{\rtf1\deflang1033\deflangfe1033\margl720\margr720\margt360\margb360{\stylesheet{\fs20\lang1033\snext0 Normal;} {\s1\sb240\keepn{\*\pn \pnlvl1\pndec\pnprev1\pnstart1\pnsp144}\b\f0\fs30\lang1033 \sbasedon0\snext0 heading 1;} {\s2\sb200\keepn{\*\pn \pnlvl2\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs26\lang1033 \sbasedon0\snext0 heading 2;} {\s3\sb180\keepn{\*\pn \pnlvl3\pndec\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 3;} {\s4\sb160\keepn{\*\pn \pnlvl4\pnucltr\pnprev1\pnstart1\pnsp144{\pntxtb.}}\b\f0\fs22\lang1033 \sbasedon0\snext0 heading 4;} {\s5\sb140\keepn{\*\pn \pnlvl5\pncltr\pnprev1\pnstart1\pnsp144}\b\f0\fs20\lang1033 \sbasedon0\snext0 heading 5;} {\s6\tqc\lang1033\sbasedon0\snext6 footer;} {\*\cs16 \additive\super\sbasedon10 footnote reference;} {\*\cs18 \additive\sbasedon10 page number;}} {\fonttbl{\f0\fnil Times New Roman;}{\f1\fnil Courier New}{\f2005\fnil Courier New;}{\f2010\fnil Wingdings;}{\f2020\fnil Webdings;}{\f2\fnil Arial;}{\f3\fnil Arial;}{\f4\fnil LucidaHandwriting;}{\f5\fnil Symbol;}{\f6\fnil Symbol;}{\f7\fnil Ferdsch;}{\f30\fnil Myriad Cn Semibold;}{\f31\fnil Myriad Roman;}{\f50\fnil Courier New;}{\f51\fnil Times New Roman;}{\f52\fnil Arial;}{\f53\fnil Symbol;}{\f54\fnil Wingdings;}{\f55\fnil Wingdings 2;}{\f56\fnil Wingdings 3;}{\f57\fnil Webdings;}{\f58\fnil Arial Narrow;}{\f59\fnil Arial Unicode MS;}{\f60\fnil Cyberbit;}{\f61\fnil Morningstar 1U Light;}{\f62\fnil Calibri;}} {\colortbl;\red0\green0\blue0;\red127\green0\blue0;\red0\green0\blue255;\red127\green127\blue127;\red0\green51\blue153;\red255\green204\blue0;\red255\green255\blue255;\red246\green244\blue236;\red0\green0\blue0;\red153\green153\blue153;\red204\green238\blue255;} {\*\bkmkstart filing_1}{\*\bkmkend filing_1}{\*\bkmkstart doc_1_1}{\*\bkmkend doc_1_1}\par\pard\plain\brdrb\brdrs\cf1\f51\fs20\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb88\cf1\f51\fs36\b\qc UNITED STATES\par\pard\plain\cf1\f51\fs36\b\qc SECURITIES AND EXCHANGE COMMISSION\par\pard\plain\cf1\f51\fs24\b\qc Washington, D.C. 20549\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs36\b\qc FORM 8-K\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs24\b\qc CURRENT REPORT\par\pard\plain\cf1\f51\fs24\b\qc PURSUANT TO SECTION 13 OR 15(d)\par\pard\plain\cf1\f51\fs24\b\qc OF THE SECURITIES EXCHANGE ACT OF 1934\par\pard\plain\sb264\cf1\f51\fs24\b\qc Date of Report (Date of earliest event reported): July\~30, 2018\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs48\b\qc TherapeuticsMD, Inc.\par\pard\plain\cf1\f51\fs20\b\qc (Exact Name of Registrant as Specified in its Charter)\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx3671\clvertalb\cellx3779\clvertalc\cellx7235\clvertalb\cellx7342\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx3671\clvertalb\cellx3779\clvertalc\cellx7235\clvertalb\cellx7342\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx3671\clvertalb\cellx3779\cellx7235\clvertalb\cellx7342\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\qc Nevada\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 001-00100\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\qc 87-0233535\cell{ {\trowd\cellx3671\clvertalb\cellx3779\cellx7235\clvertalb\cellx7342\cellx10800\trrh248\row}}} {\trowd\cellx3671\clvertalb\cellx3779\cellx7235\clvertalb\cellx7342\cellx10800\trrh418 \pard\plain\intbl\cf1\f51\fs16\b\qc (State or Other\par\pard\plain\intbl\sa22\cf1\f51\fs16\b\qc Jurisdiction of Incorporation)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc (Commission\par\pard\plain\intbl\sa22\cf1\f51\fs16\b\qc File Number)\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc (IRS Employer\par\pard\plain\intbl\sa22\cf1\f51\fs16\b\qc Identification No.)\cell{ {\trowd\cellx3671\clvertalb\cellx3779\cellx7235\clvertalb\cellx7342\cellx10800\trrh418\row}}}\pard\plain\sb264\cf1\f51\fs20\b\qc 6800 Broken Sound Parkway NW, Third Floor\par\pard\plain\cf1\f51\fs20\b\qc Boca Raton, FL 33487\par\pard\plain\cf1\f51\fs16\b\qc (Address of Principal Executive Office) (Zip Code)\par\pard\plain\sb264\cf1\f51\fs20\b\qc Registrant\u8217?s telephone number, including area code: (561) 961-1900\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\ql Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the\plain\cf1\f51\fs20\ql registrant under any of the following provisions:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx664\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs20\ql Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)\cell{ {\trowd\cellx664\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx664\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs20\ql Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)\cell{ {\trowd\cellx664\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx664\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs20\ql Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))\cell{ {\trowd\cellx664\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\cellx664\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \u9744?\cell\pard\plain\intbl\cf1\f51\fs20\ql Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))\cell{ {\trowd\cellx664\cellx10800\trrh248\row}}}\pard\plain\sb264\cf1\f51\fs20\ql Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of\plain\cf1\f51\fs20\ql 1933 (\u167? 230-405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (\u167?240.12b-2 of this chapter).\par\pard\plain\sb264\cf1\f51\fs20\ql Emerging growth company\~\~\u9744?\par\pard\plain\sb264\cf1\f51\fs20\ql If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for\plain\cf1\f51\fs20\ql complying with any new or revised financial accounting standards provided pursuant to Section\~13(a) of the Exchange Act.\plain\cf1\f51\fs20\ql \u9744?\par\pard\plain\cf1\f51\fs20\ql \~\par\pard\plain\brdrb\brdrs\cf1\f51\fs20\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~ \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}{\*\bkmkstart item_1_26_1}{\*\bkmkend item_1_26_1}\par\pard\plain\cf1\f51\fs20\b\ql Item\~1.01. Entry into a Material Definitive Agreement.\par\pard\plain\sb132\cf1\f51\fs20\b\i\ql License Agreement with the Population Council\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql On July\~30, 2018, TherapeuticsMD, Inc., a Nevada corporation (the \u8220?\plain\cf1\f51\fs20\ul\ql Company\plain\cf1\f51\fs20\ql \u8221?), entered into an exclusive\plain\cf1\f51\fs20\ql license agreement (the \u8220?\plain\cf1\f51\fs20\ul\ql Council License Agreement\plain\cf1\f51\fs20\ql \u8221?) with the Population Council to commercialize in the United\plain\cf1\f51\fs20\ql States (\u8220?\plain\cf1\f51\fs20\ul\ql U.S.\plain\cf1\f51\fs20\ql \u8221?) the Population Council\u8217?s investigational segesterone acetate/ethinyl estradiol one-year vaginal\plain\cf1\f51\fs20\ql system for contraception. The one-year vaginal contraceptive system is in the shape of a ring and combines a novel progestin,\plain\cf1\f51\fs20\ql segesterone acetate (Nestorone\plain\cf1\f51\fs18\ql\super \u174?\plain\cf1\f51\fs20\ql ), with a widely used estrogen (ethinyl estradiol) to prevent ovulation for an entire year (13\plain\cf1\f51\fs20\ql cycles).\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The new drug application (\u8220?\plain\cf1\f51\fs20\ul\ql NDA\plain\cf1\f51\fs20\ql \u8221?) for the one-year vaginal contraceptive system is currently under review by\plain\cf1\f51\fs20\ql the U.S. Food and Drug Administration (the \u8220?\plain\cf1\f51\fs20\ul\ql FDA\plain\cf1\f51\fs20\ql \u8221?) and has a Prescription Drug User Fee Act\plain\cf1\f51\fs20\ql (\u8220?\plain\cf1\f51\fs20\ul\ql PDUFA\plain\cf1\f51\fs20\ql \u8221?) target action date for the completion of the FDA\u8217?s review of the NDA of August\~17, 2018.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Under the terms of the Council License Agreement, the Company is required to pay the Population Council milestone\plain\cf1\f51\fs20\ql payments of $20\~million within 30 days following approval by the FDA of the NDA for the one-year vaginal contraceptive\plain\cf1\f51\fs20\ql system and $20\~million within 30 days following the release of the first commercial batch of the one-year vaginal contraceptive\plain\cf1\f51\fs20\ql system.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql However, if a complete response letter or continuance of greater than 90 days is received by the Population Council with\plain\cf1\f51\fs20\ql respect to the one-year vaginal contraceptive system or the one-year vaginal contraceptive system is approved with additional\plain\cf1\f51\fs20\ql post-marketing requirements or commitments in excess of $1\~million, beyond the post-approval studies that may be required by\plain\cf1\f51\fs20\ql the FDA noted below, then the Company or the Population Council may terminate the Council License Agreement, provided that\plain\cf1\f51\fs20\ql the Company cannot agree with the Population Council on a strategy to address such issues. If the one-year vaginal\plain\cf1\f51\fs20\ql contraceptive system is approved with a shelf life of less than 18 months of stability or is not approved as a \u8220?new\plain\cf1\f51\fs20\ql chemical entity\u8221? that is entitled to five years regulatory exclusivity in the U.S., then the Company may terminate the\plain\cf1\f51\fs20\ql Council License Agreement.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Company is required to pay the Population Council milestone payments of $40\~million upon cumulative net sales of the\plain\cf1\f51\fs20\ql one-year vaginal contraceptive system in the U.S. by the Company and its affiliates and permitted sublicensees of $200\~million,\plain\cf1\f51\fs20\ql $400\~million and $1\~billion.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql In addition, the Company is required to pay the Population Council, on a quarterly basis, step-based royalty payments based\plain\cf1\f51\fs20\ql on annual net sales of the one-year vaginal contraceptive system in the U.S. by the Company and its affiliates and permitted\plain\cf1\f51\fs20\ql licensees as follows: (i)\~if annual net sales are less than or equal to $50\~million, a royalty of 5% of net sales; (ii)\~for annual net\plain\cf1\f51\fs20\ql sales greater than $50\~million and less than or equal to $150\~million, a royalty of 10% of such net sales; and (iii)\~for net sales\plain\cf1\f51\fs20\ql greater than $150\~million, a royalty of 15% of such net sales. The annual royalty rate will be reduced to 50% of the initial rate\plain\cf1\f51\fs20\ql during the six-month period beginning on the date of the first arms-length commercial sale of a generic equivalent of the\plain\cf1\f51\fs20\ql one-year vaginal contraceptive system that is launched by a third party in the U.S., and thereafter will be reduced to 20% of the\plain\cf1\f51\fs20\ql initial rate.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Population Council has agreed to perform and pay the costs and expenses associated with four post-approval studies\plain\cf1\f51\fs20\ql that may be required by the FDA for the one-year vaginal contraceptive system. The Company has agreed to perform and pay\plain\cf1\f51\fs20\ql the costs and expenses associated with a post-approval study that may be required by the FDA to measure risk for venous\plain\cf1\f51\fs20\ql thromboembolism, provided that if the costs and expenses associated with such post-approval study exceed $20\~million, half of\plain\cf1\f51\fs20\ql such excess will be offset against royalties or other payments owed by the Company to the Population Council under the Council\plain\cf1\f51\fs20\ql License Agreement.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Company and the Population Council have agreed to form a joint product committee responsible for overseeing\plain\cf1\f51\fs20\ql activities under the Council License Agreement. The Company will be responsible for all aspects of promotion, product\plain\cf1\f51\fs20\ql positioning, pricing, education programs, publications, sales messages and any additional desired clinical studies for the one-year\plain\cf1\f51\fs20\ql vaginal contraceptive system, subject to oversight and decisions made by the joint product committee. \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\fi462\cf1\f51\fs20\li432\ql Unless earlier terminated, the Council License Agreement will remain in effect until the later of the expiration of the\plain\cf1\f51\fs20\ql last-to-expire of the Population Council\u8217?s U.S. patents that are licensed to the Company under the Council License\plain\cf1\f51\fs20\ql Agreement, or the date following such expiration that follows a continuous period of six months during which the Company and\plain\cf1\f51\fs20\ql its affiliates have not made a commercial sale of the one-year vaginal contraceptive system in the U.S. The Council License\plain\cf1\f51\fs20\ql Agreement may also be terminated for certain breach and bankruptcy-related events and by the Company on 180 days prior\plain\cf1\f51\fs20\ql notice to the Population Council.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql As part of the Council License Agreement, the Company has the exclusive right to negotiate co-development and U.S.\plain\cf1\f51\fs20\ql marketing rights for two other investigational vaginal contraceptive systems in development by the Population Council: a\plain\cf1\f51\fs20\ql three-month contraceptive ring using Nestorone plus bio-identical estradiol, which is currently in phase 2 clinical trials; and a\plain\cf1\f51\fs20\ql new one-year contraceptive ring using Nestorone plus ethinyl estradiol, which is designed as a life cycle management product for\plain\cf1\f51\fs20\ql the one-year vaginal contraceptive system that the Company has licensed.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql Amendment to Credit Agreement\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql Also on July\~30, 2018, the Company entered into Amendment No.\~1 (the \u8220?\plain\cf1\f51\fs20\ul\ql Amendment\plain\cf1\f51\fs20\ql \u8221?) to that certain Credit\plain\cf1\f51\fs20\ql and Security Agreement (the \u8220?\plain\cf1\f51\fs20\ul\ql Credit Agreement\plain\cf1\f51\fs20\ql \u8221?), by and among the Company, as borrower, the Company\u8217?s\plain\cf1\f51\fs20\ql subsidiaries party thereto from time to time, each as a borrower, MidCap Financial Trust, as agent and as lender, and the\plain\cf1\f51\fs20\ql additional lenders party thereto from time to time, in order to permit the Company\u8217?s entry into the Council License\plain\cf1\f51\fs20\ql Agreement. As part of the Amendment, the Company is required to receive aggregate net cash proceeds of at least $75\~million\plain\cf1\f51\fs20\ql from the issuance of the Company\u8217?s equity securities within thirty days of entering into the Council License Agreement.\plain\cf1\f51\fs20\ql Failure to complete this obligation will constitute an automatic event of default under the Credit Agreement.\par\pard\plain\sb396\cf1\f51\fs20\b\i\ql Underwriting Agreement\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql On August\~1, 2018, the Company entered into an underwriting agreement (the \u8220?\plain\cf1\f51\fs20\ul\ql Underwriting Agreement\plain\cf1\f51\fs20\ql \u8221?)\plain\cf1\f51\fs20\ql with Goldman Sachs\~& Co. LLC, as representative of the underwriters named in Schedule I to the Underwriting Agreement\plain\cf1\f51\fs20\ql (collectively, the \u8220?\plain\cf1\f51\fs20\ul\ql Underwriters\plain\cf1\f51\fs20\ql \u8221?), relating to an underwritten public offering of 12,745,098 shares of the\plain\cf1\f51\fs20\ql Company\u8217?s common stock, par value $0.001 per share (\u8220?\plain\cf1\f51\fs20\ul\ql Common Stock\plain\cf1\f51\fs20\ql \u8221?). Pursuant to the Underwriting\plain\cf1\f51\fs20\ql Agreement, the Company granted to the Underwriters an option, exercisable for a period of 30 days, to purchase up to 1,911,764\plain\cf1\f51\fs20\ql additional shares of Common Stock to cover sales by the Underwriters of a number of shares of Common Stock greater than\plain\cf1\f51\fs20\ql 12,745,098. On August 2, 2018, the Underwriters exercised the foregoing option in full. The net proceeds to the Company from\plain\cf1\f51\fs20\ql the offering, including the exercise of the option to purchase additional shares, are expected to be approximately $70.0 million,\plain\cf1\f51\fs20\ql after deducting the underwriting discount and estimated offering expenses payable by the Company. The offering is expected to\plain\cf1\f51\fs20\ql close on August 6, 2018.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The offering is being made pursuant to the Company\u8217?s automatically effective shelf registration statement on Form\plain\cf1\f51\fs20\ql S-3 (Registration No.\~333-226452) previously filed with the Securities and Exchange Commission (the\plain\cf1\f51\fs20\ql \u8220?\plain\cf1\f51\fs20\ul\ql Commission\plain\cf1\f51\fs20\ql \u8221?), including the prospectus dated July\~31, 2018, as supplemented by a preliminary prospectus\plain\cf1\f51\fs20\ql supplement filed with the Commission on July\~31, 2018 and a final prospectus supplement filed with the Commission on\plain\cf1\f51\fs20\ql August\~2, 2018.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Underwriting Agreement contains representations, warranties and covenants of the Company that are customary for\plain\cf1\f51\fs20\ql transactions of this type and customary conditions to closing. Additionally, the Company has agreed to provide the Underwriters\plain\cf1\f51\fs20\ql with customary indemnification rights under the Underwriting Agreement. The foregoing description of the Underwriting\plain\cf1\f51\fs20\ql Agreement is qualified in its entirety by reference to the complete text of the Underwriting Agreement, a copy of which is filed\plain\cf1\f51\fs20\ql as Exhibit 1.1 to this Current Report on Form 8-K and is incorporated herein by reference. A copy of the opinion of Greenberg\plain\cf1\f51\fs20\ql Traurig, LLP regarding the validity of the shares of Common Stock issued in the offering is filed as Exhibit 5.1 to this Current\plain\cf1\f51\fs20\ql Report on Form 8-K. \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}{\*\bkmkstart item_1_46_1}{\*\bkmkend item_1_46_1}\par\pard\plain\cf1\f51\fs20\b\ql Item\~8.01. Other Events.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql On July\~30, 2018, the Company entered into a license and supply agreement (the \u8220?\plain\cf1\f51\fs20\ul\ql Knight License\plain\cf1\f51\fs20\ul\ql Agreement\plain\cf1\f51\fs20\ql \u8221?) with Knight Therapeutics Inc. (\u8220?\plain\cf1\f51\fs20\ul\ql Knight\plain\cf1\f51\fs20\ql \u8221?), pursuant to which the Company granted Knight an\plain\cf1\f51\fs20\ql exclusive license to commercialize TX-004HR, the Company\u8217?s FDA-approved product, marketed as Imvexxy\u8482?\plain\cf1\f51\fs20\ql (estradiol vaginal inserts) in the U.S., for the treatment of moderate-to-severe dyspareunia (vaginal pain associated with sexual\plain\cf1\f51\fs20\ql activity), a symptom of vulvar and vaginal atrophy (VVA), due to menopause, and TX-001HR, the Company\u8217?s\plain\cf1\f51\fs20\ql investigational bio-identical hormone therapy combination of estradiol and progesterone in a single, oral softgel for the treatment\plain\cf1\f51\fs20\ql of moderate-to-severe vasomotor symptoms due to menopause, in Canada and Israel.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Pursuant to the terms of the Knight License Agreement, Knight will pay the Company a milestone fee upon first regulatory\plain\cf1\f51\fs20\ql approval in Canada of each of IMVEXXY\u8482? and TX-001HR, sales milestone fees based upon certain aggregate annual\plain\cf1\f51\fs20\ql sales in Canada and Israel of each of IMVEXXY\u8482? and TX-001HR and royalties based on aggregate annual sales of each\plain\cf1\f51\fs20\ql of IMVEXXY\u8482? and TX-001HR in Canada and Israel. Knight will be responsible for all regulatory and commercial\plain\cf1\f51\fs20\ql activities in Canada and Israel related to IMVEXXY\u8482? and TX-001HR.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Company may terminate the Knight License Agreement if Knight does not submit all regulatory applications,\plain\cf1\f51\fs20\ql submissions and/or registrations required for regulatory approval to use and commercialize IMVEXXY\u8482? and TX-001HR in\plain\cf1\f51\fs20\ql Canada and Israel within certain specified time periods. The Company also may terminate the Knight License Agreement if\plain\cf1\f51\fs20\ql Knight challenges the Company\u8217?s patents. Either party may terminate the Knight License Agreement for any material\plain\cf1\f51\fs20\ql breach by the other party that is not cured within certain specified time periods or if the other party files for bankruptcy or other\plain\cf1\f51\fs20\ql related matters.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql In connection with the Knight License Agreement, Knight entered into a subscription agreement (the \u8220?\plain\cf1\f51\fs20\ul\ql Subscription\plain\cf1\f51\fs20\ul\ql Agreement\plain\cf1\f51\fs20\ql \u8221?) with the Company pursuant to which Knight agreed to purchase from the Company $20\~million of shares of\plain\cf1\f51\fs20\ql Common Stock concurrently with the closing of the Company\u8217?s first underwritten public offering of Common Stock to\plain\cf1\f51\fs20\ql occur within 60 days following the date of the Knight License Agreement with gross proceeds to the Company of not less than\plain\cf1\f51\fs20\ql $50\~million, at a price per share equal to the price per share to the public in such underwritten public offering. In the event that\plain\cf1\f51\fs20\ql such underwritten public offering does not close, Knight will, in lieu of such $20\~million investment, pay the Company a\plain\cf1\f51\fs20\ql previously negotiated upfront license fee. An uncured breach of the Subscription Agreement by Knight will give the Company\plain\cf1\f51\fs20\ql the right to terminate the Knight License Agreement.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Knight is effecting its $20\~million purchase of Common Stock pursuant to the Company\u8217?s registered direct offering to\plain\cf1\f51\fs20\ql Knight under to the Company\u8217?s effective shelf registration statement on Form S-3 (Registration No.\~333-207837)\plain\cf1\f51\fs20\ql previously filed with the Commission, including the prospectus dated November\~17, 2015, as supplemented by a preliminary\plain\cf1\f51\fs20\ql prospectus supplement filed with the Commission on July\~31, 2018 and a final prospectus supplement filed with the Commission\plain\cf1\f51\fs20\ql on August\~2, 2018 (the \u8220?\plain\cf1\f51\fs20\ul\ql Registered Direct Offering\plain\cf1\f51\fs20\ql \u8221?). The Registered Direct Offering is expected to close on\plain\cf1\f51\fs20\ql August\~6, 2018. A copy of the opinion of Greenberg Traurig, LLP regarding the validity of the shares of Common Stock issued\plain\cf1\f51\fs20\ql in the Registered Direct Offering is filed as Exhibit 5.2 to this Current Report on Form 8-K.{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}{\*\bkmkstart item_1_47_1}{\*\bkmkend item_1_47_1}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Item\~9.01. Financial Statements and Exhibits.\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\i\ql Exhibits.