SEC Contract Filing

Filing Date: 2022-05-18

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ex10-1.htm
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.1</B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITIES
PURCHASE AGREEMENT</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
SECURITIES PURCHASE AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is made and entered into as of May 15, 2022 by and among Celcuity
Inc., a Delaware corporation (the &ldquo;<U>Company</U>&rdquo;), the Investors identified on <U>Exhibit A</U> attached hereto (each an
&ldquo;<U>Investor</U>&rdquo; and collectively the &ldquo;<U>Investors</U>&rdquo;).</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A.
The Company and each Investor is executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by Section 4(a)(2) of the Securities Act of 1933, as amended (the &ldquo;<U>1933 Act</U>&rdquo;) and/or Rule 506 of Regulation
D (&ldquo;Regulation D&rdquo;) as promulgated by the United States Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;)
under the 1933 Act.</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B.
The Investors, severally and not jointly, wish to purchase from the Company, and the Company wishes to sell and issue to the Investors,
upon the terms and subject to the conditions stated in this Agreement, (i) shares (the &ldquo;<U>Common Shares</U>&rdquo;) of the Company&rsquo;s
Common Stock, par value $0.001 per share (the &ldquo;<U>Common Stock</U>&rdquo;), (ii) shares (the &ldquo;<U>Preferred Shares</U>&rdquo;)
of Preferred Stock (as defined below), and (iii) warrants to purchase shares of Preferred Stock, in the form attached hereto as <U>Exhibit
B</U> (the &ldquo;<U>Warrants</U>&rdquo; and, together with the Common Shares and Preferred Shares, the &ldquo;<U>Securities</U>&rdquo;).</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C.
Contemporaneously with the sale of the Securities, the parties hereto will execute and deliver a Registration Rights Agreement, in the
form attached hereto as <U>Exhibit C</U> (the &ldquo;<U>Registration Rights Agreement</U>&rdquo;), pursuant to which the Company will
agree to provide certain registration rights under the 1933 Act, and the rules and regulations promulgated thereunder, and applicable
state securities laws.</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
consideration of the mutual promises made herein and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:</FONT></P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase">1.
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Definitions</U>. For the purposes of this Agreement,
the following terms shall have the meanings set forth below:</FONT></P>

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