Document:

Exhibit 10.1

 

 

 

 

 

REORGANIZATION AGREEMENT

 

Dated as of July 29, 2015

 

 

 

 

 

    	 

    	 

    

TABLE OF CONTENTS

 

Pages

 

	Article I DEFINITIONS	1
	1.1   	Certain Defined Terms	1
	1.2   	Terms Defined Elsewhere in this Agreement	3
	1.3   	Other Definitional and Interpretative Provisions	3
	Article II THE REORGANIZATION	4
	2.1   	Reorganization Transactions	4
	2.2   	Other Transactions	6
	2.3   	Consent to Transactions	7
	2.4   	No Liabilities in Event of Termination; Certain Covenants	7
	Article III REPRESENTATIONS AND WARRANTIES	8
	3.1   	Representations and Warranties	8
	Article IV MISCELLANEOUS	9
	4.1  	Amendments and Waivers	9
	4.2  	Successors and Assigns	9
	4.3   	Notices	9
	4.4  	Further Assurances	10
	4.5   	Entire Agreement	10
	4.6   	Governing Law	11
	4.7   	Jurisdiction	11
	4.8   	WAIVER OF JURY TRIAL	11
	4.9   	Severability	11
	4.10   	Enforcement	11
	4.11   	Counterparts; Facsimile Signatures	11
	4.12   	Expenses	11

 

Schedules 

Schedule 1       -          Contributed Assets 

Schedule 2       -          Employee Benefit Plans
of vTvx I and vTvx II

 

    	i

    	 

    

REORGANIZATION AGREEMENT

 

THIS REORGANIZATION AGREEMENT (this “Agreement”),
dated as of July 29, 2015, by and among vTv Therapeutics Inc., a Delaware corporation (“Pubco”), vTv Therapeutics
LLC, a Delaware limited liability company (the “Company”), vTvx Holdings I LLC, a Delaware limited liability
company (“vTvx I”), vTvx Holdings II LLC, a Delaware limited liability company (“vTvx II”),
and vTv Therapeutics Holdings LLC, a Delaware limited liability company (“Holdings”).

 

RECITALS

 

WHEREAS, the Board of Directors of Pubco (the
“Board”) has determined to effect an underwritten initial public offering (the “IPO”) of
Pubco’s Class A Common Stock (as defined below);

 

WHEREAS, the parties hereto desire to effect
the Transactions (as defined below), including the Reorganization Transactions (as defined below), in contemplation of the IPO;
and

 

WHEREAS, in connection with the IPO, the applicable
parties hereto intend to enter into the Transactions.

 

NOW, THEREFORE, in consideration of the foregoing
recitals and of the mutual promises hereinafter set forth, the parties hereto hereby agree as follows:

 

Article I

 

DEFINITIONS

 

1.1             
Certain Defined Terms. As used herein, the following terms shall have the following meanings:

 

“Business Day” means a
day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required
by applicable law to close.

 

“Class A Common Stock”
shall mean Class A Common Stock, par value $0.01 per share, of Pubco, having the rights set forth in the Amended and Restated Certificate
of Incorporation.

 

“Class B Common Stock”
shall mean Class B Common Stock, par value $0.01 per share, of Pubco, having the rights set forth in the Amended and Restated Certificate
of Incorporation.

 

“Class M Common Unit” shall
mean the Class M Common Unit of the Company, having the rights set forth in the Amended and Restated Company LLC Agreement.

 

    	 

    	 

    

“Effective Time” means
the date and time on which the Registration Statement becomes effective.

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended.

 

“Existing Certificate of Incorporation”
means the Certificate of Incorporation of Pubco, as filed with the Secretary of State of the State of Delaware on April 2, 2015.

 

“Existing Company LLC Agreement”
means the Operating Agreement of the Company, dated as of April 15, 2015, by Holdings as the sole member.

 

“IPO Closing” means the
initial closing of the sale of the Class A Common Stock in the IPO.

 

“IPO Price Per Share” means
the per share public offering price for the Class A Common Stock.

 

“Nonvoting Common Units”
shall mean Nonvoting Common Units of the Company, having the rights set forth in the Amended and Restated Company LLC Agreement.

 

“Person” means any individual,
firm, corporation, partnership, limited liability company, trust, estate, joint venture, governmental authority or other entity.

 

“Pricing” means such date
and time as the Board or the pricing committee thereof determines to price the IPO.

 

“Registration Statement”
means the registration statement on Form S-1 (File No. 333-204951) filed by Pubco under the Securities Act with the SEC to register
the IPO.

 

“Reorganization Documents”
means the Amended and Restated Certificate of Incorporation, the Amended and Restated By-laws, the Amended and Restated Company
LLC Agreement, the Exchange Agreement, the Investor Rights Agreement, the Tax Receivable Agreement, the 2015 Omnibus Incentive
Plan and all other agreements and documents entered into in connection with the Transactions.

 

“SEC” means the Securities
and Exchange Commission.

 

“Securities Act” means
the Securities Act of 1933, as amended.

 

    	2

    	 

    

1.2             
Terms Defined Elsewhere in this Agreement(a). Each of the following terms is defined in the Section set forth opposite
such term:

 

	Term	Section
	2015 Omnibus Incentive Plan	2.2(d)
	Agreement	Preamble
	Amended and Restated Certificate of Incorporation	2.1(a)
	Amended and Restated Company LLC Agreement	2.1(c)
	Board	Recitals
	Company	Preamble
	Contributed Assets	2.1(d)(i)
	e-mail	4.3
	Employee Transfer	2.1(d)(ii)
	Exchange Agreement	2.2(a)
	Holdings	Preamble
	Holdings Membership Interests	2.1(d)(iii)
	Investor Rights Agreement	2.2(b)
	IPO	Recitals
	Proceeds	2.2(f)
	Pubco	Preamble
	Reorganization Transaction	2.1
	Reorganization Transactions	2.1
	Tax Receivable Agreement	2.2(c)
	Transaction	2.2
	Transactions	2.2
	vTvx I	Preamble
	vTvx II	Preamble

 

1.3             
Other Definitional and Interpretative Provisions. The words “hereof”, “herein” and “hereunder”
and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of
this Agreement. The captions herein are included for convenience of reference only and shall be ignored in the construction or
interpretation hereof. References to Articles, Sections, and Schedules are to Articles, Sections, and Schedules of this Agreement
unless otherwise specified. All Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this
Agreement as if set forth in full herein. The Reorganization Documents referred to herein are hereby incorporated in and made a
part of this Agreement as if set forth in full herein. Any capitalized terms used in any Schedule but not otherwise defined therein,
shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be deemed to include the plural,
and any plural term the singular. Whenever the words “include”, “includes” or “including” are
used in this Agreement, they shall be deemed to be followed by the words “without limitation”, whether or not they
are in fact followed by those words or words of like import. “Writing”, “written” and comparable terms
refer to printing, typing and other means of reproducing words (including electronic media) in a visible form. References to any
statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations promulgated thereunder.
References to any agreement or contract are to that agreement or contract as amended, modified or supplemented from time to time
in accordance with the terms hereof and thereof. References to any Person include the successors and permitted assigns of that
Person. References from or through any date mean, unless otherwise specified, from and including or through and including, respectively.

 

    	3

    	 

    

Article II

 

THE REORGANIZATION

 

2.1             
Reorganization Transactions. Subject to the terms and conditions hereinafter set forth, and on the basis of and in
reliance upon the representations, warranties, covenants and agreements set forth herein, the parties hereto shall take the actions
described in this Section 2.1 (each, a “Reorganization Transaction” and, collectively, the “Reorganization
Transactions”), which shall be effective as of immediately after the Effective Time:

 

(a)               
Filing of Amended and Restated Certificate of Incorporation. Pubco shall adopt and file with the Secretary of State
of the State of Delaware an amended and restated certificate of incorporation of Pubco, substantially in the form filed as Exhibit
3.1 to the Registration Statement (the “Amended and Restated Certificate of Incorporation”).

 

(b)              
Adoption of Amended and Restated By-laws. The Board shall adopt amended and restated by-laws of Pubco, substantially
in the form filed as Exhibit 3.2 to the Registration Statement (the “Amended and Restated By-laws”).

 

(c)               
Adoption of Amended and Restated Company LLC Agreement. The Company shall adopt the amended and restated limited
liability company agreement of the Company, substantially in the form filed as Exhibit 10.3 to the Registration Statement (the
“Amended and Restated Company LLC Agreement”).

 

(d)              
Contribution of Contributed Assets and Employee Transfer. Immediately following the Reorganization Transactions described
in Sections 2.1(a) through (c):

 

(i)                
vTvx I and vTvx II hereby contribute, assign, transfer and convey to Holdings all of the respective right, title, interest
and obligations of vTvx I and vTvx II in their respective tangible and intangible assets set forth on Schedule 1 hereof,
free and clear of all liens (other than those liens to be released pursuant to Section 2.2(e)), including all goodwill related
to such assets and all goodwill of the businesses of vTvx I and vTvx II (such contributed assets, the “Contributed Assets”).

 

(ii)              
vTvx I and vTvx II hereby assign and transfer to Holdings the employment of all employees of vTvx I and vTvx II and (A)
all employment-related rights and obligations, including each employment agreement between vTvx I or vTvx II, on the one hand,
and each employee thereof, on the other hand, (B) noncompetition, nonsolicitation and nondisclosure agreements with respect to
the employees and former employees of vTvx I and vTvx II and (C) all employee benefit plans set forth on Schedule 1 hereof
(collectively, the “Employee Transfer”).

 

    	4

    	 

    

(iii)            
In consideration for the Contributed Assets and the Employee Transfer, Holdings hereby issues 95 of its membership interests
(“Holdings Membership Interests”) to vTvx I and 5 Holdings Membership Interests to vTvx II.

 

(iv)            
Holdings hereby acknowledges its right to receive the Contributed Assets from vTvx I and vTvx II and, for administrative
convenience, hereby irrevocably directs vTvx I and vTvx II to contribute, assign, transfer and convey the Contributed Assets directly
to the Company for and on behalf of Holdings in lieu of the Contributed Assets being contributed, assigned, transferred and conveyed
to Holdings.

 

(v)              
Holdings acknowledges its rights to receive the Employee Transfer from vTvx I and vTvx II and, for administrative convenience,
hereby irrevocably directs vTvx I and vTvx II to contribute, assign, transfer and convey the Employee Transfer directly to the
Company for and on behalf of Holdings in lieu of the Employee Transfer being contributed, assigned, transferred and conveyed to
Holdings.  vTvx I, vTvx II and the Company acknowledge and agree that if the Company determines that in connection with the
Employee Transfer, a transition service period not to exceed four months is necessary or desirable, then such employees shall
be permitted to continue their participation in the employee benefit plans of vTvx I and vTvx II as set forth on Schedule 2
during such period and the Company, vTvx I and vTvx II will enter into a customary transition services agreement.

 

(vi)            
The Company hereby accepts and acquires the Contributed Assets and the Employee Transfer and all of the respective right,
title, interest and obligations of vTvx I and vTvx II in the Contributed Assets and the Employee Transfer. In consideration for
its receipt of the Contributed Assets and the Employee Transfer, the Company hereby: (A) issues (x) to Holdings 25,000,000 Nonvoting
Common Units and (B) to Pubco, a wholly owned subsidiary of Holdings, one Class M Common Unit; (B) assumes all liabilities of vTvx
I and vTvx II with respect to the Contributed Assets and the Employee Transfer; (C) covenants and agrees to discharge, perform
and comply with and to be bound by all the terms, conditions, provisions, obligations, covenants and duties of vTvx I and vTvx
II under all contracts and agreements included in the Contributed Assets and the Employee Transfer as if the Company were an original
party thereto; and (D) agrees to indemnify and hold harmless vTvx I and vTvx II for any and all liabilities of vTvx I or vTvx II,
known or unknown, that currently exist or may arise in the future with respect to the Contributed Assets and the Employee Transfer.

 

    	5

    	 

    

(e)               
Issuance of Class B Common Stock to Holdings. In connection with the filing of the Amended and Restated Certificate
of Incorporation, Pubco hereby issues to Holdings 25,000,000 shares of Class B Common Stock and all of the issued and outstanding common
stock of Pubco held by MacAndrews & Forbes Incorporated pursuant to the Existing Certificate of Incorporation shall be cancelled.

 

2.2             
Other Transactions. In connection with the Reorganization Transactions set forth above, the parties hereto shall,
in connection therewith, take the following actions described in this Section 2.2 (together with the Reorganization Transactions,
the “Transactions” and each a “Transaction”):

 

(a)               
Exchange Agreement. In connection with the issuance of Class B Common Stock and Nonvoting Common Units to Holdings
as provided in Section 2.1, Holdings, the Company and Pubco hereby enter into that certain Exchange Agreement, substantially in
the form filed as Exhibit 10.4 to the Registration Statement (the “Exchange Agreement”).

 

(b)              
Investor Rights Agreement. In connection with the issuance of Class B Common Stock and Nonvoting Common Units to
Holdings as provided in Section 2.1, Holdings, Pubco, and the Company shall enter into an Investor Rights Agreement, substantially
in the form filed as Exhibit 10.2 to the Registration Statement (the “Investor Rights Agreement”).

 

(c)               
Tax Receivable Agreement. In connection with the issuance of Class B Common Stock and Nonvoting Common Units to Holdings
as provided in Section 2.1, Pubco and Holdings shall enter into a Tax Receivable Agreement, substantially in the form filed as
Exhibit 10.5 to the Registration Statement (the “Tax Receivable Agreement”).

 

(d)              
2015 Omnibus Incentive Plan. Pubco hereby enters into the 2015 Omnibus Equity Incentive Plan, substantially in the
form filed as Exhibit 10.11 to the Registration Statement (the “2015 Omnibus Incentive Plan”).

 

(e)               
Intellectual Property Assignment Agreements and Lien Releases. Following the date hereof, vTvx I, vTvx II and the
Company shall take all such steps and actions, and provide such cooperation and assistance to each such party and its respective
successors, assigns and legal representatives, including the execution and delivery of any affidavits, declarations, oaths, exhibits,
assignments, agreements, lien releases, powers of attorney, or other documents, as may be necessary to (i) release and terminate
any and all liens and security interests filed against the patents, trademarks, copyrights, domain names (and any registrations
or applications thereof) and any other intellectual property that is a Contributed Asset, or (ii) effect, evidence or perfect the
transfer and assignment of the patents, trademarks, copyrights, domain names (and any registrations or applications thereof) and
any other intellectual property that is a Contributed Asset from each of vTvx I and vTvx II to the Company or any assignee or successor
thereto, including by executing and filing short-form intellectual property lien releases and/or short-form intellectual property
assignment agreements in the United States Patent and Trademark Office, the United States Copyright Office and any applicable foreign
intellectual property or equivalent office.

 

    	6

    	 

    

(f)               
Issuance of Nonvoting Common Units to Pubco. Immediately following the IPO Closing, Pubco shall use the net proceeds
(after payment of all fees and expenses in connection with the IPO) from the IPO (the “Proceeds”) to purchase
from the Company a number of Nonvoting Common Units equal to the number of shares of Class A Common Stock issued in the IPO. Upon
receipt of the Proceeds from Pubco, the Company shall issue to Pubco the number of Nonvoting Common Units set forth in the immediately
preceding sentence. 

 

2.3             
Consent to Transactions.

 

(a)               
Each of the parties hereto hereby acknowledges, agrees and consents to all of the Transactions. Each of the parties hereto
shall take all reasonable action necessary or appropriate in order to effect, or cause to be effected, to the extent within its
control, each of the Transactions and the IPO.

 

(b)              
The parties hereto shall deliver to each other, as applicable, prior to or at the Effective Time, each of the Reorganization
Documents to which it is a party, together with any other documents and instruments necessary or appropriate to be delivered in
connection with the Transactions.

 

2.4             
No Liabilities in Event of Termination; Certain Covenants.

 

(a)               
In the event that the IPO is abandoned or, unless the Board, the Company and Holdings otherwise agree, the IPO Closing has
not occurred by September 30, 2015, (a) this Agreement shall automatically terminate and be of no further force or effect except
for this Section 2.4 and Sections 4.1, 4.2, 4.3, 4.6, 4.7, 4.8, 4.9, 4.10, 4.11 and 4.12 and (b) there shall be no liability
on the part of any of the parties hereto, except that such termination shall not preclude any party from pursuing judicial remedies
for damages and/or other relief as a result of the breach by the other parties of any representation, warranty, covenant or agreement
contained herein prior to such termination.

 

(b)              
In the event that this Agreement is terminated for any reason after the consummation of any Transaction, but prior to the
consummation of all of the Transactions, the parties agree, as applicable, to cooperate and work in good faith to execute and deliver
such agreements and consents and amend such documents and to effect such transactions or actions as may be necessary to re-establish
the rights, preferences and privileges that the parties hereto had prior to the consummation of the Transactions, or any part thereof,
including, without limitation, voting any and all securities owned by such party in favor of any amendment to any organizational
document and in favor of any transaction or action necessary to re-establish such rights, powers and privileges and causing to
be filed all necessary documents with any governmental authority necessary to reestablish such rights, preferences and privileges.

 

    	7

    	 

    

(c)               
For the avoidance of doubt, each party hereto acknowledges and agrees that until the consummation of the Transactions: (i)
the parties hereto shall not receive or lose any voting, governance or similar rights in connection with this Agreement or the
Transactions and (ii) the rights of the parties hereto under the Existing Company LLC Agreement shall not be effected.

 

Article III

 

REPRESENTATIONS AND WARRANTIES

 

3.1             
Representations and Warranties. Each party hereto hereby represents and warrants to all of the other parties hereto
as follows:

 

(a)               
The execution, delivery and performance by such party of this Agreement and of the applicable Reorganization Documents,
to the extent a party thereto, has been or prior to the Effective Time will be duly authorized by all necessary action. If such
party is not an individual, such party is duly organized, validly existing and in good standing under the laws of its jurisdiction
of organization or incorporation;

 

(b)              
Such party has or prior to the Effective Time will have the requisite power, authority, legal right and, if such party is
an individual, legal capacity, to execute and deliver this Agreement and each of the Reorganization Documents, to the extent a
party thereto, and to consummate the transactions contemplated hereby and thereby, as the case may be;

 

(c)               
This Agreement and each of the Reorganization Documents to which it is a party has been (or when executed will be) duly
executed and delivered by such party and constitutes the legal, valid and binding obligation of such party, enforceable against
such party in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization,
moratorium and other similar laws relating to or affecting creditors’ rights generally, (ii) general equitable principles
(whether considered in a proceeding in equity or at law) and (iii) an implied covenant of good faith and fair dealing; and

 

(d)              
Neither the execution, delivery and performance by such party of this Agreement and the applicable Reorganization Documents,
to the extent a party thereto, nor the consummation by such party of the transactions contemplated hereby, nor compliance by such
party with the terms and provisions hereof, will, directly or indirectly (with or without notice or lapse of time or both), (i)
if such party is not an individual, contravene or conflict with, or result in a breach or termination of, or constitute a default
under (or with notice or lapse of time or both, result in the breach or termination of or constitute a default under) the organizational
documents of such party, (ii) constitute a violation by such party of any existing requirement of law applicable to such party
or any of its properties, rights or assets or (iii) require the consent or approval of any Person, except, in the case of clauses
(ii) and (iii), as would not reasonably be expected to result in, individually or in the aggregate, a material adverse effect on
the ability of such party to consummate the transactions contemplated by this Agreement.

 

    	8

    	 

    

Article IV

 

MISCELLANEOUS

 

4.1             
Amendments and Waivers. This Agreement may be modified, amended or waived only with the written approval of Pubco,
the Company, and Holdings; provided, however, that any modification, amendment or waiver that would affect any other
party hereto in a manner materially and disproportionately adverse to such party shall be effective against such party so materially
and adversely affected only with the prior written consent of such party, such consent not to be unreasonably withheld or delayed.
The failure of any party to enforce any of the provisions of this Agreement shall in no way be construed as a waiver of such provisions
and shall not affect the right of such party thereafter to enforce each and every provision of this Agreement in accordance with
its terms. Notwithstanding anything to the contrary in this Section 4.1, nothing in this Section 4.1 shall be deemed to contradict
the provisions of Section 2.4 hereof.

 

4.2             
Successors and Assigns. This Agreement shall bind and inure to the benefit of and be enforceable by the parties hereto
and their respective successors and permitted assigns. If and to the extent Holdings is dissolved or liquidated, MacAndrews &
Forbes Incorporated and M&F TTP Holdings LLC and each of their respective affiliates (other than Pubco and its subsidiaries)
holding shares of Pubco shall be the successors of Holdings, and references to “Holdings” herein shall be references
to such successors of Holdings, collectively, and the Pubco shall (and shall cause its subsidiaries to) enter into such amendments
and supplements hereto to effectuate the intent of this Section 4.2.

 

4.3             
Notices. All notices, requests and other communications to any party hereunder shall be in writing (including facsimile
transmission and electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and
not received by automated response). All such notices, requests and other communications shall be deemed received on the date of
receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any such
notice, request or communication shall be deemed to have been received on the next succeeding Business Day in the place of receipt.
All such notices, requests and other communications to any party hereunder shall be given to such party as follows:

 

If to Pubco or the Company addressed to it at:

Stephen L. Holcombe, President and CEO 

4170 Mendenhall Oaks Parkway 

High Point, NC 27265 

Facsimile: (336) 841-0310 

E-mail:  sholcombe@vtvtherapeutics.com

 

    	9

    	 

    

With copies (which shall not constitute notice) to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Facsimile No.: (212) 757-3990

Attention:  Angelo Bonvino 

                  Lawrence
G. Wee

E-mail:     abonvino@paulweiss.com 

                  lwee@paulweiss.com

 

If to Holdings, vTvx I or vTvx II addressed to it at:

 

c/o MacAndrews & Forbes Incorporated 

35 East 62nd Street 

New York, NY 10065 

Attention: Paul G. Savas 

Facsimile: (212) 572-5695

 

With copies (which shall not constitute notice) to:

Paul, Weiss, Rifkind, Wharton & Garrison LLP

1285 Avenue of the Americas

New York, NY 10019-6064

Facsimile No.: (212) 757-3990

Attention:  Angelo Bonvino 

                  Lawrence
G. Wee

E-mail:     abonvino@paulweiss.com 

                  lwee@paulweiss.com

 

4.4             
Further Assurances. At any time or from time to time after the date hereof, the parties agree to cooperate with each
other, and at the request of any other party, to execute and deliver any further instruments or documents and to take all such
further action as the other party may reasonably request in order to evidence or effectuate the consummation of the transactions
contemplated hereby and to otherwise carry out the intent of the parties hereunder.

 

4.5             
Entire Agreement. Except as otherwise expressly set forth herein, this Agreement, together with the Reorganization
Documents, embodies the complete agreement and understanding among the parties hereto with respect to the subject matter hereof
and supersedes and preempts any prior understandings, agreements or representations by or among the parties, written or oral, that
may have related to the subject matter hereof in any way.

 

    	10

    	 

    

4.6             
Governing Law. This Agreement shall be governed in all respects by the laws of the State of Delaware, without regard
to the conflicts of law rules of such State that would result in the application of the laws of any other State.

 

4.7             
Jurisdiction. The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or
based on any matter arising out of or in connection with, this Agreement or the transactions contemplated hereby (whether brought
by any party or any of its affiliates or against any party or any of its affiliates) shall be brought in the Delaware Chancery
Court or, if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state
court, and each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate
courts therefrom) in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection
that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any
such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit,
action or proceeding may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court.
Without limiting the foregoing, each party agrees that service of process on such party as provided in Section 4.3 shall be
deemed effective service of process on such party.

 

4.8             
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN
ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

4.9             
Severability. Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect
under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision or any other jurisdiction, but this Agreement shall be reformed, construed and enforced in such jurisdiction as if such
invalid, illegal or unenforceable provision had never been contained herein.

 

4.10          
Enforcement. Each party hereto acknowledges that money damages would not be an adequate remedy in the event that
any of the covenants or agreements in this Agreement are not performed in accordance with its terms, and it is therefore agreed
that in addition to and without limiting any other remedy or right it may have, the non-breaching party will have the right to
an injunction, temporary restraining order or other equitable relief in any court of competent jurisdiction enjoining any such
breach and enforcing specifically the terms and provisions hereof.

 

4.11          
Counterparts; Facsimile Signatures. This Agreement may be executed in any number of counterparts, each of which shall
be an original, but all of which together shall constitute one instrument. This Agreement may be executed by facsimile, e-mail
or .pdf format signature(s).

 

4.12          
Expenses. Unless otherwise provided in the Reorganization Documents, all costs and expenses incurred in connection
with the negotiation and execution of this Agreement and the transactions contemplated by this Agreement shall be paid by the party
incurring such cost or expense.

 

[Signature Page Follows]

 

    	11

    	 

    

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

 

	 	VTV THERAPEUTICS INC.
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe
	 	 	Name: Stephen L. Holcombe
	 	 	Title: President and Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	VTV THERAPEUTICS LLC
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe
	 	 	Name: Stephen L. Holcombe
	 	 	Title: President and Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	VTV THERAPEUTICS HOLDINGS LLC
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe
	 	 	Name: Stephen L. Holcombe
	 	 	Title: President
	 	 	 	 
	 	 	 	 
	 	VTVX HOLDINGS I LLC
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe
	 	 	Name: Stephen L. Holcombe
	 	 	Title: President
	 	 	 	 
	 	 	 	 
	 	VTVX HOLDINGS II LLC
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe
	 	 	Name: Stephen L. Holcombe
	 	 	Title: President

 

[Signature Page to the Reorganization Agreement]

 

    	 

    	 

    

Schedule 1

 

Contributed Assets

 

(See attached.)

 

    	 

    	 

    

Schedule 1

 

Contributed
Assets

 

Assets Transferred
from vTvx Holdings I LLC

 

INDs and
Similar Assets:

 

	Program	Compound	IND / File #	Holder
	GK	TTP355	CTA 9727-T1006-24C	vTvx Holdings I LLC
	GK	TTP399	IND 78,649	vTvx Holdings I LLC
	GK	TTP547	IND 101,790	vTvx Holdings I LLC
	GLP	TTP054	IND 107,972; and CTA 9727-T1006-25C	vTvx Holdings I LLC
	GLP	TTP273	IND 115,859	vTvx Holdings I LLC
	RAGE	TTP488	IND 68,445; and CTA 9427-T1538-21C	vTvx Holdings I LLC
	PTP1B	TTP814	CTA 9427-T1006-23C	vTvx Holdings I LLC
	RAGE	TTP4000	IND 108,330	vTvx Holdings I LLC
	Factor IX	TTP889	IND 62,132; and IND 101,833	vTvx Holdings I LLC
	AgRP	TTP435	IND 103,677; and CTA 9427-T1006-24C	vTvx Holdings I LLC

 

Trademarks:

 

	Trademark	Applicant	Application No.	Status
	TTPREDICT	vTvx Holdings I LLC	76/406,330	Registered
	TTP TRANSLATIONAL TECHNOLOGY	vTvx Holdings I LLC	76/406,371	Registered
	TTPSPACE	vTvx Holdings I LLC	76/406,372	Registered
	TTPOSTGENE	vTvx Holdings I LLC	76/406,409	Registered
	TTPSCREEN	vTvx Holdings I LLC	76/406,412	Registered

 

Copyrights:

 

	Author	Title	Copyright Year	Registration Number	Owner
	Sawafta et al.	TTPScreen Software Program	2002	TXU1-052-385	vTvx Holdings I LLC
	Sawafta et al.	TTPredict Software Program	2002	TXU1-040-852	vTvx Holdings I LLC

 

    	 

    	 

    

 

Domain Names:

 

	Owner	Domain Name 	Status
	vTvx Holdings I LLC	AZELIRAGON.BIZ	Registered
	vTvx Holdings I LLC	AZELIRAGON.COM	Registered
	vTvx Holdings I LLC	AZELIRAGON.INFO	Registered
	vTvx Holdings I LLC	AZELIRAGON.NET	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.CO	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.COM	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.INFO	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.NET	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.ORG	Registered
	vTvx Holdings I LLC	LIVINGSTEADFAST.US	Registered
	vTvx Holdings I LLC	MYAGATA.COM	Registered
	vTvx Holdings I LLC	MYAGATA.INFO	Registered
	vTvx Holdings I LLC	MYAGATA.NET	Registered
	vTvx Holdings I LLC	MYAGATA.ORG	Registered
	vTvx Holdings I LLC	MYAGATA.US	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.CO	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.COM	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.INFO	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.NET	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.ORG	Registered
	vTvx Holdings I LLC	STEADFASTALZHEIMERS.US	Registered
	vTvx Holdings I LLC	TTPREDICT.XXX	Registered
	vTvx Holdings I LLC	TTPSCREEN.XXX	Registered
	vTvx Holdings I LLC	TTPSPACE.XXX	Registered
	vTvx Holdings I LLC	TTPTRANSLATIONALTECHNOLOGY.XXX	Registered
	vTvx Holdings I LLC	VTV.NET	Registered
	vTvx Holdings I LLC	VTVTHERA.COM	Registered
	vTvx Holdings I LLC	VTVTHERA.NET	Registered
	vTvx Holdings I LLC	VTVTHERAPEUTICS.COM	Registered
	vTvx Holdings I LLC	VTVTHERAPEUTICS.NET	Registered
	vTvx Holdings I LLC	VTVT.NET	Registered

 

    	 

    	 

    

 

Patents:

 

	File No.	Country	Owner	Application No.	Patent No.
	2001-04-US-B	United States	vTvx Holdings I LLC	12/901,133	 
	2002-04-US-A	United States	vTvx Holdings I LLC	10/411,568	7,146,384
	0378.204-AU	Australia	vTvx Holdings I LLC	2013262895	 
	0378.204-BR	Brazil	vTvx Holdings I LLC	BR1120140286221	 
	0378.204-CA	Canada	vTvx Holdings I LLC	2872021	 
	0378.204-CN	China	vTvx Holdings I LLC	201380024802.X	 
	0378.204-EA	Eurasia	vTvx Holdings I LLC	201492109	 
	0378.204-HK	Hong Kong	vTvx Holdings I LLC	15103235.2	 
	0378.204-IL	Israel	vTvx Holdings I LLC	235484	 
	0378.204-IN	India	vTvx Holdings I LLC	9554/DELNP/2014	 
	0378.204-JP	Japan	vTvx Holdings I LLC	2015-512779	 
	0378.204-KR	South Korea	vTvx Holdings I LLC	10-2014-7035545	 
	0378.204-MX	Mexico	vTvx Holdings I LLC	MX/a/2014/013105	 
	0378.204-NZ	New Zealand	vTvx Holdings I LLC	701802	 
	0378.204-SG	Singapore	vTvx Holdings I LLC	11201406987U	 
	0378.204-US	United States	vTvx Holdings I LLC	14/071,976	 
	0378.204-ZA	South Africa	vTvx Holdings I LLC	2014/07864	 
	0378.205-EP	Europe	vTvx Holdings I LLC	13726933.8	 
	0379.204-PCT	PCT Application	vTvx Holdings I LLC	PCT/US2014/019349	 
	2010-05-AU-A	Australia	vTvx Holdings I LLC	2011258460	2011258460
	2010-05-BR-A	Brazil	vTvx Holdings I LLC	BR1120120298445	 
	2010-05-CA-A	Canada	vTvx Holdings I LLC	2799591	 
	2010-05-CN-A	China	vTvx Holdings I LLC	201180025744.3	ZL201180025744.3
	2010-05-EA-A	Eurasia	vTvx Holdings I LLC	201201617	 
	2010-05-EP-A	Europe	vTvx Holdings I LLC	11787250.7	 
	2010-05-GCC-A	Gulf Cooperation Council	vTvx Holdings I LLC	GC 2011-18476	 
	2010-05-HK-A	Hong Kong	vTvx Holdings I LLC	13108290.5	 
	2010-05-IL-A	Israel	vTvx Holdings I LLC	223137	 
	2010-05-IN-A	India	vTvx Holdings I LLC	10658/CHENP/2012	 
	2010-05-JP-A	Japan	vTvx Holdings I LLC	2013-512164	 
	2010-05-KR-A	South Korea	vTvx Holdings I LLC	10-2012-7033687	 
	2010-05-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2012/013617	 
	2010-05-NZ-A	New Zealand	vTvx Holdings I LLC	603614	603614
	2010-05-SG-A	Singapore	vTvx Holdings I LLC	201208508-0	185660
	2010-05-TW-A	Taiwan	vTvx Holdings I LLC	100118368	 
	2010-05-US-A	United States	vTvx Holdings I LLC	13/114,964	 
	2010-05-ZA-A	South Africa	vTvx Holdings I LLC	2012/08834	 
	2013-02-PCT	PCT Application	vTvx Holdings I LLC	PCT/US2014/019363	 
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	6694.214-US	United States	vTvx Holdings I LLC	12/895,761	8,148,413
	6808.205-BG	Bulgaria	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-CY	Cyprus	vTvx Holdings I LLC	5700554.8	1723128 (CY1113736)
	6808.205-EE	Estonia	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-HK	Hong Kong	vTvx Holdings I LLC	7107531.4	HK1103074
	6808.205-IS	Iceland	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-LT	Lithuania	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-LU	Luxembourg	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-MC	Monaco	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-RO	Romania	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-SI	Slovenia	vTvx Holdings I LLC	5700554.8	1723128
	6808.205-SK	Slovakia	vTvx Holdings I LLC	5700554.8	1723128 (E13998 T3)
	6937.204-MX	Mexico	vTvx Holdings I LLC	MX/a/2007/006420	303022
	6937.204-US	United States	vTvx Holdings I LLC	11/791,200	8,148,412
	7112.204-AU	Australia	vTvx Holdings I LLC	2006268589	2006268589
	7112.204-BR	Brazil	vTvx Holdings I LLC	PI0612996-0	 
	7112.204-CA	Canada	vTvx Holdings I LLC	2615938	2,615,938
	7112.204-CN	China	vTvx Holdings I LLC	200680033512.1	ZL200680033512.1
	7112.204-IL	Israel	vTvx Holdings I LLC	188244	188244
	7112.204-IN	India	vTvx Holdings I LLC	10025/DELNP/2007	 
	7112.204-KR	South Korea	vTvx Holdings I LLC	10-2008-7002805	10-1446973
	7112.204-MX	Mexico	vTvx Holdings I LLC	MX/a/2008/000255	305666
	7112.204-RU	Russia	vTvx Holdings I LLC	2007147046	2443691
	7112.204-ZA	South Africa	vTvx Holdings I LLC	2008/00341	2008/00341
	7112.205-HK	Hong Kong	vTvx Holdings I LLC	8112906	HK1121744
	7127.204-US	United States	vTvx Holdings I LLC	12/298,840	8,211,925
	7209.204-US	United States	vTvx Holdings I LLC	11/994,728	7,582,769
	7563.204-AU	Australia	vTvx Holdings I LLC	2008-204530	2008204530
	7563.204-CA	Canada	vTvx Holdings I LLC	2675111	 
	7563.204-IL	Israel	vTvx Holdings I LLC	199615	 
	7563.204-IN	India	vTvx Holdings I LLC	4486/DELNP/2009	 
	2008-03-AU-A	Australia	vTvx Holdings I LLC	2009221722	2009221722
	2008-03-BR-A	Brazil	vTvx Holdings I LLC	PI0910282-5	 
	2008-03-CA-A	Canada	vTvx Holdings I LLC	2716664	 
	2008-03-CN-A	China	vTvx Holdings I LLC	200980108115.X	ZL200980108115.X
	2008-03-EA-A	Eurasia	vTvx Holdings I LLC	201071045	18225
	2008-03-EP-A	Europe	vTvx Holdings I LLC	9718287.7	 
	2008-03-HK-A	Hong Kong	vTvx Holdings I LLC	11102525.7	 
	2008-03-IL-A	Israel	vTvx Holdings I LLC	207570	207570
	2008-03-IN-A	India	vTvx Holdings I LLC	6085/DELNP/2010	 
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	2008-03-JP-A	Japan	vTvx Holdings I LLC	2010-549910	5382952
	2008-03-KR-A	South Korea	vTvx Holdings I LLC	10-2010-7020688	 
	2008-03-ME-A	Montenegro	vTvx Holdings I LLC	P-2010-143	1018
	2008-03-MO-A	Macau	vTvx Holdings I LLC	J/001523	 
	2008-03-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2010/009752	300256
	2008-03-NZ-A	New Zealand	vTvx Holdings I LLC	587343	587343
	2008-03-SG-A	Singapore	vTvx Holdings I LLC	201006155-4	164144 [WO 2009/111700]
	2008-03-US-A	United States	vTvx Holdings I LLC	12/399,504	7,727,983
	2008-03-US-B	United States	vTvx Holdings I LLC	12/759,010	7,790,714
	2008-03-US-C	United States	vTvx Holdings I LLC	12/849,225	7,906,507
	2008-03-US-D	United States	vTvx Holdings I LLC	12/872,580	8,524,708
	2008-03-US-E	United States	vTvx Holdings I LLC	13/956,578	8,703,766
	2008-03-US-F	United States	vTvx Holdings I LLC	14/197,771	8,933,222
	2008-03-US-G	United States	vTvx Holdings I LLC	14/556,837	 
	2008-03-ZA-A	South Africa	vTvx Holdings I LLC	2010/06367	2010/06367
	2008-06-US-A	United States	vTvx Holdings I LLC	12/936,434	8,718,994
	2009-01-AU-A	Australia	vTvx Holdings I LLC	2010232750	 
	2009-01-BR-A	Brazil	vTvx Holdings I LLC	PI1013579-0	 
	2009-01-CA-A	Canada	vTvx Holdings I LLC	2757084	 
	2009-01-CN-A	China	vTvx Holdings I LLC	201080015264.4	ZL201080015264.4
	2009-01-EA-A	Eurasia	vTvx Holdings I LLC	201171197	 
	2009-01-EP-A	Europe	vTvx Holdings I LLC	10779665.8	 
	2009-01-HK-A	Hong Kong	vTvx Holdings I LLC	12104614.4	 
	2009-01-IL-A	Israel	vTvx Holdings I LLC	214822	 
	2009-01-IN-A	India	vTvx Holdings I LLC	6636/DELNP/2011	 
	2009-01-JP-A	Japan	vTvx Holdings I LLC	2012-503599	 
	2009-01-KR-A	South Korea	vTvx Holdings I LLC	10-2011-7024153	 
	2009-01-MO-A	Macau	vTvx Holdings I LLC	J/001320	J/1320
	2009-01-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2011/010347	320199
	2009-01-SG-A	Singapore	vTvx Holdings I LLC	201106311-2	174205
	2009-01-US-A	United States	vTvx Holdings I LLC	12/825,631	8,383,644
	2009-01-US-B	United States	vTvx Holdings I LLC	13/707,265	8,987,295
	2009-01-US-C	United States	vTvx Holdings I LLC	14/603,556	 
	2009-01-ZA-A	South Africa	vTvx Holdings I LLC	2011/06441	 
	2011-01-US-A	United States	vTvx Holdings I LLC	13/934,491	 
	2012-01-AU-A	Australia	vTvx Holdings I LLC	2013235167	 
	2012-01-BR-A	Brazil	vTvx Holdings I LLC	BR1120140227438	 
	2012-01-CA-A	Canada	vTvx Holdings I LLC	2868033	 
	2012-01-CN-A	China	vTvx Holdings I LLC	201380015508.2	 
	2012-01-EA-A	Eurasia	vTvx Holdings I LLC	201491749	 
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	2012-01-EP-A	Europe	vTvx Holdings I LLC	13765015.6	 
	2012-01-HK-A	Hong Kong	vTvx Holdings I LLC	14112910.6	 
	2012-01-IL-A	Israel	vTvx Holdings I LLC	234615	 
	2012-01-IN-A	India	vTvx Holdings I LLC	7867/DELNP/2014	 
	2012-01-JP-A	Japan	vTvx Holdings I LLC	2015-501876	 
	2012-01-KR-A	South Korea	vTvx Holdings I LLC	10-2014-7026362	 
	2012-01-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2014/010366	 
	2012-01-NZ-A	New Zealand	vTvx Holdings I LLC	629203	 
	2012-01-SG-A	Singapore	vTvx Holdings I LLC	11201405353V	 
	2012-01-US-A	United States	vTvx Holdings I LLC	14/489,890	 
	2012-01-ZA-A	South Africa	vTvx Holdings I LLC	2014/06521	 
	2013-01-AU-A	Australia	vTvx Holdings I LLC	2014207748	 
	2013-01-CA-A	Canada	vTvx Holdings I LLC	 	 
	2013-01-NZ-A	New Zealand	vTvx Holdings I LLC	709129	 
	2013-01-SG-A	Singapore	vTvx Holdings I LLC	 	 
	2000-02-US-A	United States	vTvx Holdings I LLC	09/799,152	6,908,741
	2001-21-US-A	United States	vTvx Holdings I LLC	10/091,759	7,423,177
	2002-01-AT-A	Austria	vTvx Holdings I LLC	3713918.5	1482931 (E529110)
	2002-01-AU-A	Australia	vTvx Holdings I LLC	2003217943	2003217943
	2002-01-AU-B	Australia	vTvx Holdings I LLC	2007202350	2007202350
	2002-01-AU-C	Australia	vTvx Holdings I LLC	2009202814	2009202814
	2002-01-BE-A	Belgium	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-CA-A	Canada	vTvx Holdings I LLC	2476594	2,476,594
	2002-01-CH-A	Switzerland	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-CN-A	China	vTvx Holdings I LLC	3805204	ZL 03805204.0
	2002-01-DE-A	Germany	vTvx Holdings I LLC	3713918.5	1482931 (60338810.8)
	2002-01-DK-A	Denmark	vTvx Holdings I LLC	3713918.5	1482931 (DK/EP1482931)
	2002-01-EP-A	Europe	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-ES-A	Spain	vTvx Holdings I LLC	3713918.5	1482931 (2373875)
	2002-01-FR-A	France	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-GB-A	United Kingdom	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-HK-A	Hong Kong	vTvx Holdings I LLC	5103177.4	HK1069549
	2002-01-IE-A	Ireland	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-IT-A	Italy	vTvx Holdings I LLC	3713918.5	1482931 (47615 BE/2012)
	2002-01-JP-A	Japan	vTvx Holdings I LLC	2003-574195	4481011
	2002-01-LU-A	Luxembourg	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-MC-A	Monaco	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-MO-A	Macau	vTvx Holdings I LLC	J/000383	J/000383
	2002-01-NL-A	Netherlands	vTvx Holdings I LLC	3713918.5	1482931
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	2002-01-SE-A	Sweden	vTvx Holdings I LLC	3713918.5	1482931
	2002-01-US-A	United States	vTvx Holdings I LLC	10/382,203	7,361,678
	2002-01-US-B	United States	vTvx Holdings I LLC	11/511,163	7,714,013
	2002-01-US-C	United States	vTvx Holdings I LLC	11/800,085	7,737,285
	2007-01-CA-A	Canada	vTvx Holdings I LLC	2681864	 
	2007-01-US-A	United States	vTvx Holdings I LLC	12/046,872	7,884,219
	2007-01-US-B	United States	vTvx Holdings I LLC	12/982,775	8,372,988
	2009-03-CA-A	Canada	vTvx Holdings I LLC	2772797	 
	2009-03-CH-A	Switzerland	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-DE-A	Germany	vTvx Holdings I LLC	10757925.2	2470510 (602010016110.2)
	2009-03-EP-A	Europe	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-ES-A	Spain	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-FR-A	France	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-GB-A	United Kingdom	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-IE-A	Ireland	vTvx Holdings I LLC	10757925.2	2470510
	2009-03-IT-A	Italy	vTvx Holdings I LLC	10757925.2	2470510 (69561 BE/2014)
	2009-03-JP-A	Japan	vTvx Holdings I LLC	2012-532199	 
	2009-03-TW-A	Taiwan	vTvx Holdings I LLC	99132288	 
	2009-03-US-A	United States	vTvx Holdings I LLC	12/888,660	8,580,833
	2009-03-US-B	United States	vTvx Holdings I LLC	14/049,261	 
	2010-01-CA-A	Canada	vTvx Holdings I LLC	2788355	 
	2010-01-CH-A	Switzerland	vTvx Holdings I LLC	11745116.1	 
	2010-01-DE-A	Germany	vTvx Holdings I LLC	11745116.1	 
	2010-01-EP-A	Europe	vTvx Holdings I LLC	11745116.1	 
	2010-01-ES-A	Spain	vTvx Holdings I LLC	11745116.1	 
	2010-01-FR-A	France	vTvx Holdings I LLC	11745116.1	 
	2010-01-GB-A	United Kingdom	vTvx Holdings I LLC	11745116.1	 
	2010-01-IE-A	Ireland	vTvx Holdings I LLC	11745116.1	 
	2010-01-IT-A	Italy	vTvx Holdings I LLC	11745116.1	 
	2010-01-JP-A	Japan	vTvx Holdings I LLC	2012-553968	 
	2010-01-TW-A	Taiwan	vTvx Holdings I LLC	100104976	 
	2010-01-US-A	United States	vTvx Holdings I LLC	13/028,036	8,431,575
	2010-01-US-B	United States	vTvx Holdings I LLC	13/772,685	8,741,900
	2010-01-US-C	United States	vTvx Holdings I LLC	14/225,837	9,045,461
	2012-02-AU-A	Australia	vTvx Holdings I LLC	2013327450	 
	2012-02-BR-A	Brazil	vTvx Holdings I LLC	BR1120150076416	 
	2012-02-CA-A	Canada	vTvx Holdings I LLC	2886785	 
	2012-02-CN-A	China	vTvx Holdings I LLC	201380051206	 
	2012-02-EA-A	Eurasia	vTvx Holdings I LLC	201590687	 
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	2012-02-EP-A	Europe	vTvx Holdings I LLC	 	 
	2012-02-IL-A	Israel	vTvx Holdings I LLC	237730	 
	2012-02-IN-A	India	vTvx Holdings I LLC	3734/DELNP/2015	 
	2012-02-JP-A	Japan	vTvx Holdings I LLC	 	 
	2012-02-KR-A	South Korea	vTvx Holdings I LLC	10-2015-7011366	 
	2012-02-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2015/003732	 
	2012-02-NZ-A	New Zealand	vTvx Holdings I LLC	705813	 
	2012-02-SG-A	Singapore	vTvx Holdings I LLC	11201502210V	 
	2012-02-US-A	United States	vTvx Holdings I LLC	14/059,529	 
	2012-02-ZA-A	South Africa	vTvx Holdings I LLC	2015/01834	 
	2004-02-US-A	United States	vTvx Holdings I LLC	11/110,499	7,820,704
	2008-07-US-A	United States	vTvx Holdings I LLC	12/547,018	8,563,742
	2003-08-US-A	United States	vTvx Holdings I LLC	10/913,216	7,459,472
	2003-07-US-A	United States	vTvx Holdings I LLC	10/913,882	7,501,538
	2003-02-US-A	United States	vTvx Holdings I LLC	10/913,168	7,544,699
	2001-14/16-US-A	United States	vTvx Holdings I LLC	10/274,546	6,933,303
	2006-01-AU-A	Australia	vTvx Holdings I LLC	2007211319	2007211319
	2006-01-CA-A	Canada	vTvx Holdings I LLC	2637024	2,637,024
	2006-01-CN-A	China	vTvx Holdings I LLC	200780003942.3	ZL200780003942.3
	2006-01-EA-A	Eurasia	vTvx Holdings I LLC	200870218	19385
	2006-01-EP-A	Europe	vTvx Holdings I LLC	7763040.8	 
	2006-01-HK-A	Hong Kong	vTvx Holdings I LLC	9104978.9	HK1127342
	2006-01-IL-A	Israel	vTvx Holdings I LLC	192557	192557
	2006-01-JP-A	Japan	vTvx Holdings I LLC	2008-553332	5180099
	2006-01-MO-A	Macau	vTvx Holdings I LLC	J/000800	J/000800
	2006-01-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2008/008929	316963
	2006-01-NZ-A	New Zealand	vTvx Holdings I LLC	569329	569329
	2006-01-SG-A	Singapore	vTvx Holdings I LLC	200804987-6	144278 [WO 2007/089857]
	2006-01-US-A	United States	vTvx Holdings I LLC	11/699,780	7,723,369
	2006-01-US-B	United States	vTvx Holdings I LLC	12/685,178	8,404,731
	2006-01-ZA-A	South Africa	vTvx Holdings I LLC	2008/05648	2008/05648
	2004-04-AU-A	Australia	vTvx Holdings I LLC	2005271452	2005271452
	2004-04-CA-A	Canada	vTvx Holdings I LLC	2570324	2,570,324
	2004-04-CH-A	Switzerland	vTvx Holdings I LLC	5778764	1781700
	2004-04-CN-A	China	vTvx Holdings I LLC	200580025947.7	 
	2004-04-DE-A	Germany	vTvx Holdings I LLC	5778764	1781700 (602005043021.0)
	2004-04-EA-A	Eurasia	vTvx Holdings I LLC	200700404	12082
	2004-04-EP-A	Europe	vTvx Holdings I LLC	5778764	1781700
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	2004-04-ES-A	Spain	vTvx Holdings I LLC	5778764	1781700
	2004-04-FR-A	France	vTvx Holdings I LLC	5778764	1781700
	2004-04-GB-A	United Kingdom	vTvx Holdings I LLC	5778764	1781700
	2004-04-HK-A	Hong Kong	vTvx Holdings I LLC	7108801.5	 
	2004-04-IE-A	Ireland	vTvx Holdings I LLC	5778764	1781700
	2004-04-IL-A	Israel	vTvx Holdings I LLC	180554	180554
	2004-04-IN-A	India	vTvx Holdings I LLC	0797/DELNP/2007	257473
	2004-04-IT-A	Italy	vTvx Holdings I LLC	5778764	1781700
	2004-04-JP-A	Japan	vTvx Holdings I LLC	2007-524978	5188804
	2004-04-KR-A	South Korea	vTvx Holdings I LLC	10-2007-7005152	10-1323411
	2004-04-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2007/001559	293182
	2004-04-NZ-A	New Zealand	vTvx Holdings I LLC	552128	552128
	2004-04-SG-A	Singapore	vTvx Holdings I LLC	200700364-3	129082 [WO 2006/017647]
	2004-04-US-A	United States	vTvx Holdings I LLC	11/197,038	7,901,688
	2004-04-US-B	United States	vTvx Holdings I LLC	11/629,437	7,981,423
	2004-04-US-C	United States	vTvx Holdings I LLC	12/983,604	8,877,192
	2004-04-ZA-A	South Africa	vTvx Holdings I LLC	2007/00643	2007/00643
	2004-04-ZA-B	South Africa	vTvx Holdings I LLC	2009/06459	2009/06459
	2006-07-AU-A	Australia	vTvx Holdings I LLC	2007248784	2007248784
	2006-07-CA-A	Canada	vTvx Holdings I LLC	2651348	 
	2006-07-EA-A	Eurasia	vTvx Holdings I LLC	200870502	17291
	2006-07-EP-A	Europe	vTvx Holdings I LLC	7794379.3	 
	2006-07-JP-A	Japan	vTvx Holdings I LLC	2009-509615	5558810
	2006-07-MX-A	Mexico	vTvx Holdings I LLC	MX/a/2008/013863	307987
	2006-07-NZ-A	New Zealand	vTvx Holdings I LLC	571692	571692
	2006-07-US-A	United States	vTvx Holdings I LLC	11/789,637	7,981,424
	2006-07-US-B	United States	vTvx Holdings I LLC	13/158,748	8,344,120
	2006-07-ZA-A	South Africa	vTvx Holdings I LLC	2008/09394	2008/09394
	2009-04-CA-A	Canada	vTvx Holdings I LLC	2757079	2,757,079
	2009-04-EP-A	Europe	vTvx Holdings I LLC	10718284.2	 
	2009-04-JP-A	Japan	vTvx Holdings I LLC	2010-95600	 
	2009-04-US-A	United States	vTvx Holdings I LLC	13/265,132	9,034,341
	2009-04-US-B	United States	vTvx Holdings I LLC	14/686,352	 
	2010-02-CA-A	Canada	vTvx Holdings I LLC	2789244	 
	2010-02-EP-A	Europe	vTvx Holdings I LLC	10773766	 
	2010-02-JP-A	Japan	vTvx Holdings I LLC	2012-553874	 
	2010-02-US-A	United States	vTvx Holdings I LLC	13/062,395	 
	77456-A	United States	Jointly owned by vTvx Holdings I LLC and The Trustees of Columbia University in the City of New York, each with a 1/2 undivided interest.	11/197,644	 

 

    	 

    	 

    

 

Commercial Lease Transferred from vTvx Holdings I LLC:

 

		·	Lease Agreement, dated as of September 20, 1999, by and between Liberty Property Limited Partnership and TransTech Pharma,
Inc., as amended by that certain First Amendment thereto dated as of March 6, 2000, that certain Second Amendment thereto dated
as of March 22, 2000, that certain Third Amendment thereto dated as of December 5, 2001, that certain Fourth Amendment thereto
dated as of March 18, 2004, and that certain Fifth Amendment thereto dated as of May 30, 2013, which Lease Agreement, as amended,
relates to 4170 Mendenhall Oaks Pkwy, High Point, NC.

 

License Agreements and other Contracts Transferred from vTvx
Holdings I LLC:

 

		·	New Exclusive License Agreement, dated May 14, 2015, by and between The Trustees of Columbia University in the City of New
York and vTvx I Holdings LLC.

 

		·	Agreement Concerning Glucokinase Activator Project, dated February 20, 2007, by and between Novo Nordisk A/S and vTvx I Holdings
LLC.

 

		·	License and Research Agreement, dated as of March 5, 2015, by and among Calithera Biosciences Inc., vTvx I Holdings LLC, and
vTvx II Holdings LLC.

 

		·	Biological Program Termination Agreement, dated as of May 8, 2009, by and between Pfizer, Inc. and vTvx I Holdings LLC.

 

		·	Assignment of Patent Applications, dated as of July 17, 2013, by and between Pfizer, Inc. and vTvx I Holdings LLC.

 

		·	All other valid and ongoing licenses, contracts and other agreements entered into by vTvx Holdings I LLC, but excluding the
agreements set forth or referenced in the Excluded Assets section below.

 

Personal Property Transferred from vTvx Holdings I LLC:

 

		·	All personal property owned by vTvx Holdings I LLC, including (without limitation) the following:

 

		o	Laboratory equipment

 

		o	Leasehold improvements

 

		o	Computers and hardware

 

		o	Software

 

		o	Furniture and office equipment

 

    	 

    	 

    

 

Transferred Employee Assets of vTvx Holdings I LLC:

 

The following employee benefit plans are, in respect of
those employees of vTvx Holdings I LLC and vTvx Holdings II LLC whose employment is assigned and transferred to the Company and
subject to any transition services period as set forth in Sections 2.1(d)(i) and 2.1(d)(v) of the Agreement, assigned and transferred
to the Company.

 

		·	TransTech Pharma, LLC Retirement Plan

 

		o	Directed Trustee Agreement by and between TransTech Pharma, LLC and Mid Atlantic Trust Company, dated as of November 26, 2013

 

		o	Investment Management Agreement by and between High Point Bank and Trust Company and TransTech Pharma, LLC & PharmaCore,
Inc., dated as of November 26, 2013

 

		o	Recordkeeping and Investment Account Services Agreement by and between EPIC Advisors, Inc. and TransTech Pharma, LLC, dated
as of November 26, 2013

 

		·	BlueOptions Medical Plan (BlueCross BlueShield of North Carolina)

 

		·	Delta Dental PPO Plus Premier (Dental Plan)

 

		·	COBRA Administration Arrangement with Flores & Associates, LLC

 

		·	Wingspan Cafeteria Plan (AFLAC supplemental insurance)

 

		·	Group Term Life Insurance (USAble Life)

 

		·	Group Voluntary Life Insurance (USAble Life)

 

		·	Group Accidental Death and Dismemberment Insurance (USAble Life)

 

		·	Group Long Term Disability Insurance (USAble Life)

 

		·	Group Short Term Disability Insurance (administered by USAble Life)

 

    	 

    	 

    

 

Assets Transferred from vTvx Holdings
II LLC

 

INDs and
Similar Assets:

 

	Program	Compound	IND / File #	Holder
	BACH1	HPP971	IND 119,328	vTvx Holdings II LLC
	PDE4	HPP737	IND 116,186	vTvx Holdings II LLC
	PPAR	HPP593	IND 122,225; and IND 107,545	vTvx Holdings II LLC
	11-Beta	HPP851	IND 110,923	vTvx Holdings II LLC
	PPAR	HPP5920	IND 73,189	vTvx Holdings II LLC
	BACE	HPP854	IND 105,195	vTvx Holdings II LLC
	H3	HPP404	IND 103,863	vTvx Holdings II LLC

 

Patents:

 

	File No.	Country	Owner	Application No.	Patent No.
	3009.200-GCC	Gulf Cooperation Council	vTvx Holdings II LLC	GC 2011-17799	 
	3009.200-JO	Jordan	vTvx Holdings II LLC	47/2011	 
	3009.200-LB	Lebanon	vTvx Holdings II LLC	1193	9286
	3009.200-TW	Taiwan	vTvx Holdings II LLC	100105506	 
	3009.200-US	United States	vTvx Holdings II LLC	13/028,406	8,759,535
	3009.204-AU	Australia	vTvx Holdings II LLC	2011218316	 
	3009.204-BR	Brazil	vTvx Holdings II LLC	BR1120120207598	 
	3009.204-CA	Canada	vTvx Holdings II LLC	2789950	 
	3009.204-CN	China	vTvx Holdings II LLC	201180009915.3	ZL 201180009915.3
	3009.204-HK	Hong Kong	vTvx Holdings II LLC	12112645	 
	3009.204-IL	Israel	vTvx Holdings II LLC	220906	 
	3009.204-IN	India	vTvx Holdings II LLC	6692/DELNP/2012	 
	3009.204-JP	Japan	vTvx Holdings II LLC	2012-553942	 
	3009.204-KR	South Korea	vTvx Holdings II LLC	10-2012-7023193	 
	3009.204-MO	Macau	vTvx Holdings II LLC	J/001597	 
	3009.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2012/009628	 
	3009.204-NZ	New Zealand	vTvx Holdings II LLC	602395	602395
	3009.204-SG	Singapore	vTvx Holdings II LLC	201205373-2	182629
	3009.204-ZA	South Africa	vTvx Holdings II LLC	2012/05800	 
	3009.205-EA	Eurasia	vTvx Holdings II LLC	201290808	 
	3009.205-EP	Europe	vTvx Holdings II LLC	11745064.3	 
	3009.210-US	United States	vTvx Holdings II LLC	14/215,873	 
	3017.204-US	United States	vTvx Holdings II LLC	13/894,922	 
	3039.000-US	United States	vTvx Holdings II LLC	62/082,706	 
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	3040.000-US	United States	vTvx Holdings II LLC	62/085,875	 
	3036.000-US	United States	vTvx Holdings II LLC	62/063,347	 
	3037.000-US	United States	vTvx Holdings II LLC	62/063,352	 
	3038.000-US	United States	vTvx Holdings II LLC	62/063,348	 
	CBH-02560	United States	vTvx Holdings II LLC	62/171,051	 
	3004.204-AU	Australia	vTvx Holdings II LLC	2009206368	2009206368
	3004.204-BR	Brazil	vTvx Holdings II LLC	PI0906809-0	 
	3004.204-CA	Canada	vTvx Holdings II LLC	2711576	 
	3004.204-CN	China	vTvx Holdings II LLC	200980102961	ZL200980102961.0
	3004.204-HK	Hong Kong	vTvx Holdings II LLC	11102132.2	 
	3004.204-IL	Israel	vTvx Holdings II LLC	206854	206854
	3004.204-IN	India	vTvx Holdings II LLC	5151/DELNP/2010	 
	3004.204-JP	Japan	vTvx Holdings II LLC	2010-544436	5406215
	3004.204-KR	South Korea	vTvx Holdings II LLC	10-2010-7017176	 
	3004.204-MO	Macau	vTvx Holdings II LLC	J/001596	 
	3004.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2010/007768	313517
	3004.204-NZ	New Zealand	vTvx Holdings II LLC	586695	586695
	3004.204-SG	Singapore	vTvx Holdings II LLC	201005095-3	163680 [WO 2009/094528]
	3004.204-US	United States	vTvx Holdings II LLC	12/532,861	7,964,608
	3004.204-ZA	South Africa	vTvx Holdings II LLC	2010/04818	2010/04818
	3004.205-CH	Switzerland	vTvx Holdings II LLC	9704760.9	2244574
	3004.205-DE	Germany	vTvx Holdings II LLC	9704760.9	2244574 (DE 60 2009 026 929.1)
	3004.205-EA	Eurasia	vTvx Holdings II LLC	201070884	18462
	3004.205-EP	Europe	vTvx Holdings II LLC	9704760.9	2244574
	3004.205-ES	Spain	vTvx Holdings II LLC	9704760.9	2244574
	3004.205-FR	France	vTvx Holdings II LLC	9704760.9	2244574
	3004.205-IE	Ireland	vTvx Holdings II LLC	9704760.9	2244574
	3004.205-IT	Italy	vTvx Holdings II LLC	9704760.9	2244574 (IT 72239/BE/2014)
	3004.205-UK	United Kingdom	vTvx Holdings II LLC	9704760.9	2244574
	3004.214-US	United States	vTvx Holdings II LLC	13/040,382	8,853,226
	3004.224-US	United States	vTvx Holdings II LLC	13/410,628	8,329,715
	3004.234-US	United States	vTvx Holdings II LLC	14/477,302	 
	3025.200-US	United States	vTvx Holdings II LLC	14/478,594	 
	3025.204-PCT	PCT Application	vTvx Holdings II LLC	PCT/US2014/054303	 
	5697.200-US	United States	vTvx Holdings II LLC	09/551,740	6,972,294
	6134.210-US	United States	vTvx Holdings II LLC	10/370,856	6,867,218
	6310.200-US	United States	vTvx Holdings II LLC	10/201,456	6,869,967
	6569.200-US	United States	vTvx Holdings II LLC	10/693,161	7,129,268
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	6569.204-AU	Australia	vTvx Holdings II LLC	2003273783	2003273783
	6569.204-CN	China	vTvx Holdings II LLC	200380102228.1	ZL200380102228.1
	6569.204-IN	India	vTvx Holdings II LLC	1364/DELNP/2005	232024
	6569.204-JP	Japan	vTvx Holdings II LLC	2005-501509	4708184
	6569.204-MX	Mexico	vTvx Holdings II LLC	PA/a/2005/004402	254995
	6569.204-RU	Russia	vTvx Holdings II LLC	2005116243	2349582
	6569.204-ZA	South Africa	vTvx Holdings II LLC	2005/02814	2005/02814
	6569.205-BE	Belgium	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-CH	Switzerland	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-DE	Germany	vTvx Holdings II LLC	3757741.8	1558572 (60333211.0)
	6569.205-EP	Europe	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-ES	Spain	vTvx Holdings II LLC	3757741.8	1558572 (2345882)
	6569.205-FR	France	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-GB	United Kingdom	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-IE	Ireland	vTvx Holdings II LLC	3757741.8	1558572
	6569.205-IT	Italy	vTvx Holdings II LLC	3757741.8	1558572 (27102 BE/2010)
	7186.200-TW	Taiwan	vTvx Holdings II LLC	95123781	I371446
	7186.204-AU	Australia	vTvx Holdings II LLC	2006265172	2006265172
	7186.204-BR	Brazil	vTvx Holdings II LLC	PI0612730-4	 
	7186.204-CA	Canada	vTvx Holdings II LLC	2613365	2,613,365
	7186.204-IN	India	vTvx Holdings II LLC	9775/DELNP/2007	 
	7186.204-JP	Japan	vTvx Holdings II LLC	2008-519909	5052511
	7186.204-KR	South Korea	vTvx Holdings II LLC	10-2008-7001795	10-1333101
	7186.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2007/016374	289941
	7186.204-RU	Russia	vTvx Holdings II LLC	2007147050	2412935
	7186.204-US	United States	vTvx Holdings II LLC	11/917,811	7,943,669
	7186.205-CH	Switzerland	vTvx Holdings II LLC	6763966.6	1899302
	7186.205-DE	Germany	vTvx Holdings II LLC	6763966.6	1899302 (602006025239.0)
	7186.205-EP	Europe	vTvx Holdings II LLC	6763966.6	1899302
	7186.205-ES	Spain	vTvx Holdings II LLC	6763966.6	1899302 (2372617)
	7186.205-FR	France	vTvx Holdings II LLC	6763966.6	1899302
	7186.205-GB	United Kingdom	vTvx Holdings II LLC	6763966.6	1899302
	7186.205-IE	Ireland	vTvx Holdings II LLC	6763966.6	1899302
	7186.205-IT	Italy	vTvx Holdings II LLC	6763966.6	1899302 (32046 BE/2011)
	7186.214-MX	Mexico	vTvx Holdings II LLC	MX/a/2011/008185	313342
	7186.214-US	United States	vTvx Holdings II LLC	13/080,425	8,217,086
	7186.215-CH	Switzerland	vTvx Holdings II LLC	10188181.1	2298742
	7186.215-DE	Germany	vTvx Holdings II LLC	10188181.1	2298742 (602006040041.1)
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	7186.215-EP	Europe	vTvx Holdings II LLC	10188181.1	2298742
	7186.215-ES	Spain	vTvx Holdings II LLC	10188181.1	2298742 (2449618)
	7186.215-FR	France	vTvx Holdings II LLC	10188181.1	2298742
	7186.215-GB	United Kingdom	vTvx Holdings II LLC	10188181.1	2298742
	7186.215-IE	Ireland	vTvx Holdings II LLC	10188181.1	2298742
	7186.215-IT	Italy	vTvx Holdings II LLC	10188181.1	2298742 (21081 BE/2014)
	7186.224-US	United States	vTvx Holdings II LLC	13/466,191	8,426,473
	7253.200-TW	Taiwan	vTvx Holdings II LLC	95148358	I389878
	7253.204-AU	Australia	vTvx Holdings II LLC	2006327003	2006327003
	7253.204-BR	Brazil	vTvx Holdings II LLC	PI0620468-6	 
	7253.204-CA	Canada	vTvx Holdings II LLC	2631390	2,631,390
	7253.204-IL	Israel	vTvx Holdings II LLC	191655	191655
	7253.204-IN	India	vTvx Holdings II LLC	5418/DELNP/2008	 
	7253.204-JP	Japan	vTvx Holdings II LLC	2008-546470	5054028
	7253.204-KR	South Korea	vTvx Holdings II LLC	10-2008-7016288	10-1265078
	7253.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2008/008098	294461
	7253.204-NZ	New Zealand	vTvx Holdings II LLC	568488	568488
	7253.204-US	United States	vTvx Holdings II LLC	12/097,564	7,943,613
	7253.204-ZA	South Africa	vTvx Holdings II LLC	2008/04767	2008/04767
	7253.205-AT	Austria	vTvx Holdings II LLC	6830789.1	1979311 (E561921)
	7253.205-BE	Belgium	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-CH	Switzerland	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-DE	Germany	vTvx Holdings II LLC	6830789.1	1979311 (602006030230.4)
	7253.205-EA	Eurasia	vTvx Holdings II LLC	200870103	15717
	7253.205-EP	Europe	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-ES	Spain	vTvx Holdings II LLC	6830789.1	1979311 (2386734)
	7253.205-FR	France	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-GB	United Kingdom	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-IE	Ireland	vTvx Holdings II LLC	6830789.1	1979311
	7253.205-IT	Italy	vTvx Holdings II LLC	6830789.1	1979311
	7253.214-CN	China	vTvx Holdings II LLC	201310097997.2	 
	7253.214-HK	Hong Kong	vTvx Holdings II LLC	14100388.4	 
	7253.214-US	United States	vTvx Holdings II LLC	13/079,460	8,362,016
	7253.224-US	United States	vTvx Holdings II LLC	13/708,163	8,551,993
	7253.234-US	United States	vTvx Holdings II LLC	14/016,442	 
	3006.204-AU	Australia	vTvx Holdings II LLC	2009316802	2009316802
	3006.204-CA	Canada	vTvx Holdings II LLC	2744383	 
	3006.204-EA	Eurasia	vTvx Holdings II LLC	201170703	20496
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	3006.204-IN	India	vTvx Holdings II LLC	3778/DELNP/2011	 
	3006.204-KR	South Korea	vTvx Holdings II LLC	10-2011-7013921	 
	3006.204-ME	Montenegro	vTvx Holdings II LLC	P-2011-89	1145
	3006.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2011/005037	322321
	3006.204-US	United States	vTvx Holdings II LLC	13/128,045	8,927,549
	3006.204-ZA	South Africa	vTvx Holdings II LLC	2011/04551	2011/04551
	3006.205-EP	Europe	vTvx Holdings II LLC	9828106.6	 
	3006.214-SG	Singapore	vTvx Holdings II LLC	201308611-1	 
	3015.200-US	United States	vTvx Holdings II LLC	13/189,640	8,513,430
	6620.504-US	United States	vTvx Holdings II LLC	11/254,125	7,501,405
	7533.204-US	United States	vTvx Holdings II LLC	12/528,227	8,334,305
	7534.204-AU	Australia	vTvx Holdings II LLC	2008219326	2008219326
	7534.204-CA	Canada	vTvx Holdings II LLC	2675669	2,675,669
	7534.204-CN	China	vTvx Holdings II LLC	200880005896.5	 
	7534.204-IL	Israel	vTvx Holdings II LLC	199853	 
	7534.204-JP	Japan	vTvx Holdings II LLC	2009-550278	5243455
	7534.204-KR	South Korea	vTvx Holdings II LLC	10-2009-7017160	10-1487813
	7534.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2009/008228	310901
	7534.204-US	United States	vTvx Holdings II LLC	12/528,229	8,383,820
	7534.204-ZA	South Africa	vTvx Holdings II LLC	2009/04916	2009/04916
	7534.205-EA	Eurasia	vTvx Holdings II LLC	200970791	16951
	7534.205-EP	Europe	vTvx Holdings II LLC	8709090.8	 
	7534.205-HK	Hong Kong	vTvx Holdings II LLC	10105670.4	 
	7534.214-US	United States	vTvx Holdings II LLC	13/739,408	8,809,540
	7534.224-US	United States	vTvx Holdings II LLC	14/321,884	8,907,096
	7545.204-CN	China	vTvx Holdings II LLC	200880019488.5	ZL200880019488.5
	7545.204-US	United States	vTvx Holdings II LLC	12/597,129	8,383,683
	7545.205-BE	Belgium	vTvx Holdings II LLC	8745501	2150109
	7545.205-CH	Switzerland	vTvx Holdings II LLC	8745501	2150109
	7545.205-DE	Germany	vTvx Holdings II LLC	8745501	2150109 (602008018859.0)
	7545.205-EP	Europe	vTvx Holdings II LLC	8745501	2150109
	7545.205-ES	Spain	vTvx Holdings II LLC	8745501	2150109 (2393230)
	7545.205-FR	France	vTvx Holdings II LLC	8745501	2150109
	7545.205-GB	United Kingdom	vTvx Holdings II LLC	8745501	2150109
	7545.205-HK	Hong Kong	vTvx Holdings II LLC	10106495.5	HK1140377
	7545.205-IE	Ireland	vTvx Holdings II LLC	8745501	2150109
	7545.205-IT	Italy	vTvx Holdings II LLC	8745501	2150109 (52364 BE/2012)
	3002.204-AU	Australia	vTvx Holdings II LLC	2006223070	2006223070
	3002.204-CA	Canada	vTvx Holdings II LLC	2600570	2,600,570
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	3002.204-CN	China	vTvx Holdings II LLC	200680008417.6	ZL200680008417.6
	3002.204-IL	Israel	vTvx Holdings II LLC	185541	185541
	3002.204-MO	Macau	vTvx Holdings II LLC	J/000923	J/000923
	3002.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2007/011234	299183
	3002.204-NZ	New Zealand	vTvx Holdings II LLC	561029	561029
	3002.204-US	United States	vTvx Holdings II LLC	11/885,096	7,893,267
	3002.205-AT	Austria	vTvx Holdings II LLC	6738139.2	1863771 (E582940)
	3002.205-BE	Belgium	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-CH	Switzerland	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-DE	Germany	vTvx Holdings II LLC	6738139.2	1863771 (602006032907.5)
	3002.205-EP	Europe	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-ES	Spain	vTvx Holdings II LLC	6738139.2	1863771 (2400287)
	3002.205-FR	France	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-GB	United Kingdom	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-HK	Hong Kong	vTvx Holdings II LLC	8105884	 
	3002.205-IE	Ireland	vTvx Holdings II LLC	6738139.2	1863771
	3002.205-IT	Italy	vTvx Holdings II LLC	6738139.2	1863771 (47770 BE/2013)
	3002.214-US	United States	vTvx Holdings II LLC	12/950,718	8,598,353
	3002.214-ZA	South Africa	vTvx Holdings II LLC	2009/03300	2009/03300
	3002.224-US	United States	vTvx Holdings II LLC	14/064,737	8,946,259
	3011.204-US	United States	vTvx Holdings II LLC	13/214,434	8,350,039
	3013.200-US	United States	vTvx Holdings II LLC	13/052,544	8,450,354
	3001.200-US	United States	vTvx Holdings II LLC	11/255,000	7,582,673
	5390.200-US	United States	vTvx Holdings II LLC	09/548,081	6,908,926
	6327.205-EP	Europe	vTvx Holdings II LLC	2742851.5	1421071
	6446.204-MX	Mexico	vTvx Holdings II LLC	PA/a/2004/007416	251269
	6483.200-US	United States	vTvx Holdings II LLC	10/453,106	6,906,060
	6739.204-AU	Australia	vTvx Holdings II LLC	2004259263	2004259263
	6739.204-CA	Canada	vTvx Holdings II LLC	2532236	2,532,236
	6739.204-CN	China	vTvx Holdings II LLC	200480021891.3	ZL200480021891.3
	6739.204-MX	Mexico	vTvx Holdings II LLC	PA/a/2006/001053	257494
	6739.204-US	United States	vTvx Holdings II LLC	11/334,207	7,294,626
	6739.205-BE	Belgium	vTvx Holdings II LLC	4738980.4	1651615
	6739.205-CH	Switzerland	vTvx Holdings II LLC	4738980.4	1651615
	6739.205-DE	Germany	vTvx Holdings II LLC	4738980.4	1651615 (602004026068.1)
	6739.205-EP	Europe	vTvx Holdings II LLC	4738980.4	1651615
	6739.205-ES	Spain	vTvx Holdings II LLC	4738980.4	1651615 (2342605)
	6739.205-FR	France	vTvx Holdings II LLC	4738980.4	1651615
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	6739.205-GB	United Kingdom	vTvx Holdings II LLC	4738980.4	1651615
	6739.205-IE	Ireland	vTvx Holdings II LLC	4738980.4	1651615
	6739.205-IT	Italy	vTvx Holdings II LLC	4738980.4	1651615 (24463 BE/2010)
	7213.204-AU	Australia	vTvx Holdings II LLC	2006264966	2006264966
	7213.204-CA	Canada	vTvx Holdings II LLC	2614116	 
	7213.204-JP	Japan	vTvx Holdings II LLC	2008-519917	5121707
	7213.204-KR	South Korea	vTvx Holdings II LLC	10-2008-7000240	10-1286569
	7213.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2007/015675	295147
	7213.204-RU	Russia	vTvx Holdings II LLC	2007147044	2442775
	7213.204-US	United States	vTvx Holdings II LLC	11/917,823	8,501,739
	7213.214-RU	Russia	vTvx Holdings II LLC	2011142654	2499795
	7213.214-US	United States	vTvx Holdings II LLC	13/472,090	8,846,677
	7213.215-CH	Switzerland	vTvx Holdings II LLC	10166493.6	2233470
	7213.215-DE	Germany	vTvx Holdings II LLC	10166493.6	2233470 (602006026313.9)
	7213.215-EP	Europe	vTvx Holdings II LLC	10166493.6	2233470
	7213.215-ES	Spain	vTvx Holdings II LLC	10166493.6	2233470 (2375929)
	7213.215-FR	France	vTvx Holdings II LLC	10166493.6	2233470
	7213.215-GB	United Kingdom	vTvx Holdings II LLC	10166493.6	2233470
	7213.215-IE	Ireland	vTvx Holdings II LLC	10166493.6	2233470
	7213.215-IT	Italy	vTvx Holdings II LLC	10166493.6	2233470 (19699 BE/2012)
	7397.204-AU	Australia	vTvx Holdings II LLC	2007229492	2007229492
	7397.204-CN	China	vTvx Holdings II LLC	200780010971.2	ZL200780010971.2
	7397.204-KR	South Korea	vTvx Holdings II LLC	10-2008-7023919	10-1280333
	7397.204-MO	Macau	vTvx Holdings II LLC	J/000709	J/000709
	7397.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2008/011123	288665
	7397.204-NZ	New Zealand	vTvx Holdings II LLC	570524	570524
	7397.204-US	United States	vTvx Holdings II LLC	12/294,756	8,394,842
	7397.204-ZA	South Africa	vTvx Holdings II LLC	2008/06985	2008/06985
	7397.205-BE	Belgium	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-CH	Switzerland	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-DE	Germany	vTvx Holdings II LLC	7727226.8	1999120 (602007023602.9)
	7397.205-EA	Eurasia	vTvx Holdings II LLC	200870376	15569
	7397.205-EP	Europe	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-ES	Spain	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-FR	France	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-GB	United Kingdom	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-HK	Hong Kong	vTvx Holdings II LLC	9107300.1	HK1129102
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	7397.205-IE	Ireland	vTvx Holdings II LLC	7727226.8	1999120
	7397.205-IT	Italy	vTvx Holdings II LLC	7727226.8	1999120 (28597 BE/2012)
	7397.214-US	United States	vTvx Holdings II LLC	13/660,045	8,772,285
	7435.204-US	United States	vTvx Holdings II LLC	12/301,919	8,318,927
	7461.204-AU	Australia	vTvx Holdings II LLC	2007267197	2007267197
	7461.204-CA	Canada	vTvx Holdings II LLC	2659570	 
	7461.204-EA	Eurasia	vTvx Holdings II LLC	200870586	16026
	7461.204-IL	Israel	vTvx Holdings II LLC	194681	194681
	7461.204-JP	Japan	vTvx Holdings II LLC	2009-512547	5694661
	7461.204-MX	Mexico	vTvx Holdings II LLC	MX/a/2008/014766	297339
	7461.204-NZ	New Zealand	vTvx Holdings II LLC	571972	571972
	7461.204-US	United States	vTvx Holdings II LLC	12/302,132	8,378,097
	7461.204-ZA	South Africa	vTvx Holdings II LLC	2008/08730	2008/08730
	7461.205-AL	Albania	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-AT	Austria	vTvx Holdings II LLC	7729379.3	2079732 (E538116)
	7461.205-BA	Bosnia & Herzegovina	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-BE	Belgium	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-BG	Bulgaria	vTvx Holdings II LLC	7729379.3	2079732 (BG/EP2079732T3)
	7461.205-CH	Switzerland	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-CY	Cyprus	vTvx Holdings II LLC	7729379.3	2079732 (CY1112455)
	7461.205-CZ	Czech Republic	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-DE	Germany	vTvx Holdings II LLC	7729379.3	2079732 (602007019505.5)
	7461.205-DK	Denmark	vTvx Holdings II LLC	7729379.3	2079732 (DK/EP2079732)
	7461.205-EE	Estonia	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-EP	Europe	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-ES	Spain	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-FI	Finland	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-FR	France	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-GB	United Kingdom	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-GR	Greece	vTvx Holdings II LLC	7729379.3	2079732 (3077337)
	7461.205-HR	Croatia	vTvx Holdings II LLC	7729379.3	2079732 (P20120227)
	7461.205-HU	Hungary	vTvx Holdings II LLC	7729379.3	2079732 (E012931)
	7461.205-IE	Ireland	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-IS	Iceland	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-IT	Italy	vTvx Holdings II LLC	7729379.3	2079732 (21629 BE/2012)
	7461.205-LT	Lithuania	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-LU	Luxembourg	vTvx Holdings II LLC	7729379.3	2079732
	