\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx608\clvertalb\cellx1134\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalb\cellx1134\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx608\clvertalb\cellx1134\clvertalb\cellx10800\trrh464 \pard\plain\intbl\cf1\f51\fs16\b\qc Exhibit\par\pard\plain\intbl\brdrb\brdrs\sa22\cf1\f51\fs16\b\qc Number\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\brdrb\brdrs\cf1\f51\fs16\b\qc Description\cell{ {\trowd\clvertalb\cellx608\clvertalb\cellx1134\clvertalb\cellx10800\trrh464\row}}} {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\~1.1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_2" }{\*\fldrslt\cf3\f51\fs20\ql Underwriting Agreement, dated August\~1, 2018, by and between the Company and Goldman Sachs\~& Co. LLC, as}}\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_2" }{\*\fldrslt\cf3\f51\fs20\ql representative of the several underwriters named therein}}\cell{ {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh495\row}}} {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\~5.1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_3" }{\*\fldrslt\cf3\f51\fs20\ql Opinion of Greenberg Traurig, LLP (re: Commission File No.\~333-226452)}}\cell{ {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\~5.2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_4" }{\*\fldrslt\cf3\f51\fs20\ql Opinion of Greenberg Traurig, LLP (re: Commission File No.\~333-207837)}}\cell{ {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql 23.1\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_3" }{\*\fldrslt\cf3\f51\fs20\ql Consent of Greenberg Traurig, LLP (set forth in Exhibit 5.1)}}\cell{ {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248\row}}} {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx608\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql 23.2\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_4" }{\*\fldrslt\cf3\f51\fs20\ql Consent of Greenberg Traurig, LLP (set forth in Exhibit 5.2)}}\cell{ {\trowd\cellx608\clvertalb\cellx1134\cellx10800\trrh248\row}}} \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par{\*\bkmkstart part_1_2_4}{\*\bkmkend part_1_2_4}\pard\plain\cf1\f51\fs20\b\qc SIGNATURES\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed\plain\cf1\f51\fs20\ql on its behalf by the undersigned hereunto duly authorized.\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4720\clvertalb\cellx4824\clvertalc\cellx5447\clvertalb\cellx6070\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4720\clvertalb\cellx4824\clvertalc\cellx5447\clvertalb\cellx6070\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx4720\clvertalb\cellx4824\cellx10798\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Date: August\~3, 2018\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql THERAPEUTICSMD, INC.\cell{ {\trowd\cellx4720\clvertalb\cellx4824\cellx10798\trrh248\row}}} {\trowd\clvertalc\cellx4720\clvertalc\cellx5448\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4720\clvertalc\cellx5448\clvertalc\cellx10799\trrh66\row}}} {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh309 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql By:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\brdrb\brdrs\sa22\cf1\f51\fs20\ql /s/ Daniel A. Cartwright\cell{ {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh309\row}}} {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Name:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Daniel A. Cartwright\cell{ {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh248\row}}} {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Title:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer\cell{ {\trowd\cellx4720\clvertalb\cellx4824\cellx5447\clvertalb\cellx6070\cellx10800\trrh248\row}}} \page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2}\pard\plain\cf1\f51\fs20\b\qr Exhibit 1.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc TherapeuticsMD, Inc.\par\pard\plain\sb264\cf1\f51\fs20\b\qc Common Stock\par\pard\plain\cf1\f51\fs24\ql \~\par\pard\plain\brdrb\brdrs\sa44\cf1\f51\fs20\ql \~\par\pard\plain\sb264\cf1\f51\fs20\b\ul\qc Underwriting Agreement\par\pard\plain\sb264\cf1\f51\fs20\qr August\~1, 2018\par\pard\plain\sb264\cf1\f51\fs20\ql Goldman Sachs\~& Co. LLC\par\pard\plain\fi462\cf1\f51\fs20\ql As representative of the several Underwriters\par\pard\plain\fi462\cf1\f51\fs20\ql named in Schedule I hereto,\par\pard\plain\sb264\cf1\f51\fs20\ql c/o Goldman Sachs\~& Co. LLC\par\pard\plain\cf1\f51\fs20\ql 200 West Street\par\pard\plain\cf1\f51\fs20\ql New York, NY 10282-2198\par\pard\plain\sb264\cf1\f51\fs20\ql Ladies and Gentlemen:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql TherapeuticsMD, Inc., a Nevada corporation (the \u8220?Company\u8221?), proposes, subject to the terms and conditions\plain\cf1\f51\fs20\ql stated in this Underwriting Agreement (this \u8220?Agreement\u8221?), to issue and sell to the Underwriters named in Schedule\plain\cf1\f51\fs20\ql I hereto (the \u8220?Underwriters\u8221?) for whom Goldman Sachs\~& Co. LLC is acting as representative (the\plain\cf1\f51\fs20\ql \u8220?Representative\u8221?, \u8220?you\u8221? or \u8220?your\u8221?), an aggregate of 12,745,098 shares (the \u8220?Firm\plain\cf1\f51\fs20\ql Shares\u8221?) and, at the election of the Underwriters, up to 1,911,764 additional shares (the \u8220?Optional Shares\u8221?) of\plain\cf1\f51\fs20\ql Common Stock, par value $0.001 per share (\u8220?Stock\u8221?) of the Company (the Firm Shares and the Optional Shares\plain\cf1\f51\fs20\ql that the Underwriters elect to purchase pursuant to Section\~2 hereof being collectively called the \u8220?Shares\u8221?).\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 1. The Company represents and warrants to, and agrees with, each of the Underwriters that:\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (a) An \u8220?automatic shelf registration statement\u8221? as defined under Rule 405 under the Securities Act of\plain\li88\cf1\f51\fs20\ql 1933, as amended (the \u8220?Act\u8221?), on Form S-3 (File No.\~333-226452) in respect of the Shares has been filed\plain\li88\cf1\f51\fs20\ql with the Securities and Exchange Commission (the \u8220?Commission\u8221?) not earlier than three years prior to the date\plain\li88\cf1\f51\fs20\ql hereof; such registration statement, and any post-effective amendment thereto, became effective on filing; and no stop order\plain\li88\cf1\f51\fs20\ql suspending the effectiveness of such registration statement or any part thereof has been issued and no proceeding for that\plain\li88\cf1\f51\fs20\ql purpose has been initiated or threatened by the Commission, and no notice of objection of the Commission to the use of\plain\li88\cf1\f51\fs20\ql such registration statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act has been\plain\li88\cf1\f51\fs20\ql received by the\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 1 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql Company (the base prospectus filed as part of such registration statement, in the form in which it has most recently been\plain\li88\cf1\f51\fs20\ql filed with the Commission on or prior to the date of this Agreement, is hereinafter called the \u8220?Basic\plain\li88\cf1\f51\fs20\ql Prospectus\u8221?; any preliminary prospectus (including any preliminary prospectus supplement) relating to the Shares\plain\li88\cf1\f51\fs20\ql filed with the Commission pursuant to Rule 424(b) under the Act is hereinafter called a \u8220?Preliminary\plain\li88\cf1\f51\fs20\ql Prospectus\u8221?; the various parts of such registration statement, including all exhibits thereto but excluding Form T-1\plain\li88\cf1\f51\fs20\ql and including any prospectus supplement relating to the Shares that is filed with the Commission and deemed by virtue of\plain\li88\cf1\f51\fs20\ql Rule 430B under the Act to be part of such registration statement, each as amended at the time such part of the registration\plain\li88\cf1\f51\fs20\ql statement became effective, are hereinafter collectively called the \u8220?Registration Statement\u8221?; the Basic\plain\li88\cf1\f51\fs20\ql Prospectus, as amended and supplemented immediately prior to the Applicable Time (as defined in Section\~1(c) hereof), is\plain\li88\cf1\f51\fs20\ql hereinafter called the \u8220?Pricing Prospectus\u8221?; the form of the final prospectus relating to the Shares filed with the\plain\li88\cf1\f51\fs20\ql Commission pursuant to Rule 424(b) under the Act in accordance with Section\~5(a) hereof is hereinafter called the\plain\li88\cf1\f51\fs20\ql \u8220?Prospectus\u8221?; any reference herein to the Basic Prospectus, the Pricing Prospectus, any Preliminary Prospectus\plain\li88\cf1\f51\fs20\ql or the Prospectus shall be deemed to refer to and include the documents incorporated by reference therein pursuant to Item\plain\li88\cf1\f51\fs20\ql 12 of Form S-3 under the Act, as of the date of such prospectus; any reference to any amendment or supplement to the\plain\li88\cf1\f51\fs20\ql Basic Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any post-effective\plain\li88\cf1\f51\fs20\ql amendment to the Registration Statement, any prospectus supplement relating to the Shares filed with the Commission\plain\li88\cf1\f51\fs20\ql pursuant to Rule 424(b) under the Act and any documents filed under the Securities Exchange Act of 1934, as amended (the\plain\li88\cf1\f51\fs20\ql \u8220?Exchange Act\u8221?), and incorporated therein, in each case after the date of the Basic Prospectus, such\plain\li88\cf1\f51\fs20\ql Preliminary Prospectus, or the Prospectus, as the case may be; any reference to any amendment to the Registration\plain\li88\cf1\f51\fs20\ql Statement shall be deemed to refer to and include any annual report of the Company filed pursuant to Section\~13(a) or 15(d)\plain\li88\cf1\f51\fs20\ql of the Exchange Act after the effective date of the Registration Statement that is incorporated by reference in the\plain\li88\cf1\f51\fs20\ql Registration Statement; and any \u8220?issuer free writing prospectus\u8221? as defined in Rule 433 under the Act relating\plain\li88\cf1\f51\fs20\ql to the Shares is hereinafter called an \u8220?Issuer Free Writing Prospectus\u8221?);\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) No order preventing or suspending the use of any Preliminary Prospectus, or any Issuer Free Writing Prospectus,\plain\li88\cf1\f51\fs20\ql has been issued by the Commission, and each Preliminary Prospectus, at the time of filing thereof, conformed in all material\plain\li88\cf1\f51\fs20\ql respects to the requirements of the Act and the rules and regulations of the Commission thereunder, and did not contain an\plain\li88\cf1\f51\fs20\ql untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the\plain\li88\cf1\f51\fs20\ql statements therein, in the light of the circumstances under which they were made, not misleading; provided, however, that\plain\li88\cf1\f51\fs20\ql this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity\plain\li88\cf1\f51\fs20\ql with the Underwriter Information (as defined in Section\~9(b) of this Agreement);\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 2 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (c) For the purposes of this Agreement, the \u8220?Applicable Time\u8221? is 5:30 p.m. (New York City time) on the\plain\li88\cf1\f51\fs20\ql date of this Agreement. The Pricing Prospectus, as supplemented by the information listed on Schedule II(c) hereto, taken\plain\li88\cf1\f51\fs20\ql together (collectively, the \u8220?Pricing Disclosure Package\u8221?), as of the Applicable Time did not include any untrue\plain\li88\cf1\f51\fs20\ql statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light\plain\li88\cf1\f51\fs20\ql of the circumstances under which they were made, not misleading; and each Issuer Free Writing Prospectus does not\plain\li88\cf1\f51\fs20\ql conflict with the information contained in the Registration Statement, the Pricing Prospectus or the Prospectus and each\plain\li88\cf1\f51\fs20\ql Issuer Free Writing Prospectus, as supplemented by and taken together with the Pricing Disclosure Package as of the\plain\li88\cf1\f51\fs20\ql Applicable Time, did not include any untrue statement of a material fact or omit to state any material fact necessary in\plain\li88\cf1\f51\fs20\ql order to make the statements therein, in the light of the circumstances under which they were made, not misleading;\plain\li88\cf1\f51\fs20\ql provided, however, that this representation and warranty shall not apply to statements or omissions made in an Issuer Free\plain\li88\cf1\f51\fs20\ql Writing Prospectus in reliance upon and in conformity with the Underwriter Information;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (d) The documents incorporated by reference in the Pricing Prospectus and Prospectus, when they became effective or\plain\li88\cf1\f51\fs20\ql were filed with the Commission, as the case may be, complied as to form in all material respects to the requirements of the\plain\li88\cf1\f51\fs20\ql Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder, and none of such\plain\li88\cf1\f51\fs20\ql documents contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or\plain\li88\cf1\f51\fs20\ql necessary to make the statements therein not misleading; any further documents so filed and incorporated by reference in the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus and the Prospectus or any further amendment or supplement thereto, when such documents become\plain\li88\cf1\f51\fs20\ql effective or are filed with the Commission, as the case may be, will comply as to form in all material respects to the\plain\li88\cf1\f51\fs20\ql requirements of the Act or the Exchange Act, as applicable, and the rules and regulations of the Commission thereunder and\plain\li88\cf1\f51\fs20\ql will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or\plain\li88\cf1\f51\fs20\ql necessary to make the statements therein not misleading; provided, however, that this representation and warranty shall not\plain\li88\cf1\f51\fs20\ql apply to any statements or omissions made in reliance upon and in conformity with the Underwriter Information; and no\plain\li88\cf1\f51\fs20\ql such documents were filed with the Commission since the Commission\u8217?s close of business on the business day\plain\li88\cf1\f51\fs20\ql immediately prior to the date of this Agreement and prior to the execution of this Agreement, except as set forth on\plain\li88\cf1\f51\fs20\ql Schedule II(c) hereto. There are no contracts or other documents required to be described in the Prospectus or to be filed as\plain\li88\cf1\f51\fs20\ql exhibits to the Registration Statement which have not been described or filed as required.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (e) The Registration Statement complies as to form, and the Prospectus and any further amendments or supplements to\plain\li88\cf1\f51\fs20\ql the Registration Statement and the Prospectus will comply as to form, in all material respects to the requirements of the Act\plain\li88\cf1\f51\fs20\ql and the rules and regulations of the Commission thereunder and do not and will\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 3 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql not, as of the applicable effective date as to each part of the Registration Statement, as of the applicable filing date as to the\plain\li88\cf1\f51\fs20\ql Prospectus and any amendment or supplement thereto contain an untrue statement of a material fact or omit to state a\plain\li88\cf1\f51\fs20\ql material fact required to be stated therein or necessary to make the statements therein not misleading; provided, however,\plain\li88\cf1\f51\fs20\ql that this representation and warranty shall not apply to any statements or omissions made in reliance upon and in conformity\plain\li88\cf1\f51\fs20\ql with the Underwriter Information;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (f) This Agreement has been duly authorized, executed and delivered by the Company.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (g) The Shares have been duly authorized and, when issued and delivered against payment therefor as provided herein,\plain\li88\cf1\f51\fs20\ql will be duly and validly issued and fully paid and nonassessable and will not be subject to any preemptive rights, rights of\plain\li88\cf1\f51\fs20\ql first refusal or other similar rights of the Company or granted by the Company to subscribe for or purchase the Shares.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (h) There are no persons with registration or other similar rights to have any equity or debt securities registered for sale\plain\li88\cf1\f51\fs20\ql under the Registration Statement or included in the offering or sale of the Shares, except for such rights as have been duly\plain\li88\cf1\f51\fs20\ql waived.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (i) Except as otherwise disclosed in the Registration Statement, the Pricing Prospectus and the Prospectus, subsequent\plain\li88\cf1\f51\fs20\ql to the respective dates as of which information is given in the Registration Statement, the Pricing Prospectus and the\plain\li88\cf1\f51\fs20\ql Prospectus: (i)\~there has been no material adverse change, or any development that could reasonably be expected to result in\plain\li88\cf1\f51\fs20\ql a material adverse change, in the condition, financial or otherwise, or in the earnings, business, properties, operations, assets,\plain\li88\cf1\f51\fs20\ql liabilities or prospects, whether or not arising from transactions in the ordinary course of business, of the Company and its\plain\li88\cf1\f51\fs20\ql subsidiaries, considered as one entity (any such change being referred to herein as a \u8220?Material Adverse\plain\li88\cf1\f51\fs20\ql Change\u8221?); (ii) the Company and its subsidiaries, considered as one entity, have not incurred any material liability or\plain\li88\cf1\f51\fs20\ql obligation, indirect, direct or contingent, including without limitation any losses or interference with their business from fire,\plain\li88\cf1\f51\fs20\ql explosion, flood, earthquakes, accident or other calamity, whether or not covered by insurance, or from any strike, labor\plain\li88\cf1\f51\fs20\ql dispute or court or governmental action, order or decree, that is material, individually or in the aggregate, to the Company\plain\li88\cf1\f51\fs20\ql and its subsidiaries, considered as one entity, or entered into any material transactions not in the ordinary course of\plain\li88\cf1\f51\fs20\ql business; and (iii)\~there has not been any material decrease in the capital stock or any material increase in any short-term or\plain\li88\cf1\f51\fs20\ql long-term indebtedness of the Company or its subsidiaries and there has been no dividend or distribution of any kind\plain\li88\cf1\f51\fs20\ql declared, paid or made by the Company or, except for dividends paid to the Company or other subsidiaries, by any of the\plain\li88\cf1\f51\fs20\ql Company\u8217?s subsidiaries on any class of capital stock, or any repurchase or redemption by the Company or any of its\plain\li88\cf1\f51\fs20\ql subsidiaries of any class of capital stock.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 4 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (j) Grant Thornton LLP, who have certified certain financial statements of the Company and its subsidiaries, and have\plain\li88\cf1\f51\fs20\ql audited the Company\u8217?s internal control over financial reporting and management\u8217?s assessment thereof, is (i)\~an\plain\li88\cf1\f51\fs20\ql independent registered public accounting firm as required by the Act, the Exchange Act and the rules of the Public\plain\li88\cf1\f51\fs20\ql Company Accounting Oversight Board (\u8220?PCAOB\u8221?), (ii) in compliance with the applicable requirements\plain\li88\cf1\f51\fs20\ql relating to the qualification of accountants under Rule 2-01 of Regulation S-X under the Act and (iii)\~a registered public\plain\li88\cf1\f51\fs20\ql accounting firm as defined by the PCAOB whose registration has not been suspended or revoked and who has not requested\plain\li88\cf1\f51\fs20\ql such registration to be withdrawn.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (k) The financial statements filed with the Commission as a part of the Registration Statement, the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql and the Prospectus present fairly the consolidated financial position of the Company and its subsidiaries as of the dates\plain\li88\cf1\f51\fs20\ql indicated and the results of their operations, changes in stockholders\u8217? equity and cash flows for the periods specified.\plain\li88\cf1\f51\fs20\ql Such financial statements have been prepared in conformity with accounting principles generally accepted in the United\plain\li88\cf1\f51\fs20\ql States applied on a consistent basis throughout the periods involved, except as may be expressly stated in the related notes\plain\li88\cf1\f51\fs20\ql thereto. The interactive data in eXtensible Business Reporting Language included or incorporated by reference in the\plain\li88\cf1\f51\fs20\ql Registration Statement fairly presents the information called for in all material respects and has been prepared in accordance\plain\li88\cf1\f51\fs20\ql with the Commission\u8217?s rules and guidelines applicable thereto. No other financial statements or supporting schedules\plain\li88\cf1\f51\fs20\ql are required to be included in the Registration Statement, the Pricing Prospectus or the Prospectus. To the Company\u8217?s\plain\li88\cf1\f51\fs20\ql knowledge, no person who has been suspended or barred from being associated with a registered public accounting firm, or\plain\li88\cf1\f51\fs20\ql who has failed to comply with any sanction pursuant to Rule 5300 promulgated by the PCAOB, has participated in or\plain\li88\cf1\f51\fs20\ql otherwise aided the preparation of, or audited, the financial statements, supporting schedules or other financial data filed\plain\li88\cf1\f51\fs20\ql with the Commission as a part of the Registration Statement, the Pricing Prospectus and the Prospectus.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (l) The Company and each of its subsidiaries make and keep accurate books and records and maintain a system of\plain\li88\cf1\f51\fs20\ql internal accounting controls sufficient to provide reasonable assurance that: (i)\~transactions are executed in accordance with\plain\li88\cf1\f51\fs20\ql management\u8217?s general or specific authorization; (ii)\~transactions are recorded as necessary to permit preparation of\plain\li88\cf1\f51\fs20\ql financial statements in conformity with generally accepted accounting principles and to maintain accountability for assets;\plain\li88\cf1\f51\fs20\ql (iii)\~access to assets is permitted only in accordance with management\u8217?s general or specific authorization; (iv)\~the\plain\li88\cf1\f51\fs20\ql recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken\plain\li88\cf1\f51\fs20\ql with respect to any differences; and (v)\~the interactive data in eXtensible Business Reporting Language included or\plain\li88\cf1\f51\fs20\ql incorporated by reference in the Registration Statement, the Pricing Prospectus and the Prospectus fairly presents the\plain\li88\cf1\f51\fs20\ql information called for in all material respects and is prepared in accordance with the Commission\u8217?s rules and\plain\li88\cf1\f51\fs20\ql guidelines applicable thereto.