Common use of Purchase of Option Shares Clause in Contracts

Purchase of Option Shares. Gentlemen: In accordance with my Stock Option Agreement, dated as of _____________, with PAVmed Inc. (“Company”), under the Company’s 2014 Long-Term Incentive Equity Plan, I hereby irrevocably elect to exercise the right to purchase _____________ shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), which are being purchased for investment and not for resale. As payment for my shares, enclosed is (check and complete applicable boxes): [ ] a [ ] personal check or [ ] certified check or [ ] bank check payable to the order of “PAVmed Inc.” in the sum of $_____________; [ ] confirmation of wire transfer in the amount of $_____________; and/or [ ] with the consent of the Company, a certificate for _____________ shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as such term is defined in the 2014 Long-Term Incentive Equity Plan) of $_____________. I hereby represent and warrant to, and agree with, the Company that:

Purchase of Option Shares. Gentlemen: In accordance with my Stock Option Agreement, dated as of _____________, 2021, with PAVmed Inc. (“Company”), under the Company’s 2014 Long-Term Incentive Equity Plan, I hereby irrevocably elect to exercise the right to purchase _____________ shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), which are being purchased for investment and not for resale. As payment for my shares, enclosed is (check and complete applicable boxes): [ ] a [ ] personal check or [ ] certified check or [ ] bank check payable to the order of “PAVmed Inc.” in the sum of $_____________; [ ] confirmation of wire transfer in the amount of $_____________; and/or [ ] with the consent of the Company, a certificate for _____________ shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as such term is defined in the 2014 Long-Term Incentive Equity Plan) of $_____________. I hereby represent and warrant to, and agree with, the Company that:

Purchase of Option Shares. Gentlemen: In accordance with my Stock Option Agreement, dated as of _____________, with PAVmed Propel Media, Inc. (“Company”), under the Company’s 2014 Long-Term Incentive Equity Plan, I hereby irrevocably elect to exercise the right to purchase _____________ shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), which are being purchased for investment and not for resale. As payment for my shares, enclosed is (check and complete applicable boxes): [ ] ☐ a [ ] ☐ personal check or [ ] ☐ certified check or [ ] ☐ bank check payable to the order of “PAVmed Propel Media, Inc.” in the sum of $_____________; [ ] ☐ confirmation of wire transfer in the amount of $_____________; and/or [ ] ☐ with the consent of the Company, a certificate for _____________ shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as such term is defined in the 2014 Long-Term Incentive Equity Plan) of $_____________. I hereby represent and warrant to, and agree with, the Company that:

Purchase of Option Shares. Gentlemen: In accordance with my Stock Option Agreement, dated as of _____________, 2016, with PAVmed Inc. (“Company”), under the Company’s 2014 Long-Term Incentive Equity Plan, I hereby irrevocably elect to exercise the right to purchase _____________ shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), which are being purchased for investment and not for resale. As payment for my shares, enclosed is (check and complete applicable boxes): [ ] a [ ] personal check or [ ] certified check or [ ] bank check payable to the order of “PAVmed Inc.” in the sum of $_____________; [ ] confirmation of wire transfer in the amount of $_____________; and/or [ ] with the consent of the Company, a certificate for _____________ shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as such term is defined in the 2014 Long-Term Incentive Equity Plan) of $_____________. I hereby represent and warrant to, and agree with, the Company that:

Purchase of Option Shares. Gentlemen: In accordance with my Stock Option Agreement, dated as of _____________March 20, 2017, with PAVmed Inc. (“Company”), under the Company’s 2014 Long-Term Incentive Equity Plan, I hereby irrevocably elect to exercise the right to purchase _____________ shares of the Company’s common stock, par value $.0001 per share (“Common Stock”), which are being purchased for investment and not for resale. As payment for my shares, enclosed is (check and complete applicable boxes): [ ] ☐ a [ ] ☐personal check or [ ] ¨ certified check or [ ] ☐ bank check payable to the order of “PAVmed Inc.” in the sum of $_____________; [ ] ☐ confirmation of wire transfer in the amount of $_____________; and/or [ ] ☐ with the consent of the Company, a certificate for _____________ shares of the Company’s Common Stock, free and clear of any encumbrances, duly endorsed, having a Fair Market Value (as such term is defined in the 2014 Long-Term Incentive Equity Plan) of $_____________. I hereby represent and warrant to, and agree with, the Company that: