SEC Contract Filing

Filing Date: 2015-03-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>4
<FILENAME>v404080_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SECURITIES PURCHASE AGREEMENT</U></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>THIS SECURITIES PURCHASE AGREEMENT</B>
is made as of March 6, 2015, by and among (i) <B>Appia, Inc.</B>, a Delaware corporation (&ldquo;<B><U>Appia</U></B>&rdquo;), (ii)&nbsp;<B>Digital
Turbine, Inc.</B> (f/k/a Mandalay Digital Group, Inc.), a Delaware corporation (&ldquo;<B><U>Digital</U></B>&rdquo; and together
with Appia, the &ldquo;<B><U>Companies</U></B>&rdquo; with each, a &ldquo;<B><U>Company</U></B>&rdquo;), and (iii) <B>North Atlantic
SBIC IV, L.P.</B>, a Delaware limited partnership (the &ldquo;<B><U>Purchaser</U></B>&rdquo; and collectively with the Companies,
the &ldquo;<B><U>Parties</U></B>&rdquo; with each, a &ldquo;<B><U>Party</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS,</B> on April 4, 2013, Appia
and the Purchaser entered into a certain Purchase Agreement, pursuant to which, among other things, Appia issued to the Purchaser
a Subordinated Debenture in the amount of $5,000,000 (the &ldquo;<B>First Debenture</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS,</B> on October 31, 2013, Appia
and the Purchaser entered into another Purchase Agreement, pursuant to which, among other things, Appia issued to the Purchaser
another Subordinated Debenture in the amount of $3,000,000 (the &ldquo;<B>Second Debenture</B>&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS,</B> on or about November 13,
2014, a certain Agreement and Plan of Merger was entered into among Appia, Digital and the other parties thereto (the &ldquo;<B><U>Merger
Agreement</U></B>&rdquo;), pursuant to which, among other things, Digital is directly or indirectly acquiring substantially all
of the voting control of Appia (the &ldquo;<B><U>Acquisition</U></B>&rdquo;); and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>WHEREAS,</B> in connection and simultaneously
with consummation of the Acquisition, the Parties are entering into this Agreement in order to, among other things, provide for
the contribution and exchange of the First Debenture and the Second Debenture for a Subordinated Secured Debenture newly issued
by Appia to the Purchaser and guaranteed by Digital.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>NOW, THEREFORE,</B> in consideration
of the mutual covenants contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Parties, each intending to be legally bound, hereby agree as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify; text-indent: 0in"><B>SECTION
1.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>DEFINITIONS</U>. </B><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All capitalized terms
not defined herein but defined in <U>Appendix A</U> attached hereto shall have the meanings given to such terms in <U>Appendix
A</U>. All terms defined in this Agreement shall also have such defined meanings when used in the other Financing Documents or
any certificate or other document made or delivered pursuant hereto or thereto, unless otherwise specified herein or therein.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">All references in this
Agreement to Sections, Subsections, Exhibits, Schedules and Appendices refer to the Sections, Subsections, Exhibits, Schedules
and Appendices of this Agreement unless otherwise indicated. All Exhibits, Schedules and Appendices attached to this Agreement
are incorporated herein and made a part hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: justify; text-indent: 0in"><B>SECTION
2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U>THE NEW DEBENTURE</U>.</B></P>

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