Document:

exhibit10-5.htm

    Exhibit
10.5

      JOINDER TO LOAN
DOCUMENTS

       

      This
Joinder to Loan Documents (this “Joinder”) is made as
of February 18, 2009 by and among:

       

      BURLINGTON COAT FACTORY WAREHOUSE
CORPORATION, a Delaware corporation, as agent (in such capacity, the
“Lead
Borrower”) for itself and the other Borrowers party to the Credit
Agreement referred to below;

       

      The BORROWERS party to the Credit
Agreement set forth on Schedule I annexed hereto (collectively, with the Lead
Borrower, the “Existing Borrowers”);

       

      The FACILITY GUARANTORS party to
the Credit Agreement set forth on Schedule II annexed hereto (collectively, the
“Facility
Guarantors”);

       

      BURLINGTON COAT FACTORY OF IOWA,
LLC, an Iowa limited liability company (the “New Borrower”);
and

       

      BANK OF AMERICA, N.A., a
national banking association, having a place of business at 100 Federal Street,
Boston, Massachusetts 02109, as administrative agent (in such capacity, the
“Administrative
Agent”) for its own benefit and the benefit of the other Credit Parties
(as defined in the Credit Agreement referred to below) and as collateral agent
(in such capacity, the “Collateral Agent”),
for its own benefit and for the benefit of the other Secured Parties (as defined
in the Credit Agreement referred to below) to the Credit Agreement (as defined
below);

       

      in
consideration of the mutual covenants herein contained and benefits to be
derived herefrom.

       

      W I T N E
S S E T H :

      

      A.           Reference
is made to a certain Credit Agreement dated as of April 13, 2006 (as amended,
modified, supplemented or restated and in effect from time to time, the “Credit Agreement”)
by, among others (i) Lead Borrower, (ii) the Existing Borrowers, (iii) the
Facility Guarantors (together with the Existing Borrowers, the “Existing Loan Parties”), (iv)
the Lenders named therein (collectively, the “Lenders”), (v) Bank
of America, N.A., as Administrative Agent, (vi) Bank of America, N.A., as
Collateral Agent, (vii) Bear Stearns Corporate Lending Inc., a Delaware
corporation, as Syndication Agent, and (viii) Wachovia Bank, National
Association, The CIT Group/Business Credit, Inc., General Electric Capital
Corporation, and JPMorgan Chase Bank, N.A., as co-Documentation
Agents.

       

      B.           Pursuant
to the terms of Section 5.12 of the Credit Agreement, the Existing Loan Parties
(as applicable) are required to cause the New Borrower to become a party to, and
bound by the terms of, the Credit Agreement and the other Loan Documents, in the
same capacity and to the same extent as the Existing Borrowers
thereunder.  The undersigned New Borrower is executing this Joinder in
accordance with the requirements of the Credit Agreement to become a Borrower
thereunder and to induce the Lenders to make additional Revolving Credit Loans
and to induce the Issuing Bank to issue additional Letters of
Credit.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      C.           In
order for the New Borrower to become party to the Credit Agreement and certain
of the other Loan Documents as provided herein, the New Borrower and the
Existing Loan Parties are required to execute this Joinder.

       

      NOW,
THEREFORE, in consideration of the foregoing premises and as consideration for
the Revolving Credit Loans previously made and the Letters of Credit previously
issued, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

       

      
        	
                1.  

              	
                Definitions.  All
      capitalized terms used herein and not otherwise defined shall have the
      same meaning herein as in the Credit
Agreement.

              

      

       

      
        	
                2.  

              	
                Joinder and Assumption
      of Obligations.  Effective as of the date of this
      Joinder:

              

      

       

      
        	
                a.  

              	
                New
      Borrower hereby:

              

      

       

      
        	
                i.  

              	
                Joins
      in the execution of, and becomes a party to the Credit Agreement, the
      Revolving Credit Notes, the Swingline Note, the Security Documents and
      each of the other Loan Documents to which the Existing Borrowers are a
      party.

              

      

       

      
        	
                ii.  

              	
                Assumes
      and agrees to perform all applicable duties and Obligations of a Loan
      Party under the Credit Agreement, the Revolving Credit Notes, the
      Swingline Note, the Security Documents and each of the other Loan
      Documents to which the Existing Borrowers are a
  party.

              

      

       

      
        	
                b.  

              	
                Without
      in any manner limiting the generality of clause (a) above, New Borrower
      hereby covenants and agrees that:

              

      

       

      
        	
                i.  

              	
                New
      Borrower shall be bound by all covenants (other than covenants which
      specifically relate solely to an earlier date), agreements, liabilities
      and acknowledgments of a Borrower under the Credit Agreement, the
      Revolving Credit Notes, the Swingline Note, the Security Documents and
      each of the other Loan Documents to which the Existing Borrowers are a
      party, in each case, with the same force and effect as if New Borrower was
      a signatory thereto and was expressly named
  therein;

              

      

       

      
        	
                ii.  

              	
                To
      secure the prompt and complete payment, performance and observance of all
      of the Obligations and all renewals, extensions, restructurings and
      refinancings thereof, New Borrower hereby grants, mortgages, pledges and
      hypothecates to the Collateral Agent, for the benefit of the Collateral
      Agent and the Secured Parties, a Lien upon all of its right, title and
      interest in, to and under the
Collateral.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                3.  

              	
                Representations and
      Warranties.  New Borrower hereby makes all
      representations, warranties, and covenants set forth in the Credit
      Agreement the Revolving Credit Notes, the Swingline Note, the Security
      Documents and each of the other Loan Documents as of the date hereof
      (other than representations, warranties and covenants that relate solely
      to an earlier date).  To the extent that any changes in any
      representations, warranties, and covenants require any amendments to the
      Schedules to the Credit Agreement or any of the other Loan Documents, such
      Schedules are hereby updated, as evidenced by any supplemental Schedules
      (if any) annexed to this Joinder.

              

      

       

      
        	
                4.  

              	
                Ratification of Loan
      Documents.  Except as specifically amended by this
      Joinder and the other documents executed and delivered in connection
      herewith, all of the terms and conditions of the Credit Agreement and of
      the other Loan Documents shall remain in full force and effect as in
      effect prior to the date hereof, without
      releasing any Loan Party thereunder or Collateral granted by any Loan
      Party.

              

      

       

      
        	
                5.  

              	
                Conditions Precedent
      to Effectiveness.  This Joinder shall not be effective
      until the following conditions precedent have each been fulfilled to the
      reasonable satisfaction of the Administrative
  Agent:

              

      

       

      
        	
                a.  

              	
                This
      Joinder shall have been duly executed and delivered by the respective
      parties hereto, and shall be in full force and effect and shall be in form
      and substance reasonably satisfactory to the Administrative
      Agent.

              

      

       

      
        	
                b.  

              	
                All
      action on the part of the New Borrower and the other Loan Parties
      necessary for the valid execution, delivery and performance by the New
      Borrower of this Joinder and all other documentation, instruments, and
      agreements required to be executed in connection herewith shall have been
      duly and effectively taken and evidence thereof reasonably satisfactory to
      the Administrative Agent shall have been provided to the Administrative
      Agent.

              

      

       

      
        	
                c.  

              	
                New
      Borrower (and each other Loan Party, to the extent requested by the
      Administrative Agent) shall each have delivered the following to the
      Administrative Agent, in form and substance reasonably satisfactory to the
      Administrative Agent:

              

      

       

      
        	
                i.  

              	
                Certificate
      of Legal Existence and Good Standing issued by the Secretary of the State
      of its incorporation or
organization.

              

      

       

      
        	
                ii.  

              	
                A
      certificate of an authorized officer of the due adoption, continued
      effectiveness, and setting forth the text, of each corporate resolution
      adopted in connection with the assumption of obligations under the Credit
      Agreement and the other Loan Documents, and attesting to the true
      signatures of each Person authorized as a signatory to any of the Loan
      Documents, together with true and accurate copies of all Charter
      Documents.

              

      

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
        	
                iii.  

              	
                Execution
      and delivery by New Borrower of such other documents, agreements and
      certificates as the Administrative Agent and the Collateral Agent may
      reasonably require.

              

      

       

      
        	
                d.  

              	
                The
      Agents, upon their reasonable request, shall have received a favorable
      written legal opinion of the Loan Parties’ counsel addressed to the Agents
      and the other Lenders, covering such matters relating to New Borrower, the
      Loan Documents and/or the transactions contemplated thereby as the Agents
      shall reasonably request.

              

      

       

      
        	
                e.  

              	
                The
      Administrative Agent shall have received all documents and instruments,
      (including an authenticated record authorizing the Agents and their
      representatives to file such UCC financing statements as the Agents may
      determine to be appropriate), required by law or requested by the
      Administrative Agent or the Collateral Agent to create or perfect the
      first priority Lien (subject only to Permitted Encumbrances having
      priority by operation of Applicable Law) intended to be created under the
      Loan Documents and all such documents and instruments shall have been so
      filed, registered or recorded or other arrangements reasonably
      satisfactory to the Agents.

              

      

       

      
        	
                f.  

              	
                The
      Loan Parties shall have executed and delivered to the Agents such
      additional documents, instruments, and agreements as the Agents may
      reasonably request.

              

      

       

      
        	
                6.  

              	
                Miscellaneous.

              

      

       

      
        	
                a.  

              	
                This
      Joinder may be executed in several counterparts and by each party on a
      separate counterpart, each of which when so executed and delivered shall
      be an original, and all of which together shall constitute one
      instrument.

              

      

       

      
        	
                b.  

              	
                This
      Joinder expresses the entire understanding of the parties with respect to
      the transactions contemplated hereby.  No prior negotiations or
      discussions shall limit, modify, or otherwise affect the provisions
      hereof.

              

      

       

      
        	
                c.  

              	
                Any
      determination that any provision of this Joinder or any application hereof
      is invalid, illegal or unenforceable in any respect and in any instance
      shall not effect the validity, legality, or enforceability of such
      provision in any other instance, or the validity, legality or
      enforceability of any other provisions of this
  Joinder.

              

      

       

      
        	
                d.  

              	
                The
      Loan Parties shall pay all Credit Party Expenses of the Agents and the
      Secured Parties, including, without limitation, all such Credit Party
      Expenses incurred in connection with the preparation, negotiation,
      execution and delivery of this Joinder in accordance with the terms of the
      Credit Agreement.

