Document:

EX-4.17

 Exhibit 4.17 

AGENUS INC. 

RESTRICTED STOCK UNIT AGREEMENT 

Agenus Inc., a Delaware corporation, (the “Company”), hereby grants the Restricted Stock Units (“RSUs”)
specified below pursuant to its 2015 Inducement Equity Plan. The terms and conditions attached hereto are also a part hereof. 
  

			
	Name of grantee (the “Recipient”):	 	
		
	Date:	 	
		
	Number of RSUs granted hereunder (the “Award”):	 	

 Vesting Schedule: 
  

			
	 Vesting Date:
	  	 Number of RSUs:

		  	
		  	
		  	

 All vesting is dependent on the continuation of a Business Relationship with the Company, as provided herein. 

 

							
		 		 	AGENUS INC.
	  
	 		 	
	Signature of Recipient	 		 	By:	 	  

	  
	 		 		 	Name of Officer:
	Street Address	 		 		 	Title:
	  
	 		 		 	
	City/State/Zip Code	 		 		 	

  
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 AGENUS INC. 

RESTRICTED STOCK UNIT AGREEMENT — INCORPORATED
TERMS AND CONDITIONS 
 AGENUS INC. (the
“Company”) agrees to grant to the Recipient an Award of RSUs on the following terms and conditions: 
 1. Grant Under
Plan. This Award is made pursuant to and is governed by the Company’s 2015 Inducement Equity Plan (the “Plan”) and, unless the context otherwise requires, terms used herein shall have the same meaning as in the Plan. This
Award does not set forth all of the terms and conditions of the Plan, which are incorporated herein by reference. The Committee administers the Plan and its determinations regarding the operation of the Plan are final and binding. 

2. Award of RSUs. The Company hereby grants to the Recipient the Award of RSUs specified on the cover page of this agreement. Each RSU
represents the right to receive one share of the Company’s common stock (“Common Stock”) upon the satisfaction of terms and conditions set forth in this agreement and the Plan. The Recipient shall have no rights as a
stockholder, including dividend or voting rights, with respect to the RSUs until, and only to the extent, such RSUs become vested in accordance with Section 3 and are issued to you. 

3. Vesting if Business Relationship Continues. 

(a) Vesting Schedule. If the Recipient has continuously maintained a Business Relationship with the Company through the
vesting dates specified on the cover page hereof, the number of RSUs indicated on the cover page will vest in accordance with the vesting schedule specified on the cover page. Any RSUs subject to this agreement that have not become vested shall be
subject to forfeiture provisions described in Section 5 unless and until they become vested. Subject to Section 6, the shares of the Company’s Common Stock that are issued pursuant to each vesting date specified on the cover page are
freely transferable. Except as otherwise provided herein or determined by the Committee, if the Recipient’s Business Relationship with the Company ceases, voluntarily or involuntarily, with or without cause, for any reason or no reason, no
unvested portion of the Award shall vest thereafter under any circumstances with respect to the Recipient. “Business Relationship” means service to the Company or its successor in the capacity of an employee, officer, director or
consultant. Any determination under this agreement as to the status of a Business Relationship or other matters referred to above shall be made in good faith by the Committee. The Committee, in its discretion, may accelerate the vesting for all or a
portion of any unvested portion of the Award. 
 (b) Certain Terminations of Business Relationship. For purposes
hereof, employment shall not be considered as having terminated during any leave of absence if such leave of absence has been approved in writing by the Company. For purposes hereof, a termination of employment followed by another Business
Relationship shall not be deemed a termination of the Business Relationship. This 

  
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agreement shall not be affected by any change of employment within or among the Company and its Subsidiaries so long as the Recipient continuously remains an employee of the Company or any
Subsidiary. 
 (c) [Only For Individuals Subject to CIC Provisions in CIC Plan or Employment Agreements]
[Acceleration of Vesting Upon Change of Control. Notwithstanding Sections 3(a) and 3(b), in the event of a Change in Control (as defined in the Company’s Amended and Restated Executive Change in Control Plan) of the Company while this
Award is in effect, this Award shall, immediately prior to the consummation of such Change in Control, become fully vested and all shares of Common Stock subject to the RSUs shall be issued to the Recipient.] 

