Document:

Blueprint

 Exhibit 10.8

From the Desk of

David R. Wells

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT (the “Agreement”) is entered into as of July 23, 2014, by and between Endra, Inc., a Michigan corporation (the “Company”), and StoryCorp Consulting, a
Nevada corporation (“StoryCorp”).

RECITALS

WHEREAS, Company desires to engage StoryCorp to provide certain finance, accounting and management services with respect to the Company’s business; and

WHEREAS, StoryCorp represents that they have considerable knowledge and experience in finance, accounting and management services, and desires to provide those services to the Company, all as more specifically set forth below.

NOW, THEREFORE, in consideration of the promises and the respective covenants and agreements of the parties herein contained, the parties hereby agree as follows.

1. Consulting Engagement: Term. Company hereby engages StoryCorp and StoryCorp hereby accepts such engagement by Company as a consultant
and advisor with respect to the matters specifically set forth herein and/or Schedule “A” attached hereto. The term of this Agreement shall commence on the date of execution of this Agreement and continue on a monthly basis unless terminated earlier as herein provided.

2. Consulting Services. During the term of the Agreement, StoryCorp shall devote the time necessary from the StoryCorp offices, completing
tasks as outlined in Schedule A. StoryCorp represents and warrants to the Company that they are able to provide such services in a professional manner consistent with this type of engagement. The parties understand and further agree that, during the Term of the Agreement, StoryCorp is not restricted from providing similar consulting services to other companies, provided that any such other activities shall not materially interfere with the services required to be provided hereunder.

Company agrees to respond timely by email to activity reports submitted by StoryCorp. In the absence of comments from Company, StoryCorp assumes that activities are accepted by the Company.

3. Compensation. In consideration of the consulting services to be rendered as set forth herein, Company shall compensate StoryCorp as
follows:

(a)

$8,000 payable upon execution of this Agreement. The fee will be payable in cash;

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(b)

$8,000 payable on August 1, 2014. The fee will be payable in cash;

(c)

$8,000 payable on September 1, 2014 per month, and for each month thereafter. The fee will be payable in $5,000 cash and $3,000 in restricted common stock of the Company. The number of shares issued will be based on a share price equal to the price of the APO transaction once consummated; and

(d)

For services outside of those described in Exhibit A, StoryCorp will issue monthly invoices at a bill rate of $250 per hour, payable in cash.

Monthly compensation as noted in 3(c) is subject to adjustment by both parties based on several factors including transaction volume, complexity, internal staffing and changes in reporting requirements. Services rendered under 3(d) require prior approval from the Company, verbal approval is considered acceptable.

4. Termination. This Agreement may be terminated in any one of the following ways:

(a) By Company With or Without Cause. The Company may, with or without cause, terminate this Agreement immediately without prior notice.

(b) By StoryCorp With or Without Cause. At any time after the commencement of this Agreement, StoryCorp may, with or without cause, terminate
this Agreement, effective thirty (30) days after written notice is provided to Company.

(c) By StoryCorp, Immediate. At any time after the commencement of this Agreement, StoryCorp may terminate this Agreement immediately
for reasons of non-payment of fees.

5. Expenses. During the term of the Agreement, Company shall pay or promptly reimburse StoryCorp for reasonable and necessary travel,
lodging, meals, telephone, copying, delivery, and other expenses paid or incurred by StoryCorp in connection with the direct performance of its services, activities and responsibilities under this Agreement, upon presentation of documented expenses, statements, or other evidences of expenses provided. Amounts incurred in excess of $500 require pre-approval by email.

6. Representations and Warranties of the Company.

(a) Company hereby represents and warrants that it has full power and legal right and authority to execute, deliver, and perform under this Agreement, and that the officers executing this Agreement on behalf of
Company have full power of authority to do so.

 

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(b) Company hereby represents and warrants that this Agreement has been duly authorized by all necessary corporate action, has been duly executed and delivered by Company and is enforceable against Company in accordance
with its terms, subject only to the applicable bankruptcy, insolvency, reorganization or other similar laws relating to or affecting the rights of creditors generally and to principles of equity.

