Document:

Exhibit 10.8

 

SECURITIES ESCROW AGREEMENT 

 

THIS SECURITIES ESCROW AGREEMENT, dated
as of                     ,
2015 (this “Agreement”), by and among GP Investments Acquisition Corp., a Cayman Islands exempted company (the
“Company”), each of the parties set forth on Exhibit A annexed hereto (collectively the “Private Investors”)
and Continental Stock Transfer & Trust Company (the “Escrow Agent”).

 

WHEREAS, the Company has entered into an
Underwriting Agreement, dated                     ,
2015 (the “Underwriting Agreement”), with Citigroup Global Markets Inc. (“Citigroup”) acting as
underwriters (collectively, the “Underwriters”), pursuant to which, among other matters, the Underwriters have
agreed to purchase 15,000,000 units of the Company plus up to an additional 2,250,000 units if the Underwriters exercise their
over-allotment option. The Company’s units (the “Units”) each consist of one share of the Company’s
ordinary shares, par value $0.0001 per share (the “Ordinary Shares”), and one-half of one warrant. Each whole
warrant (the “Warrant”) is exercisable to purchase one share of Ordinary Share (only whole warrants are exercisable),
all as more fully described in the Company’s Prospectus, dated                     ,
2015, comprising part of the Company’s Registration Statement on Form S-1 (File No. 333-[●]) (the “Registration
Statement”) filed under the Securities Act of 1933, as amended, and declared effective by the Securities and Exchange
Commission on                     ,
2015 (the “Effective Date”);

 

WHEREAS, each of the Private Investors
has agreed as a condition of the Underwriters’ purchase of the Units to deposit its Units purchased on [●], 2015, as
set forth opposite each Private Investor’s name on Exhibit A attached hereto (the “Founders’ Shares”
and collectively with the Private Placement Warrants and the Ordinary Shares underlying such Units and Warrants, the “Escrow
Securities”), in escrow as hereinafter provided;

 

WHEREAS, GPIC, Ltd., a Bermuda limited
liability company (“Sponsor”) has agreed as a condition of the Underwriters’ purchase of the Units to
purchase up to 6,062,500 Warrants for $1.00 per Warrant (the “Private Placement Warrants”) immediately prior
to and subject to the closing (the “Closing”) of the Company’s initial public offering (the “Offering”)
and to deposit such Private Placement Warrants in escrow as hereinafter provided; and

 

WHEREAS, the Company and the Private Investors
desire that the Escrow Agent accept the Escrow Securities, in escrow, to be held and disbursed as hereinafter provided.

 

IT IS AGREED:

 

1. Appointment of Escrow Agent. The Company and the Private
Investors hereby appoint the Escrow Agent to act in accordance with and subject to the terms of this Agreement and the Escrow Agent
hereby accepts such appointment and agrees to act in accordance with and subject to such terms.

 

2. Deposit of Escrow Securities.

 

2.1. Founders’ Shares. On
or before the Effective Date, each of the Private Investors shall deliver to the Escrow Agent certificates representing such Private
Investor’s respective Founders’ Shares as set forth opposite their respective names on Exhibit A hereto, which certificates
shall remain in the name of such Private Investor, to be held and disbursed subject to the terms and conditions of this Agreement.
Each Private Investor acknowledges that the certificate representing such Private Investor’s Founders’ Shares bears
a legend to reflect the deposit of such Founders’ Shares under this Agreement.

 

2.2 Private Placement Securities.
Promptly following the consummation of the Offering, each of the Private Investors shall deliver to the Escrow Agent certificates
representing such Private Investor’s respective Private Placement Shares and Private Placement Warrants as set forth opposite
their respective names on Exhibit A attached hereto, which certificates shall remain in the name of such Private Investor, to be
held and disbursed subject to the terms and conditions of this Agreement. Each Private Investor acknowledges that the certificates
representing such Private Investor’s Private Placement Shares and Private Placement Warrants shall bear a legend to reflect
the deposit of such securities under this Agreement.

