Document:

Exhibit 10.99

    

     

    

    Dated 12 February 2021

    

    

    US$20,890,000

    

    

    AMENDMENT TO TERM LOAN FACILITY

     

    

     

    

    

    

    PARTNER SHIPPING CO. LIMITED

    as Borrower

    

    

    and

    

    

    SEANERGY MARITIME HOLDINGS CORP.

    as Corporate Guarantor

    

    

    and

    

    

    AMSTERDAM TRADE BANK N.V.

    as Arranger

    

    

    and

    

    

    AMSTERDAM TRADE BANK N.V.

    as Facility Agent

    

    

    and

    

    

    AMSTERDAM TRADE BANK N.V.

    as Security Agent

    

    

    SECOND SUPPLEMENTAL AGREEMENT

    

    

    relating to

    a senior secured loan facility of up to US$20,890,000

    (i) to refinance the existing indebtedness

    secured on m.v. "PARTNERSHIP" and

    (ii) for general working capital purposes of the Group

     

    

     

    

     

    
      
        

    

    Index

    

    

    	
            Clause

          	
            Page

          
	 	 	 
	
            1

          	
            Definitions and Interpretation

          	
            2

          
	
            2

          	
            Agreement of the Finance Parties

          	
            3

          
	
            3

          	
            Conditions Precedent

          	
            4

          
	
            4

          	
            Representations

          	
            4

          
	
            5

          	
            Amendments to Facility Agreement and other Finance Documents

          	
            4

          
	
            6

          	
            Further Assurance

          	
            8

          
	
            7

          	
            Fees, Costs and Expenses

          	
            8

          
	
            8

          	
            Notices

          	
            8

          
	
            9

          	
            Counterparts

          	
            8

          
	
            10

          	
            Governing Law

          	
            8

          
	
            11

          	
            Enforcement

          	
            8

          
	 	 	 
	
            Schedules

          	 
	 	 	 
	
            Schedule 1 The Lenders

          	
            10

          
	
            Schedule 2 Conditions Precedent

          	
            11

          
	 	 	 
	
            Execution

          	 
	 	 	 
	
            Execution Pages

          	
            12

          

    
      
        

    

    THIS AGREEMENT is made on 12 February 2021

    

    

    PARTIES

    

    

    	(1)	
            PARTNER SHIPPING CO. LIMITED, a company incorporated in the Republic of Malta whose registered address is at 147/1 St. Lucia Street, Valletta, VLT 1185, Malta and registered as foreign maritime
              entity under the Republic of the Marshall Islands as borrower (the "Borrower");

          

    

    

    	(2)	
            SEANERGY MARITIME HOLDINGS CORP., a corporation incorporated in the Republic of the Marshall Islands whose registered address is at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro,
              Marshall Islands MH 96960 as corporate guarantor (the "Corporate Guarantor");

          

    

    

    	(3)	
            AMSTERDAM TRADE BANK N.V. as arranger (the "Arranger");

          

    

    

    	(4)	
            THE FINANCIAL INSTITUTIONS listed in Part B of Schedule 1 (The Parties) as lenders (the "Original Lenders");

          

    

    

    	(5)	
            AMSTERDAM TRADE BANK N.V. as agent of the other Finance Parties (the "Facility Agent"); and

          

    

    

    	(6)	
            AMSTERDAM TRADE BANK N.V. as security agent for the Secured Parties (the "Security Agent").

          

    

    

    BACKGROUND

    

    

    	(A)	
            By the Facility Agreement, the Lenders agreed to make available to the Borrower a facility of up to $20,890,000.

          

    

    

    	(B)	
            We have been advised that there was an Event of Default under each of the Junior Agreements (the "Junior Default"). Pursuant to clause 27.19 (j) of the Facility Agreement the Junior Default
              constitutes an Event of Default under the Facility Agreement (the "Existing Default").

          

    

    

    	(C)	
            By a supplemental agreement dated 12 January 2021 relating to the Intercreditor Agreement, the Shareholder has requested and the Lenders have given their consent to, inter alia, amend certain provisions of each Junior Agreement.

          

    

    

    	(D)	
            The Borrower has already drawn down the following Advances:

          

    

    

    	

          	(i)	
            an Advance under Tranche A in the amount of $16,390,000;

          

    

    

    	

          	(ii)	
            an Advance under Tranche B in the amount of $2,250,000; and

          

    

    

    	

          	(iii)	
            an Advance under Tranche C in the amount of $2,250,000,

          

    

    

    of which $17,446,818 is outstanding as at the date of this Agreement.

    

    

    	(E)	
            The Obligors have requested that the Lenders and the other Finance Parties give their consent to:

          

    

    

    	

          	(i)	
            amend:

          

    

    

    	

          	(A)	
            the financial covenants of the Corporate Guarantor under paragraphs (b) and (c) of clause 20.2 (Other financial covenants) of the Facility Agreement; and

          

    
      
        

    

    
    	

          	(B)	
            the security cover provisions in clause 24.1 (Minimum required security cover) of the Facility Agreement; and

          

    

    

    	

          	(ii)	
            waive the Existing Default.

          

    

    

    together, the "Request".

    

    

    	(F)	
            The Lenders and the other Finance Parties agree to the Request subject to, inter alia, the following conditions:

          

    

    

    	

          	(i)	
            prepayment of the Repayment Instalment of each of Tranche A, Tranche B and Tranche C falling due on 27 May 2021 on the date of this Agreement;

          

    

    

    	

          	(ii)	
            payment of an amendment fee in an amount of US$22,410 on the date of this Agreement; and

          

    

    

    	

          	(iii)	
            payment of $17,500 (representing 50 per cent. of the amount of the transfer to the DD Reserve Account which is scheduled to take place on -the next Repayment Date) on the date of this Agreement.

          

    

    

    	(G)	
            This Agreement sets out the terms and conditions on which the Lenders and the other Finance Parties agree, with effect on and from the Effective Date, to the Request and to the consequential amendments to the Facility Agreement and the
              other Finance Documents.

          

    

    

    OPERATIVE PROVISIONS

    

    

    	1	
            DEFINITIONS AND INTERPRETATION

          

    

    

    	1.1	
            Definitions

          

    

    

    In this Agreement:

    

    

    "Effective Date" means the date on which the conditions precedent in Clause 3 (Conditions Precedent) are satisfied.

    

    

    "Facility Agreement" means the facility agreement dated 13 February 2019 (as amended and/or supplemented by a first
      supplemental agreement dated 13 June 2019 and as further amended and/or supplemented by a supplemental letter dated 21 August 2019) and made between (i) the Borrower as borrower, (ii) the Corporate Guarantor as corporate guarantor, (iii) the Arranger
      as arranger, (iv) the Original Lenders as lenders, (v) the Facility Agent as facility agent and (vi) the Security Agent as security agent.

    

    

    "Mortgage Addendum" means the first mortgage addendum to the Mortgage executed or to be executed by the Borrower and the Security Agent, in the agreed form.

    

    

    "Party" means a party to this Agreement.

    
      2

      
        

    

    	1.2	
            Defined expressions

          

    

    

    Defined expressions in the Facility Agreement and the other Finance Documents shall have the same meanings when used in this Agreement unless the context otherwise requires or unless otherwise
      defined in this Agreement.

    

    

    	1.3	
            Application of construction and interpretation provisions of Facility Agreement

          

    

    

    Clause 1.2 (construction) of the Facility Agreement applies to this Agreement as if it were expressly incorporated in it with any necessary modifications.

    

    

    	1.4	
            Agreed forms of new, and supplements to, Finance Documents

          

    

    

    References in Clause 1.1 (Definitions) to any new or supplement to a Finance Document being in "agreed form" are to that Finance Document:

    

    

    	(a)	
            in a form attached to a certificate dated the same date as this Agreement (and signed by the Borrower and the Facility Agent); or

          

    

    

    	(b)	
            in any other form agreed in writing between the Borrower and the Facility Agent acting with the authorisation of the Majority Lenders or, where clause 42.2 (All Lenders matters) of the Facility
              Agreement applies, all the Lenders.

