# EDGAR Filing Document

**Accession Number:** 0001347858
**File Stem:** 0001493152-25-028191
**Filing Date:** 2025-12
**Character Count:** 29515
**Document Hash:** 75dee86cd221009adf8e0623c96fe00c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-028191.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001493152-25-028191

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251217

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 22nd Century Group, Inc.
- **CENTRAL INDEX KEY:** 0001347858
- **STANDARD INDUSTRIAL CLASSIFICATION:** CIGARETTES [2111]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 980468420
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36338
- **FILM NUMBER:** 251580014

**BUSINESS ADDRESS:**
- **STREET 1:** 8560 MAIN STREET
- **STREET 2:** SUITE 4
- **CITY:** WILLIAMSVILLE
- **STATE:** IN
- **ZIP:** 14221
- **BUSINESS PHONE:** (716) 270-1523

**MAIL ADDRESS:**
- **STREET 1:** 8560 MAIN STREET
- **STREET 2:** SUITE 4
- **CITY:** WILLIAMSVILLE
- **STATE:** IN
- **ZIP:** 14221

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Touchstone Mining LTD
- **DATE OF NAME CHANGE:** 20051222

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the**

**Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported): December 17, 2025**

**22nd Century Group, Inc.**

(Exact Name of Registrant as Specified in Charter)

---

| | | |
|:---|:---|:---|
| **Nevada** | **001-36338** | **98-0468420** |
| (State or Other Jurisdiction of<br> Incorporation) | (Commission<br> File Number) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **321 Farmington Road** **, Mocksville, North Carolina** | **27028** |
| (Address of Principal Executive Office) | (Zip Code) |

---

Registrant's telephone number, including area code: **(716)** **270-1523**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading symbol** | **Name of each exchange on which registered** |
| Common Stock, $0.00001 par value | XXII | NASDAQ Capital Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

**Item 1.01** **Entry into a Material Definitive Agreement.**

*Preferred Stock Amendment*

On December 17, 2205, 22nd Century Group, Inc. (the "<u>Company</u>") entered into an Omnibus Amendment and Waiver (the "<u>Amendment Agreement</u>") with the holders ("<u>Holders</u>") of the outstanding Series A Convertible Preferred Stock (the "<u>Preferred Stock</u>") to amend the Securities Purchase Agreement, dated as of August 22, 2025 (as amended, the "<u>Purchase Agreements</u>"), the Certificate of Designations of Series A Convertible Preferred Stock (the "<u>Certificate of Designation</u>" and, such amendment, the "Certificate of Amendment") and the warrants issued pursuant to the Purchase Agreement and certain placement agent warrants (the "<u>Warrants</u>") issued in connection with the issuance of the Preferred Stock.

Pursuant to the Amendment Agreement, the Company and the Holders agreed to (i) change the Stockholder Approval Deadline (as defined in the Purchase Agreement) to February 23, 2026, (ii) seek Stockholder Approval to effect a reverse stock split for the purpose of complying with the Nasdaq Listing Rules, (iii) seek Stockholder Approval to approve an offering of the Company's securities including preferred stock and warrants on substantially the same terms as the Preferred Stock and Warrants, up to $20 million, (iv) amend the conditions by which the Company may sell shares under its ATM Facility (as defined in the Purchase Agreement), including that prior to the Stockholder Approval Deadline, the Company may only sell shares at a price per share equal to at least $2.00, and with no restrictions after obtaining Stockholder Approval (as defined in the Purchase Agreement); provided that, if such Stockholder Approval is not obtained by the Stockholder Approval Deadline, the Company may not sell shares under the ATM Facility until such time as the Stockholder Approval is obtained, (v) subject to Stockholder Approval, the Company may reduce the Conversion Price (as defined in the Certificate of Designation) currently in effect, upon approval and at the discretion of the Board, and (vi) subject to Stockholder Approval, provide an alternative conversion feature to the Certificate of Designation whereby the Preferred Stock can be converted at a conversion price equal to 85% of the lowest VWAP in any of the twenty trading days preceding the conversion.

