Document:

Unassociated Document

    Exhibit
10.41

    Business
License of Incorporation

    (Duplicate)

    Register
No.: 350582100117205 (changed)

    
      	
              Enterprise
      name

            	
              Jinjiang
      Guanke Electron Co., Ltd.

            
	
              Business
      Address

            	
              Houlin
      Guanke Technology Park Luoshan Subdistrict, Jinjiang
  County

            
	
              Legal
      representative

            	
              Ke
      Wenpu

            
	
              Registered
      capital

            	
              Seventeen
      Million Yuan

            
	
              Paid-in
      capital

            	
              Seventeen
      Million Yuan

            
	
              Enterprise
      type

            	
              Limited
      liability (sole investment by legal representative)

            
	
              Business
      scope

            	
              R
      & D and sales of computer software and hardware; wholesale and retail
      of electronic products, computers, digital products, electromechanical
      products, communication equipment, web products, computer accessories,
      plastic products, textiles, mineral products (except state-controlled
      products), metal materials and auto parts; acquisition of agricultural
      by-products (excluding foodstuffs and seeds) and electronic technology
      services; import & export business of goods and technology (excluding
      state-prohibited goods and technology for import & export). (When the
      above business scope involves in licensed items, the business shall be
      approved by relevant authorities)

            
	
              Established
      date

            	
              May
      12, 2010

            
	
              Business
      period

            	
              From
      May 12, 2010 to May 11, 2020

            

    

    

    

    Duplicate
No.: 1-1

    Explanation

    

    
      	
              1.  

            	
              “Business
      License of Incorporation” is a certificate for the enterprise’s corporate
      qualification and legal business
operation.

            

    

    
      	
              2.  

            	
              “Business
      license of Incorporation” consists of an original and a duplicate that are
      of the same legal authentification.

            

    

    
      	
              3.  

            	
              The
      original shall be put in a conspicuous place of its business
      location.

            

    

    
      	
              4.  

            	
              Business
      License must not be forged, altered, rented, lent or
      transferred.

            

    

    
      	
              5.  

            	
              When
      changes of register items take place, incorporation shall apply to the
      register organ for register of modification and change a new
      license.

            

    

    
      	
              6.  

            	
              During
      Mar. 1 to Jul. 30 every year, incorporation shall accept the annul
      examination.

            

    

    
      	
              7.  

            	
              After
      the Business License of Incorporation is revoked, business irrelevant to
      settlement is prohibited.

            

    

    
      	
              8.  

            	
              When
      incorporation cancels registration, he shall return back original and
      duplicate copies of business
license.

            

    

    
      	
              9.  

            	
              If
      the Business License of Incorporation is lost or damaged, incorporation
      shall make a declaration for cancelation on newspaper specified by the
      register organ and apply for a new
license.

            

    

    

    Situations
of annual examination

    
      	 
      	 
      	 
      	 
      

    

    
      
      

    

     

    
      	
              Register
      organ

            	
                    
                Jinjiang
      Municipal Bureau of Industrial and Commercial Administration
      <Seal>

              

            
	
            	
                 
      Aug. 31, 2010Dated
December 14, 2010

     

    Between

     

    Wafergen
Bio-Systems Inc

     

    and

     

    Malaysian
Technology Development Corporation Sdn Bhd

     

    and

     

    Wafergen
Biosystems (M) Sdn Bhd

    

    
      Share
Subscription

      Agreement

    

    
      Proposed
subscription of shares in Wafergen

      Biosystems
(M) Sdn Bhd

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    Contents

    

    
      
        
          
            	
                    Recitals

                  	
                    1

                  
	 
      	 
      	 
      
	
                    1

                  	
                    Definitions and
    Interpretations

                  	
                    2

                  
	 
      	
                    1.1       
      Definitions

                  	
                    2

                  
	 
      	
                    1.2       
      Interpretation

                  	
                    4

                  
	 
      	 
      	 
      
	
                    2.

                  	
                    Conditions

                  	
                    4

                  
	 
      	
                    2.1       
      Conditions
      Precedent

                  	
                    4

                  
	 
      	
                    2.2       
      Non-fulfillment

                  	
                    5

                  
	 
      	 
      	 
      
	
                    3.

                  	
                    Share Capital

                  	
                    5

                  
	 
      	
                    3.1       
      Subscription for Preference
      Shares

                  	
                    5

                  
	 
      	 
      	 
      
	
                    4.

                  	
                    Subscription Completion
Date

                  	
                    5

                  
	 
      	 
      	 
      
	
                    4A.

