Document:

Exhibit 4.6

 

 

 

Notice of Grant of Stock Option

and

Terms and Conditions of Stock Option

 

	Grantee:		 	Award Number:		 
	Address:		 	ID:		 
	 		 	Plan:	2021 Omnibus Equity Incentive Plan
	 	 	 	 		 

 

	Type of Grant:	☐ Nonqualified Stock
    Option	 
	 	☐ Incentive Stock Option	 

 

 

 

Effective [___________] (the “Award
Date”), you (the “Grantee”) have been granted [an incentive][a nonqualified] stock option (the “Option”)
to buy [________] Shares1 of Common Stock of indie Semiconductor, Inc. (the “Corporation”) at a
price of $[_______] per Share1 (the “Exercise Price”).

 

The aggregate Exercise Price of the Shares subject
to the Option is $[__________].1

 

[The Option will become vested as to 25%
of the total number of Shares subject to the Option on each of the first, second, third and fourth anniversaries of the Award Date.1,
2]

 

The Option will expire on [_________]
(the “Expiration Date”).1, 2

 

 

 

By your signature and the Corporation’s
signature below, you and the Corporation agree that the Option is granted under and governed by the terms and conditions of the Corporation’s
2021 Omnibus Equity Incentive Plan (the “Plan”) and the Terms and Conditions of Stock Option (the “Terms”),
which are attached and incorporated herein by this reference. This Notice of Grant of Stock Option, together with the Terms, will be referred
to as your Option Agreement. The Option has been granted to you in addition to, and not in lieu of, any other form of compensation otherwise
payable or to be paid to you. Capitalized terms are defined in the Plan if not defined herein or in the Terms. You acknowledge receipt
of a copy of the Terms and the Plan.

 

	INDIE SEMICONDUCTOR, INC.,	 	GRANTEE
	a Delaware corporation	 	 
	 	 	 
	By:	        	 	
	 	 	Signature
	Print Name: 	                 	 	 
	 	 	 
	Its:		 	
	 	 	Print Name
	 	 	 
		 	
	Date	 	Date

 

 

1 Subject to adjustment under Article XV of the Plan.

2Subject to early termination under Section 5 of the Terms
and Section 15.4 of the Plan.

 

     

     

    

 

INDIE SEMICONDUCTOR, INC.

2021 OMNIBUS EQUITY INCENTIVE PLAN 

TERMS AND CONDITIONS OF STOCK OPTION

 

		1.	General.

 

These Terms and Conditions
of Stock Option (these “Terms”) apply to a particular stock option (the “Option”) if incorporated
by reference in the Notice of Grant of Stock Option (the “Grant Notice”) corresponding to that particular grant. The
recipient of the Option identified in the Grant Notice is referred to as the “Grantee.” The per Share exercise price
of the Option as set forth in the Grant Notice is referred to as the “Exercise Price.” The effective date of grant
of the Option as set forth in the Grant Notice is referred to as the “Award Date.” The exercise price and the number
of Shares covered by the Option are subject to adjustment under Article XV of the Plan.

 

The Option was granted under
and subject to the indie Semiconductor 2021 Omnibus Equity Incentive Plan (the “Plan”). Capitalized terms are defined
in the Plan if not defined herein. The Option has been granted to the Grantee in addition to, and not in lieu of, any other form of compensation
otherwise payable or to be paid to the Grantee. The Grant Notice and these Terms are collectively referred to as the “Option
Agreement” applicable to the Option.

 

		2.	Vesting; Limits on Exercise;
Incentive Stock Option Status.

 

The Option shall vest and
become exercisable in percentage installments of the aggregate number of Shares subject to the Option as set forth on the Grant Notice.
The Option may be exercised only to the extent the Option is vested and exercisable.

 

		●	Cumulative Exercisability. To the extent
that the Option is vested and exercisable, the Grantee has the right to exercise the Option (to the extent not previously exercised),
and such right shall continue, until the expiration or earlier termination of the Option.
	 	 	 

		●	No Fractional Shares. Fractional Share
interests shall be disregarded, but may be cumulated.
	 	 	 

		●	Minimum Exercise. No fewer than 100 Shares
(subject to adjustment under Article XV of the Plan) may be purchased at any one time, unless the number purchased is the total number
at the time exercisable under the Option.
	 	 	 

