Document:

EX-10.26

 Exhibit 10.26 

EXECUTION VERSION 
  

 
  

REGISTRATION RIGHTS AGREEMENT 
 by
and among 
 Radius Global Infrastructure, Inc. 

as the Company, 
 and 

the Investors named herein 
 Dated
as of May 11, 2021 
  
  

 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	 ARTICLE I Definitions 
	  	 	1	 
			
	 Section 1.01.
	 	Definitions	  	 	1	 
		
	 ARTICLE II Registration Rights 
	  	 	6	 
			
	 Section 2.01.
	 	Registration	  	 	6	 
	 Section 2.02.
	 	Piggyback Offering	  	 	6	 
	 Section 2.03.
	 	Reduction of Underwritten Offering	  	 	7	 
	 Section 2.04.
	 	Registration Procedures	  	 	8	 
	 Section 2.05.
	 	Conditions to Offerings	  	 	11	 
	 Section 2.06.
	 	Blackout Period	  	 	11	 
	 Section 2.07.
	 	Offering Expenses	  	 	12	 
	 Section 2.08.
	 	Indemnification; Contribution	  	 	12	 
	 Section 2.09.
	 	[Intentionally Omitted]	  	 	15	 
	 Section 2.10.
	 	Termination of Registration Rights	  	 	15	 
	 Section 2.11.
	 	Rule 144	  	 	16	 
		
	 ARTICLE III Miscellaneous 
	  	 	16	 
			
	 Section 3.01.
	 	Adjustments	  	 	16	 
	 Section 3.02.
	 	Notices	  	 	16	 
	 Section 3.03.
	 	Expenses	  	 	17	 
	 Section 3.04.
	 	Amendments; Waivers; Consents	  	 	17	 
	 Section 3.05.
	 	Interpretation	  	 	17	 
	 Section 3.06.
	 	Severability	  	 	18	 
	 Section 3.07.
	 	Counterparts	  	 	18	 
	 Section 3.08.
	 	Entire Agreement; No Third-Party Beneficiaries	  	 	18	 
	 Section 3.09.
	 	Governing Law	  	 	18	 
	 Section 3.10.
	 	Assignment; Binding Effect.	  	 	18	 
	 Section 3.11.
	 	Enforcement	  	 	19	 
	 Section 3.12.
	 	Effectiveness; Termination; Survival; Miscellaneous.	  	 	20	 
	 Section 3.13.
	 	Representations and Warranties	  	 	20	 
	 Section 3.14.
	 	Independent Nature of Investors’ Obligations and Rights	  	 	20	 

 Exhibits and Annexes 
  

			
	 Exhibit A
	  	 Joinder Agreement

	 Annex A
	  	 Representations and Warranties of the Company

	 Annex B
	  	 Representations and Warranties of each Investor

  
 i 

 REGISTRATION RIGHTS AGREEMENT dated as of May 11, 2021 (this
“Agreement”), among: 
  

	A.	 Radius Global Infrastructure, Inc., a Delaware corporation (together with successors and permitted assigns, the
“Company”); 

  

	B.	 Each of the several subscribers signatory hereto (each such subscriber, an “Investor” and,
collectively, the “Investors”); 

 and any Permitted Transferee (as defined below) that executes a joinder to this
Agreement pursuant to Section 3.10(b) after the date of this Agreement. 
 WHEREAS, the Company and each Investor entered into a
Subscription Agreement, dated as of May 11, 2021 (collectively, the “Subscription Agreements”), pursuant to which, among other things, such Investor subscribed for and agreed to purchase from the Company shares of Class A
common stock, par value $0.0001 per share, of the Company; 
 WHEREAS, as a condition to the Closing (as defined in the Subscription
Agreements), the Company and each Investor agreed to enter into a registration rights agreement referenced in Section 9 of the Subscription Agreements; and 

WHEREAS, the Company and each Investor (the “parties”) desire to enter into this Agreement to establish certain rights,
duties and obligations of the Investors and the Company; and 
 WHEREAS, the Company is party to existing registration rights agreements
with the Founder Investors and the CB Investors (each as defined below). 
 NOW, THEREFORE, in consideration of the mutual covenants and
agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto (including each Permitted Transferee who becomes a party to this Agreement from time to time
by executing a joinder hereto in accordance with Section 3.10 hereof) hereby acknowledge, covenant and agree with each other as follows: 

ARTICLE I 
 Definitions 

Section 1.01. Definitions. (a) As used in this Agreement, the following terms will have the following meanings: 

An “Affiliate” of any Person means another Person that directly, or indirectly, through one or more intermediaries, controls,
or is controlled by, or is under common control with, such first Person; provided, that the Company and its Subsidiaries shall be deemed not to be Affiliates of any Investor for any reason under this Agreement. As used in this Agreement,
“control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of such Person, whether through beneficial ownership of voting securities or other interests, by contract
or otherwise. 

  
 1 

 “beneficial owner” or “beneficially own” and words of
similar import have the meaning assigned to such terms in Rule 13d-3 under the Exchange Act as in effect on the date of this Agreement and a Person’s beneficial ownership of Equity Securities shall be calculated in accordance with the
provisions of such Rule 13d-3. For purposes of this Agreement, references to beneficial ownership of Equity Securities of the Company shall be deemed to include and constitute beneficial ownership of OpCo
Units whether or not such OpCo Units otherwise would represent beneficial ownership of Equity Securities of the Company. 

“Board” or “Board of Directors” means the board of directors, or any successor governing body, of the
Company. 
 “Business Day” means any day on which major banks are closed in New York, New York. 

“Bylaws” means the Bylaws of the Company, in each case, as in effect from time to time. 

“CB Investors” means any of Centerbridge Partners Real Estate Fund, L.P., a Delaware limited partnership, Centerbridge
Partners Real Estate Fund SBS, L.P., a Delaware limited partnership, Centerbridge Special Credit Partners III, L.P., a Delaware limited partnership, or with respect to each of the aforementioned entities, any Person that becomes a party to the
registration rights agreement, dated as of July 10, 2020, by and among the Company, the CB Investors and Centerbridge Partners L.P. in accordance with Section 3.10(a) thereto. 

“Charter” means the Certificate of Incorporation of the Company as in effect from time to time. 

“Company Class A Shares” means the shares or Class A common stock, par value $0.0001 per share, of
the Company. 
 “Director” means, as of any time, a member of the Board of Directors as of such time. 

“Effective Date” shall mean the date of this Agreement. 

“Effectiveness Date” means, with respect to the initial Registration Statement required to be filed under Section 2.01,
the 60th calendar day following the date hereof (or, in the event of a “full review” by the SEC, the 90th calendar day following the date hereof); provided, however, that in the event the Company is
notified by the SEC that such Registration Statement will not be reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall be the fifth Business Day following the date on which
the Company is so notified if such date precedes the dates otherwise required above, provided further, if such Effectiveness Date falls on a day that is not a Business Day, then the Effectiveness Date shall be the next succeeding
Business Day. 
 “Encumbrance” means any security interest, pledge, mortgage, lien, or other material encumbrance, except
for any restrictions arising under any applicable securities Laws. 

  
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 “Eligible Market” means the Principal Market, The New York Stock Exchange,
Inc., the NYSE American, The Nasdaq Global Select Market or The Nasdaq Capital Market. 
 “Equity Security” of any Person
means (i) any common shares or other Voting Securities, (ii) any options, warrants, convertible or exchangeable securities, stock-based performance units or other rights to acquire common shares or other Voting Securities and
(iii) any other rights that give the holder thereof any economic interest of a nature accruing to the holders of common shares or other Voting Securities. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 “Founder Investors” means (i) William Berkman, (ii) Berkman Family Investments, LLC, (iii) Toms
Acquisition II LLC, (iv) Imperial Landscape Sponsor LLC, (v) Digital Landscape Partners Holding LLC, (vi) Scott Bruce and (vii) Richard Goldstein. 

“Governmental Entity” any transnational, national, federal, state, provincial, local or other government, domestic or
foreign, or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality, domestic or foreign, or any national securities exchange, national quotation system or primary stock or
quotation system on which securities issued by the Company or any of its Subsidiaries are then listed or quoted. 
 “Group”
means any group of Persons formed for the purpose of acquiring, holding, voting or disposing of Voting Securities of the Company, including groups of Persons that would be required if the Company is subject to Section 13, 14 or 15(d) of the
Exchange Act, Section 13(d) of the Exchange Act to file a statement on Schedule 13D with the SEC as a “person” within the meaning of Section 13(d)(3) of the Exchange Act. 

“Issuer FWP” has the meaning assigned to “issuer free writing prospectus” in Rule 433 under the Securities Act.

 “Law” and “law” means any law, treaty, statute, ordinance, code, rule, regulation, judgment, decree,
order, writ, award, injunction, authorization or determination enacted, entered, promulgated, enforced or issued by any Governmental Entity. 

“Offering Expenses” means all fees and expenses incident to the Company’s performance of or compliance with the
obligations of Article II, including all fees and expenses of compliance with securities or blue sky laws (including reasonable fees and disbursements of counsel for any Underwriters in connection with qualification of Registrable Securities under
applicable blue sky laws), printing expenses, messenger and delivery expenses of the Company, any registration or filing fees payable under any Federal or state securities or blue sky laws, the fees and expenses incurred in connection with any
listing or quoting of the securities to be registered on any national securities exchange or automated quotation system, fees of the Financial Industry Regulatory Authority, the Company’s internal expenses (including all salaries and expenses
of its officers and employees performing legal or accounting duties), fees and disbursements of counsel for the Company, its independent registered certified public accounting firm and any other public accountants who are required to deliver comfort
letters (including the expenses required by or incident to such performance), transfer taxes, fees of transfer agents and 

  
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registrars, costs of insurance and the fees and expenses of other Persons retained by the Company in connection with complying with the obligations of Article II. In connection with the
registration effected pursuant to the Company’s obligations under Section 2.01, “Offering Expenses” also includes the reasonable fees and disbursements of counsel to the Investors contemplated by Section 2.01. 

“OpCo” means APW OpCo LLC, a Delaware limited liability company. 

“OpCo Units” means limited liability company interests in OpCo. 

“Permitted Transferee” means with respect to any Investor, any Person that becomes a party hereto in accordance with
Section 3.10(a). 
 “Person” means any individual, firm, corporation, partnership, limited partnership, company,
limited liability company, trust, joint venture, association, Governmental Entity, unincorporated organization, syndicate or other entity, foreign or domestic. 

“Principal Market” means The Nasdaq Global Market. 

“Registrable Securities” means, at any time, all Voting Securities of the Company received by the Investors in connection
with the transactions contemplated by the Subscription Agreements and any other equity security of the Company issued or issuable with respect to such Voting Securities as a result of any stock split, stock dividend, distribution, recapitalization,
exchange, replacement or similar event or otherwise; provided, however, that with respect to any Investor, the Voting Securities held by such Investor shall cease to be Registrable Securities one year after the date of this Agreement or upon
such later date that the entire amount of such Voting Securities may be sold in a single sale, in the opinion of counsel satisfactory to the Company and the Investor, without any limitation as to volume or manner of sale under Rule 144; and
provided further that, at time of such determination of counsel, adequate current public information with respect to the Company required by Rule 144(c)(1) is then available. 

“Registration Statement” means any registration statement of the Company that covers Registrable Securities pursuant to the
provisions of this Agreement, including the prospectus, amendments and supplements to such registration statement, including pre- and post-effective amendments, and all exhibits and all material incorporated
by reference in such registration statement. 
 “Representative” means, with respect to a specified Person, any officer,
agent, advisor (including legal counsel, accountants and financial advisors) or employee of such Person or any partner, member or shareholder of such Person or any director, officer, employee, partner, affiliate, member, manager, shareholder,
assignee or representative of any of the foregoing. 
 “Rule 144” means Rule 144 under the
Securities Act or any similar rule or regulation hereafter adopted by the SEC as a replacement thereto having substantially the same effect as such Rule. 

  
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 “Rule 415” means Rule 415 under the Securities Act
or any similar rule or regulation hereafter adopted by the SEC as a replacement thereto having substantially the same effect as such Rule. 

“SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Subsidiary” of any Person means another Person (i) in which such first Person’s beneficial ownership of Voting
Securities, other voting ownership or voting partnership interests, is in an amount sufficient to elect at least a majority of its board of directors or other governing body (or, if there are no such voting interests, 50% or more of the equity
interests of which are beneficially owned directly or indirectly by such first Person) or (ii) which is required to be consolidated with such Person under U.S. generally accepted accounting principles. 

“Transfer” means, with respect to any security, any sale, assignment, transfer, distribution or other disposition thereof, or
other conveyance, creation, incurrence or assumption of a legal or beneficial interest therein, or a participation or Encumbrance therein, or creation of any short position in any such security or any other action or position otherwise reducing risk
related to ownership through hedging or other derivative instrument, whether voluntarily or by operation of Law, whether directly or indirectly, whether in a single transaction or a series of related transactions and whether to a single Person or a
Group. The terms “Transferred”, “Transferring”, “Transferor”, “Transferee” and “Transferable” have meanings correlative to the foregoing. 

“Underwriter” means, with respect to any Underwritten Offering, a securities dealer who purchases any Registrable Securities
as a principal in connection with a distribution of such Registrable Securities and not as part of such dealer’s market-making activities. 

“Underwritten Offering” means a public offering of securities registered under the Securities Act in which an Underwriter
participates in the distribution of such securities. 
 “Voting Securities” of any Person means securities having the right
to vote generally in any election of directors or comparable governing Persons of such Person which, for the avoidance of doubt shall include, as to the Company, the Company Class A Shares. The percentage of Voting Securities of any Person
beneficially owned by any holder or holders shall equal the percentage represented by the quotient of (i) the aggregate voting power of all Voting Securities of such Person beneficially owned by such holder or holders and (ii) the
aggregate voting power of all outstanding Voting Securities. 

  
 5 

 (b) As used in this Agreement, the terms set forth below will have the meanings assigned in
the corresponding Section listed below: 
  

			
	 Term
	  	 Section

	Agreement	  	Preamble
	Company	  	Preamble
	Deferral Period	  	Section 2.06(a)
	Effectiveness Period	  	Section 2.01
	indemnified party	  	Section 2.08(c)
	Indemnified Persons	  	Section 2.08(a)
	Inspectors	  	Section 2.04(a)(ix)
	 Investor
 Losses
	  	 Preamble
 Section 2.08(a)

	Piggyback Offering	  	Section 2.02
	Records	  	Section 2.04(a)(ix)

 ARTICLE II 

Registration Rights 

Section 2.01. Registration. By no later than June 11, 2021, subject to the cooperation of the Investors, the Company shall
prepare and file with the SEC a Registration Statement providing for the offer and sale by the Investors of the Registrable Securities for an offering to be made on a delayed or continuous basis pursuant to Rule 415. The Registration Statement shall
be on Form S-1; provided that the Company shall move such Registrable Securities from the Form S-1 and register for resale the Registrable Securities on Form S-3
at such time as the Company is eligible to use a Form S-3 for such purpose; provided further that the Company shall maintain the effectiveness of the Registration Statement then in effect until
such time as a Registration Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC. Thereafter, the Company shall use its commercially reasonable efforts to cause the
Registration Statement to be declared effective or otherwise to become effective under the Securities Act as soon as reasonably practicable, but, in any event, no later than the Effectiveness Date. The Company shall use its commercially reasonable
efforts to keep such Registration Statement continuously effective under the Securities Act with respect to each Investor’s Registrable Securities until such Voting Securities cease to be Registrable Securities (the “Effectiveness
Period”). By 9:30 a.m. New York time on the Business Day following the date the Registration Statement is declared effective by the SEC, if required, the Company shall file with the SEC in accordance with Rule 424 under the Securities Act
the final prospectus to be used in connection with sales pursuant to the Registration Statement. The Investors shall have the right to select one legal counsel, the reasonable cost of which shall be borne by the Company, to review and oversee the
registration to be effected pursuant to this Section 2.01 and to comment on any filings with, or written submission made to, the SEC with respect thereto, which counsel shall be designated by the holders of a majority of the Registrable
Securities. 
 Section 2.02. Piggyback Offering. If the Company proposes or is required to effect an Underwritten Offering of
Equity Securities of the Company for (a) the Company’s own account (other than (i) pursuant to an offering in connection with a merger, acquisition or other business combination on Form S-4,
(ii) an offering on Form S-8 (or any substitute or similar form that may be adopted by the SEC) or (iii) an offering of securities solely to the Company’s existing security holders) or (b) the account of any holder of Company
Class A Shares pursuant to an underwritten demand offering requested by such holder, then the Company will give written notice of such proposed filing to the Investors not less than 15 Business Days prior to filing with the SEC for the
applicable offering, and upon the written request, given within 10 Business Days after delivery of 

  
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any such notice by the Company, of any Investor to include Registrable Securities in such Underwritten Offering (which request shall specify the number of Registrable Securities proposed to be
included in such Underwritten Offering), then the Company shall, subject to Section 2.03, include all such Registrable Securities in such Underwritten Offering, on the same terms and conditions as the Company’s or such other holder’s
Company Class A Shares (a “Piggyback Offering”); provided, however, that if, at any time after giving written notice of such proposed Underwritten Offering and prior to the effecting of such Underwritten Offering,
the Company or such other holder shall determine for any reason not to proceed with the proposed Underwritten Offering of the Company Class A Shares or delay the Underwritten Offering of the Company Class A Shares, then the Company will
give written notice of such determination to such Investor and (i) in the case of a determination not to proceed with the proposed Underwritten Offering of Company Class A Shares, shall be relieved of its obligation to offer any
Registrable Securities in connection with such abandoned Underwritten Offering and (ii) in the case of a determination to delay the Underwritten Offering of its Company Class A Shares, shall be permitted to delay the offer of Registrable
Securities for the same period as the delay in the offering of such Company Class A Shares; provided that any delay of more than 30 days shall be deemed to be an abandonment of the applicable Underwritten Offering for purposes of this
Section 2.02, and the Company shall be required to issue to the Investors a new notice pursuant to this Section 2.02 and grant the Investors a new opportunity to participate in such Underwritten Offering pursuant to this Section 2.02
in the event a determination is made to proceed with such Underwritten Offering. The Company or such other holder, as applicable, will select the lead Underwriter in connection with any offering contemplated by this Section 2.02 and each
Investor’s right to participate shall be conditioned on the Investor entering into an underwriting agreement in customary form and acting in accordance with the provisions thereof. 

