Exhibit 10.1


 





SUBSCRIPTION AGREEMENT


 


Subscription
Agreement between the Company, and purchaser identified on the signature page to this Agreement (the “Subscriber”),
and is being delivered to the Subscriber in connection with its investment in OriginClear, Inc., a Nevada corporation (the “Company”).
The Company is conducting a private placement (the “Offering”) for an amount of up to $4,000,000 of Units, each
Unit consisting of (i) 100 shares (the “Series K Preferred Shares”) of the Company’s newly created Series K Preferred
Stock, having the rights set forth the Certificate of Designation of Series K Preferred Stock substantially in the form of Exhibit
A hereto (the “Series K Certificate of Designation”), and (ii) such number of shares of newly created Series L Preferred
Stock, substantially in the form of Exhibit B hereto (the “Series L Certificate of Designation”) equal to the number
that, if such Series L Preferred Shares were converted to common stock, the number of shares of common stock issuable upon such
conversion would be equal to the amount determined by dividing $50,000 by the conversion price of the Series L Preferred Stock
based on Section 6(a)(i)(a) under the Series L Certificate of Designation (which is equal to the closing price of the common stock
on the date the Company has banked funds and received and accepted executed subscription documents and the purchase price under
the Subscription Agreement from the investor (the “Series L Preferred Shares”; the Units, the Series K Preferred Shares,
the Series L Preferred Shares and the shares of common stock issuable upon conversion of the Series L Preferred Shares are referred
to collectively herein as the “Securities”) at a purchase price of $100,000 per Unit. For the avoidance of doubt, the
amount of Series K Preferred Shares and Series L Preferred Shares received by Subscriber will be determined on a pro rata basis
with respect to any partial Units purchased.


 


Solely
by way of illustration, in the event a Subscriber hereunder purchases $100,000 of Units, and the closing price of the common stock
on the date the Company has banked funds and received and accepted executed subscription documents and the purchase price from
such Subscriber is $0.001, such Subscriber would receive 100 shares of Series K Preferred Stock and 50 shares of Series L Preferred
Stock.


 


Aggregate
chronological sales of Series K Preferred Shares of $500,000 will each be deemed to be one “Tranche” for purposes of
the Series K Certificate of Designation, provided that, in the event any Tranche is not fully sold within 3 months from the date
of commencement of such Tranche, such Tranche will then be deemed to expire on such date. Shares of Series L Preferred Stock purchased
hereunder may include fractional shares which will be rounded to the nearest one-hundredth of a share.


 


IMPORTANT INVESTOR NOTICES


 


NO OFFERING LITERATURE OR
ADVERTISEMENT IN ANY FORM MAY BE RELIED UPON IN THE OFFERING OF THE UNITS EXCEPT FOR THIS SUBSCRIPTION AGREEMENT AND ANY SUPPLEMENTS
HERETO (THE “AGREEMENT”), AND NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATIONS EXCEPT THOSE CONTAINED
HEREIN.


 


THIS AGREEMENT IS CONFIDENTIAL
AND THE CONTENTS HEREOF MAY NOT BE REPRODUCED, DISTRIBUTED OR DIVULGED BY OR TO ANY PERSONS OTHER THAN THE RECIPIENT OR ITS REPRESENTATIVE,
ACCOUNTANT OR LEGAL COUNSEL, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY. EACH PERSON WHO ACCEPTS DELIVERY OF THIS AGREEMENT
ACKNOWLEDGES AND AGREES TO THE FOREGOING RESTRICTIONS.


 


THIS AGREEMENT DOES NOT
PURPORT TO BE ALL-INCLUSIVE OR TO CONTAIN ALL OF THE INFORMATION THAT YOU MAY DESIRE IN EVALUATING THE COMPANY, OR AN INVESTMENT
IN THE OFFERING. THIS AGREEMENT DOES NOT CONTAIN ALL OF THE INFORMATION THAT WOULD NORMALLY APPEAR IN A PROSPECTUS FOR AN OFFERING
REGISTERED UNDER THE SECURITIES ACT. YOU MUST CONDUCT AND RELY ON YOUR OWN EVALUATION OF THE COMPANY AND THE TERMS OF THE OFFERING,
INCLUDING THE MERITS AND RISKS INVOLVED, IN DECIDING WHETHER TO INVEST IN THE OFFERING.


 


THIS AGREEMENT DOES NOT
CONSTITUTE AN OFFER OR SOLICITATION OF AN OFFER TO ANY PERSON OR IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION IS UNLAWFUL
OR NOT AUTHORIZED. EACH PERSON WHO ACCEPTS DELIVERY OF THIS AGREEMENT AGREES TO RETURN IT AND ALL RELATED DOCUMENTS IF SUCH PERSON
DOES NOT PURCHASE ANY OF THE UNITS DESCRIBED HEREIN.


