Document:

Exhibit 10.30

 

AMENDED
AND RESTATED

security agreement

 

This AMENDED AND RESTATED
SECURITY AGREEMENT (this "Agreement"), dated as of December 23, 2015, is made by and among MYnd Analytics, Inc.,
f/k/a CNS Response, Inc., a Delaware corporation ("Grantor"), the parties listed under the caption "Secured
Parties" on the signature pages hereto (each a "Secured Party" and, collectively, the "Secured
Parties").

 

Recitals

 

WHEREAS, the parties
hereto entered into that certain Security Agreement dated September 22, 2014; and

 

WHEREAS, the parties
hereto entered into that certain Note Purchase Agreement, dated as of September 22, 2014, as amended by Amendment No. 1 to the
Note Purchase Agreement, dated as of April 14, 2015, as further amended and restated by the Amended and Restated Note Purchase
Agreement, dated as of June 2, 2015, as further amended by the Omnibus Amendment to the Amended and Restated Note Purchase Agreement,
dated September 14, 2015, pursuant to which the Secured Parties have purchased from Grantor Secured Convertible Promissory Notes
of the Company (the "Notes"); and

 

WHEREAS, the Grantor
and the Secured Parties are parties to a Second Amended and Restated Note and Warrant Purchase Agreement, dated as of December
23, 2015 (the "Second Amended and Restated Purchase Agreement"), pursuant to which the Grantor shall issue Notes
and warrants to purchase shares of common stock of the Grantor; and

 

WHEREAS, pursuant to
Section 5 of the Notes, the Notes will be secured by the Collateral (as defined below); and

 

WHEREAS, the parties
hereto wish to amend and replace the Security Agreement dated September 22, 2014 with this Agreement.

 

NOW, THEREFORE, in
consideration of the foregoing premises, the respective representations, warranties and covenants contained herein, and certain
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending
to be legally bound, hereby agree as follows:

 

		1.	Grant of Security Interest.

 

(a)           To secure Grantor's
obligations under the Second Amended and Restated Purchase Agreement and the Notes, Grantor hereby grants and pledges to the Secured
Parties a security interest in all of Grantor's right, title and interest in, to and under all Intellectual Property Rights (as
defined below) of the Grantor related to its PEER (Psychiatric EEG Evaluation Registry) technology and method, including without
limitation all proceeds thereof (such as by way of example but not by way of limitation, license royalties and proceeds of infringement
suits), the right to sue for past, present and future infringements, all rights corresponding thereto throughout the world and
all re-issues, divisions, continuations, renewals, extensions and continuations-in-part thereof. The property referenced in this
Section 1(a) is listed in Schedule B of the Second Amended and Restated Purchase Agreement and is attached hereto as Schedule I
and is hereinafter referred to as the "Collateral".

 

     

     

    

 

(b)           For the purpose
of this Agreement, "Intellectual Property Rights" means any and all patents, patent applications, trademarks,
trademark applications, service marks, service mark applications, trade names, copyrights, trade secrets, domain names, mask works,
know-how, information and proprietary rights and processes, similar or other intellectual property rights, subject matter of any
of the foregoing, tangible embodiments of any of the foregoing, and licenses in, to and under any of the foregoing.

 

		2.	Remedies.

 

(a)           Upon the occurrence
of any Event of Default (as defined in the Notes) (but only after Grantor receives the written notice required pursuant to Section
7(a) of the Notes), each Secured Party shall have, in addition to all other rights and remedies granted to it in this Agreement,
the Notes or any other document, all rights and remedies of a secured party under the Uniform Commercial Code of the State of California
(the "UCC") and other applicable laws. Without limiting the generality of the foregoing, (i) the Majority
Holders (as defined in the Second Amended and Restated Purchase Agreement) or any collateral agent appointed by the Majority Holders
(as defined in the Second Amended and Restated Purchase Agreement) (a "Collateral Agent") may peaceably enter
any premises of Grantor, take possession of any of the Collateral, remove or dispose of all or part of the Collateral on any premises
of such Grantor or elsewhere, and otherwise collect, receive, appropriate and realize upon all or any part of the Collateral, and
demand, give receipt for, settle, renew, extend, exchange, compromise, adjust, or sue for all or any part of the Collateral, as
the Majority Holders (as defined in the Second Amended and Restated Purchase Agreement) may determine; (ii) the Majority Holders
(as defined in the Second Amended and Restated Purchase Agreement) or any Collateral Agent may require Grantor to assemble all
or any part of the Collateral and make it available to the Secured Parties at any place and time designated by the Majority Holders
(as defined in the Second Amended and Restated Purchase Agreement); (iii) the Majority Holders (as defined in the Second Amended
and Restated Purchase Agreement) or any Collateral Agent may secure the appointment of a receiver of the Collateral or any part
thereof (to the extent and in the manner provided by applicable law); and (iv) to the extent permitted by applicable law and by
agreements of the Grantor with third parties,  the Majority Holders (as defined in the Second Amended and Restated Purchase
Agreement) or any Collateral Agent may sell, resell, lease, use, assign, license, sublicense, transfer or otherwise dispose of
any or all of the Collateral in its then condition or following any commercially reasonable preparation or processing (utilizing
in connection therewith any of Grantor's assets, without charge or liability to the Secured Parties therefor) at public or private
sale, by one or more contracts, in one or more parcels, at the same or different times, for cash or credit, or for future delivery
without assumption of any credit risk, all as the Majority Holders (as defined in the Second Amended and Restated Purchase Agreement)
deem advisable; provided, however, that Grantor shall be credited with the net proceeds of sale only when such proceeds
are finally collected by the Secured Parties. The Majority Holders (as defined in the Second Amended and Restated Purchase Agreement)
or any Collateral Agent shall have the right upon any such public sale, and, to the extent permitted by law, upon any such private
sale, to purchase the whole or any part of the Collateral so sold. The Majority Holders (as defined in the Second Amended and Restated
Purchase Agreement) or any Collateral Agent shall give Grantor such notice of any private or public sales as may be required by
the UCC or other applicable law.

 

    	 	2	 

     

    

 

(b)           Grantor hereby
grants to the Majority Holders (as defined in the Second Amended and Restated Purchase Agreement), on behalf of all of the holders
of Notes, and any Collateral Agent an absolute power of attorney to sign, upon the occurrence and during the continuance of an
Event of Default (but only after Grantor receives the written notice required pursuant to Section 7(a) of the Notes), any document
which may be required by the United States Copyright Office, United States Patent and Trademark Office or similar registrar in
order to effect an absolute assignment of all right, title and interest in each item of Collateral and each application for such
registration, and record the same.  If an Event of Default shall occur and be continuing, the Majority Holders (as defined
in the Second Amended and Restated Purchase Agreement) or any Collateral Agent may direct Grantor to refrain, in which event Grantor
shall refrain, from using the Collateral in any manner whatsoever, directly or indirectly, and Grantor shall execute such further
documents that the Majority Holders (as defined in the Second Amended and Restated Purchase Agreement) or any Collateral Agent
may reasonably request to further confirm this and to transfer ownership of the Collateral and registrations and any pending applications
in the United States Copyright Office, United States Patent and Trademark Office, equivalent office in a state of the United States
or a foreign jurisdiction or applicable domain name registrar to the Majority Holders (as defined in the Second Amended and Restated
Purchase Agreement), on behalf of all of the holders of Notes, or Collateral Agent, as applicable.

