Document:

EX-10.27

 Exhibit 10.27 

Execution Version 

SECURITIES AGREEMENT 

THIS SECURITIES AGREEMENT (this “Agreement”) is made as of September 1, 2020, by and among HOYA TOPCO, LLC, a
Delaware limited liability company (the “Company”), and Jon Wagner (“Employee”), an employee of VIVID SEATS, LLC, a Delaware limited liability company (“Employer”). Capitalized terms used but not
otherwise defined herein shall have the meanings set forth in Section 7 of this Agreement, or if not defined herein, the meanings in the LLC Agreement (as defined below). 

WHEREAS, the Company and Employee desire to enter into an agreement setting forth the terms and conditions under which the Company will issue
to Employee 240,000 of the Company’s Series 4 Class D Units. 
 NOW, THEREFORE, in consideration of the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows: 

PROVISIONS RELATING TO INCENTIVE UNITS 

1. Issuance of Incentive Units. 

(a) Issuance. On September 1, 2020 (the “Effective Date”), the Company will issue to Employee 240,000 Series 4
Class D Units at no cost per Unit (the “Incentive Units”). The Company will deliver to Employee a copy of the certificate(s) representing such Incentive Units, and Employee will deliver to the Company (x) an executed
counterpart signature page to the Securityholders Agreement and (y) an executed counterpart signature page to the LLC Agreement. The Series 4 Class D Units issued hereunder shall have a Participation Threshold equal to $0.00 per Series 4
Class D Unit, subject to adjustment as provided in the LLC Agreement. The Incentive Units are intended to qualify as “profits interests” within the meaning of Internal Revenue Service Revenue Procedures
93-27 and 2001-43, Internal Revenue Service Notice 2005-43, or any future Internal Revenue Service guidance. 

(b) 83(b) Election. Within 30 days after the acquisition of Incentive Units on the Effective Date, Employee will make an effective
election (an “83(b) Election”) with the Internal Revenue Service under Section 83(b) of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (the “Code”) in the
form of Exhibit A attached hereto. 
 (c) Certificates. Until released upon the occurrence of a Sale of the
Company, all certificates evidencing Incentive Units, if any, shall be held, subject to the other terms of this Agreement and the Securityholders Agreement, by the Company for the benefit of Employee and the other holder(s) of Incentive Units. Upon
the occurrence of a Sale of the Company, subject to the provisions of the LLC Agreement (including Section 12.1 thereof), the Company will return all certificates in its possession evidencing Incentive Units to the record
holders thereof or, subject to Section 1(f), to the appropriate acquirer thereof. 
 (d) Representations and
Warranties. In connection with the issuance of the Incentive Units, Employee represents and warrants to the Company that: 
  

 (i) Employee possesses all requisite capacity, power and authority to enter
into and perform his obligations under this Agreement; 
 (ii) this Agreement constitutes the legal, valid and binding
obligation of Employee, enforceable in accordance with its terms, and the execution, delivery and performance of this Agreement by Employee does not and will not conflict with, violate or cause a breach of any agreement, contract or instrument to
which Employee is a party or any judgment, order or decree to which Employee is subject; 
 (iii) Employee is neither party
to, nor bound by, any other employment agreement, consulting agreement, noncompete agreement, non-solicitation agreement or confidentiality agreement or any other agreement which could impair or interfere with
Employee’s obligations hereunder; 
 (iv) Employee hereby acknowledges and agrees that (A) there is no current
public market for the Incentive Units, none is expected to develop and the Incentive Units are subject to substantial restrictions on transferability, and (B) as a result of such matters and other factors, the Incentive Units are difficult to
value; 
 (v) the Incentive Units to be granted to Employee pursuant to this Agreement will be granted for Employee’s
own account and not with a view to, or intention of, distribution thereof in violation of the Securities Act, or any applicable state securities laws, and the Incentive Units will not be disposed of in contravention of the Securities Act or any
applicable state securities laws; 
 (vi) Employee is able to bear the economic risk of his investment in the
Incentive Units for an indefinite period of time because the Incentive Units have not been registered under the Securities Act or applicable state securities laws and are subject to substantial restrictions on Transfer set forth herein and in the
LLC Agreement, and, therefore, cannot be sold unless subsequently registered under the Securities Act and applicable state securities laws, or an exemption from such registration is available, and in compliance with such restrictions on Transfer;

 (vii) Employee has had an opportunity to ask questions and receive answers concerning the terms and conditions of the
Transaction Documents (in particular, with respect to the distribution provisions set forth in the LLC Agreement) and the offering of Incentive Units and has had full and free access and opportunity to inspect, review, examine and inquire about all
financial and other information concerning the Company and Employer as he has requested; 
 (viii) Employee understands and
agrees that (A) the investment in the Company involves a high degree of risk, (B) in the future the Incentive Units may significantly increase or decrease in value, and (C) no guarantees or representations have been made or can be
made with respect to the future value of the Incentive Units or the future profitability or success of the Company; 
 (ix)
Employee acknowledges and agrees that (A) the Company and its Subsidiaries have incurred and may incur in the future a substantial amount of senior or other indebtedness and (B) there may be additional issuances of Incentive Units or other
Equity Securities after the Effective Date and the equity interests of Employee may be diluted in connection with any such issuance, subject to the terms of the LLC Agreement and the Securityholders Agreement; 

  
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 (x) Employee has had an opportunity to consult with his own tax
counsel as to the U.S. federal, state, local and foreign tax consequences of the transactions contemplated by the Transaction Documents and independent legal counsel regarding his rights and obligations under the Transaction Documents and fully
understands the terms and conditions contained herein and therein. Employee is not relying on the Company or Employer or any of their or their Subsidiaries’ or Affiliates’ employees, agents or representatives with respect to the legal,
tax, economic, and related considerations of an investment in the Incentive Units; and 
 (xi) Employee is a resident of Pennsylvania. 

(e) Employee Acknowledgment. As an inducement to the Company to issue the Incentive Units to Employee, and as a condition thereto,
Employee acknowledges and agrees that neither the issuance of the Incentive Units to Employee nor any provision contained in this Agreement shall entitle Employee to remain in the employment of the Company, Employer or their respective Subsidiaries
or affect the right of the Company, Employer or their respective Subsidiaries to terminate Employee’s employment at any time for any reason. 

(f) Security Powers. Concurrently with the execution of this Agreement, Employee shall execute in blank ten security transfer powers in
the form of Exhibit B attached hereto (the “Security Powers”) with respect to the Incentive Units and shall deliver such Security Powers to the Company. The Security Powers shall authorize the Company to assign, Transfer and
deliver the Incentive Units to the appropriate acquirer thereof pursuant to Section 3 below or Section 8.2 of the LLC Agreement and under no other circumstances. 

2. Vesting of Incentive Units. 

(a) Vesting. Except as otherwise provided in this Section 2, the Incentive Units shall become vested as
follows: 20% of the Incentive Units shall become vested on each of the first five anniversaries of June 30, 2020 as set forth on Schedule I attached hereto (such that the Incentive Units shall become 100% vested on June 30, 2025),
if as of each such date Employee is, and since the Effective Date continuously has been, employed by the Company or any of its Subsidiaries. 

(b) Sale of the Company. Upon the occurrence of a Sale of the Company, all Incentive Units which have not yet become vested shall become
vested as of the date of consummation of such Sale of the Company, if, as of such date, Employee has been continuously employed by the Company or any of its Subsidiaries from the date of this Agreement through and including such date, subject to the
provisions of this Section 2(b). Notwithstanding the foregoing or anything herein or in the LLC Agreement to the contrary (and in addition to any requirements therein), in the case of a Sale of the Company, Employee hereby
agrees that, if the Person who is acquiring the equity securities or assets of the Company resulting in such Sale of the Company (the “Acquiror”) reasonably requests that Employee continue to provide any reasonable services to the
Acquiror, the Company, Employer or any of their respective Affiliates from and after the consummation of the Sale of the Company (whether as a full-time employee, consultant or otherwise) that are within the scope of services provided by Employee
during the period of Employee’s employment with the Company or any of its Subsidiaries (the “Employment Period”) 

  
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 in exchange for a base salary (or equivalent base compensation), bonus opportunity and welfare and fringe
benefits (collectively, the “Post-Sale Compensation”) that are no less favorable to Employee in the aggregate than the base salary, bonus opportunity and welfare and fringe benefits provided to Employee by Employer immediately prior
to such Sale of the Company (excluding any equity or other equity-based incentive compensation), then the Continuing Incentive Amount shall be handled as follows (in lieu of being paid to Employee and/or his Permitted Transferee(s)): 

(i) if Employee declines to provide such requested services, the Continuing Incentive Amount shall be paid to the holders of
Class D Units as of immediately prior to the consummation of such Sale of the Company (pro rata among such holders based on the number of Class D Units then owned by each such holder), and, thereafter, neither Employee nor his
Permitted Transferee(s) shall have any rights in respect of or other claims on such amounts (other than his status as a holder of Units); or 

(ii) if Employee agrees to provide such requested services, the Continuing Incentive Amount shall be deposited into an escrow
account with an escrow agent designated by the Company, and the Continuing Incentive Amount shall be handled as follows: 

(A) if Employee provides such requested services from and after consummation of the Sale of the Company through the earliest of
(w) the date on which Acquiror reduces Employee’s Post-Sale Compensation below the base salary, bonus opportunity and welfare and fringe benefits provided to Employee by Employer immediately prior to such Sale of the Company (excluding any
equity or other equity-based incentive compensation), (x) the date on which the Acquiror terminates such services (other than with cause), (y) Employee’s death or Disability and (z) the first anniversary of the consummation of the Sale of
the Company (the earliest of (w), (x), (y) and (z), the “Final Vesting Date”), then the Continuing Incentive Amount, together with any income earned thereon, shall be released to Employee and/or his Permitted Transferee(s), as
applicable, within five (5) business days after the Final Vesting Date; or 
 (B) if Employee fails to provide such
requested services from and after the consummation of the Sale of the Company through the Final Vesting Date, then the Continuing Incentive Amount, together with any income earned thereon, shall be paid to the holders of Class D Units as of
immediately prior to the consummation of such Sale of the Company (pro rata among such holders based on the number of Class D Units then owned by each such holder), and, thereafter, neither Employee nor his Permitted Transferee(s) shall
have any rights in respect of or other claims on such amounts (other than his status as a holder of Units). 
 (iii) For
purposes of this Agreement, “Continuing Incentive Amount” means all consideration to which Employee and, to the extent necessary, his Permitted Transferee(s) are otherwise entitled in connection with such Sale of the Company in
respect of 25% of the Incentive Units that either vested or were granted within the three-year period ending on the date of the consummation of the Sale of the Company without giving effect to the vesting acceleration described in the first sentence
of Section 2(b). 

  
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 (c) All Incentive Units which have become vested hereunder, if any, are collectively
referred to as “Vested Incentive Units”. All Incentive Units which have not become vested hereunder, if any, are collectively referred to herein as the “Unvested Incentive Units.” 

3. Forfeiture and Repurchase Option. 

(a) Forfeiture; Repurchase Option. In the event of a Separation, (i) all Unvested Incentive Units (whether held by Employee or one
or more of Employee’s transferees, other than the Company and the GTCR Investors) automatically (without any action by Employee or any of Employee’s transferees) will be forfeited to the Company and deemed canceled and no longer
outstanding without any payment therefor, and (ii) all Vested Incentive Units (whether held by Employee or one or more of Employee’s transferees, other than the Company and the GTCR Investors) will be subject to a right of repurchase by
the Company and the GTCR Investors pursuant to the terms and conditions in this Section 3 (the “Repurchase Option”). In the event of a Separation that results from Employer’s termination of
Employee’s employment with Cause or from the Employee’s resignation, then, in addition to the forfeiture of all Unvested Incentive Units, all Vested Incentive Units (whether held by Employee or one or more of Employee’s transferees,
other than the Company and the GTCR Investors) automatically (without any action by Employee or any of Employee’s transferees) will be forfeited to the Company and deemed canceled and no longer outstanding without any payment therefor. The
Company may assign its repurchase rights set forth in this Section 3 to any Person; provided that if there is a Subsidiary Public Offering and the securities of such Subsidiary are distributed to the members of the Company,
then such Subsidiary will be treated as the Company for purposes of this Section 3 with respect to any repurchase of the securities of such Subsidiary. 

(b) Certificates. Promptly upon the forfeiture of any Incentive Units pursuant to this Section 3 (whether held
by Employee or one of Employee’s transferees, other than the Company and the GTCR Investors). Employee and Employee’s transferees shall return the certificates, if any, evidencing such Incentive Units to the Company and the Company shall
mark as canceled all such certificated evidencing such forfeited Incentive Units. 
 (c) Purchase Price. In the event of a Separation,
the purchase price for each Vested Incentive Unit will be the Fair Market Value of such Unit. The Fair Market Value of any Unit for purposes of this Section 3(c) shall be the Fair Market Value of such Unit as of the date of
the closing of the repurchase. 
 (d) Repurchase Notice. The Company may elect to purchase all or any portion of the Incentive Units
pursuant to this Section 3(d) by delivering written notice (the “Repurchase Notice”) to the holder or holders of such securities within nine months after the Separation. The Repurchase Notice will set forth
the number of Unvested Incentive Units and the number of Vested Incentive Units to be acquired from each holder, the aggregate consideration to be paid for such Units and the time and place for the closing of the transaction. If the number of
Unvested Incentive Units and/or Vested Incentive Units then held by Employee is less than the total number of Unvested Incentive Units and/or Vested Incentive Units that the Company has elected to purchase, the Company shall purchase the remaining
Incentive Units elected to be purchased from the other holder(s) of Incentive Units under this Agreement (i.e., Employee’s Permitted Transferees), pro rata according to the number of Unvested Incentive Units and/or Vested
Incentive Units, as applicable, held by such other holder(s) at the time of delivery of such Repurchase Notice (determined as nearly as practicable to the nearest Unit). 

