Document:

Exhibit 10.5 

 

THIS
SUBSCRIPTION AGREEMENT IS EXECUTED IN RELIANCE UPON (1) THE EXEMPTION PROVIDED BY SECTION 4(2) AND REGULATION D, RULE 506 FOR
TRANSACTIONS NOT INVOLVING A PUBLIC OFFERING UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR (2) THE EXEMPTION TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN)
PURSUANT TO RULE 903 OF REGULATION S (“REGULATION S”) PROMULGATED UNDER THE SECURITIES ACT THIS OFFERING IS BEING
MADE TO ACCREDITED INVESTORS AND/OR TO NON-U.S. PERSONS PURSUANT TO RULE 903 OF REGULATION S PROMULGATED UNDER THE SECURITIES
ACT. NONE OF THE SECURITIES TO WHICH THIS SUBSCRIPTION RELATES HAVE BEEN REGISTERED UNDER THE SECURITIES ACT, OR ANY U.S. STATE
SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION D OR REGULATION S UNDER THE SECURITIES ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
SECURITIES ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE SECURITIES ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS
INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE SECURITIES ACT.

 

SMARTMETRIC,
INC.

 

SUBSCRIPTION
AGREEMENT

 

SUBSCRIPTION
AGREEMENT (“Subscription Agreement”) made as of this ___ day of _____, ____ between SmartMetric, Inc., a Nevada corporation
(the “Company”), and the undersigned (the “Subscriber”).

 

WHEREAS,
the Company is offering securities in a private offering (the “Offering”) of ___ Units (the “Units”),
each Unit consisting of: (i) _____ shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”);
(ii) ______ Common Stock Purchase Warrants exercisable at $___ per share (“Warrants” and collectively with the Units
and Common Stock, the “Securities”) for aggregate gross proceeds of $___________ (the “Offering”). Each
Unit will be sold at a negotiated price of $_______ per Unit (the “Unit Purchase Price”). Each Warrant is exercisable
until _________, ____. Fractional Units are available upon request. The Securities being subscribed for pursuant to this Subscription
have not been registered under the Securities Act. The offer of the Securities and, if this Subscription is accepted by the Company,
the sale of Securities, is being made in reliance upon Section 4(2) and/or Rule 506 of Regulation D of the Securities Act or Rule
903 of Regulation S promulgated under the Securities Act; and

 

WHEREAS,
the Subscriber desires to purchase that number of Units set forth set forth opposite such Subscriber’s name on such signature
page hereto on the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the premises and the mutual representations and covenants hereinafter set forth, the parties hereto
do hereby agree as follows:

 

		I.	SUBSCRIPTION
                                         FOR SECURITIES; COVENANTS OF THE COMPANY

 

1.1       Subscription
for Securities. Subject to the risk factors set forth in the Company’s annual report file with the SEC on the disclosures
set forth in the more recent public 10K filed on ___________. 

 

[INSERT
LINK TO 10-K]

 

The
Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company, and the Company agrees to sell to the Subscriber,
such number of Units as is set forth on the signature page hereof. The purchase price is payable by wire transfer to the Company
in accordance with the wire instructions set forth on Exhibit B attached hereto.

 

    	1 

     

    

 

1.2       Offering
Period. The Shares will be offered for sale until the earlier of (i) the date upon which subscriptions for the Maximum Offering
offered hereunder have been accepted, (ii) ________, __, _____ (subject to the right of the Company to extend the offering for
up to an additional 90 days without further notice to investors), or (iii) the date upon which the Company elect to terminate
the Offering (the “Termination Date”). The Offering is being conducted on a “best-efforts” basis.

 

1.3       Closing.
The Company may hold an initial closing (“Initial Closing”) at any time after thereceipt of accepted subscriptions
from qualified investors for the Minimum Offering , prior to the Termination Date. After the Initial Closing, subsequent closings
with respect to additional Securities may take place at any time prior to the Termination Date as determined by the Company, with
respect to subscriptions accepted prior to the Termination Date (each such closing, together with the Initial Closing, being referred
to as a “Closing”). The last Closing of the Offering, occurring on or prior to the Termination Date, shall be referred
to as the “Final Closing”. Any subscription documents or funds received after the Final Closing will be returned,
without interest or deduction. In the event that the any Closing does not occur prior to the Termination Date, all amounts paid
by the Subscriber shall be returned to the Subscriber, without interest or deduction.

 

1.4
      Stockholder Approval. The Company shall use its best efforts to file a proxy or information
statement with the Securities and Exchange Commission as soon as practicable and use its best efforts to obtain such approvals
of the Company’s stockholders and issue all of the shares of Common Stock and the Warrant Shares (as defined below) in accordance
with Nevada law and any applicable rules or regulations of any national securities exchange and/or over-the-counter trading platform
on which the Company’s Common Stock is traded and/or quoted.