4. Distribution of the Award; Certain Tax Matters. As soon as reasonably practicable following each of the vesting dates specified
above (but in no event later than two and one-half months after the end of the year in which the applicable vesting date occurs), the Company will issue to the Recipient a number of shares of Common Stock equal to the number of RSUs that become
vested as of such vesting date. Notwithstanding the foregoing, in the event that (i) Recipient is subject to the Company’s policy permitting certain individuals to sell shares only during certain “window periods” in effect from
time to time or Recipient is otherwise prohibited from selling shares of the Company’s Common Stock in the public market and any shares covered by the Award are scheduled to be delivered on a day (the “Original Distribution
Date”) that does not occur during an open “window period” applicable to Recipient, as determined by the Company in accordance with such policy, or does not occur on a date when Recipient is otherwise permitted to sell shares of
the Company’s Common Stock on the open market, and (ii) the Company elects not to satisfy its obligations for Taxes (as defined below) by withholding shares from Recipient’s distribution, then such shares will not be delivered on such
Original Distribution Date and will instead be delivered on the first business day of the next occurring open “window period” applicable to Recipient pursuant to such policy (regardless of whether Recipient’s Business Relationship
with the Company has been terminated at such time) or the next business day when Recipient is not prohibited from selling shares of the Company’s Common Stock in the open market, but in no event later than the fifteenth (15th) day of the
third calendar month of the calendar year following the calendar year in which the shares of Common Stock originally became deliverable. Upon and following the issuance of shares of the Company’s Common Stock on each of the vesting dates, the
Recipient shall be the record owner of such shares of Common Stock. The Company or its transfer agent shall provide the Recipient with written notice promptly following each such vesting date; such notice to specify the amount that the Recipient is
required to pay to satisfy any applicable withholding Taxes (as defined below). The Recipient may deposit with the Company an amount of cash equal to the amount determined by the Company, utilizing a tax rate determined by the Company in its
reasonable discretion, to be required with respect to any withholding taxes, FICA contributions, or the like under any national, federal, state, local or other statute, ordinance, rule, or regulation in connection with the award or settlement of the
restricted stock units (the “Taxes”). Alternatively, the Company may satisfy its withholding obligations with regard to the Taxes by any other means that may be acceptable to the Company in its discretion, including by the following
means or by a combination of the following means: (a) entering into a “same day sale” commitment with a broker dealer that is a member of the Financial Industry Regulatory 

  
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Authority (a “FINRA Dealer”) whereby the Recipient irrevocably elects to sell a portion of the shares delivered under the Award to satisfy the Taxes and whereby the FINRA Dealer
irrevocably commits to forward the proceeds necessary to satisfy the Taxes directly to the Company, (b) with the prior approval of the Company, withholding a number of shares (rounded down to the nearest whole share) of the Company’s
Common Stock with a market value determined as of the close of business on the applicable vesting date equal to the amount of such Taxes associated with the vesting or settlement of the Award and (c) withholding from any wages or other
remuneration otherwise payable to the Recipient by the Company or any of its Subsidiaries. 
 5. Restrictions on Transfer of RSUs;
Forfeiture to the Company. The Recipient may not sell, assign, transfer, pledge, encumber or dispose of (“Transfer”) all or any portion of RSUs that have not become vested or any interest therein except to the Company pursuant
to this Section 5. 
 Upon the termination of the Recipient’s Business Relationship, the Recipient shall forfeit to the Company,
without any payment or other consideration, all RSUs that have not vested on or prior to such termination date (the “Forfeited RSUs”). The forfeiture of the Forfeited RSUs shall take place automatically upon termination of the
Recipient’s Business Relationship. Upon termination of the Recipient’s Business Relationship, the Company shall automatically become the legal and beneficial owner of the RSUs being forfeited and all rights and interests therein or
relating thereto, and the Company shall have the right to retain and transfer to its own name or cancel the number of RSUs being forfeited to the Company. 

Notwithstanding the foregoing, a Recipient may transfer any portion of the Award by court order, will, or the laws of descent and
distribution, in which event each such transferee shall be bound by all of the provisions of this agreement to the same extent as if such transferee were the Recipient. 

6. Securities Laws Restrictions. The Company may prohibit the transfer of the shares of Common Stock issued upon vesting of the RSUs
until they have been duly listed upon any national securities exchange or automated quotation system on which the Company’s Common Stock may then be listed or quoted or at any time a registration statement under the Securities Act of 1933, as
amended, or any successor statute (the “Securities Act”) with respect to said shares of Common Stock issued upon vesting of the RSUs shall not be in effect. In addition, the Company may impose such other restrictions that counsel
for the Company shall consider necessary to comply with any law applicable to the issuance of such shares by the Company. The certificates representing the shares of Common Stock issued upon vesting of the RSUs may contain such legends and stop
transfer restrictions as counsel for the Company shall deem necessary to comply with any applicable law. If any shares of Common Stock issued upon vesting of the RSUs are held in book-entry form, the Company may take such steps as it deems necessary
or appropriate to record and manifest the restrictions applicable to such shares of Common Stock. 
 7. Arbitration. Any dispute,
controversy, or claim arising out of, in connection with, or relating to the performance of this agreement or its termination shall be settled by arbitration in the Commonwealth of Massachusetts, pursuant to the rules then obtaining of the American
Arbitration Association. Any award shall be final, binding and conclusive upon the parties and a judgment rendered thereon may be entered in any court having jurisdiction thereof. 

  
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 8. Provision of Documentation to Recipient; Conformity with the Plan. By signing this
agreement the Recipient acknowledges receipt of a copy of this agreement and a copy of the Plan. The Award is intended to conform in all respects with, and is subject to applicable provisions of, the Plan. To the extent that any provision of this
agreement conflicts with the express terms of the Plan, it is hereby acknowledged and agreed that the terms of the Plan shall control and, if necessary, the applicable provisions of this agreement shall be deemed to be amended so as to carry out the
purpose and intent of the Plan. By the Recipient’s acceptance of this agreement, the Recipient agrees to be bound by all of the terms of this agreement and the Plan. 

9. Miscellaneous. 

(a) Notices. All notices hereunder shall be in writing and shall be deemed given when sent by mail, if to the Recipient,
to the address set forth on the cover page or to the address shown on the records of the Company, and if to the Company, to the Company’s principal executive offices, attention of the Corporate Secretary. 