                  	
                    Utilisation of Funds

                  	
                    6

                  
	 
      	 
      	 
      
	
                    5.

                  	
                    Undertakings, Warranties and Representations by
      the Parties

                  	
                    6

                  
	 
      	 
      	 
      
	
                    6

                  	
                    Put Options

                  	
                    7

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

                  	
                    7

                  
	 
      	
                    6.2       
      Investor’s Put Option for Series C
      RCPS

                  	
                    7

                  
	 
      	 
      	 
      
	
                    7.

                  	
                    Previous Agreements and Prevalence of
      Agreement

                  	
                    8

                  
	 
      	 
      	 
      
	
                    8.

                  	
                    Remedy on an Event of
    Default

                  	
                    8

                  
	 
      	 
      	 
      
	
                    9.

                  	
                    Confidentiality

                  	
                    9

                  
	 
      	 
      	 
      
	
                    10.

                  	
                    Further Assurance

                  	
                    9

                  
	 
      	 
      	 
      
	
                    11.

                  	
                    Remedies

                  	
                    9

                  
	 
      	 
      	 
      
	
                    12.

                  	
                    Waiver and Variation

                  	
                    9

                  
	 
      	
                    12.1      Rights not affected

                  	
                    9

                  
	 
      	
                    12.2      Cumulative rights and
    remedies

                  	
                    9

                  
	 
      	
                    12.3      Variation

                  	
                    10

                  
	 
      	 
      	 
      
	
                    13.

                  	
                    Severability

                  	
                    10

                  
	 
      	 
      	 
      
	
                    14.

                  	
                    Continuing Effect

                  	
                    10

                  
	 
      	 
      	 
      
	
                    15.

                  	
                    Time

                  	
                    10

                  
	 
      	 
      	 
      
	
                    16.

                  	
                    Legal Relationship

                  	
                    10

                  
	 
      	 
      	 
      
	
                    17.

                  	
                    Costs and Expenses

                  	
                    10

                  
	 
      	 
      	 
      
	
                    18.

                  	
                    Assignment; Successors

                  	
                    10

                  
	 
      	
                    18.1      Assignment

                  	
                    10

                  
	 
      	
                    18.2      Successors and assigns

                  	
                    10

                  
	 
      	 
      	 
      
	
                    19.

                  	
                    Notices

                  	
                    11

                  
	 
      	 
      	 
      
	
                    20.

                  	
                    Entire agreement

                  	
                    12

                  
	 
      	 
      	 
      
	
                    21.

                  	
                    Counterparts

                  	
                    12

                  
	 
      	 
      	 
      
	
                    22.

                  	
                    Governing Law and
    Jurisdiction

                  	
                    12

                  
	 
      	 
      	 
      
	
                    SCHEDULE 1

                  	
                    13

                  
	 
      	 
      	 
      
	 
      	
                    1.         
      Subscription Price and par
      value

                  	
                    13

                  
	 
      	
                    2.         
      Premium

                  	
                    13

                  
	 
      	
                    3.         
      Dividend
    Provision

                  	
                    13

                  

          

        

      

    

    
      
         

      

      
        Page | i

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      
        
          
            	 
      	
                    4.         
      Liquidation
      Preference

                  	
                    13

                  
	 
      	
                    5.         
      Conversion

                  	
                    13

                  
	 
      	
                    6.         
      [Deleted]

                  	
                    14

                  
	 
      	
                    7.         
      Redemption
    Rights

                  	
                    14

                  
	 
      	
                    8.         
      Voting Rights

                  	
                    14

                  
	 
      	
                    9.         
      Protective
      Provisions

                  	
                    14

                  
	 
      	
                    10.        No Variation

                  	
                    15

                  
	 
      	 
      
	
                    SCHEDULE 2

                  	
                    16

                  
	 
      	
                    1.         
      Representations and Warranties by the
      Investor

                  	
                    16

                  
	 
      	
                    2.         
      Representations and Warranties by the
      Existing Shareholder and the Company

                  	
                    16

                  
	 
      	 
      
	
                    SCHEDULE 3

                  	
                    18

                  

          

        

      

    

    
      
         

      

      
        Page | ii

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    This
Agreement is made on  December 14, 2010 between:

    

    
      	
              (1)

            	
              Wafergen
      Bio-Systems, Inc (WGBS.OB), a Nevada USA incorporated company with a
      registered address and place of business at 7400 Paseo Padre Parkway,
      Fremont, CA 94555, USA (“Existing
      Shareholder”);

            

    

    
       

      and

    

     