 

(c)           For the purpose
of enabling the Secured Parties to exercise their rights and remedies under this Section 2 or otherwise in connection with
this Agreement, the Second Amended and Restated Purchase Agreement and/or the Notes, effective upon the occurrence of an Event
of Default (but only after Grantor receives the written notice required pursuant to Section 7(a) of the Notes), Grantor hereby
grants to each Majority Holder (as defined in the Second Amended and Restated Purchase Agreement) and any Collateral Agent an irrevocable,
non-exclusive and assignable license (exercisable without payment or royalty or other compensation to Grantor) to use, license
or sublicense any Collateral, to the extent permitted by applicable law and by agreements of the Grantor with third parties. Any
such license or sublicense terminates upon sale of the Collateral.

 

(d)           The cash proceeds
actually received from the sale or other disposition or collection of Collateral, and any other amounts received in respect of
the Collateral the application of which is not otherwise provided for herein, shall be applied first, to the payment of
the reasonable costs and expenses of the Secured Parties and any Collateral Agent in exercising or enforcing the rights of the
Secured Parties hereunder and in collecting or attempting to collect any of the Collateral; and second, to the payment of
the obligations under the Notes (the "Obligations"). Any surplus thereof which exists after payment and performance
in full of the Obligations shall be promptly paid over to Grantor or otherwise disposed of in accordance with the UCC or other
applicable law. Grantor shall remain liable to the Secured Parties for any deficiency which exists after any sale or other disposition
or collection of Collateral.

 

    	 	3	 

     

    

 

(e)           The security interest
granted hereunder is granted in conjunction with the security interest granted to Secured Parties under the Second Amended and
Restated Purchase Agreement and the Notes. The rights and remedies of Grantor with respect to the security interest granted hereby
are in addition to those set forth in the Second Amended and Restated Purchase Agreement and the Notes, and those which are now
or hereafter available to Secured Parties as a matter of law or equity. Each right, power and remedy of Secured Parties provided
for herein or in the Second Amended and Restated Purchase Agreement or the Notes, or now or hereafter existing at law or in equity
shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein. The exercise by
Secured Parties of any one or more of the rights, powers or remedies provided for in this Agreement, the Second Amended and Restated
Purchase Agreement or the Notes, or now or hereafter existing at law or in equity, shall not preclude the simultaneous or later
exercise by any person of any rights, powers or remedies.

 

3.           Amendments;
Waiver. Any term of this Agreement may be amended or waived with the written consent of Grantor and the Majority Holders (as
defined in the Second Amended and Restated Purchase Agreement) at the time of such amendment or waiver.

 

4.           Repayment
or Conversion of the Notes. This Agreement and the rights granted hereunder shall automatically expire and have no further
effect upon full repayment of the Notes, or upon the conversion in full of the Notes into stock in accordance with Section 2 or
Section 3 of the Notes.

 

5.           Governing
Law. This Agreement shall be governed by and construed under the laws of the State of California, as applied to agreements
among California residents, made and to be performed entirely within the State of California, without giving effect to conflicts
of laws principles of the State of California, or any other state.

 

6.           Miscellaneous.
Grantor and Secured Parties shall execute and deliver, or cause to be executed and delivered, from time to time hereafter, upon
request, all such further documents and instruments and shall do and perform all such acts as may be reasonably necessary to give
full effect to the intent of this Agreement.

 

7.           Counterparts.
This Agreement may be executed in one or more counterparts (including facsimile or other electronic means), none of which need
contain the signatures of all parties, each of which shall be deemed an original, and all of which together shall constitute one
and the same instrument. It shall not be necessary in making proof of this Agreement to produce or account for more than the number
of counterparts containing the respective signatures of, or on behalf of, all of the parties hereto.

 

[Remaining Page Left Intentionally Blank;
Signature Page Follows]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be duly executed and delivered as of the date first above written.

 

	 	GRANTOR:
	 	 
	 	MYND ANALYTICS, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	SECURED PARTIES:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Amended and Restated
Security Agreement]Exhibit 10.31

 

AMENDED AND RESTATED

REGISTRATION RIGHTS AGREEMENT

 

This AMENDED AND RESTATED
REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of December 23, 2015, is entered into by and among
MYnd Analytics, Inc., f/k/a CNS Response, Inc., a Delaware corporation (the "Company"), RSJ Private Equity Uzavreny
Investicni Fond A.S. ("RSJ") and other holders of Registrable Securities on the date hereof who execute a joinder
to this Agreement agreeing to be bound by the terms hereof. The Company, RSJ and the Holders are referred to herein as "parties"
collectively and a "party" individually.

 

WITNESSETH

 

WHEREAS, the
Company and the Holders entered into a Note Purchase Agreement, dated as of September 22, 2014, as amended by Amendment No. 1 to
the Note Purchase Agreement, dated as of April 14, 2015, as further amended and restated by the Amended and Restated Note Purchase
Agreement, dated as of June 2, 2015, as further amended by the Omnibus Amendment to the Amended and Restated Note Purchase Agreement,
dated September 14, 2015, pursuant to which the Holders have purchased Secured Convertible Promissory Notes of the Company (the
"Notes"); and

 

WHEREAS, the
Company and the Holders are parties to a Second Amended and Restated Note and Warrant Purchase Agreement, dated as of December
23, 2015 (the "Second Amended and Restated Purchase Agreement"), pursuant to which the Company shall issue Notes
and warrants to purchase shares of Common Stock (the "Warrants"); and

 

WHEREAS, in
connection with the consummation of the transactions contemplated by the Second Amended and Restated Purchase Agreement, and pursuant
to the terms of the Second Amended and Restated Purchase Agreement, the parties desire to enter into this Agreement in order to
grant certain registration rights to the Holders as set forth below.

 

NOW, THEREFORE,
in consideration of the premises set forth above, the mutual promises and covenants set forth herein and other good and valuable
consideration, and subject to and on the terms and conditions set forth herein, the parties agree as follows:

 

		1.	INTERPRETATION

 

1.1           Definitions.
The following terms shall have the meanings set forth or referenced below:

 

"Affiliate"
means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries,
Controls, is Controlled by, or is under common Control with, such specified Person.

