Document:

Exhibit 4.6

 

SOLIGENIX, INC.

DESCRIPTION OF SECURITIES

 

The following description of the terms of
our securities is not complete and is qualified in its entirety by reference to our Certificate of Incorporation, as amended (the
“Certificate of Incorporation”), and our Bylaws, as amended (the “Bylaws”), both of which are filed as
exhibits to our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

 

Under our Certificate of Incorporation and
Bylaws, we are authorized capital to issue 25,350,000 shares of capital stock, consisting of 25,000,000 shares of common stock,
par value $0.001 per share, 230,000 shares of undesignated preferred stock (none of which are currently outstanding), 10,000 shares
of Series B Convertible Preferred Stock, par value $0.05 per share (none of which are currently outstanding), 10,000 shares of
Series C Convertible Preferred Stock, par value $0.05 per share (none of which are currently outstanding), and 100,000 shares of
Series A Junior Participating Preferred Stock, par value $0.001 per share.

 

Our common stock is listed on The Nasdaq Capital
Market under the symbol “SNGX.” Our common stock warrants issued in December 2016 are listed on The Nasdaq Capital
Market under the symbol “SNGXW”. All outstanding shares of common stock are validly issued, fully paid, and nonassessable.

 

Common Stock

 

Voting Rights

 

Holders of our common stock are entitled to
one vote for each share held in the election of directors and in all other matters to be voted on by the stockholders. There is
no cumulative voting in the election of directors. The affirmative vote of the holders of a plurality of the shares of common stock
represented at an annual meeting is required to elect each director.

 

Dividends and Liquidation Rights

 

Holders of common stock are entitled to receive
dividends as may be declared from time to time by our board of directors out of funds legally available therefor. In the event
of liquidation, dissolution or winding up of the corporation, holders of common stock are to share in all assets remaining after
the payment of liabilities.

 

Conversion, Redemption and Other Rights

 

Holders of common stock have no pre-emptive
or conversion rights and are not subject to further calls or assessments. There are no redemption or sinking fund provisions applicable
to the common stock. The rights of the holders of the common stock are subject to any rights that may be fixed for holders of preferred
stock.

 

Preferred Stock

 

Our Certificate of Incorporation authorizes
the issuance of 230,000 shares of undesignated preferred stock, 10,000 shares of Series B Convertible Preferred Stock, par value
$0.05 per share (“Series B Preferred Stock”), 10,000 shares of Series C Convertible Preferred Stock, par value $0.05
per share (“Series C Preferred Stock”), and 100,000 shares of Series A Junior Participating Preferred Stock, par value
$0.001 per share (“Junior Preferred Stock”). Our board of directors is empowered, without stockholder approval, to
designate and issue additional series of preferred stock with dividend, liquidation, conversion, voting or other rights, including
the right to issue convertible securities with no limitations on conversion, which could adversely affect the voting power or other
rights of the holders of our common stock, substantially dilute a common stockholder’s interest and depress the price of
our common stock.

 

No shares of the Series B Preferred Stock,
the Series C Preferred Stock or the Junior Preferred Stock are outstanding. Due to the terms of the Series C Preferred Stock, no
additional shares of Series C Preferred Stock can be issued.

 

    1 

     

    

  

Series B Preferred Stock

 

Our Certificate of Incorporation authorizes
the issuance of 10,000 shares of Series B Preferred Stock, none of which are outstanding and 6,411 of which have been converted
to common stock and therefore are not reissuable.

 

Voting Rights

 

Each holder of Series B Preferred Stock is
entitled to the number of votes equal to the number of whole shares of common stock into which the shares of Series Preferred Stock
held by such holder is then convertible (as adjusted from time to time pursuant to our Certificate of Incorporation) with respect
to any and all matters presented to the stockholders for their action or consideration. Except as provided by law, holders of Series
B Preferred Stock vote together with the holders of common stock as a single class.

 

Dividends and Liquidation Rights

 

The holders of the Series B Preferred Stock
are entitled to a dividend of 8% per annum, payable annually in shares of Series B Preferred Stock. In addition, when and if our
board of directors shall declare a dividend payable with respect to the then outstanding shares of common stock, the holders of
the Series B Preferred Stock are entitled to the amount of dividends per share as would be payable on the largest number of whole
shares of common stock into which each share of Series B Preferred Stock could then be converted.

 

In the event of liquidation, dissolution or
winding up of the company, the holders of Series B Preferred Stock then outstanding will be entitled to be paid an amount equal
to $1,000 per share (subject to adjustment in the event of any stock dividend, stock split, combination or other similar recapitalization
affecting such shares pursuant to our Certificate of Incorporation), plus any dividends declared but unpaid thereon before any
payment is made to the holders of common stock, Junior Preferred Stock or any other class or series of stock ranking on liquidation
junior to the Series B Preferred Stock. After the holders of the Series B Preferred Stock have been paid in full, the remaining
assets of the company will be distributed to the holders of Junior Preferred Stock and common stock, subject to the preferences
of the Junior Preferred Stock.

 

Conversion, Redemption and Other Rights 

 

Each share of Series B Preferred Stock is convertible
into 1.333 shares of common stock. The conversion ratio is subject to an adjustment upon the issuance of additional shares of common
stock for a price below the closing price of the common stock and equitable adjustment for stock splits, dividends, combinations,
reorganizations and similar events.

 

Subject to certain conditions, after the second
anniversary of the issuance of the Series B Preferred Stock, the Company will have the right, but not the obligation, to redeem
the then-outstanding shares of Series B Preferred Stock for cash in an amount calculated pursuant to the terms of our Certificate
of Incorporation.

 

Junior Preferred Stock

 

Voting Rights

 

The holders of the Junior Preferred Stock will
have 10,000 votes per share of Junior Preferred Stock on all matters submitted to a vote of our stockholders, including the election
of directors.

 

Dividends and Liquidation Rights

 

If our board of directors declares or pays
dividends on common stock, the holders of the Junior Preferred Stock would be entitled to receive a per share dividend payment
of 10,000 times the dividend declared per share of common stock. In the event we make a distribution on the common stock, the holders
of the Junior Preferred Stock will be entitled to a per share distribution, in like kind, of 10,000 times such distribution made
per share of common stock. In the event of any merger, consolidation or other transaction in which shares of common stock are exchanged,
each share of Junior Preferred Stock will be entitled to receive 10,000 times the amount received per share of common stock. These
rights are protected by customary anti-dilution provisions.

 

    2 

     

    

  

Upon any liquidation, dissolution or winding
up, no distribution may be made to the holders of shares of stock ranking junior to the Junior Preferred Stock unless the holders
of the Junior Preferred Stock have received the greater of (i) $37.00 per one one-thousandth share plus an amount equal to accrued
and unpaid dividends and distributions thereon, and (ii) an amount equal to 10,000 times the aggregate amount to be distributed
per share to holders of common stock. Further, no distribution may be made to the holders of stock ranking on a parity upon liquidation,
dissolution or winding up with the Junior Preferred Stock, unless distributions are made ratably on the Junior Preferred Stock
and all other shares of such parity stock in proportion to the total amounts to which the holders of the Junior Preferred Stock
are entitled above and to which the holders of such parity shares are entitled.

 

Outstanding Warrants

 

2016 Warrants

 

On December 16, 2016, we consummated a public
offering of an aggregate of 1,670,000 shares of common stock, together with warrants to purchase up to 2,370,005 shares of common
stock. In connection with the offering, we also issued the underwriter a warrant to purchase up to 33,400 shares of common stock.
We refer to the warrants issued to the investors and the underwriter in connection with the offering as the “2016 Warrants.”
The 2016 Warrants are listed on The Nasdaq Capital Market under the symbol “SNGXW”.