    
      	
              (2)

            	
              Malaysian
      Technology Development Corporation Sdn Bhd (Company No 235796-U), a
      company incorporated in Malaysia with a registered address at Level 8,
      Menara Yayasan Tun Razak, Jalan Bukit Bintang, 55100 Kuala Lumpur (“MTDC” or “Investor”);

            

    

       

    
      and

    

     

    
      	
              (3)

            	
              Wafergen
      Biosystems (M) Sdn Bhd  (Company No 795066-H), a company
      incorporated in Malaysia with a registered address at Suite 2-1, 2nd
      Floor, Menara Penang Garden, 42A, Jalan Sultan Ahmad Shah, 10050 Penang
      (“Company”).

            

    

     

    Recitals

     

    
      	
              (A)

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

            

    

     

    
      	
              (B)

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

            

    

     

    
      	
              (C)

            	
              The
      Existing Shareholder, the Company and MTDC have entered into a Share
      Subscription and Shareholders’ Agreement dated 8 May 2008 (“SSSA”) where MTDC agreed
      to subscribe for 888,888 Series A Redeemable Convertible Preference Shares
      (“Series A RCPS”)
      in the Company, pursuant to the terms and conditions in the SSSA. MTDC is,
      as at the date of this Agreement, the legal and beneficial owner of
      888,888 Series A RCPS in the
Company.

            

    

     

    
      	
              (D)

            	
              The
      Existing Shareholder, the Company, Prima Mahawangsa Sdn Bhd (“PMSB”) and Expedient
      Equity Ventures Sdn Bhd (“EEV”) have entered into
      a Share Subscription Agreement (“Subscription Agreement”)
      and Deed of Adherence (“DA”) both dated 3 April
      2009 where PMSB agreed to subscribe for 444,444 Series B Redeemable
      Convertible Preference Shares (“Series B RCPS”) in the
      Company and EEV agreed to subscribe for 222,222 Series B RCPS, pursuant to
      the terms and conditions in the Subscription Agreement and
    DA.

            

    

     

    
      	
               (E)

            	
              The
      Existing Shareholder, the Company and Kumpulan Modal Perdana Sdn Bhd
      (“KMP”) have
      entered into a Share Subscription Agreement and Deed of Adherence both
      dated 1 July 2009 where KMP agreed to subscribe for 188,057 Series
      B RCPS pursuant to the terms and conditions in the Share Subscription
      Agreement and Deed of Adherence both dated 1 July
  2009.

            

    

     

    
      	
              (F)

            	
              Pursuant
      to certain put agreements entered into with the Existing Shareholder, EEV
      and KMP have exercised their right to exchange the Series B RCPS held by
      them for shares in the Existing Shareholder and as at the date of this
      Agreement, the Series B RCPS shareholding in the Company is as
      follows:

            

    

     

    
      
         

      

      
        Page | 1

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      
        	
                PMSB

              	
                444,444

              
	
                Existing
      Shareholder

              	
                410,279

              

      

    

    

    
      	
              (G)

            	
              The
      Existing Shareholder and the Company intend to raise a further USD
      7,500,000 in multiple tranches.

            

    

     

    
      
        	
                (H)

              	
                The
      Existing Shareholder and the Company have invited MTDC, PMSB, EEV and KMP
      to participate in the subscription of the Series C Redeemable Convertible
      Preference Shares (“Series C RCPS”). PMSB,
      EEV and KMP have declined to subscribe for the Series C RCPS whereas MTDC
      has agreed to subscribe for the Series C RCPS upon the terms and subject
      to the conditions set out in this
Agreement.

              

      

    

     

    
      
        	
                (I)

              	
                The
      Existing Shareholder, the Company, MTDC and PMSB have entered into an
      amended and restated shareholders agreement simultaneously with this
      Agreement in place of the SSSA which will be
  terminated.

              

      

       

    

    
    

    It
is agreed as follows:

     

    
      	
              1

            	
              Definitions
      and Interpretations

            

    

     

    
    

    
      	
              1.1

            	
              Definitions

            

    

     

    In this
Agreement, unless the context otherwise requires:

     

    
      
        
          
            
              
                	
                        Act

                      	 
      	
                        means
      the Companies Act 1965;

                      
	 
      	 
      	 
      
	
                        Articles

                      	 
      	
                        means
      the articles of association of the Company;

                      
	 
      	 
      	 
      
	
                        Board

                      	 
      	
                        means
      the board of directors of the Company;

                      
	 
      	 
      	 
      
	
                        Conversion
      Shares

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

                      
	 