  
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 (e) Supplemental Repurchase Notice. If for any reason the Company does not elect to
purchase all of the Incentive Units pursuant to the Repurchase Option, the GTCR Investors shall be entitled to exercise the Repurchase Option for all or any portion of the Incentive Units which the Company has not elected to purchase (the
“Available Securities”). As soon as practicable after the Company has determined that there will be Available Securities, but in any event before the date that is six months and one day after the Separation, the Company shall give
written notice (the “Option Notice”) to the GTCR Investors setting forth the number of Available Securities and the purchase price for the Available Securities. The GTCR Investors may elect to purchase any or all of the Available
Securities by giving written notice to the Company within nine months after the Separation. If the GTCR Investors elect to purchase an aggregate number of any class of Available Securities greater than the number of Available Securities of such
class, the Available Securities of such class shall be allocated among the GTCR Investors based upon the number of Units of such class owned by each Investor. As soon as practicable, and in any event within ten days after the expiration of the
nine-month period set forth above, the Company shall notify each holder of Incentive Units as to the number of Units of each class being purchased from such holder by the GTCR Investors (the “Supplemental Repurchase Notice”). At the
time the Company delivers the Supplemental Repurchase Notice to the holder(s) of Incentive Units, the Company shall also deliver written notice to each Investor setting forth the number of Units of each class such GTCR Investor is entitled to
purchase, the aggregate purchase price and the time and place of the closing of the transaction. The total number of Unvested Incentive Units and the total number of Vested Incentive Units to be repurchased hereunder will be allocated between
Employee and the other holders of Incentive Units (if any) pro rata according to the number of Incentive Units to be purchased from each of them. 

(f) Closing of Repurchase. The closing of the purchase of the Incentive Units pursuant to the Repurchase Option shall take place on the
date designated by the Company in the Repurchase Notice or Supplemental Repurchase Notice, which date shall not be more than one month nor less than five days after the delivery of the later of either such notice to be delivered. The Company will
pay for the Incentive Units to be purchased by it pursuant to the Repurchase Option by first offsetting amounts outstanding under any bona fide debts owed by Employee to the Company or any of its Subsidiaries, and will pay the remainder of the
purchase price by, at its option, (i) a check or wire transfer of funds, (ii) distributing to the holder one or more classes of securities issued by a Subsidiary of the Company provided that promptly following such distribution the
Subsidiary that issued the distributed securities shall redeem or repurchase such securities from such holder for an amount of cash equal to the repurchase price of the Employee Securities so repurchased (which Transfer the Company and the holder
will treat as a distribution of securities of the Subsidiary under Code Section 731(a)), (iii) the issuance of a subordinated promissory note of the Company bearing interest at a per annum rate determined by the Board in its sole discretion
(provided that such rate shall not be less than the prime rate as published in The Wall Street Journal from time to time), which interest shall be payable upon maturity of the note, and becoming due and payable upon the earlier to occur of a
Sale of the Company or the liquidation and dissolution of the Company, (iv) issuing in exchange for such securities a number of the Company’s Class B-2 Units (having the rights and preferences
set forth in the LLC Agreement) equal to (A) the aggregate portion of the repurchase price for such Incentive Units determined in accordance with this Section 3(f) to be paid by the issuance of Class B-2 Units divided by (B) 1,000, and, for purposes of the LLC Agreement, each such Class B-2 Unit shall as of its issuance be deemed to have
Capital Contributions made with respect to such Class B-2 Unit equal to $1,000, or (v) any combination of (i), (ii), (iii) and (iv) as the Board may elect in its discretion. Each GTCR Investor
will pay for the Incentive Units purchased by it by a check or wire transfer of 

  
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 funds. The Company and the GTCR Investors will be entitled to receive customary representations and
warranties from the sellers regarding such sale and to require that all sellers’ signatures be guaranteed. Notwithstanding the foregoing, the Company may, at its option, effect repurchases as contemplated by Section 4.7 of the LLC
Agreement. 
 By way of example only for the purpose of clarifying the mechanics of clause (iii) of
Section 3(f), if the Company intends to repurchase Incentive Units consisting of 300,000 Class D Units by issuance of Class B-2 Units and the aggregate repurchase price for
such Class D Units determined in accordance with this Section 3(f) is $400,500, then the Company would issue to Employee 400.5 Class B-2 Units, and, for purposes of the LLC
Agreement, each whole Class B-2 Unit issued to Employee would as of its issuance be deemed to have Capital Contributions made for such Class B-2 Unit of
$1,000, and the Capital Contributions made for the one-half Class B-2 Unit would be $500. 

(g) Restrictions on Repurchase. Notwithstanding anything to the contrary contained in this Agreement, all repurchases of Incentive Units
by the Company pursuant to the Repurchase Option and all payments of principal and interest on any promissory note issued pursuant to Section 3(f)(ii) shall be subject to applicable restrictions contained in the Delaware
Limited Liability Company Act, the Delaware General Corporation Law or such other governing corporate or limited liability company law, and in the Company’s and its Subsidiaries’ debt and equity financing agreements. If any such
restrictions prohibit (i) the repurchase of Incentive Units hereunder which the Company is otherwise entitled or required to make, (ii) dividends or other transfers of funds from one or more Subsidiaries to the Company to enable such
repurchases or (iii) the payment of principal or interest required to be paid on any promissory note issued pursuant to Section 3(f)(ii), then the Company (or the corporate successor to the Company, if applicable) may
make such repurchases and may pay amounts due on such note as soon as it is permitted to make repurchases, pay such amounts or receive funds from Subsidiaries under such restrictions. 

4. Transfer Restrictions in a Public Sale; Legend; Effect of Transfers and Conversions. 

(a) Employee Transfers in a Public Sale. In addition to the restrictions on transfer set forth in the LLC Agreement and, to the extent
applicable, any agreement executed pursuant thereto, Employee and any of his Transferees may only sell Common Stock in a Public Sale if such Common Stock is vested and to the extent that, before and after giving effect to such sale, the Employee
Cumulative Sale Percentage would be equal to or less than the Investor Cumulative Sale Percentage. Except as set forth in the prior sentence, the Incentive Units may not be Transferred in a Public Sale. In connection with any underwritten public
offering of employee securities, Employee agrees to enter into any holdback, lockup or similar agreement requested by the underwriters managing such public offering. 

(b) Legend. In addition to the legend(s) required by the LLC Agreement, each certificate evidencing the Incentive Units and each
certificate issued in exchange for or upon the Transfer of any Incentive Units (if such securities remain Incentive Units as defined herein after such Transfer) shall be stamped or otherwise imprinted with a legend in substantially the following
form: 

  
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 “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO ADDITIONAL
RESTRICTIONS ON TRANSFER, CERTAIN REPURCHASE OPTIONS, CERTAIN FORFEITURE PROVISIONS AND CERTAIN OTHER AGREEMENTS SET FORTH IN A SECURITIES AGREEMENT BETWEEN THE COMPANY AND AN EMPLOYEE OF THE COMPANY AND OTHER PARTIES, DATED AS OF SEPTEMBER 1,
2020, AS AMENDED. A COPY OF SUCH AGREEMENT MAY BE OBTAINED BY THE HOLDER HEREOF AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE.” 

The Company shall imprint such legend on certificates evidencing Incentive Units outstanding prior to the Effective Date. The legend set forth above shall be
removed from the certificates evidencing any securities which cease to be Incentive Units. 
 (c) Effect of Transfers and Conversions.
Incentive Units will continue to be Incentive Units in the hands of any holder other than Employee (except for the Company and the GTCR Investors and except for transferees in a Public Sale), and except as otherwise provided herein, each such other
holder of Incentive Units will succeed to all rights and obligations attributable to Employee as a holder of Incentive Units hereunder. Incentive Units will also include equity of the Company (or a corporate successor to the Company or a Subsidiary
of the Company) issued with respect to Incentive Units (i) by way of a Unit split, Unit distribution, conversion, or other recapitalization, (ii) by way of reorganization or recapitalization of the Company in connection with the
incorporation of a corporate successor prior to a Public Offering or (iii) by way of a distribution of securities of a Subsidiary of the Company to the members of the Company following or with respect to a Subsidiary Public Offering.
Notwithstanding the foregoing, all Unvested Incentive Units shall remain Unvested Incentive Units after any Transfer thereof (other than to the Company or any of the GTCR Investors). 

RESTRICTIVE COVENANTS 
 5.
Confidential Information. 
 (a) Obligation to Maintain Confidentiality. Employee acknowledges that the information,
observations and data (including trade secrets) obtained by him while employed by Employer both before and after the date of this Agreement concerning the business or affairs of the Company, Employer and their respective
Subsidiaries and Affiliates (“Confidential Information”) are the property of the Company, Employer or such Subsidiaries and Affiliates, including information concerning acquisition targets and opportunities in or reasonably related
to the Company’s and Employer’s business or industry of which Employee becomes aware during the Employment Period. Therefore, Employee agrees that he will not disclose to any unauthorized Person or use for his own purposes any
Confidential Information or any Third Party Information (as defined below) without the prior written consent of the Board, unless and to the extent that the Confidential Information or Third Party Information, (i) becomes generally known to and
available for use by the public other than as a result of Employee’s acts or omissions to act or (ii) is required to be disclosed pursuant to any applicable law or a court order or decree (in which case Employee shall give prior written
notice to the Company of such disclosure). Employee shall deliver to Employer at a Separation, or at any other time Employer may request, all memoranda, notes, plans, records, reports, computer files, disks and tapes, printouts and software and
other documents and data (and copies thereof) embodying or relating to the Confidential Information, Third Party Information, Work Product (as defined below) or the business of the Company, Employer and their respective Subsidiaries and Affiliates
(including all acquisition prospects, lists and contact information) which he may then possess or have under his control. 

  
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 (b) Whistleblower Protection. Notwithstanding anything to the contrary contained
herein, no provision of this Agreement shall be interpreted so as to impede Employee (or any other individual) from reporting possible violations of federal law or regulation to any governmental agency or entity, including but not limited to the
Department of Justice, the Securities and Exchange Commission, the Congress, and any agency Inspector General, or making other disclosures under the whistleblower provisions of federal law or regulation. Employee does not need the prior
authorization of the Company to make any such reports or disclosures and Employee shall not be not required to notify the Company that such reports or disclosures have been made. 

(c) Ownership of Property. Employee acknowledges that all discoveries, concepts, ideas, inventions, innovations, improvements,
developments, methods, processes, programs, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any confidential information) and all registrations or applications related thereto,
all other proprietary information and all similar or related information (whether or not patentable) that relate to the Company’s, Employer’s or any of their respective Subsidiaries’ or Affiliates’ actual or anticipated business,
research and development, or existing or future products or services and that are conceived, developed, contributed to, made, or reduced to practice by Employee (either solely or jointly with others) while employed by the Company, Employer or any of
their respective Subsidiaries or Affiliates or predecessors (including any of the foregoing that constitutes any proprietary information or records) (“Work Product”) belong to the Company, Employer or such Subsidiary or Affiliate,
and Employee hereby assigns, and agrees to assign, all of the above Work Product to the Company, Employer or to such Subsidiary or Affiliate. Any copyrightable work prepared in whole or in part by Employee in the course of his work for any of
the foregoing entities shall be deemed a “work made for hire” under the copyright laws, and the Company, Employer or such Subsidiary or Affiliate shall own all rights therein. To the extent that any such copyrightable work is not a
“work made for hire,” Employee hereby assigns and agrees to assign to the Company, Employer or such Subsidiary or Affiliate all right, title, and interest, including without limitation, copyright in and to such copyrightable work. Employee
shall promptly disclose such Work Product and copyrightable work to the Board and perform all actions reasonably requested by the Board (whether during or after the Employment Period) to establish and confirm the Company’s, Employer’s or
such Subsidiary’s or Affiliate’s ownership (including assignments, consents, powers of attorney, and other instruments). 
 (d)
Third Party Information. Employee understands that the Company, Employer and their respective Subsidiaries and Affiliates will receive from third parties confidential or proprietary information (“Third Party Information”)
subject to a duty on the Company’s, Employer’s and their respective Subsidiaries and Affiliates’ part to maintain the confidentiality of such information and to use it only for certain limited purposes. During the Employment Period
and thereafter, and without in any way limiting the provisions of Section 5(a) above, Employee will hold Third Party Information in the strictest confidence and will not disclose to anyone (other than personnel and
consultants of the Company, Employer or their respective Subsidiaries and Affiliates who need to know such information in connection with their work for the Company, Employer or their respective Subsidiaries and Affiliates) or use, except in
connection with his work for the Company, Employer or their respective Subsidiaries and Affiliates, Third Party Information unless expressly authorized by a member of the Board (other than Employee) in writing. 

  
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 (e) Use of Information of Prior Employers. During the Employment Period, Employee
will not improperly use or disclose any confidential information or trade secrets, if any, of any former employers or any other Person to whom Employee has an obligation of confidentiality, and will not bring onto the premises of the Company,
Employer or any of their respective Subsidiaries or Affiliates any unpublished documents or any property belonging to any former employer or any other Person to whom Employee has an obligation of confidentiality unless consented to in writing by the
former employer or Person. Employee will use in the performance of his duties only information which is (i) generally known and used by persons with training and experience comparable to Employee’s and which is (x) common
knowledge in the industry or (y) is otherwise legally in the public domain, (ii) is otherwise provided or developed by the Company, Employer or any of their respective Subsidiaries or Affiliates or (iii) in the case of materials,
property or information belonging to any former employer or other Person to whom Employee has an obligation of confidentiality, approved for such use in writing by such former employer or Person. 