          

    

    

    	1.5	
            Designation as a Finance Document

          

    

    

    The Borrower and the Finance Parties designate this Agreement as a Finance Document.

    

    

    	1.6	
            Third party rights

          

    

    

    Unless provided to the contrary in a Finance Document, a person who is not a Party has no right under the Third Parties Act to enforce or to enjoy the benefit of any term of this Agreement.

    

    

    	2	
            AGREEMENT OF THE FINANCE PARTIES

          

    

    

    	2.1	
            Agreement of the Lenders

          

    

    

    The Lenders agree, subject to and upon the terms and conditions of this Agreement, to:

    

    

    	(a)	
            the Request; and

          

    

    

    	(b)	
            the consequential amendments to the Facility Agreement and the other Finance Documents.

          

    

    

    	2.2	
            Agreement of the Finance Parties

          

    

    

    The Finance Parties agree, subject to and upon the terms and conditions of this Agreement, to the Request and to the consequential amendment of the Facility Agreement and the other Finance
      Documents in connection with the matters referred to in Clause 2.1 (Agreement of the Lenders).

    
      3

      
        

    

    	2.3	
            Effective Date

          

    

    

    The agreement of the Lenders and the other Finance Parties contained in Clause 2.1 (Agreement of the Lenders) and Clause 2.2 (Agreement of the Finance Parties) shall have effect on and from the Effective Date.

    

    

    	3	
            CONDITIONS PRECEDENT

          

    

    

    The agreement of the Lenders and the other Finance Parties contained in Clause 2.1 (Agreement of the Lenders) and Clause 2.2 (Agreement of the Finance Parties) is subject to:

    

    

    	(a)	
            no Default (other than the Existing Default) is continuing on the date of this Agreement and the Effective Date or resulting from the occurrence of the Effective Date;

          

    

    

    	(b)	
            the Repeating Representations to be made by each Obligor being true on the date of this Agreement and the Effective Date; and

          

    

    

    	(c)	
            the Facility Agent having received all of the documents and other evidence listed in Schedule 2 (Conditions Precedent) in form and substance satisfactory to the Facility Agent on or before the
              Effective Date or such later date as the Facility Agent may agree with the Borrower.

          

    

    

    	4	
            REPRESENTATIONS

          

    

    

    	4.1	
            Facility Agreement representations

          

    

    

    Each Obligor that is a party to the Facility Agreement makes the representations and warranties set out in clause 18 (representations) of the Facility
      Agreement, as amended and supplemented by this Agreement and updated with appropriate modifications to refer to this Agreement and where appropriate the Mortgage Addendum, by reference to the circumstances then existing on the date of this Agreement
      and on the Effective Date.

    

    

    	4.2	
            Finance Document representations

          

    

    

    Each Obligor makes the representations and warranties set out in the Finance Documents (other than the Facility Agreement) to which it is a party, as amended and supplemented by this Agreement and
      updated with appropriate modifications to refer to this Agreement and where appropriate the Mortgage Addendum, by reference to the circumstances then existing on the date of this Agreement and on the Effective Date.

    

    

    	5	
            AMENDMENTS TO FACILITY AGREEMENT AND OTHER FINANCE DOCUMENTS

          

    

    

    	5.1	
            Specific amendments to the Facility Agreement

          

    

    

    With effect on and from the Effective Date, the Facility Agreement shall be, and shall be deemed by this Agreement to have been, amended as follows:

    

    

    	(a)	
            by deleting the definitions of "Intercreditor Agreement" and "Junior Agreement" in clause 1.1 thereof in its entirety and replacing it with the following:

          

    

    

    ""Intercreditor Agreement" means the intercreditor agreement dated 15 February 2019 and entered into between, inter alia, the Borrower, the Corporate
      Guarantor, the Shareholder, the Lenders, the Facility Agent and the Security Agent as amended by a supplemental agreement dated 12 January 2021 and as the same has been and may further be amended from time to time.

    
      4

      
        

    

    "Junior Agreement" means each of:

    

    

    	

          	(a)	
            the loan agreement dated 24 May 2017 (as amended and supplemented by a supplemental letter dated 22 June 2017, a second supplemental letter dated 22 August 2017 and as amended and restated by a deed of amendment and restatement dated 27
              September 2017, as amended and supplemented by a supplemental agreement dated 13 February 2019, as further amended by a supplemental letter dated 29 May 2019 and as further amended by an omnibus supplemental agreement dated 31 December 2020
              and as amended from time to time) and made between the Corporate Guarantor as borrower and the Shareholder as lender;

          

    

    

    	

          	(b)	
            the loan agreement dated 4 October 2016 (as amended on 17 November 2016, as amended and restated by a deed of amendment and restatement dated 28 November 2016, as amended and supplemented by a supplemental agreement dated 13 June 2018, as
              further amended and restated by a second deed of amendment and restatement 13 February 2019, as further amended and supplemented by a supplemental letter dated 29 May 2019 and as further amended by an omnibus supplemental agreement dated 31
              December 2020 and as amended from time to time) and made between the Corporate Guarantor as borrower and the Shareholder as lender; and

          

    

    

    	

          	(c)	
            the convertible promissory note dated 27 September 2017 (as amended by an amendment dated 13 February 2019, as further amended by a second amendment dated 29 May 2019 and as further amended by an omnibus supplemental note agreement dated
              31 December 2020 and as from time to time further amended and restated) issued by the Corporate Guarantor as maker to the Shareholder as holder,

          

    

    

    and, in the plural, means all of them. ";

    

    

    	(b)	
            by adding in the end of paragraph (b) of the definition of the "Junior Finance Documents" in clause 1.1 thereof the following wording:

          

    

    

    " as from time to time, further amended and supplemented by an addendum thereto.; "

    

    

    	(c)	
            by deleting paragraph (c) of clause 20.2 thereof in its entirety and replacing it with the following new paragraph (c):

          

    

    

    	

          	 " (c)	
            the Leverage Ratio does not exceed:

          

    

    

    	

          	(i)	
            from the date of this Agreement until 31 March 2020 (inclusive), 85 per cent.; and

          

    

    

    	

          	(ii)	
            from 30 June 2020 and for the remainder of the Security Period, 85 per cent.";

          

    

    

    	(d)	
            by adding a new paragraph (b) in clause 20.3 thereof as follows:

          

    

    

    	

          	"(b)	
            The Facility Agent has agreed to waive the Corporate Guarantor's compliance with the financial covenant contained in paragraph (b) of Clause 20.2 above from 30 June 2020 and for the remainder of the Security Period.";

          

    
      5

      
        

    

    	(e)	
            by deleting clause 24.1 thereof in its entirety and replacing it with the following new clause:

          

    

    

    	

          	"24.1	
            Minimum required security cover

          

    

    

    	

          	(a)	
            Clause 24.2 (Provision of additional security; prepayment) applies if on or after the first Utilisation Date, the Facility Agent notifies the Borrower that:

          

    

    

    (i)   the Market Value of the Ship; plus

    

    

    (ii) the net realisable value of additional Security previously provided under this Clause 24 (Security Cover) (up to and including
      31 December 2021, any amount remaining blocked under the DD Reserve Account from time to time in accordance with Clause 25.4 (Transfers to the DD Reserve Account)),

    

    

    (b)          is below:

    

    

    (i)   during the period commencing on the first Utilisation Date and ending on 30 June 2021 (inclusive), 140 per cent. of the Loan;

    

    

    (ii) during the period commencing on 1 July 2021 and ending on 31 December 2021 (inclusive), 145 per cent. of the Loan; and

    

    

    (iii) at all times thereafter, 150 per cent. of the Loan.";

    

    

    	(f)	
            by deleting the column named "Address for Communication" in Parts B and C of Schedule 1 thereof in their entirety and replacing them with the following new column:

          

    

    

    	 	
            "-Address:

          
	 	 	 
	 	
            World Trade Center

          
	 	
            Tower I, Level 6

          
	 	
            Strawinskylaan 1939

          
	 	
            1077 XX, Amsterdam

          
	 	
            The Netherlands

          
	 	 	 
	 	
            Attention:Iraklis Tsirigotis/Mingli Zhu

          
	 	 	 
	 	
            Email:

          
	 	
            To: I.Tsirigotis@atbank.nl/

          
	 	
               m.zhu@atbank.nl

          
	 	 	 
	 	
            Cc: shipping.finance@atbank.nl

          
	 	 	 
	 	
            Telephone No.:

          	
            +31 (0) 205 209 277 /

          
	 	 	
            +31 (0) 205 209 404

          
	 	 	 
	 	
            Administrative Matters

          
	 	 	 
	 	
            Address:

          
	 	 	 
	 	
            World Trade Center

          
	 	
            Tower I, Level 6

          
	 	
            Strawinskylaan 1939

          
	 	
            1077 XX, Amsterdam

          
	 	
            The Netherlands

          
	 	 	 
	 	
            Attention: Liujun Zhou

          
	 	
            Email:

          
	 	
            To: shipping.finance@atbank.nl

          
	 	 	 
	 	
            Telephone No.:

          	
            +31 (0) 205 209 277 /

          
	 	 	
            +31 (0) 205 209  404";

          

    

    

    
      6

      
        

    

    	(g)	
            by construing references throughout the Facility Agreement to "the Mortgage" as if the same referred to the Mortgage as amended and supplemented by the Mortgage Addendum;

          

    

    

    	(h)	
            the definition of, and references throughout to, each Finance Document shall be construed as if the same referred to that Finance Document as amended and supplemented by this Agreement; and

          

    

    

    	(i)	
            by construing references throughout to "this Agreement" and other like expressions as if the same referred to the Facility Agreement as amended and supplemented by this Agreement.

          

    

    

    	5.2	
            Amendments to Finance Documents

          

    

    

    With effect on and from the Effective Date, each of the Finance Documents other than the Facility Agreement and the Mortgage which is amended and supplemented by the Mortgage Addendum, shall be,
      and shall be deemed by this Agreement to have been, amended as follows:

    

    

    	(a)	
            the definition of, and references throughout each of the Finance Documents to, the Facility Agreement and any of the other Finance Documents shall be construed as if the same referred to the Facility Agreement and those Finance Documents
              as amended and supplemented by this Agreement;

          

    

    

    	(b)	
            by construing the definition of, and references throughout each of the Finance Documents to, the Mortgage as if the same referred to the Mortgage as amended and supplemented by the Mortgage Addendum; and

          

    

    

    	(c)	
            by construing references throughout each of the Finance Documents to "this Agreement", "this Deed" and other like expressions as if the same referred to such Finance Documents as amended and supplemented by this Agreement.

          

    

    

    	5.3	
            Finance Documents to remain in full force and effect

          

    

    

    The Finance Documents shall remain in full force and effect as amended and supplemented by:

    

    

    	(a)	
            the amendments to the Finance Documents contained or referred to in Clause 5.1 (Specific amendments to the Facility Agreement) and Clause 5.2 (Amendments to Finance
                Documents); and

          

    

    

    	(b)	
            such further or consequential modifications as may be necessary to give full effect to the terms of this Agreement.

          

    

    

    	5.4	
            Waiver

          

    

    

    The Finance Parties, following the waiver provided by the Shareholder in respect of the Junior Default, hereby, with effect on and from the Effective Date, consent to irrevocably waive the
      Existing Default for the remainder of the Security Period.

    
      7

      
        

    

    	6	
            FURTHER ASSURANCE

          

    

    

    Clause 21.21 (Further assurance) of the Facility Agreement applies to this Agreement as if it were expressly incorporated in it with any necessary
      modifications.

    

    

    	7	
            FEES, COSTS AND EXPENSES

          

    

    

    	(a)	
            The Borrower shall pay to the Facility Agent an amendment fee in an amount of US$22,410 on the date of this Agreement.

          

    

    

    	(b)	
            Clause 16.2 (Amendment costs) of the Facility Agreement, as amended and supplemented by this Agreement, applies to this Agreement as if it were expressly incorporated in it with any necessary
              modifications.

          

    

    

    	8	
            NOTICES

          

    

    

    Clause 36 (Notices) of the Facility Agreement, as amended and supplemented by this Agreement, applies to this Agreement as if it were expressly
      incorporated in it with any necessary modifications.

    

    

    	9	
            COUNTERPARTS

          

    

    

    This Agreement may be executed in any number of counterparts, and this has the same effect as if the signatures on the counterparts were on a single copy of this Agreement.

    

    

    	10	
            GOVERNING LAW

          

    

    

    This Agreement and any non-contractual obligations arising out of or in connection with it are governed by English law.

    

    

    	11	
            ENFORCEMENT

          

    

    

    	11.1	
            Jurisdiction

          

    

    

    	(a)	
            The courts of England have exclusive jurisdiction to settle any dispute arising out of or in connection with this Agreement (including a dispute regarding the existence, validity or termination of this Agreement or any non-contractual
              obligation arising out of or in connection with this Agreement) (a "Dispute").

          

    

    

    	(b)	
            The Obligors accept that the courts of England are the most appropriate and convenient courts to settle Disputes and accordingly no Obligor will argue to the contrary.

          

    

    

    	(c)	
            This Clause 11.1 (Jurisdiction) is for the benefit of the Secured Parties only.  As a result, no Secured Party shall be prevented from taking proceedings relating to a Dispute in any other courts with jurisdiction.  To the extent allowed
              by law, the Secured Parties may take concurrent proceedings in any number of jurisdictions.

          

    

    

    	11.2	
            Service of process

          

    

    

    	(a)	
            Without prejudice to any other mode of service allowed under any relevant law, each Obligor (other than an Obligor incorporated in England and Wales):

          

    

    

    	

          	(i)	
            irrevocably appoints Messrs E. J. C. Album Solicitors, presently of 47 Lyndale Avenue, London NW2 2QB, England (attention: Mr Edward Album, tel: +44 20 7794 6080) as its agent for service of process in relation to any proceedings before
              the English courts in connection with this Agreement; and

          

    
      8

      
        

    

    	

          	(ii)	
            agrees that failure by a process agent to notify the relevant Obligor of the process will not invalidate the proceedings concerned.

          

    

    

    	(b)	
            If any person appointed as an agent for service of process is unable for any reason to act as agent for service of process, the Borrower (on behalf of all the Obligors) must immediately (and in any event within 5 days of such event taking
              place) appoint another agent on terms acceptable to the Facility Agent.  Failing this, the Facility Agent may appoint another agent for this purpose.

          

    

    

    This Agreement has been entered into on the date stated at the beginning of this Agreement.

    

    

    
      9

      
        

    

    SCHEDULE 1

    

    THE LENDERS

     

    

    	
            Name of Original Lender Commitment

          	
            Address for Communication

          	
            Commitment

          
	 	 	 
	
            Amsterdam Trade Bank N.V.