(c) Company hereby covenants and agrees to indemnify and hold harmless StoryCorp from and against and in respect of: (i) any and all losses and damages resulting from any misrepresentations or breaches of any warranty,
covenant or agreement by Company made or contained in this Agreement, and (ii) any and all actions, suit, proceedings, claims, demands, judgments, costs and expenses, including attorney’s fees, incident to the foregoing.

7. Representations, Warranties and Covenants of StoryCorp.

(a) StoryCorp hereby represents and warrants that he has full power and legal right and authority to execute, deliver, and perform under this Agreement.

(b) StoryCorp hereby covenants and agrees to indemnify and hold harmless Company from and against and in respect of: (i) any and all losses and damages resulting from any misrepresentation or breach of any warranty,
covenant or agreement by StoryCorp made or contained in this Agreement, and (ii) any and all actions, suit, proceedings, claims, demands, judgments, costs and expenses, including attorney’s fees, incident to the foregoing.

(c) StoryCorp acknowledges that it has signed a Non-Disclosure agreement.

8. Independent Contractor Status.

It is expressly understood and agreed that this is a consulting services agreement only and does not constitute an employer/employee relationship. Accordingly, StoryCorp agrees that StoryCorp shall be solely responsible for the payment of its own taxes or sums due to the federal, state or local governments, office overhead, workers compensation,
fringe benefits, pension contributions and other expenses. StoryCorp is an independent contractor and the Company shall have no right to control the activities of StoryCorp other than to require StoryCorp to provide its consulting services in a professional manner pursuant to the terms and conditions of this Agreement. StoryCorp shall have no authority to bind the Company except as provided for by Company in writing.

9. Miscellaneous Provisions.

(a) Notices. Any notice, request, demand or other communications required or permitted pursuant to this Agreement shall be in writing
and shall be deemed to have been properly given if delivered in person or by courier or other overnight carrier, by facsimile transmission or by certified or registered mail, postage prepaid and return receipt requested, to each party hereto at the address indicated below or at any other address as may be designated from time to time by written notice to each party. Such notice shall be deemed given upon delivery.

 

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If to StoryCorp:                          StoryCorp Consulting

2601 Ocean Park Blvd. Suite 316

Santa Monica, CA 90405

Fax (866) 212-6489

 

If to Company:                           Endra, Inc.

35 Research Dr. Suite 100

Ann Arbor, MI, 48103

 

10. Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto relating to the subject matter hereof,
and supersedes all prior written or oral agreements, commitments or understandings with respect to the matters provided for herein, and no modification shall be binding unless set forth in writing and duly executed by each party hereto.

11. Binding Effects. This Agreement shall be binding upon and inure to the benefit of the parties hereto their respective heirs, executors,
administrators and successors, including any corporation with which or into which Company may be merged or which may succeed to its assets or business.

12. Headings. The headings or captions of this Agreement are inserted only as a matter of convenience and for reference and in no way
define, limit, extend or scope of this Agreement or the intent of any provisions hereof.

13. Identification. Whenever required by the context of this Agreement, the singular number shall include the plural, and the word “person”
or “party” shall include a corporation, limited liability Company, firm, partnership, or other form of association.

14. Waiver. The waiver by any party to this Agreement of a breach of any provision of this Agreement shall not be deemed a continuing
waiver or a waiver of any subsequent breach of that or any other provision of this Agreement.

15. Arbitration. In the event of any dispute between the parties which arises under this Agreement, such dispute shall be settled by arbitration
in accordance with the rules for commercial arbitration of the American Arbitration Association (or a similar organization) in effect at the time such arbitration is initiated. A list of arbitrators shall be presented to the Claimant and Respondent from which one will be chosen using the applicable rules. The hearing shall be conducted in the City of Los Angeles, California, unless both parties consent to a different location. The decision of the arbitrator shall be final and binding upon all Parties.

 

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The prevailing party shall be awarded all of the filing fees and related administrative costs. Administrative and other costs of enforcing an arbitration award, including the costs of subpoenas, depositions, transcripts and the like, witness fees, payment of reasonable attorney’s fees, and similar costs related to collecting an arbitrator’s
award, will be added to, and become a part of, the amount due pursuant to this Agreement. Any questions involving contract interpretation shall use the laws of state of the venue as described above. An arbitrator’s decision may be entered in any jurisdiction in which the party has assets in order to collect any amounts due hereunder.