(b) Entire Agreement; Modification. This agreement and the Plan constitute the entire agreement between the parties
relative to the subject matter hereof, and supersede all proposals, written or oral, and all other communications between the parties relating to the subject matter of this agreement. This agreement may be modified, amended or rescinded only by a
written agreement executed by both parties. 
 (c) Section 409A of the Code. This Award shall be interpreted in
such a manner that all provisions relating to the settlement of the Award are exempt from the requirements of Section 409A of the Code as “short-term deferrals” as described in Section 409A of the Code. 

(d) Severability. The invalidity, illegality or unenforceability of any provision of this agreement shall in no way
affect the validity, legality or enforceability of any other provision. 
 (e) Successors and Assigns. This agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, subject to the limitations set forth herein, subject to the limitations set forth in Section 5. 

(f) Governing Law. This agreement shall be governed by and interpreted in accordance with the laws of the State of
Delaware without giving effect to the principles of the conflicts of laws thereof. 
 (g) No Obligation to Continue
Business Relationship. Neither the Plan, this agreement nor the grant of the Award imposes any obligation on the Company to continue the Recipient in employment or any other Business Relationship. 

  
 5Exhibit 10.1

 

EXCHANGE AGREEMENT

 

THIS EXCHANGE AGREEMENT
(the “Agreement”), dated as of January 15, 2016, is made by and between Dataram Corporation, a Nevada corporation,
formerly a New Jersey corporation (“Company”), and the holder of Warrants (as defined herein) signatory hereto (the
“Holder”).

 

WHEREAS, pursuant to
that certain Series A Preferred Stock Purchase Agreement (the “Purchase Agreement”), dated as of October 20, 2014,
by and between the Company and the Holder, whereby, among other things, the Holder purchased from the Company shares of the Company’s
Series A Preferred Stock (the “Series A Preferred Stock”) and warrants (the “Warrants”) to purchase shares
of the Company's common stock (the “Common Stock”), which such purchase and sale closed on November 17, 2014;

 

WHEREAS, the Holder holds
such number of shares of Series A Preferred Stock and Warrants as set forth on Schedule A hereto (such shares of Series
A Preferred Stock and Warrants, the “Exchange Securities”);

 

WHEREAS, the Company
has authorized a new series of convertible preferred stock of the Company designated as 0% Series B Convertible Preferred Stock,
$0.001 par value, the terms of which are set forth in the Certificate of Designation of Preferences, Rights and Limitations of
0% Series B Convertible Preferred Stock (the “Certificate of Designations”) in the form attached hereto as Exhibit
A (together with any convertible preferred shares issued in replacement thereof in accordance with the terms thereof, the “Preferred
Stock”), which Preferred Stock shall be convertible into the Company’s Common Stock, in accordance with the terms of
the Certificate of Designations;

 

WHEREAS, subject to the
terms and conditions set forth in this Agreement and pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended (the
“Securities Act”), the Company desires to exchange with the Holder, and the Holder desires to exchange with the Company,
the Exchange Securities for shares of Preferred Stock.

 

NOW, THEREFORE, IN CONSIDERATION
of the mutual covenants contained in this Agreement, and for other good and valuable consideration the receipt and adequacy of
which are hereby acknowledged, the Company and Holder agree as follows:

 

1.      Terms
of the Exchange. The Company and Holder agree that the Holder will exchange the Exchange Securities and will relinquish any
and all other rights he may have under the Exchange Securities in exchange for such number of shares of Preferred Stock (the “Preferred
Shares”, and such Preferred Shares as converted into Common Stock, the “Conversion Shares”, and together with
the Preferred Shares, the “Securities”) as set forth on Schedule A, annexed hereto.

 

2.      Closing.
Upon satisfaction of the conditions set forth herein, a closing shall occur at the principal offices of the Company, or such other
location as the parties shall mutually agree. At closing, Holder shall deliver certificates representing the Exchange Securities
to the Company and the Company shall deliver to such Holder a certificate evidencing the Preferred Shares in the name(s) and amount(s)
as indicated on Schedule A annexed hereto. Upon closing, any and all obligations of the Company to Holder under the Exchange
Securities shall be fully satisfied (including any rights related to the Exchange Securities under the Purchase Agreement or the
Certificate of Designation governing the Series A Preferred Stock (the “Series A Certificate of Designation”) or any
rights the Holder may have to receive dividends with respect to the Series A Preferred Stock pursuant to the Series A Certificate
of Designation), the certificates evidencing the Exchange Securities shall be cancelled and Holder will have no remaining rights,
powers, privileges, remedies or interests under the Exchange Securities.

    

     

    

 

3.      Further
Assurances

 

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

 

4.      Representations
and Warranties of the Holder. The Holder represents and warrants as of the date hereof and as of the closing to the Company
as follows:

 

a.       Authorization;
Enforcement. The Holder has the requisite corporate power and authority to enter into and to consummate the transactions
contemplated by this Agreement and otherwise to carry out its obligations hereunder and thereunder.  The execution and
delivery of this Agreement by the Holder and the consummation by it of the transactions contemplated hereby and thereby have been
duly authorized by all necessary action on the part of the Holder and no further action is required by the Holder.  This
Agreement has been (or upon delivery will have been) duly executed by the Holder and, when delivered in accordance with the terms
hereof, will constitute the valid and binding obligation of the Holder enforceable against the Holder in accordance with its terms,
except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other
laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the
availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution
provisions may be limited by applicable law.