Section 2.03. Reduction of Underwritten Offering. Notwithstanding anything to the contrary in this Agreement, if the lead
Underwriter of an Underwritten Offering described in Section 2.02 advises the Company in writing that in its reasonable opinion, the number of Equity Securities of the Company (including any Registrable Securities) that the Company, the CB
Investors, the Investors and any other Persons intend to include in any Underwritten Offering is such that the success of any such offering would be materially and adversely affected, including the price at which the securities can be sold or the
number of Equity Securities of the Company that any participant may sell, then the number of Equity Securities of the Company to be included in the Underwritten Offering for the account of the Company, the CB Investors, the Investors and any other
Persons will be reduced pro rata by proposed participation (unless otherwise provided below) in the Underwritten Offering to the extent necessary to reduce the total number of securities to be included in any such Underwritten Offering to the number
recommended by such lead Underwriter; provided, however, that (a) priority in the case of an Underwritten Offering initiated by the Company for its own account which gives rise to a Piggyback Offering pursuant to Section 2.02
will be (i) first to be included, securities initially proposed to be offered by the Company for its own account, (ii) second to be included, the Registrable Securities requested to be included in the Piggyback Offering for the account of
the Founder Investors and the CB Investors, and (iii) third to be included, securities of the Company (pro rata based on then beneficial ownership of Voting Securities of the Company) requested to be included in the Piggyback Offering for the
account of the Investors and any other holders having contractual piggyback registrations rights granted after the Effective Date, so that the total number of securities to be included in any such offering for the account of all such Persons
(including the Founder Investors, the CB Investors and 

  
 7 

 
the Investors) will not exceed the number recommended by such lead Underwriter; and (b) priority with respect to inclusion of securities in an Underwritten Offering initiated by the Company
for the account of holders other than the Founder Investors and the CB Investors pursuant to contractual rights afforded such holders will be (i) first to be included, securities (including Registrable Securities) of the Company (pro rata by
proposed participation) requested to be included in the Underwritten Offering for the account of such initiating holders, the Founder Investors, the CB Investors and such other holders, (ii) second to be included, securities requested to be
included in such Underwritten Offering by the Company for its own account, and (iii) third to be included, pro rata among any other securities of the Company requested to be included in such Underwritten Offering for the account of the
Investors and any other holders having contractual piggyback registrations rights, so that the total number of securities to be included in any such offering for the account of all such Persons (including the Founder Investors, the CB Investors and
the Investors) will not exceed the number recommended by such lead Underwriter. 
 Section 2.04. Registration Procedures.
(a) Subject to the provisions of Section 2.01 and Section 2.02 hereof, in connection with the registration of the sale of Registrable Securities hereunder, the Company will as promptly as reasonably practicable: 

(A) furnish to any Investor without charge, if requested, prior to the filing of a Registration Statement or any related
prospectus or any amendment or supplement thereto, (i) copies of all such documents proposed to be filed (in each case including all exhibits thereto and documents incorporated by reference therein, except to the extent such exhibits or
documents are incorporated by reference and currently available electronically on EDGAR or any successor system of the SEC), which documents (other than those incorporated by reference) will be subject to the review and good faith objection and
comment of the Investor prior to filing, (ii) copies of any and all transmittal letters or other correspondence with the SEC relating to such documents (except to the extent such letters or correspondence are currently available electronically
via EDGAR or any successor system of the SEC) and (iii) such other documents as the Investor may reasonably request, in each case in such quantities as the Investor may reasonably request; 

(B) use its commercially reasonable efforts to (i) prepare and file with the SEC such amendments, including post-effective
amendments, and supplements to each Registration Statement and the prospectus used in connection with the offer and sale of the Registrable Securities as may be necessary under applicable Law with respect to the disposition of all Registrable
Securities covered by such Registration Statement to keep such Registration Statement continuously effective as to the applicable Registrable Securities for the Effectiveness Period, (ii) cause the related prospectus to be amended or
supplemented by any required prospectus supplement, and as so supplemented or amended to be filed pursuant to Rule 424 under the Securities Act and (iii) respond as promptly as reasonably practicable to any comments received from the SEC with
respect to each Registration Statement or any amendment thereto; 
 (C) use its commercially reasonable efforts to register
or qualify such Registrable Securities under such other securities or blue sky laws of all applicable jurisdictions in the United States or as may be necessary by virtue of the business and operations of the Company and its Subsidiaries and do any
and all other acts and things as 

  
 8 

 
may be reasonably necessary or advisable to enable the Investor to consummate the disposition of such Registrable Securities in such jurisdictions; provided, however, that neither
the Company nor any of its Subsidiaries will be required to (x) qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 2.04(a)(C), (y) subject itself to taxation in any
such jurisdiction or (z) consent to general service of process in any such jurisdiction; 
 (D) notify the Investors at
any time when a prospectus relating to Registrable Securities is required to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in a Registration Statement or the Registration Statement
or amendment or supplement relating to such Registrable Securities contains an untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the
circumstances under which they were made, not misleading, and the Company will promptly prepare and file with the SEC a supplement or amendment to such prospectus and Registration Statement (and comply fully with the applicable provisions of Rules
424, 430A and 430B under the Securities Act in a timely manner) so that, as thereafter delivered to the purchasers of the Registrable Securities, such prospectus and Registration Statement will not contain an untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

(E) advise the Underwriters, if any, and the Investors promptly and, if requested by such Persons, confirm such advice in
writing, of the issuance by the SEC of any stop order suspending the effectiveness of the Registration Statement under the Securities Act or of the suspension by any state securities commission of the qualification of the Registrable Securities for
offering or sale in any jurisdiction, or the initiation of any proceeding for any of the preceding purposes; 
 (F) use its
commercially reasonable efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from
qualification) of any of the Registrable Securities for sale in any jurisdiction, as promptly as reasonably practicable; 

(G) if requested by any Investor or the Underwriters, if any, promptly include in any Registration Statement or prospectus,
pursuant to a supplement or post-effective amendment if necessary, such information as the Investor and such Underwriters, if any, may reasonably request to have included therein, including information relating to the “Plan of
Distribution” of the Registrable Securities, information with respect to the number of Registrable Securities being sold to such Underwriters, the purchase price being paid therefor and any other terms of the offering of the Registrable
Securities to be sold in such offering, and make all required filings of such prospectus supplement or post-effective amendment as soon as practicable after the Company is notified of the matters to be included in such prospectus supplement or
post-effective amendment; 

  
 9 

 (H) make available for inspection by each Investor, any Underwriter
participating in any disposition of such Registrable Securities, and any attorney for such Investor or such Underwriter and any accountant or other agent retained by such Investor or such Underwriter (collectively, the
“Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company and its Subsidiaries (collectively, the “Records”) as will be reasonably necessary to enable them to
conduct customary due diligence with respect to the Company and its Subsidiaries and the related Registration Statement and prospectus, and cause the Representatives of the Company and its Subsidiaries to be made available to the Inspectors for such
diligence and supply all information reasonably requested by any such Inspector; provided, however, that (x) Records and information obtained hereunder will be used by such Inspector only to conduct such due diligence and
(y) Records or information that the Company determines, in good faith, to be confidential will not be disclosed by such Inspector unless (A) the disclosure of such Records or information is necessary to avoid or correct a material
misstatement or omission in a Registration Statement or related prospectus, (B) the release of such Records or information is ordered pursuant to a subpoena or other order from a court or governmental authority of competent jurisdiction or
(C) necessary for defense in a legal action; 
 (I) (A) cause the Representatives of the Company and its Subsidiaries to
supply all information reasonably requested by any Investor, or any Underwriter, attorney, accountant or agent in connection with the Registration Statement and (B) provide the Investors and their counsel with the opportunity to participate in
the preparation of such Registration Statement and the related prospectus; 
 (J) otherwise use its commercially reasonable
efforts to comply with all applicable rules and regulations of the SEC, and make generally available to its security holders, within the required time period, an earnings statement (which need not be audited) covering a period of 12 months beginning
with the first fiscal quarter after the effective date of the Registration Statement relating to such Registrable Securities (as the term “effective date” is defined in Rule 158(c) under the Securities Act), which earnings statement will
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder or any successor provisions thereto; 

(K) use its commercially reasonable efforts either to (i) cause all of the Registrable Securities covered by a
Registration Statement to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted under the rules of such
exchange or (ii) secure the inclusion for quotation of all of the Registrable Securities on the OTC Bulletin Board or (iii) if, despite the Company’s commercially reasonable efforts, the Company is unsuccessful in satisfying the
preceding clauses (i) and (ii), to secure the inclusion for quotation on an Eligible Market for such Registrable Securities and, without limiting the generality of the foregoing, to use its commercially reasonable efforts to arrange for at
least two market makers to register with the Financial Industry Regulatory Authority, Inc. as such with respect to such Registrable Securities. The Company shall pay all fees and expenses in connection with satisfying its obligation under this
Section 2.04(K); 

  
 10 

 (L) cooperate with the Investors who hold Registrable Securities being
offered and, to the extent applicable, facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration Statement and enable such
certificates to be in such denominations or amounts, as the case may be, as the Investors may reasonably request and registered in such names as the Investors may request; 

(M) within two (2) Business Days after a Registration Statement that covers Registrable Securities is declared effective
by the SEC, deliver, and cause legal counsel for the Company to deliver, to the transfer agent for such Registrable Securities (with copies to the Investors whose Registrable Securities are included in such Registration Statement) confirmation that
such Registration Statement has been declared effective by the SEC; and 
 (N) to the extent required by applicable law or
regulation, identify any Investor as an underwriter in any public disclosure or filing with the SEC, the Principal Market or any Eligible Market, provided that any Investor being deemed an underwriter by the SEC shall not relieve the Company
of any obligations it has under this Agreement, and provided further that notwithstanding anything in this Agreement to the contrary, in no event shall any Investor be identified as a statutory underwriter unless required by applicable law or
regulation, in which case the company shall provide any such investor an opportunity to withdraw its Registrable Securities from the Registration Statement prior to being so named. 

Section 2.05. Conditions to Offerings. (a) The obligations of the Company to take the actions contemplated by
Section 2.01, Section 2.02, Section 2.03 and Section 2.04 with respect to an offering of Registrable Securities will be subject to the following conditions: 

(A) the Company shall be subject to the requirements of Section 13, 14 or 15(d) of the Exchange Act; and 

(B) the Company may require any Investor to furnish to the Company such information regarding the Investor or its Affiliates or
the distribution of such Registrable Securities as the Company may from time to time reasonably request in writing, in each case only as required by the Securities Act or under state securities or blue sky laws. 

(b) each Investor agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 2.04(a)(D) or Section 2.04(a)(E) hereof or a condition described in Section 2.06 hereof, such Investor will promptly discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering the
sale of such Registrable Securities until such Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 2.04(a)(D) hereof or notice from the Company of the termination of the stop order or Deferral
Period (which notice shall not contain material non-public information and which notice shall not be subject to any duty of confidentiality). 

  
 11 

 Section 2.06. Blackout Period. (a) The obligations of the Company to take
the actions contemplated by Section 2.01, Section 2.02 and Section 2.04 hereof will be suspended if compliance with such obligations would (A) violate applicable Law or otherwise prevent the Company from complying with applicable
Law, (B) require the Company to disclose a financing, acquisition, disposition or other transaction or corporate development (other than the contemplated offering), and the Board has determined, in the good faith exercise of its reasonable
business judgment, that such disclosure is not in the best interests of the Company, (C) otherwise require premature disclosure of information the disclosure of which, the Board has determined, in the good faith exercise of its reasonable
business judgment, is not in the best interests of the Company, or (D) otherwise represent an undue hardship for the Company; provided, however, that any and all such suspensions pursuant to this Section 2.06 will not exceed
45 consecutive days or a total of 90 days in the aggregate in any 12-month period (any period during which such obligations are suspended, a “Deferral Period”). The Company will promptly give the Investors written notice of any such
suspension containing the approximate length of the anticipated delay, and the Company will notify the Investors upon the termination of any Deferral Period (which notices shall not contain material non-public
information and which notices shall not be subject to any duty of confidentiality). Upon receipt of any notice from the Company of any Deferral Period, an Investor shall promptly discontinue disposition of the Registrable Securities pursuant to the
Registration Statement relating thereto (which it is agreed does not include (or restrict) any disposition pursuant to Rule 144) until the Investor receives copies of the supplemented or amended prospectus contemplated hereby or until they are
advised in writing by the Company that the use of the prospectus may be resumed and have received copies of any additional or supplemented filings that are incorporated by reference in the prospectus, and, if so directed by the Company, the Investor
will, and will request the lead Underwriter or Underwriters, if any, at the election of the lead Underwriter or Underwriters, to destroy or deliver to the Company all copies, other than permanent file copies, then in the Investor’s or such
Underwriter’s or Underwriters’ possession of the current prospectus covering such Registrable Securities. 
 (b) The Company shall
use its commercially reasonable efforts to update the Registration Statement on each date on which it shall be necessary to do so to cause the Registration Statement to contain any financial statements the Registration Statement is required to
retain. 
 Section 2.07. Offering Expenses. All Offering Expenses will be borne by the Company. Notwithstanding anything to the
contrary in this Agreement, each Investor will bear and pay any underwriting discounts and commissions applicable to Registrable Securities offered for its accounts, transfer taxes and fees and expenses of the Investor’s counsel. 

Section 2.08. Indemnification; Contribution. (a) In connection with any registration of Registrable Securities pursuant to
this Article II, the Company agrees to indemnify and hold harmless, to the fullest extent permitted by applicable Law, each Investor and its respective Affiliates and each Person who controls such Investor within the meaning of either
Section 15 of the Securities Act or Section 20 of the Exchange Act, and the directors, officers, employees, partners, affiliates, members, managers, shareholders, assignees and representatives of each of the foregoing (collectively, the
“Indemnified Persons”) from and against any and all losses, claims, damages, liabilities, judgments, actions and expenses (including documented and reasonable attorneys’ fees) (“Losses”) joint or several
arising out of or based upon (i) any untrue or alleged untrue statement of material fact contained in any part of any Registration Statement, any preliminary or final prospectus or other disclosure document used in connection with the
Registrable Securities, any Issuer FWP or any amendment or supplement to any of the foregoing, 

  
 12 

 
or any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus, in the light of the
circumstances under which they were made) not misleading or (ii) any violation or alleged violation by the Company or any of its Subsidiaries of any federal, state, foreign or common law rule or regulation applicable to the Company or any of
its Subsidiaries and relating to action or inaction in connection with any such registration, Registration Statement, other disclosure document or Issuer FWP; provided, however, that the Company will not be required to indemnify any
Indemnified Person for any Losses resulting from any such untrue statement or omission to the extent such untrue statement or omission was made in reliance on and in conformity with information with respect to any Indemnified Person furnished to the
Company in writing by such Investor expressly for use in the Registration Statement or prospectus in which such untrue statement or omission is purported to have occurred. 

