Document:

Exhibit 10.1

 

STG Group,
Inc.

(Formerly
Global Defense & national Security Systems, Inc.)

2015 omnibus
incentive plan

 

NOTICE
OF RESTRICTED STOCK AWARD

 

 

	 	Grantee’s Name and Address: 	 	 	 	 
	 	 	 	 	 	 
	 	 	 	 	 	 

 

You (the “Grantee”) have been
granted shares of Common Stock of the Company (the “Award”), subject to the terms and conditions of this Notice of
Restricted Stock Award (the “Notice”), the Global Defense & National Security Systems, Inc. 2015 Omnibus Stock
Incentive Plan (the “Plan”), as amended from time to time, and the Restricted Stock Award Agreement (the “Agreement”)
attached hereto, as follows. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings
in this Notice.

 

	Date of Award	 	 	●	 
	Vesting Commencement Date	 	 	●	 
	Total Number of Shares of 

Common Stock Awarded (the “Shares”)	 	 	●	 

 

Vesting Schedule:

 

Subject to the Grantee’s Continuous
Service and other limitations set forth in this Notice, the Plan and the Agreement, the Shares will “vest” in accordance
with the following schedule:

 

		·	● Shares shall vest on the Date of Award.

 

		·	● Shares shall vest on ●; provided, that if prior to ●, the Grantee’s Continuous Service is terminated
(i) by removal for Cause, by his resignation, or as a result of his refusal to stand for election, such Shares shall not vest and
shall instead be forfeited immediately upon the occurrence of such termination, and (ii) for any reason other than as set forth
in clause (i), such Shares shall vest immediately upon the occurrence of such termination.

 

		·	● Shares shall vest on ●; provided, that if prior to ●, the Grantee’s Continuous Service is terminated
(i) by removal for Cause, by his resignation, or as a result of his refusal to stand for election, such Shares shall not vest and
shall instead be forfeited immediately upon the occurrence of such termination, and (ii) for any reason other than as set forth
in clause (i), such Shares shall vest immediately upon the occurrence of such termination.

 

    1

     

    

 

In the event of the Grantee’s change
in status from Employee, Director or Consultant to any other status of Employee, Director or Consultant, the Shares shall continue
to vest in accordance with the Vesting Schedule set forth above.

 

For purposes of this Notice and the Agreement,
the term “vest” shall mean, with respect to any Shares, that such Shares are no longer subject to forfeiture to the
Company. Shares that have not vested are deemed “Restricted Shares.” If the Grantee would become vested in a fraction
of a Restricted Share, such Restricted Share shall not vest until the Grantee becomes vested in the entire Share.

 

In the event the Grantee’s Continuous
Service is terminated by removal for Cause, by his resignation, or as a result of his refusal to stand for election any unvested
Restricted Shares held by the Grantee shall be deemed reconveyed to the Company and the Company shall thereafter be the legal and
beneficial owner of the Restricted Shares and shall have all rights and interest in or related thereto without further action by
the Grantee. The foregoing forfeiture provisions set forth in this Notice as to Restricted Shares shall apply to the new capital
stock or other property (including cash paid other than as a regular cash dividend) received in exchange for the Shares in consummation
of any transaction described in Section 11 of the Plan and such stock or property shall be deemed Additional Securities (as
defined in the Agreement) for purposes of the Agreement, but only to the extent the Shares are at the time covered by such forfeiture
provisions.

 

The Award shall be subject to the provisions
of Section 11 of the Plan in the event of a Corporate Transaction or Change in Control.

 

IN WITNESS WHEREOF, the Company and the
Grantee have executed this Notice and agree that the Award is to be governed by the terms and conditions of this Notice, the Plan
and the Agreement.

	 	STG Group, Inc.,
	 	 	 	 
	 	By: 	 	 
	 	 	 	 
	 	Title: 	 	 

 

THE GRANTEE ACKNOWLEDGES AND AGREES THAT NOTHING IN THIS NOTICE,
THE AGREEMENT NOR THE PLAN SHALL CONFER UPON THE GRANTEE ANY RIGHT WITH RESPECT TO CONTINUATION OF THE GRANTEE’S CONTINUOUS
SERVICE, NOR SHALL IT INTERFERE IN ANY WAY WITH THE GRANTEE’S RIGHT OR THE COMPANY’S RIGHT TO TERMINATE THE GRANTEE’S
CONTINUOUS SERVICE AT ANY TIME, WITH OR WITHOUT CAUSE, AND WITH OR WITHOUT NOTICE. THE GRANTEE ACKNOWLEDGES THAT UNLESS THE GRANTEE
HAS A WRITTEN EMPLOYMENT AGREEMENT WITH THE COMPANY TO THE CONTRARY, THE GRANTEE’S STATUS IS AT WILL.

 

    2

     

    

 

The Grantee acknowledges receipt of a copy
of the Plan and the Agreement and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts
the Award subject to all of the terms and provisions hereof and thereof. The Grantee has reviewed this Notice, the Agreement and
the Plan in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Notice and fully understands
all provisions of this Notice, the Agreement and the Plan. The Grantee hereby agrees that all questions of interpretation and
administration relating to this Notice, the Plan and the Agreement shall be resolved by the Administrator in accordance with Section 11
of the Agreement. The Grantee further agrees to the venue selection and waiver of a jury trial in accordance with Section 12
of the Agreement. The Grantee further agrees to notify the Company upon any change in the residence address indicated in this
Notice.

 

	Dated:  	 	 	Signed:  	 	 

 

 

    3

     

    

 

STG Group,
Inc.

(Formerly
Global Defense & national Security Systems, Inc.)