 

    	 

    	 

    

 

3. Disbursement of the Escrow Securities. The Escrow
Agent shall hold the Founders’ Shares and Private Placement Shares until the first anniversary of the consummation of a Business
Combination (as such term is defined in the amended and restated memorandum and articles of association of the Company) and shall
hold the Private Placement Warrants until the 30th day after the consummation of a Business Combination (each such period,
an “Escrow Period”); provided, however, that if the over-allotment granted to the Underwriters pursuant
to the Underwriting Agreement is not exercised in full prior to the expiration of the over-allotment option, then the Escrow Agent
shall release to the Company such number of Founders’ Shares as directed in writing by the Company. The Company shall promptly
provide notice of the consummation of a Business Combination to the Escrow Agent. Upon the completion of each Escrow Period, the
Escrow Agent shall automatically disburse the applicable Escrow Securities to each Private Investor upon receipt of written request
therefor from the Company; provided, however, that in the event the Closing does not occur prior to the two-year anniversary
of the Effective Date, then the Escrow Agent shall promptly release the Escrow Securities to the Private Investors; provided
further, however, that if the Escrow Agent is notified by the Company pursuant to Section 6.7 hereof that the Company
has been liquidated at any time prior to the Company completing its initial Business Combination during the Escrow Period, then
the Escrow Agent shall promptly destroy the certificates representing the Founders’ Shares and the Private Placement Warrants
and shall promptly release the Private Placement Shares to the Sponsor; provided further, however, that if the Company completes
a liquidation, merger, share exchange or other similar transaction after its initial Business Combination which results in all
of the shareholders of the Company having the right to exchange their ordinary shares for cash, securities or other property, then
the Escrow Agent shall, upon receipt of a certificate in form reasonably acceptable to the Escrow Agent, executed by the Chief
Executive Officer of the Company, release the Escrow Securities to the Private Investors on the date on which the transaction is
completed; and provided further, however, that if subsequent to the consummation of a Business Combination, the last sale
price of the Company's ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our
initial business combination, the Founders' Shares shall be released from escrow. The Escrow Agent shall act as soon as reasonably
possible following the receipt of the certificate, and shall not be held liable for any delay in sending the Escrow Securities
caused by the late receipt of the certificate. The Escrow Agent shall have no further duties hereunder with respect to the Escrow
Securities after the disbursement or destruction of the Escrow Securities in accordance with this Section 3.

 

4. Rights of Private Investors
in Escrow Securities.

 

4.1. Rights as a Security Holder.
Subject to the terms of their respective Insider Letters as described in Section 4.4 hereof and except as herein provided,
each Private Investor shall retain all of its rights as a shareholder of the Company during the Escrow Period, including without
limitation, the right to vote Ordinary Shares. The Escrow Agent shall have no responsibility to determine or verify the contents
or limitations of the Insider Letters and shall be bound only by the terms of this Agreement.

 

4.2. Dividends and other Distributions
in Respect of the Escrow Securities. During the Escrow Period with respect to the Escrow Securities, all dividends payable
in cash with respect to the Escrow Securities shall be paid to the Private Investors, but all dividends payable in shares or other
non-cash property (the “Non-Cash Dividends”) shall be delivered to the Escrow Agent to hold in accordance with
the terms hereof. As used herein, the terms “Escrow Securities” shall be deemed to include the Non-Cash Dividends
distributed thereon, if any.

 

4.3. Restrictions on Transfer. During
the Escrow Period, no sale, transfer or other disposition (a “Transfer”) may be made of any or all of the Escrow
Securities by a Private Investor except (a) transfers to the Company's officers or directors, any affiliates or family members
of any of the Company's officers or directors, any members of the Sponsor or their affiliates, or any affiliates of the Sponsor,
(b) in the case of an individual, transfers by gift to a member of the individual’s immediate family, to a trust, the beneficiary
of which is a member of the individual’s immediate family or an affiliate of such person, or to a charitable organization;
(c) in the case of an individual, transfers by virtue of laws of descent and distribution upon death of the individual; (d) in
the case of an individual, transfers pursuant to a qualified domestic relations order; (e) transfers by private sales or transfers
made in connection with the consummation of a business combination at prices no greater than the price at which the securities
were originally purchased; (f) transfers by virtue of the laws of Bermuda or the Sponsor’s limited liability company agreement
upon dissolution of the Sponsor; (g) transfers in the event of the Company's liquidation prior to its completion of an initial
business combination; and (h) in the event of the Company's completion of a liquidation, merger, share exchange or other similar
transaction which results in all of its shareholders having the right to exchange their ordinary shares for cash, securities or
other property subsequent to our completion of its initial business combination provided, however, that in the case of clauses
(a) through (f) these permitted Transfers may be implemented only upon the respective transferee’s written agreement to be
bound by the terms and conditions of this Agreement and of the Insider Letter signed by such Private Investor transferring such
Escrow Securities and such other documents as the Company or Citigroup may reasonably require. During the Escrow Period, no Private
Investor shall pledge or grant a security interest in such Private Investor’s Escrow Securities or grant a security interest
in such Private Investor’s rights under this Agreement.