 

"Applicable
Exchange" means The New York Stock Exchange, Inc. or the NASDAQ Stock Exchange, including the NASDAQ Global Market.

 

     

     

    

 

"Business Day"
means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to be closed in New
York.

 

"Commission"
means the SEC or any other federal agency at the time administering the Securities Act.

 

"Common Stock"
means the common stock, par value $0.001 per share, of the Company and any other common equity securities issued by the Company,
and any other shares of stock issued or issuable with respect thereto (whether by way of a stock dividend or stock split or in
exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization,
merger, consolidation or other corporate reorganization).

 

"Control"
(including the terms "Controlled by" and "under common Control with") means the possession, directly
or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership
of voting securities, as trustee or executor, by contract or otherwise, including the ownership, directly or indirectly, of securities
having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.

 

"Exchange Act"
means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

"Exempt Registration"
means a Registration by the Company relating solely to the sale of Securities to participants in any employee equity incentive
plan adopted by the Company.

 

"FINRA"
means the Financial Industry Regulatory Authority, Inc.

 

"Holders"
means the holders of the Registrable Securities, together with any transferees and assigns of any such record holder.

 

"Law"
means any federal, national, foreign, supranational, state, provincial or local statute, law, ordinance, regulation, rule, code,
order, requirement or rule of law (including common law), official policy or interpretation of any federal, national, foreign,
supranational, state, provincial, local, municipal or other political subdivision or other government, governmental, regulatory
or administrative authority, agency, board, bureau, department, instrumentality or commission or any court, tribunal, judicial
or arbitral body of competent jurisdiction or stock exchange with jurisdiction over the parties hereto, as the case may be.

 

"Person"
means any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity, as well
as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange Act.

 

"Registration"
means a registration effected by preparing and filing a Registration Statement and the declaration or ordering of the effectiveness
of that Registration Statement, which shall be modified or supplemented, as applicable. The terms "Register" and
"Registered" have meanings correlative to the foregoing.

 

    	 	2	 

     

    

 

"Registrable
Securities" shall mean (a) any shares of Common Stock held by the Holders issued upon conversion, exercise or exchange
of the Notes or exercise of the Warrants, and (b) any shares of Common Stock issued or issuable with respect to any shares described
in subsection (a) above by way of a stock dividend or stock split or in connection with a combination of shares, recapitalization,
merger, consolidation or other reorganization (it being understood that for purposes of this Agreement, a Person shall be deemed
to be a holder of Registrable Securities whenever such Person has the right to then acquire or obtain from the Company any Registrable
Securities, whether or not such acquisition has actually been effected). As to any particular Registrable Security, such securities
shall cease to be Registrable Securities when: (i) a Registration Statement with respect to the sale of such securities shall have
become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance
with such Registration Statement; (ii) such securities shall have been otherwise transferred, new certificates for such securities
not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of
such securities shall not require registration under the Securities Act; (iii) such securities shall have ceased to be outstanding;
(iv) such securities have been sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities
transaction; or (v) such securities may be sold without registration pursuant to Rule 144 promulgated under the Securities Act
with no volume or other restrictions or limitations.

 

"Registration
Statement" means a registration statement prepared on Form S-1 under the Securities Act (or a successor form or substantially
similar form then in effect) or a Shelf Registration Statement.

 

"Rule 144"
means Rule 144 promulgated under the Securities Act, as amended from time to time (or any successor provision).

 

"SEC"
means the United States Securities and Exchange Commission.

 

"Securities"
means any equity interest of, or shares of any class in the share capital (common, preferred or otherwise) of, the Company and
any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable
or exchangeable for any such equity interest or shares of any class in the share capital of the Company.

 

"Securities
Act" means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

"Shelf Registration
Statement" means a registration statement prepared on Form S-3 (or a successor form or substantially similar form then
in effect) or another appropriate form for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act (or any successor provision).

 

"U.S. Securities
Laws" means the federal securities Laws of the United States, including the Exchange Act and the Securities Act, and any
applicable securities Laws of any State of the United States.

 

    	 	3	 

     

    

 

1.2           Interpretation.
In this Agreement, except to the extent otherwise provided or that the context otherwise requires:

 

(a)          when
a reference is made in this Agreement to a Section, such reference is to a Section of this Agreement;

 

(b)          the
headings for this Agreement are for reference purposes only and do not affect in any way the meaning or interpretation of this
Agreement;

 

(c)          the
words "hereof," "herein" and "hereunder" and words of similar import, when used in this Agreement,
refer to this Agreement as a whole and not to any particular provision of this Agreement;

 

(d)          all
terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto, unless otherwise defined therein;

 

(e)          the
definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms;

 

(f)          references
to a Person are also to its successors and permitted assigns; and

 

(g)          the
use of the term "or" is not intended to be exclusive.

 

		2.	DEMAND AND SHELF REGISTRATION.

 

		2.1	Demand Registration.

 

(a)          One
year following the date of this Agreement and subject to the terms herein, RSJ or holders of a majority of the Registrable Securities
then outstanding (the "Majority Holders") (the Majority Holders and RSJ may sometimes hereinafter be referred
to as the "Requester") may by written notice to the Company (a "Demand Notice") request the Company
to effect the Registration of all or part of the Registrable Securities owned by such Requester and their respective Affiliates.
Upon receipt of such a request, (i) the Company shall promptly (but in no event later than twenty (20) days following receipt thereof)
deliver notice of such request to all other holders of Registrable Securities who shall then have twenty (20) days from the date
such notice is given to notify the Company in writing of their desire to be included in such registration, and (ii) the Company
shall as soon as practicable, cause the Registrable Securities specified in such Demand Notice and the Registrable Securities held
by the other holders of Registrable Securities who gave such notice to the Company, to be Registered and/or qualified for sale
and distribution in such jurisdictions as the Requester may reasonably request. The Company shall use its reasonable best efforts
to cause such Registration and/or qualification to be complete as soon as practicable, but in no event later than sixty (60) days,
after receipt of the Demand Notice. The Company shall be obligated to effect no more than two (2) Registrations requested
by RSJ and shall be obligated to effect no more than two (2) Registrations requested by the Majority Holders under this Section 2.1;
provided that a Registration shall not be deemed to have been effected under this Section 2.1 unless (i) all Registrable
Securities set forth in such Demand Notice are Registered in such Registration, (ii) the offering of Registrable Securities
pursuant to such Registration is not subject to any stop order, injunction or other order or requirement of the Commission (other
than any such stop order, injunction, or other requirement of the Commission prompted by act or omission of the Holders of a majority
of the Registrable Securities requested to be included therein) and (iii) such Registration is closed, or withdrawn at the request
of the Requester (other than as a result of a material adverse change to the Company). The Company shall not include in any Demand
Registration any securities which are not Registrable Securities without the prior written consent of the Holders of a majority
of the Registrable Securities requested to be included therein. If the underwriters for such Demand Registration advise the Company
in writing that in their opinion the number of Registrable Securities and, if permitted hereunder, other securities requested to
be included in such Registration exceeds the number of Registrable Securities and other securities, if any, which can be sold in
an orderly manner in such offering within a price range acceptable to the Holders of a majority of the Registrable Securities requested
to be included therein, the Company shall include the number of Registrable Securities which can be so sold in the following order
of priority: (a) first, the Registrable Securities requested to be included by the Requester, which in the opinion of such underwriter
can be sold in an orderly manner within the price range of such offering, pro rata among them on the basis of the number of Registrable
Securities requested to be included therein by each such Holder, and (b) second, other securities requested to be included therein
to the extent permitted hereunder.

