Document:

Exhibit
10.4

 

FORM
OF LOCK-UP AND SUPPORT AGREEMENT

 

THIS
LOCK-UP AND SUPPORT AGREEMENT (this “Agreement”)
is made and entered into as of November 11, 2020, by and among Akers Biosciences, Inc. (the “Company”) and
the undersigned stockholder of the Company (the “Stockholder”).

 

RECITALS

 

A.       WHEREAS,
on November 11, 2020, the Stockholder and the Company entered into a Securities Purchase Agreement (the “SPA”
and capitalized terms used herein but not otherwise defined herein shall have the respective meanings given such terms in the
SPA), pursuant to which the Stockholder purchased shares of the Company’s common stock, no par value (the “Common
Stock”);

 

B.       WHEREAS,
as an inducement to enter into the SPA, and as one of the conditions to the consummation of the transactions contemplated
by the SPA, the Stockholder has agreed to enter into this Agreement; and

 

C.       WHEREAS,
the Stockholder agrees, among the other agreements set forth below, to vote the shares of Common Stock over which Stockholder
has voting power (the “Shares”) as described below.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
agree as follows:

 

1.       Agreement
to Vote Shares.

 

(a)       From
the date hereof until the Expiration Date (as defined below), at every meeting of the stockholders of the Company, and at every
adjournment or postponement thereof, and on any action or approval by written consent of the stockholders of the Company, in each
case, Stockholder (in its capacity as a stockholder) shall appear at the meeting or shall issue a proxy to a third party or otherwise
cause Stockholder’s Shares to be present for purposes of establishing a quorum and shall either in person or by proxy vote
such Shares in favor of each matter proposed and recommended for approval by the Company’s Board of Directors or management
at such meeting. For clarity, the foregoing provisions shall apply with respect to any meeting of the stockholders of the Company
called for the purpose of approving the Merger and all matters related to the Merger.

 

(b)       If
Stockholder is the beneficial owner, but not the record holder, of the Shares, the Stockholder agrees to take all actions necessary
to cause the record holder and any nominees to vote all of Stockholder’s Shares in the manner provided in Section 1(a).

 

2.       Representations
and Warranties of each Stockholder. Stockholder represents and warrants to the Company:

 

(a)       Stockholder
has, not by act or omission, taken any step or entered any obligation which would result in its not having, full legal power,
authority and right to vote or to direct the voting of all Stockholder’s Shares then owned of record or beneficially by
Stockholder as described in this Agreement, without the consent or approval of, or any other action on the part of, any other
person. Without limiting the generality of the foregoing, Stockholder has not entered into any voting agreement (other than this
Agreement) with any person with respect to any of Stockholder’s Shares, granted any person any proxy (revocable or irrevocable)
or power of attorney with respect to any of Stockholder’s Shares, deposited any of Stockholder’s Shares in a voting
trust, or entered into any arrangement or agreement with any person limiting or affecting his legal power, authority or right
to vote Stockholder’s Shares on any matter.

 

(b)       The
execution and delivery of this Agreement and the performance by Stockholder of the covenants and obligations hereunder will not
result in any breach or violation of or be in conflict with or constitute a default under any term of any agreement, judgment,
injunction, order, decree, law, regulation or arrangement to which the Stockholder is a party or by which the Stockholder (or
any of its assets) is bound.

 

    	 

    	 

    

 

3.       Restriction
on Transfer of Voting Rights. Until the earlier of (a) the termination of the Merger Agreement or (b) the date that the Stockholder
votes its Shares in support of the Merger and all matters related to the Merger in accordance with Section 1 and such vote is
irrevocable, the Stockholder will not, directly or indirectly, without the prior written consent of the Company, transfer, assignor
or dispose of the Stockholder’s right to vote the Shares or otherwise take any act that could restrict or otherwise affect
its legal power, authority or right to vote all of such Shares in the manner required by Section 1 hereof. Without limiting the
generality of the foregoing, the Stockholder shall take all reasonably necessary action to ensure that (a) none of the Stockholder’s
Shares are deposited into a voting trust, (b) no proxy (revocable or irrevocable) or power of attorney is granted, and no other
voting agreement or similar agreement is entered into, with respect to any of the Stockholder’s Shares and/or (c) such Shareholder
retains the legal power, authority and right to vote all of the Shares. For clarity, nothing in this Section 3 shall prohibit
the disposition of the Stockholder’s economic interest in the shares through hypothecation, hedging, cash settlement or
otherwise.