 

4.4. Insider Letters. Each of the
Private Investors has executed a letter agreement with the Company, which has been filed as an exhibit to the Registration Statement
(the “Insider Letter”), with respect to the rights and obligations of such Private Investors in certain events,
including but not limited to the liquidation of the Company.

 

5. Concerning the Escrow
Agent.

 

5.1. Good Faith Reliance. The Escrow
Agent shall be protected and shall not be liable for any action taken or omitted by it in good faith and in the exercise of its
best judgment (unless grossly negligent), and may rely conclusively and may act upon any order, notice, demand, certificate, opinion
or advice of counsel (including counsel chosen by the Escrow Agent), statement, instrument, report or other document which is believed
by the Escrow Agent to be genuine and to be signed or presented by the proper person or persons. The Escrow Agent shall not be
bound by any notice or demand, or any waiver, modification, termination or rescission of this Agreement unless evidenced by a writing
delivered to the Escrow Agent signed by the proper party or parties and, if the duties or rights of the Escrow Agent are affected,
unless it shall have given its prior written consent thereto.

 

    	 

    	 

    

 

5.2. Indemnification. The Escrow
Agent shall be indemnified and held harmless by the Company from and against any expenses, including reasonable counsel fees and
disbursements, or losses suffered by the Escrow Agent in connection with any action, suit or other proceeding involving any claim
which in any way, directly or indirectly, arises out of or relates to this Agreement, the services of the Escrow Agent hereunder,
or the Escrow Securities held by it hereunder, other than expenses or losses arising from the gross negligence or willful misconduct
of the Escrow Agent. Promptly after the receipt by the Escrow Agent of notice of any demand or claim or the commencement of any
action, suit or proceeding, the Escrow Agent shall notify the other parties hereto in writing. In the event of the receipt of such
notice, the Escrow Agent, in its sole discretion, may commence an action in the nature of interpleader in an appropriate court
to determine ownership or disposition of the Escrow Securities or it may deposit the Escrow Securities with the clerk of any appropriate
court or it may retain the Escrow Securities pending receipt of a final, non-appealable order of a court having jurisdiction over
all of the parties hereto directing to whom and under what circumstances the Escrow Securities are to be disbursed and delivered.
The provisions of Sections 5.2 and 5.7 shall survive in the event the Escrow Agent resigns or is discharged pursuant to Sections
5.5 or 5.6 below and in the event of termination under 6.11 below.

 

5.3. Compensation. The Escrow Agent
shall be entitled to compensation from the Company in accordance with Schedule I hereto for all services rendered by it hereunder.

 

5.4. Further Assurances. From time
to time on and after the date hereof, the Company and the Private Investors shall deliver or cause to be delivered to the Escrow
Agent such further documents and instruments and shall do or cause to be done such further acts as the Escrow Agent shall reasonably
request to carry out more effectively the provisions and purposes of this Agreement, to evidence compliance herewith or to assure
itself that it is protected in acting hereunder.

 

5.5. Resignation. The Escrow Agent
may resign at any time and be discharged from its duties as escrow agent hereunder by its giving the other parties hereto written
notice, and such resignation shall become effective at such time that the Escrow Agent shall turn over to a successor escrow agent
appointed by the Company the Escrow Securities held hereunder. If no successor escrow agent is so appointed within the sixty (60) day
period following the giving of such notice of resignation, the Escrow Agent may submit an application to deposit the Escrow Securities
with the United States District Court for the Southern District of New York, provided the Escrow Agent provides notice of
such deposit to the Company and the Private Investors in accordance with Section 6.7 hereof.

