SEC Contract Filing

Filing Date: 2019-03-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>6
<FILENAME>xenetic_ex1004.htm
<DESCRIPTION>VOTING AGREEMENT - DR. GENKIN
<TEXT>
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<P STYLE="margin: 0">Exhibit 10.4</P>

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

<P STYLE="margin: 0"></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This <B>VOTING
AGREEMENT </B>(this &ldquo;<U>Agreement</U>&rdquo;), dated as of March 1, 2019 is entered into by and among (i)
Xenetic Biosciences, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;) and (ii) the Stockholder of the Company a
signatory hereto (the &ldquo;<U>Stockholder</U>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the
parties hereto desire to provide for certain rights and obligations of the Stockholder on and after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the
Company has executed that certain Share Purchase Agreement, dated as of the date hereof (as the same may be amended, modified,
supplemented, refinanced or replaced from time to time, the &ldquo;<U>Share Purchase Agreement</U>&rdquo;), by and among the Company,
Hesperix SA, a Swiss corporation, and certain other parties thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>WHEREAS,</B> the
Company has executed that certain Assignment Agreement, dated as of the date hereof (as the same may be amended, modified, supplemented,
refinanced or replaced from time to time, the &ldquo;<U>Assignment Agreement</U>&rdquo;), by and among the Company and the Stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS</B>, the Stockholder, either
himself or through his affiliates, beneficially owns and has sole or shared voting power with respect to the number of voting shares
of the Company indicated opposite the Stockholder&rsquo;s name on <U>Schedule 1</U> attached hereto<B>. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>WHEREAS</B>, as a condition and an inducement
to the Company&rsquo;s willingness to enter into the Share Purchase Agreement, the Stockholder has agreed to entered into this
Agreement with the Company.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>NOW THEREFORE,</B>
in consideration of the mutual covenants and agreements contained in this Agreement, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE I<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Capitalized terms not otherwise defined
shall have the meanings specified in the Share Purchase Agreement.</P>

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

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE II<BR>
<BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif">VOTING AGREEMENT</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 9pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Stockholder covenants
and agrees to vote (or cause to be voted) or deliver a written consent (or cause a written consent to be delivered) all voting
securities of the Company owned or held by such Stockholder, directly or indirectly, as of the date hereof and all shares subsequently
acquired by such Stockholder by any means, including, without limitation, upon exercise of any stock option, warrant or similar
purchase right, in favor of (i) the approval and adoption of the Assignment Agreement and the Share Purchase Agreement and the
Transactions contemplated thereby, (ii) the approval of the Domestication (as defined in the Share Purchase Agreement), to the
extent Company, in its discretion, determines that such Domestication will be effectuated, (iii) the approval of the Buyer Financing
(as defined in the Share Purchase Agreement), (iv) the election of Dr. Alexey Vinogradov to the board of dire