 

b.       Tax
Advisors. The Holder has reviewed with its own tax advisors the U.S. federal, state, local and foreign tax consequences of
this investment and the transactions contemplated by this Agreement. With respect to such matters, the Holder relies solely on
such advisors and not on any statements or representations of the Company or any of its agents, written or oral. The Holder understands
that it (and not the Company) shall be responsible for its own tax liability that may arise as a result of this investment or the
transactions contemplated by this Agreement.

 

c.       Information
Regarding Holder. Holder is an “accredited investor”, as such term is defined in Rule 501 of Regulation D promulgated
by the United States Securities and Exchange Commission (the “Commission”) under the Securities Act, is experienced
in investments and business matters, has made investments of a speculative nature and has purchased securities of companies in
private placements in the past and, with its representatives, has such knowledge and experience in financial, tax and other business
matters as to enable the Holder to utilize the information made available by the Company to evaluate the merits and risks of and
to make an informed investment decision with respect to the proposed purchase, which represents a speculative investment. Holder
has the authority and is duly and legally qualified to purchase and own the Securities. Holder is able to bear the risk of such
investment for an indefinite period and to afford a complete loss thereof.

 

      d.
      Legend. The Holder understands that the Securities have been issued (or will be issued
in the case of the Conversion Shares) pursuant to an exemption from registration or qualification under the Securities Act and
applicable state securities laws, and except as set forth below, the Securities shall bear any legend as required by the “blue
sky” laws of any state and a restrictive legend in substantially the following form (and a stop-transfer order may be placed
against transfer of such stock certificates):

    2 

     

    

 

[NEITHER THE ISSUANCE AND SALE OF THE
SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN][THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN] REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION
STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED
BY THE COMPANY), IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS
SOLD OR ELIGIBLE TO BE SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY
BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

e.
      Removal of Legends. Certificates evidencing Securities shall not be required to contain
the legend set forth in Section 4(d) above or any other legend (i) while a registration statement covering the resale of such
Securities is effective under the Securities Act, (ii) following any sale of such Securities pursuant to Rule 144 (as defined herein)
(assuming the transferor is not an affiliate of the Company), (iii) if such Securities are eligible to be sold, assigned or transferred
under Rule 144 and the Subscriber
is not an affiliate of the Company (provided that the Holder provides the Company with reasonable assurances that such Securities
are eligible for sale, assignment or transfer under Rule 144 which shall not include an opinion of the Holder’s counsel),
(iv) in connection with a sale, assignment or other transfer (other than under Rule 144), provided that the Holder provides the
Company with an opinion of counsel to the Holder, in a generally acceptable form, to the effect that such sale, assignment or transfer
of the Securities may be made without registration under the applicable requirements of the Securities Act or (v) if such legend
is not required under applicable requirements of the Securities Act (including, without limitation, controlling judicial interpretations
and pronouncements issued by the Commission). If a legend is not required pursuant to the foregoing, the Company shall no later
than three (3) business days following the delivery by the Holder to the Company or the transfer agent (with notice to the Company)
of a legended certificate representing such Securities (endorsed or with stock powers attached, signatures guaranteed, and otherwise
in form necessary to affect the reissuance and/or transfer, if applicable), together with any other deliveries from the Holder
as may be required above in this Section 4(e), as directed by the Holder, either: (A) provided that the Company’s transfer
agent is participating in the DTC Fast Automated Securities Transfer Program and such Securities are Conversion Shares, credit
the aggregate number of shares of Common Stock to which the Holder shall be entitled to the Holder’s or its designee’s
balance account with DTC through its Deposit/Withdrawal at Custodian system or (B) if the Company’s transfer agent is not
participating in the DTC Fast Automated Securities Transfer Program, issue and deliver (via reputable overnight courier) to the
Holder, a certificate representing such Securities that is free from all restrictive and other legends, registered in the name
of the Holder or its designee. The Company shall be responsible for any transfer agent fees or DTC fees with respect to any issuance
of Securities or the removal of any legends with respect to any Securities in accordance herewith, including, but not limited to,
fees for the opinions of counsel rendered to the transfer agent in connection with the removal of any legends.

    3 

     

    

 

f.       Restricted
Securities. The Holder understands that: (i) the Securities have not been and are not being registered under the Securities
Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered
thereunder, (B) the Holder shall have delivered to the Company (if requested by the Company) an opinion of counsel to the Holder,
in a form reasonably acceptable to the Company, to the effect that such Securities to be sold, assigned or transferred may be sold,
assigned or transferred pursuant to an exemption from such registration, or (C) the Holder provides the Company with reasonable
assurance that such Securities can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated under the Securities
Act (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Securities made in reliance on Rule
144 may be made only in accordance with the terms of Rule 144, and further, if Rule 144 is not applicable, any resale of the Securities
under circumstances in which the seller (or the Person through whom the sale is made) may be deemed to be an underwriter (as that
term is defined in the Securities Act) may require compliance with some other exemption under the Securities Act or the rules and
regulations of the SEC promulgated thereunder; and (iii) neither the Company nor any other Person is under any obligation to register
the Securities under the Securities Act or any state securities laws or to comply with the terms and conditions of any exemption
thereunder.