 




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NEITHER THE DELIVERY OF THIS
AGREEMENT AT ANY TIME NOR ANY SALE OF UNITS HEREUNDER SHALL IMPLY THAT INFORMATION CONTAINED HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT
TO ITS DATE. THE COMPANY WILL EXTEND TO EACH PROSPECTIVE INVESTOR (AND TO ITS REPRESENTATIVE, ACCOUNTANT OR LEGAL COUNSEL, IF ANY)
THE OPPORTUNITY, PRIOR TO ITS PURCHASE OF UNITS, TO ASK QUESTIONS OF AND RECEIVE ANSWERS FROM THE COMPANY CONCERNING THE OFFERING
AND TO OBTAIN ADDITIONAL INFORMATION, TO THE EXTENT THE COMPANY POSSESSES THE SAME OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT
OR EXPENSE, IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION SET FORTH HEREIN. ALL SUCH ADDITIONAL INFORMATION SHALL ONLY BE
PROVIDED IN WRITING AND IDENTIFIED AS SUCH BY THE COMPANY THROUGH ITS DULY AUTHORIZED OFFICERS AND/OR DIRECTORS ALONE; NO ORAL
INFORMATION OR INFORMATION PROVIDED BY ANY BROKER OR THIRD PARTY MAY BE RELIED UPON.


 


NO REPRESENTATIONS, WARRANTIES
OR ASSURANCES OF ANY KIND ARE MADE OR SHOULD BE INFERRED WITH RESPECT TO THE ECONOMIC RETURN, IF ANY, THAT MAY ACCRUE TO AN INVESTOR
IN THE COMPANY.


 


THIS AGREEMENT CONTAINS FORWARD-LOOKING
STATEMENTS REGARDING THE COMPANY’S PERFORMANCE, STRATEGY, PLANS, OBJECTIVES, EXPECTATIONS, BELIEFS AND INTENTIONS. THE OUTCOME
OF THE EVENTS DESCRIBED IN THESE FORWARD-LOOKING STATEMENTS IS SUBJECT TO SUBSTANTIAL RISKS, AND ACTUAL RESULTS COULD DIFFER MATERIALLY.


 


THE OFFERING PRICE OF THE
UNITS HAS BEEN DETERMINED ARBITRARILY. THE PRICE OF THE UNITS DOES NOT NECESSARILY BEAR ANY RELATIONSHIP TO THE ASSETS, EARNINGS
OR BOOK VALUE OF THE COMPANY, OR TO POTENTIAL ASSETS, EARNINGS, OR BOOK VALUE OF THE COMPANY. THERE IS NO PUBLIC MARKET FOR THE
COMPANY’S SERIES K PREFERRED STOCK OR SERIES L PREFERRED STOCK AND A LIMITED MARKET IN THE COMPANY’S COMMON STOCK AND
THERE CAN BE NO ASSURANCE THAT AN ACTIVE TRADING MARKET IN ANY OF THE COMPANY’S SECURITIES WILL DEVELOP OR BE MAINTAINED.
THE PRICE OF SHARES OF COMMON STOCK QUOTED ON THE OTC MARKETS OR TRADED ON ANY EXCHANGE MAY BE IMPACTED BY A LACK OF LIQUIDITY
OR AVAILABILITY OF SUCH SHARES FOR PUBLIC SALE AND ALSO WILL NOT NECESSARILY BEAR ANY RELATIONSHIP TO THE ASSETS, EARNINGS, BOOK
VALUE OR POTENTIAL PROSPECTS OF THE COMPANY. SUCH PRICES SHOULD NOT BE CONSIDERED ACCURATE INDICATORS OF FUTURE QUOTED OR TRADING
PRICES THAT MAY SUBSEQUENTLY EXIST FOLLOWING THIS OFFERING.


 


THE COMPANY RESERVES THE
RIGHT, IN ITS SOLE DISCRETION, TO REJECT ANY SUBSCRIPTION IN WHOLE OR IN PART FOR ANY REASON OR FOR NO REASON. THE COMPANY IS NOT
OBLIGATED TO NOTIFY RECIPIENTS OF THIS AGREEMENT WHETHER ALL OF THE UNITS OFFERED HEREBY HAVE BEEN SOLD.


 


FOR RESIDENTS OF ALL STATES


 


THIS OFFERING IS BEING MADE
SOLELY TO “ACCREDITED INVESTORS,” AS SUCH TERM IS DEFINED IN RULE 501 OF REGULATION D UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”). THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OR THE SECURITIES LAWS OF ANY STATE AND WILL BE OFFERED AND SOLD IN RELIANCE UPON THE EXEMPTION FROM REGISTRATION AFFORDED
BY SECTION 4(a)(2) THEREUNDER AND REGULATION D (RULE 506) OF THE SECURITIES ACT AND CORRESPONDING PROVISIONS OF STATE SECURITIES
LAWS.