6. Restrictive Covenants. Employee acknowledges that in the course of his employment with Employer he will become familiar with
the Company’s, Employer’s and their respective Subsidiaries’ trade secrets and with other Confidential Information concerning the Company, Employer and such Subsidiaries and that his services will be of special, unique and
extraordinary value to the Company, Employer and such Subsidiaries. Employee understands and agrees that without his employment by Employer, he would not have access or exposure to this Confidential Information or these acquisition opportunities and
other business relationships. Employee further understands and agrees that this confidential information and these acquisition opportunities and other business relationships take a long time to develop and are the product of substantial investment
by the Company, Employer and their respective Subsidiaries. Employee understands and agrees that Company, Employer and their respective Subsidiaries have a legitimate and protectable interest in protecting its confidential information and its
customer, referral source, employee, and other business relationships and that this Section 6 is intended to protect those interests. Therefore, Employee agrees that, without limiting any other obligation pursuant to this
Agreement: 
 (a) Noncompetition. During the Employment Period and for the one-year period
immediately following the Employment Period (such period, together with the Employment Period, is referred to herein as the “Restricted Period”), Employee shall not, directly or indirectly, own, manage, control, participate in,
consult with, render services for, or in any manner engage in the Competitive Business or any business which competes anywhere in the United States with any of the businesses of the Company, Employer or any of their respective Subsidiaries or
competing with any other business for which the Company, Employer or any of their respective Subsidiaries has entertained discussions or has requested and received information relating to a potential acquisition of such business by the Company,
Employer or any of their respective Subsidiaries within the two-year period immediately preceding the Separation. Nothing herein shall prohibit Employee from being a passive owner of not more than 2% of the
outstanding stock of any class of a corporation that is publicly traded, so long as Employee has no active participation in the business of such corporation. Notwithstanding anything to the contrary in this Agreement, nothing set forth herein
restricts the right of Employee to practice law after the termination of Employee’s employment with the Company to the extent such restriction would violate the applicable rules of professional conduct. 

  
 - 10 - 

 (b) Nonsolicitation; No-Hire. During the
Restricted Period, Employee shall not directly or indirectly through another entity (i) induce or attempt to induce any employee of the Company, Employer or any of their respective Subsidiaries to leave the employ of the Company, Employer or
such Subsidiary, or in any way interfere with the relationship between the Company, Employer or any of their respective Subsidiaries and any employee thereof, (ii) hire any employee of the Company, Employer or any of their respective
Subsidiaries or hire any former employee of the Company, Employer or any of their respective Subsidiaries within one year after such person ceased to be an employee of the Company, Employer or any of their respective Subsidiaries, (iii) induce
or attempt to induce any customer, supplier, licensee or other business relation of the Company, Employer or any of their respective Subsidiaries to cease doing business with the Company, Employer or such Subsidiary or in any way interfere with the
relationship between any such customer, supplier, licensee or business relation and the Company, Employer or any such Subsidiary, (iv) directly or indirectly acquire or attempt to acquire an interest in any business relating to the business of
the Company, Employer or any of their respective Subsidiaries and with which the Company, Employer or any of their respective Subsidiaries has entertained discussions or has requested and received information relating to the acquisition of such
business by the Company, Employer or any of their respective Subsidiaries at any time within the two-year period immediately preceding a Separation (an “Acquisition Target”) or
(v) provide services to any entity that acquires or attempts to acquire any Acquisition Target. 
 (c) Nondisparagement. During
the Employment Period and thereafter, Employee shall not directly or indirectly through another entity make any public statement that is intended to or could reasonably be expected to disparage the Company, Employer or their respective affiliates or
any of their respective businesses, products, services, equityholders, directors, managers, officers or employees. 
 (d) Enforcement.
If, at the time of enforcement of Section 5 or this Section 6, a court holds that the restrictions stated herein are unreasonable under circumstances then existing, the parties hereto agree that
the maximum duration, scope or geographical area reasonable under such circumstances shall be substituted for the stated period, scope or area and that the court shall be allowed to revise the restrictions contained herein to cover the maximum
duration, scope and area permitted by law. Because Employee’s services are unique and because Employee has access to confidential information, the parties hereto agree that money damages would be an inadequate remedy for any breach of this
Agreement. Therefore, in the event a breach or threatened breach of this Agreement, the Company, Employer, their respective Subsidiaries and/or their respective successors or assigns may, in addition to other rights and remedies existing in their
favor, apply to any court of competent jurisdiction for specific performance and/or injunctive or other relief in order to enforce, or prevent any violations of, the provisions hereof (without posting a bond or other security). In the event that
Employee breaches any provision of this Section 6, then the Restricted Period shall be extended for a period of time equal to the period of time during which such breach occurred and, in the event that the Company, Employer
or any of their Subsidiaries is required to seek relief from such breach in any court, then the Restricted Period shall be extended for a period of time equal to the pendency of such proceedings, including all appeals. 

(e) Additional Acknowledgments. Employee acknowledges that the provisions of this Section 6 are in consideration of:
(i) employment with Employer, (ii) the issuance of the Incentive Units by the Company and (iii) additional good and valuable consideration as set forth in this Agreement. In addition, Employee agrees and acknowledges that the
restrictions contained in Section 5 and this Section 6 do not preclude Employee from earning a livelihood, nor do they 

  
 - 11 - 

 unreasonably impose limitations on Employee’s ability to earn a living. In addition, Employee
acknowledges (x) that the business of the Company, Employer and their respective Subsidiaries will be conducted throughout the United States and other jurisdictions where the Company, Employer or any of their respective Subsidiaries conduct
business during the Employment Period, (y) notwithstanding the state of organization or principal office of the Company, Employer or any of their respective Subsidiaries, or any of their respective executives or employees (including Employee),
it is expected that the Company, Employer and their respective Subsidiaries will have business activities and have valuable business relationships within its industry throughout the United States and other jurisdictions where the Company, Employer
or any of their respective Subsidiaries conduct business during the Employment Period, and (z) as part of his responsibilities, Employee will be traveling throughout the United States and other jurisdictions where the Company, Employer
or any of their respective Subsidiaries conduct business during the Employment Period in furtherance of Employer’s business and its relationships. Employee agrees and acknowledges that the potential harm to the Company, Employer and their
respective Subsidiaries of the non-enforcement of any provision of Section 5 or this Section 6 outweighs any potential harm to Employee of its enforcement by
injunction or otherwise. Employee acknowledges that he has carefully read this Agreement and consulted with legal counsel of his choosing regarding its contents, has given careful consideration to the restraints imposed upon Employee
by this Agreement and is in full accord as to their necessity for the reasonable and proper protection of confidential and proprietary information of the Company, Employer and their respective Subsidiaries now existing or to be developed in the
future. Employee expressly acknowledges and agrees that each and every restraint imposed by this Agreement is reasonable with respect to subject matter, time period and geographical area. 

GENERAL PROVISIONS 
 7.
Definitions. 
 “Cause” means any of the following: (i) a material failure by Employee to perform
Employee’s responsibilities or duties to the Employer or Company under any agreement with the Employer or Company or those other responsibilities or duties as reasonably requested from time to time by the Board, after written demand for
performance has been given by the Board that identifies how you have not performed your responsibilities or duties and such failure, if susceptible of cure, has not been cured for a period of thirty (30) days after you receive notice from the
Board; (ii) Employee’s engagement in illegal conduct or gross misconduct that the Company in good faith believes has materially harmed or is reasonably likely to materially harm the standing and reputation of the Employer or Company;
(iii) Employee’s commission or conviction of, or plea of guilty or nolo contendere to, a felony, a crime involving moral turpitude or any other act or omission that the Company in good faith believes has materially harmed or is reasonably
likely to materially harm the standing and reputation of the Employer or Company; (iv) a material breach of your duty of loyalty to the Employer or Company or your material breach of the Employer’s or Company’s written code of conduct
and business ethics, in either case, that the Company in good faith believes has materially harmed or is reasonably likely to materially harm the standing and reputation of the Employer or Company or your breach of any of the provision of
Section 6 of this Agreement, or your material breach of any other material written agreement between you and the Employer or Company; (v) dishonesty that the Company in good faith believes has materially harmed or is reasonably likely to
materially harm the Employer or Company; (vi) fraud, gross negligence or repetitive negligence committed without regard to corrective direction in the course of discharge of Employees duties; or (vii) excessive and unreasonable absences
from your duties for any reason (other than authorized leave) or as a result of Employee’s Disability (as defined below). 

  
 - 12 - 

 “Common Stock” means, collectively, (a) following the organization of
a corporation and reorganization or recapitalization of the Company into such corporation as provided in Section 12.1 of the LLC Agreement, the common equity securities of such corporation and any other class or series of
authorized capital stock of such corporation that is not limited to a fixed sum or percentage of par or stated value in respect of the rights of the holders thereof to participate in dividends or in the distribution of assets upon any liquidation,
dissolution or winding up of such corporation, and (b) any common stock of a Subsidiary of either the Company or such corporation distributed by the Company or such corporation to its unitholders or shareholders, as applicable. 

“Disability” means Employee’s inability to perform the essential functions of his job, with or without accommodation, as
a result of any mental or physical disability or incapacity for an extended period but not less than sixty (60) business days in any consecutive 6 month period, as determined in the sole discretion of Board. 

“Employee Cumulative Sale Percentage” means, on any date of determination, a percentage equal to the quotient of (a) the
aggregate number of shares of Common Stock sold by Employee and/or his Permitted Transferees in Public Sales from and including the consummation of the Company’s initial Public Offering and to and including such date, divided by
(b) the aggregate number of shares of Common Stock held by Employee and his Permitted Transferees upon the consummation of the Company’s initial Public Offering. 

“Fair Market Value” of each Incentive Unit means the fair value of such Incentive Unit as determined in good faith by the
Board. 
 “Investor Cumulative Sale Percentage” means, on any date of determination, a percentage equal to the quotient of
(a) the aggregate number of shares of Common Stock sold by the GTCR Investors in Public Sales from and including the consummation of the Company’s initial Public Offering and to and including such date, divided by (b) the
aggregate number of shares of Common Stock held by the GTCR Investors upon the consummation of the Company’s initial Public Offering. 

“LLC Agreement” means the Limited Liability Company Agreement of the Company, as amended or modified from time to time in
accordance with its terms. 
 “Separation” means Employee ceasing to be employed by any of the Company, Employer and their
respective Subsidiaries for any reason. 
 8. Notices. All notices, demands or other communications to be given or delivered under or
by reason of the provisions of this Agreement shall be in writing and shall be deemed to have been given when (a) delivered personally to the recipient, (b) sent to the recipient by reputable express courier service (charges prepaid), (c)
mailed to the recipient by certified or registered mail, return receipt requested and postage prepaid, or (d) telecopied to the recipient (with hard copy sent to the recipient by reputable overnight courier service (charges prepaid) that same
day) if telecopied before 5:00 p.m. Chicago, Illinois time on a business day, and otherwise on the next business day. Such notices, demands and other communications shall be sent to the parties at the addresses indicated below: 

  
 - 13 - 

 If to Company: 

c/o GTCR Management 
 300 North
LaSalle Street 
 Chicago, Illinois 60654 

Facsimile:     (312) 382-2201 

Attention:      Christian B. McGrath 

with copies to: 
 GTCR
Management 
 300 North LaSalle Street 

Chicago, Illinois 60654 

Facsimile:     (312) 382-2201 

Email:           Christian.mcgrath@gtcr.com 

Attention:      Christian B. McGrath 

Latham & Watkins LLP 

885 Third Avenue 
 New York, NY
10022 
 Facsimile: (212) 751-4864 

Email:          ted.sonnenschein@lw.com 

    bradd.williamson@lw.com 

Attention:    Ted Sonnenschein 

    Bradd Williamson 

If to Employee: the address most recently set forth in the Company’s records or such other address or to the attention of such
other Person as the recipient party shall have specified by prior written notice to the sending party. 
 9. General Provisions. 

(a) Transfers in Violation of Agreement. Any Transfer or attempted Transfer of any Incentive Units in violation of any provision of this
Agreement shall be void, and the Company shall not record such Transfer on its books or treat any purported Transferee of such Incentive Units as the owner of such equity for any purpose. 

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

(c) Entire Agreement. This Agreement, those documents expressly referred to herein and other documents of even date herewith embody the
complete agreement and understanding among the parties hereto and supersede and preempt any prior understandings, agreements or representations by or among the parties hereto, written or oral, which may have related to the subject matter hereof in
any way. 

  
 - 14 - 

 (d) Descriptive Headings; Interpretation; No Strict Construction. The descriptive
headings of this Agreement are inserted for convenience only and do not constitute a substantive part of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine, or
neuter forms, and the singular form of nouns, pronouns, and verbs shall include the plural and vice versa. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. Reference to any agreement,
document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance with the terms thereof, and, if applicable, hereof. The use of the words “or,” “either,” and
“any” shall not be exclusive. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if
drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. 