		●	ISO Status. The Option [is][is not] intended
as an incentive stock option within the meaning of Section 422 of the Code (an “ISO”). 
	 	 	 

		●	ISO Value Limit. If the aggregate fair
market value of the Shares with respect to which ISOs (whether granted under the Option or otherwise) first become exercisable by the
Grantee in any calendar year exceeds $100,000, as measured on the applicable Award Dates, the limitations of Section 7.3 of the Plan shall
apply and to such extent the Option will be rendered a nonqualified stock option.
	 	 	 

		3.	Continuance of Employment/Service Required; No Employment/Service
Commitment.

 

The vesting schedule applicable
to the Option requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable
installment of the Option and the rights and benefits under this Option Agreement. Employment or service for only a portion of the vesting
period, even if a substantial portion, will not entitle the Grantee to any proportionate vesting or avoid or mitigate a termination of
rights and benefits upon or following a termination of employment or services as provided in Section 5 below or under the Plan.

 

    2 

     

    

 

Nothing contained in this
Option Agreement or the Plan constitutes a continued employment or service commitment by the Corporation or any of its Affiliates, affects
the Grantee’s status, if he or she is an employee, as an employee at will who is subject to termination without cause, confers upon
the Grantee any right to remain employed by or in service to the Corporation or any Affiliate, interferes in any way with the right of
the Corporation or any Affiliate at any time to terminate such employment or service, or affects the right of the Corporation or any Affiliate
to increase or decrease the Grantee’s other compensation. Nothing in this Option Agreement, however, is intended to adversely affect
any independent contractual right of the Grantee without his/her consent thereto.

 

		4.	Method of Exercise of
Option.

 

4.1
The Option shall be exercisable by the delivery to the Secretary of
the Corporation (or such other person as the Committee may require pursuant to such administrative exercise procedures as the Committee
may implement from time to time) of:

 

		●	a written notice stating the number of Shares
to be purchased pursuant to the Option or by the completion of such other administrative exercise procedures as the Committee may require
from time to time,
	 	 	 

		●	payment in full for the Exercise Price of the
Shares to be purchased in cash, check or by electronic funds transfer to the Corporation; 
	 	 	 

		●	any written statements or agreements requested
by the Corporation or one of its Affiliates to provide assurances or representations as the Committee deems necessary or desirable to
assure compliance with all applicable legal and accounting requirements; and
	 	 	 

		●	satisfaction of the tax withholding provisions
of Section 17.3 of the Plan.
	 	 	 

The Committee also may, but
is not required to, authorize a non-cash payment alternative by one or more of the following methods (subject in each case to compliance
with all applicable laws, rules, regulations and listing requirements and further subject to such rules as the Committee may adopt as
to any such payment method):

 

		●	notice and third-party payment in such manner
as may be authorized by the Committee;
	 	 	 

		●	in Shares already owned by the Grantee, valued
at their fair market value (as determined under the Plan) on the exercise date;
	 	 	 

		●	a reduction in the number of Shares otherwise
deliverable to the Grantee (valued at their fair market value on the exercise date, as determined under the Plan) pursuant to the exercise
of the Option; or
	 	 	 

		●	a “cashless exercise” with a third
party who provides simultaneous financing for the purposes of (or who otherwise facilitates) the exercise of the Option.
	 	 	 

 

    3 

     

    

 

If the Option is intended
to be an ISO, the Option will qualify as an ISO only if it meets all of the applicable requirements of the Code. The Option may be rendered
a nonqualified stock option if the Committee permits the use of one or more of the non-cash payment alternatives referenced above.

 

		5.	Early Termination of Option.

 

5.1
Expiration Date. Subject to earlier termination as provided below in
this Section 5, the Option will terminate on the “Expiration Date” set forth in the Grant Notice (the “Expiration
Date”).

 

5.2
Possible Termination of Option upon Certain Corporate Events. The Option
is subject to termination in connection with certain corporate events as provided in Section 15.4 of the Plan.

 

5.3
Termination of Option upon a Termination of Grantee’s Employment or Services.
Subject to earlier termination on the Expiration Date of the Option or pursuant to Section 5.2 above, if the Grantee ceases to be employed
by or ceases to provide services to the Corporation or an Affiliate, the following rules shall apply (the last day that the Grantee is
employed by or provides services to the Corporation or an Affiliate is referred to as the Grantee’s “Severance Date”):

 

		●	other than as expressly provided below in this
Section 5.3, (a) the Grantee will have until the date that is 3 months after his or her Severance Date to exercise the Option (or portion
thereof) to the extent that it was vested on the Severance Date, (b) the Option, to the extent not vested on the Severance Date, shall
terminate on the Severance Date, and (c) the Option, to the extent exercisable for the 3-month period following the Severance Date and
not exercised during such period, shall terminate at the close of business on the last day of the 3-month period;
	 	 	 

		●	if the termination of the Grantee’s employment
or services is the result of the Grantee’s death or Total and Permanent Disability, (a) the Grantee (or his beneficiary or personal
representative, as the case may be) will have until the date that is 12 months after the Grantee’s Severance Date to exercise the
Option (or portion thereof) to the extent that it was vested on the Severance Date, (b) the Option, to the extent not vested on the Severance
Date, shall terminate on the Severance Date, and (c) the Option, to the extent exercisable for the 12-month period following the Severance
Date and not exercised during such period, shall terminate at the close of business on the last day of the 12-month period;
	 	 	 

		●	if the Grantee’s employment or services
are terminated by the Corporation or an Affiliate for Cause, the Option (whether vested or not) shall terminate on the Severance Date.

 

In all events the Option is
subject to earlier termination on the Expiration Date of the Option or as contemplated by Section 5.2. The Committee shall be the sole
judge of whether the Grantee continues to render employment or services for purposes of this Option Agreement.

 

Notwithstanding any post-termination
exercise period provided for herein or in the Plan, if the Option is intended to be an ISO, the Option will qualify as an ISO only if
it is exercised within the applicable exercise periods for ISOs under, and meets all of the other requirements of, the Code. If the Option
is not exercised within the applicable exercise periods for ISOs or does not meet such other requirements, the Option will be rendered
a nonqualified stock option.

 

    4 

     

    

 

		6.	Non-Transferability.

 

The Option and any other rights
of the Grantee under this Option Agreement or the Plan are nontransferable and exercisable only by the Grantee, except as set forth in
Section 17.5 of the Plan.

 

		7.	Notices.

 

Any notice to be given under
the terms of this Option Agreement shall be in writing and addressed to the Corporation at its principal office to the attention of the
Secretary, and to the Grantee at the Grantee’s last address reflected on the Corporation’s records, or at such other address
as either party may hereafter designate in writing to the other. Any such notice shall be given only when received, but if the Grantee
is no longer an employee of or in service to the Corporation, shall be deemed to have been duly given by the Corporation when enclosed
in a properly sealed envelope addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee
prepaid) in a post office or branch post office regularly maintained by the United States Government.

 

		8.	Plan.

 

The Option and all rights
of the Grantee under this Option Agreement are subject to the terms and conditions of the Plan, incorporated herein by this reference.
The Grantee agrees to be bound by the terms of the Plan and this Option Agreement. The Grantee acknowledges having read and understanding
the Plan, the Prospectus for the Plan, and this Option Agreement. Unless otherwise expressly provided in other sections of this Option
Agreement, provisions of the Plan that confer discretionary authority on the Board or the Committee do not and shall not be deemed to
create any rights in the Grantee unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board
or the Committee so conferred by appropriate action of the Board or the Committee under the Plan after the date hereof.

 

		9.	Entire Agreement.

 

This Option Agreement and
the Plan together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties
hereto with respect to the subject matter hereof. The Plan and this Option Agreement may be amended pursuant to Article XVI of the Plan.
Such amendment must be in writing and signed by the Corporation. The Corporation may, however, unilaterally waive any provision hereof
in writing to the extent such waiver does not adversely affect the interests of the Grantee hereunder, but no such waiver shall operate
as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof.

 

		10.	Governing Law.

 

This Option Agreement (including
the Notice) shall be governed by and construed and enforced in accordance with the laws of the State of Delaware without regard to conflict
of law principles thereunder.

 

		11.	Effect of this Agreement.

 

Subject to the Corporation’s
right to terminate the Option pursuant to Section 15.4 of the Plan, this Option Agreement shall be assumed by, be binding upon and inure
to the benefit of any successor or successors to the Corporation.

 

    5 

     

    

 

		12.	Counterparts; Electronic
Signature.

 

Option Agreement may
be signed and/or transmitted in one or more counterparts by facsimile, e-mail of a .PDF, .TIF, .GIF, .JPG or similar attachment or using
electronic signature technology (e.g., via DocuSign or similar electronic signature technology), all of which will be considered one and
the same agreement and will become effective when one or more counterparts have been signed by each of the parties hereto and delivered
to the other parties, it being understood that all parties need not sign the same counterpart, and that any such signed electronic record
shall be valid and as effective to bind the party so signing as a paper copy bearing such party’s hand-written signature. To the
extent a party signs this Option Agreement using electronic signature technology, by clicking “sign,” “accept,”
or similar acknowledgement of acceptance, such party is signing this Option Agreement electronically, and electronic signatures appearing
on this Option Agreement (or entered as to this Option Agreement using electronic signature technology) shall be treated, for purposes
of validity, enforceability and admissibility, the same as hand-written signatures.

 

		13.	Section Headings.

 

The section headings of this
Option Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof.

 

		14.	Clawback Policy.

 

The Option is subject to the
terms of the Corporation’s recoupment, clawback or similar policy as it may be in effect from time to time, as well as any similar
provisions of applicable law, any of which could in certain circumstances require forfeiture of the Option and repayment or forfeiture
of any Shares or other cash or property received with respect to the Option (including any value received from a disposition of the Shares
acquired upon exercise of the Option).

 

		15.	No Advice Regarding Grant.

 

The
Grantee is hereby advised to consult with his or her own tax, legal and/or investment advisors with respect to any advice the Grantee
may determine is needed or appropriate with respect to the Option (including, without limitation, to determine the foreign, state, local,
estate and/or gift tax consequences with respect to the Option and any Shares that may be acquired upon exercise of the Option). Neither
the Corporation nor any of its officers, directors, affiliates or advisors makes any representation (except for the terms and conditions
expressly set forth in this Option Agreement) or recommendation with respect to the Option. Except for the withholding rights contemplated
by Section 4 above and Section 17.3 of the Plan, the Grantee is solely responsible for any and all tax liability that may arise with respect
to the Option and any Shares that may be acquired upon exercise of the Option.

 

 

6Exhibit
4.1 

 

THIS
NOTE AND THE COMMON STOCK ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE “1933 ACT”)

 

US
$220,500.00 

 

ADHERA
THERAPEUTICS INC.

10%
CONVERTIBLE REDEEMABLE NOTE

DUE
AUGUST 9, 2022

  

FOR
VALUE RECEIVED, ADHERA THERAPEUTICS INC. (the “Company”) promises to pay to the order of SE HOLDINGS, LLC and its authorized
successors and Permitted Assigns, defined below, (“Holder”), the aggregate principal face amount Two Hundred Twenty
Thousand Five Hundred Dollars exactly (U.S. $220,500.00) on August 9, 2022 (“Maturity Date”) and to pay interest on
the principal amount outstanding hereunder at the rate of 10% per annum commencing on August 9, 2021 (“Issuance Date”).
The Company acknowledges this Note was issued with a $10,500.00 original issue discount and as such the purchase price was $210,000.00.
The interest will be paid to the Holder in whose name this Note is registered on the records of the Company regarding registration and
transfers of this Note. The principal of, and interest on, this Note are payable at 6130 W. Flamingo Rd. #1878, Las Vegas, NV 89103,
initially, and if changed, last appearing on the records of the Company as designated in writing by the Holder hereof from time to time.
The Company will pay each interest payment and the outstanding principal due upon this Note before or on the Maturity Date, less any
amounts required by law to be deducted or withheld, to the Holder of this Note by check or wire transfer addressed to such Holder at
the last address appearing on the records of the Company. The forwarding of such check or wire transfer shall constitute a payment of
outstanding principal hereunder and shall satisfy and discharge the liability for principal on this Note to the extent of the sum represented
by such check or wire transfer. Interest shall be payable in Common Stock (as defined below) pursuant to paragraph 4(b) herein. Permitted
Assigns means any Holder assignment, transfer or sale of all or a portion of this Note accompanied by an Opinion of Counsel as provided
for in Section 2(f) of the Securities Purchase Agreement.

 

This
Note is subject to the following additional provisions:

____

Initials

 

    	 

     

    

 

1.       This
Note is exchangeable for an equal aggregate principal amount of Notes of different authorized denominations, as requested by the Holder
surrendering the same. No service charge will be made for such registration or transfer or exchange, except that Holder shall pay any
tax or other governmental charges payable in connection therewith. To the extent that Holder subsequently transfers, assigns, sells or
exchanges any of the multiple lesser denomination notes, Holder acknowledges that it will provide the Company with Opinions of Counsel
as provided for in Section 2(f) of the Securities Purchase Agreement.

 

2.       The
Company shall be entitled to withhold from all payments any amounts required to be withheld under applicable laws.

 

3.       This
Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended (“Act”) and applicable
state securities laws. Any attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior to due presentment
for transfer of this Note, the Company and any agent of the Company may treat the person in whose name this Note is duly registered on
the Company’s records as the owner hereof for all other purposes, whether or not this Note be overdue, and neither the Company
nor any such agent shall be affected or bound by notice to the contrary. Any Holder of this Note electing to exercise the right of conversion
set forth in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a), and any prequalified prospective transferee
of this Note, also is required to give the Company written confirmation that this Note is being converted (“Notice of Conversion”)
in the form annexed hereto as Exhibit A. The date of receipt (including receipt by telecopy) of such Notice of Conversion shall
be the Conversion Date. All notices of conversion will be accompanied by an Opinion of Counsel.

 

4.(a)The
Holder of this Note is entitled, at its option, at any time after cash payment, to convert all or any amount of the principal face amount
of this Note then outstanding into shares of the Company’s common stock (the “Common Stock”) at a price for
each share of Common Stock equal to a fixed price of $0.075 per share (the “Fixed Price”). Provided, however
that in the event, the Company’s Common Stock trades below $0.08 per share for more than three (3) consecutive trading days, the
Holder of this Note is entitled, at its option, to convert all or any amount of the principal face amount of this Note then outstanding
into shares of the Company’s common stock (the “Common Stock”) at a price (“Conversion Price”) for each
share of Common Stock equal toto 65% of the lowest trading price of the Common Stock as reported on the National
Quotations Bureau OTC Marketplace exchange which the Company’s shares are traded or any exchange upon which the Common Stock may
be traded in the future (“Exchange”), for the twenty prior trading days including the day upon
which a Notice of Conversion is received by the Company or its transfer agent (provided such Notice of Conversion is delivered by fax
or other electronic method of communication to the Company or its transfer agent after 4 P.M. Eastern Standard or Daylight Savings Time
if the Holder wishes to include the same day closing price). If the shares have not been delivered within 3 business days, the Notice
of Conversion may be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common Stock to the Holder
within 3 business days of receipt by the Company of the Notice of Conversion. Accrued but unpaid interest shall be subject to conversion.
No fractional shares or scrip representing fractions of shares will be issued on conversion, but the number of shares issuable shall
be rounded to the nearest whole share. To the extent the Conversion Price of the Company’s Common Stock closes below the
par value per share, the Company will take all steps necessary to solicit the consent of the stockholders to reduce the par value to
the lowest value possible under law. The Company agrees to honor all conversions submitted pending this increase. In the event the
Company experiences a DTC “Chill” on its shares, the Conversion Price shall be decreased to 55% instead of 65% while that
“Chill” is in effect. In no event shall the Holder be allowed to effect a conversion if such conversion, along with all
other shares of Company Common Stock beneficially owned by the Holder and its affiliates would exceed 4.99% of the outstanding shares
of the Common Stock of the Company (which may be increased up to 9.9% upon 60 days’ prior written notice by the Investor). The
conversion discount, look back period and other terms will be adjusted on a ratchet basis if the Company offers a more favorable conversion
discount, prepayment rate, interest rate, (whether through a straight discount or in combination with an original issue discount), look
back period or other more favorable term to another party for any financings while this Note is in effect, including but not limited
to defaults, penalties and the remedy for such defaults or penalties, provided the net proceeds to the Company, in a single tranche,
are $220,500 or less.

____

Initials

  

    	2

     

    

 

(b)       Interest
on any unpaid principal balance of this Note shall be paid at the rate of 10% per annum. Interest shall be paid by the Company in Common
Stock (“Interest Shares”). Holder may, at any time, send in a Notice of Conversion to the Company for Interest Shares based
on the formula provided in Section 4(a) above. The dollar amount converted into Interest Shares shall be all or a portion of the accrued
interest calculated on the unpaid principal balance of this Note to the date of such notice.

 

(c)
The Notes may be prepaid or assigned with the following penalties/premiums: 

 

	PREPAY DATE	PREPAY AMOUNT
	≤ 60 days	110% of principal plus accrued interest
	61-90 days	115% of principal plus accrued interest
	91- 120 days 	125% of principal plus accrued interest
	121-180 days 	140% of principal plus accrued interest

 

This
Note may not be prepaid after the 180th day. Such redemption must be closed and funded within 3 days of giving notice of redemption
of the right to redeem shall be null and void. Any partial prepayments will be made in accordance with the formula set forth in the chart
above with respect to principal, premium and interest.

 

(d)
       Upon (i) a transfer of all or substantially all of the assets of the Company to any person
in a single transaction or series of related transactions, (ii) a reclassification, capital reorganization (excluding an increase in
authorized capital) or other change or exchange of outstanding shares of the Common Stock, other than a forward or reverse stock split
or stock dividend, or (iii) any consolidation or merger of the Company with or into another person or entity in which the Company is
not the surviving entity (other than a merger which is effected solely to change the jurisdiction of incorporation of the Company and
results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares of Common Stock) (each
of items (i), (ii) and (iii) being referred to as a “Sale Event”), then, in each case, the Company shall, upon request of
the Holder, redeem this Note in cash for 150% of the principal amount, plus accrued but unpaid interest through the date of redemption,
or at the election of the Holder, such Holder may convert the unpaid principal amount of this Note (together with the amount of accrued
but unpaid interest) into shares of Common Stock immediately prior to such Sale Event at the Conversion Price.

____

Initials

 

    	3

     

    

  

(e)
       In case of any Sale Event (not to include a sale of all or substantially all of the Company’s
assets) in connection with which this Note is not redeemed or converted, the Company shall cause effective provision to be made so that
the Holder of this Note shall have the right thereafter, by converting this Note, to purchase or convert this Note into the kind and
number of shares of stock or other securities or property (including cash) receivable upon such reclassification, capital reorganization
or other change, consolidation or merger by a holder of the number of shares of Common Stock that could have been purchased upon exercise
of the Note and at the same Conversion Price, as defined in this Note, immediately prior to such Sale Event. The foregoing provisions
shall similarly apply to successive Sale Events. If the consideration received by the holders of Common Stock is other than cash, the
value shall be as determined by the Board of Directors of the Company or successor person or entity acting in good faith.

 

5.       No
provision of this Note shall alter or impair the obligation of the Company, which is absolute and unconditional, to pay the principal
of, and interest on, this Note at the time, place, and rate, and in the form, herein prescribed.

 

6.       The
Company hereby expressly waives demand and presentment for payment, notice of non-payment, protest, notice of protest, notice of dishonor,
notice of acceleration or intent to accelerate, and diligence in taking any action to collect amounts called for hereunder and shall
be directly and primarily liable for the payment of all sums owing and to be owing hereto.

 

7.       The
Company agrees to pay all costs and expenses, including reasonable attorneys’ fees and expenses, which may be incurred by the Holder
in collecting any amount due under this Note.

 

8.       If
one or more of the following described “Events of Default” shall occur:

 

(a)       The
Company shall default in the payment of principal or interest on this Note or any other note issued to the Holder by the Company; or

 

(b)       Any
of the representations or warranties made by the Company herein or in any agreement entered into by the Company in connection with the
execution and delivery of this Note, shall be false or misleading in any respect; or

 

(c)       The
Company shall fail to perform or observe, in any respect, any covenant, term, provision, condition, agreement or obligation of the Company
under this Note or any other note issued to the Holder; or

 

(d)       The
Company shall (1) become insolvent (which does not include a “going concern opinion); (2) admit in writing its inability to pay
its debts generally as they mature; (3) make an assignment for the benefit of creditors or commence proceedings for its dissolution;
(4) apply for or consent to the appointment of a trustee, liquidator or receiver for its or for a substantial part of its property or
business; (5) file a petition for bankruptcy relief, consent to the filing of such petition or have filed against it an involuntary petition
for bankruptcy relief, all under federal or state laws as applicable; or

____

Initials

 

    	4

     

    

 

(e)       A
trustee, liquidator or receiver shall be appointed for the Company or for a substantial part of its property or business without its
consent and shall not be discharged within sixty (60) days after such appointment; or

 

(f)       Any
governmental agency or any court of competent jurisdiction at the instance of any governmental agency shall assume custody or control
of the whole or any substantial portion of the properties or assets of the Company; or

 

(g)       One
or more money judgments, writs or warrants of attachment, or similar process, in excess of fifty thousand dollars ($50,000) in the aggregate,
shall be entered or filed against the Company or any of its properties or other assets and shall remain unpaid, unvacated, unbonded or
unstayed for a period of fifteen (15) days or in any event later than five (5) days prior to the date of any proposed sale thereunder;
or

 

(h)       Defaulted
on or breached any term of any other purchase agreement or note or similar debt instrument into which the Company has entered and failed
to cure such default within the appropriate grace period; or

 

(i)       The
Company shall have its Common Stock delisted from an exchange (including the OTC Markets exchange) or, if the Common Stock trades on
an exchange, then trading in the Common Stock shall be suspended for more than 10 consecutive days or ceases to file its 1934 act reports
with the SEC;

 

(j)       If
a majority of the members of the Board of Directors of the Company on the date hereof are no longer serving as members of the Board;

 

(k)       The
Company shall not deliver to the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within 3 business
days of its receipt of a Notice of Conversion which includes an Opinion of Counsel expressing an opinion which supports the removal of
a restrictive legend; or

 

(l)
       The Company shall not replenish the reserve set forth in Section 12, within 3 business days
of the request of the Holder.

 

(m)       The
Company shall be delinquent in its periodic report filings with the Securities and Exchange Commission; or

 

(n)
       The Company shall cause to lose the “bid” price for its stock in a market (including
the OTC marketplace or other exchange). 

____

Initials

 

    	5

     

    

 

Then,
or at any time thereafter, unless cured within 5 days, and in each and every such case, unless such Event of Default shall have been
waived in writing by the Holder (which waiver shall not be deemed to be a waiver of any subsequent default) at the option of the Holder
and in the Holder’s sole discretion, the Holder may consider this Note immediately due and payable, without presentment, demand,
protest or (further) notice of any kind (other than notice of acceleration), all of which are hereby expressly waived, anything herein
or in any note or other instruments contained to the contrary notwithstanding, and the Holder may immediately, and without expiration
of any period of grace, enforce any and all of the Holder’s rights and remedies provided herein or any other rights or remedies
afforded by law. Upon an Event of Default, interest shall accrue at a default interest rate of 24% per annum or, if such rate is usurious
or not permitted by current law, then at the highest rate of interest permitted by law. In the event of a breach of Section 8(k) the
penalty shall be $250 per day the shares are not issued beginning on the 4th day after the conversion notice was delivered
to the Company. This penalty shall increase to $500 per day beginning on the 10th day. In an event of a breach of Section
8(h) the Holder may elect to utilize the same remedy available under the defaulted interest and such remedy shall be incorporated by
reference into the terms of this Note. The penalty for a breach of Section 8(n) shall be an increase of the outstanding principal amounts
by 20%. Further, if a breach of Section 8(m) occurs or is continuing after the 6 month anniversary of the Note, then the Holder shall
be entitled to use the lowest closing bid price during the delinquency period as a base price for the conversion. For example, if the
lowest closing bid price during the delinquency period is $0.01 per share and the conversion discount is 50% the Holder may elect to
convert future conversions at $0.005 per share.