    	 

    	 

    

	File No.	Country	Owner	Application No.	Patent No.
	7461.205-LV	Latvia	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-MC	Monaco	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-ME	Montenegro	vTvx Holdings II LLC	7729379.3	1302
	7461.205-MK	Macedonia	vTvx Holdings II LLC	7729379.3	2079732 (P-403/11)
	7461.205-MT	Malta	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-NL	Netherlands	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-PL	Poland	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-PT	Portugal	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-RO	Romania	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-RS	Serbia	vTvx Holdings II LLC	7729379.3	2079732 (P-78/12)
	7461.205-SE	Sweden	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-SI	Slovenia	vTvx Holdings II LLC	7729379.3	2079732
	7461.205-SK	Slovakia	vTvx Holdings II LLC	7729379.3	2079732 (E11259 T3)
	7461.205-TR	Turkey	vTvx Holdings II LLC	7729379.3	2079732 (TR201201949T4)
	7461.214-SG	Singapore	vTvx Holdings II LLC	201004699-3	163547 [WO 2007/137968]
	7660.204-US	United States	vTvx Holdings II LLC	12/663,103	8,344,001

 

License Agreements and other Contracts Transferred from vTvx
Holdings II LLC:

 

		·	License and Research Agreement, dated as of March 5, 2015, by and among Calithera Biosciences Inc., vTvx I Holdings LLC, and
vTvx II Holdings LLC.

 

		·	All other valid and ongoing licenses, contracts and other agreements entered into by vTvx Holdings II LLC, but excluding the
agreements set forth or referenced in the Excluded Assets section below.

 

Transferred Employee Assets of vTvx Holdings II LLC:

 

None.

 

Know-How Transferred
from both vTvx Holdings I LLC and vTvx Holdings II LLC:

 

All know-how
associated with any of the foregoing transferred intellectual and other property, including all programs and the “Translational
Technology”, including without limitation the following programs:

 

		·	RAGE (TTP488) program

 

		·	GK (TTP399) program

 

		·	GLP (TTP273) program

 

		·	PPAR (HPP593) program

 

		·	BACH1 (HPP971) program

 

    	 

    	 

    

 

		·	HK2 program

 

		·	RAGE (TTP4000) program

 

		·	PDE4 program

 

		·	11beta program

 

		·	BACE program

 

		·	GalR1 program

 

		·	H3 program

 

    	 

    	 

    

 

Excluded
Assets

 

List of vTvx Holdings I LLC assets that are NOT being assigned
or transferred:

 

For the avoidance of doubt, the following
assets are excluded from assignment or transfer by vTvx Holdings I LLC:

 

	Category	Items
	Commercial Lease	
        Commercial Lease for 4160 Mendenhall Oaks Pkwy Building

         

	Real Property 	
        Lot 6 – 4130 Mendenhall Oaks Pkwy, High Point,
NC (3.322 acres)

        Lot 8 – 4150 Mendenhall Oaks Pkwy, High Point,
NC (3.060 acres)

        Lot 11-A – 4165 Mendenhall Oaks Pkwy, High Point, NC (10.346
        acres)

         

	Financial 	
        1)     
Note receivable from Former Officer plus any accrued interest

        2)     
Note receivable from PharmaCore, Inc. plus any accrued interest

        3)     
Restricted cash to secure letter of credit for 4160 Mendenhall Oaks lease

        4)     
Benefits and obligations described in the Letter Agreement with Former Officer dated December 31, 2014,   including, but not limited
to, cash payments and perpetual securities.

        5)     
Note payable to M&F TTP Holdings LLC (“Uncommitted Advance Agreement”) plus any accrued interest

        6)     
Note payable to High Point Bank plus any accrued interest

        7)     
        Accounts payable invoices to PharmaCore, Inc. prior to January 1, 2015 

         

	Domain Names	
        TRANSTECHPHARMA.BIZ

        TRANSTECHPHARMA.COM

        TRANSTECHPHARMA.INFO

        TRANSTECHPHARMA.NET

        TRANSTECHPHARMA.ORG

        TRANSTECHPHARMA.US

        TRANSTECHPHARMA.XXX

        TTPHARMA.BIZ

        TT-PHARMA.BIZ

        TTPHARMA.COM

        TTPHARMA.INFO

        TT-PHARMA.INFO

        TTPHARMA.NET

        TT-PHARMA.NET

        TTPHARMA.ORG

        TT-PHARMA.ORG

        TTPHARMA.US

        TT-PHARMA.US

         

	 	 	 
	

    	 

    	 

    

	 	 	 
	Trademarks	Trademark	Application No.
	TRANSTECH PHARMA	76/406,577
	TRANSTECH PHARMA & DESIGN	76/406,579
	AT THE FRONTIER OF TRANSLATING INNOVATIVE SCIENCE INTO MEDICINE	76/404,964
	VTV THERAPEUTICS (Class 5)	86/594,084
	VTV THERAPEUTICS (Class 42)	86/594,096
	VTV THERAPEUTICS (Class 44)	86/594,102

 

List of vTvx Holdings II LLC assets that are NOT being assigned
or transferred:

 

For the avoidance of doubt, the following
assets are excluded from assignment or transfer by vTvx Holdings II LLC:

 

	Category	Items
	Financial 	
        1)     
        Benefits and obligations described in the Letter Agreement with Former Officer dated December 31, 2014,
          including, but not limited to, cash payments and perpetual securities.

        2)     
Note payable to M&F TTP Holdings LLC (“Uncommitted Advance Agreement”) plus any accrued interest

        3)     
        Accounts payable invoices to PharmaCore, Inc. prior to January 1, 2015

         

	Domain Names	
        HIGHPOINTPHARMACUTICALS.COM

        HPPHARMA.COM

        HPPHARMACEUTICAL.COM

        HIGHPOINTPHARMA.BIZ

        HIGHPOINTPHARMA.COM

        HIGHPOINTPHARMA.INFO

        HIGHPOINTPHARMA.NET

        HIGHPOINTPHARMA.ORG

        HIGHPOINTPHARMA.US

        HIGHPOINTPHARMACEUTICAL.COM

        HIGHPOINTPHARMACEUTICALS.BIZ

        HIGHPOINTPHARMACEUTICALS.COM

        HIGHPOINTPHARMACEUTICALS.NET

        HPPHARMACEUTICALS.COM

         

 

    	 

    	 

    

 

Schedule 2

 

Employee Benefit Plans
of vTvx I and vTvx II

 

(See attached.)

 

    	 

    	 

    

 

Schedule 2

 

Employee
Benefit Plans of vTvx I and vTvx II

 

Employees of vTvx Holdings I LLC and vTvx
Holdings II LLC whose employment is assigned and transferred pursuant to Sections 2.1(d)(ii) and 2.1(d)(v) of the Agreement may
continue to participate in the following employee benefit plans of vTvx Holdings I LLC and vTvx Holdings II LLC, as applicable,
for a period not to exceed four months pursuant to the terms of a customary transition services agreement.

 

		·	BlueOptions Medical Plan (BlueCross BlueShield of North Carolina)

 

		·	Delta Dental PPO Plus Premier (Dental Plan)

 

		·	COBRA Administration Arrangement with Flores & Associates, LLC

 

		·	Wingspan Cafeteria Plan (AFLAC supplemental insurance)

 

		·	Group Term Life Insurance (USAble Life)

 

		·	Group Voluntary Life Insurance (USAble Life)

 

		·	Group Accidental Death and Dismemberment Insurance (USAble Life)

 

		·	Group Long Term Disability Insurance (USAble Life)

 

		·	Group Short Term Disability Insurance (administered by USAble Life)Exhibit 10.2

 

AMENDED AND RESTATED

LIMITED LIABILITY COMPANY AGREEMENT

of

VTV THERAPEUTICS LLC

Dated as of July 29, 2015

    	 

    	 

    

 

TABLE OF CONTENTS

 

Page

 

	Article I DEFINITIONS AND USAGE	1
	Section 1.01   Definitions	1
	Section 1.02   Other Definitional and Interpretative Provisions	11
	Article II THE COMPANY	12
	Section 2.01   Formation	12
	Section 2.02   Name	12
	Section 2.03   Term	13
	Section 2.04   Registered Agent and Registered Office	13
	Section 2.05   Purposes	13
	Section 2.06   Powers of the Company	13
	Section 2.07   Partnership Tax Status	13
	Section 2.08   Regulation of Internal Affairs	13
	Section 2.09   Ownership of Property	13
	Section 2.10   Subsidiaries	13
	Article III UNITS; MEMBERS; BOOKS AND RECORDS; REPORTS	14
	Section 3.01   Units; Admission of Members	14
	Section 3.02   Substitute Members and Additional Members	14
	Section 3.03   Tax and Accounting Information	15
	Section 3.04   Books and Records	16
	Article IV PUBCO OWNERSHIP; RESTRICTIONS ON PUBCO STOCK	17
	Section 4.01   Pubco Ownership	17
	Section 4.02   Restrictions on Pubco Common Stock	18
	Article V CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS; DISTRIBUTIONS; ALLOCATIONS	20
	Section 5.01   Capital Contributions	20
	Section 5.02   Capital Accounts	20
	Section 5.03   Amounts and Priority of Distributions	22
	Section 5.04   Allocations	24
	Section 5.05   Other Allocation Rules	27
	Section 5.06   Tax Withholding; Withholding Advances	27
	Article VI CERTAIN TAX MATTERS	29
	Section 6.01   Tax Matters Partner	29
	Section 6.02   Section 754 Election	29

    	i

    	 

    

	Article VII MANAGEMENT OF THE COMPANY	29
	Section 7.01   Management by the Managing Member	29
	Section 7.02   Withdrawal of the Managing Member	30
	Section 7.03   Decisions by the Members	30
	Section 7.04   [Reserved]	31
	Section 7.05   Officers	31
	Article VIII TRANSFERS OF INTERESTS	31
	Section 8.01   Restrictions on Transfers	31
	Section 8.02   Certain Permitted Transfers	32
	Section 8.03   Registration of Transfers	33
	Article IX [RESERVED]	33
	Article X LIMITATION ON LIABILITY, EXCULPATION AND INDEMNIFICATION	33
	Section 10.01   Limitation on Liability	33
	Section 10.02   Exculpation and Indemnification	33
	Article XI DISSOLUTION AND TERMINATION	36
	Section 11.01   Dissolution	36
	Section 11.02   Winding Up of the Company	36
	Section 11.03   Termination	37
	Section 11.04   Survival	37
	Article XII MISCELLANEOUS	37
	Section 12.01   Expenses	37
	Section 12.02   Further Assurances	38
	Section 12.03   Notices	38
	Section 12.04   Binding Effect; Benefit; Assignment	38
	Section 12.05   Jurisdiction	38
	Section 12.06   WAIVER OF JURY TRIAL	39
	Section 12.07   Counterparts	39
	Section 12.08   Entire Agreement	39
	Section 12.09   Severability	40
	Section 12.10   Amendment	40
	Section 12.11   Confidentiality	41
	Section 12.12   Governing Law	42

 

Schedule A            Member Schedule

 

    	ii

    	 

    

AMENDED AND RESTATED LIMITED LIABILITY COMPANY
AGREEMENT (this “Agreement”) of vTv Therapeutics LLC, a Delaware limited liability company (the “Company”),
dated as of July 29, 2015, by and among the Company, vTv Therapeutics Inc., a Delaware corporation (“Pubco”),
vTv Therapeutics Holdings LLC, a Delaware limited liability company (“Holdings”), and each other Person admitted
as a Member pursuant to Section 3.02(a) hereof.

 

W I T N E S S E T H:

 

WHEREAS, the Company has been heretofore formed
as a limited liability company under the Delaware Act (as defined below) pursuant to a certificate of formation which was executed
and filed with the Secretary of State of the State of Delaware on April 15, 2015;

 

WHEREAS, Holdings entered into the initial
Operating Agreement of the Company, dated as of April 15, 2015 (the “Initial LLC Agreement”); and

 

WHEREAS, pursuant to the terms of the Reorganization
Agreement (the “Reorganization Agreement”), dated as of the date hereof, by and among the Company, Pubco and
the other Persons listed on the signature pages thereto, the parties thereto have agreed to consummate the reorganization of the
Company as contemplated thereby and to take the other actions contemplated in such Reorganization Agreement (collectively, the
“Reorganization”).

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements herein made and other good and valuable consideration, the parties hereto hereby agree, to amend and restate
the Initial LLC Agreement in its entirety as set forth herein.

 

Article I

DEFINITIONS AND USAGE

 

Section 1.01       
Definitions.

 

(a)               
The following terms shall have the following meanings for the purposes of this Agreement:

 

“Additional Member” means
any Person admitted as a Member of the Company pursuant to Section 3.02 in connection with the new issuance of Units to such
Person.

 

“Adjusted Capital Account Deficit”
means, with respect to any Nonvoting Member, the deficit balance, if any, in such Nonvoting Member’s Capital Account as of
the end of the relevant Fiscal Year, after giving effect to the following adjustments:

 

    	 

    	 

    

(i)            Credit to such Capital Account any
amounts that such Nonvoting Member is deemed to be obligated to restore pursuant to the penultimate sentence in Treasury Regulations
Sections 1.704-2(g)(1) and 1.704-2(i)(5); and

 

(ii)            Debit to such Capital Account the
items described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) and 1.704-1(b)(2)(ii)(d)(6).

 

The foregoing definition of Adjusted Capital Account Deficit
is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted
consistently therewith.

 

“Affiliate” means, with
respect to any Person, any other Person directly or indirectly controlling, controlled by, or under common control with such Person;
provided that no Member nor any Affiliate of any Member shall be deemed to be an Affiliate of any other Member or any of
its Affiliates solely by virtue of such Members’ Units.

 

“Applicable Law” means,
with respect to any Person, any federal, state or local law (statutory, common or otherwise), constitution, treaty, convention,
ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement enacted, adopted, promulgated
or applied by a Governmental Authority or Regulatory Agency that is binding upon or applicable to such Person or its assets, as
amended unless expressly specified otherwise.

 

“Available Cash Flow” means,
for any period, the Company’s consolidated net income determined in accordance with GAAP, adjusted by the Managing Member
to exclude non-cash items, extraordinary or one-time items of gain or loss, any compensation expense related to Units or other
Equity Securities issued under any management equity plan of Pubco or the Company, and, to the extent not reflected in consolidated
net income determined in accordance with GAAP, less any Reserves established during such period (including the amount of any net
increase during such period to a Reserve established in a prior period) and plus the amount of any net decrease during such period
to a Reserve established by a prior period.

 

“Business” means the business
of engaging in the discovery and development of drug candidates, including (without limitation) orally administered small molecule
drug candidates, as well as the licensing, manufacture, commercialization, distribution and sale of any drugs developed, and engaging
in such activities as are, in the Managing Member’s determination, necessary, incidental or appropriate in connection therewith,
in each case, as conducted by the Company and its Subsidiaries.

 

“Business Day” means a
day, other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required
by Applicable Law to close.

 

“Capital Account” means
the capital account established and maintained for each Nonvoting Member pursuant to Section 5.02.

 

    	2

    	 

    

“Capital Contribution”
means, with respect to any Member, the amount of money and the initial Carrying Value of any Property (other than money) contributed
to the Company.

 

“Carrying Value” means
with respect to any Property (other than money), such Property’s adjusted basis for federal income tax purposes, except as
follows:

 

(i)            The initial Carrying Value of any
such Property contributed by a Member to the Company shall be the gross fair market value of such Property, as reasonably determined
by the Managing Member;

 

(ii)            The Carrying Values of all such
Properties shall be adjusted to equal their respective gross fair market values (taking Section 7701(g) of the Code into account),
as reasonably determined by the Managing Member, at the time of any Revaluation pursuant to Section 5.02(c);

 

(iii)            The Carrying Value of any item
of such Properties distributed to any Member shall be adjusted to equal the gross fair market value (taking Section 7701(g)
of the Code into account) of such Property on the date of distribution as reasonably determined by the Managing Member; and

 

(iv)            The Carrying Values of such Properties
shall be increased (or decreased) to reflect any adjustments to the adjusted basis of such Properties pursuant to Code Section 734(b)
or Code Section 743(b), but only to the extent that such adjustments are taken into account in determining Capital Accounts
pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m) and subparagraph (vi) of the definition of “Net
Income” and “Net Loss” or Section 5.04(b)(vi); provided, however, that Carrying Values shall
not be adjusted pursuant to this subparagraph (iv) to the extent that an adjustment pursuant to subparagraph (ii) is
required in connection with a transaction that would otherwise result in an adjustment pursuant to this subparagraph (iv). If the
Carrying Value of such Property has been determined or adjusted pursuant to subparagraph (i), (ii) or (iv), such Carrying
Value shall thereafter be adjusted by the Depreciation taken into account with respect to such asset, for purposes of computing
Net Income and Net Loss.

