an initial, underwritten public offering and sale of its common stock pursuant to an effective registration
statement under the Act (“IPO”); then, in connection with each such event, Company shall give Holder:

 

    

     

    

 

(1)              
in the case of the matters referred to in (a) and (b) above, at least five (5) Business Days prior written notice
of the date on which a record will be taken for such dividend, distribution, or subscription rights (and specifying the date on
which holders of outstanding shares of the Class will be entitled thereto) or for determining rights to vote, if any;

 

(2)              
in the case of the matters referred to in (c) and (d) above, at least five (5) Business Days prior written notice
of the date when the same will take place (and specifying the date on which Holders of outstanding shares of the Class will be
entitled to exchange their shares for the securities or other property deliverable upon the occurrence of such event); and

 

(3)              
with respect to the IPO, at least five (5) Business Days prior written notice of the date on which Company proposes
to file its registration statement in connection therewith.

 

Reference is made to Section 1.6(c) whereby
this Warrant will be deemed to be exercised pursuant to Section 1.2 hereof if Company does not give written notice to Holder of
a Cash/Public Acquisition as required by the terms hereof. Company shall also provide information requested by Holder that is reasonably
necessary to enable Holder to comply with Holder’s accounting or reporting requirements

 

3.3             
Registration Rights. The Shares, or the common stock into which the Shares are convertible, shall at the option
of Holder be “Registrable Securities”, and Holder shall have the rights of a “Holder” or “Investor”,
under the Company’s Fourth Amended and Restated Registration Rights Agreement dated April 12, 2019, as amended and/or restated
and in effect from time to time, among Company and its stockholders named therein (the “Registration Rights Agreement”).

 

3.4             
Information Rights. At any time after termination of the Loan Agreement, but so long as the Holder holds this
Warrant and/or any of the Shares Company shall deliver to the Holder (a) within one hundred eighty (180) days after the end of
each fiscal year of Company, the annual audited financial statements of Company and (b) within thirty (30) days after the beginning
of each fiscal year, Company’s quarterly, unaudited financial statements, provided, that Holder agrees to treat and hold
all such information in accordance with Section 13.8 of the Loan Agreement, regardless of the termination of such Loan Agreement.

 

Section
4.      REPRESENTATIONS,
WARRANTIES OF HOLDER.

 

Holder represents and warrants to Company
as follows:

 

4.1             
Purchase for Own Account. This Warrant and the securities to be acquired upon exercise of this Warrant by
Holder are being acquired for investment for Holder’s account, not as a nominee or agent, and not with a view to the public
resale or distribution within the meaning of the Act. Holder also represents that it has not been formed for the specific purpose
of acquiring this Warrant or the Shares.

 

4.2             
Disclosure of Information. Holder is aware of Company’s business affairs and financial condition and
has received or has had full access to all the information it considers necessary or appropriate to make an informed investment
decision with respect to the acquisition of this Warrant and its underlying securities. Holder further has had an opportunity to
ask questions and receive answers from Company regarding the terms and conditions of the offering of this Warrant and its underlying
securities and to obtain additional information (to the extent Company possessed such information or could acquire it without unreasonable
effort or expense) necessary to verify any information furnished to Holder or to which Holder has access.

 

    

     

    

 

4.3             
Investment Experience. Holder understands that the purchase of this Warrant and its underlying securities
involves substantial risk. Holder has experience as an investor in securities of companies in the development stage and acknowledges
that Holder can bear the economic risk of such Holder’s investment in this Warrant and its underlying securities and has
such knowledge and experience in financial or business matters that Holder is capable of evaluating the merits and risks of its
investment in this Warrant and its underlying securities and/or has a preexisting personal or business relationship with Company
and certain of its officers, directors or controlling persons of a nature and duration that enables Holder to be aware of the character,
business acumen and financial circumstances of such persons.

 

4.4             
Accredited Investor Status. Holder is an “accredited investor” within the meaning of Regulation
D promulgated under the Act.

 

4.5             
The Act. Holder understands that this Warrant and the Shares issuable upon exercise hereof have not been registered
under the Act in reliance upon a specific exemption therefrom, which exemption depends upon, among other things, the bona fide
nature of Holder’s investment intent as expressed herein. Holder understands that this Warrant and the Shares issued upon
any exercise hereof must be held indefinitely unless subsequently registered under the Act and qualified under applicable state
securities laws, or unless exemption from such registration and qualification are otherwise available. Holder is aware of the provisions
of Rule 144 promulgated under the Act.