 

		II.	REPRESENTATIONS
                                         AND WARRANTIES OF THE SUBSCRIBER

 

The
Subscriber represents and warrants to the Company, with the intent that the Company will rely thereon, that:

 

2.1       Accredited
Investor or Non-U.S. Person The Subscriber is either (i) an “accredited investor” as such term is defined in Rule
501 of Regulation D promulgated under the Securities Act, it is able to bear the economic risk of any investment in the Securities
and the information furnished in the accompanying investor questionnaire, which is attached hereto as Exhibit A-1, is accurate
and complete in all material respects or (ii) it is not a U.S. Person (a “Reg S Person”), and the representations
contained in the information furnished in the accompanying investor questionnaire, which is attached hereto as Exhibit A-2,
is accurate and complete in all material respects.

 

2.2       Reliance
on Exemptions. The Subscriber acknowledges that the Offering has not been reviewed by the Securities and Exchange Commission (the
“Commission”) or any state agency because it is intended to be an offering exempt from the registration requirements
of the Securities Act and state securities laws. The Subscriber understands that the Company is relying in part upon the truth
and accuracy of, and the Subscriber’s compliance with the representations, warranties, agreements, acknowledgments and understandings
of the Subscriber set forth herein in order to determine the availability of such exemptions and the eligibility of the Subscriber
to acquire the Securities.

 

2.3       Investment
Purpose. The Subscriber is purchasing the Securities as principal for its own account, and, in the case of a Non-U.S. Person,
not for the account or benefit of, directly or indirectly, any U.S. Person. The Subscriber is purchasing the Securities for investment
purposes only and not with an intent or view towards further sale or distribution (as such term is used in Section 2(11) of the
Securities Act) thereof, and has not pre-arranged any sale with any other purchaser and has no plans to enter into any such agreement
or arrangement. If the Subscriber is a Non-U.S. Person, such Subscriber has no intention to distribute either directly or indirectly
any of the Units in the United States or to U.S. Persons.

 

2.4       Risk
of Investment. The Subscriber recognizes that the purchase of the Securities involves a high degree of risk in that: (a) an investment
in the Company is highly speculative and only investors who can afford the loss of their entire investment should consider investing
in the Company and the Securities; (b) transferability of the Securities is limited; and (c) the Company may require substantial
additional funds to operate its business and subsequent equity financings will dilute the ownership and voting interests of Subscriber.

 

    	2 

     

    

 

2.5       No
Registration. The Securities have not been registered under the Securities Act or any state securities laws and may not be transferred,
sold, assigned, hypothecated or otherwise disposed of unless registered under the Securities Act and applicable state securities
laws or unless an exemption from such registration is available (including, without limitation, under Rule 144 of the Securities
Act, as such rule may be amended, or any similar rule or regulation hereafter adopted by the Commission having substantially the
same effect (“Rule 144”)). The Subscriber represents and warrants and hereby agrees that all offers and sales of the
Units shall be made only pursuant to such registration or to such exemption from registration.

 

2.6       Prior
Investment Experience. The Subscriber is sufficiently experienced in financial and business matters to be capable of evaluating
the merits and risks of its investments, and to make an informed decision relating thereto, and to protect its own interests in
connection with the purchase of the Shares.

 

2.7       Information.
The Subscriber acknowledges careful review of this Agreement, the Memorandum, including the Warrant and all other exhibits thereto
(collectively, the “Offering Documents”) as well as the Company’s filings with the Commission, as required pursuant
to the Securities and Exchange Act of 1934, as amended (the “Exchange Act”) which are available on the Internet at
www.sec.gov, all of which the undersigned acknowledges have been provided to the undersigned. The undersigned has been
given the opportunity to ask questions of, and receive answers from, the Company concerning the terms and conditions of this Offering
and the Offering Documents and to obtain such additional information, to the extent the Company possesses such information or
can acquire it without unreasonable effort or expense, necessary to verify the accuracy of same as the undersigned reasonably
desires in order to evaluate the investment. The undersigned understands the Offering Documents, and the undersigned has had the
opportunity to discuss any questions regarding any of the Offering Documents with its counsel or other advisor. Notwithstanding
the foregoing, the only information upon which the undersigned has relied is that set forth in the Offering Documents. The undersigned
has received no representations or warranties from the Company, its employees, agents or attorneys in making this investment decision
other than as set forth in the Offering Documents. The undersigned does not desire to receive any further information.

 

2.8       Investment
Decision. In making the decision to invest in the Securities the Subscriber has relied solely upon the information provided by
the Company in the Offering Materials. To the extent necessary, the Subscriber has retained, at its own expense, and relied upon
appropriate professional advice regarding the investment, tax and legal merits and consequences of this Agreement and the purchase
of the Securities hereunder. The Subscriber disclaims reliance on any statements made or information provided by any person or
entity in the course of Subscriber’s consideration of an investment in the Securities other than the Offering Materials.

