SEC Contract Filing

Filing Date: 2020-09-02

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>brhc10014849_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<html>
 <head>
 <title></title>
 <!-- Licensed to: Broadridge Financial Solutions, Inc
 Document created using EDGARfilings PROfile 7.1.0.0
 Copyright 1995 - 2020 Broadridge -->
 </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">
 <div>
 <hr noshade="noshade" align="center" style="height: 4px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;">
 <div>
 <div style="text-align: right; font-style: italic; font-weight: bold;"> <font style="font-style: normal;">Exhibit 10.1</font><br>
 </div>
 <div style="text-align: right; font-style: italic; font-weight: bold;"><font style="font-style: normal;"> <br>
 </font></div>
 <div style="text-align: right; font-style: italic; font-weight: bold;">Execution Version</div>
 <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Warrant Exchange Agreement</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;">This<font style="font-variant: small-caps;">&#160;</font><font style="font-weight: bold; font-variant: small-caps;">Warrant Exchange Agreement</font><font style="font-variant: small-caps;">&#160;</font>(the
 &#8220;<u>Agreement</u>&#8221;) is made and entered into as of September 1, 2020, by and between Rexahn Pharmaceuticals, Inc.<font style="font-variant: small-caps;">,</font> a Delaware corporation (the &#8220;<u>Company</u>&#8221;), and the undersigned holder of the
 Existing Warrants (as defined below) (the &#8220;<u>Holder</u>&#8221;).</div>
 <div>&#160;</div>
 <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Recitals</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref16843299"></a><font style="font-weight: bold;">A.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; The Holder previously acquired those certain Common Stock Purchase Warrants currently exercisable into such aggregate
 number of shares of common stock, par value $0.0001 per share, of the Company (the &#8220;<u>Common Stock</u>&#8221;), as set forth on <u>Schedule A</u> attached hereto (the &#8220;<u>Existing Warrants</u>&#8221;).</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">B.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The Company has duly authorized the issuance to the Holder, in exchange for the Existing Warrants, of such aggregate number of shares of Common
 Stock as are set forth on <u>Schedule A</u> attached hereto (the &#8220;<u>Exchange Shares</u>&#8221;).</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">C.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Each of the Company and the Holder desire to effectuate such exchange on the basis and subject to the terms and conditions set forth in this
 Agreement.</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">D.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;The exchange of the Existing Warrants for the Exchange Shares is being made in reliance upon the exemption from registration provided by Section
 3(a)(9) of the Securities Act of 1933, as amended (the &#8220;<u>Securities Act</u>&#8221;).</div>
 <div>&#160;</div>
 <div style="text-align: center; font-variant: small-caps; font-weight: bold;">Agreement</div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;">The parties to this Agreement, intending to be legally bound, agree as follows:</div>
 <div style="text-align: justify; text-indent: 36pt; margin-left: 4.5pt;">&#160;<font style="font-weight: bold;"></font></div>
 <div style="text-align: justify; text-indent: 36pt;"><font style="font-weight: bold;">1.</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>Exchange of Existing Warrants</u>.<font style="font-weight: bold;">&#160;</font>The Holder hereby conveys, assigns, transfers and surrenders the
 Existing Warrants to the Company and, in exchange, the Company shall cancel the Existing Warrants and issue the Exchange Shares to the Holder, which Exchange Shares shall be issued without a restrictive legend and shall be freely tradable by the
 Holder (the &#8220;<u>Exchange</u>&#8221;). In connection with the Exchange, the Holder hereby relinquishes all rights, title and interest in the Existing Warrants (including any claims the Holder may have against the Company related thereto) and assigns the
 same to the Company. Within two (2) trading days of the execution and delivery of this Agreement, the Holder shall surrender to the Company at the address set forth on the Company&#8217;s signature page hereto the original versions of the Existing
 Warrants or, if the original versions of the Existing Warrants have been lost, mutilated or destroyed, an affidavit to such effect and indemnity reasonably acceptable to the Company. The Existing Warrants are hereby deemed cancelled and of no
 further force and effect, effective immediately, and shall hereafter represent only the right to receive the Exchange Shares set forth next to such Existing Warrant on <u>Schedule A</u>. </div>
 <div>&#160;</div>
 <div style="text-align: justify; text-indent: 36pt;"><a name="z_Ref16843305"></a><a name="z_Ref16715030"></a><a name="z_Ref16844432"></a><a name="z_Toc34069862"></a><a name="z_Ref136873196"></a><a name="z_Ref296512325"></a><a name="z_Ref296512384"></a><a name="z_Ref296512423"></a><a name="z_Ref296512469"></a><a name="z_Ref327540059"></a><a name="z_Ref328122460"></a><a name="z_Ref377583528"></a><a name="z_Ref491027580"></a><a name="z_Ref504978618"></a><a name="z_Ref533428040"></a><a name="z_Ref534985954"></a><a name="z_Ref535237876"></a><a na