Document:

EXHIBIT
4.4

 

THE
REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT THE SECURITIES EVIDENCED BY THIS UNIT PURCHASE
OPTION MAY NOT BE SOLD, TRANSFERED OR ASSIGNED EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS UNIT PURCHASE OPTION
AGREES THAT THE SECURITIES EVIDENCED BY THIS UNIT PURCHASE OPTION WILL NOT BE SOLD, TRANSFERED, ASSIGNED, PLEDGED OR HYPOTHECATED,
OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC
DISPOSITION OF THIS UNIT PURCHASE OPTION OR THE SECURITIES EVIDENCED BY THIS UNIT PURCHASE OPTION, FOR A PERIOD OF ONE HUNDRED
EIGHTY (180) DAYS FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) TO ANYONE OTHER THAN TO ANY MEMBER PARTICIPATING IN THE OFFERING
AND THE OFFICERS OR PARTNERS THEREOF, IF ALL SECURITIES SO TRANSFERRED REMAIN SUBJECT TO THE LOCK-UP RESTRICTION SET FORTH ABOVE
FOR THE REMAINDER OF THE TIME PERIOD.

 

UNIT
PURCHASE OPTION

 

FOR
THE PURCHASE OF [●] UNITS

 

OF
IMAC HOLDINGS, INC.

 

1.
Unit Purchase Option.

 

THIS
CERTIFIES THAT, in consideration of $100.00 duly paid by or on behalf of [_________________] (“Holder”), as
registered owner of this Unit Purchase Option, to IMAC Holdings, Inc. (the “Company”), Holder is entitled,
at any time or from time to time commencing on the 180th day after the effective date (the “Effective Date”)
of the registration statement (the “Registration Statement”) pursuant to which certain units of securities
are offered for sale to the public (the “Offering”) (the “Commencement Date”), and at or
before 5:00 p.m., Eastern Time, on the fifth anniversary of the Effective Date (the “Expiration Date”), but
not thereafter, to subscribe for, purchase and receive, in whole or in part, up to [●]1 units (the “Units”)
of the Company, each Unit consisting of one share of the Company’s common stock, par value $0.001 per share (the “Shares”)
and a warrant to purchase one Share (the “Warrant(s)”). Each Warrant is the same as the warrants included in
the Units being registered for sale to the public (the “Public Warrants”) under the Securities Act of 1933,
as amended (the “Act”). If the Expiration Date is a day on which banking institutions are authorized by law
to close, then this Unit Purchase Option may be exercised on the next succeeding day which is not such a day in accordance with
the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate
the Unit Purchase Option. This Unit Purchase Option is initially exercisable at $[●] per Unit (or 120% of the public offering
price of the unit of securities being sold in the Offering) so purchased; provided, however, that upon the occurrence of any of
the events specified in Section 5 hereof, the rights granted by this Unit Purchase Option, including the exercise price per Unit
and the number of Units to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise
Price” shall mean the initial exercise price or the adjusted exercise price, depending on the context.

 

2.
Exercise.

 

(a)
Exercise Procedure. In order to exercise this Unit Purchase Option, the exercise form attached hereto must be duly
executed and completed and delivered to the Company, together with this Unit Purchase Option and payment of the Exercise
Price for the Units being purchased payable in cash or by certified check or official bank check. If the subscription rights
represented hereby shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Unit Purchase
Option shall become and be void without further force or effect, and all rights represented hereby shall cease and
expire.

 

 

1
[Insert 4% of units issued excluding overallotment]

 

    	 

    	 

    

 

(b)
Legend. If required by applicable law at the time of any exercise, each certificate for the securities purchased under
this Unit Purchase Option shall bear a legend as follows unless such securities have been registered under the Act:

 

“The
securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Act”)
or applicable state law. The securities may not be offered for sale, sold or otherwise transferred except pursuant to an effective
registration statement under the Act, or pursuant to an exemption from registration under the Act and applicable state law.”

 

(c)
Cashless Exercise.