 

2.9       No
Representations. The Subscriber hereby represents that, except as expressly set forth in the Offering Documents, no representations
or warranties have been made to the Subscriber by the Company or any agent, employee or affiliate of the Company, and in entering
into this transaction the Subscriber is not relying on any information other than that contained in the Offering Documents and
the results of independent investigation by the Subscriber.

 

2.10     Tax
Consequences. The Subscriber acknowledges that the Offering may involve tax consequences and that the contents of the Offering
Documents do not contain tax advice or information. The Subscriber acknowledges that it must retain its own professional advisors
to evaluate the tax and other consequences of an investment in the Securities.

 

2.11     No
Recommendation or Endorsement. The Subscriber understands that no federal, state or other regulatory authority has passed on or
made any recommendation or endorsement of the Units. Furthermore, the foregoing authorities have not confirmed the accuracy or
determined the adequacy of this Agreement or the Memorandum. Any representation to the contrary is a criminal offense.

 

2.12     No
General Solicitation. The Subscriber represents that the Subscriber was not induced to invest by any form of general solicitation
or general advertising including, but not limited to, the following: (a) any advertisement, article, notice or other communication
published in any newspaper, magazine or similar media or broadcast over the news or radio; and (b) any seminar or meeting whose
attendees were invited by any general solicitation or advertising.

 

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2.13     No
Directed Selling Efforts. If the Subscriber is a non-U.S. Person, the Subscriber has not acquired the Units as a result of, and
will not itself engage in, any “directed selling efforts” (as defined in Regulation S under the Securities Act) in
the United States in respect of the Units which would include any activities undertaken for the purpose of, or that could reasonably
be expected to have the effect of, conditioning the market in the United States for the resale of the Units; provided, however,
that the Subscriber may sell or otherwise dispose of the Units pursuant to registration thereof under the Securities Act and any
applicable state and provincial securities laws or under an exemption from such registration requirements;

 

2.14     No
Plan or Scheme. If the Subscriber is a non-U.S. Person, the Subscriber acknowledges that the statutory and regulatory basis for
the exemption from U.S registration requirements claimed for the offer of the Units, although in technical compliance with Regulation
S, would not be available if the offering is part of a plan or scheme to evade the registration provisions of the Securities Act
or any applicable state or provincial securities laws;

 

2.15     The
Subscriber. The Subscriber (i) if a natural person, represents that the Subscriber has reached the age of 21 and has full power
and authority to execute and deliver this Agreement and all other related agreements or certificates and to carry out the provisions
hereof and thereof; (ii) if a corporation, partnership, or limited liability company or partnership, or association, joint stock
company, trust, unincorporated organization or other entity, represents that such entity was not formed for the specific purpose
of acquiring the Units, such entity is duly organized, validly existing and in good standing under the laws of the state of its
organization, the consummation of the transactions contemplated hereby is authorized by, and will not result in a violation of
state law or its charter or other organizational documents, such entity has full power and authority to execute and deliver this
Subscription and all other related agreements or certificates and to carry out the provisions hereof and thereof and to purchase
and hold the Securities, the execution and delivery of this Subscription has been duly authorized by all necessary action, this
Agreement has been duly executed and delivered on behalf of such entity and is a legal, valid and binding obligation of such entity;
or (iii) if executing this Agreement in a representative or fiduciary capacity, represents that it has full power and authority
to execute and deliver this Subscription in such capacity and on behalf of the subscribing individual, ward, partnership, trust,
estate, corporation, or limited liability company or partnership, or other entity for whom the Subscriber is executing this Agreement,
and such individual, partnership, ward, trust, estate, corporation, or limited liability company or partnership, or other entity
has full right and power to perform pursuant to this Subscription and make an investment in the Company, and represents that this
Subscription constitutes a legal, valid and binding obligation of such entity. The execution and delivery of this Agreement will
not violate or be in conflict with any order, judgment, injunction, agreement or controlling document to which the Subscriber
is a party or by which it is bound;

 

2.16     Legends.
The Subscriber consents to the placement of a legend on any certificate or other document evidencing the Securities and, when
issued, the shares of Common Stock issuable upon exercise of the Warrant (the “Warrant Shares”) that such securities
have not been registered under the Securities Act or any state securities or “blue sky” laws and setting forth or
referring to the restrictions on transferability and sale thereof contained in this Agreement. The Subscriber is aware that the
Company will make a notation in its appropriate records with respect to the restrictions on the transferability of such Securities.
The legend to be placed on each certificate shall be in form substantially similar to the following:

 

For
U.S. Persons:

 

THESE
SECURITIES HAVE BEEN ISSUED PURSUANT TO THE EXEMPTION FROM THE REGISTRATION PROVISIONS UNDER THE SECURITIES ACT OF 1933, AS AMENDED
PROVIDED BY RULE 506 OF REGULATION D UNDER SUCH ACT AND/OR SECTION 4(2) OF SUCH ACT. THESE SECURITIES CANNOT BE TRANSFERRED, OFFERED,
OR SOLD UNLESS THE SECURITIES ARE REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT IS AVAILABLE.