2015 omnibus
incentive plan

 

RESTRICTED STOCK AWARD AGREEMENT

 

1.             Issuance of Shares. STG Group, Inc., a Delaware corporation (the “Company”), hereby issues to the Grantee
(the “Grantee”) named in the Notice of Restricted Stock Award (the “Notice”), the Total Number of Shares
of Common Stock Awarded set forth in the Notice (the “Shares”), subject to the Notice, this Restricted Stock Award
Agreement (the “Agreement”) and the terms and provisions of the Company’s 2015 Omnibus Incentive Plan (the “Plan”),
as amended from time to time, which are incorporated herein by reference. Unless otherwise defined herein, the terms defined in
the Plan shall have the same defined meanings in this Agreement. All Shares issued hereunder will be deemed issued to the Grantee
as fully paid and nonassessable shares, and the Grantee will have the right to vote the Shares at meetings of the Company’s
stockholders. The Company shall pay any applicable stock transfer taxes imposed upon the issuance of the Shares to the Grantee
hereunder.

 

2.             Transfer Restrictions. The Shares issued to the Grantee hereunder may not be sold, transferred by gift, pledged,
hypothecated, or otherwise transferred or disposed of by the Grantee prior to the date when the Shares become vested pursuant to
the Vesting Schedule set forth in the Notice. Any attempt to transfer Restricted Shares in violation of this Section 2 will
be null and void and will be disregarded.

 

3.             Escrow of Stock. For purposes of facilitating the enforcement of the provisions of this Agreement, the Grantee agrees,
immediately upon receipt of the certificate(s) for the Restricted Shares, to deliver such certificate(s), together with an Assignment
Separate from Certificate in the form attached hereto as Exhibit A, executed in blank by the Grantee with respect
to each such stock certificate, to the Secretary or Assistant Secretary of the Company, or their designee, to hold in escrow for
so long as such Restricted Shares have not vested pursuant to the Vesting Schedule set forth in the Notice, with the authority
to take all such actions and to effectuate all such transfers and/or releases as may be necessary or appropriate to accomplish
the objectives of this Agreement in accordance with the terms hereof. The Grantee hereby acknowledges that the appointment of
the Secretary or Assistant Secretary of the Company (or their designee) as the escrow holder hereunder with the stated authorities
is a material inducement to the Company to make this Agreement and that such appointment is coupled with an interest and is accordingly
irrevocable. The Grantee agrees that the Restricted Shares may be held electronically in a book entry system maintained by the
Company’s transfer agent or other third party and that all the terms and conditions of this Section 3 applicable to certificated
Restricted Shares will apply with the same force and effect to such electronic method for holding the Restricted Shares. The Grantee
agrees that such escrow holder shall not be liable to any party hereto (or to any other party) for any actions or omissions unless
such escrow holder is grossly negligent relative thereto. The escrow holder may rely upon any letter, notice or other document
executed by any signature purported to be genuine and may resign at any time. Upon the vesting of Restricted Shares, the escrow
holder will, without further order or instruction, transmit to the Grantee the certificate evidencing such Shares; provided,
however, that no transmittal of certificates evidencing the Shares will occur unless and until the Grantee has satisfied
all Tax Withholding Obligations (as defined in Section 5(b) below).

 

    1

     

    

 

		4.	Additional Securities and Distributions.

 

(a)              
Any securities or cash received (other than a regular cash dividend) as the result of ownership of the Restricted Shares
(the “Additional Securities”), including, but not by way of limitation, warrants, options and securities received as
a stock dividend or stock split, or as a result of a recapitalization or reorganization or other similar change in the Company’s
capital structure, shall be retained in escrow in the same manner and subject to the same conditions and restrictions as the Restricted
Shares with respect to which they were issued, including, without limitation, the Vesting Schedule set forth in the Notice. The
Grantee shall be entitled to direct the Company to exercise any warrant or option received as Additional Securities upon supplying
the funds necessary to do so, in which event the securities so purchased shall constitute Additional Securities, but the Grantee
may not direct the Company to sell any such warrant or option. If Additional Securities consist of a convertible security, the
Grantee may exercise any conversion right, and any securities so acquired shall constitute Additional Securities. In the event
of any change in certificates evidencing the Shares or the Additional Securities by reason of any recapitalization, reorganization
or other transaction that results in the creation of Additional Securities, the escrow holder is authorized to deliver to the issuer
the certificates evidencing the Shares or the Additional Securities in exchange for the certificates of the replacement securities.

 

(b)              
The Company shall disburse to the Grantee all regular cash dividends with respect to the Shares and Additional Securities
(whether vested or not), less any applicable withholding obligations.

 

		5.	Taxes.

 

(a)              
Tax Liability. The Grantee is ultimately liable and responsible for all taxes owed by the Grantee in connection with
the Award, regardless of any action the Company or any Related Entity takes with respect to any tax withholding obligations that
arise in connection with the Award. Neither the Company nor any Related Entity makes any representation or undertaking regarding
the treatment of any tax withholding in connection with the grant or vesting of the Award or the subsequent sale of Shares subject
to the Award. The Company and its Related Entities do not commit and are under no obligation to structure the Award to reduce or
eliminate the Grantee’s tax liability. The following provisions of this Section 5 and related provisions in this Agreement
pertaining to withholding taxes shall not apply so long as the Grantee is providing services in a non-employee capacity.

 

(b)              
Payment of Withholding Taxes. Prior to any event in connection with the Award (e.g., vesting) that the Company determines
may result in any tax withholding obligation, whether United States federal, state, local or non-U.S., including any employment
tax obligation (the “Tax Withholding Obligation”), the Grantee must arrange for the satisfaction of the minimum amount
of such Tax Withholding Obligation in a manner acceptable to the Company.

 

    2

     

    

 

(i)                
By Share Withholding. The Grantee authorizes the Company to, upon the exercise of its sole discretion, withhold from
those Shares issuable to the Grantee the whole number of Shares sufficient to satisfy the minimum applicable Tax Withholding Obligation.
The Grantee acknowledges that the withheld Shares may not be sufficient to satisfy the Grantee’s minimum Tax Withholding
Obligation. Accordingly, the Grantee agrees to pay to the Company or any Related Entity as soon as practicable, including through
additional payroll withholding, any amount of the Tax Withholding Obligation that is not satisfied by the withholding of Shares
described above.

