Document:

Exhibit 10.1

 

Execution Version

 

FORBEARANCE AGREEMENT AND THIRD AMENDMENT TO
 SECOND AMENDED AND RESTATED
  REVOLVING CREDIT AND SECURITY AGREEMENT

 

This Forbearance Agreement and Third Amendment to Second Amended and Restated Revolving Credit and Security Agreement (this “Agreement”) is entered into as of February 28, 2019, by and among Emerge Energy Services LP, a Delaware limited partnership, Emerge Energy Services Operating LLC, a Delaware limited liability company (“Emerge”), Superior Silica Sands LLC, a Texas limited liability company (“SSS” and together with Emerge and each Person joined hereto as a borrower from time to time, collectively, the “Borrowers,” and each individually a “Borrower”), the Lenders party hereto, and PNC Bank, National Association (“PNC”), as administrative agent for the Lenders and collateral agent for the Secured Parties (in such capacities, the “Agent”).

 

RECITALS

 

A.            The Borrowers, the other Credit Parties, Agent and Lenders are parties to that certain Second Amended and Restated Revolving Credit and Security Agreement, dated as of January 5, 2018, as amended by the Forbearance Agreement and First Amendment to Second Amended and Restated Revolving Credit and Security Agreement dated as of December 31, 2018 and as amended by the Forbearance Agreement and Second Amendment to Second Amended and Restated Revolving Credit and Security Agreement dated as of January 31, 2019 (as may be further amended, restated, supplemented or otherwise modified from time to time, the “First Lien Credit Agreement”), pursuant to which, among other things, the Lenders agreed, subject to the terms and conditions set forth in the First Lien Credit Agreement, to make certain loans and other financial accommodations to Borrower.  Capitalized terms used herein shall, unless otherwise indicated, have the respective meanings set forth in the First Lien Credit Agreement.

 

B.            The Borrower and the other Credit Parties are party to the Second Lien Note Purchase Agreement dated as of January 5, 2018, as amended by the Forbearance Agreement and First Amendment to Second Lien Note Purchase Agreement and as amended by the Forbearance Agreement and Second Amendment to Second Lien Note Purchase Agreement, dated as of January 31, 2019, among the Borrower, the Credit Parties, HPS Investment Partners, LLC, as notes agent (in such capacity, the “Second Lien Agent”) and the noteholders party thereto (the “Second Lien Noteholders”) (as may be further amended, restated, supplemented, refinanced or otherwise modified from time to time, the “Second Lien Note Purchase Agreement”).

 

C.            As of the date hereof, the Defaults and Events of Default identified on Exhibit A hereto (collectively “Specified Defaults”) have occurred or are expected to occur prior to the expiration of the Third Forbearance Period (as hereinafter defined).

 

D.            The Borrowers have requested that during the Third Forbearance Period, Agent and the Required Lenders (the Agent and the Lenders in all their capacities under the First Lien Credit Agreement are sometimes referred to herein individually as a “Lender Party,” and collectively as the “Lender Parties”) agree (a) to forbear from exercising certain of their default-related rights and remedies against Borrowers and the other Credit Parties with respect to the Specified Defaults, (b) that the Lenders, subject to the terms and conditions of the First Lien Credit Agreement (without giving effect to the existence of the Specified Defaults during the Third

 

 

Forbearance Period) continue to make Revolving Advances to the Borrowers and (c) that the Issuer continue to issue Letters of Credit to the Borrowers, notwithstanding the existence of the Specified Defaults and subject to the terms and conditions set forth herein.

 

E.            Subject to the terms and conditions set forth herein, (i) the Lender Parties have agreed to (a) forbear from exercising certain of their default-related rights and remedies against the Borrowers and the other Credit Parties with respect to the Specified Defaults, (b) amend the First Lien Credit Agreement in certain respects as set forth below and (c) subject to the terms and conditions of the First Lien Credit Agreement (without giving effect to the existence of the Specified Defaults during the Third Forbearance Period) continue making Revolving Advances and continue to issue Letters of Credit to the Borrowers.

 

NOW, THEREFORE, in consideration of the foregoing, the terms, covenants and conditions contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

SECTION 1.        Confirmation by Borrowers of Obligations and Specified Defaults

 

(a)             Each Credit Party acknowledges and agrees that as of the Third Forbearance Effective Date, (i) the aggregate principal balance of the outstanding Letter of Credit Obligations under the First Lien Credit Agreement is $11,210,000 and (ii) the aggregate principal balance of the outstanding Revolving Advances under the First Lien Credit Agreement is $36,050,000.  The foregoing amount does not include interest, fees, expenses and other amounts that are chargeable or otherwise reimbursable under the First Lien Credit Agreement and the Other Documents.

 

(b)           Each Credit Party acknowledges and agrees that (i) each of the Specified Defaults constitutes a material Event of Default that is expected to occur during the Third Forbearance Period (and that for the purposes of this Agreement, an Event of Default shall be deemed to have occurred with respect to the Specified Defaults), (ii) none of the Specified Defaults will be cured during the Third Forbearance Period, and (iii) except for the Specified Defaults, no other Events of Default have occurred and are continuing as of the date hereof, or are expected to occur during the Third Forbearance Period, as the case may be.  Prior to the effectiveness of this Agreement, the occurrence of each Specified Default: (i) relieves the Lender Parties from any obligation to extend any Advances or issue Letters of Credit under the Credit Agreement or other Credit Documents and (ii) permits the Lender Parties to, among other things, (A) suspend or terminate the Commitment to provide Advances and issue Letters of Credit under any or all of the Credit Agreement and the other Credit Documents, (B) terminate Borrower’s ability to obtain or maintain LIBOR Rate Loans, (C) accelerate all or any portion of the Obligations, (D) charge the Default Rate pursuant to Section 3.1 of the First Lien Credit Agreement with respect to any and all of the Obligations effective from and after the date hereof, (E) subject to the ABL/Term Intercreditor Agreement (solely to the extent applicable thereunder), commence any legal or other action to collect any or all of the Obligations from any Borrower, any other Credit Party and/or any Collateral, (F) subject to the ABL/Term Intercreditor Agreement, foreclose or otherwise realize on any or all of the Collateral and/or appropriate, set-off and apply to the payment of any or all of the Obligations, any or all of the Collateral, and/or (G) subject to the ABL/Term Intercreditor Agreement (solely to the extent applicable thereunder), take any other enforcement

 

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action or otherwise exercise any or all rights and remedies provided for by any or all of the First Lien Credit Agreement, the Other Documents or applicable Law.

 

SECTION 2.        Amendments to First Lien Credit Agreement.

 

(a)           Effective as of the Third Forbearance Effective Date (as hereinafter defined), Section 1.2 of the First Lien Credit Agreement is hereby amended by adding the following definitions to such Section, in alphabetical order:

 

“Forbearance Agreement and Third Amendment” shall mean the Forbearance Agreement and Third Amendment to Second Amended and Restated Revolving Credit and Security Agreement dated as of February 28, 2019 among the Borrowers, the other Credit Parties party thereto, the Lenders party thereto and the Agent.

 

“Third Forbearance Effective Date” shall have the meaning set forth in the Forbearance Agreement and Third Amendment.

 

“Third Forbearance Period” shall have the meaning set forth in the Forbearance Agreement and Third Amendment.

 

(b)           Effective as of the Third Forbearance Effective Date, Section 2.1(ii)(b)(iii) of the First Lien Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(iii)        with respect to Sand Reserves, the lesser of (A) the Sand Reserve Advance Rate, subject to the provisions of this Section 2.1, multiplied by the Sand Reserve Value and (B)(x) during the period commencing February 28, 2019 and ending June 30, 2019, forty-five percent (45%) of the Maximum Revolving Advance Amount and (y) during the period commencing July 1, 2019 and ending on the Maturity Date, thirty-five percent (35%) of the Maximum Revolving Advance Amount; minus”.

 

(c)           Effective as of the Third Forbearance Effective Date, Section 6.5(c)(ii) of the First Lien Credit Agreement is hereby amended and restated in its entirety as follows:

 

“(ii) Notwithstanding Section 6.5(c)(i), at all times during the Third Forbearance Period each of the Credit Parties shall, and shall cause each of their respective Restricted Subsidiaries to, not make any Capital Expenditures, other than (A) Capital Expenditures in respect of the Osburn Facility in an aggregate amount for all such Capital Expenditures during the Third Forbearance Period not to exceed $1,500,000, (B) any Capital Expenditures made to restore, replace, or rebuild property, plant or Equipment of the Credit Parties that in each case is both material to and necessary for the continuing operations of the Credit Parties’ business, as a result of any casualty or damage to such Credit Party’s property, plant or Equipment and (C) additional Capital Expenditures with the prior approval of the CRO (as defined in the Forbearance Agreement and Second Amendment) pursuant to a disbursements plan to be mutually agreed with the Agent.”

 

SECTION 3.        Forbearance; Forbearance Default Rights and Remedies.

 

(a)           In reliance upon the representations and warranties and covenants of the Credit Parties contained in this Agreement, and subject to the terms and conditions of this Agreement and any documents or instruments executed in connection herewith, effective as of the

 

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Third Forbearance Effective Date, each of the Lender Parties agrees that until the expiration or termination of the Third Forbearance Period, it will (subject to clause (b) below) temporarily forbear from exercising its default-related rights and remedies against Borrower or any other Credit Party (or any of their respective assets or properties) solely with respect to the Specified Defaults (the “Forbearance”).  As used herein, the term “Third Forbearance Period” shall mean the period beginning on the Third Forbearance Effective Date and ending immediately and automatically upon the earlier to occur of (the occurrence of clause (i) or (ii), a “Termination Event”): (i) the occurrence of any Forbearance Default (as hereinafter defined) and (ii) March 28, 2019.  As used herein, the term “Forbearance Default” shall mean (A) the occurrence of any Event of Default other than the Specified Defaults, (B) the failure of the Borrowers or any other Credit Party to comply timely in all material respects with any term, condition, or covenant set forth in this Agreement, (C) the failure of any representation or warranty made by the Borrower or any other Credit Party under or in connection with this Agreement to be true and complete in all material respects as of the date when made or any other material breach of any such representation or warranty, or (D) any Credit Party repudiates or asserts a defense in writing to any obligations or liability under the First Lien Credit Agreement or any Other Document.  The Borrowers shall provide notice to the Agent and the Lender Parties, as soon as possible but in any event within one (1) Business Day of the occurrence of any Forbearance Default, which notice shall state that such event occurred and set forth, in reasonable detail, the facts and circumstances that gave rise to such event.

 

(b)           Notwithstanding anything to the contrary herein, from (and including) the Third Forbearance Effective Date and at all times during the continuance of any of the Specified Defaults, the Obligations shall bear interest at the Default Rate in accordance with Section 3.1 of the First Lien Credit Agreement; provided, however, that each of the Lender Parties agrees, subject to the terms and conditions of the First Lien Credit Agreement (without giving effect to the existence of the Specified Defaults during the Third Forbearance Period), not to elect to suspend the Borrower’s ability to incur LIBOR Rate Loans and that the Borrowing Agent may continue to elect LIBOR Rate Loans pursuant to a notice of borrowing or notice of conversion.

 

(c)           The Forbearance is limited in nature and nothing contained herein is intended, or shall be deemed or construed (i) to constitute a waiver of any of the Specified Defaults or any future Defaults or Events of Default or compliance with any term or provision of the First Lien Credit Agreement or the Other Documents or applicable law, except to the extent expressly provided for herein, or (ii) to establish a custom or course of dealing between the Credit Parties, on the one hand, and the Agent or any Lender, on the other hand.  Nothing contained in this Agreement shall be deemed to obligate the Agent or any Lender to enter into any other forbearance agreements or to waive any Defaults or Events of Default, except to the extent expressly provided for herein.

 

(d)           Upon the occurrence of a Termination Event, the agreement of the Lender Parties hereunder to forbear from exercising their respective default-related rights and remedies shall immediately terminate without the requirement of any demand, presentment, protest, or notice of any kind, all of which the Borrowers and the other Credit Parties each waives.  The Borrowers and the other Credit Parties each agree that, subject to the terms and conditions of the ABL/Term Intercreditor Agreement, the Agent and each Lender may at any time thereafter in their respective sole and absolute discretion proceed to exercise and enforce any and all of their respective rights and remedies under any or all of the First Lien Credit Agreement, any Other

 

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Document and/or applicable law, including, without limitation, their respective rights and remedies with respect to the Specified Defaults.  Without limiting the generality of the foregoing, upon the occurrence of a Termination Event, the Lender Parties may, in their sole discretion and without the requirement of any demand, presentment, protest, or notice of any kind, (i) suspend or terminate the Commitments to provide Advances under any or all of the Credit Agreement and other Credit Documents (ii) subject to the ABL/Term Intercreditor Agreement (solely to the extent applicable), commence any legal or other action to collect any or all of the Obligations from the Borrowers, any other Credit Party and/or any Collateral, (iii) subject to the ABL/Term Intercreditor Agreement, foreclose or otherwise realize on any or all of the Collateral, and/or appropriate, setoff or apply to the payment of any or all of the Obligations, any or all of the Collateral, and (iv) subject to the ABL/Term Intercreditor Agreement (solely to the extent applicable), take any other enforcement action or otherwise exercise any or all rights and remedies provided for by any or all of the First Lien Credit Agreement, any Other Documents and/or applicable law, all of which rights and remedies are fully reserved by the Lender Parties. In furtherance of the foregoing, and notwithstanding the occurrence of the Third Forbearance Effective Date, each of the Credit Parties acknowledges and confirms that, subject to the Forbearance, all rights and remedies of the Agent and the Lenders under the First Lien Credit Agreement and the Other Documents and applicable law with respect to the Borrowers or any other Credit Party shall continue to be available to the Agent and the Lenders.  For the avoidance of doubt, the Credit Parties acknowledge and confirm that the agreement of the Agent and the Lenders temporarily to forbear shall not apply to nor preclude any remedy available to the Agent or the Lenders in connection with any proceeding commenced under any bankruptcy or insolvency law, including, without limitation, to any relief in respect of adequate protection or relief from any stay imposed under such law.

 

(e)           Each of the parties hereto hereby agrees that the running of all statutes of limitation and the doctrine of laches applicable to all claims or causes of action that the Agent or any Lender may be entitled to take or bring in order to enforce its rights and remedies against any Credit Party are, to the fullest extent permitted by law, tolled and suspended during the Third Forbearance Period.

 

(f)            The Credit Parties understand and accept the temporary nature of the forbearance provided hereby and that the Agent and the Lender Parties have given no assurances that they will extend such forbearance or provide waivers or amendments to the First Lien Credit Agreement or any Other Document.

 

(g)           Any agreement by the Lender Parties to extend the Third Forbearance Period, if any, must be set forth in writing and signed by a duly authorized signatory of each of the Agent and the Required Lenders.

 

SECTION 4.        Supplemental Terms, Conditions and Covenants During the Third Forbearance Period

 

(a)           During the Third Forbearance Period, the Credit Parties shall provide to the Agent for itself and on behalf of the Lenders, (i) no later than 5:00 p.m. Friday of each week, commencing March 1, 2019, an updated 13-week cash flow statement for the Credit Parties and (ii) copies of such other documents or information as reasonably requested by the Agent or the Lender Parties.

 

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(b)           During the Third Forbearance Period, at the request of any Lender Party on not more than a weekly basis, management of the Credit Parties shall conduct a telephonic meeting to be attended by the respective representatives of the Credit Parties and the Lender Parties, during which meeting the Credit Parties shall provide information relating to the Credit Parties as reasonably requested by any Lender Party including, without limitation, information and updates with respect to their business, the negotiations among the Credit Parties and the parties to their various logistics agreements, plant overhead and corporate selling, general and administrative expense rationalization, daily production volume reports related to the dry and wet plant operations at the Osburn Facility (as well as effective COGS analysis related to the overall plant operations at the Osburn Facility), an updated 13-week cash flow statement with variance analysis to the previously provided 13-week cash flow statement, key upcoming receipts and disbursements, the amount of anticipated drawings under the First Lien Credit Agreement, and an update with respect to any discussions relating to any strategic alternatives.

 

(c)           During the Third Forbearance Period, and following the termination of the Third Forbearance Period so long as any Default or Event of Default has occurred and is continuing, each Credit Party shall comply with all limitations, restrictions or prohibitions that would otherwise be effective or applicable under the First Lien Credit Agreement or any Other Document during the continuance of any Default or Event of Default, including, without limitation, the prohibitions against the making of Dispositions pursuant to Section 7.1(b)(xv) and (xvi) of the First Lien Credit Agreement, the consummation of any Permitted Acquisition or the making of any Restricted Payments pursuant to Section 7.5(a) or (b) of the First Lien Credit Agreement; provided, however, that the Borrowers shall, subject to the terms and conditions of the First Lien Credit Agreement (without giving effect to the existence of the Specified Defaults during the Third Forbearance Period), continue to be able to request the making of Revolving Advances and the issuance of Letters of Credit. The Lender Parties further agree that during the Third Forbearance Period, (i) a Dominion Period shall not commence, (ii) neither the Specified Defaults nor Excess Availability will trigger a Dominion Event, (iii) the Agent will not deliver an Activation Notice in connection with any Deposit Account Control Agreement and (iv) the Agent will not deliver any written notice contemplated by that certain Second Amended and Restated Pledge of Ownership Interests, dated as of January 8, 2018 among the Borrower, the Parent Guarantor and the Agent (as amended, modified, or supplemented).

 

(d)           During the Third Forbearance Period, the Credit Parties shall in good faith use their commercially reasonable efforts to diligently negotiate certain amendments and modifications to the material agreements to which the Credit Parties are a party, including, without limitation, their railcar leases, fixed logistics agreements and similar agreements, in order to improve the financial condition of the Credit Parties and their Restricted Subsidiaries.

 

(e)           To the extent the Credit Parties receive notice of any filing of liens of record, delivery of notices of default or reservation of rights letters or commencement of litigation, Credit Parties shall deliver Agent copies of same.

 

SECTION 5.        Effectiveness.  This Agreement will be effective as of the date when the following conditions have been satisfied (such date, the “Third Forbearance Effective Date”):

 

(a)           Agreement.  The Agent shall have received counterparts of this Agreement executed by each of the Credit Parties and the Lenders constituting the Required Lenders;

 

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(b)           Fees and Expenses.  All fees and expenses due under the First Lien Credit Agreement and the Other Documents in connection therewith and this Agreement (including, without limitation, fees and expenses of legal counsel) shall have been paid by the Borrowers (in the case of expenses, to the extent invoiced on or prior to the date of this Agreement);

 

(c)           Representations and Warranties.  The representations and warranties set forth in Section 7 below shall be true and correct in all material respects as of such date;

 

(d)           No Default or Event of Default.  No Default or Event of Default shall have occurred and be continuing, other than the Specified Defaults.

 

SECTION 6.        General Release; Indemnity.