              

      

       

      
        	
                e.  

              	
                THIS
      JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF
      THE STATE OF NEW YORK.

              

      

       

      [SIGNATURE PAGES
FOLLOW]

       

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, each of the undersigned has caused this Joinder to be duly
executed and delivered by its proper and duly authorized officer as of the date
first written above.

       

      

      NEW
BORROWER:

      

      BURLINGTON
COAT FACTORY OF IOWA, LLC

      

      By:_____/s/  Paul
Tang_____________

      Name:   Paul
Tang

      Title:      Executive
Vice President

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ADMINISTRATIVE
AGENT:

      

      BANK OF
AMERICA, N.A.

       

      By:_____/s/  Kathleen
Dimock_______

      Name:  Kathleen
Dimock

      Title:     Managing
Director

      

       

      COLLATERAL
AGENT:

       

      BANK OF
AMERICA, N.A.

      

      

      By:_____/s/  Kathleen
Dimock _______

      Name:   Kathleen
Dimock

      Title:      Managing
Director

      

       

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      Acknowledged and
Agreed:

      

      BURLINGTON
COAT FACTORY WAREHOUSE CORPORATION,

      as Lead
Borrower

      

      By:__/s/  Paul
Tang _________________________

      Name:  Paul Tang

      Title:    Executive
Vice President

      

      

      THE
ENTITIES LISTED ON SCHEDULE I HERETO, as Borrowers

      

      By:_/s/  Paul
Tang __________________________

      Name:  Paul Tang

      Title:    Executive
Vice President

      

      

      THE
ENTITIES LISTED ON SCHEDULE II HERETO, as Facility Guarantors

      

      By:__/s/  Paul
Tang _________________________

      Name:  Paul Tang

      Title:    Executive
Vice President

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      SCHEDULE
I

      

      Borrowers

      

      Burlington
Coat Factory Warehouse Corporation (Lead Borrower)

      Burlington
Coat Factory of Alabama, LLC

      Burlington
Coat Factory Warehouse of Anchorage, Inc.

      Burlington
Coat Factory of Arizona, LLC

      Burlington
Coat Factory of Arkansas, LLC

      Baby
Depot of California, LLC

      Burlington
Coat Factory of California, LLC

      Burlington
Coat Factory Warehouse of San Bernadino, LLC

      MJM
Designer Shoes of California, LLC

      Burlington
Coat Factory of Colorado, LLC

      Burlington
Coat Factory of Connecticut, LLC

      Cohoes
Fashions of Connecticut, LLC

      Burlington
Coat Factory of Delaware, LLC

      Burlington
Coat Factory of Texas, L.P.

      C.F.B.,
Inc.

      MJM
Designer Shoes of Delaware, LLC

      Burlington
Coat Factory of Florida, LLC

      MJM
Designer Shoes of Florida, LLC

      Burlington
Coat Factory of Georgia, LLC

      Burlington
Coat Factory Warehouse of Atlanta, Inc.

      Burlington
Coat Factory of Idaho, LLC

      Burlington
Coat Factory of Illinois, LLC

      Burlington
Coat Factory Warehouse of East St. Louis, Inc.

      Burlington
Coat Factory of Indiana, LLC

      Burlington
Coat Factory of Iowa, LLC

      Burlington
Coat Factory of Kansas, LLC

      Burlington
Coat Factory of Kentucky, Inc.

      Burlington
Coat Factory of Louisiana, LLC

      Burlington
Coat Factory of Maine, LLC

      Burlington
Coat Factory of Maryland, LLC

      Burlington
Coat Factory of Massachusetts, LLC

      Cohoes
Fashions of Massachusetts, LLC

      Burlington
Coat Factory of Michigan, LLC

      Burlington
Coat Factory Warehouse of Detroit, Inc.

      Burlington
Coat Factory Warehouse of Redford, Inc.

      Burlington
Coat Factory Warehouse of Grand Rapids, Inc.

      Burlington
Coat Factory of Minnesota, LLC

      Burlington
Coat Factory of Mississippi, LLC

      Burlington
Coat Factory of Missouri, LLC

      Burlington
Coat Factory of Nebraska, LLC

      Burlington
Coat Factory of Nevada, LLC

      Burlington
Coat Factory of New Hampshire, LLC

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Burlington
Coat Factory Direct Corporation

      Burlington
Coat Factory of New Jersey, LLC

      Burlington
Coat Factory Warehouse of New Jersey, Inc.

      Cohoes
Fashions of New Jersey, LLC

      MJM
Designer Shoes of Moorestown, Inc.

      MJM
Designer Shoes of New Jersey, LLC

      Super
Baby Depot of Moorestown, Inc.

      Burlington
Coat Factory of New Mexico, LLC

      Burlington
Coat Factory of New York, LLC

      Georgetown
Fashions Inc.

      Monroe G.
Milstein, Inc.

      Cohoes
Fashions of New York, LLC

      MJM
Designer Shoes of New York, LLC

      Burlington
Coat Factory of North Carolina, LLC

      Burlington
Coat Factory of North Dakota, LLC

      Burlington
Coat Factory of Ohio, LLC

      Burlington
Coat Factory Warehouse of Cleveland, Inc.

      Burlington
Coat Factory of Oklahoma, LLC

      Burlington
Coat Factory of Oregon, LLC

      Burlington
Coat Factory Warehouse of Bristol, LLC

      Burlington
Coat Factory of Pennsylvania, LLC

      Burlington
Coat Factory Warehouse of Montgomeryville, Inc.

      Burlington
Coat Factory Warehouse of Cheltenham, Inc.

      Burlington
Coat Factory Warehouse of Wilkes-Barre, Inc.

      Burlington
Coat Factory Warehouse of Langhorne, Inc.

      Burlington
Factory Warehouse of Reading, Inc.

      Burlington
Coat Factory Warehouse Inc.

      MJM
Designer Shoes of Pennsylvania, LLC

      Burlington
Coat Factory of Rhode Island, LLC

      Cohoes
Fashions of Cranston, Inc.

      Burlington
Coat Factory of South Carolina, LLC

      Burlington
Coat Factory Warehouse of Charleston, Inc.

      Burlington
Coat Factory Warehouse of Memphis, Inc.

      Burlington
Coat Factory Warehouse of Shelby, Inc.

      Burlington
Coat Factory Warehouse of Hickory Commons, Inc.

      Burlington
Coat Factory Warehouse of Baytown, Inc.

      MJM
Designer Shoes of Texas, Inc.

      Burlington
Coat Factory of Utah, LLC

      Burlington
Coat Factory of Virginia, LLC

      Burlington
Coat Factory of Pocono Crossing, LLC

      Burlington
Coat Factory Warehouse of Coliseum, Inc.

      Burlington
Coat Factory of Washington, LLC

      Burlington
Coat Factory of West Virginia, LLC

      Burlington
Coat Factory of Wisconsin, LLC

      BCF
Cards, Inc.

      Burlington
Coat Factory of Puerto Rico, LLC

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Burlington
Coat Factory of Hawaii, LLC

      Burlington
Coat Factory of Montana, LLC

      Burlington
Coat Factory of Vermont, LLC

      Burlington
Coat Factory of South Dakota, LLC

      Burlington
Coat Factory of Wyoming, LLC

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      SCHEDULE
II

      

      Facility
Guarantors

      

      Burlington
Coat Factory Holdings, Inc.

      Burlington
Coat Factory Investments Holdings, Inc.

      Burlington
Coat Factory Realty of Huntsville, LLC

      Burlington
Coat Factory Realty of Mesa, Inc.

      Burlington
Coat Factory Realty of Desert Sky, Inc.

      Burlington
Coat Factory Realty of Dublin, Inc.

      Burlington
Coat Factory Realty of Florin, Inc.

      Burlington
Coat Factory Realty of Ventura, Inc.

      Burlington
Coat Realty of East Windsor, Inc.

      Burlington
Coat Factory of Texas, Inc.

      Burlington
Coat Factory Purchasing, Inc.

      C.F.I.C.
Corporation

      C.L.B.,
Inc.

      Burlington
Coat Factory Realty Corp.

      Burlington
Coat Factory Realty of University Square, Inc.

      Burlington
Coat Factory Realty of Coral Springs, Inc.

      Burlington
Coat Factory Realty of West Colonial, Inc.

      Burlington
Coat Factory Realty of Orlando, Inc.

      Burlington
Coat Factory Realty of Sarasota, Inc.

      K&T
Acquisition Corp.

      Bee Ridge
Plaza, LLC

      Burlington
Coat Factory Realty of Morrow, Inc.

      Burlington
Coat Realty of Gurnee, Inc.

      Burlington
Coat Factory Realty of Bloomingdale, Inc.

      Burlington
Coat Factory Realty of River Oaks, Inc.

      Burlington
Coat Factory Realty of Greenwood, Inc.

      Burlington
Coat Factory Realty of North Attleboro, Inc.

      Burlington
Coat Factory Realty of Des Peres, Inc.

      Burlington
Coat Realty of Las Vegas, Inc.

      Burlington
Coat Factory Realty of Edgewater Park, Inc.

      Burlington
Coat Factory Realty of Paramus, Inc.

      Burlington
Coat Factory Realty of Pinebrook, Inc.

      Burlington
Coat Factory Warehouse of Edgewater Park Urban Renewal Corp.

      Burlington
Coat Factory Realty of Yonkers, Inc.

      LC
Acquisition Corp.

      Burlington
Coat Factory Realty of Tulsa, Inc.

      Burlington
Coat Factory Realty of West Mifflin, Inc.

      Burlington
Coat Factory Realty of Langhorne, Inc.

      Burlington
Coat Factory Realty of Whitehall, Inc.

      Burlington
Coat Factory Realty of Memphis, Inc.

      Burlington
Coat Realty of Plano, Inc.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Burlington
Coat Realty of Houston, Inc.

      Burlington
Coat Factory Realty of Westmoreland, Inc.

      Burlington
Coat Factory Realty of Bellaire, Inc.

      Burlington
Coat Factory Realty of El Paso, Inc.

      Burlington
Coat Realty of Potomac, Inc.

      Burlington
Coat Factory Realty of Fairfax, Inc.