(b) In connection with any Registration Statement, preliminary or final prospectus, or Issuer FWP, each Investor agrees to indemnify, severally
and not jointly, the Company, its Directors, its officers who sign such Registration Statement and each Person, if any, who controls the Company (within the meaning of either Section 15 of the Securities Act or Section 20 of the Exchange
Act) to the same extent as the foregoing indemnity from the Company to the Investor, but only with respect to information with respect to the Investor furnished to the Company in writing by the Investor expressly for use in such Registration
Statement, preliminary or final prospectus, or Issuer FWP to the extent such information is included in the Registration Statement or prospectus in which such untrue statement or omission is purported to have occurred in reliance upon and in
conformity with the information furnished to the Company by the Investor expressly for use therein; provided, however, that in no event shall the Investor’s liability pursuant to this Section 2.08 in respect of the offering
to which such Losses relate exceed an amount equal to the proceeds to the Investor (after deduction of all Underwriters’ discounts and commissions) from such offering less the amount of any damages which the Investor has otherwise been required
to pay by reason of such information. 
 (c) In case any claim, action or proceeding (including any governmental investigation) is instituted
involving any Person in respect of which indemnity may be sought pursuant to Section 2.08(a) or (b), such Person (hereinafter called the “indemnified party”) will (i) promptly notify the Person against whom such indemnity
may be sought (hereinafter called the “indemnifying party”) in writing; provided, however, that the failure to give such notice shall not relieve the indemnifying party of its obligations pursuant to this Agreement
except to the extent such indemnifying party has been prejudiced in any material respect by such failure; (ii) permit the indemnifying party to assume the defense of such claim, action or proceeding with counsel reasonably satisfactory to the
indemnified party to represent the indemnified party; and (iii) pay the fees and disbursements of such counsel related to such claim, action or proceeding. In any such claim, action or proceeding, any indemnified party will have the right to
retain its own counsel, but the fees and expenses of such counsel will be at the expense of such indemnified party (without prejudice to such indemnified party’s indemnity and other rights under the Charter, Bylaws and applicable Law, if any)
unless (A) the indemnifying party and the indemnified party have mutually agreed to the retention of such counsel, (B) the named parties to any such claim, action or proceeding (including any impleaded parties) include both the
indemnifying party and the indemnified party and the indemnified party has been advised in writing by counsel that representation of both parties by the same counsel would be inappropriate due to actual or potential

  
 13 

 
conflicting interests between them, (C) the indemnifying party has failed to assume the defense of such claim and employ counsel reasonably satisfactory to the indemnified party, or
(D) any such, claim, action or proceeding is a criminal or regulatory enforcement action. It is understood that the indemnifying party will not, in connection with any claim, action or proceeding or related claims, actions or proceedings in the
same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm of attorneys for the indemnified parties (in addition to any local counsel at any time for all such indemnified parties) and that all such reasonable
fees and expenses will be reimbursed reasonably promptly following a written request by an indemnified party stating under which clause of (A) through (C) above reimbursement is sought and delivery of documentation of such fees and expenses. In
the case of the retention of any such separate firm for the indemnified parties, such firm will be designated in writing by the indemnified parties. The indemnifying party will not be liable for any settlement of any claim, action or proceeding
effected without its written consent (which consent shall not be unreasonably withheld, conditioned or delayed), but if such claim, action or proceeding is settled with such consent or if there has been a final
non-appealable judgment for the plaintiff, the indemnifying party agrees to indemnify the indemnified party from and against any loss or liability by reason of such settlement or judgment. Notwithstanding the
foregoing sentence, if at any time an indemnified party will have requested an indemnifying party to reimburse the indemnified party for reasonable fees and expenses of counsel as contemplated by the third sentence of this Section 2.08(c), the
indemnifying party agrees that it will be liable for any settlement of any proceeding effected without its written consent if (i) such settlement is entered into more than 45 days after receipt by such indemnifying party of the aforesaid
request and (ii) such indemnifying party has not reimbursed the indemnified party in accordance with such request or reasonably objected in writing, on the basis of the standards set forth herein, to the propriety of such reimbursement prior to
the date of such settlement. No indemnifying party will, without the prior written consent of the indemnified party, effect any settlement of any pending or threatened proceeding (i) in respect of which any indemnified party is or could have
been a party and indemnity could have been sought hereunder by such indemnified party, unless such settlement includes an unconditional release of such indemnified party from all liability on claims that are the subject matter of such proceeding,
(ii) that involves the imposition of equitable remedies on the indemnified party or the imposition of any obligation on the indemnified party, other than as a result of the imposition of financial obligations for which the indemnified person
will be indemnified hereunder, or (iii) that includes a statement as to or admission of fault, culpability, or a failure to act, by or on behalf of any indemnified person. 

(d) If the indemnification provided for in this Section 2.08 from the indemnifying party is unavailable to an indemnified party hereunder
in respect of any Losses referred to in this Section 2.08, then the indemnifying party, in lieu of indemnifying such indemnified party, will contribute to the amount paid or payable by such indemnified party as a result of such Losses
(i) in such proportion as is appropriate to reflect the relative fault of the indemnifying party and indemnified party in connection with the actions that resulted in such Losses, as well as any other relevant equitable considerations, or
(ii) if the allocation provided by clause (i) is not permitted by applicable Law, in such proportion as is appropriate to reflect not only the relative fault referred to in clause (i) but also the relative benefit of the Company, on
the one hand, and the applicable Investor, on the other hand, in connection with the statements or omissions that resulted in such Losses, as well as any other relevant equitable considerations. The relative fault of such indemnifying party and
indemnified party will be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue 

  
 14 

 
statement of a material fact or omission or alleged omission to state a material fact, has been taken by, or relates to information supplied by, such indemnifying party or indemnified party, and
the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action. The amount paid or payable by a party as a result of the Losses referred to above will be deemed to include, subject to the
limitations set forth in Section 2.08(c), any legal or other fees or expenses reasonably incurred by such party in connection with any investigation or proceeding. 

(e) The parties agree that it would not be just and equitable if contribution pursuant to Section 2.08(d) were determined by pro rata
allocation or by any other method of allocation that does not take into account the equitable considerations referred to in Section 2.08(d). No Person guilty of “fraudulent misrepresentation” (within the meaning of Section 11(f)
of the Securities Act) will be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. Notwithstanding the provisions of Section 2.08(d) and this Section 2.08(e), each Investor’s liability
pursuant to Section 2.08(d) in respect of the offering to which such Losses relate shall not exceed an amount equal to the proceeds to such Investor (after deduction of all Underwriters’ discounts and commissions) from such offering less
the amount of any damages which the Investor has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. Each Investor’s obligation to contribute pursuant to this Section 2.08 is
several in proportion to the number of Registrable Securities held by the Investors hereunder and not joint. 
 (f) For purposes of this
Section 2.08, each Indemnified Person shall have the same rights to contribution as the applicable Investor, and each officer, Director and Person, if any, who controls the Company within the meaning of Section 15 of the Securities Act or
Section 20(a) of the Exchange Act shall have the same rights to contribution as the Company, subject in each case to the limitations set forth in the immediately preceding paragraph. Any party entitled to contribution will, promptly after
receipt of notice of commencement of any action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties under this Section 2.08, notify such party or parties from whom
contribution may be sought, but the omission to so notify such party or parties shall not relieve the party or parties from whom contribution may be sought from any obligation it or they may have under this Section 2.08 or otherwise except to
the extent that it has been prejudiced in any material respect by such failure. No party shall be liable for contribution with respect to any action or claim settled without its written consent; provided, however, that such written
consent was not unreasonably withheld. 
 (g) If indemnification is available under this Section 2.08, the indemnifying party will
indemnify each indemnified party to the full extent provided in Sections 2.08(a) and (b) without regard to the relative fault of said indemnifying party or indemnified party or any other equitable consideration provided for in
Section 2.08(d). 
 Section 2.09. [Intentionally Omitted]. 

Section 2.10. Termination of Registration Rights. This Article II (other than Sections 2.08, 2.10 and 2.11 (and related
definitions)) will terminate on the earlier of (i) the date on which all Voting Securities of the Company subject to this Article II cease to be Registrable Securities and (ii) the date on which all such Voting Securities have been sold or
otherwise disposed of pursuant to an effective registration statement, an available exemption from registration under the Securities Act, or in transactions not subject to the registration provisions of the Securities Act. 

  
 15 

 Section 2.11. Rule 144. For so long as any Investor continues to hold any
Registrable Securities, the Company agrees that it will use its commercially reasonable efforts to make and keep adequate current public information available, as those terms are understood and defined in Rule 144, and to file the reports required
to be filed by it under the Securities Act and the Exchange Act and the rules and regulations adopted by the SEC thereunder and to take such further action as an Investor reasonably may request, all to the extent required from time to time to enable
such Investor to sell Registrable Securities within the limitation of exemptions provided by (a) Rule 144, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter adopted by the SEC. Upon the request
of an Investor, the Company will deliver to the Investor a written statement as to whether it has complied with such requirements. 

ARTICLE III 
 Miscellaneous

 Section 3.01. Adjustments. References to numbers or prices of shares and to sums of money contained herein will be adjusted
to account for any reclassification, exchange, substitution, combination, division, stock split or reverse stock split of the shares. 

Section 3.02. Notices. All notices and other communications given or made pursuant hereto shall be in writing and shall be deemed
effectively given upon the earlier to occur of actual receipt or: (a) upon personal delivery to the party to be notified, (b) when sent by electronic mail or facsimile if sent during normal business hours of the recipient; or if not, then
on the next Business Day provided no mail undeliverable or other rejection notice was received by the sending party, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or
(d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All such notices and other communications shall be sent to the respective parties at the following
addresses (or at such other address for a party as shall be specified by like notice): 
 If to any of the Investors, to the physical or
email address set forth in such Investor’s Subscription Agreement. 
 If to the Company, to: 

Radius Global Infrastructure, Inc. 

3 Bala Plaza East, Suite 502 

Bala Cynwyd, PA 19004 
 Attn:
Scott Bruce 
 Email: sbruce@radiusglobal.com 

with a copy to (which shall not constitute notice to the Company): 

Radius Global Infrastructure, Inc. 

3 Bala Plaza East, Suite 502 

Bala Cynwyd, PA 19004 
 Attn:
Jay Birnbaum 
 Email: jbirnbaum@radiusglobal.com 

  
 16 

 Section 3.03. Expenses. Except as otherwise set forth herein, each party shall
pay its own expenses incurred in connection with this Agreement. 
 Section 3.04. Amendments; Waivers; Consents. (a) No
provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed, in the case of an amendment, by the Company and the Investors holding 51% or more of the then-outstanding Registrable Securities,
provided, that if any amendment, modification or waiver disproportionately (without looking at the number of Registrable Securities held by an Investor as a basis for such determination) and adversely impacts an Investor (or group of
Investors), the consent of such disproportionately impacted Investor (or group of Investors) shall be required. Notwithstanding the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively
to the rights of an Investor or some Investors and that does not directly or indirectly affect the rights of other Investors may be given only by such Investor or Investors of all of the Registrable Securities to which such waiver or consent
relates; provided, however, that the provisions of this sentence may not be amended, modified, or supplemented except in accordance with the provisions of the first sentence of this Section 3.04(a). 

(b) The failure of any party to this Agreement to assert any of its rights under this Agreement or otherwise will not constitute a waiver of
such rights nor will any single or partial exercise by any party to this Agreement of any of its rights under this Agreement preclude any other or further exercise of such rights or any other rights under this Agreement. The rights and remedies
herein provided will be cumulative and not exclusive of any rights or remedies provided by Law or otherwise. 
 Section 3.05.
Interpretation. The headings contained in this Agreement and in the table of contents to this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All Schedules annexed
hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context
may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The word “will” shall be construed to have the same meaning as the word “shall”. The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”. The word “extent” in the phrase “to the extent” shall mean the degree to which a subject or other thing extends, and such
phrase shall not mean simply “if”. The word “or” shall not be exclusive. The phrase “date hereof” or “date of this Agreement” shall be deemed to refer to the date set forth in the first sentence of this
Agreement. Unless the context requires otherwise, (i) any definition of or reference to any contract, instrument or other document or any Law herein shall be construed as referring to such contract, instrument or other document or Law as from
time to time amended, supplemented or otherwise modified, (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein”, “hereof” and
“hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (iv) all references herein to Articles, Sections and Schedules shall be construed
to refer to Articles and Sections of, 

  
 17 

 
and Schedules to, this Agreement. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting or causing any
instrument to be drafted. 
 Section 3.06. Severability. If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by any Law, or public policy, all other conditions and provisions of this Agreement will nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated hereby is
not affected in any manner materially adverse to any party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties will negotiate in good faith to modify this Agreement so as to
effect the original intent of the parties as closely as possible in an acceptable manner to the end that the purpose of this Agreement is fulfilled to the fullest extent possible. 

Section 3.07. Counterparts. This Agreement may be executed and delivered in one or more counterparts, all of which shall be
considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties. Delivery of an executed counterpart of a signature page of this Agreement by
facsimile or other electronic image scan transmission (including .pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000, e.g., www.docusign.com or other transmission method) shall be effective as delivery of a manually
executed counterpart of this Agreement. The parties irrevocably and unreservedly agree that this Agreement may be executed by way of electronic signatures and the parties agree that this Agreement, or any part thereof, shall not be challenged or
denied any legal effect, validity and/or enforceability solely on the ground that it is in the form of an electronic record. 

Section 3.08. Entire Agreement; No Third-Party Beneficiaries. This Agreement constitutes the entire agreement, and supersedes all
prior agreements and understandings, both written and oral, among the parties with respect to the subject matter hereof. This Agreement is not intended to and does not confer upon any Person, other than the parties and, with respect to
Section 2.06, Indemnified Persons, any rights or remedies. 
 Section 3.09. Governing Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Delaware applicable to agreements made and to be performed entirely within such State, without regard to the conflict of laws principles of such State. 

Section 3.10. Assignment; Binding Effect. (a) Other than as set forth in Section 3.10(b), this Agreement nor any of the
rights, interests or obligations under this Agreement will be assigned, in whole or in part, by any Investor without the prior written consent of the Company or by the Company without the prior written consent of the Investors. Notwithstanding the
foregoing, an Investor may assign its rights and obligations under this Agreement (i) at any time to one or more of its Affiliates, provided that no such assignment shall relieve Investor of its obligations hereunder if any such
Affiliate fails to perform such obligations, and (ii) in whole or from time to time in part, to one or more Persons in connection with the transfer of Registrable Securities by an Investor to such Person(s), provided that the Investor
complies with all applicable laws and Section 3.10(b). 

  
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 (b) Any such Transfer and assignment by any Investor referred to in Section 3.10(a)
shall only be effective if such transferee becomes a party hereto by executing and delivering to the Company (A) a joinder agreement substantially in the form of Exhibit A attached hereto agreeing to be bound by and subject to the terms
of this Agreement. 
 (c) All covenants and agreements contained in this Agreement shall bind and inure to the benefit of the respective
successors and valid assigns of the parties hereto. Nothing in this Agreement, expressed or implied, is intended to confer upon any Person other than the parties hereto and their respective successors and valid assigns any rights, remedies,
obligations or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement (including in Section 2.08, it being understood and agreed that the Persons referred to therein who or which are not parties hereto
shall be entitled to the benefits of, and to enforce the provisions of, such Section). 
 Section 3.11. Enforcement.
(a) The parties acknowledge and agree that irreparable damage may occur in the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or were otherwise breached, and that monetary damages,
even if available, may not be an adequate remedy therefor. It is accordingly agreed that the parties shall, to the fullest extent permitted by applicable Law, be entitled to seek an injunction or injunctions, or any other appropriate form of
equitable relief, to prevent breaches of this Agreement and to enforce specifically the performance of the terms and provisions of this Agreement in any court referred to in Section 3.11(b), without proof of damages or otherwise (and each party
hereby waives, to the fullest extent permitted by applicable law, any requirement for the security or posting of any bond in connection with such remedy), this being in addition to any other remedy to which they are entitled at law or in equity.
Each of the parties acknowledges and agrees that the right to seek specific enforcement is an integral part of the transactions contemplated by this Agreement and without such right, none of the parties would have entered into this Agreement. 