 

4.6             
Company Equity Agreements. If Holder exercises this Warrant (other than in connection with an Acquisition
or an IPO), upon the request of Company, Holder will promptly execute a joinder to the Company’s Fourth Amended and Restated
Stockholders Agreement dated April 12, 2019 among the Company and the other parties named therein (as amended and in effect from
time to time, the “Stockholder Agreement”) and to the Registration Rights Agreement.

 

4.7             
Restrictions. Holder agrees that the Shares shall be bound by and subject to the Market Standoff provision
set forth in Section 12 of the Company’s Fourth Amended and Restated Registration Rights Agreement dated April 12, 2019,
as amended and/or restated and in effect from time to time.

 

4.8             
No Voting Rights. Holder, as a Holder of this Warrant, will not have any voting rights until the exercise
of this Warrant.

 

Section
5.      MISCELLANEOUS.

 

5.1             
Term and Automatic Conversion Upon Expiration.

 

    

     

    

 

(a)              
Term. Subject to the provisions of Section 1.6 above, this Warrant is exercisable in whole or in part at any
time and from time to time on or before 6:00 PM, Eastern Time, on the Expiration Date and shall be void thereafter.

 

(b)              
Automatic Cashless Exercise upon Expiration. In the event that, upon the Expiration Date, the fair market
value of one Share (or other security issuable upon the exercise hereof) as determined in accordance with Section 1.3 above is
greater than the Warrant Price in effect on such date, then this Warrant shall automatically be deemed on and as of such date to
be exercised pursuant to Section 1.2 above as to all Shares (or such other securities) for which it shall not previously have been
exercised, and Company shall, within a reasonable time, deliver a certificate representing the Shares (or such other securities)
issued upon such exercise to Holder.

 

5.2             
Legends. The Shares (and the securities issuable, directly or indirectly, upon conversion of the Shares, if
any) shall be imprinted with a legend in substantially the following form:

 

THE SHARES EVIDENCED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR THE SECURITIES LAWS OF ANY STATE
AND, EXCEPT AS SET FORTH IN THAT CERTAIN WARRANT TO PURCHASE STOCK ISSUED BY THE ISSUER TO SIGNATURE BANK DATED AS OF AUGUST 29,
2019, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED EXCEPT IN ACCORDANCE WITH APPLICABLE LAW.

 

5.3             
Compliance with Securities Laws on Transfer. This Warrant and the Shares issuable upon exercise of this Warrant
(and the securities issuable, directly or indirectly, upon conversion of the Shares, if any) may not be transferred or assigned
in whole or in part except as authorized herein and in compliance with applicable federal and state securities laws by the transferor
and the transferee. Signature Bank may transfer this Warrant to its parent, subsidiaries or other affiliate, and such parent, subsidiaries
or other affiliate may make subsequent assignments to its parent, Subsidiaries and other affiliates. Company shall not require
Holder to provide an opinion of counsel if the transfer is to any parent, subsidiary or other affiliate of Holder, provided that
any such transferee is an “Accredited Investor” as defined in Regulation D promulgated under the Act, or if there is
no material question as to the availability of Rule 144 promulgated under the Act. Any Holder may transfer all or part of this
Warrant or the Shares issuable upon exercise of this Warrant (or the securities issuable directly or indirectly, upon conversion
of the Shares, if any) to any non-affiliated transferee, provided Holder will give Company notice of the portion of the Warrant
being transferred and Holder will surrender this Warrant to Company for reissuance to the non-affiliated transferee(s). By acceptance
of the Warrant, any subsequent non-affiliated transferee shall agree in writing with Company to be bound by all of the terms and
conditions of this Warrant.

 

    

     

    

 

5.4             
Notices. All notices shall be deemed delivered and effective (i) when given personally, (ii) on the third
(3rd) Business Day after being mailed by first-class registered or certified mail, postage prepaid, (iii) upon actual
receipt if given by electronic mail and such receipt is confirmed in writing by the recipient, or (iv) on the first Business Day
following delivery to a reliable overnight courier service, in any case at such address as may have been furnished to Company or
Holder, as the case may be, in writing by Company or such Holder from time to time in accordance with the provisions of this Section
5.4. All notices to Holder shall be addressed as follows until Company receives notice of a change of address in connection with
a transfer or otherwise:

 

SIGNATURE BANK

Signature Bank - Venture Banking Group

565 Fifth Avenue, 8th Floor

New York, New York 10017

Attn: Legal Department

Fax: (646) 758-8188

Email: legal@signatureny.com

 