      Burlington
Coat Factory Realty of Coliseum, Inc.

      Burlington
Coat Factory Realty of Franklin, Inc.ex10-1.htm

    Exhibit 10.1

     

    

     

    

     

    Dated
April 3, 2009

     

    Between

     

    Wafergen
Bio-Systems Inc

     

    and

     

    Prima
Mahawangsa Sdn Bhd

     

    and

     

    Expedient
Equity Ventures Sdn Bhd

     

    and

     

    Wafergen
Biosystems (M) Sdn Bhd

     

    

     

    

     

    

    
      Share
Subscription Agreement

    

    
      Proposed
subscription of shares in Wafergen Biosystems (M) Sdn Bhd (formerly known as
Global Dupleks Sdn Bhd)

    

    
      

    

    
      

    

    
      
        
           

        

         

      

      
        1

        
          

        

      

      
         

        
          

           

          Share Subscription Agreement
 | 

          

          

        

      

    

    Contents

    

     

    Recitals [INSERT PAGE NUMBER]

     

    1           Definitions
and Interpretations [INSERT PAGE
NUMBER]

    1.1           Definitions [INSERT PAGE NUMBER]

    1.2           Interpretation [INSERT PAGE NUMBER]

     

    2.           Conditions [INSERT PAGE NUMBER]

    2.1           Conditions
Precedent [INSERT PAGE
NUMBER]

    2.2           Undertaking
by the Company [INSERT PAGE
NUMBER]

    2.3           Waiver [INSERT PAGE NUMBER]

    2.4           Non-fulfillment [INSERT PAGE NUMBER]

     

    3.           Share
Capital [INSERT PAGE
NUMBER]

    3.1           Subscription
for Preference Shares [INSERT PAGE
NUMBER]

     

    4.           Subscription
Completion Date [INSERT PAGE
NUMBER]

     

    4A.           Utilisation
of Funds [INSERT PAGE
NUMBER]

     

    5.           Undertakings,
Warranties and Representations by the Parties [INSERT PAGE NUMBER]

     

    6           Put
Options [INSERT PAGE
NUMBER]

    6.1
           Investor’s
Put Right for shares in the Existing Shareholder [INSERT PAGE NUMBER]

    6.2
           Investor’s
Put Option for Series B RCPS or Conversion Shares [INSERT PAGE NUMBER]

     

    7.           Previous
Agreements and Prevalence of Agreement [INSERT PAGE NUMBER]

     

    8.           Remedy on
an Event of Default [INSERT PAGE
NUMBER]

     

    9.           Confidentiality [INSERT PAGE NUMBER]

     

    10.           Further
Assurance [INSERT PAGE
NUMBER]

     

    11.           Remedies [INSERT PAGE NUMBER]

     

    12.           Waiver and
Variation [INSERT PAGE
NUMBER]

    12.1           Rights not
affected [INSERT PAGE
NUMBER]

    12.2           Cumulative
rights and remedies [INSERT PAGE
NUMBER]

    12.3           Variation [INSERT PAGE NUMBER]

     

    13.           Severability [INSERT PAGE NUMBER]

     

    14.           Continuing
Effect [INSERT PAGE
NUMBER]

     

    15.           Time [INSERT PAGE NUMBER]

     

    16.           Legal
Relationship [INSERT PAGE
NUMBER]

     

    17.           Costs and
Expenses [INSERT PAGE
NUMBER]

     

    18.           Assignment;
Successors [INSERT PAGE
NUMBER]

    18.1           Assignment [INSERT PAGE NUMBER]

    18.2           Successors
and assigns [INSERT PAGE
NUMBER]

     

    19.           Notices [INSERT PAGE NUMBER]

     

    20.           Entire
agreement [INSERT PAGE
NUMBER]

     

    21.           Counterparts [INSERT PAGE NUMBER]

     

    22.
           Governing
Law and Jurisdiction [INSERT PAGE
NUMBER]

     

    SCHEDULE
1 [INSERT PAGE NUMBER]

    1.           Subscription
Price and par value [INSERT PAGE
NUMBER]

    2.           Premium [INSERT PAGE NUMBER]

    3.           Dividend
Provision [INSERT PAGE
NUMBER]

    4.           Liquidation
Preference [INSERT PAGE
NUMBER]

    5.           Conversion [INSERT PAGE NUMBER]

    6.           [Deleted] [INSERT PAGE NUMBER]

    7.           Redemption
Rights [INSERT PAGE
NUMBER]

    8.           Voting
Rights [INSERT PAGE
NUMBER]

    9.           Protective
Provisions [INSERT PAGE
NUMBER]

    10.           No
Variation [INSERT PAGE
NUMBER]

     

    SCHEDULE
2 [INSERT PAGE NUMBER]

    1.           Representations
and Warranties by the Investor [INSERT
PAGE NUMBER]

    2.           Representations
and Warranties by the Existing Shareholder and the Company [INSERT PAGE NUMBER]

     

    SCHEDULE
3 [INSERT PAGE NUMBER]

     

    Execution [INSERT PAGE NUMBER]

     

    

    
      
        
           | 

        

         

      

      
        2

        
          

        

      

      
         

        
          

           

          Share Subscription Agreement
 | 

          

          

        

      

    

    

    This
Agreement is made on  April 3, 2009 between:

     

    
      	
              (1)

            	
              Wafergen
      Bio-Systems, Inc (WGBS.OB), a Nevada USA incorporated company with a
      registered address and place of business at Bayside Technology Center,
      46531 Fremont Blvd, Fremont, CA 94538, USA (“Existing
      Shareholder”);

            

    

    
      	
               
      

            	
              and

            

    

     

    
      	
              (2)

            	
              Prima
      Mahawangsa Sdn Bhd (Company No. 833152-M), a company incorporated in
      Malaysia with a registered address at 5th Floor, Bangunan CIMB, Jalan
      Semantan, Damansara Heights , 50490 Kuala Lumpur  (“PMSB”);

            

    

     

    
      	
               
      

            	
              and

            

    

     

    
      	
              (3)

            	
              Expedient
      Equity Ventures Sdn Bhd (Company No 780509-U), a company incorporated in
      Malaysia with a registered address at Level 11, Menara Bank Pembangunan,
      1016, Bandar Wawasan, Jalan Sultan Ismail, 50300, Kuala Lumpur (“EEV”);

            

    

     

    
      	
               
      

            	
              and

            

    

     

    
      	
              (4)

            	
              Wafergen
      Biosystems (M) Sdn Bhd (formerly known as Global Dupleks Sdn Bhd) (Company
      No 795066-H), a company incorporated in Malaysia with a registered address
      at Unit C-12-4, Megan Avenue 11, No 12, Jalan Yap Kwan Seng, 50450 Kuala
      Lumpur (“Company”).

            

    

     

    
      	
               
      

            	
              (PMSB
      and EEV are collectively referred to as “Investors”)

            

    

     

     

    Recitals

     

    
      	
              (A)

            	
              The
      Company is a private company limited by shares incorporated under the laws
      of Malaysia and has at the date of this Agreement an authorised share
      capital of RM10,000,000 divided into 8,000,000 ordinary shares of RM1.00
      each and 200,000,000 redeemable convertible preference shares of RM0.01
      each.

            

    

     

    
      	
              (B)

            	
              The
      Existing Shareholder is the legal and beneficial owner of the 300,000
      ordinary shares of RM1.00 each in the Company, representing 100% of the
      issued and paid-up ordinary share capital of the
  Company.

            

    

     

    
      	
              (C)

            	
              The
      Existing Shareholder, the Company and Malaysian Technology Development
      Corporation Sdn Bhd (“MTDC”) have entered into
      a Share Subscription and Shareholders’ Agreement dated 8 May 2008 (“SSSA”) where MTDC agreed
      to subscribe for 888,888 Series A Redeemable Convertible Preference Shares
      (“Series A RCPS”)
      in the Company, pursuant to the terms and conditions in the
      SSSA.

            

    

     

    
      	
              (D)

            	
              MTDC
      is, as at the date of this Agreement, the legal and beneficial owner of
      444,444 Series A RCPS in the Company, representing 100% of the issued and
      paid up preference share capital of the
Company.

            

    

     

    
      	
              (E)

            	
              The
      Existing Shareholder and the Company intend to raise a further
      USD1,500,000 in multiple tranches, in addition to the USD2,000,000 to be
      raised pursuant to the SSSA.

            

    

     

    
      
        	
                (F)

              	
                The
      Existing Shareholder and the Company have requested the Investors to, and
      the Investors have agreed to, participate in the Company by way of
      subscription for

              

      

    

     

    
      
        
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              the
      Series B RCPS (as defined below) upon the terms and subject to the
      conditions set out in this
Agreement.

            

    

     

    
      
        	
                (G)

              	
                PMSB
      and EEV have entered or will enter into a deed of adherence and have
      agreed to accede to the relevant terms and conditions of the SSSA,
      effective from the PMSB Initial Closing and EEV Initial Closing
      respectively.