      	 
      	 
      
	
                        Encumbrance

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

                      
	 
      	 
      	 
      
	
                        Initial
      Closing

                      	 
      	
                        means
      completion of the subscription by MTDC of the relevant Tranche A Shares in
      accordance with Clauses 3 and 4 within fourteen (14) days from the date of
      this
Agreement;

                      

              

            

          

        

      

    

    
      
         

      

      
        Page | 2

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      
        
          
            	
                    Initial
      Closing Date

                  	 
      	
                    means
      fourteen (14) days from the date of this Agreement or such later date as
      MTDC, the Existing Shareholder and the Company may mutually agree
      on;

                  
	 
      	 
      	 
      
	
                    Initial
      Subscription Price

                     

                  	 
      	
                    means
      the Ringgit Malaysia equivalent to USD1.5462 calculated at the prevailing
      exchange rate on the date payment of the Initial Subscription Price is
      effected, payable by MTDC for each Series C RCPS under this Agreement, out
      of which RM0.01 is to be paid towards the par value of each Series C RCPS
      and the difference between the Initial Subscription Price and the par
      value of RM0.01 (constituting the subscription premium) is to be credited
      to the share premium account of the Company;

                  
	 
      	 
      	 
      
	
                    Parties

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

                  
	 
      	 
      	 
      
	
                    RCPS

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

                  
	 
      	 
      	 
      
	
                    Series
      C RCPS

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

                  
	 
      	 
      	 
      
	
                    Shares

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

                  
	 
      	 
      	 
      
	
                    Subscription
      Notice

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

                  
	 
      	 
      	 
      
	
                    Subsequent
      Closing

                  	 
      	
                    means
      completion of the subscription by MTDC of the relevant Tranche B Shares in
      accordance with Clauses 3 and 4 within thirty six (36) months from the
      Initial Closing Date;

                  
	 
      	 
      	 
      
	
                    Subsequent
      Closing Date

                  	 
      	
                    means
      within thirty six (36) months from the Initial Closing
    Date;

                  
	 
      	 
      	 
      
	
                    Subsequent
      Subscription Price

                  	 
      	
                    means
      the Ringgit Malaysia equivalent to USD2.3193 calculated at the prevailing
      exchange rate on the date payment of the Subsequent Subscription Price is
      effected, payable by MTDC for each Series C RCPS under this Agreement, out
      of which RM0.01 is to be paid towards the par value of each Series C RCPS
      and the difference between the Subsequent Subscription Price and the par
      value of RM0.01 (constituting the subscription premium) is to be credited
      to the share premium account of the
Company;

                  

          

        

      

    

    
      
         

      

      
        Page | 3

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      
        
          
            	
                    Tranche
      A Shares

                  	 
      	
                    means
      3,233,734 new Series C RCPS of RM0.01 each in the Company to be issued at
      the Initial Subscription Price;

                  
	 
      	 
      	 
      
	
                    Tranche
      B Shares

                  	 
      	
                    means
      1,077,911 new Series C RCPS of RM0.01 each in the Company to be issued at
      the Subsequent Subscription Price;

                  
	 
      	 
      	 
      
	
                    USD

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

                  
	 
      	 
      	 
      
	
                    Warranties

                  	
                      

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

                  

          

        

      

    

     

    
      	
              1.2

            	
              Interpretation

            

    

     

    
      	
               
      

            	
              In
      this Agreement, unless the context otherwise
  requires:

            

    

     

    
      	
               
      

            	
              (a) 

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

            

    

     

    
      	
               
      

            	
              (b) 

            	
              words
      importing the singular include the plural and vice
  versa;

            

    

     

    
      	
               
      

            	
              (c) 

            	
              words
      importing a gender include any
gender;

            

    

     

    
      	
               
      

            	
              (d) 

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

            

    

     

    
      	
               
      

            	
              (e) 

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

            

    

     

    
      	
               
      

            	
              (f) 

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

            

    

     

    
      	
               
      

            	
              (g) 

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

            

    

     

    
      	
              2.

            	
              Conditions

            

    

     

    
      	
              2.1

            	
              Conditions
      Precedent

            

    

     

    
      	
               
      

            	
              2.1.1

            	
              The
      subscription for the Series C RCPS by MTDC is subject to, and conditional
      upon, the fulfilment of the following conditions precedent within 14 days
      from the date of this Agreement (subject to extension by agreement of
      MTDC, the Existing Shareholder and the
Company):

            

    

     

    
      	
               
      

            	
              (a)

            	
              amendments
      to the Articles as are necessary to reflect in full the terms of this
      Agreement and the new shareholders agreement referred to in Recital (I);
      and

            

    

     

    
      	
               
      

            	
              (b)

            	
              execution
      of the new shareholders agreement referred to in Recital
    (I).