 


THE SECURITIES OFFERED HEREBY
ARE SUBJECT TO RESTRICTION ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES
ACT AND APPLICABLE STATE LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED
TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.


 




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THE SECURITIES OFFERED HEREBY
HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (“SEC”), ANY STATE
SECURITIES COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE
MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.


 


PROSPECTIVE INVESTORS SHOULD
NOT CONSTRUE THE CONTENTS OF THIS AGREEMENT AS INVESTMENT, LEGAL, BUSINESS, OR TAX ADVICE. EACH INVESTOR SHOULD CONTACT HIS, HER
OR ITS OWN ADVISORS REGARDING THE APPROPRIATENESS OF THIS INVESTMENT AND THE TAX CONSEQUENCES THEREOF, WHICH MAY DIFFER DEPENDING
ON AN INVESTOR’S PARTICULAR FINANCIAL SITUATION. IN NO EVENT SHOULD THIS AGREEMENT BE DEEMED OR CONSIDERED TO BE TAX ADVICE
PROVIDED BY THE COMPANY.


 


FOR FLORIDA RESIDENTS ONLY


 


THE SECURITIES REFERRED TO
HEREIN WILL BE SOLD TO, AND ACQUIRED BY, THE HOLDER IN A TRANSACTION EXEMPT UNDER § 517.061 OF THE FLORIDA SECURITIES ACT.
THE SECURITIES HAVE NOT BEEN REGISTERED UNDER SAID ACT IN THE STATE OF FLORIDA. IN ADDITION, ALL FLORIDA RESIDENTS SHALL HAVE THE
PRIVILEGE OF VOIDING THE PURCHASE WITHIN THREE (3) DAYS AFTER THE FIRST TENDER OF CONSIDERATION IS MADE BY SUCH SUBSCRIBER TO THE
COMPANY, AN AGENT OF THE COMPANY, OR WITHIN THREE DAYS AFTER THE AVAILABILITY OF THAT PRIVILEGE IS COMMUNICATED TO SUCH SUBSCRIBER,
WHICHEVER OCCURS LATER.


 


		1.	SUBSCRIPTION AND PURCHASE PRICE



 


(a) 
Subscription. Subject to the conditions set forth in Section 2 hereof, the Subscriber hereby subscribes for and agrees
to purchase the number of Units indicated on the Subscriber’s signature pages hereof on the terms and conditions described
herein.


 


(b) 
Purchase of Units. The Subscriber understands and acknowledges that the Purchase Price to be remitted to the Company
in exchange for the Units shall be set at $100,000 per Unit, for an aggregate purchase price as set forth on page 11 hereof (the
“Aggregate Purchase Price”). The Subscriber shall concurrently with delivery of this Agreement to the Company
pay the Purchase Price for the Units subscribed for hereunder, payable in United States Dollars, by wire transfer of immediately
available funds to the Company in accordance with the wire instructions provided on Annex A, or by remitting a check using
the Company’s Federal Express account and address which are also provided on
Annex A. The Subscriber understands and agrees that, subject to Section 2 and applicable laws, by executing this Agreement,
it is entering into a binding agreement.


 


		2.	ACCEPTANCE, OFFERING TERM AND CLOSING PROCEDURES



 


(a) 
Acceptance or Rejection. Subject to full, faithful and punctual performance and discharge by the Company of all of
its duties, obligations and responsibilities as set forth in this Agreement and any other agreement entered into between the Subscriber
and the Company relating to this subscription (collectively, the “Transaction Documents”), the Subscriber shall
be legally bound to purchase the Units pursuant to the terms and conditions set forth in this Agreement. For the avoidance of doubt,
upon the occurrence of the failure by the Company to fully, faithfully and punctually perform and discharge any of its duties,
obligations and responsibilities as set forth in any of the Transaction Documents, which shall have been performed or otherwise
discharged prior to the Closing, the Subscriber may, on or prior to the Closing (as defined below), at its sole and absolute discretion,
elect not to purchase the Units and provide instructions to the Company to receive the full and immediate refund of the Aggregate
Purchase Price. The Subscriber understands and agrees that the Company reserves the right to reject this subscription for Units
in whole or part in any order at any time prior to the Closing for any reason or for no reason, notwithstanding the Subscriber’s
prior receipt of notice of acceptance of the Subscriber’s subscription. In the event the Closing does not take place because
of (i) the rejection of subscription for Units by the Company; or (ii) the election not to purchase the Units by the Subscriber;
or (iii) a Tranche expires prior to any closings taking place under such Tranche (provided, that, the Company may in its sole discretion
continue the offering and include any subsequent Subscribers in a subsequent Tranche, subject to the maximum amount of $4,000,000
in Units offered) for any reason or no reason (including, without limitation, because the Company has terminated the Offering,
which the Company may do at any time in its discretion), this Agreement and any other Transaction Documents shall thereafter be
terminated and have no force or effect, and the parties shall take all steps, to ensure that the Aggregate Purchase Price shall
promptly be returned or caused to be returned to the Subscriber without interest thereon or deduction therefrom.