 

(i)
In lieu of the payment of the Exercise Price multiplied by the number of Units for which this Unit Purchase Option is exercisable
(and in lieu of being entitled to receive Shares and Warrants) in the manner required by Section 2(a), the Holder shall have the
right (but not the obligation) to convert any exercisable but unexercised portion of this Unit Purchase Option into Units consisting
of Shares and Warrants (the “Conversion Right”) as follows:

 

(A)
Upon exercise of the Conversion Right, the Company shall deliver to the Holder (without payment by the Holder of any of the Exercise
Price in cash) that number of Shares equal to the quotient obtained by dividing (x) the Value of the portion of the Unit Purchase
Option being converted by (y) the Current Market Price of a Share.

 

(B)
The “Value” of the portion of the Unit Purchase Option being converted shall equal the remainder derived by
subtracting (a) (i) the Exercise Price multiplied by (ii) the number of Units underlying the portion of this Unit Purchase Option
being converted, from (b) the Current Market Value of a Unit multiplied by the number of Units underlying the portion of the Unit
Purchase Option being converted.

 

(C)
As used herein, the term “Current Market Value” per Unit at any date means the remainder derived by subtracting
(x) the exercise price of the Warrants multiplied by the number of Shares issuable upon exercise of the Warrants underlying one
Unit from (y) the Current Market Price of the Shares multiplied by the number of Shares included within one Unit and underlying
the Warrants included within one Unit.

 

(D)
The “Current Market Price” of a Share shall mean (i) if the Shares are listed on a national securities exchange
or quoted on the OTCQB or OTCQX (or any successor exchange or entity), the closing or last sale price of the Shares in the principal
trading market for the Shares on the last trading day preceding the day in question as reported by the exchange, the OTCQB or
OTCQX, as the case may be; (ii) if the Shares are not listed on a national securities exchange or quoted on the OTCQB or OTCQX,
but are traded in the residual over-the-counter market, the closing bid price for the Shares on the last trading day preceding
the date in question for which such quotations are reported in the “Pink Sheets” published by OTC Markets Group, Inc.
or similar publisher of such quotations; and (iii) if the fair market value of the Shares cannot be determined pursuant to clause
(i) or (ii) above, such price as the Board of Directors of the Company shall determine, in good faith.

 

(ii)
The Cashless Exercise Right may be exercised by the Holder on any business day on or after the Commencement Date, and not later
than the Expiration Date, by delivering the Unit Purchase Option with the duly executed exercise form attached hereto with the
cashless exercise section completed to the Company, exercising the Cashless Exercise Right and specifying the total number of
Units the Holder will purchase pursuant to such Cashless Exercise Right.

 

    	2

    	 

    

 

(d)
Resale of Shares. Holder and the Company acknowledge that as of the date hereof the Staff of the Division of Corporation
Finance of the SEC has published Compliance & Disclosure Interpretation 528.04 in the Securities Act Rules section thereof,
stating that the holder of securities issued in connection with a public offering may not rely upon Rule 144 promulgated under
the Act to establish an exemption from registration requirements under Section 4(1) under the Act, but may nonetheless apply Rule
144 constructively for the resale of such shares in the following manner: (a) provided that six months has elapsed since the last
sale under the registration statement, an underwriter or finder may resell the securities in accordance with the provisions of
Rule 144(c), (e), and (f), except for the notice requirement; (b) a purchaser of the shares from an underwriter receives restricted
securities unless the sale is made with an appropriate, current prospectus, or unless the sale is made pursuant to the conditions
contained in (a) above; (c) a purchaser of the shares from an underwriter who receives restricted securities may include the underwriter’s
holding period, provided that the underwriter or finder is not an affiliate of the issuer; and (d) if an underwriter transfers
the shares to its employees, the employees may tack the firm’s holding period for purposes of Rule 144(d), but they must
aggregate sales of the distributed shares with those of other employees, as well as those of the underwriter or finder, for a
six-month period from the date of the transfer to the employees. Holder and the Company also acknowledge that the Staff of the
Division of Corporation Finance of the SEC has advised in various no-action letters that the holding period associated with securities
issued without registration to a service provider commences upon the completion of the services, which the Company agrees and
acknowledges shall be the closing of the Offering, and that Rule 144(d)(3)(ii) provides that securities acquired from the issuer
solely in exchange for other securities of the same issuer shall be deemed to have been acquired at the same time as the securities
surrendered for conversion (which the Company agrees is the date of the initial issuance of this Unit Purchase Option). In the
event that following a request by Holder to transfer the Shares in accordance with Compliance & Disclosure Interpretation
528.04 counsel for the Company reasonably concludes that Compliance & Disclosure Interpretation 528.04 no longer may be relied
upon as a result of changes in applicable laws, regulations, or interpretations of the SEC Division of Corporation Finance, or
as a result of judicial interpretations not known by the Company or its counsel on the date hereof (either, a “Registration
Trigger Event”), then the Company shall promptly, and in any event within five (5) business days following the request,
provide written notice to Holder of such determination. As a condition to giving such notice, the Company shall offer Holder a
single “piggyback” registration right pursuant to an agreement in form reasonably acceptable to the Holder; provided
that notwithstanding anything to the contrary, the obligations of the Company pursuant to this Section 2 shall terminate on the
fifth anniversary of the effective date of the Registration Statement pursuant to which the Offering is being made. In the absence
of such conclusion by counsel for the Company, the Company shall, upon request of Holder given no earlier than six months after
the final closing of the Offering, instruct its transfer agent to permit the transfer of such shares in accordance with Compliance
& Disclosure Interpretation 528.04, provided that Holder has provided such documentation as shall be reasonably be requested
by the Company to establish compliance with the conditions of Compliance & Disclosure Interpretation 528.04. Notwithstanding
anything to the contrary, pursuant to FINRA Rule 5110(f)(2)(G)(iv), the Holder shall not be entitled to more than one “piggyback”
registration right hereunder and the duration of the registration rights hereunder shall not exceed five years from the Effective
Date.