 

    	4 

     

    

 

For
Non-U.S. Persons:

 

THESE
SECURITIES WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION
S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). ACCORDINGLY, NONE OF THE SECURITIES
TO WHICH THIS CERTIFICATE RELATES HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES (AS DEFINED HEREIN) OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS (AS DEFINED HEREIN)
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION,
HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT. “UNITED STATES”
AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

The
legend set forth above shall be removed and the Company shall issue a certificate without such legend to the holder of the Securities
upon which it is stamped, if (a) such Securities are being sold pursuant to a registration statement under the Securities Act,
(b) such holder delivers to the Company an opinion of counsel, in a reasonably acceptable form, to the Company that a disposition
of the Securities is being made pursuant to an exemption from such registration, or (c) such holder provides the Company with
reasonable assurance that a disposition of the Securities may be made pursuant to the Rule 144 under the Securities Act without
any restriction as to the number of securities acquired as of a particular date that can then be immediately sold.

 

2.17      Address.
The Subscriber hereby represents that the address of the Subscriber furnished by the Subscriber at the end of this Subscription
Agreement is the undersigned’s principal residence if the Subscriber is an individual or its principal business address
if it is a corporation or other entity.

 

2.18      Foreign
Subscriber. If the Subscriber is not a United States person, such Subscriber hereby represents that it has satisfied itself as
to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any
use of this Subscription Agreement, including: (a) the legal requirements within its jurisdiction for the purchase of the Securities;
(b) any foreign exchange restrictions applicable to such purchase; (c) any governmental or other consents that may need to be
obtained; and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption,
sale or transfer of the Securities. Such Subscriber’s subscription and payment for, and its continued beneficial ownership
of the Securities, will not violate any applicable securities or other laws of the Subscriber’s jurisdiction.

 

2.19      Survival.
The representations and warranties of the Subscriber contained herein will be true at the date of execution of this Agreement
by the Subscriber and as of the Closing Date in all material respects as though such representations and warranties were made
as of such times and shall survive the Closing Date and the delivery of the Units. The Subscriber agrees that it will notify and
supply corrective information to the Company immediately upon the occurrence of any change therein occurring prior to the Company’s
issuance of the Units.

 

		III.	REPRESENTATIONS
                                         BY THE COMPANY

 

The
Company represents and warrants to the Subscriber, except as set forth in the disclosure schedules attached hereto:

 

3.1        Organization.
The Company is duly organized and validly existing in good standing under the laws of the jurisdiction of its organization. The
Company has full power and authority to own, operate and occupy its properties and to conduct its business as presently conducted,
and is registered or qualified to do business and in good standing in each jurisdiction in which the nature of the business conducted
by it or the location of the properties owned or leased by it requires such qualification and where the failure to be so qualified
would have a material adverse effect upon the Company’s financial condition (a “Material Adverse Effect”), and
no proceeding has been instituted in any such jurisdiction revoking, limiting or curtailing, or seeking to revoke, limit or curtail,
such power and authority or qualification.

 

    	5 

     

    

 

3.2        Due
Authorization and Valid Issuance. The Company has all requisite power and authority to execute, deliver and perform its obligations
under the Offering Documents, and when executed and delivered by the Company will constitute legal, valid and binding agreements
of the Company enforceable against the Company in accordance with their terms, except as rights to indemnity and contribution
may be limited by state or federal securities laws or the public policy underlying such laws, and except as enforceability may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ and contracting
parties’ rights generally, and except as enforceability may be subject to general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law).

 

3.3        Noncontravention.
The execution and delivery of the Offering Documents, the issuance and sale of the Securities under the Offering Documents, the
fulfillment of the terms of the Offering Documents, and the consummation of the transactions contemplated thereby will not (i) conflict
with or constitute a violation of, or default (with the passage of time or otherwise) under (1) any material bond, debenture,
note or other evidence of indebtedness, lease, contract, indenture, mortgage, deed of trust, loan agreement, joint venture or
other agreement or instrument to which the Company is a party or by which it or any of its properties are bound, (2) the charter,
bylaws or other organizational documents of the Company or any subsidiary or (3) any law, administrative regulation, ordinance
or order of any court or governmental agency, arbitration panel or authority applicable to the Company or its properties, except
for any such conflicts, violations or defaults that are not reasonably likely to have a Material Adverse Effect, or (ii) result
in the creation or imposition of any lien, encumbrance, claim, security interest or restriction whatsoever upon any of the material
properties or assets of the Company or an acceleration of indebtedness pursuant to any obligation, agreement or condition contained
in any material bond, debenture, note or any other evidence of indebtedness, indenture, mortgage, deed of trust or any other agreement
or instrument to which the Company is a party or by which it is bound or to which any of the material property or assets of the
Company is subject. No consent, approval, authorization or other order of, or registration, qualification or filing with, any
regulatory body, administrative agency, or other governmental body in the United States or any other person is required for the
execution and delivery of the Offering Documents and the valid issuance and sale of the Securities to be sold pursuant to the
Offering Documents, other than such as have been made or obtained, and except for any post-closing securities filings or notifications
required to be made under federal or state securities laws.

