SEC Contract Filing

Filing Date: 2017-10-16

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<DESCRIPTION>EXHIBIT 10.2
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; FONT-WEIGHT: bold; TEXT-ALIGN: right">Exhibit 10.2</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Steven Urbach</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chief Executive Officer</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Chardan Capital Markets, LLC</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">17 State Street</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Suite 1600</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">New York, NY 10004</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Tel:&#160; 646 465 9003</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: left">Fax:&#160; 646 465 9091</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">October 15, 2017</div>
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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify"><u>STRICTLY CONFIDENTIAL</u></div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Asterias Biotherapeutics, Inc.</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">6300 Dumbarton Circle</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Fremont, CA 94555</div>

<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Attn: Michael Mulroy</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">Dear Michael:</div>

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<div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'; TEXT-ALIGN: justify">This letter (the &#8220;Agreement&#8221;) constitutes the agreement between Asterias Biotherapeutics, Inc. (the &#8220;Company&#8221;) and Chardan Capital Markets, LLC (&#8220;Chardan&#8221;) that Chardan shall serve as the exclusive placement agent (the &#8220;Services&#8221;) for the Company, on a reasonable best efforts basis, in connection with the proposed offer and placement (the &#8220;Offering&#8221;) by the Company of shares of Series A common stock of the Company, par value $.0001 per share (the &#8220;Securities&#8221;). The terms of the Offering and the Securities shall be mutually agreed upon by the Company and the investors and nothing herein implies that Chardan would have the power or authority to bind the Company or that there is any obligation for the Company to issue any Securities or complete the Offering.&#160; The Company expressly acknowledges and agrees that the execution of this Agreement does not constitute a commitment by Chardan to purchase the Securities and does not ensure the successful placement of the Securities or any portion thereof or the success of Chardan with respect to securing any other financing on behalf of the Company.</div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 36pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">A.</font>&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Fees and Expenses</u></font>.&#160; In connection with the Services described above, the Company shall pay to Chardan the following compensation:</font></div>

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<div style="TEXT-ALIGN: justify; TEXT-INDENT: 72pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'"><u>Placement Agent&#8217;s Fee</u></font>.&#160; The Company shall pay to Chardan a cash placement fee (the &#8220;Placement Agent&#8217;s Closing Fee&#8221;) equal to six percent (6%) of the aggregate purchase price paid by each purchaser (the &#8220;Purchaser&#8221; or &#8220;Purchasers&#8221;) of Securities (excluding Broadwood Partners, L.P (&#8220;Broadwood&#8221;) and any other Purchasers that were introduced to the Offering through an existing relationship with the Company (together with Broadwood, the "Existing Purchasers")), as to which the Placement Agent&#8217;s Closing Fee sh