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 5 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (m) The Company has established and maintains disclosure controls and procedures (as defined in Rules 13a-15 and\plain\li88\cf1\f51\fs20\ql 15d-15 under the Exchange Act), which (i)\~are designed to ensure that material information relating to the Company,\plain\li88\cf1\f51\fs20\ql including its consolidated subsidiaries, is made known to the Company\u8217?s principal executive officer and its principal\plain\li88\cf1\f51\fs20\ql financial officer by others within those entities, particularly during the periods in which the periodic reports required under\plain\li88\cf1\f51\fs20\ql the Exchange Act are being prepared; (ii)\~have been evaluated by management of the Company for effectiveness as of the\plain\li88\cf1\f51\fs20\ql end of the Company\u8217?s most recent fiscal quarter; and (iii)\~are effective in all material respects to perform the\plain\li88\cf1\f51\fs20\ql functions for which they were established as of the end of the Company\u8217?s most recent fiscal quarter. Since\plain\li88\cf1\f51\fs20\ql December\~31, 2017, there have been no significant deficiencies or material weakness in the Company\u8217?s internal\plain\li88\cf1\f51\fs20\ql control over financial reporting (whether or not remediated) and no change in the Company\u8217?s internal control over\plain\li88\cf1\f51\fs20\ql financial reporting that has materially affected, or is reasonably likely to materially affect, the Company\u8217?s internal\plain\li88\cf1\f51\fs20\ql control over financial reporting. The Company is not aware of any change in its internal control over financial reporting that\plain\li88\cf1\f51\fs20\ql has occurred during its most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the\plain\li88\cf1\f51\fs20\ql Company\u8217?s internal control over financial reporting.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (n) The Company has been duly incorporated and is validly existing as a corporation in good standing under the laws\plain\li88\cf1\f51\fs20\ql of the jurisdiction of its incorporation and has the corporate power and authority to own, lease and operate its properties and\plain\li88\cf1\f51\fs20\ql to conduct its business as described in the Registration Statement, the Pricing Prospectus and the Prospectus and to enter\plain\li88\cf1\f51\fs20\ql into and perform its obligations under this Agreement. The Company is duly qualified as a foreign corporation to transact\plain\li88\cf1\f51\fs20\ql business and is in good standing in the State of Florida and each other jurisdiction in which such qualification is required,\plain\li88\cf1\f51\fs20\ql whether by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so\plain\li88\cf1\f51\fs20\ql qualified or in good standing could not reasonably be expected, individually or in the aggregate, to have a Material Adverse\plain\li88\cf1\f51\fs20\ql Effect (as defined below).\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (o) Each of the Company\u8217?s \u8220?subsidiaries\u8221? (for purposes of this Agreement, as defined in Rule 405\plain\li88\cf1\f51\fs20\ql under the Act) has been duly incorporated or organized, as the case may be, and is validly existing as a corporation,\plain\li88\cf1\f51\fs20\ql partnership or limited liability company, as applicable, in good standing under the laws of the jurisdiction of its\plain\li88\cf1\f51\fs20\ql incorporation or organization and has the power and authority (corporate or other) to own, lease and operate its properties\plain\li88\cf1\f51\fs20\ql and to conduct its business as described in the Registration Statement, the Pricing Prospectus and the Prospectus. Each of\plain\li88\cf1\f51\fs20\ql the Company\u8217?s subsidiaries is duly qualified as a foreign corporation, partnership or limited liability company, as\plain\li88\cf1\f51\fs20\ql applicable, to transact business and is in good standing in each jurisdiction in which such qualification is required, whether\plain\li88\cf1\f51\fs20\ql by reason of the ownership or leasing of property or the conduct of business, except where the failure to be so qualified or\plain\li88\cf1\f51\fs20\ql in good standing could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. All\plain\li88\cf1\f51\fs20\ql of the issued and outstanding capital\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 6 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql stock or other equity or ownership interests of each of the Company\u8217?s subsidiaries have been duly authorized and\plain\li88\cf1\f51\fs20\ql validly issued, are fully paid and nonassessable and are owned by the Company, directly or through subsidiaries, free and\plain\li88\cf1\f51\fs20\ql clear of any security interest, mortgage, pledge, lien, encumbrance or adverse claim. The Company does not own or control,\plain\li88\cf1\f51\fs20\ql directly or indirectly, any corporation, association or other entity other than vitaMedMD, LLC, a Delaware limited liability\plain\li88\cf1\f51\fs20\ql company, BocaGreenMD, Inc., a Nevada corporation, and Vitacare Prescription Services, Inc., a Florida corporation.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (p) The authorized, issued and outstanding capital stock of the Company is as set forth in the Registration Statement,\plain\li88\cf1\f51\fs20\ql the Pricing Prospectus and the Prospectus (other than for subsequent issuances, if any, pursuant to employee benefit plans,\plain\li88\cf1\f51\fs20\ql or upon the exercise of outstanding options or warrants, in each case described in the Registration Statement, the Pricing\plain\li88\cf1\f51\fs20\ql Prospectus and the Prospectus). The Shares conform in all material respects to the description thereof contained in the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus. All of the issued and outstanding capital stock of the Company have been duly authorized and validly\plain\li88\cf1\f51\fs20\ql issued, are fully paid and nonassessable and have been issued in compliance with all federal and state securities laws. None\plain\li88\cf1\f51\fs20\ql of the outstanding shares of capital stock of the Company was issued in violation of any preemptive rights, rights of first\plain\li88\cf1\f51\fs20\ql refusal or other similar rights to subscribe for or purchase securities of the Company. There are no authorized or outstanding\plain\li88\cf1\f51\fs20\ql options, warrants, preemptive rights, rights of first refusal or other rights to purchase, or equity or debt securities convertible\plain\li88\cf1\f51\fs20\ql into or exchangeable or exercisable for, any capital stock of the Company or any of its subsidiaries other than those\plain\li88\cf1\f51\fs20\ql described in the Registration Statement, the Pricing Prospectus and the Prospectus. The descriptions of the\plain\li88\cf1\f51\fs20\ql Company\u8217?s stock option, stock bonus and other stock plans or arrangements, and the options or other rights granted\plain\li88\cf1\f51\fs20\ql thereunder, set forth in the Registration Statement, the Pricing Prospectus and the Prospectus accurately and fairly present\plain\li88\cf1\f51\fs20\ql the information required to be shown with respect to such plans, arrangements, options and rights.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (q) The Stock is registered pursuant to Section\~12(b) or 12(g) of the Exchange Act and is listed on the NASDAQ\plain\li88\cf1\f51\fs20\ql Global Select Market (the \u8220?NASDAQ\u8221?), and the Company has taken no action designed to, or likely to have\plain\li88\cf1\f51\fs20\ql the effect of, terminating the registration of the Stock under the Exchange Act or delisting the Stock from the NASDAQ,\plain\li88\cf1\f51\fs20\ql nor has the Company received any notification that the Commission or the NASDAQ is contemplating terminating such\plain\li88\cf1\f51\fs20\ql registration or listing. The Company has complied in all material respects with the applicable listing requirements of the\plain\li88\cf1\f51\fs20\ql NASDAQ.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (r) Neither the Company nor any of its subsidiaries is in violation of its charter or by-laws, partnership agreement or\plain\li88\cf1\f51\fs20\ql operating agreement or similar organizational documents, as applicable, or is in default (or, with the giving of notice or\plain\li88\cf1\f51\fs20\ql lapse of time, would be in default) (\u8220?Default\u8221?) under any indenture, loan, credit agreement, note, lease, license\plain\li88\cf1\f51\fs20\ql agreement, contract, franchise or other instrument\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 7 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql (including, without limitation, any pledge agreement, security agreement, mortgage or other instrument or agreement\plain\li88\cf1\f51\fs20\ql evidencing, guaranteeing, securing or relating to indebtedness) to which the Company or any of its subsidiaries is a party or\plain\li88\cf1\f51\fs20\ql by which it or any of them may be bound, or to which any of their respective properties or assets are subject (each, an\plain\li88\cf1\f51\fs20\ql \u8220?Existing Instrument\u8221?), except for such Defaults as would not reasonably be expected, individually or in the\plain\li88\cf1\f51\fs20\ql aggregate, to have a material adverse effect on the condition (financial or other), earnings, business, properties, operations,\plain\li88\cf1\f51\fs20\ql assets, liabilities or prospects of the Company and its subsidiaries, considered as one entity (a \u8220?Material Adverse\plain\li88\cf1\f51\fs20\ql Effect\u8221?). The Company\u8217?s execution, delivery and performance of this Agreement, consummation of the\plain\li88\cf1\f51\fs20\ql transactions contemplated hereby and by the Registration Statement, the Pricing Prospectus and the Prospectus and sale of\plain\li88\cf1\f51\fs20\ql the Shares (i)\~have been duly authorized by all necessary corporate action and will not result in any violation of the\plain\li88\cf1\f51\fs20\ql provisions of the charter or by-laws, partnership agreement or operating agreement or similar organizational documents, as\plain\li88\cf1\f51\fs20\ql applicable, of the Company or any subsidiary, (ii)\~will not conflict with or constitute a breach of, or Default or a Debt\plain\li88\cf1\f51\fs20\ql Repayment Triggering Event (as defined below) under, or result in the creation or imposition of any lien, charge or\plain\li88\cf1\f51\fs20\ql encumbrance upon any property or assets of the Company or any of its subsidiaries pursuant to, or require the consent of\plain\li88\cf1\f51\fs20\ql any other party to, any Existing Instrument, except as could not be expected, individually or in the aggregate, to have a\plain\li88\cf1\f51\fs20\ql Material Adverse Effect, and (iii)\~will not result in any violation of any law, administrative regulation or administrative or\plain\li88\cf1\f51\fs20\ql court decree applicable to the Company or any of its subsidiaries. No consent, approval, authorization or other order of, or\plain\li88\cf1\f51\fs20\ql registration or filing with, any court or other governmental or regulatory authority or agency, is required for the\plain\li88\cf1\f51\fs20\ql Company\u8217?s execution, delivery and performance of this Agreement and consummation of the transactions\plain\li88\cf1\f51\fs20\ql contemplated hereby and by the Registration Statement, the Pricing Prospectus and the Prospectus, except such as have been\plain\li88\cf1\f51\fs20\ql obtained or made by the Company and are in full force and effect under the Act and such as may be required under\plain\li88\cf1\f51\fs20\ql applicable state securities or blue sky laws or FINRA. As used herein, a \u8220?Debt Repayment Triggering Event\u8221?\plain\li88\cf1\f51\fs20\ql means any event or condition which gives, or with the giving of notice or lapse of time would give, the holder of any note,\plain\li88\cf1\f51\fs20\ql debenture or other evidence of indebtedness (or any person acting on such holder\u8217?s behalf) the right to require the\plain\li88\cf1\f51\fs20\ql repurchase, redemption or repayment of all or a portion of such indebtedness by the Company or any of its subsidiaries.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (s) Except where failure to be so in compliance would not reasonably be expected, individually or in the aggregate, to\plain\li88\cf1\f51\fs20\ql have a Material Adverse Effect, (i)\~the Company and its subsidiaries and, to the knowledge of the Company, its respective\plain\li88\cf1\f51\fs20\ql directors, officers, employees and agents, have been and are in compliance with all applicable laws, rules and regulations,\plain\li88\cf1\f51\fs20\ql including, without limitation: the Federal Food, Drug and Cosmetic Act and implementing regulations applicable to the\plain\li88\cf1\f51\fs20\ql Company and its subsidiaries relating to the ownership, testing, development, manufacture, packaging, processing, use,\plain\li88\cf1\f51\fs20\ql distribution, marketing, labeling, promotion, sale, offer for sale, storage, import, export or disposal of any product\plain\li88\cf1\f51\fs20\ql manufactured or distributed by\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 8 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql or on behalf of the Company; the federal Anti-kickback Statute (42 U.S.C. \u167? 1320a-7b(b)), the Anti-Inducement Law\plain\li88\cf1\f51\fs20\ql (42 U.S.C. \u167? 1320a-7a(a)(5)), the civil False Claims Act (31 U.S.C. \u167?\u167? 3729 et seq.), the administrative\plain\li88\cf1\f51\fs20\ql False Claims Law (42 U.S.C. \u167? 1320a-7b(a)), the federal Physician Payment Sunshine Act (42 U.S.C.\plain\li88\cf1\f51\fs20\ql Section\~1320a-7h), the applicable provisions of the Health Insurance Portability and Accountability Act of 1996 (42 U.S.C.\plain\li88\cf1\f51\fs20\ql \u167? 1320d et seq.), as amended by the Health Information Technology for Economic and Clinical Health Act (42 U.S.C.\plain\li88\cf1\f51\fs20\ql \u167?\u167? 17921 et seq.), the exclusion laws (42 U.S.C. \u167? 1320a-7), the Medicare program (Title XVIII of the\plain\li88\cf1\f51\fs20\ql Social Security Act), the Medicaid program (Title XIX of the Social Security Act), the regulations promulgated pursuant to\plain\li88\cf1\f51\fs20\ql such laws, and any other similar local, state or federal law, each as amended from time to time; and (ii)\~the Company\plain\li88\cf1\f51\fs20\ql maintains a compliance program of the type described in the U.S. Department of Health and Human Services Office of\plain\li88\cf1\f51\fs20\ql Inspector General Compliance Program Guidance for Pharmaceutical Manufacturers (May 5, 2003) and the Pharmaceutical\plain\li88\cf1\f51\fs20\ql Research and Manufacturers of America and has conducted its operations in accordance with its compliance program in all\plain\li88\cf1\f51\fs20\ql material respects and in compliance with the laws and regulations described in (i)\~of this Section.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (t) Except as otherwise disclosed in the Registration Statement, the Pricing Prospectus and the Prospectus, there is no\plain\li88\cf1\f51\fs20\ql action, suit, proceeding, inquiry or investigation brought by or before any governmental entity now pending or, to the\plain\li88\cf1\f51\fs20\ql knowledge of the Company, threatened, against or affecting the Company or any of its subsidiaries, which could reasonably\plain\li88\cf1\f51\fs20\ql be expected, individually or in the aggregate, to have a Material Adverse Effect or materially and adversely affect the\plain\li88\cf1\f51\fs20\ql consummation of the transactions contemplated by this Agreement or the performance by the Company of its obligations\plain\li88\cf1\f51\fs20\ql hereunder; and the aggregate of all pending legal or governmental proceedings to which the Company or any such\plain\li88\cf1\f51\fs20\ql subsidiary is a party or of which any of their respective properties or assets is the subject, including ordinary routine\plain\li88\cf1\f51\fs20\ql litigation incidental to the business, if determined adversely to the Company, could not reasonably be expected to have a\plain\li88\cf1\f51\fs20\ql Material Adverse Effect. None of the Company or any of its subsidiaries is a party to or has any ongoing reporting\plain\li88\cf1\f51\fs20\ql obligations pursuant to any corporate integrity agreement, deferred prosecution agreement, monitoring agreement, consent\plain\li88\cf1\f51\fs20\ql decree, settlement order, plan of correction or similar agreement imposed by any governmental authority. No material labor\plain\li88\cf1\f51\fs20\ql dispute with the employees of the Company or any of its subsidiaries, or with the employees of any principal supplier,\plain\li88\cf1\f51\fs20\ql manufacturer, customer or contractor of the Company or any of its subsidiaries, exists or, to the knowledge of the Company,\plain\li88\cf1\f51\fs20\ql is threatened or imminent.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (u) Except as disclosed in the Registration Statement, the Pricing Prospectus and the Prospectus, the Company and its\plain\li88\cf1\f51\fs20\ql subsidiaries own, or have obtained valid and enforceable licenses for, the inventions, patent applications, patents,\plain\li88\cf1\f51\fs20\ql trademarks, trade names, service names, copyrights, trade secrets and other intellectual property described in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Pricing Prospectus and the Prospectus as being owned or licensed by them or which are necessary for\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 9 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql the conduct of their respective businesses as currently conducted or as currently proposed to be conducted (collectively,\plain\li88\cf1\f51\fs20\ql \u8220?Intellectual Property\u8221?). Except as disclosed in the Registration Statement, the Pricing Prospectus and the\plain\li88\cf1\f51\fs20\ql Prospectus, the Company has not granted to any third party any rights or licenses under the Intellectual Property other than\plain\li88\cf1\f51\fs20\ql non-exclusive licenses granted in the ordinary course of business. Except as disclosed in the Registration Statement, the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus and the Prospectus, there are no liens or security interests in the Intellectual Property. To the\plain\li88\cf1\f51\fs20\ql Company\u8217?s knowledge: (i)\~there is no material infringement by third parties of any Intellectual Property and the\plain\li88\cf1\f51\fs20\ql Company is unaware of the occurrence of any event that with notice or the passage of time would constitute a material\plain\li88\cf1\f51\fs20\ql infringement of any Intellectual Property; and (ii)\~except as disclosed in the Registration Statement, the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql and the Prospectus, there is no material infringement by the Company or its subsidiaries of any patent, trademark, trade\plain\li88\cf1\f51\fs20\ql name, service name, copyright, trade secret or other proprietary rights of others and the Company is unaware of the\plain\li88\cf1\f51\fs20\ql occurrence of any event that with notice or the passage of time would constitute material infringement. Except as disclosed\plain\li88\cf1\f51\fs20\ql in the Registration Statement, the Pricing Prospectus and the Prospectus, there is no material pending or, to the\plain\li88\cf1\f51\fs20\ql Company\u8217?s knowledge, threatened action, suit, proceeding or claim by others: (A)\~challenging the Company\u8217?s\plain\li88\cf1\f51\fs20\ql rights in or to any Intellectual Property, and the Company is unaware of any facts which would form a reasonable basis for\plain\li88\cf1\f51\fs20\ql any such action, suit, proceeding or claim; (B)\~challenging the validity, enforceability or scope of any Intellectual Property,\plain\li88\cf1\f51\fs20\ql and the Company is unaware of any facts which would form a reasonable basis for any such action, suit, proceeding or\plain\li88\cf1\f51\fs20\ql claim; or (C)\~asserting that the Company or any of its subsidiaries infringes or otherwise violates, or would, upon the\plain\li88\cf1\f51\fs20\ql commercialization of any product or service described in the Registration Statement, the Pricing Prospectus or the\plain\li88\cf1\f51\fs20\ql Prospectus as under development, infringe or violate, any patent, trademark, trade name, service name, copyright, trade\plain\li88\cf1\f51\fs20\ql secret or other proprietary rights of others, and the Company is unaware of any facts which would form a reasonable basis\plain\li88\cf1\f51\fs20\ql for any such action, suit, proceeding or claim. The Company and its subsidiaries have complied with the terms of each\plain\li88\cf1\f51\fs20\ql agreement pursuant to which Intellectual Property has been licensed to the Company or any subsidiary, and all such\plain\li88\cf1\f51\fs20\ql agreements are in full force and effect. No Intellectual Property has been obtained or is being used by the Company or its\plain\li88\cf1\f51\fs20\ql subsidiaries in violation of any contractual obligations binding on the Company or in violation of any contractual rights of\plain\li88\cf1\f51\fs20\ql the Company\u8217?s employees. Except as disclosed in the Registration Statement, the Pricing Prospectus and the\plain\li88\cf1\f51\fs20\ql Prospectus, the product candidate referred to as TX-001HR, the product candidate referred to as the one-year vaginal\plain\li88\cf1\f51\fs20\ql contraceptive system and the product referred to as TX-004HR or IMVEXXY and described in the Registration Statement,\plain\li88\cf1\f51\fs20\ql the Pricing Prospectus and the Prospectus as under development, or developed, by the Company or any subsidiary fall\plain\li88\cf1\f51\fs20\ql within the scope of the claims of one or more patents owned by, or exclusively licensed with respect to commercialization\plain\li88\cf1\f51\fs20\ql in the U.S. to, the Company or any subsidiary, and the product candidates referred to as TX-002HR or TX-003HR and\plain\li88\cf1\f51\fs20\ql described in the Registration Statement, the Pricing Prospectus and the Prospectus as\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 10 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql under development by the Company or any subsidiary fall within the scope of the claims of one or more patents or patent\plain\li88\cf1\f51\fs20\ql applications owned by, or exclusively licensed to, the Company or any subsidiary. To the Company\u8217?s knowledge,\plain\li88\cf1\f51\fs20\ql (x)\~all patent applications and patents within the Intellectual Property have been diligently prosecuted and no person having\plain\li88\cf1\f51\fs20\ql a duty of candor to the United States Patent Office with respect to the prosecution of such patent applications and patents\plain\li88\cf1\f51\fs20\ql has breached such duty, and (y)\~there is no material defect in such prosecution that would preclude the issuance of patents\plain\li88\cf1\f51\fs20\ql with respect to such patent applications or that would render any such issued patents invalid or unenforceable.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (v) The Company and its subsidiaries possess such material certificates, approvals, clearances, authorizations or\plain\li88\cf1\f51\fs20\ql permits, and all supplements or amendments thereto, required by state, federal or foreign regulatory agencies or bodies\plain\li88\cf1\f51\fs20\ql (\u8220?Regulatory Agencies\u8221?) to conduct their respective businesses as currently conducted and as described in the\plain\li88\cf1\f51\fs20\ql Registration Statement, the Pricing Prospectus or the Prospectus (\u8220?Permits\u8221?). Neither the Company nor any of\plain\li88\cf1\f51\fs20\ql its subsidiaries is in violation of, or in default under, any Permit or has received any notice of proceedings relating to the\plain\li88\cf1\f51\fs20\ql revocation or modification of, or non-compliance with, any such Permit. The Company and its subsidiaries have fulfilled\plain\li88\cf1\f51\fs20\ql and performed all of their obligations with respect to the Permits and, to the Company\u8217?s and its subsidiaries\u8217?