 

(a)           In consideration of, among other things, Agent’s and the Required Lenders’ execution and delivery of this Agreement, each of the Borrowers and the other Credit Parties, on behalf of itself and its agents, representatives, officers, directors, advisors, employees, subsidiaries, affiliates, successors and assigns (collectively, “Releasors”), hereby forever agrees and covenants not to sue or prosecute against any Releasee (as hereinafter defined) and hereby forever waives, releases and discharges, to the fullest extent permitted by law, each Releasee from any and all claims (including, without limitation, crossclaims, counterclaims, rights of set-off and recoupment), actions, causes of action, suits, debts, accounts, interests, liens, promises, warranties, damages and consequential damages, demands, agreements, bonds, bills, specialties, covenants, controversies, variances, trespasses, judgments, executions, costs, expenses or claims whatsoever, that such Releasor now has or hereafter may have, of whatsoever nature and kind, whether known or unknown, whether now existing or hereafter arising, whether arising at law or in equity (collectively, the “Claims”), against any or all of the Lender Parties in any capacity and their respective affiliates, subsidiaries, shareholders and “controlling persons” (within the meaning of the federal securities laws), and their respective successors and assigns and each and all of the officers, directors, employees, agents, attorneys, advisors and other representatives of each of the foregoing (collectively, the “Releasees”), based in whole or in part on facts, whether or not now known, existing on or before the Third Forbearance Effective Date, that relate to, arise out of or otherwise are in connection with: (i) any or all of the First Lien Credit Agreement, this Agreement, the Other Documents or transactions contemplated thereby or any actions or omissions in connection therewith, or (ii) any aspect of the dealings or relationships between or among the Borrowers and the other Credit Parties, on the one hand, and any or all of the Lender Parties, on the other hand, relating to any or all of the documents, transactions, actions or omissions referenced in clause (i) hereof.  In entering into this Agreement, the Borrowers and each other Credit Party consulted with, and have been represented by, legal counsel and expressly disclaim any reliance on any representations, acts or omissions by any of the Releasees and hereby agree and acknowledge that the validity and effectiveness of the releases set forth above do not depend in any way on any such representations, acts and/or omissions or the accuracy, completeness or validity thereof.  The provisions of this Section shall survive the termination of this Agreement, the First Lien Credit Agreement, the Other Documents and payment in full of the Obligations.

 

(b)           The Borrowers and the other Credit Parties each hereby agree that it shall, jointly and severally, indemnify and hold the Releasees harmless with respect to any and all liabilities, obligations, losses, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by the Releasees, or any of them, whether direct, indirect

 

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or consequential, as a result of or arising from or relating to any proceeding by or on behalf of any Person, including, without limitation, the respective officers, directors, agents, trustees, creditors, partners or shareholders of the Borrowers, any other Credit Party, or any of their respective Subsidiaries, whether threatened or initiated, in respect of any claim for legal or equitable remedy under any statue, regulation or common law principle arising from or in connection with the negotiation, preparation, execution, delivery, performance, administration and enforcement of the First Lien Credit Agreement, the Other Documents, this Agreement or any other document executed and/or delivered in connection herewith or therewith; provided, that neither Borrower nor any other Credit Party shall have any obligation to indemnify or hold harmless any Releasee hereunder with respect to liabilities to the extent they result from the gross negligence or willful misconduct of that Releasee as finally determined by a court of competent jurisdiction.  The foregoing indemnity shall survive the termination of this Agreement, the First Lien Credit Agreement, the Other Documents and the payment in full of the Obligations.

 

SECTION 7.        Representations, Warranties And Covenants Of the Borrowers and Other Credit Parties. To induce Agent and the other Lender Parties to execute and deliver this Agreement, each of the Borrowers and the other Credit Parties represents, warrants and covenants that:

 

(a)           The execution, delivery and performance by each of the Borrowers and the other Credit Parties of this Agreement and all documents and instruments delivered in connection herewith have been duly authorized by such Credit Parties, this Agreement has been duly executed and delivered by each of Borrowers and the other Credit Parties, and this Agreement and all documents and instruments delivered in connection herewith are legal, valid and binding obligations of such Credit Parties enforceable against such parties in accordance with their respective terms, except as the enforcement thereof may be subject to (i) the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law);

 

(b)           Except with respect to the Specified Defaults, each of the representations and warranties contained in the First Lien Credit Agreement and the Other Documents is true and correct in all material respects on and as of the date hereof as if made on the date hereof, except to the extent that such representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date, and each of the agreements and covenants in the First Lien Credit Agreement and the Other Documents is hereby reaffirmed with the same force and effect as if each were separately stated herein and made as of the date hereof;

 

(c)           Neither the execution, delivery and performance of this Agreement and all documents and instruments delivered in connection herewith nor the consummation of the transactions contemplated hereby or thereby does or shall contravene, result in a breach of, or violate (i) any provision of any Credit Party’s Organizational Documents, (ii) any Applicable Law, or (iii) any Material Contract; and

 

(d)           As of the date hereof, except for the Specified Defaults, no Default or Event of Default has occurred or is continuing under this Agreement, the First Lien Credit Agreement or any Other Document.

 

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SECTION 8.        Ratification of Liability.  Borrowers and the other Credit Parties, as debtors, grantors, pledgors, guarantors, assignors, or in other similar capacities in which such parties grant liens or security interests in their properties or otherwise act as accommodation parties or guarantors, as the case may be, under the First Lien Credit Agreement and the Other Documents, hereby ratify and reaffirm all of their payment and performance obligations and obligations to indemnify, contingent or otherwise, under each of such First Lien Credit Agreement and Other Documents to which it is a party, and ratify and reaffirm their grants of liens on or security interests in their properties pursuant to such First Lien Credit Agreement and Other Documents to which they are a party, respectively, as security for the Obligations under or with respect to the First Lien Credit Agreement, and confirms and agrees that such liens and security interests hereafter secure all of the Obligations, including, without limitation, all additional Obligations hereafter arising or incurred pursuant to or in connection with this Agreement, the First Lien Credit Agreement or any Other Document.

 

SECTION 9.        Reference To And Effect Upon The First Lien Credit Agreement.

 

(a)           Except as specifically amended hereby, all terms, conditions, covenants, representations and warranties contained in the First Lien Credit Agreement and Other Documents, and all rights of the Lender Parties and all of the Obligations, shall remain in full force and effect.  The Borrowers and the other Credit Parties hereby confirm that the First Lien Credit Agreement and the Other Documents are in full force and effect and that neither Borrower nor any other Credit Party has any right of setoff, recoupment or other offset or any defense, claim or counterclaim with respect to any of the Obligations, the First Lien Credit Agreement or any Other Document.

 

(b)           Except as expressly set forth herein, the execution, delivery and effectiveness of this Agreement shall not directly or indirectly (i) constitute a consent or waiver of any past, present or future violations of any provisions of the First Lien Credit Agreement or any Other Documents nor constitute a novation of any of the Obligations under the First Lien Credit Agreement or Other Documents, (ii) amend, modify or operate as a waiver of any provision of the First Lien Credit Agreement or any Other Documents or any right, power or remedy of any Lender Party, or (iii) constitute a course of dealing or other basis for altering any Obligations or any other contract or instrument.  Except as expressly set forth herein, each Lender Party reserves all of its rights, powers, and remedies under the First Lien Credit Agreement, the Other Documents and applicable law.  All of the provisions of the First Lien Credit Agreement and the Other Documents, including, without limitation, the time of the essence provisions, are hereby reiterated, and if ever waived, are hereby reinstated.

 

(c)           From and after the Third Forbearance Effective Date, (i) the term “Agreement” in the First Lien Credit Agreement, and all references to the First Lien Credit Agreement in any Other Document, shall mean the First Lien Credit Agreement, as amended by this Agreement, and (ii) the term “Other Documents” in the First Lien Credit Agreement and the Other Documents shall include, without limitation, this Agreement and any agreements, instruments and other documents executed and/or delivered in connection herewith.

 

(d)           Borrower and the Credit Parties acknowledge and agree that the Lender Parties’ agreement to forbear from exercising certain of their default-related rights and remedies with respect to the Specified Defaults during the Third Forbearance Period does not in any manner

 

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whatsoever limit any Lender Party’s right to insist upon strict compliance by Borrower and the other Credit Parties with the First Lien Credit Agreement, this Agreement or any Other Document during the Third Forbearance Period, except as expressly set forth herein.

 

SECTION 10.        Governing Law; Consent to Jurisdiction and Venue.  THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN ALL MATTERS ARISING OUT OF, IN CONNECTION WITH OR RELATING TO THIS AGREEMENT, INCLUDING, WITHOUT LIMITATION, ITS VALIDITY, INTERPRETATION, CONSTRUCTION, PERFORMANCE AND ENFORCEMENT (INCLUDING, WITHOUT LIMITATION, ANY CLAIMS SOUNDING IN CONTRACT OR TORT LAW ARISING OUT OF THE SUBJECT MATTER HEREOF AND ANY DETERMINATIONS WITH RESPECT TO POST-JUDGMENT INTEREST).  ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT SHALL BE BROUGHT EXCLUSIVELY IN THE COURTS OF THE STATE OF NEW YORK LOCATED IN THE CITY OF NEW YORK, BOROUGH OF MANHATTAN, OR OF THE UNITED STATES OF AMERICA FOR THE SOUTHERN DISTRICT OF NEW YORK AND, BY EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER AND EACH OTHER CREDIT PARTY HEREBY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID COURTS; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL LIMIT THE RIGHT OF AGENT TO COMMENCE ANY PROCEEDING IN THE FEDERAL OR STATE COURTS OF ANY OTHER JURISDICTION TO THE EXTENT AGENT DETERMINES THAT SUCH ACTION IS NECESSARY OR APPROPRIATE TO EXERCISE ITS RIGHTS OR REMEDIES UNDER THE FIRST LIEN CREDIT AGREEMENT OR ANY OTHER DOCUMENT.  EACH CREDIT PARTY HEREBY IRREVOCABLY WAIVE ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT ANY OF THEM MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY SUCH ACTION OR PROCEEDING IN SUCH JURISDICTIONS.  EACH CREDIT PARTY HEREBY IRREVOCABLY WAIVES PERSONAL SERVICE OF ANY AND ALL LEGAL PROCESS, SUMMONS, NOTICES AND OTHER DOCUMENTS AND OTHER SERVICE OF PROCESS OF ANY KIND AND CONSENTS TO SUCH SERVICE IN ANY SUIT, ACTION OR PROCEEDING BROUGHT IN THE UNITED STATES OF AMERICA WITH RESPECT TO OR OTHERWISE ARISING OUT OF OR IN CONNECTION WITH THIS AGREEMENT BY ANY MEANS PERMITTED BY APPLICABLE REQUIREMENTS OF LAW, INCLUDING BY THE MAILING THEREOF (BY REGISTERED OR CERTIFIED MAIL, POSTAGE PREPAID) TO THE ADDRESS OF THE BORROWER SPECIFIED IN THE FIRST LIEN CREDIT AGREEMENT (AND SHALL BE EFFECTIVE WHEN SUCH MAILING SHALL BE EFFECTIVE, AS PROVIDED THEREIN).  EACH CREDIT PARTY AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW.  NOTHING CONTAINED IN THIS SECTION 10 SHALL AFFECT THE RIGHT OF AGENT OR ANY LENDER TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE REQUIREMENTS OF LAW OR COMMENCE LEGAL PROCEEDINGS OR OTHERWISE PROCEED AGAINST ANY CREDIT PARTY IN ANY OTHER JURISDICTION.

 

SECTION 11.        Construction  This Agreement and all other agreements and documents executed and/or delivered in connection herewith have been prepared through the joint

 

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efforts of all of the parties hereto.  Neither the provisions of this Agreement or any such other agreements and documents nor any alleged ambiguity therein shall be interpreted or resolved against any party on the ground that such party or its counsel drafted this Agreement or such other agreements and documents, or based on any other rule of strict construction.  Each of the parties hereto represents and declares that such party has carefully read this Agreement and all other agreements and documents executed in connection therewith, and that such party knows the contents thereof and signs the same freely and voluntarily.  The parties hereto acknowledge that they have been represented by legal counsel of their own choosing in negotiations for and preparation of this Agreement and all other agreements and documents executed in connection herewith and that each of them has read the same and had their contents fully explained by such counsel and is fully aware of their contents and legal effect.  If any matter is left to the decision, right, requirement, request, determination, judgment, opinion, approval, consent, waiver, satisfaction, acceptance, agreement, option or discretion of one or more Lender Parties or their respective employees, counsel, or agents in the First Lien Credit Agreement or any Other Documents, such action shall be deemed to be exercisable by such Lender Parties or such other Person in its sole and absolute discretion and according to standards established in its sole and absolute discretion.  Without limiting the generality of the foregoing, “option” and “discretion” shall be implied by the use of the words “if” and “may.”

 

SECTION 12.        Counterparts.  This Agreement may be executed in any number of counterparts, each of which when so executed shall be deemed an original, but all such counterparts shall constitute one and the same instrument, and all signatures need not appear on any one counterpart.  Any party hereto may execute and deliver a counterpart of this Agreement by delivering by facsimile or other electronic transmission a signature page of this Agreement signed by such party, and any such facsimile or other electronic signature shall be treated in all respects as having the same effect as an original signature.  Any party delivering by facsimile or other electronic transmission a counterpart executed by it shall promptly thereafter also deliver a manually signed counterpart of this Agreement; provided that the failure to deliver such manually signed counterpart shall not affect the validity or effectiveness of this Agreement.

 

SECTION 13.        Severability.  The invalidity, illegality, or unenforceability of any provision in or obligation under this Agreement in any jurisdiction shall not affect or impair the validity, legality, or enforceability of the remaining provisions or obligations under this Agreement or of such provision or obligation in any other jurisdiction.  If feasible, any such offending provision shall be deemed modified to be within the limits of enforceability or validity; however, if the offending provision cannot be so modified, it shall be stricken and all other provisions of this Agreement in all other respects shall remain valid and enforceable.

 

SECTION 14.        Time of Essence.  Time is of the essence in the performance of each of the obligations of Borrower and the other Credit Parties hereunder and with respect to all conditions to be satisfied by such parties.

 

SECTION 15.        Further Assurances.  The Borrowers and each other Credit Party agree to take all further actions and execute all further documents as Agent may from time to time reasonably request to carry out the transactions contemplated by this Agreement and all other agreements executed and delivered in connection herewith.

 

11

 

SECTION 16.        Section Headings.  Section headings in this Agreement are included herein for convenience of reference only and shall not constitute part of this Agreement for any other purpose.

 

SECTION 17.        Notices.  All notices, requests, and demands to or upon the respective parties hereto shall be given in accordance with the First Lien Credit Agreement.

 

SECTION 18.        Waiver of Jury Trial Right And Other Matters.  BORROWERS AND THE OTHER CREDIT PARTIES EACH HEREBY WAIVES (i) ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AGREEMENT, THE FIRST LIEN CREDIT AGREEMENT, THE OTHER DOCUMENTS AND ANY OTHER TRANSACTION CONTEMPLATED HEREBY AND THEREBY, WHICH WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE; (ii) PRESENTMENT, DEMAND AND PROTEST, AND NOTICE OF PRESENTMENT, PROTEST, DEFAULT, NONPAYMENT, MATURITY, RELEASE WITH RESPECT TO ALL OR ANY PART OF THE OBLIGATIONS; AND (iii) NOTICE OF ACCEPTANCE HEREOF, AND BORROWERS AND THE OTHER CREDIT PARTIES EACH ACKNOWLEDGES THAT THE FOREGOING WAIVERS ARE A MATERIAL INDUCEMENT TO AGENT’S AND THE OTHER LENDER PARTIES’ ENTERING INTO THIS AGREEMENT AND THAT SUCH PARTIES ARE RELYING UPON THE FOREGOING WAIVERS IN THEIR FUTURE DEALINGS WITH BORROWERS AND THE OTHER CREDIT PARTIES.  BORROWERS AND THE OTHER CREDIT PARTIES EACH WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THE FOREGOING WAIVERS WITH ITS LEGAL COUNSEL AND HAS KNOWINGLY AND VOLUNTARILY WAIVED ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.

 

SECTION 19.        Assignments; No Third Party Beneficiaries.  This Agreement shall be binding upon and inure to the benefit of the Borrowers, the other Credit Parties, the Lender Parties and their respective successors and assigns; provided, that neither Borrower nor any other Credit Party shall be entitled to delegate any of its duties hereunder or to assign any of its rights or remedies set forth in this Agreement without the prior written consent of Agent in its sole discretion.

 

12

 

SECTION 20.        Final Agreement.  This Agreement, the First Lien Credit Agreement, the Other Documents, and the other written agreements, instruments, and documents entered into in connection therewith set forth in full the terms of agreement between the parties hereto and thereto with respect to the subject matter thereof and are intended as the full, complete, and exclusive contracts governing the relationship between such parties with respect to the subject matter thereof, superseding all other discussions, promises, representations, warranties, agreements, and understandings between the parties with respect thereto.  Except as provided therein, no term of the First Lien Credit Agreement or the Other Documents may be modified or amended, nor may any rights thereunder be waived, except in a writing signed by the party against whom enforcement of the modification, amendment, or waiver is sought.  Any waiver of any condition in, or breach of, any of the foregoing in a particular instance shall not operate as a waiver of other or subsequent conditions or breaches of the same or a different kind.  Agent’s or any Lender’s exercise or failure to exercise any rights or remedies under any of the foregoing in a particular instance shall not operate as a waiver of its right to exercise the same or different rights and remedies in any other instances.  There are no oral agreements among the parties hereto.

 

[Signature pages to follow]

 

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IN WITNESS WHEREOF, this Forbearance Agreement and Third Amendment to Second Amended and Restated Revolving Credit and Security Agreement has been executed by the parties hereto as of the date first written above.

 

	
 
    	
EMERGE   ENERGY SERVICES OPERATING LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Warren Bonham
    
	
 
    	
 
    	
Warren   B. Bonham
    
	
 
    	
 
    	
Vice   President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
SUPERIOR   SILICA SANDS LLC
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Warren Bonham
    
	
 
    	
 
    	
Warren   B. Bonham
    
	
 
    	
 
    	
Vice   President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
EMERGE   ENERGY SERVICES LP
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:   EMERGE ENERGY SERVICES GP LLC, its general partner
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Warren Bonham
    
	
 
    	
 
    	
Warren   B. Bonham
    
	
 
    	
 
    	
Vice   President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
PNC   BANK, NATIONAL ASSOCIATION
    
	
 
    	
solely   in its capacities as administrative agent and collateral agent and not in its   individual capacity
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Brad Higgins
    
	
 
    	
Name:
    	
Brad   Higgins
    
	
 
    	
Title:
    	
Senior   Vice President
    
				

 

SIGNATURE PAGE TO

FORBEARANCE AGREEMENT AND THIRD AMENDMENT

 

 

EXHIBIT A

 

(Specified Defaults)

 

a.              Failure to comply with Section 4.19 of the First Lien Credit Agreement as a result of the filing of financing statements for any trade payables.

