SEC Contract Filing

Filing Date: 2019-10-31

Document Content:
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<TYPE>EX-10.1
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<FILENAME>d827495dex101.htm
<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXECUTION VERSION </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>STOCK PURCHASE AGREEMENT </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">STOCK PURCHASE AGREEMENT, dated as of October&nbsp;29, 2019 (this &#147;<U>Agreement</U>&#148;), by and among Intrexon Corporation, a Virginia
corporation (&#147;<U>Seller</U>&#148;), and TS AquaCulture LLC, a Virginia limited liability company (&#147;<U>Purchaser</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Purchaser desires to purchase from Seller, and Seller desire to sell to Purchaser, 8,239,199 shares of common stock, par value $0.001 per
share (the &#147;<U>AQB Shares</U>&#148;), of AquaBounty Technologies, Inc., a Delaware corporation (the &#147;<U>Company</U>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Accordingly, intending to be legally bound, the parties hereby agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">ARTICLE I </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><U>Purchase and Sale
of AQB Shares; Closing </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.01&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase and Sale of the AQB Shares</U>. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;On the terms and subject to the conditions hereof, at the Closing, Seller hereby sells, transfers and delivers, or
causes to be sold, transferred or delivered, to Purchaser, and Purchaser hereby purchases from Seller, the AQB Shares for an aggregate purchase price of $21,586,701.38 (the &#147;<U>Purchase Price</U>&#148;), payable as set forth below in
<U>Section</U><U></U><U>&nbsp;1.02 (Closing Date)</U>. The purchase and sale of the AQB Shares is referred to herein as the &#147;<U>Acquisition</U>&#148;. The Acquisition and the other transactions contemplated by this Agreement are referred to
herein as the &#147;<U>Transactions</U>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;&nbsp;Concurrently with the Acquisition, at the Closing, Seller
hereby assigns to Purchaser all Seller&#146;s rights, and Purchaser hereby accepts and assumes from Seller all such rights and all Seller&#146;s obligations, under the Relationship Agreement dated as of December&nbsp;5, 2012 (as amended,
supplemented or otherwise modified from time to time in accordance with its terms, the &#147;<U>Relationship Agreement</U>&#148;), by and between Seller and the Company, which was filed with the U.S. Securities and Exchange Commission (the
&#147;<U>SEC</U>&#148;) as Exhibit 10.7 to the Company&#146;s Registration Statement on Form 10 on November&nbsp;7, 2016, in accordance with Section&nbsp;9 of the Relationship Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.02&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Date</U>. The closing of the Acquisition (the &#147;<U>Closing</U>&#148;) shall take place
at the offices of Sidley Austin LLP, 787 Seventh Avenue, New York, New York 10019, at 8:00 a.m., New York time, on the date hereof (the &#147;<U>Closing Date</U>&#148;). </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Section&nbsp;1.03&nbsp;&nbsp;&nbsp;&nbsp;<U>Transactions To Be Effected at the Closing</U>. At the Closing: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(a)&nbsp;&nbsp;&nbsp;&nbsp;Seller shall direct Computershare Trust Company, N.A. (&#147;<U>CTS</U>&#148;), the Company&#146;s transfer agent
for the AQB Shares, to effect on its books and records the sale and transfer of all the AQB Shares to Purchaser. At or before the Closing, Seller shall deliver to Purchaser and CTS (i)&nbsp;executed transfer of ownership forms with signature
guarantee by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with membership in an approved signature guarantee medallion program), pursuant to Rule
<FONT STYLE="white-space:nowrap">17Ad-15</FONT> of the Securities Exchange Act of 1934, as amended (the &#147;<U>Exchange Act</U>&#148;), and (ii)&nbsp;any other </P>
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documents that may be reasonably requested to effect the transfer of the AQB Shares. At or before the Closing, Purchaser shall deliver (i)&nbsp;executed transfer of ownership forms, including a
substitute IRS Form <FONT STYLE="white-space:nowrap">W-9</FONT> executed by Purchaser and (ii)&nbsp;any other documents that may be reasonably requested to effect the transfer of the AQB Shares; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:9%; font-size:10pt; font-family:Times New Roman">(b)&nbsp;&nbsp;&nbsp;