 

5.6. Discharge of Escrow Agent.
The Escrow Agent shall resign and be discharged from its duties as escrow agent hereunder if so requested in writing at any time
by the other parties hereto, jointly; provided, however, that such resignation shall become effective only upon acceptance
of appointment by a successor escrow agent as provided in Section 5.5.

 

5.7. Liability. Notwithstanding
anything herein to the contrary, the Escrow Agent shall not be relieved from liability hereunder for its own gross negligence or
willful misconduct.

 

5.8. Waiver. The Escrow Agent hereby
waives any and all right, title, interest or claim of any kind (each, a “Claim”) in or to any distribution of
the Trust Account (as defined in that certain Investment Management Trust Agreement, dated as of the date hereof, by and between
the Company and the Escrow Agent as trustee thereunder), and hereby agrees not to seek recourse, reimbursement, payment or satisfaction
for any Claim against the Trust Account for any reason whatsoever.

 

5.9. Standard of Care. The Escrow
Agent shall be obligated only to perform the duties specifically set forth in this Escrow Agreement, which shall be deemed purely
ministerial in nature, and the Escrow Agent shall under no circumstances be deemed to be a fiduciary to any party hereto or any
other person. The parties hereto agree that the Escrow Agent shall not assume any responsibility for the failure of the parties
hereto to perform in accordance with this Escrow Agreement or any other agreement or document. This Escrow Agreement sets forth
all matters pertinent to the escrow contemplated hereunder, and no additional obligations of the Escrow Agent shall be inferred
from the terms of this Escrow Agreement or any other agreement or document. IN NO EVENT SHALL THE ESCROW AGENT BE LIABLE, DIRECTLY
OR INDIRECTLY, FOR ANY DAMAGES OR EXPENSES ARISING OUT OF THE SERVICES PROVIDED HEREUNDER, OTHER THAN DAMAGES WHICH RESULT FROM
THE ESCROW AGENT’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT.

 

    	 

    	 

    

 

6. Miscellaneous.

 

6.1. Governing Law and Consent to Jurisdiction.
This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to contracts
executed in and to be performed in that State, including, without limitation, Sections 5-1401 and 5-1402 of the New York General
Obligations Law and the New York Civil Practice Laws and Rules 327(b). The parties hereto agree that any action, proceeding or
claim against it arising out of or relating in any way to this Agreement shall be brought and enforced in the courts of the State
of New York or the United States District Court for the Southern District of New York, and the parties hereto irrevocably submit
to such jurisdiction, which jurisdiction shall be exclusive. The parties hereto hereby waive any objection to such exclusive jurisdiction
and that such courts represent an inconvenient forum.

 

6.2. Waiver of Trial by Jury. Each
party hereto hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other
proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions
contemplated hereby, or the actions of the parties in the negotiation, administration, performance or enforcement hereof.

 

6.3 Third Party Beneficiaries. Each
of the Private Investors hereby acknowledges that the Underwriters are third party beneficiaries of this Agreement and this Agreement
may not be modified or changed without the prior written consent of Citigroup.

 

6.4. Entire Agreement. This Agreement
and the Insider Letters and Warrants as referenced herein contain the entire agreement of the Company and the Private Investors
with respect to the subject matter hereof, and this Agreement contains the entire agreement as it pertains to the Escrow Agent
and the other parties hereto and, except as expressly provided herein, may not be changed or modified except by an instrument in
writing signed by all parties to this Agreement and Citigroup. This Agreement may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

 

6.5. Headings. The headings contained
in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation hereof.

 

6.6. Binding Effect. This Agreement
shall be binding upon and inure to the benefit of the respective parties hereto and their legal representatives, successors and
permitted assigns. Any corporation or association into which the Escrow Agent may be converted or merged, or with which it may
be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business and assets as a whole
or substantially as a whole, or any corporation or association resulting from any such conversion, sale, merger, consolidation
or transfer to which the Escrow Agent is a party, shall be and become the successor escrow agent under this Escrow Agreement and
shall have and succeed to the rights, powers, duties, obligations, immunities and privileges of the Escrow Agent, without the execution
or filing of any instrument or paper or the performance of any further act.