 

b.              Failure to comply with Section 5.8 of the First Lien Credit Agreement.

 

c.               Failure to comply with Section 5.9 of the First Lien Credit Agreement as a result of any pending or threatened litigation, arbitration, actions or proceedings.

 

d.              Failure to comply with Section 5.12 of the First Lien Credit Agreement as a result of the failure to maintain material licenses or permits.

 

e.               Failure to comply with Section 5.13 of the First Lien Credit Agreement as a result of a material default under a Material Contract.

 

f.                Failure to comply with Section 5.18 of the First Lien Credit Agreement as a result of a Lien that is not a Permitted Encumbrance.

 

g.               Failure to comply with Section 5.27 of the First Lien Credit Agreement as a result of a failure to maintain good title to personal property material to its business.

 

h.              Failure to comply with Section 5.29 of the First Lien Credit Agreement as a result of a failure to maintain good, valid and marketable fee title to all owned Real Property material to its business or that constitutes Collateral, and as a result of a Default or Event of Default under a Real Property agreement.

 

i.                  Failure to comply with Section 6.2(a) of the First Lien Credit Agreement as a result of a failure to maintain material licenses.

 

j.                 Failure to comply with Section 6.5(a) of the First Lien Credit Agreement for the fiscal quarters ending December 31, 2018.

 

k.              Failure to comply with Section 6.5(b) of the First Lien Credit Agreement for the fiscal quarters ending December 31, 2018.

 

l.                  Failure to comply with Section 6.5(c) of the First Lien Credit Agreement through February 28, 2019.

 

m.          Failure to comply with Section 6.5(d) of the First Lien Credit Agreement.

 

n.              Failure to comply with Section 6.6(a)(i) of the First Lien Credit Agreement as a result of a failure to discharge all Liens other than Permitted Encumbrances.

 

 

o.              Failure to comply with Section 6.6(a)(v) of the First Lien Credit Agreement as a result of a failure to provide Mortgages within 90 days of the acquisition of certain Real Property.

 

p.              Failure to comply with Section 6.7 of the First Lien Credit Agreement as a result of a failure to pay, discharge or satisfy all obligations and liabilities in respect of trade payables according to normal payment practices.

 

q.              Failure to comply with Section 7.2 of the First Lien Credit Agreement.

 

r.                 Failure to comply with Section 9.1 of the First Lien Credit Agreement as a result of a failure to disclose a material claim or dispute by a customer or obligor.

 

s.                Failure to comply with Section 9.4 of the First Lien Credit Agreement as a result of a failure to disclose a claim, litigation or suit.

 

t.                 Failure to comply with Section 9.7 of the First Lien Credit Agreement as a result of a failure to deliver financial statements not subject to a “going concern” or like assumption, qualification or exception.

 

u.              Failure to comply with Section 9.12 of the First Lien Credit Agreement as a result of a failure to disclose a lapse, termination, non-renewal or non-extension of a material Consent.

 

v.              Failure to comply with Section 9.16 of the First Lien Credit Agreement as a result of a failure to deliver a reserve report by October 31, 2018.

 

w.            Any Event of Default under Section 10.11 of the First Lien Credit Agreement as a result of any “event of default” under the Specified Note.

 

x.              Any Event of Default under Section 10.11 of the First Lien Credit Agreement as a result of any “event of default” under the Second Lien Note Purchase Agreement.

 

y.              Failure to comply with Section 10.15 of the First Lien Credit Agreement as a result of a lapse, termination, non-renewal or non-extension of a material governmental license.

 

z.               Failure to deliver a notice of the occurrence of any Default with respect to the foregoing sections a. through y. pursuant to Section 9.5(a) of the First Lien Credit Agreement.EX-10.1

 Exhibit 10.1 

SECURITIES PURCHASE AGREEMENT 

This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of February 26, 2019 by and among MeiraGTx
Holdings plc, a Cayman Islands exempted company (the “Company”), and the Investors identified on Exhibit A attached hereto (each an “Investor” and collectively the “Investors”). 

RECITALS 

A.    The Company and the Investors are executing and delivering this Agreement in reliance upon the exemption from
securities registration afforded by the provisions of Section 4(a)(2) of the Securities Act of 1933, as amended (the “1933 Act”); and 

B.    The Investors wish to purchase from the Company, and the Company wishes to sell and issue to the Investors, upon the
terms and subject to the conditions stated in this Agreement, a certain number (the “Shares”) of ordinary shares of the Company, nominal value $0.00003881 per share (the “Ordinary Shares”). 

C.    Contemporaneously with the sale of the Shares, the parties hereto will execute and deliver a Registration Rights
Agreement, in the form attached hereto as Exhibit B (the “Registration Rights Agreement”), pursuant to which the Company will agree to provide certain registration rights in respect of the Shares under the 1933
Act, and the rules and regulations promulgated thereunder, and applicable state securities laws. 
 In consideration of the mutual promises
made herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    Definitions. For the purposes of this Agreement, the following terms shall have the meanings set forth below:

 “Affiliate” means, with respect to any Person, any other Person which directly or indirectly through one or more
intermediaries Controls, is controlled by, or is under common Control with, such Person. 
 “Business Day” means a day,
other than a Saturday or Sunday, on which banks in New York City are open for the general transaction of business. 

“Closing” has the meaning set forth in Section 3.1. 

“Closing Date” has the meaning set forth in Section 3.1. 

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

 “Company’s Knowledge” means the actual knowledge of the executive
officers (as defined in Rule 405 under the 1933 Act) of the Company. 
 “Control” (including the terms
“controlling”, “controlled by” or “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Environmental Laws” has the meaning set forth in
Section 4.17. 
 “FDA” has the meaning set forth in Section 4.32. 

“GAAP” has the meaning set forth in Section 4.19. 

“Intellectual Property Rights” has the meaning set forth in Section 4.16(a). 

“Investor Questionnaire” has the meaning set forth in Section 5.8. 

“IPO Registration Statement” means the Company’s registration statement (File
No. 333- 224914), including a prospectus, as amended at the time it became effective on June 8, 2018, including the information deemed pursuant to Rule 430A, 430B or 430C under the 1933 Act to be
part of such registration statement at the time of its effectiveness. 
 “Losses” has the meaning set forth in
Section 8.2. 
 “Material Adverse Effect” means a material adverse effect on (i) the assets, liabilities, results
of operations, condition (financial or otherwise) or business of the Company and its Subsidiaries taken as a whole, (ii) the legality or enforceability of any of the Transaction Documents or (iii) the ability of the Company to perform its
obligations under the Transaction Documents. 
 “Material Contract” means any contract, instrument or other agreement to
which the Company is a party or by which it is bound which is material to the business of the Company, including those that have been filed or were required to have been filed as an exhibit to the SEC Filings pursuant to Item 601(b)(10) of
Regulation S-K. 
 “Nasdaq” means The Nasdaq Global Select Market. 

“Person” means an individual, corporation, partnership, limited liability company, trust, business trust, association, joint
stock company, joint venture, sole proprietorship, unincorporated organization, governmental authority or any other form of entity not specifically listed herein. 

“Placement Agents” means Chardan Capital Markets LLC and Evercore Group L.L.C. 

“Press Release” has the meaning set forth in Section 9.7. 

“Registration Rights Agreement” has the meaning set forth in the Recitals. 

  
 2 

 “Required Investors” has the meaning set forth in the Registration Rights
Agreement. 
 “SEC” means the United States Securities and Exchange Commission. 

“SEC Filings” has the meaning set forth in Section 4.3. 

“Shares” has the meaning set forth in the Recitals. 

“Short Sales” means all “short sales” as defined in Rule 200 of Regulation SHO under the 1934 Act (but shall not be
deemed to include the location and/or reservation of borrowable Ordinary Shares). 
 “Subscription Amount” means, as to an
Investor, the aggregate amount to be paid for the Shares purchased hereunder as specified opposite such Investor’s name on Exhibit A attached hereto, under the column entitled “Aggregate Purchase Price of Shares,” in U.S.
Dollars and in immediately available funds. 
 “Subsidiary” of any Person means another Person, an amount of the voting
securities, other voting ownership or voting partnership interests of which is sufficient to elect at least a majority of its Board of Directors or other governing body (or, if there are no such voting interests, 50% or more of the equity interests
of which) is owned directly or indirectly by such first Person. 
 “Trading Day” means a day on which Nasdaq is open for
trading. 
 “Transfer Agent” has the meaning set forth in Section 7.7. 

“Transaction Documents” means this Agreement and the Registration Rights Agreement. 

“USPTO” has the meaning set forth in Section 4.16(a). 

“1933 Act” has the meaning set forth in the Recitals. 

“1934 Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated thereunder. 
 2.    Purchase and Sale of the Shares. On the Closing Date, upon the terms and subject
to the conditions set forth herein, the Company will issue and sell, and the Investors will purchase, severally and not jointly, the number of Shares set forth opposite the name of such Investor under the heading “Number of Shares to be
Purchased” on Exhibit A attached hereto at a price per Share equal to $13.80. 
 3.    Closing. 

3.1.    Upon the satisfaction of the conditions set forth in Section 6, the completion of the
purchase and sale of the Shares (the “Closing”) shall occur remotely via exchange of documents and signatures at a time (the “Closing Date”) to be agreed to by the Company and the Investors, but in no event later than the third
Trading Day after the date hereof, and of which the Investors will be notified in advance by the Placement Agents. 

  
 3 

 3.2.    On the Closing Date, each Investor shall deliver or cause to be
delivered to the Company the Subscription Amount via wire transfer of immediately available funds pursuant to the wire instructions delivered to such Investor by the Company on or prior to the Closing Date. 

3.3.    At or before the Closing, the Company shall deliver or cause to be delivered to each Investor a number of Shares,
registered in the name of the Investor, in the amount set forth opposite the name of such Investor under the heading “Number of Shares to be Purchased” on Exhibit A attached hereto. 

4.    Representations and Warranties of the Company. The Company hereby represents and warrants to the Investors
that, except as set forth in the schedules delivered herewith (the “Disclosure Schedules”) and except as described in the SEC Filings, which qualify these representations and warranties in their entirety: 

4.1.    Organization, Good Standing and Qualification. The Company is a corporation duly organized, validly existing
and in good standing under the laws of the jurisdiction of its incorporation and has all requisite corporate power and authority to carry on its business as now conducted and to own or lease its properties. The Company is duly qualified to do
business as a foreign corporation and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or leasing necessary unless the failure to so qualify has not had
and could not reasonably be expected to have a Material Adverse Effect. Each of the Company’s “Subsidiaries” (for purposes of this Agreement, as defined in Rule 405 under the 1933 Act) has been duly incorporated or organized, as the
case may be, and is validly existing as a corporation, partnership or limited liability company, as applicable, in good standing under the laws of the jurisdiction of its incorporation or organization and has the power and authority (corporate or
other) to carry on its business as now conducted and to own or lease its properties. Each of the Company’s Subsidiaries is duly qualified as a foreign corporation, partnership or limited liability company, as applicable, to transact business
and is in good standing in each jurisdiction in which the conduct of its business or its ownership or leasing of property makes such qualification or leasing necessary unless the failure to so qualify has not had and could not reasonably be expected
to have a Material Adverse Effect. All of the issued and outstanding capital stock or other equity or ownership interests of each of the Company’s Subsidiaries have been duly authorized and validly issued, are fully paid and nonassessable and
are owned by the Company, directly or through Subsidiaries, free and clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim. 

4.2.    Authorization. The Company has the requisite corporate power and authority and has taken all requisite
corporate action necessary for, and no further action on the part of the Company, its officers, directors and shareholders is necessary for, (i) the authorization, execution and delivery of the Transaction Documents, (ii) the authorization
of the performance of all obligations of the Company hereunder or thereunder, and (iii) the authorization, issuance (or reservation for issuance) and delivery of the Shares. The Transaction 

  
 4 

 
Documents constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their terms, subject to bankruptcy, insolvency, fraudulent
transfer, reorganization, moratorium and similar laws of general applicability, relating to or affecting creditors’ rights generally and to general equitable principles. 

4.3.    Capitalization. Schedule 4.3 sets forth as of the date hereof (a) the
authorized capital stock of the Company; (b) the number of shares of capital stock issued and outstanding; (c) the number of shares of capital stock issuable pursuant to the Company’s stock plans; and (d) the number of shares of
capital stock issuable and reserved for issuance pursuant to securities (other than the Shares) exercisable for, or convertible into or exchangeable for any shares of capital stock of the Company. All of the issued and outstanding shares of the
Company’s capital stock have been duly authorized and validly issued and are fully paid, nonassessable and none of such shares were issued in violation of any pre-emptive rights and such shares were
issued in compliance in all material respects with applicable Cayman Islands, state and federal securities law and any rights of third parties. Except as described on Schedule 4.3 or as described in the IPO Registration Statement and the
Company’s filings pursuant to the 1934 Act (collectively, the “SEC Filings”), no Person is entitled to pre-emptive or similar statutory or contractual rights with respect to the issuance
by the Company of any securities of the Company. Except as described on Schedule 4.3 or as described in the SEC filings, there are no outstanding warrants, options, convertible securities or other rights, agreements or
arrangements of any character under which the Company is or may be obligated to issue any equity securities of any kind and except as contemplated by this Agreement. Except as described on Schedule 4.3 or as described in
the SEC filings and except for the Registration Rights Agreement, there are no voting agreements, buy-sell agreements, option or right of first purchase agreements or other agreements of any kind among the
Company and any of the securityholders of the Company relating to the securities of the Company held by them. Except as described on Schedule 4.3 or as described in the SEC filings and except as provided in the Registration
Rights Agreement, no Person has the right to require the Company to register any securities of the Company under the 1933 Act, whether on a demand basis or in connection with the registration of securities of the Company for its own account or for
the account of any other Person. 
 The issuance and sale of the Shares hereunder will not obligate the Company to issue Ordinary Shares or
other securities to any other Person (other than the Investors) and will not result in the adjustment of the exercise, conversion, exchange or reset price of any outstanding security. 

The Company does not have outstanding shareholder purchase rights or “poison pill” or any similar arrangement in effect giving any
Person the right to purchase any equity interest in the Company upon the occurrence of certain events. 

4.4.    Valid Issuance. The Shares have been duly and validly authorized and, when issued and paid for pursuant to
this Agreement, will be validly issued, fully paid and nonassessable, and shall be free and clear of all encumbrances and restrictions (other than those created by the Investors), except for restrictions on transfer set forth in the Transaction
Documents or imposed by applicable securities laws. 

  
 5 

 4.5.    Consents. The execution, delivery and performance by the
Company of the Transaction Documents and the offer, issuance and sale of the Shares require no consent of, action by or in respect of, or filing with, any Person, governmental body, agency, or official other than (a) filings that have been made
pursuant to applicable state securities laws, (b) post-sale filings pursuant to applicable state and federal securities laws, (c) filings pursuant to the rules and regulations of Nasdaq and (d) the filing of the registration statement
required to be filed by the Registration Rights Agreement, each of which the Company has filed or undertakes to file within the applicable time. Subject to the accuracy of the representations and warranties of each Investor set forth in
Section 5 hereof, the Company has taken all action necessary to exempt (i) the issuance and sale of the Shares and (ii) the other transactions contemplated by the Transaction Documents from the provisions of any shareholder rights
plan or other “poison pill” arrangement, any anti-takeover, business combination or control share law or statute binding on the Company or to which the Company or any of its assets and properties is subject that is or could reasonably be
expected to become applicable to the Investors as a result of the transactions contemplated hereby, including without limitation, the issuance of the Shares and the ownership, disposition or voting of the Shares by the Investors or the exercise of
any right granted to the Investors pursuant to this Agreement or the other Transaction Documents. 
 4.6.    Delivery
of SEC Filings; Business. The Company has made available to the Investors through the Electronic Data Gathering, Analysis, and Retrieval system (the “EDGAR system”), true and complete copies of the SEC Filings. The Company has made all
filings required to be made pursuant to the 1934 Act. The Company is engaged in all material respects only in the business described in the SEC Filings and the SEC Filings contain a complete and accurate description in all material respects of the
business of the Company. 
 4.7.    Use of Proceeds. The net proceeds of the sale of the Shares hereunder shall be
used by the Company for working capital and general corporate purposes. 
 4.8.    No Material Adverse Change.
Since September 30, 2018, except as specifically set forth in a subsequent SEC Filing filed at least one Trading Day prior to the date hereof, (i) there has not been any event, occurrence, development or condition of any character that has
had or would reasonably be expected to have a Material Adverse Effect; (ii) there have not been any changes in the authorized capital, assets, liabilities, financial condition, business, Material Contracts or operations of the Company and its
Subsidiaries, taken as a whole, from that reflected in the consolidated financial statements of the Company and its Subsidiaries, except for any such changes in the ordinary course of business which have not had or would not reasonably be expected
to have a Material Adverse Effect and (iii) the Company has not declared or made any dividend or distribution of cash or other property to its stockholders. No material event, liability, fact, circumstance, occurrence or development has
occurred or exists, or is reasonably expected to occur or exist, with respect to the Company or its Subsidiaries or their respective businesses, properties, operations, assets or financial condition that would be required to be disclosed by the
Company under applicable Law that has not been publicly disclosed. Since September 30, 2018, the Company has not admitted in writing its inability to pay its debts generally as they become due, filed or consented to the filing against it of a
petition in bankruptcy or a petition to take advantage of any insolvency act, made an assignment for the benefit of creditors, consented to the appointment of a receiver for itself or for the whole or any substantial part of its property, or had a
petition in bankruptcy filed against it, been adjudicated a bankrupt, or filed a petition or answer seeking reorganization or arrangement under the federal bankruptcy laws or any other laws of the United States or any other jurisdiction. 

  
 6 

 4.9.    SEC Filings. 

(a)    The Company has timely filed all reports, schedules, forms, statements and other documents required to be filed by
the Company under 1933 Act and the 1934 Act, including pursuant to Section 13(a) or 15(d) of the 1934 Act, for the one year preceding the date hereof (or such shorter period as the Company was required by law or regulation to
file such material). At the time of filing thereof, such SEC Filings complied as to form in all material respects with the requirements of the 1933 Act or 1934 Act, as applicable, and, as of their respective dates, did not contain any untrue
statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which they were made, not misleading. As of the date of
this Agreement, there are no outstanding or unresolved comments in comment letters received from the SEC or its staff. 