 

    	 	4	 

     

    

 

		2.2	Limitation; Right of Deferral

 

(a)          The
Company shall not be obligated to Register or qualify Registrable Securities pursuant to Section 2.1, if the aggregate
offering price an aggregate price to the public of the Registrable Securities to be Registered under the Demand Notice is less
than US $1,000,000.

 

(b)          If,
after receiving a Demand Notice, the Company furnishes to the Requester a certificate signed by a director of the Company stating
that, in the good faith judgment of the board of directors of the Company, it would be materially interfere with a bona fide business,
acquisition or divestiture or financing transaction of the Company or is reasonably likely to require premature disclosure of information,
the premature disclosure of which would reasonably be expected to materially and adversely affect the Company, then the Company
shall have the right to defer such filing for a period not to exceed sixty (60) days from the receipt of a Demand Notice (which
may be extended by up to 30 days by written notice of the Company); provided, that the Company shall not utilize this right
more than once in any 12-month period; and provided further that the Company shall not Register any other Securities
during such sixty (60) day period (other than Exempt Registrations). In the event that the Company exercises such right, the
Requester shall be entitled to withdraw the Demand Notice by written notice to the Company and such withdrawn Demand Notice shall
not constitute a request by the Requester to effect a Registration under Section 2.1.

 

    	 	5	 

     

    

 

2.3           Shelf
Registration. The Company shall take all action necessary to facilitate its eligibility under U.S. Securities Laws to use a
Shelf Registration Statement. Upon the written request of any Holder, and provided that the Company is so eligible, the Company
shall file a Shelf Registration Statement covering all of the Registrable Securities of such Holder as soon as practicable, but
in no event later than thirty (30) days, after receipt of such request. Unless such Shelf Registration Statement shall become
automatically effective, the Company shall use its reasonable best efforts to cause the Shelf Registration Statement to become
or be declared effective by the Commission for all of the Registrable Securities of such Holder as promptly as practicable after
the filing thereof. The Company shall use its reasonable best efforts to keep such Shelf Registration Statement (or a successor
Registration Statement filed with respect to the Registrable Securities) continuously effective (including by filing a new Shelf
Registration Statement if the initial Shelf Registration Statement expires) in order to permit the prospectus or any prospectus
supplement related thereto to be lawfully delivered and the Shelf Registration Statement useable for resale of such Registrable
Securities until such Registration Securities may be sold without restriction or limitation under Rule 144. If the Underwriters
for such Registration advise the Company in writing that in their opinion the number of Registrable Securities and, if permitted
hereunder, other securities requested to be included in such shelf takedown exceeds the number of Registrable Securities and other
securities, if any, which can be sold in an orderly manner in such offering within a price range acceptable to the Holders of a
majority of the Registrable Securities requested to be included therein, the Company shall include in such Registration the number
of Registrable Securities which can be so sold in the following order of priority: (a) first, the Registrable Securities owned
by the Holders requested to be included in the Registration, which in the opinion of such Underwriter can be sold in an orderly
manner within the price range of such offering, pro rata among the respective Holders of such Registrable Securities on the basis
of the number of Registrable Securities requested to be included therein by each such Holder, and (b) second, other securities
requested to be included therein to the extent permitted hereunder.

 

2.4           Underwriting
Election . Any of the Requesters (in respect of a Registration under Section 2.1) or any Holder (in respect of
a Registration under Section 2.3) may request to distribute its or its Affiliates' Registrable Securities in an underwritten
offering by notifying the Company in writing (the "Underwriting Election"). Upon receipt of an Underwriting Election,
the Company shall use its reasonable best efforts to cause such Registration or "takedown" of such Shelf Registration
Statement to be in the form of a firm commitment underwritten offering and the managing underwriters for such offering shall be
internationally reputable investment banking firms selected by the Holder who has delivered the Underwriting Election and reasonably
acceptable to the Company.

 

2.5           Rule
415. Notwithstanding anything to the contrary contained herein, if the SEC specifically prohibits the Registration Statement
from including all Registrable Securities ("SEC Guidance") (provided that the Company shall advocate with the
SEC for the registration of all or the maximum number of the Registrable Securities permitted by SEC Guidance to be included in
such Registration Statement, such maximum number, the "Rule 415 Amount"), then the Company will not be in breach
of this Agreement by following such SEC Guidance, and the Company will file such additional Registration Statements at the earliest
practicable date on which the Company is permitted by SEC Guidance to file such additional Registration Statements related to the
Registrable Securities, each registering the Rule 415 Amount, seriatim, until all of the Registrable Securities have been registered.
Notwithstanding anything to the contrary contained herein, the amount of Registrable Securities required to be included in the
initial Registration Statement as described in this Section 2 shall equal the lesser of (a) the amount of Registrable Securities
that Holders request to have so registered pursuant to this Section 2 and (b) the maximum amount of Registrable Securities
which may be included in a Registration Statement without exceeding the Rule 415 Amount.

 

    	 	6	 

     

    

 

2.6           Extension
of Filing Requirements. As a reporting company under the rules of the SEC, the Company is subject to specific filing requirements
which provide for the filing of reports containing financial information. The 60 day deadline provided for in Section 2.1
above and the 30 day deadline provided for in Section 2.3 above may be extended automatically and unilaterally by the Company
for up to 90 days if the Company would be required to complete the preparation of any financial statements on a basis that is more
accelerated than that which is otherwise required by such filing requirements.

 

		3.	PIGGYBACK REGISTRATIONS.

 

3.1           Registration
of the Company's Securities. Subject to Section 3.3 hereof, if the Company proposes to Register for its own account
any of its Securities, or for the account of any holder of Securities any of such holder's Securities, in connection with the public
offering of such Securities (including in respect of a Registration under Section 2.1 or a "takedown" of
a Shelf Registration Statement under Section 2.3), the Company shall promptly give each Holder written notice of such
Registration and, upon the written request of any Holder given within fifteen (15) days after delivery of such notice, the
Company shall use its reasonable best efforts to include in such Registration any Registrable Securities thereby requested by such
Holder. If a Holder decides not to include all or any of its or its Affiliates' Registrable Securities in such Registration by
the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent
Registration Statement or Registration Statements as may be filed by the Company with respect to offerings of its Securities upon
the terms and conditions set forth herein.