 

“Class A Common Stock”
means Class A common stock, $0.01 par value per share, of Pubco.

 

“Class B Common Stock”
means Class B common stock, $0.01 par value per share, of Pubco.

 

“Class M Common Units”
means the Class M Common Units of the Company, having the rights, privileges and preferences set forth herein.

 

“Class M Members” means
the Members holding Class M Common Units.

 

    	3

    	 

    

“Code” means the Internal
Revenue Code of 1986, as amended from time to time.

 

“Common Unit” means a Class
M Common Unit or Nonvoting Common Unit.

 

“Company Minimum Gain”
means “partnership minimum gain,” as defined in Treasury Regulation Sections 1.704-2(b)(2) and 1.704-2(d).

 

“Control” (including the
terms “controlling” and “controlled”), with respect to the relationship between or among
two or more Persons, means the possession, directly or indirectly, of the power to direct or cause the direction of the affairs
or management of such subject Person, whether through the ownership of voting securities, as trustee or executor, by contract or
otherwise.

 

“Covered Person” means
(i) each Equityholder or an Affiliate thereof, in each case in such capacity, (ii) each officer, director, shareholder,
member, partner, employee, representative, agent or trustee of a Member or an Affiliate thereof, in all cases in such capacity,
and (iii) each officer, director, shareholder (other than any public shareholder of Pubco that is not an Equityholder), member,
partner, employee, representative, agent or trustee of the Managing Member, Pubco (in the event Pubco is not the Managing Member),
the Company or an Affiliate controlled thereby, in all cases in such capacity.

 

“Delaware Act” means the
Delaware Limited Liability Company Act, 6 Del. C. §§ 18-101 et seq.

 

“Depreciation” means, for
each Fiscal Year, an amount equal to the depreciation, amortization, or other cost recovery deduction allowable with respect to
an asset for such Fiscal Year, except that if the Carrying Value of an asset differs from its adjusted basis for federal income
tax purposes at the beginning of such Fiscal Year, Depreciation shall be an amount that bears the same ratio to such beginning
Carrying Value as the federal income tax depreciation, amortization, or other cost recovery deduction for such Fiscal Year bears
to such beginning adjusted tax basis; provided, however, that if the adjusted basis for federal income tax purposes
of an asset at the beginning of such Fiscal Year is zero, Depreciation shall be determined with reference to such beginning Carrying
Value using any reasonable method selected by the Managing Member.

 

“DGCL” means the General
Corporation Law of the State of Delaware, as amended from time to time.

 

“Disposition Event” means
any merger, consolidation or other business combination of Pubco, whether effectuated through one transaction or a series of related
transactions (including a tender offer followed by a merger in which the holders of Class A Common Stock receive the same consideration
per share paid in the tender offer), unless, following such transaction, all or substantially all of the holders of the voting
power of all outstanding classes of common stock of Pubco and series of preferred stock of Pubco that are generally entitled to
vote in the election of directors of Pubco prior to such transaction or series of transactions, continue to hold a majority of
the voting power of the surviving entity (or its parent) resulting from such transaction or series of transactions in substantially
the same proportions as immediately prior to such transaction or series of transaction.

 

    	4

    	 

    

“Effective Time” shall
mean the effectiveness of the Reorganization as set forth in the Reorganization Agreement.

 

“EIP” means the vTv Therapeutics
Inc. 2015 Omnibus Equity Incentive Plan, as the same may be amended from time to time.

 

“Equity Securities” means,
with respect to any Person, any (i) membership interests or shares of capital stock, (ii) equity, ownership, voting,
profit or participation interests or (iii) similar rights or securities in such Person or any of its Subsidiaries, or any
rights or securities convertible into or exchangeable for, options or other rights to acquire from such Person or any of its Subsidiaries,
or obligation on the part of such Person or any of its Subsidiaries to issue, any of the foregoing.

 

“Exchange Act” means the
Securities Exchange Act of 1934, as amended, and any successor statute thereto, and the rules and regulations of the SEC promulgated
thereunder.

 

“Exchange Agreement” means
the Exchange Agreement, dated as of the date hereof, by and among Pubco, the Company, Holdings and any other Person that becomes
a “Holder” thereunder.

 

“Fiscal Year” means the
Company’s fiscal year, which shall initially be the calendar year and which may be changed from time to time as determined
by the Managing Member.

 

“Governmental Authority”
means any transnational, domestic or foreign federal, state or local governmental, regulatory or administrative authority, department,
court, agency or official, including any political subdivision thereof.

 

“Indebtedness” means (a) all
indebtedness for borrowed money (including capitalized lease obligations, sale-leaseback transactions or other similar transactions,
however evidenced), (b) any other indebtedness that is evidenced by a note, bond, debenture, draft or similar instrument,
(c) notes payable and (d) lines of credit and any other agreements relating to the borrowing of money or extension of
credit.

 

“Investor Rights Agreement”
means the Investor Rights Agreement, dated as of the date hereof, by and between Pubco and Holdings.

 

“IPO” means the initial
underwritten public offering of Pubco.

 

“Liens” means any pledge,
encumbrance, security interest, purchase option, conditional sale agreement, call or similar right.

 

    	5

    	 

    

“Managing Member” means
(i) Pubco so long as Pubco has not withdrawn as the Managing Member pursuant to Section 7.02 and (ii) any successor
thereof appointed as Managing Member in accordance with Section 7.02. The Managing Member shall hold all outstanding Class
M Common Units.

 

“Member” means any Person
named as a Member of the Company on the Member Schedule, as the same may be amended from time to time to reflect any Person admitted
as an Additional Member or a Substitute Member, for so long as such Person continues to be a Member of the Company.

 

“Member Nonrecourse Debt”
has the same meaning as the term “partner nonrecourse debt” in Treasury Regulations Section 1.704-2(b)(4).

 

“Member Nonrecourse Debt Minimum
Gain” means an amount with respect to each “partner nonrecourse debt” (as defined in Treasury Regulation
Section 1.704-2(b)(4)) equal to the Company Minimum Gain that would result if such partner nonrecourse debt were treated
as a nonrecourse liability (as defined in Treasury Regulation Section 1.752-1(a)(2)) determined in accordance with Treasury
Regulation Section 1.704-2(i)(3).

 

“Member Nonrecourse Deductions”
has the same meaning as the term “partner nonrecourse deductions” in Treasury Regulations Sections 1.704-2(i)(1)
and 1.704-2(i)(2).

 

“Net Income” and “Net
Loss” mean, for each Fiscal Year or other period, an amount equal to the Company’s taxable income or loss for such
Fiscal Year or period, determined in accordance with Section 703(a) of the Code (for this purpose, all items of income, gain,
loss, or deduction required to be stated separately pursuant to Section 703(a)(1) of the Code shall be included in taxable
income or loss), with the following adjustments (without duplication):

 

(i)            Any income of the Company that is
exempt from federal income tax and not otherwise taken into account in computing Net Income or Net Loss pursuant to this definition
of “Net Income” and “Net Loss” shall be added to such taxable income or loss;

 

(ii)            Any expenditures of the Company
described in Section 705(a)(2)(B) of the Code or treated as Section 705(a)(2)(B) of the Code expenditures pursuant to
Treasury Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account in computing Net Income and Net
Loss pursuant to this definition of “Net Income” and “Net Loss,” shall be treated as deductible items;

 

(iii)            In the event the Carrying Value
of any Company asset is adjusted pursuant to subparagraphs (ii) or (iii) of the definition of “Carrying Value,”
the amount of such adjustment shall be treated as an item of gain (if the adjustment increases the Carrying Value of the asset)
or an item of loss (if the adjustment decreases the Carrying Value of the asset) from the disposition of such asset and shall be
taken into account, immediately prior to the event giving rise to such adjustment, for purposes of computing Net Income and/or
Net Loss;

    	6

    	 

    

 

(iv)            Gain or loss resulting from any
disposition of Property with respect to which gain or loss is recognized for federal income tax purposes shall be computed by reference
to the Carrying Value of the Property disposed of, notwithstanding that the adjusted tax basis of such Property differs from its
Carrying Value;

 

(v)            In lieu of the depreciation, amortization,
and other cost recovery deductions taken into account in computing such taxable income or loss, there shall be taken into account
Depreciation for such Fiscal Year, computed in accordance with the definition of Depreciation;

 

(vi)            To the extent an adjustment to the
adjusted tax basis of any Company asset pursuant to Section 734(b) of the Code is required, pursuant to Treasury Regulations
Section 1.704-(b)(2)(iv)(m)(4), to be taken into account in determining Capital Accounts as a result of a distribution
other than in liquidation of a Member’s interest in the Company, the amount of such adjustment shall be treated as an item
of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) from the disposition
of such asset and shall be taken into account for purposes of computing Net Income or Net Loss; and

 

(vii)            Notwithstanding any other provision
of this definition, any items that are specially allocated pursuant to Section 5.04(b), Section 5.04(c) and Section 5.04(d)
shall not be taken into account in computing Net Income and Net Loss.

 

The amounts of the items of Company income,
gain, loss, or deduction available to be specially allocated pursuant to Section 5.04(b), Section 5.04(c) and Section 5.04(d)
shall be determined by applying rules analogous to those set forth in subparagraphs (i) through (vi) above.

 

“Non-Pubco Member” means
any Member that is not a Pubco Member.

 

“Nonrecourse Deductions”
has the meaning set forth in Treasury Regulations Sections 1.704-2(b)(1) and 1.704-2(c).

 

“Nonvoting Common Units”
means the Nonvoting Common Units of the Company, having the rights, privileges and preferences set forth herein.

 

“Nonvoting Members” means
the Members holding Nonvoting Common Units.

 

“Nonvoting Percentage Interest”
means, with respect to any Nonvoting Member, a fractional amount, expressed as a percentage: (i) the numerator of which is the
aggregate number of Nonvoting Common Units owned of record thereby and (ii) the denominator of which is the aggregate number of
Nonvoting Common Units issued and outstanding. The sum of the outstanding Nonvoting Percentage Interests of all Nonvoting Members
shall at all times equal 100%.

 

    	7

    	 

    

“Paired Interest” has the
meaning set forth in the Exchange Agreement.

 

“Percentage Interest” means,
with respect to any Member, a fractional amount, expressed as a percentage: (i) the numerator of which is the aggregate number
of Common Units owned of record thereby and (ii) the denominator of which is the aggregate number of Common Units issued and
outstanding. The sum of the outstanding Percentage Interests of all Members shall at all times equal 100%.“Person”
means any individual, firm, corporation, partnership, limited liability company, trust, estate, joint venture, governmental authority
or other entity.

 

“Prime Rate” means the
rate of interest from time to time identified by JP Morgan Chase, N.A. as being its “prime” or “reference”
rate.

 

“Property” means an interest
of any kind in any real, personal or intellectual (or mixed) property, including cash, and any improvements thereto, and shall
include both tangible and intangible property.

 

“Pubco Common Stock” means
all classes and series of common stock of Pubco, including the Class A Common Stock and Class B Common Stock.

 

“Pubco Member” means (i) Pubco
and (ii) any Subsidiary of Pubco (other than the Company and its Subsidiaries) that that is a Member.

 

“Regulatory Agency” means
the SEC, FINRA, the Financial Services Authority, any non-U.S. regulatory agency and any other regulatory authority or body (including
any state or provincial securities authority and any self-regulatory organization) with jurisdiction over the Company or any of
its Subsidiaries.

 

“Relative Percentage Interest”
means, with respect to any Member relative to another Member or Members, a fractional amount, expressed as a percentage, the numerator
of which is the Percentage Interest of such Member; and the denominator of which is (x) the Percentage Interest of such Member
plus (y) the aggregate Percentage Interest of such other Member or Members.

 

“Reorganization Date Capital Account
Balance” means, with respect to any Nonvoting Member, the positive Capital Account balance of such Member as of immediately
following the Reorganization, the amount or deemed value of which is set forth on the Member Schedule.

 

“Reorganization Documents”
means the Reorganization Agreement, this Agreement, the Tax Receivable Agreement, the Exchange Agreement, the Investor Rights Agreement,
and the EIP.

 

“Reserves” means, as of
any date of determination, amounts allocated by the Managing Member, in its reasonable judgment, to reserves maintained for working
capital of the Company, for contingencies of the Company, for operating expenses and debt reduction of the Company.

 

    	8

    	 

    

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

 

“Subsidiary” means, with
respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity
of which more than 50% of the total voting power of Equity Securities or other ownership interests entitled (without regard to
the occurrence of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other
Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof
is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person
or a combination thereof.

 

“Substitute Member” means
any Person admitted as a Member of the Company pursuant to Section 3.02 in connection with the Transfer of then-existing Units
to such Person.

 

“Tax Distribution” means
a distribution made by the Company pursuant to Section 5.03(e)(i) or Section 5.03(e)(iii) or a distribution made by the
Company pursuant to another provision of Section 5.03 but designated as a Tax Distribution pursuant to Section 5.03(e)(ii).

 

“Tax Distribution Amount”
means, with respect to a Nonvoting Member’s Units, whichever of the following applies with respect to the applicable Tax
Distribution, in each case in amount not less than zero:

 

(i)            With respect to a Tax Distribution
pursuant to Section 5.03(e)(i), the excess, if any, of (A) such Member’s required annualized income installment
for such estimated payment date under Section 6655(e) of the Code, assuming that (w) such Member is a corporation (which assumption,
for the avoidance of doubt, shall not affect the determination of the Tax Rate), (x) Section 6655(e)(2)(C)(ii) is
in effect, (y) such Member’s only income is from the Company, and (z) the Tax Rate applies, which amount shall
be calculated based on the projections believed by the Managing Member in good faith to be, reasonable projections of the net taxable
income to be allocated to such Units pursuant to this Agreement and without regard to any adjustments pursuant to Section 704(c)
or Section 743(b) of the Code over (B) the aggregate amount of Tax Distributions designated by the Company pursuant to
Section 5.03(e)(ii) with respect to such Units since the date of the previous Tax Distribution pursuant to Section 5.03(e)(i) (or
if no such Tax Distribution was required to be made, the date such Tax Distribution would have been made pursuant to Section 5.03(e)(i)).

 

    	9

    	 

    

(ii)            With respect to the designation
of an amount as a Tax Distribution pursuant to Section 5.03(e)(ii), the product of (x) the net taxable income, determined
without regard to any adjustments pursuant to Section 704(c) or Section 743(b) of the Code projected, in the good faith
belief of the Managing Member, to be allocated to such Units pursuant to this Agreement during the period since the date of the
previous Tax Distribution (or, if more recent, the date that the previous Tax Distribution pursuant to Section 5.03(e)(i) would
have been made or, in the case of the first distribution pursuant to Section 5.03(b), the date of this Agreement), and (y) the
Tax Rate.

 

(iii)            With respect to an entire Fiscal
Year to be calculated for purposes of Section 5.03(e)(iii), the excess, if any, of (A) the product of (x) the net
taxable income, determined without regard to any adjustments pursuant to Section 704(c) or Section 743(b) of the Code,
allocated to such Units pursuant to this Agreement for the relevant Fiscal Year, and (y) the Tax Rate, over (B) the aggregate
amount of Tax Distributions (other than Tax Distributions under Section 5.03(e)(iii) with respect to a prior Fiscal Year)
with respect to such Units made with respect to such Fiscal Year.

 

For purposes of this Agreement, in determining
the Tax Distribution Amount of a Nonvoting Member, the taxable income allocated to such Member’s Units shall be offset by
any taxable losses (determined without regard to any adjustments pursuant to Section 704(c) or Section 743(b) of the
Code) previously allocated to such Units to the extent such losses were not allocated in the same proportion as the Member’s
Nonvoting Percentage Interests and have not previously offset taxable income in the determination of the Tax Distribution Amount.

 

“Tax Rate” means the highest
marginal tax rates for an individual or corporation that is resident in New York City applicable to ordinary income, qualified
dividend income or capital gains, as appropriate, taking into account the holding period of the assets disposed of and the year
in which the taxable net income is recognized by the Company, and taking into account the deductibility of state and local income
taxes as applicable at the time for federal income tax purposes and any limitations thereon including pursuant to Section 68
of the Code, which Tax Rate shall be the same for all Members and shall not be less than 45%.

 

“Tax Receivable Agreement”
means the Tax Receivable Agreement, dated as of the date hereof, by and among Pubco and each of the parties identified as Members
therein.

 

“Transfer” means any sale,
assignment, transfer, exchange, gift, bequest, pledge, hypothecation or other disposition or encumbrance, direct or indirect, in
whole or in part, by operation of law or otherwise, and shall include all matters deemed to constitute a Transfer under Article VIII.
The terms “Transferred”, “Transferring”, “Transferor”, “Transferee”
and “Transferable” have meanings correlative to the foregoing.

 

“Treasury Regulations”
mean the regulations promulgated under the Code, as amended from time to time.

 

    	10

    	 

    

“Units” means Common Units
or any other class of limited liability interests in the Company designated by the Company after the date hereof in accordance
with this Agreement; provided that any type, class or series of Units shall have the designations, preferences and/or special
rights set forth or referenced in this Agreement, and the membership interests of the Company represented by such type, class or
series of Units shall be determined in accordance with such designations, preferences and/or special rights.

 

(b)              
Each of the following terms is defined in the Section set forth opposite such term:

 

	Term	Section
	Agreement	Preamble
	Company	Preamble
	Confidential Information	12.11(b)
	Controlled Entities	10.02(e)
	Dissolution Event	11.01(c)
	Economic Pubco Security	4.01(a)
	e-mail	12.03
	Equityholder Parties	12.11(a)
	Equityholders	12.11(a)
	Expenses	10.02(e)
	GAAP	3.03(b)
	Indemnification Sources	10.02(e)
	Indemnitee-Related Entities	10.02(e)(i)
	Initial LLC Agreement	Recitals
	Jointly Indemnifiable Claims	10.02(e)(ii)
	Member Schedule	3.01(a)
	Officers	7.05(a)
	Process Agent	12.05(b)
	Pubco	Preamble
	Regulatory Allocations	5.04(c)
	Reorganization	Recitals
	Reorganization Agreement	Recitals
	Revaluation	5.02(c)
	Tax Matters Partner	6.01
	Transferor Member	5.02(b)
	Withholding Advances	5.06(b)

 

Section 1.02       
Other Definitional and Interpretative Provisions. The words “hereof”, “herein” and
“hereunder” and words of like import used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. The captions herein are included for convenience of reference only and shall be ignored
in the construction or interpretation hereof. References to Articles, Sections and Schedules are to Articles, Sections and
Schedules of this Agreement unless otherwise specified. All Schedules annexed hereto or referred to herein are hereby
incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Schedule but
not otherwise defined therein, shall have the meaning as defined in this Agreement. Any singular term in this Agreement shall be
deemed to include the plural, and any plural term the singular. Whenever the words “include”, “includes”
or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation”,
whether or not they are in fact followed by those words or words of like import. “Writing”, “written” and
comparable terms refer to printing, typing and other means of reproducing words (including electronic media) in a visible form.
References to any statute shall be deemed to refer to such statute as amended from time to time and to any rules or regulations
promulgated thereunder. References to any agreement or contract are to that agreement or contract as amended, modified or supplemented
from time to time in accordance with the terms hereof and thereof. References to any Person include the successors and permitted
assigns of that Person. References from or through any date mean, unless otherwise specified, from and including or through and
including, respectively. References to “law”, “laws” or to a particular statute or law shall be deemed
also to include any Applicable Law. As used in this Agreement, all references to “majority in interest” and phrases
of similar import shall be deemed to refer to such percentage or fraction of interest based on the Relative Percentage Interests
of the Members subject to such determination. Unless otherwise expressly provided herein, when any approval, consent or other matter
requires any action or approval of any group of Members, including any holders of any class of Units, such approval, consent or
other matter shall require the approval of a majority in interest of such group of Members. Except to the extent otherwise expressly
provided herein, all references to any Member shall be deemed to refer solely to such Person in its capacity as such Member and
not in any other capacity.

 

    	11

    	 

    

Article II

THE COMPANY

 

Section 2.01       
Formation. The Company was formed upon the filing of the certificate of formation of the Company with the
Secretary of State of the State of Delaware on April 15, 2015. The authorized officer or representative, as an “authorized
person” within the meaning of the Delaware Act, shall file and record any amendments and/or restatements to the certificate
of formation of the Company and such other certificates and documents (and any amendments or restatements thereof) as may be required
under the laws of the State of Delaware and of any other jurisdiction in which the Company may conduct business. The authorized
officer or representative shall, on request, provide any Member with copies of each such document as filed and recorded. The Members
hereby agree that the Company and its Subsidiaries shall be governed by the terms and conditions of this Agreement and, except
as provided herein, the Delaware Act.

 

Section 2.02       
Name. The name of the Company shall be vTv Therapeutics LLC; provided that the Managing Member may
change the name of the Company to such other name as the Managing Member shall determine in its sole discretion, and shall have
the authority to execute, acknowledge, deliver, file and record such further certificates, amendments, instruments and documents,
and to do all such other acts and things, as may be required by Applicable Law or as, in the reasonable judgment of the Managing
Member, may be necessary or advisable to effect such change.

 

    	12

    	 

    

Section 2.03       
Term. The Company shall have perpetual existence unless sooner dissolved and its affairs wound up as provided
in Article XI.

 

Section 2.04       
Registered Agent and Registered Office. The name of the registered agent of the Company for service of process
on the Company in the State of Delaware shall be Corporation Service Company, and the address of such registered agent and the
address of the registered office of the Company in the State of Delaware shall be 2711 Centerville Road, Suite 400, Wilmington,
New Castle County, Delaware 19808. Such office and such agent may be changed to such place within the State of Delaware and any
successor registered agent, respectively, as may be determined from time to time by the Managing Member in accordance with the
Delaware Act.

 

Section 2.05       
Purposes. The Company has been formed for the object and purpose of, and the nature of the business to be
conducted and promoted by the Company is to engage in the Business and to carry on any other lawful act or activities for which
limited liability companies may be organized under the Delaware Act.

 

Section 2.06       
Powers of the Company. The Company shall have the power and authority to take any and all actions necessary,
appropriate or advisable to or for the furtherance of the purposes set forth in Section 2.05.

 

Section 2.07       
Partnership Tax Status. The Members intend that the Company shall be treated as a partnership for federal,
state and local income tax purposes to the extent such treatment is available, and agree to take (or refrain from taking) such
actions as may be necessary to receive and maintain such treatment and refrain from taking any actions inconsistent thereof.

 

Section 2.08       
Regulation of Internal Affairs. The internal affairs of the Company and the conduct of its business shall
be regulated by this Agreement, and to the extent not provided for herein, shall be determined by the Managing Member.

 

Section 2.09       
Ownership of Property. Legal title to all Property, conveyed to, or held by the Company or its Subsidiaries
shall reside in the Company or its Subsidiaries and shall be conveyed only in the name of the Company or its Subsidiaries and no
Member or any other Person, individually, shall have any ownership of such Property.

 

Section 2.10       
Subsidiaries. The Company shall cause the business and affairs of each of the Subsidiaries to be managed by
the Managing Member in accordance with and in a manner consistent with this Agreement.

 

    	13

    	 

    

Article III

UNITS; MEMBERS; BOOKS AND RECORDS; REPORTS

 

Section 3.01       
Units; Admission of Members.

 

(a)               
Effective upon the Reorganization, pursuant to the Reorganization Agreement, (i) the Company hereby establishes a
new class of Common Units consisting of one Class M Common Unit having the terms set forth herein, and issues such Class M Common
Unit to Pubco (as Managing Member) as set forth on Schedule A (the “Member Schedule”) and (ii) the
Company hereby establishes a new class of Nonvoting Common Units having the terms set forth herein. All Membership Interests (as
defined in the Initial LLC Agreement) outstanding as of immediately prior to the Effective Time, all of which are held by Holdings,
shall be reclassified into the number of Nonvoting Common Units, in the aggregate, set forth opposite Holdings’ name on the
Member Schedule. The Member Schedule shall be maintained by the Managing Member on behalf of the Company in accordance with
this Agreement and the Managing Member shall promptly deliver a copy of the Member Schedule to any Member that so requests.
When any Units or other Equity Securities of the Company are issued, repurchased, redeemed, converted or Transferred in accordance
with this Agreement, the Member Schedule shall be amended by the Managing Member to reflect such issuance, repurchase, redemption
or Transfer, the admission of additional or substitute Members and the resulting Percentage Interest of each Member. Following
the date hereof, no Person shall be admitted as a Member and no additional Units shall be issued except as expressly provided herein.