 

(ii)             
By Check, Wire Transfer or Other Means. At any time not less than five (5) business days (or such fewer number of
business days as determined by the Administrator) before any Tax Withholding Obligation arises (e.g., a vesting date), the Grantee
shall satisfy the Grantee’s Tax Withholding Obligation by delivering to the Company an amount that the Company determines
is sufficient to satisfy the Tax Withholding Obligation by (x) wire transfer to such account as the Company may direct, (y) delivery
of a certified check payable to the Company, or (z) such other means as specified from time to time by the Administrator.

Notwithstanding the foregoing, the Company also may satisfy any Tax Withholding Obligation by offsetting any amounts (including,
but not limited to, salary, bonus and severance payments) due to the Grantee by the Company.

 

(iii)           
By Sale of Shares. Notwithstanding (i) and (ii) above, the Company and Grantee may agree that the Grantee shall instruct
and authorize the Company and any brokerage firm determined acceptable to the Company for such purpose to sell on the Grantee’s
behalf a whole number of Shares from those Shares issuable to the Grantee as the Company determines to be appropriate to generate
cash proceeds sufficient to satisfy the minimum applicable Tax Withholding Obligation. Such Shares will be sold on the day such
Tax Withholding Obligation arises (e.g., a vesting date) or as soon thereafter as practicable. The Grantee will be responsible
for all broker’s fees and other costs of sale, and the Grantee agrees to indemnify and hold the Company harmless from any
losses, costs, damages, or expenses relating to any such sale. To the extent the proceeds of such sale exceed the Grantee’s
minimum Tax Withholding Obligation, the Company agrees to pay such excess in cash to the Grantee. The Grantee acknowledges that
the Company or its designee is under no obligation to arrange for such sale at any particular price, and that the proceeds of any
such sale may not be sufficient to satisfy the Grantee’s minimum Tax Withholding Obligation. Accordingly, the Grantee agrees
to pay to the Company or any Related Entity as soon as practicable, including through additional payroll withholding, any amount
of the Tax Withholding Obligation that is not satisfied by the sale of Shares described above.

 

6.             Stop-Transfer Notices. In order to ensure compliance with the restrictions on transfer set forth in this Agreement,
the Notice or the Plan, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any,
and, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. The
Company may issue a “stop transfer” instruction if the Grantee fails to satisfy any Tax Withholding Obligations.

 

    3

     

    

 

7.             Refusal to Transfer. The Company shall not be required (i) to transfer on its books any Shares that have been
sold or otherwise transferred in violation of any of the provisions of this Agreement or (ii) to treat as owner of such Shares
or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred.

 

8.              Restrictive Legends. The Grantee understands and agrees that the Company shall cause the legends set forth below
or legends substantially equivalent thereto, to be placed upon any certificate(s) evidencing ownership of the Shares together with
any other legends that may be required by the Company or by state or federal securities laws:

 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE RESTRICTED
BY THE TERMS OF THAT CERTAIN RESTRICTED STOCK BONUS AWARD AGREEMENT BETWEEN THE COMPANY AND THE NAMED STOCKHOLDER. THE SHARES REPRESENTED
BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH SUCH AGREEMENT, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF
THE COMPANY.

 

9.             Entire Agreement; Governing Law. The Notice, the Plan and this Agreement constitute the entire agreement of the parties
with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company
and the Grantee with respect to the subject matter hereof, and may not be modified adversely to the Grantee’s interest except
by means of a writing signed by the Company and the Grantee. These agreements are to be construed in accordance with and governed
by the internal laws of the State of Delaware without giving effect to any choice of law rule that would cause the application
of the laws of any jurisdiction other than the internal laws of the State of Delaware to the rights and duties of the parties.
Should any provision of the Notice or this Agreement be determined to be illegal or unenforceable, the other provisions shall nevertheless
remain effective and shall remain enforceable.

 

10.           Construction. The captions used in the Notice and this Agreement are inserted for convenience and shall not be deemed
a part of the Award for construction or interpretation. Except when otherwise indicated by the context, the singular shall include
the plural and the plural shall include the singular. Use of the term “or” is not intended to be exclusive, unless
the context clearly requires otherwise.

 

11.           Administration and Interpretation. Any question or dispute regarding the administration or interpretation of the
Notice, the Plan or this Agreement shall be submitted by the Grantee or by the Company to the Administrator. The resolution of
such question or dispute by the Administrator shall be final and binding on all persons.

 

    4

     

    

 

12.           Venue and Waiver of Jury Trial. The parties agree that any suit, action, or proceeding arising out of or relating
to the Notice, the Plan or this Agreement shall be brought in the United States District Court for the Eastern District of Virginia
(or should such court lack jurisdiction to hear such action, suit or proceeding, in a court of the Commonwealth of Virginia sitting
in the County ofFairfax) and that the parties shall submit to the jurisdiction of such court. The parties irrevocably waive, to
the fullest extent permitted by law, any objection the party may have to the laying of venue for any such suit, action or proceeding
brought in such court. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION
OR PROCEEDING. If any one or more provisions of this Section 12 shall for any reason be held invalid or unenforceable, it
is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its
application valid and enforceable.

 

13.           Notices. Any notice required or permitted hereunder shall be given in writing and shall be deemed effectively given
(i) upon personal delivery, or (ii) two business days following deposit for delivery by an internationally recognized express mail
courier service or deposit in the United States mail by certified mail (if the parties are within the United States), with postage
and fees prepaid, addressed to the other party at its address as shown in these instruments, or to such other address as such party
may designate in writing from time to time to the other party.