*Warrant Amendment*

Pursuant to the Amendment Agreement, the Company also agreed to, subject to Stockholder Approval, provide certain ant-dilution adjustments to the exercise price of the Warrants to provide protection against future dilutive issuances.

The foregoing descriptions of the Amendment Agreement and Certificate of Amendment to the Certificate of Designation are not complete and are qualified in its entirety by reference to the full text of the forms of such agreements, a copies of which are filed as Exhibits 3.1 and 10.1 to this report and are incorporated by reference herein.

**Item 3.03** **Material Modification to Rights of Security Holders**

The matters described in Item 1.01 of this Current Report on Form 8-K related to the Preferred Stock and the Certificate of Amendment are incorporated herein by reference.

The description of the terms of revised terms of the Series A Preferred Stock under Item 1.01 and Item 5.03 is incorporated herein by reference.

**Item 5.03** **Amendments to Articles of Incorporation or Bylaws, Change in Fiscal Year** 

The Company will file a Certificate of Amendment of Certificate of Designations of Series A Convertible Preferred Stock ("Certificate of Amendment"). The description of the terms of the Preferred Stock Amendment under Item 1.01 is incorporated herein by reference.

The foregoing description of the Certificate of Amendment is not complete and is qualified in its entirety by reference to the full text of the form of such Certificate of Amendment, a copy of which is filed as Exhibit 3.1 to this report and is incorporated by reference herein.

**Item 9.01(d):** **Financial Statements and Exhibits.** 

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| | |
|:---|:---|
| Exhibit 3.1 | [Certificate of Amendment to Certificate of Designations of Series A Convertible Preferred Stock](ex3-1.htm) |
| Exhibit 10.1 | [Form of Omnibus Amendment and Waiver](ex10-1.htm) |
| Exhibit 104 | Cover Page Interactive Data File - The cover page XBRL tags are embedded within the inline XBRL document |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
|  | **22nd Century Group, Inc.** |
|  | */s/ Lawrence D. Firestone* |
| Date: December 17, 2025 | Lawrence D. Firestone |
|  | Chief Executive Officer |

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## Exhibit 3.1

**Exhibit 3.1**

**CERTIFICATE OF AMENDMENT OF**

**CERTIFICATE OF DESIGNATIONS OF**

**SERIES A CONVERTIBLE PREFERRED STOCK OF**

**22ND CENTURY GROUP, INC.**

This Certificate of Amendment to the Certificate of Designations of Series A Convertible Preferred Stock (the "**Amendment**") is dated as of [ ], 2025.

WHEREAS, the board of directors (the "**Board**") of 22nd Century Group, Inc., a Nevada corporation (the "**Company**"), pursuant to the authority granted to it by the Company's Certificate of Incorporation (as amended, the "**Certificate of Incorporation**") has previously fixed the rights, preferences, restrictions and other matters relating to a series of the Company's preferred stock, consisting of 10,650 authorized shares of preferred stock, classified as Series A Convertible Preferred Stock (the "**Preferred Stock**"), and the Certificate of Designations of the Preferred Stock (the "**Certificate of Designations**") was initially filed with the Secretary of State of the State of Nevada on [ ], 2025, evidencing such terms;

WHEREAS, pursuant to Section 8(l) of the Certificate of Designations, the Certificate of Designations or any provision thereof may be amended by obtaining the written consent of the holders owning a majority of the shares of Preferred Stock issued and outstanding on such date (the "**Required Holders**");

WHEREAS, the Required Holders pursuant to the Certificate of Designations have consented on [ ], 2025, to this Amendment on the terms set forth herein; and

WHEREAS, the Board has duly adopted resolutions proposing to adopt this Amendment and declaring this Amendment to be advisable and in the best interest of the Company and its stockholders.