              

      

    

     

    

     

    It
is agreed as follows:

     

    1           Definitions
and Interpretations

     

     

    1.1           Definitions

     

     

    
      	
               
      

            	
              In
      this Agreement, unless the context otherwise
  requires:

            

    

     

    

    
      	
              Act

            	
              means
      the Companies Act 1965;

            
	
              Alpha
      Stage

            	
              means
      the successful completion of Alpha based on the written report from the
      Principal Researcher from UPMC indicating that the SmartChip system has
      performed to its specifications, that is the SmartChip system is able to
      perform six SmartChip experiments by following instructions provided in
      the SmartChip user manual using UPMC biological specimens and generate
      gene expression data using fully integrated SmartChip components, such as
      content ready chip, nano-dispenser and the real-time qPCR
      instrument;

            
	
              Articles

            	
              means
      the articles of association of the Company;

            
	
              Board

            	
              means
      the board of directors of the Company;

            
	
              PMSB
      Initial Closing

            	
              means
      completion of the subscription by PMSB of the relevant Tranche A Shares in
      accordance with Clauses 3 and 4;

            
	
              PMSB
      Initial Closing Date

            	
              means
      twenty one (21) days from the date of this Agreement or such later date as
      PMSB, the Existing Shareholder and the Company may mutually agree
      on;

            
	
              PMSB
      Subsequent Closing

            	
              means
      upon fulfilment of the milestones provided for in Clause
      3.1.1(b);

            
	
              Conversion
      Shares

               

            	
              means
      the Shares resulting from the conversion of the RCPS, such Conversion
      Shares to rank pari passu in all respects with all other then existing
      Shares, and “Conversion Share” means one of the Conversion
      Shares;

            

    

    
      
        
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              Deed
      of Adherence

            	
              means
      the Deed of Adherence dated the same day as this Agreement between the
      Existing Shareholder, the Company, MTDC, PMSB and EEV;

            
	
              Director

            	
              means
      any director of the Company appointed on the Board including, where
      applicable, any alternate director;

            
	
              EEV
      Initial Closing

            	
              means
      completion of the subscription by EEV of the relevant Tranche A Shares in
      accordance with Clauses 3 and 4;

            
	
              EEV
      Initial Closing Date

            	
              means
      twenty one (21) days from the date of this Agreement or such later date as
      EEV, the Existing Shareholder and the Company may mutually agree
      on;

            
	
              EEV
      Subsequent Closing

            	
              means
      upon fulfilment of the milestones provided for in Clause
      3.1.2(b);

            
	
              Encumbrance

            	
              means
      any mortgage, charge, pledge, lien, assignment, hypothecation, security
      interest, title retention, right of first refusal, pre-emption right,
      option, preferential right or trust arrangement or other security
      arrangement or agreement  conferring a right to a priority of
      payment;

            
	
              Investors

            	
              means
      PMSB and EEV;

            
	
              IPO

            	
              means
      the listing of the Company on any approved stock
  exchange;

            
	
              Parties

            	
              means
      the Existing Shareholder, the Investors and the Company, and “Party”
      refers to any one (1) of them;

            
	
              RCPS

            	
              means
      the Series A RCPS and/or the Series B RCPS;

            
	
              Series
      A RCPS

            	
              means
      Series A Redeemable Convertible Preference Shares of the Company with
      principal terms as set out in Schedule 1 of the SSSA including the
      amendments as set out in the Deed of Adherence;

            
	
              Series
      B RCPS

            	
              means
      Series B Redeemable Convertible Preference Shares of the Company with
      principal terms as set out in Schedule 1 of this
  Agreement;

            
	
              Shares

            	
              means
      ordinary shares of RM1.00 each in the share capital of the Company, and
      “Share” refers to
      any one (1) of them;

            

    

    
      
        
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              Subscription
      Notice

            	
              means
      the subscription notice to be issued by the New Investors to the Company
      from time to time in accordance with this Agreement in the form as annexed
      herewith in Schedule 3

            
	
              Subscription
      Price

               

            	
              means
      the Ringgit Malaysia equivalent to USD2.25 calculated at the prevailing
      exchange rate on the date payment of the Subscription Price is effected,
      payable by the Investors for each Series B RCPS under this Agreement, out
      of which RM0.01 is to be paid towards the par value of each Series B RCPS
      and the difference between the Subscription Price and the par value of
      RM0.01 (constituting the subscription premium) is to be credited to the
      share premium account of the Company;

            
	
              Tranche
      A Shares

            	
              means
      333,333 new Series B RCPS of RM0.01 each in the Company to be issued at
      the Subscription Price;

            
	
              Tranche
      B Shares

            	
              means
      333,333 new Series B RCPS of RM0.01 each in the Company to be issued at
      the Subscription Price;

            
	
              Warranties

            	
              means
      the representations and warranties made by the Investor, the
      Existing  Shareholder and the Company, as set out in Schedule 2;
      and

            
	
              USD

            	
              means
      United States Dollar, the lawful currency of the United States of
      America;

            

    

    

     

     

    1.2           Interpretation

     

     

    
      	
               
      

            	
              In
      this Agreement, unless the context otherwise
  requires:

            

    

    
      	
               
      

            	
              (a) 

            	
              headings
      and underlining are for convenience only and do not affect the
      interpretation of this Agreement;

            

    

     

    
      	
               
      

            	
              (b) 

            	
              words
      importing the singular include the plural and vice
  versa;

            

    

     

    
      	
               
      

            	
              (c) 

            	
              words
      importing a gender include any
gender;

            

    

     

    
      	
               
      

            	
              (d) 

            	
              an
      expression importing a natural person includes any corporation or other
      body corporate, partnership, association, governmental agency, two or more
      persons having a joint or common interest, or any other legal or
      commercial entity or undertaking;

            

    

     

    
      	
               
      

            	
              (e) 

            	
              a
      reference to a party to a document includes that party's successors and
      permitted assigns;

            

    

     

    
      	
               
      

            	
              (f) 

            	
              any
      part of speech or grammatical form of a word or phrase defined in this
      Agreement has a corresponding meaning;
and

            

    

     

    
      	
               
      

            	
              (g) 

            	
              a
      warranty, representation, covenant or agreement on the part of two or more
      persons binds them jointly and
severally.

            

    

     

    
      
        
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    2.           Conditions

     

     

    2.1           Conditions
Precedent

     

    
      	
               
      

            	
              2.1.1

            	
              The
      subscription for the Series B RCPS by PMSB is subject to, and conditional
      upon, the fulfilment of the following conditions precedent within 21 days
      from the date of this Agreement (subject to extension by agreement of
      PMSB, the Existing Shareholder and the
Company):

            

    

     

    
      	
               
      

            	
              (a)

            	
              the
      approval and agreement of the investment committee of
  PMSB;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      successful completion of the due diligence exercise and PMSB being
      satisfied with the results of their investigation or due diligence
      exercise on the Company;

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      Company secretarial forms and documents (including the register of
      members) having been updated and filed with the relevant authorities or
      bodies to reflect the change in directorship, shareholder and shareholding
      in the Company, in accordance with the terms and conditions of this
      Agreement;

            

    

     

    
      	
               
      

            	
              (d)

            	
              PMSB
      being satisfied that all internal resolutions regarding the Company and
      its activities are up to date and in order (where confirmation of
      satisfaction shall not be unreasonably
  withheld);

            

    

     

    
      	
               
      

            	
              (e)

            	
              amendments
      to the Articles as are necessary to reflect in full the terms of this
      Agreement;

            

    

     

    
      	
               
      

            	
              (f)

            	
              statutory
      declaration signed by the Existing
Shareholder;

            

    

     

    
      	
               
      

            	
              (g)

            	
              there
      being no material adverse change in the financial condition or operations
      of the Company or the Existing
Shareholder;

            

    

     

    
      	
               
      

            	
              (h)

            	
              execution
      of the deed of adherence referred to in Recital G;
  and

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      Existing Shareholder entering into a product
      licensing  agreement with the Company in relation to the
      SmartChipTM
      Real-Time PCR System and SmartSlideTM
      MicroIncubation System which provides that the intellectual property
      rights to the improvements developed by the Company in relation to the
      SmartChipTM
      Real-Time PCR System and SmartSlideTM
      MicroIncubation System shall vest in the Company and the Company shall
      grant the Existing Shareholder a perpetual royalty free licence in
      relation to the intellectual property rights to the improvements and a
      right to sub-licence to any other party without territorial
      restrictions.

            

    

     

    

     

    
      	
               
      

            	
              2.1.2

            	
              The
      subscription for the Series B RCPS by EEV is subject to, and conditional
      upon, the fulfilment of the following conditions precedent within 21 days
      from the date of this Agreement (subject to extension by agreement of EEV,
      the Existing Shareholder and the
Company):

            

    

     

    
      
        
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              (a)

            	
              the
      approval and agreement of the investment committee of
  EEV;

            

    

     

    
      	
               
      

            	
              (b)

            	
              the
      successful completion of the due diligence exercise and EEV being
      satisfied with the results of their investigation or due diligence
      exercise on the Company;

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      Company secretarial forms and documents (including the register of
      members) having been updated and filed with the relevant authorities or
      bodies to reflect the change in directorship, shareholder and shareholding
      in the Company, in accordance with the terms and conditions of this
      Agreement;

            

    

     

    
      	
               
      

            	
              (d)

            	
              EEV
      being satisfied that all internal resolutions regarding the Company and
      its activities are up to date and in order (where confirmation of
      satisfaction shall not be unreasonably
  withheld);

            

    

     

    
      	
               
      

            	
              (e)

            	
              amendments
      to the Articles as are necessary to reflect in full the terms of this
      Agreement;

            

    

     

    
      	
               
      

            	
              (f)

            	
              statutory
      declaration signed by the Existing
Shareholder;

            

    

     

    
      	
               
      

            	
              (g)

            	
              there
      being no material adverse change in the financial condition or operations
      of the Company or the Existing
Shareholder;

            

    

     

    
      	
               
      

            	
              (h)

            	
              execution
      of the deed of adherence referred to in Recital G;
  and

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      Existing Shareholder entering into a product
      licensing  agreement with the Company in relation to the
      SmartChipTM
      Real-Time PCR System and SmartSlideTM
      MicroIncubation System which provides that the intellectual property
      rights to the improvements developed by the Company in relation to the
      SmartChipTM
      Real-Time PCR System and SmartSlideTM
      MicroIncubation System shall vest in the Company and the Company shall
      grant the Existing Shareholder a perpetual royalty free licence in
      relation to the intellectual property rights to the improvements and a
      right to sub-licence to any other party without territorial
      restrictions.

            

    

     

    2.2           Undertaking
by the Company

     

    Subject
to the PMSB Initial Closing and EEV Initial Closing, the Company undertakes to
PMSB and EEV (as the case may be) to carry out the following within 1 year from
the PMSB Subsequent Closing and EEV Subsequent Closing (as the case may be)
(subject to extension by agreement with PMSB or EEV (as the case may
be)):

     

    
      	
               
      

            	
              (a)

            	
              to
      provide to PMSB and EEV (as the case may be) a clear arrangement on the
      ownership of future intellectual property developed by the
      Company;

            

    

     

    
      	
               
      

            	
              (b)

            	
              to
      put in place a comprehensive training programme to transfer the know-how
      from US experts to the Malaysian team;
and

            

    

     

    
      	
               
      

            	
              (c)

            	
              the
      Company entering into a research and development agreement or
      understanding to pursue agrobiotechnology research and development with a
      reputable Malaysian entity.

