SEC Contract Filing

Filing Date: 2023-06-16

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ea180279ex10-1_aditxtinc.htm
<DESCRIPTION>FORM OF UNSECURED PROMISSORY NOTE
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNSECURED PROMISSORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">$___________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">_________, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">FOR VALUE RECEIVED, the undersigned, ADITXT, INC.,
a Delaware corporation (together with its successors and assigns, the &quot;Borrower&quot;), hereby promises to pay to the order of __________,
an individual (together with his successors and assigns, the &quot;Lender&quot;), at the Lender's offices at 737 N. Fifth Street, Suite
200, Richmond, Virginia (or such other place as the Lender may designate in writing to the Borrower), the aggregate principal sum of ____________
dollars ($__________), with interest, upon the terms and subject to the conditions of this unsecured promissory note (the &quot;Note&quot;)
as set forth below. The Lender and Borrower collectively shall be referred to as the &ldquo;Parties.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">1. <B>PAYMENT AND PREPAYMENT</B>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">(a) REPAYMENT OF PRINCIPAL. The Borrower shall repay
the principal amount of this Note in one lump sum on the earlier of (i) __________, 2023 (the &ldquo;Maturity Date&rdquo;) or (ii) an
Event of Default (as defined hereinafter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">(b) PAYMENT OF INTEREST. The unpaid principal amount
of this Note shall accrue interest (computed on the basis of a 365-day year) at the Prime rate, as of the date of this agreement, of __________
(____%) per annum. Borrower shall repay the interest owed on the Maturity Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">(c) ADDITIONAL INTEREST. If payment of any amount
due under this Note shall be overdue, such overdue amount shall continue to bear interest from and after the Maturity Date, to and including
the date when paid in full.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">(d) PREPAYMENT. Any amounts due under this Note may
be prepaid in full. If Borrower prepays the full principal amount owed, Borrower shall also pay interest owed, calculated up to and including
the date of prepayment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.75in">(e) MANNER OF PAYMENT AND PREPAYMENT. Payments and
prepayments under this Note shall be applied first to interest accrued but unpaid and then to principal. If the due date of any required
payment under this Note is not a &quot;business day&quot; (for this purpose, any day other than a Saturday, Sunday or legal holiday, such
required payment shall be due and payable on the immediately succeeding business day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 45.8pt">2. <B>EVENTS OF DEFAULT</B>. The occurrence and continuation
of any one or more of the following events shall constitute an event of default under this Note (&quot;Event of Default&quot;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(a) PAYMENT DEFAULT. The Borrower shall fail to make
any required payment of principal of or interest on this Note.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">(b) BANKRUPTCY DEFAULT. The Borrower shall (i) commence
any case, proceeding or other action relating to seeking to have an order for relief entered with respect to it or its debts, or seeking
reorganization, liquidation, dissolution, or other such relief with respect to it or its debts, or seeking appointment of a receiver or
other similar official (each of the foregoing, a &quot;Bankruptcy Action&quot;); (ii) become the debtor named in any Bankruptcy Action
which results in the entry of an order for relief or any such adjudication or appointment described in the immediately preceding clause
(i); or (iii) make a general assignment for the benefit of its creditors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

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