Lock-Up AgreementExchange Agreement • April 15th, 2019 • Immunic, Inc. • Pharmaceutical preparations
The undersigned (the “Lock-Up Participant”) is entering into this agreement in connection with that certain Exchange Agreement dated as of January 6, 2019 (the “Exchange Agreement”) among Vital Therapies, Inc, a Delaware corporation (“Vital”), Immunic AG (“Immunic”) and the shareholders of Immunic, whereby the shareholders of Immunic will contribute, transfer, assign and deliver all of the Common Shares and Preferred Shares of Immunic (collectively, the “Immunic Shares”) owned by them, and all of their rights with respect to such Immunic Shares, to Vital in exchange for shares of the common stock, par value $0.0001 per share, of Vital (the “Vital Common Stock”), with the result of Immunic becoming a wholly-owned subsidiary of Vital (the “Transaction”) and the Lock-Up Participant, as a holder of shares of Vital Common Stock and/or shares of Vital Common Stock issuable pursuant to the exercise of Vital Options and/or the vesting of Vital Severance RSUs. Capitalized terms used but not oth