 

END OF AGREEMENT

 

    5

     

    

 

EXHIBIT A

 

STOCK ASSIGNMENT SEPARATE FROM
CERTIFICATE

 

In accordance with, and subject
to the terms of, the Restricted Stock Award Agreement between STG Group, Inc. a Delaware corporation (the “Company”)
and the Company’s 2015 Omnibus Incentive Plan, FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto
the Company, _________ (______) shares of the Common Stock of the Company, standing in his name on the books of, the Company
represented by Certificate No. herewith, and does hereby irrevocably constitute and appoint the Secretary of the Company
attorney to transfer the said stock in the books of the Company with full power of substitution.

 

 

	DATED: 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	Name:	 

 

 

[Please sign this document
but do not date it. The date and information of the transferee will be completed if and when the shares are assigned.]

 

    1EX-10.1

 Exhibit 10.1 

GI DYNAMICS, INC. 
  

 

NOTE PURCHASE AGREEMENT 

 
  

 GI DYNAMICS, INC. 

NOTE PURCHASE AGREEMENT 

THIS NOTE PURCHASE AGREEMENT (this
“Agreement”) is made as of the 15th day of June, 2017 (the “Effective Date”) by and among GI DYNAMICS, INC., a Delaware corporation (the
“Company”), and CRYSTAL AMBER FUND LIMITED (the “Purchaser”). Capitalized terms used herein and not
otherwise defined herein shall have the respective meanings given to them in the Note (as defined below). 
 The parties hereby agree as follows:

 1. AMOUNT AND TERMS OF THE LOAN 

1.1 The Loan. Subject to the terms of this Agreement, the Purchaser agrees to purchase from the Company, and the Company agrees to issue
and sell to the Purchaser, a senior secured convertible promissory note in the aggregate principal amount of Five Million dollars (US$5,000,000) (the “Loan Amount”) and in substantially the form attached hereto as
Exhibit A (the “Note”). The Note may be converted into Chess Depositary Interests (“CDIs”) (with each CDI representing 1/50th of a
share of the Company’s common stock, $0.01 par value per share (the “Common Stock”)) as provided in such Note. 
 2.
THE CLOSING 
 2.1 Closing Date. The closing of the purchase and sale of the Note (the
“Closing”) shall be held on the Effective Date or at such other time as the Company and the Purchaser shall agree (the “Closing Date”). 

2.2 Delivery. At the Closing (i) the Purchaser will deliver to the Company a check or wire transfer funds in an amount equal to the
Loan Amount; (ii) the Company shall issue and deliver the Note to the Purchaser; and (iii) the Company shall execute and deliver such other documents as the Purchaser shall reasonably require, including a Security Agreement in the form
attached hereto as Exhibit B. 
 3. REPRESENTATIONS, WARRANTIES AND COVENANTS
OF THE COMPANY 
 The Company hereby represents and warrants to the Purchaser, as of the
date hereof and as of the Closing Date, as follows: 
 3.1 Organization; Good Standing and Qualification. The Company is a corporation
duly organized, validly existing, and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own its property and carry on its business as now conducted. The Company is duly qualified to
transact business and is in good standing in the Commonwealth of Massachusetts and in each jurisdiction in which the failure to be so qualified could have a material adverse effect on its business or properties. 

  
 2 

 3.2 Corporate Power. The Company has all requisite corporate power to execute and deliver
this Agreement, the Note and the Security Agreement in favor of the Purchaser and any other document provided for herein or by any of the foregoing (collectively, as the same may from to time be amended, modified, supplemented or restated, the
“Loan Documents”) and to carry out and perform its obligations under the terms of the Loan Documents and to issue CDIs in accordance with the terms thereof. 

3.3 Authorization. The execution and delivery of each of the Loan Documents by the Company and the consummation by the Company of the
transactions contemplated hereby and thereby, including, without limitation, the issuance of the Notes, the reservation of the Common Stock underlying the CDIs issuable upon conversion of the Note (the “Conversion CDIs” and,
together with the Notes and the Common Stock, “Securities”) and the issuance of the Conversion CDIs, was duly authorized by the Company’s board of directors. Other than those consents and authorizations obtained by the
Company prior to the date hereof that are in full force and effect on the Closing Date and except for any required stockholder approval of the Company as set forth in Section 2(d) of the Note, no further consent or authorization is required by
the Company, its board of directors or its stockholders. Each of the Loan Documents has been duly executed and delivered by the Company, and constitutes the legal, valid and binding obligations of the Company enforceable in accordance with its
terms, subject to laws of general application relating to equitable principles, bankruptcy, insolvency and the relief of debtors. Upon conversion of the Note into Conversion CDIs ,in accordance with the provisions of this Agreement and the Note, the
Conversion CDIs will be validly issued, fully paid and nonassessable and free of any liens or encumbrances (other than as set out in Section 2(g) of the Note). The issuance of the Note (and the Conversion CDIs) pursuant to the provisions of
this Agreement will not give rise to any preemptive rights or rights of first refusal granted by the Company, and the Note (and the Conversion CDIs) will be issued in compliance with all applicable federal and state securities laws, and will be free
of any liens or encumbrances; provided, however, that the Note (and the underlying securities) may be subject to restrictions on transfer as set out in the Loan Documents or under state and/or federal securities laws as set forth herein or as
otherwise required by such laws at the time the transfer is proposed. The issuance and sale of the Note (and the Conversion CDIs) do not and will not cause any dilution adjustment in any existing securities of the Company. 

3.4 Governmental Consents. All consents, approvals, orders, or authorizations of, or registrations, qualifications, designations,
declarations, or filings with, any governmental authority, required on the part of the Company in connection with the valid execution and delivery of the Loan Documents, the offer, sale or issuance of the Note and the Conversion CDIs, or the
consummation of any other transaction contemplated hereby shall have been obtained and will be effective at the Closing, except for (i) any stockholder approval described by Section 2(d) of the Note and (ii) notices required or
permitted to be filed with certain foreign, state and/or federal securities commissions or stock exchanges, which notices will be filed on a timely basis. 

