SECURED
PROMISSORY
NOTE


 


	$100,000.00	 	August
    4, 2017


 


FOR
VALUE RECEIVED on the above date, Car Charging Group, Inc., a Nevada corporation (“Borrower”), promises
to pay to BLNK Holdings LLC, a Delaware limited liability company (“Holder”), the principal sum of One Hundred Thousand
Dollars and 00/100 ($100,000.00), together with simple interest at the rate of ten percent (10%) per annum. The entire principal
amount and accrued interest is due and payable on the earlier of November 4, 2017 or the closing date of offerings of the Borrower’s
securities (whether a registered offering or a private offering) which raises total gross proceeds of at least $2,500,000 (the
“Maturity Date”). This Note may be prepaid in whole or in part at any time without penalty or premium.


 


Borrower
hereby assigns, pledges, transfers and grants to Holder a first priority lien on and continuing security interest in all of the
Borrower’s assets listed on Exhibit A hereto (collectively hereinafter referred to as the “Collateral”).
Borrower shall execute such documents as may be reasonably required by Holder to perfect its security interest in the Collateral
(including, without limitation, a financing statement and security agreement). This Note shall create a continuing security interest
in the Collateral and shall (a) remain in full force and effect until the payment in full of amounts due hereunder, (b) be binding
upon Borrower and its successors and assigns and (c) inure to the benefit of the Holder and its successors, transferees and assigns.
In the event of an uncured default, Holder shall have all of the rights and remedies of a secured party under the Uniform Commercial
Code as in effect in the State of Florida. Upon the payment in full of amounts due hereunder, the security interest granted hereby
shall terminate and all rights to the Collateral shall revert to Borrower. Upon any such termination, the Holder will execute
and deliver to Borrower such documents as Borrower shall reasonably request to evidence such termination. Notwithstanding
anything to the contrary, Borrower hereby pledges to the Holder, and creates in the Holder for its benefit, a first priority security
interest for such time until all of the obligations are paid in full, in and to all of the property and assets of the Borrower
including but not limited to all of the property and assets as set forth in Exhibit A attached hereto, whether presently
owned or existing or hereafter acquired or coming into existence, and all additions and accessions thereto and all substitutions
and replacements thereof (collectively, the “Pledged Property”). 


 


Borrower
acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be commenced by or against the Borrower,
or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding, then the Holder should be entitled
to, among other relief to which the Holder may be entitled under hereunder and/or applicable law, an order from the court granting
immediate relief from the automatic stay pursuant to 11 U.S.C. Section 362 to permit the Holder to exercise all of its rights
and remedies pursuant to this Note and/or applicable law. THE BORROWER EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED
BY 11 U.S.C. SECTION 362. FURTHERMORE, THE BORROWER EXPRESSLY ACKNOWLEDGES AND AGREES THAT NEITHER 11 U.S.C. SECTION 362 NOR ANY
OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION 105) SHALL STAY,
INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE HOLDER TO ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THIS
NOTE AND/OR APPLICABLE LAW. The Borrower hereby consents to any motion for relief from stay that may be filed by the Holder in
any bankruptcy or insolvency proceeding initiated by or against the Borrower and, further, agrees not to file any opposition to
any motion for relief from stay filed by the Holder. The Borrower represents, acknowledges and agrees that this waiver is knowingly,
intelligently and voluntarily made, that neither the Holder nor any person acting on behalf of the Holder has made any representations
to induce this waiver, that the Borrower has been represented (or has had the opportunity to he represented) in the signing of
this Note and in the making of this waiver by independent legal counsel selected by the Borrower and that the Borrower has discussed
this waiver with counsel.


 




    	 



    	 



    


 





Borrower
agrees to pay all costs and expenses incurred by Holder in connection with the collection of any and all sums due or payable hereunder,
including, without limitation, reasonable attorneys’ fee and costs to outside counsel, or to preserve or protect any rights
of Holder pursuant to this Note. The remedies of Holder shall be cumulative and concurrent, and may be pursued singly, successively
and together at the sole discretion of Holder, and may be exercised as often as occasion therefor shall occur, and the failure
to exercise any such right or remedy shall in no event be construed as a waiver or release of the same. Borrower waives presentment
for payment, demand, notice of demand, notice of nonpayment or dishonor, protest and notice of protest of this Note, and all other
notices in connection with the delivery, acceptance, performance, default or enforcement of the payment of this Note. The words
“Holder” and “Borrower” whenever occurring herein shall be deemed and construed to include the respective
representatives, successors and assigns of Holder and Borrower and the singular shall include the plural. No waiver of any non-payment
or other default hereunder shall be considered valid unless in writing and signed by Holder, and no such waiver shall be deemed
a waiver of any subsequent non-payment or default, irrespective of whether such non-payment or other default shall be of the same
or similar nature.