 

As of March 23, 2020, 2,403,405 shares of common
stock remained issuable upon the exercise of the 2016 Warrants. The 2016 Warrants expire in 2021.

 

As of March 23, 2020, the exercise price of
the 2016 Warrants was $3.95 per share. The exercise price and the number of shares of common stock purchasable upon the exercise
of each 2016 Warrant are subject to adjustment upon the happening of certain events, such as stock dividends, distributions, and
splits.

 

Other Warrants

 

As of March 23, 2020, 3,483,412 shares of common
stock were issuable upon the exercise of warrants other than the 2016 Warrants. Such warrants expire between 2022 and 2023. As
of March 23, 2020, the weighted average exercise price of such warrants was $2.20 per share. The exercise price and the number
of shares of common stock purchasable upon the exercise of each such warrant are subject to adjustment upon the happening of certain
events, such as stock dividends, distributions, and splits.

 

Anti-Takeover Provisions

 

Provisions in our Certificate of Incorporation
and Bylaws may discourage certain types of transactions involving an actual or potential change of control of our company which
might be beneficial to us or our security holders.

 

As noted above, our Certificate of Incorporation
permits our board of directors to issue shares of any class or series of preferred stock in the future without stockholder approval
and upon such terms as our board of directors may determine. The rights of the holders of common stock will be subject to, and
may be adversely affected by, the rights of the holders of any class or series of preferred stock that may be issued in the future.

 

Our Bylaws generally provide that any board
vacancy, including a vacancy resulting from an increase in the authorized number of directors, may be filled by a majority of the
directors, even if less than a quorum.

 

Additionally, our Bylaws provide that stockholders
must provide timely notice in writing to bring business before an annual meeting of shareholders or to nominate candidates for
election as directors at an annual meeting of shareholders. Notice for an annual meeting is timely if our Secretary receives the
written notice not less than 45 days and no more than 75 days prior to the anniversary of the date that we mailed proxy materials
for the preceding year’s annual meeting. However, if the date of the annual meeting is advanced more than thirty (30) days
prior to, or delayed by more than thirty (30) days after, the anniversary of the preceding year’s annual meeting, notice
by the stockholder to be timely must be delivered not later than the close of business on the later of (i) the 90th
day prior to such annual meeting or (ii) the 10th day following the day on which public announcement of the date of
such annual meeting is first made. Our Bylaws also specify the form and content of a shareholder’s notice. These provisions
may prevent shareholders from bringing matters before an annual meeting of shareholders or from making nominations for directors
at an annual meeting of shareholders.

 

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Delaware Anti-Takeover Statute

 

We are subject to the provisions of Section
203 of the Delaware General Corporation Law regulating corporate takeovers. In general, Section 203 prohibits a publicly held Delaware
corporation from engaging, under certain circumstances, in a business combination with an interested stockholder for a period of
three years following the date the person became an interested stockholder unless:

 

	 	●	prior to the date of the transaction, our board of directors approved either the business combination or the transaction which resulted in the stockholder becoming an interested stockholder;

 

	 	●	upon completion of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, calculated as provided under Section 203; or

 

	 	●	at or subsequent to the date of the transaction, the business combination is approved by our board of directors and authorized at an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of at least two-thirds of the outstanding voting stock which is not owned by the interested stockholder.

 

Generally, a business combination includes
a merger, asset or stock sale, or other transaction resulting in a financial benefit to the interested stockholder. An interested
stockholder is a person who, together with affiliates and associates, owns or, within three years prior to the determination of
interested stockholder status, did own 15% or more of a corporation’s outstanding voting stock. We expect the existence of
this provision to have an anti-takeover effect with respect to transactions our board of directors does not approve in advance.
We also anticipate that Section 203 may also discourage attempts that might result in a premium over the market price for the shares
of common stock held by stockholders.

 

Transfer Agent

 

The transfer agent and registrar for our common
stock is American Stock Transfer & Trust Company, LLC. Its address is 6201 15th Avenue, Brooklyn, NY 11219 and
its telephone number is (718) 921-8200.

 

    4Exhibit 4.2

  

  
    

    

  

  
    	
             

          

  

  SEANERGY MARITIME HOLDINGS CORP.

  

  

  and

  

  

  CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as

  Warrant Agent

  
    	
             

          

  

  

  

  Warrant Agency Agreement

  

  

  Dated as of [____], 2020

  
    
      

  

  
  WARRANT AGENCY AGREEMENT

  

  

  WARRANT AGENCY AGREEMENT, dated as of [____], 2020 (“Agreement”), between Seanergy Maritime Holdings Corp., a corporation organized under the laws of the Republic of the Marshall Islands (the
    “Company”), and Continental Stock Transfer & Trust Company. (the “Warrant Agent”).

  

  

  W I T N E S S E T H

  

  

  WHEREAS, pursuant to a registered offering by the Company (the “Offering”) of up to [_______________] shares of common stock, par value $0.0001 per share (the “Common Stock”) of the
    Company (or up to [_____________] Pre-Funded Warrants to purchase shares of Common Stock for any purchaser who, as a result of purchasing securities in this Offering, would, together with its affiliates and other related parties, beneficially own more
    than 4.99% or 9.99% of our outstanding Common Stock immediately following the consummation of the Offering) (the “Pre-Funded Warrants” and, together with the Common Stock and the shares of Common Stock issuable upon exercise of the Pre-Funded
    Warrants, the “Shares”) and up to [_______________] Warrants (the “Warrants”) to purchase [_______________] shares of Common Stock (the “Warrant Shares”) at a price of $[___] per share; and

  

  

  WHEREAS, the Company granted an over-allotment option to purchase up to fifteen percent (15%) of  the aggregate number of Shares and/or Warrants sold, including warrants to purchase an additional
    [__] shares of Common Stock (the “Over-Allotment Option”) to the Underwriters; and

  

  

  WHEREAS, upon the terms and subject to the conditions hereinafter set forth and pursuant to an effective registration statement on Form F-1, as amended (File No. 333-237328) (the “Registration
      Statement”), and the terms and conditions of the Warrant Certificate, the Company wishes to issue the Warrants in book entry form entitling the respective holders of the Warrants (the “Holders,” which term shall include a Holder’s
    transferees, successors and assigns and “Holder” shall include, if the Warrants are held in “street name,” a Participant (as defined below) or a designee appointed by such Participant); and

  

  

  WHEREAS, the shares of Common Stock (or Pre-Funded Warrants) and Warrants to be issued in connection with the Offering shall be issued separately, but will be purchased together in the Offering; and

  

  

  WHEREAS, the Company wishes the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing so to act, in connection with the issuance, registration, transfer, exchange, exercise
    and replacement of the Warrants and, in the Warrant Agent’s capacity as the Company’s transfer agent, the delivery of the Warrant Shares (as defined below).

  

  

  NOW, THEREFORE, in consideration of the premises and the mutual agreements herein set forth, the parties hereby agree as follows:

  

  

  Section 1. Certain Definitions. For purposes of this Agreement, all capitalized terms not herein defined shall have the meanings hereby indicated:

  

  

  (a) “Affiliate” has the meaning ascribed to it in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

  

  

  (b) “Business Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which the Nasdaq Stock Market is authorized or
    required by law or other governmental action to close.

  

  

  (c) “Close of Business” on any given date means 5:00 p.m., New York City time, on such date; provided, however, that if such date is not a Business Day it means 5:00 p.m., New
    York City time, on the next succeeding Business Day.