(b)    Each prospectus filed pursuant to Rule 424(b) under the 1933 Act, as of its issue date and as of the closing of any
sale of securities pursuant thereto, did not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the
circumstances under which they were made, not misleading. 
 4.10.    No Conflict, Breach, Violation or Default.
The execution, delivery and performance of the Transaction Documents by the Company and the issuance and sale of the Shares in accordance with the provisions thereof will not (i) conflict with or result in a breach or violation of (a) any
of the terms and provisions of, or constitute a default under, the Company’s Articles of Association, both as in effect on the date hereof (true and complete copies of which have been made available to the Investors through the EDGAR system),
or (b) assuming the accuracy of the representations and warranties in Section 5, any applicable statute, rule, regulation or order of any governmental agency or body or any court, domestic or foreign, having jurisdiction over the Company
or its Subsidiaries, or any of their assets or properties, or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default) under, result in the creation of any lien, encumbrance or
other adverse claim upon any of the properties or assets of the Company or its Subsidiaries or give to others any rights of termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any Material
Contract, except, in the case of clauses (i)(b) and (ii) only, for such violations, conflicts or defaults as have not and would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. This Section does
not relate to matters with respect to tax status, which are the subject of Section 4.12, and environmental laws, which are the subject of Section 4.16. 

4.11.    Compliance. The Company is not (i) in default under or in violation of (and no event has occurred
that has not been waived that, with notice or lapse of time or both, would result in a default by the Company under), nor has the Company received notice of a claim that it is in default under or that it is in violation of, any indenture, loan or
credit agreement or any other agreement or instrument to which it is a party or by which it or any of its properties 

  
 7 

 
is bound (whether or not such default or violation has been waived), (ii) in violation of any judgment, decree or order of any court, arbitrator or governmental body or (iii) in
violation of any statute, rule, ordinance or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws relating to taxes, environmental protection, occupational health and safety, product
quality and safety and employment and labor matters, except in each case as could not have or reasonably be expected to result in a Material Adverse Effect. 

4.12.    Tax Matters. The Company and its Subsidiaries have filed all tax returns required to have been filed by the
Company or its Subsidiaries with all appropriate governmental agencies and have paid all taxes shown thereon or otherwise owed by them. The Company has made adequate charges, accruals and reserves in the applicable financial statements referred to
in Section 4.18 below in respect of all federal, state and foreign income and franchise taxes for all periods as to which the tax liability of the Company or its Subsidiaries has not been finally determined, except to the extent of any
inadequacy that would not reasonably be expected to result in a Material Adverse Effect. There are no material tax liens or claims pending, or to the Company’s Knowledge, threatened against the Company or any of its Subsidiaries or any of their
respective material assets or properties. 
 4.13.    Title to Properties. Except as disclosed in the SEC Filings,
the Company and its Subsidiaries have good and marketable title to all real properties and all other properties and assets owned by them, in each case free from liens, encumbrances and defects, except such as would not reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect; and except as disclosed in the SEC Filings, the Company and its Subsidiaries hold any leased real or personal property under valid, subsisting and enforceable leases with which the
Company and its Subsidiaries are in compliance and with no exceptions, except such as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

4.14.    Certificates, Authorities and Permits. The Company and its Subsidiaries possess adequate certificates,
authorities or permits issued by appropriate governmental agencies or bodies necessary to conduct the business now operated by them, except where failure to so possess would not reasonably be expected to, individually or in the aggregate, result in
a Material Adverse Effect. The Company and its Subsidiaries have not received any notice of proceedings relating to the revocation or modification of any such certificate, authority or permit that, if determined adversely to the Company or its
Subsidiaries, would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 

4.15.    Intellectual Property. Except as expressly contemplated by the SEC Filings, the Company and its
Subsidiaries own, possess, license or have other rights to use, the patents and patent applications, copyrights, trademarks, service marks, trade names, service names and trade secrets described in the SEC Filings as necessary or material for use in
connection with its business and which the failure to so have would have or reasonably be expected to result in a Material Adverse Effect (collectively, the “Intellectual Property Rights”). There is no pending or, to the Company’s
Knowledge, threatened action, suit, proceeding or claim by any Person that the Company’s business or the business of its Subsidiaries as now conducted infringes or otherwise violates any patent, trademark, copyright, trade secret or other

  
 8 

 
proprietary rights of another. To the Company’s Knowledge, there is no existing infringement by another Person of any of the Intellectual Property Rights that would have or would reasonably
be expected to have a Material Adverse Effect. The Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all of its Intellectual Property Rights, except where failure to do so would
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. All material licenses or other material agreements under which the Company is granted Intellectual Property Rights are in full force and effect and, to
the Company’s knowledge, there is no material default by any other party thereto, except as would not reasonably be expected to have a Material Adverse Effect. The Company has no reason to believe that the licensors under such licenses and
other agreements do not have and did not have all requisite power and authority to grant the rights to the Intellectual Property Rights purported to be granted thereby. The consummation of the transactions contemplated hereby and by the other
Transaction Documents will not result in the alteration, loss, impairment of or restriction on the Company’s or any of its Subsidiaries’ ownership or right to use any Intellectual Property Rights that is material to the conduct of the
Company’s business as currently conducted. 
 4.16.    Environmental Matters. Except as would not reasonably
be expected, individually or in the aggregate, to have a Material Adverse Effect, neither the Company nor any of its Subsidiaries is in violation of any statute, rule, regulation, decision or order of any governmental agency or body or any court,
domestic or foreign, relating to the use, disposal or release of hazardous or toxic substances or relating to the protection or restoration of the environment or human exposure to hazardous or toxic substances (collectively, “Environmental
Laws”), has released any hazardous substances regulated by Environmental Law on to any real property that it owns or operates, or has received any written notice or claim it is liable for any off-site
disposal or contamination pursuant to any Environmental Laws; and to the Company’s Knowledge, there is no pending or threatened investigation that would reasonably be expected to lead to such a claim. 

4.17.    Legal Proceedings. Except as described in the SEC Filings, there are no legal, governmental or regulatory
investigations, actions, suits or proceedings pending to which the Company or any of its Subsidiaries is or may reasonably be expected to become a party or to which any property of the Company is or may reasonably be expected to become the subject
that, individually or in the aggregate, if determined adversely to the Company or its Subsidiaries, could (i) reasonably be expected to have a Material Adverse Effect or (ii) adversely affect or challenge the legality, validity or
enforceability of the Transaction Documents. Neither the Company nor any of its Subsidiaries, nor, to the Company’s Knowledge, any director or officer thereof, is or has been the subject of any action involving a judicially filed claim of
violation of or liability under U.S. federal, state or foreign securities laws or a judicially filed claim of breach of fiduciary duty. There has not been, and to the Company’s Knowledge, there is not pending or threatened, any investigation by
the SEC involving the Company or any current or former director or officer of the Company. The SEC has not issued any stop order or other order suspending the effectiveness of any registration statement filed by the Company or any of its
Subsidiaries under the 1933 Act or the 1934 Act.  

  
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 4.18.    Financial Statements. The financial statements included
in each SEC Filing comply in all material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of filing (or to the extent corrected by a subsequent restatement) and
present fairly, in all material respects, the financial position of the Company as of the dates shown and its results of operations and cash flows for the periods shown, subject in the case of unaudited financial statements to normal, immaterial year-end audit adjustments, and such financial statements have been prepared in conformity with United States generally accepted accounting principles applied on a consistent basis during the periods involved
(“GAAP”) (except as may be disclosed therein or in the notes thereto, and except that the unaudited financial statements may not contain all footnotes required by GAAP, and, in the case of quarterly financial statements, as permitted by
Form 10-Q under the 1934 Act). 
 4.19.    Compliance with Nasdaq Continued
Listing Requirements. The Company is in compliance with applicable Nasdaq continued listing requirements. There are no proceedings pending or, to the Company’s Knowledge, threatened against the Company relating to the continued listing of
the Ordinary Shares on Nasdaq and the Company has not received any notice of, nor to the Company’s Knowledge is there any reasonable basis for, the delisting of the Ordinary Shares from Nasdaq. 

4.20.    Brokers and Finders. Other than the Placement Agents, no Person will have, as a result of the transactions
contemplated by the Transaction Documents, any valid right, interest or claim against or upon the Company or an Investor for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by or on
behalf of the Company. No Investor shall have any obligation with respect to any fees, or with respect to any claims made by or on behalf of other Persons for fees, in each case of the type contemplated by this Section 4.20 that may be due in
connection with the transactions contemplated by this Agreement or the Transaction Documents. 
 4.21.    No Directed
Selling Efforts or General Solicitation. Neither the Company nor any of its Subsidiaries nor any Person acting on its behalf has conducted any general solicitation or general advertising (as those terms are used in Regulation D (“Regulation
D”) promulgated under the 1933 Act) in connection with the offer or sale of any of the Shares. The Company has offered the Shares for sale only to the Investors and certain other “accredited investors” within the meaning of
Rule 501 under the 1933 Act. 
 4.22.    No Integrated Offering. Neither the Company nor any of its
subsidiaries nor any Person acting on its behalf has, directly or indirectly, made any offers or sales of any Company security or solicited any offers to buy any Company security, under circumstances that would adversely affect reliance by the
Company on Section 4(a)(2) for the exemption from registration for the transactions contemplated hereby or would require registration of the Shares under the 1933 Act. 

4.23.    Private Placement. Assuming the accuracy of the representations and warranties of the Investors set forth
in Section 5, the offer and sale of the Shares to the Investors as contemplated hereby is exempt from the registration requirements of the 1933 Act. The issuance and sale of the shares does not contravene the rules and regulations of Nasdaq.

  
 10 

 4.24.    No Unlawful Payments. Neither the Company nor any of its
Subsidiaries nor any director, officer, or employee of the Company or any of its Subsidiaries nor, to the knowledge of the Company, any agent, affiliate or other person associated with or acting on behalf of the Company or any of its Subsidiaries
has (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made or taken an act in furtherance of an offer, promise or authorization of any direct or
indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee, including of any government-owned or controlled entity or of a public international organization, or any person acting in an official
capacity for or on behalf of any of the foregoing, or any political party or party official or candidate for political office; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, or any
applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under the Bribery Act 2010 of the United Kingdom, or any other applicable
anti-bribery or anti-corruption laws; or (iv) made, offered, agreed, requested or taken an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment, kickback or
other unlawful or improper payment or benefit. The Company and its Subsidiaries have instituted, maintain and enforce, and will continue to maintain and enforce policies and procedures designed to promote and ensure compliance with all applicable
anti-bribery and anti-corruption laws. 
 4.25.    Compliance with Anti-Money Laundering Laws. The operations of
the Company and its Subsidiaries are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign Transactions Reporting Act of 1970, as amended,
the applicable money laundering statutes of all jurisdictions where the Company or any of its Subsidiaries conducts business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued,
administered or enforced by any governmental or regulatory agency (collectively, the “Anti-Money Laundering Laws”) and no action, suit or proceeding by or before any court or governmental or regulatory agency, authority or body or
any arbitrator involving the Company or any of its Subsidiaries with respect to the Anti-Money Laundering Laws is pending or, to the knowledge of the Company, threatened. 

4.26.    No Conflicts with Sanctions Laws. Neither the Company nor any of its Subsidiaries, directors, officers or
employees, nor, to the knowledge of the Company, any agent, or affiliate or other person associated with or acting on behalf of the Company or any of its Subsidiaries is currently the subject or the target of any sanctions administered or enforced
by the U.S. Government, (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State and including, without limitation, the designation as a “specially designated
national” or “blocked person”), the United Nations Security Council, the European Union, Her Majesty’s Treasury, or other relevant sanctions authority (collectively, “Sanctions”), nor is the Company or any of its
Subsidiaries located, organized or resident in a country or territory that is the subject or the target of Sanctions, including, without limitation, Cuba, Iran, North Korea, Sudan, Syria, and the Crimea Region of the Ukraine (each, a
“Sanctioned Country”); and the Company will not directly or indirectly use the proceeds of the offering of the Shares hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner
or other person 

  
 11 

 
or entity (i) to fund or facilitate any activities of or business with any person that, at the time of such funding or facilitation, is the subject or the target of Sanctions, (ii) to
fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that will result in a violation by any person (including any person participating in the transaction, whether as underwriter, advisor,
investor or otherwise) of Sanctions. For the past five years, the Company and its Subsidiaries have not knowingly engaged in and are not now knowingly engaged in any dealings or transactions with any person that at the time of the dealing or
transaction is or was the subject or the target of Sanctions or with any Sanctioned Country. 
 4.27.    Transactions
with Affiliates. Except as disclosed in the SEC Filings, none of the executive officers or directors of the Company or its Subsidiaries and, to the Company’s Knowledge, none of the employees of the Company or its Subsidiaries is presently a
party to any transaction with the Company (other than as holders of stock options and/or warrants, and for services as employees, officers and directors) that is required to be disclosed under Item 404 of Regulation
S-K under the 1933 Act. 
 4.28.    Internal Controls. The Company has
established and maintains disclosure controls and procedures (as defined in Rules 13a-15 and 15d-15 under the 1934 Act), which are designed to ensure that material
information relating to the Company, including its consolidated Subsidiaries, is made known to the Company’s principal executive officer and its principal financial officer by others within those entities. Since the end of the Company’s
most recent audited fiscal year, there have been no significant deficiencies or material weakness in the Company’s internal control over financial reporting (whether or not remediated) and no change in the Company’s internal control over
financial reporting that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. The Company is not aware of any change in its internal controls over financial reporting
that has occurred during its most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Company’s internal control over financial reporting. 

4.29.    Required Filings. Except for the transactions contemplated by this Agreement, including the acquisition of
the Shares contemplated hereby, no event or circumstance has occurred or information exists with respect to the Company or its business, properties, operations or financial condition, which, under applicable law, rule or regulation, requires public
disclosure or announcement by the Company but which has not been so publicly announced or disclosed (assuming for this purpose that the SEC Filings are being incorporated by reference into an effective registration statement filed by the Company
under the 1933 Act). 
 4.30.    Investment Company. The Company is not required to be registered as, and is not
an Affiliate of, and immediately following the Closing will not be required to register as, an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

4.31.    Tests and Preclinical and Clinical Trials. The studies, tests and preclinical and clinical trials conducted
by or, to the Company’s Knowledge, on behalf of the Company that are described in the SEC Filings were and, if still pending, are being, conducted in all material respects in accordance with the protocols submitted to the U.S. Food and Drug
Administration (the “FDA”) or any foreign governmental body exercising comparable authority, procedures and 

  
 12 

 
controls pursuant to, where applicable, accepted professional and scientific standards, and all applicable laws and regulations; the descriptions of the studies, tests and preclinical and
clinical trials conducted by or, to the Company’s Knowledge, on behalf of the Company, and the results thereof, contained in the SEC Filings are accurate and complete in all material respects; the Company is not aware of any other studies,
tests or preclinical and clinical trials, the results of which call into question the results described in the SEC Filings; and the Company has not received any notices or correspondence from the FDA, any foreign, state or local governmental body
exercising comparable authority or any Institutional Review Board requiring the termination, suspension, material modification or clinical hold of any studies, tests or preclinical or clinical trials conducted by or on behalf of the Company. 

4.32.    Labor. Neither the Company nor any of its Subsidiaries is bound by or subject to any collective bargaining
agreement or any similar agreement with any organization representing its employees. No labor problem or dispute with the employees of the Company and its Subsidiaries exists or, to the Company’s Knowledge, is threatened, and the Company is not
aware of any existing or imminent labor disturbance by the employees of any of its principal suppliers or contractors, that could have a Material Adverse Effect, whether or not arising from transactions in the ordinary course of business, except as
contemplated in the Company SEC Filings. 
 4.33.    Passive Foreign Investment Company; Controlled Foreign
Company. Neither the Company nor its Subsidiaries will be deemed to constitute a “passive foreign investment company” within the meaning of 26 USC §1297(a) or a “controlled foreign company” within the meaning of 26 USC
§957. 
 4.34.    Regulation M Compliance. The Company has not, and to the Company’s Knowledge no one
acting on its behalf has, (i) taken, directly or indirectly, any action designed to cause or to result in the stabilization or manipulation of the price of any security of the Company to facilitate the sale or resale of any of the Shares,
(ii) sold, bid for, purchased, or paid any compensation for soliciting purchases of, any of the Shares, or (iii) paid or agreed to pay to any Person any compensation for soliciting another to purchase any other securities of the Company.

 4.35.    No Disqualification Events. With respect to the Shares to be offered and sold hereunder in reliance on
Rule 506 under the 1933 Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the
Company’s outstanding voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under the 1933 Act) connected with the Company in any capacity at the time of sale (each, an
“Issuer Covered Person” and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification
Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the
extent applicable, with its disclosure obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder. 

  
 13 

 4.36.    Other Covered Persons. Other than the Placement Agents,
the Company is not aware of any person (other than any Issuer Covered Person) that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Shares. 

4.37.    Notice of Disqualification Events. The Company will notify the Investors in writing, prior to the Closing
Date of (i) any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, become a Disqualification Event relating to any Issuer Covered Person. 

4.38.    Full Disclosure. The written materials delivered to the Investors in connection with the transactions
contemplated by the Transaction Documents, when considered together with the SEC filings, do not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in light
of the circumstances under which they were made, not misleading. The Company understands and confirms that the Investors will rely on the foregoing representations in effecting transactions in securities of the Company. 

5.    Representations and Warranties of the Investors. Each of the Investors hereby severally, and not jointly,
represents and warrants to the Company that: 
 5.1.    Organization and Existence. Such Investor is a validly
existing corporation, limited partnership or limited liability company and has all requisite corporate, partnership or limited liability company power and authority to enter into and consummate the transactions contemplated by the Transaction
Documents and to carry out its obligations hereunder and thereunder, and to invest in the Shares pursuant to this Agreement. 

5.2.    Authorization. The execution, delivery and performance by such Investor of the Transaction Documents to
which such Investor is a party have been duly authorized and each has been duly executed and when delivered will constitute the valid and legally binding obligation of such Investor, enforceable against such Investor in accordance with their
respective terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general applicability, relating to or affecting creditors’ rights generally. 

5.3.    Purchase Entirely for Own Account. The Shares to be received by such Investor hereunder will be acquired for
such Investor’s own account, not as nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of the 1933 Act, and such Investor has no present intention of selling, granting any participation in, or
otherwise distributing the same in violation of the 1933 Act without prejudice, however, to such Investor’s right at all times to sell or otherwise dispose of all or any part of such Shares in compliance with applicable federal and state
securities laws. Nothing contained herein shall be deemed a representation or warranty by such Investor to hold the Shares for any period of time. Such Investor is not a broker-dealer registered with the SEC under the 1934 Act or an entity
engaged in a business that would require it to be so registered. 
 5.4.    Investment Experience. Such Investor
acknowledges that it can bear the economic risk and complete loss of its investment in the Shares and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment
contemplated hereby. 