(b) In addition, to the fullest extent permitted by applicable Law, each of the parties hereto hereby irrevocably submits to the exclusive
jurisdiction of the courts in Delaware for the purpose of any proceeding arising out of or relating to this Agreement or the actions of any Investor or the Company in the negotiation, administration, performance and enforcement thereof, and each of
the parties hereby irrevocably agrees that all claims with respect to such proceeding shall be heard and determined exclusively in such court. To the fullest extent permitted by applicable Law, each of the parties hereto (i) consents to submit
itself to the personal jurisdiction of the courts in Delaware in the event any proceeding arises out of or relates to this Agreement or the actions of any Investor or the Company in the negotiation, administration, performance and enforcement
thereof, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from such court, (iii) irrevocably consents to the service of process in any proceeding arising out of or
relating to this Agreement or the actions of any Investor or the Company in the negotiation, administration, performance and enforcement thereof on behalf of itself or its property, by U.S. registered mail or recognized international courier service
to such party’s respective address set forth in Section 3.02 (provided that nothing in this Section 3.11 shall affect the right of any party to serve legal process in any other manner permitted by applicable Law) and
(iv) agrees that it will not bring any proceeding arising out of or relating to this Agreement or the actions of any Investor or the Company in the negotiation, administration, performance and enforcement thereof in any court other than the
courts in Delaware. 

  
 19 

 
Notwithstanding the foregoing, the parties hereto agree that a final trial court judgment in any such proceeding shall, to the fullest extent permitted by applicable Law, be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable Law; provided, however, that nothing in the foregoing shall restrict any party’s rights to seek any post-judgment relief
regarding, or any appeal from, such final trial court judgment. 
 (c) Each party hereto hereby waives, to the fullest extent permitted by
applicable Law, any right it may have to a trial by jury in respect of any claim, suit, action, investigation or proceeding arising out of or relating to this Agreement or the actions of any Investor or the Company in the negotiation,
administration, performance and enforcement thereof. Each party hereto (a) certifies that no representative, agent or attorney of any other party has represented, expressly or otherwise, that such party would not, in the event of any claim,
suit, action, investigation or proceeding, seek to enforce the foregoing waiver and (b) acknowledges that it and the other parties hereto have been induced to enter into this Agreement by, among other things, the mutual waiver and
certifications in this Section 3.11(c). 
 Section 3.12. Effectiveness; Termination; Survival; Miscellaneous. This
Agreement shall be effective upon the Effective Date. Notwithstanding anything to the contrary contained in this Agreement, this Agreement will automatically terminate, with respect to each Investor, on the first date on which no Registrable
Securities held by the Investor remain outstanding, and this Agreement shall thereafter, to the fullest extent permitted by applicable Law, be null and void with respect to the Investor, except that this Article III shall survive any such
termination indefinitely. Notwithstanding anything to the contrary in this Agreement, Section 2.06 shall survive indefinitely. Nothing in this Section 3.12 will be deemed to release any party from any liability for any willful and material
breach of this Agreement or to impair the right of either party to compel specific performance by the other party of its obligations under this Agreement. 

Section 3.13. Representations and Warranties. (a) The Company hereby makes the representations and warranties set forth in
Annex A to the Investors, each of which is true and correct as of the date hereof. 
 (b) Each Investor, severally and not jointly,
hereby makes the representations and warranties set forth in Annex B to the Company, each of which is true and correct as of the date hereof. 

Section 3.14. Independent Nature of Investors’ Obligations and Rights. The obligations of each Investor
hereunder are several and not joint with the obligations of any other Investor hereunder, and no Investor shall be responsible in any way for the performance of the obligations of any other Investor hereunder. Nothing contained herein, and no action
taken by any Investor pursuant hereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of group or entity, or create a presumption that the Investors are in any way acting in concert or
as a group or entity with respect to such obligations or the transactions contemplated by this Agreement or any other matters, and the Company acknowledges that the Investors are not acting in concert or as a group, and the Company shall not assert
any such claim, with respect to such obligations or transactions. Each Investor shall be entitled to protect and enforce its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other
Investor to be joined as an additional party in any action for such 

  
 20 

 
purpose. The use of a single agreement with respect to the obligations of the Company contained was solely in the control of the Company, not the action or decision of any Investor, and was done
solely for the convenience of the Company and not because it was required or requested to do so by any Investor. It is expressly understood and agreed that each provision contained in this Agreement is between the Company and an Investor, solely,
and not between the Company and the Investors collectively and not between and among Investors. 
 [SIGNATURE PAGES FOLLOW] 

  
 21 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 RADIUS GLOBAL

INFRASTRUCTURE, INC., as the

Company, 
  

by

	 /s/ Scott G. Bruce

	 Name: Scott G. Bruce

	 Title:   President

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 CENTERBRIDGE PARTNERS REAL
 ESTATE FUND, L.P.,
as an Investor,

	
	 By: Centerbridge Special Credit Partners

General Partner III, L.P., its general
 partner,

By: CSCP III Cayman GP Ltd., its general partner,
  

by

	 /s/ Jared S. Hendricks

	Name: Jared S. Hendricks
	Title: Authorized Signatory
	
	CENTERBRIDGE PARTNERS REAL ESTATE FUND, SBS, L.P., as an Investor,
	
	 By: CCP SBS GP, LLC, its general partner,
  

by

	 /s/ Jared S. Hendricks

	Name: Jared S. Hendricks
	Title: Authorized Signatory
	
	CENTERBRIDGE PARTNERS SPECIAL CREDIT PARTNERS III, L.P., as an Investor,
	
	 By: Centerbridge Special Credit Partners General Partner III, L.P., its general partner,

By: CSCP III Cayman GP Ltd., its general partner,
  

by

	 /s/ Jared S. Hendricks

	Name: Jared S. Hendricks
	Title: Authorized Signatory

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 CONVERSANT GL PLUS LP, as an Investor, 
  

by

	 /s/ Keith O’Connor

	Name: Keith O’Connor
	Title:   Chief Financial Officer
	
	 CONVERSANT OPPORTUNITY
 MASTER FUND LP, as an
Investor, 
  
 by

	 /s/ Keith O’Connor

	Name: Keith O’Connor
	Title:   Chief Financial Officer

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 DKLDO V TRADING SUBSIDIARY LP, 
 as an
Investor,

	
	 By: Davidson Kempner Long-Term
 Distressed
Opportunities GP V LLC, its
 general partner,
  

by

	 /s/ Josh Morris

	Name: Joshua D. Morris
	Title:   Managing Member

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	DIAMETER MASTER FUND LP, as an Investor,
	
	 By: Diameter Capital Partners LP, as its Investment Manager,
  

by

	 /s/ Shailini Rao

	Name: Shailini Rao
	Title:   General Counsel and CCO
	
	 DIAMETER DISLOCATION MASTER
 FUND LP, as an
Investor,

	
	 By: Diameter Capital Partners LP, as its Investment Manager,
  

by

	 /s/ Shailini Rao

	Name: Shailini Rao
	Title:   General Counsel and CCO

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 EMINENCE HOLDINGS LLC, as an Investor, 
  

by

	 /s/ Paul F. Kenny

	Name: Paul F. Kenny
	Title:   General Counsel, Eminence Capital, LP
	
	 EC LONGHORN LLC, as an Investor, 
  

by

	 /s/ Paul F. Kenny

	Name: Paul F. Kenny
	Title:   General Counsel, Eminence Capital, LP

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 HARBOR SPRING MASTER FUND, LP, as an Investor, 
  

by

	 /s/ David Zalta

	Name: David Zalta
	Title:   Chief Operating Officer

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 HAZELVIEW SECURITIES INC., on
 behalf of the
following fully managed
 accounts: T4Q Securities Trust,

Hazelview Global Real Estate Fund and
 Counsel Global Real Estate
Funds, as an
 Investor, 
  

by

	 /s/ Corrado Russo

	Name: Corrado Russo
	Title:   Director

 [Signature Page to Registration Rights Agreement] 

 
	
	MONARCH DEBT RECOVERY MASTER FUND LTD, as an Investor,
	 By: Monarch Alternative Capital LP, as investment adviser
  

by

	 /s/ Michael Weinstock

	Name: Michael Weinstock
	Title:   Chief Executive Officer
	
	MONARCH V SELECT OPPORTUNITIES MASTER FUND LP, as an Investor,
	 By: Monarch Alternative Capital LP, as investment adviser
  

by

	 /s/ Michael Weinstock

	Name: Michael Weinstock
	Title:   Chief Executive Officer
	
	MCP HOLDINGS MASTER LP, as an Investor,
	 By: Monarch Alternative Capital LP, as investment adviser
  

by

	 /s/ Michael Weinstock

	Name: Michael Weinstock
	Title:   Chief Executive Officer
	
	MONARCH CAPITAL MASTER PARTNERS IV LP, as an Investor,
	 By: Monarch Alternative Capital LP, as investment adviser
  

by

	 /s/ Michael Weinstock

	Name: Michael Weinstock
	Title:   Chief Executive Officer

 [Signature Page to Registration Rights Agreement] 

 
	
	MONARCH CAPITAL MASTER PARTNERS V LP, as an Investor,
	 By: Monarch Alternative Capital LP, as investment adviser
  

by

	 /s/ Michael Weinstock

	Name: Michael Weinstock
	Title:   Chief Executive Officer

 [Signature Page to Registration Rights Agreement] 

 IN WITNESS WHEREOF, the parties hereto have executed this Registration Rights Agreement as
of the day and year first above written. 
  

	
	 UNITED REFINING INC., as an
 Investor, 

 
 by

	 /s/ John A. Catsimatidis, Jr.

	Name: John A. Catsimatidis, Jr.
	Title:   Chief Investment Officer

 [Signature Page to Registration Rights Agreement] 

 EXHIBIT A 

JOINDER AGREEMENT 
 This Joinder
Agreement (this “Joinder Agreement”) is made as of the date written below by the undersigned (the “Joining Party”) in accordance with the Registration Rights Agreement dated as of May 11, 2021 (as the same may
be amended from time to time, the “Registration Rights Agreement”) between Radius Global Infrastructure, Inc., a Delaware corporation, and [INVESTING ENTITY], as the same may be amended from time to time. Capitalized terms used, but
not defined, herein shall have the meaning ascribed to such terms in the Registration Rights Agreement. 
 The Joining Party hereby
acknowledges, agrees and confirms that, by its execution of this Joinder Agreement, the Joining Party shall be deemed to be a party to and an “Investor” under the Registration Rights Agreement as of the date hereof and, without
limiting the generality of the foregoing, shall be subject to the Registration Rights Agreement and shall have all of the rights and obligations of an Investor thereunder as if it had executed the Registration Rights Agreement. The Joining Party
agrees that its execution of this Joinder Agreement shall be deemed execution of a counterpart to the Registration Rights Agreement and hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions
contained in the Registration Rights Agreement, including the representations by Investors. 
 IN WITNESS WHEREOF, the undersigned has
executed this Joinder Agreement as of the date written below. 
 Date: __________, ____ 

 

			
	[NAME OF JOINING PARTY]
		
	By:	 	          

		 	Name:
		 	Title:

  

			
	AGREED ON THIS [_____] day of [__], 20[_]:
	
	RADIUS GLOBAL INFRASTRUCTURE, INC.
		
	By:	 	          

		 	Name:
		 	Title:

 ANNEX A 

 

	1.	 Organization, Standing and Power. The Company is duly organized, validly existing and in good standing
under the laws of the jurisdiction in which it is organized. 

  

	2.	 Authority; Execution and Delivery; Enforceability. The Company has all requisite company power and
authority to execute and deliver this Agreement and to comply with the terms hereof. The execution and delivery by the Company of this Agreement and the performance by the Company of its obligations under this Agreement have been, duly authorized by
all necessary company action on the part of the Company. The Company has duly executed and delivered this Agreement, which, assuming due authorization, execution and delivery by the other parties hereto, constitutes its legal, valid and binding
obligation, enforceable against it in accordance with its terms (except insofar as such enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other Laws of general applicability relating to or
affecting creditors’ rights, or by principles of equity, whether considered in a proceeding at law or in equity). 

  

	3.	 No Conflicts; Consents. (a) The execution and delivery by the Company of this Agreement do not, and
the performance by the Company of its obligations under this Agreement will not, conflict with, or result in any violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancelation
or acceleration of any obligation or to loss of a material benefit under, or result in the creation of any pledges, liens, charges, mortgages, encumbrances and security interests of any kind or nature whatsoever (collectively,
“Liens”) upon any of the properties or assets of the Company or any of its subsidiaries (the “Company Subsidiaries”) under, any provision of (i) the charter, the bylaws or the comparable organizational
documents of the Company or of any Company Subsidiary, (ii) any contract, lease, license, indenture, note, bond, agreement, concession, franchise or other binding instrument (a “Contract”) to which the Company or any Company
Subsidiary is a party or by which any of their respective properties or assets is bound or (iii) subject to the filings and other matters referred to in paragraph 4 below, any Law applicable to the Company or any Company Subsidiary or their
respective properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that would not reasonably be expected to, individually or in the aggregate, have a material adverse effect on the ability of the Company to
comply with the terms of this Agreement. 

  

	4.	 No consent, approval, license, permit, order or authorization (“Consent”) of, or registration,
declaration or filing with, or permit from, any Governmental Entity, is required to be obtained or made by or with respect to the Company or any Company Subsidiary in connection with the execution, delivery and performance of this Agreement or the
compliance with the terms hereof, other than (i) filings with the SEC of such reports under the Exchange Act as may be required in connection with this Agreement, (ii) such filings as may be required under Nasdaq, Inc. rules and
regulations and (iii) such other items that the failure of which to obtain or make would not reasonably be expected to, individually or in the aggregate, have a material adverse effect on the ability of the Company to comply with the terms of
this Agreement. 

 ANNEX B 

 

	1.	 Organization, Standing and Power. The Investor is duly organized, validly existing and in good standing
under the laws of the jurisdiction in which it is organized. 

  

	2.	 Authority; Execution and Delivery; Enforceability. The Investor has all requisite company power and
authority to execute and deliver this Agreement and to comply with the terms thereof. The execution and delivery by the Investor of this Agreement and the performance by the Investor of its obligations under this Agreement have been duly authorized
by all necessary company action on the part of the Investor. All required approvals, if any, from the limited partners or other equityholders of the Investor to enter into this Agreement and comply with its terms have been granted. The Investor has
duly executed and delivered this Agreement, which, assuming due authorization, execution and delivery by the Company, constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms (except insofar as such
enforceability may be limited by bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium or other Laws of general applicability relating to or affecting creditors’ rights, or by principles of equity, whether considered in a
proceeding at law or in equity). 

  

	3.	 No Conflicts; Consents. The execution and delivery by the Investor of this Agreement do not, and the
performance by the Investor of its obligations under this Agreement will not, conflict with, or result in any violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancelation or
acceleration of any obligation or to loss of a material benefit under, or result in the creation of any Lien upon any of the properties or assets of the Investor or any of its subsidiaries under, any provision of (i) the organizational
documents of the Investor or any of the Investor’s subsidiaries, (ii) any Contract to which such Investor or any of its subsidiaries is a party or by which any of their respective properties or assets is bound or (iii) subject to the
filings and other matters referred to in paragraph 4 below, any Law applicable to the Investor or any of its subsidiaries or their respective properties or assets, other than, in the case of clauses (ii) and (iii) above, any such items that
would not reasonably be expected to, individually or in the aggregate, have a material adverse effect on the ability of such Investor to comply with terms of this Agreement. 

