SEC Contract Filing

Filing Date: 2019-04-02

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">SECURITIES
PURCHASE AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">by
and between</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">GLASSBRIDGE
ENTERPRISES, INC.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">and</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">IMN
CAPITAL HOLDINGS INC.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-weight: normal">dated
as of March 31, 2019</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">securities
PURCHASE AGREEMENT</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES
PURCHASE AGREEMENT (the &ldquo;<U>Agreement</U>&rdquo;), dated as of March 31, 2019, by and between GlassBridge Enterprises, Inc.,
a Delaware corporation and its subsidiaries (&ldquo;<U>Seller</U>&rdquo;), and IMN Capital Holdings Inc., a Delaware corporation
(&ldquo;<U>Purchaser</U>&rdquo;). Capitalized terms used but not otherwise defined herein shall have the meanings set forth in
<U>Section 7.07</U> hereof unless the context clearly provides otherwise.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Seller owns 100% of the issued and outstanding capital stock of Imation Argentina S.A.C.I.F.I., a corporation formed under the
laws of Argentina (&ldquo;<U>Imation Argentina</U>&rdquo;), which as of the date hereof consists of 3,208,107 shares (the &ldquo;<U>Imation
Argentina Shares</U>&rdquo;);</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">WHEREAS,
Seller owns 100% of the issued and outstanding capital stock of Imation Holdings Pte Ltd., a corporation formed under the laws
of Singapore (&ldquo;<U>Imation Singapore</U>&rdquo;), which as of the date hereof consists of 34,400,048 shares (the &ldquo;<U>Imation
Singapore Shares</U>&rdquo;);</FONT></P>

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