3.5 No Conflicts. The execution, delivery and performance of the Loan Documents by the Company and the consummation by the Company of
the transactions contemplated hereby and thereby (including, without limitation, the issuance of the Notes and the reservation for issuance and issuance of the Conversion CDIs) will not (i) result in a violation of the certificate 

  
 3 

 
of incorporation or by-laws of the Company 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 material agreement, indenture or instrument to which the Company is a party or by which the Company is bound, or (iii) result in a violation of any law, rule,
regulation, order, judgment or decree including federal and state securities laws and regulations applicable to the Company or by which any property or asset of the Company is bound or affected. 

3.6 Offering. Assuming the accuracy of the representations and warranties of the Purchaser contained in Section 4 hereof, the
offer, issue, and sale of the Note is and will be exempt from the registration and prospectus delivery requirements of the Securities Act of 1933, as amended (the “Act”), and has been registered or qualified (or is exempt
from registration and qualification) under the registration, permit, or qualification requirements of all applicable state securities laws. 

3.7 Lien Priority. Each lien created hereunder or provided for hereby or under any other Loan Documents is a valid lien and, assuming
completion of the filing of a financing statement under the Uniform Commercial Code, having a first priority interest in the assets and Intellectual Property of the Company 

3.8 Use of Proceeds. The Company shall use the proceeds of the sale and issuance of the Note for general corporate purposes. 

3.9 Delivery of SEC Filings. The Company has provided the Purchaser with copies of the Company’s most recent Annual Report on Form
10-K for the fiscal year ended December 31, 2016, and all other reports filed by the Company pursuant to the Securities Exchange Act of 1934, as amended (the “1934 Act”) since the filing of the Annual Report on Form 10-K
and prior to the date hereof (collectively, the “SEC Filings”); which reports represent all filings required of the Company pursuant to the 1934 Act for such period. During the two (2) years prior to the date hereof, the
Company has filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant to the reporting requirements of 1934 Act (all of the foregoing filed prior to the date hereof or prior to the date of
the Closing, and all exhibits included therein and financial statements, notes and schedules thereto and documents incorporated by reference therein being hereinafter referred to as the “SEC Documents”). As of their
respective filing dates, or, if amended or superseded by a subsequent filing, as of the date of the last such amendment or superseding filing, the SEC Documents complied in all material respects with the requirements of the 1934 Act and the rules
and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the SEC Documents, at the time they were filed or, if amended or superseded by a subsequent filing, as of the date of the last such amendment or
superseding filing, with the SEC, contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading. As of their respective filing dates, or, if amended or superseded by a subsequent filing, as of the date of the last such amendment or superseding filing, the financial statements of the Company included in the SEC
Documents complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto. Such financial statements have been prepared in accordance with generally 

  
 4 

 
accepted accounting principles, consistently applied, during the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto, or (ii) in
the case of unaudited interim statements, to the extent they may exclude footnotes or may be condensed or summary statements) and fairly present in all material respects the financial position of the Company as of the dates thereof and the results
of its operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments). 

3.10 Conduct of Business; Regulatory Permits. To the knowledge of the Company, the Company is not in violation of any term of, or in
default under, its Certificate of Incorporation, as amended and as in effect on the date hereof, or any certificate of designation of an outstanding series of stock of the Company or Bylaws, as amended and as in effect on the date hereof. The
Company is not in violation of any judgment, decree or order or any statute, ordinance, rule or regulation applicable to the Company, and the Company does not and will not conduct its business in violation of any of the foregoing, except for
possible violations which could not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the Company. Without limiting the generality of the foregoing, the Company is not in violation of any of the rules,
regulations or requirements of the ASX (defined below) and has no knowledge of any facts or circumstances that would reasonably lead to delisting or suspension of its securities by the ASX in the foreseeable future. Except as set forth in its SEC
Filings, the Company possesses all certificates, authorizations and permits issued by the appropriate federal, state or foreign regulatory authorities necessary to conduct its business, and the Company has not received any notice of proceedings
relating to the revocation or modification of any such certificate, authorization or permit. 
 3.11 Absence of Litigation.
There is no action, suit, proceeding, inquiry or investigation before or by the SEC, the ASX, any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the Company, threatened against or
affecting the Company or any of its subsidiaries or affiliates, the Securities or any of the Company’s or its subsidiaries’ officers or directors, whether of a civil or criminal nature or otherwise, which, if adversely determined, would
have a material adverse effect on the Company’s business or financial condition. 
 3.12 Negative Pledge. Except for the
granting of non-exclusive licenses or sublicenses by the Company in the ordinary course of business, the Company has not, and shall not, sell, transfer, assign, mortgage, pledge, lease, grant a security interest in, or encumber or suffer to exist
any lien on any of its property or assets including, but not limited to, the Intellectual Property (as defined below), whether now owned or hereafter created or acquired. The Company has not, and shall not, enter into a negative pledge agreement, or
similar agreement, affecting the rights of the Intellectual Property with any other party. As used herein, “Intellectual Property” means: 

(a) Any and all Copyrights; 
 (b)
Any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or hereafter existing, created, acquired or held; 

  
 5 

 (c) Any and all design rights which may be available to the Company now or hereafter existing,
created, acquired or held; 
 (d) All Patents; 

(e) Any Trademarks; 
 (f) Any and
all claims for damages by way of past, present and future infringements of any of the rights included above, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights
identified above; 
 (g) All licenses or other rights to use any of the Copyrights, Patents, or Trademarks and all license fees and royalties
arising from such use to the extent permitted by such license or rights; 
 (h) All amendments, extensions, renewals and extensions of any of
the Copyrights, Trademarks, or Patents; and 
 (i) All proceeds and products of the foregoing, including without limitation all payments
under insurance or any indemnity or warranty payable in respect of any of the foregoing. 
 “Copyrights” means any and all copyright rights,
copyright applications, copyright registrations and like protections in each work of authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now or hereafter existing,
created, acquired or held. 
 “Patents” means all patents, patent applications and like protections including without limitation improvements,
divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 
 “Trademarks” means any trademark and
servicemark rights, whether registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of the Company connected with and symbolized by such trademarks. 