  
 14 

 5.5.    Disclosure of Information. Such Investor has had an
opportunity to receive, review and understand all information related to the Company requested by it and to ask questions of and receive answers from the Company regarding the Company, its business and the terms and conditions of the offering of the
Shares, and has conducted and completed its own independent due diligence. Such Investor acknowledges receipt of copies of the SEC Filings. Based on the information such Investor has deemed appropriate, and without reliance upon the Placement
Agents, it has independently made its own analysis and decision to enter into the Transaction Documents. Such Investor is relying exclusively on its own sources of information, investment analysis and due diligence (including professional advice it
deems appropriate) with respect to the execution, delivery and performance of the Transaction Documents, the Shares and the business, condition (financial and otherwise), management, operations, properties and prospects of the Company, including but
not limited to all business, legal, regulatory, accounting, credit and tax matters. Neither such inquiries nor any other due diligence investigation conducted by such Investor shall modify, limit or otherwise affect such Investor’s right to
rely on the Company’s representations and warranties contained in this Agreement. 
 5.6.    Restricted
Securities. Such Investor understands that the Shares are characterized as “restricted securities” under the U.S. federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public
offering and that under such laws and applicable regulations such securities may be resold without registration under the 1933 Act only in certain limited circumstances. 

5.7.    Legends. It is understood that, except as provided below, certificates evidencing the Shares may bear the
following or any similar legend: 
 “THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND, ACCORDINGLY, MAY NOT BE TRANSFERRED UNLESS (I) SUCH SECURITIES HAVE BEEN REGISTERED FOR SALE
PURSUANT TO THE SECURITIES ACT OF 1933, AS AMENDED, (II) SUCH SECURITIES MAY BE SOLD PURSUANT TO RULE 144 OR OTHER AVAILABLE EXEMPTION, OR (III) THE COMPANY HAS RECEIVED AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO IT THAT SUCH
TRANSFER MAY LAWFULLY BE MADE WITHOUT REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED.” 
 If required by the authorities of
any state in connection with the issuance of sale of the Shares, the legend required by such state authority. 

  
 15 

 5.8.    Accredited Investor. Such Investor is (a) an
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the 1933 Act and (b) an Institutional Account as defined in FINRA Rule 4512(c) and has executed and delivered to the Company a questionnaire in
substantially the form attached hereto as Exhibit C (the “Investor Questionnaire”), which such Investor represents and warrants is true, correct and complete. Such investor is a sophisticated institutional investor with
sufficient knowledge and experience in investing in private equity transactions to properly evaluate the risks and merits of its purchase of the Shares. Such Investor has determined based on its own independent review and such professional advice as
it deems appropriate that its purchase of the Shares and participation in the transactions contemplated by the Transaction Documents (i) are fully consistent with its financial needs, objectives and condition, (ii) comply and are fully
consistent with all investment policies, guidelines and other restrictions applicable to such Investor, (iii) have been duly authorized and approved by all necessary action, (iv) do not and will not violate or constitute a default under
such Investor’s charter, bylaws or other constituent document or under any law, rule, regulation, agreement or other obligation by which such Investor is bound and (v) are a fit, proper and suitable investment for such Investor,
notwithstanding the substantial risks inherent in investing in or holding the Shares. 
 5.9.    Placement Agents.
Such Investor hereby acknowledges and agrees that (a) each Placement Agent is acting solely as placement agent in connection with the execution, delivery and performance of the Transaction Documents and is not acting as an underwriter or in any
other capacity and is not and shall not be construed as a fiduciary for such Investor, the Company or any other person or entity in connection with the execution, delivery and performance of the Transaction Documents, (b) neither of the
Placement Agents has made and will not make any representation or warranty, whether express or implied, of any kind or character and has not provided any advice or recommendation in connection with the execution, delivery and performance of the
Transaction Documents, (c) neither of the Placement Agent has any responsibility with respect to (i) any representations, warranties or agreements made by any person or entity under or in connection with the execution, delivery and
performance of the Transaction Documents, or the execution, legality, validity or enforceability (with respect to any person) thereof, or (ii) the business, affairs, financial condition, operations, properties or prospects of, or any other
matter concerning the Company, and (d) neither of the Placement Agents will have any liability or obligation (including without limitation, for or with respect to any losses, claims, damages, obligations, penalties, judgments, awards,
liabilities, costs, expenses or disbursements incurred by such Investor, the Company or any other person or entity), whether in contract, tort or otherwise, to such Investor, or to any person claiming through it, in respect of the execution,
delivery and performance of the Transaction Documents. 
 5.10.    No General Solicitation. Such Investor did not
learn of the investment in the Shares as a result of any general solicitation or general advertising. 

5.11.    Brokers and Finders. No Person will have, as a result of the transactions contemplated by the Transaction
Documents, any valid right, interest or claim against or upon the Company or an Investor for any commission, fee or other compensation pursuant to any agreement, arrangement or understanding entered into by or on behalf of such Investor. 

  
 16 

 5.12.    Short Sales and Confidentiality Prior to the Date
Hereof. Other than consummating the transactions contemplated hereunder, such Investor has not, nor has any Person acting on behalf of or pursuant to any understanding with such Investor, directly or indirectly executed any purchases or sales,
including Short Sales, of the securities of the Company during the period commencing as of the time that such Investor was first contacted by the Company, the Placement Agents or any other Person regarding the transactions contemplated hereby
and ending immediately prior to the date hereof. Notwithstanding the foregoing, in the case of an Investor that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Investor’s assets
and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Investor’s assets, the representation set forth above shall only apply with respect to the portion of
assets managed by the portfolio manager that made the investment decision to purchase the Shares covered by this Agreement. Other than to other Persons party to this Agreement and their respective authorized representatives and advisors, such
Investor has maintained the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction). Notwithstanding the foregoing, for avoidance of doubt, nothing contained herein
shall constitute a representation or warranty, or preclude any actions, with respect to the identification of the availability of, or securing of, available shares to borrow in order to effect Short Sales or similar transactions in the future. 

5.13.    No Government Recommendation or Approval. Such Investor understands that no United States federal or state
agency, or similar agency of any other country, has reviewed, approved, passed upon, or made any recommendation or endorsement of the Company or the purchase of the Shares. 

5.14.    No Intent to Effect a Change of Control; Ownership. Such Investor has no present intent to effect a
“change of control” of the Company as such term is understood under the rules promulgated pursuant to Section 13(d) of the 1934 Act and under the rules of Nasdaq. Except as set forth in its selling shareholder questionnaire that has
been has executed and delivered to the Company in substantially the form attached hereto as Exhibit D (the “Selling Shareholder Questionnaire”), which such Investor represents and warrants is true, correct and complete, as of
the date hereof, neither the Investor nor any of its Affiliates is the owner of record or the beneficial owner of Ordinary Shares or securities convertible into or exchangeable for Ordinary Shares. 

5.15.    No Conflicts. The execution, delivery and performance by such Investor of the Transaction Documents and the
consummation by such Investor of the transactions contemplated hereby and thereby will not (i) result in a violation of the organizational documents of such Investor or (ii) conflict with, or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture or instrument to which such Investor is a party, or (iii) to such
Investor’s knowledge, result in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities laws) applicable to such Investor, except in the case of clauses (ii) and (iii) above, for such
conflicts, defaults, rights or violations which would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of such Investor to perform its obligations hereunder.  

  
 17 

 5.16.    No Rule 506 Disqualifying Activities. Such Investor has
not taken any of the actions set forth in, and is not subject to, the disqualification provisions of Rule 506(d)(1) of the 1933 Act. 

5.17.    Residency. Such Investor is a resident of the jurisdiction specified below its address on the Schedule of
Investors. 
 The Company acknowledges and agrees that the representations contained in this Section 5 shall not modify, amend or
affect such Investor’s right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties contained in any other Transaction Document or any other document or instrument executed
and/or delivered in connection with this Agreement or the consummation of the transactions contemplated hereby. 

6.    Conditions to Closing. 

6.1.    Conditions to the Investors’ Obligations. The obligation of each Investor to purchase Shares at the
Closing is subject to the fulfillment to such Investor’s satisfaction, on or prior to the Closing Date, of the following conditions, any of which may be waived by such Investor (as to itself only): 

(a)    The representations and warranties made by the Company in Section 4 hereof shall be true and correct in all
material respects (or to the extent representations or warranties are qualified by materiality or Material Adverse Effect, in all respects) as of the date hereof and on the Closing Date, except to the extent any such representation or warranty
expressly speaks as of an earlier date, in which case such representation or warranty shall be true and correct as of such earlier date. The Company shall have performed in all material respects all obligations and covenants herein required to be
performed by it on or prior to the Closing Date. 
 (b)    The Company shall have obtained any and all consents, permits,
approvals, registrations and waivers necessary for consummation of the purchase and sale of the Shares and the consummation of the other transactions contemplated by the Transaction Documents, all of which shall be in full force and effect. 

(c)    The Company shall have executed and delivered the Registration Rights Agreement. 

(d)    The Company shall have filed with Nasdaq a Notification Form: Listing of Additional Shares for the listing of the
Shares, a copy of which shall have been provided to the Investors. 
 (e)    No judgment, writ, order, injunction, award
or decree of or by any court, or judge, justice or magistrate, including any bankruptcy court or judge, or any order of or by any governmental authority, shall have been issued, and no action or proceeding shall have been instituted by any
governmental authority, enjoining or preventing the consummation of the transactions contemplated hereby or in the other Transaction Documents. 

  
 18 

 (f)    There shall have been no Material Adverse Effect with respect to
the Company since the date hereof. 
 (g)    The Company shall have delivered to the Investors a Certificate, executed on
behalf of the Company by its Chief Executive Officer or its Chief Financial Officer, dated as of the Closing Date, certifying to the fulfillment of the conditions specified in subsections (a), (b), (d), (e), (f) and (j) of this
Section 6.1. 
 (h)    The Company shall have delivered to the Investors a Certificate, executed on behalf of the
Company by its Chief Operating Officer, dated as of the Closing Date, certifying the resolutions adopted by the Board of Directors of the Company approving the transactions contemplated by this Agreement and the other Transaction Documents and the
issuance of the Shares, certifying the current versions of the Articles of Association of the Company and certifying as to the signatures and authority of persons signing the Transaction Documents and related documents on behalf of the Company. 

(i)    The Investors shall have received an opinion from each of Latham & Watkins LLP, United States counsel for
the Company, and Walkers, Cayman Islands counsel for the Company, and dated as of the Closing Date, in form and substance reasonably acceptable to the Placement Agents and the Investors and addressing such legal matters as the Investors may
reasonably request. 
 (j)    No stop order or suspension of trading shall have been imposed by Nasdaq, the SEC or any
other governmental or regulatory body with respect to public trading in the Ordinary Shares. 
 (k)    The Company’s
directors and officers shall have executed and delivered customary “lock-up” agreements for a period of 90 days, in form and substance reasonably acceptable to the Investors and the Placement Agents.

 6.2.    Conditions to Obligations of the Company. The Company’s obligation to sell and issue Shares at the
Closing is subject to the fulfillment to the satisfaction of the Company on or prior to the Closing Date of the following conditions, any of which may be waived by the Company: 

(a)    The representations and warranties made by the Investors in Section 5 hereof shall be true and correct in all
material respects when made, and shall be true and correct in all material respects on the Closing Date with the same force and effect as if they had been made on and as of said date. The Investors shall have performed in all material respects all
obligations and covenants herein required to be performed by them on or prior to the Closing Date. 
 (b)    Each
Investor shall have executed and delivered the Registration Rights Agreement, an Investor Questionnaire and a Selling Shareholder Questionnaire. 

  
 19 

 (c)    Any Investor purchasing Shares at the Closing shall have paid in
full its Subscription Amount to the Company. 
 6.3.    Termination of Obligations to Effect Closing; Effects.

 (a)    The obligations of the Company, on the one hand, and the Investors, on the other hand, to effect the Closing
shall terminate as follows: 
 (i)    Upon the mutual written consent of the Company and Investors that agreed to
purchase 55% of the Shares to be issued and sold pursuant to this Agreement; 
 (ii)    By the Company if any of the
conditions set forth in Section 6.2 shall have become incapable of fulfillment, and shall not have been waived by the Company; or 

(iii)    By an Investor (with respect to itself only) if any of the conditions set forth in Section 6.1 shall have
become incapable of fulfillment, and shall not have been waived by the Investor; 
 provided, however, that, except in the case of clause (i) above,
the party seeking to terminate its obligation to effect the Closing shall not then be in breach of any of its representations, warranties, covenants or agreements contained in this Agreement or the other Transaction Documents if such breach has
resulted in the circumstances giving rise to such party’s seeking to terminate its obligation to effect the Closing. 

(b) In the event of termination by the Company or any Investor of its obligations to effect the Closing pursuant to this
Section 6.3, written notice thereof shall be given to the other Investors by the Company and the other Investors shall have the right to terminate their obligations to effect the Closing upon written notice to the Company and the other
Investors. Nothing in this Section 6.3 shall be deemed to release any party from any liability for any breach by such party of the terms and provisions of this Agreement or the other Transaction Documents or to impair the right of any party to
compel specific performance by any other party of its obligations under this Agreement or the other Transaction Documents. 

7.    Covenants and Agreements of the Company. 

7.1.    Reports. The Company will furnish to the Investors and/or their assignees such information relating to the
Company as from time to time may reasonably be requested by the Investors and/or their assignees; provided, however, that the Company shall not disclose material nonpublic information to the Investors, or to advisors to or representatives of the
Investors, unless prior to disclosure of such information the Company identifies such information as being material nonpublic information and provides the Investors, such advisors and representatives with the opportunity to accept or refuse to
accept such material nonpublic information for review and any Investor wishing to obtain such information enters into an appropriate confidentiality agreement with the Company with respect thereto. 

  
 20 

 7.2.    No Conflicting Agreements. The Company will not take any
action, enter into any agreement or make any commitment that would conflict or interfere in any material respect with the Company’s obligations to the Investors under the Transaction Documents. 

7.3.     Form D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Shares as required
under Regulation D and to provide a copy thereof, promptly upon request of an Investor. The Company shall take such action as the Company shall reasonably determine is necessary in order to obtain an exemption for, or to qualify the Shares for, sale
to each Investor at the Closing under applicable securities or “Blue Sky” laws of the states of the United States, and shall provide evidence of such actions promptly upon request of such Investor. 

7.4.    Reporting Status. The Company shall timely file all reports required to be filed with the SEC pursuant to
the 1934 Act, and the Company shall not terminate its status as an issuer required to file reports under the 1934 Act even if the 1934 Act or the rules and regulations thereunder would otherwise permit such termination. 

7.5.    Compliance with Laws. The Company will comply in all material respects with all applicable laws, rules,
regulations, orders and decrees of all governmental authorities. 
 7.6.    Nasdaq Listing. The Company will use
commercially reasonable efforts to continue the listing and trading of its Ordinary Shares on Nasdaq and, in accordance, therewith, will use commercially reasonable efforts to comply in all respects with the Company’s reporting, filing and
other obligations under the bylaws or rules of such market or exchange, as applicable. 
 7.7.    Termination of
Covenants. The provisions of Sections 7.1 through 7.5 shall terminate and be of no further force and effect on the date on which the Company’s obligations under the Registration Rights Agreement to register or maintain the
effectiveness of any registration covering the Registrable Securities (as such term is defined in the Registration Rights Agreement) shall terminate. 

7.8.    Removal of Legends. In connection with any sale or disposition of the Shares by an Investor pursuant to
Rule 144 or pursuant to any other exemption under the 1933 Act such that the purchaser acquires freely tradable shares and upon compliance by the Investor with the requirements of this Agreement, if requested by the Investor, the Company shall
cause the transfer agent for the Ordinary Shares (the “Transfer Agent”) to timely remove any restrictive legends related to the book entry account holding such Shares and make a new, unlegended entry for such book entry Shares sold or
disposed of without restrictive legends, provided that the Company has received customary representations and other documentation reasonably acceptable to the Company in connection therewith. Subject to receipt by the Company of customary
representations and other documentation reasonably acceptable to the Company in connection therewith, upon the earlier of such time as the Shares (i) have been registered under the 1933 Act pursuant to an effective registration statement,
(ii) have been sold pursuant to Rule 144, or (iii) are eligible for resale under Rule 144(b)(1) or any successor provision, the Company shall (A) deliver to the Transfer Agent irrevocable instructions that the Transfer Agent

  
 21 

 
shall make a new, unlegended entry for such book entry Shares, and (B) cause its counsel to deliver to the Transfer Agent one or more opinions to the effect that the removal of such legends
in such circumstances may be effected under the 1933 Act. The Company shall be responsible for the fees of its Transfer Agent and all DTC fees associated with such issuance. 

7.9.    Subsequent Equity Sales. 

(a)    From the date hereof until ninety (90) days after the Closing Date, without the consent of the Required
Investors, the Company shall not (A) issue Ordinary Shares or Ordinary Shares Equivalents or (B) file with the SEC a registration statement under the 1933 Act relating to any Ordinary Shares or Ordinary Share Equivalents except pursuant to
the terms of agreements to which the Company is currently a party. Notwithstanding the foregoing, the provisions of this Section 7.8(a) shall not apply to (i) the issuance of the Shares hereunder, (ii) the issuance of Ordinary Shares
or Ordinary Shares Equivalents upon the conversion or exercise of any securities of the Company outstanding on the date hereof or outstanding pursuant to clause (iii) or (iv) below, (iii) the issuance of any Ordinary Shares or Ordinary
Shares Equivalents pursuant to any Company stock-based compensation plans duly adopted for such purpose, by a majority of the non-employee members of the Board of Directors or a majority of the members of a
committee of non-employee directors established for such purpose for services rendered to the Company, (iv) the filing of a registration statement on Form S-8 under
the Securities Act to register the offer and sale of securities on a newly adopted stock-based compensation plan or (v) the issuance of any Ordinary Shares or Ordinary Shares Equivalents in connection with a transaction with an unaffiliated
third party that includes a bona fide commercial relationship with the Company (including any joint venture, marketing or distribution arrangement, strategic alliance, collaboration agreement or corporate partnering, intellectual property license
agreement or acquisition agreement with the Company); provided, however, that the aggregate number of Ordinary Shares issued pursuant to clause (v) during the ninety (90) day restricted period shall not exceed 10% of the total number of
Ordinary Shares issued and outstanding immediately following the Closing. 
 (b)    The Company shall not, and shall use
its commercially reasonable efforts to ensure that no Affiliate of the Company shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security (as defined in Section 2 of the 1933 Act) that will be
integrated with the offer or sale of the Shares in a manner that would require the registration under the 1933 Act of the sale of the Shares to the Investors, or that will be integrated with the offer or sale of the Shares for purposes of the rules
and regulations of any trading market such that it would require shareholder approval prior to the closing of such other transaction unless shareholder approval is obtained before the closing of such subsequent transaction. 

7.10.    Fees. The Company shall be responsible for the payment of any placement agent fees, financial advisory
fees, or broker’s commissions (other than for Persons engaged by any Investor) relating to or arising out of the transactions contemplated hereby, including, without limitation, any fees or commissions payable to the Placement Agents. 