            

    

     

    
      
        
           

        

         

      

      
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    2.3           Waiver

     

    
      	
               
      

            	
              To
      the extent permitted by law, PMSB and EEV may waive the fulfilment of any
      condition precedent in Clause 2.1.1 or Clause 2.1.2 respectively, and any
      undertaking in Clause 2.2.

            

    

     

     

    2.4           Non-fulfillment

     

    
      	
              2.4.1

            	
              Unless
      specifically waived under Clause 2.3, if the condition precedent in Sub
      -clauses 2.1.1(a), (b) and (h) are not fulfilled within 21 days after the
      date of this Agreement (or such later date as the relevant Parties may
      mutually agree on):

            

    

     

    
      	
               
      

            	
              (a)

            	
              this
      Agreement shall automatically cease and terminate in relation to
      PMSB;

            

    

     

    
      	
               
      

            	
              (b)

            	
              all
      obligations and liabilities of PMSB under this Agreement shall cease to
      have effect;

            

    

     

    
      	
               
      

            	
              (c)

            	
              PMSB
      shall not have any claim against any other party in relation to this
      Agreement; and

            

    

     

    
      	
               
      

            	
              (d)

            	
              PMSB
      shall pay the Existing Shareholder all costs and fees incurred by the
      Existing Shareholder in relation to the preparation of this
      Agreement,

            

    

     

    but
notwithstanding anything to the contrary in this Clause, a party shall be liable
for any antecedent breach of this Agreement and continue to be liable in
relation to Clause 9.

     

    
      	
              2.4.2

            	
              Unless
      specifically waived under Clause 2.3, if any condition precedent in
      Sub-clauses 2.1.2 (a), (b) and (h) are not fulfilled within 21 days after
      the date of this Agreement (or such later date as the relevant Parties may
      mutually agree on):

            

    

     

    
      	
               
      

            	
              (a)

            	
              this
      Agreement shall automatically cease and terminate in relation to
      EEV;

            

    

     

    
      	
               
      

            	
              (b)

            	
              all
      obligations and liabilities of EEV under this Agreement shall cease to
      have effect; and

            

    

     

    
      	 	
              (c)  

            	
              EEV
      shall not have any claim against any other party in relation to this
      Agreement; and

            

    

     

    
      	 	
              (d)  

            	
              EEV
      shall pay the Existing Shareholder all costs and fees incurred by the
      Existing Shareholder in relation to the preparation of this
      Agreement,

            

    

     

    but
notwithstanding anything to the contrary in this Clause, a party shall be liable
for any antecedent breach of this Agreement and continue to be liable in
relation to Clause 9.

     

    
      	
              2.4.3

            	
              Unless
      specifically waived under Clause 2.3, if the condition precedent in
      Sub-clauses 2.1.1(c), (e), (f), (g) and (h) and Sub-clauses 2.1.2(c), (e),
      (f), (g) and (h) are not fulfilled within 21 days after the date of this
      Agreement (or such later date as the relevant Parties may mutually agree
      on):

            

    

     

    
      	
               
      

            	
              (a)

            	
              this
      Agreement shall automatically cease and terminate in relation to PMSB and
      EEV;

            

    

     

    
      	
               
      

            	
              (b)

            	
              all
      obligations and liabilities of PMSB and EEV under this Agreement shall
      cease to have effect;

            

    

     

    
      
        
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              (c)

            	
              the
      Existing Shareholder shall not have any claim against any other party in
      relation to this Agreement; and

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      Existing Shareholder shall pay PMSB and EEV (as the case may be) all costs
      and fees incurred by the PMSB and EEV (as the case may be) in relation to
      the preparation of this Agreement,

            

    

     

    but
notwithstanding anything to the contrary in this Clause, a party shall be liable
for any antecedent breach of this Agreement and continue to be liable in
relation to Clause 9.

     

     

    3.           Share
Capital

     

     

    3.1           Subscription
for Preference Shares

     

    
      	
               
      

            	
              3.1.1

            	
              Subject
      to the terms and conditions of this Agreement, PMSB shall subscribe in
      cash  for 444,444 Series B RCPS, allocated across several
      tranches as follows:

            

    

     

    
      	
               
      

            	
              (a)

            	
              at
      the PMSB Initial Closing Date, PMSB will subscribe for Tranche A Shares,
      and the Company will allot and issue Tranche A Shares to PMSB, free from
      any Encumbrance; and

            

    

     

    
      	
               
      

            	
              (b)

            	
              upon
      successful completion of the Alpha Stage (“PMSB Subsequent Closing”),
      PMSB will subscribe for Tranche B Shares, and the Company will allot and
      issue Tranche B Shares to PMSB, free from any
  Encumbrance.

            

    

     

    
      	
               
      

            	
              3.1.2

            	
              Subject
      to the terms and conditions of this Agreement, EEV shall subscribe in for
      222,222 Series B RCPS, allocated across several tranches as
      follows:

            

    

     

    
      	
               
      

            	
              (a)

            	
              at
      the EEV Initial Closing Date, EEV will subscribe for Tranche A Shares, and
      the Company will allot and issue Tranche A Shares to EEV, free from any
      Encumbrance; and

            

    

     

    
      	
               
      

            	
              (b)

            	
              upon
      successful completion of the Alpha Stage (“EEV Subsequent Closing”),
      EEV will subscribe for Tranche B Shares, and the Company will allot and
      issue Tranche B Shares to EEV, free from any
  Encumbrance.

            

    

     

    
      	
               
      

            	
              3.1.3

            	
              The
      Investors shall subscribe for the amount of shares and consideration as
      follows:

            

    

     

    
      	
              Name
      of Investor

            	
              Tranche
      A

            	
              Tranche
      B

            	
              Total

            
	 
      	
              No.
      of RCPS

            	
              Consider-ation
      (USD)

            	
              No.
      of RCPS

            	
              Consider-ation
      (USD)

            	
              No.
      of RCPS

            	
              Consider-ation
      (USD)

            
	
              PMSB

            	
              222,222

            	
              500,000

            	
              222,222

            	
              500,000

            	
              444,444

            	
              1,000,000

            
	
              EEVB

            	
              111,111

            	
              250,000

            	
              111,111

            	
              250,000

            	
              222,222

            	
              500,000

            

    

    

     

    
      
        
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    The
principal terms of the Series B RCPS are set out in Schedule 1.

     

    
      	
               
      

            	
              3.1.4

            	
              The
      subscription for the Series B RCPS by PMSB is not dependant or
      interconditional with the subscription of the Series B RCPS by EEV and the
      subscription of the Series B RCPS by EEV is not dependant or
      interconditional with the subscription of the Series B RCPS by PMSB, and
      neither is dependant or interconditional on completion or performance of
      the SSSA.

            

    

     

    
      	
               
      

            	
              3.1.5

            	
              In
      respect of each subscription for Series B RCPS under this Agreement, the
      Company will issue a Subscription Notice to the Investors.  The
      Subscription Notice will specify the number of Series B RCPS to be
      subscribed by the Investors under Tranche A at the PMSB Initial Closing
      and EEV Initial Closing, and Tranche B at the PMSB Subsequent Closing and
      EEV Subsequent Closing, and the Subscription
  Price.

            

    

     

    
      	
               
      

            	
              3.1.6

            	
              The
      Existing Shareholder irrevocably confirms its waiver of all rights of
      pre-emption whatsoever that it may have in connection with the issue and
      conversion of the Series B RCPS to the Investors pursuant to the terms of
      this Agreement.

            

    

     

     

    4.           Subscription
Completion Date

     

    
      	
              4.1

            	
              Subject
      to fulfilment or waiver of all conditions precedent in Clause 2.1.1, the
      completion of each allotment and issue of the Series B RCPS to PMSB
      pursuant to this Agreement shall take place at the registered office of
      the Company as follows:

            

    

     

    (a)           Tranche
A Shares at the PMSB Initial Closing Date; and

     

    
      	
               
      

            	
              (b)

            	
              Tranche
      B Shares at the PMSB Subsequent
Closing;

            

    

     

    or such
other date and time as may be mutually agreed by the Company and PMSB in
writing.

     

    
      	
              4.2

            	
              Subject
      to fulfilment or waiver of all conditions precedent in Clause 2.1.2, the
      completion of each allotment and issue of the Series B RCPS to EEV
      pursuant to this Agreement shall take place at the registered office of
      the Company as follows:

            

    

     

    (a)           Tranche
A Shares at the EEV Initial Closing Date; and

     

    (b)           Tranche
B Shares at the EEV Subsequent Closing;

     

    or such
other date and time as may be mutually agreed by the Company and EEV in
writing.

     

    
      	
              4.3

            	
              The
      Investors shall cause or procure a cheque, bank draft or cashier’s order
      in favour of the Company to be deposited, or a telegraphic or electronic
      transfer made, to the bank account of the Company held with HSBC Bank
      Berhad for the total subscription monies payable for the number of Series
      B RCPS to be subscribed (as set out in the relevant Subscription Notice),
      in exchange for the delivery by the Company of the
    following:

            

    

     

    
      
        
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              (a)

            	
              at
      the PMSB Initial Closing and EEV Initial Closing, the share certificates
      in respect of the Series B RCPS, a certified extract of the shareholders'
      resolution of the Company approving the subscription of the Tranche A
      Shares by PMSB at the PMSB Initial Closing and by EEV at the EEV Initial
      Closing (as the case may be) (including amendment of the Articles of
      Association of the Company where required), pursuant to the terms and
      subject to the conditions of this
Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              at
      the PMSB Subsequent Closing and EEV Subsequent Closing, the share
      certificates in respect of the Series B RCPS, a certified extract of the
      shareholders' resolution of the Company approving the subscription of the
      Tranche B Shares by at the PMSB Subsequent Closing and by EEV at the EEV
      Subsequent Closing (as the case may be), pursuant to the terms and subject
      to the conditions of this Agreement;
and

            

    

     

    
      	
               
      

            	
              (c)

            	
              a
      certified extract of the resolution of the Board confirming the allotment
      and issue of the relevant number of the Series B RCPS to be subscribed by
      the Investors:

            

    

     

    
      	
               
      

            	
              (i)

            	
              at
      both the PMSB Initial Closing and PMSB Subsequent Closing;
    and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              at
      both the EEV Initial Closing and the EEV Subsequent
    Closing,

            

    

     

    
      	
               
      

            	
              pursuant
      to the relevant Subscription
Notice.