 


This
Note may not be amended or modified, nor shall any waiver of any of the provisions hereof be effective, except by an instrument
in writing executed by Holder. Borrower have executed this Note as principal and not as surety or accommodation party. Should
any provision of this Note be held to be illegal or unenforceable, the balance of the document shall be construed as if the illegal
or unenforceable provision were not included.


 


This
instrument shall be construed according to and governed by the laws of the State of Florida without regard to conflicts of law
principles, except to the extent that those laws may be preempted by the laws of the United States of America. Borrower and Holder
consent to the personal jurisdiction of the Federal or state courts located in the State of Florida and agree that venue shall
be proper and the forum shall be convenient in Miami-Dade County, Florida, as selected by the holder of this Note, if suit is
filed to enforce, interpret or construe this Note.


 


All
notices required or permitted hereunder shall be in writing, delivered by hand, certified mail, postage prepaid, return receipt
requested or by verified overnight delivery, and shall be deemed made upon actual receipt by the party to whom addressed.


 


IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by an authorized officer as of August 11, 2017.


 


	 	BORROWER:
	 	 
	 	Car
    Charging Group, Inc.
	 	 
	 	By:
    	 /s/
                                         Michael Calise 




	 	 	Michael
    Calise, CEO


 




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EXHIBIT
A


 


DEFINITION
OF COLLATERAL


 


For
the purpose of securing prompt and complete payment and performance by the Borrower (hereinafter the “Company”) of
all of the obligations under the Note, the Company unconditionally and irrevocably hereby grants to the Holder (hereinafter the
“Secured Party”) a continuing first priority security interest in and to, and lien upon, the following pledged property
of the Company:


 


(a)
all cash, negotiable instruments, escrow funds,
bank accounts, assets of all subsidiaries, shares of stocks of all subsidiaries, contract rights, prepaid expenses and claims;



 


(b)
all goods of the Company, including, without limitation, machinery, equipment, computer, furniture, furnishings, fixtures, signs,
lights, tools, parts, supplies and motor vehicles of every kind and description, now or hereafter owned by the Company or in which
the Company may have or may hereafter acquire any interest, and all replacements, additions, accessions, substitutions and proceeds
thereof, arising from the sale or disposition thereof, and where applicable, the proceeds of insurance and of any tort claims
involving any of the foregoing;


 


(c)
all inventory of the Company, including, but not limited to, all goods, wares, merchandise, parts, supplies, finished products,
other tangible personal property, including such inventory as is temporarily out of Company’s custody or possession and
including any returns upon any accounts or other proceeds, including insurance proceeds, resulting from the sale or disposition
of any of the foregoing;


 


(d)
all contract rights and general intangibles of the Company, including, without limitation, goodwill, trademarks, trade styles,
trade names, leasehold interests, partnership or joint venture interests, patents and patent applications, copyrights, deposit
accounts whether now owned or hereafter created;


 


(e)
all documents, warehouse receipts, instruments and chattel paper of the Company whether now owned or hereafter created, including
without limitation all files, records, books of account, business papers and computer programs;


 


(f)
all accounts and other receivables, instruments or other forms of obligations and rights to payment of the Company (herein collectively
referred to as “Accounts”), together with the proceeds thereof, all goods represented by such Accounts and
all such goods that may be returned by the Company’s customers, and all proceeds of any insurance thereon, and all guarantees,
securities and liens which the Company may hold for the payment of any such Accounts including, without limitation, all rights
of stoppage in transit, replevin and reclamation and as an unpaid vendor and/or lienor, all of which the Company represents and
warrants will be bona fide and existing obligations of its respective customers, arising out of the sale of goods by the Company
in the ordinary course of business;


 


(g)
to the extent assignable, all of the Company’s rights under all present and future authorizations, permits, licenses and
franchises issued or granted in connection with the operations of any of its facilities; and


 


(h)
all products and proceeds (including, without limitation, insurance proceeds) from the above-described Pledged Property.


 




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