            

    

     

    
      
         

      

      
        Page | 4

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
              2.2

            	
              Non-fulfillment

            

    

     

    
      	
              2.2.1

            	
              If
      the conditions precedent in Sub-clauses 2.1.1 are not fulfilled within 14
      days from the date of this Agreement (or such later date as the relevant
      Parties may mutually agree on):

            

    

     

    
      	
               
      

            	
              (a)

            	
              this
      Agreement shall automatically cease and
  terminate;

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

            	
              none
      of the Parties shall have any claim against any other party in relation to
      this Agreement,

            

    

     

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

     

    
      	
              3.

            	
              Share
      Capital

            

    

     

    
      	
              3.1

            	
              Subscription
      for Preference Shares

            

    

     

    
      	
               
      

            	
              3.1.1

            	
              Subject
      to the terms and conditions of this Agreement, MTDC shall subscribe in
      cash for Tranche A Shares and the Company will allot and issue Tranche A
      Shares to MTDC, free from any Encumbrance at Initial
    Closing.

            

    

     

    
      	
               
      

            	
              3.1.2

            	
              Subject
      to the terms and conditions of this Agreement, MTDC shall have the option
      to subscribe for Tranche B Shares prior to the Subsequent Closing Date and
      the Company will allot and issue Tranche B Shares to MTDC, free from any
      Encumbrance at Subsequent Closing.

            

    

     

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

    

     

    
      	
               
      

            	
              3.1.3

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

            

    

     

    
      	
               
      

            	
              3.1.4

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

            

    

     

    
      	
              4.

            	
              Subscription
      Completion Date

            

    

     

    
      	
              4.1

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

            

    

     

    
      	  	
              (a) 

            	
              Tranche
      A Shares at the Initial Closing;
and

            

    

     

    
      
         

      

      
        Page | 5

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
               
      

            	
              (b)

            	
              Tranche
      B Shares at the Subsequent Closing;

            

    

     

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

     

    
      	
              4.2

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

            

    

     

    
      	
               
      

            	
              (a)

            	
              at
      the Initial Closing, the share certificates in respect of the Series C
      RCPS, a certified extract of the shareholders’ resolution of the Company
      approving the subscription of the Tranche A Shares by MTDC at the Initial
      Closing (including amendment of the Articles of Association of the Company
      where required), pursuant to the terms and subject to the conditions of
      this Agreement;

            

    

     

    
      	
               
      

            	
              (b)

            	
              at
      the Subsequent Closing, the share certificates in respect of the Series C
      RCPS, a certified extract of the shareholders’ resolution of the Company
      approving the subscription of the Tranche B Shares at the Subsequent
      Closing, pursuant to the terms and subject to the conditions of this
      Agreement; and

            

    

     

    
      
        	
              	
                (c)

              	
                a
      certified extract of the resolution of the Board confirming the allotment
      and issue of the relevant number of the Series C RCPS to be subscribed by
      the Investor at both the Initial Closing and Subsequent Closing and
      pursuant
      to the relevant Subscription
Notice.

              

      

    

     

    
      	
              4A.

            	
              Utilisation
      of Funds

            

    

     

    
      	
              4A.1

            	
              The
      Parties agree that investment amounts raised through the issuance of the
      Series C RCPS will be utilised for the working capital requirements of the
      Company and/or loaned to the Existing Shareholder for its working capital
      requirements, as determined by the Existing
  Shareholder.

            

    

     

    
      	
              5.

            	
              Undertakings,
      Warranties and Representations by the
Parties

            

    

     

    
      	
              5.1

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

            

    

     

    
      	
              5.2

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

            

    

     

    
      
         

      

      
        Page | 6

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    
    

     

    
      	
              5.3

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

            

    

     

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

     

    
      	
              5.4

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

            

    

     

    
      	
               
      

            	
              (a)

            	
              a
      breach of a Warranty;

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

            	
              any
      Warranty being misleading in any
respect,

            

    

     

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

     

    
      	
              6

            	
              Put
      Options

            

    

     

    
      	
              6.1

            	
              Investor’s
      Put Right for shares in the Existing
Shareholder

            

    

     

    The
Existing Shareholder will grant to the Investor an option to exchange all the
Series C RCPS held by the Investor for shares in the Existing Shareholder upon
the terms and conditions of the Put Agreement to be entered into between the
Existing Shareholder and the Investor.