  

  

  (d) “Person” means an individual, corporation, association, partnership, limited liability company, joint venture, trust, unincorporated organization, government or political subdivision
    thereof or governmental agency or other entity.

  
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  (e) “Warrant Certificate” means a certificate in substantially the form attached as Exhibit 1 hereto, representing such number of Warrant Shares as is indicated therein, provided that
    any reference to the delivery of a Warrant Certificate in this Agreement shall include delivery of a Definitive Certificate or a Global Warrant (each as defined below).

  

  

  All other capitalized terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Warrant Certificate.

  

  

  Section 2. Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company in accordance with the terms and conditions hereof, and the Warrant
    Agent hereby accepts such appointment.

  

  

  Section 3. Global Warrants.

  

  

  (a) The Warrants shall be registered securities and shall be evidenced by a global warrant (the “Global Warrants”), in the form of the Warrant Certificate, which shall be deposited with the
    Warrant Agent and registered in the name of Cede & Co., a nominee of The Depository Trust Company (the “DTC”), or as otherwise directed by the DTC. Ownership of beneficial interests in the Warrants shall be shown on, and the transfer of such
    ownership shall be effected through, records maintained by (i) the DTC or its nominee for each Global Warrant or (ii) institutions that have accounts with the DTC (such institution, with respect to a Warrant in its account, a “Participant”).

  

  

  (b) If the DTC subsequently ceases to make its book-entry settlement system available for the Warrants, the Company may instruct the Warrant Agent regarding other arrangements for book-entry
    settlement. In the event that the Warrants are not eligible for, or it is no longer necessary to have the Warrants available in, book-entry form, the Warrant Agent shall provide written instructions to the DTC to deliver to the Warrant Agent for
    cancellation each Global Warrant, and the Company shall instruct the Warrant Agent to deliver to each Holder a Warrant Certificate.

  

  

  (c)  A Holder has the right to elect at any time or from time to time a Warrant Exchange (as defined below) pursuant to a Warrant Certificate Request Notice (as defined below). Upon written notice
    by a Holder to the Warrant Agent for the exchange of some or all of such Holder’s Global Warrants for a separate certificate substantially in the form attached hereto as Exhibit 1 (such separate certificate, a “Definitive Certificate”)
    evidencing the same number of Warrants, which request shall be in the form attached hereto as Exhibit 2 (a “Warrant Certificate Request Notice” and the date of delivery of such Warrant Certificate Request Notice by the Holder, the “Warrant

      Certificate Request Notice Date” and the deemed surrender upon delivery by the Holder of a number of Global Warrants for the same number of Warrants evidenced by a Warrant Certificate, a “Warrant Exchange”), the Warrant Agent shall
    promptly effect the Warrant Exchange and shall promptly issue and deliver to the Holder a Definitive Certificate for such number of Warrants in the name set forth in the Warrant Certificate Request Notice.  Such Definitive Certificate shall be dated
    the original issue date of the Warrants, shall be executed manually or by facsimile by an authorized signatory of the Company, shall be substantially in the form attached hereto as Exhibit 1 and shall be reasonably acceptable in all respects to
    such Holder.  In connection with a Warrant Exchange, the Company agrees to deliver, or to direct the Warrant Agent to deliver, the Definitive Certificate to the Holder within ten (10) Business Days of the Warrant Certificate Request Notice pursuant to
    the delivery instructions in the Warrant Certificate Request Notice (“Warrant Certificate Delivery Date”).  The Company covenants and agrees that, upon the date of delivery of the Warrant Certificate Request Notice, the Holder shall be deemed to
    be the holder of the Definitive Certificate and, notwithstanding anything to the contrary set forth herein, the Definitive Certificate shall be deemed for all purposes to contain all of the terms and conditions of the Warrants evidenced by such Warrant
    Certificate and the terms of this Agreement, other than Sections 3(c), 3(d) and 9 herein, shall not apply to the Warrants evidenced by the Definitive Certificate.  Notwithstanding anything to the contrary contained in this Agreement, in the event of
    inconsistency between any provision in this Agreement and any provision in a Definitive Certificate, as it may from time to time be amended, the terms of such Definitive Certificate shall control.

  
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  (d) A Holder of a Definitive Certificate (pursuant to a Warrant Exchange or otherwise) has the right to elect at any time or from time to time a Global Warrants Exchange (as defined below) pursuant
    to a Global Warrants Request Notice (as defined below). Upon written notice by a Holder to the Company for the exchange of some or all of such Holder’s Warrants evidenced by a Definitive Certificate for a beneficial interest in Global Warrants held in
    book-entry form through the DTC evidencing the same number of Warrants, which request shall be in the form attached hereto as Exhibit 3 (a “Global Warrants Request Notice” and the date of delivery of such Global Warrants Request Notice
    by the Holder, the “Global Warrants Request Notice Date” and the surrender upon delivery by the Holder of the Warrants evidenced by Definitive Certificates for the same number of Warrants evidenced by a beneficial interest in Global Warrants
    held in book-entry form through the DTC, a “Global Warrants Exchange”), the Company shall promptly effect the Global Warrants Exchange and shall promptly direct the Warrant Agent to issue and deliver to the Holder Global Warrants for such number
    of Warrants in the Global Warrants Request Notice, which beneficial interest in such Global Warrants shall be delivered by the DTC’s Deposit or Withdrawal at Custodian system to the Holder pursuant to the instructions in the Global Warrants Request
    Notice.  In connection with a Global Warrants Exchange, the Company shall direct the Warrant Agent to deliver the beneficial interest in such Global Warrants to the Holder within ten (10) Business Days of the Global Warrants Request Notice pursuant to
    the delivery instructions in the Global Warrant Request Notice (“Global Warrants Delivery Date”). The Company covenants and agrees that, upon the date of delivery of the Global Warrants Request Notice, the Holder shall be deemed to be the
    beneficial holder of such Global Warrants.

  

  

  Section 4. Form of Warrant Certificates. The Warrant Certificate, together with the form of election to purchase Common Stock (“Notice of Exercise”) and the form of assignment to be
    printed on the reverse thereof, shall be substantially in the form of Exhibit 1 hereto.

  

  

  Section 5. Countersignature and Registration. The Warrant Certificates shall be executed on behalf of the Company by its Chief Executive Officer or Chief Financial Officer, by facsimile
    signature. The Warrant Certificates shall be countersigned by the Warrant Agent by facsimile signature and shall not be valid for any purpose unless so countersigned. In case any officer of the Company who shall have signed any of the Warrant
    Certificates shall cease to be such officer of the Company before countersignature by the Warrant Agent and issuance and delivery by the Company, such Warrant Certificates, nevertheless, may be countersigned by the Warrant Agent, issued and delivered
    with the same force and effect as though the person who signed such Warrant Certificate had not ceased to be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by any person who, at the actual date of the
    execution of such Warrant Certificate, shall be a proper officer of the Company to sign such Warrant Certificate, although at the date of the execution of this Warrant Agreement any such person was not such an officer.

  

  

  The Warrant Agent will keep or cause to be kept, at one of its offices, or at the office of one of its agents, books for registration and transfer of the Warrant Certificates issued hereunder. Such
    books shall show the names and addresses of the respective Holders of the Warrant Certificates, the number of warrants evidenced on the face of each of such Warrant Certificate and the date of each of such Warrant Certificate.  The Warrant Agent will
    create a special account for the issuance of Warrant Certificates.