 

3.4        No
Violation. The Company is not (a) in violation of its charter, bylaws or other organizational document; (b) in violation of any
law, 

 

IV.        INDEMNIFICATION

 

4.1        The
Subscriber agrees to indemnify and hold harmless the Company, Placement Agent and all Selected Dealers and Finders against and
in respect of any and all loss, liability, claim, damage, deficiency, and all actions, suits, proceedings, demands, assessments,
judgments, costs and expenses whatsoever (including, but not limited to, attorneys’ fees reasonably incurred in investigating,
preparing, or defending against any litigation commenced or threatened or any claim whatsoever through all appeals) arising out
of or based upon any false representation or warranty or breach or failure by the Subscriber to comply with any covenant, representation
or other provision made by it herein or in any other document furnished by it in connection with this Agreement, provided, however,
that such indemnity, shall in no event exceed the net proceeds received by the Company from the Subscriber as a result of the
sale of Units to the Subscriber.

 

4.2        The
Company agrees to indemnify and hold harmless the Subscriber against and in respect of any and all loss, liability, claim, damage,
deficiency, and all actions, suits, proceedings, demands, assessments, judgments, costs and expenses whatsoever (including, but
not limited to, attorneys’ fees reasonably incurred in investigating, preparing, or defending against any litigation commenced
or threatened or any claim whatsoever through all appeals) arising out of or based upon any false representation or warranty or
breach or failure by the Company to comply with any covenant, representation or other provision made by it herein or in any other
document furnished by it in connection with this Agreement.

 

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V.         MISCELLANEOUS

 

5.1       Notice.
Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Subscription
Agreement must be in writing and will be deemed to have been delivered: (a) upon receipt, when delivered personally, (b) upon
receipt, when sent by facsimile (provided confirmation of transmission is mechanically or electronically generated and kept on
file by the sending party), or (c) one (1) business day after deposit with an overnight courier service, in each case properly
addressed to the party to receive the same. The addresses and facsimile numbers for such communications shall be:

 

To
the Company:

 

SmartMetric,
Inc.

 

3960
Howard Hughes Pkwy, Suite 500,

 

Las
Vegas, NV 89169

 

Attention:
C. Hendrick

 

(786)
664-0642

 

With
a copy to (which shall not constitute notice):

 

[_________]

 

If
to the Subscriber, to its address and facsimile number set forth at the end of this Subscription Agreement, or to such other address
and/or facsimile number and/or to the attention of such other person as specified by written notice given to the Company five
(5) days prior to the effectiveness of such change. Written confirmation of receipt (a) given by the recipient of such notice,
consent, waiver or other communication, (b) mechanically or electronically generated by the sender’s facsimile machine containing
the time, date, recipient facsimile number and an image of the first page of such transmission, or (c) provided by an overnight
courier service shall be rebuttable evidence of personal service, receipt by facsimile or receipt from an overnight courier service
in accordance with clause (a), (b) or (c) above, respectively.

 

5.2       Entire
Agreement; Amendment; Waiver. This Agreement supersedes all other prior oral or written agreements between the Subscriber, the
Company, their affiliates and persons acting on their behalf with respect to the matters discussed herein, and this Agreement
and the instruments referenced herein contain the entire understanding of the parties with respect to the matters covered herein
and therein and, except as specifically set forth herein or therein, neither the Company nor the Subscriber makes any representation,
warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be amended or waived other
than by an instrument in writing signed by the Company and the holders of at least a majority of the Securities then outstanding
(determined on an as exercised to common stock basis) (or if prior to the closing, the Subscribers purchasing at least a majority
of the Securities to be purchased at the closing). No such amendment shall be effective to the extent that it applies to less
than all of the holders of the Securities then outstanding.

 

5.3       Severability.
If any provision of this Subscription Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Subscription Agreement in that jurisdiction or the validity
or enforceability of any provision of this Subscription Agreement in any other jurisdiction.

 

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5.4       Governing
Law; Jurisdiction; Waiver of Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of
this Subscription Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice
of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the
application of the laws of any jurisdictions other than the State of New York. Each party hereby irrevocably submits to the non-exclusive
jurisdiction of the state and federal courts sitting in New York County, New York for the adjudication of any dispute hereunder
or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and
agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any
such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or
proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this
Subscription Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof.
Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. Each party
hereby irrevocably waives any right it may have, and agrees not to request, a jury trial for the adjudication of any dispute hereunder
or in connection with or arising out of this Subscription Agreement or any transaction contemplated hereby.

 

5.5       Headings.
The headings of this Subscription Agreement are for convenience of reference and shall not form part of, or affect the interpretation
of, this Subscription Agreement.