3.13 Securities Laws. The Company shall timely make all filings and reports relating to the issuance of the Securities required under
applicable securities laws, including filing any notice of sale of securities required by applicable law or regulation and complying with any applicable “blue sky” laws of the states of the United States. The Company shall pay all fees and
expenses in connection with satisfying its obligations under this Section 3.13. The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any “security” (as defined in the Act) that could
be integrated with the issuance of the Notes in a manner that could require the registration of the Notes under the Act. 

  
 6 

 3.14 Restriction on the Incurrence of Additional Indebtedness. So long as the Note is
outstanding, neither the Company nor its affiliates or subsidiaries will issue any other securities that would cause a breach or default under the Notes. Neither the Company nor its subsidiaries will create, incur, assume or permit to exist any
Indebtedness that has any right in priority or payment that is senior to or pari passu the rights under the Notes. “Indebtedness” means, without duplication, (a) all obligations of the Company or its subsidiaries
for borrowed money or with respect to deposits or advances of any kind made to the Company, (b) all obligations of the Company or its subsidiaries evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of the
Company or its subsidiaries upon which interest charges are customarily paid, (d) all obligations of the Company or its subsidiaries under conditional sale or other title retention agreements relating to property acquired by the Company,
(e) all obligations of the Company or its subsidiaries in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any lien or encumbrance on property owned or acquired by the Company or its subsidiaries , whether or not the indebtedness
secured thereby has been assumed, (g) all guarantees by the Company or its subsidiaries of indebtedness of others, (h) all capital lease obligations of the Company or its subsidiaries , and (i) all obligations, contingent or
otherwise, of the Company or its subsidiaries as an account party in respect of letters of credit and letters of guaranty. The Indebtedness of the Company shall include the Indebtedness of any other entity to the extent the Company is liable
therefor as a result of the Company’s ownership interest in or other relationship with such entity, except to the extent such Indebtedness is non-recourse to the Company. 

3.15 Efforts to Obtain Stockholder Approval. The Company shall use its commercially reasonable efforts to obtain any stockholder
approval described in Section 2(d) of the Note. 
 4. REPRESENTATIONS AND WARRANTIES
OF THE PURCHASER 
 The Purchaser hereby represents and warrants to the Company as follows: 

4.1 Purchase for Own Account. The Purchaser understands that the Securities, have not been registered under the Act, and the Purchaser
is acquiring the Securities for its own account and not with a view towards, or for resale in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted from registration. The Purchaser represents that,
if it is permitted to acquire any Securities under the Note, it is acquiring the Securities solely for its own account and beneficial interest for investment and not for sale or with a view to distribution of the Securities or any part thereof, has
no present intention of selling (in connection with a distribution or otherwise), granting any participation in, or otherwise distributing the same. 

4.2 Information and Sophistication. Without lessening or obviating the representations and warranties of the Company set forth in
Section 3, the Purchaser hereby: (i) acknowledges that it has received all the information it has requested from the Company including, but not limited to, the SEC Filings, (ii) represents that it has had an opportunity to ask
questions and receive answers from the Company regarding the Company, its business and the terms and conditions of the offering of the Securities and (iii) further represents that it has such knowledge and experience in financial and business
matters that it is capable of evaluating the merits and risk of this investment. 

  
 7 

 4.3 Ability to Bear Economic Risk. The Purchaser acknowledges that investment in the
Securities involves a high degree of risk, and represents that it is able, without materially impairing its financial condition, to hold the Securities for an indefinite period of time and to suffer a complete loss of its investment. 

4.4 Rule 144. The Purchaser is aware that none of the Securities may be sold pursuant to Rule 144 adopted under the Act unless certain
conditions are met, including, among other things, the existence of a public market for the shares, the availability of certain current public information about the Company, the resale following the required holding period under Rule 144 and the
number of shares being sold during any three month period not exceeding specified limitations. 
 4.5 Accredited Investor Status. The
Purchaser is an “accredited investor” as such term is defined in Rule 501 under the Act. 
 4.6 Regulation S.
In issuing and selling the Securities, the Company may be relying upon the “safe harbor” provided by Regulation S and/or on Section 4(2) under the Act; it is a condition to the availability of the Regulation S “safe harbor”
that the Securities not be offered or sold in the United States or to a U.S. person until the expiration of a one-year “distribution compliance period” (or a six-month “distribution compliance period,” if the issuer is a
“reporting issuer,” as defined in Regulation S) following the closing; and notwithstanding the foregoing, prior to the expiration of the one-year “distribution compliance period” (or six-month “distribution compliance
period,” if the issuer is a “reporting issuer,” as defined in Regulation S) after the closing (the “Restricted Period”), the Note and the underlying securities may, subject to any restrictions contained in the
Note, be offered and sold by the holder thereof only if such offer and sale is made in compliance with the terms of this Agreement and the Note and either: (A) if the offer or sale is within the United States or to or for the account of a U.S.
person (as such terms are defined in Regulation S), the securities are offered and sold pursuant to an effective registration statement or pursuant to Rule 144 under the Act or pursuant to an exemption from the registration requirements of the Act;
or (B) the offer and sale is outside the United States and to other than a U.S. person. If the Purchaser is not a United States person, the Purchaser hereby represents that the Purchaser is satisfied as to the full observance of the laws of the
Purchaser’s jurisdiction applicable to the Purchaser in connection with any invitation to subscribe for the Securities, including (i) the legal requirements within the Purchaser’s jurisdiction for the purchase of the Securities,
(ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained and (iv) the income tax and other tax consequences, if any, that may be relevant to the
purchase, holding, redemption, sale or transfer of such Securities. The Purchaser’s subscription and payment for, and the Purchaser’s continued beneficial ownership of the Securities, will not violate any applicable securities or other
laws of the Purchaser’s jurisdiction that are applicable to the Purchaser. 