NOW, THEREFORE, this Amendment has been duly adopted and has been executed by a duly authorized officer of the Company as of the date first set forth above to amend the terms of the Certificate of Designations as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. Section
 6 of the Certificate of Designations is hereby amended to add a new subsection (g) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Right of Alternate Conversion</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <u>General</u>. Subject to Section 6(d), at any time after the Stockholder Approval Date, the Holder may, at the Holder's option, convert (each, an "<u>Alternate Conversion</u>", and the date of such Alternate Conversion, each, an "<u>Alternate Conversion Date</u>") all, or any part of, the Conversion Amount (such portion of the Conversion Amount subject to such Alternate Conversion, each, an "<u>Alternate Conversion Amount"</u>) into shares of Common Stock at a conversion price equal to the higher of (i) 85% of the lowest daily VWAP in the twenty (20) Trading Days prior to the applicable Alternate Conversion Date, and (ii) the Floor Price (the "<u>Alternate Conversion Price</u>").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) <u>Mechanics of Alternate Conversion</u>. On any Alternate Conversion Date, the Holder may voluntarily convert any Alternate Conversion Amount pursuant to Section 6(g)(i) (with "Alternate Conversion Price" replacing "Conversion Price" for all purposes hereunder with respect to such Alternate Conversion) by designating in the Conversion Notice delivered pursuant to this Section 6(g)(ii) that the Holder is electing to use the Alternate Conversion Price for such conversion.

&nbsp;&nbsp;&nbsp;&nbsp;2. Section
 7 of the Certificate of Designations is hereby amended to add a new subsection (h) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <u>Voluntary Adjustment by Company</u>. Subject to the rules and regulations of the principal Market, the Company may at any time any shares of Preferred Stock remain outstanding, with the prior written consent of the Holders owning a majority of the shares of Preferred Stock issued and outstanding on such date, reduce the then current Conversion Price to any amount and for any period of time deemed appropriate by the Board of Directors, subject to the Floor Price.

[*Signature Page Follows*]

IN WITNESS WHEREOF, the Company has caused this Amendment to be signed by its duly authorized officer this [ ] day of December, 2025.

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| |
|:---|
| **22ND CENTURY GROUP, INC.** |
| By: |
| Name: |
| Title: |

---

## Exhibit 10.1

**Exhibit 10.1**

**OMNIBUS AMENDMENT and waiver**

This Omnibus Amendment and Waiver (this "<u>Agreement</u>"), dated as of [ ], 2025, is by and among 22nd Century Group, Inc., a Nevada corporation (the "<u>Company</u>"), and the signatories listed on the signature pages attached hereto (the "<u>Investors</u>").

WITNESSETH

Whereas, the Company and certain investors, including certain of the Investors, are party to (i) that certain Securities Purchase Agreement, dated as of August 22, 2025 (the "<u>Purchase Agreement</u>"), pursuant to which the Company issued in a registered direct offering (the "<u>Offering</u>") shares of the Company's Series A Convertible Preferred Stock, par value $0.00001 per share (the "<u>Preferred Stock</u>"), the terms of which are set forth in the Certificate of Designations for the Series A Convertible Preferred Stock (the "<u>Certificate of Designations</u>"), and warrants (the "<u>Investor Warrants</u>" and, together with the Purchase Agreement and Certificate of Designations, the "<u>Transaction Documents"</u>) to purchase shares of the Company's common stock, par value $0.00001 per share (the "<u>Common Stock</u>"), and (ii) that certain engagement letter, dated as of August 21, 2025, pursuant to which, in connection with the Offering, the Company issued placement agent warrants to purchase shares of Common Stock (the "<u>Placement Agent Warrants</u>" and, collectively with the Investor Warrants, the "<u>Warrants</u>");

WHEREAS, pursuant to the Purchase Agreement, the Company is required to obtain Stockholder Approval on or prior to the date that is ninety (90) days following the Closing Date (the "<u>Initial Stockholder Approval Deadline</u>");

WHEREAS, the Company has not obtained Stockholder Approval by the Initial Stockholder Approval Deadline;

WHEREAS, pursuant to (i) Section 8(l) of the Certificate of Designations, the Certificate of Designations or any provision thereof may be amended by the holders of a majority of the shares of Preferred Stock issued and outstanding, (ii) Section 5.5 of the Purchase Agreement, the Purchase Agreement may only be waived or amended by the Company and the purchasers of at least a majority in interest of the Preferred Shares based on the initial Subscription Amounts thereunder, and (iii) Section 5(l) of the Warrants, each Warrant may be amended with the written consent of the Company and the holder of each such Warrant;

WHEREAS, the Investors collectively hold at least a majority of the outstanding shares of Preferred Stock as of the date hereof and based on the initial Subscription Amount; and

WHEREAS, the Company and the Investors desire to waive and amend certain provisions of the Transaction Documents.

Now, therefore, in consideration of the premises and mutual covenants and obligations hereinafter set forth, the parties hereto, intending legally to be bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Definitions</u>.
 Capitalized terms used herein but not otherwise defined herein shall have the respective
 meanings given such terms in the Purchase Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Amendment to the Certificate of Designations</u>. The parties hereto hereby agree to amend the terms
 of the Preferred Stock as set forth in the Certificate of Amendment to the Certificate of
 Designations of the Preferred Stock in the form attached hereto as <u>Exhibit A</u> (the
 " <u>Amendment</u> "). The Company shall promptly file the Amendment with the Secretary
 of State of the State of Nevada and provide a copy thereof to each Investor promptly after
 such filing.

&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Amendment to the Purchase Agreement</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The parties hereto hereby
 agree that Section 4.12(b) of the Purchase Agreement is hereby amended and restated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) From
 the date hereof until the Shares of Preferred Stock are no longer outstanding, without the
 prior written consent of the Purchasers holding a majority in interest of the Shares, the
 Company shall be prohibited from effecting or entering into an agreement to effect any issuance
 by the Company or any of its Subsidiaries of Common Stock or Common Stock Equivalents (or
 a combination of units thereof) involving a Variable Rate Transaction. " <u>Variable Rate Transaction</u> " means a transaction in which the Company (i) issues or sells
 any debt or equity securities that are convertible into, exchangeable or exercisable for,
 or include the right to receive additional shares of Common Stock either (A) at a conversion
 price, exercise price or exchange rate or other price that is based upon and/or varies with
 the trading prices of or quotations for the shares of Common Stock at any time after the
 initial issuance of such debt or equity securities, or (B) with a conversion, exercise or
 exchange price that is subject to being reset at some future date after the initial issuance
 of such debt or equity security or upon the occurrence of specified or contingent events
 directly or indirectly related to the business of the Company or the market for the Common
 Stock or (ii) enters into, or effects any transaction under, any agreement, including, but
 not limited to, an equity line of credit or at-the-market offering, whereby the Company may
 issue securities at a future determined price (other than standard and customary "preemptive"
 or "participation" rights, pursuant to a shareholder rights plan or pursuant
 to an agreement with a third party for an investment, acquisition or other business combination
 transaction or pursuant to any program established whereby suppliers and/or vendors may acquire
 shares as an incentive to sell products); provided, however, the entry into and/or issuance
 of shares of Common Stock in an "at-the-market" facility shall not be deemed
 a Variable Rate Transaction, provided further that, (A) prior to the Stockholder Approval
 Deadline, the Company may only sell shares of Common Stock pursuant to such "at-the-market"
 facility (i) on any Trading Day between 9:30 a.m. and 4:00 p.m. (New York City time), (ii)
 in the amount of (x) up to 5% of the daily volume if the stock trades above 125% of the Conversion
 Price, and (y) up to 10% of the daily volume if stock trades above 150% of the Conversion
 Price, and (iii) at a price per share equal to at least $2.00 (subject to adjustment for
 any stock splits or similar transactions) (such "at-the-market" facility, the
 " <u>ATM Facility</u> "), and (B) if the Stockholder Approval is not obtained by
 the Stockholder Approval Deadline, the Company shall not be permitted to effectuate any sales
 under the ATM Facility until such Stockholder Approval is obtained. Any Purchaser shall be
 entitled to obtain injunctive relief against the Company to preclude any such issuance, which
 remedy shall be in addition to any right to collect damages.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 parties hereto hereby agree that the definition of "Stockholder Approval" included
 in Section 1.1 of the Purchase Agreement is hereby amended and restated as follows

"<u>Stockholder Approval</u>" means (i) such approval as may be required by the applicable rules and regulations of the Nasdaq Capital Market (or any successor entity) from the stockholders of the Company with respect to the transactions contemplated by the Transaction Documents, including with respect to the issuance of the shares underlying the Preferred Shares and Warrants, including but not limited to with respect to a Dilutive Issuance (as each defined in the Certificate of Designations and Warrants), (ii) approval from the Company's stockholders of an amendment to the Company's Amended and Restated Certificate of Incorporation, as amended, to effect a reverse stock split of all of the outstanding shares of the Company's Common Stock, for the purpose of complying with the Nasdaq Listing Rules, and (iii) approval from the Company's stockholders of an offering of the Company's securities, including preferred stock and warrants on substantially the same terms as the Securities under this Agreement, to be completed within three (3) months from the date of the stockholder meeting at which stockholder approval is obtained, in an aggregate amount not to exceed $20 million, with the initial conversion price of such preferred stock to equal to the Nasdaq Minimum Price (as defined in Nasdaq Listing Rule 5635(d)) and the initial exercise price of such warrants to equal the Nasdaq Minimum Price, in each case, as of the date the related binding agreement is executed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 parties hereto hereby agree that Section 4.15 of the Purchase Agreement is hereby amended
 and restated as follows:

<u>Stockholder Approval</u>. The Company shall hold an annual or special meeting of stockholders on or prior to February 23, 2026 (the "<u>Stockholder Approval Deadline</u>"), for the purpose of obtaining Stockholder Approval, with the recommendation of the Company's Board of Directors that such proposals are approved, and the Company shall solicit proxies from its stockholders in connection therewith in the same manner as all other management proposals in such proxy statement and all management-appointed proxyholders shall vote their proxies in favor of such proposals. If the Company does not obtain Stockholder Approval at the first meeting, the Company shall call a meeting every one-hundred twenty (120) days thereafter to seek Stockholder Approval until the earlier of the Stockholder Approval Date or the Warrants are no longer outstanding. If the Stockholder Approval is not obtained by February 23, 2026, each Purchaser may require the Company to redeem all or any of the shares of Preferred Stock by delivering written notice thereof (the "Redemption Notice") to the Company, which Redemption Notice shall indicate the number of shares of Preferred Stock the Purchaser is electing to redeem. Each share of Preferred Stock subject to redemption by the Company pursuant to the procedures specified in Section 6(f) of the Certificate of Designations and shall be redeemed in cash by the Company at a price equal to 100% of the Stated Value of each share of Preferred Stock being redeemed.