  

  

  Section 6. Transfer, Split Up, Combination and Exchange of Warrant Certificates; Mutilated, Destroyed, Lost or Stolen Warrant Certificates. With respect to the Global Warrant, subject to the
    provisions of the Warrant Certificate and the last sentence of this first paragraph of Section 6 and subject to applicable law, rules or regulations, or any “stop transfer” instructions the Company may give to the Warrant Agent, at any time after the
    closing date of the Offering, and at or prior to the Close of Business on the Termination Date (as such term is defined in the Warrant Certificate), any Warrant Certificate or Warrant Certificates or Global Warrant or Global Warrants may be
    transferred, split up, combined or exchanged for another Warrant Certificate or Warrant Certificates or Global Warrant or Global Warrants, entitling the Holder to purchase a like number of shares of Common Stock as the Warrant Certificate or Warrant
    Certificates or Global Warrant or Global Warrants surrendered then entitled such Holder to purchase. Any Holder desiring to transfer, split up, combine or exchange any Warrant Certificate or Global Warrant shall make such request in writing delivered
    to the Warrant Agent, and shall surrender the Warrant Certificate or Warrant Certificates to be transferred, split up, combined or exchanged at the principal office of the Warrant Agent, provided that no such surrender is applicable to the Holder of a
    Global Warrant. Any requested transfer of Warrants, whether in book-entry form or certificate form, shall be accompanied by reasonable evidence of authority of the party making such request that may be required by the Warrant Agent. Thereupon the
    Warrant Agent shall, subject to the last sentence of this first paragraph of Section 6, countersign and deliver to the Person entitled thereto a Warrant Certificate or Warrant Certificates, as the case may be, as so requested. The Company may require
    payment from the Holder of a sum sufficient to cover any tax or governmental charge that may be imposed in connection with any transfer, split up, combination or exchange of Warrant Certificates. The Company shall compensate the Warrant Agent per the
    fee schedule mutually agreed upon by the parties hereto and provided separately on the date hereof.

  
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  Upon receipt by the Warrant Agent of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of a Warrant Certificate, which evidence shall include an affidavit of loss,
    or in the case of mutilated certificates, the certificate or portion thereof remaining, and, in case of loss, theft or destruction, of indemnity in customary form and amount (but shall not include the posting of any bond by the Holder), and
    reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated, the Company will make and deliver a new Warrant
    Certificate of like tenor to the Warrant Agent for delivery to the Holder in lieu of the Warrant Certificate so lost, stolen, destroyed or mutilated.

  

  

  Section 7. Exercise of Warrants; Exercise Price; Termination Date.

  

  

  (a) The Warrants shall be exercisable commencing on the Issue Date. The Warrants shall cease to be exercisable and shall terminate and become void as set forth in the Warrant Certificate.  Subject
    to the foregoing and to Section 7(b) below, the Holder of a Warrant may exercise the Warrant in whole or in part upon surrender of the Warrant Certificate, if required, with the executed Notice of Exercise and payment of the Exercise Price, which may
    be made, at the option of the Holder, by wire transfer or by certified or official bank check in United States dollars, to the Warrant Agent at the principal office of the Warrant Agent or to the office of one of its agents as may be designated by the
    Warrant Agent from time to time. In the case of the Holder of a Global Warrant, the Holder shall deliver the executed Notice of Exercise and the payment of the Exercise Price as described herein. Notwithstanding any other provision in this Agreement, a
    holder whose interest in a Global Warrant is a beneficial interest in a Global Warrant held in book-entry form through the DTC (or another established clearing corporation performing similar functions), shall effect exercises by delivering to the DTC
    (or such other clearing corporation, as applicable) the appropriate instruction form for exercise, complying with the procedures to effect exercise that are required by the DTC (or such other clearing corporation, as applicable). The Company
    acknowledges that the bank accounts maintained by the Warrant Agent in connection with the services provided under this Agreement will be in its name and that the Warrant Agent may receive investment earnings in connection with the investment at
    Warrant Agent risk and for its benefit of funds held in those accounts from time to time.  Neither the Company nor the Holders will receive interest on any deposits or Exercise Price.  No ink-original Notice of Exercise shall be required, nor shall any
    medallion guarantee (or other type of guarantee or notarization) of any Notice of Exercise be required. The Company hereby acknowledges and agrees that, with respect to a holder whose interest in a Global Warrant is a beneficial interest in a Global
    Warrant held in book-entry form through the DTC (or another established clearing corporation performing similar functions), upon delivery of irrevocable instructions to such holder’s Participant to exercise such warrants, that solely for purposes of
    Regulation SHO that such holder shall be deemed to have exercised such warrants.

  

  

  (b) Upon receipt of a Notice of Exercise for a Cashless Exercise the Company will promptly calculate and transmit to the Warrant Agent the number of Warrant Shares issuable in connection with such
    Cashless Exercise and deliver a copy of the Notice of Exercise to the Warrant Agent, which shall issue such number of Warrant Shares in connection with such Cashless Exercise.

  

  

  (c) Upon the exercise of the Warrant Certificate pursuant to the terms of Section 2 of the Warrant Certificate, the Warrant Agent shall cause the Warrant Shares underlying such Warrant Certificate
    or Global Warrant to be delivered to or upon the order of the Holder of such Warrant Certificate or Global Warrant, registered in such name or names as may be designated by such Holder, no later than the Warrant Share Delivery Date (as such term is
    defined in the Warrant Certificate). If the Company is then a participant in the DWAC system of the DTC and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares by
    Holder or (B) the Warrant is being exercised via Cashless Exercise, then the certificates for Warrant Shares shall be transmitted by the Warrant Agent to the Holder by crediting the account of the Holder’s broker with the DTC through its DWAC system.
    For the avoidance of doubt, if the Company becomes obligated to pay any amounts to any Holders pursuant to Section 2(d)(i) or 2(d)(iv) of the Warrant Certificate, such obligation shall be solely that of the Company and not that of the Warrant Agent.
    Notwithstanding anything else to the contrary in this Agreement, except in the case of a Cashless Exercise, if any Holder fails to duly deliver payment to the Warrant Agent of an amount equal to the aggregate Exercise Price of the Warrant Shares to be
    purchased upon exercise of such Holder’s Warrant as set forth in Section 7(a) hereof by the Warrant Share Delivery Date, the Warrant Agent will not obligated to deliver such Warrant Shares (via DWAC or otherwise) until following receipt of such
    payment, and the applicable Warrant Share Delivery Date shall be deemed extended by one day for each day (or part thereof) until such payment is delivered to the Warrant Agent.

  
    5

    
      

  

  (d) The Warrant Agent shall deposit all funds received by it in payment of the Exercise Price for all Warrants in the account of the Company maintained with the Warrant Agent for such purpose (or to
    such other account as directed by the Company in writing) and shall advise the Company via email at the end of each day on which notices of exercise are received or funds for the exercise of any Warrant are received of the amount so deposited to its
    account.

  

  

  Section 8. Cancellation and Destruction of Warrant Certificates. All Warrant Certificates surrendered for the purpose of exercise, transfer, split up, combination or exchange shall, if
    surrendered to the Company or to any of its agents, be delivered to the Warrant Agent for cancellation or in canceled form, or, if surrendered to the Warrant Agent, shall be canceled by it, and no Warrant Certificate shall be issued in lieu thereof
    except as expressly permitted by any of the provisions of this Agreement. The Company shall deliver to the Warrant Agent for cancellation and retirement, and the Warrant Agent shall so cancel and retire, any other Warrant Certificate purchased or
    acquired by the Company otherwise than upon the exercise thereof. The Warrant Agent shall deliver all canceled Warrant Certificates to the Company, or shall, at the written request of the Company, destroy such canceled Warrant Certificates, and in such
    case shall deliver a certificate of destruction thereof to the Company, subject to any applicable law, rule or regulation requiring the Warrant Agent to retain such canceled certificates.