 

5.6       Successors
And Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns. The Company shall not assign this Subscription Agreement or any rights or obligations hereunder without the prior written
consent of the holders of at least a majority the Securities then outstanding, except by merger or consolidation. The Subscriber
shall not assign its rights hereunder without the consent of the Company, which consent shall not be unreasonably withheld.

 

5.7       No
Third Party Beneficiaries. This Subscription Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

5.8       Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute
and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request in order
to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.

 

5.9       Legal
Effect. The Subscriber acknowledges that: (a) it has read this Agreement and the exhibits hereto; and (b) it understands the terms
and consequences of this Agreement and is fully aware of its legal and binding effect.

 

5.10     No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their
mutual intent, and no rules of strict construction will be applied against any party.

 

5.11     Independent
Legal Advice. The parties hereto acknowledge that they have each received independent legal advice with respect to the terms of
this Agreement and the transactions contemplated herein or have knowingly and willingly elected not to do so

 

5.12     Counterparts.
This Agreement may be executed in two or more counterparts each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery
of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page were an original thereof.

 

[Signature
page follows.]

 

    	8 

     

    

 

NUMBER
OF UNITS ________________ X $______________ = $________________ (the “Purchase Price”)

 

	 	 	 	 	 
	Signature	 	Signature (if purchasing jointly)
	 	 	 
	 	 	 	 	 
	Name Typed or Printed	 	Name Typed or Printed
	 	 	 
	 	 	 	 	 
	Title (if Subscriber is an Entity)	 	Title (if Subscriber is an Entity)
	 	 	 
	 	 	 	 	 
	Entity Name (if applicable)	 	Entity Name (if applicable
	 	 	 
	 	 	 	 	 
	Address	 	Address
	 	 	 
	 	 	 	 	 
	City, State and Zip Code	 	City, State and Zip Code
	 	 	 
	 	 	 	 	 
	Telephone-Business	 	Telephone-Business
	 	 	 
	 	 	 	 	 
	Telephone-Residence	 	Telephone-Residence
	 	 	 
	 	 	 	 	 
	Facsimile-Business	 	Facsimile-Business
	 	 	 
	 	 	 	 	 
	Facsimile-Residence	 	Facsimile-Residence
	 	 	 	 	 
	Tax ID # or Social Security #	 	Tax ID # or Social Security #
	Name in which securities should be issued:	 	  
	 	 	 	 	 
	Dated:                                                           , 20__	 	 	 
	 	 	 	 	 
	This Subscription Agreement is agreed to and accepted as of ________________, 20__.
	 	 	 	 	 
	SmartMetric, Inc.	 	 	 

 

	By:	 	 	 	 
	Name: C. Hendrick	 	 	 
	Title: President
and Chief Executive Officer	 	 	 

 

    	9 

     

    

 

CERTIFICATE
OF SIGNATORY

 

(To
be completed if Securities are

being
subscribed for by an entity)

 

I,
____________________________, am the ____________________________ of __________________________________________ (the
“Entity”).

 

I
certify that I am empowered and duly authorized by the Entity to execute and carry out the terms of the Subscription Agreement
and to purchase and hold the Securities (including the Warrant Shares), and certify further that the Subscription Agreement has
been duly and validly executed on behalf of the Entity and constitutes a legal and binding obligation of the Entity.

 

IN
WITNESS WHEREOF, I have set my hand this ________ day of _________________, 20__

 

	 	 	 
	 	 	(Signature)

 

    10Exhibit 10.06

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

This
Executive Employment Agreement (“Agreement”) is made and effective as of July 1, 2017, by and between SmartMetric, Inc.
(“Company”) and M/s. Chaya Coleena Hendrick (“Executive”).

 

NOW,
THEREFORE, the parties hereto agree as follows:

 

Employment.

 

Company
hereby agrees to continue to employ Executive as its President & CEO and Executive hereby accepts such employment in accordance
with the terms of this Agreement. In the event of any conflict or ambiguity between the terms of this Agreement and terms of employment
applicable to regular employees, the terms of this Agreement shall control.

 

Duties
of Executive.

 

The
duties of Executive shall include the performance of all of the duties typical of the office held by Executive as described in
the bylaws of the Company and such other duties and projects as may be assigned, if any, by the board of directors of the Company.
Executive shall devote her majority of productive time, ability and attention to the business of the Company and shall perform
all duties in a professional, ethical and businesslike manner. Executive is permitted, during the term of this Agreement, directly
or indirectly to engage in other businesses, either as an employee, employer, consultant, principal, officer, director, advisor,
or in any other capacity, either with or without compensation, without the prior written consent of Company. In addition to the
duties described herein, Executive is also authorized and directed to do the following:

 

To
manage the day to day business of SmartMetric, Inc. overseeing and managing all aspects including but not limited to product development,
marketing, sales, distribution, hiring and all responsibilities normally undertaken by a Company President and Chief Executive
Officer.

