Document:

Exhibit 10.1

 

INTERNATIONAL STEM CELL CORPORATION

PROMISSORY NOTE

 

FOR VALUE RECEIVED, and subject to the terms and
conditions set forth herein, on this 15th day of September, 2022 (the “Issuance Date”), International Stem Cell Corporation,
a Delaware corporation, with offices located at 9745 Businesspark Ave, San Diego, CA (the “Borrower”), hereby unconditionally
promises to pay to the order of Andrey Semechkin or his assigns (the “Noteholder”), the principal amount of two
million and nine hundred thousand U.S. dollars ($2,900,000) (the “Loan”), together with all accrued interest thereon,
as provided in this Promissory Note (the “Note”).

 

WHEREAS, on March 1, 2022 the Noteholder was issued
a Promissory Note in the principal amount of two million and nine hundred thousand U.S. dollars ($2,900,000) by the Borrower (the
“Original Note”);

 

WHEREAS, Borrower and Noteholder wish to extend
the Maturity Date of the Original Note by issuing this Promissory Note in exchange for the Original Note.

 

1. LOAN TERMS; PREPAYMENT 

 

1.1 Total Outstanding Principal. As of
the date of this Note, the total principal amount outstanding shall equal to two million and nine hundred thousand U.S. dollars ($2,900,000).

 

1.2 Final Payment Date. The aggregate unpaid
principal amount of the Loan and all accrued and unpaid interest, together with all accrued and unpaid interest payable on the Original
Note and any predecessor notes, shall be due and payable on March 15, 2023 (the “Maturity Date”).

 

1.3 Optional Prepayment. The Borrower may
prepay the Loan in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid
together with accrued interest thereon to the date of prepayment.

 

2. INTEREST.

 

2.1 Interest Rate. The outstanding principal
amount of the Loan made hereunder shall bear interest at the annual rate of four and a half percent (4.5%) from the Issuance Date
of this Note until the Loan is paid in full, whether at maturity, by prepayment or otherwise.

 

2.2 Interest Payment Dates. Interest shall
be payable on maturity, or earlier with respect to any prepayment.

 

2.3 Computation of Interest. All computations
of interest shall be made on the basis of a year of 360 days and the actual number of days elapsed. Interest shall begin to accrue on
the Loan on the Issuance Date, and shall not accrue on any portion of the Loan (including all of the Loan if so paid) for the day on which
such portion of the Loan is paid in full, whether at maturity, by prepayment, or otherwise.

 

 

 

 

 

    	 	1	 

     

    

 

2.4 Interest Rate Limitation. If at any
time and for any reason whatsoever, the interest rate payable on the Loan shall exceed the maximum rate of interest permitted to be charged
by the Noteholder to the Borrower under applicable law, such interest rate shall be reduced automatically to the maximum rate of interest
permitted to be charged under applicable law, and that portion of any sum paid attributable to that portion of such interest rate that
exceeds the maximum rate of interest permitted by applicable law shall be deemed a voluntary prepayment of principal.

 

3. PAYMENT MECHANICS 

 

3.1 All payments of principal and interest shall
be made in lawful money of the United States of America by check or by wire transfer of immediately available funds to the Noteholder’s
account at a bank specified by the Noteholder in writing to the Borrower from time to time.

 

4. STANDARD PROVISIONS 

 

4.1 Governing Law. This Note and any claim,
controversy, dispute or cause of action based upon, arising out of or relating to this Note, and the transactions contemplated hereby,
shall be governed by the laws of the State of California.

 

4.2 Counterparts. This Note may be executed
in two (2) or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same
instrument.

 

IN WITNESS WHEREOF, the Borrower has executed
this Note as of the Issuance Date written above.

 

	 	 	 	 	 
	BORROWER	 	 	 	NOTEHOLDER
	 	 	 
	International Stem Cell Corporation	 	 	 	Andrey Semechkin
	 	 	 
	 	 	 
	/s/ Russell Kern	 	 	 	/s/ Andrey Semechkin
	Signature	 	 	 	Signature

 

 

Russell Kern

Executive Vice President,

Chief Scientific Officer and

Principal Financial Officer

 

 

 

 

 

    	 	2Exhibit 10.1

 

DEBT AGREEMENT

 

This agreement is by and between:

 

WarpSpeed Taxi Inc.

 

and

 

Global Corporate Structural Services Inc.