7.11.    Short Sales and Confidentiality After the Date Hereof. Each Investor covenants that neither it nor any
Affiliates acting on its behalf or pursuant to any understanding with it will execute any Short Sales during the period from the date hereof until the earlier of 

  
 22 

 
such time as (i) after the transactions contemplated by this Agreement are first publicly announced or (ii) this Agreement is terminated in full. Each Investor covenants that until such
time as the transactions contemplated by this Agreement are publicly disclosed by the Company, such Investor will maintain the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of
this transaction). Each Investor understands and acknowledges that the SEC currently takes the position that coverage of short sales of shares of the Ordinary Shares “against the box” prior to effectiveness of a resale registration
statement with securities included in such registration statement would be a violation of Section 5 of the 1933 Act, as set forth in Item 239.10 of the 1933 Act Rules Compliance and Disclosure Interpretations compiled by the Office of Chief
Counsel, Division of Corporation Finance. 
 7.12.    Passive Foreign Investment Company; Controlled Foreign
Corporation. Not later than forty-five (45) days after the end of Company’s fiscal year, the Company will determine whether it and each of its Subsidiaries constitutes a “passive foreign investment company” (a
“PFIC”) or a “controlled foreign corporation” (a “CFC”) as defined for U.S. tax purposes for such fiscal year and if Company determines it is a PFIC or CFC, will so advise each Investor. For each fiscal year of the
Company, commencing with the first fiscal year for which it is determined to be a PFIC, the Company and each of its Subsidiaries shall no later than ninety (90) days after the end of such fiscal year, furnish each Investor with all information
necessary for them to make a qualified electing fund (“QEF”) election, including (i) a PFIC Annual Information Statement under Section 1295(b) of the U.S. Internal Revenue Code, as amended (the “Code”) and (ii) all
information necessary for it to complete IRS Form 8621 (or a successor form). All information shall be provided in English. The Company will obtain the advice of one of the “big four” accounting firms to make the determinations and provide
the information and statements as described in this paragraph. 
 8.    Survival and Indemnification. 

8.1.    Survival. The representations, warranties, covenants and agreements contained in this Agreement shall
survive the Closing of the transactions contemplated by this Agreement for the applicable statute of limitations. 

8.2.    Indemnification. The Company agrees to indemnify and hold harmless each Investor and its Affiliates and
their respective directors, officers, trustees, members, managers, employees and agents, and their respective successors and assigns, from and against any and all losses, claims, damages, liabilities and expenses, including without limitation
reasonable attorney fees and disbursements and other expenses reasonably incurred in connection with investigating, preparing or defending any action, claim or proceeding, pending or threatened and the costs of enforcement thereof (collectively,
“Losses”), to which such Person may become subject as a result of or relating to (a) any breach of representation, warranty, covenant or agreement made by or to be performed on the part of the Company under the Transaction Documents
or (b) any action instituted against the Investor or its Affiliates by any stockholder of the Company who is not an Affiliate of such Investor, with respect to any of the transactions contemplated by the Transaction Documents (unless such
action is based upon a breach of such Investor’s representations, warranties or covenants under the Transaction Documents or any conduct by such Investor or its Affiliates which constitutes fraud, gross negligence, willful misconduct or
malfeasance), and will reimburse any such Person for all such amounts as they are incurred by such Person. 

  
 23 

 8.3.    Conduct of Indemnification Proceedings. Any
person entitled to indemnification hereunder shall (i) give prompt notice to the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim
with counsel reasonably satisfactory to the indemnified party; provided that any person entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such claim, but the fees and
expenses of such counsel shall be at the expense of such person unless (a) the indemnifying party has agreed to pay such fees or expenses, (b) the indemnifying party shall have failed to assume the defense of such claim and employ counsel
reasonably satisfactory to such person or (c) in the reasonable judgment of any such person, based upon written advice of its counsel, a conflict of interest exists between such person and the indemnifying party with respect to such claims (in
which case, if the person notifies the indemnifying party in writing that such person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on
behalf of such person); and provided, further, that the failure of any indemnified party to give notice as provided herein shall not relieve the indemnifying party of its obligations hereunder, except to the extent that such failure to
give notice shall materially adversely affect the indemnifying party in the defense of any such claim or litigation. It is understood that the indemnifying party shall not, in connection with any proceeding in the same jurisdiction, be liable for
fees or expenses of more than one separate firm of attorneys at any time for such indemnified party. No indemnifying party will, except with the consent of the indemnified party, which consent shall not be unreasonably withheld, conditioned or
delayed, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect of such claim
or litigation. No indemnified party will, except with the consent of the indemnifying party, consent to entry of any judgment or enter into any settlement. The indemnity agreements contained herein shall be in addition to any cause of action or
similar right of any Investor or its Affiliates against the Company or others and any liabilities the Company may be subject to pursuant to law. 

9.    Miscellaneous. 

9.1.    Successors and Assigns. This Agreement may not be assigned by a party hereto without the prior written
consent of the Company or the Investors, as applicable, provided, however, that an Investor may assign its rights and delegate its duties hereunder in whole or in part to an Affiliate or to a third party acquiring some or all of its Shares in a
transaction complying with applicable securities laws without the prior written consent of the Company or the other Investors, provided such assignee agrees in writing to be bound by the provisions hereof that apply to Investors. The provisions of
this Agreement shall inure to the benefit of and be binding upon the respective permitted successors and assigns of the parties. Without limiting the generality of the foregoing, in the event that the Company is a party to a merger, consolidation,
share exchange or similar business combination transaction in which the Ordinary Shares are converted into the equity securities of another Person, from and after the effective time of such transaction, such Person shall, by virtue of such
transaction, be deemed to have assumed the obligations of the Company hereunder, the term “Company” shall be deemed 

  
 24 

 
to refer to such Person and the term “Shares” shall be deemed to refer to the securities received by the Investors in connection with such transaction. Nothing in this Agreement,
express or implied, is intended to confer upon any party other than the parties hereto or their respective permitted successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly
provided in this Agreement. 
 9.2.    Counterparts; Faxes; E-mail. This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. This Agreement may also be executed via facsimile or e-mail, which shall be deemed an original. 
 9.3.    Titles and Subtitles. The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement. 

9.4.    Notices. Unless otherwise provided, any notice required or permitted under this Agreement shall be given in
writing and shall be deemed effectively given as hereinafter described (i) if given by personal delivery, then such notice shall be deemed given upon such delivery, (ii) if given by facsimile, then such notice shall be deemed given upon
receipt of confirmation of complete transmittal, (iii) if given by mail, then such notice shall be deemed given upon the earlier of (A) receipt of such notice by the recipient or (B) three days after such notice is deposited in first
class mail, postage prepaid, and (iv) if given by an internationally recognized overnight air courier, then such notice shall be deemed given one Business Day after delivery to such carrier. All notices shall be addressed to the party to be
notified at the address as follows, or at such other address as such party may designate by ten days’ advance written notice to the other party: 

If to the Company: 
 MeiraGTx
Holdings plc 
 430 East 29th Street, 10th Floor 

New York, New York 10016 
 Attn:
Rich Giroux 
 With a copy to: 

Latham & Watkins LLP 

200 Clarendon Street 
 Boston,
Massachusetts 02116 
 Attn: Peter N. Handrinos, Esq. 

If to the Investors: 
 to the
addresses set forth on the signature pages hereto. 
 9.5.    Expenses. At the Closing, the Company has agreed to
reimburse Johnson & Johnson Innovation-JJDC, Inc. up to $35,000 for its legal fees and expenses. Except as set forth herein to the contrary, the parties hereto shall pay their own costs and expenses in

  
 25 

 
connection herewith regardless of whether the transactions contemplated hereby are consummated; it being understood that each of the Company and each Investor has relied on the advice of its own
respective counsel. In the event that legal proceedings are commenced by any party to this Agreement against another party to this Agreement in connection with this Agreement or the other Transaction Documents, the party or parties which do not
prevail in such proceedings shall severally, but not jointly, pay their pro rata share of the reasonable attorneys’ fees and other reasonable documented
out-of-pocket costs and expenses incurred by the prevailing party in such proceedings. 

9.6.    Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this
Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and (a) prior to the Closing, Investors that agreed to purchase 55% of the Shares to
be issued and sold pursuant to this Agreement and (b) following the Closing, the Required Investors. Notwithstanding the foregoing, this Agreement may not be amended and the observance of any term of this Agreement may not be waived with
respect to any Investor without the written consent of such Investor unless such amendment or waiver applies to all Investors in the same fashion. No consideration (including any modification of any Transaction Document) shall be offered or paid to
any Person to amend or consent to a waiver or modification of any provision of the Transaction Documents unless the same consideration is also offered to all of the parties to this Agreement. For clarification purposes, this provision constitutes a
separate right granted to each Investor by the Company and negotiated separately by each Investor, and is intended for the Company to treat the Investors as a class and shall not in any way be construed as the Investors acting in concert or as a
group with respect to the purchase, disposition or voting of Shares or otherwise. Any amendment or waiver effected in accordance with this paragraph shall be binding upon (i) prior to Closing, each Investor and (ii) following the Closing,
each holder of any Shares purchased under this Agreement at the time outstanding, and in each case, each future holder of all such Shares and the Company. 

9.7.    Publicity. Except as set forth below, no public release or announcement concerning the transactions
contemplated hereby shall be issued by the Investors without the prior written consent of the Company (which consent shall not be unreasonably withheld), except as such release or announcement may be required by law or the applicable rules or
regulations of any securities exchange or securities market, in which case the Investors shall allow the Company, to the extent reasonably practicable in the circumstances, reasonable time to comment on such release or announcement in advance of
such issuance. Notwithstanding the foregoing, each Investor may identify the Company and the value of such Investor’s security holdings in the Company in accordance with applicable investment reporting and disclosure regulations or internal
policies without prior notice to or consent from the Company. The Company shall not include the name of any Investor or any Affiliate or investment adviser of such Investor in any press release or public announcement (which, for the avoidance of
doubt, shall not include any SEC Filing to the extent such disclosure is required by SEC rules and regulations) without the prior written consent of such Investor. By 8:30 a.m. (New York City time) on the trading day immediately following the date
this Agreement is executed, the Company shall issue a press release disclosing all material terms of transactions contemplated by this Agreement (the “Press Release”). No later than 5:30 p.m. (New York City time) on the first trading day
following the Closing Date, the Company will file a Current Report on Form 8-K attaching the press release 

  
 26 

 
described in the foregoing sentence as well as copies of the Transaction Documents. In addition, the Company will make such other filings and notices in the manner and time required by the SEC or
Nasdaq. The parties acknowledge that from and after the issuance of the Press Release, no Investor shall be in possession of any material, nonpublic information received from the Company or any of its respective officers, directors, employees or
agents, with respect to the transactions contemplated hereby that is not disclosed in the Press Release. The Company shall not, and shall cause each of its officers, directors, employees and agents, not to, provide any Investor with any such
material, nonpublic information regarding the Company from and after the filing of the Press Release without the express written consent of such Investor. 

9.8.    Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof but shall be interpreted as if it were written so as to be enforceable to the maximum extent
permitted by applicable law, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereby waive
any provision of law which renders any provision hereof prohibited or unenforceable in any respect. 

9.9.    Benefit of Agreement. Each of the Placement Agents is an intended third-party beneficiary of the
representations and warranties of each Investor set forth in Section 5 of this Agreement. 
 9.10.    Entire
Agreement. This Agreement, including the signature pages, Exhibits, and the other Transaction Documents constitute the entire agreement among the parties hereof with respect to the subject matter hereof and thereof and supersede all prior
agreements and understandings, both oral and written, between the parties with respect to the subject matter hereof and thereof. 

9.11.    Further Assurances. The parties shall execute and deliver all such further instruments and documents and
take all such other actions as may reasonably be required to carry out the transactions contemplated hereby and to evidence the fulfillment of the agreements herein contained. 

9.12.    Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by, and
construed in accordance with, the internal laws of the State of New York without regard to the choice of law principles thereof. Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the courts of the State of New York
located in New York County and the United States District Court for the Southern District of New York for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby.
Service of process in connection with any such suit, action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving of notices under this Agreement. Each of the parties hereto
irrevocably consents to the jurisdiction of any such court in any such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to the laying of venue of any such suit, action or
proceeding brought in such courts and irrevocably waives any claim that any such suit, action or proceeding brought in any such court 

  
 27 

 
has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL
HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER. 
 9.13.    Independent Nature of Investors’ Obligations
and Rights. The obligations of each Investor under any Transaction Document are several and not joint with the obligations of any other Investor, and no Investor shall be responsible in any way for the performance of the obligations of any other
Investor under any Transaction Document. The decision of each Investor to purchase Shares pursuant to the Transaction Documents has been made by such Investor independently of any other Investor. Nothing contained herein or in any Transaction
Document, and no action taken by any Investor pursuant thereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way
acting in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. Each Investor acknowledges that no other Investor has acted as agent for such Investor in connection with making its
investment hereunder and that no Investor will be acting as agent of such Investor in connection with monitoring its investment in the Shares or enforcing its rights under the Transaction Documents. Each Investor shall be entitled to independently
protect and enforce its rights, including, without limitation, the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Investor to be joined as an additional party in any
proceeding for such purpose. The Company acknowledges that each of the Investors has been provided with the same Transaction Documents for the purpose of closing a transaction with multiple Investors and not because it was required or requested to
do so by any Investor. 
 9.14.    Limitation of Liability. Notwithstanding anything herein to the contrary, the
Company acknowledges and agrees that the liability of an Investor arising directly or indirectly under any Transaction Document of any and every nature whatsoever shall be satisfied solely out of the assets of such Investor and that no trustee,
officer, other investment vehicle or any other Affiliate of such Investor or any investor, shareholder or holder of shares of beneficial interest of such Investor shall be personally liable for any liabilities of such Investor. 

[remainder of page intentionally left blank] 

  
 28 

 IN WITNESS WHEREOF, the parties have executed this Agreement or caused their duly authorized
officers to execute this Agreement as of the date first above written. 
  

							
	COMPANY:	 		 	MEIRAGTX HOLDINGS PLC
				
		 		 	By:	 	/s/ Richard Giroux
		 		 		 	Name: Richard Giroux
		 		 		 	Title: Chief Operating Officer

  
 29 

							
	INVESTOR:	 		 	JOHNSON & JOHNSON INNOVATION-JJDC, INC.
				
		 		 	By:	 	/s/ Asish K. Xavier
		 		 		 	 Name: Asish K. Xavier
 Title: Vice President,
Venture Investments

  

			
		
	Investor Information	  	
		
	Entity Name:	  	Johnson & Johnson Innovation – JJDC, Inc.
		
	Contact Person:	  	XXXX
		
	Address:	  	410 George Street, Suite 308
		
	City:	  	New Brunswick
		
	State:	  	New Jersey
		
	Zip Code:	  	08901
		
	Telephone:	  	(XXX) XXX-XXXX
		
	Facsimile:	  	
		
	Email:	  	XXXX@XXXX.com
		
	Copy of notices to:	  	 XXXX
 XXXX

Johnson & Johnson Innovation (JJDC)
 One
Johnson & Johnson Plaza
 New Brunswick, NJ 08933

(XXX) XXX-XXXX

XXXX@XXXX.com

		
	Tax ID # or Social Security #:	  	XX-XXXXXXX
		
	Name in which Shares should be issued:	  	Johnson & Johnson Innovation – JJDC, Inc.

  
 30 

							
	INVESTOR: Perceptive Life Sciences Master Fund LTD	 		 	
				
		 		 	By:	 	/s/ James H. Mannix
		 		 		 	 Name: James H Mannix
 Title:
C.O.O

  

			
		
	Investor Information	  	
		
	Entity Name:	  	Perceptive Life Sciences Master Fund LTD.
		
	Contact Person:	  	XXXX
		
	Address:	  	51 Astor Place 10th Floor
		
	City:	  	New York
		
	State:	  	New York
		
	Zip Code:	  	10003
		
	Telephone:	  	(XXX) XXX-XXXX
		
	Facsimile:	  	646-205-5301
		
	Email:	  	XXXX@XXXX.com
		
	Tax ID # or Social Security #:	  	XX-XXXXXXX
		
	Name in which Shares should be issued:    	  	Perceptive Life Sciences Master Fund LTD

  
 31 

							
	INVESTOR: 683 Capital Partners, LP	 		 	
				
		 		 	By:	 	/s/ Ari Zweiman
		 		 		 	 Name: Ari Zweiman
 Title: Managing
Member

  

			
		
	Investor Information	  	
		
	Entity Name:	  	683 Capital Partners, LP
		
	Contact Person:	  	XXXX
		
	Address:	  	3 Columbus Circle, Ste 2205
		
	City:	  	New York
		
	State:	  	New York
		
	Zip Code:	  	10019
		
	Telephone:	  	(XXX) XXX-XXXX
		
	Facsimile:	  	
		
	Email:	  	XXXX@XXXX.com
		
	Tax ID # or Social Security #:	  	XX-XXXXXXX
		
	Name in which Shares should be issued:	  	683 Capital Partners, LP

  
 32 

							
	INVESTOR:	 		 	 OrbiMed Partners Master Fund Limited

By: OrbiMed Capital LLC, Solely in its capacity as Investment Advisor

				
		 		 	By:	 	/s/ Sven H. Borho
		 		 		 	 Name: Sven H. Borho
 Title: Managing
Member

  

			
		
	Investor Information	  	
		
	Entity Name:	  	OrbiMed Partners Master Fund Limited
		
	Contact Person:	  	XXXX
		
	Address:	  	601 Lexington Avenue 54th FL
		
	City:	  	New York
		
	State:	  	NY
		
	Zip Code:	  	10022
		
	Telephone:	  	(XXX) XXX-XXXX
		
	Facsimile:	  	
		
	Email:	  	XXXX@XXXX.com
		
	Tax ID # or Social Security #:	  	XX-XXXXXXX
		
	Name in which Shares should be issued:	  	OrbiMed Partners Master Fund Limited

  
 33 

							
	INVESTOR:	 		 	 The Biotech Growth Trust PLC
 By:
OrbiMed Capital LLC, Solely in its capacity as Investment Manager

				
		 		 	By:	 	/s/ Sven H. Borho
		 		 		 	 Name: Sven H. Borho
 Title: Managing
Member

  

			
		
	Investor Information	  	
		
	Entity Name:	  	The Biotech Growth Trust PLC
		
	Contact Person:	  	XXXX
		
	Address:	  	601 Lexington Avenue 54th FL
		
	City:	  	New York
		
	State:	  	NY
		
	Zip Code:	  	10022
		
	Telephone:	  	(XXX) XXX-XXXX
		
	Facsimile:	  	
		
	Email:	  	XXXX@XXXX.com
		
	Tax ID # or Social Security #:	  	XX-XXXXXXX
		
	Name in which Shares should be issued:    	  	The Biotech Growth Trust PLC

  
 34 

 Schedule 4.3 

(a) The authorized capital stock of the Company is 1,288,327,750 ordinary shares. 

