SEC Contract Filing

Filing Date: 2023-11-15

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>ef20014760_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
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 <div style="font-weight: bold; text-align: right; font-size: 10pt;">Exhibit 10.3<br>
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 <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;">REGISTRATION RIGHTS AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">This<font style="font-family: 'Times New Roman'; font-weight: bold;"> REGISTRATION RIGHTS AGREEMENT</font>
 (this &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Agreement</font>&#8221;), dated as of November 14, 2023, is by and among Femasys Inc., a Delaware corporation (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Company</font>&#8221;), and the undersigned buyers (each, a &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Buyer</font>,&#8221; and collectively, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Buyers</font>&#8221;).</div>
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 <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>RECITALS</u></div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">A. In connection with the Securities Purchase Agreement by and among the parties hereto, dated as of November 14,
 2023 (the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Securities Purchase Agreement</font>&#8221;), the Company has agreed, upon the terms and subject to the conditions of the Securities Purchase Agreement, to issue and
 sell to each Buyer (i) the Notes (as defined in the Securities Purchase Agreement) which will be convertible into Conversion Shares (as defined in the Securities Purchase Agreement) in accordance with the terms of the Notes and (ii) the Series A
 Warrants and the Series B Warrants (each as defined in the Securities Purchase Agreement and collectively referred to herein as the &#8220;Warrants&#8221;), which will be exercisable to purchase Warrant Shares (as defined in the Securities Purchase Agreement)
 in accordance with the terms of the Warrants.</div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">B. To induce the Buyers to consummate the transactions contemplated by the Securities Purchase Agreement, the Company
 has agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">1933 Act</font>&#8221;), and applicable state securities laws.</div>
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 <div style="text-align: center; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; font-weight: bold;"><u>AGREEMENT</u></div>
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 <div style="text-align: justify; text-indent: 36pt; color: #000000; font-family: 'Times New Roman'; font-size: 12pt;"><font style="font-size: 10pt; font-family: 'Times New Roman'; font-weight: bold;">NOW, THEREFORE,</font><font style="font-size: 10pt;"> in consideration of the premises and the mutual covenants contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Buyers
 hereby agree as follows:</font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">1.</font><font style="font-size: 10pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<font style="color: rgb(0, 0, 0); font-family: 'Times New Roman';"><u>Definitions.</u></font></font></div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">Capitalized terms used herein and not otherwise defined herein shall have the respective meanings set forth in the
 Securities Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:</div>
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 <div style="text-align: justify; text-indent: 36pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt;">(a) &#8220;<font style="font-family: 'Times New Roman'; font-weight: bold;">Business Day</font>&#8221; means any day
 other than Saturday, Sunday or other day on which commercial banks in The City of New York are authorized or required by law to remain closed;<font style="font-family: 'Times New Roman';">&#160;<u>provided</u>, <u>however</u>, for
 clarification, commercial banks shall not be deemed to be authorized or required by law to remain closed due to &#8220;stay at home&#8221;, &#8220;shelter-in-place&#8221;, &#8220;non-essential employee&#8221; or any other similar orders or restrictions or the closure of any
 physical branch locat