\plain\li88\cf1\f51\fs20\ql knowledge, no event has occurred which allows, or after notice or lapse of time would allow, revocation or termination\plain\li88\cf1\f51\fs20\ql thereof or results in any other material impairment of the rights of the holder of any Permit. All such Permits are in full\plain\li88\cf1\f51\fs20\ql force and effect. The Company and, to the Company\u8217?s knowledge, its subsidiaries have each operated and currently\plain\li88\cf1\f51\fs20\ql are in compliance in all material respects with all applicable laws, rules, regulations and policies of the Regulatory\plain\li88\cf1\f51\fs20\ql Agencies. Neither the Company nor any of its subsidiaries has received any FDA Form 483, notice of adverse finding,\plain\li88\cf1\f51\fs20\ql \u8220?dear doctor\u8221? letter, recall, field notification, field correction, market withdrawal or replacement, safety letter,\plain\li88\cf1\f51\fs20\ql warning letter, untitled letter or other correspondence or notice from any other Regulatory Agency alleging or asserting\plain\li88\cf1\f51\fs20\ql noncompliance with any applicable laws or any Permit. The Company and its subsidiaries, and, to the Company\u8217?s\plain\li88\cf1\f51\fs20\ql knowledge, any person acting on behalf of or for the Company, have submitted all applications, notifications, submissions,\plain\li88\cf1\f51\fs20\ql information, claims, reports and statistics, filings, and other data and conclusions derived therefrom (collectively, the\plain\li88\cf1\f51\fs20\ql \u8220?Submissions\u8221?) to the FDA or other Regulatory Agencies as required for the conduct of their respective\plain\li88\cf1\f51\fs20\ql businesses as currently conducted, and all such Submissions, when submitted to the FDA or other Regulatory Agency were\plain\li88\cf1\f51\fs20\ql true, complete and correct in all material respects as of the date of submission, and any necessary or required updates,\plain\li88\cf1\f51\fs20\ql changes, corrections or modification to such Submissions have been submitted to the FDA or other Regulatory Agency. The\plain\li88\cf1\f51\fs20\ql claims for the Company\u8217?s and its subsidiaries\u8217? products as disclosed in the Registration Statement, the Pricing\plain\li88\cf1\f51\fs20\ql Prospectus and the Prospectus comply in all material respects with applicable law, and are supported by valid and proper\plain\li88\cf1\f51\fs20\ql research, design, testing, analysis and disclosure.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 11 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (w) (i) To the knowledge of the Company, the preclinical tests and clinical trials that are described in, or the results of\plain\li88\cf1\f51\fs20\ql which are referred to in, the Registration Statement, the Pricing Prospectus or the Prospectus were and, if still pending, are\plain\li88\cf1\f51\fs20\ql being conducted in all material respects in accordance with the protocols established for each such preclinical test or clinical\plain\li88\cf1\f51\fs20\ql trial and all applicable laws, rules, and regulations of the Regulatory Agencies, including, without limitation, 21 C.F.R. Parts\plain\li88\cf1\f51\fs20\ql 50, 54, 56, 58 and 312; (ii) each description of the results of such preclinical tests and clinical trials is accurate and\plain\li88\cf1\f51\fs20\ql complete in all material respects and fairly presents the data derived from such preclinical tests and clinical trials, and the\plain\li88\cf1\f51\fs20\ql Company and its subsidiaries have no knowledge of any other preclinical tests and clinical trials the results of which are\plain\li88\cf1\f51\fs20\ql inconsistent with, or otherwise call into question, the results described or referred to in the Registration Statement, the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus or the Prospectus; and (iii)\~neither the Company nor any of its subsidiaries has received any notice of, or\plain\li88\cf1\f51\fs20\ql correspondence from, any Regulatory Agency requiring the termination, suspension or material modification of any\plain\li88\cf1\f51\fs20\ql preclinical tests or clinical trials that are, or whose results of which are, described or referred to in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Pricing Prospectus or the Prospectus.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (x) None of the Company, its subsidiaries nor, to the knowledge of the Company, any of its respective officers,\plain\li88\cf1\f51\fs20\ql directors or managing employees (as defined in 42 U.S.C. \u167? 1320a-5(b)), or any person acting on behalf of or for the\plain\li88\cf1\f51\fs20\ql Company, is or has been excluded, suspended or debarred from participation in any state or federal health care program\plain\li88\cf1\f51\fs20\ql pursuant to 42 U.S.C. \u167? 1320a\u8211?7, or made subject to any pending or, to the Company\u8217?s knowledge,\plain\li88\cf1\f51\fs20\ql threatened or contemplated action which could reasonably be expected to result in such exclusion, suspension or debarment.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (y) The Company and its subsidiaries have good and marketable title to all of the real and personal property and other\plain\li88\cf1\f51\fs20\ql assets reflected as owned in the financial statements referred to in Section\~1(k) above (or elsewhere in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Pricing Prospectus or the Prospectus), in each case free and clear of any security interests, mortgages, liens,\plain\li88\cf1\f51\fs20\ql encumbrances, equities, adverse claims and other defects, except for those described in the Registration Statement, the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus or the Prospectus, or such as could not reasonably be expected, individually or in the aggregate, to have\plain\li88\cf1\f51\fs20\ql a Material Adverse Effect. The real property, improvements, equipment and personal property held under lease by the\plain\li88\cf1\f51\fs20\ql Company or any of its subsidiaries are held under valid and enforceable leases, with such exceptions as are not material and\plain\li88\cf1\f51\fs20\ql do not materially interfere with the use made or proposed to be made of such real property, improvements, equipment or\plain\li88\cf1\f51\fs20\ql personal property by the Company or such subsidiary.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (z) The Company and its subsidiaries have filed all federal, state, local and foreign tax returns required to be filed or\plain\li88\cf1\f51\fs20\ql have properly requested extensions thereof, and all such tax returns are true, complete and accurate in all material respects.\plain\li88\cf1\f51\fs20\ql The Company and its subsidiaries have paid all taxes required to be paid by any of them\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 12 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql and, if due and payable, any related or similar assessment, fine or penalty levied against any of them except as may be\plain\li88\cf1\f51\fs20\ql being contested in good faith and by appropriate proceedings. The Company and its subsidiaries have made adequate\plain\li88\cf1\f51\fs20\ql charges, accruals and reserves in the applicable financial statements referred to in Section\~1(k) above in respect of all\plain\li88\cf1\f51\fs20\ql federal, state, local and foreign taxes not yet due and payable in accordance with U.S. generally accepted accounting\plain\li88\cf1\f51\fs20\ql principles, and neither the Company nor any of its subsidiaries has received written notice of any actual or proposed\plain\li88\cf1\f51\fs20\ql additional material tax assessment from a tax authority of any jurisdiction.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (aa) Each of the Company and its subsidiaries is insured by recognized, financially sound and reputable institutions\plain\li88\cf1\f51\fs20\ql with policies in such amounts and with such deductibles and covering such risks as are generally deemed adequate and\plain\li88\cf1\f51\fs20\ql customary for their businesses including, but not limited to, policies covering real and personal property owned or leased by\plain\li88\cf1\f51\fs20\ql the Company and its subsidiaries against theft, damage, destruction, acts of vandalism and earthquakes and policies covering\plain\li88\cf1\f51\fs20\ql the Company and its subsidiaries for product liability claims and clinical trial liability claims. The Company has no reason\plain\li88\cf1\f51\fs20\ql to believe that it or any of its subsidiaries will not be able (i)\~to renew its existing insurance coverage as and when such\plain\li88\cf1\f51\fs20\ql policies expire or (ii)\~to obtain comparable coverage from similar institutions as may be necessary or appropriate to conduct\plain\li88\cf1\f51\fs20\ql its business as now conducted and at a cost that could not be expected to have a Material Adverse Effect. Neither the\plain\li88\cf1\f51\fs20\ql Company nor any of its subsidiaries has been denied any insurance coverage which it has sought or for which it has\plain\li88\cf1\f51\fs20\ql applied.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (bb) Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect:\plain\li88\cf1\f51\fs20\ql (i)\~neither the Company nor any of its subsidiaries is in violation of any federal, state, local or foreign statute, law, rule,\plain\li88\cf1\f51\fs20\ql regulation, ordinance, code, policy or rule of common law or any judicial or administrative interpretation thereof, including\plain\li88\cf1\f51\fs20\ql any judicial or administrative order, consent, decree or judgment, relating to pollution or protection of human health, the\plain\li88\cf1\f51\fs20\ql environment (including, without limitation, ambient air, surface water, groundwater, land surface or subsurface strata) or\plain\li88\cf1\f51\fs20\ql wildlife, including, without limitation, laws and regulations relating to the release or threatened release of chemicals,\plain\li88\cf1\f51\fs20\ql pollutants, contaminants, wastes, toxic substances, hazardous substances, petroleum or petroleum products (collectively,\plain\li88\cf1\f51\fs20\ql \u8220?Hazardous Materials\u8221?) or to the manufacture, processing, distribution, use, treatment, storage, disposal,\plain\li88\cf1\f51\fs20\ql transport or handling of Hazardous Materials (collectively, \u8220?Environmental Laws\u8221?); (ii) the Company and its\plain\li88\cf1\f51\fs20\ql subsidiaries have all permits, authorizations and approvals required under any applicable Environmental Laws and are each\plain\li88\cf1\f51\fs20\ql in compliance with their requirements; (iii)\~there are no pending or threatened administrative, regulatory or judicial actions,\plain\li88\cf1\f51\fs20\ql suits, demands, demand letters, claims, liens, notices of noncompliance or violation, investigations or proceedings relating to\plain\li88\cf1\f51\fs20\ql any Environmental Law against the Company or any of its subsidiaries; and (iv)\~there are no events or circumstances that\plain\li88\cf1\f51\fs20\ql might\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 13 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql reasonably be expected to form the basis of an order for clean-up or remediation, or an action, suit or proceeding by any\plain\li88\cf1\f51\fs20\ql private party or governmental body or agency, against or affecting the Company or any of its subsidiaries relating to\plain\li88\cf1\f51\fs20\ql Hazardous Materials or any Environmental Laws.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (cc) In the ordinary course of its business, the Company conducts, from time to time, a review reasonable in light of\plain\li88\cf1\f51\fs20\ql the Company\u8217?s business of the effect of Environmental Laws on the business, operations and properties of the\plain\li88\cf1\f51\fs20\ql Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including,\plain\li88\cf1\f51\fs20\ql without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with\plain\li88\cf1\f51\fs20\ql Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential\plain\li88\cf1\f51\fs20\ql liabilities to third parties). No facts or circumstances have come to the Company\u8217?s attention that could result in costs\plain\li88\cf1\f51\fs20\ql or liabilities due to the violation of any Environmental Laws that could be expected, individually or in the aggregate, to\plain\li88\cf1\f51\fs20\ql have a Material Adverse Effect.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (dd) The Company and its subsidiaries and any \u8220?employee benefit plan\u8221? (as defined under the Employee\plain\li88\cf1\f51\fs20\ql Retirement Income Security Act of 1974, as amended, and the regulations and published interpretations thereunder\plain\li88\cf1\f51\fs20\ql (collectively, \u8220?ERISA\u8221?)) established or maintained by the Company, its subsidiaries or their ERISA Affiliates\plain\li88\cf1\f51\fs20\ql (as defined below) are in compliance in all material respects with ERISA. \u8220?ERISA Affiliate\u8221? means, with\plain\li88\cf1\f51\fs20\ql respect to the Company or any of its subsidiaries, any member of any group of organizations described in Sections 414(b),\plain\li88\cf1\f51\fs20\ql (c), (m) or (o)\~of the Internal Revenue Code of 1986, as amended, and the regulations and published interpretations\plain\li88\cf1\f51\fs20\ql thereunder (the \u8220?Code\u8221?) of which the Company or such subsidiary is a member. No \u8220?reportable\plain\li88\cf1\f51\fs20\ql event\u8221? (as defined under ERISA) has occurred or is reasonably expected to occur with respect to any\plain\li88\cf1\f51\fs20\ql \u8220?employee benefit plan\u8221? established or maintained by the Company, its subsidiaries or any of their ERISA\plain\li88\cf1\f51\fs20\ql Affiliates. No \u8220?employee benefit plan\u8221? established or maintained by the Company, its subsidiaries or any of\plain\li88\cf1\f51\fs20\ql their ERISA Affiliates, if such \u8220?employee benefit plan\u8221? were terminated, would have any \u8220?amount of\plain\li88\cf1\f51\fs20\ql unfunded benefit liabilities\u8221? (as defined under ERISA). Neither the Company, its subsidiaries nor any of their ERISA\plain\li88\cf1\f51\fs20\ql Affiliates has incurred or reasonably expects to incur any liability under (i)\~Title IV of ERISA with respect to termination\plain\li88\cf1\f51\fs20\ql of, or withdrawal from, any \u8220?employee benefit plan\u8221? or (ii)\~Sections 412, 4971, 4975 or 4980B of the Code.\plain\li88\cf1\f51\fs20\ql Each employee benefit plan established or maintained by the Company, its subsidiaries or any of their ERISA Affiliates that\plain\li88\cf1\f51\fs20\ql is intended to be qualified under Section\~401(a) of the Code is so qualified and nothing has occurred, whether by action or\plain\li88\cf1\f51\fs20\ql failure to act, which could reasonably be expected to result in cause the loss of such qualification.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (ee) The Company is not, and will not be, either after receipt of payment for the Shares or after the application of the\plain\li88\cf1\f51\fs20\ql proceeds therefrom as described under \u8220?Use of Proceeds\u8221? in the Registration Statement, the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql or the Prospectus, required to register as an \u8220?investment company\u8221? under the Investment Company Act of\plain\li88\cf1\f51\fs20\ql 1940, as amended.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 14 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (ff) Neither the Company nor any of its subsidiaries has taken, directly or indirectly, any action designed to or that\plain\li88\cf1\f51\fs20\ql might reasonably be expected to cause or result in stabilization or manipulation of the price of the Shares or of any\plain\li88\cf1\f51\fs20\ql \u8220?reference security\u8221? (as defined in Rule 100 of Regulation M under the Exchange Act (\u8220?Regulation\plain\li88\cf1\f51\fs20\ql M\u8221?)) with respect to the Stock, whether to facilitate the sale or resale of the Shares or otherwise, and has taken no\plain\li88\cf1\f51\fs20\ql action which would directly or indirectly violate Regulation M.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (gg) There are no business relationships or related-party transactions involving the Company or any of its subsidiaries\plain\li88\cf1\f51\fs20\ql or any other person who is a related party (as defined in Rule 404 of Regulation S-K) required to be described in the\plain\li88\cf1\f51\fs20\ql Registration Statement, the Pricing Prospectus or the Prospectus that have not been described as required.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (hh) The Company and the Company\u8217?s directors and officers, in their capacities as such, are in compliance with\plain\li88\cf1\f51\fs20\ql all applicable provisions of the Sarbanes-Oxley Act and the rules and regulations of the Commission thereunder.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (ii) All of the information provided to the Underwriters or to counsel for the Underwriters by the Company, its\plain\li88\cf1\f51\fs20\ql counsel, its officers and directors and the holders of any securities (debt or equity) or options to acquire any securities of\plain\li88\cf1\f51\fs20\ql the Company in connection with the offering of the Shares is true, complete, correct and compliant with FINRA\u8217?s\plain\li88\cf1\f51\fs20\ql rules, and any letters, filings or other supplemental information provided to FINRA pursuant to FINRA\u8217?s rules is\plain\li88\cf1\f51\fs20\ql true, complete and correct.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (jj) The Company has furnished to the Representative on behalf of the Underwriters a letter agreement in the form\plain\li88\cf1\f51\fs20\ql attached hereto as Annex I from each of the persons listed on Annex II and a letter agreement in the form attached hereto\plain\li88\cf1\f51\fs20\ql as Annex III from Knight Therapeutics Inc., a Canadian company (\u8220?Knight\u8221?) (collectively, the\plain\li88\cf1\f51\fs20\ql \u8220?Lock-up Agreements\u8221?). Such Annex II lists under an appropriate caption the directors and executive officers\plain\li88\cf1\f51\fs20\ql of the Company. If any additional persons shall become directors or executive officers of the Company prior to the end of\plain\li88\cf1\f51\fs20\ql the Company Lock-up Period (as defined below), the Company shall cause each such person, prior to or contemporaneously\plain\li88\cf1\f51\fs20\ql with their appointment or election as a director or executive officer of the Company, to execute and deliver to the\plain\li88\cf1\f51\fs20\ql Representative on behalf of the Underwriters a Lock-up Agreement.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (kk) All statistical, demographic and market-related data included in the Registration Statement, the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql or the Prospectus are based on or derived from sources that the Company believes, after reasonable inquiry, to be reliable\plain\li88\cf1\f51\fs20\ql and accurate. To the extent required, the Company has obtained the written consent of such sources for the use of such data.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 15 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (ll) Neither the Company nor any of its subsidiaries nor, to the best of the Company\u8217?s knowledge, any employee\plain\li88\cf1\f51\fs20\ql or agent of the Company or any subsidiary, has made any contribution or other payment to any official of, or candidate for,\plain\li88\cf1\f51\fs20\ql any federal, state or foreign office in violation of any law or of the character required to be disclosed in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Pricing Prospectus or the Prospectus.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (mm) Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, any director, officer,\plain\li88\cf1\f51\fs20\ql agent, employee, affiliate or other person acting on behalf of the Company or any of its subsidiaries has, in the course of its\plain\li88\cf1\f51\fs20\ql actions for, or on behalf of, the Company or any of its subsidiaries (i)\~used any corporate funds for any unlawful\plain\li88\cf1\f51\fs20\ql contribution, gift, entertainment or other unlawful expenses relating to political activity; (ii)\~made any direct or indirect\plain\li88\cf1\f51\fs20\ql unlawful payment to any domestic government official, \u8220?foreign official\u8221? (as defined in the U.S. Foreign\plain\li88\cf1\f51\fs20\ql Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (collectively, the \u8220?FCPA\u8221?)\plain\li88\cf1\f51\fs20\ql or employee from corporate funds; (iii)\~violated or is in violation of any provision of the FCPA or any applicable non-U.S.\plain\li88\cf1\f51\fs20\ql anti-bribery statute or regulation; or (iv)\~made any unlawful bribe, rebate, payoff, influence payment, kickback or other\plain\li88\cf1\f51\fs20\ql unlawful payment to any domestic government official, such foreign official or employee; and the Company and its\plain\li88\cf1\f51\fs20\ql subsidiaries and, to the knowledge of the Company, the Company\u8217?s affiliates have conducted their respective\plain\li88\cf1\f51\fs20\ql businesses in compliance with the FCPA and have instituted and maintain policies and procedures designed to ensure, and\plain\li88\cf1\f51\fs20\ql which are reasonably expected to continue to ensure, continued compliance therewith.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (nn) The operations of the Company and its subsidiaries are, and have been conducted at all times, in compliance with\plain\li88\cf1\f51\fs20\ql applicable financial recordkeeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of\plain\li88\cf1\f51\fs20\ql 1970, as amended, the money laundering statutes of all applicable jurisdictions, the rules and regulations thereunder and any\plain\li88\cf1\f51\fs20\ql related or similar applicable rules, regulations or guidelines, issued, administered or enforced by any governmental agency\plain\li88\cf1\f51\fs20\ql (collectively, the \u8220?Money Laundering Laws\u8221?) and no action, suit or proceeding by or before any court or\plain\li88\cf1\f51\fs20\ql governmental agency, authority or body or any arbitrator involving the Company or any of its subsidiaries with respect to\plain\li88\cf1\f51\fs20\ql the Money Laundering Laws is pending or, to the best knowledge of the Company, threatened.