 

3.
Transfer.

 

(a)
Restrictions—General. The securities evidenced by this Unit Purchase Option shall not be sold, transferred, assigned,
pledged or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result
in the effective economic disposition of, this Unit Purchase Option (or any securities underlying this Unit Purchase Option) for
a period of one hundred eighty (180) days following the Effective Date to anyone other than to any member participating in the
offering and the officers or partners thereof, if all securities so transferred remain subject to the lock-up restriction set
forth above for the remainder of the time period. In order to make any permitted assignment, the Holder must deliver to the Company
the assignment form attached hereto duly executed and completed, together with the Unit Purchase Option and payment of all transfer
taxes, if any, payable in connection therewith. The Company shall within three business days transfer this Unit Purchase Option
on the books of the Company and shall execute and deliver a new Unit Purchase Option or Unit Purchase Options of like tenor to
the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Units purchasable hereunder or
such portion of such number as shall be contemplated by any such assignment.

 

(b)
Restrictions—Securities. The securities evidenced by this Unit Purchase Option shall not be transferred unless and
until (i) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an
exemption from registration under the Act and applicable state securities laws, the availability of which is established to the
reasonable satisfaction of the Company, or (ii) a registration statement or a post-effective amendment to the Registration Statement
relating to such securities has been filed by the Company and declared effective by the Securities and Exchange Commission (the
“Commission”) and compliance with applicable state securities law has been established.

 

    	3

    	 

    

 

4.
New Unit Purchase Options to be Issued.

 

(a)
Partial Exercise. Subject to the restrictions in Section 3 hereof, this Unit Purchase Option may be exercised or assigned
in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Unit Purchase Option
for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price,
the Company shall cause to be delivered to the Holder without charge a new Unit Purchase Option of like tenor to this Unit Purchase
Option in the name of the Holder evidencing the right of the Holder to purchase the number of Units purchasable hereunder as to
which this Unit Purchase Option has not been exercised or assigned.

 

(b)
Loss, Theft, Destruction. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or
mutilation of this Unit Purchase Option and of reasonably satisfactory indemnification or the posting of a bond, the Company shall
execute and deliver a new Unit Purchase Option of like tenor and date. Any such new Unit Purchase Option executed and delivered
as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of
the Company.

 

5.
Adjustments.

 

(a)
Exercise Price and Number of Securities. The Exercise Price and the number of Units underlying the Unit Purchase Option
shall be subject to adjustment from time to time as hereinafter set forth:

 

(i)
If after the date hereof, and subject to the provisions of Section 5(c) below, the number of outstanding Shares is increased by
a stock dividend payable in Shares or by a split-up of Shares or other similar event, then, on the effective date thereof, the
number of Shares underlying each of the Units purchasable hereunder shall be increased in proportion to such increase in outstanding
shares. In such case, the number of Shares, and the exercise price applicable thereto, underlying the Warrants underlying each
of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company
declares a two-for-one stock dividend and immediately prior to such dividend this Unit Purchase Option is for the purchase of
one Unit at $10.00 per whole Unit (with each Warrant underlying the Units being exercisable for $12.00 per share), upon effectiveness
of the dividend, this Unit Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit
entitling the holder to receive two Shares and two Warrants (each Warrant exercisable for $6.00 per share).