  

  

  Section 9. Certain Representations; Reservation and Availability of Shares of Common Stock or Cash.

  

  

  (a) This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the Warrant Agent, constitutes a valid and
    legally binding obligation of the Company enforceable against the Company in accordance with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication thereof by the Warrant Agent
    pursuant hereto and payment therefor by the Holders as provided in the Registration Statement, constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits
    hereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether
    such enforceability is considered in a proceeding in equity or at law).

  

  

  (b) As of the date hereof, the authorized capital stock of the Company consists of (i) 500,000,000 shares of Common Stock, of which approximately 26,900,050 shares of Common Stock are issued and
    outstanding as of December 31, 2019, and [________] shares of Common Stock are reserved for issuance upon exercise of the Warrants, and (ii) 25,000,000 shares of preferred stock, par value $0.0001 per share, of which no shares are issued and
    outstanding. Except as disclosed in the Registration Statement, there are no other outstanding obligations, warrants, options or other rights to subscribe for or purchase from the Company any class of capital stock of the Company.

  

  

  (c) The Company covenants and agrees that it will cause to be reserved and kept available out of its authorized and unissued shares of Common Stock or its authorized and issued shares of Common
    Stock held in its treasury, free from preemptive rights, the number of shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants.

  

  

  (d) The Warrant Agent will create a special account for the issuance of Common Stock upon the exercise of Warrants.

  

  

  (e) The Company further covenants and agrees that it will pay when due and payable any and all federal and state transfer taxes and charges which may be payable in respect of the original issuance
    or delivery of the Warrant Certificates or certificates evidencing Common Stock upon exercise of the Warrants. The Company shall not, however, be required to pay any tax or governmental charge which may be payable in respect of any transfer involved in
    the transfer or delivery of Warrant Certificates or the issuance or delivery of certificates for Common Stock in a name other than that of the Holder of the Warrant Certificate evidencing Warrants surrendered for exercise or to issue or deliver any
    certificate for shares of Common Stock upon the exercise of any Warrants until any such tax or governmental charge shall have been paid (any such tax or governmental charge being payable by the Holder of such Warrant Certificate at the time of
    surrender) or until it has been established to the Company’s reasonable satisfaction that no such tax or governmental charge is due.

  
    6

    
      

  

  Section 10. Common Stock Record Date. Each Person in whose name any certificate for shares of Common Stock is issued (or to whose broker’s account is credited shares of Common Stock through
    the DWAC system) upon the exercise of Warrants shall for all purposes be deemed to have become the holder of record for the Common Stock represented thereby on, and such certificate shall be dated, the date on which submission of the Notice of Exercise
    was made, provided that the Warrant Certificate evidencing such Warrant is duly surrendered (but only if required herein) and payment of the Exercise Price (and any applicable transfer taxes) is received on or prior to the Warrant Share Delivery Date;
    provided, however, that if the date of submission of the Notice of Exercise is a date upon which the Common Stock transfer books of the Company are closed, such Person shall be deemed to have become the record holder of such shares on,
    and such certificate shall be dated, the next succeeding day on which the Common Stock transfer books of the Company are open.

  

  

  Section 11. Adjustment of Exercise Price, Number of Shares of Common Stock or Number of the Company Warrants. The Exercise Price, the number of shares covered by each Warrant and the number
    of Warrants outstanding are subject to adjustment from time to time as provided in Section 3 of the Warrant Certificate. In the event that at any time, as a result of an adjustment made pursuant to Section 3 of the Warrant Certificate, the Holder of
    any Warrant thereafter exercised shall become entitled to receive any shares of capital stock of the Company other than shares of Common Stock, thereafter the number of such other shares so receivable upon exercise of any Warrant shall be subject to
    adjustment from time to time in a manner and on terms as nearly equivalent as practicable to the provisions with respect to the shares contained in Section 3 of the Warrant Certificate and the provisions of Sections 7, 11 and 12 of this Agreement with
    respect to the shares of Common Stock shall apply on like terms to any such other shares.  All Warrants originally issued by the Company subsequent to any adjustment made to the Exercise Price pursuant to the Warrant Certificate shall evidence the
    right to purchase, at the adjusted Exercise Price, the number of shares of Common Stock purchasable from time to time hereunder upon exercise of the Warrants, all subject to further adjustment as provided herein.

  

  

  Section 12. Certification of Adjusted Exercise Price or Number of Shares of Common Stock. Whenever the Exercise Price or the number of shares of Common Stock issuable upon the exercise of
    each Warrant is adjusted as provided in Section 11 or 13, the Company shall (a) promptly prepare a certificate setting forth the Exercise Price of each Warrant as so adjusted, and a brief statement of the facts accounting for such adjustment, (b)
    promptly file with the Warrant Agent and with each transfer agent for the Common Stock a copy of such certificate and (c) instruct the Warrant Agent to send a brief summary thereof to each Holder of a Warrant Certificate.

  

  

  Section 13. Fractional Shares of Common Stock.

  

  

  (a) The Company shall not issue fractions of Warrants or distribute Warrant Certificates which evidence fractional Warrants. Whenever any fractional Warrant would otherwise be required to be issued
    or distributed, the actual issuance or distribution shall reflect a rounding of such fraction to the nearest whole Warrant (rounded down).

  

  

  (b) The Company shall not issue fractions of shares of Common Stock upon exercise of Warrants or distribute stock certificates which evidence fractional shares of Common Stock. Whenever any fraction
    of a share of Common Stock would otherwise be required to be issued or distributed, the actual issuance or distribution in respect thereof shall be made in accordance with Section 2(d)(v) of the Warrant Certificate.

  
    7

    
      

  

  Section 14. Conditions of the Warrant Agent’s Obligations. The Warrant Agent accepts its obligations herein set forth upon the terms and conditions hereof, including the following to all of
    which the Company agrees and to all of which the rights hereunder of the Holders from time to time of the Warrant Certificates shall be subject:

  

  

  
    
      	

            	(a)	
              Compensation and Indemnification. The Company agrees promptly to pay the Warrant Agent the compensation detailed on the fee schedule mutually agreed upon by the parties hereto and provided
                separately on the date hereof for all services rendered by the Warrant Agent and to reimburse the Warrant Agent for reasonable out-of-pocket expenses (including reasonable counsel fees) incurred without gross negligence or willful
                misconduct by the Warrant Agent in connection with the services rendered hereunder by the Warrant Agent. The Company also agrees to indemnify the Warrant Agent for, and to hold it harmless against, any loss, liability or expense incurred
                without gross negligence, or willful misconduct on the part of the Warrant Agent, arising out of or in connection with its acting as Warrant Agent hereunder, including the reasonable costs and expenses of defending against any claim of such
                liability. The Warrant Agent shall be under no obligation to institute or defend any action, suit, or legal proceeding in connection herewith or to take any other action likely to involve the Warrant Agent in expense, unless first
                indemnified to the Warrant Agent’s satisfaction.  The indemnities provided by this paragraph shall survive the resignation or discharge of the Warrant Agent or the termination of this Agreement.  Anything in this Agreement to the contrary
                notwithstanding, in no event shall the Warrant Agent be liable under or in connection with the Agreement for indirect, special, incidental, punitive or consequential losses or damages of any kind whatsoever, including but not limited to
                lost profits, whether or not foreseeable, even if the Warrant Agent has been advised of the possibility thereof and regardless of the form of action in which such damages are sought, and the Warrant Agent’s aggregate liability to the
                Company, or any of the Company’s representatives or agents, under this Section 14(a) or under any other term or provision of this Agreement, whether in contract, tort, or otherwise, is expressly limited to, and shall not exceed in any
                circumstances, one (1) year’s fees received by the Warrant Agent as fees and charges under this Agreement, but not including reimbursable expenses previously reimbursed to the Warrant Agent by the Company hereunder.