  
 8 

 4.7 Rule 506(d). If the Purchaser beneficially owns twenty percent (20%) or more of
the outstanding voting securities of the Company, calculated in accordance with Rule 506(d) of Regulation D of the Act, or may designate a director of the Company, the Purchaser hereby represents and warrants to the Company that the Purchaser has
not been convicted of any of the felonies or misdemeanors or been subject to any of the orders, judgments, decrees or other conditions set forth in Rule 506(d) of Regulation D of the Act. 

4.8 Further Limitations on Disposition. Without in any way limiting the representations set forth above and subject to any restrictions
contained in the Note, the Purchaser further agrees not to make any disposition of all or any portion of the Securities unless and until: 

(a) There is then in effect a Registration Statement under the Act covering such proposed disposition and such disposition is made in
accordance with such Registration Statement; or 
 (b) The Purchaser shall have notified the Company of the proposed disposition and shall
have furnished the Company with a detailed statement of the circumstances surrounding the proposed disposition, and if reasonably requested by the Company, the Purchaser shall have furnished the Company with an opinion of counsel, reasonably
satisfactory to the Company, that such disposition will not require registration under the Act or any applicable state securities laws. 

(c) Notwithstanding the provisions of paragraphs (a) and (b) above, but subject to the terms of the Note, no such registration
statement or opinion of counsel shall be necessary for a transfer by the Purchaser to (i) any shareholder, partner, retired partner, member or former member of the Purchaser for no additional consideration or (ii) any affiliate, including
affiliated funds, for no additional consideration, in each case if all transferees agree in writing to be subject to the terms hereof to the same extent as if they were the Purchaser hereunder. 

(d) Notwithstanding the provisions of paragraphs (a) and (b) above, the Company acknowledges and agrees that the Securities may be
pledged by the Purchaser, and its successors and assigns, in connection with a bona fide margin agreement or other loan or financing arrangement that is secured by the Securities, provided that any pledge of those Securities does not constitute an
offer of those Securities for sale within 12 months after their issue such that it would require disclosure under section 707(3) of the Corporations Act 2001 (Cth). The pledge of Securities shall not be deemed to be a transfer, sale or
assignment of the Securities hereunder, and no Person effecting a pledge of Securities shall be required to provide the Company with any notice thereof or otherwise make any delivery to the Company pursuant to this Agreement or any other Loan
Document. The Company hereby agrees to execute and deliver such documentation as a pledgee of the Securities may reasonably request, at the Purchaser’s expense, in connection with a pledge of the Securities to such pledgee by the Purchaser and
any successor or assignee. 
 4.9 Legends. The Purchaser understands that any securities issued upon conversion of the Note, may bear
one or all of the following legends: 
 (a) “THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND HAVE BEEN ACQUIRED FOR INVESTMENT AND 

  
 9 

 
NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SALE OR DISTRIBUTION OF SUCH SHARES MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR
AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY OR OTHER EVIDENCE REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT.” 

(b) Any legend set forth in or required by another section of this Agreement or the Note. 

(c) Any legend required by the securities laws of any state to the extent such laws are applicable to the shares represented by the certificate
so legended. 
 4.10 Market Standoff. The Purchaser agrees not to sell any of the Securities during a period specified by the
representative of the underwriters of Common Stock (not to exceed one hundred eighty (180) days) following the effective date of the initial registration statement of the Company filed under the Act, so long as all officers, directors, and 1%
stockholders have executed similar agreements and are similarly restricted from selling the Company’s stock. 
 4.11 Foreign
Ownership Restrictions. The Purchaser acknowledges and agrees that in order to ensure that US persons do not purchase any CDIs that may be issued to it, a number of procedures governing the trading and clearing of CDIs, while the Company is
listed on the Australian Securities Exchange (the “ASX”), will be implemented, including the application to any CDIs issued to it of the status of Foreign Ownership Restrictions securities under the ASX
Settlement Operating Rules and the addition of the notation “FORUS” to the CDI description on ASX trading screens and elsewhere, which will inform the market of the prohibition of US persons acquiring CDIs. 

5. EVENTS OF DEFAULT; REMEDIES 

5.1 Events of Default. Each of the following shall constitute an event of default (each, an “Event of Default”)
under this Agreement and the other Loan Documents: 
 (a) any default in the payment, when the same becomes due and payable, of principal
under or interest in respect of the Note or other amount due and payable under any other Loan Document including, but not limited to, the failure by the Company to pay on the Maturity Date, upon a Change of Control pursuant to Section 2(c) of
the Note or to the extent due and payable under Section 2(d) of the Note, any and all unpaid principal, accrued interest and all other amounts owing under any Loan Document; 

(b) The Company files any petition or action for relief under any bankruptcy, reorganization, insolvency or moratorium law or any other law for
the relief of, or relating to, debtors, now or hereafter in effect, or makes any general assignment for the benefit of creditors or takes any corporate action in furtherance of any of the foregoing; 

(c) An involuntary petition is filed against the Company (unless such petition is dismissed or discharged within sixty (60) days) under
any bankruptcy statute now or hereafterin effect, or a custodian, receiver, trustee, assignee for the benefit of creditors (or other similar official) is appointed to take possession, custody or control of any property of the Company; 

  
 10 

 (d) The Company’s stockholders (other than the Purchaser) or board of directors
affirmatively vote to liquidate, dissolve, or wind up the Company or the Company otherwise ceases to carry on its ongoing business operations; 