     

    
      	
              6.2

            	
              Investor’s
      Put Option for Series C RCPS

            

    

     

    
      	
               
      

            	
              If
      the Investor is prohibited under US Federal or State Law from exchanging
      the Series C RCPS it holds for shares in the Existing Shareholder on the
      selected exchange date (“Exchange Date”) in
      accordance with the Put Agreement referred to in Clause 6.1, the Investor
      shall have the option to require the Existing Shareholder to purchase all
      (but not less than all) of the Series C RCPS held by the Investor, upon
      thirty (30) days’ notice in writing to the Existing Shareholder. The price
      payable for each Series C RCPS shall be at a price equal to the lower
      of:

            

    

     

    
      
        	  	
                (i)

              	
                USD2.25;
      or

              

      

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      closing share price of the Existing Shareholder on the over-the-counter
      bulletin board or relevant stock exchange (as the case may be) on the
      Exchange Date.

            

    

     

    The
option shall be exercisable for as long as MTDC is the holder of Series C RCPS
in the Company and any time after the Initial Closing or Subsequent Closing
(where relevant) and subject to and in accordance with the Put
Agreement.

    
      
         

      

      
        Page | 7

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
              7.

            	
              Previous
      Agreements and Prevalence of
Agreement

            

    

     

    
      	
              7.1

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

            

    

     

    
      	
              8.

            	
              Remedy
      on an Event of Default

            

    

     

    
      	
              8.1

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

            

    

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

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

            

    

     

    
      	
              8.2

            	
              In
      the event of an Event of Default taking place prior to the Initial
      Closing,

            

    

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

            	
              where
      MTDC is the defaulting Party, the Company and the Existing Shareholder
      shall be entitled to terminate this Agreement as against
    MTDC,

            

    

     

    
      	
               
      

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

            

    

     

    
      	
              8.3

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

            

    

     

    
      	
              8.4

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

            

    

     

    
      
         

      

      
        Page | 8

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
              9.

            	
              Confidentiality

            

    

     

    Parties shall:

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      
        	  
    	
                (b)

              	
                not
      disclose any provision of this Agreement
except:

              

      

    

     

    
      	
               
      

            	
              (i)

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

            

    

     

    
      	  
    	
              (ii)

            	
              to
      any financier or professional adviser acting for the party;
    or

            

    

     

    
      	
               
      

            	
              (iii)

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

            

    

     

    
      	
               
      

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

            

    

     

    
      	
               
      

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

            

    

     

    
      	
              10.

            	
              Further
      Assurance

            

    

     

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

     

    
      	
              11.

            	
              Remedies

            

    

     

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

     

    
      	
              12.

            	
              Waiver
      and Variation

            

    

     

    
      	
              12.1

            	
              Rights
      not affected

            

    

     

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

     

    
      	
              12.2

            	
              Cumulative
      rights and remedies

            

    

     

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

    
      
         

      

      
        Page | 9

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      	
              12.3

            	
              Variation

            

    

     

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

     

    
      	
              13.

            	
              Severability

            

    

     

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

     

    
      	
              14.

            	
              Continuing
      Effect

            

    

     

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

     

    
      	
              15.

            	
              Time

            

    

     

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

     

    
      	
              16.

            	
              Legal
      Relationship

            

    

     

    
      	
               
      

            	
              Nothing
      in this Agreement shall create, or be regarded as creating, a partnership
      or the relationship of employer and employee between the Parties. None of
      the Parties shall have any authority to bind the other in any
      way.

            

    

     

    
      	
               
      

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

            

    

     

    
      	
              17.

            	
              Costs
      and Expenses

            

    

     

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

     

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

     

    (b)           notarisation
and the commercial register.

     

    
      	
              18.

            	
              Assignment;
      Successors

            

    

     

    
      	
              18.1

            	
              Assignment

            

    

     

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

     

    
      	
              18.2

            	
              Successors
      and assigns

            

    

     

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

    
      
         

      

      
        Page | 10

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
              19.