 






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(b) 
Closing. The closing of the purchase and sale of the Units hereunder (the “Closing”) shall take
place at the offices of the Company or such other place as determined by the Company and may take place in one of more closings.
Closings shall take place on a Business Day promptly following the satisfaction of the conditions set forth in Section 7 below,
as determined by the Company (the “Closing Date”). “Business Day” shall mean from the hours
of 9:00 a.m. (Eastern Time) through 5:00 p.m. (Eastern Time) of a day other than a Saturday, Sunday or other day on which commercial
banks in New York, New York are authorized or required to be closed. The Series K Preferred Shares and Series L Preferred Shares
comprising the Units purchased by the Subscriber will be delivered by the Company within 15 Business Days following the Closing
Date.


 


(c) 
Following Acceptance or Rejection. The Subscriber acknowledges and agrees that this Agreement and any other documents
delivered in connection herewith will be held by the Company. In the event that this Agreement is not accepted by the Company for
whatever reason, which the Company expressly reserves the right to do, this Agreement, the Aggregate Purchase Price received (without
interest thereon) and any other documents delivered in connection herewith will be returned to the Subscriber at the address of
the Subscriber as set forth in this Agreement. If this Agreement is accepted by the Company, the Company is entitled to treat the
Aggregate Purchase Price received as an interest free loan to the Company until such time as the Subscription is accepted.


 


		3.	THE SUBSCRIBER’S REPRESENTATIONS, WARRANTIES AND COVENANTS



 


The
Subscriber hereby acknowledges, agrees with and represents, warrants and covenants to the Company, as follows:


 


(a) 
The Subscriber has full power and authority to enter into this Agreement, the execution and delivery of which has been duly
authorized by all the necessary corporate actions, and no other acts or proceedings on the part of the Subscriber are necessary
to authorize the execution, delivery or performance by the Subscriber of this Agreement, if applicable, and this Agreement constitutes
a valid and legally binding obligation of the Subscriber, except as may be limited by bankruptcy, reorganization, insolvency, moratorium
and similar laws of general application relating to or affecting the enforcement of rights of creditors, and except as enforceability
of the obligations hereunder are subject to general principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or law).


 


(b) 
The Subscriber acknowledges its understanding that the Offering and sale of the Securities is intended to be exempt from
registration under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(a)(2)
of the Securities Act and the provisions of Regulation D promulgated thereunder (“Regulation D”). In furtherance
thereof, the Subscriber represents and warrants to the Company and its affiliates as follows:


 


(i) 
The Subscriber realizes that the basis for the exemption from registration may not be available if, notwithstanding the
Subscriber’s representations contained herein, the Subscriber is merely acquiring the Securities for a fixed or determinable
period in the future, or for a market rise, or for sale if the market does not rise. The Subscriber does not have any such intention.


 


(ii) 
The Subscriber realizes that the basis for exemption would not be available if the Offering is part of a plan or scheme
to evade registration provisions of the Securities Act or any applicable state or federal securities laws.


 


(iii) 
The Subscriber is acquiring the Securities solely for investment purposes, and not with a view towards, or resale in connection
with, any distribution of the Securities


 


(iv) 
The Subscriber has the financial ability to bear the economic risk of the Subscriber’s investment, has adequate means
for providing for its current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.


 






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(v) 
The Subscriber and the Subscriber’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”) has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of a prospective investment in the Securities. If other than an individual, the Subscriber also represents
it has not been organized solely for the purpose of acquiring the Securities.


 


(vi) 
The Subscriber has carefully reviewed and understands this Agreement in its entirety, including without limitation all Exhibits
hereto (including the Series K Certificate of Designation, the Series L Certificate of Designation, and the security agreement
attached as Exhibit C (the “Security Agreement”)) and Composite Annex B including the Risk Factors included therein.
Without limiting the generality of the foregoing, the Subscriber is aware that, pursuant to the Series L Certificate of Designation,
upon conversion of shares of Series L Preferred Stock, a Subscriber that holds securities of the Company that such Subscriber purchased
in certain prior offerings of the Company will be entitled to Make-Good Shares (as defined therein), subject to the terms and conditions
set forth therein, that a Subscriber that does not hold such securities purchased in such prior offerings of the Company will not
be entitled to.