 

4.       Termination.
This Agreement shall terminate for Stockholder on May 31, 2021 (the “Expiration Date”).

 

5.       Miscellaneous
Provisions.

 

(a)       Amendments,
Modifications and Waivers. No amendment, modification or waiver in respect of this Agreement shall be effective against any
party unless it shall be in writing and signed by the undersigned Stockholder and the Company.

 

(b)       Entire
Agreement. This Agreement constitutes the entire agreement among the parties to this Agreement and supersedes all other prior
agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof.

 

(c)       Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without regard
to any applicable principles of conflicts of law thereof. The parties submit to the exclusive jurisdiction of that state and federal
courts located in New York County, New York for any action, dispute or proceeding arising out of this Agreement.

 

(d)       Assignment
and Successors. This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties
hereto. This Agreement and all the provisions hereof may not be assigned by Stockholder or the Company without the prior written
consent of the other party. Stockholder is free to transfer its Shares, but any transferee of Stockholder’s Shares must
enter into a joinder to this Agreement (no joinder is required if such Shares are transferred in anonymous open market trading
in ordinary brokerage transactions that are not pre-arranged or pre-solicited).

 

(e)       No
Third Party Rights. Nothing in this Agreement, express or implied, is intended to or shall confer upon any Person (other than
the parties hereto) any right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

 

(g)       Severability.
If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in
part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

 

(h)       Specific
Performance; Injunctive Relief. Purchaser acknowledges that the Company may be irreparably harmed and that there may be no
adequate remedy at law for a breach of any of the covenants or agreements of Purchaser set forth in this Agreement. Therefore,
Purchaser hereby agrees that, in addition to any other remedies that may be available to the Company upon any such breach, the
Company shall have the right to seek specific performance, injunctive relief or any other remedies available to such party at
law or in equity.

 

    	2

    	 

    

 

(i)       Notices.
All notices, consents, requests, claims, demands and other communications under this Agreement shall be in writing (which shall
include communications by e-mail) and shall be delivered (a) in person or by courier or overnight service, or (b) by e-mail with
a copy delivered as provided in clause (a):

 

If
to the Company:

 

Akers
Biosciences, Inc.

201
Grove Road

Thorofare,
New Jersey 08086

Attn:
Executive Chairman

 

If
to a Stockholder:

 

As
set forth in the SPA

 

or
to such other address as the parties hereto may designate in writing to the other in accordance with this Section 6(i). Any party
may change the address to which notices are to be sent by giving written notice of such change of address to the other parties
in the manner above provided for giving notice. If delivered personally or by courier, the date on which the notice, request,
instruction or document is delivered shall be the date on which such delivery is made and if delivered by e-mail transmission
or mail as aforesaid, the date on which such notice, request, instruction or document is received shall be the date of delivery.

 

(j)       Counterparts.
This Agreement may be executed in several counterparts, each of which shall be deemed an original and all of which shall constitute
one and the same instrument, and shall become effective when counterparts have been signed by each of the parties and delivered
to the other parties; it being understood that all parties need not sign the same counterpart.

 

(k)       Headings.
The headings contained in this Agreement are for the convenience of reference only, shall not be deemed to be a part of this Agreement
and shall not be referred to in connection with the construction or interpretation of this Agreement.

 

[Signatures
on the Following Pages]

 

    	3

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Lock-Up and Support Agreement as of the date first written above.

 

	 	COMPANY:
	 	 
	 	AKERS
    BIOSCIENCES, INC.
	 	 
	 	By:
    	                            
	 	 	 
	 	Name:	Christopher Schreiber
	 	 	 
	 	Title:	Executive Chairman

 

[Signature
Page to Lock-Up and Support Agreement]

 

    	 

    	 

    

 

STOCKHOLDER
SIGNATURE

 

	 	IF STOCKHOLDER
    IS AN ENTITY:
	 	 
	 	 
	 	Print Name
    of Stockholder
	 	 
	 	By: 	                                      
	 	Signature
    of Authorized Signatory

 

	 	Name of
    Authorized Signatory: 	 
	 	 
	 	Title of Authorized
    Signatory: 	 

 