            

    

  

  

  

  
    
      	

            	(b)	
              Agent for the Company. In acting under this Warrant Agreement and in connection with the Warrant Certificates, the Warrant Agent is acting solely as agent of the Company and does not assume any
                obligations or relationship of agency or trust for or with any of the Holders of Warrant Certificates or beneficial owners of Warrants.

            

    

  

  

  

  
    
      	

            	(c)	
              Counsel. The Warrant Agent may consult with counsel satisfactory to it, which may include counsel for the Company, and the written advice of such counsel shall be full and complete authorization
                and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in accordance with the advice of such counsel.

            

    

  

  

  

  
    
      	

            	(d)	
              Documents. The Warrant Agent shall be protected and shall incur no liability for or in respect of any action taken or omitted by it in reliance upon any Warrant Certificate, notice, direction,
                consent, certificate, affidavit, statement or other paper or document reasonably believed by it to be genuine and to have been presented or signed by the proper parties.

            

    

  

  

  

  
    
      	

            	(e)	
              Certain Transactions. The Warrant Agent, and its officers, directors and employees, may become the owner of, or acquire any interest in, Warrants, with the same rights that it or they would have
                if it were not the Warrant Agent hereunder, and, to the extent permitted by applicable law, it or they may engage or be interested in any financial or other transaction with the Company and may act on, or as depositary, trustee or agent
                for, any committee or body of Holders of Warrant Securities or other obligations of the Company as freely as if it were not the Warrant Agent hereunder. Nothing in this Warrant Agreement shall be deemed to prevent the Warrant Agent from
                acting as trustee under any indenture to which the Company is a party.

            

    

  

  

  

  
    
      	

            	(f)	
              No Liability for Interest. Unless otherwise agreed with the Company, the Warrant Agent shall have no liability for interest on any monies at any time received by it pursuant to any of the
                provisions of this Agreement or of the Warrant Certificates.

            

    

  

  

  

  
    
      	

            	(g)	
              No Liability for Invalidity. The Warrant Agent shall have no liability with respect to any invalidity of this Agreement or the Warrant Certificates (except as to the Warrant Agent’s
                countersignature thereon).

            

    

  

  

  

  
    
      	

            	(h)	
              No Responsibility for Representations. The Warrant Agent shall not be responsible for any of the recitals or representations herein or in the Warrant Certificate (except as to the Warrant Agent’s
                countersignature thereon), all of which are made solely by the Company.

            

    

  

  
    8

    
      

  

  
    
      	

            	(i)	
              No Implied Obligations. The Warrant Agent shall be obligated to perform only such duties as are herein and in the Warrant Certificates specifically set forth and no implied duties or obligations
                shall be read into this Agreement or the Warrant Certificates against the Warrant Agent. The Warrant Agent shall not be under any obligation to take any action hereunder which may tend to involve it in any expense or liability, the payment
                of which within a reasonable time is not, in its reasonable opinion, assured to it. The Warrant Agent shall not be accountable or under any duty or responsibility for the use by the Company of any of the Warrant Certificates authenticated
                by the Warrant Agent and delivered by it to the Company pursuant to this Agreement or for the application by the Company of the proceeds of the Warrant Certificate. The Warrant Agent shall have no duty or responsibility in case of any
                default by the Company in the performance of its covenants or agreements contained herein or in the Warrant Certificates or in the case of the receipt of any written demand from a Holder of a Warrant Certificate with respect to such
                default, including, without limiting the generality of the foregoing, any duty or responsibility to initiate or attempt to initiate any proceedings at law.

            

    

  

  

  

  Section 15. Purchase or Consolidation or Change of Name of Warrant Agent. Any corporation into which the Warrant Agent or any successor Warrant Agent may be merged or with which it may be
    consolidated, or any corporation resulting from any merger or consolidation to which the Warrant Agent or any successor Warrant Agent shall be party, or any corporation succeeding to the corporate trust business of the Warrant Agent or any successor
    Warrant Agent, shall be the successor to the Warrant Agent under this Agreement without the execution or filing of any paper or any further act on the part of any of the parties hereto, provided that such corporation would be eligible for appointment
    as a successor Warrant Agent under the provisions of Section 17. In case at the time such successor Warrant Agent shall succeed to the agency created by this Agreement  any of the Warrant Certificates shall have been countersigned but not delivered,
    any such successor Warrant Agent may adopt the countersignature of the predecessor Warrant Agent and deliver such Warrant Certificates so countersigned; and in case at that time any of the Warrant Certificates shall not have been countersigned, any
    successor Warrant Agent may countersign such Warrant Certificates either in the name of the predecessor Warrant Agent or in the name of the successor Warrant Agent; and in all such cases such Warrant Certificates shall have the full force provided in
    the Warrant Certificates and in this Agreement.

  

  

  In case at any time the name of the Warrant Agent shall be changed and at such time any of the Warrant Certificates shall have been countersigned but not delivered, the Warrant Agent may adopt the
    countersignature under its prior name and deliver such Warrant Certificates so countersigned; and in case at that time any of the Warrant Certificates shall not have been countersigned, the Warrant Agent may countersign such Warrant Certificates either
    in its prior name or in its changed name; and in all such cases such Warrant Certificates shall have the full force provided in the Warrant Certificates and in this Agreement.

  

  

  Section 16. Duties of Warrant Agent. The Warrant Agent undertakes the duties and obligations imposed by this Agreement upon the following terms and conditions, by all of which the Company, by
    its acceptance hereof, shall be bound:

  

  

  (a) The Warrant Agent may consult with legal counsel reasonably acceptable to the Company (who may be legal counsel for the Company), and the opinion of such counsel shall be full and complete
    authorization and protection to the Warrant Agent as to any action taken or omitted by it in good faith and in accordance with such opinion.

  

  

  (b) Whenever in the performance of its duties under this Agreement the Warrant Agent shall deem it necessary or desirable that any fact or matter be proved or established by the Company prior to
    taking or suffering any action hereunder, such fact or matter (unless other evidence in respect thereof be herein specifically prescribed) may be deemed to be conclusively proved and established by a certificate signed by the Chief Executive Officer,
    Chief Financial Officer or Vice President of the Company; and such certificate shall be full authentication to the Warrant Agent for any action taken or suffered in good faith by it under the provisions of this Agreement in reliance upon such
    certificate.

  

  

  (c) Subject to the limitation set forth in Section 14, the Warrant Agent shall be liable hereunder only for its own gross negligence or willful misconduct, or for a breach by it of this Agreement.

  

  

  (d) The Warrant Agent shall not be liable for or by reason of any of the statements of fact or recitals contained in this Agreement or in the Warrant Certificate (except its countersignature
    thereof) by the Company or be required to verify the same, but all such statements and recitals are and shall be deemed to have been made by the Company only.