            	
              Notices

            

    

     

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

            

    

     

    
      	
               
      

            	
              (a)

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

            

    

     

    For the
Investor:

    Malaysian
Technology Development Corporation Sdn Bhd

    Level 8,
Menara Yayasan Tun Razak,

    Jalan
Bukit Bintang,

    55100
Kuala Lumpur

    Attn:
Norhalim Bin Yunus, Chief Executive Officer

    Tel:
03-2172 6000

    Fax:
03-2163 7542

     

    For the
Existing Shareholder:

    Wafergen
Bio-Systems Inc

    7400
Paseo Padre Parkway

    Fremont,
CA 94555, USA

    Attn:
Alnoor Shivji

    Tel: +1
(510) 468-0546

    Fax: +1
(510) 651-4599

     

    For the
Company:

    Wafergen Biosystems (M) Sdn
Bhd

    Suite
B.3(2), Ground Floor

    KHTP
Business Centre

    KHTP,
09000 Kulim

    Kedah
Darul Aman, Malaysia

    Tel:
+6019 312 4751

    Fax: +604
402 3305

    Attn:
Nazri Said

    
      
         

      

      
        Page | 11

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      	
               
      

            	
              (b)

            	
              must
      be signed; and

            

    

     

    
      	
               
      

            	
              (c)

            	
              will
      be taken to be duly given or made:

            

    

     

    
      	
               
      

            	
              (i)

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

            

    

     

    
      	
               
      

            	
              (ii)

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

            

    

     

    
      	
               
      

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

            

    

     

    
      	
              20.

            	
              Entire
      agreement

            

    

     

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

     

    
      	
              21.

            	
              Counterparts

            

    

     

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

     

    
      	
              22.

            	
              Governing
      Law and Jurisdiction

            

    

     

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

    
      
         

      

      
        Page | 12

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    SCHEDULE
1

    

    Principal
Terms of the Series C RCPS

     

    
      	
              1. 

            	
              Subscription
      Price and par value

            

    

     

    The
subscription price for each Series C RCPS at the Initial Closing shall be
Ringgit Malaysia equivalent to USD1.5462 calculated at the prevailing exchange
rate on the date of payment of the Initial Subscription Price is effected. The
subscription price for each Series C RCPS at the Subsequent Closing shall be
Ringgit Malaysia equivalent to USD2.3193 calculated at the prevailing exchange
rate on the date of payment of the Subsequent Subscription Price is effected.
Each Series C RCPS shall have a par value of RM0.01.

     

    
      	
              2.

            	
              Premium

            

    

     

    Each
Series C RCPS shall be issued at a premium being the difference between the
Initial Subscription Price or Subsequent Subscription Price (as the case may be)
and the par value of RM0.01.

     

    
      	
              3.

            	
              Dividend
      Provision

            

    

     

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

     

    
      	
              4.

            	
              Liquidation
      Preference

            

    

     

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

     

    
      	
              5.

            	
              Conversion

            

    

     

    Each
holder of the Series C RCPS will have the right, at the option of the holder at
any time, to convert all or part of the Series C RCPS into such number of Shares
at a conversion ratio of one hundred-to-one (100 Series C RCPS : 1
Share).

     

    The
conversion is to be effected by way of consolidating the par value of every one
hundred Series C RCPS of RM0.01 each, into the total par value of RM1.00 of each
Share.

     

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

     

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

    
      
         

      

      
        Page | 13

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

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

     

    
      	
              6.

            	
              [Deleted]

            

    

     

    
      	
              7.

            	
              Redemption
      Rights

            

    

     

    
      	
              7.1

            	
              The
      Company may redeem any or all Series C RCPS registered in the name of the
      holder of the Series C RCPS at any time if the Company is prohibited from
      granting a loan to the Existing Shareholder using the proceeds from the
      issuance of the Series C RCPS due to legal or regulatory restrictions in
      Malaysia, by giving a Notice of Redemption. The Series C RCPS will be
      redeemable from funds legally available for distribution at the redemption
      price (“Redemption
      Price”) which comprises a par value of RM0.01 with redemption
      premium equivalent to the difference between (i) the aggregate of the
      Initial Subscription Price or Subsequent Subscription Price (as the case
      may be) and such price multiplied at the rate of 5% per annum prorated by
      day, up to the date of the redemption based on a 365-days year (and
      without any compounding or addition to the principal Initial Subscription
      Price or Subsequent Subscription Price (as the case may be)) and (ii) the
      par value of RM0.01 per Series C RCPS plus all accrued but unpaid
      dividends and dividends in arrears, if
any.

            

    

     

    
      	
              7.2

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

            

    

     

    
      	
               
      

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

            

    

     

    
      	
              8.

            	
              Voting
      Rights

            

    

     

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

     

    
      	
              9.