 

6.7. Notices. Any notice or other
communication required or which may be given hereunder shall be in writing and shall be sent by certified or registered mail, by
private national courier service (return receipt requested, postage prepaid), by personal delivery or by facsimile transmission.
Such notice or communication shall be deemed given (a) if mailed, two days after the date of mailing, (b) if sent by
national courier service, one business day after being sent, (c) if delivered personally, when so delivered, or (d) if
sent by facsimile transmission, on the second business day after such facsimile is transmitted, in each case as follows:

 

If to the Company, to:

 

GP Investments Acquisition Corp.

150 E. 52nd Street, Suite 5003

New York, NY 10022

Attn: Antonio Bonchristiano

Fax: [●]

 

If to a Private Investor,
to his address set forth in Exhibit A.

 

If to the Escrow Agent, to:

 

Continental Stock Transfer & Trust
Company

17 Battery Place, 8th Floor

New York, NY 10004

Attn: [●]

Fax: [●]

 

    	 

    	 

    

 

A copy of any notice sent
hereunder shall be sent to each of:

 

Skadden, Arps, Slate, Meagher &
Flom LLP

525 University Avenue

Suite 1400

Palo Alto, California 94301

Attn: Gregg A. Noel, Esq.

  Michael J. Mies, Esq.

Fax: (213) 621-5234

   (650) 798-6510

 

Citigroup Global Markets Inc.

388 Greenwich Street

New York, New York 10013

Attn: General Counsel

Fax: (646) 291-1469

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, NY 10017

Attn: Deanna L. Kirkpatrick, Esq.

Manuel Garciadiaz, Esq.

Fax: (212) 701-5135

   +55-11-4871-8501

 

The parties may change the persons and
addresses to which the notices or other communications are to be sent by giving written notice to any such change in the manner
provided herein for giving notice.

 

6.8. Liquidation of the Company.
The Company shall give the Escrow Agent written notification of the liquidation and dissolution of the Company in the event that
the Company fails to consummate a Business Combination within the time period specified in the Registration Statement.

 

6.9 Disputes. If any disagreement
or dispute arises among the Company and the Private Investors concerning the meaning or validity of any provision hereunder or
concerning any other matter relating to this Escrow Agreement, the Escrow Agent shall be under no obligation to act, except (i) with
joint written instruction of the Company and the Private Investors, or (ii) under process or order of court, and shall sustain
no liability for its failure to act pending such process or court order.

 

6.10 Authorized Signatures. Concurrent
with the execution of this Agreement, the Company will provide a completed certificate of parties authorized to sign on its behalf,
in the form attached hereto as Schedule II.

 

6.11 Termination. This Agreement
shall terminate on the final distribution or destruction of all of the Escrow Securities in accordance with the terms of this Agreement.

 

    	 

    	 

    

 

IN WITNESS WHEREOF, the parties have duly
executed this Security Escrow Agreement as of the date first written above.

 

	 	GP INVESTMENTS ACQUISITION CORP.
	 	 	 
	 	By:	

	 	Name:  	Antonio Bonchristiano
	 	Title:	Chief Executive Officer
	 	 	 
	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, AS
ESCROW AGENT
	 	By:	 
	 	Name:  	 
	 	Title:	 

 

	 	PRIVATE INVESTORS:
	 	GPIC, Ltd.
	 	 	 
	 	By:	 
	 	Name:  	[●]
	 	Title:	[●]
	 	 	 
	 	 	 
	 	Name: 	[● ]
	 	 	 
	 	 	 
	 	Name: 	[● ]
	 	 	 
	 	 	 
	 	Name: 	[● ]

 

[Escrow Agreement]

 

    	 

    	 

    

 

Exhibit A

 

	
        Name and Address of Private
        Investor:
	 	
        Number of

        Founders’ Shares
	 	
        Number of

        Private

        Placement

        Warrants

	
        GPIC, Ltd.

