On September 19, 2023 (the "Effective Date"), BioXcel Therapeutics, Inc. (the "Company"), Krishnan Nandabalan, Ph.D., InveniAI LLC ("InveniAI") and Invea Therapeutics, Inc. ("Invea") and the other parties thereto entered into a non-compete agreement (the "Non-Compete Agreement") (Filing, 8-K, BioXcel, SEP 19, 2023, View Source [SID1234635377]). Pursuant to the Non-Compete Agreement, Dr. Nandabalan and InveniAI and Invea, each where Dr. Nandabalan serves as Chief Executive Officer and a member of the board, agreed not to compete with the Company and its controlled affiliates in the fields of neuroscience and immuno-oncology for a period of five years from the Effective Date and not to solicit employees of the Company or its controlled affiliates for a period of two years from the Effective Date.

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The foregoing description of the Non-Compete Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Non-Compete Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.