16. Counterparts. For the convenience of the parties hereto, this Agreement may be executed in one or more counterparts, which shall each
be considered an original.

17. Severability. If any provision of this Agreement shall be declared invalid or unenforceable, the remainder of this Agreement will
continue in full force and effect so far as the intent of the parties hereto can be carried out.

18. Construction. Should any provision of this Agreement require judicial interpretation, it is agreed that the court interpreting or
construing the same shall not be apply a presumption that the terms hereof shall be more strictly construed or strictly against the party who itself or through its agent prepared the same, it being agreed that the agents of all parties have participated in the preparation hereof.

19. Recitals. The recitals set forth at the beginning of this Agreement are incorporated by reference in, and made a part of this Agreement.

20. Governing Law. This Agreement shall be governed by and construed under the laws of the State of California (irrespective of its choice
of law principles). Each party hereby consents to the exclusive jurisdiction of the state and federal courts sitting in Los Angeles County, California, in any action on a claim arising out of, under or in connection with this Agreement or the transactions contemplated by this Agreement. Each party further agrees that personal jurisdiction over such party may be effected by service of process by registered or certified mail addressed as provided in Section 9(a) of this Agreement, and that when so made shall be
as if served upon such party personally within the State of California.

 

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Endra, Inc.                                                                    StoryCorp Consulting

 

By: /s/ Michael Thornton                                              By: /s/ David Wells                                                      

 

Name: Michael Thornton                                              Name: David R. Wells

 

Title: President                                                              Title: President 

 

Date: August 28, 2014                                                  Date: August
28, 2014 

 

 

 

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SCHEDULE A

Services for Phase 1

1.

Preparation of December 31, 2012 and December 31, 2013 Financial Statements, and related disclosures

a)

In conjunction with existing Company staffing, prepare all work papers, calculations and entries to be consistent and in compliance with Generally Accepted Accounting Principals (GAAP) for the periods ended December 31, 2012 and December 31, 2013;

b)

In conjunction with existing Company staffing, prepare quarterly closings and financial statements for the 3 quarterly periods in fiscal 2013;

c)

Assist in the filing of the required forms with the SEC, in collaboration with the Chairman, the Chairman’s designees, the Company’s audit committee, the Company’s audit firm and securities counsel, as necessary;

d)

Assist with ‘cleaning up’ Balance Sheet as currently presented and in connection with the proposed APO transaction;

e)

Develop and install a process for variance reporting against the approved budget; and

f)

Model scenarios and analysis for reverse split to accommodate all issued, outstanding and derivative securities.

2.

CFO services

a)

Act as a liaison with lawyers, auditors, transfer agent and other professionals;

b)

Manage issuance new securities and certificates (stock, warrant), and the exchange or recall of previously issued warrants;

c)

Prepare a Capitalization Table that is acceptable to management;

d)

Manage APO process with legal counsel; and

e)

Prepare Form S-1 related to APO transaction.

(Remainder of this page intentionally blank)

 

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Company acknowledges that StoryCorp and/or its affiliates are not registered Broker/ Dealers and therefore are unable to accept payment for fund raising as a percentage of the amount raised. As well, Company receiving funding is not a criterion for continued engagement and StoryCorp makes no promises as to its ability to arrange
funding in any form for Company.

Company and StoryCorp agree to periodically review and amend, if necessary, Schedule A items.

 

 

 

____________________________                                                _______________________________________

Company (Initial)                                                                            StoryCorp
(Initial)

 

 

 8Blueprint

Exhibit 10.9

SECURITIES PURCHASE AGREEMENT

This Securities Purchase Agreement (this “Agreement”), dated as of July 10, 2013, is by and between Enlight Biosciences, LLC, a Delaware limited liability corporation (the “Seller”), and each purchaser identified on Schedule
A hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).

RECITALS

A.           Seller owns 8,432,832 shares of Common Stock, $0.001 par value (“Common Stock”) (“Shares”), and a warrant to purchase 8,432,832 shares of
Common Stock, (“Warrant”), issued by Endra, Inc. (the “Company”). The Shares and the Warrant are collectively referred to herein as the “Securities”);

B.           Seller desires to sell to the Purchasers such Securities, and Purchasers, severally and not jointly, desire to purchase the Securities from Seller, in each case upon the terms and subject to the conditions set forth herein; and

C.           Simultaneously with the execution and delivery of this Agreement, the Purchasers are purchasing from the Company certain senior promissory notes in the aggregate principal amount of $115,000 (the “Notes”)
(the “Note Financing”).