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (oo) Neither the Company nor any of its subsidiaries nor, to the knowledge of the Company, after due inquiry, any\plain\li88\cf1\f51\fs20\ql director, officer, agent, employee, affiliate or person acting on behalf of the Company or any of its subsidiaries is currently\plain\li88\cf1\f51\fs20\ql subject to any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department\plain\li88\cf1\f51\fs20\ql (\u8220?OFAC\u8221?), nor is the Company or any of its subsidiaries located, organized or resident in a country or territory\plain\li88\cf1\f51\fs20\ql that is the subject or target of any U.S. sanctions administered by OFAC; and the Company will not directly or indirectly\plain\li88\cf1\f51\fs20\ql use the proceeds of this offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, or any\plain\li88\cf1\f51\fs20\ql joint venture partner or other person or entity, for\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 16 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql the purpose of financing the activities of or business with any person, or in any country or territory, that currently is subject\plain\li88\cf1\f51\fs20\ql to any U.S. sanctions administered by OFAC or in any other manner that will result in a violation by any person (including\plain\li88\cf1\f51\fs20\ql any person participating in the transaction whether as underwriter, advisor, investor or otherwise) of U.S. sanctions\plain\li88\cf1\f51\fs20\ql administered by OFAC.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (pp) Except pursuant to this Agreement, there is no broker, finder or other party that is entitled to receive from the\plain\li88\cf1\f51\fs20\ql Company any brokerage or finder\u8217?s fee or other fee or commission as a result of any transactions contemplated by\plain\li88\cf1\f51\fs20\ql this Agreement.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (qq) Each financial or operational projection or other \u8220?forward-looking statement\u8221? (as defined by\plain\li88\cf1\f51\fs20\ql Section\~27A of the Act or Section\~21E of the Exchange Act) contained in the Registration Statement, the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql or the Prospectus (i)\~was so included by the Company in good faith and with reasonable basis after due consideration by the\plain\li88\cf1\f51\fs20\ql Company of the underlying assumptions, estimates and other applicable facts and circumstances and (ii)\~is accompanied by\plain\li88\cf1\f51\fs20\ql meaningful cautionary statements identifying those factors that could cause actual results to differ materially from those in\plain\li88\cf1\f51\fs20\ql such forward-looking statement. No such statement was made with the knowledge of an executive officer or director of the\plain\li88\cf1\f51\fs20\ql Company that is was false or misleading.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (rr) Neither the Company nor any of its subsidiaries has sent or received any communication regarding termination of,\plain\li88\cf1\f51\fs20\ql or intent not to renew, any of the contracts or agreements referred to or described in the Pricing Prospectus or the\plain\li88\cf1\f51\fs20\ql Prospectus, or referred to or described in, or filed as an exhibit to, the Registration Statement, or any document incorporated\plain\li88\cf1\f51\fs20\ql by reference therein, and no such termination or non-renewal has been threatened by the Company or any of its subsidiaries\plain\li88\cf1\f51\fs20\ql or, to the Company\u8217?s knowledge, any other party to any such contract or agreement, which threat of termination or\plain\li88\cf1\f51\fs20\ql non-renewal has not been rescinded as of the date hereof, except, in each case, as could not reasonably be expected,\plain\li88\cf1\f51\fs20\ql individually or in the aggregate, to have a Material Adverse Effect.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (ss) Subject to the existence of legally available funds, no subsidiary of the Company is prohibited or restricted,\plain\li88\cf1\f51\fs20\ql directly or indirectly, from paying dividends to the Company, or from making any other distribution with respect to such\plain\li88\cf1\f51\fs20\ql subsidiary\u8217?s equity securities or from repaying to the Company or any other subsidiary of the Company any amounts\plain\li88\cf1\f51\fs20\ql that may from time to time become due under any loans or advances to such subsidiary from the Company or from\plain\li88\cf1\f51\fs20\ql transferring any property or assets to the Company or to any other subsidiary.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (tt) There are no outstanding loans, advances (except normal advances for business expenses in the ordinary course of\plain\li88\cf1\f51\fs20\ql business) or guarantees of indebtedness by the Company to or for the benefit of any of the officers or directors of the\plain\li88\cf1\f51\fs20\ql Company.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 17 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (uu) To enable the Underwriters to rely on FINRA Rule 5110(b)(7)(C)(i), (i) the Company was subject to the\plain\li88\cf1\f51\fs20\ql requirements of Section\~12 or 15(d) of the Exchange Act and filed all the material required to be filed pursuant to Sections\plain\li88\cf1\f51\fs20\ql 13, 14 or 15(d) for a period of at least thirty-six calendar months immediately preceding the date of this Agreement; (ii)\~the\plain\li88\cf1\f51\fs20\ql Company filed in a timely manner all reports required to be filed pursuant to Section\~13, 14 or 15(d) of the Exchange Act\plain\li88\cf1\f51\fs20\ql during the twelve calendar months and any portion of a month immediately preceding the date of this Agreement; (iii)\~the\plain\li88\cf1\f51\fs20\ql last reported sale price of the Company\u8217?s common stock on the NASDAQ on August\~1, 2018 was $5.18 per share;\plain\li88\cf1\f51\fs20\ql (iv)\~as of such date, there were greater than 175\~million shares of the Company\u8217?s common stock outstanding and held\plain\li88\cf1\f51\fs20\ql by non-affiliates of the Company; and (v)\~the Company has annual trading volume of 3\~million shares or more.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (vv) (A)\~(i) At the time of filing the Registration Statement, (ii)\~at the time of the most recent amendment thereto for\plain\li88\cf1\f51\fs20\ql the purposes of complying with Section\~10(a)(3) of the Act (whether such amendment was by post-effective amendment,\plain\li88\cf1\f51\fs20\ql incorporated report filed pursuant to Section\~13 or 15(d) of the Exchange Act or form of prospectus), and (iii)\~at the time\plain\li88\cf1\f51\fs20\ql the Company or any person acting on its behalf (within the meaning, for this clause only, of Rule 163(c) under the Act)\plain\li88\cf1\f51\fs20\ql made any offer relating to the Shares in reliance on the exemption of Rule 163 under the Act, the Company was a\plain\li88\cf1\f51\fs20\ql \u8220?well-known seasoned issuer\u8221? as defined in Rule 405 under the Act; and (B)\~at the time of filing the\plain\li88\cf1\f51\fs20\ql Registration Statement and any post-effective amendment thereto, at the earliest time thereafter that the Company or any\plain\li88\cf1\f51\fs20\ql offering participant made a\plain\li88\cf1\f51\fs20\i\ql bona fide\plain\li88\cf1\f51\fs20\ql offer (within the meaning of Rule 164(h)(2) under the Act) of the Shares, and at the\plain\li88\cf1\f51\fs20\ql date hereof, the Company was not and is not an \u8220?ineligible issuer,\u8221? as defined in Rule 405 under the Act.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Any certificate signed by any officer of the Company or any of its subsidiaries and delivered to any Underwriter or to\plain\cf1\f51\fs20\ql counsel for the Underwriters in connection with the offering, or the purchase and sale, of the Shares shall be deemed a\plain\cf1\f51\fs20\ql representation and warranty by the Company to each Underwriter as to the matters covered thereby.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Company has a reasonable basis for making each of the representations set forth in this Section\~1. The Company\plain\cf1\f51\fs20\ql acknowledges that the Underwriters and, for purposes of the opinions to be delivered pursuant to Section\~8 hereof, counsel to the\plain\cf1\f51\fs20\ql Company and counsel to the Underwriters, will rely upon the accuracy and truthfulness of the foregoing representations and\plain\cf1\f51\fs20\ql hereby consents to such reliance.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 2. Subject to the terms and conditions herein set forth, (a)\~the Company agrees to issue and sell to each of the Underwriters,\plain\cf1\f51\fs20\ql and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at a purchase price per share of\plain\cf1\f51\fs20\ql $4.7940, the number of Firm Shares set forth opposite the name of such Underwriter in Schedule I hereto and (b)\~in the event\plain\cf1\f51\fs20\ql and to the extent that the Underwriters shall exercise the election to purchase Optional Shares as provided below, the Company\plain\cf1\f51\fs20\ql agrees to issue and sell to each\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 18 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs20\ql of the Underwriters, and each of the Underwriters agrees, severally and not jointly, to purchase from the Company, at the\plain\cf1\f51\fs20\ql purchase price per share set forth in clause (a)\~of this Section\~2, that portion of the number of Optional Shares as to which such\plain\cf1\f51\fs20\ql election shall have been exercised (to be adjusted by you so as to eliminate fractional shares) determined by multiplying such\plain\cf1\f51\fs20\ql number of Optional Shares by a fraction, the numerator of which is the maximum number of Optional Shares which such\plain\cf1\f51\fs20\ql Underwriter is entitled to purchase as set forth opposite the name of such Underwriter in Schedule I hereto and the denominator\plain\cf1\f51\fs20\ql of which is the maximum number of Optional Shares that all of the Underwriters are entitled to purchase hereunder.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql The Company hereby grants to the Underwriters the right to purchase at their election up to 1,911,764 Optional Shares, at\plain\cf1\f51\fs20\ql the purchase price per share set forth in the paragraph above, for the sole purpose of covering sales of shares in excess of the\plain\cf1\f51\fs20\ql number of Firm Shares, provided that the purchase price per Optional Share shall be reduced by an amount per share equal to\plain\cf1\f51\fs20\ql any dividends or distributions declared by the Company and payable on the Firm Shares but not payable on the Optional Shares.\plain\cf1\f51\fs20\ql Any such election to purchase Optional Shares may be exercised only by written notice from you to the Company, given within a\plain\cf1\f51\fs20\ql period of 30 calendar days after the date of this Agreement, setting forth the aggregate number of Optional Shares to be\plain\cf1\f51\fs20\ql purchased and the date on which such Optional Shares are to be delivered, as determined by you but in no event earlier than the\plain\cf1\f51\fs20\ql First Time of Delivery (as defined in Section\~4 hereof) or, unless you and the Company otherwise agree in writing, earlier than\plain\cf1\f51\fs20\ql two or later than ten business days after the date of such notice.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 3. Upon the authorization by you of the release of the Shares, the several Underwriters propose to offer the Shares for sale\plain\cf1\f51\fs20\ql upon the terms and conditions set forth in the Prospectus.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 4. (a) The Shares to be purchased by each Underwriter hereunder, in definitive or book-entry form, and in such authorized\plain\cf1\f51\fs20\ql denominations and registered in such names as the Representative may request upon at least forty-eight hours\u8217? prior notice\plain\cf1\f51\fs20\ql to the Company, shall be delivered by or on behalf of the Company to the Representative, through the facilities of the Depository\plain\cf1\f51\fs20\ql Trust Company (\u8220?DTC\u8221?), for the account of such Underwriter, against payment by or on behalf of such Underwriter\plain\cf1\f51\fs20\ql of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified by the Company to the\plain\cf1\f51\fs20\ql Representative at least forty-eight hours in advance. The time and date of such delivery and payment shall be, with respect to the\plain\cf1\f51\fs20\ql Firm Shares, 9:30 a.m., New York City time, on August\~6, 2018 or such other time and date as the Representative and the\plain\cf1\f51\fs20\ql Company may agree upon in writing, and, with respect to the Optional Shares, 9:30 a.m., New York City time, on the date\plain\cf1\f51\fs20\ql specified by the Representative in the written notice given by the Representative of the Underwriters\u8217? election to purchase\plain\cf1\f51\fs20\ql such Optional Shares, or such other time and date as the Representative and the Company may agree upon in writing. Such time\plain\cf1\f51\fs20\ql and date for delivery of the Firm Shares is herein called the \u8220?First Time of Delivery\u8221?, such time and date for\plain\cf1\f51\fs20\ql delivery of the Optional Shares, if not the First Time of Delivery, is herein called the \u8220?Second Time of Delivery\u8221?,\plain\cf1\f51\fs20\ql and each such time and date for delivery is herein called a \u8220?Time of Delivery\u8221?.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 19 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (b) The documents to be delivered at each Time of Delivery by or on behalf of the parties hereto pursuant to Section\~8\plain\li88\cf1\f51\fs20\ql hereof, including the cross receipt for the Shares, will be delivered at the offices of Ropes\~& Gray LLP, 800 Boylston\plain\li88\cf1\f51\fs20\ql Street, Prudential Tower, Boston, Massachusetts 02110 (the \u8220?Closing Location\u8221?), and the Shares will be\plain\li88\cf1\f51\fs20\ql delivered at the office of DTC or its designated custodian, all at such Time of Delivery. A meeting will be held at the\plain\li88\cf1\f51\fs20\ql Closing Location at 4:00 p.m., New York City time, on the New York Business Day next preceding such Time of Delivery,\plain\li88\cf1\f51\fs20\ql at which meeting the final drafts of the documents to be delivered pursuant to the preceding sentence will be available for\plain\li88\cf1\f51\fs20\ql review by the parties hereto. For the purposes of this Section\~4, \u8220?New York Business Day\u8221? shall mean each\plain\li88\cf1\f51\fs20\ql Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York are\plain\li88\cf1\f51\fs20\ql generally authorized or obligated by law or executive order to close.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 5. The Company agrees with each of the Underwriters:\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (a) To prepare the Prospectus in a form approved by you and to file such Prospectus pursuant to Rule 424(b) under the\plain\li88\cf1\f51\fs20\ql Act not later than the Commission\u8217?s close of business on the second business day following the date of execution\plain\li88\cf1\f51\fs20\ql and delivery of this Agreement or such earlier time as may be required under the Act; to make no further amendment or\plain\li88\cf1\f51\fs20\ql any supplement to the Registration Statement, the Basic Prospectus or the Prospectus prior to the last Time of Delivery\plain\li88\cf1\f51\fs20\ql which shall be disapproved by you promptly after reasonable notice thereof; to advise you, promptly after it receives notice\plain\li88\cf1\f51\fs20\ql thereof, of the time when any amendment to the Registration Statement has been filed or becomes effective or any\plain\li88\cf1\f51\fs20\ql amendment or supplement to the Prospectus has been filed and to furnish you with copies thereof; to file promptly all other\plain\li88\cf1\f51\fs20\ql material required to be filed by the Company with the Commission pursuant to Rule 433(d) under the Act; to file promptly\plain\li88\cf1\f51\fs20\ql all reports and any definitive proxy or information statements required to be filed by the Company with the Commission\plain\li88\cf1\f51\fs20\ql pursuant to Section\~13(a), 13(c), 14 or 15(d) of the Exchange Act subsequent to the date of the Prospectus and for so long\plain\li88\cf1\f51\fs20\ql as the delivery of a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the Act) is required in\plain\li88\cf1\f51\fs20\ql connection with the offering or sale of the Shares; to advise you, promptly after it receives notice thereof, of the issuance by\plain\li88\cf1\f51\fs20\ql the Commission of any stop order or of any order preventing or suspending the use of any Preliminary Prospectus or other\plain\li88\cf1\f51\fs20\ql prospectus in respect of the Shares, of any notice of objection of the Commission to the use of the Registration Statement or\plain\li88\cf1\f51\fs20\ql any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act, of the suspension of the qualification of the\plain\li88\cf1\f51\fs20\ql Shares for offering or sale in any jurisdiction, of the initiation or threatening of any proceeding for any such purpose, or of\plain\li88\cf1\f51\fs20\ql any request by the Commission for the amending or supplementing of the Registration Statement or the Prospectus or for\plain\li88\cf1\f51\fs20\ql additional information; and, in the\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 20 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql event of the issuance of any stop order or of any order preventing or suspending the use of any Preliminary Prospectus or\plain\li88\cf1\f51\fs20\ql other prospectus or suspending any such qualification, to promptly use its best efforts to obtain the withdrawal of such\plain\li88\cf1\f51\fs20\ql order; and in the event of any such issuance of a notice of objection, promptly to take such steps including, without\plain\li88\cf1\f51\fs20\ql limitation, amending the Registration Statement or filing a new registration statement, at its own expense, as may be\plain\li88\cf1\f51\fs20\ql necessary to permit offers and sales of the Shares by the Underwriters (references herein to the Registration Statement shall\plain\li88\cf1\f51\fs20\ql include any such amendment or new registration statement);\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) If required by Rule 430B(h) under the Act, to prepare a form of prospectus in a form approved by you and to file\plain\li88\cf1\f51\fs20\ql such form of prospectus pursuant to Rule 424(b) under the Act not later than may be required by Rule 424(b) under the\plain\li88\cf1\f51\fs20\ql Act; and to make no further amendment or supplement to such form of prospectus which shall be disapproved by you\plain\li88\cf1\f51\fs20\ql promptly after reasonable notice thereof;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (c) Promptly from time to time to take such action as you may reasonably request to qualify the Shares for offering\plain\li88\cf1\f51\fs20\ql and sale under the securities laws of such jurisdictions as you may request and to comply with such laws so as to permit the\plain\li88\cf1\f51\fs20\ql continuance of sales and dealings therein in such jurisdictions for as long as may be necessary to complete the distribution\plain\li88\cf1\f51\fs20\ql of the Shares, provided that in connection therewith the Company shall not be required to qualify as a foreign corporation\plain\li88\cf1\f51\fs20\ql or to file a general consent to service of process in any jurisdiction;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (d) If by the third anniversary (the \u8220?Renewal Deadline\u8221?) of the initial effective date of the Registration\plain\li88\cf1\f51\fs20\ql Statement, any of the Shares remain unsold by the Underwriters, the Company will file, if it has not already done so and is\plain\li88\cf1\f51\fs20\ql eligible to do so, a new automatic shelf registration statement relating to the Shares, in a form satisfactory to you. If at the\plain\li88\cf1\f51\fs20\ql Renewal Deadline the Company is no longer eligible to file an automatic shelf registration statement, the Company will, if\plain\li88\cf1\f51\fs20\ql it has not already done so, file a new shelf registration statement relating to the Shares, in a form satisfactory to you and\plain\li88\cf1\f51\fs20\ql will use its best efforts to cause such registration statement to be declared effective within 180\~days after the Renewal\plain\li88\cf1\f51\fs20\ql Deadline. The Company will take all other action necessary or appropriate to permit the public offering and sale of the\plain\li88\cf1\f51\fs20\ql Shares to continue as contemplated in the expired registration statement relating to the Shares (references herein to the\plain\li88\cf1\f51\fs20\ql Registration Statement shall include such new automatic shelf registration statement or such new shelf registration statement,\plain\li88\cf1\f51\fs20\ql as the case may be);\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (e) Prior to 10:00 a.m., New York City time, on the second New York Business Day succeeding the date of this\plain\li88\cf1\f51\fs20\ql Agreement and from time to time, to furnish the Underwriters with written and electronic copies of the Prospectus in New\plain\li88\cf1\f51\fs20\ql York City in such quantities as you may reasonably request, and, if the delivery of a prospectus (or in lieu thereof, the\plain\li88\cf1\f51\fs20\ql notice referred to in Rule 173(a) under the Act) is required at any time after the time of issue of the Prospectus in\plain\li88\cf1\f51\fs20\ql connection with the offering or sale of\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 21 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql the Shares and if at such time any event shall have occurred as a result of which the Prospectus as then amended or\plain\li88\cf1\f51\fs20\ql supplemented would include an untrue statement of a material fact or omit to state any material fact necessary in order to\plain\li88\cf1\f51\fs20\ql make the statements therein, in the light of the circumstances under which they were made when such Prospectus (or in lieu\plain\li88\cf1\f51\fs20\ql thereof, the notice referred to in Rule 173(a) under the Act) is delivered, not misleading, or, if for any other reason it shall\plain\li88\cf1\f51\fs20\ql be necessary during such same period to amend or supplement the Prospectus or to file under the Exchange Act any\plain\li88\cf1\f51\fs20\ql document incorporated by reference in the Prospectus in order to comply with the Act or the Exchange Act, to notify you\plain\li88\cf1\f51\fs20\ql and upon your request to file such document and to prepare and furnish without charge to each Underwriter and to any\plain\li88\cf1\f51\fs20\ql dealer in securities as many written and electronic copies as you may from time to time reasonably request of an amended\plain\li88\cf1\f51\fs20\ql Prospectus or a supplement to the Prospectus which will correct such statement or omission or effect such compliance; and\plain\li88\cf1\f51\fs20\ql in case any Underwriter is required to deliver a prospectus (or in lieu thereof, the notice referred to in Rule 173(a) under the\plain\li88\cf1\f51\fs20\ql Act) in connection with sales of any of the Shares, upon your request but at the expense of such Underwriter, to prepare\plain\li88\cf1\f51\fs20\ql and deliver to such Underwriter as many written and electronic copies as you may request of an amended or supplemented\plain\li88\cf1\f51\fs20\ql Prospectus complying with Section\~10(a)(3) of the Act;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (f) To make generally available to its security holders as soon as practicable, but in any event not later than sixteen\plain\li88\cf1\f51\fs20\ql months after the effective date of the Registration Statement (as defined in Rule 158(c) under the Act), an earnings\plain\li88\cf1\f51\fs20\ql statement of the Company and its subsidiaries (which need not be audited) complying with Section\~11(a) of the Act