            

    

     

     

    
      	
              4A.

            	
              Utilisation
      of Funds

            

    

     

    The
Parties agree that 60% of the total investment raised through the issuance of
the Series A RCPS and the Series B RCPS will be utilised for the operations of
the Company in Malaysia. The remaining 40% of the total investment raised
through the issuance of the Series A RCPS and Series B RCPS shall be utilized in
the best interest of the Company.

     

     

    
      	
              5.

            	
              Undertakings,
      Warranties and Representations by the
Parties

            

    

     

    
      	
              5.1

            	
              Subject
      to any exceptions expressly and specifically disclosed in any
      correspondence, communication, document or information in writing prior to
      or after the execution of this Agreement and prior to the completion of
      the subscription of the Series B RCPS, the Parties
      warrant to each other that the information and statements set out
      in the Warranties are true, accurate and correct in all respects at the
      date of this Agreement. To this effect, the Warranties will be deemed to
      be repeated during this period as if they had been entered into afresh
      during the said period in relation to the facts and circumstances then
      existing.

            

    

     

    
      	
              5.2

            	
              The
      Parties acknowledge and agree that each of them entered into this
      Agreement in reliance on the
Warranties.

            

    

     

    
      	
              5.3

            	
              Each
      of the Warranties is separate and is to be construed independently of the
      others and is not limited by reference to any of the other
      Warranties.

            

    

     

    
      
        
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    Save as
disclosed to the Investors in any correspondence, communication, document or
information in writing prior to or after the execution of this Agreement and
prior to the completion of this Agreement, no information relating to the Series
B RCPS or the Company will limit the nature of the Warranties given by the
Company under this Agreement, or will prejudice any claim to be made by the
Investors against the Company for any breach of the Warranties.

     

    
      	
              5.4

            	
              Each
      Party will indemnify and will keep the other Parties indemnified against
      all losses, damages, costs and expenses which the other Parties may incur
      or be liable for in respect of any claim, demand, liability, action,
      proceedings or suits arising out of or in connection with
  :

            

    

     

    
      	
               
      

            	
              (a)

            	
              a
      breach of a Warranty;

            

    

     

    
      	
               
      

            	
              (b)

            	
              any
      Warranty not being true and correct in all respects;
  or

            

    

     

    
      	
               
      

            	
              (c)

            	
              any
      Warranty being misleading in any
respect,

            

    

     

    save and
except where any of the matters set out in Clauses 5.1 to 5.3 shall have been
apparent in any correspondence, communication, document or information in
writing and disclosed or provided to the Investors prior to or after the
execution of this Agreement and prior to the completion of this
Agreement.

     

     

    6.           Put
Options

     

     

    6.1           Investor’s
Put Right for shares in the Existing Shareholder

     

    The
Existing Shareholder will grant to each of the Investors an option to sell all
the Series B RCPS held by the Investors to the Existing Shareholder upon the
terms and conditions of the Put Agreement to be entered into between the
Existing Shareholder and the Investors.

     

     

    6.2           Investor’s
Put Option for Series B RCPS or Conversion Shares

     

    
      	
               
      

            	
              The
      Investors shall each have the option to require the Existing Shareholder
      to purchase all (but not less than all) of the Conversion Shares or Series
      B RCPS held by the Investors, upon thirty (30) days’ notice in writing to
      the Existing Shareholder. The price payable for each Conversion Share
      shall be calculated based on the formula for the issue price per
      Conversion Share set out in paragraph 5 of Schedule 1 of this Agreement
      whereas the price payable for each Series B RCPS is  USD2.25,
      such price compounded at the rate of 8% per annum with yearly rests, up to
      the date of exercise of the option, and at the discretion of the
      Investors, may be satisfied by either cash or the issuance of shares in
      the Existing Shareholder. The option shall be exercisable as
      follows:

            

    

     

    
      	
               
      

            	
              (a)

            	
              any
      time after the PMSB Initial Closing or EEV Initial Closing (where
      relevant) for as long as the PMSB or EEV (as the case may be) is the
      holder of Series B RCPS in the Company, in
      the event there is a material breach or default by the Company or the
      Existing Shareholder in any of their representations, warranties,
      undertakings, covenants and obligations
under

            

    

     

    
      
        
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              this
      Agreement which has not been remedied after 30 days written notice of such
      material breach or default; or

            

    

     

    
      	
               
      

            	
              (b)

            	
              any
      time between 1 January 2011 and 31 December 2011 and subject to the
      following:

            

    

     

    
      	
               
      

            	
              (i)

            	
              the
      share price of the Existing Shareholder’s shares is below USD2.25;
      or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              due
      to any breach or default attributable to the Existing Shareholder, the
      Investor is unable to exercise its rights under the Put
      Agreement.

            

    

     

     

    7.           Previous
Agreements and Prevalence of Agreement

     

    
      	
              7.1

            	
              This
      Agreement and the documents referred to in its provisions are in
      substitution for all previous agreements between all or any of the Parties
      and contain the whole agreement between the Parties relating to the
      subject matter of this Agreement.

            

    

     

     

    8.           Remedy
on an Event of Default

     

    
      	
              8.1

            	
              Each
      of the following will be regarded as an Event of
  Default:

            

    

     

    
      	
               
      

            	
              (a)

            	
              either
      of the Parties committing a breach of its obligations under this Agreement
      and, in the case of a breach capable of remedy, failing to remedy the same
      within twenty one (21) days of being specifically required in writing so
      to do by the other Party; or

            

    

     

    
      	
               
      

            	
              (b)

            	
              any
      distress, execution, sequestration or other process being levied or
      enforced upon or sued out against the property of any of the Parties which
      is not discharged within ten (10) days;
or

            

    

     

    
      	
               
      

            	
              (c)

            	
              any
      encumbrancer taking possession of or a receiver or trustee being appointed
      over the whole or any part of the undertaking, property or assets of any
      of the Parties; or

            

    

     

    
      	
               
      

            	
              (d)

            	
              the
      making of an order or the passing of a resolution for the winding up of
      any of the Parties, otherwise than for the purpose of a reconstruction or
      amalgamation without insolvency or previously approved by the other
      Parties (such approval not to be unreasonably
  withheld).

            

    

     

    
      	
              8.2

            	
              In
      the event of an Event of Default taking place prior to the PMSB Initial
      Closing or EEV Initial Closing (as the case may
  be),

            

    

     

    
      	
               
      

            	
              (a)

            	
              where
      the Company or the Existing Shareholder is the defaulting Party, PMSB and
      EEV shall be entitled to terminate this
  Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              where
      PMSB is the defaulting Party, the Company and the Existing Shareholder
      shall be entitled to terminate this Agreement as against PMSB and to
      proceed with the completion of this Agreement with
  EEV;

            

    

     

    
      	
               
      

            	
              (c)

            	
              where
      EEV is the defaulting Party, the Company and the Existing Shareholder
      shall be entitled to terminate this Agreement as against EEV and to
      proceed with the completion of this Agreement with
  PMSB;

            

    

     

    
      
        
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              without
      prejudice to any rights or remedies the non-defaulting Parties may have
      against the defaulting Party for any antecedent
  breach.

            

    

     

    
      	
              8.3

            	
              Notwithstanding
      any provision in this Agreement to the contrary, this Agreement shall
      remain in full force and effect for so long as shall be necessary to
      fulfil and give effect to the arrangements and undertakings contained in
      this Agreement.

            

    

     

    
      	
              8.4

            	
              Termination
      of this Agreement for any cause in accordance with the provisions of this
      Agreement shall not release any Party from any liability which at the time
      of termination has already accrued to the other or which thereafter may
      accrue in respect of any act or omission prior to such termination or
      which has accrued in consequence of this
clause.

            

    

     

     

    9.           Confidentiality

     

    Parties shall :

     

    
      	
               
      

            	
              (a)

            	
              ensure
      the confidentiality of this Agreement and the transactions contemplated in
      this Agreement;

            

    

     

    (b)           not
disclose any provision of this Agreement except :

     

    
      	
               
      

            	
              (i)

            	
              where
      required by law or any relevant governmental regulatory body or competent
      authority;

               

            

    

                   
(ii)           to any
financier or professional adviser acting for the party; or

     

    
      	
               
      

            	
              (iii)

            	
              the
      information is public knowledge otherwise than as a consequence of breach
      of this Clause.

            

    

     

    
      	
               
      

            	
              All
      public announcements where references are made to the Investors or
      companies related to the Investors shall only be made with the prior
      written consent of the relevant Investor (which shall not be unreasonably
      withheld), irrespective of the jurisdiction in which the announcement is
      made.

            

    

     

    
      	
               
      

            	
              This
      restriction continues to apply after the expiration or sooner termination
      of this Agreement without limit in point of time but ceases to apply to
      information or knowledge which may properly come into the public domain
      through no fault of the Party so
restricted.

            

    

     

     

    10.           Further
Assurance

     

    Each
party shall execute and do all such documents and things as are necessary to
carry this Agreement into effect or to give full effect to this
Agreement.

     

     

    11.           Remedies

     

    If a
Party does not comply with its obligations under this Agreement, the other
Parties are entitled to the remedy of specific performance and injunctive relief
(as may be applicable), and monetary compensation by itself is not an adequate
remedy.

     

    
      
        
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    12.           Waiver
and Variation

     

     

    12.1           Rights
not affected

     

    The
rights which each Party has under this Agreement shall not be prejudiced or
restricted by any delay in exercising or failure to exercise any right or remedy
under this Agreement.  Unless otherwise agreed in writing, no waiver
by any party in respect of a breach shall operate as a waiver in respect of any
subsequent breach.

     

     

    12.2           Cumulative
rights and remedies

     

    The
rights and remedies provided in this Agreement are in addition to, and do not
exclude or limit, any rights or remedies provided by law or equity.

     

     

    12.3           Variation

     

    This
Agreement shall not be varied unless the variation is expressly agreed in
writing by each Party.

     

     

    13.           Severability

     

    If any
provision of this Agreement is void or unenforceable, it shall be regarded as
deleted from this Agreement, and the remaining provisions shall continue to
apply.