 

If
the Holder shall commence an action or proceeding to enforce any provisions of this Note, including, without limitation, engaging an
attorney, then if the Holder prevails in such action, the Holder shall be reimbursed by the Company for its attorneys’ fees and
other costs and expenses incurred in the investigation, preparation and prosecution of such action or proceeding.

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day from the
time of the Holder’s written notice to the Company.

 

9.       In
case any provision of this Note is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable,
such provision shall be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity
and enforceability of the remaining provisions of this Note will not in any way be affected or impaired thereby.

 

10.       Neither
this Note nor any term hereof may be amended, waived, discharged or terminated other than by a written instrument signed by the Company
and the Holder.

 

11.       The
Company represents that it is not a “shell” issuer and has never been a “shell” issuer or that if it previously
has been a “shell” issuer that at least 12 months have passed since the Company has reported form 10 type information indicating
it is no longer a “shell” issuer. Further. The Company will instruct its counsel to either (i) write a 144 opinion to allow
for salability of the conversion shares or (ii) accept such opinion from Holder’s counsel.

____

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    	6

     

    

 

12.       The
Company shall issue irrevocable transfer agent instructions reserving 7,538,000 shares of its Common Stock for conversions under this
Note (the “Share Reserve”). Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled.
The Company shall pay all transfer agent costs associated with issuing and delivering the share certificates to Holder. If such amounts
are to be paid by the Holder, it may deduct such amounts from the Conversion Price. The Company should at all times reserve a minimum
of four times the amount of shares required if the note would be fully converted. The Holder may reasonably request increases from time
to time to reserve such amounts. The Company will instruct its transfer agent to provide the outstanding share information to the Holder
in connection with its conversions.

 

13.       The
Company will give the Holder direct notice of any corporate actions, including but not limited to name changes, stock splits, recapitalizations
etc. This notice shall be given to the Holder as soon as possible under law.

 

14.       If
it shall be found that any interest or other amount deemed interest due hereunder violates the applicable law governing usury, the applicable
provision shall automatically be revised to equal the maximum rate of interest or other amount deemed interest permitted under applicable
law. The Company covenants (to the extent that it may lawfully do so) that it will not seek to claim or take advantage of any law that
would prohibit or forgive the Company from paying all or a portion of the principal or interest on this Note.

 

15.       This
Note shall be governed by and construed in accordance with the laws of Nevada applicable to contracts made and wholly to be performed
within the State of Nevada and shall be binding upon the successors and assigns of each party hereto. The Holder and the Company hereby
mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State of New York or in the Federal
courts sitting in the county or city of New York. This Agreement may be executed in counterparts, and the facsimile transmission of an
executed counterpart to this Agreement shall be effective as an original.

____

Initials

 

    	7

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Note to be duly executed by an officer thereunto duly authorized.

 

	Dated:
    ____________ 	 
	 	 
	 	ADHERA
    THERAPEUTICS INC.
	 	 	 
	 	By:	               
	 	Title:	 

____

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    	8

     

    

 

EXHIBIT
A

 

NOTICE
OF CONVERSION

 

(To
be Executed by the Registered Holder in order to Convert the Note)

 

The
undersigned hereby irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of ADHERA THERAPEUTICS
INC. (“Shares”) according to the conditions set forth in such Note, as of the date written below.

 

If
Shares are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes and
charges payable with respect thereto.

 

	Date
    of Conversion: __________________________________________________________
	Applicable
    Conversion Price: ___________________________________________________
	Signature:
    _________________________________________________________________
	[Print
    Name of Holder and Title of Signer]
	Address:
    __________________________________________________________________ 
	__________________________________________________________________
	 
	SSN
    or EIN: ________________________________________________________________
	Shares
    are to be registered in the following name: _____________________________________________
	 
	Name:
    ____________________________________________________________________ 
	Address:
    __________________________________________________________________ 
	Tel:
    __________________________________ 
	Fax:
    __________________________________ 
	SSN
    or EIN: ____________________________
	 
	Shares
    are to be sent or delivered to the following account:
	 
	Account
    Name: _____________________________________________________________
	Address:
    __________________________________________________________________ 

____

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    	9

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