CONVERSION
AGREEMENT


 


THIS
CONVERSION AGREEMENT (the “Agreement”) is made and entered into effective as of August 23, 2017, by and
between Blink Charging Co. (f/k/a Car Charging Group, Inc.), a Nevada corporation (the “Company”) and BLNK
Holdings LLC, a Delaware limited liability company (“BLNK”).


 


WHEREAS,
the Company is currently in the process of pursuing: (i) a public offering of its securities; and (ii) the listing of its
shares of common stock on the Nasdaq Capital Market or other national securities exchange (collectively, the “Offering”);


 


WHEREAS,
Joseph Gunnar & Co (the “Underwriter”) is leading the Offering;


 


WHEREAS,
BLNK has lent money to the Company on six separate occasions from February 2017 through August 2017 and, collectively, the
Company owes BLNK $209,442 in principal and interest (the “Debt”) pursuant to those certain promissory notes
issued by the Company to BLNK (the “Notes”); and


 


WHEREAS,
in connection with the Offering, the Underwriter has asked the Company and BLNK to convert the Debt into securities of the
Company.


 


NOW,
THEREFORE, in consideration of the foregoing, of the mutual promises contained herein and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:


 


		1.	Conversion
                                         of the Debt. The Company and BLNK hereby agree that upon the closing of the Offering,
                                         the Debt shall be converted into that number of shares of the Company’s common
                                         stock, par value $0.001 per share (the “Common Stock”), determined
                                         by the following formula: the Debt amount (i) multiplied by a factor of 115 and then
                                         (ii) divided by 80% of the per share price of Common Stock or the per unit price of the
                                         units sold in the Offering (the “Automatic Conversion”). Upon the
                                         triggering of the Automatic Conversion, the Company shall send BLNK prompt written notice
                                         (the “Automatic Conversion Notice”) specifying the conversion price
                                         and date upon which such conversion was effective (the “Effective Date”)
                                         and the number of restricted shares of Common Stock to be issued to BLNK upon conversion.
                                         The conversion price shall be specified in the Automatic Conversion Notice.



 


		2.	Modification
                                         of Terms. If, and whenever, prior to the Effective Date, the Company, pursuant to
                                         a conversion agreement (whether entered into prior to, on, or after August 23, 2017)
                                         for any securities of the Company including, but not limited to, a warrant, option, a
                                         convertible note, or convertible preferred stock, is notified of and implements a conversion
                                         that is or will be more favorable to the holder of such securities than the terms of
                                         conversion for BLNK in Section 1 of the Agreement, then (i) the Company shall provide
                                         notice thereof to BLNK following the occurrence thereof and (ii) the terms of conversion
                                         in Section 1 shall be, without any further action by BLNK or the Company, automatically
                                         amended and modified in an economically and legally equivalent manner such that BLNK
                                         shall receive the benefit of the more favorable terms set forth in any such conversion
                                         agreement.



 


		3.	Expiration
                                         of this Agreement. If the Offering does not close by 5:00 PM Eastern Standard Time
                                         on December 29, 2017, this Agreement shall expire and the Company shall again owe the
                                         Debt, without any further interest, to BLNK.



 


		4.	Conflicts.
                                         In the event that there is a conflict between the provisions of this Agreement and the
                                         Notes, the terms stated herein shall prevail.



 



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		5.	Counterparts.
                                         This Agreement may be executed in any number of counterparts, including facsimile and
                                         scanned versions, each of which when so executed shall be deemed an original and all
                                         of which shall constitute together one and the same instrument, and shall be effective
                                         upon execution by all of the parties.



 


IN
WITNESS WHEREOF, the parties have executed this Conversion Agreement.


 


	BLINK
    CHARGING CO. 	 	BLNK
    HOLDINGS LLC
	 	 	 	 
	By:
    	 	 	 
	 	Michael
    J. Calise, Chief Executive Officer	 	[Name,
    Title]


 






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