and the\plain\li88\cf1\f51\fs20\ql rules and regulations of the Commission thereunder (including, at the option of the Company, Rule 158);\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (g) During the period beginning from the date hereof and continuing to and including the date 90 days after the date of\plain\li88\cf1\f51\fs20\ql the Prospectus, not to (i)\~offer, sell, contract to sell, pledge, grant any option to purchase, make any short sale or otherwise\plain\li88\cf1\f51\fs20\ql transfer or dispose of, directly or indirectly, or file with the Commission a registration statement under the Act relating to,\plain\li88\cf1\f51\fs20\ql any securities of the Company that are substantially similar to the Shares, including but not limited to any options or\plain\li88\cf1\f51\fs20\ql warrants to purchase shares of Stock or any securities that are convertible into or exchangeable for, or that represent the\plain\li88\cf1\f51\fs20\ql right to receive, Stock or any such substantially similar securities, or publicly disclose the intention to make any offer, sale,\plain\li88\cf1\f51\fs20\ql pledge, disposition or filing or (ii)\~enter into any swap or other agreement that transfers, in whole or in part, any of the\plain\li88\cf1\f51\fs20\ql economic consequences of ownership of the Stock or any such other securities, whether any such transaction described in\plain\li88\cf1\f51\fs20\ql clause (i)\~or (ii) above is to be settled by delivery of Stock or such other securities, in cash or otherwise (other than the\plain\li88\cf1\f51\fs20\ql Shares to be sold hereunder or pursuant to employee stock option plans existing on, or upon the conversion or exchange of\plain\li88\cf1\f51\fs20\ql convertible or exchangeable securities outstanding as of, the date of this Agreement), without the prior written consent of\plain\li88\cf1\f51\fs20\ql the Representative, provided, however, that the restrictions of this Section\~5(g) shall not apply to shares of Stock issued to\plain\li88\cf1\f51\fs20\ql Knight pursuant to that certain Subscription Agreement, dated July\~30, 2018, by and between Knight and the Company in\plain\li88\cf1\f51\fs20\ql the form previously provided to the Representative;\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 22 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (h) Upon request of any Underwriter, to furnish, or cause to be furnished, to such Underwriter an electronic version of\plain\li88\cf1\f51\fs20\ql the Company\u8217?s trademarks, servicemarks and corporate logo for use on the website, if any, operated by such\plain\li88\cf1\f51\fs20\ql Underwriter for the purpose of facilitating the on-line offering of the Shares (the \u8220?License\u8221?); provided,\plain\li88\cf1\f51\fs20\ql however, that the License shall be used solely for the purpose described above, is granted without any fee and may not be\plain\li88\cf1\f51\fs20\ql assigned or transferred;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (i) To use the net proceeds received by it from the sale of the Shares in the manner specified in the Pricing Prospectus\plain\li88\cf1\f51\fs20\ql under the caption \u8220?Use of Proceeds\u8221?;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (j) To use its best efforts to list, subject to notice of issuance, the Shares on the NASDAQ; and\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (k) To pay the required Commission filing fees relating to the Shares within the time required by Rule 456(b)(1) under\plain\li88\cf1\f51\fs20\ql the Act without regard to the proviso therein and otherwise in accordance with Rules 456(b) and 457(r) under the Act.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (l) Not to waive, amend or terminate any provision of that certain Lock-up Agreement, dated July\~30, 2018, between\plain\li88\cf1\f51\fs20\ql Knight and the Company in the form set forth in Annex III, or to consent to or permit the transfer of shares of Stock\plain\li88\cf1\f51\fs20\ql subject to such agreement, without the prior written consent of the Representative.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 6.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (a) The Company represents and agrees that, except with the written consent of the Representative, it has not made and\plain\li88\cf1\f51\fs20\ql will not make any offer relating to the Shares that would constitute a \u8220?free writing prospectus\u8221? as defined in\plain\li88\cf1\f51\fs20\ql Rule 405 under the Act; each Underwriter represents and agrees that, except with the written consent of the Company and\plain\li88\cf1\f51\fs20\ql the Representative, it has not made and will not make any offer relating to the Shares that would constitute a free writing\plain\li88\cf1\f51\fs20\ql prospectus required to be filed with the Commission; any such free writing prospectus the use of which has been consented\plain\li88\cf1\f51\fs20\ql to by the Company and the Representative is listed on Schedule II(a) or Schedule II(c) hereto;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) The Company has complied and will comply with the requirements of Rule 433 under the Act applicable to any\plain\li88\cf1\f51\fs20\ql Issuer Free Writing Prospectus, including timely filing with the Commission or retention where required and legending; and\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 23 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (c) The Company agrees that if at any time following issuance of an Issuer Free Writing Prospectus any event occurred\plain\li88\cf1\f51\fs20\ql or occurs as a result of which such Issuer Free Writing Prospectus would conflict with the information in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Pricing Prospectus or the Prospectus or would include an untrue statement of a material fact or omit to state\plain\li88\cf1\f51\fs20\ql any material fact necessary in order to make the statements therein, in the light of the circumstances then prevailing, not\plain\li88\cf1\f51\fs20\ql misleading, the Company will give prompt notice thereof to the Representative and, if requested by the Representative, will\plain\li88\cf1\f51\fs20\ql prepare and furnish without charge to each Underwriter an Issuer Free Writing Prospectus or other document which will\plain\li88\cf1\f51\fs20\ql correct such conflict, statement or omission; provided, however, that this representation and warranty shall not apply to any\plain\li88\cf1\f51\fs20\ql statements or omissions in an Issuer Free Writing Prospectus made in reliance upon and in conformity with the Underwriter\plain\li88\cf1\f51\fs20\ql Information.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 7. The Company covenants and agrees with the several Underwriters that the Company will pay or cause to be paid the\plain\cf1\f51\fs20\ql following: (i)\~the fees, disbursements and expenses of the Company\u8217?s counsel and accountants in connection with the\plain\cf1\f51\fs20\ql registration of the Shares under the Act and all other expenses in connection with the preparation, printing, reproduction and\plain\cf1\f51\fs20\ql filing of the Registration Statement, the Basic Prospectus, any Preliminary Prospectus and the Prospectus and amendments and\plain\cf1\f51\fs20\ql supplements thereto and the mailing and delivering of copies thereof to the Underwriters and dealers; (ii)\~the cost of printing or\plain\cf1\f51\fs20\ql producing any Agreement among Underwriters, this Agreement, any Blue Sky Memorandum, closing documents (including any\plain\cf1\f51\fs20\ql compilations thereof) and any other documents in connection with the offering, purchase, sale and delivery of the Shares; (iii)\~all\plain\cf1\f51\fs20\ql expenses in connection with the qualification of the Shares for offering and sale under state securities laws as provided in\plain\cf1\f51\fs20\ql Section\~5(c) hereof, including the fees and disbursements of counsel for the Underwriters (not to exceed $15,000) in connection\plain\cf1\f51\fs20\ql with such qualification and in connection with the Blue Sky survey(s); (iv) any filing fees incident to, and the fees and\plain\cf1\f51\fs20\ql disbursements of counsel for the Underwriters in connection with, any required reviews by FINRA of the terms of the sale of the\plain\cf1\f51\fs20\ql Shares; (v)\~the cost of preparing certificates for the Shares; (vi)\~the cost and charges of any transfer agent or registrar or dividend\plain\cf1\f51\fs20\ql disbursing agent; (vii)\~all fees and expenses in connection with listing the Shares on NASDAQ; and (viii)\~all other costs and\plain\cf1\f51\fs20\ql expenses incident to the performance of its obligations hereunder which are not otherwise specifically provided for in this\plain\cf1\f51\fs20\ql Section\~7. It is understood, however, that, except as provided in this Section\~7, and Sections 9 and 12 hereof, the Underwriters\plain\cf1\f51\fs20\ql will pay all of their own costs and expenses, including the fees of their counsel, transfer taxes on resale of any of the Shares by\plain\cf1\f51\fs20\ql them, and any advertising expenses connected with any offers they may make.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 8. The obligations of the Underwriters hereunder, as to the Shares to be delivered at each Time of Delivery, shall be\plain\cf1\f51\fs20\ql subject, in your discretion, to the condition that all representations and warranties and other statements of the Company herein\plain\cf1\f51\fs20\ql are, at and as of the date hereof and such Time of Delivery, true and correct, the condition that the Company shall have\plain\cf1\f51\fs20\ql performed all of its obligations hereunder theretofore to be performed, and the following additional conditions:\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 24 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (a) The Prospectus shall have been filed with the Commission pursuant to Rule 424(b) under the Act within the\plain\li88\cf1\f51\fs20\ql applicable time period prescribed for such filing by the rules and regulations under the Act and in accordance with\plain\li88\cf1\f51\fs20\ql Section\~5(a) hereof; all material required to be filed by the Company pursuant to Rule 433(d) under the Act shall have been\plain\li88\cf1\f51\fs20\ql filed with the Commission within the applicable time period prescribed for such filings by Rule 433; no stop order\plain\li88\cf1\f51\fs20\ql suspending the effectiveness of the Registration Statement or any part thereof shall have been issued and no proceeding for\plain\li88\cf1\f51\fs20\ql that purpose shall have been initiated or threatened by the Commission and no notice of objection of the Commission to the\plain\li88\cf1\f51\fs20\ql use of the Registration Statement or any post-effective amendment thereto pursuant to Rule 401(g)(2) under the Act shall\plain\li88\cf1\f51\fs20\ql have been received; no stop order suspending or preventing the use of the Preliminary Prospectus, Prospectus or any Issuer\plain\li88\cf1\f51\fs20\ql Free Writing Prospectus shall have been initiated or threatened by the Commission; and all requests for additional\plain\li88\cf1\f51\fs20\ql information on the part of the Commission shall have been complied with to your reasonable satisfaction;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) Ropes\~& Gray LLP, counsel for the Underwriters, shall have furnished to you such written opinion or opinions,\plain\li88\cf1\f51\fs20\ql dated such Time of Delivery, with respect to the matters as the Representative may reasonably request, and such counsel\plain\li88\cf1\f51\fs20\ql shall have received such papers and information as they may reasonably request to enable them to pass upon such matters;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (c) Greenberg Traurig, LLP, counsel for the Company, shall have furnished to you their written opinion, dated such\plain\li88\cf1\f51\fs20\ql Time of Delivery, in form and substance satisfactory to you;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (d) Kilpatrick Townsend\~& Stockton LLP, intellectual property counsel for the Company, shall have furnished to you\plain\li88\cf1\f51\fs20\ql their written opinion, dated such Time of Delivery, in form and substance satisfactory to you;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (e) On the date of the Prospectus at a time prior to the execution of this Agreement, at 9:30 a.m., New York City time,\plain\li88\cf1\f51\fs20\ql on the effective date of any post-effective amendment to the Registration Statement filed subsequent to the date of this\plain\li88\cf1\f51\fs20\ql Agreement and also at each Time of Delivery, Grant Thornton LLP shall have furnished to you a letter or letters, dated the\plain\li88\cf1\f51\fs20\ql respective dates of delivery thereof, in form and substance satisfactory to you;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (f) (i) Neither the Company nor any of its subsidiaries shall have sustained since the date of the latest audited financial\plain\li88\cf1\f51\fs20\ql statements included or incorporated by reference in the Pricing Prospectus any loss or interference with its business from\plain\li88\cf1\f51\fs20\ql fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or court or\plain\li88\cf1\f51\fs20\ql governmental action, order or decree, otherwise than as set forth or contemplated in the Pricing Prospectus, and (ii)\~since the\plain\li88\cf1\f51\fs20\ql respective dates as of which information is given in the Pricing Prospectus there shall not have been any change in the\plain\li88\cf1\f51\fs20\ql capital stock or long term debt of the Company or any of its subsidiaries or any change, or any development involving a\plain\li88\cf1\f51\fs20\ql prospective change, in or affecting the general affairs, management, financial position, stockholders\u8217? equity or results\plain\li88\cf1\f51\fs20\ql of\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 25 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql operations of the Company and its subsidiaries, otherwise than as set forth or contemplated in the Pricing Prospectus, which,\plain\li88\cf1\f51\fs20\ql in any such case described in clause (i)\~or (ii), is in your judgment so material and adverse as to make it impracticable or\plain\li88\cf1\f51\fs20\ql inadvisable to proceed with the public offering or the delivery of the Shares on the terms and in the manner contemplated in\plain\li88\cf1\f51\fs20\ql the Prospectus;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (g) On or after the Applicable Time (i)\~no downgrading shall have occurred in the rating accorded the\plain\li88\cf1\f51\fs20\ql Company\u8217?s debt securities or preferred stock by any \u8220?nationally recognized statistical rating\plain\li88\cf1\f51\fs20\ql organization\u8221?, as that term is defined by the Commission for purposes of Rule 436(g)(2) under the Act, and (ii)\~no\plain\li88\cf1\f51\fs20\ql such organization shall have publicly announced that it has under surveillance or review, with possible negative\plain\li88\cf1\f51\fs20\ql implications, its rating of any of the Company\u8217?s debt securities or preferred stock;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (h) On or after the Applicable Time there shall not have occurred any of the following: (i)\~a suspension or material\plain\li88\cf1\f51\fs20\ql limitation in trading in securities generally on the NASDAQ; (ii)\~a suspension or material limitation in trading in the\plain\li88\cf1\f51\fs20\ql Company\u8217?s securities on the NASDAQ; (iii)\~a general moratorium on commercial banking activities declared by\plain\li88\cf1\f51\fs20\ql either Federal or New York State authorities or a material disruption in commercial banking or securities settlement or\plain\li88\cf1\f51\fs20\ql clearance services in the United States; (iv)\~the outbreak or escalation of hostilities involving the United States or the\plain\li88\cf1\f51\fs20\ql declaration by the United States of a national emergency or war or (v)\~the occurrence of any other calamity or crisis or any\plain\li88\cf1\f51\fs20\ql change in financial, political or economic conditions in the United States or elsewhere; if the effect of any such event\plain\li88\cf1\f51\fs20\ql specified in clause (iv)\~or (v) in your judgment makes it impracticable or inadvisable to proceed with the public offering or\plain\li88\cf1\f51\fs20\ql the delivery of the Shares being delivered at such Time of Delivery on the terms and in the manner contemplated in the\plain\li88\cf1\f51\fs20\ql Pricing Prospectus and the Prospectus;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (i) The Shares at each Time of Delivery shall have been duly listed, subject to notice of issuance, on the NASDAQ;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (j) The Company shall have complied with the provisions of Section\~5(e) hereof with respect to the furnishing of\plain\li88\cf1\f51\fs20\ql prospectuses on the New York Business Day next succeeding the date of this Agreement;\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (k) The Company shall have furnished or caused to be furnished to you at such Time of Delivery certificates of\plain\li88\cf1\f51\fs20\ql officers of the Company reasonably satisfactory to you as to the accuracy of the representations and warranties of the\plain\li88\cf1\f51\fs20\ql Company herein at and as of such Time of Delivery, as to the performance by the Company of all of its obligations\plain\li88\cf1\f51\fs20\ql hereunder to be performed at or prior to such Time of Delivery, as to the matters set forth in subsections (a)\~and (f) of this\plain\li88\cf1\f51\fs20\ql Section and as to such other matters as you may reasonably request;\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 26 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (l) The Company shall have furnished to you on the date of this Agreement and at such Time of Delivery, a written\plain\li88\cf1\f51\fs20\ql certificate of the Chief Financial Officer of the Company, dated the respective date of delivery, in form and substance\plain\li88\cf1\f51\fs20\ql reasonably satisfactory to you; and\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (m) The Company shall have furnished to you on the date of this Agreement and at such Time of Delivery, a written\plain\li88\cf1\f51\fs20\ql certificate executed by the Chief Medical Officer or Chief Clinical Officer of the Company, dated the respective date of\plain\li88\cf1\f51\fs20\ql delivery, in form and substance reasonably satisfactory to you.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 9. (a) The Company will indemnify and hold harmless each Underwriter against any losses, claims, damages or liabilities,\plain\cf1\f51\fs20\ql joint or several, to which such Underwriter may become subject, under the Act or otherwise, insofar as such losses, claims,\plain\cf1\f51\fs20\ql damages or liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue\plain\cf1\f51\fs20\ql statement of a material fact contained in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing\plain\cf1\f51\fs20\ql Prospectus, any Issuer Free Writing Prospectus or the Prospectus, or any amendment or supplement thereto, any\plain\cf1\f51\fs20\ql \u8220?roadshow\u8221? as defined in Rule 433(h) under the Act (a \u8220?roadshow\u8221?) or any \u8220?issuer\plain\cf1\f51\fs20\ql information\u8221? filed or required to be filed pursuant to Rule 433(d) under the Act, or arise out of or are based upon the\plain\cf1\f51\fs20\ql omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements\plain\cf1\f51\fs20\ql therein not misleading, and will reimburse each Underwriter for any legal or other expenses reasonably incurred by such\plain\cf1\f51\fs20\ql Underwriter in connection with investigating or defending any such action or claim as such expenses are incurred; provided,\plain\cf1\f51\fs20\ql however, that the Company shall not be liable in any such case to the extent that any such loss, claim, damage or liability arises\plain\cf1\f51\fs20\ql out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in the Registration\plain\cf1\f51\fs20\ql Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Prospectus, any Issuer Free Writing Prospectus or the\plain\cf1\f51\fs20\ql Prospectus, or any amendment or supplement thereto, in reliance upon and in conformity with the Underwriter Information.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) Each Underwriter will indemnify and hold harmless the Company against any losses, claims, damages or liabilities\plain\li88\cf1\f51\fs20\ql to which the Company may become subject, under the Act or otherwise, insofar as such losses, claims, damages or\plain\li88\cf1\f51\fs20\ql liabilities (or actions in respect thereof) arise out of or are based upon an untrue statement or alleged untrue statement of a\plain\li88\cf1\f51\fs20\ql material fact contained in the Registration Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing\plain\li88\cf1\f51\fs20\ql Prospectus or the Prospectus, or any amendment or supplement thereto, or any Issuer Free Writing Prospectus, or any\plain\li88\cf1\f51\fs20\ql roadshow, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be\plain\li88\cf1\f51\fs20\ql stated therein or necessary to make the statements therein not misleading, in each case to the extent, but only to the extent,\plain\li88\cf1\f51\fs20\ql that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration\plain\li88\cf1\f51\fs20\ql Statement, the Basic Prospectus, any Preliminary Prospectus, the Pricing Prospectus or the Prospectus, or any amendment or\plain\li88\cf1\f51\fs20\ql supplement thereto, or any Issuer Free Writing Prospectus, or any roadshow, in reliance upon and in conformity with the\plain\li88\cf1\f51\fs20\ql Underwriter Information; and will reimburse the Company for any legal or other expenses reasonably incurred by the\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 27 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql Company in connection with investigating or defending any such action or claim as such expenses are incurred. As used in\plain\li88\cf1\f51\fs20\ql this Agreement with respect to an Underwriter and an applicable document, \u8220?Underwriter Information\u8221? shall\plain\li88\cf1\f51\fs20\ql mean the written information furnished to the Company by such Underwriter through the Representative expressly for use\plain\li88\cf1\f51\fs20\ql therein; it being understood and agreed upon that the only such information furnished by any Underwriter consists of the\plain\li88\cf1\f51\fs20\ql following information in the Prospectus furnished on behalf of each Underwriter: the third paragraph of text under the\plain\li88\cf1\f51\fs20\ql caption \u8220?Underwriting\u8221? concerning the terms of offering by the Underwriters; and the tenth, eleventh and\plain\li88\cf1\f51\fs20\ql twelfth paragraphs of text under the caption \u8220?Underwriting\u8221? concerning short sales, stabilizing transactions and\plain\li88\cf1\f51\fs20\ql purchases to cover positions created by short sales by the Underwriters.