SEC Contract Filing

Filing Date: 2018-02-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tv483690_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

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

<P STYLE="margin: 0">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Subscription
Agreement</B></FONT> (this <B><I>&ldquo;Agreement&rdquo;</I></B>) is made as of the date set forth on the signature page hereto,
by and among <FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Bionik Laboratories Corp.</B></FONT>,
a Delaware corporation (the <B><I>&ldquo;Company&rdquo;</I></B>), and the subscribers identified on the signature pages hereto
(each, a <B><I>&ldquo;Subscriber&rdquo;</I></B> and collectively, the <B><I>&ldquo;Subscribers&rdquo;</I></B>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B><U>Recitals</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Whereas</B></FONT>,
the Company seeks to sell up to US$14,000,000 (the <B><I>&ldquo;Total Amount&rdquo;</I></B>) in Convertible Promissory Notes in
the form annexed hereto as <FONT STYLE="font-variant: small-caps"><U>Exhibit A</U></FONT> (each, a <B><I>&ldquo;Note&rdquo;</I></B>
and collectively, the <B><I>&ldquo;Notes&rdquo;</I></B>) pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended
(the <B><I>&ldquo;Securities Act&rdquo;</I></B>), Rule 506(b) of Regulation D (<B><I>&ldquo;Regulation D&rdquo;</I></B>) and/or
Regulation S (&ldquo;<B><I>Regulation S</I></B>&rdquo;) as promulgated under the Securities Act (the <B><I>&ldquo;Offering&rdquo;</I></B>);
and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-variant: small-caps"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Whereas</B></FONT>,
the Subscribers wish to purchase Notes in the amount set forth on (the &ldquo;<B><I>Subscription Amount</I></B>&rdquo;), and in
accordance with the lending percentages set forth opposite their respective names on (each, a &ldquo;<B><I>Proportionate Percentage</I></B>&rdquo;),
their respective Signature Page to this Agreement.</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; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Now</B></FONT>,
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>Therefore</B></FONT>, in consideration of
the mutual covenants contained in this Agreement, and for other good and valuable consideration, the receipt and adequacy of which
are hereby acknowledged, the Company and the Subscribers hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PURCHASE
OF CONVERTIBLE PROMISSORY NOTES.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">Subscription.</FONT></B>
Subject to the terms and conditions herein, the Subscribers will loan to the Company such amounts, and the Company shall borrow
from the Subscribers, in accordance with the Proportionate Percentage and at such dates as mutually agreed upon between the Company
and the Subscribers (each such date, a &ldquo;<B><I>Funding Date</I></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">Payment
for Subscription.</FONT></B> Each Subscriber agrees that the Subscription Amount to the Company for the amount of the Subscriber&rsquo;s
Subscription is to be made upon the Initial Closing (as defined below) and on each additional Closing (as defined below), by check
or by wire transfer to an account designated by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"><B>1