3,450,000 Units Each Unit Consisting of One Share of Common Stock and One Warrant to Purchase 0.25 of a Share of Common StockUnderwriting Agreement • November 20th, 2014 • Immune Pharmaceuticals Inc • Pharmaceutical preparations • New York
Immune Pharmaceuticals Inc., a Delaware corporation (the “Company”), proposes, subject to the terms and conditions stated herein, to issue and sell to the underwriters named in Schedule VI hereto (the “Underwriters”), for whom National Securities Corporation is acting as representative (the “Representative”), (i) an aggregate of 3,450,000 authorized but unissued shares (the “Firm Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company and (ii) warrants (the “Firm Warrants”) to purchase an aggregate of 862,500 authorized but unissued shares of Common Stock of the Company (the “Firm Warrant Shares”). In addition, the Company proposes to grant to the Underwriters the option to purchase from the Company, up to (i) an additional 517,500 shares of Common Stock of the Company (the “Additional Shares”) and (ii) warrants (the “Additional Warrants”) to purchase up to 129,375 shares of Common Stock of the Company (the “Additional Warrant Shares”). The Firm Share