(e) Counterparts. This Agreement may be executed in multiple counterparts with the same effect as if all signing parties had signed the
same document. All counterparts shall be construed together and constitute the same instrument. 
 (f) Successors and Assigns. Except
as otherwise provided herein, this Agreement shall bind and inure to the benefit of and be enforceable by Employee, the Company and their respective successors and assigns (including subsequent holders of Incentive Units); provided that the
rights and obligations of Employee under this Agreement shall not be assigned or delegated except for the assignment and delegation of Employee’s rights and obligations hereunder as a holder of Incentive Units in connection with a permitted
Transfer of Incentive Units hereunder and under the other Transaction Documents. 
 (g) Applicable Law. This Agreement shall be
governed by, and construed in accordance with, the laws of the State of Delaware, without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Delaware or any other jurisdiction) that would cause the
application of the laws of any jurisdiction other than the State of Delaware. 
 (h) Jurisdiction; Venue; Service of Process. Each
party hereto agrees that it may bring any action between the parties hereto arising out of or related to this Agreement in the Court of Chancery of the State of Delaware (the “Court of Chancery”) or, to the extent the Court of
Chancery does not have subject matter jurisdiction, the United States District Court for the District of Delaware and the appellate courts having jurisdiction of appeals in such courts (the “Delaware Federal Court”) or, to the
extent neither the Court of Chancery nor the Delaware Federal Court has subject matter jurisdiction, the Superior Court of the State of Delaware (the “Chosen Courts”), and, solely with respect to any such action (a) irrevocably
submits to the non-exclusive jurisdiction of the Chosen Courts, (b) waives any objection to laying venue in any such action in the Chosen Courts, (c) waives any objection that the Chosen Courts are
an inconvenient forum or do not have jurisdiction over any party hereto and (d) agrees that service of any process, summons, notice or document pursuant to Section 8 shall be effective service of process in any action,
suit or proceeding in Delaware with respect to any matters to which it has submitted to jurisdiction as set forth in the immediately preceding sentence. 

  
 - 15 - 

 (i) MUTUAL WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH
COMPLEX TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES HERETO WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES HERETO DESIRE THAT THEIR DISPUTES
BE RESOLVED BY A JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, EACH PARTY TO THIS AGREEMENT HEREBY WAIVES ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, SUIT,
OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY OF THE PARTIES HERETO, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE, ARISING OUT OF, CONNECTED WITH, RELATED OR INCIDENTAL TO THIS AGREEMENT AND/OR THE TRANSACTIONS CONTEMPLATED
HEREBY AND/OR THE RELATIONSHIP ESTABLISHED AMONG THE PARTIES HEREUNDER. 
 (j) Employee’s Cooperation. During the Employment
Period and thereafter, upon reasonable request and subject to the reasonable conditions as Employee may reasonably request, Employee shall cooperate with the Company, Employer and their respective Subsidiaries and Affiliates in any disputes
with third parties, internal investigation or administrative, regulatory or judicial proceeding (including Employee being available to the Company upon reasonable notice for interviews and factual investigations, appearing at the Company’s
request to give testimony without requiring service of a subpoena or other legal process, volunteering to the Company all pertinent information and turning over to the Company all relevant documents which are or may come into Employee’s
possession, all at times and on schedules that are reasonably consistent with Employee’s other permitted activities and commitments). In the event the Company requires Employee’s cooperation in accordance with this paragraph after the
Employment Period, the Company shall reimburse Employee for reasonable travel expenses (including lodging and meals, upon submission of receipts). 

(k) Remedies. Each of the parties to this Agreement shall have all rights and remedies set forth in this Agreement and all rights and
remedies which such Person has been granted at any time under any other agreement or contract and all of the rights which such Person has under any law. Each of the parties to this Agreement will be entitled to enforce its rights under this
Agreement specifically, to recover damages and costs caused by any breach of any provision of this Agreement and to exercise all other rights existing in its favor. The parties hereto agree and acknowledge that money damages may not be an adequate
remedy for any breach of the provisions of this Agreement and that any party may in its sole discretion apply to any court of law or equity of competent jurisdiction (without posting any bond or deposit) for specific performance and/or other
injunctive relief in order to enforce or prevent any violations of the provisions of this Agreement. 
 (l) Amendment and Waiver. The
provisions of this Agreement may be amended and waived only with the prior written consent of the Company, Employer, Employee and the Required Interest (as defined in the Contribution Agreement). No failure by any party to insist upon the strict
performance of any covenant, duty, agreement, or condition of this Agreement or to exercise any right or remedy consequent upon a breach thereof shall constitute a waiver of any such breach or any other covenant, duty, agreement, or condition. The
waiver by any party of a breach of any covenant, duty, agreement, or condition of this Agreement of any other party shall not operate or be construed as a waiver of any subsequent breach of that provision or any other provision hereof. 

  
 - 16 - 

 (m) Insurance. The Company or Employer, at its discretion, may apply for and procure
in its own name and for its own benefit life and/or disability insurance on Employee in any amount or amounts considered available. Employee agrees to reasonably cooperate in any medical or other examination, supply any information, and to execute
and deliver any applications or other instruments in writing as may be reasonably necessary to obtain and constitute such insurance. 
 (n)
Business Days. If any time period for giving notice or taking action hereunder expires on a day which is a Saturday, Sunday or holiday in the state in which the Company’s chief executive office is located, the time period shall be
automatically extended to the business day immediately following such Saturday, Sunday or holiday. 
 (o) Indemnification and
Reimbursement of Payments on Behalf of Employee. The Company, Employer and their respective Subsidiaries shall be entitled to deduct or withhold from any amounts owing from the Company, Employer or any of their respective Subsidiaries to
Employee (including withholding shares or other equity securities in the case of issuances of equity by the Company, Employer or any of their respective Subsidiaries) any federal, state, local or foreign withholding taxes, excise taxes, or
employment taxes (“Taxes”) imposed with respect to Employee’s compensation or other payments from the Company, Employer or any of their respective Subsidiaries or Employee’s ownership interest in the Company, including
wages, bonuses, distributions, the receipt or exercise of equity options and/or the receipt or vesting of restricted equity. In the event any such deductions or withholdings are not made, Employee shall indemnify the Company, Employer and each of
their respective Subsidiaries for any amounts paid with respect to any such Taxes. 
 (p) Termination. This Agreement shall survive a
Separation and shall remain in full force and effect after such Separation. 
 (q) Adjustments of Numbers. All numbers set forth
herein that refer to Unit prices or amounts will be appropriately adjusted to reflect Unit splits, Unit distributions, combinations of Units and other recapitalizations affecting the subject class of equity. 

(r) Deemed Transfer of Incentive Units. If the Company (and/or any other Person acquiring securities) shall make available, at the time
and place and in the amount and form provided in this Agreement, the consideration for the Incentive Units to be repurchased, in each case, in accordance with the provisions of this Agreement, then from and after such time, the Person from whom such
Units are to be repurchased shall no longer have any rights as a holder of such Units (other than the right to receive payment of such consideration in accordance with this Agreement), and such Units shall be deemed purchased in accordance with the
applicable provisions hereof and the Company (and/or any other Person acquiring securities) shall be deemed the owner and holder of such Units, whether or not the certificates therefor have been delivered as required by this Agreement. 

(s) No Pledge or Security Interest. The purpose of the Company’s retention of Employee’s certificates and executed security
powers is solely to facilitate the provisions set forth in Section 3 herein and Section 8.2 of the LLC Agreement and does not by itself constitute a pledge by Employee of, or the granting of a
security interest in, the underlying equity. 

  
 - 17 - 

 (t) Subsidiary Public Offering. If, after consummation of a Subsidiary Public
Offering, the Company distributes securities of such Subsidiary to members of the Company, then such securities will be treated in the same manner as (but excluding any “preferred” features of the Units with respect to which they were
distributed) the Units with respect to which they were distributed for purposes of Sections 1, 2, 3, and 4. 

(u) Electronic Delivery. This Agreement, the agreements referred to herein, and each other agreement or instrument entered into in
connection herewith or therewith or contemplated hereby or thereby, and any amendments hereto or thereto, to the extent signed and delivered by means of a photographic, photostatic, facsimile, portable document format (.pdf), or similar reproduction
of such signed writing using a facsimile machine or electronic mail shall be treated in all manner and respects as an original agreement or instrument and shall be considered to have the same binding legal effect as if it were the original signed
version thereof delivered in person. At the request of any party hereto or to any such agreement or instrument, each other party hereto or thereto shall re-execute original forms thereof and deliver them to
all other parties hereto. No party hereto or to any such agreement or instrument shall raise the use of a facsimile machine or electronic mail to deliver a signature or the fact that any signature or agreement or instrument was transmitted or
communicated through the use of a facsimile machine or electronic mail as a defense to the formation or enforceability of a contract and each such party forever waives any such defense. 

(v) No Third-Party Beneficiaries. Except as expressly provided herein, no term or provision of this Agreement is intended to be, or
shall be, for the benefit of any Person not a party hereto, and no such other Person shall have any right or cause of action hereunder. 

*    *    *    *    * 

 

  
 - 18 - 

 IN WITNESS WHEREOF, the parties hereto have executed this Securities Agreement as of the
date first above written. 
  

			
	HOYA TOPCO, LLC
		
	By:	 	 /s/ Stanley Chia

	Name:	 	 Stanley Chia

	Title:	 	 CEO

	
	EMPLOYEE
		
	By:	 	 /s/ Jonathan M. Wagner

	Name:	 	 Jonathan M. Wagner

 EXHIBIT A 

PROTECTIVE ELECTION TO INCLUDE MEMBERSHIP 

INTEREST IN GROSS INCOME PURSUANT TO 

SECTION 83(b) OF THE INTERNAL REVENUE CODE 

On September 1, 2020, the undersigned acquired a limited liability company membership interest (the “Membership
Interest”) in HOYA TOPCO, LLC, a Delaware limited liability company (the “Company”), for $0.00. Pursuant to the Limited Liability Company Agreement of the Company, the undersigned is entitled to an interest in Company
capital exactly equal to the amount paid therefor and an interest in Company profits. 
 Based on current Treasury Regulation §1.721-1(b), Proposed Treasury Regulation §1.721-1(b)(1), and Revenue Procedures 93-27 and
2001-43, the undersigned does not believe that issuance of the Membership Interest to the undersigned is subject to the provisions of §83 of the Internal Revenue Code (the “Code”). In the
event that the sale is so treated, however, the undersigned desires to make an election to have the receipt of the Membership Interest taxed under the provisions of Code §83(b) at the time the undersigned acquired the Membership Interest. 

Therefore, pursuant to Code §83(b) and Treasury Regulation §1.83-2 promulgated thereunder,
the undersigned hereby makes an election, with respect to the Membership Interest, to report as taxable income for the calendar year 2020 the excess (if any) of the value of the Membership Interest on September 1, 2020 over the purchase
price thereof. 
 The following information is supplied in accordance with Treasury Regulation
§ 1.83-2(e): 
  

	1.	 The name, address and social security number of the undersigned: 

 

	
	 Name: Jon Wagner

	 Address: 
  

	 Soc. Sec. No.:
                                         
           

  

	2.	 A description of the property with respect to which the election is being made: 

240,000 of the Company’s Series 4 Class D Units representing a membership interest in the Company entitling the undersigned to
an interest in the Company’s capital exactly equal to the amount paid therefore and an interest in Company profits. 
  

	3.	 The date on which the Membership Interest was transferred: September 1, 2020. The taxable year for which
such election is made: 2020. 

  

	4.	 The restrictions to which the property is subject: If the undersigned ceases to be employed by the Company or
any of its subsidiaries at certain times, the unvested, and in certain circumstances, the vested portion of the Units will be subject to forfeiture without payment of any consideration. 

	5.	 The fair market value on September 1, 2020 of the property with respect to which the election is being
made, determined without regard to any lapse restrictions and in accordance with Revenue Procedure 93-27: $0.00. 

  

	6.	 The amount paid or to be paid for such property: $0.00. 

*    *    *    *    * 

 A copy of this election is being furnished to the Company pursuant to Treasury Regulation § 1.83-2(e)(7). 
 Dated: ______________, 2020 

 

	
	  

	Taxpayer

 EXHIBIT B 

ASSIGNMENT SEPARATE FROM CERTIFICATE 

FOR VALUE RECEIVED, Jon Wagner does hereby sell, assign and transfer unto ___________________________, _________________ __________________
Units of HOYA TOPCO, LLC, a Delaware limited liability company (the “Company”), standing in the undersigned’s name on the books of the Company represented by Certificate Nos. _________________ herewith and does hereby
irrevocably constitute and appoint each principal of GTCR LLC, GTCR Golder Rauner, L.L.C. or GTCR Golder Rauner II, L.L.C. (acting alone or with one or more other such principals) as attorney to transfer the said securities on the books of the
Company with full power of substitution in the premises. 
 Dated as of: ______________ 

 

	
	  

	Jon Wagner

 Schedule I 

Vesting of the Incentive Units 
  

									
	 Vesting Date
	  	Percentage of Incentive
Units Vesting on Vesting
Date	 	 	Cumulative Percentage
of Incentive Units
Vested as of the Vesting
Date	 
	 June 30, 2021
	  	 	20	% 	 	 	20	% 
	 June 30, 2022
	  	 	20	% 	 	 	40	% 
	 June 30, 2023
	  	 	20	% 	 	 	60	% 
	 June 30, 2024
	  	 	20	% 	 	 	80	% 
	 June 30, 2025
	  	 	20	% 	 	 	100	%Exhibit
10.1 

 

SECURITIES PURCHASE AGREEMENT

 

This Securities Purchase
Agreement (this “Agreement”) is dated as of August 16, 2021, between
CooTek (Cayman) Inc., a company incorporated under the laws of the Cayman Islands (the “Company”), and Mercer
Street Global Opportunity Fund LLC (the “Purchaser”).

 

WHEREAS, subject to the terms
and conditions set forth in this Agreement, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase
from the Company, securities of the Company as more fully described in this Agreement.

 

WHEREAS, the Company and
the Purchaser desire to enter into this transaction to purchase the securities pursuant to a currently effective (i) shelf registration
statement of the Company on Form F-3 (File No. 333-251355) (the “Shelf Registration Statement”) and (ii) a
registration statement on Form F-6, which has registered not less than 50,000,000 ADSs (File No. 333-227412)
(the “ADS Registration Statement,” and together with the Shelf Registration Statement, the “Registration Statements”).

 

WHEREAS, the Purchaser desires
to subscribe and purchase, and the Company desires to sell the aggregate number of ADSs (defined below) set forth below, to be issued
pursuant to the Deposit Agreement dated September 27, 2018, entered into among the Company, Deutsche Bank Trust Company Americas, as
depositary (the “Depositary”), and the holders and beneficial owners of ADSs evidenced by American depositary receipts
(“ADRs”) issued thereunder (the “Deposit Agreement”).