  
    9

    
      

  

  (e) The Warrant Agent shall not be under any responsibility in respect of the validity of this Agreement or the execution and delivery hereof (except the due execution hereof by the Warrant Agent)
    or in respect of the validity or execution of any Warrant Certificate (except its countersignature thereof); nor shall it be responsible for any breach by the Company of any covenant or condition contained in this Agreement or in any Warrant
    Certificate; nor shall it be responsible for the adjustment of the Exercise Price or the making of any change in the number of shares of Common Stock required under the provisions of Section 11 or 13 or responsible for the manner, method or amount of
    any such change or the ascertaining of the existence of facts that would require any such adjustment or change (except with respect to the exercise of Warrants evidenced by the Warrant Certificates after actual notice of any adjustment of the Exercise
    Price); nor shall it by any act hereunder be deemed to make any representation or warranty as to the authorization or reservation of any shares of Common Stock to be issued pursuant to this Agreement or any Warrant Certificate or as to whether any
    shares of Common Stock will, when issued, be duly authorized, validly issued, fully paid and nonassessable.

  

  

  (f) Each party hereto agrees that it will perform, execute, acknowledge and deliver or cause to be performed, executed, acknowledged and delivered all such further and other acts, instruments and
    assurances as may reasonably be required by the other party hereto for the carrying out or performing by any party of the provisions of this Agreement.

  

  

  (g) The Warrant Agent is hereby authorized to accept instructions with respect to the performance of its duties hereunder from the Chief Executive Officer, Chief Financial Officer or Vice President
    of the Company, and to apply to such officers for advice or instructions in connection with its duties, and it shall not be liable and shall be indemnified and held harmless for any action taken or suffered to be taken by it in good faith in accordance
    with instructions of any such officer, provided Warrant Agent carries out such instructions without gross negligence or willful misconduct.

  

  

  (h) The Warrant Agent and any shareholder, director, officer or employee of the Warrant Agent may buy, sell or deal in any of the Warrants or other securities of the Company or become pecuniarily
    interested in any transaction in which the Company may be interested, or contract with or lend money to the Company or otherwise act as fully and freely as though it were not Warrant Agent under this Agreement. Nothing herein shall preclude the Warrant
    Agent from acting in any other capacity for the Company or for any other legal entity.

  

  

  (i) The Warrant Agent may execute and exercise any of the rights or powers hereby vested in it or perform any duty hereunder either itself or by or through its attorney or agents, and the Warrant
    Agent shall not be answerable or accountable for any act, default, neglect or misconduct of any such attorney or agents or for any loss to the Company resulting from any such act, default, neglect or misconduct, provided reasonable care was exercised
    in the selection and continued employment thereof.

  

  

  Section 17. Change of Warrant Agent. The Warrant Agent may resign and be discharged from its duties under this Agreement upon 30 days’ notice in writing sent to the Company and to each
    transfer agent of the Common Stock, and to the Holders of the Warrant Certificates. The Company may remove the Warrant Agent or any successor Warrant Agent upon 30 days’ notice in writing, sent to the Warrant Agent or successor Warrant Agent, as the
    case may be, and to each transfer agent of the Common Stock, and to the Holders of the Warrant Certificates. If the Warrant Agent shall resign or be removed or shall otherwise become incapable of acting, the Company shall appoint a successor to the
    Warrant Agent. If the Company shall fail to make such appointment within a period of 30 days after such removal or after it has been notified in writing of such resignation or incapacity by the resigning or incapacitated Warrant Agent or by the Holder
    of a Warrant Certificate (who shall, with such notice, submit his Warrant Certificate for inspection by the Company), then the Holder of any Warrant Certificate may apply to any court of competent jurisdiction for the appointment of a new Warrant
    Agent, provided that, for purposes of this Agreement, the Company shall be deemed to be the Warrant Agent until a new warrant agent is appointed. Any successor Warrant Agent, whether appointed by the Company or by such a court, shall be a corporation
    organized and doing business under the laws of the United States or of a state thereof, in good standing, which is authorized under such laws to exercise corporate trust powers and is subject to supervision or examination by federal or state authority
    and which has at the time of its appointment as Warrant Agent a combined capital and surplus of at least $50,000,000. After appointment, the successor Warrant Agent shall be vested with the same powers, rights, duties and responsibilities as if it had
    been originally named as Warrant Agent without further act or deed; but the predecessor Warrant Agent shall deliver and transfer to the successor Warrant Agent any property at the time held by it hereunder, and execute and deliver any further
    assurance, conveyance, act or deed necessary for the purpose. Not later than the effective date of any such appointment, the Company shall file notice thereof in writing with the predecessor Warrant Agent and each transfer agent of the Common Stock,
    and mail a notice thereof in writing to the Holders of the Warrant Certificates. However, failure to give any notice provided for in this Section 17, or any defect therein, shall not affect the legality or validity of the resignation or removal of the
    Warrant Agent or the appointment of the successor Warrant Agent, as the case may be.

  
    10

    
      

  

  Section 18. Issuance of New Warrant Certificates. Notwithstanding any of the provisions of this Agreement or of the Warrants to the contrary, the Company may, at its option, issue new Warrant
    Certificates evidencing Warrants in such form as may be approved by its Board of Directors to reflect any adjustment or change in the Exercise Price per share and the number or kind or class of shares of stock or other securities or property
    purchasable under the several Warrant Certificates made in accordance with the provisions of this Agreement.

  

  

  Section 19. Notices. Notices or demands authorized by this Agreement to be given or made (i) by the Warrant Agent or by the Holder of any Warrant Certificate to or on the Company, (ii)
    subject to the provisions of Section 17, by the Company or by the Holder of any Warrant Certificate to or on the Warrant Agent or (iii) by the Company or the Warrant Agent to the Holder of any Warrant Certificate shall be deemed given (a) on the date
    delivered, if delivered personally, (b) on the first Business Day following the deposit thereof with Federal Express or another recognized overnight courier, if sent by Federal Express or another recognized overnight courier, (c) on the fourth Business
    Day following the mailing thereof with postage prepaid, if mailed by registered or certified mail (return receipt requested), and (d) the date of transmission, if such notice or communication is delivered via facsimile or email attachment at or prior
    to 5:30 p.m. (New York City time) on a Business Day and (e) the next Business Day after the date of transmission, if such notice or communication is delivered via facsimile or email attachment on a day that is not a Business Day or later than 5:30 p.m.
    (New York City time) on any Business Day, in each case to the parties at the following addresses (or at such other address for a party as shall be specified by like notice):

  

  

  	
          (a)

        	 	
          If to the Company, to:

        
	 	 	 
	 	 	
          Seanergy Maritime Holdings Corp.

        
	 	 	
          c/o Legal Department

        
	 	 	
          154 Vouliagmenis Avenue, 166 74

        
	 	 	
          Glyfada, Athens, Greece

        
	 	 	 
	
          (b)

        	 	
          If to the Warrant Agent, to:

        
	 	 	 
	 	 	
          Continental Stock Transfer & Trust Company

        
	 	 	
          1 State Street, 30th Floor

        
	 	 	
          New York, NY 10004

        

  

  

  For any notice delivered by email to be deemed given or made, such notice must be followed by notice sent by overnight courier service to be delivered on the next business day following such email, unless the recipient
    of such email has acknowledged via return email receipt of such email.

  

  

  (c) If to the Holder of any Warrant Certificate to the address of such Holder as shown on the registry books of the Company. Any notice required to be delivered by the Company to the Holder of any
    Warrant may be given by the Warrant Agent on behalf of the Company. Notwithstanding any other provision of this Agreement, where this Agreement provides for notice of any event to a Holder of any Warrant, such notice shall be sufficiently given if
    given to the DTC (or its designee) pursuant to the procedures of the DTC or its designee.

  

  

  Section 20. Supplements and Amendments.