Notice to Company shall be addressed
as follows until Holder receives notice of a change in address:

 

908 DEVICES INC.

645 Summer Street

Boston, MA 02110

Attn: Joseph H. Griffith IV, Chief Financial Officer

Email: jgriffith@908devices.com

 

With a copy to (which shall not
constitute notice):

 

GOODWIN PROCTER LLP

110 Northern Avenue

Boston, MA 02210

Attn: Mark Macenka

Email: mmacenka@goodwinlaw.com

 

5.5             
Amendment. This Warrant and any term hereof may be changed, waived, discharged or terminated (either generally
or in a particular instance and either retroactively or prospectively) only by an instrument in writing signed by the party against
which enforcement of such change, waiver, discharge or termination is sought.

 

5.6             
Attorney’s Fees. In the event of any dispute between the parties concerning the terms and provisions
of this Warrant, the party prevailing in such dispute shall be entitled to collect from the other party all costs incurred in such
dispute, including reasonable attorneys’ fees.

 

5.7             
Counterparts; Facsimile/Electronic Signatures. This Warrant may be executed in counterparts, all of which
together shall constitute one and the same agreement. Any signature page delivered electronically or by facsimile shall be binding
to the same extent as an original signature page with regards to any agreement subject to the terms hereof or any amendment thereto.

 

    

     

    

 

5.8             
Governing Law. This Warrant shall be governed by and construed in accordance with the laws of the State of
New York, without giving effect to its principles regarding conflicts of law.

 

5.9             
Headings. The headings in this Warrant are for purposes of reference only and shall not limit or otherwise
affect the meaning of any provision of this Warrant.

 

5.10           
Business Days. “Business Day” is any day that is not a Saturday, Sunday or a day on which Signature
Bank is closed.

 

[Balance of Page Intentionally Left
Blank]

 

    

     

    

 

IN WITNESS WHEREOF,
the parties have caused this Warrant to Purchase Stock to be executed by their duly authorized representatives effective as of
the Issue Date written above.

 

“COMPANY”

 

908 DEVICES INC.

 

	By:	 	 

 

	Name:	 	 
	 	(Print)	 

 

	Title:	 	 

 

“HOLDER”

 

SIGNATURE
BANK

 

	By:	 	 

 

	Name:	 	 
	 	(Print)	 

 

	Title:	 	 

 

    

     

    

 

APPENDIX 1

NOTICE OF EXERCISE

 

1.        The
undersigned Holder hereby exercises its right to purchase ___________ shares of the [Common Stock/Series ______________ Preferred
Stock] [circle one] of 908 DEVICES INC. (“Company”) in accordance with the attached Warrant To Purchase Stock, and
tenders payment of the aggregate Warrant Price for such shares as follows:

 

 ̈        check
in the amount of $________ payable to order of Company enclosed herewith

 

 ̈       Wire transfer
of immediately available funds to Company’s account

 

 ̈       Cashless
Exercise pursuant to Section 1.2 of the Warrant

 

 ̈       Other
[Describe] ____________________________________

 

2.       Please
issue a certificate or certificates representing the Shares in the name specified below:

 

	Holder’s Name	 
	 	 
	 	 
	 	 
	(Address)	 

 

3.       By
its execution below and for the benefit of Company, Holder hereby restates each of the representations and warranties in Section
4 of the Warrant to Purchase Stock as of the date hereof.

 

	 	HOLDER:
	 	 	 
	 	 
	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 
	 	 	 
	 	Date:	 

 

    

     

    

 

SCHEDULE 1

 

COMPANY CAPITALIZATION TABLE

 

See Attached

 

    

     

    

 

908 Devices Capitalization Table As of July 31, 2019

  