 

(ii)
If after the date hereof, and subject to the provisions of Section 5(c), the number of outstanding Shares is decreased by a consolidation,
combination or reclassification of the Shares or other similar event, then, on the effective date thereof, the number of Shares
underlying each of the Units purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In
such case, the number of Shares, and the exercise price applicable thereto, issuable upon exercise of the Warrants included in
each of the Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. For example, if the Company
effects a one-for-two stock reverse stock split and immediately prior to such stock split this Unit Purchase Option is for the
purchase of one Unit at $10.00 per whole Unit (with each Warrant underlying the Units being exercisable for $12.00 per share),
upon effectiveness of the stock split, this Unit Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00
per Unit, each Unit entitling the holder to receive 0.5 Shares and 0.5 Warrants (each Warrant exercisable for $24.00 per share).

 

(iii)
In case of any reclassification or reorganization of the outstanding Shares other than a change covered by Section 5(a)(i) or
5(a)(ii) hereof or that solely affects the par value of such Shares, or in the case of any merger or consolidation of the Company
with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and
that does not result in any reclassification or reorganization of the outstanding Shares), or in the case of any sale or conveyance
to another corporation or entity of the property of the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Holder of this Unit Purchase Option shall have the right thereafter (until the expiration
of the right of exercise of this Unit Purchase Option) to receive upon the exercise hereof, for the same aggregate Exercise Price
payable hereunder immediately prior to such event plus the aggregate exercise price of the Shares underlying the Warrants immediately
prior to such event, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such
reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, by a Holder
of the number of Shares of the Company obtainable upon exercise of this Unit Purchase Option and the underlying Warrants immediately
prior to such event; and if any reclassification also results in a change in Shares covered by Section 5(a)(i) or 5(a)(ii), then
such adjustment shall be made pursuant to Sections 5(a)(i) or 5(a)(ii) and this Section 5(a)(iii). The provisions of this Section
5(a)(iii) shall similarly apply to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

 

    	4

    	 

    

 

(iv)
This form of Unit Purchase Option need not be changed because of any change pursuant to this Section 5, and Unit Purchase Options
issued after such change may state the same Exercise Price and the same number of Units as are stated in the Unit Purchase Options
initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Unit Purchase Options reflecting
a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date
or the computation thereof.

 

(b)
Substitute Unit Purchase Option. In case of any consolidation of the Company with, or merger of the Company with, or merger
of the Company into, another corporation (other than a consolidation or merger which does not result in any reclassification or
change of the outstanding Shares), the corporation formed by such consolidation or merger shall execute and deliver to the Holder
a supplemental Unit Purchase Option providing that the holder of each Unit Purchase Option then outstanding or to be outstanding
shall have the right thereafter (until the stated expiration of such Unit Purchase Option) to receive, upon exercise of such Unit
Purchase Option, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or
merger, by a holder of the number of Shares of the Company for which such Unit Purchase Option might have been exercised immediately
prior to such consolidation, merger, sale or transfer. Such supplemental Unit Purchase Option shall provide for adjustments which
shall be identical to the adjustments provided in this Section 5. The above provision of this Section 5 shall similarly apply
to successive consolidations or mergers.

 

(c)
Fractional Interests. The Company shall not be required to issue certificates representing fractions of Shares or Warrants
upon the exercise of the Unit Purchase Option, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests,
it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest
whole number of Warrants, Shares or other securities, properties or rights.

 

6.
Reservation and Listing. The Company shall at all times reserve and keep available out of its authorized Shares, solely for
the purpose of issuance upon exercise of the Warrants underlying the Unit Purchase Option, such number of Shares or other securities,
properties or rights as shall be issuable upon the conversion or exercise thereof. The Company further covenants and agrees that
upon exercise of the Warrants underlying the Unit Purchase Option and payment of the respective Warrant exercise price therefor,
all Shares and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and
not subject to preemptive rights of any stockholder. As long as the Unit Purchase Option shall be outstanding, the Company shall
use its best efforts to cause all Shares issuable upon exercise of the Warrants included in the Units issuable upon exercise of
the Unit Purchase Option to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable
on the OTC Bulletin Board or any successor trading market) on which the Shares issued to the public in connection with the Offering
may then be listed and/or quoted.