 

	4.	 No Consent of, or registration, declaration or filing with, or permit from, any Governmental Entity is required
to be obtained or made by or with respect to the Investor or any of its subsidiaries in connection with the execution, delivery and performance of this Agreement or the compliance with the terms hereof, other than (i) filings with the SEC of
such reports under the Exchange Act as may be required in connection with this Agreement, (ii) such filings as may be required under applicable stock exchange rules and regulations and (iii) such other items that the failure of which to
obtain or make would not reasonably be expected to, individually or in the aggregate, have a material adverse effect on the ability of such Investor to comply with terms of this Agreement.tpt_ex101

 

 

 

EXHIBIT 10.1

 

Common Stock Purchase Agreement dated May 28, 2021

 

COMMON STOCK PURCHASE AGREEMENT

 

This
Common Stock Purchase Agreement is entered into effective as of
this 28th
day of May, 2021 (this “Agreement”), by and
between TPT Global Tech, Inc., a Florida corporation (the
“Company”), and AN
INSITUTIONAL INVESTOR, a Nevada limited liability company (the
“Investor”).

 

WHEREAS, the parties desire that, upon
the terms and subject to the conditions contained herein, the
Investor shall purchase, from time to time, as provided herein, and
the Company shall issue and sell up to Five Million Dollars
($5,000,000) of the Company’s Common Stock (as defined
below).

 

NOW, THEREFORE, the parties hereto agree
as follows:

 

ARTICLE I

CERTAIN DEFINITIONS

 

            Section
1.1. DEFINED TERMS.
As used in this Agreement, the following terms shall have the
following meanings specified or indicated (such meanings to be
equally applicable to both the singular and plural forms of the
terms defined):

 

“Agreement” shall have the
meaning specified in the preamble hereof.

 

“Average Daily Trading
Volume” shall mean the median daily trading volume of
the Company’s Common Stock over the most recent five (5)
Business Days prior to the respective Purchase Date, as reported by
Bloomberg.

 

“Bankruptcy Law” means
Title 11, U.S. Code, or any similar federal or state law for the
relief of debtors.

 

“Beneficial Ownership
Limitation” shall have the meaning specified in
Section
7.2(h).

 

“Business Day” shall mean
a day on which the Principal Market shall be open for
business.

 

“Claim Notice” shall have
the meaning specified in Section 9.3(a).

 

 

 

1

 

 

 

“Clearing Costs” shall
mean $3,000 to cover the Investor’s broker and Transfer Agent
costs with respect to each deposit of the Purchase Notice
Shares.

 

“Closing” shall mean the
closing of a purchase and sale of shares of Common Stock pursuant
to Section 2.2.

 

“Closing
Date” shall have the
meaning specified in Section
2.2(b).

 

“Commitment Amount” shall
mean Five Million Dollars ($5,000,000).

 

“Commitment Period” shall
mean the period commencing on the Execution Date and ending on the
earlier of (i) the date on which the Investor shall have purchased
a number of Purchase Notice Shares pursuant to this Agreement equal
to the Commitment Amount or (ii) December 31, 2021.

 

“Common Stock” shall mean
the Company’s common stock, $0.001 par value per share, and
any shares of any other class of common stock whether now or
hereafter authorized, having the right to participate in the
distribution of dividends (as and when declared) and assets (upon
liquidation of the Company).

 

“Common Stock Equivalents”
means any securities of the Company entitling the holder thereof to
acquire at any time Common Stock, including, without limitation,
any debt, preferred stock, right, option, warrant or other
instrument that is at any time convertible into or exercisable or
exchangeable for, or otherwise entitles the holder thereof to
receive, Common Stock.

 

“Company” shall have the
meaning specified in the preamble to this Agreement.

 

“Custodian” means any
receiver, trustee, assignee, liquidator or similar official under
any Bankruptcy Law.

 

“Current Report” has the
meaning set forth in Section 6.2.

 

“Damages” shall mean any
loss, claim, damage, liability, cost and expense (including,
without limitation, reasonable attorneys’ fees and
disbursements and costs and expenses of expert witnesses and
investigation).

 

“Disclosure Schedules”
means the Disclosure Schedules of the Company delivered
concurrently herewith.

 

“DTC” shall mean The
Depository Trust Company, or any successor performing substantially
the same function for the Company.

 

“DTC/FAST Program” shall
mean the DTC’s Fast Automated Securities Transfer
Program.

 

“DWAC” shall mean Deposit
Withdrawal at Custodian as defined by the DTC.

 

 

2

 

 

 

 

 

“DWAC Eligible” shall mean
that (a) the Common Stock is eligible at DTC for full services
pursuant to DTC’s Operational Arrangements, including,
without limitation, transfer through DTC’s DWAC system, (b)
the Company has been approved (without revocation) by the
DTC’s underwriting department, (c) the Transfer Agent is
approved as an agent in the DTC/FAST Program, (d) the Purchase
Notice Shares are otherwise eligible for delivery via DWAC, and (e)
the Transfer Agent does not have a policy prohibiting or limiting
delivery of the Purchase Notice Shares, as applicable, via
DWAC.

 

“DWAC Shares” means shares
of Common Stock that are (i) issued in electronic form, (ii) freely
tradable and transferable and without restriction on resale and
(iii) timely credited by the Company to the Investor’s or its
designee’s specified DWAC account with DTC under the DTC/FAST
Program, or any similar program hereafter adopted by DTC performing
substantially the same function.

 

“Exchange Act” shall mean
the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder.

 

“Execution Date” shall
mean the date of this Agreement.

 

“Fixed Purchase” shall
mean a purchase and sale of Common Stock whereby the Company and
Investor agree in writing to a negotiated purchase of Common Stock
as outlined in Exhibit B; provided that Company has submitted at
least one Purchase Notice.

 

“Indemnified Party” shall
have the meaning specified in Section 9.2.

 

“Indemnifying Party” shall
have the meaning specified in Section 9.2.

 

“Indemnity Notice” shall
have the meaning specified in Section 9.3(b).

 

“Investment Amount” shall
mean the Purchase Notice Amount less Clearing Costs.

 

“Investment Limit” shall
mean $1,000,000 initially, subject to increase at the sole
discretion of the Investor.

 

“Investor” shall have the
meaning specified in the preamble to this Agreement.

 

“Lien” means a lien,
charge, pledge, security interest, encumbrance, right of first
refusal, preemptive right or other restriction.

 

 

3

 

 

 

 

 

“Material Adverse Effect”
shall mean any effect on the business, operations, properties, or
financial condition of the Company that is material and adverse to
the Company and/or any condition, circumstance, or situation that
would prohibit or otherwise materially interfere with the ability
of the Company to enter into and perform its obligations under any
Transaction Document.

 

“Person” shall mean an
individual, a corporation, a partnership, an association, a trust
or other entity or organization, including a government or
political subdivision or an agency or instrumentality
thereof.

 

“Principal Market” shall
mean any of the national exchanges (i.e. NYSE, AMEX, Nasdaq), or
principal quotation systems (i.e. OTCQX, OTCQB, OTC Pink, the OTC
Bulletin Board), or other principal exchange or recognized
quotation system which is at the time the principal trading
platform or market for the Common Stock.

 

“Purchase Amount” means a
dollar amount equal to the closing price of the Common Stock on the
Purchase Date multiplied by the number of shares listed in the
respective Purchase Notice, not to exceed the Investment
Limit.

 

“Purchase Date”
shall have the meaning specified
in Section
2.2(a).

 

“Purchase Notice” shall
mean a written notice from Company, substantially in the form of
Exhibit A hereto,
to the Investor setting forth the Purchase Notice Shares which the
Company requires the Investor to purchase pursuant to the terms of
this Agreement.

 

“Purchase Notice Amount”
shall mean the Purchase Notice Shares referenced in the Purchase
Notice multiplied by the Purchase Price.

 

“Purchase Notice Date”
shall mean the Business Day on which the Investor receives the DWAC
Shares set forth in the Purchase Notice in its brokerage
account.

 

“Purchase Notice Limit”
shall mean the maximum amount of Purchase Notice Shares the Company
may request the Investor to purchase per each Purchase Notice shall
be the lesser of: (i) 200% of the Average Daily Trading Volume or
(ii) the Investment Limit divided by the highest closing price of
the Common Stock over the most recent five (5) Business Days
including the respective Purchase Date. Notwithstanding the
forgoing, the Investor may waive the Purchase Notice Limit at any
time to allow the Investor to purchase additional shares under a
Purchase Notice.

 

“Purchase Notice Shares”
shall mean all shares of Common Stock that the Company shall be
entitled to issue as set forth in all Purchase Notices in
accordance with the terms and conditions of this
Agreement.

 

“Purchase Price” shall
mean 85% of the lowest daily VWAP of the Common Stock during the
Valuation Period.

 

 

4

 

 

 

 

 

“Registration Rights
Agreement” means the registration rights agreement to
be entered into by and among the Company and the Investor, in the
form set forth in Exhibit
C.

 

“Registration Statement”
shall have the meaning specified in Section 6.2.

 

“Regulation D” shall mean
Regulation D promulgated under the Securities Act.

 

“Restricted Shares”
shall have the meaning set forth in Section 2.3.

 

“Rule 144” shall mean Rule
144 under the Securities Act or any similar provision then in force
under the Securities Act.

 

“SEC” shall mean the
United States Securities and Exchange Commission.

 

“SEC Documents” shall have
the meaning specified in Section 4.5.

 

“Securities” mean the
Purchase Notice Shares to be issued to the Investor pursuant to the
terms of this Agreement.

 

“Securities Act” shall
mean the Securities Act of 1933, as amended.

 

“Subsidiary” means any
Person the Company wholly-owns or controls, or in which the
Company, directly or indirectly, owns a majority of the voting
stock or similar voting interest, in each case that would be
disclosable pursuant to Item 601(b)(21) of Regulation S-K
promulgated under the Securities Act.

 

“Transaction Documents”
shall mean this Agreement, the Registration Rights Agreement and
all schedules and exhibits hereto and thereto.

 

“Transfer Agent” shall
mean the current transfer agent of the Company, and any successor
transfer agent of the Company.

 

“Valuation Period” shall
mean the five (5) Business days prior to the Closing
Date.

 

 

 

 

5

 

 

 

“VWAP” means, for any
security as of any date, the dollar volume-weighted average price
for such security on the Principal Market (or, if the Principal
Market is not the principal trading market for such security, then
on the principal securities exchange or securities market on which
such security is then traded), during the period beginning at 9:30
a.m., New York time, and ending at 4:00 p.m., New York time, as
reported by Bloomberg through its “VAP” function (set
to 09:30 start time and 16:00 end time) or, if the foregoing does
not apply, the dollar volume-weighted average price of such
security in the over-the-counter market on the electronic bulletin
board for such security during the period beginning at 9:30 a.m.,
New York time, and ending at 4:00 p.m., New York time, as reported
by Bloomberg, or, if no dollar volume-weighted average price is
reported for such security by Bloomberg for such hours, the average
of the highest closing bid price and the lowest closing ask price
of any of the market makers for such security as reported in the
“pink sheets” by OTC Markets Group Inc. (formerly Pink
Sheets LLC). If the VWAP cannot be calculated for such security on
such date on any of the foregoing bases, the VWAP of such security
on such date shall be the fair market value as mutually determined
by the Company and the Investor. If the Company and the Investor
are unable to agree upon the fair market value of such security,
then such dispute shall be resolved in accordance with the
procedures in Section 10.16. All such determinations shall be
appropriately adjusted for any share dividend, share split, share
combination, recapitalization or other similar transaction during
such period.

 

ARTICLE II

PURCHASE AND SALE OF COMMON STOCK

 

Section
2.1 PURCHASE NOTICES. Upon the
terms and conditions set forth herein (including, without
limitation, the provisions of Article VII), the Company shall have
the right, but not the obligation, to direct the Investor, by its
delivery to the Investor of a Purchase Notice from time to time, to
purchase Purchase Notice Shares provided that the amount of
Purchase Notice Shares shall not exceed the Purchase Notice Limit
or the Beneficial Ownership Limitation set forth in Section 7.2(h).
The Company may not deliver a subsequent Purchase Notice until the
Closing of an active Purchase Notice, unless waived by Investor in
writing. Notwithstanding the forgoing, the Company may not submit a
Purchase Notice to the Investor if the Purchase Amount is less than
$30,000. In addition, the Company and the Investor may negotiate a
Fixed Purchase and in such case, the Company shall deliver the
Fixed Purchase Notice to the Investor, to direct the Investor to
purchase certain number of Purchase Notice Shares at a price as
agreed to by the parties.

 

            Section
2.2                                            

MECHANICS.

 

(a) PURCHASE NOTICE. At any time
and from time to time during the Commitment Period, except as
provided in this Agreement, the Company may deliver a Purchase
Notice to Investor, subject to satisfaction of the conditions set
forth in Section 7.2 and otherwise provided herein. The Company
shall deliver the Purchase Notice Shares as DWAC Shares to the
Investor alongside delivery of the Purchase Notice. A Purchase
Notice shall be deemed delivered on (i) the Business Day it is
received by email by the Investor if such notice is received on or
prior to 4:00 p.m. New York time or (ii) the next Business Day if
it is received by email after 4:00 p.m. New York time on a Business
Day or at any time on a day which is not a Business Day (the
“Purchase Date”).

 

(b) CLOSING. The Closing of a
Purchase Notice shall occur five (5) Business Day after the
Purchase Notice Date (the “Closing Date”); whereby the
Investor shall deliver to the Company, by 5:00 p.m. New York time
the applicable Investment Amount by
wire transfer of immediately available funds to an account
designated by the Company.

 

 

 

6

 

 

 

 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF INVESTOR

 

The
Investor represents and warrants to the Company that:

 

Section
3.1 INTENT. The Investor is
entering into this Agreement for its own account and the Investor
has no present arrangement (whether or not legally binding) at any
time to sell the Securities to or through any Person in violation
of the Securities Act or any applicable state securities laws;
provided,
however, that the
Investor reserves the right to dispose of the Securities at any
time in accordance with federal and state securities laws
applicable to such disposition.

 

Section
3.2 NO LEGAL ADVICE FROM THE
COMPANY. The Investor acknowledges that it has had the
opportunity to review this Agreement and the transactions
contemplated by this Agreement with its own legal counsel and
investment and tax advisors. The Investor is relying solely on such
counsel and advisors and not on any statements or representations
of the Company or any of its representatives or agents for legal,
tax or investment advice with respect to this investment, the
transactions contemplated by this Agreement or the securities laws
of any jurisdiction.

 

Section
3.3 ACCREDITED INVESTOR. The
Investor is an accredited investor as defined in Rule 501(a)(3) of
Regulation D, and the Investor has such experience in business and
financial matters that it is capable of evaluating the merits and
risks of an investment in the Securities. The Investor acknowledges
that an investment in the Securities is speculative and involves a
high degree of risk.

 

Section
3.4 AUTHORITY. The Investor has the
requisite power and authority to enter into and perform its
obligations under the Transaction Documents and to consummate the
transactions contemplated hereby and thereby. The execution and
delivery of the Transaction Documents and the consummation by it of
the transactions contemplated hereby and thereby have been duly
authorized by all necessary action and no further consent or
authorization of the Investor is required. The Transaction
Documents to which it is a party has been duly executed by the
Investor, and when delivered by the Investor in accordance with the
terms hereof, will constitute the valid and binding obligation of
the Investor enforceable against it in accordance with its terms,
subject to applicable bankruptcy, insolvency, or similar laws
relating to, or affecting generally the enforcement of,
creditors’ rights and remedies or by other equitable
principles of general application.

 

Section
3.5 NOT AN AFFILIATE. The Investor
is not an officer, director or “affiliate” (as that
term is defined in Rule 405 of the Securities Act) of the
Company.

 

Section
3.6 ORGANIZATION AND STANDING. The
Investor is an entity duly incorporated or formed, validly existing
and in good standing under the laws of the jurisdiction of its
incorporation or formation with full right, corporate, partnership,
limited liability company or similar power and authority to enter
into and to consummate the transactions contemplated by the
Transaction Documents.

 

 

7

 

 

 

 

Section
3.7 ABSENCE OF CONFLICTS. The
execution and delivery of the Transaction Documents and the
consummation of the transactions contemplated hereby and thereby
and compliance with the requirements hereof and thereof, will not
(a) violate any law, rule, regulation, order, writ, judgment,
injunction, decree or award binding on the Investor, (b) violate
any provision of any indenture, instrument or agreement to which
the Investor is a party or is subject, or by which the Investor or
any of its assets is bound, or conflict with or constitute a
material default thereunder, (c) result in the creation or
imposition of any lien pursuant to the terms of any such indenture,
instrument or agreement, or constitute a breach of any fiduciary
duty owed by the Investor to any third party, or (d) require the
approval of any third-party (that has not been obtained) pursuant
to any material contract, instrument, agreement, relationship or
legal obligation to which the Investor is subject or to which any
of its assets, operations or management may be
subject.

 

Section
3.8 DISCLOSURE; ACCESS TO
INFORMATION. The Investor had an opportunity to review
copies of the SEC Documents filed on behalf of the Company and has
had access to all publicly available information with respect to
the Company.

 

Section
3.9 MANNER OF SALE. At no time was
the Investor presented with or solicited by or through any leaflet,
public promotional meeting, television advertisement or any other
form of general solicitation or advertising.

 

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

 

Except as set forth in the SEC Documents and the Disclosure
Schedules, which Disclosure Schedules shall be deemed a part hereof
and shall qualify any representation or otherwise made herein to
the extent of the disclosure contained in the corresponding section
of the Disclosure Schedules, the Company represents and
warrants to the Investor, as of the date hereof, that:

 

Section
4.1 ORGANIZATION OF THE COMPANY.
The Company is an entity duly incorporated or otherwise organized,
validly existing and in good standing under the laws of the
jurisdiction of its incorporation or organization, with the
requisite power and authority to own and use its properties and
assets and to carry on its business as currently conducted. The
Company is not in violation or default of any of the provisions of
its certificate of incorporation, bylaws or other organizational or
charter documents. The Company is duly qualified to conduct
business and is in good standing as a foreign corporation in each
jurisdiction in which the nature of the business conducted or
property owned by it makes such qualification necessary, except
where the failure to be so qualified or in good standing, as the
case may be, could not have or reasonably be expected to result in
a Material Adverse Effect and no proceeding has been instituted in
any such jurisdiction revoking, limiting or curtailing or seeking
to revoke, limit or curtail such power and authority or
qualification. The Company has no Subsidiaries.

 

Section
4.2 AUTHORITY. The Company has the
requisite corporate power and authority to enter into and perform
its obligations under the Transaction Documents. The execution and
delivery of the Transaction Documents by the Company and the
consummation by it of the transactions contemplated hereby and
thereby have been duly authorized by all necessary corporate action
and no further consent or authorization of the Company or its Board
of Directors or stockholders is required. The Transaction Documents
have been duly executed and delivered by the Company and
constitutes a valid and binding obligation of the Company
enforceable against the Company in accordance with its terms,
except as such enforceability may be limited by applicable
bankruptcy, insolvency, or similar laws relating to, or affecting
generally the enforcement of, creditors’ rights and remedies
or by other equitable principles of general
application.

 

 

8

 

 

 

 

Section
4.3 CAPITALIZATION. As of the date
hereof, the authorized capital stock of the Company consists of
1,000,000,000 shares of Common Stock, Common Stock, of which
approximately 873,064,371 shares of Common Stock are issued and
outstanding as of the Execution Date. The Company has not issued
any capital stock since its most recently filed periodic report
under the Exchange Act, other than pursuant to the exercise of
employee stock options under the Company’s stock option
plans, the issuance of shares of Common Stock to employees pursuant
to the Company’s employee stock purchase plans and pursuant
to the conversion and/or exercise of Common Stock Equivalents
outstanding as of the date of the most recently filed periodic
report under the Exchange Act. No Person has any right of first
refusal, preemptive right, right of participation, or any similar
right to participate in the transactions contemplated by the
Transaction Documents. Except as set forth in the SEC Documents,
there are no outstanding options, warrants, scrip rights to
subscribe to, calls or commitments of any character whatsoever
relating to, or securities, rights or obligations convertible into
or exercisable or exchangeable for, or giving any Person any right
to subscribe for or acquire any shares of Common Stock, or
contracts, commitments, understandings or arrangements by which the
Company is or may become bound to issue additional shares of Common
Stock or Common Stock Equivalents. The issuance and sale of the
Securities will not obligate the Company to issue shares of Common
Stock or other securities to any Person (other than the Investor)
and will not result in a right of any holder of Company securities
to adjust the exercise, conversion, exchange or reset price under
any of such securities. There are no stockholders agreements,
voting agreements or other similar agreements with respect to the
Company’s capital stock to which the Company is a party or,
to the knowledge of the Company, between or among any of the
Company’s stockholders.

 

Section
4.4 LISTING AND MAINTENANCE
REQUIREMENTS. The Common Stock is registered pursuant to
Section 12(g) of the Exchange Act, and the Company has taken no
action designed to, or which to its knowledge is likely to have the
effect of, terminating the registration of the Common Stock under
the Exchange Act nor has the Company received any notification that
the SEC is contemplating terminating such registration. The Company
has not, in the twelve (12) months preceding the date hereof,
received notice from the Principal Market on which the Common Stock
is or has been listed or quoted to the effect that the Company is
not in compliance with the listing or maintenance requirements of
such Principal Market. The Company is and has no reason to believe
that it will not in the foreseeable future continue to be, in
compliance with all such listing and maintenance
requirements.

 

 

9

 

 

 

 

Section
4.5 SEC DOCUMENTS; DISCLOSURE. The
Company has filed all reports, schedules, forms, statements and
other documents required to be filed by the Company under the
Securities Act and the Exchange Act, including pursuant to Section
13(a) thereof, for the one (1) year preceding the date hereof (or
such shorter period as the Company was required by law or
regulation to file such material) (the foregoing materials,
including the exhibits thereto and documents incorporated by
reference therein, being collectively referred to herein as the
“SEC
Documents”) on a timely basis or has received a valid
extension of such time of filing and has filed any such SEC
Documents prior to the expiration of any such extension. As of
their respective dates, the SEC Documents complied in all material
respects with the requirements of the Securities Act and the
Exchange Act, as applicable, and other federal laws, rules and
regulations applicable to such SEC Documents, and none of the SEC
Documents when filed 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
light of the circumstances under which they were made, not
misleading. The financial statements of the Company included in the
SEC Documents comply as to form and substance in all material
respects with applicable accounting requirements and the published
rules and regulations of the SEC or other applicable rules and
regulations with respect thereto. Such financial statements have
been prepared in accordance with generally accepted accounting
principles applied on a consistent basis during the periods
involved (except (a) as may be otherwise indicated in such
financial statements or the notes thereto or (b) in the case of
unaudited interim statements, to the extent they may not include
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 operations and
cash flows for the periods then ended (subject, in the case of
unaudited statements, to normal, immaterial, year-end audit
adjustments). Except with respect to the material terms and
conditions of the transactions contemplated by the Transaction
Documents, the Company confirms that neither it nor any other
Person acting on its behalf has provided the Investor or its agents
or counsel with any information that it believes constitutes or
might constitute material, non-public information. The Company
understands and confirms that the Investor will rely on the
foregoing representation in effecting transactions in securities of
the Company.

 

Section
4.6 VALID ISSUANCES. The Securities
are duly authorized and, when issued and paid for in accordance
with the applicable Transaction Documents, will be duly and validly
issued, fully paid, and non-assessable, free and clear of all Liens
imposed by the Company other than restrictions on transfer provided
for in the Transaction Documents.

 

Section
4.7 NO CONFLICTS. The execution,
delivery and performance of the Transaction Documents by the
Company and the consummation by the Company of the transactions
contemplated hereby and thereby, including, without limitation, the
issuance of the Purchase Notice Shares, do not and will not: (a)
result in a violation of the Company’s certificate or
articles of incorporation, by-laws or other organizational or
charter documents, (b) conflict with, or constitute a material
default (or an event that with notice or lapse of time or both
would become a material default) under, result in the creation of
any Lien upon any of the properties or assets of the Company, or
give to others any rights of termination, amendment, acceleration
or cancellation of, any agreement, indenture, instrument or any
“lock-up” or similar
provision of any underwriting or similar agreement to which the
Company is a party, or (c) result in a violation of any federal,
state or local 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 (except for such conflicts, defaults,
terminations, amendments, accelerations, cancellations and
violations as would not, individually or in the aggregate, have a
Material Adverse Effect) nor is the Company otherwise in violation
of, conflict with or in default under any of the foregoing. The
business of the Company is not being conducted in violation of any
law, ordinance or regulation of any governmental entity, except for
possible violations that either singly or in the aggregate do not
and will not have a Material Adverse Effect. The Company is not
required under federal, state or local law, rule or regulation to
obtain any consent, authorization or order of, or make any filing
or registration with, any court or governmental agency in order for
it to execute, deliver or perform any of its obligations under the
Transaction Documents (other than any SEC or state securities
filings that may be required to be made by the Company in
connection with the issuance of Purchase Notice Shares or
subsequent to any Closing or any registration statement that may be
filed pursuant hereto); provided that, for purposes of the
representation made in this sentence, the Company is assuming and
relying upon the accuracy of the relevant representations and
agreements of Investor herein.

 

 

10

 

 

 

 

Section
4.8 NO MATERIAL ADVERSE EFFECT. No
event has occurred that would have a Material Adverse Effect on the
Company that has not been disclosed in subsequent SEC
Documents.

 

Section
4.9 LITIGATION AND OTHER
PROCEEDINGS. Except as disclosed in the SEC Documents and
the Disclosure Schedule, there are no material actions, suits,
investigations, inquiries or similar proceedings (however any
governmental agency may name them) pending or, to the knowledge of
the Company, threatened against or affecting the Company or its
properties, nor has the Company received any written or oral notice
of any such action, suit, proceeding, inquiry or investigation,
which would have a Material Adverse Effect. No judgment, order,
writ, injunction or decree or award has been issued by or, to the
knowledge of the Company, requested of any court, arbitrator or
governmental agency which would have a Material Adverse Effect.
There has not been, and to the knowledge of the Company, there is
not pending or contemplated, any investigation by the SEC involving
the Company or any current or former director or officer of the
Company.

 

Section
4.10 REGISTRATION RIGHTS. Except as
set forth in Schedule 4.10, no Person (other than the Investor) has
any right to cause the Company to effect the registration under the
Securities Act of any securities of the Company.

 

Section
4.11 ACKNOWLEDGMENT REGARDING
INVESTOR’S PURCHASE OF SECURITIES. The Company
acknowledges and agrees that the Investor is acting solely in the
capacity of an arm’s length purchaser with respect to the
Transaction Documents and the transactions contemplated hereby and
thereby and that the Investor is not (i) an officer or director of
the Company, or (ii) an “affiliate” (as defined in Rule
144) of the Company. The Company further acknowledges that the
Investor is not acting as a financial advisor or fiduciary of the
Company (or in any similar capacity) with respect to the
Transaction Documents and the transactions contemplated hereby and
thereby, and any advice given by the Investor or any of its
representatives or agents in connection with the Transaction
Documents and the transactions contemplated hereby and thereby is
merely incidental to the Investor’s purchase of the Shares.
The Company further represents to the Investor that the
Company’s decision to enter into the Transaction Documents
has been based solely on the independent evaluation by the Company
and its representatives.

 

 

11

 

 

 

 

Section
4.12 NO GENERAL SOLICITATION; PLACEMENT
AGENT. Neither the Company, nor any Person acting on its
behalf, has engaged in any form of general solicitation or general
advertising (within the meaning of Regulation D under the
Securities act) in connection with the offer or sale of the
Securities. The Company has not engaged a placement agent in
connection with the sale of the Securities
.

 

Section
4.13 NO INTEGRATED OFFERING. None of
the Company, its affiliates, and any Person acting on their behalf
has, directly or indirectly, made any offers or sales of any
security or solicited any offers to buy any security, under
circumstances that would cause this offering of the Securities to
be integrated with prior offerings for purposes of any applicable
stockholder approval provisions, including, without limitation,
under the rules and regulations of any exchange or automated
quotation system on which any of the securities of the Company are
listed or designated, but excluding stockholder consents required
to authorize and issue the Securities or waive any anti-dilution
provisions in connection therewith.

 

Section
4.14 OTHER COVERED PERSONS. The
Company is not aware of any Person (other than any Issuer Covered
Person) that has been or will be paid (directly or indirectly)
remuneration for solicitation of the Investor in connection with
the sale of any Regulation D Securities.

 

ARTICLE V

COVENANTS OF INVESTOR

 

Section
5.1 SHORT SALES AND
CONFIDENTIALITY. Neither the Investor, nor any affiliate of
the Investor acting on its behalf or pursuant to any understanding
with it, will execute any Short Sales during the period from the
date hereof to the end of the Commitment Period. For the purposes
hereof, and in accordance with Regulation SHO, the sale after
delivery of the Purchase Notice of such number of shares of Common
Stock reasonably expected to be purchased under the Purchase Notice
shall not be deemed a Short Sale. The Investor shall, until such
time as the transactions contemplated by the Transaction Documents
are publicly disclosed by the Company in accordance with the terms
of the Transaction Documents, maintain the confidentiality of the
existence and terms of this transaction and the information
included in the Transaction Documents.

 

Section
5.2 COMPLIANCE WITH LAW; TRADING IN
SECURITIES. The Investor’s trading activities with
respect to shares of Common Stock will be in compliance with all
applicable state and federal securities laws and regulations and
the rules and regulations of the Principal Market.

 

 

12

 

 

 

 

ARTICLE VI

COVENANTS OF THE COMPANY

 

Section
6.1 LISTING OF COMMON STOCK. The
Company shall promptly secure the listing, where applicable, of all
of the Common Stock to be issued to the Investor hereunder on the
Principal Market (subject to official notice of issuance, where
applicable) and shall use commercially reasonable best efforts to
maintain, so long as any shares of Common Stock shall be so listed,
the listing, if required, of all such Common Stock from time
to-time issuable hereunder. The Company shall use its commercially
reasonable best efforts to continue the listing or quotation and
trading of the Common Stock on the Principal Market (including,
without limitation, maintaining sufficient net tangible assets, if
required) and will comply in all respects with the Company’s
reporting, filing and other obligations under the bylaws or rules
of the Principal Market.

 

Section
6.2 FILING OF CURRENT REPORT AND
REGISTRATION STATEMENT. The Company agrees that it shall
file a Current Report on Form 8-K, including the Transaction
Documents as exhibits thereto, with the SEC within the time
required by and in compliance with the Exchange Act, relating to
the transactions contemplated by, and describing the material terms
and conditions of, the Transaction Documents (the
“Current
Report”). The Company shall permit the Investor to
review and comment upon the final pre-filing draft version of the
Current Report at least one (1) Business Day prior to its filing
with the SEC, and the Company shall give reasonable consideration
to all such comments. The Investor shall use its reasonable best
efforts to comment upon the final pre-filing draft version of the
Current Report within one (1) Business Day from the date the
Investor receives it from the Company. The Company shall also file
with the SEC, within thirty (30) Business Days from the Execution
Date, a new Registration Statement on Form S-1 or S-3 (the
“Registration
Statement”) in compliance with the terms of the
Registration Rights Agreement, covering the resale of the
Securities.

 

ARTICLE VII

CONDITIONS TO DELIVERY OF

PURCHASE NOTICE AND CONDITIONS TO CLOSING

 

Section
7.1 CONDITIONS PRECEDENT TO THE RIGHT OF
THE COMPANY TO ISSUE AND SELL PURCHASE NOTICE SHARES. The
right of the Company to issue and sell the Purchase Notice Shares
to the Investor is subject to the satisfaction of each of the
conditions set forth below:

(a) ACCURACY OF INVESTOR’S
REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Investor shall be true and correct in all
material respects as of the date of this Agreement and as of the
date of each Closing as though made at each such time.

 

(b) PERFORMANCE BY INVESTOR.
Investor shall have performed, satisfied and complied in all
respects with all covenants, agreements and conditions required by
this Agreement to be performed, satisfied or complied with by the
Investor at or prior to such Closing.

 

(c) PERFORMANCE BY INVESTOR.
Investor shall have performed, satisfied and complied in all
respects with all covenants, agreements and conditions required by
this Agreement to be performed, satisfied or complied with by the
Investor at or prior to such Closing.

(d) PRINCIPAL MARKET REGULATION.
The Company shall not issue any Purchase Notice Shares, and the
Investor shall not have the right to receive any Purchase Notice
Shares, if the issuance of such Purchase Notice Shares would exceed
the aggregate number of shares of Common Stock which the Company
may issue without breaching the Company’s obligations under
the rules or regulations of the Principal Market.