	 	 	Common	 	 	Option
    Pool	 	 	%
    Common	 	 	Series
    A Shares	 	 	Series
    A Warrant	 	 	Series
    B Shares	 	 	Series
    B Warrant	 	 	Series
    C Shares	 	 	Series
    C Warrant	 	 	Series
    D Shares	 	 	Series
    D Warrant	 	 	%
    Pfd OS	 	 	Series
    E Shares	 	 	Series
    E Warrant	 	 	%
    Pfd OS	 	 	#
    shares OS	 	 	%
    OS	 	 	#
    shares FD	 	 	%
    FD	 
	ARCH
    Venture Fund VII, L.P.	 	 	 	 	 	 	 	 	 	 	 	 	 	 	4,763,149	 	 	 	 	 	 	 	1,596,906	 	 	 	 	 	 	 	1,090,120	 	 	 	 	 	 	 	1,083,098	 	 	 	 	 	 	 	5.6	%	 	 	293,818	 	 	 	 	 	 	 	40.2	%	 	 	8,827,091	 	 	 	27.9	%	 	 	8,827,091	 	 	 	23.87	%
	Razor’s
    Edge Ventures	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,750,000	 	 	 	 	 	 	 	586,710	 	 	 	 	 	 	 	400,514	 	 	 	 	 	 	 	328,299	 	 	 	 	 	 	 	1.7	%	 	 	96,979	 	 	 	 	 	 	 	14.7	%	 	 	3,162,502	 	 	 	10.0	%	 	 	3,162,502	 	 	 	8.55	%
	UTEC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,250,000	 	 	 	 	 	 	 	419,078	 	 	 	 	 	 	 	286,082	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	10.1	%	 	 	1,955,160	 	 	 	6.2	%	 	 	1,955,160	 	 	 	5.29	%
	Kevin
    Knopp	 	 	2,057,377	 	 	 	380,000	 	 	 	19.01	%	 	 	102,629	 	 	 	 	 	 	 	34,408	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	7,153	 	 	 	 	 	 	 	10.7	%	 	 	-	 	 	 	 	 	 	 	0.7	%	 	 	2,201,567	 	 	 	7.0	%	 	 	2,581,567	 	 	 	6.98	%
	Kevin
    Hrusovsky	 	 	94,000	 	 	 	203,686	 	 	 	2.32	%	 	 	165,000	 	 	 	 	 	 	 	277,416	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.5	%	 	 	 	 	 	 	 	 	 	 	2.3	%	 	 	536,416	 	 	 	1.7	%	 	 	740,102	 	 	 	2.00	%
	Schlumberger	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,110,494	 	 	 	 	 	 	 	190,340	 	 	 	 	 	 	 	185,521	 	 	 	 	 	 	 	1.0	%	 	 	52,640	 	 	 	 	 	 	 	7.0	%	 	 	1,538,995	 	 	 	4.9	%	 	 	1,538,995	 	 	 	4.16	%
	Doug
    Kahn	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	55,524	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.3	%	 	 	55,524	 	 	 	0.2	%	 	 	55,524	 	 	 	0.15	%
	Jay
    Flatley	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	111,049	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.6	%	 	 	111,049	 	 	 	0.4	%	 	 	111,049	 	 	 	0.30	%
	Steven
    Reeves	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	55,524	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.3	%	 	 	55,524	 	 	 	0.2	%	 	 	55,524	 	 	 	0.15	%
	Dayroosh
    Vakh	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	111,049	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.6	%	 	 	111,049	 	 	 	0.4	%	 	 	111,049	 	 	 	0.30	%
	J.
    Michael Ramsey	 	 	1,263,122	 	 	 	75,000	 	 	 	10.44	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,263,122	 	 	 	4.0	%	 	 	1,338,122	 	 	 	3.62	%
	Roswitha
    S. Ramsey	 	 	1,263,121	 	 	 	 	 	 	 	9.85	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,263,121	 	 	 	4.0	%	 	 	1,263,121	 	 	 	3.42	%
	Christopher
    Brown	 	 	1,789,023	 	 	 	300,000	 	 	 	16.30	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	7,153	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	 	 	 	 	 	 	 	 	1,796,176	 	 	 	5.7	%	 	 	2,096,176	 	 	 	5.67	%
	Michael
    J. Jobin	 	 	226,510	 	 	 	85,000	 	 	 	2.43	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	226,510	 	 	 	0.7	%	 	 	311,510	 	 	 	0.84	%
	Steven
    P. Araiza	 	 	226,510	 	 	 	70,000	 	 	 	2.31	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	226,510	 	 	 	0.7	%	 	 	296,510	 	 	 	0.80	%
	Andrew
    J. Bartfay-Szabo	 	 	226,510	 	 	 	120,000	 	 	 	2.70	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	226,510	 	 	 	0.7	%	 	 	346,510	 	 	 	0.94	%
	David