        Clarendon House

        2 Church Street

        Hamilton, Bermuda

        HM11
	 	4,312,500	 	6,062,500

   

    	 

    	 

    

 

Schedule I

 

	Fee Type	Amount
	Escrow Administrative Fee	$200.00 per monthExhibit 4.1

 

AMENDMENT

TO

SHAREHOLDER RIGHTS AGREEMENT

 This Amendment to Shareholder Rights Agreement (the “Amendment”) is entered into as of April 15, 2015, by and between CollabRx, Inc., a Delaware corporation (f/k/a Tegal Corporation) (the “Company”), and Computershare Trust Company, N.A., a federally chartered trust company, as successor rights agent to Registrar and Transfer Company (the “Rights Agent”).

WITNESSETH:

WHEREAS, the Company is party to the Shareholder Rights Agreement, dated as of April 13, 2011, as may have been amended or supplemented (the “Rights Agreement”), with the Rights Agent. All capitalized terms used herein and not otherwise defined shall have the meaning ascribed thereto in the Rights Agreement;

WHEREAS, pursuant to Section 27 of the Rights Agreement, prior to an occurrence of a Section 11(a)(ii) Event, the Company and the Rights Agent may, if the Company’s Board of Directors so directs, supplement or amend any provision of the Rights Agreement without the approval of any holders of certificates representing shares of Common Stock of the Company; and

WHEREAS, the Board of Directors of the Company has determined that an amendment to the Rights Agreement as set forth in this Amendment is necessary and desirable and has approved this Amendment, and pursuant to Section 27 of the Rights Agreement, the Company hereby directs that the Rights Agreement be amended as set forth in this Amendment.

NOW THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:

1.             Amendments to Section 1.

(a)          Section 1 of the Rights Agreement is hereby amended by adding the following definitions:

 

		(nn)	“Target Entity” shall mean Medytox Solutions, Inc., a Nevada corporation.

 

		(oo)	“Effective Time” shall have the meaning set forth in the Merger Agreement.

 

		(pp)	“Merger” shall have the meaning set forth in the Merger Agreement.

 

		(qq)	“Merger Agreement” shall mean the Agreement and Plan of Merger, dated as of April 15, 2015, by and among Target Entity, Merger Sub, and the Company, as may be amended from time to time.

 

		(rr)	“Merger Sub” shall mean CollabRx Merger Sub, Inc., a Nevada corporation and a wholly owned subsidiary of Company.

 

(b)          The definition of “Acquiring Person” in Section 1(a) of the Rights Agreement is hereby amended and supplemented by inserting the following sentence at the end thereof:

“Notwithstanding the foregoing or any other provision of this Agreement to the contrary, none of (i) the execution and delivery of the Merger Agreement or any of the agreements contemplated thereunder (including without limitation any voting agreements), (ii) shareholder approval of the Merger Agreement, nor (iii) the consummation of the Merger or any of the other transactions contemplated by the Merger Agreement, shall be deemed to result in Target Entity or any of its Affiliates, Associates and shareholders becoming an Acquiring Person.”

(c)          The definition of “Stock Acquisition Date” in Section 1(jj) of the Rights Agreement is hereby amended and supplemented by inserting the following sentence at the end thereof:

“Notwithstanding the foregoing or any other provision of this Agreement to the contrary, none of (i) the execution and delivery of the Merger Agreement or any of the agreements contemplated thereunder (including without limitation any voting agreements), (ii) shareholder approval of the Merger Agreement or (iii) the consummation of the Merger or the other transactions contemplated by the Merger Agreement shall be deemed to result in a Stock Acquisition Date.”

(d)          The definition of “Grandfathered Time” in Section 1(t) of the Rights Agreement is hereby amended and restated in its entirety such that Section 1(t) shall read as follows:

““Grandfathered Time” shall mean immediately following the Effective Time.”

2.             Amendment to Section 3(a).  Section 3(a) of the Rights Agreement is hereby amended and supplemented to add the following sentence at the end thereof:

“Notwithstanding anything in this Agreement to the contrary, none of (i) the execution and delivery of the Merger Agreement or any of the agreements contemplated thereunder (including without limitation any voting agreements), (ii) shareholder approval of the Merger Agreement or (iii) the consummation of the Merger or the other transactions contemplated by the Merger Agreement shall be deemed to result in a Distribution Date.”