 

5.      Representations
and Warranties of the Company. The Company hereby makes the following representations and warranties to the Holder:

 

a.      Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate the transactions
contemplated by this Agreement and each of the other agreements entered into by the parties hereto in connection with the transactions
contemplated by this Agreement (collectively, the “Exchange Documents”) and otherwise to carry out its obligations
hereunder and thereunder.  The execution and delivery of this Agreement by the Company and the consummation by it of
the transactions contemplated hereby and thereby have been duly authorized by all necessary action on the part of the Company and
no further action is required by the Company, the Board of Directors of the Company or the Company’s stockholders in connection
therewith, including, without limitation, the issuance of the Preferred Shares and the reservation for issuance and issuance of
Conversion Shares issuable upon conversion of the Preferred Shares have been duly authorized by the Company's Board of Directors
and no further filing, consent, or authorization is required by the Company, its Board of Directors or its stockholders.  This
Agreement and any Other Agreement (as defined herein) have been (or upon delivery will have been) duly executed by the Company
and, when delivered in accordance with the terms hereof, will constitute the valid and binding obligation of the Company enforceable
against the Company in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy,
insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally,
(ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and
(iii) insofar as indemnification and contribution provisions may be limited by applicable law.

 

b.      Organization
and Qualification. Each of the Company and its subsidiaries (the “Subsidiaries”) are entities duly organized and
validly existing and in good standing under the laws of the jurisdiction in which they are formed, and have the requisite power
and authorization to own their properties and to carry on their business as now being conducted and as presently proposed to be
conducted. Each of the Company and each of its Subsidiaries is duly qualified as a foreign entity to do business and is in good
standing in every jurisdiction in which its ownership of property or the nature of the business conducted by it makes such qualification
necessary, except to the extent that the failure to be so qualified or be in good standing would not have a Material Adverse Effect.
As used in this Agreement, “Material Adverse Effect” means any material adverse effect on (i) the business, properties,
assets, liabilities, operations (including results thereof), condition (financial or otherwise) or prospects of the Company or
any Subsidiary, individually or taken as a whole, (ii) the transactions contemplated hereby or in any of the other Exchange Documents
or (iii) the authority or ability of the Company to perform any of its obligations under any of the Exchange Documents. Other than
its Subsidiaries, there is no Person (as defined below) in which the Company, directly or indirectly, owns capital stock or holds
an equity or similar interest. “Person” means an individual, a limited liability company, a partnership, a joint venture,
a corporation, a trust, an unincorporated organization, any other entity and any governmental entity or any department or agency
thereof.

    4 

     

    

 

c.      No
Conflict. The execution, delivery and performance of the Exchange Documents by the Company and the consummation by the Company
of the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Preferred Shares and reservation
for issuance and issuance of the Conversion Shares) will not (i) (i) result in a violation of the Articles of Incorporation (as
defined below) or other organizational documents of the Company or any of its Subsidiaries, any capital stock of the Company or
any of its Subsidiaries or Bylaws (as defined below) of the Company or any of its Subsidiaries, (ii) conflict with, or constitute
a default (or an event which with notice or lapse of time or both would become a default) under, or give to others any rights of
termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any of
its Subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
foreign, federal and state securities laws and regulations and the rules and regulations of The NASDAQ Capital Market (the “Principal
Market”) applicable to the Company or any of its Subsidiaries or by which any property or asset of the Company or any of
its Subsidiaries is bound or affected except, in the case of clause (ii) or (iii) above, to the extent such violations that could
not reasonably be expected to have a Material Adverse Effect.

 

d.      No
Consents. Neither the Company nor any Subsidiary is required to obtain any consent from, authorization or order of, or make
any filing or registration with, any court, governmental agency or any regulatory or self-regulatory agency or any other Person
in order for it to execute, deliver or perform any of its respective obligations under or contemplated by the Exchange Documents,
in each case, in accordance with the terms hereof or thereof. All consents, authorizations, orders, filings and registrations which
the Company or any Subsidiary is required to obtain pursuant to the preceding sentence have been obtained or effected on or prior
to the date of this Agreement, and neither the Company nor any of its Subsidiaries is aware of any facts or circumstances which
might prevent the Company or any of its Subsidiaries from obtaining or effecting any of the registration, application or filings
contemplated by the Exchange Documents. The Company is not in violation of the requirements of the Principal Market and has no
knowledge of any facts or circumstances which could reasonably lead to delisting or suspension of the Common Stock in the foreseeable
future. The Company has obtained all necessary consents and approvals from the Principal Market, including, if required, a Listing
of Additional Shares application covering the listing of the Conversion Shares with the Principal Market.

 

e.      Securities
Law Exemptions. Assuming the accuracy of the representations and warranties of the Holder contained herein, the offer and issuance
by the Company of the Securities is exempt from registration under the Securities Act. The offer and issuance of the Securities
is exempt from registration under the Securities Act pursuant to the exemption provided by Section 3(a)(9) thereof. The Company
covenants and represents to the Holder that neither the Company nor any of its Subsidiaries has received, anticipates receiving,
has any agreement to receive or has been given any promise to receive any consideration from the Holder or any other Person in
connection with the transactions contemplated by the Exchange Documents.

 

f.      Issuance
of Securities. The issuance of the Preferred Shares is duly authorized and upon issuance in accordance with the terms of the
Exchange Documents shall be validly issued, fully paid and non-assessable and free from all taxes, liens, charges and other encumbrances
with respect to the issue thereof. Upon issuance or conversion in accordance with the Certificate of Designations, the Conversion
Shares, when issued, will be validly issued, fully paid and nonassessable and free from all preemptive or similar rights, taxes,
liens, charges and other encumbrances with respect to the issue thereof, with the holders being entitled to all rights accorded
to a holder of Common Stock.