     

     

    14.           Continuing
Effect

     

    Notwithstanding
the completion of the transaction contemplated in this Agreement, the provisions
of this Agreement shall continue to survive or subsist so long as may be
necessary for the purpose of giving effect to each of them.

     

     

    15.           Time

     

    Time
wherever mentioned in this Agreement shall be of the essence of this
Agreement.

     

     

    16.           Legal
Relationship

     

    
      	
               
      

            	
              Nothing
      in this Agreement shall create, or be regarded as creating, a partnership
      or the relationship of employer and employee between the Parties. Neither
      Party has any authority to bind the other in any
  way.

            

    

     

    
      	
               
      

            	
              The
      Parties are all separate legal entities and as such no third parties shall
      have any claim or recourse against the Company for the liabilities and
      obligations of the Existing Shareholder to the abovementioned third
      parties.

            

    

     

    
      
        
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    17.           Costs
and Expenses

     

    The
Parties shall be liable for their own respective costs incurred, as
follows:

     

    (a)           due
diligence costs;

     

    (b)           fees
for the solicitors’, company secretary, tax advisers and accountants;
and

     

    (c)           notarisation
and the commercial register.

     

     

    18.           Assignment;
Successors

     

     

    18.1           Assignment

     

    Parties
may not assign or otherwise deal with its respective rights or benefits under
this Agreement without the prior written consent of the other
Parties.

     

     

    18.2           Successors
and assigns

     

    This
Agreement shall be binding upon the parties and their respective successors,
permitted assigns and personal representatives.

     

     

    19.           Notices

     

    
      	 	
              Without
      affecting any other effective mode of service, any notice given under this
      Agreement :

            

    

     

    
      	
               
      

            	
              (a)

            	
              must
      be in writing and may be delivered personally or sent by registered post
      to the intended recipient at the address shown below or the address last
      notified by the intended recipient to the sender
  :

            

    

     

    For the
Investors :

     

    

     

    PMSB

     

    5th
Floor, Bangunan CIMB,

     

    Jalan
Semantan, Damansara Heights,

     

    50490
Kuala Lumpur

     

    Attn:
Darawati Hussain

     

    Tel:  +603
2084 8888

     

    Fax: +603
2093 9688

     

    or

     

    c/o

     

    Trupartners
Sdn Bhd

     

    M-2-1,
Block M,

     

    
      
        
           

        

         

      

      
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    Plaza
Damas,

     

    60 Jalan
Sri Hartamas 1,

     

    54080
Kuala Lumpur

     

    Attn:
Norazharuddin Abu Talib

     

    Tel: +603
6203 3030

     

    Fax: +603
6203 3131

     

    

     

    EEV

     

    Suite
064, Kompleks Eureka,

     

    University
Sains Malaysia,

     

    Minden

     

    11800,
Penang

     

    Attn:
Mohd Daniel

     

    Tel:
+604-6599721

     

    Fax:
+604-6599723

     

    

     

    For the
Existing Shareholder:

     

    Wafergen
Bio-Systems Inc

     

    Bayside
Technology Center,

     

    46531
Fremont Blvd,

     

    Fremont,
CA 94538, USA

     

    Attn :
Alnoor Shivji

     

    Tel : +1
(510) 468-0546

     

    Fax : +1
(510) 651-4599

     

    

     

    For the
Company:

     

        Wafergen
Biosystems (M) Sdn Bhd (formerly known as Global Dupleks Sdn
Bhd)

     

    Suite
B.3(2), Ground Floor

     

    KHTP
Business Centre

     

    KHTP,
09000 Kulim

     

    Kedah
Darul Aman, Malaysia

     

    Tel :
+6019 312 4751

     

    
      
        
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    Fax :
+604 402 3305

     

    Attn:
Nazri Said

     

    
      	
               
      

            	
              (b)

            	
              must
      be signed; and

            

    

     

    
      	
               
      

            	
              (c)

            	
              will
      be taken to be duly given or made :

            

    

     

    
      	
               
      

            	
              (i)

            	
              (in
      the case of delivery in person) when delivered, received or left at the
      above address; and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              (in
      the case of delivery by registered post) 48 hours after posting, and in
      proving service it shall only be necessary to prove that the communication
      was contained in an envelop which was duly addressed and posted in
      accordance with this Clause,

            

    

     

    
      	
               
      

            	
              but
      if delivery, receipt or service occurs, or will be taken to occur, on a
      day on which business is not generally carried on in the place to which
      the communication is sent or is later than 4 p.m. (local time) it will be
      taken to have been duly given or made at the commencement of business on
      the next day on which business is generally carried on in the
      place.

            

    

     

     

    20.           Entire
agreement

     

    This
Agreement is the entire agreement between the Parties in respect of its subject
matter and supersedes all previous agreements with respect to its subject
matter.

     

     

    21.           Counterparts

     

    This
Agreement may be executed in any number of counterparts, and all counterparts
taken together constitute one and the same instrument.

     

     

    22.           Governing
Law and Jurisdiction

     

    This
Agreement is governed by the laws of Malaysia, and each party submits to the
non-exclusive jurisdiction of the courts exercising jurisdiction in
Malaysia.

     

    

    
      
        
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    SCHEDULE 1

     

    

    Principal Terms of the Series B
RCPS

    

     

    1.           Subscription
Price and par value

     

    The
subscription price for each Series B RCPS shall be Ringgit Malaysia equivalent
to USD2.25 calculated at the prevailing exchange rate on the on the date of
payment of the Subscription Price is effected.  Each Series B RCPS
shall have a par value of RM0.01.

     

     

    2.           Premium

     

    Each
Series B RCPS shall be issued at a premium being the difference between the
Subscription Price and the par value of RM0.01.

     

     

    3.           Dividend
Provision

     

    

    There is
no specific dividend rate attached to the Series B RCPS and the Company is not
obliged to declare and pay any dividend while the Investors are holding the
Series B RCPS.

     

     

    4.           Liquidation
Preference

     

    

    In the
event of any liquidation, dissolution or winding up of the Company, the holders
of the Series B RCPS will be entitled to receive only in preference to the
holders of Shares, and not the Series A RCPS (which rank pari passu for the
purposes of this provision), the relevant Subscription Price paid for the Series
B RCPS plus all accrued but unpaid dividends and dividends in arrears, if
any.

     

     

    5.           Conversion

     

    Each
holder of the Series B RCPS will have the right, at the option of the holder at
any time, to convert all or part of the Series B RCPS into such number of Shares
as may be determined in accordance with the following formula:

    

     

    A                                       
  x    (Total
Number of      +    Total Number of
RCPS

    
      	
               
      

            	
              (A + B + USD10 million)         RCPS
      subscribed           
      subscribed by all
      other              =
      N

            

    

                              
By the
holder                 
 holders (past and present)                       

                                                                                                              
   of RCPS)

    

    
      	
               
      

            	
              A

            	
              represents
      the aggregate original investment amount in USD (comprising the
      subscription moneys paid to the Company for subscription for RCPS) of the
      holder in the Company

            

    

    

    
      	
               
      

            	
              B

            	
              represents
      the aggregate original investment amount in USD (comprising the
      subscription moneys paid to the Company for subscription for RCPS) of all
      other holders (past and present) of RCPS in the
  Company

            

    

    
      
        
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    The
conversion is to be effected by and subject to the redemption of the Series B
RCPS from funds legally available for distribution at the redemption price of
USD2.25 per Series B RCPS and the issuance of such number of new Shares to the
holder with the issue price based on the following formula:

    

    Issue
price per Share      
=        A

          N

    

    and
applying the redemption monies towards such issue price.

    

    PROVIDED
THAT

    

    
      	
              (i)  

            	
              where
      N includes any fractions, N is to be rounded downwards to the nearest
      whole number

            

    

    

    
      	
              (ii)  

            	
              where
      the number of new Shares to be issued includes any fractions, such number
      of new Shares is to be rounded downwards to the nearest whole
      number

            

    

    

    
      	
              (iii)  

            	
              where
      the issue price includes any fractions of sen, the issue price is to be
      rounded downwards to the nearest
sen

            

    

    

    For the
purposes of this provision:

    

    
      	
              (a)  

            	
              the
      amount in USD of the investment amount is based on the value in USD of the
      subscription moneys as at the respective date(s) of the relevant
      subscription(s).

            

    

    

    
      	
              (b)  

            	
              for
      the avoidance of doubt, where any RCPS has been held by more than one
      holder, such RCPS and investment amount in relation to the RCPS, is to be
      counted only once.

            

    

    

    To effect
the above conversion, a conversion notice shall be sent by the holder(s) of the
Series B RCPS to the Company not less than thirty (30) days before the intended
date of conversion.  Such notice shall be in writing and shall fix the
date and the time for the conversion.

     

    The
Company may from time to time consult with, and make proposals to, the holder(s)
of Series B RCPS in relation to the exercise of the holder(s)’ entitlement to
convert the Series B RCPS.

     

    Completion
of the conversion of the Series B RCPS into Conversion Shares shall be effected
at the registered office of the Company unless agreed otherwise by the holder(s)
of the Series B RCPS and the Company.  On the date fixed for
conversion, the holder(s) of the Series B RCPS shall deliver to the Company the
share certificate(s) for the relevant Series B RCPS in exchange for share
certificates in relation to the relevant amount of Conversion Shares resulting
from the conversion of those
Series B RCPS.  If any share certificate so delivered to the Company
relates to any Series B RCPS which are not to be converted on that day, a fresh
share certificate for those Series B RCPS shall be immediately issued by the
Company to such holder(s).

     

    
      
        
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    6.           [Deleted]

     

     

    7.           Redemption
Rights

     

    
      	
               
      

            	
              The
      holders of the Series B RCPS may at any time after 31 December 2011,
      subject to the completion of the PMSB Subsequent Closing or EEV Subsequent
      Closing (where relevant), by giving a thirty (30) day notice of redemption
      in such form as may be acceptable to the Company (“Notice of Redemption”),
      redeem any or all Series B RCPS registered in the name of the holder of
      the Series B RCPS. The RCPS will be redeemable from funds legally
      available for distribution at the redemption price (“Redemption Price”) which
      comprises a par value of RM0.01 with redemption premium equivalent to the
      difference between (i) the aggregate of the Subscription Price and such
      price multiplied at the rate of 20% per annum prorated by day, up to the
      date of the redemption based on a 365-days year (and without any
      compounding or addition to the principal Subscription Price) and (ii) the
      par value of RM0.01 per Series B RCPS plus all accrued but unpaid
      dividends and dividends in arrears, if any.   