  

  

  (a) The Company and the Warrant Agent may from time to time supplement or amend this Agreement without the approval of any Holders of Global Warrants in order to add to the covenants and agreements
    of the Company for the benefit of the Holders of the Global Warrants or to surrender any rights or power reserved to or conferred upon the Company in this Agreement, provided that such addition or surrender shall not adversely affect the interests of
    the Holders of the Global Warrants or Warrant Certificates in any material respect.

  
    11

    
      

  

  (b) In addition to the foregoing, with the consent of Holders of Warrants entitled, upon exercise thereof, to receive not less than a majority of the shares of Common Stock issuable under Warrants
    which are not beneficially owned by Affiliates of the Company, the Company and the Warrant Agent may modify this Agreement for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Warrant
    Agreement or modifying in any manner the rights of the Holders of the Global Warrants; provided, however, that no modification of the terms (including but not limited to the adjustments described in Section 11) upon which the Warrants
    are exercisable or the rights of holders of Warrants to receive liquidated damages or other payments in cash from the Company or reducing the percentage required for consent to modification of this Agreement may be made without the consent of the
    Holder of each outstanding Warrant Certificate affected thereby. As a condition precedent to the Warrant Agent’s execution of any amendment, the Company shall deliver to the Warrant Agent a certificate from a duly authorized officer of the Company that
    states that the proposed amendment complies with the terms of this Section 20.

  

  

  Section 21. Successors. All covenants and provisions of this Agreement by or for the benefit of the Company or the Warrant Agent shall bind and inure to the benefit of their respective
    successors and assigns hereunder.

  

  

  Section 22. Benefits of this Agreement. Nothing in this Agreement shall be construed to give any Person other than the Company, the Holders of Warrant Certificates and the Warrant Agent any
    legal or equitable right, remedy or claim under this Agreement.  This Agreement shall be for the sole and exclusive benefit of the Company, the Warrant Agent and the Holders of the Warrant Certificates.

  

  

  Section 23. Governing Law. This Agreement and each Warrant Certificate and Global Warrant issued hereunder shall be governed by, and construed in accordance with, the laws of the State of New
    York, without giving effect to the conflicts of law principles thereof.

  

  

  Section 24. Counterparts. This Agreement may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such
    counterparts shall together constitute but one and the same instrument.

  

  

  Section 25. Captions. The captions of the sections of this Agreement have been inserted for convenience only and shall not control or affect the meaning or construction of any of the
    provisions hereof.

  

  

  Section 26. Information. The Company agrees to promptly provide to the Holders of the Warrants any information it  provides to the holders of the Common Stock, except to the extent any such
    information is publicly available on the EDGAR system (or any successor thereof) of the Securities and Exchange Commission.

  

  

  [Signature page to follow]

  
    12

    
      

  

  IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the day and year first above written.

  

  

  	 	
          SEANERGY MARITIME HOLDINGS CORP.

        
	 	 	 
	 	
          By:

        	 
	 	
          Name:

        	 
	 	
          Title:

        	 

  

  

  	 	
          CONTINENTAL STOCK TRANSFER & TRUST COMPANY

        
	 	 	 
	 	
          By:

        	 
	 	
          Name:

        	 
	 	
          Title:

        	 

  

  

  
    13

    
      

  

  Exhibit 1

  

  

   Form of Warrant Certificate

  

  

  [Insert Final Form of Warrant]

  
    
      

  

  Exhibit 2

  Form of Warrant Certificate Request Notice

  

  

  WARRANT CERTIFICATE REQUEST NOTICE

  

  

  To: Continental Stock Transfer & Trust Company., as Warrant Agent for Seanergy Maritime Holdings Corp. (the “Company”)

  

  

  The undersigned Holder of Common Stock Purchase Warrants (“Warrants”) in the form of Global Warrants issued by the Company hereby elects to receive a Warrant Certificate evidencing the Warrants
    held by the Holder as specified below:

  

  

  
    
      	

            	1.	
              Name of Holder of Warrants in form of Global Warrants: _____________________________

            

    

  

  

  

  
    
      	

            	2.	
              Name of Holder in Warrant Certificate (if different from name of Holder of Warrants in form of Global Warrants): ________________________________

            

    

  

  

  

  
    
      	

            	3.	
              Number of Warrants in name of Holder in form of Global Warrants: ___________________

            

    

  

  

  

  
    
      	

            	4.	
              Number of Warrants for which Warrant Certificate shall be issued: __________________

            

    

  

  

  

  
    
      	

            	5.	
              Number of Warrants in name of Holder in form of Global Warrants after issuance of Warrant Certificate, if any: ___________

            

    

  

  

  

  
    
      	

            	6.	
              Warrant Certificate shall be delivered to the following address:

            

    

  

  

  

  ______________________________

  

  

  ______________________________

  

  

  ______________________________

  

  

  ______________________________

  

  

  The undersigned hereby acknowledges and agrees that, in connection with this Warrant Exchange and the issuance of the Warrant Certificate, the Holder is deemed to have surrendered the number of
    Warrants in form of Global Warrants in the name of the Holder equal to the number of Warrants evidenced by the Warrant Certificate.

  

  

  [SIGNATURE OF HOLDER]

  

  

  

  

  Name of Investing Entity: ____________________________________________________

  

  

  Signature of Authorized Signatory of Investing Entity: ______________________________

  

  

  Name of Authorized Signatory: ________________________________________________

  

  

  Title of Authorized Signatory: _________________________________________________

  

  

  Date: _____________________________________________________________________

  
    
      

  

  Exhibit 3

  Form of Global Warrant Request Notice

  

  

  GLOBAL WARRANT REQUEST NOTICE

  

  

  To: Continental Stock Transfer & Trust Company, as Warrant Agent for Seanergy Maritime Holdings Corp. (the “Company”)

  

  

  The undersigned Holder of Common Stock Purchase Warrants (“Warrants”) in the form of Warrants Certificates issued by the Company hereby elects to receive a Global Warrant evidencing the Warrants
    held by the Holder as specified below:

  

  

  
    
      	

            	1.	
              Name of Holder of Warrants in form of Warrant Certificates: _____________________________

            

    

  

  

  

  
    
      	

            	2.	
              Name of Holder in Global Warrant (if different from name of Holder of Warrants in form of Warrant Certificates): ________________________________

            

    

  

  

  

  
    
      	

            	3.	
              Number of Warrants in name of Holder in form of Warrant Certificates: ___________________

            

    

  

  

  

  
    
      	

            	4.	
              Number of Warrants for which Global Warrant shall be issued: __________________

            

    

  

  

  

  
    
      	

            	5.	
              Number of Warrants in name of Holder in form of Warrant Certificates after issuance of Global Warrant, if any: ___________

            

    

  

  

  

  
    
      	

            	6.	
              Global Warrant shall be delivered to the following address:

            

    

  

  

  

  
    	 	 	 

    

    

    
      	 	 	 

      
         

        

        	 	 	 

        
           

          

          	 	 	 

          

        

      

    

  

  The undersigned hereby acknowledges and agrees that, in connection with this Global Warrant Exchange and the issuance of the Global Warrant, the Holder is deemed to have surrendered the number of
    Warrants in form of Warrant Certificates in the name of the Holder equal to the number of Warrants evidenced by the Global Warrant.

  

  

  [SIGNATURE OF HOLDER]

  

  

  	
          Name of Investing Entity:

        	 

  

  

  	
          Signature of Authorized Signatory of Investing Entity:

        	 

  

  

  	
          Name of Authorized Signatory:

        	 

  

  

  	
          Title of Authorized Signatory:

        	 

  

  

  	
          Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}]]