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (c) Promptly after receipt by an indemnified party under subsection (a)\~or (b) above of notice of the commencement of\plain\li88\cf1\f51\fs20\ql any action, such indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party under\plain\li88\cf1\f51\fs20\ql such subsection, notify the indemnifying party in writing of the commencement thereof; but the omission so to notify the\plain\li88\cf1\f51\fs20\ql indemnifying party shall not relieve it from any liability which it may have to any indemnified party otherwise than under\plain\li88\cf1\f51\fs20\ql such subsection. In case any such action shall be brought against any indemnified party and it shall notify the indemnifying\plain\li88\cf1\f51\fs20\ql party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it\plain\li88\cf1\f51\fs20\ql shall wish, jointly with any other indemnifying party similarly notified, to assume the defense thereof, with counsel\plain\li88\cf1\f51\fs20\ql reasonably satisfactory to such indemnified party (who shall not, except with the consent of the indemnified party, be\plain\li88\cf1\f51\fs20\ql counsel to the indemnifying party), and, after notice from the indemnifying party to such indemnified party of its election so\plain\li88\cf1\f51\fs20\ql to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such subsection for\plain\li88\cf1\f51\fs20\ql any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in\plain\li88\cf1\f51\fs20\ql connection with the defense thereof other than reasonable costs of investigation. In any such action, such indemnified party\plain\li88\cf1\f51\fs20\ql shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such\plain\li88\cf1\f51\fs20\ql indemnified party unless (i)\~the indemnifying party and the indemnified party shall have mutually agreed to the contrary;\plain\li88\cf1\f51\fs20\ql (ii)\~the indemnifying party has failed within a reasonable time to retain counsel reasonably satisfactory to the indemnified\plain\li88\cf1\f51\fs20\ql party; (iii)\~the indemnified party shall have reasonably concluded that there may be legal defenses available to it that are\plain\li88\cf1\f51\fs20\ql different from or in addition to those available to the indemnifying party; or (iv)\~the named parties in any such proceeding\plain\li88\cf1\f51\fs20\ql (including any impleaded parties) include both the indemnifying party and the indemnified party and representation of both\plain\li88\cf1\f51\fs20\ql parties by the same counsel would be inappropriate due to actual or potential differing interests between them. No\plain\li88\cf1\f51\fs20\ql indemnifying party shall, without the written consent of the indemnified party, effect the settlement or compromise of, or\plain\li88\cf1\f51\fs20\ql consent to the entry of any judgment with respect to, any pending or threatened action or claim in respect of which\plain\li88\cf1\f51\fs20\ql indemnification or contribution may be sought hereunder (whether or not the indemnified party is an actual or potential\plain\li88\cf1\f51\fs20\ql party\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 28 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li431\ql to such action or claim) unless such settlement, compromise or judgment (i)\~includes an unconditional release of the\plain\li88\cf1\f51\fs20\ql indemnified party from all liability arising out of such action or claim and (ii)\~does not include any statement as to or an\plain\li88\cf1\f51\fs20\ql admission of fault, culpability or a failure to act, by or on behalf of any indemnified party.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (d) If the indemnification provided for in this Section\~9 is unavailable to or insufficient to hold harmless an\plain\li88\cf1\f51\fs20\ql indemnified party under subsection (a)\~or (b) above in respect of any losses, claims, damages or liabilities (or actions in\plain\li88\cf1\f51\fs20\ql respect thereof) referred to therein, then each indemnifying party shall contribute to the amount paid or payable by such\plain\li88\cf1\f51\fs20\ql indemnified party as a result of such losses, claims, damages or liabilities (or actions in respect thereof) in such proportion\plain\li88\cf1\f51\fs20\ql as is appropriate to reflect the relative benefits received by the Company on the one hand and the Underwriters on the other\plain\li88\cf1\f51\fs20\ql from the offering of the Shares. If, however, the allocation provided by the immediately preceding sentence is not permitted\plain\li88\cf1\f51\fs20\ql by applicable law or if the indemnified party failed to give the notice required under subsection (c)\~above, then each\plain\li88\cf1\f51\fs20\ql indemnifying party shall contribute to such amount paid or payable by such indemnified party in such proportion as is\plain\li88\cf1\f51\fs20\ql appropriate to reflect not only such relative benefits but also the relative fault of the Company on the one hand and the\plain\li88\cf1\f51\fs20\ql Underwriters on the other in connection with the statements or omissions which resulted in such losses, claims, damages or\plain\li88\cf1\f51\fs20\ql liabilities (or actions in respect thereof), as well as any other relevant equitable considerations. The relative benefits received\plain\li88\cf1\f51\fs20\ql by the Company on the one hand and the Underwriters on the other shall be deemed to be in the same proportion as the\plain\li88\cf1\f51\fs20\ql total net proceeds from the offering (before deducting expenses) received by the Company bear to the total underwriting\plain\li88\cf1\f51\fs20\ql discounts and commissions received by the Underwriters, in each case as set forth in the table on the cover page of the\plain\li88\cf1\f51\fs20\ql Prospectus. The relative fault shall be determined by reference to, among other things, whether the untrue or alleged untrue\plain\li88\cf1\f51\fs20\ql statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by\plain\li88\cf1\f51\fs20\ql the Company on the one hand or the Underwriters on the other and the parties\u8217? relative intent, knowledge, access to\plain\li88\cf1\f51\fs20\ql information and opportunity to correct or prevent such statement or omission. The Company and the Underwriters agree that\plain\li88\cf1\f51\fs20\ql it would not be just and equitable if contribution pursuant to this subsection (d)\~were determined by pro rata allocation (even\plain\li88\cf1\f51\fs20\ql if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take\plain\li88\cf1\f51\fs20\ql account of the equitable considerations referred to above in this subsection (d). The amount paid or payable by an\plain\li88\cf1\f51\fs20\ql indemnified party as a result of the losses, claims, damages or liabilities (or actions in respect thereof) referred to above in\plain\li88\cf1\f51\fs20\ql this subsection (d)\~shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in\plain\li88\cf1\f51\fs20\ql connection with investigating or defending any such action or claim. Notwithstanding the provisions of this subsection (d),\plain\li88\cf1\f51\fs20\ql no Underwriter shall be required to contribute any amount in excess of the amount by which the total price at which the\plain\li88\cf1\f51\fs20\ql Shares underwritten by it and distributed to the public were offered to the public exceeds the amount of any damages which\plain\li88\cf1\f51\fs20\ql such Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 29 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\cf1\f51\fs20\li432\ql or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of Section\~11(f) of the Act) shall\plain\li88\cf1\f51\fs20\ql be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The\plain\li88\cf1\f51\fs20\ql Underwriters\u8217? obligations in this subsection (d)\~to contribute are several in proportion to their respective underwriting\plain\li88\cf1\f51\fs20\ql obligations and not joint.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (e) The obligations of the Company under this Section\~9 shall be in addition to any liability which the Company may\plain\li88\cf1\f51\fs20\ql otherwise have and shall extend, upon the same terms and conditions, to each director and officer of the Underwriter and to\plain\li88\cf1\f51\fs20\ql each person, if any, who controls any Underwriter within the meaning of the Act and each broker-dealer affiliate of any\plain\li88\cf1\f51\fs20\ql Underwriter; and the obligations of the Underwriters under this Section\~9 shall be in addition to any liability which the\plain\li88\cf1\f51\fs20\ql respective Underwriters may otherwise have and shall extend, upon the same terms and conditions, to each officer and\plain\li88\cf1\f51\fs20\ql director of the Company and to each person, if any, who controls the Company within the meaning of the Act.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 10. (a) If any Underwriter shall default in its obligation to purchase the Shares which it has agreed to purchase hereunder,\plain\cf1\f51\fs20\ql you may in your discretion arrange for you or another party or other parties to purchase such Shares on the terms contained\plain\cf1\f51\fs20\ql herein. If within thirty-six hours after such default by any Underwriter you do not arrange for the purchase of such Shares, then\plain\cf1\f51\fs20\ql the Company shall be entitled to a further period of thirty-six hours within which to procure another party or other parties\plain\cf1\f51\fs20\ql satisfactory to you to purchase such Shares on such terms. In the event that, within the respective prescribed periods, you notify\plain\cf1\f51\fs20\ql the Company that you have so arranged for the purchase of such Shares, or the Company notifies you that it has so arranged for\plain\cf1\f51\fs20\ql the purchase of such Shares, you or the Company shall have the right to postpone such Time of Delivery for a period of not\plain\cf1\f51\fs20\ql more than seven days, in order to effect whatever changes may thereby be made necessary in the Registration Statement or the\plain\cf1\f51\fs20\ql Prospectus, or in any other documents or arrangements, and the Company agrees to file promptly any amendments or\plain\cf1\f51\fs20\ql supplements to the Registration Statement or the Prospectus which in your opinion may thereby be made necessary. The term\plain\cf1\f51\fs20\ql \u8220?Underwriter\u8221? as used in this Agreement shall include any person substituted under this Section with like effect as\plain\cf1\f51\fs20\ql if such person had originally been a party to this Agreement with respect to such Shares.\par\pard\plain\li88\sb132\fi440\cf1\f51\fs20\ql (b) If, after giving effect to any arrangements for the purchase of the Shares of a defaulting Underwriter or\plain\li88\cf1\f51\fs20\ql Underwriters by you and the Company as provided in subsection (a)\~above, the aggregate number of such Shares which\plain\li88\cf1\f51\fs20\ql remains unpurchased does not exceed one eleventh of the aggregate number of all the Shares to be purchased at such Time\plain\li88\cf1\f51\fs20\ql of Delivery, then the Company shall have the right to require each non-defaulting Underwriter to purchase the number of\plain\li88\cf1\f51\fs20\ql shares which such Underwriter agreed to purchase hereunder at such Time of Delivery and, in addition, to require each\plain\li88\cf1\f51\fs20\ql non-defaulting Underwriter to purchase its pro rata share (based on the number of Shares which such Underwriter agreed to\plain\li88\cf1\f51\fs20\ql purchase hereunder) of the Shares of such defaulting Underwriter or Underwriters for which such arrangements have not\plain\li88\cf1\f51\fs20\ql been made; but nothing herein shall relieve a defaulting Underwriter from liability for its default.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 30 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\li88\fi440\cf1\f51\fs20\li846\ql (c) If, after giving effect to any arrangements for the purchase of the Shares of a defaulting Underwriter or\plain\li88\cf1\f51\fs20\ql Underwriters by you and the Company as provided in subsection (a)\~above, the aggregate number of such Shares which\plain\li88\cf1\f51\fs20\ql remains unpurchased exceeds one eleventh of the aggregate number of all the Shares to be purchased at such Time of\plain\li88\cf1\f51\fs20\ql Delivery, or if the Company shall not exercise the right described in subsection (b)\~above to require non-defaulting\plain\li88\cf1\f51\fs20\ql Underwriters to purchase Shares of a defaulting Underwriter or Underwriters, then this Agreement (or, with respect to the\plain\li88\cf1\f51\fs20\ql Second Time of Delivery, the obligations of the Underwriters to purchase and of the Company to sell the Optional Shares)\plain\li88\cf1\f51\fs20\ql shall thereupon terminate, without liability on the part of any non-defaulting Underwriter or the Company, except for the\plain\li88\cf1\f51\fs20\ql expenses to be borne by the Company and the Underwriters as provided in Section\~7 hereof and the indemnity and\plain\li88\cf1\f51\fs20\ql contribution agreements in Section\~9 hereof; but nothing herein shall relieve a defaulting Underwriter from liability for its\plain\li88\cf1\f51\fs20\ql default.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 11. The respective indemnities, agreements, representations, warranties and other statements of the Company and the several\plain\cf1\f51\fs20\ql Underwriters, as set forth in this Agreement or made by or on behalf of them, respectively, pursuant to this Agreement, shall\plain\cf1\f51\fs20\ql remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of\plain\cf1\f51\fs20\ql any Underwriter, or any officer or director, broker-dealer affiliate or controlling person of any Underwriter, or the Company, or\plain\cf1\f51\fs20\ql any officer or director or controlling person of the Company, and shall survive delivery of and payment for the Shares.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 12. If this Agreement shall be terminated pursuant to Section\~10 hereof, the Company shall not then be under any liability\plain\cf1\f51\fs20\ql to any Underwriter except as provided in Sections 7 and 9 hereof; but, if for any other reason, any Shares are not delivered by or\plain\cf1\f51\fs20\ql on behalf of the Company as provided herein, the Company will reimburse the Underwriters through you for all out of pocket\plain\cf1\f51\fs20\ql expenses approved in writing by you, including fees and disbursements of counsel, reasonably incurred by the Underwriters in\plain\cf1\f51\fs20\ql making preparations for the purchase, sale and delivery of the Shares not so delivered, but the Company shall then be under no\plain\cf1\f51\fs20\ql further liability to any Underwriter except as provided in Sections 7 and 9 hereof.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql 13. In all dealings hereunder, you shall act on behalf of each of the Underwriters, and the parties hereto shall be entitled to\plain\cf1\f51\fs20\ql act and rely upon any statement, request, notice or agreement on behalf of any Underwriter made or given by you.\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql All statements, requests, notices and agreements hereunder shall be in writing, and if to the Underwriters shall be delivered\plain\cf1\f51\fs20\ql or sent by mail, telex or facsimile transmission to Goldman Sachs\~& Co. LLC at 200 West Street, New York, New York\plain\cf1\f51\fs20\ql 10282-2198, Attention: Registration Department; and if to the Company shall be delivered or sent by mail, telex or facsimile\plain\cf1\f51\fs20\ql transmission to the address of the Company set forth in the Registration Statement, Attention: Secretary; provided, however, that\plain\cf1\f51\fs20\ql any notice to an Underwriter pursuant to\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 31 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs20\ql Section\~9(c) hereof shall be delivered or sent by mail, telex or facsimile transmission to such Underwriter at its address set forth\plain\cf1\f51\fs20\ql in its Underwriters\u8217? Questionnaire, or telex constituting such Questionnaire, which address will be supplied to the\plain\cf1\f51\fs20\ql Company by you upon request. Any such statements, requests, notices or agreements shall take effect upon receipt thereof.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql In accordance with the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October\~26,\plain\cf1\f51\fs20\ql 2001)), the Underwriters are required to obtain, verify and record information that identifies their respective clients, including the\plain\cf1\f51\fs20\ql Company, which information may include the name and address of their respective clients, as well as other information that will\plain\cf1\f51\fs20\ql allow the Underwriters to properly identify their respective clients.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 14. This Agreement shall be binding upon, and inure solely to the benefit of, the Underwriters, the Company and, to the\plain\cf1\f51\fs20\ql extent provided in Sections 9 and 11 hereof, the officers and directors of the Company, the officers and directors and\plain\cf1\f51\fs20\ql broker-dealer affiliates of the Underwriter and each person who controls the Company or any Underwriter, and their respective\plain\cf1\f51\fs20\ql heirs, executors, administrators, successors and assigns, and no other person shall acquire or have any right under or by virtue of\plain\cf1\f51\fs20\ql this Agreement. No purchaser of any of the Shares from any Underwriter shall be deemed a successor or assign by reason merely\plain\cf1\f51\fs20\ql of such purchase.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 15. Time shall be of the essence of this Agreement. As used herein, the term \u8220?business day\u8221? shall mean any\plain\cf1\f51\fs20\ql day when the Commission\u8217?s office in Washington, D.C. is open for business.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 16. The Company acknowledges and agrees that (i)\~the purchase and sale of the Shares pursuant to this Agreement is an\plain\cf1\f51\fs20\ql arm\u8217?s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other,\plain\cf1\f51\fs20\ql (ii)\~in connection therewith and with the process leading to such transaction each Underwriter is acting solely as a principal and\plain\cf1\f51\fs20\ql not the agent or fiduciary of the Company, (iii)\~no Underwriter has assumed an advisory or fiduciary responsibility in favor of\plain\cf1\f51\fs20\ql the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether such\plain\cf1\f51\fs20\ql Underwriter has advised or is currently advising the Company on other matters) or any other obligation to the Company except\plain\cf1\f51\fs20\ql the obligations expressly set forth in this Agreement and (iv)\~the Company has consulted its own legal and financial advisors to\plain\cf1\f51\fs20\ql the extent it deemed appropriate. The Company agrees that it will not claim that the Underwriters, or any of them, has rendered\plain\cf1\f51\fs20\ql advisory services of any nature or respect, or owes a fiduciary or similar duty to the Company, in connection with such\plain\cf1\f51\fs20\ql transaction or the process leading thereto.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 17. This Agreement supersedes all prior agreements and understandings (whether written or oral) between the Company and\plain\cf1\f51\fs20\ql the Underwriters, or any of them, with respect to the subject matter hereof.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 32 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\fi462\cf1\f51\fs20\li432\ql 18.\plain\cf1\f51\fs20\b\ql THIS AGREEMENT AND ANY MATTERS RELATED TO THIS TRANSACTION SHALL BE GOVERNED\plain\cf1\f51\fs20\b\ql BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT\plain\cf1\f51\fs20\b\ql REGARD TO PRINCIPLES OF CONFLICT OF LAWS THAT WOULD RESULT IN THE APPLICATION OF ANY\plain\cf1\f51\fs20\b\ql LAW OTHER THAN THE LAWS OF THE STATE OF NEW YORK. The Company agrees that any suit or proceeding\plain\cf1\f51\fs20\b\ql arising in respect of this agreement or our engagement will be tried exclusively in the U.S. District Court for the Southern\plain\cf1\f51\fs20\b\ql District of New York or, if that court does not have subject matter jurisdiction, in any state court located in The City and\plain\cf1\f51\fs20\b\ql County of New York and the Company agrees to submit to the jurisdiction of, and to venue in, such courts.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 19. The Company and each of the Underwriters hereby irrevocably waives, to the fullest extent permitted by applicable law,\plain\cf1\f51\fs20\ql any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions\plain\cf1\f51\fs20\ql contemplated hereby.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 20. This Agreement may be executed by any one or more of the parties hereto in any number of counterparts, each of\plain\cf1\f51\fs20\ql which shall be deemed to be an original, but all such respective counterparts shall together constitute one and the same\plain\cf1\f51\fs20\ql instrument.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql 21. Notwithstanding anything herein to the contrary, the Company is authorized to disclose to any persons U.S. federal and\plain\cf1\f51\fs20\ql state tax treatment and tax structure of the potential transaction and all materials of any kind (including tax opinions and other\plain\cf1\f51\fs20\ql tax analyses) provided to the Company relating to that treatment and structure, without the Underwriters imposing any limitation\plain\cf1\f51\fs20\ql of any kind. However, any information relating to the tax treatment and tax structure shall remain confidential (and the foregoing\plain\cf1\f51\fs20\ql sentence shall not apply) to the extent necessary to enable any person to comply with securities laws. For this purpose,\plain\cf1\f51\fs20\ql \u8220?tax structure\u8221? is limited to any facts that may be relevant to that treatment.\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\cf1\f51\fs20\qc 33 \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\fi462\cf1\f51\fs20\li432\ql If the foregoing is in accordance with your understanding, please sign and return to us four counterparts hereof, and upon\plain\cf1\f51\fs20\ql the acceptance hereof by you, on behalf of each of the Underwriters, this Agreement and such acceptance hereof shall constitute\plain\cf1\f51\fs20\ql a binding agreement between each of the Underwriters and the Company. It is understood that your acceptance of this Agreement\plain\cf1\f51\fs20\ql on behalf of each of the Underwriters is pursuant to the authority set forth in a form of agreement among Underwriters, the form\plain\cf1\f51\fs20\ql of which shall be submitted to the Company for examination upon request, but without warranty on your part as to the authority\plain\cf1\f51\fs20\ql of the signers thereof.\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx553\clvertalb\cellx1028\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx553\clvertalb\cellx1028\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Very truly yours,\cell{ {\trowd\cellx4320\trrh248\row}}} {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql TherapeuticsMD, Inc.