AGREEMENT

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficient of which are hereby acknowledged, and intending to be legally bound hereby, the parties agree as follows:

ARTICLE I  - THE SECURITIES

Section 1.1 Sale and Purchase of the Securities. In reliance upon the representations and warranties made herein, Seller
agrees to sell the Securities to Purchasers, and Purchasers agree, severally and not jointly, to purchase the Securities from Seller.

Section 1.2 Purchase Price. The aggregate purchase price for the Securities (the “Purchase
Price”) shall be $820.00, which Purchase Price shall be allocated to the Purchasers as set forth on Schedule A hereto.

Section 1.3 Closing. The closing of the purchase and sale of the Securities (the “Closing”)
shall be held concurrently with the execution and delivery of this Agreement. At the Closing, Seller will deliver to the Purchaser and the Company (i) the original Warrant, together with a written assignment thereof assigning the Warrant to Purchaser; (ii) irrevocable notice of the transfer of the Securities from Seller to Purchasers; and (iii) confirmation from the Company acknowledging the transfer of the Securities, and Purchasers will deliver the Purchase Price (in the amounts set forth on Schedule
A hereto, to Seller by wire transfer of immediately available funds to the account specified by Seller.

 

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ARTICLE II  - REPRESENTATIONS AND WARRANTIES OF SELLER

Seller represents and warrants to Purchaser as follows:

Section 2.1 Title to Securities. Seller holds record and beneficial ownership of the Securities, free and clear of any and all security
interests, pledges, mortgages, liens, charges, encumbrances, adverse claims, restrictions, or other burdens or encumbrances of any kind (“Liens”), other than those restrictions arising from applicable federal and state securities laws or the Articles of Incorporation of the Company, and the delivery of the Securities to Purchaser at the Closing pursuant to this Agreement will transfer to Purchaser valid legal
and beneficial ownership thereto free and clear of all Liens, other than those restrictions arising from applicable federal and state securities laws or otherwise described in this Section 2.1.

Section 2.2 Power and Authority of Seller. Seller has all requisite power and authority to execute, deliver and perform this Agreement
and to execute and deliver the Shares, Warrants, certificates or instruments to be executed and delivered pursuant hereto by Seller and to consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed, and delivered by Seller and constitutes the valid and binding obligation of Seller, enforceable against Seller in accordance with its terms, except to the extent that such enforceability (i) may be limited by bankruptcy, insolvency, reorganization, moratorium, or
other similar laws relating to creditors’ rights generally, and (ii) is subject to general principles of equity.

Section 2.3 Absence of Conflicting Agreements. The execution, delivery, and performance of this Agreement and the consummation of the
transactions contemplated hereby do not with or without the giving of notice, the lapse of time, or both: (i) contravene or conflict with, or constitute a violation of, any judgment, injunction, order, or decree binding upon or applicable to Seller, (ii) require any consent, approval, or other action by any third party, (iii) contravene or conflict with, or constitute a violation of, any agreement to which Seller is a party or by which Seller is bound, or (iv) result in the creation or imposition of any Lien
on the Securities.

Section 2.4 Broker’s Fees. Seller does not have any liability or obligation to pay any fees or commissions to any broker, finder
or agent with respect to the transactions contemplated hereby, or based in any way upon arrangements, agreements, or understandings made by or on behalf of Seller hereunder.

Section 2.5 Ownership. The Securities represent the only securities issued by the Company that are beneficially owned, controlled or under
common control of Seller. Seller owns no securities issued by the Company that may be converted into, exercisable for, or otherwise exchanged for Common Stock or other securities of the Company. Notwithstanding the foregoing, Purchasers acknowledge that Seller owns a membership interest in Endra Holdings, LLC (“Endra Holdings”), and
that Endra Holdings owns 4,528,594 shares of Common Stock in the Company, which shares are subject to an irrevocable proxy issued to Purchaser or a representative thereof.