          	
            Non-Administrative Matters

          	
            $20,890,000

          
	 	 	 
	 	
            Address:

          	 
	 	 	 	 
	 	
            World Trade Center

          	 
	 	
            Tower I, Level 6

          	 
	 	
            Strawinskylaan 1939

          	 
	 	
            1077 XX, Amsterdam

          	 
	 	
            The Netherlands

          	 
	 	 	 	 
	 	
            Attention:Iraklis Tsirigotis/Mingli Zhu

          	 
	 	 	 	 
	 	
            Email:

          	 
	 	
            To: I.Tsirigotis@atbank.nl/

          	 
	 	
               m.zhu@atbank.nl

          	 
	 	 	 	 
	 	
            Cc: shipping.finance@atbank.nl

          	 
	 	 	 	 
	 	
            Telephone No.:

          	
            +31 (0) 205 209 277 /

          	 
	 	 	
            +31 (0) 205 209 404

          	 
	 	 	 	 
	 	
            Administrative Matters

          	 
	 	 	 	 
	 	
            Address:

          	 
	 	 	 	 
	 	
            World Trade Center

          	 
	 	
            Tower I, Level 6

          	 
	 	
            Strawinskylaan 1939

          	 
	 	
            1077 XX, Amsterdam

          	 
	 	
            The Netherlands

          	 
	 	 	 	 
	 	
            Attention: Liujun Zhou

          	 
	 	
            Email:

          	 
	 	
            To: shipping.finance@atbank.nl

          	 
	 	 	 	 
	 	
            Telephone No.:

          	
            +31 (0) 205 209 277 /

          	 
	 	 	
            +31 (0) 205 209  404

          	 

    

    

    
      10

      
        

    

    SCHEDULE 2

     

    

    CONDITIONS PRECEDENT

    

    

    	1	
            Obligors

          

    

    

    Documents of the kind specified in Schedule 2 Part A paragraphs 1.1, 1.2 and 1.3 of the Facility Agreement.

    

    

    	2	
            Documents

          

    

    

    	2.1	
            A duly executed original of this Agreement by the Parties to it.

          

    

    

    	2.2	
            A duly executed original of the Mortgage Addendum together with documentary evidence that the Mortgage Addendum has been duly registered in accordance with the laws of the jurisdiction of the relevant Approved Flag.

          

    

    

    	3	
            Legal opinion

          

    

    

    	3.1	
            A legal opinion of Watson, Farley & Williams, legal advisers to the Facility Agent and the Security Agent in England, substantially in the form distributed to the Lenders before signing this Agreement.

          

    

    

    	3.2	
            If an Obligor is incorporated in a jurisdiction other than England and Wales, a legal opinion of the legal advisers to the Facility Agent and the Security Agent in the relevant jurisdiction, substantially in the form distributed to the
              Lenders before signing this Agreement.

          

    

    

    	4	
            Other documents and evidence

          

    

    

    	4.1	
            A copy of any other Authorisation or other document, opinion or assurance which the Facility Agent considers to be necessary or desirable (if it has notified the Borrower accordingly) in connection with the entry into and performance of
              the transactions contemplated by this Agreement and the Mortgage Addendum or for the validity and enforceability of any Finance Document as amended and supplemented by this Agreement.

          

    

    

    	4.2	
            Evidence satisfactory to the Facility Agent that the Repayment Instalment of each of Tranche A, Tranche B and Tranche C falling due on 27 May 2021 has been paid.

          

    

    

    	4.3	
            Evidence satisfactory to the Facility Agent that the payment of $17,500 (representing 50 per cent. of the amount of the transfer to the DD Reserve Account which is scheduled to take place on the next Repayment Date) has been paid.

          

    

    

    	4.4	
            Evidence satisfactory to the Facility Agent that the fees, costs and expenses then due from the Borrower pursuant to Clause 7 (Fees, Costs and Expenses) have
              been paid.

          

    
      11

      
        

    

    EXECUTION PAGES

     

    

    BORROWER

    

    

    	
            SIGNED by     Stavros Gyftakis

          	 	 
	 	
            )

          	 
	
            duly authorised attorney-in-fact

          	
            )

          	
            /s/ Stavros Gyftakis

          
	
            for and on behalf of

          	
            )

          	 
	
            PARTNER SHIPPING CO. LIMITED

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          
	 	 	 
	
            CORPORATE GUARANTOR

          	 	 
	 	 	 
	
            SIGNED by    Stavros Gyftakis

          	 	 
	 	
            )

          	 
	
            duly authorised attorney-in-fact

          	
            )

          	
            /s/ Stavros Gyftakis

          
	
            for and on behalf of

          	
            )

          	 
	
            SEANERGY MARITIME HOLDINGS CORP.

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          
	 	 	 
	
            ORIGINAL LENDERS

          	 	 
	 	 	 
	
            SIGNED by    Kelina Kantzou

          	 	 
	 	
            )

          	 
	
            duly authorised

          	
            )

          	
            /s/ Kelina Kantzou

          
	
            for and on behalf of

          	
            )

          	 
	
            AMSTERDAM TRADE BANK N.V.

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          

    
      12

      
        

    

    ARRANGER

    

    

    	
            SIGNED by    Kelina Kantzou

          	 	 
	 	
            )

          	 
	
            duly authorised

          	
            )

          	
            /s/ Kelina Kantzou

          
	
            for and on behalf of

          	
            )

          	 
	
            AMSTERDAM TRADE BANK N.V.

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          
	 	 	 
	
            FACILITY AGENT

          	 	 
	 	 	 
	
            SIGNED by    Kelina Kantzou

          	 	 
	 	
            )

          	 
	
            duly authorised

          	
            )

          	
            /s/ Kelina Kantzou

          
	
            for and on behalf of

          	
            )

          	 
	
            AMSTERDAM TRADE BANK N.V.

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          
	 	 	 
	
            SECURITY AGENT

          	 	 
	 	 	 
	
            SIGNED by    Kelina Kantzou

          	 	 
	 	
            )

          	 
	
            duly authorised

          	
            )

          	
            /s/ Kelina Kantzou

          
	
            for and on behalf of

          	
            )

          	 
	
            AMSTERDAM TRADE BANK N.V.

          	
            )

          	 
	
            in the presence of:

          	
            )

          	 
	
            Witness' signature:

          	
            )

          	
            /s/ Eliza Makri

          
	
            Witness' name:

          	
            )

          	
            Eliza Makri

          
	
            Witness' address:

          	
            )

          	
            348 Leoforos

          
	 	 	
            Siggrou, Kalithea

          
	 	 	
            17674, Athens

          

    

  

  13Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

 

 

AUDDIA INC.

 

and

 

VSTOCK TRANSFER LLC, as

Warrant Agent

 

 

 

 

Warrant Agency Agreement

 

Dated as of February 19, 2021

 

 

 

 

 

 

 

 

 

 

 

 

    	 	1	 

     

    

 

WARRANT AGENCY AGREEMENT

 

WARRANT AGENCY AGREEMENT,
dated as of February 19, 2021 (“Agreement”), between Auddia Inc., a corporation organized under the laws of
the State of Delaware (the “Company”), and VStock Transfer LLC (the “Warrant Agent”).

 

W I T N E S S E T H

 

WHEREAS, pursuant to
a registered offering by the Company of 3,991,818 Units (the “Offering”),
with each Unit consisting of one share of the Company’s common stock, par value $0.0001 per share (the “Common Stock”)
and one warrant (the “Warrants”) to purchase one share of Common Stock (the “Warrant Shares”)
at an exercise price of $4.5375 per Share (or 110% of the price of each share of common stock sold in the Offering); and

 

WHEREAS, the Company
granted an over-allotment option to purchase up to 15% of the aggregate number of Units 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 S-1, as amended
(File No. 333-235891) (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 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) 
“Exercise Price” means $4.5375 before adjustments, if any.

 

 

 

 

    	 	2	 

     

    

 

(e) 
“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.

 

(f)  
“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 Warrant”),
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 “Depositary”), or as otherwise directed by the Depositary.
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 Depositary or its nominee for each Global Warrant or (ii) institutions that have accounts with the
Depositary (such institution, with respect to a Warrant in its account, a “Participant”).

 

(b) 
If the Depositary 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 Depositary 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 Company and the Warrant Agent for the exchange
of some or all of such Holder’s interest in the Global Warrant for a separate certificate 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 surrender by the Holder to the Warrant Agent of its beneficial interest in a number of Global Warrants
for the same number of Warrants evidenced by a Warrant Certificate, a “Warrant Exchange”), the Warrant Agent,
as agent of the Definitive Certificates, shall promptly effect the Warrant Exchange and the Warrant Agent 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 electronically executed
by an authorized signatory of the Company, shall be 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 Warrant Agent agrees 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”). If the Warrant Agent fails for
any reason to deliver to the Holder the Definitive Certificate subject to the Warrant Certificate Request Notice by the Warrant
Certificate Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each
$1,000 of Warrant Shares evidenced by such Definitive Certificate (based on the VWAP (as defined in the Warrants) of the Common
Stock on the Warrant Certificate Request Notice Date), $10 per Business Day for each Business Day after such Warrant Certificate
Delivery Date until such Definitive Certificate is delivered or, prior to delivery of such Warrant Certificate, the Holder rescinds
such Warrant Exchange. The Warrant Agent 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.

 

 

 

    	 	3	 

     

    

 

(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 and the Warrant Agent 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 Depositary 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 Depositary, 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 Depositary’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”). If the Company fails for any reason to deliver to
the Holder Global Warrants subject to the Global Warrants Request Notice by the Global Warrants Delivery Date, the Company shall
pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares evidenced by such Global
Warrants (based on the VWAP (as defined in the Warrants) of the Common Stock on the Global Warrants Request Notice Date), $10 per
Business Day for each Business Day after such Global Warrants Delivery Date until such Global Warrants are delivered or, prior
to delivery of such Global Warrants, the Holder rescinds such Global Warrants Exchange. 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 in the form of Exhibit 1
hereto.

 

Section 5. Registration.
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 Global Warrants issued hereunder. Such books shall show the names and addresses of the respective Holders of
the Global Warrant, the number of warrants evidenced on the face of each of such Global Warrant and the date of each of such Global
Warrant.

 

The Warrant Agent will
keep or cause to be kept at one of its offices, books for the registration and transfer of any Definitive Certificates issued hereunder
and the Warrant Agent, as agent of the Definitive Certificates, shall not have any obligation to keep books and records with respect
to any Definitive Certificate. Such books shall show the names and addresses of the respective Holders of the Definitive Certificates,
the number of warrants evidenced on the face of each such Definitive Certificate and the date of each such Definitive Certificate.

 

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 Global Warrant or Global
Warrants may be transferred, split up, combined or exchanged for another Global Warrant or Global Warrants, entitling the
Holder to purchase a like number of shares of Common Stock as the Global Warrant or Global Warrants surrendered then entitled
such Holder to purchase. Any Holder desiring to transfer, split up, combine or exchange any Global Warrant shall make such
request in writing delivered to the Warrant Agent, and shall surrender the Global Warrant to be transferred, split up,
combined or exchanged at the principal office of the Warrant Agent. 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 Global Warrant or Global Warrants, 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 Global Warrants. 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.

 

 

 

 

    	 	4	 

     

    

 

Upon receipt by the
Warrant Agent of evidence reasonably satisfactory to it of the loss, theft, destruction or mutilation of a Definitive 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, with respect to any Definitive
Certificates, shall not include the posting of any bond by the Holder unless required by the Warrant Agent), and satisfaction of
any other reasonable requirements established by Section 8-405 of the Uniform Commercial Code as in effect in the State of Delaware,
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 Initial Exercise 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, the Holder of a Warrant may
exercise the Warrant in whole or in part pursuant to the procedures set forth in Section 2 of the Warrant Certificate. Subject
on Section 7(b) below, payment of the Exercise Price 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 Company at the principal office of the Company 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 Depositary (or another established clearing corporation performing similar functions), shall effect exercises
by delivering to the Depositary (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 Depositary (or such other clearing corporation, as applicable).
Delivery of the Warrant Shares shall be made by the Warrant Share Delivery Date. 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 Depositary (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 at a time when Cashless Exercise is available under the Warrants,
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 Definitive Certificate pursuant to the terms of Section 2 of the Definitive Certificate, the Warrant
Agent shall cause the Warrant Shares underlying such Definitive Certificate to be delivered to or upon the order of the Holder
of such Definitive Certificate, 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 Definitive Certificate). If the Company is then a participant in the DWAC system
of the Depositary 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 Depositary 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 Definitive 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 Definitive Certificates. All Definitive 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 Definitive
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
Definitive Certificate purchased or acquired by the Company otherwise than upon the exercise thereof, subject to any applicable
law, rule or regulation requiring the Warrant Agent to retain such canceled certificates. Notwithstanding the foregoing, the Warrant
Agent may process any and all cancellations in accordance with its internal policies and procedures.

 

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) one hundred million (100,000,000) shares
of common stock, of which approximately 7,265,815 shares of Common Stock are issued and outstanding, and ___ shares of Common
Stock are reserved for issuance upon exercise of the Warrants, and (ii) ten million (10,000,000) shares of preferred stock, par
value $0.001 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 reserve for the shares of common stock 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 by the Warrant Agent (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 to the Warrant Agent (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 Warrant Agent 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 Warrant Agent 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 Exhibit 4 hereto 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
finally adjudicated to have been directly caused 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, finally adjudicated to have
been directly caused by 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.

 

 

 

 

    	 	8	 

     

    

 

		(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.

 

		(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.

 

 

 

 

    	 	9	 

     

    

 

(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.

 

(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.

 

 

 

    	 	10	 

     

    

 

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.

 

Section 18. Issuance
of New Definitive Certificates. Notwithstanding any of the provisions of this Agreement or of the Warrants to the contrary,
the Warrant Agent may, at its option, issue new Definitive Certificates evidencing Warrants in such form as may be approved by
the Company’s 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 Definitive 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 time 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 time 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:
	 	 	Auddia Inc.
	 	 	5755 Central Ave., Suite C
	 	 	Boulder, Colorado 80301
	 	 	Attention: Michael Lawless
	 	 	 
	 	(b)	 If to the Warrant Agent, to:
	 	 	VStock Transfer LLC
	 	 	18 Lafayette Place
	 	 	Woodmere, NY 11598

 

 

 

 

    	 	11	 

     

    

 

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 Warrant
Agent. 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 Depositary (or its designee) pursuant to the procedures
of the Depositary 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.

 

(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 thereunder, 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; provided further, however, that no amendment hereunder shall affect any terms of any
Warrant Certificate issued in a Warrant Exchange. 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. Notwithstanding
anything to the contrary contained herein, to the extent any provision of a Warrant Certificate conflicts with any provision of
this Agreement, the provisions of the Warrant Certificate shall govern and be controlling.

 

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.

 

	 	AUDDIA INC. 
	 	 
	 	 	 
	 	By: 	/s/ Michael T. Lawless
	 	 	Name: Michael T. Lawless
	 	 	Title: CEO
	 	 	 
	 	 	 
	 	 	 
	 	VSTOCK TRANSFER LLC
	 	 	 
	 	 	 
	 	By:	/s/ Yoel
Goldfeder
	 	 	Name: Yoel
Goldfeder
	 	 	Title: CEO
	 	 	 

 

 

 

 

 

 

    	 	13	 

     

    

 

Exhibit 1

 

Form of Warrant Certificate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	14	 

     

    

 

COMMON STOCK PURCHASE WARRANT

 

AUDDIA INC.

 

	Warrant Shares:	Initial Exercise Date: February 19, 2021

 

THIS COMMON STOCK
PURCHASE WARRANT (the “Warrant”) certifies that, for value received,_______________or its assigns (the
“Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter
set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m.
(New York City time) on February 19, 2026 (the “Termination Date”) but not thereafter, to subscribe for and
purchase from Auddia Inc., a Delaware corporation (the “Company”), up to_________shares (as subject to
adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock
under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and
maintained in the form of a security held in book-entry form and the Depository Trust Company or its nominee (“DTC”)
shall initially be the sole registered holder of this Warrant, subject to a Holder’s right to elect to receive a Warrant
in certificated form pursuant to the terms of the Warrant Agency Agreement, in which case this sentence shall not apply.