            

    

     

    All
redemption of the Series B RCPS shall be effected at the registered office of
the Company unless agreed otherwise by the holder(s) of the Series B RCPS and
the Company.  On the date fixed for redemption, the holder(s) of the
Series B RCPS shall deliver to the Company the share certificate(s) for the
relevant Series B RCPS in exchange for payment in cash (by way of bank draft or
any other manner acceptable to the holder(s)) by the Company of the aggregate
Redemption Price for the time being payable for those Series B
RCPS.  If any share certificate so delivered to the Company relates to
any Series B RCPS which are not to be redeemed on that day, a fresh share
certificate for those Series B RCPS shall be issued by the Company to such
holder(s).

     

    No Series
B RCPS redeemed by the Company shall be capable of reissue.

     

     

    8.           Voting
Rights

     

    

    The
holder of the RCPS will be entitled to the voting rights as referred to in
Section 148(2) of the Act.

     

     

    9.           Protective
Provisions

     

    

    Without
the approval of the holders of at least a majority of the Series B RCPS, the
Company will not take any action, whether by merger, consolidation or otherwise,
that:

     

    
      	
              (a)  

            	
              effects
      a sale, lease, license or other disposition of all or substantially all of
      the Company’s assets, property or business or undertakings in excess of
      RM250,000.00;

            

    

     

    
      
        
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              (b)  

            	
              effects
      or enters into any agreement regarding any transaction, or series of
      transactions, which results in the holders of the Series B RCPS prior to
      the transaction owning less than 50% of the voting power of the Company’s
      Series B RCPS after the
transaction(s),

            

    

     

    
      	
              (c)  

            	
              alters
      or changes the rights, preferences or privileges of the Series B
      RCPS,

            

    

     

    
      	
              (d)  

            	
              increases
      or decreases the number of authorized  Series B
      RCPS,

            

    

     

    
      	
              (e)  

            	
              authorises
      the issuance of securities having a preference over or on a parity with
      the Series B RCPS,

            

    

     

    
      	
              (f)  

            	
              changes
      the number of directors,

            

    

     

    
      	
              (g)  

            	
              amends,
      modifies or repeals the Memorandum of Association and/or Articles of the
      Company in a manner which adversely affects the holders of the Series B
      RCPS,

            

    

     

    
      	
              (h)  

            	
              effects
      any recapitalization or reorganization, or any voluntary or involuntary
      liquidation under applicable bankruptcy or reorganization legislation, or
      any dissolution, liquidation, or winding up of the
  Company,

            

    

     

    
      	
              (i)  

            	
              declares
      or pays dividends on or makes any distributions with respect to any share
      capital of the Company.

            

    

     

    For
purposes of these protective provisions, any reference to the Company will be
deemed to include any subsidiary of the Company.

     

     

    10.           No
Variation

     

    The
rights attached to the Series B RCPS shall not be varied, modified or deleted
unless in accordance with paragraph 9 above.

     

    

     

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    SCHEDULE
2

     

    

    Representations
and Warranties

     

    1.           Representations
and Warranties by the Investor

     

    The
Investors warrant to the Company and the Existing Shareholder as
follows.

     

    
      	
               
      

            	
              1.1

            	
              Capacity and
      Authority

            

    

     

    The
Investors are duly incorporated and validly exist under the laws of Malaysia and
have the power to own their assets and carry on their business as now being
conducted.

     

    
      	
               
      

            	
              1.2

            	
              Power to execute this
      Agreement

            

    

     

    
      	
               
      

            	
              (a)

            	
              The
      Investors have the right, power and authority, and have taken or will take
      all action necessary, to validly execute, deliver and exercise their
      rights, and perform their obligations under this
  Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Other
      than those set out in this Agreement, no other consent, approval,
      authorization or other order of any court, regulatory body, administrative
      agency or other order of any other governmental body is required for the
      execution and delivery by the Investors of this Agreement or the
      performance by the Investors of the transactions contemplated under this
      Agreement;

            

    

     

    
      	
               
      

            	
              (c)

            	
              This
      Agreement is a valid and binding obligation of the Investors and is
      enforceable against the Investors in accordance with its
      terms;

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      execution, delivery and performance of this Agreement will not violate any
      judgment, order or decree to which the Investors are subject and will not
      be inconsistent with any constitutional documents or contracts to which
      the Investors are a party to or otherwise binding on the Investors;
      and

            

    

     

    
      	
               
      

            	
              (e)

            	
              There
      is no action, proceeding, claim or investigation pending against the
      Investors before any court or administrative authority, which, if
      determined against the Investors, may reasonably be expected to have a
      material adverse effect on the Investors’ ability to perform the
      obligations hereunder.

            

    

     

     

    
      	
              2.

            	
              Representations
      and Warranties by the Existing Shareholder and the
  Company

            

    

     

    
      	
               
      

            	
              The
      Existing Shareholder and the Company warrant to the Investors as
      follows.

            

    

     

    
      	
               
      

            	
              2.1

            	
              Capacity and
      Authority

            

    

     

    The
Company is duly incorporated and validly exists under the laws of Malaysia and
has the power to own its assets and carry on the Business.

     

    
      	
               
      

            	
              2.2

            	
              Power to execute this
      Agreement

            

    

     

    
      
        
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              (a)

            	
              The
      Existing Shareholder and Company have the right, power and authority, and
      have taken or will take all action necessary, to validly execute, deliver
      and exercise their rights, and perform their obligations under this
      Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              Other
      than those set out in this Agreement, no other consent, approval,
      authorization or other order of any court, regulatory body, administrative
      agency or other order of any other governmental body is required for the
      execution and delivery by the Existing Shareholder and the Company of this
      Agreement or the performance by the Existing Shareholder and the Company
      of the transactions contemplated under this
  Agreement;

            

    

     

    
      	
               
      

            	
              (c)

            	
              This
      Agreement is a valid and binding obligation of the Existing Shareholder
      and the Company and after fulfillment of the conditions precedent is
      enforceable against the Existing Shareholder and the Company in accordance
      with its terms;

            

    

     

    
      	
               
      

            	
              (d)

            	
              The
      execution, delivery and performance of this Agreement will not violate any
      judgment, order or decree to which the Existing Shareholder and the
      Company is subject and save as otherwise disclosed, will not be
      inconsistent with any constitutional documents or contracts to which the
      Existing Shareholder and/or the Company is a party to or otherwise binding
      on the Existing Shareholder and/or the Company;
  and

            

    

     

    
      	
               
      

            	
              (e)

            	
              There
      is no action, proceeding, claim or investigation pending against the
      Existing Shareholder and/or the Company before any court or administrative
      authority, which, if determined against the Existing Shareholder and/or
      the Company, may reasonably be expected to have a material adverse effect
      on the Existing Shareholder and the Company’s ability to perform the
      obligations hereunder.

            

    

     

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intentionally left blank]

     

    
      
        
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    SCHEDULE
3

     

     

    Subscription
Notice

     

    

     

    

     

    From
:                                Wafergen
Biosystems (M) Sdn Bhd

     

    

     

    To
:                      [Investor]

     

    

     

    SHARE
SUBSCRIPTION AGREEMENT DATED ** (“Subscription Agreement”)

     

    

     

    We refer to the Subscription Agreement
made between yourselves, [], the Existing Shareholder, and us. Terms defined in
the Subscription Agreement have the same meanings when used in this
notice.

     

    We hereby give you notice, in
accordance with the terms and conditions of the Subscription Agreement, of your
required subscription for [222,222/111,111]* of the Series B RCPS at a total
Subscription Price of [USD500,000/USD250,000]* (equivalent to RM ** based on the
exchange rate as at **), such subscription to be completed on [date] at [time],
being the [PMSB/EEV] [Initial Closing/Subsequent Closing]*.

     

    

     

    Dated
:

     

    

     

    Yours
faithfully

     

    For and
on behalf of

     

    Wafergen
Biosystems (M) Sdn Bhd

     

    

     

    By:

     

    

     

    Name:

     

    

     

    Title:

     

    * (delete whichever is not
applicable)

     

    
      
        
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    Execution

     

    Executed
as an Agreement.

    

    

    
      	
              Signed
      for and on behalf of WaferGen Bio-systems,
      Inc (WGBS.OB) in the presence of:

               

               

               

               

               

            	 
      	 
      
	 
      	 
      	 
      
	
              Witness

            	 
      	
              Signatory
      /s/

            
	
              Name:

            	 
      	
              Name:

            
	
              NRIC
      No:

            	 
      	
              Designation:

            
	 
      	 
      	
              NRIC
      No:

            

    

    

    

    

    
      	
              Signed
      for and on behalf of Prima Mahawangsa Sdn
      Bhd  (Company No833152-M) in the presence
of:

               

               

               

               

               

            	 
      	 
      
	 
      	 
      	 
      
	
              Witness

            	 
      	
              Signatory
      /s/

            
	
              Name:

            	 
      	
              Name:

            
	
              NRIC
      No:

            	 
      	
              Designation:

            
	 
      	 
      	
              NRIC
      No:

            

    

    

    
      
        
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              Signed
      for and on behalf of Expedient Equity Ventures Sdn
      Bhd (Company No 780509-U) in the presence of:

               

               

               

               

               

            	 
      	 
      
	 
      	 
      	 
      
	
              Witness

            	 
      	
              Signatory
      /s/

            
	
              Name:

            	 
      	
              Name:

            
	
              NRIC
      No:

            	 
      	
              Designation:

            
	 
      	 
      	
              NRIC
      No:

            

    

    

    

    
      	
              Signed
      for and on behalf of Wafergen Biosystems (M) Sdn Bhd
      (Company No 795066-H) in the presence of:

               

               

               

               

               

            	 
      	 
      
	 
      	 
      	 
      
	
              Witness

            	 
      	
              Signatory
      /s/

            
	
              Name:

            	 
      	
              Name:

            
	
              NRIC
      No:

            	 
      	
              Designation:

            
	 
      	 
      	
              NRIC
      No:

            

    

     

    
 

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