Exhibit 4.11


 


LOCK-UP AND
VOTING AGREEMENT


 


This
Lock-Up and Voting Agreement (this “Lock-Up and Voting Agreement”) is being delivered to you in connection with
an understanding by and between Titan Pharmaceuticals, Inc., a Delaware corporation (the “Company”), and
the person or persons named on the signature pages hereto (collectively, the “Holder”).


 


Reference
is hereby made to the public offering (the “Offering”) of securities of the Company, including shares (“Shares”)
of common stock, par value $0.001 per share, of the Company (the “Common Stock”), pursuant to the registration
statement on Form S-1 (File No. 333-249550) (“Registration Statement”). The Company is requiring a
lock-up and voting agreement in substance the same as this Lock-Up and Voting Agreement from all purchasers that purchase in excess
of $100,000 of Shares in the Offering (each, a “Purchaser”).


 


The
Holder agrees solely with the Company that, from the public announcement of the final pricing of the Offering (the “Effective
Date”) and ending at 5:00 pm (New York City time) on Friday, October 30, 2020 (such date, the “Lock-Up
Date” and such period, the “Restricted Period”), neither the Holder, nor any affiliate of the Holder
(“Affiliate”) which (x) had or has knowledge of the transactions contemplated by the Offering, (y) has
or shares discretion relating to the Holder’s investments or trading or information concerning the Holder’s investments,
including in respect of the Shares, or (z) is subject to the Holder’s review or input concerning such Affiliate’s
investments or trading (together, the “Holder’s Trading Affiliates”), collectively, shall sell, dispose
or otherwise transfer, directly or indirectly (including, without limitation, any sales, short sales, swaps or any derivative transactions
that would be equivalent to any sales or short positions), on any trading day on the primary trading market of the Company during
the Restricted Period, shares of Common Stock, including the Shares, beneficially owned by the Holder during the Restricted Period.


 


Additionally,
the Holder agrees to vote all shares of Common Stock it beneficially owns on and after the Lock-Up Date, including the Shares,
in favor of all of the proposals presented by the Company to the stockholders of the Company at the Company’s next meeting
of its stockholders, including at every adjournment or postponement thereof.


 


Notwithstanding
anything herein to the contrary, during the Restricted Period, the Holder may, directly or indirectly, sell or transfer all, or
any part, of the Restricted Shares to any third party (an “Assignee”) in a transaction which does not need to
be reported on the Nasdaq consolidated tape, without complying with (or otherwise limited by) the restrictions set forth in this
Lock-Up and Voting Agreement; provided that, as a condition to any such sale or transfer an authorized signatory of the Company
and such Assignee duly execute and deliver a Lock-Up and Voting Agreement in the form of this Lock-Up and Voting Agreement (an
 “Assignee Agreement”, and each such transfer, a “Permitted Transfer”).


 


Any
notices, consents, waivers or other communications required or permitted to be given under the terms of this Lock-Up and Voting
Agreement must be in writing and shall be delivered to the Holder at the e-mail address or facsimile number on the signature page hereto.


 


This
Lock-Up and Voting Agreement constitutes the entire agreement among the parties hereto with respect to the subject matter hereof
and supersedes all prior negotiations, letters and understandings relating to the subject matter hereof and are fully binding on
the parties hereto.


 


This
Lock-Up and Voting Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to
be an original, and all such counterparts shall constitute one and the same instrument. This Lock-Up and Voting Agreement may be
executed and accepted by facsimile or PDF signature and any such signature shall be of the same force and effect as an original
signature.


 






     


     


    

 


The
terms of this Lock-Up and Voting Agreement shall be binding upon and shall inure to the benefit of each of the parties hereto and
their respective successors and assigns.


 


This
Lock-Up and Voting Agreement may not be amended or modified except in writing signed by each of the parties hereto.


 


All
questions concerning the construction, validity, enforcement and interpretation of this Lockup and Voting Agreement shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof.


 


Each
party hereto acknowledges that, in view of the uniqueness of the transactions contemplated by this Lock-Up and Voting Agreement,
the other party or parties hereto will not have an adequate remedy at law for money damages in the event that this Lock-Up and
Voting Agreement has not been performed in accordance with its terms, and therefore agrees that such other party or parties shall
be entitled to seek specific enforcement of the terms hereof in addition to any other remedy it may seek, at law or in equity.


 


The
obligations of the Holder under this Lock-Up and Voting Agreement are several and not joint with the obligations of any other holder
of any of the Shares issued under the Registration Statement (each, an “Other Holder”), and the Holder shall
not be responsible in any way for the performance of the obligations of any Other Holder under any such other agreement. Nothing
contained in this Lock-Up and Voting Agreement, and no action taken by the Holder pursuant hereto, shall be deemed to constitute
the Holder and Other Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption
that the Holder and the Other Holders are in any way acting in concert or as a group with respect to such obligations or the transactions
contemplated by this Lock-Up and Voting Agreement and the Company acknowledges that the Holder and the Other Holders are not acting
in concert or as a group with respect to such obligations or the transactions contemplated by this Lock-Up and Voting Agreement
or any other agreement. The Company and the Holder confirm that the Holder has independently participated in the negotiation of
the transactions contemplated hereby with the advice of its own counsel and advisors. The Holder shall be entitled to independently
protect and enforce its rights, including, without limitation, the rights arising out of this Lock-Up and Voting Agreement, and
it shall not be necessary for any Other Holder to be joined as an additional party in any proceeding for such purpose.


 


The
Company hereby represents and warrants as of the date hereof and covenants and agrees from and after the date hereof that none
of the terms offered to any Other Holder with respect to any restrictions on the sale of Shares substantially in the form of this
Lock-Up and Voting Agreement (or any amendment, modification, waiver or release thereof) (each an “Other Agreement”),
is or will be more favorable to such Other Holder than those of the Holder and this Lock-Up and Voting Agreement, and the Company
agrees to use reasonable best efforts to enforce the terms of any Other Agreement. If, and whenever on or after the date hereof,
the Company enters into an Other Agreement with terms that are materially different from this Lock-Up and Voting Agreement, then
(i) the Company shall provide notice thereof to the Holder promptly following the occurrence thereof and (ii) the terms
and conditions of this Lock-Up and Voting Agreement shall be, without any further action by the Holder or the Company, automatically
amended and modified in an economically and legally equivalent manner such that the Holder shall receive the benefit of the more
favorable terms and/or conditions (as the case may be) set forth in such Other Agreement; provided that, upon written notice to
the Company, at any time the Holder may elect not to accept the benefit of any such amended or modified term or condition, in which
event the term or condition contained in this Lock-Up and Voting Agreement shall apply to the Holder as it was in effect immediately
prior to such amendment or modification as if such amendment or modification never occurred with respect to the Holder. The provisions
of this paragraph shall apply similarly and equally to each Other Agreement.


 


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The
parties hereto have executed this Lock-Up and Voting Agreement as of the date first set forth above.


 


 


TITAN PHARMACEUTICALS, INC.


 


 


	By:	         	 
	Name:	 
	Title:	 
	E-mail:	 
	Facsimile:	 



 


[Signature Page to
Lock-Up and Voting Agreement]


 



     


     


    




 


The
parties hereto have executed this Lock-Up and Voting Agreement as of the date first set forth above.


 


Agreed to and Acknowledged:


 


 


	HOLDER	 
	 	 
	 	 
	 	 
	 	 
	 	 
	By:	 	 
	Name:	 
	Title:	 
	E-mail:	 
	Facsimile:	 






 


[Signature Page to
Lock-Up and Voting Agreement]