    5 

     

    

 

g.      Transfer
Taxes. As of the date of this Agreement, all share transfer or other taxes (other than income or similar taxes) which are required
to be paid in connection with the issuance of the Preferred Shares to be exchanged with the Holder hereunder will be, or will have
been, fully paid or provided for by the Company, and all laws imposing such taxes will be or will have been complied with.

 

h.      Equity
Capitalization. Except as disclosed in the SEC Documents (as defined below): (i) none of the Company’s or any Subsidiary’s
capital stock is subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted by
the Company or any Subsidiary; (ii) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments
of any character whatsoever relating to, or securities or rights convertible into, or exercisable or exchangeable for, any capital
stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the Company
or any of its Subsidiaries is or may become bound to issue additional capital stock of the Company or any of its Subsidiaries or
options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or
rights convertible into, or exercisable or exchangeable for, any capital stock of the Company or any of its Subsidiaries; (iii)
there are no outstanding debt securities, notes, credit agreements, credit facilities or other agreements, documents or instruments
evidencing indebtedness of the Company or any of its Subsidiaries or by which the Company
or any of its Subsidiaries is or may become bound; (iv) there are no financing statements securing obligations in any amounts filed
in connection with the Company or any of its Subsidiaries; (v) there are no agreements or arrangements under which the Company
or any of its Subsidiaries is obligated to register the sale of any of their securities under the Securities Act; (vi) there are
no outstanding securities or instruments of the Company or any of its Subsidiaries which contain any redemption or similar provisions,
and there are no contracts, commitments, understandings or arrangements by which the Company or any of its Subsidiaries is or may
become bound to redeem a security of the Company or any of its Subsidiaries; (vii) there are no securities or instruments containing
anti-dilution or similar provisions that will be triggered by the issuance of the Securities; (viii) neither the Company nor any
Subsidiary has any stock appreciation rights or “phantom stock” plans or agreements or any similar plan or agreement;
and (ix) neither the Company nor any of its Subsidiaries have any liabilities or obligations required to be disclosed in the in
the Company’s filings with the Commission (the “SEC Documents”) which are not so disclosed in the SEC Documents,
other than those incurred in the ordinary course of the Company’s or its Subsidiaries’ respective businesses and which,
individually or in the aggregate, do not or could not have a Material Adverse Effect. The Company has furnished to the Holder true,
correct and complete copies of the Company’s Articles of Incorporation, as amended and as in effect on the date hereof (the
“Articles of Incorporation”), and the Company’s bylaws, as amended and as in effect on the date hereof (the “Bylaws”),
and the terms of all securities convertible into, or exercisable or exchangeable for, shares of Common Stock and the material rights
of the holders thereof in respect thereto that have not been disclosed in the SEC Documents.

 

(i)      Shell
Company Status. The Company is not and has never been an issuer identified in Rule 144(i)(1) of the Securities Act. The Company
is, and has been for a period of at least 90 days, subject to the reporting requirements of Section 13 or Section 15(d) of the
Exchange Act.

      

6.       Additional
Acknowledgments. The Holder and the Company confirm that the Company has not received any consideration for the transactions
contemplated by this Agreement. Pursuant to Rule 144 promulgated by the Commission pursuant to the Securities Act and the rules
and regulations promulgated thereunder as such Rule 144 may be amended from time to time, or any similar rule or regulation hereafter
adopted by the Commission having substantially the same effect as such Rule 144, the holding period of the Preferred Shares (including
the Conversion Shares upon conversion of the Preferred Shares) tacks back to November 17, 2014, the issue date of the Exchange
Securities. The Company agrees not to take a position contrary to this paragraph.

    6 

     

    

7.      Waiver
of Registration Rights.

 

The Holder waives any
rights the Holder may have had with respect to registration of the Exchange Securities under the Securities Act and confirms that
the Company is under no obligation to register the Securities pursuant to the Securities Act.

 

8.      Miscellaneous.

 

a.      Limitations
on Issuances and Financings. For as long as the Holder or any Other Holder or permitted assignee or successor of the Holder
or any Other Holder (other than pursuant to an open market sale), holds Preferred Stock solely issued in exchange for Series A
Preferred Stock, other than in connection with (i) full or partial consideration in connection with a strategic merger, acquisition,
consolidation or purchase of substantially all of the securities or assets of a corporation or other entity, (ii) the Company’s
issuance of securities in connection with strategic license agreements and other partnering arrangements so long as such issuances
are not primarily for the purpose of raising capital, (iii) the Company’s issuance of Common Stock or the issuances or grants
of options to purchase Common Stock to employees, directors, and consultants that have been approved by a majority of the independent
members of the board of directors of the Company or in existence as such plans are constituted on the date of this Agreement, (iv)
the Company’s issuance of securities upon the exercise or exchange of or conversion of any securities exercisable or exchangeable
for or convertible into shares of Common Stock issued and outstanding on the date of this Agreement on the terms in effect on the
date of this Agreement,  (v) an issuance by the Company of securities resulting from the conversion of the Preferred
Stock, (vi) the Company’s issuance of Common Stock or the issuances or grants of options to purchase Common Stock to consultants
and service providers, and (vii) any and all securities required to be assumed by the Company by the terms thereof as a result
of any of the foregoing even if issued by a predecessor acquired in connection with a business combination, merger or share exchange,
the Company shall not issue any Common Stock or securities convertible into or exercisable for shares of Common Stock (or
modify any of the foregoing which may be outstanding) to any person or entity solely for capital raising purposes or incur any
financing or incremental commercial debt, without the express written consent of holders of at least a majority of the then outstanding
Preferred Stock that was issued in exchange for the Series A Preferred Stock.