 

3.2           Right
to Terminate Registration. The Company shall have the right to terminate or withdraw any Registration that was initiated by
it under Section 3.1 prior to the effectiveness of such Registration, whether or not any Holder has elected to participate
therein. The expenses of such withdrawn Registration shall be borne by the Company in accordance with Section 4.3.

 

		3.3	Underwriting Requirements.

 

(a)          In
connection with any offering involving an underwriting or placement by a placement agent of the Company's Securities, the Company
shall not be required to Register the Registrable Securities of a Holder under this Section 3 unless such Holder's
Registrable Securities are included in the underwriting and such Holder enters into an underwriting agreement and related agreements
in customary form with the underwriters or placement agents and setting forth such terms for the offer and sale of securities.
In the event the underwriters advise the Holders seeking Registration of Registrable Securities pursuant to this Section 3
in writing that market factors (including the aggregate number of Registrable Securities requested to be Registered, the general
condition of the market, and the status of the Persons proposing to sell securities pursuant to the Registration) require a limitation
of the number of Securities to be underwritten or otherwise sold, the underwriters or placement agents may exclude some or all
Registrable Securities from the Registration and underwriting or placement, and the number of Securities and Registrable Securities
that may be included in the Registration and the underwriting or placement shall be allocated in the following order of priority:
first, to the Company if such Registration has been initiated by the Company or to the Holder and its Affiliates who delivered
the Underwriting Election if such underwriting is being undertaken pursuant to Section 2.4, and second, to RSJ
if RSJ requests inclusion of its Registrable Securities in such Registration Statement, and third to each Holder requesting inclusion
of its Registrable Securities in such Registration Statement on a pro rata basis based on the respective amounts of Securities
which such Holders would otherwise be entitled to include in the Registration; provided that the right of the underwriters
to exclude Securities and Registrable Securities from the Registration and underwriting or placement as described above shall be
restricted so that all other Securities that are not Registrable Securities shall first be excluded from such Registration and
underwriting or placement before any Registrable Securities of the Holders are so excluded; and provided further that in
no event shall the number of Registrable Securities included in the offering be reduced below 25% of the total number of Securities
included in such offering.

 

    	 	7	 

     

    

 

(b)          Notwithstanding
anything to the contrary contained herein, the amount of Registrable Securities required to be included in any Registration Statement
described in this Section 3 shall be equal to the lesser of (a) the amount of Registrable Securities that Holders request
to have so registered pursuant to this Section 3 and (b) the maximum amount of Registrable Securities which may be included
in a Registration Statement without exceeding the Rule 415 Amount.

 

(c)          If
any Holder disapproves of the terms of any underwriting, such Holder may elect to withdraw therefrom by written notice to the Company
and the underwriters delivered at least ten (10) days prior to the effective date of the Registration Statement. Any Registrable
Securities excluded or withdrawn from the underwriting shall be withdrawn from the Registration.

 

3.4           Exempt
Registration. The Company shall have no obligation to Register any Registrable Securities under this Section 3
in connection with an Exempt Registration.

 

3.5           Not
a Demand Registration. Registration pursuant to this Section 3 shall not be deemed to be a Registration as described
in Section 2.1 hereof. There shall be no limit on the number of times the Holders may participate in Registration of
Registrable Securities under this Section 3.

 

		4.	PROCEDURES.

 

4.1           Registration
Procedures and Obligations. Whenever required under this Agreement to effect the Registration of any Registrable Securities
held by the Holders, the Company shall, as expeditiously as possible:

 

(a)          prepare
and file with the Commission a Registration Statement with respect to those Registrable Securities and use its reasonable best
efforts to cause that Registration Statement to become effective, and, keep the Registration Statement effective and current for
such period of time as is necessary to permit the sale of the Registrable Securities thereunder; provided, however, that
before filing such Registration Statement or any amendments thereto, the Company will furnish to the counsel selected by the Holders
copies of all such documents proposed to be filed;

 

    	 	8	 

     

    

 

(b)          prepare
and file with the Commission amendments and supplements to that Registration Statement and the prospectus or prospectus supplement
used in connection with the Registration Statement as may be necessary to comply with the provisions of U.S. Securities Law with
respect to the disposition of all securities covered by the Registration Statement;

 

(c)          furnish
to the Holders and underwriters the number of copies of a prospectus, including a preliminary prospectus, required by U.S. Securities
Laws, and any other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned
by such Holders;

 

(d)          use
its reasonable best efforts to Register and qualify the Securities covered by the Registration Statement under U.S. Securities
Laws, such other securities or blue-sky laws of such jurisdictions as reasonably requested by the Holders or underwriters; provided
that the Company shall not be required to qualify to do business or file a general consent to service of process in any such jurisdictions,
unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; and
provided, further, that in the event any jurisdiction in which the securities shall be qualified imposes a non-waivable
requirement that expenses incurred in connection with the qualification of the securities be borne by the selling shareholders,
those expenses shall be payable by such selling shareholders on a pro rata basis;

 

(e)          in
the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement in customary
form (including indemnification provisions and procedures customary in underwritten offerings) and take all such other actions
reasonably requested by the underwriters to expedite or facilitate the underwritten disposition of such Registrable Securities
(including making its officers and management team available for investor road shows, sales events, marketing activities and other
meetings) and in connection therewith in any underwritten offering, (i) make such representations and warranties to the underwriters
and the Holders with respect to the business of the Company and its subsidiaries, and the Registration Statement, prospectus and
documents incorporated or deemed to be incorporated by reference therein, in each case, in customary form and confirm the same
if and when requested, (ii) furnish opinions of counsel to the Company, addressed to the underwriters covering the matters
customarily covered in such opinions requested in underwritten offerings, (iii)  obtain "comfort" letters from the
independent certified public accountants as may be reasonably requested including of the Company and any other independent certified
public accountants of any business acquired by the Company for which financial statements or financial data are included in the
Registration Statement who have certified the financial statements included in the Registration Statement, addressed to the underwriters,
such letters to be in customary form and covering matters of the type customarily covered in "comfort" letters and (iv) deliver
such documents and certificates as may be reasonably requested by the Holders of the Registrable Securities being sold in connection
therewith, their counsel and the underwriters to evidence the continued validity of the representations and warranties made pursuant
to clause (i) above and to evidence compliance with any customary conditions contained in the underwriting agreement or other
agreement entered into by the Company;

 

    	 	9	 

     

    

 