 

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 the Purchaser agree as follows:

 

ARTICLE I.

DEFINITIONS

 

1.1            Definitions.
In addition to the words and terms defined elsewhere in this Agreement, for all purposes of this Agreement, the following terms have the
meanings set forth in this Section 1.1:

 

“Action”
shall have the meaning ascribed to such term in Section 3.11.

 

“ADSs” means
American depositary shares, each representing 50 Ordinary Shares.

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Board of Directors”
means the board of directors of the Company.

 

“Closing”
means a closing of the purchase and sale of the Offered Securities pursuant to Section 2.1.

 

“Closing Date”
means the Trading Day on which this Agreement has been executed and delivered by the applicable parties thereto (or such other date as
the parties may agree), and all conditions precedent to (i) the Purchaser’s obligations to pay the Subscription Amount and
(ii) the Company’s obligations to deliver the Securities to be issued and sold, in each case, have been satisfied or waived,
but in no event later than the third Trading Day following the date hereof.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“DWAC”
shall mean The Depository Trust Company Deposit or Withdrawal at Custodian system.

 

“Exchange Act”
means the Securities Exchange Act of 1934, and the rules and regulations promulgated thereunder.

 

    1 

     

    

 

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

 

“Liens”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material Adverse
Effect” shall have the meaning assigned to such term in Section 3.3.

 

“Offered ADSs”
means the ADSs issuable to the Purchaser upon deposit of the Offered Shares.

 

“Offered Securities”
means the Offered Shares sold to the Purchaser pursuant to this Agreement, including all of the Offered ADSs issuable upon deposit of
such Offered Shares.

 

“Offered Shares”
means the Ordinary Shares sold to the Purchaser pursuant to this Agreement, to be represented by the Offered ADSs issuable upon deposit
of such Ordinary Shares.

 

“Ordinary Shares”
means Class A ordinary shares of the Company, par value US$0.00001 per share.

 

“Ordinary Share Equivalents”
means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire at any time Ordinary Shares,
including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at any time convertible into
or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Ordinary Shares.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company,
joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial proceeding,
such as a deposition) pending or, to the Company’s knowledge, threatened in writing against or affecting the Company, any Subsidiary
or any of their respective properties before or by any court, arbitrator, governmental or administrative agency or regulatory authority
(federal, state, county, local or foreign).

 

“Prospectus Supplement”
means any supplement to the Shelf Registration Statement complying with Rule 424(b) of the Securities Act that is filed with
the Commission.

 

“Public Disclosure”
shall have the meaning ascribed to such term in Section 5.11.

 

“Purchaser Party”
shall have the meaning ascribed to such term in Section 5.8.

 

“Required Approvals”
shall have the meaning ascribed to such term in Section 3.6.

 

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted from
time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“SEC Reports”
shall have the meaning ascribed to such term in Section 3.9.

 

“Securities Act”
means the Securities Act of 1933, and the rules and regulations promulgated thereunder.

 

“Short Sales”
means all “short sales” as defined in Rule 200 of Regulation SHO under the Exchange Act (but shall not be deemed to include
the location and/or reservation of borrowable securities).

 

“Significant Subsidiaries”
has the meaning given to such term in Rule 405 under the Securities Act.

 

“Subscription Amount”
shall have the meaning ascribed to such term in Section 2.1.

 

“Subsidiary”
means with respect to any entity at any date, any direct or indirect corporation, limited or general partnership, limited liability company,
trust, estate, association, joint venture or other business entity of which (A) more than 50% of (i) the outstanding capital
stock having (in the absence of contingencies) ordinary voting power to elect a majority of the Board of Directors or other managing body
of such entity, (ii) in the case of a partnership or limited liability company, the interest in the capital or profits of such partnership
or limited liability company or (iii) in the case of a trust, estate, association, joint venture or other entity, the beneficial
interest in such trust, estate, association or other entity business is, at the time of determination, owned or controlled directly or
indirectly through one or more intermediaries, by such entity, or (B) is under the actual control of the Company.

 

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“Trading Day”
means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Offered Securities are listed or quoted for trading
on the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,
the New York Stock Exchange, the OTCQB, the OTCQX, or the OTC Pink Marketplace (or any successors to any of the foregoing).

 

“Transaction Documents”
means this Agreement, and any other documents or agreements executed in connection with the transactions contemplated hereunder.

 

“US GAAP”
shall have the meaning ascribed to such term in Section 3.9.

 

ARTICLE II.

PURCHASE AND SALE

 

2.1            Purchase,
Sale and Delivery of the Securities. On the Closing Date, upon the terms and subject to
the conditions set forth herein, substantially concurrent with the execution and delivery of this Agreement by the parties hereto,
the Company agrees to sell, and the Purchaser agree to purchase, US$1,500,000 (“Subscription
Amount”) of Offered ADSs at a purchase price of US$1.5151 per share. The Company shall deliver to the Purchaser the
Offered ADSs, and the Company and each Purchaser shall deliver the other items set forth in Section 2.2 deliverable at the
Closing. Upon satisfaction or waiver of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur at
such location as the parties shall mutually agree. Unless otherwise agreed, settlement of the Offered ADSs shall occur either via
wire and DWAC, directly to the account(s) identified by the Purchaser, and payment therefor shall be made by the Purchaser by
wire transfer to the Company).

 

2.2            Deliveries.

 

(a)            On
or prior to the Closing Date, the Company shall deliver or cause to be delivered to the Purchaser the following:

 

(i)            this
Agreement duly executed by the Company;

 

(ii)            legal
opinion of the Company’s Cayman Islands counsel, in a form reasonably acceptable to the Purchaser;

 

(iii)          the
Company shall have provided the Purchaser with the Company’s wire instructions, on Company letterhead and executed by the Chief
Executive Officer or Chief Financial Officer;

 

(iv)          a
copy of the irrevocable instructions to the Depositary instructing the Depositary to deliver on an expedited basis via DWAC the
amount of Offered ADSs being purchased hereunder;

 

(v)           the
Prospectus Supplement that shall have been filed with the Commission in accordance with the Rules and Regulations registering the
transactions contemplated hereunder. No stop order suspending the effectiveness of the Registration
Statements or of any respective part thereof shall have been issued and no Proceeding for that purpose shall have been instituted or,
to the knowledge of the Company, shall have been contemplated by the Commission; and

 

(vi)          confirmation
that the Offered ADSs have been accepted for listing on the New York Stock Exchange.

 

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(b)            On
or prior to the Closing Date, the Purchaser shall deliver or cause to be delivered to the Company the following:

 

(i)            this
Agreement duly executed by the Purchaser; and

 

(ii)           the
Purchaser’s Subscription Amount which shall be made in immediately available funds in United
States dollars to the bank account designated by the Company via wire.

 

2.3            Closing
Conditions for the Company. The obligations of the Company hereunder in connection with the Closing are subject to the following conditions
being met:

 

(i)            the
accuracy in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect,
in all respects) on the applicable Closing Date of the representations and warranties of the Purchaser contained herein (unless as of
a specific date therein in which case they shall be accurate as of such date);

 

(ii)            all
obligations, covenants and agreements of the Purchaser required to be performed at or prior to the Closing Date shall have been performed;
and

 

(iii)            the
delivery by the Purchaser of the items set forth in Section 2.2(b) of this Agreement.

 

2.4            Closing
Conditions for the Purchaser. The obligations of the Purchaser hereunder in connection with the Closing are subject to the following
conditions being met:

 

(i)            accuracy
in all material respects (or, to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in
all respects) when made and on the applicable Closing Date of the representations and warranties of the Company contained herein (unless
as of a specific date therein in which case they shall be accurate as of such date);

 

(ii)            all
obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been performed;

 

(iii)            the
delivery by the Company of the items set forth in Section 2.2(a) of this Agreement; and

 

(iv)            from
the date hereof to the Closing Date trading in the Offered Securities shall not have been suspended by the Commission or the Company’s
principal Trading Market, and, at any time prior to the Closing Date, trading in securities generally as reported by Bloomberg L.P. shall
not have been suspended or limited, or minimum prices shall not have been established on securities whose trades are reported by such
service, or on any Trading Market, nor shall a banking moratorium have been declared either by the United States or New York State authorities
nor shall there have occurred any material outbreak or escalation of hostilities or other national or international calamity of such magnitude
in its effect on, or any material adverse change in, any financial market which, in each case, in the reasonable judgment of the Purchaser,
makes it impracticable or inadvisable to purchase the Offered Securities at the Closing.

 

ARTICLE III.

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

3.1            Representations
and Warranties of the Company. Except as set forth in the SEC Reports filed prior to the date of this Agreement without giving effect
to any amendment to any such SEC Report filed on or after the date hereof and excluding any disclosure of risks included in any “forward-looking
statements” disclaimer or any other statements that are similarly cautionary, predictive or forward-looking in nature, the Company
hereby makes the following representations and warranties in the following sections below to the Purchaser as of the Closing Date.

 

    4 

     

    

 

3.2            Subsidiaries.
All of the direct and indirect Significant Subsidiaries of the Company are set forth in the SEC Reports. The Company owns, directly or
indirectly, all of the capital stock or other equity interests of each such Subsidiary, and all of the issued and outstanding shares of
capital stock of each such Subsidiary are validly issued and are fully paid, non-assessable (to the extent such concept applies under
relevant law) and free of preemptive and similar rights to subscribe for or purchase securities.

 

3.3            Organization
and Qualification. The Company and its Significant Subsidiaries each are an entity duly incorporated or otherwise organized, validly
existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite power and authority
to own and use its properties and assets and to carry on its business as currently conducted. The Company is not in violation nor default
of any of the provisions of its currently effective memorandum and articles of association. The Company and its Significant Subsidiaries
are each a duly qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in
which the nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be
so qualified or in good standing, as the case may be, could not have or reasonably be expected to result in: (i) a material adverse
effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results of
operations, assets, business, prospects or condition (financial or otherwise) of the Company, taken as a whole, or (iii) a material
adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction
Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been instituted in any
such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority or qualification.

 

3.4            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 Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The
execution and delivery of this Agreement and each of the other Transaction Documents 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 in connection herewith or therewith other than in connection with the Required
Approvals. Subject to obtaining the Required Approvals, this Agreement and each other Transaction Document to which it is a party has
been (or upon delivery will have been) duly executed by the Company and, when delivered in accordance with the terms hereof and thereof,
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.

 

3.5            No
Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents to which it
is a party, the issuance and sale of the Offered Securities and the consummation by it of the transactions contemplated hereby and thereby
do not and will not (i) conflict with or violate any provision of the Company’s currently effective memorandum and articles
of association, or (ii) conflict with, or constitute a default under, result in the creation of any Lien upon any of the properties
or assets of the Company, or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice,
lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Company debt or otherwise) or other
understanding to which the Company is a party or by which any property or asset of the Company is bound or affected, or (iii) subject
to the Required Approvals, conflict with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or
other restriction of any court or governmental authority to which the Company is subject (including federal and state securities laws
and regulations), or by which any property or asset of the Company is bound or affected; except in the case of each of clauses (ii) and
(iii), such as could not have or reasonably be expected to result in a Material Adverse Effect.

 

3.6            Filings,
Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization or order of, give any notice to,
or make any filing or registration with, any court or other federal, state, local or other governmental authority or other Person in connection
with the execution, delivery and performance by the Company of the Transaction Documents, other than: (i) consents, authorizations,
orders, filings or registrations as specifically contemplated under the Transaction Documents, (ii) the filings required pursuant
to Section 3.5 of this Agreement, blue sky filings or a Form D filing, (iii) the filings as may be required under the Securities
Act and any applicable state securities laws, or (iv) application to any applicable Trading Market for the listing of the Offered
Securities, following registration of such shares under the Securities Act, for trading thereon in the time and manner required thereby
(the “Required Approvals”).

 

    5 

     

    

 

3.7            Issuance
of the Offered Securities. The Offered Shares are duly authorized and, when issued and paid for in accordance with the
applicable Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed
by the Company. Upon the due issuance by the Depositary of the Offered ADSs against the deposit of the Offered Shares in accordance
with the provisions of the Deposit Agreement, such Offered ADSs will be duly and validly issued under the Deposit Agreement and
Persons in whose name such Offered ADSs are registered will be entitled to the right of registered holders of ADRs evidencing the
ADSs specified therein and in the Deposit Agreement.

 

3.8            Capitalization.
The Company has not issued any capital stock (ordinary shares) since its most recently filed periodic report under the Exchange Act, other
than pursuant to the instruments disclosed in the SEC Report and the exercise of employee stock awards under the Company’s equity
incentive plans, the issuance of shares of Ordinary Shares to employees pursuant to the Company’s employee stock purchase plans
and pursuant to the conversion and/or exercise of Ordinary Share Equivalents outstanding as of the date of the most recently filed periodic
report under the Exchange Act. No Person has any right of first refusal, preemptive right, right of participation, or any similar right
to participate in the transactions contemplated by the Transaction Documents. As a result of the purchase and sale of the Offered Securities,
there are no outstanding options, warrants, scrip rights to subscribe to, calls or commitments of any character whatsoever relating to,
or securities, rights or obligations convertible into or exercisable or exchangeable for, or giving any Person any right to subscribe
for or acquire, any Offered Securities or the capital stock (ordinary shares) of any Subsidiary, or contracts, commitments, understandings
or arrangements by which the Company or any Subsidiary is or may become bound to issue additional shares of Ordinary Shares or Ordinary
Share Equivalents or capital stock (ordinary shares) of any Subsidiary.