 

7.
Certain Notice Requirements.

 

(a)
Right to Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent as a
stockholder for the election of directors or any other matter, or as having any rights whatsoever as a stockholder of the
Company. If, however, at any time prior to the expiration of the Unit Purchase Option and its exercise, any of the events
described in Section 7(b) shall occur, then, in one or more of said events, the Company shall give written notice of such
event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the
determination of the stockholders entitled to such dividend, distribution, conversion or exchange of securities or
subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall
specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing,
the Company shall deliver to each Holder a copy of each notice given to the other stockholders of the Company with respect to
the events enumerated in Section 7(b) at the same time and in the same manner that such notice is given to all stockholders,
even if less than fifteen days.

 

    	5

    	 

    

 

(b)
Enumerated Events. The Company shall be required to give the notice described in this Section 7 upon one or more of the
following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them to receive
a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained
earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company, or (ii) the Company
shall offer to all the holders of its Shares any additional shares of capital stock of the Company or securities convertible into
or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor, or (iii) a
dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or merger) or a sale of all
or substantially all of its property, assets and business shall be proposed.

 

(c)
Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant
to Section 5 hereof, send notice to the Holders of such event and change (the “Price Notice”). The Price Notice
shall describe the event causing the change and the method of calculating same and shall be certified as being true and accurate
by the Company’s President and Chief Financial Officer.

 

(d)
Notice Delivery. All notices, requests, consents and other communications under this Unit Purchase Option shall be in writing
and shall be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (i) If to
the registered Holder of the Unit Purchase Option, to the address of such Holder as shown on the books of the Company, or (ii)
If to the Company, to the following address or to such other address as the Company may designate by notice to the Holders:

 

IMAC
Holdings, Inc.

1605
Westgate Circle

Brentwood,
Tennessee 37027

Attn:
Chief Executive Officer

 

8.
Reserved.

 

9.
Miscellaneous.

 

(a)
Amendments. The Company and Dawson James Securities, Inc. (“Dawson”) may from time to time supplement
or amend this Unit Purchase Option without the approval of any of the Holders in order to cure any ambiguity, to correct or supplement
any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any other provisions
in regard to matters or questions arising hereunder that the Company and Dawson may deem necessary or desirable and that the Company
and Dawson deem shall not adversely affect the interest of the Holders. All other modifications or amendments shall require the
written consent of and be signed by the party against whom enforcement of the modification or amendment is sought.

 

(b)
Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way
limit or affect the meaning or interpretation of any of the terms or provisions of this Unit Purchase Option.

 

(c)
Entire Agreement. This Unit Purchase Option (together with the other agreements and documents being delivered pursuant
to or in connection with this Unit Purchase Option) constitutes the entire agreement of the parties hereto with respect to the
subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to
the subject matter hereof.

 

(d)
Binding Effect. This Unit Purchase Option shall inure solely to the benefit of, and shall be binding upon, the Holder and
the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person shall
have or be construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Unit Purchase
Option or any provisions herein contained.

 

    	6

    	 

    

 

(e)
Governing Law. This Unit Purchase Option shall be governed by and construed and enforced in accordance with the laws of
the State of New York, without giving effect to conflict of laws. The Company hereby agrees that any action, proceeding or claim
against it arising out of, or relating in any way to this Unit Purchase Option shall be brought and enforced in the courts of
the State of New York or of the United States of America for the Southern District of New York, and irrevocably submits to such
jurisdiction, which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and
that such courts represent an inconvenient forum. Any process or summons to be served upon the Company may be served by transmitting
a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set
forth in Section 7 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any
action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled
to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding
and/or incurred in connection with the preparation therefor.

 

(f)
Waivers. The failure of the Company or the Holder to at any time enforce any of the provisions of this Unit Purchase Option
shall not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Unit Purchase
Option or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this
Unit Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Unit Purchase
Option shall be effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement
of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed or deemed to
be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

 

(g)
Counterparts. This Unit Purchase Option may be executed in one or more counterparts, and by the different parties hereto
in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one
and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto
and delivered to each of the other parties hereto. Such counterparts may be delivered by facsimile transmission or other electronic
transmission.