 

b.      Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns.

c.      Governing
Law; Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by and construed under the laws of the State of New
York without regard to the choice of law principles thereof. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in the State of New York located in The City of New York, Borough of Manhattan for the
adjudication of any dispute hereunder or in connection herewith or therewith or with any transaction contemplated hereby or thereby,
and hereby irrevocably waives any objection that such suit, action or proceeding is brought in an inconvenient forum or that the
venue of such suit, action or proceeding is improper. Nothing contained herein shall be deemed to limit in any way any right to
serve process in any manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST,
A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY.

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

    7 

     

    

 

e.      Counterparts/Execution.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event that
any signature is delivered by facsimile transmission or by an e-mail which contains an electronic file of an executed signature
page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or electronic file signature page (as the case may be) were an
original thereof.

f.      Notices.
Any notice or communication permitted or required hereunder shall be in writing and shall be deemed sufficiently given if hand-delivered
or sent (i) postage prepaid by registered mail, return receipt requested, or (ii) by facsimile, to the respective parties as set
forth below, or to such other address as either party may notify the other in writing.

 

	If to the Company, to:	 	Dataram Corporation
	 	 	777 Alexander Road, Suite 100
	 	 	Princeton, NJ 08540
	 	 	Attention:  Chief Executive Officer

 

If to Holder, to
the address set forth on the signature page of the Holder      

g.      Expenses.
The parties hereto shall pay their own costs and expenses in connection herewith.

h.      Entire
Agreement; Amendments. This Agreement constitutes the entire agreement between the parties with regard to the subject matter
hereof and thereof, superseding all prior agreements or understandings, whether written or oral, between or among the parties.
This Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be
waived, only by a written instrument signed by all parties, or, in the case of a waiver, by the party waiving compliance. Except
as expressly stated herein, no delay on the part of any party in exercising any right, power or privilege hereunder shall operate
as a waiver thereof, nor shall any waiver on the part of any party of any right, power or privilege hereunder preclude any other
or future exercise of any other right, power or privilege hereunder.

i.      Headings.
The headings used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement. 

 

i.      Independent
Nature of the Holder’s Obligations and Rights. The obligations of the Holder under the Exchange Documents are several
and not joint with the obligations of any other holder of Exchange Securities (each, an “Other Holder”) under any other
agreement to exchange Series A Preferred Stock and/or Warrants (each, an “Other Agreement”), and the Holder shall not
be responsible in any way for the performance of the obligations of any Other Holders under any Other Agreement. Nothing contained
herein or in any Other Agreement, and no action taken by the Holder pursuant hereto or any Other Holder pursuant to any Other Agreement,
shall be deemed to constitute the Holder or any Other Holder as, and the Company acknowledges that the Holder and the Other Holders
do not so constitute, a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption
that the Holder and any Other Holder are in any way acting in concert or as a group or entity with respect to such obligations
or the transactions contemplated by the Exchange Documents, any other agreement or any matters, and the Company acknowledges that
the Holder and the Other Holders are not acting in concert or as a group or entity, and the Company shall not assert any such claim,
with respect to such obligations or the transactions contemplated by the Exchange Documents and any Other Agreement.

    8 

     

    

 

The decision of the
Holder to acquire the Securities pursuant to the Exchange Documents has been made by the Holder independently of any Other Holder.
The Holder acknowledges that no Other Holder has acted as agent for the Holder in connection with the Holder making its acquisition
hereunder and that no Other Holder will be acting as agent of the Holder in connection with monitoring the Holder’s Securities
or enforcing its rights under the Exchange Documents. The Company and the Holder confirm that the Holder has independently participated
with the Company in the negotiation of the transaction contemplated hereby with the advice of its own counsel and advisors. The
Holder shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising out
of this Agreement or out of any of the Other Agreements, and it shall not be necessary for any Other Holder to be joined as an
additional party in any proceeding for such purpose. To the extent that any of the Other Holders and the Company enter into the
same or similar documents, all such matters are solely in the control of the Company, not the action or decision of the Holder,
and would be solely for the convenience of the Company and not because it was required or requested to do so by the Holder
or any Other Holder. For clarification purposes only and without implication that the contrary would otherwise be true, the transactions
contemplated by the Exchange Documents include only the transaction between the Company and the Holder and do not include any other
transaction between the Company and any Other Holder.