 

3.9            SEC
Reports; Financial Statements. The Company has filed, in all material respects, all reports, schedules, forms, statements and other
documents required to be filed by the Company under the Securities Act and the Exchange Act, including pursuant to Section 13(a) or
15(d) thereof, for the two years preceding the date hereof (or such shorter period as the Company was required by law or regulation
to file such material) (the foregoing materials, including the exhibits thereto and documents incorporated by reference therein, being
collectively referred to herein as the “SEC Reports”) on a timely basis or has received a valid extension or waiver
of such time of filing and has filed any such SEC Reports prior to the expiration of any such extension. As of their respective dates,
the SEC Reports complied in all material respects with the requirements of the Securities Act and the Exchange Act, as applicable, and
none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state a material fact required to
be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading. The Company has never been an issuer subject to Rule 144(i) under the
Securities Act. The financial statements of the Company included in the SEC Reports comply in all material respects with applicable accounting
requirements and the rules and regulations of the Commission with respect thereto as in effect at the time of filing. Such financial
statements have been prepared in accordance with accounting principles generally accepted in the United States of America applied on a
consistent basis during the periods involved (“US GAAP”), except as may be otherwise specified in such financial statements
or the notes thereto and except that unaudited financial statements may not contain all footnotes required by US GAAP, and fairly present
in all material respects the financial position of the Company and its consolidated Subsidiaries as of and for the dates thereof and the
results of operations and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial,
year-end audit adjustments.

 

3.10            Material
Changes; Undisclosed Events, Liabilities or Developments. Since the date of the latest financial statements included within the SEC
Reports, there has been no event, occurrence or development that has had or that could reasonably be expected to result in a Material
Adverse Effect. Other than as disclosed on other schedules to this Agreement and except for the issuance of the Offered Securities contemplated
by this Agreement, no event, liability, fact, circumstance, occurrence or development has occurred or exists or is reasonably expected
to occur or exist with respect to the Company or its businesses, prospects, properties, operations, assets or financial condition that
would be required to be disclosed by the Company under applicable securities laws at the time this representation is made or deemed made
that has not been publicly disclosed at least one Trading Day prior to the date that this representation is made.

 

    6 

     

    

 

3.11            Litigation.
There is no action, suit, inquiry, notice of violation, proceeding or investigation, inquiry or other similar proceeding of any federal
or state government unit pending or, to the knowledge of the Company, threatened against or affecting the Company or any of its properties
before or by any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign)
(collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability
of any of the Transaction Documents or the issuance of the Offered Securities or (ii) could, if there were an unfavorable decision,
have or reasonably be expected to result in a Material Adverse Effect. There has not been, and to the knowledge of the Company, there
is not pending or contemplated, any investigation or inquiry by the Commission involving the Company or any current or former director
or officer of the Company.

 

3.12            [RESERVED]

 

3.13            Compliance.
Neither the Company nor any of its Significant Subsidiaries is in violation of any judgment, decree or order or any statute, ordinance,
rule or regulation applicable to the Company or any of its Significant Subsidiaries, and neither the Company nor any of its Significant
Subsidiaries will conduct its business in violation of any of the foregoing, except in all cases for violations which would not reasonably
be expected to have a Material Adverse Effect.

 

3.14            [RESERVED]

 

3.15            Regulatory
Permits. The Company and each of its Significant Subsidiaries possess all certificates, authorizations and permits issued by the appropriate
regulatory authorities necessary to conduct their respective businesses, except where the failure to possess such certificates, authorizations
or permits would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, and neither the Company
nor any of its Significant Subsidiaries has received any notice of proceedings relating to the revocation or modification of any such
certificate, authorization or permit, except where such revocation or modification would not have, individually or in the aggregate, a
Material Adverse Effect. There is no agreement, commitment, judgment, injunction, order or decree binding upon the Company or any of its
Significant Subsidiaries or to which the Company or any of its Significant Subsidiaries is a party which has or would reasonably be expected
to have the effect of prohibiting or materially impairing any business practice of the Company or any of its Significant Subsidiaries,
any acquisition of property by the Company or any of its Significant Subsidiaries or the conduct of business by the Company or any of
its Significant Subsidiaries as currently conducted other than such effects, individually or in the aggregate, which have not had and
would not reasonably be expected to have a Material Adverse Effect on the Company or any of its Significant Subsidiaries.

 

3.16            Title
to Assets. Subject to the Liens, each of the Company and the Significant Subsidiaries has good and marketable title in fee simple
to all personal property owned by it that is material to the business of the Company. The Company owns no real property. Any real property
and facilities held under lease by the Company are held by them under valid, subsisting and enforceable leases with which the Company
are in compliance.

 

3.17            [RESERVED]

 

3.18            Insurance.
The Company and the Significant Subsidiaries are each insured by insurers of recognized financial responsibility against such losses and
risks and in such amounts as are prudent and customary in China and in the businesses in which the Company and its Significant Subsidiaries
are engaged.

 

3.19            Transactions
with Affiliates and Employees. None of the officers or directors of the Company and, to the knowledge of the Company, none of the
employees of the Company or any Subsidiary is presently a party to any material transaction with the Company (other than for services
as employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services
to or by, providing for rental of real or personal property to or from, providing for the borrowing of money from or lending of money
to or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in
which any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member
or partner, in each case in excess of $120,000 other than for (i) payment of salary or consulting fees for services rendered, (ii) reimbursement
for expenses incurred on behalf of the Company and (iii) other employee benefits, including stock award agreements under any equity
incentive plan of the Company.

 

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3.20            [RESERVED]

 

3.21            Certain
Fees. The Purchaser shall have no obligation with respect to any brokerage or finder’s fees or commissions or with respect to
any claims made by or on behalf of other Persons for fees of a type contemplated in this Section that may be due by the Company in
connection with the transactions contemplated by the Transaction Documents.

 

3.22            Investment
Company. The Company is not, and immediately after receipt of payment for the Offered Securities, will not be required to register
as an “investment company” under the Investment Company Act of 1940, as amended. The Company shall conduct its business in
a manner so that it will not become an “investment company” subject to registration under the Investment Company Act of 1940,
as amended.

 

3.23            Registration
Rights. No Person has any right to cause the Company or any Subsidiary to effect the registration under the Securities Act of any
securities of the Company or any Subsidiary.

 

3.24            Listing
and Maintenance Requirements. The Offered Securities are registered pursuant to Section 12(b) or 12(g) of the Exchange
Act, and the Company has taken no action designed to, or which to its knowledge is likely to have the effect of, terminating the registration
of the Offered Securities under the Exchange Act nor has the Company received any notification that the Commission is contemplating terminating
such registration. The Company has not, in the 12 months preceding the date hereof, received notice from any Trading Market on which the
Ordinary Shares are or have been listed or quoted to the effect that the Company is not in compliance with the listing or maintenance
requirements of such Trading Market that has not been resolved prior to the date hereof. The Company is and has no reason to believe that
it will not in the foreseeable future continue to be, in compliance with all such listing and maintenance requirements. The Offered Securities
currently eligible for electronic transfer through the Depository Trust Company or another established clearing corporation and the Company
is current in payment of the fees to the Depository Trust Company (or such other established clearing corporation) in connection with
such electronic transfer.

 

3.25            [RESERVED]

 

3.26            Disclosure.
Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents, the Company confirms
that neither it nor any other Person acting on its behalf has provided the Purchaser or its agent or counsel with any information that
it believes constitutes or might constitute material, non-public information which has not otherwise been disclosed. The Company understands
and confirms that the Purchaser will rely on the foregoing representation in effecting transactions in securities of the Company. The
Company acknowledges and agrees that the Purchaser has not made or makes any representations or warranties with respect to the transactions
contemplated hereby other than those specifically set forth in this Agreement.

 

3.27            No
Integrated Offering. Assuming the accuracy of the Purchaser’s representations and warranties, neither the Company, nor any of
its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly, made any offers or sales of any security or
solicited any offers to buy any security, under circumstances that would cause this offering of the Offered Securities to be integrated
with prior offerings by the Company for purposes of any applicable stockholder approval provisions of any Trading Market on which any
of the securities of the Company are listed or designated.

 

3.28            Solvency.
Based on the consolidated financial condition of the Company as of the Closing Date, after giving effect to the receipt by the Company
of the proceeds from the sale of the Offered Securities hereunder, (i) the Company’s assets do not constitute unreasonably
small capital to carry on its business as now conducted and as proposed to be conducted including its capital needs taking into account
the particular capital requirements of the business conducted by the Company, consolidated and projected capital requirements and capital
availability thereof, and (ii) the current cash flow of the Company, together with the proceeds the Company would receive, were it
to liquidate all of its assets, after taking into account all anticipated uses of the cash, would be sufficient to pay all amounts on
or in respect of its liabilities when such amounts are required to be paid. The Company does not intend to incur debts beyond its ability
to pay such debts as they mature (taking into account the timing and amounts of cash to be payable on or in respect of its debt). The
Company has no knowledge of any facts or circumstances which lead it to believe that it will file for reorganization or liquidation under
the bankruptcy or reorganization laws of any jurisdiction within one year from the Closing Date.

 

    8 

     

    

 

3.29            Tax
Status. The Company (and each Significant Subsidiary) have each filed all federal, state, local and foreign tax returns which have
been required to be filed and paid all taxes shown thereon through the date hereof, to the extent that such taxes have become due and
are not being contested in good faith, except where the failure to so file or pay would not have a Material Adverse Effect. No tax deficiency
has been determined adversely to the Company which has had, or would have, individually or in the aggregate, a Material Adverse Effect.
The Company has no knowledge of any federal, state or other governmental tax deficiency, penalty or assessment which has been or might
be asserted or threatened against it which would have a Material Adverse Effect

 

3.30            Foreign
Corrupt Practices. Neither the Company, nor to the knowledge of the Company, any agent or other person acting on behalf of the Company,
has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful expenses related
to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials or employees
or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully any contribution
made by the Company (or made by any person acting on its behalf of which the Company is aware) which is in violation of law, or (iv) violated
any provision of FCPA.

 

3.31            Accountants.
The Company’s accounting firm is set forth in the SEC Reports. To the knowledge and belief of the Company, such accounting firm
is a registered public accounting firm registered with the Public Company Accounting Oversight Board as required by the Exchange Act.

 

3.32            Acknowledgment
Regarding Purchaser’s Purchase of Offered Securities. The Company acknowledges and agrees that the Purchaser is acting solely
in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the transactions contemplated thereby.
The Company further acknowledges that the Purchaser is not acting as a financial advisor or fiduciary of the Company (or in any similar
capacity) with respect to the Transaction Documents and the transactions contemplated thereby and any advice given by the Purchaser or
any of their respective representatives or agents in connection with the Transaction Documents and the transactions contemplated thereby
is merely incidental to the Purchaser’s purchase of the Offered Securities. The Company further represents to the Purchaser that
the Company’s decision to enter into this Agreement and the other Transaction Documents has been based solely on the independent
evaluation of the transactions contemplated hereby by the Company and its representatives.

 

3.33            [RESERVED]

 

3.34            Regulation
M Compliance. The Company has not, and to its knowledge no one acting on its behalf has, (i) taken, directly or indirectly, any
action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the
sale or resale of any of the Offered Securities, (ii) sold, bid for, purchased, or, paid any compensation for soliciting purchases
of, any of the Offered Securities, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase
any other securities of the Company.

 

3.35            Office
of Foreign Assets Control. Neither the Company nor, to the Company's knowledge, any director, officer, agent, employee or affiliate
of the Company is currently subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department
(“OFAC”).

 

3.36            U.S.
Real Property Holding Corporation. The Company is not and has never been a U.S. real property holding corporation within the meaning
of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s request.

 

3.37            Bank
Holding Company Act. The Company is not subject to the Bank Holding Company Act of 1956, as amended (the “BHCA”)
and to regulation by the Board of Governors of the Federal Reserve System (the “Federal Reserve”). The Company does
not own or control, directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five
percent or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither
the Company nor any of its Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank or any
entity that is subject to the BHCA and to regulation by the Federal Reserve.

 

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3.38            Money
Laundering. The operations of the Company is and has been conducted at all times in compliance with applicable financial record-keeping
and reporting requirements of the Currency and Foreign Transactions Reporting Act of 1970, as amended, applicable money laundering statutes
and applicable rules and regulations thereunder (collectively, the “Money Laundering Laws”), and no Action or
Proceeding by or before any court or governmental agency, authority or body or any arbitrator involving the Company with respect to the
Money Laundering Laws is pending or, to the knowledge of the Company or any Subsidiary, threatened.

 

3.39            Foreign
Private Issuer Status. The Company is a “Foreign Private Issuer” within the meaning of Rule 405 under the Securities
Act.

 

3.40            Registration
Statements and Prospectuses. The Company has filed with the Commission the Registration Statement and such amendments to such Registration
Statement as may have been required to the date hereof, covering the registration of the Offered Securities under the Securities Act,
which has been declared effective by the Commission under the Securities Act. The Registration Statement meets the requirements set forth
in Rule 415(a)(1)(x) under the Securities Act and complies with said rule and the Prospectus Supplement will meet the requirements
set forth in Rule 424(b) in all material respects. Any reference in this Agreement to the Registration Statement, the Prospectus
or the Prospectus Supplement shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item
6 of Form F-3 which were filed under the Exchange Act, on or before the date of this Agreement, or the issue date of the Prospectus
Supplement, as the case may be; and any reference in this Agreement to the terms “amend,” “amendment” or “supplement”
with respect to the Registration Statement or the Prospectus Supplement shall be deemed to refer to and include the filing of any document
under the Exchange Act after the date of this Agreement, or the issue date of the Prospectus Supplement, as the case may be, deemed to
be incorporated therein by reference. All references in this Agreement to financial statements and schedules and other information which
is “contained,” “included,” “described,” “referenced,” “set forth” or “stated”
in the Registration Statement or the Prospectus Supplement (and all other references of like import) shall be deemed to mean and include
all such financial statements and schedules and other information which is or is deemed to be incorporated by reference in the Registration
Statements or the Prospectus Supplement, as the case may be. No stop order suspending the effectiveness of the Registration Statement
or the use of the Prospectus or the Prospectus Supplement has been issued, and no proceeding for any such purpose is pending or has been
initiated or, to the Company’s knowledge, is threatened by the Commission. The Offered Securities conform in all material respects
to all statements with respect thereto contained in the Registration Statements, the Prospectus and the Prospectus Supplement. Immediately
after the execution and delivery of this Agreement, the Company will prepare and file with the Commission a Prospectus Supplement to the
Shelf Registration Statement relating to the Offered Securities and the offering thereof in accordance with the provisions of Rule 430B
and Rule 424(b) of the Rules and Regulations.