 


(vii) 
The Subscriber (together with its Advisors, if any) has received all documents requested by the Subscriber or its agents
(including that which is attached hereto forming Composite Annex B, attached hereto), has carefully reviewed them
and understands the information contained therein, prior to the execution of this Agreement.


 


(c) 
The Subscriber is not relying on the Company or any of its employees, agents, sub-agents or advisors with respect to the
legal, tax, economic and related considerations involved in this investment. The Subscriber has relied on the advice of, or has
consulted with, only its Advisors.


 


(d) The Subscriber has carefully considered the potential risks relating to the Company and
a purchase of the Securities, and fully understands that the Securities are a speculative investment that involves a high degree
of risk of loss of the Subscriber’s entire investment. Among other things, the Subscriber has carefully considered each
of the risks as described on Annex C, attached hereto.


 


(e)  The
Subscriber will not sell or otherwise transfer any Securities without registration under the Securities Act or an
exemption therefrom, and fully understands and agrees that the Subscriber must bear the economic risk of its purchase
because, among other reasons, the Securities have not been registered under the Securities Act or under the securities laws
of any state and, therefore, cannot be resold, pledged, assigned or otherwise disposed of unless they are subsequently
registered under the Securities Act and under the applicable securities laws of such states, or an exemption from such
registration is available. In particular, the Subscriber is aware that the Securities are “restricted
securities,” as such term is defined in Rule 144 promulgated under the Securities Act (“Rule 144”),
and they may not be sold pursuant to Rule 144 unless all of the conditions of Rule 144 are met. The Subscriber understands
that any sales or transfers of the Securities are further restricted by state securities laws.


 


(f) 
No oral or written representations or warranties have been made, or information furnished, to the Subscriber or its Advisors,
if any, by the Company or any of its officers, employees, agents, sub-agents, affiliates, advisors or subsidiaries in connection
with the Offering, other than any representations of the Company contained herein, and in subscribing for the Units, the Subscriber
is not relying upon any representations other than those contained herein.


 


(g) 
The Subscriber’s overall commitment to investments that are not readily marketable is not disproportionate to the
Subscriber’s net worth, and an investment in the Securities will not cause such overall commitment to become excessive.


 






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(h) 
The Subscriber understands and agrees that the certificates for the Securities shall bear substantially the following legend
until (i) such Securities shall have been registered under the Securities Act and effectively disposed of in accordance with a
registration statement that has been declared effective or (ii) in the opinion of counsel acceptable to the Company, such Securities
may be sold without registration under the Securities Act, as well as any applicable “blue sky” or state securities
laws:


 


“THE SHARES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR ANY APPLICABLE STATE SECURITIES LAWS. SUCH SHARES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND MAY NOT BE OFFERED FOR SALE,
SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED BY
THE ISSUER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION COVERING SUCH SHARES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL
THAT SUCH REGISTRATION IS NOT REQUIRED.


 


(i) 
Neither the SEC nor any state securities commission has approved the Securities or passed upon or endorsed the merits of
the Offering. There is no government or other insurance covering any of the Securities.


 


(j) 
The Subscriber and its Advisors, if any, have had a reasonable opportunity to ask questions of and receive answers from
a person or persons acting on behalf of the Company concerning the Offering, the Securities, and the business, financial condition,
results of operations and prospects of the Company, and all such questions have been answered to the full satisfaction of the Subscriber
and its Advisors, if any.


 


(k) 
In making the decision to invest in the Securities the Subscriber has relied solely upon the information provided by the
Company in the Transaction Documents. To the extent necessary, the Subscriber has retained, at its own expense, and relied upon
appropriate professional advice regarding the investment, tax and legal merits and consequences of this Agreement and the purchase
of the Securities hereunder. The Subscriber disclaims reliance on any statements made or information provided by any person or
entity in the course of Subscriber’s consideration of an investment in the Securities other than the Transaction Documents.


 


(l) 
The Subscriber has taken no action that would give rise to any claim by any person for brokerage commissions, finders’
fees or the like relating to this Agreement or the transactions contemplated hereby.


 


(m) 
The Subscriber is not relying on the Company or any of its employees, agents, or advisors with respect to the legal, tax,
economic and related considerations of an investment in the Securities, and the Subscriber has relied on the advice of, or has
consulted with, only its own Advisors.


 


(n) 
The Subscriber acknowledges that any estimates or forward-looking statements or projections furnished by the Company to
the Subscriber were prepared by the management of the Company in good faith, but that the attainment of any such projections, estimates
or forward-looking statements cannot be guaranteed by the Company or its management and should not be relied upon.


 


(o) 
No oral or written representations have been made, or oral or written information furnished, to the Subscriber or its Advisors,
if any, in connection with the Offering that are in any way inconsistent with the information contained herein.