(f)          promptly
notify each Holder: (i) when the Registration Statement, the prospectus or any prospectus supplement related thereto or post-effective
amendment to the Registration Statement has been filed, and, with respect to the Registration Statement or any post-effective amendment
thereto, when the same has become effective; (ii) of any request by the Commission for amendments or supplements to the Registration
Statement or the prospectus used in connection with the Registration Statement or any additional information; (iii) of the
issuance by the Commission of any stop order suspending the effectiveness of the Registration Statement or the initiation of any
proceedings by any Person for that purpose; and (iv) of the receipt by the Company of any written notification with respect
to the suspension of the qualification of any Registrable Securities for sale in any jurisdiction or the initiation or overt threat
of any proceeding for such purpose;

 

(g)          notify
each Holder, at any time when a prospectus relating thereto is required to be delivered under U.S. Securities Laws, of the happening
of any event as a result of which the prospectus included in such Registration Statement, as then in effect, includes an untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein not misleading in the light of the circumstances then existing and promptly prepare a post-effective amendment to such
Registration Statement or a supplement to the related prospectus and file any other required document, and prepare and furnish
to the Holders and underwriters a reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary,
so that, as thereafter delivered to the Holders and any underwriters, the prospectus 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 not
misleading in the light of the circumstances then existing;

 

(h)          use
its reasonable best efforts to prevent the issuance or obtain the withdrawal of any order suspending the effectiveness of any Registration
Statement at the earliest practicable time;

 

(i)          if
any such Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company, and if
such Holder is advised by counsel that it is or may be deemed to be a control person in relation to, or an Affiliate of, the Company,
then such Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably satisfactory
to such Holder, to the effect that the holding by such Holder is not to be construed as a recommendation by such Holder of the
investment quality of the Company's securities covered thereby and that such holding does not imply that such Holder will assist
in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such Holder by name
or otherwise is not, based on the advice of counsel to the Company, such Holder and if applicable, the underwriters, required by
the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder;

 

(j)          if
requested by the Requester, the underwriters or the placement agent, include in a prospectus supplement or amendment to the Registration
Statement such information as may be reasonably requested or required in order to market the securities being sold and permit the
intended method of distribution of the Registrable Securities and make all required filings of such prospectus supplement or such
amendment as soon as practicable after the Company's receipt of such request;

 

    	 	10	 

     

    

 

(k)          provide
a transfer agent and registrar for all Registrable Securities Registered pursuant to the Registration Statement and, where applicable,
a number assigned by the Committee on Uniform Securities Identification Procedures for all those Registrable Securities, in each
case not later than the effective date of the Registration;

 

(l)          make
available for inspection by the Holders, any underwriters participating in any disposition pursuant to a Registration Statement
and any attorneys or accountants or other agents retained by any such underwriters or selected by the Holders, all financial and
other records, pertinent corporate documents, and properties of the Company, and cause the Company's officers, directors, employees,
and independent accountants to supply all information reasonably requested by any such Holder, underwriters, attorneys, accountants,
or agents, in each case, as necessary or advisable to verify the accuracy of the information in such Registration Statement and
to conduct appropriate due diligence in connection therewith;

 

(m)          use
its reasonable best efforts to cause the transfer agent to remove restrictive legends on certificates representing the securities
covered by such Registration Statement, as appropriate and settle any offering or sale of Registrable Securities, including with
respect to the transfer of physical stock certificates into book-entry form in accordance with any procedures reasonably requested
by the Holders or underwriters;

 

(n)          cooperate
with the Holders and the underwriters to facilitate the timely delivery of Registrable Securities to be sold and to enable such
Registrable Securities to be issued in such denominations and registered in such names as such Holders may reasonably request at
least two (2) Business Days prior to the closing of any sale of Registrable Securities;

 

(o)          cause
the Registrable Securities to be listed on the Applicable Exchange; and

 

(p)          ensure
that, at all times after any Registration Statement covering a public offering of Securities of the Company under the Securities
Act shall become effective, its insider trading policy shall provide that the Company's directors may implement a trading program
under Rule 10b5-1 of the Exchange Act.

 

4.2           Expenses
of Registration. All expenses incurred in connection with Registrations, filings or qualifications pursuant to a Registration,
including (i) all registration and filing fees (including fees and expenses with respect to (A) all Commission, stock
exchange or trading system and FINRA registration, listing, filing and qualification and any other fees associated with such filings,
including with respect to counsel for the underwriters and any qualified independent underwriter in connection with FINRA qualifications,
(B) rating agencies and (C) compliance with securities or "blue sky" Laws, including any fees and disbursements
of counsel for the underwriters in connection with "blue sky" qualifications of the Registrable Securities), (ii) fees
and expenses of the financial printer, (iii) messenger, telephone and delivery expenses of the Company, (iv) fees and
disbursements of counsel for the Company, (v) fees and disbursements of all independent certified public accountants, including
the expenses of any special audits and/or "comfort letters" required by or incident to such performance and compliance)
and (vi) all reasonable fees and expenses of one counsel retained by the Holders of Registrable Securities included in such
Registration shall be borne by the Company, not to exceed $50,000 in the aggregate, whether or not any Registration Statement is
filed or becomes effective, provided that any underwriters' discounts and selling commissions, in each case related to Registrable
Securities Registered in accordance with this Agreement, shall be borne by the Holders of Registrable Securities included in such
Registration on a pro rata basis based on such Holders' relative percentage of Registrable Securities included in such Registration.
In addition, the Company shall be responsible for all of its internal expenses incurred in connection with the consummation of
the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its officers and employees
performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred in connection with the
listing of the Registrable Securities on the Applicable Exchange or any other securities exchange as required hereunder.

 

    	 	11	 

     

    

 

		5.	INDEMNIFICATION.

 

		5.1	Company Indemnity.

 

(a)          To
the extent permitted by applicable Law, the Company will indemnify and hold harmless each Holder, the officers, directors, partners,
members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each Person who controls each such
Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors,
partners, members, managers, shareholders, accountants, attorneys, agents and employees of each such controlling person, each underwriter,
if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act) such underwriter, from and against all losses, claims, costs, damages or liabilities (whether joint or several) to which they
may become subject under applicable Laws or otherwise, insofar as such losses, claims, damages, or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements, omissions or violations (each a "Violation"):
(i) any untrue statement (or alleged untrue statement) of a material fact contained in such Registration Statement, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission
(or alleged omission) to state in the Registration Statement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto, a material fact required to be stated therein or necessary to make the statements
therein not misleading, or (iii) any violation or alleged violation by the Company of U.S. Securities Laws, or any rule or
regulation promulgated under U.S. Securities Laws. The Company will reimburse any Person intended to be indemnified pursuant to
this Section 5.1 for any legal or other expenses reasonably incurred by them in connection with investigating or defending
any such loss, claim, damage, liability or action.

 

(b)          The
indemnity agreement contained in this Section 5.1 shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably
withheld or delayed), nor shall the Company be liable for any such loss, claim, damage, liability or action to the extent that
it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such Registration by any such Holder, underwriter or controlling Person.