 

It
is recognized and accepted by the Company that Executive has other businesses that she owns, operates and or manages, and while
spending the bulk of her time working on the business of SmartMetric, Inc., is free without limitation to pursue her other business
activities.

 

It
is further noted that Executive holds inventions independent to the Company, SmartMetric, Inc. and is free to initiate, write,
invent and or create inventions separate of SmartMetric, Inc. and SmartMetric, Inc. may have no claim or economic interest in
any patents, inventions or new products unless expressly sold or licensed to SmartMetric, Inc. by the employee. It is recognized
that the employee is free to invent and register new Patents and Trademarks that will remain the sole property of the inventor
and or its assignees or purchasers.

 

Compensation.

 

Executive
will be paid compensation during this Agreement as follows:

 

		A.	A
base salary of $190,000.00 One Hundred and Ninety Thousand Dollars per year, payable in installments according to the Company’s
regular payroll schedule. The base salary shall be adjusted at the end of each year of employment at the discretion of the board
of directors or at a minimum increase of 10% per year. Any unpaid salary during this and prior employment agreements shall bear
a cumulative interest rate of 7% per annum. To defer payment of compensation is at the sole discretion of the executive and such
deferment does not convey an agreement not to be paid such compensation.

 

		B.	An
incentive management fee equal to $50,000.00 beginning with the Company’s year-end of June 30, 2012 and each fiscal year thereafter
during the term of this Agreement and subsequent new agreements. The incentive management fee payment shall be made within thirty
(30) days after the Company has manufactured its first product. The incentive management fee shall increase by 25% per annum calculated
at the conclusion of each calendar year and shall be based on the continued manufacturing and sales of product by SmartMetric,
Inc.

 

		C.	The
incentive management fee, may at the executive’s sole discretion be paid to the executives associated company Applied Cryptography
Inc., or any other company the executive so directs.

 

    	 

     

    

 

Benefits.

 

		A.	Holidays.
Executive will be entitled to at least all public holidays paid holidays each calendar year and 14 personal days. Company will
notify Executive on or about the beginning of each calendar year with respect to the holiday schedule for the coming year. Personal
holidays, if any, will be scheduled in advance subject to requirements of Company. Such holidays must be taken during the calendar
year and cannot be carried forward into the next year. Executive is not entitled to any personal holidays during the first six
months of employment.

 

		B.	Vacation.
Following the first six months of employment, Executive shall be entitled to 4 Weeks paid vacation each year.

 

		C.	Sick
Leave. Executive shall be entitled to sick leave and emergency leave according to the regular policies and procedures of Company.
Additional sick leave or emergency leave over and above paid leave provided by the Company, if any, shall be granted at the discretion
of the board of directors.

 

		D.	Medical
and Group Life Insurance. Company agrees to include Executive in the group medical and hospital plan of Company and provide group
life insurance for Executive at no charge to Executive in the amount of $1,000,000.00 during this Agreement. Executive shall be
responsible for payment of any federal or state income tax imposed upon these benefits.

 

		E.	Pension
and Profit Sharing Plans. Executive shall be entitled to participate in any pension or profit sharing plan or other type of plan
adopted by Company for the benefit of its officers and/or regular employees.

 

		F.	Automobile.
Company will provide to Executive an automobile of Executive’s choice at a gross purchase price not to exceed $60,000.00. Company
agrees to replace the automobile with a new one at Executive’s request no more often than once every two years. Company will pay
all automobile operating expenses incurred by Executive in the performance of an Executive’s company duties. Company will procure
and maintain in force an automobile liability policy for the automobile with coverage, including Executive, in the minimum amount
of $1,000,000 combined single limit on bodily injury and property damage.

 

		G.	Expense
Reimbursement. Executive shall be entitled to reimbursement for all reasonable expenses, including travel and entertainment, incurred
by Executive in the performance of Executive’s duties. Executive will maintain records and written receipt as required by the
Company policy. The company shall pay the Executive all relocation costs, living costs, motor vehicle purchase/lease or rental
costs including insurances and accommodation expenses for time spent in Buenos Aires, Argentina while overseeing and managing
the establishment of the Company’s business in Argentina. The company will provide accommodation in any other place that
the executive may need to reside from time to time while her conducting the business of the company. Any additional costs associated
with safety precautions for the executive while living in Argentina will be paid for by the company. Any illness contracted while
on company time spent in a foreign country shall be covered and paid for by the Company.

 

Term
and Termination.

 

		A.	The
Initial Term of this Agreement shall commence on July 1, 2012 and it shall continue in effect for a period of 60 months. Thereafter,
the Agreement shall be renewed upon the mutual agreement of Executive and Company. This Agreement and Executive’s employment may
be terminated at Company’s discretion during the Initial Term, provided that Company shall pay to Executive an amount equal to
payment at Executive’s base salary rate for the remaining period of Initial Term, plus an amount equal to $350,000.00 of Executive’s
base salary.