 

(h)
Exchange Agreement. As a condition of the Holder’s receipt and acceptance of this Unit Purchase Option, Holder agrees
that, at any time prior to the complete exercise of this Unit Purchase Option by Holder, if the Company and Dawson enter into
an agreement (the “Exchange Agreement”) pursuant to which they agree that all outstanding Unit Purchase Options
will be exchanged for securities or cash or a combination of both, then Holder shall agree to such exchange and become a party
to the Exchange Agreement.

 

[Balance
of page intentionally left blank]

 

    	7

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Unit Purchase Option to be signed by its duly authorized officer as of the [●]
day of [●], 2018.

 

	 	IMAC
    Holdings, Inc.
	 	 	     
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Form
To Be Used To Exercise Unit Purchase Option

 

IMAC
Holdings, Inc.

1605
Westgate Circle

Brentwood,
Tennessee 37027

 

Attn:
Chief Executive Officer

 

Date:
                         ,
20__

 

The
undersigned hereby elects irrevocably to exercise all or a portion of the within Unit Purchase Option and to purchase        Units of
IMAC Holdings, Inc., and hereby makes payment of $          (at the rate of $            per Unit) in payment of the Exercise Price pursuant thereto.
Please issue the Shares and Warrants comprising the Units as to which this Unit Purchase Option is exercised in accordance with
the instructions given below.

 

or

 

The
undersigned hereby elects irrevocably to convert its right to purchase         Units purchasable under the within Unit Purchase Option
by surrender of the unexercised portion of the attached Unit Purchase Option (with a “Value” based of $            based on a
“Market Price” of $          ). Please issue the securities comprising the Units as to which this Unit Purchase Option is exercised
in accordance with the instructions given below.

 

	 	 
	 	Signature
	 	 
	 	 

 

INSTRUCTIONS
FOR REGISTRATION OF SECURITIES

 

	Name:	 	 
		(Print
    in Block Letters)	 
	 	 	 
	Address:	 	 

 

NOTICE:
THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN UNIT PURCHASE OPTION IN EVERY
PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS
BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.

 

    	 

    	 

    

 

Form
To Be Used To Assign Unit Purchase Option

 

ASSIGNMENT

 

(To
be executed by the registered Holder to effect a transfer of the within Unit Purchase Option)

 

FOR
VALUE RECEIVED,        does hereby sell, assign and transfer unto        the right to purchase        Units of IMAC Holdings, Inc., (the “Company”)
evidenced by the within Unit Purchase Option and does hereby authorize the Company to transfer such right on the books of the
Company.

 

Dated:
                 , 20__

 

	 	 
	 	Signature
	 	 
	 	 

 

NOTICE:
THE SIGNATURE TO THIS FORM MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE WITHIN UNIT PURCHASE OPTION IN EVERY
PARTICULAR WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A BANK, OTHER THAN A SAVINGS
BANK, OR BY A TRUST COMPANY OR BY A FIRM HAVING MEMBERSHIP ON A REGISTERED NATIONAL SECURITIES EXCHANGE.EXHIBIT
10.1

 

CERTIFICATE
OF AMENDMENT

OF

AMENDED
AND RESTATED CERTIFICATE OF INCORPORATION

OF

SPECIALTY
RENAL PRODUCTS, INC.

 

It
is hereby certified that:

 

FIRST:
Specialty Renal Products, Inc. is a corporation formed under the laws of the State of Delaware, and its Certificate of Incorporation
was initially filed in the office of the Secretary of State on July 2, 2018, and amended and restated on September 5, 2018.

 

SECOND:
This Amendment to the Certificate of Incorporation has been duly adopted by the directors and the stockholders of the Corporation
in accordance with the provisions of Sections 228 and 242 of the General Corporation Law of the State of Delaware.

 

THIRD:
The Certificate of Incorporation is hereby amended as follows:

 

A.
Section 2 of Article FOURTH is hereby deleted in its entirety and replaced with the following:

 

“2.
Liquidation, Dissolution or Winding Up; Certain Mergers, Consolidations and Asset Sales.