 

 

13

 

 

 

 

Section
7.2 CONDITIONS PRECEDENT TO THE OBLIGATION
OF INVESTOR TO PURCHASE THE PURCHASE NOTICE SHARES. The
obligation of the Investor hereunder to purchase the Purchase
Notice Shares is subject to the satisfaction of each of the
following conditions:

(a) *intentionally
omitted*

 

(b) EFFECTIVE REGISTRATION
STATEMENT. The Registration Statement, and any amendment or
supplement thereto, shall remain effective for the offering of the
Securities and (i) the Company shall not have received notice that
the SEC has issued or intends to issue a stop order with respect to
such Registration Statement or that the SEC otherwise has suspended
or withdrawn the effectiveness of such Registration Statement,
either temporarily or permanently, or intends or has threatened to
do so and (ii) no other suspension of the use of, or withdrawal of
the effectiveness of, such Registration Statement or related
prospectus shall exist. The Investor shall not have received any
notice from the Company that the prospectus and/or any prospectus
supplement fails to meet the requirements of Section 5(b) or
Section 10 of the Securities Act.

 

(c) ACCURACY OF THE COMPANY’S
REPRESENTATIONS AND WARRANTIES. The representations and
warranties of the Company shall be true and correct in all material
respects as of the date of this Agreement and as of the date of
each Closing (except for representations and warranties
specifically made as of a particular date).

 

(d) PERFORMANCE BY THE COMPANY. The
Company shall have performed, satisfied and complied in all
material respects with all covenants, agreements and conditions
required by this Agreement to be performed, satisfied or complied
with by the Company.

 

(e) NO INJUNCTION. No statute,
rule, regulation, executive order, decree, ruling or injunction
shall have been enacted, entered, promulgated or adopted by any
court or governmental authority of competent jurisdiction that
prohibits or directly and materially adversely affects any of the
transactions contemplated by the Transaction Documents, and no
proceeding shall have been commenced that may have the effect of
prohibiting or materially adversely affecting any of the
transactions contemplated by the Transaction
Documents.

 

(f) ADVERSE CHANGES. Since the date
of filing of the Company’s most recent annual report on Form
10-K, no event that had or is reasonably likely to have a Material
Adverse Effect has occurred.

 

(g) NO SUSPENSION OF TRADING IN OR
DELISTING OF COMMON STOCK. The trading of the Common Stock
shall not have been suspended by the SEC or the Principal Market,
or otherwise halted for any reason, and the Common Stock shall have
been approved for listing or quotation on and shall not have been
delisted from or no longer quoted on the Principal Market. In the
event of a suspension, delisting, or halting for any reason, of the
trading of the Common Stock, as contemplated by this Section
7.2(g), the Investor shall have the right to return to the Company
any amount of Purchase Notice Shares associated with such Purchase
Notice, and the Investment Amount with respect to such Purchase
Notice shall be refunded accordingly.

 

 

 

14

 

 

 

(h) BENEFICIAL OWNERSHIP
LIMITATION. The number of Purchase Notice Shares then to be
purchased by the Investor shall not exceed the number of such
shares that, when aggregated with all other shares of Common Stock
then owned by the Investor beneficially or deemed beneficially
owned by the Investor, would result in the Investor owning more
than the Beneficial Ownership Limitation (as defined below), as
determined in accordance with Section 13 of the Exchange Act. For
purposes of this Section 7.2(h), in the event that the amount of
Common Stock outstanding is greater or lesser on a Closing Date
than on the date upon which the Purchase Notice associated with
such Closing Date is given, the amount of Common Stock outstanding
on such issuance of a Purchase Notice shall govern for purposes of
determining whether the Investor, when aggregating all purchases of
Common Stock made pursuant to this Agreement, would own more than
the Beneficial Ownership Limitation following a purchase on any
such Closing Date. In the event the Investor claims that compliance
with a Purchase Notice would result in the Investor owning more
than the Beneficial Ownership Limitation, upon request of the
Company the Investor will provide the Company with evidence of the
Investor’s then existing shares beneficially or deemed
beneficially owned. The “Beneficial Ownership
Limitation” shall be 4.99% of the number of shares of the
Common Stock outstanding immediately prior to the issuance of
shares of Common Stock issuable pursuant to a Purchase Notice.
Notwithstanding the foregoing, the Investor may increase the
Beneficial Ownership Limitation up to 9.99% at its sole discretion.
To the extent that the Beneficial Ownership Limitation is exceeded,
the number of shares of Common Stock issuable to the Investor shall
be reduced so it does not exceed the Beneficial Ownership
Limitation.

 

(i) [INTENTIONALLY
OMITTED]

 

(j) NO KNOWLEDGE. The Company shall
have no knowledge of any event more likely than not to have the
effect of causing the effectiveness of the Registration Statement
to be suspended or any prospectus or prospectus supplement failing
to meet the requirement of Sections 5(b) or 10 of the Securities
Act (which event is more likely than not to occur within the
fifteen (15) Business Days following the Business Day on which such
Purchase Notice is deemed delivered).

 

(k) NO VIOLATION OF SHAREHOLDER APPROVAL
REQUIREMENT. The issuance of the Purchase Notice Shares
shall not violate the shareholder approval requirements of the
Principal Market.

 

(l) DWAC ELIGIBLE. The Common Stock
must be DWAC Eligible and not subject to a “DTC
chill”.

 

(m) SEC DOCUMENTS. All reports,
schedules, registrations, forms, statements, information and other
documents required to have been filed by the Company with the SEC
pursuant to the reporting requirements of the Exchange Act shall
have been filed with the SEC within the applicable time periods
prescribed for such filings under the Exchange Act.

 

ARTICLE VIII

LEGENDS

 

Section
8.1 NO RESTRICTIVE STOCK LEGEND. No
restrictive stock legend shall be placed on the share certificates
representing the Purchase Notice Shares.

 

Section
8.2 INVESTOR’S COMPLIANCE.
Nothing in this Article VIII shall affect in any way the
Investor’s obligations hereunder to comply with all
applicable securities laws upon the sale of the Common
Stock.

 

 

15

 

 

 

 

ARTICLE IX

INDEMNIFICATION

 

Section
9.1 INDEMNIFICATION. Each party (an
“Indemnifying
Party”) agrees to indemnify and hold harmless the
other party along with its officers, directors, employees, and
authorized agents, and each Person or entity, if any, who controls
such party within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act (an “Indemnified Party”) from
and against any Damages, and any action in respect thereof to which
the Indemnified Party becomes subject to, resulting from, arising
out of this Agreement or relating to (i) any misrepresentation,
breach of warranty or nonfulfillment of or failure to perform any
covenant or agreement on the part of the Indemnifying Party
contained in this Agreement, (ii) any untrue statement or alleged
untrue statement of a material fact contained in the Registration
Statement or any post-effective amendment thereof or prospectus or
prospectus supplement, or the omission or alleged omission
therefrom of a material fact required to be stated therein or
necessary to make the statements therein not misleading, (iii) any
untrue statement or alleged untrue statement of a material fact
contained in any preliminary prospectus or contained in the final
prospectus (as amended or supplemented, if the Company files any
amendment thereof or supplement thereto with the SEC) or the
omission or alleged omission to state therein any material fact
necessary to make the statements made therein, in the light of the
circumstances under which the statements therein were made, not
misleading, or (iv) any violation or alleged violation by the
Company of the Securities Act, the Exchange Act, any state
securities law or any rule or regulation under the Securities Act,
the Exchange Act or any state securities law, as such Damages are
incurred, except to the extent such Damages result primarily from
the Indemnified Party’s failure to perform any covenant or
agreement contained in this Agreement or the Indemnified
Party’s, recklessness or willful misconduct in performing its
obligations under this Agreement; provided, however, that the foregoing
indemnity agreement shall not apply to any Damages of an
Indemnified Party to the extent, but only to the extent, arising
out of or based upon any untrue statement or alleged untrue
statement or omission or alleged omission made by an Indemnifying
Party in reliance upon and in conformity with written information
furnished to the Indemnifying Party by the Indemnified Party
expressly for use in the Registration Statement, any post-effective
amendment thereof, prospectus, prospectus supplement thereto, or
any preliminary prospectus or final prospectus (as amended or
supplemented).

 

Section
9.2 INDEMNIFICATION
PROCEDURE.

 

(a) A party that seeks
indemnification under must promptly give the other party notice of
any legal action. But a delay in notice does not relieve an
Indemnifying Party of any liability to any Indemnified Party,
except to the extent the Indemnifying Party shows that the delay
prejudiced the defense of the action.

 

 

 

16

 

 

 

(b) The Indemnifying
Party may participate in the defense at any time or it may assume
the defense by giving notice to the Indemnified Parties. After
assuming the defense, the Indemnifying Party:

 

(i) must select counsel
(including local counsel if appropriate) that is reasonably
satisfactory to the Indemnified Parties;

 

(ii) is
not liable to the other party for any later attorney’s fees
or for any other later expenses that the Indemnified Parties incur,
except for reasonable investigation costs;

 

(iii) must
not compromise or settle the action without the Indemnified Parties
consent (which may not be unreasonably withheld); and

 

(iv) is
not liable for any compromise or settlement made without its
consent.

 

(c) If the Indemnifying
Party fails to assume the defense within 10 days after receiving
notice of the action, the Indemnifying Party shall be bound by any
determination made in the action or by any compromise or settlement
made by the Indemnified Parties, and also remains liable to pay the
Indemnified Parties’ legal fees and expenses.

 

Section
9.3 METHOD OF ASSERTING INDEMNIFICATION
CLAIMS. All claims for indemnification by any Indemnified
Party under Section 9.2 shall be asserted and resolved as
follows:

(a) In the event any
claim or demand in respect of which an Indemnified Party might seek
indemnity under Section 9.2 is asserted against or sought to be
collected from such Indemnified Party by a Person other than a
party hereto or an affiliate thereof (a “Third Party
Claim”), the Indemnified Party shall deliver a written
notification, enclosing a copy of all papers served, if any, and
specifying the nature of and basis for such Third Party Claim and
for the Indemnified Party’s claim for indemnification that is
being asserted under any provision of Section 9.2 against an
Indemnifying Party, together with the amount or, if not then
reasonably ascertainable, the estimated amount, determined in good
faith, of such Third Party Claim (a “Claim Notice”)
with reasonable promptness to the Indemnifying Party. If the
Indemnified Party fails to provide the Claim Notice with reasonable
promptness after the Indemnified Party receives notice of such
Third Party Claim, the Indemnifying Party shall not be obligated to
indemnify the Indemnified Party with respect to such Third Party
Claim to the extent that the Indemnifying Party’s ability to
defend has been prejudiced by such failure of the Indemnified
Party. The Indemnifying Party shall notify the Indemnified Party as
soon as practicable within the period ending thirty (30) calendar
days following receipt by the Indemnifying Party of either a Claim
Notice or an Indemnity Notice (as defined below) (the
“Dispute Period”) whether the Indemnifying Party
disputes its liability or the amount of its liability to the
Indemnified Party under Section 9.2 and whether the Indemnifying
Party desires, at its sole cost and expense, to defend the
Indemnified Party against such Third Party Claim.

 

 

17

 

 

 

(i) If the Indemnifying
Party notifies the Indemnified Party within the Dispute Period that
the Indemnifying Party desires to defend the Indemnified Party with
respect to the Third Party Claim pursuant to this Section 9.3(a),
then the Indemnifying Party shall have the right to defend, with
counsel reasonably satisfactory to the Indemnified Party, at the
sole cost and expense of the Indemnifying Party, such Third Party
Claim by all appropriate proceedings, which proceedings shall be
vigorously and diligently prosecuted by the Indemnifying Party to a
final conclusion or will be settled at the discretion of the
Indemnifying Party (but only with the consent of the Indemnified
Party in the case of any settlement that provides for any relief
other than the payment of monetary damages or that provides for the
payment of monetary damages as to which the Indemnified Party shall
not be indemnified in full pursuant to Section 9.2). The
Indemnifying Party shall have full control of such defense and
proceedings, including any compromise or settlement thereof; provided, however, that the
Indemnified Party may, at the sole cost and expense of the
Indemnified Party, at any time prior to the Indemnifying
Party’s delivery of the notice referred to in the first
sentence of this clause (i), file any motion, answer or other
pleadings or take any other action that the Indemnified Party
reasonably believes to be necessary or appropriate to protect its
interests; and provided, further, that if requested by
the Indemnifying Party, the Indemnified Party will, at the sole
cost and expense of the Indemnifying Party, provide reasonable
cooperation to the Indemnifying Party in contesting any Third Party
Claim that the Indemnifying Party elects to contest. The
Indemnified Party may participate in, but not control, any defense
or settlement of any Third Party Claim controlled by the
Indemnifying Party pursuant to this clause (i), and except as
provided in the preceding sentence, the Indemnified Party shall
bear its own costs and expenses with respect to such participation.
Notwithstanding the foregoing, the Indemnified Party may take over
the control of the defense or settlement of a Third Party Claim at
any time if it irrevocably waives its right to indemnity under
Section 9.2 with respect to such Third Party Claim.

 

(ii) If
the Indemnifying Party fails to notify the Indemnified Party within
the Dispute Period that the Indemnifying Party desires to defend
the Third Party Claim pursuant to Section 9.3(a), or if the
Indemnifying Party gives such notice but fails to prosecute
vigorously and diligently or settle the Third Party Claim, or if
the Indemnifying Party fails to give any notice whatsoever within
the Dispute Period, then the Indemnified Party shall have the right
to defend, at the sole cost and expense of the Indemnifying Party,
the Third Party Claim by all appropriate proceedings, which
proceedings shall be prosecuted by the Indemnified Party in a
reasonable manner and in good faith or will be settled at the
discretion of the Indemnified Party(with the consent of the
Indemnifying Party, which consent will not be unreasonably
withheld). The Indemnified Party will have full control of such
defense and proceedings, including any compromise or settlement
thereof; provided, however, that if requested by the Indemnified
Party, the Indemnifying Party will, at the sole cost and expense of
the Indemnifying Party, provide reasonable cooperation to the
Indemnified Party and its counsel in contesting any Third Party
Claim which the Indemnified Party is contesting. Notwithstanding
the foregoing provisions of this clause (ii), if the Indemnifying
Party has notified the Indemnified Party within the Dispute Period
that the Indemnifying Party disputes its liability or the amount of
its liability hereunder to the Indemnified Party with respect to
such Third Party Claim and if such dispute is resolved in favor of
the Indemnifying Party in the manner provided in clause (iii)
below, the Indemnifying Party will not be required to bear the
costs and expenses of the Indemnified Party’s defense
pursuant to this clause (ii) or of the Indemnifying Party’s
participation therein at the Indemnified Party’s request, and
the Indemnified Party shall reimburse the Indemnifying Party in
full for all reasonable costs and expenses incurred by the
Indemnifying Party in connection with such litigation. The
Indemnifying Party may participate in, but not control, any defense
or settlement controlled by the Indemnified Party pursuant to this
clause (ii), and the Indemnifying Party shall bear its own costs
and expenses with respect to such participation.

 

 

 

18

 

 

 

(iii) If
the Indemnifying Party notifies the Indemnified Party that it does
not dispute its liability or the amount of its liability to the
Indemnified Party with respect to the Third Party Claim under
Section 9.2 or fails to notify the Indemnified Party within the
Dispute Period whether the Indemnifying Party disputes its
liability or the amount of its liability to the Indemnified Party
with respect to such Third Party Claim, the amount of Damages
specified in the Claim Notice shall be conclusively deemed a
liability of the Indemnifying Party under Section 9.2 and the
Indemnifying Party shall pay the amount of such Damages to the
Indemnified Party on demand. If the Indemnifying Party has timely
disputed its liability or the amount of its liability with respect
to such claim, the Indemnifying Party and the Indemnified Party
shall proceed in good faith to negotiate a resolution of such
dispute; provided,
however, that if
the dispute is not resolved within thirty (30) days after the Claim
Notice, the Indemnifying Party shall be entitled to institute such
legal action as it deems appropriate.