 

    	 	12	 

     

    

 

(c)          The
foregoing indemnity of the Company is subject to the condition that, insofar as they relate to any defect in a preliminary prospectus
but such defect has been eliminated or remedied in the amended prospectus on file with the Commission at the time the applicable
Registration becomes effective (the "Final Prospectus"), such indemnity shall not inure to the benefit of any
Person if a copy of the Final Prospectus was timely furnished to the Holder or underwriter and was not furnished to the Person
asserting the loss, liability, claims or damages at or prior to the time such action is required by the Securities Act.

 

		5.2	Holder Indemnity.

 

(a)          To
the extent permitted by applicable Law, each Holder that has included Registrable Securities in a Registration will, severally
and not jointly, indemnify and hold harmless the Company, each Person who controls the Company (within the meaning of Section 15
of the Securities Act and Section 20 of the Exchange Act) and each their respective officers, directors, partners, members,
managers, shareholders, accountants, attorneys, agents and employees from and against all losses, claims, costs, damages or liabilities
(whether joint or several) to which any of the foregoing Persons may become subject, under U.S. Securities Laws or otherwise, insofar
as such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based on any untrue statement
(or alleged untrue statement) of a material fact contained in any such Registration Statement, including any preliminary prospectus
or final prospectus contained therein or any amendments or supplements thereto, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse
any Person intended to be indemnified pursuant to this Section 5.2 for any legal or any other expenses reasonably incurred
by them in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent,
but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such
Registration Statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, in reliance upon and in conformity with written information furnished to the Company and signed by such Holder and intended
to be specifically for use therein.

 

(b)          The
indemnity contained in this Section 5.2 shall not apply to amounts paid in settlement of any such loss, claim, damage,
liability or action if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably
withheld), and in no event shall the aggregate indemnity under this Section 5.2 (including any reimbursement of any
expenses) exceed the net proceeds (less underwriting discounts and selling commissions) from the offering received by such Holder.
A Holder will not be required to enter into any agreement or undertaking in connection with any Registration providing for any
indemnification or contribution on the part of such Holder greater than the Holder's obligations under this Section 5.2.

 

    	 	13	 

     

    

 

5.3           Notice
of Indemnification Claim. Promptly after receipt by an indemnified party under Section 5.1 or Section 5.2
of notice of the commencement of any action (including any governmental action), such indemnified party will, if a claim in respect
thereof is to be made against any indemnifying party under Section 5.1 or Section 5.2, deliver to the indemnifying
party a written notice of the commencement thereof and the indemnifying party shall have the right to participate in, and, to the
extent the indemnifying party so desires, jointly with any other indemnifying party similarly notified, to assume the defense thereof
with counsel reasonably satisfactory to the indemnifying party. An indemnified party (together with all other indemnified parties
that may be represented without conflict by one counsel) shall have the right to retain one separate counsel, with the reasonably
incurred fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the counsel retained
by the indemnifying party would be inappropriate due to actual or potential differing interests between such indemnified party
and any other party represented by such counsel in such proceeding. The failure to deliver written notice to the indemnifying party
within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such action, shall relieve
such indemnifying party of any liability to the indemnified party under this Section 5, but the omission to deliver written
notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than
under this Section 5.

 

5.4           Contribution.
If any indemnification provided for in Section 5.1 or Section 5.2 is held by a court of competent jurisdiction
to be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, the
indemnifying party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by
such indemnified party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect
the relative fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, in connection with
the statements or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable
considerations. The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to,
among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact
relates to information supplied by the indemnifying party or by the indemnified party and the parties' relative intent, knowledge,
access to information, and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would
not be just and equitable if contribution pursuant to this Section 5.4 were determined by pro rata allocation
or by any other method of allocation that does not take account of the equitable considerations referred to in the immediately
preceding paragraph. Notwithstanding the provisions of this Section 5.4, an indemnifying party that is a Holder shall
not be required to contribute any amount in excess of the amount that such indemnifying party has otherwise been, or would otherwise
be, required to pay pursuant to Section 5.2 by reason of such untrue or alleged untrue statement or omission or alleged
omission.

 

		6.	ADDITIONAL UNDERTAKINGS.

 

6.1           Reports
under the Exchange Act. With a view to making available to the Holders the benefits of Rule 144 or pursuant to a Registration
on a Shelf Registration Statement, the Company agrees to:

 

(a)          file
with the Commission in a timely manner all reports and other documents required of the Company under all U.S. Securities Laws;

 

    	 	14	 

     

    

 

(b)          promptly
furnish to any Holder, upon any Holder's request (i) a written statement by the Company that it has complied with the reporting
requirements of all U.S. Securities Laws at any time after it has become subject to such reporting requirements or, at any time
after so qualified, that it qualifies as a registrant whose securities may be resold pursuant to a Shelf Registration Statement,
(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents as may be filed
by the Company with the Commission, and (iii) such other information as may be reasonably requested in availing any Holder
of any rule or regulation of the Commission, that permits the selling of any such securities without Registration or pursuant to
a Shelf Registration Statement; and

 

(c)          take
such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to
sell Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided
by Rule 144 promulgated under the Securities Act, including providing any legal opinions.

 

6.2           Business
Combinations. The Company agrees that in connection with any restructuring, business combination, reorganization, merger or
other similar transaction in which the Common Stock are replaced by other equity securities, the Company shall ensure that this
agreement shall be assumed by the issuer of such replacement security.

 

		7.	MISCELLANEOUS.

 

		7.1	Termination.

 

(a)          This
Agreement may be terminated by written agreement among the parties.

 

(b)          The
right of any Holder to request Registration or inclusion of Registrable Securities in any Registration under this Agreement shall
terminate when all Registrable Securities of such Holder may be sold without restriction or limitation under Rule 144; and

 

(c)          In
the event of the termination of this Agreement in accordance with this Section 7.1, this Agreement shall thereafter
terminate and cease to have effect, and no party hereto shall have any liability to the other parties hereto or their respective
Affiliates, directors, officers or employees, except for the obligations in this Section 7 and provided that termination
of this Agreement shall be without prejudice to the accrued rights and liabilities of the parties prior to such termination, unless
otherwise agreed in writing by the parties.

 

7.2           Notices.
All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission and
electronic mail ("e-mail") transmission, so long as a receipt of such e-mail is requested and received) and shall
be given,

 

	if to	 	, to:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

    	 	15	 

     

    

  

	if to the Company:	 	 

	MYnd Analytics, Inc.
	85 Enterprise, Suite 410
	Aliso Viejo, CA 92656
	Attention: Paul Buck
	Fax: (866) 294-2611
	 
	with a copy to:
	 
	Dentons US LLP
	1221 Avenue of the Americas
	New York, New York 10020
	Attention: Jeffrey A. Baumel
	Fax: (973) 912-7199

 

or such other address or facsimile number as such party may
hereafter specify for the purpose by notice to the other parties hereto.