 

2.1
Preferential Payments to Holders of Series A Preferred Stock. In the event of any voluntary or involuntary liquidation,
dissolution or winding up of the Corporation (including any liquidation and dissolution following a Subsidiary Merger or Asset
Sale, as such terms are defined below), the holders of shares of Series A Preferred Stock then outstanding shall be entitled to
be paid out of the assets of the Corporation available for distribution to its stockholders or, in the case of a Constituent Merger
or the Available Proceeds (as defined below), before any payment shall be made to the holders of Common Stock by reason of their
ownership thereof, an amount per share equal to one times (1x) the Series A Original Issue Price, plus any Accruing Dividends
accrued but unpaid thereon, whether or not declared, together with any other dividends declared but unpaid thereon. If upon any
such liquidation, dissolution or winding up of the Corporation or any Constituent Merger, the assets of the Corporation available
for distribution to its stockholders shall be insufficient to pay the holders of shares of Series A Preferred Stock the full amount
to which they shall be entitled under this Section 2.1, the holders of shares of Series A Preferred Stock shall share ratably
in any distribution of the assets available for distribution in proportion to the respective amounts which would otherwise be
payable in respect of the shares held by them upon such distribution if all amounts payable on or with respect to such shares
were paid in full.

 

    	 	 	 

    	 

    

 

2.2
Payments to Holders of Common Stock. In the event of any voluntary or involuntary liquidation, dissolution or winding up
of the Corporation (including any liquidation and dissolution following a Subsidiary Merger or Asset Sale, as such terms are defined
below), after the payment in full of all Series A Liquidation Amounts required to be paid to the holders of shares of Series A
Preferred Stock the remaining assets of the Corporation available for distribution to its stockholders or, in the case of a Constituent
Merger, the consideration not payable to the holders of shares of Series A Preferred Stock pursuant to Section 2.1 or the
remaining Available Proceeds, as the case may be, shall be distributed among the holders of the shares of Series A Preferred Stock
and Common Stock, pro rata based on the number of shares held by each such holder, treating for this purpose all such securities
as if they had been converted to Common Stock pursuant to the terms of this Amended and Restated Certificate of Incorporation
immediately prior to such liquidation, dissolution or winding up of the Corporation. The aggregate amount which a holder of a
share of Series A Preferred Stock is entitled to receive under Subsections 2.1 and 2.2 is hereinafter referred to
as the “Series A Liquidation Amount.”

 

2.3
Other Liquidation Matters.

 

2.3.1
Definitions.

 

(a)
The term “Constituent Merger” means a merger or consolidation in which the Corporation is a constituent party,
except any such merger or consolidation in which the shares of capital stock of the Corporation outstanding immediately prior
to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent,
immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of (1) the surviving
or resulting corporation; or (2) if the surviving or resulting corporation is a wholly-owned subsidiary of another corporation
immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation.

 

(b)
The term “Subsidiary Merger” means a merger or consolidation in which a subsidiary of the Corporation is a
constituent party and the Corporation issues shares of its capital stock pursuant to such merger or consolidation, except any
such merger or consolidation in which the shares of capital stock of the Corporation outstanding immediately prior to such merger
or consolidation continue to represent, or are converted into or exchanged for shares of capital stock that represent, immediately
following such merger or consolidation, at least a majority, by voting power, of the capital stock of (1) the surviving or resulting
corporation; or (2) if the surviving or resulting corporation is a wholly-owned subsidiary of another corporation immediately
following such merger or consolidation, the parent corporation of such surviving or resulting corporation.

 

(c)
The term “Asset Sale” means the sale, lease, transfer, exclusive license or other disposition, in a single
transaction or series of related transactions, by the Corporation or any subsidiary of the Corporation of all or substantially
all the assets of the Corporation and its subsidiaries taken as a whole, or the sale or disposition (whether by merger, consolidation
or otherwise) of one or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and its subsidiaries
taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license or other
disposition is to a wholly owned subsidiary of the Corporation.

 

    	 	2	 

    	 

    

 

2.3.2
Effecting a Constituent Merger. The Corporation shall not have the power to effect a Constituent Merger unless the agreement
or plan of merger or consolidation for such transaction (the “Merger Agreement”) provides that the consideration
payable to the stockholders of the Corporation in such Constituent Merger shall be allocated among the holders of capital stock
of the Corporation in accordance with Subsections 2.1 and 2.2.