2

3.            Amendment to Section 7(a).  Section 7(a) of the Rights Agreement is hereby amended and restated in its entirety such that Section 7(a) shall read as follows:

“(a) Subject to Section 7(e) hereof, the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Exercise Price for the total number of one ten-thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercised, at or prior to the earlier of (i) the Close of Business on the tenth anniversary of the Record Date (the “Final Expiration Date”), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the “Redemption Date”), (iii) the time at which such Rights are exchanged as provided in Section 24 hereof (the “Exchange Date”), or (iv) immediately prior to the Effective Time (the earliest of (i), (ii), (iii) or (iv) being herein referred to as the “Expiration Date”).  Except as set forth in Section 7(e) hereof and notwithstanding any other provision of this Agreement, any Person who prior to the Distribution Date becomes a record holder of shares of Common Stock of the Company may exercise all of the rights of a registered holder of a Right Certificate with respect to the Rights associated with such shares of Common Stock of the Company in accordance with the provisions of this Agreement, as of the date such Person becomes a record holder of shares of Common Stock of the Company.”

4.             Amendment to Section 11.  Section 11(a)(ii) of the Rights Agreement is hereby amended and supplemented by adding the following sentence at the end thereof:

“For the avoidance of doubt and notwithstanding anything in this Agreement to the contrary, the occurrence of (i) the execution and delivery of the Merger Agreement or any of the agreements contemplated thereunder (including without limitation any voting agreements), (ii) shareholder approval of the Merger Agreement and/or (iii) the consummation of the Merger or the other transactions contemplated by the Merger Agreement shall not be deemed to be a Section 11(a)(ii) Event and shall not cause the Rights to be adjusted or exercisable in accordance with, or any other action to be taken or obligation to arise pursuant to, this Section 11(a)(ii).”

 

3

5.            Amendment to Section 13.  Section 13(a) of the Rights Agreement is hereby amended and supplemented by adding the following sentence at the end thereof:

“For the avoidance of doubt and notwithstanding anything in this Agreement to the contrary, the occurrence of (i) the execution and delivery of the Merger Agreement or the agreements contemplated thereunder (including without limitation any voting agreements), (ii) shareholder approval of the Merger Agreement and/or (iii) the consummation of the Merger or the other transactions contemplated by the Merger Agreement shall not be deemed to be a Section 13 Event and shall not cause the Rights to be adjusted or exercisable in accordance with, or any other action to be taken or obligation to arise pursuant to, this Section 13.”

6.             Notice to Rights Agent. In the event of the occurrence of the Effective Time, the Company shall promptly notify Rights Agent of the Expiration Date.

7.              Effectiveness.  This Amendment shall be deemed effective as of the date first above written, as if executed on such date.  Except as expressly set forth herein, this Amendment shall not by implication or otherwise alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Rights Agreement, all of which are ratified and affirmed in all respects and shall continue in full force and effect and shall be otherwise unaffected.

8.             Governing Law.  This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such state applicable to contracts to be made and performed entirely within such state.

9.             Counterparts.  This Amendment may be executed in any number of counterparts, which shall for all purposes be deemed an original, and all such counterparts together shall constitute but one and the same instrument. A signature to this Amendment executed and/or transmitted electronically shall have the same authority, effect, and enforceability as an original signature.

[Remainder of page has intentionally been left blank]

 

4

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as of the day and year first above written.

	 		
COLLABRX, INC.

	 		 	
	
Attest:

		 	
	 		 	
	
/s/  Clifford Baron

		By:  	
/s/  Thomas R. Mika

	
Name:  Clifford Baron

		Name:  Thomas R. Mika
	
Title:  VP/COO

		
Title:  President and Chief Executive Officer

			
COMPUTERSHARE TRUST COMPANY, N.A.

	 			 
	
Attest:

			 
	 			 
	
/s/  James Walsh

		By:  	
 /s/  Dennis V. Moccia

	
Name:  James Walsh

		Name:  Dennis V. Moccia
	
Title:  AVP Relationship Management

		Title:  Manager, Contract Administration

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]