j.      Most
Favored Nation. The Company hereby represents and warrants as of the date hereof and covenants and agrees from and after the
date hereof that none of the terms offered to any Other Holder in any Other Agreement, is or will be more favorable to such Other
Holder than those of the Holder and this Agreement. If, and whenever on or after the date hereof, the Company desires to enter
into an Other Agreement, then (i) the Company shall provide prior written notice thereof to the Holder and (ii) upon execution
by the Company and such Other Holder of such Other Agreement, if the Holder of then holding outstanding shares of Preferred Stock
reasonably believes that any of the terms and conditions appurtenant to such Other Agreement are more favorable to the terms and
conditions granted to the Holder hereunder, upon written notice to the Company by such Holder within five trading days after receiving
such notice, the Company shall amend the terms of this transaction as to such Holder in an economically and legally equivalent
manner such that the Holder shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth
in such Other Agreement, provided that upon written notice to the Company at any time the Holder may elect not to accept the benefit
of any such amended or modified term or condition, in which event the term or condition contained in this Agreement or the Securities
(as the case may be) shall apply to the Holder as it was in effect immediately prior to such amendment or modification as if such
amendment or modification never occurred with respect to the Holder.

k.      Reporting
Status. For a period of two (2) years from the date hereof, the Company shall timely file all reports required to be filed
with the Commission pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the Company
shall continue to timely file reports under the Exchange Act even if the Exchange Act or the rules and regulations thereunder would
otherwise no longer require or permit such filings. At any time during the period commencing from the date hereof and ending at
such time that all of the shares of Common Stock issuable upon conversion of the Preferred Stock (the “Underlying Shares’)
may be sold without the requirement for the Company to be in compliance with Rule 144(c)(1) and otherwise without restriction or
limitation pursuant to Rule 144, if the Company shall fail for any reason to satisfy the current public information requirement
under Rule 144(c) (a “Public Information Failure”) then, in addition to Holder’s other available remedies, the
Company shall pay to Holder, in cash, as partial liquidated damages and not as a penalty, by reason of any such delay in or reduction
of its ability to sell the Underlying Shares, an amount in cash equal to one percent (1.0%) of the greater of (x) the product
of (A) the aggregate number of shares of Underlying Shares to which the Holder is entitled pursuant to the number of shares of
Preferred Stock then held and (B) the Closing Sale Price of the Common Stock on the Trading Day immediately preceding the day of
a

    9 

     

    

Public Information
Failure and (y) the Stated Value of the Preferred Stock then held by the Holder; and on every thirtieth (30th) day (pro
rated for periods totaling less than thirty days) thereafter until the earlier of (a) the date such Public Information Failure
is cured and (b) such time that such public information is no longer required  for Holder to transfer the Underlying Shares
pursuant to Rule 144.  The payments to which Holder shall be entitled pursuant to this Section 8(k) are referred to
herein as “Public Information Failure Payments.”  Public Information Failure Payments shall be paid on
the earlier of (i) the last day of the calendar month during which such Public Information Failure Payments are incurred
and (ii) the third (3rd) business day after the event or failure giving rise to the Public Information Failure Payments
is cured.  In the event the Company fails to make Public Information Failure Payments in a timely manner, such Public
Information Failure Payments shall bear interest at the rate of 1.5% per month (prorated for partial months) until paid
in full. Nothing herein shall limit Holder’s right to pursue actual damages for the Public Information Failure, and Holder
shall have the right to pursue all remedies available to it at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief. Terms not otherwise defined in this section shall have the meanings ascribed to them in the
Certificate of Designations.

l.      Listing.
The Company shall use reasonable best efforts to promptly secure the listing or designation for quotation (as the case may be)
of all of the Conversion Shares upon the Principal Market or any other national securities exchange or automated quotation system,
upon which the Common Stock is then listed or designated for quotation (as the case may be) (subject to official notice of issuance)
(but in no event later than the date of this Agreement) and shall use reasonable best efforts to maintain such listing or designation
for quotation (as the case may be) of all Conversion Shares from time to time issuable under the terms of this Agreement on such
national securities exchange or automated quotation system. The Company shall maintain the Common Stock’s listing or authorization
for quotation (as the case may be) on the Principal Market, The New York Stock Exchange, the NYSE MKT, the Nasdaq Global Market,
the Nasdaq Global Select Market, the OTCQB or the OTCBB (each, an “Eligible Market”). Neither the Company nor any of
its Subsidiaries shall take any action which could be reasonably expected to result in the delisting or suspension of the Common
Stock on an Eligible Market. The Company shall pay all fees and expenses in connection with satisfying its obligations under this
Section 8(l).

m.      Pledge
of Securities. The Company acknowledges and agrees that the Securities may be pledged by the Holder in connection with a bona
fide margin agreement or other loan or financing arrangement that is secured by the Securities. The pledge of Securities shall
not be deemed to be a transfer, sale or assignment of the Securities hereunder, and if the Holder effects a pledge of Securities
it shall not be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant
to this Agreement or any Other Agreement. The Company hereby agrees to execute and deliver such documentation as a pledgee of the
Securities may reasonably request in connection with a pledge of the Securities to such pledgee by the Holder.

 

(Signature Pages Follow)

    10 

     

    

IN WITNESS WHEREOF, the parties have
caused this Agreement to be duly executed as of the day and year first above written.

 

DATARAM CORPORATION

 

 

 

By: ____________________________________

Name: David A. Moylan

Title: President and Chief Executive Officer (CEO)

 

 

HOLDER: [_________]

 

 

 

By:____________________________________

 

Election to Received Preferred
Stock: (check here)__________

 

Address for Notices:

__________________________________________

__________________________________________

__________________________________________

__________________________________________

 

Address for delivery of Securities:

__________________________________________

__________________________________________

__________________________________________

__________________________________________

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