(e) If (i) a material portion of the Company’s assets is attached, seized, levied on, or comes into possession of a trustee or
receiver and the attachment, seizure or levy is not removed in thirty (30) days, (ii) the Company is enjoined, restrained, or prevented by a court order or other order of a governmental body from conducting its business, or
(iii) notice of lien, levy, or assessment is filed against any material portion of the Company’s assets by any court order or other order of any governmental body and it is not paid within sixty (60) days after the Company received
notice thereof; 
 (f) The Company shall fail in any material respect to observe or perform any covenant, obligation, condition or agreement
contained in this Agreement or any other Loan Document (other than a failure to pay as specified in Section 5.1(a) hereof or any failure or breach under Section 3.12 (Negative Pledge) hereof) and such failure shall continue for thirty
(30) days after the Company’s receipt of written notice thereof; or 
 (g) any breach or default under Section 3.12 hereof
(Negative Pledge). 
 5.2 Remedies. Upon the occurrence or existence of any Event of Default (other than an Event of Default referred
to in Sections 5.1(b) or 5.1(c) hereof) and at any time thereafter during the continuance of such Event of Default, the Purchaser or any holder of the Note may, by written notice to the Company, declare all outstanding obligations payable by the
Company under the Note and the other Loan Documents to be immediately due and payable without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary
notwithstanding. Upon the occurrence or existence of any Event of Default described in Sections 5.1(b) or 5.1(c) hereof, immediately and without notice, all outstanding obligations payable by the Company hereunder shall automatically become
immediately due and payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived, anything contained herein to the contrary notwithstanding. In the event of any Event of Default, the Company
shall pay all reasonable attorneys’ fees and costs incurred by the Purchaser in enforcing and collecting the Note and the other Loan Documents. Subject to Section 5(c) of the Security Agreement, no right or remedy conferred upon or
reserved to the Purchaser under this Agreement is intended to be exclusive of any other right or remedy, and every right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now and hereafter existing
under applicable law. 
 6. CONDITIONS TO CLOSING 

6.1 Conditions to Purchaser’s Obligations at the Closing. The obligations of the Purchaser under the Loan Documents are subject to
the fulfillment on or before the Closing of each of the following conditions, which may be waived in writing by the Purchaser: 

  
 11 

 (a) Representations and Warranties. The representations and warranties of the Company
contained in Section 3 shall be true on and as of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that speak as of a specific date, which shall be true and correct as of such
specified date). 
 (b) Performance. The Company shall have performed and complied with all agreements, obligations, and conditions
contained in the Loan Documents that are required to be performed or complied with by it on or before the Closing. 
 (c)
Qualifications. All authorizations, approvals, or permits, if any, of any governmental authority or regulatory body of the United States or of any state that are required in connection with the lawful issuance and sale of the Note and the
Conversion CDIs shall be duly obtained and effective as of the Closing. 
 (d) Proceedings and Documents. All corporate and other
proceedings in connection with the transactions contemplated at the Closing and all documents incident thereto shall be reasonably satisfactory in form and substance to the Purchaser’s counsel, which shall have received all such counterpart
original and certified copies of such documents as it may reasonably request. 
 6.2 Conditions to Company’s Obligations at the
Closing. The obligations of the Company under the Loan Documents are subject to the fulfillment on or before the Closing of each of the following conditions, which may be waived in writing by the Company: 

(a) Representations and Warranties. The representations and warranties made by the Purchaser in Section 4 hereof shall be true and
correct on the Closing Date. 
 (b) Purchase Price. The Purchaser shall have delivered to the Company, in immediately available funds,
the Loan Amount. 
 7. MISCELLANEOUS 

7.1 Binding Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties. Nothing in this Agreement, expressed or implied, is intended to confer upon any third party any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided
in this Agreement. 
 7.2 Governing Law. This Agreement shall be governed by and construed under the laws of the State of New York.

 7.3 Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. 
 7.4 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. 

  
 12 

 7.5 Notices. All notices required or permitted hereunder shall be in writing and shall be
deemed effectively given: (a) upon personal delivery to the party to be notified, (b) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (c) one (1) day after
deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent to the address set forth in this Section 7.5 or at such other address as the Company or
the Purchaser may designate by ten (10) days advance written notice to the other parties hereto. 
 If to the Purchaser:

 CRYSTAL AMBER FUND LIMITED 
  

                    
                     
  

                    
                     

Attention: 

If to the Company: 

GI DYNAMICS, INC. 

355 Congress Street 

Boston, MA 02210 

Attention: Chief Executive Officer 

7.6 Amendment; Modification; Waiver. No amendment, modification or waiver of any provision of this Agreement or consent to departure
therefrom shall be effective unless in writing and approved by the Company and the Purchaser. Further, while the terms of any waiver granted by ASX in respect of the Loan Documents remains applicable to the Company, any variation to the terms of
this Agreement which is not a minor change or which is inconsistent with the terms of any relevant waiver granted by ASX to the Company must be approved by the Company’s ordinary securityholders. 

7.7 Entire Agreement. This Agreement, the Exhibits hereto, and the Loan Documents constitute the full and entire understanding and
agreement between the parties with regard to the subjects hereof and no party shall be liable or bound to any other party in any manner by any representations, warranties, covenants and agreements except as specifically set forth herein and therein.

  
 13 

 IN WITNESS WHEREOF, the parties have executed this NOTE PURCHASE AGREEMENT as of
the date first written above. 
  

			
	COMPANY:
	
	GI DYNAMICS, INC.
		
	By:	 	 /s/ Scott Schorer

	Name:	 	Scott Schorer
	Title:	 	President & CEO
	
	PURCHASER:
	
	CRYSTAL AMBER FUND LIMITED
		
	By:	 	 /s/ Kevin Smith

	Name:	 	Kevin Smith
	Title:	 	Alternative Director
		 	Crystal Amber Asset Management (Guernsey)
		 	Limited as Investment Manager of Crystal Amber Fund Limited

 EXHIBIT A 

FORM OF SENIOR SECURED CONVERTIBLE PROMISSORY
NOTE 

 EXHIBIT B 

FORM OF SECURITY AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00273-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00273-of-00352.parquet"}]]