	 	 
	 	IF STOCKHOLDER IS AN
    INDIVIDUAL:
	 	 
	 	 
	 	Print Name of Stockholder
	 	 
	 	 
	 	Signature of Stockholder

 

[Signature
Page to Lock-Up and Support Agreement]Exhibit 10.1

 

THIRD EXTENSION AND AMENDMENT TO LEASE

 

THIS THIRD EXTENSION AND
AMENDMENT TO LEASE made as of this 7th day of July 2020, by and between CPP II LLC, a Delaware limited liability
company, with an address at c/o Oestreicher Properties Inc., 430 Park Avenue, 5th Floor, New York, New York 10022(“Landlord”),
and SOLIGENIX, INC., a corporation organized and existing under the laws of the State of Delaware, having its principal place
of business at 29 Emmons Drive, Suite B-10, Princeton, New Jersey 08540 (“Tenant”).

 

WHEREAS, Landlord is the owner of property
located at 29 Emmons Drive, in the Township of West Windsor, County of Mercer and State of New Jersey (“Property”), known
as Princeton Commerce Center; and

 

WHEREAS, by Lease dated the 7th day of February,
2012 (“Lease”), and a First Extension and Expansion to Lease dated November 21, 2014 (“First Extension”), Landlord
leased to Tenant and Tenant rented from Landlord, Suite C-10 and Suite G-35 (“Old Leased Premises”), at the Property;
and

 

WHEREAS, by execution of the Second Extension
and Amendment to Lease dated October 5, 2017 (“Second Extension”), Landlord and Tenant agreed to extend the Lease term
to October 31, 2020 and change the Leased Premises to all of Building B (the “Premises”); and

 

WHEREAS, the term of the Second Extension expires
on October 31, 2020 and Landlord and Tenant each desire to extend the term of the Lease pursuant to the terms set forth in this
Third Extension (the Lease, the First Extension, the Second Extension and the Third Extension hereinafter collectively shall be
referred to as the “Lease”).

 

NOW, THEREFORE, the parties hereto, for good
and valuable consideration, receipt of which is hereby acknowledged, agree to amend the Lease as follows:

 

1. All WHEREAS clauses set forth above are
incorporated herein as terms of the Lease by reference.

 

2. Defined Terms. Each capitalized term
used herein and not otherwise defined shall have the meaning given to it in the Lease.

 

     

     

    

 

3. Lease
Term. Subject to terms and conditions hereof, the Lease for the Premises is extended for a period of two (2) years from November
1, 2020 to October 31, 2022.

 

4. Rent
and Additional Rent. The Annual Base Rent for the period commencing November 1, 2020 through October 31, 2022 shall be calculated
at the rate of $21.50 per square foot. Tenant shall, in addition to the Base Rent, pay to Landlord all sums which are designated
as Additional Rent pursuant to the Lease. The parties acknowledge that Tenant’s Proportionate Share of Additional Rent for the
Premises shall continue to be eight and seven hundred fifty-seven thousands (8.757%) percent.

 

5. Condition
of Leased Premises. Tenant accepts the condition of the Premises “as is” and Landlord will not be required to perform
any fit-up or tenant work with regard thereto.

 

6. Renewal
Option. Tenant shall have no renewal options beyond the term set forth in this Third Extension.

 

7. Balance
of Lease Terms. All other terms and conditions of the Lease, except where herein and before modified, shall remain in full
force and effect.

 

8. No
Additional Brokers. The parties hereby acknowledge each to the other that no broker has been involved in this transaction other
than Paul Goldman of Commercial Property Network, Inc. and any commission due to shall be paid by Landlord pursuant to separate
agreement.

 

     

     

    

 

In Witness Whereof, the parties have set their hands and
seals, or caused these presents to be signed by their proper corporate officers and their proper corporate seal to be hereto affixed,
the day and year first above written.

 

	WITNESS/ATTEST	CPP II, LLC
	 	Landlord
	 	 	 
	 	/s/ Jay Lowenstein
	 	BY:	Jay Lowenstein
	 	Position: 	 

 

	WITNESS/ATTEST	SOLIGENIX, INC.
	 	Tenant
	 	 	 
	Sarah Millen	/s/ Jonathan Guacino
	Sarah Millen	By:	Jonathan Guacino
	Finance Manager	Position: 	Chief Financial Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00316-of-00352.parquet"}]]