Section 2.6 Absence of Certain Information. To the best of Seller’s knowledge, no contract or other agreement to which the Company
is a party or by which the Company is bound would be triggered or otherwise affected as a result of consummation of the transactions contemplated by this Agreement, or the Note Financing. Notwithstanding the generality of the foregoing, to the best of Seller’s knowledge, no party has the right to accelerate performance by the Company, or terminate any agreement to which the Company is a party, as a result of the consummation of the transactions contemplated by this Agreement or the Note Financing.

 

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ARTICLE III  - REPRESENTATIONS AND WARRANTIES OF PURCHASER

Purchasers represent and warrant, severally and not jointly, to Seller as follows:

Section 3.1 Accredited Investor and investment Purpose. Purchaser is an “accredited investor” as that term is defined in Rule
50l(a) of the Securities Act. The Securities will be acquired for investment for Purchaser’s own account. not as a nominee or agent, and not with a view to the resale or distribution or any part thereof in violation of the Securities Act, and Purchaser has no present intention of selling, granting any participation in, or otherwise distributing the same in violation of the Securities Act.

Section 3.2 Power and Authority. Purchaser has all requisite power and authority to execute, deliver and perform this Agreement and to
consummate the transactions contemplated hereby. This Agreement has been duly and validly authorized, executed and delivered by Purchaser and constitutes the valid and binding obligation of Purchaser, enforceable in accordance with its terms, except to the extent that such enforceability (i) may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to creditors’ rights generally and (ii) is subject to general principles or equity.

Section 3.3 Broker’s Fees. Purchaser does not have any liability or obligation to pay any fees or commissions to any broker, finder
or agent with respect to the transactions contemplated hereby or based in any way upon agreements, arrangements or understandings made by or on behalf or Purchaser hereunder.

Section 3.4 Absence of Conflicting Agreements. The
execution, delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, do not, with or without the giving of notice, the lapse of lime or both: (i) contravene or conflict with, or constitute a violation of, any judgment, injunction, order or decree binding upon or applicable to Purchaser; (ii) require any consent, approval or other action by any third party; or (iii) contravene or conflict with, or constitute a violation of, any agreement to which Purchaser is a party
or by which Purchaser is bound.

Section 3.5 Purchaser (i) is a sophisticated investor and has such knowledge and experience in financial and business matters as to be capable of evaluating independently the merits, risks and suitability of entering
into this Agreement and the transactions contemplated hereby; (ii) has conducted its own analysis and due diligence and independently obtained such information as it deems necessary in order to make an informed investment decision with respect to the Securities; (iii) is able to hear the risks attendant to the transactions contemplated hereby; and (iv) acknowledges that (a) no public market exists for the Securities, (b) the Securities are being sold hereunder in a private transaction, and (c) the Purchase
Price was negotiated privately between the parties hereto.

 

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ARTICLE IV  - COVENANTS OF THE PARTIES

Section 4.1 Subsequent
Financings. In the event on or before two (2) years from the date of this Agreement the Company enters into a securities purchase agreement or similar agreement to issue securities to any Purchaser in a financing, or series of financings, Seller shall have the right, but not the obligation, to purchase up to 20% of the securities proposed to be issued to such Purchaser under the same terms and conditions as offered to Purchasers (“Purchase
Right”). In the event any Purchaser is obligated to offer the Purchase Right to Seller hereunder, such Purchaser shall provide written notice of such Purchase Right to Seller setting forth the terms and conditions of the Purchase Right (“Option Notice”). Seller shall have three (3) business days following receipt of the Option Notice to notify the Purchaser, in writing,
of Seller’s election to exercise the Purchase Right. In the event Seller exercises the Purchase Right by delivering written notice of such election to the Purchaser with three (3) business days following receipt of the Option Notice, Purchaser shall assign its right to acquire the securities to Seller or otherwise assign the Purchase Right to the Seller, consistent with the terms and conditions set forth in this Section 4.1. In the event the Purchaser does not receive written notice from Seller of its election
to exercise the Purchase Right, the Purchaser shall have the right to consummate the purchase of the securities from the Company, in whole or in part on substantially the terms and conditions set forth in the Option Notice. In the event the Purchaser fails to provide Seller with the Option Notice, Seller’s sole remedy shall be to provide written notice to the Purchaser of such Purchaser’s failure to provide the required Option Notice, and to immediately tender payment for such purchase to the Purchaser.
Failure to pay the purchase price for the exercise of the Purchase Right within five (5) business days following Seller’s receipt of actual or constructive notice of the financing or series of financings giving rise to the Purchase Right shall constitute a waiver of Seller’s right to exercise the Purchase Right. The Purchasers agree and covenant not to enter into any agreement with the Company to purchase securities unless such agreement is assignable to Seller and/or such agreement includes reference
to the Purchase Right granted to Seller hereunder.