 

		B.	This
Agreement and Executive’s employment may be terminated by Company only by cause, and provided that in such case, Executive shall
be paid $350,000.00 of Executive’s then applicable base salary. In the event of such a termination by cause, Executive shall be
entitled to receive any incentive salary payment or any other compensation then in effect, prorated or otherwise.

 

		C.	This
Agreement may be terminated by Executive at Executive’s discretion by providing at least thirty (30) days prior written notice
to Company. In the event of termination by Executive pursuant to this subsection.

 

		D.	In
the event that Executive is in breach of any material obligation owed Company in this Agreement, habitually neglects the duties
to be performed under this Agreement, excepting in the case of illness, engages in any conduct which is criminally dishonest,
then the Company may terminate this Agreement upon thirty (30) days’ notice to Executive.

 

		E.	In
the event Company is acquired, or is the non-surviving party in a merger, or sells all or substantially all of its assets, this
Agreement shall not be terminated and Company agrees to use its best efforts to ensure

 

    	 

     

    

 

No
Attachment.

 

Except
as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation,
sale, assignment, encumbrance, charge, pledge, or hypothecation or to execution, attachment, levy, or similar process or assignment
by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void and of no effect;
provided, however, that nothing in this Section shall preclude the assumption of such rights by executors, administrators
or other legal representatives of the Executive or her estate and their conveying any rights hereunder to the person or persons
entitled thereto.

 

Costs
of Enforcement.

 

In
the event of the commencement of any legal proceeding, if instituted by the Company or the Executive, relating to the interpretation
or enforcement of any provision of this Agreement, the Company shall reimburse the Executive her costs and expenses (including
attorneys’ fees and expenses), unless the Company prevails on every material issue in the proceeding.

 

Binding
Agreement; No Assignment.

 

This
Agreement shall be binding upon, and shall inure to the benefit of, the Executive and the Company and their respective permitted
successors, assigns, heirs, beneficiaries and representatives. This Agreement is personal to the Executive and may not be assigned
by her. This Agreement may not be assigned by the Company except (a) in connection with a sale of all or substantially all of
its assets or a merger or consolidation of the Company, or (b) to an entity that is a subsidiary or affiliate of the Company.
Any attempted assignment in violation of this Section shall be null and void.

 

Notices.

 

Any
notice required by this Agreement or given in connection with it, shall be in writing and shall be given to the appropriate party
by personal delivery or by certified mail, postage prepaid, or recognized overnight delivery services;

 

If
to Company:

 

SmartMetric,
Inc.

 

350
Howard Hughes Parkway, Suite 500, Las Vegas, NV, 89169 U.S.A.

 

If
to Executive:

 

Ms.
Chaya Coleena Hendrick, 145 East Harmon Avenue, Las Vegas, NV. 89109 U.S.A.

 

Final
Agreement.

 

This
Agreement supersedes all prior understandings or agreements on the subject matter hereof. This Agreement may be modified only
be a further writing that is duly executed by both parties. Not withstanding all compensation accrued and not yet paid under prior
executive employment agreements shall be payable on demand of the executive.

 

Governing
Law. This Agreement shall be construed and enforced in accordance with the laws of the State Nevada, USA.

 

Headings.

 

Headings
used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.

 

No
Assignment.

 

Neither
this Agreement nor any or interest in this Agreement may be assigned by Executive without the prior express written approval of
Company, which may be withheld by Company at Company’s absolute discretion.

 

Severability.

 

If
any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable, then this Agreement, including
all of the remaining terms, will remain in full force and effect as if such invalid or unenforceable term had never been included.

 

    	 

     

    

 

Arbitration.

 

The
parties agree that they will use their best efforts to amicably resolve any dispute arising out of or relating to this Agreement.
Any controversy, claim or dispute that cannot be so resolved shall be settled by final binding arbitration in accordance with
the rules of the American Arbitration Association and judgment upon the award rendered by the arbitrator or arbitrators may be
entered in any court having jurisdiction thereof. Any such arbitration shall be conducted in Nevada, or such other place as may
be mutually agreed upon by the parties. Within fifteen (15) days after the commencement of the arbitration, each party shall select
one person to act arbitrator, and the two arbitrators so selected shall select a third arbitrator within ten (10) days of their
appointment. Each party shall bear its own costs and expenses and an equal share of the arbitrator’s expenses and administrative
fees of arbitration.

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written and resolved and consented
as a majority resolution of the Board of Directors of SmartMetric, Inc.

 

	 	
	Jay Needelman,	 
	Board Member/Director & CFO	 
	SmartMetric, Inc.	 
	 	 
	Elizabeth Nightingale	 
	Board Member/Director	 
	SmartMetric, Inc.	 
	 	 
	Chaya Coleena Hendrick,	 
	Board Member/Director	 
	SmartMetric, Inc.	 
	 	 
	Chaya Coleena Hendrick,	 
	Executive/Company CEO & President
	SmartMetric, Inc.

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