 

7.3           Assignment.
The rights and obligations of a Holder under this Agreement may be assigned by any Holder to any transferee or assignee of such
Holder's Registrable Securities; provided that: (i) the Company is, within a reasonable time after such transfer, furnished
with written notice of the name and address of such transferee or assignee and the Securities with respect to which such registration
rights are being assigned and (ii) such transferee or assignee agrees in writing to be bound by and subject to the terms and
conditions of this Agreement.

 

		7.4	Submission to Jurisdiction.

 

(a)          
The Company irrevocably submits to the non-exclusive jurisdiction of any California or United States Federal court sitting
in Orange County, California over any suit, action or proceeding arising out of or relating to this Agreement. The Company
irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of venue
of any such suit, action or proceeding brought in such a court and any claim that any such suit, action or proceeding brought in
such a court has been brought in an inconvenient forum. To the extent that the Company has or hereafter may acquire any immunity
(on the grounds of sovereignty or otherwise) from the jurisdiction of any court or from any legal process with respect to itself
or its property, the Company irrevocably waives, to the fullest extent permitted by law, such immunity in respect of any such suit,
action or proceeding.

 

(b)          The
Company hereby appoints Paul Buck, Chief Financial Officer of the Company, as its agent for service of process in any suit, action
or proceeding described the preceding paragraph and agrees that service of process in any such suit, action or proceeding may be
made upon it at the office of such agent. The Company waives, to the fullest extent permitted by law, any other requirements of
or objections to personal jurisdiction with respect thereto. The Company represents and warrants that such agent has agreed to
act as its agent for service of process. To the extent that the Company determines to appoint a new agent for service of process,
the Company agrees to promptly notify the Representatives of the name and address of such new agent for service of process.

 

    	 	16	 

     

    

 

(c)          If
for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder into any currency other than
U.S. dollars, the parties hereto agree, to the fullest extent permitted by law, that the rate of exchange used shall be the rate
at which in accordance with normal banking procedures the parties could purchase U.S. dollars with such other currency in The City
of New York on the business day preceding that on which final judgment is given. The obligation of the Company with respect to
any sum due from it to any person under this Agreement shall, notwithstanding any judgment in a currency other than U.S. dollars,
not be discharged until the first business day following receipt by such person of any sum in such other currency, and only to
the extent that such Underwriter or controlling person may in accordance with normal banking procedures purchase U.S. dollars with
such other currency. If the U.S. dollars so purchased are less than the sum originally due to such person hereunder, the Company
agrees as a separate obligation and notwithstanding any such judgment, to indemnify such person against such loss. If the U.S.
dollars so purchased are greater than the sum originally due to such person hereunder, such person agrees to pay to the Company,
as applicable, an amount equal to the excess of the U.S. dollars so purchased over the sum originally due to such person hereunder.

 

7.5           Cumulative
Remedies. The rights and remedies provided by this Agreement are cumulative and the use of any one right or remedy by any party
shall not preclude or waive its right to use any or all other remedies. The said rights and remedies are given in addition to any
other rights the parties may have by law, statute, ordinance or otherwise.

 

7.6           Binding
Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent permitted by
this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns.

 

7.7           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 terms and provisions of this Agreement shall nevertheless remain in full force and effect for so long as the economic
or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any party
hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties
hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto as closely
as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement are consummated as originally
contemplated to the greatest extent possible.

 

7.8           Entire
Agreement. This Agreement, together with the Second Amended and Restated Purchase Agreement, the Notes, the Warrants and that
certain Amended and Restated Security Agreement, dated on or about the date hereof, by and among the parties, constitutes the entire
agreement of the parties hereto with respect to the subject matter hereof as of the date hereof and supersedes all prior agreements
and undertakings, both written and oral, among the parties hereto with respect to the subject matter hereof.

 

7.9           Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without regard
to the conflicts of laws rules stated therein.

 

    	 	17	 

     

    

 

7.10         Specific
Performance. The parties hereto acknowledge and agree that the parties hereto would be irreparably damaged if any of the provisions
of this Agreement are not performed in accordance with their specific terms or are otherwise breached and that any non-performance
or breach of this Agreement by any party hereto could not be adequately compensated by monetary damages alone and that the parties
hereto would not have any adequate remedy at law. Accordingly, in addition to any other right or remedy to which any party hereto
may be entitled, at law or in equity (including monetary damages), such party shall be entitled to enforce any provision of this
Agreement by a decree of specific performance and to temporary, preliminary and permanent injunctive relief to prevent breaches
or threatened breaches of any of the provisions of this Agreement without posting any bond or other undertaking.

 

7.11         Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force
and effect and shall in no way be affected, impaired or invalidated 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 a determination, the parties shall
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 in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest extent
possible.

 

7.12         Expenses.
Except to the extent provided otherwise herein, all costs and expenses, including fees and disbursements of counsel, financial
advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by
the party incurring such costs and expenses.

 

7.13         Amendments
and Waivers. The provisions of this Agreement may only be amended, modified, supplemented or waived with the prior written
consent of the Company and the Majority Holders (as defined in the Second Amended and Restated Purchase Agreement). No waiver by
any party or parties shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified
by such written waiver, whether of a similar or different character, and whether occurring before or after that waiver. Except
as otherwise set forth in this Agreement, no failure to exercise, or delay in exercising, any right, remedy, power or privilege
arising from this Agreement shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any
right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege.

 

7.14         No
Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of, and be enforceable by,
only the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended
to or shall confer upon any other Person (other than an indemnified party solely with respect to Section 5) any right,
benefit or remedy of any nature whatsoever, including any rights of employment for any specified period, under or by reason of
this Agreement.

 

    	 	18	 

     

    

 

7.15         Construction.
Each party hereto acknowledges and agrees it has had the opportunity to draft, review and edit the language of this Agreement and
that no presumption for or against any party arising out of drafting all or any part of this Agreement will be applied in any controversy,
claim or dispute relating to, in connection with or involving this Agreement. Accordingly, the parties hereto hereby waive the
benefit of any rule of Law or any legal decision that would require, in cases of uncertainty, that the language of a contract should
be interpreted most strongly against the party who drafted such language.

 

7.16         Counterparts.
This Agreement may be executed and delivered (including by facsimile or other means of electronic transmission, such as by electronic
mail in "pdf" form) in one or more counterparts, and by the different parties hereto in separate counterparts, each of
which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	19	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Registration Rights Agreement on the date first written above.

 

	 	MYND ANALYTICS, INC.
	 	 	 
	 	By:	     
	 	 	Name:
	 	 	Title:
	 	 	 
	 	RSJ PRIVATE EQUITY INVESTIČNÍ FOND S PROMĚNNÝM ZÁKLADNÍM KAPITÁLEM, A.S.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HOLDER
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

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