Section 4.2 Liquidity Event.

(a) In the event (i) the Company files a registration statement with the Securities and Exchange Commission (“Commission”),
which registration statement registers any of the Securities for sale to the public under the Securities Act of 1933, as amended, and such registration statement is declared effective by the Commission (an “IPO”) and any Purchaser sells any or part of the Securities in the public market; (ii) the Purchasers sell any or part of their Securities to a subsequent purchaser in a private transaction (a “Covered
Sale”); or (iii) the Company is acquired by, combines or merges with another company in which (A) the Company is not the surviving entity, and (B) such transaction results in the Purchasers receiving cash or other consideration for its interest in the Securities; and/or (C) the Purchasers are required or elect to tender their Securities for or in consideration for cash or other consideration (each of the events described in Section 4.2(a)(i) through (iii) are “Covered
Transactions”), such Purchaser shall pay to Seller, within ten (10) business days following consummation of the Covered Transaction, an amount equal to six percent (6%) of the cash amount or other consideration actually received by such Purchaser in connection with such Covered Transaction. The parties agree and acknowledge that (i) the Shares shall bear a legend referencing the terms and conditions set forth in this Section 4.2, and prohibiting their transfer except
in compliance with the terms and conditions hereof; and (ii) the term “Covered Sale” shall not include any transfer of the Securities to a party or person controlling, controlled by, or under common control of, Purchaser. The parties further agree and acknowledge that Seller has no other right to receive any cash or other consideration from a Purchaser, or any rights to any capital stock in the Company (or
voting or other rights therein) in the event of the consummation of a Covered Transaction other than as specifically set forth in this Section 4.2 or as a result of the exercise of Seller’s Purchase Right set forth in Section 4.1.

(b) The parties agree and acknowledge that the Seller is entering into the transaction contemplated by this Agreement with the understanding that the Purchaser will exercise its rights as a shareholder of the Company
to increase shareholder value for all shareholders. Without limiting the generality of the foregoing, and while no assurances can be given and without any obligation whatsoever to directly or indirectly provide financing or otherwise engage directly or indirectly in a financing or other transaction, assuming Purchaser owns in excess of fifty percent (50%) of the issued and outstanding voting securities of the Company, Purchaser will use its reasonable efforts to obtain from third party sources capital necessary
to fund the Company’s continued operations.

Section 4.3 Inspection Rights. So long as Purchasers own at least fifty percent (50%) of the Shares, and provided such access is not in
violation of the laws of the Company’s state of incorporation or any agreement by and between the Purchaser and the Company, Purchaser shall provide Seller with quarterly financial information and other business or other summaries made available to Purchaser by the Company (“Confidential Data”). The parties agree and acknowledge that, as a condition to making the Confidential Data available to Seller,
Seller shall execute a confidentiality agreement restricting the disclosure or use of the Confidential Data of the Company by Seller.

 

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Section 4.4 Further Assurances. At any time or from time to time after the Closing, each of Seller and Purchaser shall, at the reasonable
request and expense of the other party or its counsel (unless such request is occasioned by the breach of a representation, warranty or covenant of the other party, in which case it shall be at the expense of such breaching party), execute and deliver any further instruments or documents and take all such further action in order to evidence or otherwise facilitate the consummation of the transactions contemplated hereby.

Section 4.5 No Other Representations or Warranties. Except as set forth in this Agreement, no party is making, or is relying on, any express
or implied representations or warranties relating to any party or to the consummation of the transactions contemplated hereby. Each party is making its decision to consummate the purchase and sale of the Securities described herein on the basis of its due diligence investigation of the Company and not on any representation warranty, statement or information made or communicated (orally or in writing) to by the other party or any affiliate, representative or agent thereof, other than as set forth in this Agreement.
The representations and warranties made by Seller and Purchaser in Articles II and III, respectively, shall survive the Closing and the delivery of the Securities.

