SEC Contract Filing

Filing Date: 2023-01-04

Document Content:
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<TYPE>EX-10.03
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<FILENAME>ex10-03.htm
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Exhibit 10.03</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>PLACEMENT
AGENCY AGREEMENT</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 3in; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">December
30, 2022</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladenburg
Thalmann &amp; Co. Inc.</FONT></P>

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Fifth Avenue, 4th Floor</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">New
York, New York 10019</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ladies
and Gentlemen:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Introduction</B>.
Subject to the terms and conditions herein (this &ldquo;<U>Agreement</U>&rdquo;), Palisade Bio, Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;),
hereby agrees to sell up to an aggregate of $2,500,000 of securities of the Company, including, 513,842 registered shares (the &ldquo;<U>Shares</U>&rdquo;)
of the Company&rsquo;s common stock, $0.01 par value per share (the &ldquo;<U>Common Stock</U>&rdquo;) (or registered Pre-Funded Warrants
in lieu thereof (the &ldquo;<U>Registered Pre-funded Warrants</U>&rdquo;), unregistered Pre-Funded Common Stock purchase warrants to
purchase up to an aggregate of 538,789 shares of Common Stock (the &ldquo;<U>Unregistered Pre-Funded Warrants</U>&rdquo;) and unregistered
Common Stock Warrants to purchase up to an aggregate 1,052,631 shares of Common Stock (the &ldquo;<U>PIPE Warrants</U>&rdquo;, together
with the Registered and Unregistered Pre-Funded Warrants, the &ldquo;<U>Warrants</U>&rdquo; and the shares of Common Stock issuable upon
exercise of the Warrants, the &ldquo;<U>Warrant Shares</U>&rdquo;) (the Shares, the Warrants and Warrant Shares, collectively, the &ldquo;<U>Securities</U>&rdquo;)
directly to one or more investors (each, an &ldquo;<U>Investor</U>&rdquo; and, collectively, the &ldquo;<U>Investors</U>&rdquo;) through
Ladenburg Thalmann &amp; Co. Inc. (the &ldquo;<U>Placement Agent</U>&rdquo;) as placement agent. The documents executed and delivered
by the Company and the Investors in connection with the Offering (as defined below), including, without limitation, a securities purchase
agreement(s) (the &ldquo;<U>Purchase Agreement</U>&rdquo;), shall be collectively referred to herein as the &ldquo;<U>Transaction Documents</U>.&rdquo;
The Placement Agent may retain other brokers or dealers to act as sub-agents or selected-dealers on its behalf in connection with the
Offering (as defined below).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company hereby confirms its agreement with the Placement Agent as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Section
1. Agreement to Act as Placement Agent</B>.</FONT></P>

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