    R. Walt	 	 	27,500	 	 	 	 	 	 	 	0.21	%	 	 	250,000	 	 	 	 	 	 	 	83,816	 	 	 	 	 	 	 	61,930	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.1	%	 	 	15,899	 	 	 	 	 	 	 	2.1	%	 	 	439,145	 	 	 	1.4	%	 	 	439,145	 	 	 	1.19	%
	David
    Cruikshank	 	 	20,000	 	 	 	 	 	 	 	0.16	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	20,000	 	 	 	0.1	%	 	 	20,000	 	 	 	0.05	%
	Christopher
    Petty	 	 	227,877	 	 	 	 	 	 	 	1.78	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	227,877	 	 	 	0.7	%	 	 	227,877	 	 	 	0.62	%
	Scott
    Miller	 	 	75,000	 	 	 	100,000	 	 	 	1.37	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	75,000	 	 	 	0.2	%	 	 	175,000	 	 	 	0.47	%
	ORNL
    License	 	 	120,000	 	 	 	 	 	 	 	0.94	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	120,000	 	 	 	0.4	%	 	 	120,000	 	 	 	0.32	%
	UNC
    License	 	 	180,000	 	 	 	 	 	 	 	1.40	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	180,000	 	 	 	0.6	%	 	 	180,000	 	 	 	0.49	%
	David
    Goodman	 	 	3,000	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,000	 	 	 	0.0	%	 	 	3,000	 	 	 	0.01	%
	Eric
    Hold	 	 	5,625	 	 	 	 	 	 	 	0.04	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	5,625	 	 	 	0.0	%	 	 	5,625	 	 	 	0.02	%
	Hendrick
    Melo	 	 	2,500	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,500	 	 	 	0.0	%	 	 	2,500	 	 	 	0.01	%
	Peter
    Sullivan	 	 	61,904	 	 	 	 	 	 	 	0.48	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	61,904	 	 	 	0.2	%	 	 	61,904	 	 	 	0.17	%
	Edward
    Driggers	 	 	6,000	 	 	 	 	 	 	 	0.05	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6,000	 	 	 	0.0	%	 	 	6,000	 	 	 	0.02	%
	John
    Ranson	 	 	4,375	 	 	 	 	 	 	 	0.03	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	4,375	 	 	 	0.0	%	 	 	4,375	 	 	 	0.01	%
	Robert
    Walton	 	 	6,562	 	 	 	 	 	 	 	0.05	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	6,562	 	 	 	0.0	%	 	 	6,562	 	 	 	0.02	%
	Brendan
    Powers	 	 	14,375	 	 	 	 	 	 	 	0.11	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	14,375	 	 	 	0.0	%	 	 	14,375	 	 	 	0.04	%
	Alan
    Marshall	 	 	8,000	 	 	 	 	 	 	 	0.06	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	8,000	 	 	 	0.0	%	 	 	8,000	 	 	 	0.02	%
	Patrick
    Farrell	 	 	2,656	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,656	 	 	 	0.0	%	 	 	2,656	 	 	 	0.01	%
	Bill
    Moran	 	 	4,708	 	 	 	 	 	 	 	0.04	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	4,708	 	 	 	0.0	%	 	 	4,708	 	 	 	0.01	%
	Evgeny
    Krylov	 	 	17,031	 	 	 	 	 	 	 	0.13	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	17,031	 	 	 	0.1	%	 	 	17,031	 	 	 	0.05	%
	Michael
    Goodwin	 	 	15,000	 	 	 	 	 	 	 	0.12	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	15,000	 	 	 	0.0	%	 	 	15,000	 	 	 	0.04	%
	Bojan
    Juric	 	 	2,395	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,395	 	 	 	0.0	%	 	 	2,395	 	 	 	0.01	%
	James
    Roush	 	 	2,083	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,083	 	 	 	0.0	%	 	 	2,083	 	 	 	0.01	%
	Dayana
    Argoti	 	 	1,416	 	 	 	 	 	 	 	0.01	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,416	 	 	 	0.0	%	 	 	1,416	 	 	 	0.00	%
	Tina
    Stacey	 	 	3,812	 	 	 	 	 	 	 	0.03	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	3,812	 	 	 	0.0	%	 	 	3,812	 	 	 	0.01	%
	Stephanie
    Cuevas	 	 	989	 	 	 	 	 	 	 	0.01	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	989	 	 	 	0.0	%	 	 	989	 	 	 	0.00	%
	Krystyna
    Godbout	 	 	2,125	 	 	 	 	 	 	 	0.02	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	2,125	 	 	 	0.0	%	 	 	2,125	 	 	 	0.01	%
	Kevin
    Schultze	 	 	9,583	 	 	 	 	 	 	 	0.07	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	9,583	 	 	 	0.0	%	 	 	9,583	 	 	 	0.03	%
	Saudi