 


(p) 
(For ERISA plans only) The fiduciary of the ERISA plan (the “Plan”) represents that such fiduciary has
been informed of and understands the Company’s investment objectives, policies and strategies, and that the decision to invest
“plan assets” (as such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require
diversification of plan assets and impose other fiduciary responsibilities. The Subscriber or Plan fiduciary (i) is responsible
for the decision to invest in the Company; (ii) is independent of the Company and any of its affiliates; (iii) is qualified to
make such investment decision; and (iv) in making such decision, the Subscriber or Plan fiduciary has not relied primarily on any
advice or recommendation of the Company or any of its affiliates.


 


(q) 
This Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges
and agrees that the Company reserves the right to reject any subscription for any reason or for no reason.


 


(r) 
The Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents,
advisors, affiliates and shareholders, and each other person, if any, who controls any of the foregoing from and against any and
all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses
whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or
investigation whether commenced or threatened) (a “Loss”) arising out of or based upon any representation or
warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith
being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by
the Subscriber herein or therein.


 






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(s)  The
Subscriber is, and on each date on which the Subscriber acquires restricted Securities will be, an
“Accredited Investor” as defined in Rule 501(a) under the Securities Act. In general, an “Accredited
Investor” is deemed to be an institution with assets in excess of $5,000,000 or individuals with a net worth in excess
of $1,000,000 (excluding such person’s principal residence) or annual income exceeding $200,000 or $300,000 jointly
with his or her spouse.


 


(t) 
The Subscriber, either alone or together with its representatives, has such knowledge, sophistication and experience in
business and financial matters so as to be capable of evaluating the merits and risks of the Offering, and has so evaluated the
merits and risks of such investment. The Subscriber has not authorized any person or entity to act as its Purchaser Representative
(as that term is defined in Regulation D of the General Rules and Regulations under the Securities Act) in connection with the
Offering. The Subscriber is able to bear the economic risk of an investment in the Securities and, at the present time, is able
to afford a complete loss of such investment.


 


(u) 
The Subscriber has reviewed, or had an opportunity to review, the Company’s Annual Report on Form 10-K for the year
ended December 31, 2018 filed with the SEC on April 25, 2019 as well as all of the Company’s
filings with the SEC since January 1, 2018 (the “SEC Filings”), all of which are deemed incorporated herein by reference,
including, without limitation, all “Risk Factors” and “Forward Looking Statements” disclaimers contained
in the SECFilings.


 


		4.	THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS



 


The
Company hereby acknowledges, agrees with and represents, warrants and covenants to the Subscriber, as follows:


 


(a) 
The Company is a corporation, validly existing and in good standing under the laws of Nevada, with the requisite power and
authority to own and use its properties and assets and to carry on its business as currently conducted.


 


(b) 
The Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated
by this Agreement and otherwise to carry out its obligations hereunder. The execution and delivery of this Agreement by the Company
and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action
on the part of the Company.


 


(c) 
The execution, delivery and performance by the Company of this Agreement, the issuance and sale of the Securities and the
consummation by it of the transactions contemplated hereby party do not and will not conflict with or violate any provision of
the Company’s articles of incorporation or other organizational or charter documents.


 


(d) The Company’s capitalization
as of May 24, 2019 is substantially as set forth in Annex D.


 


		5.	CONDITIONS TO ACCEPTANCE OF SUBSCRIPTION



 


The
Company’s right to accept the subscription of the Subscriber is conditioned upon satisfaction of the following conditions
precedent on or before the date the Company accepts such subscription:


 


(a) 
As of the Closing, no legal action, suit or proceeding shall be pending that seeks to restrain or prohibit the transactions
contemplated by this Agreement.


 


(b) 
The representations and warranties of the Company contained in this Agreement shall have been true and correct in all material
respects on the date of this Agreement and shall be true and correct in all material respects as of the Closing as if made on the
Closing Date (except for any such representations and warranties which are as of a different specific date).


 






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		6.	MISCELLANEOUS PROVISIONS



 


(a) 
No inference shall be drawn in favor of or against any party by virtue of the fact that such party’s counsel was or
was not the principal draftsman of this Agreement.


 


(b) 
Each of the parties hereto shall be responsible to pay the costs and expenses of its own legal counsel in connection with
the preparation and review of this Agreement and related documentation.


 


(c) 
Neither this Agreement, nor any provisions hereof, shall be waived, modified, discharged or terminated except by an instrument
in writing signed by the party against whom any waiver, modification, discharge or termination is sought.


 


(d) 
The representations, warranties and agreement of the Subscriber and the Company made in this Agreement shall survive the
execution and delivery of this Agreement and the delivery of the Securities.