ARTICLE V  -- MISCELLANEOUS

Section 5.1 Expenses.
Each party hereto shall pay its own expenses in connection with the transactions contemplated hereby, whether or not such transactions shall be consummated.

Section 5.2 Notices. All notices, requests, demands, waivers and other communications required or permitted to be given under this Agreement
shall be in writing and shall be deemed to have been duly given if (i) delivered personally; (ii) mailed, certified or registered mail with postage prepaid; or (iii) sent by next-day or overnight mail or delivery or sent by telecopy or electronic mail to the address listed below each party’s name on the signature page hereto or at such other address as may be specified in writing to the other parties hereto. All such notices, requests, demands, waivers and other communications shall be deemed to have been
received (i) if by personal delivery on the day after such delivery, (ii) if by certified or registered mail, on the fifth business day after the mailing thereof, (iii) if by next-day or overnight mail or delivery, on the day delivered and (iv) if by telecopy or electronic mail on the next day following the day on which such telecopy was sent, provided that a copy is also sent by certified or registered mail.

Section 5.3 Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of California applicable
to agreements made and to be performed wholly within such jurisdiction.

Section 5.4 Binding Effect; Assignment. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. No party hereto may assign either this Agreement or any of its rights, interests or obligations hereunder without the prior written approval or each or the other parties hereto.

Section 5.5 No Third Party Beneficiaries. Nothing
in this Agreement shall confer any rights upon any person or entity other than the parties hereto and their respective successors and permitted assigns.

 

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Section 5.6 Amendment; Waivers; Etc. No amendment, modification or discharge of this Agreement, and no waiver hereunder, shall be valid
or binding unless set forth in writing and duly executed by the party against whom enforcement of the amendment, modification, discharge or waiver is sought. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way impair the rights of the party granting such waiver in any other respect or at any other time. Neither the waiver by any of the parties hereto of a breach of or a default under any of the provisions of this Agreement, nor the failure
by any of the parties. on one or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or privilege hereunder, shall be construed as a waiver of any other breach or default of a similar nature, or as a waiver of any of such provisions, rights or privileges hereunder.

Section 5.7 Entire Agreement; Confidentiality. This Agreement constitutes the entire agreement and supersedes all prior agreements and
understandings, both written and oral, between the parties with respect to the subject matter hereof. Each of Purchaser and Seller shall maintain the confidentiality of the terms of the transaction described herein unless otherwise required by law or regulatory authority, or other legal process, except that the parties may disclose the terms of the transaction to their respective affiliates, attorneys, accountants and other professionals and in connection with the enforcement of the parties respective rights
and obligations hereunder.

Section 5.8 Counterparts; Facsimile. This Agreement may be executed in several counterparts, each of which shall be deemed an original
and all of which shall together constitute one and the same instrument. The reproduction of signatures by means of telecopying or electronic device shall be treated as though such reproductions arc executed originals.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK

[SIGNATURE PAGE FOR SELLER FOLLOWS]

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IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

SELLER:

 

ENLIGHT BIOSCIENCES, LLC

 

 

 

By: /s/Daphne Zohar________________

Name: Daphne Zohar

Title: Managing Partner

 

Number of Shares of Common Stock Sold:                    8.432,832

Number of Warrants Sold:                                               8,432,832

Purchase Price:                                                                $820.00

 

 

[SIGNATURE PAGES FOR PURCHASERS FOLLOWS]

 

[SELLER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

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IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Kevin M. Cotter                                                                                                                                           

Signature of Authorized Signatory of Purchaser: /s/ Kevin M. Cotter                                                                                                                                          

Name of Authorized Signatory: Kevin M. Cotter

Title of Authorized Signatory:                                                                                                                                           

Email Address of Authorized Signatory:                                                                                                                                           

Facsimile Number of Authorized Signatory:                                                                                                                                           

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

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IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Sanford Greenberg                                                                                                                                           

Signature of Authorized Signatory of Purchaser: /s/ Sanford Greenberg

Name of Authorized Signatory: Sanford Greenberg                                                                                                                                           

Title of Authorized Signatory:                                                                                                                                           