&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Amendment to the Warrants.</u> The parties hereto hereby agree that Section 3(b) of each of the Warrants
 held by the applicable Investors are hereby amended and restated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Subsequent Equity Sales</u>. Following the Stockholder Approval Date, if the Company or any Subsidiary
 thereof, as applicable, at any time while this Warrant is outstanding, shall sell, enter
 into an agreement to sell or grant any option to purchase, or sell or grant any right to
 reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option
 to purchase or other disposition) any Common Stock or Common Stock Equivalents, at an effective
 price per share less than the Exercise Price then in effect (such lower price, the " <u>Base Share Price</u> " and such issuances collectively, a " <u>Dilutive Issuance</u> ")
 (it being understood and agreed that if the holder of the Common Stock or Common Stock Equivalents
 so issued shall at any time, whether by operation of purchase price adjustments, reset provisions,
 floating conversion, exercise or exchange prices or otherwise, or due to warrants, options
 or rights per share which are issued in connection with such issuance, be entitled to receive
 shares of Common Stock at an effective price per share that is less than the Exercise Price,
 such issuance shall be deemed to have occurred for less than the Exercise Price on such date
 of the Dilutive Issuance at such effective price), then simultaneously with the consummation
 (or, if earlier, the announcement) of each Dilutive Issuance the Exercise Price shall be
 reduced and only reduced to equal the Base Share Price. Notwithstanding the foregoing, no
 adjustments shall be made, paid or issued under this Section 3(b) in respect of an Exempt
 Issuance. The Company shall notify the Holder, in writing, no later than the Trading Day
 following the issuance or deemed issuance of any Common Stock or Common Stock Equivalents
 subject to this Section 3(b), indicating therein the applicable issuance price, or applicable
 reset price, exchange price, conversion price and other pricing terms (such notice, the " <u>Dilutive Issuance Notice</u> "). For purposes of clarification, whether or not the Company provides
 a Dilutive Issuance Notice pursuant to this Section 3(b), upon the occurrence of any Dilutive
 Issuance, the Holder is entitled to receive a number of Warrant Shares, based upon the Base
 Share Price regardless of whether the Holder accurately refers to the Base Share Price in
 the Notice of Exercise. If the Company enters into a Variable Rate Transaction, the Company
 shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest possible
 price, conversion price or exercise price at which such securities may be issued, converted
 or exercised provided; however that the foregoing shall not apply to an "at-the-market"
 offering program or similar offering facility unless and until the Company actually sells
 shares under such program at a price per share less than the Exercise Price then in effect;
 provided, that, any adjustments that would have occurred hereunder prior to the Stockholder
 Approval Date, shall be applied pursuant to this Section 3(b) on the Stockholder Approval
 Date as if such event or Dilutive Issuance occurred on the Stockholder Approval Date.

&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Waiver of the Transaction Documents</u>. The Investors hereby agree to waive any and all covenants,
 breaches or violations of the Transaction Documents relating to the Company's failure
 to obtain Stockholder Approval by the Initial Stockholder Approval Deadline. The waiver shall
 be effective as of the date hereof and shall not apply to any future breach of the Transaction
 Documents by the Company for failure to obtain Stockholder Approval, as such term is modified
 by this Agreement, by the Stockholder Approval Deadline.

&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Counterparts; Facsimile Execution</u>. This Agreement may be executed in one or more counterparts (including
 by electronic mail, in PDF or by DocuSign or similar electronic signature), all of which
 shall be considered one and the same agreement and shall become effective when one or more
 counterparts have been signed by each of the parties and delivered to the other parties.
 Counterparts may be delivered via facsimile, electronic mail (including any electronic signature
 covered by the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act, the Electronic
 Signatures and Records Act or other applicable law, e.g., www.docusign.com) or other transmission
 method and any counterpart so delivered shall be deemed to have been duly and validly delivered
 and be valid and effective for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Governing Law</u>. THIS AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS
 REGARDING GOVERNING LAW SET FORTH IN SECTION 5.9 OF THE Purchase AGREEMENT, AND SUCH PROVISIONS
 ARE INCORPORATED HEREIN BY THIS REFERENCE, *MUTATIS MUTANDIS*.

&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Terms and Conditions of the Transaction Documents</u>. Except as waived or amended herein, all
 of the terms and conditions of the Transaction Documents shall remain in full force and effect.

[*Signature pages follow immediately*.]

In witness whereof, the undersigned has executed and delivered this Agreement as of the date first above written.

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| |
|:---|
| **22nd Century Group, Inc.** |
| By: |
| Name: |
| Title: |

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In witness whereof, the undersigned has executed and delivered this Agreement as of the date first above written.

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| |
|:---|
| Name of Investor: |
| By: |
| Name of Signatory: |
| Title: |

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[*Investor Signature Page to Omnibus Amendment*]