 

ARTICLE IV.

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER

 

4.1            Representations
and Warranties of the Purchaser. The Purchaser hereby represents and warrants as of the date hereof and as of the Closing Date to
the Company as follows (unless as of a specific date therein):

 

4.2            Organization;
Authority. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under
the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar
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 and performance by the Purchaser of the transactions contemplated
by this Agreement have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable,
on the part of the Purchaser. Each Transaction Document to which it is a party has been duly executed by the Purchaser, and when delivered
by the Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of the Purchaser, enforceable
against it 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.

 

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4.3            No
Conflicts. The execution, delivery and performance by the Purchaser of this Agreement and the other Transaction Documents to which
it is a party, and the consummation by it of the transactions contemplated hereby and thereby do not and will not (i) conflict with
or violate any provision of the Purchaser’s Articles of Incorporation, bylaws or other organizational or charter documents, each
as currently in effect, or (ii) conflict with, or constitute a default under, result in the creation of any Lien upon any of the
properties or assets of the Purchaser, or give to others any rights of termination, amendment, acceleration or cancellation (with or without
notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing a Purchaser debt or otherwise)
or other understanding to which the Purchaser is a party or by which any property or asset of the Purchaser is bound or affected, or (iii) conflict
with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Purchaser is subject (including federal and state securities laws and regulations), or by which any property or
asset of the Purchaser is bound or affected; except in the case of each of clauses (ii) and (iii), such as could not have or reasonably
be expected to result in a Material Adverse Effect.

 

4.4            Understandings
or Arrangements. The Purchaser is acquiring the Offered Securities as principal for its own account and has no direct or indirect
arrangement or understandings with any other persons to distribute or regarding the distribution of such Offered Securities (this representation
and warranty not limiting the Purchaser’s right to sell the Offered Securities in compliance with applicable U.S. federal and state
securities laws). The Purchaser is acquiring such Offered Securities as principal for his, her or its own account and not with a view
to or for distributing or reselling such Offered Securities or any part thereof in violation of the Securities Act or any applicable state
securities law, has no present intention of distributing any of such Offered Securities in violation of the Securities Act or any applicable
state securities law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the
distribution of such Offered Securities in violation of the Securities Act or any applicable state securities law (this representation
and warranty not limiting the Purchaser’s right to sell such Offered Securities pursuant to a registration statement or otherwise
in compliance with applicable federal and state securities laws).

 

4.5            Purchaser
Status. At the time the Purchaser was offered the Offered Securities, it was, and as of the date hereof it is, outside the United
States or an institutional accredited investor within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities
Act.

 

4.6            Experience
of the Purchaser. The Purchaser, either alone or together with its representatives, has such knowledge, sophistication and experience
in business and financial matters so as to be capable of evaluating the merits and risks of the prospective investment in the Offered
Securities, and has so evaluated the merits and risks of such investment. The Purchaser understands that its investment in the Offered
Securities involves a high degree of risk. The Purchaser can bear the economic risk of an investment in the Offered Securities and, at
the present time, is able to afford a complete loss of such investment.

 

4.7            Access
to Information. The Purchaser acknowledges that it has had the opportunity to review the Transaction Documents (including all exhibits
and schedules thereto) and of the SEC Reports. The Purchaser and its advisors (and his or its counsel), if any, have been furnished with
all materials relating to the business, finances and operations of the Company and information it deemed material to making an informed
investment decision regarding the purchase of the Offered Securities. The Purchaser and its advisors, if any, have been afforded the opportunity
to ask questions of the Company and its management. The Purchaser has sought such accounting, legal and tax advice as it has considered
necessary to make an informed investment decision with respect to its purchase of the Offered Securities.

 

4.8            No
Short Sale. Neither the Purchaser nor its affiliates has any open short position in the Ordinary Shares or the ADSs, nor has the Purchaser
entered into any hedging transaction that establishes a net short position with respect to the Ordinary Shares or ADSs, and the Purchaser
agrees that it shall not, and that it will cause its affiliates not to, engage in any short sales or hedging transactions with respect
to the Ordinary Shares or ADSs. The Purchaser is aware that Short Sales and other hedging activities may be subject to applicable federal
and state securities laws, rules and regulations and the Purchaser acknowledges that the responsibility of compliance with any such
federal or state securities laws, rules and regulations is solely the responsibility of the Purchaser.

 

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4.9            Not
an Affiliate. The Purchaser is not (i) an officer or director of the Company or any of its Subsidiaries, (ii) an “affiliate”
(as defined in Rule 144 promulgated under the 1933 Act (or a successor rule thereto)) of the Company or any of its Subsidiaries
or (iii) a “beneficial owner” of more than 10% of the shares of Ordinary Shares or ADSs (as defined for purposes of Rule 13d-3
of the 1934 Act).

 

4.10            Certain
Transactions and Confidentiality. The Purchaser has not, nor has any Person acting on behalf of or pursuant to any understanding with
the Purchaser, directly or indirectly executed any purchases or sales, including Short Sales, of the securities of the Company during
the period commencing as of the time that the Purchaser first received a term sheet (written or oral) from the Company or any other Person
representing the Company setting forth the material terms of the transactions contemplated hereunder and ending immediately prior to the
execution hereof. Notwithstanding the foregoing, in the case of a Purchaser that is a multi-managed investment vehicle whereby separate
portfolio managers manage separate portions of the Purchaser’s assets and the portfolio managers have no direct knowledge of the
investment decisions made by the portfolio managers managing other portions of the Purchaser’s assets, the representation set forth
above shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase
the Offered Securities covered by this Agreement. Other than to other Persons party to this Agreement or to the Purchaser’s representatives,
including, without limitation, its officers, directors, partners, legal and other advisors, employees, agents and Affiliates, the Purchaser
has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms
of this transaction).

 

The Company acknowledges and agrees that the representations
contained in this Agreement shall not modify, amend or affect the Purchaser’s right to rely on the Company’s representations
and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other
document or instrument executed and/or delivered in connection with this Agreement or the consummation of the transaction contemplated
hereby.

 

ARTICLE V.

OTHER AGREEMENTS OF THE PARTIES

 

5.1            Legends.
The Offered Securities shall be issued free of restrictive legends.

 

5.2            Amendments
to Registration Statement. The Company has delivered, or will as promptly as practicable deliver, at the reasonable request of the
Purchaser, to the Purchaser complete conformed copies of the Registration Statement and of each consent and certificate of experts, as
applicable, filed as a part thereof, and conformed copies of the Registration Statement (without exhibits), the Prospectus and the Prospectus
Supplement, as amended or supplemented. Neither the Company nor any of its directors and officers has distributed and none of them will
distribute, prior to the Closing Date, any offering material in connection with the offering and sale of the Offered Securities other
than the Prospectus, the Prospectus Supplement, the Registration Statement, and copies of the documents incorporated by reference therein.

 

5.3            Prospectus
Supplement. On the Closing Date, the Company shall file with the Prospectus Supplement disclosing all information relating to the
transaction contemplated and an updated Plan of Distribution, including, without limitation, the name of the Purchaser, a description
of the Offered Securities, the terms of the offering, and other material terms of the offering, and any other information or disclosure
necessary to register the transaction contemplated herein.

 

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5.4            Securities
Laws Disclosure; Publicity. The Company shall promptly (no later than by 5:30 p.m. New York City Time on the second Trading Day
following the execution date hereof), file a Current Report on Form 6-K or a Prospectus Supplement disclosing the material terms
of this Agreement, including the Transaction Documents as exhibits thereto, with the Commission. In addition, effective upon the issuance
of such Form 6-K or Prospectus Supplement, the Company acknowledges and agrees that any and all confidentiality or similar obligations
under any agreement, whether written or oral, between the Company, any of its Subsidiaries or any of their respective officers, directors,
agents, employees or Affiliates on the one hand, and the Purchaser or any of their Affiliates on the other hand, shall terminate. The
Prospectus Supplement shall include all material, non-public information delivered to the Purchaser by the Company or any of its Subsidiaries,
or any of their respective officers, directors, employees or agents in connection with the transactions contemplated by the Transaction
Documents. The Company and the Purchaser shall consult with each other in issuing any press releases with respect to the transactions
contemplated hereby, and neither the Company nor the Purchaser shall issue any such press release nor otherwise make any such public statement
without the prior consent of the Company, with respect to any press release of the Purchaser, or without the prior consent of the Purchaser,
with respect to any press release of the Company, which consent shall not unreasonably be withheld or delayed, except if such disclosure
is required by law, in which case the disclosing party shall promptly provide the other party with prior notice of such public statement
or communication.

 

5.5            [RESERVED]

 

5.6            Non-Public
Information. Except with respect to the material terms and conditions of the transactions contemplated by the Transaction Documents,
which shall be disclosed pursuant to this Section and except as permitted under Section 4.11, the Company covenants and agrees
that neither it, nor any other Person acting on its behalf will provide the Purchaser or its agents or counsel with any information that
constitutes, or the Company reasonably believes constitutes, material non-public information, unless prior thereto the Purchaser shall
have consented to the receipt of such information and agreed with the Company to keep such information confidential. Prior to providing
the Purchaser with any material non-public information, the Company shall provide the Purchaser with a consent substantially in the form
attached as Exhibit A (“Consent”) which shall not include any material non-public information. The Company
shall not provide the Purchaser with the material non-public information if the Purchaser does not execute and return the Consent to the
Company. The Company understands and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions
in securities of the Company. To the extent that the Company delivers any material, non-public information to a Purchaser without the
Purchaser’s consent, the Company hereby covenants and agrees that the Purchaser shall not have any duty of confidentiality to the
Company, any of its Subsidiaries, or any of their respective officers, directors, agents, employees or Affiliates, not to trade on the
basis of, such material, non-public information, provided that the Purchaser shall remain subject to applicable law. To the extent that
any notice provided pursuant to any Transaction Document or any other communications made by the Company, or information provided, to
the Purchaser constitutes, or contains, material, non-public information regarding the Company or any Subsidiaries, the Company shall
simultaneously file such notice or other material information with the Commission pursuant to a Current Report on Form 6-K. The Company
understands and confirms that the Purchaser shall be relying on the foregoing covenant in effecting transactions in securities of the
Company.

 

5.7            Use
of Proceeds. The Company shall not use the net proceeds from the sale of the Offered Securities hereunder (a) in violation of
FCPA or OFAC regulations, or (b) to lend money, give credit, or make advances to any officers or directors of the Company.

 

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5.8            Indemnification
of Purchaser. Subject to the provisions of this Section, the Company will indemnify and hold the Purchaser and its directors, officers,
stockholders, members, partners, employees and agents (and any other Persons with a functionally equivalent role of a Person holding such
titles notwithstanding a lack of such title or any other title), each Person who controls the Purchaser (within the meaning of Section 15
of the Securities Act and Section 20 of the Exchange Act), and the directors, officers, stockholders, agents, members, partners or
employees (and any other Persons with a functionally equivalent role of a Person holding such titles notwithstanding a lack of such title
or any other title) of such controlling persons (each, a “Purchaser Party”) harmless from any and all losses, liabilities,
obligations, claims, contingencies, damages, costs and expenses, including all judgments, amounts paid in settlements, court costs and
reasonable attorneys’ fees and costs of investigation (including local counsel, if retained) that any the Purchaser Party reasonably
incurred (the “Indemnification Amount”) as a result of or relating to (a) any breach of any of the representations,
warranties, covenants or agreements made by the Company in this Agreement or in the other Transaction Documents, (b) any action instituted
against the Purchaser Parties in any capacity, or any of them or their respective Affiliates, by any stockholder of the Company who is
not an Affiliate of the Purchaser Party, with respect to any of the transactions contemplated by the Transaction Documents (unless such
action is solely based upon a breach of the Purchaser Party’s representations, warranties or covenants under the Transaction Documents
or any agreements or understandings the Purchaser Party may have with any such stockholder or any violations by the Purchaser Party of
state or federal securities laws or any conduct by the Purchaser Party which constitutes fraud, gross negligence, willful misconduct or
malfeasance) or any untrue or alleged untrue statement of a material fact contained in any registration statement, any prospectus or any
form of prospectus or in any amendment or supplement thereto or in any prospectus, or arising out of or relating to any omission or alleged
omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus or
supplement thereto, in light of the circumstances under which they were made) not misleading. If any action shall be brought against the
Purchaser Party in respect of which indemnity may be sought pursuant to this Agreement, the Purchaser Party shall promptly notify the
Company in writing, and the Company shall have the right to assume the defense thereof with counsel of its own choosing reasonably acceptable
to the Purchaser Party; provided, however, the Indemnification Amount shall in no event exceed the Subscription Amount. Any Purchaser
Party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses
of such counsel shall be at the expense of the Purchaser Party except to the extent that (i) the employment thereof has been specifically
authorized by the Company in writing, (ii) the Company has failed after a reasonable period of time to assume such defense and to
employ counsel or (iii) in such action there is, in the reasonable opinion of counsel, a material conflict on any material issue
between the position of the Company and the position of the Purchaser Party, in which case the Company shall be responsible for the reasonable
fees and expenses of no more than one such separate counsel. The Company will not be liable to the Purchaser Party under this Agreement
(y) for any settlement by a Purchaser Party effected without the Company’s prior written consent, which shall not be unreasonably
withheld or delayed; or (z) to the extent, but only to the extent that a loss, claim, damage or liability is attributable to the
Purchaser Party’s breach of any of the representations, warranties, covenants or agreements made by the Purchaser Party in this
Agreement or in the other Transaction Documents. The Purchaser Parties shall have the right to settle any action against any of them by
the payment of money provided that they cannot agree to any equitable relief and the Company, its officers, directors and Affiliates receive
unconditional releases in customary form. The indemnification required by this Section 5.8 shall be made by periodic payments of
the amount thereof during the investigation or defense, as and when bills are received or are incurred. The indemnity agreements contained
herein shall be in addition to any cause of action or similar right of the Purchaser Party against the Company or others and any liabilities
the Company may be subject to pursuant to law.