 


(e) 
Any party may send any notice, request, demand, claim or other communication hereunder to the Subscriber at the address
set forth on the signature page of this Agreement or to the Company at its primary office (including personal delivery, expedited
courier, messenger service, fax, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication
will be deemed to have been duly given unless and until it actually is received by the intended recipient. Any party may change
the address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other
parties written notice in the manner herein set forth.


 


(f) 
Except as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of, the parties to
this Agreement and their heirs, executors, administrators, successors, legal representatives and assigns. If the Subscriber is
more than one person or entity, the obligation of the Subscriber shall be joint and several and the agreements, representations,
warranties and acknowledgments contained herein shall be deemed to be made by, and be binding upon, each such person or entity
and its heirs, executors, administrators, successors, legal representatives and assigns. This Agreement sets forth the entire
agreement and understanding between the parties as to the subject matter hereof and merges and supersedes all prior discussions,
agreements and understandings of any and every nature among them.


 


(g) This Agreement is not transferable or assignable by the Subscriber.


 


(h) 
Except as otherwise provided herein, this Agreement shall not be changed, modified or amended except by a writing signed
by both (a) the Company and (b) the Subscribers.


 


(i) 
This Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles.


 


(j) 
The Company and the Subscriber hereby agree that any dispute that may arise between them arising out of or in connection
with this Agreement shall be adjudicated before a court located in New York County, New York, and they hereby submit to the exclusive
jurisdiction of the federal and state courts of the State of New York located in New York County with respect to any action or
legal proceeding commenced by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue
of any such action or proceeding brought in such a court or respecting the fact that such court is an inconvenient forum, relating
to or arising out of this Agreement or any acts or omissions relating to the sale of the Securities hereunder, and consent to the
service of process in any such action or legal proceeding by means of registered or certified mail, return receipt requested, postage
prepaid, in care of the address set forth herein or such other address as either party shall furnish in writing to the other.


 


(k) 
WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY,
THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY,
IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.


 


(l) 
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.


 


		7.	LEAK OUT.



 


The Subscriber hereby agrees
that, for a period commencing on the date of this Agreement, and expiring on the date that the Subscriber does not beneficially
own any Securities (the “Restricted Period”), Subscriber will not sell, dispose or otherwise transfer, directly or
indirectly, (including, without limitation, any sales, short sales, swaps or any derivative transactions that would be equivalent
to any sales or short positions) on any Trading Day during the Restricted Period (any such date, a “Date of Determination”),
shares of common stock of the Company, in an amount more than 1% of the Monthly Trading Volume of the common stock as reported
by Bloomberg, LP for the applicable Date of Determination. The “Monthly Trading Volume” means the total trading volume
for the prior 30 calendar days of the common stock as of the Date of Determination. The Subscriber agrees that the Company may
have stop transfer instructions placed with the Company’s transfer agent against transfer of shares held by Subscriber except
in compliance with this Section 7. “Trading Day” means any day on which the New York Stock Exchange is open for business.


 


[Signature Pages Follow]


 




    - 8 -


     


    

 


SUBSCRIBER MUST COMPLETE THIS PAGE


 


IN WITNESS WHEREOF, the Subscriber has executed this Agreement
on the       day of                      , 2019.


 


	 	 	  x  $100,000 for each Unit  =  	 
	 	Units subscribed for	Aggregate Purchase Price


 


Manner in which Title is to be held (Please Check
One):


 


	 	1.	¤	Individual	 	7.	¡	Trust/Estate/Pension or Profit sharing Plan
	 	2.	¡	Joint Tenants with Right of Survivorship	 	8.	¡	Date Opened:                                 

    As a Custodian for
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	Under the Uniform Gift to Minors Act of the State of
	 	 	 	 	 	 	 	 
	 	3.	¡	Community Property	 	9.	¡	Married with Separate Property
	 	4.	¡	Tenants in Common	 	10.	¡	Keogh
	 	5.	¡	Corporation/Partnership/ Limited Liability Company	 	11.	¡	Tenants by the Entirety
	 	6.	¡	IRA	 	 	 	 


 


ALTERNATIVE DISTRIBUTION INFORMATION


 


To direct distribution to a party other than
the registered owner, complete the information below.


 


YOU MUST COMPLETE THIS SECTION IF THIS IS AN IRA INVESTMENT.


 


	 	Name of Firm (Bank, Brokerage, Custodian):  	 


 


	 	Account Name: 	 


 


	 	Account Number: 	 


 


	 	Representative Name: 	 


 


	 	Representative Phone Number: 	 


 


	 	Address: 	 


 


	 	City, State, Zip: 	 


 




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IF MORE THAN ONE SUBSCRIBER,
EACH SUBSCRIBER MUST SIGN. 

INDIVIDUAL SUBSCRIBERS MUST COMPLETE THIS PAGE. 