 

(b)              
The Managing Member may cause the Company to authorize and issue from time to time such other Units or other Equity
Securities of any type, class or series and having the designations, preferences and/or special rights as may be determined the
Managing Member. Such Units or other Equity Securities may be issued pursuant to such agreements as the Managing Member shall approve.
When any such other Units or other Equity Securities are authorized and issued, the Member Schedule and this Agreement shall
be amended by the Managing Member to reflect such additional issuances and resulting dilution, which shall be borne pro rata by
all Members based on their Common Units.

 

Section 3.02       
Substitute Members and Additional Members.

 

(a)               
No Transferee of any Units or Person to whom any Units are issued pursuant to this Agreement shall be admitted as
a Member hereunder or acquire any rights hereunder, including any class voting rights or the right to receive distributions and
allocations in respect of the Transferred or issued Units, as applicable, unless (i) such Units are Transferred or issued
in compliance with the provisions of this Agreement (including Article VIII) and (ii) such Transferee or recipient shall
have executed and delivered to the Company such instruments as the Managing Member deems necessary or desirable, in its reasonable
discretion, to effectuate the admission of such Transferee or recipient as a Member and to confirm the agreement of such Transferee
or recipient to be bound by all the terms and provisions of this Agreement. Upon complying with the immediately preceding sentence,
without the need for any further action of any Person, a Transferee or recipient shall be deemed admitted to the Company as a Member.
A Substitute Member shall enjoy the same rights, and be subject to the same obligations, as the Transferor; provided that
such Transferor shall not be relieved of any obligation or liability hereunder arising prior to the consummation of such Transfer
but shall be relieved of all future obligations with respect to the Units so Transferred. As promptly as practicable after the
admission of any Person as a Member, the books and records of the Company shall be changed to reflect such admission of a Substitute
Member or Additional Member. In the event of any admission of a Substitute Member or Additional Member pursuant to this Section 3.02(a),
this Agreement shall be deemed amended to reflect such admission, and any formal amendment of this Agreement (including the Member
Schedule) in connection therewith shall only require execution by the Company and such Substitute Member or Additional Member,
as applicable, to be effective.

 

    	14

    	 

    

(b)              
If a Member shall Transfer all (but not less than all) its Units, the Member shall thereupon cease to be a Member
of the Company.

 

Section 3.03       
Tax and Accounting Information.

 

(a)               
Accounting Decisions and Reliance on Others. All decisions as to accounting matters, except as otherwise specifically
set forth herein, shall be made by the Managing Member in accordance with Applicable Law and with accounting methods followed for
federal income tax purposes. In making such decisions, the Managing Member may rely upon the advice of the independent accountants
of the Company.

 

(b)              
Records and Accounting Maintained. The books and records of the Company shall be kept, and the financial position
and the results of its operations recorded, in all material respects in accordance with United States generally accepted accounting
principles as in effect from time to time (“GAAP”). The Fiscal Year of the Company shall be used for financial
reporting and for federal income tax purposes.

 

(c)               
Financial Reports. The books and records of the Company shall be audited as of the end of each Fiscal Year
by the same accounting firm that audits the books and records of Pubco (or, if such firm declines to perform such audit, by an
accounting firm selected by the Managing Member).

 

(d)              
Tax Returns.

 

(i)                
The Company shall timely cause to be prepared by an accounting firm selected by the Managing Member all federal,
state, local and foreign tax returns (including information returns) of the Company and its Subsidiaries, which may be required
by a jurisdiction in which the Company and its Subsidiaries operate or conduct business for each year or period for which such
returns are required to be filed and shall cause such returns to be timely filed. Upon request of any Nonvoting Member, the Company
shall furnish to such Nonvoting Member a copy of each such tax return;

 

    	15

    	 

    

(ii)              
The Company shall furnish to each Member (a) as soon as reasonably practical after the end of each Fiscal Year,
all information concerning the Company and its Subsidiaries required for the preparation of tax returns of such Members (or any
beneficial owner(s) of such Member), including a report (including Schedule K-1), indicating each Member’s share of
the Company’s taxable income, gain, credits, losses and deductions for such year, in sufficient detail to enable such Member
to prepare its federal, state and other tax returns and (b) as soon as reasonably possible after a request by such Member,
such other information concerning the Company and its Subsidiaries that is reasonably requested by such Member for compliance with
its tax obligations (or the tax obligations of any beneficial owner(s) of such Member) or for tax planning purposes; and

 

(iii)            
So long as it holds at least a 5% Nonvoting Percentage Interest, Holdings shall be entitled to review and comment
on any tax returns or reports to be prepared pursuant to this Section 3.03(d) at least 60 days prior to the due date for the
applicable tax return or report (including extensions). Holdings shall notify the Company no later than 30 days after receipt of
a tax return or report of any changes recommended thereby to such return or report. The Company shall consider in good faith all
reasonable comments of Holdings to such tax returns or reports. If the Company does not accept any such comment, the Company shall
notify Holdings, as applicable, of that fact. If within five (5) days of such notification, Holdings requests in writing a review
of a rejected comment, the Company shall cause its regular tax advisors to review the comment and consult with Holdings. The determination
of the tax advisors following such review and consultation shall definitively determine the position taken on the Company’s
tax return or report.

 

(e)               
Inconsistent Positions. No Member shall take a position on its income tax return with respect to any item
of Company income, gain, deduction, loss or credit that is different from the position taken on the Company’s income tax
return with respect to such item unless such Member notifies the Company of the different position the Member desires to take and
the Company’s regular tax advisors, after consulting with the Member, are unable to provide an opinion that (after taking
into account all of the relevant facts and circumstances) the arguments in favor of the Company’s position outweigh the arguments
in favor of the Member’s position.

 

Section 3.04       
Books and Records. The Company shall keep full and accurate books of account and other records of the Company
at its principal place of business. No Equityholder (other than the Managing Member and, so long as it holds an interest in the
Company, Holdings) shall have any right to inspect the books and records of the Company or any of its Subsidiaries.

 

    	16

    	 

    

Article IV

PUBCO OWNERSHIP; RESTRICTIONS ON PUBCO STOCK

 

Section 4.01       
Pubco Ownership.

 

(a)               
If at any time Pubco issues a share of Class A Common Stock or any other Equity Security of Pubco entitled to any
economic rights (including, without limitation, in the IPO or pursuant to equity compensation plans or outstanding options, rights,
warrants or other awards thereunder) (an “Economic Pubco Security”) with regard thereto (not including, for
the avoidance of doubt, the Class B Common Stock or other Equity Security of Pubco not entitled to any economic rights with respect
thereto), (i) the Company shall issue to Pubco one Nonvoting Common Unit (if Pubco issues a share of Class A Common Stock)
or such other Equity Security of the Company (if Pubco issues an Economic Pubco Security other than Class A Common Stock) corresponding
to the Economic Pubco Security, and with substantially the same rights to dividends and distributions (including distributions
upon liquidation) and other economic rights as those of such Economic Pubco Security and (ii) the net proceeds received by
Pubco with respect to the corresponding Economic Pubco Security, if any, shall be concurrently contributed to the Company; provided,
however, that if Pubco issues any Economic Pubco Securities, some or all of the net proceeds of which are to be used to
fund expenses or other obligations of Pubco for which Pubco would be permitted a distribution pursuant to Section 5.03(c),
then Pubco shall not be required to transfer such net proceeds to the Company which are used or will be used to fund such expenses
or obligations, and provided, further, that if Pubco issues any shares of Class A Common Stock in order to purchase
or fund the purchase from a Non-Pubco Member of a number of Nonvoting Common Units (and shares of Class B Common Stock) or to purchase
or fund the purchase of shares of Class A Common Stock, in each case equal to the number of shares of Class A Common Stock issued
(including, in each case, by way of exchange), then the Company shall not issue any new Common Units in connection therewith and
Pubco shall not be required to transfer such net proceeds to the Company (it being understood that such net proceeds shall instead
be transferred to such Non-Pubco Member as consideration for such purchase).

 

(b)              
Notwithstanding Section 4.01(a), this Article IV shall not apply (i) to the issuance and distribution
to holders of shares of Pubco Common Stock of rights to purchase Equity Securities of Pubco under a “poison pill” or
similar shareholders rights plan (it being understood that upon exchange of Paired Interests for Class A Common Stock pursuant
to the Exchange Agreement, such Class A Common Stock will be issued together with a corresponding right) or (ii) to the issuance
under the EIP or Pubco’s other employee benefit plans of any warrants, options or other rights to acquire Equity Securities
of Pubco or rights or property that may be converted into or settled in Equity Securities of Pubco, but shall in each of the foregoing
cases apply to the issuance of Equity Securities of Pubco in connection with the exercise or settlement of such rights, warrants,
options or other rights or property.

 

    	17

    	 

    

Section 4.02       
Restrictions on Pubco Common Stock.

 

(a)               
Except as otherwise determined by the Managing Member in accordance with Section 4.02(d), (i) the Company
may not issue any additional Nonvoting Common Units to Pubco or any of its Subsidiaries unless substantially simultaneously therewith
Pubco or such Subsidiary issues or sells an equal number of shares of Class A Common Stock to another Person and (ii) the
Company may not issue any other Equity Securities of the Company to Pubco or any of its Subsidiaries unless substantially simultaneously,
Pubco or such Subsidiary issues or sells, to another Person, an equal number of shares of a new class or series of Equity Securities
of Pubco or such Subsidiary with substantially the same rights to dividends and distributions (including distributions upon liquidation)
and other economic rights as those of such Equity Securities of the Company.

 

(b)              
Except as otherwise determined by the Managing Member in accordance with Section 4.02(d), (i) Pubco or
any of its Subsidiaries may not redeem, repurchase or otherwise acquire any shares of Class A Common Stock unless substantially
simultaneously the Company redeems, repurchases or otherwise acquires from Pubco an equal number of Nonvoting Common Units for
the same price per security (or, if Pubco uses funds received from distributions from the Company or other funds available to Pubco
that were not provided by the Company or the net proceeds from an issuance of Class A Common Stock to fund such redemption, repurchase
or acquisition, then the Company shall cancel an equal number of Nonvoting Common Units for no consideration) and (ii) Pubco
or any of its Subsidiaries may not redeem or repurchase any other Equity Securities of Pubco unless substantially simultaneously,
the Company redeems or repurchases from Pubco an equal number of Equity Securities of the Company of a corresponding class or series
with substantially the same rights to dividends and distributions (including distributions upon liquidation) or other economic
rights as those of such Equity Securities of Pubco for the same price per security (or, if Pubco uses funds received from distributions
from the Company or the net proceeds from an issuance of Equity Securities other than Class A Common Stock to fund such redemption,
repurchase or acquisition, then the Company shall cancel an equal number of its corresponding Equity Securities for no consideration).
Except as otherwise determined by the Managing Member in accordance with Section 4.02(d): (x) the Company may not redeem,
repurchase or otherwise acquire Nonvoting Common Units from Pubco or any of its Subsidiaries unless substantially simultaneously
Pubco or such Subsidiary redeems, repurchases or otherwise acquires an equal number of Class A Common Stock for the same price
per security from holders thereof (except that if the Company cancels Nonvoting Common Units for no consideration as described
in Section 4.02(b)(i), then the price per security need not be the same) and (y) the Company may not redeem, repurchase
or otherwise acquire any other Equity Securities of the Company from Pubco or any of its Subsidiaries unless substantially simultaneously
Pubco or such Subsidiary redeems, repurchases or otherwise acquires for the same price per security an equal number of Equity Securities
of Pubco of a corresponding class or series with substantially the same rights to dividends and distributions (including dividends
and distributions upon liquidation) and other economic rights as those of such Equity Securities of Pubco (except that if the Company
cancels Equity Securities for no consideration as described in Section 4.02(b)(ii), then the price per security need not be
the same). Notwithstanding the immediately preceding sentence, to the extent that any consideration payable to Pubco in connection
with the redemption or repurchase of any shares or other Equity Securities of Pubco or any of its Subsidiaries consists (in whole
or in part) of shares or such other Equity Securities (including, for the avoidance of doubt, in connection with the cashless exercise
of an option or warrant), then redemption or repurchase of the corresponding Nonvoting Common Units or other Equity Securities
of the Company shall be effectuated in an equivalent manner (except if the Company cancels Nonvoting Common Units or other Equity
Securities for no consideration as described in this Section 4.02(b)).

 

    	18

    	 

    

(c)               
The Company shall not in any manner effect any subdivision (by any stock or unit split, stock or unit dividend or
distribution, reclassification, reorganization, recapitalization or otherwise) or combination (by reverse stock or unit split,
reclassification, reorganization, recapitalization or otherwise) of the outstanding Nonvoting Common Units unless accompanied by
a substantively identical subdivision or combination, as applicable, of the outstanding Class A Common Stock, with corresponding
changes made with respect to any other exchangeable or convertible securities. Pubco shall not in any manner effect any subdivision
(by any stock or unit split, stock or unit dividend or distribution, reclassification, reorganization, recapitalization or otherwise)
or combination (by reverse stock or unit split, reclassification, reorganization, recapitalization or otherwise) of the outstanding
Class A Common Stock unless accompanied by a substantively identical subdivision or combination of the outstanding Nonvoting Common
Units, with corresponding changes made with respect to any other exchangeable or convertible securities.

 

(d)              
Notwithstanding anything to the contrary in this Article IV:

 

(i)                
if at any time the Managing Member shall determine that any debt instrument of Pubco, the Company or its Subsidiaries
shall not permit Pubco or the Company to comply with the provisions of Section 4.02(a) or Section 4.02(b) in connection
with the issuance, redemption or repurchase of any shares of Class A Common Stock or Class B Common Stock or other Equity Securities
of Pubco or any of its Subsidiaries or any Units or other Equity Securities of the Company, then the Managing Member may in good
faith implement an economically equivalent alternative arrangement without complying with such provisions; provided that
such arrangement shall also be subject to the prior written consent (not to be unreasonably withheld) of Holdings, so long as it
holds at least a 10% Nonvoting Percentage Interest; and

 

(ii)              
if (x) Pubco incurs any indebtedness and desires to transfer the proceeds of such indebtedness to the Company
and (y) Pubco is unable to lend the proceeds of such indebtedness to the Company on an equivalent basis because of restrictions
in any debt instrument of Pubco, the Company or its Subsidiaries, then notwithstanding Section 4.02(a) or Section 4.02(b),
the Managing Member may in good faith implement an economically equivalent alternative arrangement in connection with the transfer
of proceeds to the Company using non-participating preferred Equity Securities of the Company without complying with such provisions;
provided that such arrangement shall also be subject to the prior written consent (not to be unreasonably withheld) of Holdings,
so long as it holds at least a 10% Nonvoting Percentage Interest.

 

    	19

    	 

    

Article V

CAPITAL CONTRIBUTIONS; CAPITAL ACCOUNTS;

DISTRIBUTIONS; ALLOCATIONS

 

Section 5.01       
Capital Contributions.

 

(a)               
From and after the date hereof, no Member shall have any obligation to the Company, to any other Member or to any
creditor of the Company to make any further Capital Contribution, except as expressly provided in Section 4.01(a).

 

(b)              
Except as expressly provided herein, no Member, in its capacity as a Member, shall have the right to receive any
cash or any other property of the Company.

 

Section 5.02       
Capital Accounts.

 

(a)               
Maintenance of Capital Accounts. The Company shall maintain a Capital Account for each Nonvoting Member on
the books of the Company in accordance with the provisions of Treasury Regulations Section 1.704-1(b)(2)(iv) and, to
the extent consistent with such provisions, the following provisions:

 

(i)                
Each Nonvoting Member listed on the Member Schedule shall be credited with the Reorganization Date Capital Account
Balance set forth on the Member Schedule. The Member Schedule shall be amended by the Managing Member after the closing of
the IPO and from time to time to reflect adjustments to the Nonvoting Members’ Capital Accounts made in accordance with Sections 5.02(a)(ii),
5.02(a)(iii), 5.02(a)(iv), 5.02(c) or otherwise.

 

(ii)              
To each Nonvoting Member’s Capital Account there shall be credited: (A) such Nonvoting Member’s
Capital Contributions, (B) such Member’s distributive share of Net Income and any item in the nature of income or gain
that is allocated pursuant to Section 5.04 and (C) the amount of any Company liabilities assumed by such Member or that
are secured by any Property distributed to such Member.

 

(iii)            
To each Nonvoting Member’s Capital Account there shall be debited: (A) the amount of money and the Carrying
Value of any Property distributed to such Member pursuant to any provision of this Agreement, (B) such Member’s distributive
share of Net Loss and any items in the nature of expenses or losses that are allocated to such Member pursuant to Section 5.04
and (C) the amount of any liabilities of such Member assumed by the Company or that are secured by any Property contributed
by such Member to the Company.

 

    	20

    	 

    

(iv)            
In determining the amount of any liability for purposes of subparagraphs (ii) and (iii) above there shall
be taken into account Section 752(c) of the Code and any other applicable provisions of the Code and the Treasury Regulations.

 

The foregoing provisions and the other provisions of this Agreement
relating to the maintenance of Capital Accounts are intended to comply with Treasury Regulations Section 1.704-1(b) and shall
be interpreted and applied in a manner consistent with such Treasury Regulations. In the event that the Managing Member shall reasonably
determine that it is prudent to modify the manner in which the Capital Accounts or any debits or credits thereto are maintained
(including debits or credits relating to liabilities that are secured by contributed or distributed Property or that are assumed
by the Company or the Members), the Managing Member may make such modification so long as such modification will not have any effect
on the amounts distributed to any Person pursuant to Article XI upon the dissolution of the Company. The Managing Member also
shall (i) make any adjustments that are necessary or appropriate to maintain equality between Capital Accounts of the Members
and the amount of capital reflected on the Company’s balance sheet, as computed for book purposes, in accordance with Treasury
Regulations Section 1.704-1(b)(2)(iv)(g), and (ii) make any appropriate modifications in the event unanticipated events
might otherwise cause this Agreement not to comply with Treasury Regulations Section 1.704-1(b).

 

(b)              
Succession to Capital Accounts. In the event any Person becomes a Substitute Member in accordance with the
provisions of this Agreement, such Substitute Member shall succeed to the Capital Account of the former Member (the “Transferor
Member”) to the extent such Capital Account relates to the Transferred Units.

 

(c)               
Adjustments of Capital Accounts. The Company shall revalue the Capital Accounts of the Members in accordance
with Treasury Regulations Section 1.704-1(b)(2)(iv)(f) (a “Revaluation”) at the following times: (i) immediately
prior to the contribution of more than a de minimis amount of money or other property to the Company by a new or existing
Member as consideration for one or more Units; (ii) the distribution by the Company to a Member of more than a de minimis
amount of property in respect of one or more Units; (iii) the issuance by the Company of more than a de minimis amount
of Units as consideration for the provision of services to or for the benefit of the Company (as described in Treasury Regulations
Section 1.704-1(b)(2)(iv)(f)(5)(iii)); and (iv) the liquidation of the Company within the meaning of Treasury Regulations
Section 1.704-1(b)(2)(ii)(g) (other than a liquidation pursuant to Section 708(b)(1)(B) of the Code); provided,
however, that adjustments pursuant to clauses (i), (ii) and (iii) above shall be made only if the Managing
Member reasonably determines that such adjustments are necessary or appropriate to reflect the relative economic interest of the
Members.

 

(d)              
No Member shall be entitled to withdraw capital or receive distributions except as specifically provided herein.
A Member shall have no obligation to the Company, to any other Member or to any creditor of the Company to restore any negative
balance in the Capital Account of such Member. Except as expressly provided elsewhere herein, no interest shall be paid on the
balance in any Member’s Capital Account.

 

    	21

    	 

    

(e)               
Whenever it is necessary for purposes of this Agreement to determine a Member’s Capital Account on a per Unit
basis, such amount shall be determined by dividing the Capital Account of such Member attributable to the applicable class of Units
held of record by such Member by the number of Units of such class held of record by such Member.

 

Section 5.03       
Amounts and Priority of Distributions.

 

(a)               
Distributions Generally. Except as otherwise provided in Section 11.02, distributions shall be made to
the Nonvoting Members as set forth in this Section 5.03, at such times and in such amounts as the Managing Member, in its
sole discretion, shall determine. For the avoidance of doubt, subject to Section 5.03(c), the Class M Members shall not be
entitled to receive any distributions hereunder.

 

(b)              
Distributions to the Members. Subject to Sections 5.03(e), at such times and in such amounts as the Managing
Member, in its sole discretion, shall determine, distributions shall be made to the Nonvoting Members in proportion to their respective
Nonvoting Percentage Interests.

 

(c)               
Pubco Distributions. Notwithstanding the provisions of Section 5.03(b), the Managing Member, in its sole
discretion, may authorize that (i) cash be paid to Pubco (which payment shall be made without pro rata distributions to the
other Members) in exchange for the redemption, repurchase or other acquisition of Nonvoting Common Units held by Pubco to the extent
that such cash payment is used to redeem, repurchase or otherwise acquire an equal number of shares of Class A Common Stock in
accordance with Section 4.02(b), and (ii) to the extent that the Managing Member determines that expenses or other obligations
of Pubco are related to its role as the Managing Member or the business and affairs of Pubco that are conducted through the Company
or any of the Company’s direct or indirect Subsidiaries, cash (and, for the avoidance of doubt, only cash) distributions
may be made to Pubco (which distributions shall be made without pro rata distributions to the other Members) in amounts required
for Pubco to pay (w) operating, administrative and other similar costs incurred by Pubco, including payments in respect of Indebtedness
and preferred stock, to the extent the proceeds are used or will be used by Pubco to pay expenses or other obligations described
in this clause (ii) (in either case only to the extent economically equivalent Indebtedness or Equity Securities of the Company
were not issued to Pubco), payments representing interest with respect to payments not made when due under the terms of the Tax
Receivable Agreement and payments pursuant to any legal, tax, accounting and other professional fees and expenses (but, for the
avoidance of doubt, excluding any tax liabilities of Pubco), (x) any judgments, settlements, penalties, fines or other costs
and expenses in respect of any claims against, or any litigation or proceedings involving, Pubco, (y) fees and expenses (including
any underwriters discounts and commissions) related to any securities offering, investment or acquisition transaction (whether
or not successful) authorized by the board of directors of Pubco and (z) other fees and expenses in connection with the maintenance
of the existence of Pubco (including any costs or expenses associated with being a public company listed on a national securities
exchange). For the avoidance of doubt, distributions made under this Section 5.03(c) may not be used to pay or facilitate
dividends or distributions on the Pubco Common Stock and must be used solely for one of the express purposes set forth under clause
(i) or (ii) of the immediately preceding sentence.

 

    	22

    	 

    

(d)              
Distributions in Kind. Any distributions to the Nonvoting Members in kind shall be made at such times and
in such amounts as the Managing Member, in its sole discretion, shall determine based on their fair market value as determined
by the Managing Member in the same proportions as if distributed in accordance with Section 5.03(b), with all Nonvoting Members
participating in proportion to their respective Nonvoting Percentage Interests. If cash and property are to be distributed in kind
simultaneously, the Company shall distribute such cash and property in kind in the same proportion to each Nonvoting Member.

 

(e)               
Tax Distributions.

 

(i)                
Notwithstanding any other provision of this Section 5.03 to the contrary, to the extent permitted by Applicable
Law and consistent with the Company’s obligations to its creditors as reasonably determined by the Managing Member, the Company
shall make cash distributions by wire transfer of immediately available funds pursuant to this Section 5.03(e)(i) to each
Nonvoting Member with respect to its Nonvoting Common Units at least two (2) Business Days prior to the date on which any
U.S. federal corporate estimated tax payments are due, in an amount equal to such Nonvoting Member’s Tax Distribution Amount,
if any; provided that the Managing Member shall have no liability to any Member in connection with any underpayment of estimated
taxes, so long as cash distributions are made in accordance with this Section 5.03(e)(i) and the Tax Distribution Amounts
are determined as provided in paragraph (i) of the definition of Tax Distribution Amount.