 

5.9            Listing
or Quotation of Offered ADSs. The Company hereby agrees to use best efforts to maintain the listing or quotation of the Offered
ADSs on the Trading Market on which it is currently listed or quoted. The Company further agrees, if the Company applies to have the
Offered ADSs traded on any other Trading Market, it will then include in such application all of the Offered ADSs, and will take
such other action as is necessary to cause all of the Offered ADSs to be listed or quoted on such other Trading Market as promptly
as possible. The Company will then take all action necessary to continue the listing or quotation and trading of its Offered ADSs on
a Trading Market and will comply in all respects with the Company’s reporting, filing and other obligations under the bylaws
or rules of the Trading Market. The Company agrees to maintain the eligibility of the Offered ADSs for electronic transfer
through the Depository Trust Company or another established clearing corporation, including, without limitation, by timely payment
of fees to the Depository Trust Company or such other established clearing corporation in connection with such electronic
transfer.

 

5.10            Integration.
The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2
of the Securities Act) that would be integrated with the offer or sale of the Offered Securities for purposes of the rules and regulations
of any Trading Market such that it would require shareholder approval prior to the closing of such other transaction unless shareholder
approval is (i) obtained before the closing of such subsequent transaction, or (ii) not required pursuant to the Company’s
election to follow the home country practice.

 

5.11            Certain
Transactions and Confidentiality. The Purchaser covenants that neither it nor any Affiliate acting on its behalf or pursuant to any
understanding with it will execute any purchases or sales, including Short Sales of any of the Company’s securities during the period
commencing with the execution of this Agreement and ending at such time that the transactions contemplated by this Agreement are first
publicly announced pursuant to any press release or any filing with the Commission (the “Public Disclosure”). The Purchaser
covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company pursuant to the
Public Disclosure, the Purchaser will maintain the confidentiality of the existence and terms of this transaction. Notwithstanding the
foregoing and notwithstanding anything contained in this Agreement to the contrary, the Company expressly acknowledges and agrees that
(i) the Purchaser does not make any representation, warranty or covenant hereby that it will not engage in effecting transactions
in any securities of the Company after the time that the transactions contemplated by this Agreement are first publicly announced pursuant
to the Public Disclosure except as provided in Section 4.8, (ii) the Purchaser shall not be restricted or prohibited from effecting
any transactions in any securities of the Company in accordance with applicable securities laws from and after the time that the transactions
contemplated by this Agreement are first publicly announced pursuant to the Public Disclosure except as provided in Section 4.8,
and (iii) the Purchaser shall not have any duty of confidentiality or duty not to trade in the securities of the Company to the Company
or its Subsidiaries after the issuance of the initial Public Disclosure. Notwithstanding the foregoing, in the case of a Purchaser, if
applicable, that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of the Purchaser’s
assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions
of the Purchaser’s assets, the covenant set forth above shall only apply with respect to the portion of assets managed by the portfolio
manager that made the investment decision to purchase the Offered Securities covered by this Agreement.

 

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5.12            Maintenance
of Property. The Company shall keep all of its property necessary for the operations of its business, which is necessary or useful
to the conduct of its business, in good working order and condition, ordinary wear and tear excepted.

 

5.13            Preservation
of Corporate Existence. The Company shall preserve and maintain its corporate existence, rights, privileges and franchises in the
jurisdiction of its incorporation, and qualify and remain qualified, as a foreign corporation in each jurisdiction in which such qualification
is necessary in view of its business or operations and where the failure to qualify or remain qualified might reasonably have a Material
Adverse Effect upon the financial condition, business or operations of the Company taken as a whole.

 

5.14            Drawing
Down on Registration Statement. Unless obligated or contemplated under agreements in effect as of the date hereof or under the SEC
Reports, the Company shall not issue any Ordinary Shares, ADRs or ADSs under the Registration Statements for 15 days from the date hereof.

 

ARTICLE VI.

MISCELLANEOUS

 

6.1            Termination.
This Agreement may be terminated by the Purchaser by written notice to the other parties, if the Closing Date has not been consummated
on or before the fourth Trading Day following the date hereof; provided, however, that no such termination will affect the right of any
party to sue for any breach by any other party (or parties).

 

6.2            Fees
and Expenses. Except as expressly set forth below and in the Transaction Documents to the contrary, each party shall pay the fees
and expenses of its advisers, counsel, accountants and other experts, if any, and all other expenses incurred by such party incident to
the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall pay all the fees payable to the
Depositary (including, without limitation, any fees required for same-day processing of any instruction letter delivered by the Company
and any exercise notice delivered by a Purchaser), stamp taxes and other taxes and duties levied in connection with the delivery of any
Securities to the Purchaser. The Company shall pay the legal fees of the Purchaser up to $5,000. The Purchaser may withhold this amount
from its Subscription Amount.

 

6.3            Entire
Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding of the parties
with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral or written, with respect
to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

6.4            Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be in writing and shall
be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication is delivered by email
attachment at the email address as set forth on the signature pages attached hereto at or prior to 5:30 p.m. (New York City
time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication is delivered via
email attachment at the email address as set forth on the signature pages attached hereto on a day that is not a Trading Day or later
than 5:30 p.m. (New York City time) on any Trading Day, (c) the second Trading Day following the date of transmission, if sent
by U.S. nationally recognized overnight delivery service or (d) upon actual receipt by the party to whom such notice is required
to be given. The address for such notices and communications shall be as set forth on the signature pages attached hereto. To the
extent that any notice provided pursuant to any Transaction Document constitutes, or contains, material, non-public information regarding
the Company or any Subsidiaries, the Company shall within two Trading Days file such notice with the Commission pursuant to a Current
Report on Form 6-K.

 

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6.5            Amendments;
Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written instrument signed, in
the case of an amendment, by the Company and Purchaser or, in the case of a waiver, by the party against whom enforcement of any such
waived provision is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be
deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of
any such right. Any amendment effected in accordance with accordance with this Section 6.5 shall be binding upon the Purchaser and
holder of Securities and the Company.

 

6.6            Headings.
The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed to limit or affect any
of the provisions hereof.

 

6.7            Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns.
The Company may not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Purchaser. Each
Purchaser may assign any or all of its rights under this Agreement to any Person to whom the Purchaser assigns or transfers any Securities,
provided that such transferee agrees in writing to be bound, with respect to the transferred Offered Securities, by the provisions of
the Transaction Documents that apply to the Purchaser.

 

6.8            No
Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors and permitted
assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as otherwise set forth in
Section 5.8 and this Section 6.8.

 

6.9            Governing
Law; Exclusive Jurisdiction; Attorneys’ Fees. All questions concerning the construction, validity, enforcement and interpretation
of the Transaction Documents shall be governed by and construed and enforced in accordance with the internal laws of the State of New
York, without regard to the principles of conflicts of law thereof. Each party agrees that all legal Proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against
a party hereto or its respective affiliates, directors, officers, stockholders, partners, members, employees or agents) shall be commenced
exclusively in the state and federal courts sitting in the New York County, New York. Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the New York County, New York for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any
of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any Action or Proceeding, any claim that it
is not personally subject to the jurisdiction of any such court, that such Action or Proceeding is improper or is an inconvenient venue
for such Proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such
Action or Proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such
party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law. If any party shall commence an Action or Proceeding to enforce any provisions of the Transaction Documents,
then, in addition to the obligations of the Company elsewhere in this Agreement, the prevailing party in such Action or Proceeding shall
be reimbursed by the non-prevailing party for its reasonable attorneys’ fees and other costs and expenses incurred with the investigation,
preparation and prosecution of such Action or Proceeding.

 

6.10            Survival.
The representations and warranties contained herein shall survive the Closing and the delivery of the Offered Securities.

 

6.11            Execution.
This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood that
the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery
of a “.pdf' format data file, such signature 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 “.pdf' signature page were an original thereof.

 

    16 

     

    

 

6.12            Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force
and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially reasonable efforts
to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision,
covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

6.13            Rescission
and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of
the other Transaction Documents, whenever the Purchaser exercises a right, election, demand or option under a Transaction Document and
the Company does not timely perform its related obligations within the periods therein provided, then that Purchaser may rescind or withdraw,
in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part
without prejudice to its future actions and rights.

 

6.14            Replacement
of Offered Securities. If any certificate or instrument evidencing any Offered Securities is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation),
or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to
the Company of such loss, theft or destruction without requiring the posting of any bond.

 

6.15            Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Purchaser and
the Company will be entitled to specific performance under the Transaction Documents. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations contained in the Transaction Documents and hereby
agree to waive and not to assert in any Action for specific performance of any such obligation the defense that a remedy at law would
be adequate.

 

6.16            Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or
granted herein shall not be a Trading Day, then such action may be taken or such right may be exercised on the next succeeding Trading
Day.

 

6.17            Construction.
The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity to revise the Transaction Documents
and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party
shall not be employed in the interpretation of the Transaction Documents or any amendments thereto. In addition, each and every reference
to share prices and shares of Offered Securities in any Transaction Document shall be subject to adjustment for reverse and forward stock
splits, stock dividends, stock combinations and other similar transactions of the Offered Securities that occur after the date of this
Agreement.

 

6.18            Waiver
of Jury Trial. In any action, suit, or proceeding in any jurisdiction brought by any party against any other party, the parties each
knowingly and intentionally, to the greatest extent permitted by applicable law, hereby absolutely, unconditionally, irrevocably and expressly
waive forever trial by jury.

 

6.19            Non-Circumvention.
The Company hereby covenants and agrees that the Company will not, by amendment of its constitution or through any reorganization, transfer
of assets, consolidation, merger, scheme of arrangement, dissolution, issue or sale of securities, or any other voluntary action, avoid
or seek to avoid the observance or performance of any of the terms of this Agreement, and will at all times in good faith carry out all
of the provision of this Agreement and take all action as may be required to protect the rights of all holders of the Offered Securities.

 

(Signature Pages Follow)

 

    17 

     

    

 

IN WITNESS WHEREOF, the parties
hereto have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first
indicated above.

 

	COOTEK (CAYMAN) INC.	 	Address for Notice:	 
	 	 	 	 
	 	 		 
	By:	/s/ Karl Kan Zhang	 		 
	 	Karl Kan Zhang	 	 	 	 
	 	Chairman of the Board of Directors and Chief Technology Officer	 	 	 	 
	 	 	 	 	Email:	 	.com	 

 

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE PAGE FOR PURCHASER FOLLOWS]

 

    18 

     

    

 

PURCHASER SIGNATURE PAGE TO

SECURITIES PURCHASE AGREEMENT

 

IN WITNESS WHEREOF, the undersigned
have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.

 

Name of Purchaser: Mercer
Street Global Opportunity Fund LLC

 

	Signature of Authorized Signatory of Purchaser:	/s/ Jonathan Juchno	 

 

	Name of Authorized Signatory:	Jonathan Juchno	 

 

	Title of Authorized Signatory:	Authorized Representative	 

 

	Email Address of Authorized Signatory:	 	 

 

	Facsimile Number of Authorized Signatory:	 	 

 

	Address for Notice to Purchaser:	 	 

 

	 	 	 

 

	Address for Delivery of Securities to Purchaser
(if not same as address for notice):	 	 

 

	 	 	 

 

	Subscription Amount: US$	1,500,000	 

 

	US Employer Identification Number (if any):	 	 

 

Purchaser
Signature Page

 

     

     

    

 

EXHIBIT A

Form of Information Consent

 

COOTEK (CAYMAN) INC.  (the “Company”)
has information or notice of a proposed event (collectively, the “Information”) that it is either required to provide you
pursuant to that certain Securities Purchase Agreement dated ________ ___, 2021 (“Agreement”) between you and the Company
or believes that you would be interested in obtaining.

 

If the Company is required to provide
this Information to you under the Agreement, you acknowledge that receipt of this information may restrict you from trading in the Company’s
securities until this Information is made public in accordance with the Agreement.

 

If the Company is not required to
provide this Information to you under the Agreement, you acknowledge that this may restrict you from trading in the Company’s securities
until this Information is made public in accordance with the Agreement.

 

Please respond in writing if you do or do not
want to be provided with the Information. If the Company does not receive your response within three business days, we will have the right
to assume that you have chosen not to receive the Information and, if applicable, waived your right to any subsequent offering rights
and any other rights provided for under the Agreements that require notice, for which this Information (including notice) is being given.

 

Please sign below and check the appropriate box
below.

 

	 	Sincerely,
	 	 
	 	 
	 	 	 
	 	 

 

	 	By:	 
	 	Name:
	 	Title: Chief Executive Officer

 

___ Yes. Please provide we with the Information

 

___ No.  Do not provide me with the Information

 

Exhibit A

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