 

(b) In the event any
Indemnified Party should have a claim under Section 9.2 against the
Indemnifying Party that does not involve a Third Party Claim, the
Indemnified Party shall deliver a written notification of a claim
for indemnity under Section 9.2 specifying the nature of and basis
for such claim, together with the amount or, if not then reasonably
ascertainable, the estimated amount, determined in good faith, of
such claim (an “Indemnity Notice”) with reasonable
promptness to the Indemnifying Party. The failure by any
Indemnified Party to give the Indemnity Notice shall not impair
such party’s rights hereunder except to the extent that the
Indemnifying Party demonstrates that it has been irreparably
prejudiced thereby. If the Indemnifying Party notifies the
Indemnified Party that it does not dispute the claim or the amount
of the claim described in such Indemnity Notice or fails to notify
the Indemnified Party within the Dispute Period whether the
Indemnifying Party disputes the claim or the amount of the claim
described in such Indemnity Notice, the amount of Damages specified
in the Indemnity Notice will be conclusively deemed a liability of
the Indemnifying Party under Section 9.2 and the Indemnifying Party
shall pay the amount of such Damages to the Indemnified Party on
demand. If the Indemnifying Party has timely disputed its liability
or the amount of its liability with respect to such claim, the
Indemnifying Party and the Indemnified Party shall proceed in good
faith to negotiate a resolution of such dispute; provided, however,
that if the dispute is not resolved within thirty (30) days after
the Claim Notice, the Indemnifying Party shall be entitled to
institute such legal action as it deems appropriate.

 

(c) The Indemnifying
Party agrees to pay the Indemnified Party, promptly as such
expenses are incurred and are due and payable, for any reasonable
legal fees or other reasonable expenses incurred by them in
connection with investigating or defending any such
Claim.

(d) The indemnity
provisions contained herein shall be in addition to (i) any cause
of action or similar rights of the Indemnified Party against the
Indemnifying Party or others, and (ii) any liabilities the
Indemnifying Party may be subject to.

 

 

19

 

 

 

 

ARTICLE X

MISCELLANEOUS

 

Section
10.1 GOVERNING LAW; JURISDICTION.
This Agreement shall be governed by and interpreted in accordance
with the laws of the State of California without regard to the
principles of conflicts of law. Each of the Company and the
Investor hereby submits to the exclusive jurisdiction of the United
States federal and state courts located in Los Angeles, California,
with respect to any dispute arising under the Transaction Documents
or the transactions contemplated thereby.

 

Section
10.2 JURY TRIAL WAIVER. The Company
and the Investor hereby waive a trial by jury in any action,
proceeding or counterclaim brought by either of the parties hereto
against the other in respect of any matter arising out of or in
connection with the Transaction Documents.

 

Section
10.3 ASSIGNMENT. The Transaction
Documents shall be binding upon and inure to the benefit of the
Company and the Investor and their respective successors. Neither
this Agreement nor any rights of the Investor or the Company
hereunder may be assigned by either party to any other
Person.

 

Section
10.4 NO THIRD-PARTY BENEFICIARIES.
This Agreement is intended for the benefit of the Company and the
Investor and their respective successors, and is not for the
benefit of, nor may any provision hereof be enforced by, any other
Person, except as contemplated by Article IX.

 

Section
10.5 TERMINATION. The Company or
Investor may terminate this Agreement at any time in the event of a
material breach of the Agreement by the Company or Investor, which
shall be effected by written notice being sent by the non-breaching
party to the breaching party. In addition, this Agreement shall
automatically terminate on the earlier of (i) the end of the
Commitment Period; (ii) the date in which the Registration
Statement is no longer effective, or (iii) the date that, pursuant
to or within the meaning of any Bankruptcy Law, the Company
commences a voluntary case or any Person commences a proceeding
against the Company, a Custodian is appointed for the Company or
for all or substantially all of its property or the Company makes a
general assignment for the benefit of its creditors (the
“Automatic Termantion Date”); provided, however, that
the provisions of Articles III, IV, V, VI, IX and the agreements
and covenants of the Company and the Investor set forth in this
Article X shall survive the termination of this Agreement. If the
Company terminates the Agreement prior to the Automatic Termination
Date, the Company shall wire $50,000 to the Investor irrespective
of any other event or condition, including, without limitation, the
Company’s submission of a Purchase Notice.

 

Section
10.6 ENTIRE AGREEMENT. The
Transaction Documents, together with the exhibits thereto, contain
the entire understanding of the Company and the Investor with
respect to the matters covered herein and therein and supersede all
prior agreements and understandings, oral or written, with respect
to such matters, which the parties acknowledge have been merged
into such documents and exhibits.

 

Section
10.7 FEES AND EXPENSES. Except as
expressly set forth in the Transaction Documents or any other
writing to the contrary, each party shall pay the fees and expenses
of its advisers, counsel, accountants and other experts, if any,
and all other expenses incurred by such party incident to the
negotiation, preparation, execution, delivery and performance of
this Agreement. The Company shall pay the Clearing Cost associated
with each Closing, and any Transfer Agent fees (including any fees
required for same-day processing of any instruction letter
delivered by the Company), stamp taxes and other taxes and duties
levied in connection with the delivery of any Securities to the
Investor.

 

 

20

 

 

 

 

Section
10.8 COUNTERPARTS. The Transaction
Documents may be executed in multiple counterparts, each of which
may be executed by less than all of the parties and shall be deemed
to be an original instrument which shall be enforceable against the
parties actually executing such counterparts and all of which
together shall constitute one and the same instrument. The
Transaction Documents may be delivered to the other parties hereto
by email of a copy of the Transaction Documents bearing the
signature of the parties so delivering this Agreement.

 

Section
10.9 SEVERABILITY. In the event that
any provision of this Agreement becomes or is declared by a court
of competent jurisdiction to be illegal, unenforceable or void,
this Agreement shall continue in full force and effect without said
provision; provided that such severability shall be ineffective if
it materially changes the economic benefit of this Agreement to any
party.

 

Section
10.10 FURTHER ASSURANCES. Each party
shall do and perform, or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such
other agreements, certificates, instruments and documents, as the
other party may reasonably request in order to carry out the intent
and accomplish the purposes of this Agreement and the consummation
of the transactions contemplated hereby.

 

Section
10.11 NO STRICT CONSTRUCTION. The
language used in this Agreement will be deemed to be the language
chosen by the parties to express their mutual intent, and no rules
of strict construction will be applied against any
party.

 

Section
10.12 EQUITABLE RELIEF. The Company
recognizes that in the event that it fails to perform, observe, or
discharge any or all of its obligations under this Agreement, any
remedy at law may prove to be inadequate relief to the Investor.
The Company therefore agrees that the Investor shall be entitled to
temporary and permanent injunctive relief in any such case without
the necessity of proving actual damages. In addition to being
entitled to exercise all rights provided herein or granted by law,
both parties will be entitled to specific performance under the
Transaction Documents. The parties agree that monetary damages may
not be adequate compensation for any loss incurred by reason of any
breach of obligations contained in the Transaction Documents and
hereby agree to waive and not to assert in any action for specific
performance of any such obligation the defense that a remedy at law
would be adequate.

 

Section
10.13 TITLE AND SUBTITLES. The titles
and subtitles used in this Agreement are used for the convenience
of reference and are not to be considered in construing or
interpreting this Agreement.

 

Section
10.14 AMENDMENTS; WAIVERS. No
provision of this Agreement may be amended or waived by the parties
from and after the date that is one (1) Business Day immediately
preceding the initial filing of the prospectus to the Registration
Statement with the SEC. Subject to the immediately preceding
sentence, (i) no provision of this Agreement may be amended other
than by a written instrument signed by both parties hereto and (ii)
no provision of this Agreement may be waived other than in a
written instrument signed by the party against whom enforcement of
such waiver is sought. No failure or delay in the exercise of any
power, right or privilege hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such
power, right or privilege preclude other or further exercise
thereof or of any other right, power or privilege.

 

 

21

 

 

 

 

Section
10.15 PUBLICITY. The Company and the
Investor shall consult with each other in issuing any press
releases or otherwise making public statements with respect to the
transactions contemplated hereby and no party shall issue any such
press release or otherwise make any such public statement, other
than as required by law, without the prior written consent of the
other parties, which consent shall not be unreasonably withheld or
delayed, except that no prior consent shall be required if such
disclosure is required by law, in which such case the disclosing
party shall provide the other party with prior notice of such
public statement. Notwithstanding the foregoing, the Company shall
not publicly disclose the name of the Investor without the prior
written consent of the Investor, except to the extent required by
law. The Investor acknowledges that the Transaction Documents may
be deemed to be “material contracts,” as
that term is defined by Item 601(b)(10) of Regulation S-K, and that
the Company may therefore be required to file such documents as
exhibits to reports or registration statements filed under the
Securities Act or the Exchange Act. The Investor further agrees
that the status of such documents and materials as material
contracts shall be determined solely by the Company, in
consultation with its counsel.

 

Section
10.16 DISPUTE
RESOLUTION.

 

(a) Submission to Dispute
Resolution.

 

(i) In the case of a
dispute relating to the Average Daily Trading Volume, Purchase
Notice Limit or VWAP (as the case may be) (including, without
limitation, a dispute relating to the determination of any of the
foregoing), the Company or the Investor (as the case may be) shall
submit the dispute to the other party via facsimile or electronic
mail (A) if by the Company, within two (2) Business Days after the
occurrence of the circumstances giving rise to such dispute or (B)
if by the Investor at any time after the Investor learned of the
circumstances giving rise to such dispute. If the Investor and the
Company are unable to promptly resolve such dispute relating to
such Average Daily Trading Volume, Purchase Notice Limit or VWAP
(as the case may be), at any time after the second (2nd) Business
Day following such initial notice by the Company or the Investor
(as the case may be) of such dispute to the Company or the Investor
(as the case may be), then the Company and the Investor may select
an independent, reputable investment bank as mutually agreed upon
to resolve such dispute.

 

(ii) The
Investor and the Company shall each deliver to such investment bank
(A) a copy of the initial dispute submission so delivered in
accordance with the first sentence of this Section 10.16 and (B)
written documentation supporting its position with respect to such
dispute, in each case, no later than 5:00 p.m. (New York time) by
the fifth (5th) Business Day immediately following the date on
which such investment bank was selected (the “Dispute
Submission Deadline”) (the documents referred to in the
immediately preceding clauses (A) and (B) are collectively referred
to herein as the “Required Dispute Documentation”) (it
being understood and agreed that if either the Investor or the
Company fails to so deliver all of the Required Dispute
Documentation by the Dispute Submission Deadline, then the party
who fails to so submit all of the Required Dispute Documentation
shall no longer be entitled to (and hereby waives its right to)
deliver or submit any written documentation or other support to
such investment bank with respect to such dispute and such
investment bank shall resolve such dispute based solely on the
Required Dispute Documentation that was delivered to such
investment bank prior to the Dispute Submission Deadline). Unless
otherwise agreed to in writing by both the Company and the Investor
or otherwise requested by such investment bank, neither the Company
nor the Investor shall be entitled to deliver or submit any written
documentation or other support to such investment bank in
connection with such dispute (other than the Required Dispute
Documentation).

 

 

 

22

 

 

 

(iii) The
Company and the Investor shall cause such investment bank to
determine the resolution of such dispute and notify the Company and
the Investor of such resolution no later than ten (10) Business
Days immediately following the Dispute Submission Deadline. The
fees and expenses of such investment bank shall be borne solely by
the party submitting such dispute, and such investment bank’s
resolution of such dispute shall be final and binding upon all
parties absent manifest error.

 

(b) Miscellaneous. Both the Company
and the Investor expressly acknowledge and agree that (i) this
Section 10.16 constitutes an agreement to arbitrate between the
Company and the Investor (and constitutes an arbitration agreement)
only with respect to such dispute in connection with Section
10.16(a)(i) and that both the Company and the Investor are
authorized to apply for an order to compel arbitration in order to
compel compliance with this Section 10.16, (ii) the terms of this
Agreement and each other applicable Transaction Document shall
serve as the basis for the selected investment bank’s
resolution of the applicable dispute, such investment bank shall be
entitled (and is hereby expressly authorized) to make all findings,
determinations and the like that such investment bank determines
are required to be made by such investment bank in connection with
its resolution of such dispute and in resolving such dispute such
investment bank shall apply such findings, determinations and the
like to the terms of this Agreement and any other applicable
Transaction Documents, (iii) the Company and the Investor shall
have the right to submit any dispute other than described in this
Section 10.16 (a) to any state or federal court sitting in The City
of Los Angeles and (iv) nothing in this Section 10.16 shall limit
the Company or the Investor from obtaining any injunctive relief or
other equitable remedies (including, without limitation, with
respect to any matters described in this Section 10.16). The
Company and the Investor agree that all dispute resolutions may be
conducted in a virtual setting to be mutually agreed by both
parties.

 

Section
10.17 NOTICES. All notices, demands,
requests, consents, approvals, and other communications required or
permitted hereunder shall be in writing and, unless otherwise
specified herein, shall be (a) personally served, (b) delivered by
reputable air courier service with charges prepaid next Business
Day delivery, or (c) transmitted by hand delivery, or email as a
PDF, addressed as set forth below or to such other address as such
party shall have specified most recently by written notice given in
accordance herewith. Any notice or other communication required or
permitted to be given hereunder shall be deemed effective upon hand
delivery or delivery by email at the address designated below (if
delivered on a business day during normal business hours where such
notice is to be received), or the first business day following such
delivery (if delivered other than on a business day during normal
business hours where such notice is to be received).

 

The
addresses for such communications shall be:

 

If
to the Company:

 

TPT
Global Tech, Inc.

Email: stephen@tptglobaltech.com

 

with a
copy (not constituting notice) to:

Email:

 

If to
the Investor:

 

AN
INSITUTIONAL INVESTOR

 

Email:

 

Either
party hereto may from time to time change its address or email for
notices under this Section 10.17 by giving prior written notice of
such changed address to the other party hereto.

 

[Signature Page Follows]

 

 

23

 

 

IN WITNESS WHEREOF, the parties have caused this Agreement
to be duly executed by their respective officers thereunto duly
authorized as of the day and year first above written.

 

TPT
Global Tech, Inc

 

 

 

 

By:                                                      

Name:                      Stephen
Thomas

Title:
Chief Executive Officer

 

 

AN
INSITUTIONAL INVESTOR

 

 

 

 

By:                                                      

Name:
INSTITUTIONAL INVESTOR

Title:
Managing Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DISCLOSURE SCHEDULES TO

 

COMMON STOCK PURCHASE AGREEMENT

 

Schedule 4.5 – SEC Documents

 

Schedule 4.9 – Litigation

 

Schedule 4.10 – Registration Rights

 

 

 

24

 

 

EXHIBIT A

 

FORM OF PURCHASE NOTICE

 

TO: AN
INSITUTIONAL INVESTOR

 

We
refer to the Common Stock Purchase Agreement, dated as of 28 May,
2021, (the “Agreement”), entered into
by and between TPT Global Tech, Inc. and AN INSITUTIONAL INVESTOR.
Capitalized terms defined in the Agreement shall, unless otherwise
defined herein, have the same meaning when used
herein.

 

We
hereby:

 

1) Give
you notice that we require you to purchase __________ Purchase
Notice Shares; and

 

2)
Certify that, as of the date hereof, the conditions set forth in
Section 7 of the Agreement are satisfied.

 

 

 

TPT
Global Tech, Inc.

 

 

 

 

By:                                                                

Name:
Stephen Thomas

Title:
Chief Executive Officer

 

25

 

EXHIBIT B

 

FIXED PURCHASE NOTICE

 

TO: AN
INSITUTIONAL INVESTOR

 

We
refer to the Common Stock Purchase Agreement, dated as of May 28,
2021 (the “Agreement”), entered into
by and between TPT Global Tech, Inc., and AN INSITUTIONAL INVESTOR.
Capitalized terms defined in the Agreement shall, unless otherwise
defined herein, have the same meaning when used
herein.

 

We
hereby:

 

1)
Certify that, as of the date hereof, the conditions set forth in
Section 7 of the Agreement are satisfied.

 

The
Company and Investor agree to as follows:

 

Purchase Price:

 

Share Amount:

 

 

TPT
Global Tech, Inc

 

 

 

By:                                                                

Name:
Stephen Thomas

Title:
Chief Executive Officer

 

 

AN
INSITUTIONAL INVESTOR

 

 

 

By:                                                                

Name:
INSTITUTIONAL INVESTOR

Title:
Managing Director

 

 

26

 

 

EXHIBIT C

 

REGISTRATION RIGHTS AGREEMENT

 

 

 

 

 

27

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