 

Section 1.Definitions. In addition
to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the
Common Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the
nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg
L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is
not a Trading Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on
OTCQB or OTCQX as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if
prices for the Common Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its
functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d) in all other
cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith by
the Holders of a majority in interest of the Warrants then outstanding and reasonably acceptable to the Company, the fees and
expenses of which shall be paid by the Company.

 

“Board of Directors”
means the board of directors of the Company.

 

“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 banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

“Commission” means the United States
Securities and Exchange Commission.

 

“Common Stock”
means the common stock of the Company, par value $0.001 per share, and any other class of securities into which such securities
may hereafter be reclassified or changed.

 

“Common Stock
Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

 

 

 

    	 	15	 

     

    

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Registration
Statement” means the Company’s registration statement on Form S=1 (File No. 333-249136).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company
formed or acquired after the date hereof.

 

“Trading Day”
means a day on which the Common Stock is traded on a Trading Market.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market
or the New York Stock Exchange (or any successors to any of the foregoing).

 

“Transfer
Agent” means VStock Transfer LLC, the current transfer agent of the Company, with a mailing address of 18 Lafayette Place
Woodmere, NY 11598, and any successor transfer agent of the Company.

 

“Underwriting
Agreement” means the underwriting agreement, dated as of February 16, 2021, between the Company and Maxim Group LLC as
representative of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its
terms.

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding
date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the
volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then
reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants
then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

“Warrant Agency
Agreement” means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company
and the Warrant Agent.

 

“Warrant Agent”
means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants”
means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

 

 

 

 

    	 	16	 

     

    

 

Section 2.Exercise.

 

a)                 
Exercise of Warrant.
Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times on or after
the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile copy or
PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice
of Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard
Settlement Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver
the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s
check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the
applicable Notice of Exercise. 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. Notwithstanding anything herein to the contrary, the
Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant
Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant
to the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to
the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal
to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of
Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within
one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and
agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder,
the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face
hereof.

 

Notwithstanding the foregoing in this Section
2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this Warrant held in book-entry
form through DTC (or another established clearing corporation performing similar functions), shall effect exercises made pursuant
to this Section 2(a) by delivering to 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 DTC (or such other clearing corporation, as
applicable), subject to a Holder’s right to elect to receive a Definitive Warrant pursuant to the terms of the Warrant Agency
Agreement, in which case this sentence shall not apply.

 

b)                 
Exercise Price. The exercise price per share of Common Stock under this Warrant shall be $4.5375, subject to adjustment
hereunder (the “Exercise Price”).

 

c)                 
Cashless Exercise. If at the time of exercise hereof there is no effective registration statement registering, or
the prospectus contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also
be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled
to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A) = 	as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice
of Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both
executed and delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours”
(as defined in Rule 600(b)(68) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the
option of the Holder, either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise
or (z) the Bid Price of the Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s
execution of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours”
on a Trading Day and is delivered within two (2) hours thereafter (including until two (2) hours after the close of “regular
trading hours” on a Trading Day) pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice
of Exercise if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is both executed and delivered
pursuant to Section 2(a) hereof after the close of “regular trading hours” on such Trading Day;

 

 

 

 

    	 	17	 

     

    

 

	 	(B) =	the Exercise Price of this Warrant,
as adjusted hereunder; and
	 	 	 
	 	(X) =	
the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
if such exercise were by means of a cash exercise rather than a cashless exercise.

 

If Warrant Shares are
issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the Securities
Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees not to
take any position contrary to this Section 2(c).

 

Notwithstanding anything
herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant to
this Section 2(c).

 

d)                 
Mechanics
of Exercise.

 

	 	i.	Delivery of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted
by the Transfer Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with
The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company
is then a participant in such system 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) this Warrant is being exercised via cashless exercise, and
otherwise by physical delivery of a certificate, registered in the Company’s share register in the name of the Holder or
its designee, for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified
by the Holder in the Notice of Exercise by the date that is the earliest of (i) two (2) Trading Days after the delivery to the
Company of the Notice of Exercise, (ii) one (1) Trading Day after delivery of the aggregate Exercise Price to the Company and
(iii) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company of the Notice of
Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice of Exercise, the
Holder shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which
this Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment of the aggregate
Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and (ii)
the number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the Company
fails for any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share Delivery
Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares
subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading
Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading
Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise. The Company
agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding and exercisable.
As used herein, “Standard Settlement Period” means the standard settlement period, expressed in a number of
Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the date of delivery
of the Notice of Exercise.
	 	 	 
	 	ii.	Delivery of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate,
at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase
the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this
Warrant.
	 	 	 
	 	iii.	Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares
pursuant to Section 2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

 

 

 

    	 	18	 

     

    

 

	 	iv.

	Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights
available to the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance
with the provisions of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after
such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s
brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares
which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash
to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any)
for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that
the Company was required to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell
order giving rise to such purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion
of the Warrant and equivalent number of Warrant Shares for which such exercise was not honored (in which case such exercise shall
be deemed rescinded) or deliver to the Holder the number of shares of Common Stock that would have been issued had the Company
timely complied with its exercise and delivery obligations hereunder. For example, if the Holder purchases Common Stock having
a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate
sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company
shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable
to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall
limit a Holder’s right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation,
a decree of specific performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares
of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.
	 	 	 
	 	v.	No Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.
	 	 	 
	 	vi.	Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer
tax or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid
by the Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed
by the Holder; provided, however, that, in the event that Warrant Shares are to be issued in a name other than the
name of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly
executed by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for
any transfer tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice
of Exercise and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions)
required for same-day electronic delivery of the Warrant Shares.
	 	 	 
	 	vii.	 Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this
Warrant, pursuant to the terms hereof.

 

 

 

 

    	 	19	 

     

    

 

e)                 
Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and
a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent
that after giving effect to such issuance after exercise as set forth on the applicable Notice of Exercise, the Holder
(together with the Holder’s Affiliates, and any other Persons acting as a group together with the Holder or any of the
Holder’s Affiliates (such Persons, “Attribution Parties”)), would beneficially own in excess of the
Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of shares of Common
Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number of shares of
Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude
the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this
Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of
the unexercised or nonconverted portion of any other securities of the Company (including, without limitation, any other
Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein
beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding
sentence, for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the
Exchange Act and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is
not representing to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder
is solely responsible for any schedules required to be filed in accordance therewith. To the extent that the limitation
contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to other
securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is
exercisable shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be
the Holder’s determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder
together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable, in each case
subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the accuracy of
such determination. In addition, a determination as to any group status as contemplated above shall be determined in
accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this
Section 2(e), in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding
shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed with the
Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by
the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral
request of a Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder the number of
shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined
after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its
Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance
of any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the
issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may
increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial
Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after
giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions
of this Section 2(e) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until
the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed
and implemented in a manner otherwise than in strict conformity with the terms of this Section 2(e) to correct this paragraph
(or any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein
contained or to make changes or supplements necessary or desirable to properly give effect to such limitation. The
limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

 

 

 

 

    	 	20	 

     

    

 

Section 3.Certain Adjustments.