\cell{ {\trowd\cellx4320\trrh248\row}}} {\trowd\clvertalc\cellx553\clvertalc\cellx4319\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx553\clvertalc\cellx4319\trrh66\row}}} {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh309 \pard\plain\intbl\cf1\f51\fs20\ql By:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\brdrb\brdrs\sa22\cf1\f51\fs20\ql /s/ Daniel A. Cartwright\cell{ {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh309\row}}} {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Name:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Daniel A. Cartwright\cell{ {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh248\row}}} {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Title:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql Chief Financial Officer\cell{ {\trowd\cellx553\clvertalb\cellx1028\cellx4320\trrh248\row}}}\pard\plain\sb264\cf1\f51\fs20\qc [Signature Page to Underwriting Agreement]\par\pard\plain\cf1\f51\fs24\ql \~ \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs20\b\ql Accepted as of the date hereof:\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx320\clvertalb\cellx593\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx320\clvertalb\cellx593\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4319\trrh248 \pard\plain\intbl\cf1\f51\fs20\b\ql Goldman Sachs\~& Co. LLC\cell{ {\trowd\cellx4319\trrh248\row}}} {\trowd\clvertalc\cellx320\clvertalc\cellx4319\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx320\clvertalc\cellx4319\trrh66\row}}} {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh309 \pard\plain\intbl\cf1\f51\fs20\b\ql By:\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\brdrb\brdrs\sa22\cf1\f51\fs20\b\ql /s/ Richard Cohn\cell{ {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh309\row}}} {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Name: Richard Cohn\cell{ {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh248\row}}} {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh248 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Title: Managing Director\cell{ {\trowd\cellx320\clvertalb\cellx593\cellx4320\trrh248\row}}}\pard\plain\sb264\fi462\cf1\f51\fs20\ql On behalf of each of the Underwriters\par\pard\plain\sb264\cf1\f51\fs20\qc [Signature Page to Underwriting Agreement] \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\par\pard\plain\cf1\f51\fs20\b\qc SCHEDULE I\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx7900\clvertalb\cellx8020\clvertalc\cellx8390\clvertalc\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalc\cellx9890\clvertalc\cellx10710\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx7900\clvertalb\cellx8020\clvertalc\cellx8390\clvertalc\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalc\cellx9890\clvertalc\cellx10710\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9310\clvertalb\cellx9400\clvertalb\cellx9520\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10710\clvertalb\cellx10800\trrh1386 \pard\plain\intbl\brdrb\brdrs\cf1\f51\fs16\b\ql Underwriter\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Number of \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Firm Shares \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc to be \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Purchased\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs16\b\qc Maximum \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Number of \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Optional \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Shares \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Which \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc May be \par\pard\plain\intbl\fs16\pard\plain\intbl\cf1\f51\fs16\b\qc Purchased\cell\pard\plain\intbl\cf1\f51\fs16\ql \~\cell{ {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9310\clvertalb\cellx9400\clvertalb\cellx9520\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10710\clvertalb\cellx10800\trrh1386\row}}} {\trowd\clshdng100\clcfpat11\clcbpat11\cellx7900\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8020\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8390\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9310\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9400\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9520\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9890\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10710\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10800\trrh248 \pard\plain\intbl\li176\fi-176\cf1\f51\fs20\ql Goldman Sachs\~& Co. LLC\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 7,647,059\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,147,059\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat11\clcbpat11\cellx7900\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8020\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8390\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9310\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9400\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9520\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9890\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10710\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10800\trrh248\row}}} {\trowd\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalb\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalb\cellx10800\trrh248 \pard\plain\intbl\li176\fi-176\cf1\f51\fs20\ql Cantor Fitzgerald\~& Co.\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 5,098,039\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 764,705\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalb\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalb\cellx10800\trrh248\row}}} {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalc\cellx10800\trrh35 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell{ {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalc\cellx10800\trrh35\row}}} {\trowd\clshdng100\clcfpat11\clcbpat11\cellx7900\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8020\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8390\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9310\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9400\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9520\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9890\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10710\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10800\trrh248 \pard\plain\intbl\li572\fi-176\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 12,745,098\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\qr 1,911,764\cell\pard\plain\intbl\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat11\clcbpat11\cellx7900\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8020\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx8390\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9310\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9400\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9520\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx9890\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10710\clvertalb\clshdng100\clcfpat11\clcbpat11\cellx10800\trrh248\row}}} {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalc\cellx10800\trrh80 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell\pard\plain\intbl\cf1\f51\fs1\ql \~\cell{ {\trowd\clvertalb\cellx7900\clvertalb\cellx8020\clvertalb\cellx8390\clvertalb\cellx9310\clvertalc\cellx9400\clvertalb\cellx9520\clvertalb\cellx9890\clvertalb\cellx10710\clvertalc\cellx10800\trrh80\row}}} \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\pard\plain\cf1\f51\fs20\b\qc SCHEDULE II\par\pard\plain\sb132\cf1\f51\fs20\ql (a) Issuer Free Writing Prospectuses not included in the Pricing Disclosure Package:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql Electronic roadshow dated July\~31, 2018\par\pard\plain\sb132\cf1\f51\fs20\ql (b) Additional Documents Incorporated by Reference:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql None\par\pard\plain\sb132\cf1\f51\fs20\ql (c) Information other than the Pricing Prospectus that comprise the Pricing Disclosure Package:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql The initial public offering price per share for the Shares is $5.10\par\pard\plain\fi462\cf1\f51\fs20\ql Number of Firm Shares: 12,745,098\par\pard\plain\fi462\cf1\f51\fs20\ql Number of Optional Shares: 1,911,764 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3}\par\pard\plain\cf1\f51\fs20\b\qr Exhibit 5.1\par\pard\plain\sb264\cf1\f51\fs20\qc [Letterhead of Greenberg Traurig, LLP]\par\pard\plain\sb264\cf1\f51\fs20\qc \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ \~\~\~\~\~\~\~\~\~\~\~\~August\~3, 2018\par\pard\plain\sb264\cf1\f51\fs20\ql TherapeuticsMD, Inc.\par\pard\plain\cf1\f51\fs20\ql 6800 Broken Sound Parkway NW\par\pard\plain\cf1\f51\fs20\ql Third Floor\par\pard\plain\cf1\f51\fs20\ql Boca Raton, FL 33487\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Re:\cell\pard\plain\intbl\cf1\f51\fs20\b\ql Shelf Registration Statement on Form S-3\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\sb264\cf1\f51\fs20\ql Ladies and Gentlemen:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql We have acted as legal counsel to TherapeuticsMD, Inc., a Nevada corporation (the \u8220?\plain\cf1\f51\fs20\ul\ql Company\plain\cf1\f51\fs20\ql \u8221?), in\plain\cf1\f51\fs20\ql connection with the issuance and sale by the Company of up to 14,656,862 shares (the \u8220?\plain\cf1\f51\fs20\ul\ql Shares\plain\cf1\f51\fs20\ql \u8221?) of its common\plain\cf1\f51\fs20\ql stock, par value $0.001 per share (\u8220?\plain\cf1\f51\fs20\ul\ql Common Stock\plain\cf1\f51\fs20\ql \u8221?), pursuant to (i)\~the Registration Statement on Form S-3 (File\plain\cf1\f51\fs20\ql No.\~333-226452) (the \u8220?\plain\cf1\f51\fs20\ul\ql Shelf Registration Statement\plain\cf1\f51\fs20\ql \u8221?) filed by the Company with the Securities and Exchange\plain\cf1\f51\fs20\ql Commission (the \u8220?\plain\cf1\f51\fs20\ul\ql Commission\plain\cf1\f51\fs20\ql \u8221?) on July\~31, 2018 under the Securities Act of 1933, as amended (the\plain\cf1\f51\fs20\ql \u8220?\plain\cf1\f51\fs20\ul\ql Securities Act\plain\cf1\f51\fs20\ql \u8221?), which became effective upon filing, and (ii)\~the Company\u8217?s prospectus supplement relating\plain\cf1\f51\fs20\ql to the Shares filed by the Company with the Commission on August\~2, 2018 pursuant to Rule 424(b)(2) under the Securities Act\plain\cf1\f51\fs20\ql (the \u8220?\plain\cf1\f51\fs20\ul\ql Prospectus\plain\cf1\f51\fs20\ql \u8221?). All of the Shares are to be issued and sold by the Company as described in the Shelf\plain\cf1\f51\fs20\ql Registration Statement and the Prospectus.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql With respect to the opinion set forth below, we have examined originals, certified copies, or copies otherwise identified to\plain\cf1\f51\fs20\ql our satisfaction as being true copies, of the following:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql A.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Amended and Restated Articles of Incorporation of the Company, as amended to date (the\plain\intbl\cf1\f51\fs20\ql \u8220?\plain\intbl\cf1\f51\fs20\ul\ql Charter\plain\intbl\cf1\f51\fs20\ql \u8221?);\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql B.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Bylaws of the Company, as amended to date;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql C.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Shelf Registration Statement;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql D.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Prospectus;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql E.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Underwriting Agreement, dated August\~1, 2018 (the \u8220?\plain\intbl\cf1\f51\fs20\ul\ql Underwriting Agreement\plain\intbl\cf1\f51\fs20\ql \u8221?), by and between\plain\intbl\cf1\f51\fs20\ql Goldman Sachs\~& Co. LLC and the Company;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh742 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql G.\cell\pard\plain\intbl\cf1\f51\fs20\ql The resolutions of the board of directors of the Company and the pricing committee of the board of directors of the\plain\intbl\cf1\f51\fs20\ql Company relating to the filing of the Shelf Registration Statement and the Prospectus and the transactions in\plain\intbl\cf1\f51\fs20\ql connection therewith and authorizing the issuance and sale of the Shares; and\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh742\row}}} \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\pard\plain\cf1\f51\fs20\ql TherapeuticsMD, Inc.\par\pard\plain\cf1\f51\fs20\ql August\~3, 2018\par\pard\plain\cf1\f51\fs20\ql Page 2\par\pard\plain\cf1\f51\fs16\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql H.\cell\pard\plain\intbl\cf1\f51\fs20\ql Such other documents, records and other instruments as we have deemed appropriate for purposes of the opinion set\plain\intbl\cf1\f51\fs20\ql forth herein.\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}}\pard\plain\sb132\fi462\cf1\f51\fs20\ql In rendering the opinion set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural\plain\cf1\f51\fs20\ql persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents\plain\cf1\f51\fs20\ql submitted to us as duplicates or certified or conformed copies and the authenticity of originals or such latter documents. As to\plain\cf1\f51\fs20\ql various questions of fact material to this opinion, we have relied, to the extent we deemed reasonably appropriate, upon\plain\cf1\f51\fs20\ql representations of officers or directors of the Company and upon documents, records and instruments furnished to us by the\plain\cf1\f51\fs20\ql Company, without independently checking or verifying the accuracy of such documents, records and instruments.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Based solely upon and subject to the foregoing, and subject to the assumptions, limitations and qualifications stated herein,\plain\cf1\f51\fs20\ql we are of the opinion that the Shares have been duly authorized for issuance by the Company and, when issued and sold by the\plain\cf1\f51\fs20\ql Company against payment therefor in the manner and under the terms described in the Shelf Registration Statement, the\plain\cf1\f51\fs20\ql Prospectus and the Underwriting Agreement, the Shares will be validly issued, fully paid and nonassessable.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql This opinion letter is limited to the matters stated herein and no opinions may be implied or inferred beyond the matters\plain\cf1\f51\fs20\ql expressly stated herein. We do not express any opinion herein concerning any law other than the laws of the State of Nevada and\plain\cf1\f51\fs20\ql the federal laws of the United States of America. Further, our opinion is based solely upon existing laws, rules and regulations\plain\cf1\f51\fs20\ql and we undertake no obligation to advise you of any changes that may be brought to our attention after the date hereof.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql We hereby consent to the filing of this opinion letter as an exhibit to the Current Report on Form 8-K relating to the\plain\cf1\f51\fs20\ql issuance of the Shares, which is incorporated by reference in the Shelf Registration Statement and to the reference to this firm\plain\cf1\f51\fs20\ql under the caption \u8220?Legal Matters\u8221? in the Prospectus constituting a part of the Shelf Registration Statement. In\plain\cf1\f51\fs20\ql giving such consent, we do not admit that we come within the category of persons whose consent is required by Section\~7 of the\plain\cf1\f51\fs20\ql Securities Act or the rules and regulations of the Commission thereunder.\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Very truly yours,\cell{ {\trowd\cellx4320\trrh248\row}}} {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql /s/ Greenberg Traurig, LLP\cell{ {\trowd\cellx4320\trrh248\row}}} {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Greenberg Traurig, LLP\cell{ {\trowd\cellx4320\trrh248\row}}} \page{\*\bkmkstart doc_1_4}{\*\bkmkend doc_1_4}\pard\plain\cf1\f51\fs20\b\qr Exhibit 5.2\par\pard\plain\sb264\cf1\f51\fs20\qc [Letterhead of Greenberg Traurig, LLP]\par\pard\plain\sb264\cf1\f51\fs20\qc \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ \~\~\~\~\~\~\~\~\~\~\~\~August\~3, 2018\par\pard\plain\sb264\cf1\f51\fs20\ql TherapeuticsMD, Inc.\par\pard\plain\cf1\f51\fs20\ql 6800 Broken Sound Parkway NW\par\pard\plain\cf1\f51\fs20\ql Third Floor\par\pard\plain\cf1\f51\fs20\ql Boca Raton, FL 33487\par\pard\plain\sb264\cf1\f51\fs20\ql Ladies and Gentlemen:\par\pard\plain\sb132\fi462\cf1\f51\fs20\ql We have acted as legal counsel to TherapeuticsMD, Inc., a Nevada corporation (the \u8220?\plain\cf1\f51\fs20\ul\ql Company\plain\cf1\f51\fs20\ql \u8221?), in\plain\cf1\f51\fs20\ql connection with the issuance and sale by the Company of 3,921,568 shares (the \u8220?\plain\cf1\f51\fs20\ul\ql Shares\plain\cf1\f51\fs20\ql \u8221?) of its common stock, par\plain\cf1\f51\fs20\ql value $0.001 per share (\u8220?\plain\cf1\f51\fs20\ul\ql Common Stock\plain\cf1\f51\fs20\ql \u8221?), pursuant to (i)\~the Registration Statement on Form S-3 (File\plain\cf1\f51\fs20\ql No.\~333-207837) (the \u8220?\plain\cf1\f51\fs20\ul\ql Shelf Registration Statement\plain\cf1\f51\fs20\ql \u8221?) filed by the Company with the Securities and Exchange\plain\cf1\f51\fs20\ql Commission (the \u8220?\plain\cf1\f51\fs20\ul\ql Commission\plain\cf1\f51\fs20\ql \u8221?) under the Securities Act of 1933, as amended (the \u8220?\plain\cf1\f51\fs20\ul\ql Securities Act\plain\cf1\f51\fs20\ql \u8221?),\plain\cf1\f51\fs20\ql which became effective on November\~17, 2015, and (ii)\~the Company\u8217?s prospectus supplement relating to the offering of\plain\cf1\f51\fs20\ql the Shares filed by the Company with the Commission on August\~2, 2018 pursuant to Rule 424(b)(2) under the Securities Act\plain\cf1\f51\fs20\ql (the \u8220?\plain\cf1\f51\fs20\ul\ql Prospectus\plain\cf1\f51\fs20\ql \u8221?). All of the Shares are to be issued and sold by the Company as described in the Shelf\plain\cf1\f51\fs20\ql Registration Statement and the Prospectus.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql With respect to the opinion set forth below, we have examined originals, certified copies, or copies otherwise identified to\plain\cf1\f51\fs20\ql our satisfaction as being true copies, of the following:\par\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql A.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Amended and Restated Articles of Incorporation of the Company, as amended to date (the\plain\intbl\cf1\f51\fs20\ql \u8220?\plain\intbl\cf1\f51\fs20\ul\ql Charter\plain\intbl\cf1\f51\fs20\ql \u8221?);\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql B.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Bylaws of the Company, as amended to date;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql C.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Shelf Registration Statement;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql D.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Prospectus;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh248\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql E.\cell\pard\plain\intbl\cf1\f51\fs20\ql The Subscription Agreement, dated July\~30, 2018 (the \u8220?\plain\intbl\cf1\f51\fs20\ul\ql Subscription Agreement\plain\intbl\cf1\f51\fs20\ql \u8221?), by and between\plain\intbl\cf1\f51\fs20\ql Knight Therapeutics Inc. and the Company;\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh742 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql G.\cell\pard\plain\intbl\cf1\f51\fs20\ql The resolutions of the board of directors of the Company and the pricing committee of the board of directors of the\plain\intbl\cf1\f51\fs20\ql Company relating to the filing of the Shelf Registration Statement and the Prospectus and the transactions in\plain\intbl\cf1\f51\fs20\ql connection therewith and authorizing the issuance and sale of the Shares; and\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh742\row}}}\pard\plain\cf1\f51\fs12\ql \~ \par\pard\plain {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\cf1\f51\fs20\ql H.\cell\pard\plain\intbl\cf1\f51\fs20\ql Such other documents, records and other instruments as we have deemed appropriate for purposes of the opinion set\plain\intbl\cf1\f51\fs20\ql forth herein.\cell{ {\trowd\clvertalc\cellx432\cellx864\cellx10800\trrh495\row}}} \page\par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par\pard\plain\cf1\f51\fs20\ql TherapeuticsMD, Inc.\par\pard\plain\cf1\f51\fs20\ql August\~3, 2018\par\pard\plain\cf1\f51\fs20\ql Page 2\par\pard\plain\cf1\f51\fs16\ql \~\par\pard\plain\fi462\cf1\f51\fs20\ql In rendering the opinion set forth below, we have assumed the genuineness of all signatures, the legal capacity of natural\plain\cf1\f51\fs20\ql persons, the authenticity of all documents submitted to us as originals, the conformity to original documents of all documents\plain\cf1\f51\fs20\ql submitted to us as duplicates or certified or conformed copies and the authenticity of originals or such latter documents. As to\plain\cf1\f51\fs20\ql various questions of fact material to this opinion, we have relied, to the extent we deemed reasonably appropriate, upon\plain\cf1\f51\fs20\ql representations of officers or directors of the Company and upon documents, records and instruments furnished to us by the\plain\cf1\f51\fs20\ql Company, without independently checking or verifying the accuracy of such documents, records and instruments.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql Based solely upon and subject to the foregoing, and subject to the assumptions, limitations and qualifications stated herein,\plain\cf1\f51\fs20\ql we are of the opinion that the Shares have been duly authorized for issuance by the Company and, when issued and sold by the\plain\cf1\f51\fs20\ql Company against payment therefor in the manner and under the terms described in the Shelf Registration Statement, the\plain\cf1\f51\fs20\ql Prospectus and the Subscription Agreement, the Shares will be validly issued, fully paid and nonassessable.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql This opinion letter is limited to the matters stated herein and no opinions may be implied or inferred beyond the matters\plain\cf1\f51\fs20\ql expressly stated herein. We do not express any opinion herein concerning any law other than the laws of the State of Nevada and\plain\cf1\f51\fs20\ql the federal laws of the United States of America. Further, our opinion is based solely upon existing laws, rules and regulations\plain\cf1\f51\fs20\ql and we undertake no obligation to advise you of any changes that may be brought to our attention after the date hereof.\par\pard\plain\sb264\fi462\cf1\f51\fs20\ql We hereby consent to the filing of this opinion letter as an exhibit to the Current Report on Form 8-K relating to the\plain\cf1\f51\fs20\ql issuance of the Shares, which is incorporated by reference in the Shelf Registration Statement and to the reference to this firm\plain\cf1\f51\fs20\ql under the caption \u8220?Legal Matters\u8221? in the Prospectus constituting a part of the Shelf Registration Statement. In\plain\cf1\f51\fs20\ql giving such consent, we do not admit that we come within the category of persons whose consent is required by Section\~7 of the\plain\cf1\f51\fs20\ql Securities Act or the rules and regulations of the Commission thereunder.\par\pard\plain\cf1\f51\fs24\ql \~ \par\pard\plain {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh815 \pard\plain\intbl\cf1\f51\fs20\ql Very truly yours,\par\pard\plain\intbl\cf1\f51\fs24\ql \~\par\pard\plain\intbl\sa22\cf1\f51\fs20\ql /s/ Greenberg Traurig, LLP\cell{ {\trowd\cellx4320\trrh815\row}}} {\trowd\clvertalc\cellx4320\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4320\trrh66\row}}} {\trowd\cellx4320\trrh248 \pard\plain\intbl\cf1\f51\fs20\ql Greenberg Traurig, LLP\cell{ {\trowd\cellx4320\trrh248\row}}}}