 

2.3.3
Events Triggering Liquidation. In the event of a Subsidiary Merger or an Asset Sale, the Board shall effect a dissolution
and liquidation of the Corporation under the General Corporation Law as soon as practicable thereafter (any
assets available for distribution to the stockholders of the Corporation, together with the consideration referred to in the immediately
preceding sentence, the “Available Proceeds”), and distribute any assets available for distribution in accordance
with Subsections 2.1 and 2.2 (taking into account any distribution already made pursuant to the immediately preceding
sentence). Prior to the full distribution provided for in this Subsection 2.3.2, the Corporation shall not expend or dissipate
the consideration received, if any, in any such Subsidiary Merger or Asset Sale, except to discharge expenses or liabilities (a)
incurred in connection with, or existing as of the consummation of, such Subsidiary Merger or Asset Sale, or (b) incurred in the
winding up and liquidation of the Corporation.

 

2.3.4
Amount Deemed Paid or Distributed. The
amount deemed paid or distributed to the holders of capital stock of the Corporation upon any Constituent Merger shall be the
cash or the value of the property, rights or securities paid or distributed to such holders by the Corporation or the acquiring
person, firm or other entity in connection with such merger. The value of such property, rights or securities shall be determined
in good faith by the Board (including at least one Series A Director if then in office).

 

2.3.5
Allocation of Escrow and Contingent Consideration. In the event of a Constituent Merger, if any portion of the consideration
payable to the stockholders of the Corporation is payable only upon satisfaction of contingencies (the “Additional Consideration”),
the Merger Agreement shall provide that (a) the portion of such consideration that is not Additional Consideration (such portion,
the “Initial Consideration”) shall be allocated among the holders of capital stock of the Corporation in accordance
with Subsections 2.1 and 2.2 as if the Initial Consideration were the only consideration payable in connection with
such Constituent Merger; and (b) any Additional Consideration which becomes payable to the stockholders of the Corporation upon
satisfaction of such contingencies shall be allocated among the holders of capital stock of the Corporation in accordance with
Subsections 2.1 and 2.2 after taking into account the previous payment of the Initial Consideration as part of the
same transaction. For the purposes of this Subsection 2.3.5, consideration placed into escrow or retained as a holdback
to be available for satisfaction of indemnification or similar obligations in connection with such Constituent Merger shall be
deemed to be Additional Consideration.”

 

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B.
Subsection 3.3.1 of Article FOURTH is hereby deleted in its entirety and replaced with the following:

 

“3.3.1
liquidate, dissolve or wind-up the business and affairs of the Corporation, effect any merger, consolidation, reorganization,
statutory plan of exchange, sale of all or substantially all of the assets or license substantially all of the key technology
or intellectual property of the Company or any subsidiary, including any Constituent Merger, Subsidiary Merger or Asset Sale,
or consent to any of the foregoing;”

 

C.
Subsection 4.1.2 of Article FOURTH is hereby deleted in its entirety and replaced with the following:

 

“4.1.2
Termination of Conversion Rights. In the event of a liquidation, dissolution or winding up of the Corporation or a Constituent
Merger, the Conversion Rights shall terminate at the close of business on the last full day preceding the date fixed for the payment
of any such amounts distributable on such event to the holders of Series A Preferred Stock. In the event that such Constituent
Merger is not consummated or if such Constituent Merger is consummated and such amounts distributable on such event are not paid
on such date with respect to any shares of Preferred Stock, the Conversion Rights with respect to such shares shall remain in
full force and effect.”

 

D.
Paragraph (b) of Subsection 4.10 of Article FOURTH is hereby deleted in its entirety and replaced with the following:

 

“(b)
of any capital reorganization of the Corporation, any reclassification of the Common Stock of the Corporation, or any Constituent
Merger, Subsidiary Merger or Asset Sale; or”

 

IN
WITNESS WHEREOF, this Certificate of Amendment has been executed by a duly authorized officer of this corporation on this 9th
day of December, 2018.

 

	 	SPECIALTY RENAL PRODUCTS, INC.
	 	 	 
	 	By:	/s/
    Daron Evans
	 	 	Daron
    Evans
	 	 	President
    & Chief Executive Officer

 

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