            	
              Protective
      Provisions

            

    

     

    Without
the approval of the holder of the Series C RCPS, the Company will not take any
action, whether by merger, consolidation or otherwise, that:

    
      
         

      

      
        Page | 14

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

            	
              increases
      or decreases the number of authorized  Series C
      RCPS,

            

    

     

    
      	
               
      

            	
              (e)

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

            

    

     

    
      	
               
      

            	
              (f)

            	
              changes
      the number of directors,

            

    

     

    
      	
               
      

            	
              (g)

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

            

    

     

    
      	
               
      

            	
              (h)

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

            

    

     

    
      	
               
      

            	
              (i)

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

            

    

     

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

     

    
      	
              10.

            	
              No
      Variation

            

    

     

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

     

    [The remainder of this page is
intentionally left blank]

    
      
         

      

      
        Page | 15

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    SCHEDULE
2

    

    Representations
and Warranties

     

    
      	
              1.

            	
              Representations
      and Warranties by the Investor

            

    

     

    The
Investor warrants to the Company and the Existing Shareholder as
follows.

     

    
      	
               
      

            	
              1.1

            	
              Capacity and
      Authority

            

    

     

    The
Investor is duly incorporated and validly exists under the laws of Malaysia and
has the power to own its assets and carry on its business as now being
conducted.

     

    
      	
               
      

            	
              1.2

            	
              Power to execute this
      Agreement

            

    

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

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

            

    

     

    
      	
               
      

            	
              (e)

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

            

    

     

    
      	
              2.

            	
              Representations
      and Warranties by the Existing Shareholder and the
  Company

            

    

     

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

    

     

    
      	
               
      

            	
              2.1

            	
              Capacity and
      Authority

            

    

     

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

    
      
         

      

      
        Page | 16

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    
      	
               
      

            	
              2.2

            	
              Power to execute this
      Agreement

            

    

     

    
      	
               
      

            	
              (a)

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

            

    

     

    
      	
               
      

            	
              (b)

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

            

    

     

    
      	
               
      

            	
              (c)

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

            

    

     

    
      	
               
      

            	
              (d)

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

            

    

     

    
      	
               
      

            	
              (e)

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

            

    

     

     [The remainder of this page is
intentionally left blank]

    
      
         

      

      
        Page | 17

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    SCHEDULE
3

     

    Subscription
Notice

     

    From:                  Wafergen
Biosystems (M) Sdn Bhd

     

    To:                      Malaysian
Technology Development Corporation Sdn Bhd

     

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

     

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

     

    We hereby give you notice, in
accordance with the terms and conditions of the Subscription Agreement, of your
required subscription for [3,233,734/1,077,911]* of the Series C RCPS at a total
Subscription Price of [USD 5,000,000/USD 2,500,000]* (equivalent to RM ** based
on the exchange rate as at **), such subscription to be completed on [date] at
[time], being the [Initial Closing/Subsequent Closing]*.

     

    Dated:

     

    Yours
faithfully

    For and
on behalf of

    Wafergen
Biosystems (M) Sdn Bhd

     

    By:

     

    Name:

     

    Title:

     

    * (delete whichever is not
applicable)

    
      
         

      

      
        Page | 18

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

     

    Execution

     

    Executed
as an Agreement.

    

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

                  	
                    

                  	
                      
      

                  
	
                         

                  	 
      	
                         

                  
	
                    Witness

                  	 
      	
                    Signatory

                  
	
                    Name:

                  	 
      	
                    Name:

                  
	
                    NRIC
      No:

                  	 
      	
                    Designation:

                  
	 
      	 
      	
                    NRIC
      No:

                  

          

        

      

    

    

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

                  	
                    

                  	 
      
	
                         

                  	 
      	
                         

                  
	
                    Witness

                  	 
      	
                    Signatory

                  
	
                    Name:

                  	 
      	
                    Name:

                  
	
                    NRIC
      No:

                  	 
      	
                    Designation:

                  
	 
      	 
      	
                    NRIC
      No:

                  

          

        

      

    

    
      
         

      

      
        Page | 19

        
          

        

      

      
         

      

    

    Series C Share Subscription
Agreement |

    

    
      
        
          
            	
                    Signed
      for and on behalf of Malaysian Technology
      Development Corporation Sdn Bhd (Company No 235796-U) in the
      presence of:

                  	
                    

                  	
                      
      

                  
	
                         

                  	 
      	
                         

                  
	
                    Witness

                  	 
      	
                    Signatory

                  
	
                    Name:

                  	 
      	
                    Name:

                  
	
                    NRIC
      No:

                  	 
      	
                    Designation:

                  
	 
      	 
      	
                    NRIC
      No:

                  

          

        

      

    

    
      
         

      

      
        Page | 20

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