    Aramco Energy Ventures LLC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,159,420	 	 	 	 	 	 	 	809,847	 	 	 	 	 	 	 	4.2	%	 	 	74,448	 	 	 	 	 	 	 	6.4	%	 	 	2,043,715	 	 	 	6.5	%	 	 	2,043,715	 	 	 	5.53	%
	Martin
    Madaus GST Trust	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	144,928	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	31,796	 	 	 	 	 	 	 	0.9	%	 	 	176,724	 	 	 	0.6	%	 	 	176,724	 	 	 	0.48	%
	Casdin
    Capital	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	144,927	 	 	 	 	 	 	 	24,811	 	 	 	 	 	 	 	0.1	%	 	 	3,552	 	 	 	 	 	 	 	0.8	%	 	 	173,290	 	 	 	0.5	%	 	 	173,290	 	 	 	0.47	%
	Woburn
    Abbey Trust	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	144,927	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.8	%	 	 	144,927	 	 	 	0.5	%	 	 	144,927	 	 	 	0.39	%
	Exora
    Investments LLC	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	115,894	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.0	%	 	 	 	 	 	 	 	 	 	 	0.6	%	 	 	115,894	 	 	 	0.4	%	 	 	115,894	 	 	 	0.31	%
	Cormorant	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	887,294	 	 	 	 	 	 	 	4.6	%	 	 	-	 	 	 	 	 	 	 	0.0	%	 	 	887,294	 	 	 	2.8	%	 	 	887,294	 	 	 	2.40	%
	Tao
    Capital	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	925,835	 	 	 	 	 	 	 	4.8	%	 	 	35,001	 	 	 	 	 	 	 	0.2	%	 	 	960,836	 	 	 	3.0	%	 	 	960,836	 	 	 	2.60	%
	Joseph
    H. Griffith	 	 	149,010	 	 	 	205,000	 	 	 	2.76	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	28,986	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.8	%	 	 	 	 	 	 	 	 	 	 	0.2	%	 	 	177,996	 	 	 	0.6	%	 	 	382,996	 	 	 	1.04	%
	Northpond
    Ventures	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	 	 	 	 	0.0	%	 	 	1,589,826	 	 	 	 	 	 	 	8.2	%	 	 	1,589,826	 	 	 	5.0	%	 	 	1,589,826	 	 	 	4.30	%
	Sands
    Capital	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	 	 	 	 	0.0	%	 	 	476,948	 	 	 	 	 	 	 	2.5	%	 	 	476,948	 	 	 	1.5	%	 	 	476,948	 	 	 	1.29	%
	Nicolas
    Barthelemy	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	 	 	 	 	0.0	%	 	 	31,796	 	 	 	 	 	 	 	0.2	%	 	 	31,796	 	 	 	0.1	%	 	 	31,796	 	 	 	0.09	%
	In-Q-Tel
    Warrant (***)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	210,000	 	 	 	 	 	 	 	163,242	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	373,242	 	 	 	1.01	%
	SVB
    Warrant	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	45,000	 	 	 	 	 	 	 	20,000	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	65,000	 	 	 	0.18	%
	Hercules
    Warrant	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	79,856	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	79,856	 	 	 	0.22	%
	Signature
    Bank Warrant	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	35,771	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	35,771	 	 	 	0.10	%
	PEI
    Investment, Inc. Warrant (Landlord)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	70,983	 	 	 	 	 	 	 	79,491	 	 	 	 	 	 	 	 	 	 	 	79,491	 	 	 	0.3	%	 	 	150,474	 	 	 	0.41	%
	Option
    Pool - Available	 	 	 	 	 	 	1,072,958	 	 	 	8.37	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	1,072,958	 	 	 	2.90	%
	Option
    Pool - Granted	 	 	 	 	 	 	2,088,409	 	 	 	16.29	%	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	-	 	 	 	0.0	%	 	 	2,088,409	 	 	 	5.65	%
	Total	 	 	8,119,699	 	 	 	4,700,053	 	 	 	100.0	%	 	 	8,280,778	 	 	 	210,000	 	 	 	4,441,974	 	 	 	208,242	 	 	 	3,768,068	 	 	 	20,000	 	 	 	4,259,011	 	 	 	150,839	 	 	 	34.1	%	 	 	2,782,194	 	 	 	35,771	 	 	 	99.6	%	 	 	31,651,724	 	 	 	100.0	%	 	 	36,976,629	 	 	 	100.00	%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00318-of-00352.parquet"}]]