 

a)                 
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or
otherwise makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities
payable in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company
upon exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines
(including by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by
reclassification of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price
shall be multiplied by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares,
if any) outstanding immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding
immediately after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted
such that the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a)
shall become effective immediately after the record date for the determination of stockholders entitled to receive such dividend
or distribution and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b)                 
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company
grants, issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata
to the record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be
entitled to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have
acquired if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without
regard to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before
the date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the
date as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase
Rights (provided, however, that, to the extent that the Holder’s right to participate in any such Purchase Right would result
in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase
Right to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent)
and such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto
would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

c)                 
Pro Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any
dividend or other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of
return of capital or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or
options by way of a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction)
(a “Distribution”), at any time after the issuance of this Warrant, then, in each such case, the Holder shall
be entitled to participate in such Distribution to the same extent that the Holder would have participated therein if the Holder
had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations
on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date of which a record
is taken for such Distribution, or, if no such record is taken, the date as of which the record holders of shares of Common Stock
are to be determined for the participation in such Distribution (provided, however, that, to the extent that the
Holder's right to participate in any such Distribution would result in the Holder exceeding the Beneficial Ownership Limitation,
then the Holder shall not be entitled to participate in such Distribution to such extent (or in the beneficial ownership of any
shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution shall be held in abeyance
for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial
Ownership Limitation). To the extent that this Warrant has not been partially or completely exercised at the time of such Distribution,
such portion of the Distribution shall be held in abeyance for the benefit of the Holder until the Holder has exercised this Warrant.

 

 

 

 

    	 	21	 

     

    

 

d)                 
Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly,
in one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company
(and all of its Subsidiaries, taken as a whole), directly or indirectly, effects any sale, lease, license, assignment, transfer,
conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions, (iii) any,
direct or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant
to which holders of Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property
and has been accepted by the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly,
in one or more related transactions effects any reclassification, reorganization or recapitalization of the Common Stock or any
compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities,
cash or property, or (v) the Company, directly or indirectly, in one or more related transactions consummates a stock or share
purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off,
merger or scheme of arrangement) with another Person or group of Persons whereby such other Person or group acquires more than
50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person or other Persons
making or party to, or associated or affiliated with the other Persons making or party to, such stock or share purchase agreement
or other business combination) (each a “Fundamental Transaction”), then, upon any subsequent exercise of this
Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon such exercise immediately
prior to the occurrence of such Fundamental Transaction, at the option of the Holder (without regard to any limitation in Section
2(e) on the exercise of this Warrant), the number of shares of Common Stock of the successor or acquiring corporation or of the
Company, if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant
is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise
of this Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to
apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common
Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in
a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common
Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such
Fundamental Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction, the Company or any
Successor Entity (as defined below) shall, at the Holder’s option, exercisable at any time concurrently with, or within
30 days after, the consummation of the Fundamental Transaction (or, if later, the date of the public announcement of the applicable
Fundamental Transaction), purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes
Value (as defined below) of the remaining unexercised portion of this Warrant on the date of the consummation of such Fundamental
Transaction; provided, however, that, if the Fundamental Transaction is not within
the Company's control, including not approved by the Company's Board of Directors, Holder shall only be entitled to receive from
the Company or any Successor Entity, as of the date of consummation of such Fundamental Transaction, the same type or form of
consideration (and in the same proportion), at the Black Scholes Value of the unexercised portion of this Warrant, that is being
offered and paid to the holders of Common Stock of the Company in connection with the Fundamental Transaction, whether that consideration
be in the form of cash, stock or any combination thereof, or whether the holders of Common Stock are given the choice to receive
from among alternative forms of consideration in connection with the Fundamental Transaction; provided, further,
that if holders of Common Stock of the Company are not offered or paid any consideration in such Fundamental Transaction, such
holders of Common Stock will be deemed to have received common stock of the Successor Entity (which Entity may be the Company
following such Fundamental Transaction) in such Fundamental Transaction. “Black Scholes Value” means
the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function on Bloomberg,
L.P. (“Bloomberg”) determined as of the day of consummation of the applicable Fundamental Transaction for pricing
purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to the time between
the date of the public announcement of the applicable contemplated Fundamental Transaction and the Termination Date, (B) an expected
volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg (determined utilizing
a 365 day annualization factor) as of the Trading Day immediately following the public announcement of the applicable contemplated
Fundamental Transaction, (C) the underlying price per share used in such calculation shall be the greater of (i) the sum of the
price per share being offered in cash, if any, plus the value of any non-cash consideration, if any, being offered in such Fundamental
Transaction and (ii) the highest VWAP during the period beginning on the Trading Day immediately preceding the public announcement
of the applicable contemplated Fundamental Transaction (or the consummation of the applicable Fundamental Transaction, if earlier)
and ending on the Trading Day of the Holder’s request pursuant to this Section 3(d) and (D) a remaining option time equal
to the time between the date of the public announcement of the applicable contemplated Fundamental Transaction and the Termination
Date. The payment of the Black Scholes Value will be made by wire transfer of immediately available funds or such other consideration
within five Business Days of the Holder’s election (or, if later, on the effective date of the Fundamental Transaction).
The Company shall cause any successor entity in a Fundamental Transaction in which the Company is
not the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under
this Warrant in accordance with the provisions of this Section 3(e) pursuant to written agreements in form and substance reasonably
satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall,
at the option of the Holder, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by
a written instrument substantially similar in form and substance to this Warrant which is exercisable for a corresponding number
of shares of capital stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable
and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such
Fundamental Transaction, and with an exercise price which applies the exercise price hereunder to such shares of capital stock
(but taking into account the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value
of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of protecting
the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction), and which is reasonably
satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity
shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this
Warrant referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and
power of the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such
Successor Entity had been named as the Company herein.

 

 

    	 	22	 

     

    

 

e)                 
Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a
share, as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding
as of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

f)                  
Notice to Holder.

 

i.            
Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3,
the Company shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment
and any resulting adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii.          
Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever
form) on the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common
Stock, (C) the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or
purchase any shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall
be required in connection with any reclassification of the Common Stock, any consolidation or merger to which the Company (and
all of its Subsidiaries, taken as a whole) is a party, any sale or transfer of all or substantially all of the assets of the Company,
or any compulsory share exchange whereby the Common Stock is converted into other securities, cash or property, or (E) the Company
shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each
case, the Company shall cause to be delivered by facsimile or email to the Holder at its last facsimile number or email address
as it shall appear upon the Warrant Register of the Company, at least 20 calendar days prior to the applicable record or effective
date hereinafter specified, a notice stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution,
redemption, rights or warrants, or if a record is not to be taken, the date as of which the holders of the Common Stock of record
to be entitled to such dividend, distributions, redemption, rights or warrants are to be determined or (y) the date on which such
reclassification, consolidation, merger, sale, transfer or share exchange is expected to become effective or close, and the date
as of which it is expected that holders of the Common Stock of record shall be entitled to exchange their shares of the Common
Stock for securities, cash or other property deliverable upon such reclassification, consolidation, merger, sale, transfer or
share exchange; provided that the failure to deliver such notice or any defect therein or in the delivery thereof shall not affect
the validity of the corporate action required to be specified in such notice. To the extent that any notice provided in this Warrant
constitutes, or contains, material, non-public information regarding the Company or any of the Subsidiaries, the Company shall
simultaneously file such notice with the Commission pursuant to a Current Report on Form 8-K. The Holder shall remain entitled
to exercise this Warrant during the period commencing on the date of such notice to the effective date of the event triggering
such notice except as may otherwise be expressly set forth herein.

 

g)                  
Voluntary Adjustment By Company. Subject
to the rules and regulations of the Trading Market, the Company may at any time during the term of this Warrant, subject to the
prior written consent of the Holder, reduce the then current Exercise Price to any amount and for any period of time deemed appropriate
by the board of directors of the Company.

 

Section 4.Transfer of Warrant.

 

a)                 
Transferability. This Warrant and all rights hereunder (including, without limitation, any registration rights) are
transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated agent,
together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its
agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue
to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company
unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company within
three (3) Trading Days of the date on which the Holder delivers an assignment form to the Company assigning this Warrant in full.
The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

 

 

 

    	 	23	 

     

    

 

b)                 
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid
office of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated
the initial issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable
pursuant thereto.

