SUBSCRIPTION AGREEMENTSubscription Agreement • April 18th, 2018 • Sonic Foundry Inc • Radio & tv broadcasting & communications equipment • Wisconsin
This Subscription Agreement (this “Agreement”), dated April 16, 2018, is being delivered to Andrew Burish (the “Subscriber”) in connection with his investment in the securities of Sonic Foundry, Inc. a Maryland corporation (“Sonic Foundry”). Sonic Foundry is issuing up to 232,558 units (the “Units”) at a purchase price of $ 2.15 per Unit (the “Purchase Price”) with each Unit consisting of (i) one share (the “Shares”) of Sonic Foundry’s common stock, par value $0.001 per share, (the “Common Stock”), and (ii) a warrant which expires on April 16, 2025, in the form attached hereto as Exhibit A (the “Warrant”) to purchase one (1) share of Common Stock (the “Warrant Shares”) at an exercise price of $2.50 per share. For purposes of this Agreement, the term “Securities” shall refer to the Common Stock, the Warrants, and the Warrant Shares.