Email Address of Authorized Signatory:                                                                                                                                           

Facsimile Number of Authorized Signatory:                                                                                                                                           

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

9

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Ankur and Carolyn Desai JTWROS                                                                                                                                           

Signature of Authorized Signatory of Purchaser: /s/ Ankur Desai                                                                                                                                          

Name of Authorized Signatory: Ankur Desai                                                                                                                                           

Title of Authorized Signatory:                                                                                                                                           

Email Address of Authorized Signatory:                                                                                                                                           

Facsimile Number of Authorized Signatory:                                                                                                                                           

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

10

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: 1999 Clifford Family Trust, dated 12/22/1999 Robert C. Clifford and Rachel L. Clifford Co-trustees 

Signature of Authorized Signatory of Purchaser: /s/ Robert C. Clifford                

Name of Authorized Signatory: Robert C. Clifford

Title of Authorized Signatory:                                                                                                                                           

Email Address of Authorized Signatory:                                                                                                                                           

Facsimile Number of Authorized Signatory:                                                                                                                                           

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

11

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: George and Ruth Brandon JTWROS                                                                                                                                          

Signature of Authorized Signatory of Purchaser: /s/ George Brandon   

                                                                              /s/
Ruth Brandon 

Name of Authorized Signatory: George Brandon and Ruth Brandon                                                                                                                                          

Title of Authorized Signatory:                                                                                                                                           

Email Address of Authorized Signatory:                                                                                                                                           

Facsimile Number of Authorized Signatory:                                                                                                                                           

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

12

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Daniel Landry                                         

Signature of Authorized Signatory of Purchaser: /s/ Daniel Landry           

Name of Authorized Signatory: Daniel Landry                

Title of Authorized Signatory:               

Email Address of Authorized Signatory:     

Facsimile Number of Authorized Signatory:   

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

13

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Anthony DiGiandomenico        

Signature of Authorized Signatory of Purchaser: /s/ Anthony DiGiandomenico    

Name of Authorized Signatory: Anthony DiGiandomenico  

Title of Authorized Signatory: 

Email Address of Authorized Signatory:    

Facsimile Number of Authorized Signatory:  

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

14

 

IN WITNESS WHEREOF, the undersigned have caused this Securities Purchase Agreement to be duly executed by their respective authorized signatories as of the date first indicated above.

Name of Purchaser: Mark L. Baum Trust dated May 17, 2011      

Signature of Authorized Signatory of Purchaser: /s/ Mark L. Baum    

Name of Authorized Signatory: Mark L. Baum     

Title of Authorized Signatory: Trustee                      

Email Address of Authorized Signatory:           

Facsimile Number of Authorized Signatory:                     

Address for Notice to Purchaser:

 

 

Address for Delivery of Securities to Purchaser (if not same as address for notice):

 

 

[PURCHASER SIGNATURE PAGE TO SECURITIES PURCHASE AGREEMENT]

15

 

Schedule A

Purchasers

	
Purchaser

 
	
Purchase Amount

 
	
Common Stock Shares Purchased

 
	
Warrants Purchased

 

	
Mark L. Baum Trust dated May 17, 2011, Mark L. Baum Trustee

 
	
$180.40

 
	
1,855,223

 
	
1,855,223

 

	
Daniel Landry

 
	
$143.50

 
	
1,475,746

 
	
1,475,746

 

	
Anthony DiGiandomenico

 
	
$143.50

 
	
1,475,746

 
	
1,475,746

 

	
1999 Clifford Family Trust, Dated 12/22/1999, Robert C. Clifford & Rachel L. Clifford Co-Trustees

 
	
$143.50

 
	
1,475,746

 
	
1,475,746

 

	
Sanford Greenberg

 
	
$76.26

 
	
784,253

 
	
784,253

 

	
Ankur & Carolyn Desai JTWROS

 
	
$44.28

 
	
455,373

 
	
455,373

 

	
George & Ruth Brandon JTWROS

 
	
$44.28

 
	
455,373

 
	
455,373

 

	
Kevin M. Cotter

 
	
$44.28

 
	
455,373

 
	
455,373

 

	
TOTAL

 
	
$820.00

 
	
8,432,833

 
	
8,432,833

 

 

 

16

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