(b) The number of issued and outstanding ordinary shares is 27,386,6321 

(c) The number of shares of capital stock issuable pursuant to the Company’s stock plan is 3,262,365 ordinary shares. 

(d) None. 
  

	1 	 Does not include (i) 22,500 ordinary shares reserved in escrow for issuance in connection with an acquisition
or (ii) 158,832 ordinary shares the company is obligated to issue in connection with a license agreement. 

  
 35 

 EXHIBIT A 

Schedule of Investors 
  

					
	 Investor Name and Address
	  	Number of
Shares to be
Purchased	  	Aggregate
Purchase Price of
Shares
	 Johnson & Johnson Innovation-JJDC, Inc. 
410 George Street 
New Brunswick, New
Jersey 08901
	  	2,898,550	  	$39,999,990.00
	 Perceptive Life Sciences Master Fund LTD 
51 Astor Place, 10th Floor 
New York, NY
10003
	  	1,304,348	  	$18,000,002.40
	 OrbiMed Partners Master Fund Limited
601 Lexington Avenue 54th FL
New York, NY
10022
	  	859,085	  	$11,855,373.00
	 The Biotech Growth Trust PLC 
601 Lexington Avenue 54th FL 
New York, NY 10022
	  	372,800	  	$5,000,002.20
	 683 Capital Partners, LP 
3 Columbus Circle, Suite 2205 
New York, NY 10019
	  	362,319	  	$5,000,002.20

  
 36 

 EXHIBIT B 

Registration Rights Agreement 

[Filed Separately] 

  
 37 

 EXHIBIT C 

Form of Investor Questionnaire 

  
 38 

 APPENDIX I 

INVESTOR QUESTIONNAIRE 
 To: MeiraGTx
Holdings plc 
 This Investor Questionnaire (“Questionnaire”) must be completed by each potential investor in connection with the offer and
sale of the ordinary shares, nominal value $0.00003881 per share (the “Securities”), of MeiraGTx Holdings plc., a Cayman Islands exempted company (the “Company”). The Securities are being offered and sold by the
Company in the United States without registration under the Securities Act of 1933, as amended (the “Securities Act”), and the securities laws of certain states, in reliance on the exemptions contained in Section 4(a)(2) of the
Securities Act and on Regulation D promulgated thereunder and in reliance on similar exemptions under applicable state laws. The Company must determine that a potential investor meets certain suitability requirements before offering or selling the
Securities to such investor. The purpose of this Questionnaire is to assure the Company that each investor will meet the applicable suitability requirements. The information supplied by you will be used in determining whether you meet such criteria,
and reliance upon the private offering exemptions from registration is based in part on the information herein supplied. 
 This Questionnaire does not
constitute an offer to sell or a solicitation of an offer to buy any security. By signing this Questionnaire, you will be authorizing the Company to provide a completed copy of this Questionnaire to such parties as the Company deems appropriate in
order to ensure that the offer and sale of the Securities will not result in a violation of the Securities Act or the securities laws of any state and that you otherwise satisfy the suitability standards applicable to purchasers of the Securities.
All potential investors must answer all applicable questions and complete, date and sign this Questionnaire. Please print or type your responses and attach additional sheets of paper if necessary to complete your answers to any item. 

PART A. BACKGROUND INFORMATION 
  

											
	Name of Beneficial Owner of the Securities:	 	 

											
		
	Business Address:	 	 
		 		 	(Number and Street)	  		  	

											
						
	City:	 	 	  	State:	  	 	  	Zip Code:	  	 

											
						
	Telephone Number:	 	 	  		  		  		  	

 If a corporation, partnership, limited liability company, trust or other entity: 

Type of entity: _________________________ 
 Country/State of
formation: _____________________    Approximate Date of formation: __________________ 
 Were you formed for the purpose of investing in
the securities being offered?    Yes  ☐    No  ☐ 
 If an individual:

  

											
	Residence Address:	 	 
		 		 	(Number and Street)	  		  	

											
						
	City:	 	 	  	State:	  	 	  	Zip Code:	  	 

											
						
	Telephone Number:	 	 	  		  		  		  	

											
						
	Age:	 	 	  	Citizenship:	  	 	  	Where registered to vote:	  	 

  
 39 

 Set forth in the space provided below the state(s), if any, in the United States in which you maintained
your residence during the past two years and the dates during which you resided in each state: 
 Are you a director or executive officer of the
Company?    Yes  ☐    No  ☐ 
 Social Security or Taxpayer Identification No.:
________________ 
 PART B. ACCREDITED INVESTOR QUESTIONNAIRE 

In order for the Company to offer and sell the Securities in conformance with state and federal securities laws, the following information
must be obtained regarding your investor status. Please initial each category applicable to you as a purchaser of Securities of the Company. 
  

					
	☐	  	(1)	  	A bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary
capacity;
			
	☐	  	(2)	  	A broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”);
			
	☐	  	(3)	  	An insurance company as defined in Section 2(a)(13) of the Securities Act;
			
	☐	  	(4)	  	An investment company registered under the Investment Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that act;
			
	☐	  	(5)	  	A Small Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958;
			
	☐	  	(6)	  	A plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of
$5,000,000;
			
	☐	  	(7)	  	An employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section 3(21) of such act, which is either a bank,
savings and loan association, insurance company or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are
accredited investors;
			
	☐	  	(8)	  	A private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;
			
	☐	  	(9)	  	An organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation, Massachusetts or similar business trust, or partnership, not formed for the specific purpose of acquiring the Securities, with total
assets in excess of $5,000,000;
			
	☐	  	(10)	  	A trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Securities, whose purchase is directed by a sophisticated person who has such knowledge and experience in financial and
business matters that such person is capable of evaluating the merits and risks of investing in the Corporation;

  
 40 

					
	☐	  	(11)	  	A natural person whose individual net worth, or joint net worth with that person’s spouse, at the time of his purchase exceeds $1,000,000 (exclusive of the value of that person’s primary residence);
			
	☐	  	(12)	  	A natural person who had an individual income in excess of $200,000 in each of the two most recent years, or joint income with that person’s spouse in excess of $300,000, in each of those years, and has a reasonable expectation
of reaching the same income level in the current year;
			
	☐	  	(13)	  	An executive officer or director of the Company;
			
	☐	  	(14)	  	An entity in which all of the equity owners qualify under any of the above subparagraphs. If the undersigned belongs to this investor category only, list the equity owners of the undersigned, and the investor category which each
such equity owner satisfies.

 PART C. BAD ACTOR QUESTIONNAIRE 
  

	1.	 During the past ten years, have you been convicted of any felony or misdemeanor that is related to any
securities matter? 

  

					
	Yes	  	☐	  	(If yes, please continue to Question 1.a)
			
	No	  	☐	  	(If no, please continue to Question 2)

  

	 	a)	 If your answer to Question 1 was “yes”, was the conviction related to: (i) the purchase or sale
of any security; (ii) the making of any false filing with the Securities and Exchange Commission (the “SEC”); or (iii) the conduct of an underwriter, broker, dealer, municipal securities dealer, investment adviser
or paid solicitor of purchasers of securities? 

 Yes  ☐     No  ☐

  

	2.	 Are you subject to any court injunction or restraining order entered during the past five years that is
related to any securities matter? 

  

					
	Yes	  	☐	  	(If yes, please continue to Question 2.a)
			
	No	  	☐	  	(If no, please continue to Question 3)

  

	 	a)	 If your answer to Question 2 was “yes”, does the court injunction or restraining order currently
restrain or enjoin you from engaging or continuing to engage in any conduct or practice related to: (i) the purchase or sale of any security; (ii) the making of any false filing with the SEC; or (iii) the conduct of an
underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities? 

Yes  ☐    No  ☐ 

  
 41 

	3.	 Are you subject to any final order1 of any governmental
commission, authority, agency or officer2(2) related to any securities, insurance or banking matter? 

 

					
	Yes	  	☐	  	(If yes, please continue to Question 3.a)
			
	No	  	☐	  	(If no, please continue to Question 4)

  

	 	a)	 If your answer to Question 3 was “yes”: 

 

	 	i)	 Does the order currently bar you from: (i) associating with an entity regulated by such commission,
authority, agency or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association or credit union activities? 

Yes  ☐     No  ☐ 

 

	 	ii)	 Was the order (i) entered within the past ten years and (ii) based on a violation of any law
or regulation that prohibits fraudulent, manipulative or deceptive conduct? 

Yes  ☐     No  ☐ 

 

	4.	 Are you subject to any SEC disciplinary order?3(3)

  

					
	Yes	  	☐	  	(If yes, please continue to Question 4.a)
			
	No	  	☐	  	(If no, please continue to Question 5)

  

	 	a)	 If your answer to Question 4 was “yes”, does the order currently: (i) suspend or revoke your
registration as a broker, dealer, municipal securities dealer or investment adviser; (ii) place limitations on your activities, functions or operations; or (iii) bar you from being associated with any particular entity or class of
entities or from participating in the offering of any penny stock? 

  

	5.	 Are you subject to any SEC cease and desist order entered within the past five years?

  

					
	Yes	  	☐	  	(If yes, please continue to Question 5.a)
			
	No	  	☐	  	(If no, please continue to Question 6)

  

	 	a)	 If your answer to Question 5 was “yes”, does the order currently require you to cease and desist from
committing or causing a violation or future violation of (i) any knowledge-based anti-fraud provision of the U.S. federal securities laws4 or (ii) Section 5 of the Securities
Act? 

 Yes  ☐     No  ☐ 

 

	1 	 A “final order” is defined under Rule 501(g) as a written directive or declaratory statement issued
by a federal or state agency described in Rule 506(d)(1)(iii) under applicable statutory authority that provides for notice and an opportunity for a hearing, and that constitutes a final disposition or action by such federal or state agency.

	2 	 You may limit your response to final orders of: (i) state securities commissions (or state
agencies/officers that perform a similar function); (ii) state authorities that supervise or examine banks, savings associations or credit unions; (iii) state insurance commissions (or state agencies/officers that perform a similar function);
(iv) federal banking agencies; (v) the U.S. Commodity Futures Trading Commission; or (vi) the U.S. National Credit Union Administration. 

	3 	 You may limit your response to disciplinary orders issued pursuant to Sections 15(b) or 15B(c) of the Exchange
Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 (the “Advisers Act”). 

	4 	 Including (but not limited to) Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange
Act and Rule 10b-5 thereunder, Section 15(c)(1) of the Exchange Act, and Section 206(1) of the Advisers Act or any other rule or regulation thereunder. 

  
 42 

	6.	 Have you been suspended or expelled from membership in, or suspended or barred from association with a
member of, a registered national securities exchange or a registered national or affiliated securities association? 

  

					
	Yes	  	☐	  	(If yes, please describe the basis of any such suspension or expulsion and any related details in the space provided under Question 10 below)5
			
	No	  	☐	  	(If no, please continue to Question 7)

  

	7.	 Have you registered a securities offering with the SEC, made an offering under Regulation A or been named as
an underwriter in any registration statement or Regulation A offering statement filed with the SEC? 

  

					
	Yes	  	☐	  	(If yes, please continue to Question 7.a)
			
	No	  	☐	  	(If no, please continue to Question 8)

  

	 	a)	 If your answer to Question 7 was “yes”: 

 

	 	i)	 During the past five years, was any such registration statement or Regulation A offering statement the subject
of a refusal order, stop order or order suspending the Regulation A exemption? 

Yes  ☐    No  ☐ 

 

	 	ii)	 Is any such registration statement or Regulation A offering statement currently the subject of an investigation
or proceeding to determine whether a stop order or suspension order should be issued? 

Yes  ☐    No  ☐ 

 

	8.	 Are you subject to a U.S. Postal Service false representation order entered within the past five years?

 Yes  ☐    No  ☐ 

 

	9.	 Are you currently subject to a temporary restraining order or preliminary injunction with respect to conduct
alleged by the U.S. Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations? 

Yes  ☐    No  ☐ 
  

	10.	 In the space provided below, describe any facts or circumstances that caused you to answer “yes”
to any Question (indicating the corresponding Question number). Attach additional pages if necessary. 

  

	5 	 In providing additional information, please explain whether or not the suspension or expulsion resulted from
“any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.” 

  
 43 

	A.	 FOR EXECUTION BY AN INDIVIDUAL: 

 

			
	By:	 	 

 
			
		
	Print Name:	 	 

  

	
	   

	Date

  

	B.	 FOR EXECUTION BY AN ENTITY: 

 

			
		
	Entity Name:	 	 

 
			
		
	    By:	 	 

 
			
		
	    Print Name:	 	 

 
			
		
	    Title:	 	 

  

	
	   

	Date

  

	C.	 ADDITIONAL SIGNATURES (if required by partnership, corporation or trust document):

  

			
		
	Entity Name:	 	 

 
			
		
	    By:	 	 

 
			
		
	    Print Name:	 	 

 
			
		
	    Title:	 	 

  

	
	   

	Date

  

			
		
	Entity Name:	 	 

 
			
		
	    By:	 	 

 
			
		
	    Print Name:	 	 

 
			
		
	    Title:	 	 

  

	
	   

	Date

  
 44 

 EXHIBIT D 

Form of Selling Shareholder Questionnaire 

  
 45 

 APPENDIX II 

SELLING SHAREHOLDER NOTICE AND QUESTIONNAIRE 

 

	
	   

	Name of Selling Shareholder (please print)

 MEIRAGTX HOLDINGS PLC 

QUESTIONNAIRE FOR SELLING SHAREHOLDERS 

IMPORTANT: IMMEDIATE ATTENTION REQUIRED 

This Questionnaire is being furnished to all persons or entities (the “Investors”) electing to purchase ordinary shares, nominal value
$0.00003881 per share (“Ordinary Shares”), of MeiraGTx Holdings plc, a Cayman Islands exempted company (the “Company”) pursuant to the Securities Purchase Agreement by and among the Company and the Investors
(the “Purchase Agreement”) to which this Questionnaire is an Appendix. This Questionnaire relates to certain information required to be disclosed in the registration statement (the “Registration Statement”) to be
prepared by the Company for filing with the United States Securities and Exchange Commission (the “SEC”) pursuant to the Registration Rights Agreement entered into by and among the Company and the Investors (the
“Registration Rights Agreement”) in connection with the Purchase Agreement. The Company must receive a completed Questionnaire from each Investor in order to include such Investor’s Ordinary Shares in the Registration
Statement. 
 The furnishing of accurate and complete responses to the questions posed in this Questionnaire is an extremely important part of the
registration process. The inclusion of inaccurate or incomplete disclosures in the Registration Statement can result in potential liabilities, both civil and criminal, to the Company and to the individuals who furnish the information. Accordingly,
Investors are advised to consult their own securities law counsel regarding the consequences of being named or not being named as a selling securityholder in the Registration Statement and related prospectus. 

PLEASE GIVE A RESPONSE TO EVERY QUESTION, indicating “None” or “Not Applicable” where appropriate. Please complete, sign, and
return one copy of this Questionnaire by facsimile, email or overnight courier as soon as possible. 

Latham & Watkins LLP 

885 Third Avenue 

New York, NY 10022-4834 

Attn: Sandy Kugbei 

Fax: 212.751.4864 sandy.kugbei@lw.com 

Unless stated otherwise, answers should be given as of the date you complete this Questionnaire. However, it is your responsibility to inform us
of any changes that may occur to your situation. If there is any situation about which you have any doubt, or if you are uncertain as to the meaning of any terms used in this Questionnaire, please contact John Miller at 617.880.4651 or
john.miller@lw.com or N. Danny Shulman at 212.906.4797 or n.danny.shulman@lw.com. 

  
 46 

 PART I – SHARE OWNERSHIP 

Item 1. Beneficial Ownership. 
 a.
Deemed Beneficial Ownership. Please state the amount of securities of the Company you own on the date you complete this Questionnaire. (If none, please so state in each case.) 

 

			
	 Amount Beneficially
Owned1
	  	 Number of Common

Shares Owned

		  	

 Please state the number of shares owned by you or by family members, trusts and other organizations with which you have a
relationship, and any other shares of which you may be deemed to be the “beneficial owner”1: 
  

			
		
	Total Shares:	  	
		  	  

		
	Of such shares:	  	
		
	 Shares as to which you have sole

voting power:
	  	
		  	  

		
	 Shares as to which you have shared

voting power:
	  	
		  	  

		
	 Shares as to which you have sole

investment power:
	  	
		  	  

		
	 Shares as to which you have shared

investment power:
	  	
		  	  

		
	 Shares which you will have a right to

acquire before 60 days

after the date you complete this questionnaire

through the exercise of

options, warrants or otherwise:
	  	
		  	  

 Do you have any present plans to exercise options, warrants or otherwise acquire, dispose of or to transfer Ordinary Shares of
the Company between the date you complete this Questionnaire and the date which is 60 days after the date in which the Registration Statement is filed? 

Answer: 
 If so, please describe. 

b.    Pledged Securities. If any of such securities have been pledged or otherwise deposited as collateral or are the subject
matter of any voting trust or other similar agreement or of any contract providing for the sale or other disposition of such securities, please give the details thereof. 

Answer: 

c.    Disclaimer of Beneficial Ownership. Do you wish to disclaim beneficial
ownership1 of any of the shares reported in response to Item 1(a)? 
 Answer: 

  
 47 

 If the answer is “Yes”, please furnish the following information with respect to
the person or persons who should be shown as the beneficial owner(s)1 of the shares in question. 
  

					
	 Name and Address of

Actual Beneficial Owner
	  	 Relationship of

Such Person To You
	  	 Number of Shares

Beneficially Owned

d.    Shared Voting or Investment Power over Securities. Will any person be deemed to have beneficial ownership over any of the
Securities purchased by you pursuant to the Purchase Agreement? 
 Answer: 

If the answer is “Yes”, please furnish the following information with respect to the person or persons who should be shown as the
beneficial owner(s)1 of the Securities in question. 
  

					
	 Name and Address of

Beneficial Owner
	  	 Relationship of

Such Person To You
	  	 Number of Shares

Beneficially Owned

Item 2. Major Shareholders. Please state below the names of persons or groups known by you to own beneficially1 more than 5% of the Company’s Ordinary Shares. 
 Answer: 

Item 3. Change of Control. Do you know of any contractual arrangements, including any pledge of securities of the Company, the operation of
which may at a subsequent date result in a change of control of the Company? 
 Answer: 

Item 4. Relationship with the Company. Please state the nature of any position, office or other material relationship you have, or have had
within the past three years, with the Company or its affiliates. 
  

			
	 Name
	  	 Nature of

Relationship

Item 5. Broker-Dealer Status. Is the Investor a broker-dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”)? 
 ☐  Yes. 

☐  No. 
 If so, please answer the remaining
questions under this Item 5. 
 Note that the Company will be required to identify any registered broker-dealer as an underwriter in the Registration
Statement and related prospectus. 

  
 48 

 a.    If the Investor is a registered broker-dealer, please indicate whether the
Investor purchased its Ordinary Shares for investment or acquired them as transaction-based compensation for investment banking or similar services. 

Answer: 
 Note that if the Investor is a
registered broker-dealer and received its Ordinary Shares other than as transaction-based compensation, the Company is required to identify the Investor as an underwriter in the Registration Statement and related prospectus. 

b.    Is the Investor an affiliate of a registered broker-dealer? For purposes of this Question, an “affiliate” of a specified
person or entity means a person or entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, the person or entity specified. 

☐  Yes. 
 ☐   No. 

If so, please answer questions (i)-(iii) below under this Item 5(b). 

i.    Please describe the affiliation between the Investor and any registered broker-dealers: 

ii.    If the Ordinary Shares were received by the Investor other than in the ordinary course of business, please describe
the circumstances: 
 iii.    If the Investor, at the time of its receipt of Ordinary Shares, has had any agreements or
understandings, directly or indirectly, with any person to distribute the Ordinary Shares, please describe such agreements or understandings: 
 Note
that if the Investor is an affiliate of a broker-dealer and did not receive its Ordinary Shares in the ordinary course of business or at the time of receipt had any agreements or understandings, directly or indirectly, to
distribute the securities, the Company must identify the Investor as an underwriter in the Registration Statement and related prospectus. 
 Item
6. Nature of Beneficial Holding. The purpose of this question is to identify the ultimate natural person(s) or publicly held entity that exercise(s) sole or shared voting or dispositive power over the Registrable Securities (as defined in
the Registration Rights Agreement). 
 a.    Is the Investor a natural person? 

☐  Yes. 

☐  No. 

b.    Is the Investor required to file, or is it a wholly owned subsidiary of a company that is required to file, periodic and other
reports (for example, Form 10-K, 10-Q, 8-K) with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act? 

☐  Yes. 

☐  No. 

  
 49 

 c.    Is the Investor an investment company, or a subsidiary of an investment company,
registered under the Investment Company Act of 1940, as amended? 
 ☐  Yes. 

☐   No. 
 If a
subsidiary, please identify the publicly held parent entity: 
 d.    If you answered “no” to questions (a), (b) and
(c) above, please identify the controlling person(s) of the Investor (the “Controlling Entity”). If the Controlling Entity is not a natural person or a publicly held entity, please identify each controlling person(s) of such
Controlling Entity. This process should be repeated until you reach natural persons or a publicly held entity that exercises sole or shared voting or dispositive power over the Registrable Securities: 

***PLEASE NOTE THAT THE SEC REQUIRES THAT THESE NATURAL PERSONS BE NAMED IN THE PROSPECTUS*** 

  
 50 

 PART II – CERTAIN TRANSACTIONS 

Item 7. Transactions with the Company. If you, any of your associates2, or any member of
your immediate family3 had or will have any direct or indirect material interest in any transactions4 or series of transactions to which the
Company or any of its subsidiaries was a party at any time since January 1, 2016, or in any currently proposed transactions or series of transactions in which the Company or any of its subsidiaries will be a party, in which the amount involved
exceeds $120,000, please specify (a) the names of the parties to the transaction(s) and their relationship to you, (b) the nature of the interest in the transaction, (c) the amount involved in the transaction, and (d) the amount
of the interest in the transaction. If the answer is “none”, please so state. 
 Answer: 

Item 8. Third Party Payments. Please describe any compensation paid to you by a third party pursuant to any arrangement between the Company and
any such third party. 
 Answer: 

  
 51 

 PART III – PLAN OF DISTRIBUTION 

The selling shareholders and any of their pledgees, donees, transferees, assignees or other successors-in-interest may, from time to time, sell, transfer or otherwise dispose of any or all of their ordinary shares or interests in the ordinary shares on any exchange, market or trading facility on
which the shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale,
or at negotiated prices. The selling shareholders may use one or more of the following methods when disposing of the shares or interests therein: 
  

	 	•	 	 ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;

  

	 	•	 	 block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a
portion of the block as principal to facilitate the transaction; 

  

	 	•	 	 through brokers, dealers or underwriters that may act solely as agents; 

 

	 	•	 	 purchases by a broker-dealer as principal and resale by the broker-dealer for its account; 

 

	 	•	 	 an exchange distribution in accordance with the rules of the applicable exchange; 

 

	 	•	 	 privately negotiated transactions; 

 

	 	•	 	 through the writing or settlement of options or other hedging transactions entered into after the effective date
of the registration statement of which this prospectus is a part, whether through an options exchange or otherwise; 

  

	 	•	 	 broker-dealers may agree with the selling shareholders to sell a specified number of such shares at a stipulated
price per share; 

  

	 	•	 	 a combination of any such methods of disposition; and 

 

	 	•	 	 any other method permitted pursuant to applicable law. 

The selling shareholders may also sell shares under Rule 144 or Rule 904 under the Securities Act of 1933, as amended, or Securities Act, if
available, or Section 4(a)(1) under the Securities Act, rather than under this prospectus. 
 Broker-dealers engaged by the selling
shareholders may arrange for other broker-dealers to participate in sales. Broker-dealers may receive commissions or discounts from the selling shareholders (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser) in
amounts to be negotiated. The selling shareholders do not expect these commissions and discounts to exceed what is customary in the types of transactions involved. 

The selling shareholders may, from time to time, pledge or grant a security interest in some or all of the ordinary shares owned by them and,
if they default in the performance of their secured obligations, the pledgees or secured parties may offer and sell ordinary shares from time to time under this prospectus, or under a supplement or amendment to this prospectus under Rule 424(b)(3)
or other applicable provision of the Securities Act amending the list of selling shareholders to include the pledgee, transferee or other successors in interest as selling shareholders under this prospectus. 

Upon being notified in writing by a selling shareholder that any material arrangement has been entered into with a broker-dealer for the sale
of ordinary shares through a block trade, special offering, exchange distribution or secondary distribution or a purchase by a broker or dealer, we will file a supplement to this prospectus, if required, pursuant to Rule 424(b) under the Securities
Act, disclosing (i) the name of each such selling shareholder and of the participating broker-dealer(s), (ii) the number of shares involved, (iii) the price at which such ordinary shares were sold, (iv) the commissions paid or
discounts or concessions allowed to such broker-dealer(s), where applicable, (v) that such broker-dealer(s) did not conduct any investigation to verify the information set out or incorporated by reference in this prospectus, and (vi) other
facts material to the transaction. In addition, upon being notified in writing by a selling shareholder that a donee or pledgee intends to sell more than 500 ordinary shares, we will file a supplement to this prospectus if then required in
accordance with applicable securities law. 

  
 52 

 The selling shareholders also may transfer the ordinary shares in other circumstances, in
which case the transferees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus. 
 In connection
with the sale of the ordinary shares or interests in ordinary shares, the selling shareholders may enter into hedging transactions after the effective date of the registration statement of which this prospectus is a part with broker-dealers or other
financial institutions, which may in turn engage in short sales of the ordinary shares in the course of hedging the positions they assume. The selling shareholders may also sell ordinary shares short after the effective date of the registration
statement of which this prospectus is a part and deliver these securities to close out their short positions, or loan or pledge the ordinary shares to broker-dealers that in turn may sell these securities. The selling shareholders may also enter
into option or other transactions after the effective date of the registration statement of which this prospectus is a part with broker-dealers or other financial institutions or the creation of one or more derivative securities which require the
delivery to such broker-dealer or other financial institution of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented or amended to reflect such
transaction). 
 The selling shareholders and any broker-dealers or agents that are involved in selling the shares may be deemed to be
“underwriters” within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any profit on the resale of the shares purchased by them may be deemed to
be underwriting commissions or discounts under the Securities Act. The maximum commission or discount to be received by any member of the Financial Industry Regulatory Authority (FINRA) or independent broker-dealer will not be greater than 8% of the
initial gross proceeds from the sale of any security being sold. 
 We have advised the selling shareholders that they are required to
comply with Regulation M promulgated under the Securities Exchange Act of 1934, as amended, during such time as they may be engaged in a distribution of the shares. The foregoing may affect the marketability of the ordinary shares. 

The aggregate proceeds to the selling shareholders from the sale of the ordinary shares offered by them will be the purchase price of the
ordinary shares less discounts or commissions, if any. Each of the selling shareholders reserves the right to accept and, together with their agents from time to time, to reject, in whole or in part, any proposed purchase of ordinary shares to be
made directly or through agents. We will not receive any of the proceeds from this offering. 
 We are required to pay all fees and expenses
incident to the registration of the shares. We have agreed to indemnify the selling shareholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act or otherwise. 

We have agreed with the selling shareholders to keep the registration statement of which this prospectus constitutes a part effective until
the earlier of (a) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance with the registration statement, (b) such time as all of the shares covered by this prospectus have been
previously sold or transferred in accordance with Rule 144 of the Securities Act, or (c) the date on which the ordinary shares covered by this prospectus may be sold or transferred by non-affiliates
without any volume or manner-of-sale restrictions and without current public information limitations pursuant to Rule 144 of the Securities Act. 

*        *        * 

The undersigned has reviewed the form of Plan of Distribution set forth above and does not have a present intention of effecting a sale in a manner not
described therein. 
 _____ Agree _____ Disagree 

(If left blank, response will be deemed to be “Agree”.) 

  
 53 

 The undersigned hereby represents that the undersigned understands, pursuant to Interpretation A.65 in the
Securities and Exchange Commission, Division of Corporation Finance, Manual of Publicly Available Telephone Interpretations dated July 1997, a copy of which is attached hereto as Exhibit 1, that the undersigned may not make any short sale of the
Ordinary Shares prior to the effectiveness of the Registration Statement, and further covenants to the Company that the undersigned will not engage in any short sales of such shares to be registered under the Registration Statement prior to its
effectiveness. 

  
 54 

 SIGNATURE 

The undersigned understands that the Company anticipates filing the Registration Statement within the time frame set forth in the Registration Rights
Agreement. If at any time any of the information set forth in the responses to this Questionnaire has materially changed due to passage of time (other than due to the receipt of the Ordinary Shares set forth opposite the undersigned’s name in
the Schedule of Investors in the Purchase Agreement), or any development occurs which requires a change in any of the answers, or has for any other reason become incorrect, the undersigned agrees to furnish as soon as practicable to the individual
to whom a copy of this Questionnaire is to be sent, as indicated and at the address shown on the first page hereof, any necessary or appropriate correcting information. Otherwise, the Company is to understand that the above information continues to
be, to the best of the undersigned’s knowledge, information and belief, complete and correct. 
 Upon any sale of Ordinary Shares
pursuant to the Registration Statement, the undersigned hereby agrees to deliver to the Company and the Company’s transfer agent the Certificate of Subsequent Sale set forth in Exhibit I hereto. 

The undersigned understands that the information that the undersigned is furnishing to the Company herein will be used by the Company in the
preparation of the Registration Statement. 
  

											
		 		 		 	Name of Investor:	 	 
						
	Date:	 	 	 	, 2018	 		 	Signature:	 	 

 
			
		
	Print Name:	 	 

 
			
		
	Title (if applicable):	 	 

 
			
	Address:	 	

 
			
		
		 	 
		
	Street	 	
		
		 	 

 
			
		
	Street	 	
	
	 
	City                                    
                State                        
Zip Code
	
	 
	Telephone Number
	
	 
	Email Address

  
 55 

 FOOTNOTES 
  

	1.	 Beneficial Ownership. You are the beneficial owner of a security, as defined in Rule 13d-3 under the Securities Exchange Act of 1934 (the “Exchange Act”), if you, directly or indirectly, through any contract, arrangement, understanding, relationship or otherwise have or share:
(1) voting power, which includes the power to vote, or to direct the voting of, such security, and/or (2) investment power, which includes the power to dispose, or to direct the disposition of, such security. You are also the beneficial
owner of a security if you, directly or indirectly, create or use a trust, proxy, power of attorney, pooling arrangement or any other contract, arrangement or device with the purpose or effect of divesting yourself of beneficial ownership of a
security or preventing the vesting of such beneficial ownership. 

 You are deemed to be the beneficial owner of a
security if you have the right to acquire beneficial ownership of such security at any time within 60 days including, but not limited to, any right to acquire such security (a) through the exercise of any option, warrant or right,
(b) through the conversion of a security, or (c) pursuant to the automatic termination of, or the power to revoke a trust, discretionary account, or similar arrangement. 

Ordinarily, shares held in the name of your spouse or minor child should be considered as beneficially owned by you absent special
circumstances to indicate that you do not have, as a practical matter, voting power or investment power over such shares. Similarly, absent countervailing facts, securities held in the name of relatives who share your home are to be reported as
being beneficially owned by you. In addition, securities held for your benefit in the name of others, such as nominees, trustees and other fiduciaries, securities held by a partnership of which you are a partner, and securities held by a corporation
controlled by you should be regarded as beneficially owned by you. 
 This definition of beneficial ownership is very broad; therefore, even
though you may not actually have or share voting or investment power with respect to securities owned by persons in your family or living in your home, you should include such shares in your beneficial ownership disclosure and may then disclaim
beneficial ownership of such securities. 
  

	2.	 Associate. The term “associate”, as defined in Rule
14a-1 under the Exchange Act, means (a) any corporation or organization (other than the Company or any of its majority owned subsidiaries) of which you are an officer or partner or are, directly or
indirectly, the beneficial owner of 10% or more of any class of equity securities, (b) any trust or other estate in which you have a substantial beneficial interest or as to which you serve as trustee or in a similar capacity, and (c) your
spouse, or any relative of yours or relative of your spouse living in your home or who is a director or officer of the Company or of any subsidiary. The term “relative of yours” as used in this Questionnaire refers to any relative or
spouse of yours, or any relative of such spouse, who has the same home as you or who is a director or officer of any subsidiary of the Company. 

Please identify your associate referred to in your answer and indicate your relationship. 

 

	3.	 Immediate Family. The members of your “immediate family” are deemed to include the following:
your spouse; your parents; your children; your siblings; your mother-in-law or
father-in-law; your sons- and daughters-in-law; and your brothers- and sisters-in-law. 

  

	4.	 Transactions. The term “transaction” is to be understood in its broadest sense, and includes
the direct or indirect receipt of anything of value. Please note that indirect as well as direct material interests in transactions are to be disclosed. Transactions in which you would have a direct interest would include your purchasing or leasing
anything (shares in a business acquired by the Company, office space, plants, Company apartments, computers, raw materials, finished goods, etc.) from or selling or leasing anything to, or borrowing or lending cash or other property from or to, the
Company, or any subsidiary. 

  
 56 

 Exhibit 1 

Securities Act Sections Compliance and Disclosure Interpretations Section 239.10: “An issuer filed a Form
S-3 registration statement for a secondary offering of common stock which is not yet effective. One of the selling shareholders wanted to do a short sale of common stock ‘against the box’ and cover
the short sale with registered shares after the effective date. The issuer was advised that the short sale could not be made before the registration statement becomes effective, because the shares underlying the short sale are deemed to be sold at
the time such sale is made. There would, therefore, be a violation of Section 5 if the shares were effectively sold prior to the effective date.” 

  
 57 

 Exhibit I 

CERTIFICATE OF SUBSEQUENT SALE 

Computershare Trust Company, N.A. 
  

	 	RE:	 Sale of Ordinary Shares of MeiraGTx Holdings plc (the “Company”) pursuant to the
Company’s Prospectus dated _____________, ____ (the “Prospectus”) 

 Dear Sir/Madam: 

The undersigned hereby certifies, in connection with the sale of Ordinary Shares of the Company included in the table of Selling Shareholders in the
Prospectus, that the undersigned has sold the shares pursuant to the Prospectus and in a manner described under the caption “Plan of Distribution” in the Prospectus and that such sale complies with all securities laws applicable to the
undersigned, including, without limitation, the Prospectus delivery requirements of the Securities Act of 1933, as amended. 
  

			
	Selling Shareholder (the beneficial owner):	 	 

  

			
	Record Holder (e.g., if held in name of nominee):	 	 

  

			
	Book Entry Position or Restricted Share Certificate No.(s):	 	 

  

			
	Number of Shares Sold:	 	 

  

			
	Date of Sale:	 	 

 In the event that you receive a share certificate(s) or evidence of a book entry position representing more Ordinary Shares
than have been sold by the undersigned, then you should return to the undersigned a newly issued certificate or book entry position for such excess shares in the name of the Record Holder and BEARING A RESTRICTIVE LEGEND. Further, you should
place a stop transfer on your records with regard to such certificate. Notwithstanding the foregoing, in the event that the undersigned executes and delivers to you and to the Company the certification set forth on Annex I, upon instructions from
the Company, you should return to the undersigned a newly issued certificate or book entry position for such excess Ordinary Shares in the name of the Record Holder without any restrictive legend. In addition, no subsequent certification will be
required to be delivered to you by the undersigned provided that the representations and warranties set forth on Annex I have been delivered to you and continue to be accurate. 

 

									
		 		 		 	Very truly yours,

									
					
	Dated:	 	 	 		 	By:	 	 

									
					
		 		 		 	Print Name:	 	 
					
		 		 		 	Title:	 	 

  

	cc:	 MeiraGTx Holdings plc 

430 East 29th Street, 10th Floor 

New York, NY 
 Attn: Rich Giroux

  
 58 

 Annex I 

In connection with any excess shares to be returned to the Selling Shareholder upon a sale of Ordinary Shares of MeiraGTx Holdings plc (the
“Company”) included in the table of Selling Shareholders in the Prospectus, the undersigned hereby certifies to the Company and Computershare Trust Company, N.A. that: 

1.    In connection with the sale by the undersigned shareholder of any of the Ordinary Shares, the undersigned shareholder will deliver a
copy of the Prospectus included in the Registration Statement to the purchaser directly or through the undersigned shareholder’s broker-dealer in compliance with the requirements of the Securities Act of 1933, as amended, and the Securities
Exchange Act of 1934, as amended. 
 2.    Any such sale will be made only in the manner described under “Plan of Distribution”
in the Prospectus. 
 3.    The undersigned shareholder will only sell the Ordinary Shares while the Registration Statement is effective,
unless another exemption from registration is available. 
 4.    The Company and its attorneys may rely on this letter to the same
extent as if it were addressed to them. 
 5.    The undersigned shareholder agrees to notify you immediately of any development or
occurrence which to his, her or its knowledge would render any of the foregoing representations and agreements inaccurate. 
 All terms not defined herein
are as defined in the Securities Purchase Agreement entered into in [                ], 2019 among the Company and the Investors. 

 

									
		 		 		 	Very truly yours,

									
					
	Dated:	 	 	 		 	By:	 	 

									
					
		 		 		 	Print Name:	 	 
					
		 		 		 	Title:	 	 

  
 59

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