 

(ii)              
On any date that the Company makes a distribution to the Members with respect to their Nonvoting Common Units under
a provision of Section 5.03 other than this Section 5.03(e), if the Tax Distribution Amount is greater than zero, the
Company shall designate all or a portion of such distribution as a Tax Distribution with respect to a Member’s Nonvoting
Common Units to the extent of the Tax Distribution Amount with respect to such Member’s Nonvoting Common Units as of such
date (but not to exceed the amount of such distribution). For the avoidance of doubt, such designation shall be performed with
respect to all Members with respect to which there is a Tax Distribution Amount as of such date.

 

(iii)            
Notwithstanding any other provision of this Section 5.03 to the contrary, if the Tax Distribution Amount for
such Fiscal Year is greater than zero, to the extent permitted by Applicable Law and consistent with the Company’s obligations
to its creditors as reasonably determined by the Managing Member, the Company shall make additional distributions under this Section 5.03(e)(iii)
to the extent of such Tax Distribution Amount for such Fiscal Year as soon as reasonably practicable after the end of such Fiscal
Year (or as soon as reasonably practicable after any event that subsequently adjusts the taxable income of such Fiscal Year).

 

    	23

    	 

    

(iv)            
Under no circumstances shall Tax Distributions reduce the amount otherwise distributable to any Member pursuant to
this Section 5.03 (other than this Section 5.03(e)) after taking into account the effect of Tax Distributions on the
amount of cash or other assets available for distribution by the Company.

 

(f)               
Assignment. Holdings shall have the right to assign to any Transferee of Common Units, pursuant to a Transfer
made in compliance with this Agreement, the right to receive any portion of the amounts distributable or otherwise payable to Holdings
pursuant to Section 5.03(b).

 

Section 5.04       
Allocations.

 

(a)               
Net Income and Net Loss. Except as otherwise provided in this Agreement, and after giving effect to the special
allocations set forth in Section 5.04(b), Section 5.04(c) and Section 5.04(d), Net Income and Net Loss (and, to
the extent necessary, individual items of income, gain, loss, deduction or credit) of the Company shall be allocated among the
Nonvoting Members in a manner such that the Capital Account of each Nonvoting Member, immediately after making such allocation,
is, as nearly as possible, equal to (i) the distributions that would be made to such Nonvoting Member pursuant to Section 5.03(b)
if the Company were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Company liabilities
were satisfied (limited with respect to each nonrecourse liability to the Carrying Value of the assets securing such liability),
and the net assets of the Company were distributed, in accordance with Section 5.03(b), to the Nonvoting Members immediately
after making such allocation, minus (ii) such Nonvoting Member’s share of Company Minimum Gain and Member Nonrecourse
Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets.

 

(b)              
Special Allocations. The following special allocations shall be made in the following order:

 

(i)                
Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(f), notwithstanding
any other provision of this Article V, if there is a net decrease in Company Minimum Gain during any Fiscal Year, each Nonvoting
Member shall be specially allocated items of Company income and gain for such Fiscal Year (and, if necessary, subsequent Fiscal
Years) in an amount equal to such Nonvoting Member’s share of the net decrease in Company Minimum Gain, determined in accordance
with Treasury Regulations Section 1.704-2(g). Allocations pursuant to the immediately preceding sentence shall be made in
proportion to the respective amounts required to be allocated to each Nonvoting Member pursuant thereto. The items to be so allocated
shall be determined in accordance with Treasury Regulations Section 1.704-2(f)(6) and 1.704-2(j)(2). This Section 5.04(b)(i)
is intended to comply with the minimum gain chargeback requirement in Treasury Regulations Section 1.704-2(f) and shall be
interpreted consistently therewith.

 

    	24

    	 

    

(ii)              
Member Minimum Gain Chargeback. Except as otherwise provided in Treasury Regulations Section 1.704-2(i)(4),
notwithstanding any other provision of this Article V, if there is a net decrease in Member Nonrecourse Debt Minimum Gain
attributable to a Member Nonrecourse Debt during any Fiscal Year, each Nonvoting Member who has a share of the Member Nonrecourse
Debt Minimum Gain attributable to such Member Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(5),
shall be specially allocated items of Company income and gain for such Fiscal Year (and, if necessary, subsequent Fiscal Years)
in an amount equal to such Nonvoting Member’s share of the net decrease in Member Nonrecourse Debt Minimum Gain attributable
to such Member Nonrecourse Debt, determined in accordance with Treasury Regulations Section 1.704-2(i)(4). Allocations
pursuant to the previous sentence shall be made in proportion to the respective amounts required to be allocated to each Nonvoting
Member pursuant thereto. The items to be so allocated shall be determined in accordance with Treasury Regulations Sections 1.704-2(i)(4)
and 1.704-2(j)(2). This Section 5.04(b)(ii) is intended to comply with the minimum gain chargeback requirement in Treasury
Regulations Section 1.704-2(i)(4) and shall be interpreted consistently therewith.

 

(iii)            
Qualified Income Offset. In the event any Nonvoting Member unexpectedly receives any adjustments, allocations,
or distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5) or Section 1.704-1(b)(2)(ii)(d)(6),
items of Company income and gain shall be specially allocated to such Nonvoting Member in an amount and manner sufficient to eliminate,
to the extent required by the Treasury Regulations, the Adjusted Capital Account Deficit of the Nonvoting Member as promptly as
possible; provided that an allocation pursuant to this Section 5.04(b)(iii) shall be made only if and to the extent
that the Nonvoting Member would have an Adjusted Capital Account Deficit after all other allocations provided for in this Article V
have been tentatively made as if this Section 5.04(b)(iii) were not in the Agreement.

 

(iv)            
Nonrecourse Deductions. Nonrecourse Deductions for any Fiscal Year shall be specially allocated to the Members
in a manner determined by the Managing Member consistent with Treasury Regulations Sections 1.704-2(b) and 1.704-2(c).

 

(v)              
Member Nonrecourse Deductions. Any Member Nonrecourse Deductions for any Fiscal Year shall be specially allocated
to the Nonvoting Member who bears the economic risk of loss with respect to the Member Nonrecourse Debt to which such Member Nonrecourse
Deductions are attributable in accordance with Treasury Regulations Sections 1.704-2(i)(1) and 1.704-2(j)(1).

 

    	25

    	 

    

(vi)            
Section 754 Adjustments. (A) To the extent an adjustment to the adjusted tax basis of any Company
asset pursuant to Sections 734(b) or 743(b) of the Code is required pursuant to Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4)
to be taken into account in determining Capital Accounts as a result of a distribution other than in liquidation of a Nonvoting
Member’s interest in the Company, the amount of such adjustment shall be treated as an item of gain (if the adjustment increases
the basis of such asset) or loss (if the adjustment decreases the basis of such asset) from the disposition of the asset and shall
be taken into account for purposes of computing Net Income and Net Loss. (B) To the extent an adjustment to the adjusted tax
basis of any Company asset pursuant to Sections 734(b) or 743(b) of the Code is required, pursuant to Treasury Regulations
Section 1.704-1(b)(2)(iv)(m)(2) or Section 1.704-1(b)(2)(iv)(m)(4), to be taken into account in determining Capital
Accounts as the result of a distribution to a Nonvoting Member in complete liquidation of such Nonvoting Member’s interest
in the Company, the amount of such adjustment to Capital Accounts shall be treated as an item of gain (if the adjustment increases
the basis of the asset) or loss (if the adjustment decreases such basis) and such gain or loss shall be specially allocated to
such Nonvoting Members in accordance with their interests in the Company in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(2)
applies, or to the Nonvoting Member to whom such distribution was made in the event Treasury Regulations Section 1.704-1(b)(2)(iv)(m)(4)
applies.

 

(c)               
Curative Allocations. The allocations set forth in Section 5.04(b)(i) through Section 5.04(b)(vi)
and Section 5.04(d) (the “Regulatory Allocations”) are intended to comply with certain requirements of
the Treasury Regulations. It is the intent of the Nonvoting Members that, to the extent possible, all Regulatory Allocations shall
be offset either with other Regulatory Allocations or with special allocations of other items of Company income, gain, loss, or
deduction pursuant to this Section 5.04(c). Therefore, notwithstanding any other provision of this Article V (other than
the Regulatory Allocations), the Managing Member shall make such offsetting special allocations of Company income, gain,
loss, or deduction in whatever manner it determines appropriate so that, after such offsetting allocations are made, each Nonvoting
Member’s Capital Account balance is, to the extent possible, equal to the Capital Account balance such Nonvoting Member would
have had if the Regulatory Allocations were not part of the Agreement and all Company items were allocated pursuant to Section 5.04.

 

(d)              
Loss Limitation. Net Loss (or individual items of loss or deduction) allocated pursuant to Section 5.04
hereof shall not exceed the maximum amount of Net Loss (or individual items of loss or deduction) that can be allocated without
causing any Nonvoting Member to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. In the event some but not
all of the Nonvoting Members would have Adjusted Capital Account Deficits as a consequence of an allocation of Net Loss (or individual
items of loss or deduction) pursuant to Section 5.04 hereof, the limitation set forth in this Section 5.04(d) shall be
applied on a Member by Member basis and Net Loss (or individual items of loss or deduction) not allocable to any Nonvoting Member
as a result of such limitation shall be allocated to the other Nonvoting Members in accordance with the positive balances in such
Nonvoting Members’ Capital Accounts so as to allocate the maximum permissible Net Loss to each Nonvoting Member under Treasury
Regulations Section 1.704-1(b)(2)(ii)(d). Any reallocation of Net Loss pursuant to this Section 5.04(d) shall be
subject to chargeback pursuant to the curative allocation provision of Section 5.04(c).

 

    	26

    	 

    

Section 5.05       
Other Allocation Rules.

 

(a)               
Interim Allocations Due to Percentage Adjustment.  If a Nonvoting Percentage Interest is the subject
of a Transfer or the Nonvoting Members’ interests in the Company change pursuant to the terms of the Agreement during any
Fiscal Year, the amount of Net Income and Net Loss (or items thereof) to be allocated to the Nonvoting Members for such entire
Fiscal Year shall be allocated to the portion of such Fiscal Year which precedes the date of such Transfer or change (and if there
shall have been a prior Transfer or change in such Fiscal Year, which commences on the date of such prior Transfer or change) and
to the portion of such Fiscal Year which occurs on and after the date of such Transfer or change (and if there shall be a subsequent
Transfer or change in such Fiscal Year, which precedes the date of such subsequent Transfer or change) in accordance with Section
706 of the Code and the regulations thereunder as determined by the Managing Member and the amounts of the items so allocated to
each such portion shall be credited or charged to the Members in accordance with Section 5.04 as in effect during each such
portion of the Fiscal Year in question. As of the date of such Transfer, the Transferee Member shall succeed to the Capital Account
of the Transferor Member with respect to the transferred Units.

 

(b)              
Tax Allocations: Code Section 704(c). In accordance with Section 704(c) of the Code and the Treasury
Regulations thereunder, income, gain, loss, and deduction with respect to any Property contributed to the capital of the Company
and with respect to reverse Code Section 704(c) allocations described in Treasury Regulations 1.704-3(a)(6) shall, solely
for tax purposes, be allocated among the Members so as to take account of any variation between the adjusted basis of such Property
to the Company for federal income tax purposes and its initial Carrying Value or its Carrying Value determined pursuant to Treasury
Regulation 1.704-1(b)(2)(iv)(f) (computed in accordance with the definition of Carrying Value) using the traditional allocation
method under Treasury Regulation 1.704-3(b). Any elections or other decisions relating to such allocations shall be made by the
Managing Member in any manner that reasonably reflects the purpose and intention of this Agreement. Allocations pursuant to this
Section 5.05(b), Section 704(c) of the Code (and the principles thereof), and Treasury Regulation 1.704-1(b)(4)(i) are
solely for purposes of federal, state, and local taxes and shall not affect, or in any way be taken into account in computing,
any Nonvoting Member’s Capital Account or share of Net Income, Net Loss, other items, or distributions pursuant to any provision
of this Agreement.

 

Section 5.06       
Tax Withholding; Withholding Advances.

 

(a)               
Tax Withholding.

 

(i)                
If requested by the Managing Member, each Nonvoting Member shall, if able to do so, deliver to the Managing Member:
(A) an affidavit in form satisfactory to the Company that the applicable
Nonvoting Member (or its partners, as the case may be) is not subject to withholding under the provisions of any federal, state,
local, foreign or other law; (B) any certificate that the Company may
reasonably request with respect to any such laws; and/or (C) any other
form or instrument reasonably requested by the Company relating to any Nonvoting Member’s status under such law. In the event
that a Nonvoting Member fails or is unable to deliver to the Company an affidavit described in subclause (A) of this clause (i),
the Company may withhold amounts from such Nonvoting Member in accordance with Section 5.06(b).

 

    	27

    	 

    

(ii)              
After receipt of a written request of any Nonvoting Member, the Company shall provide such information to such Nonvoting
Member and take such other action as may be reasonably necessary to assist such Nonvoting Member in making any necessary filings,
applications or elections to obtain any available exemption from, or any available refund of, any withholding imposed by any foreign
taxing authority with respect to amounts distributable or items of income allocable to such Nonvoting Member hereunder to the extent
not adverse to the Company or any Member. In addition, the Company shall, at the request of any Nonvoting Member, make or cause
to be made (or cause the Company to make) any such filings, applications or elections; provided that any such requesting
Nonvoting Member shall cooperate with the Company, with respect to any such filing, application or election to the extent reasonably
determined by the Company and that any filing fees, taxes or other out-of-pocket expenses reasonably incurred and related thereto
shall be paid and borne by such requesting Nonvoting Member or, if there is more than one requesting Nonvoting Member, by such
requesting Nonvoting Members in accordance with their Relative Percentage Interests.

 

(b)              
Withholding Advances. To the extent the Company is required by Applicable Law to withhold or to make tax payments
on behalf of or with respect to any Nonvoting Member (e.g., backup withholding) (“Withholding Advances”), the
Company may withhold such amounts and make such tax payments as so required.

 

(c)               
Repayment of Withholding Advances. All Withholding Advances made on behalf of a Nonvoting Member, plus interest
thereon at a rate equal to the Prime Rate as of the date of such Withholding Advances plus 2.0% per annum, shall (i) be
paid on demand by the Nonvoting Member on whose behalf such Withholding Advances were made (it being understood that no such payment
shall increase such Member’s Capital Account), or (ii) with the
consent of the Managing Member and the affected Member be repaid by reducing the amount of the current or next succeeding distribution
or distributions that would otherwise have been made to such Nonvoting Member or, if such distributions are not sufficient for
that purpose, by so reducing the proceeds of liquidation otherwise payable to such Nonvoting Member. Whenever repayment of a Withholding
Advance by a Nonvoting Member is made as described in clause (ii) of this Section 5.06(c), for all other purposes
of this Agreement such Nonvoting Member shall be treated as having received all distributions (whether before or upon any Dissolution
Event) unreduced by the amount of such Withholding Advance and interest thereon.

 

    	28

    	 

    

(d)              
Withholding Advances — Reimbursement of Liabilities. Each Nonvoting Member hereby agrees to reimburse
the Company for any liability with respect to Withholding Advances (including interest thereon) required or made on behalf of or
with respect to such Nonvoting Member (including penalties imposed with respect thereto).

 

Article VI

CERTAIN TAX MATTERS

 

Section 6.01       
Tax Matters Partner. The “Tax Matters Partner” (as such term is defined in Section 6231(a)(7)
of the Code) of the Company shall be selected by the Managing Member with the initial Tax Matters Partner being Pubco. The Tax
Matters Partner shall use its reasonable efforts to comply with the responsibilities outlined in Sections 6221 through 6233
of the Code (including the Treasury Regulations promulgated thereunder) and shall have any powers necessary to perform fully in
such capacity. The Tax Matters Partner is authorized to represent the Company before taxing authorities and courts in tax matters
affecting the Company and the Members in their capacity as such and shall keep the Members promptly informed of any such administrative
and judicial proceedings; provided that Holdings shall be entitled to participate with the Tax Matters Partner in any tax
matters that would reasonably be expected to have a materially adverse effect on Holdings (or any beneficial owners of Holdings).
The Tax Matters Partner shall be entitled to be reimbursed by the Company for all reasonable third-party costs and expenses incurred
by it in connection with any administrative or judicial proceeding affecting tax matters of the Company and the Members in their
capacity as such. The Tax Matters Partner shall not bind any Member to any settlement agreement or closing agreement without such
Member’s prior written consent. Any Member who enters into a settlement agreement with any tax authority with respect to
any Company item shall notify the Tax Matters Partner of such settlement agreement and its terms within thirty (30) days after
the date of settlement. This provision shall survive any termination of this Agreement.

 

Section 6.02       
Section 754 Election. The Company shall make a timely election under Section 754 of the Code (and a corresponding
election under state and local law) effective starting with the taxable year ended December 31, 2015, and the Managing Member shall
not take any action to revoke such election.

 

Article VII

MANAGEMENT OF THE COMPANY

 

Section 7.01       
Management by the Managing Member. Except as otherwise specifically set forth in this Agreement, the Managing
Member shall be deemed to be a “manager” for purposes of applying the Delaware Act. Except as expressly provided in
this Agreement or the Delaware Act, the day-to-day business and affairs of the Company and its Subsidiaries shall be managed, operated
and controlled by the Managing Member in accordance with the terms of this Agreement and no other Members shall have management
authority or rights over the Company or its Subsidiaries. The Managing Member is, to the extent of its rights and powers set forth
in this Agreement, an agent of the Company for the purpose of the Company’s and its Subsidiaries’ business, and the
actions of the Managing Member taken in accordance with such rights and powers, shall bind the Company (and no other Members shall
have such right). Except as expressly provided in this Agreement, the Managing Member shall have all necessary powers to carry
out the purposes, business, and objectives of the Company and its Subsidiaries. The Managing Member may delegate to Members, employees,
officers or agents of the Company or any Subsidiary in its discretion the authority to sign agreements and other documents on behalf
of the Company or any Subsidiary.

 

    	29

    	 

    

Section 7.02       
Withdrawal of the Managing Member. Pubco may withdraw as the Managing
Member and appoint as its successor at any time upon written notice to the Company (i) any wholly-owned Subsidiary of Pubco,
(ii) any Person of which Pubco is a wholly-owned Subsidiary, (iii) any Person into which Pubco is merged or consolidated
or (iv) any transferee of all or substantially all of the assets of Pubco, which withdrawal and replacement shall be effective
upon the delivery of such notice. No appointment of a Person other than Pubco (or its successor, as applicable) as Managing Member
shall be effective unless Pubco (or its successor, as applicable) and the new Managing Member (as applicable) provide all other
Members with contractual rights, directly enforceable by such other Members against the new Managing Member, to cause the new Managing
Member to comply with all the Managing Member’s obligations under this Agreement and the Exchange Agreement.

 

Section 7.03       
Decisions by the Members.

 

(a)               
Other than the Managing Member, the Members shall take no part in the management of the Company’s business,
shall transact no business for the Company and shall have no power to act for or to bind the Company; provided, however,
that the Company may engage any Member or principal, partner, member, shareholder or interest holder thereof as an employee, independent
contractor or consultant to the Company, in which event the duties and liabilities of such individual or firm with respect to the
Company as an employee, independent contractor or consultant shall be governed by the terms of such engagement with the Company.

 

(b)              
Except as expressly provided herein (including with respect to any special approval rights granted to Holdings hereunder),
no Members (other than Pubco in its capacity as the Class M Member) nor any class of Members (other than the Class M Common Units)
shall have any voting rights nor the power or authority to vote, approve or consent to any matter or action taken by the Company.
Except as otherwise provided herein, any proposed matter or action subject to the vote, approval or consent of the Members shall
require the approval of the Class M Member.

 

    	30

    	 

    

Section 7.04       
[Reserved].

 

Section 7.05       
Officers.

 

(a)               
Appointment of Officers. The Managing Member may appoint individuals as officers (“Officers”)
of the Company, which may include such officers as the Managing Member determines are necessary and appropriate. No Officer need
be a Member. An individual may be appointed to more than one office.

 

(b)              
Authority of Officers. The Officers shall have the duties, rights, powers and authority as may be prescribed
by the Managing Member from time to time.

 

(c)               
Removal, Resignation and Filling of Vacancy of Officers. The Managing Member may remove any Officer, for any
reason or for no reason, at any time. Any Officer may resign at any time by giving written notice to the Company, and such resignation
shall take effect at the date of the receipt of that notice or any later time specified in that notice; provided that, unless
otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any such resignation
shall be without prejudice to the rights, if any, of the Company or such Officer under this Agreement. A vacancy in any office
because of death, resignation, removal or otherwise shall be filled by the Managing Member.

 

Article VIII

TRANSFERS OF INTERESTS

 

Section 8.01       
Restrictions on Transfers.

 

(a)               
Except as expressly permitted by Section 8.02, and subject to Section 8.01(b), Section 8.01(c), and
Section 8.01(d), any underwriter lock-up agreement applicable to such Member, and/or any other agreement between such Member
and the Company, Pubco or any of their controlled Affiliates, without the prior written approval of the Managing Member, no Member
shall directly or indirectly Transfer all or any part of its Units or any right or economic interest pertaining thereto, including
the right to vote or consent on any matter or to receive or have any economic interest in distributions or advances from the Company
pursuant thereto. Any such Transfer which is not in compliance with the provisions of this Agreement shall be deemed a Transfer
by such Member of Units in violation of this Agreement (and a breach of this Agreement by such Member) and shall be null and void
ab initio. Notwithstanding anything to the contrary in this Article VIII, (i) the Exchange Agreement shall govern the
exchange of Paired Interests for shares of Class A Common Stock, and an exchange pursuant to and in accordance with the Exchange
Agreement shall not be considered a “Transfer” for purposes of this Agreement, (ii) a Transfer of Registrable Securities
(as such term is defined in the Investor Rights Agreement) in accordance with the Investor Rights Agreement shall not be considered
a “Transfer” for the purposes of the Agreement, and (iii) any other Transfer of shares of Class A Common Stock shall
not be considered a “Transfer” for purposes of this Agreement.

 

    	31

    	 

    

(b)              
Except as otherwise expressly provided herein, it shall be a condition precedent to any Transfer otherwise permitted
or approved pursuant to this Article VIII that:

 

(i)              
the Transferor shall have provided to the Company prior notice of such Transfer;

 

(ii)             
the Transfer shall comply with all Applicable Laws; and

 

(iii)            
with respect to any Transfer of any Nonvoting Common Unit that constitutes a portion of a Paired Interest, concurrently
with such Transfer, such Transferor shall also Transfer to such Transferee the number of shares of Class B Common Stock constituting
the remainder of such Paired Interest (which, as of the date hereof, would be one share of Class B Common Stock).

 

(c)               
Notwithstanding any other provision of this Agreement to the contrary, no Member shall directly or indirectly Transfer
all or any part of its Units or any right or economic interest pertaining thereto if such Transfer, in the reasonable discretion
of the Managing Member, would cause the Company to be classified as a “publicly traded partnership” as that term is
defined in Section 7704 of the Code and Regulations promulgated thereunder.

 

(d)              
Any Transfer of Units pursuant to this Agreement, including this Article VIII, shall be subject to the provisions
of Section 3.01 and Section 3.02.

 

Section 8.02       
Certain Permitted Transfers. Notwithstanding anything to the contrary herein, the following Transfers shall
be permitted:

 

(a)               
Any Transfer by any Member of its Units pursuant to a Pubco Offer (as such term is defined in the Exchange Agreement)
or Disposition Event;

 

(b)               
Any Transfer of Units pursuant to a pledge agreement or other security document entered into by a Member
(or direct or indirect parent of such Member) controlled directly or indirectly by MacAndrews & Forbes Incorporated, including
any exercise of foreclosure sale or other remedies thereunder; provided, that no such Transfer shall be permitted if the Managing
Member reasonably determines that such Transfer would materially increase the risk that the Company would be classified as a “publicly
traded partnership” as that term is defined in Section 7704 of the Code and Regulations promulgated thereunder; or

 

(c)              
At any time, any Transfer by any Member of Units to any Transferee approved in writing by the Managing Member (not
to be unreasonably withheld), it being understood that it shall be reasonable for the Managing Member to withhold such consent
if the Managing Member reasonably determines that such Transfer would materially increase the risk that (i) the Company would be
classified as a “publicly traded partnership” as that term is defined in Section 7704 of the Code and Regulations promulgated
thereunder or (ii) the Company would be required to register a class of securities under the Exchange Act.