 

c)                  
Warrant
Register. The Warrant Agent shall register this Warrant, upon records to be maintained by the Warrant Agent for that purpose
(the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company and the Warrant
Agent may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof
or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

 

Section 5.Miscellaneous.

 

a)                 
No Rights as Stockholder Until Exercise; No Settlement in Cash. This Warrant does not entitle the Holder to any voting
rights, dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i),
except as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless
exercise” pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in
no event shall the Company be required to net cash settle an exercise of this Warrant.

 

b)                 
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence
reasonably satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to
the Warrant Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in
the case of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock
certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such
cancellation, in lieu of such Warrant or stock certificate.

 

c)                 
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of
any right required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised
on the next succeeding Business Day.

 

d)                 
Authorized Shares.

 

The Company
covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a
sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this
Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are
charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The
Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common
Stock may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights
represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant
Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens
and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously
with such issue).

 

 

 

 

    	 	24	 

     

    

 

Except and
to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting
the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable
therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant
and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory
body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

Before taking
any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.

 

e)                  
Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles
of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense
of the transactions contemplated by this Warrant (whether brought against a party hereto or their respective affiliates, directors,
officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts
sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal
courts sitting in the City of New York, Borough of Manhattan 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 improper or is an inconvenient venue for such proceeding. 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 via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under
this Warrant 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 other manner permitted by law. If either
party shall commence an action, suit or proceeding to enforce any provisions of this Warrant, the prevailing party in such action,
suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’ fees and other costs and expenses
incurred with the investigation, preparation and prosecution of such action or proceeding.

 

f)                  
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not
registered, and the Holder does not utilize cashless exercise, will have restrictions upon resale imposed by state and federal
securities laws.

 

g)                
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part
of Holder shall operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without
limiting any other provision of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this
Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient
to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings,
incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies
hereunder.

 

 

 

 

    	 	25	 

     

    

 

h)                
Notices. Any and all notices or other communications or deliveries to be provided by the Holders hereunder including,
without limitation, any Notice of Exercise, shall be in writing and delivered personally, by facsimile or e-mail, or sent by a
nationally recognized overnight courier service, addressed to the Company, at 5755 Central Avenue, Suite C, Boulder Colorado 80301
Attention: Michael Lawless, CEO, email address: mlawless@auddia.com, or such other facsimile
number, email address or address as the Company may specify for such purposes by notice to the Holders. Any and all notices or
other communications or deliveries to be provided by the Company hereunder shall be in writing and delivered personally, by facsimile
or e-mail, or sent by a nationally recognized overnight courier service addressed to each Holder at the facsimile number, e-mail
address or address of such Holder appearing on the books of the Company. Any notice or other communication or deliveries hereunder
shall be deemed given and effective on the earliest of (i) the time of transmission, if such notice or communication is delivered
via facsimile at the facsimile number or via e-mail at the email address set forth in this Section prior to 5:30 p.m. (New York
City time) on any date, (ii) the next Trading Day after the time of transmission, if such notice or communication is delivered
via facsimile at the facsimile number or via e-mail at the email address set forth in this Section on a day that is not a Trading
Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second Trading Day following the date of mailing,
if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice
is required to be given. To the extent that any notice provided hereunder constitutes, or contains, material, non-public information
regarding the Company or any Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant to a
Current Report on Form 8-K.

 

i)                  
Limitation of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise
this Warrant to purchase Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to
any liability of the Holder for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability
is asserted by the Company or by creditors of the Company.

 

j)                  
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of
damages, will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would
not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees
to waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

 

k)                 
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced
hereby shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors
and permitted assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time
of this Warrant and shall be enforceable by the Holder or holder of Warrant Shares.

 

l)                  
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the
Company, on the one hand, and the Holder or the beneficial owner of this Warrant, on the other hand.

 

m)               
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

n)                 
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose,
be deemed a part of this Warrant.

 

o)                 
Warrant Agency Agreement. If this Warrant is held in global form through DTC (or any successor depositary), this
Warrant is issued subject to the Warrant Agency Agreement. To the extent any provision of this Warrant conflicts with the express
provisions of the Warrant Agency Agreement, the provisions of this Warrant shall govern and be controlling.

 

********************

(Signature Page Follows)

 

 

    	 	26	 

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

	 	AUDDIA INC.
	 	 
	 	 
	 	By:	___________________________________
	 	 	Name:
	 	 	Title:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	27	 

     

    

 

NOTICE OF EXERCISE

 

TO:     AUDDIA INC.

 

(1)   The
undersigned hereby elects to purchase_____________ Warrant Shares of the Company pursuant to the terms of the attached
Warrant (only if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable
transfer taxes, if any.

 

(2)   Payment shall
take the form of (check applicable box):

 

	 	[ ] 	in lawful money of the United States; or
	 	 	 
	 	[ ] 	if permitted the cancellation
of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c), to exercise this
Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure set forth
in subsection 2(c).

 

(3)  
Please issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

____________________________

 

The Warrant Shares shall be delivered
to the following DWAC Account Number:

 

____________________________

 

____________________________

 

____________________________

 

[SIGNATURE OF HOLDER]

 

Name of Investing Entity:____________________________________________________________

Signature of Authorized Signatory of Investing Entity: _____________________________________

Name of Authorized Signatory:________________________________________________________

Title of Authorized Signatory:_________________________________________________________

Date: _____________________________

 

 

 

 

 

 

    	 	28	 

     

    

 

 

ASSIGNMENT FORM

 

(To assign the
foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR VALUE
RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 		 
	 	 	(Please Print)	 
	 	 	 	 
	Address:	 	 	 
	 	 	(Please Print)	 
	 	 	 	 
	Phone Number:	 	 	 
	 	 	 	 
	Email Address:	 	 	 
	 	 	 	 
	Dated:________________  __,_____	 	 
	 	 	 	 
	Holder’s Signature:	 	 	 
	 	 	 	 
	Holder’s Address:	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	29	 

     

    

 

Exhibit 2

Form of Warrant Certificate Request Notice

 

WARRANT CERTIFICATE REQUEST NOTICE

To: VStock Transfer LLC, as Warrant Agent for Auddia Inc. (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: _____________________________

 

 

 

 

    	 	30	 

     

    

 

Exhibit 3

Form of Global Warrant Request Notice

 

GLOBAL WARRANT REQUEST NOTICE

To: VStock Transfer LLC, as Warrant Agent for Auddia Inc. (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: _____________________________

 

 

 

 

    	 	31	 

     

    

 

Exhibit 4

Warrant Agent Fee Schedule

 

Monthly Maintenance Fee

 

Our monthly maintenance fee is calculated based upon
the number of record Holders of the Warrants:

 

		o	Monthly Maintenance of 1-99 shareholders	$99 per month
	 	o	Monthly Maintenance of 100-200 shareholders	$150 per month
	 	o	Monthly Maintenance of 200-300 shareholders	$299 per month
	 	o	Monthly Maintenance of 300-500 shareholders	$399 per month
	 	o	Monthly Maintenance of 500+ shareholders	$749 per month

 

Service Fees:

 

		o	Per Warrant Exercise	$45.00
	 	o	Issuance Per Warrant	$35.00
	 	o	Replacement of Lost or Stolen Warrant	$50.00 (paid by registered Holder)
	 	o	Lost Registered Holder search (if needed)	$5.00 per Registered Holder per search
	 	o	Escheatment (if needed)	$50.00 per Registered Holder

 

Other Costs and Excluded Services

 

The company will be billed separately at cost for certain out-of-pocket
expenses such as postage and courier fees.

 

The above services and fees do not include
services in connection with stock splits, reverse stock splits, and “deep search” and associated escheatment/lost
property fees. They do not include services for DWAC set-up ($499), maintenance ($150) issuances ($75) or withdrawals.

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	32

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