 

WHEREAS:

 

		A.	WarpSpeed Taxi Inc. (“WarpSpeed”) owes $135,430.95 (the “Debt”) to Global Corporate
Structural Services Inc. (“GCSS”) as of the date of this Agreement in connection with the provision of marketing, beta testing,
cloning, and maintenance services in connection with the WarpSpeed Taxi computer application (the “Application”);

 

		B.	The parties wish to enter into an agreement regarding the settlement of the Debt and the continued maintenance
of the application;

 

NOW THEREFORE, IN CONSIDERATION of the mutual
covenants and other good and valuable consideration, the parties agree as follows:

 

		1.	In full and final satisfaction of the Debt and any other claims that GCSS has against WarpSpeed, the parties
hereby agree that WarpSpeed shall transfer its 100% interest in the Application to GCSS with the exception that WarpSpeed shall retain
a license (the “License”) for the sole and exclusive use of the Application in the United States.

 

		2.	Upon execution of the Agreement, WarpSpeed shall forthwith provide GCSS with a bill of sale whereby it
transfers its 100% interest, subject to the License, in the Application, including, without limitation, the software, trademarks, and
patents related to the Application to GCSS against GCSS and its principal, Salim Rana, delivering a general release of all claims to WarpSpeed.

 

The parties agree to and shall each do and perform
all further acts and execute all necessary documents as may be reasonably necessary to give effect this Debt Agreement.

 

DATED: September 15, 2022

 

	/s/ Mohammed Irfan Rafimiya Kazi
	 	/s/ Salim Rana
	WarpSpeed Taxi Inc	 	Global Corporate Structural Services Inc.EX-4.1

 Exhibit 4.1 
  

			
	NUMBER	  	SHARES
	C-	  	

 SEE REVERSE FOR 
 CERTAIN
DEFINITIONS 
 CUSIP 03214Q 108 

AMRPIUS TECHNOLOGIES, INC. 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 

COMMON STOCK 
 This Certifies that
                                        
is the owner of                                  

FULLY PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 

EACH OF THE COMMON STOCK OF 

AMPRIUS TECHNOLOGIES, INC. 

(THE “CORPORATION”) 

transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this certificate properly endorsed.

 This certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 

Witness the facsimile signatures of its duly authorized officers. 

Dated:                      

 

					
	Chief Executive Officer	 		 	Chief Financial Officer
			
	                                   
                         	 		 	                                   
                         

 AMPRIUS TECHNOLOGIES, INC. 

Upon written request of the recordholder of this certificate to the Corporation at its principal place of business or registered office, the Corporation will
furnish without charge to each recordholder who so requests the powers, designations, preferences and relative, participating, optional or other special rights of each class of stock or series thereof of the Corporation and the qualifications,
limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued and shall be held subject to all the provisions of the certificate of incorporation and bylaws of the Corporation and all
amendments thereto and resolutions of the Board of Directors providing for the issue of securities (copies of which may be obtained from the secretary of the Corporation), to all of which the holder of this certificate by acceptance hereof assents.

 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full
according to applicable laws or regulations: 
  

													
	TEN COM	  	    
 —
	 	as tenants in common	 	UNIF GIFT MIN ACT —	 	  
	  	Custodian	 	  

	TEN ENT	  	    
 —
	 	as tenants by the entireties	 		 	(Cust)	  		 	(Minor)
	JT TEN	  	    
 —
	 	 as joint tenants with right of survivorship
 and
not as tenants in common
	 		 	 under Uniform Gifts to Minors Act

(State)

 Additional abbreviations may also be used though not in the above list. 

 For value received,
                                        
hereby sells, assigns and transfers unto 
  
  

(PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER(S) OF ASSIGNEE(S)) 

 
  

(PLEASE PRINT OR TYPEWRITE NAME(S) AND ADDRESS(ES), INCLUDING ZIP CODE, OF ASSIGNEE(S)) 

 
  

Shares of the capital stock represented by the within Certificate, and does hereby irrevocably constitute and appoint 

 
  

Attorney to transfer the said stock on the books of the within named Corporation with full power of substitution in the premises. 

Dated:                      

 

	
	  

Shareholder

 NOTICE: THE SIGNATURE(S) TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN
EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER. 
  

	
	Signature(s) Guaranteed:
	By
	     

	     

 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS
AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15 (OR ANY SUCCESSOR RULE)).

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