 

    	32

    	 

    

Section 8.03       
Registration of Transfers. When any Units are Transferred in accordance with the terms of this Agreement,
the Company shall cause such Transfer to be registered on the books of the Company.

 

Article IX

[RESERVED]

 

Article X

LIMITATION ON LIABILITY, EXCULPATION

AND INDEMNIFICATION

 

Section 10.01   
Limitation on Liability. The debts, obligations and liabilities of the Company, whether arising in contract,
tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and no Covered Person shall be obligated
personally for any such debt, obligation or liability of the Company; provided that the foregoing shall not alter a Member’s
obligation to return funds wrongfully distributed to it.

 

Section 10.02   
Exculpation and Indemnification.

 

(a)               
Neither the Managing Member nor any other Covered Person described in clause (iii) of the definition thereof
shall be liable, including under any legal or equitable theory of fiduciary duty or other theory of liability, to the Company or
to any other Covered Person for any losses, claims, damages or liabilities incurred by reason of any act or omission performed
or omitted by such Covered Person in good faith on behalf of the Company. There shall be, and each Covered Person shall be entitled
to, a presumption that such Covered Person acted in good faith.

 

(b)              
A Covered Person shall be fully protected in relying in good faith upon the records of the Company and upon such
information, opinions, reports or statements presented to the Company by any Person as to matters the Covered Person reasonably
believes are within such Person’s professional or expert competence.

 

    	33

    	 

    

(c)               
The Company shall indemnify, defend and hold harmless each Covered Person against any losses, claims, damages, liabilities,
expenses (including all reasonable out-of-pocket fees and expenses of counsel and other advisors), judgments, fines, settlements
and other amounts arising from any and all claims, demands, actions, suits or proceedings, in which such Covered Person may be
involved or become subject to, in connection with any matter arising out of or in connection with the Company’s business
or affairs, or this Agreement or any related document, unless such loss, claim, damage, liability, expense, judgment, fine, settlement
or other amount (i) is as a result of a Covered Person not acting in good faith on behalf of the Company or arose as a result
of the willful commission by such Covered Person of any act that is dishonest and materially injurious to the Company, (ii) results
from its contractual obligations under any Reorganization Document to be performed in a capacity other than as a Covered Person
or (iii) results from the breach by any Member (in such capacity) of its contractual obligations under this Agreement. If
any Covered Person becomes involved in any capacity in any action, suit, proceeding or investigation in connection with any matter
arising out of or in connection with the Company’s business or affairs, or this Agreement or any related document (other
than any Reorganization Document), other than by reason of any act or omission performed or omitted by such Covered Person
that was not in good faith on behalf of the Company or constituted a willful commission by such Covered Person of an act that is
dishonest and materially injurious to the Company, the Company shall reimburse such Covered Person for its reasonable legal and
other reasonable out-of-pocket expenses (including the cost of any investigation and preparation) as they are incurred in connection
therewith; provided that such Covered Person shall promptly repay to the Company the amount of any such reimbursed expenses
paid to it if it shall be finally judicially determined that such Covered Person was not entitled to indemnification by, or contribution
from, the Company in connection with such action, suit, proceeding or investigation. If for any reason (other than the bad faith
of a Covered Person or the willful commission by such Covered Person of an act that is dishonest and materially injurious to the
Company) the foregoing indemnification is unavailable to such Covered Person, or insufficient to hold it harmless, then the Company
shall contribute to the amount paid or payable by such Covered Person as a result of such loss, claim, damage, liability, expense,
judgment, fine, settlement or other amount in such proportion as is appropriate to reflect any relevant equitable considerations.
There shall be, and each Covered Person shall be entitled to, a rebuttable presumption that such Covered Person acted in good faith.

 

(d)              
The obligations of the Company under Section 10.02(c) shall be satisfied solely out of and to the extent of
the Company’s assets, and no Covered Person shall have any personal liability on account thereof.

 

    	34

    	 

    

(e)               
Given that certain Jointly Indemnifiable Claims may arise by reason of the service of a Covered Person to the Company
and/or as a director, trustee, officer, partner, member, manager, employee, consultant, fiduciary or agent of other corporations,
limited liability companies, partnerships, joint ventures, trusts, employee benefit plans or other enterprises controlled by the
Company (collectively, the “Controlled Entities”), or by reason of any action alleged to have been taken or
omitted in any such capacity, the Company acknowledges and agrees that the Company shall, and to the extent applicable shall cause
the Controlled Entities to, be fully and primarily responsible for the payment to the Covered Person in respect of indemnification
or advancement of all out-of-pocket costs of any type or nature whatsoever (including, without limitation, all attorneys’
fees and related disbursements) in each case, actually and reasonably incurred by or on behalf of a Covered Person in connection
with either the investigation, defense or appeal of a claim, demand, action, suit or proceeding or establishing or enforcing a
right to indemnification under this Agreement or otherwise incurred in connection with a claim that is indemnifiable hereunder
(collectively, “Expenses”) in connection with any such Jointly Indemnifiable Claim, pursuant to and in accordance
with (as applicable) the terms of (i) the Delaware Act, (ii) this Agreement, (iii) any other agreement between the
Company or any Controlled Entity and the Covered Person pursuant to which the Covered Person is indemnified, (iv) the laws
of the jurisdiction of incorporation or organization of any Controlled Entity and/or (v) the certificate of incorporation,
certificate of organization, bylaws, partnership agreement, operating agreement, certificate of formation, certificate of limited
partnership, certificate of qualification or other organizational or governing documents of any Controlled Entity ((i) through
(v) collectively, the “Indemnification Sources”), irrespective of any right of recovery the Covered Person
may have from the Indemnitee-Related Entities. Under no circumstance shall the Company or any Controlled Entity be entitled to
any right of subrogation or contribution by the Indemnitee-Related Entities and no right of advancement or recovery the Covered
Person may have from the Indemnitee-Related Entities shall reduce or otherwise alter the rights of the Covered Person or the obligations
of the Company or any Controlled Entity under the Indemnification Sources. In the event that any of the Indemnitee-Related Entities
shall make any payment to the Covered Person in respect of indemnification or advancement of Expenses with respect to any Jointly
Indemnifiable Claim, (i) the Company shall, and to the extent applicable shall cause the Controlled Entities to, reimburse
the Indemnitee-Related Entity making such payment to the extent of such payment promptly upon written demand from such Indemnitee-Related
Entity, (ii) to the extent not previously and fully reimbursed by the Company and/or any Controlled Entity pursuant to clause
(i), the Indemnitee-Related Entity making such payment shall be subrogated to the extent of the outstanding balance of such payment
to all of the rights of recovery of the Covered Person against the Company and/or any Controlled Entity, as applicable, and (iii) the
Covered Person shall execute all papers reasonably required and shall do all things that may be reasonably necessary to secure
such rights, including the execution of such documents as may be necessary to enable the Indemnitee-Related Entities effectively
to bring suit to enforce such rights. The Company and the Covered Person agree that each of the Indemnitee-Related Entities shall
be third-party beneficiaries with respect to this Section 10.02(e), entitled to enforce this Section 10.02(e) as though
each such Indemnitee-Related Entity were a party to this Agreement. The Company shall cause each of the Controlled Entities to
perform the terms and obligations of this Section 10.02(e) as though each such Controlled Entity was the “Company”
under this Agreement. For purposes of this Section 10.02(e), the following terms shall have the following meanings:

 

(i)                
The term “Indemnitee-Related Entities” means any corporation, limited liability company, partnership,
joint venture, trust, employee benefit plan or other enterprise (other than the Company, any Controlled Entity or the insurer under
and pursuant to an insurance policy of the Company or any Controlled Entity) from whom a Covered Person may be entitled to indemnification
or advancement of Expenses with respect to which, in whole or in part, the Company or any Controlled Entity may also have an indemnification
or advancement obligation.

 

(ii)              
The term “Jointly Indemnifiable Claims” shall be broadly construed and shall include, without
limitation, any claim, demand, action, suit or proceeding for which the Covered Person shall be entitled to indemnification or
advancement of Expenses from both (i) the Company and/or any Controlled Entity pursuant to the Indemnification Sources, on
the one hand, and (ii) any Indemnitee-Related Entity pursuant to any other agreement between any Indemnitee-Related Entity
and the Covered Person pursuant to which the Covered Person is indemnified, the laws of the jurisdiction of incorporation or organization
of any Indemnitee-Related Entity and/or the certificate of incorporation, certificate of organization, bylaws, partnership agreement,
operating agreement, certificate of formation, certificate of limited partnership or other organizational or governing documents
of any Indemnitee-Related Entity, on the other hand.

 

    	35

    	 

    

Article XI

DISSOLUTION AND TERMINATION

 

Section 11.01   
Dissolution.

 

(a)               
The Company shall not be dissolved by the admission of Additional Members or Substitute Members pursuant to Section 3.02.

 

(b)              
No Member shall (i) resign from the Company prior to the dissolution and winding up of the Company except in
connection with a Transfer of Units pursuant to the terms of this Agreement or (ii) take any action to dissolve, terminate
or liquidate the Company or to require apportionment, appraisal or partition of the Company or any of its assets, or to file a
bill for an accounting, except as specifically provided in this Agreement, and each Member, to the fullest extent permitted by
Applicable Law, hereby waives any rights to take any such actions under Applicable Law, including any right to petition a court
for judicial dissolution under Section 18-802 of the Delaware Act.

 

(c)               
The Company shall be dissolved and its business wound up only upon the earliest to occur of any one of the following
events (each a “Dissolution Event”):

 

(i)                
The expiration of forty-five (45) days after the sale or other disposition of all or substantially all the assets
of the Company; or

 

(ii)              
upon the approval of the Managing Member.

 

(d)              
The death, retirement, resignation, expulsion, bankruptcy, insolvency or dissolution of a Member or the occurrence
of any other event that terminates the continued membership of a Member of the Company shall not in and of itself cause dissolution
of the Company.

 

Section 11.02   
Winding Up of the Company.

 

(a)               
The Managing Member shall promptly notify the other Members of any Dissolution Event. Upon dissolution, the Company’s
business shall be liquidated in an orderly manner. The Managing Member shall appoint a liquidating trustee to wind up the affairs
of the Company pursuant to this Agreement. In performing its duties, the liquidating trustee is authorized to sell, distribute,
exchange or otherwise dispose of the assets of the Company in accordance with the Delaware Act and in any reasonable manner that
the liquidating trustee shall determine to be in the best interest of the Members.

 

    	36

    	 

    

(b)              
The proceeds of the liquidation of the Company shall be distributed in the following order and priority:

 

(i)                
first, to the creditors (including any Members or their respective Affiliates that are creditors) of the Company
in satisfaction of all of the Company’s liabilities (whether by payment or by making reasonable provision for payment thereof,
including the setting up of any reserves which are, in the judgment of the liquidating trustee, reasonably necessary therefor);
and

 

(ii)              
second, to the Nonvoting Members in the same manner as distributions under Section 5.03(b), subject to
Section 5.03(e).

 

(c)               
Distribution of Property. In the event it becomes necessary in connection with the liquidation of the Company
to make a distribution of Property in-kind, subject to the priority set forth in Section 11.02, the liquidating trustee shall
have the right to compel each Nonvoting Member to accept a distribution of any Property in-kind (with such Property, as a percentage
of the total liquidating distributions to such Nonvoting Member, corresponding as nearly as possible to such Nonvoting Member’s
Nonvoting Percentage Interest), with such distribution being based upon the amount of cash that would be distributed to such Members
if such Property were sold for an amount of cash equal to the fair market value of such Property, as determined by the liquidating
trustee in good faith, subject to the last sentence of Section 5.03(d).

 

Section 11.03   
Termination. The Company shall terminate when all of the assets of the Company, after payment of or reasonable
provision for the payment of all debts and liabilities of the Company, shall have been distributed to the Members in the manner
provided for in this Article XI, and the certificate of formation of the Company shall have been cancelled in the manner required
by the Delaware Act.

 

Section 11.04   
Survival. Termination, dissolution, liquidation or winding up of the Company for any reason shall not release
any party from any liability which at the time of such termination, dissolution, liquidation or winding up already had accrued
to any other party or which thereafter may accrue in respect to any act or omission prior to such termination, dissolution, liquidation
or winding up.

 

Article XII

MISCELLANEOUS

 

Section 12.01   
Expenses. All costs and expenses incurred in connection with this Agreement and the transactions contemplated
hereby shall be paid by the party incurring such cost or expense.

 

    	37

    	 

    

Section 12.02   
Further Assurances. Each Member agrees to execute, acknowledge, deliver, file and record such further certificates,
amendments, instruments and documents, and to do all such other acts and things, as may be required by Applicable Law or as, in
the reasonable judgment of the Managing Member, may be necessary or advisable to carry out the intent and purposes of this Agreement.

 

Section 12.03   
Notices. All notices, requests and other communications to any party hereunder shall be in writing (including
facsimile transmission and electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested
and received) and shall be given to such party at the address, facsimile number or e-mail address specified for such party on the
Member Schedule hereto, or to such other address or facsimile number as such party may hereafter specify for the purpose by
notice to the other parties hereto. All such notices, requests and other communications shall be deemed received on the date of
receipt by the recipient thereof if received prior to 5:00 p.m. on a Business Day in the place of receipt. Otherwise, any such
notice, request or communication shall be deemed to have been received on the next succeeding Business Day in the place of receipt.

 

Section 12.04   
Binding Effect; Benefit; Assignment.

 

(a)               
The provisions of this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their
respective successors and assigns. No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations
or liabilities hereunder upon any Person other than the parties hereto and their respective successors and assigns.

 

(b)              
Except as provided in Article VIII, no Member may assign, delegate or otherwise transfer any of its rights or
obligations under this Agreement without the consent of the Managing Member.

 

Section 12.05   
Jurisdiction.

 

(a)               
The parties hereto agree that any suit, action or proceeding seeking to enforce any provision of, or based on any
matter arising out of or in connection with, this Agreement or the transactions contemplated hereby (whether brought by any party
or any of its Affiliates or against any party or any of its Affiliates) shall be brought in the Delaware Court of Chancery or,
if such court shall not have jurisdiction, any federal court located in the State of Delaware or other Delaware state court, and
each of the parties hereby irrevocably consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom)
in any such suit, action or proceeding and irrevocably waives, to the fullest extent permitted by law, any objection that it may
now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such court or that any such suit,
action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding
may be served on any party anywhere in the world, whether within or without the jurisdiction of any such court. Without limiting
the foregoing, each party agrees that service of process on such party as provided in Section 12.03 shall be deemed effective
service of process on such party.

 

    	38

    	 

    

(b)              
EACH OF THE COMPANY AND THE MEMBERS HEREBY IRREVOCABLY DESIGNATES CORPORATION SERVICE COMPANY (IN SUCH CAPACITY,
THE “PROCESS AGENT”), WITH AN OFFICE AT 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON, NEW CASTLE COUNTY, DELAWARE
19808, AS ITS DESIGNEE, APPOINTEE AND AGENT TO RECEIVE, FOR AND ON ITS BEHALF SERVICE OF PROCESS IN SUCH JURISDICTION IN ANY LEGAL
ACTION OR PROCEEDINGS WITH RESPECT TO THIS AGREEMENT OR ANY OTHER AGREEMENT EXECUTED IN CONNECTION WITH THIS AGREEMENT, AND SUCH
SERVICE SHALL BE DEEMED COMPLETE UPON DELIVERY THEREOF TO THE PROCESS AGENT; PROVIDED THAT IN THE CASE OF ANY SUCH SERVICE
UPON THE PROCESS AGENT, THE PARTY EFFECTING SUCH SERVICE SHALL ALSO DELIVER A COPY THEREOF TO EACH OTHER SUCH PARTY IN THE MANNER
PROVIDED IN SECTION 12.03 OF THIS AGREEMENT. EACH PARTY SHALL TAKE ALL SUCH ACTION AS MAY BE NECESSARY TO CONTINUE SAID APPOINTMENT
IN FULL FORCE AND EFFECT OR TO APPOINT ANOTHER AGENT SO THAT SUCH PARTY SHALL AT ALL TIMES HAVE AN AGENT FOR SERVICE OF PROCESS
FOR THE ABOVE PURPOSES IN WILMINGTON, DELAWARE. NOTHING HEREIN SHALL AFFECT THE RIGHT OF ANY PARTY TO SERVE PROCESS IN ANY MANNER
PERMITTED BY APPLICABLE LAW. EACH PARTY EXPRESSLY ACKNOWLEDGES THAT THE FOREGOING WAIVER IS INTENDED TO BE IRREVOCABLE UNDER THE
LAWS OF THE STATE OF DELAWARE AND OF THE UNITED STATES OF AMERICA.

 

Section 12.06   
WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 12.07   
Counterparts. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. Until and unless each party has received
a counterpart hereof signed by the other party hereto, this Agreement shall have no effect and no party shall have any right or
obligation hereunder (whether by virtue of any other oral or written agreement or other communication).

 

Section 12.08   
Entire Agreement. This Agreement and the Reorganization Documents constitute the entire agreement between
the parties with respect to the subject matter of this Agreement and supersede all prior agreements and understandings, both oral
and written, between the parties with respect to the subject matter of this Agreement. Nothing in this Agreement shall create any
third-party beneficiary rights in favor of any Person or other party, except to the extent provided herein with respect to Indemnitee-Related
Entities, each of whom are intended third-party beneficiaries of those provisions that specifically relate to them with the right
to enforce such provisions as if they were a party hereto.

 

    	39

    	 

    

Section 12.09   
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent
jurisdiction or other Governmental Authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants
and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse
to any party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby
are consummated as originally contemplated to the fullest extent possible.

 

Section 12.10   
Amendment.

 

(a)               
This Agreement can be amended at any time and from time to time by the Managing Member; provided, in addition
to the approval of the Managing Member, no amendment to this Agreement may adversely modify in any material respect the Units (or
the rights, preferences or privileges of the Units) then held by any Members in any materially disproportionate manner to those
then held by any other Members without the prior written consent of a majority in interest of such disproportionately affected
Member or Members.

 

(b)              
For the avoidance of doubt: (i) the Managing Member, acting alone, may amend this Agreement, including the Member
Schedule, (x) to reflect the admission of new Members or Transfers of Units, each as provided by and in accordance with, the
terms of this Agreement, (y) to effect any subdivisions or combinations of Units made in compliance with Section 4.02(c)
and (z) to issue additional Nonvoting Common Units or any new class of Units (whether or not pari passu with the Nonvoting
Common Units) in accordance with the terms of this Agreement and to provide that the Members being issued such new Units be entitled
to the rights provided to Holdings with respect to all or a portion of the provisions applicable thereto hereunder and any other
rights that do not diminish or eliminate any of the express rights of Holdings described herein; and (ii) any merger, consolidation
or other business combination that constitutes a Disposition Event in which the Non-Pubco Members are required to exchange all
of their Paired Interests pursuant to Section 2.03(b) of the Exchange Agreement and receive consideration in such Disposition
Event in accordance with the terms of this Agreement and the Exchange Agreement as in effect immediately prior to the consummation
of such Disposition Event shall not be deemed an amendment hereof; provided, that such amendment is only effective upon
consummation of such Disposition Event.

 

(c)               
No waiver of any provision or default under, nor consent to any exception to, the terms of this Agreement or any
agreement contemplated hereby shall be effective unless in writing and signed by the party to be bound and then only to the specific
purpose, extent and instance so provided.

 

    	40

    	 

    

Section 12.11   
Confidentiality.

 

(a)               
Holdings, Pubco and each other Member (collectively the “Equityholders”) shall, and shall direct
those of its Affiliates and their respective directors, officers, members, stockholders, partners, employees, attorneys, accountants,
consultants, trustees and other advisors (the “Equityholder Parties”) who have access to Confidential Information
to, keep confidential and not disclose any Confidential Information to any Person other than a Equityholder Party who agrees to
keep such Confidential Information confidential in accordance with this Section 12.11, in each case without the express consent,
in the case of Confidential Information acquired from the Company, of the Managing Member or, in the case of Confidential Information
acquired from another Equityholder, such other Equityholder, unless:

 

(i)                
such disclosure shall be required by Applicable Law;

 

(ii)              
such disclosure is reasonably required in connection with any tax audit involving the Company or any Equityholder
or its Affiliates;

 

(iii)            
such disclosure is reasonably required in connection with any litigation against or involving the Company or any
Equityholder; or

 

(iv)            
such disclosure is reasonably required in connection with any proposed Transfer of all or any part of such Member’s
Units in the Company; provided that with respect to any such use of any Confidential Information referred to in this clause
(iv), advance notice must be given to the Managing Member so that it may require any proposed Transferee that is not a Member to
enter into a confidentiality agreement with terms substantially similar to the terms of this Section 12.11 (excluding this
clause (iv)) prior to the disclosure of such Confidential Information.

 

(b)              
“Confidential Information” means any information related to the activities of the Company, the
Equityholders and their respective Affiliates that an Equityholder may acquire from the Company or the Equityholders, other than
information that (i) is already available through publicly available sources of information (other than as a result of disclosure
by such Equityholder), (ii) was available to a Equityholder on a non-confidential basis prior to its disclosure to such Equityholder
by the Company, or (iii) becomes available to a Equityholder on a non-confidential basis from a third party, provided such
third party is not known by such Equityholder, after reasonable inquiry, to be bound by this Agreement or another confidentiality
agreement with the Company. Such Confidential Information may include information that pertains or relates to the business
and affairs of any other Equityholder or any other Company matters. Confidential Information may be used by a Equityholder and
its Equityholder Parties only in connection with Company matters and in connection with the maintenance of its interest in the
Company.

 

    	41

    	 

    

(c)               
In the event that any Equityholder or any Equityholder Parties of such Equityholder is required to disclose any of
the Confidential Information, such Equityholder shall use reasonable efforts to provide the Company with prompt written notice
so that the Company may seek a protective order or other appropriate remedy and/or waive compliance with the provisions of this
Agreement, and such Equityholder shall use reasonable efforts to cooperate with the Company in any effort any such Person undertakes
to obtain a protective order or other remedy. In the event that such protective order or other remedy is not obtained, or that
the Company waives compliance with the provisions of this Section 12.11, such Equityholder and its Equityholder Parties shall
furnish only that portion of the Confidential Information that is legally required and shall exercise all reasonable efforts to
obtain reasonably reliable assurance that the Confidential Information shall be accorded confidential treatment.

 

(d)              
Notwithstanding anything in this Agreement to the contrary, each Equityholder may disclose to any persons the U.S.
federal income tax treatment and tax structure of the Company and the transactions set out in the Reorganization Agreement. For
this purpose, “tax structure” is limited to any facts relevant to the U.S. federal income tax treatment of the Company
and does not include information relating to the identity of the Company or any Equityholder.

 

Section 12.12   
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State
of Delaware, without regard to the conflicts of law rules of such State that would result in the application of the laws of any
other State.

 

[signature pages follow]

 

    	42

    	 

    

IN WITNESS WHEREOF, the parties hereto have
caused this Second Amended and Restated Limited Liability Company Agreement to be duly executed as of the day and year first written
above.

 

	 	VTV THERAPEUTICS LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe	 
	 	 	Name: Stephen L. Holcombe	 
	 	 	Title: President and Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	VTV THERAPEUTICS INC.	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe	 
	 	 	Name: Stephen L. Holcombe	 
	 	 	Title: President and Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	VTV THERAPEUTICS HOLDINGS LLC	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Stephen L. Holcombe	 
	 	 	Name: Stephen L. Holcombe	 
	 	 	Title: President	 

 

    	[Signature Page to the Amended and Restated Limited Liability Company Agreement of vTv Therapeutics LLC]

    	 

    

Schedule A

 

Member Schedule

 

	Member	Address	Class M 

Common 

Units	Nonvoting 

Common 

Units	Capital 

Account 

Balance
	Class M Member
	vTv 

Therapeutics

 Inc.	4170 Mendenhall Oaks Parkway

High Point, NC 27265

Facsimile:  (336) 841-0310

E-mail: sholcombe@vtvtherapeutics.com	1	0	--
	Nonvoting Members
	vTv 

Therapeutics

 Holdings LLC	c/o MacAndrews & Forbes Incorporated

35 East 62nd Street

New York, NY 10065

Facsimile:  (212) 572-5695

E-mail: 	0	25,000,000	$375,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]