SUBSCRIBERS WHICH ARE ENTITIES MUST COMPLETE FOLLOWING
PAGE.


 


EXECUTION BY NATURAL PERSONS


 


	Exact Name in Which Title is to be Held
	 	 
	 	 
	 	Name (Please Print)	 	Name of Additional Subscriber
	 	 	 	 
	 	 	 	 
	 	Residence: Number and Street	 	Address of Additional Subscriber
	 	 	 	 
	 	 	 	 
	 	City, State and Zip Code	 	City, State and Zip Code
	 	 	 	 
	 	 	 	 
	 	Social Security Number	 	Social Security Number
	 	 	 	 
	 	 	 	 
	 	Telephone Number	 	Telephone Number
	 	 	 	 
	 	 	 	 
	 	Fax Number (if available)	 	Fax Number (if available)
	 	 	 	 
	 	 	 	 
	 	E-Mail (if available)	 	E-Mail (if available)
	 	 	 	 
	 	 	 	 
	 	(Signature)	 	(Signature of Additional Subscriber)



 


ACCEPTED this         day of               ,
2019, on behalf of the Company.


 


	 	ORIGINCLEAR, INC.  
	 	 	 
	 	By:	               
	 	Name: 	T. Riggs Eckelberry 
	 	 Title: 	Chief Executive Officer 


 


 


[SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT]


 




    - 10 -


     


    

 


Exhibit A


 


Certificate of Designation
of Series K Preferred Stock


 




    - 11 -


     


    

 


Exhibit B


 


Certificate of Designation
of Series L Preferred Stock


 




    - 12 -


     


    

 


Exhibit C


 


Security Agreement


 




    - 13 -


     


    

 


ANNEX A


 


SENDING OPTIONS


 




    - 14 -


     


    

 


COMPOSITE ANNEX B


 


DOCUMENTATION PROVIDED TO
SUBSCRIBER


 




    - 15 -


     


    

 


ANNEX C


 


RISK FACTORS


 


An investment in the Securities
of the Company involves a high degree of risk and should be considered only by persons who can afford to lose their entire investment
and who have no need for liquidity in their investment. You should carefully consider the risk factors described below, and discussed
in the section titled “Risk Factors” in our most recent Annual Report on Form 10-K, as well as the risks, uncertainties
and additional information set forth in our SEC Filings incorporated by reference herein. Our business, financial condition or
results of operations could be materially adversely affected by any of these risks. The trading price of our common stock could
decline due to any of these risks, and you may lose all or part of your investment.


 


Risks Related to the Securities and This Offering


 


There is no public market for the
Series K Preferred Shares or Series L Preferred Shares and a limited public market for the common stock.


 


There is no public market
for the Series K Preferred Shares or the Series L Preferred Shares, and we not intend to have such securities quoted or listed
on any market. In addition, our common stock is quoted on the OTC Pink which is an unorganized, inter-dealer, over-the-counter
market which provides significantly less liquidity than the NASDAQ Capital Market or other national securities exchange. These
factors may have an adverse impact on the trading and price of our common stock.


 


The Securities will be subject to restrictions
on resale.


 


We have not registered the
sale of any of the Securities under the Securities Act or any state securities laws.
The securities offered hereby are highly illiquid, and are not transferable except in accordance with the Securities Act. Consequently,
the Securities may not be resold or otherwise transferred unless they are subsequently registered under applicable securities laws
or an exemption therefrom is available. In view of these and other limitations to the transfer of the Securities as described herein,
the Securities should be considered an illiquid investment which may need to be held indefinitely. Limitations on the transfer
of the Securities may also adversely affect the price that a Subscriber might be able to obtain for such securities in a private
sale.


 


The price of the Units has been determined
without a third party valuation or fairness opinion.


 


We have set the price of
Units without the benefit of any third party valuation or fairness opinion or review. You must make your own determination as to
the accuracy, fairness or reasonableness of the price of the Units and the other terms of the Offering.


 


We will have significant discretion over
the use of the gross proceeds.


 


The Company intends to use
the net proceeds of this Offering for general corporate purposes and to meet working capital needs. Accordingly, Company management
will have broad discretion as to the application of such proceeds. There can be no assurance that management’s use of proceeds
generated through this Offering will prove optimal or translate into revenue or profitability for the Company.


 


There is no investor counsel.


 


The Company has not retained any independent professionals
to review or comment on this Offering or otherwise protect the interests of Subscribers. Although the Company has retained its
own counsel, neither such firm nor any other firm has made any independent examination of any factual matters represented by management
herein, and purchasers of the Securities offered hereby should not rely on any such firms so retained with respect to any matters
herein described.


 


No governmental entity has evaluated our
securities.


 


No federal or state commission, department or agency
has made any evaluation, finding, recommendation or endorsement with respect to the Securities.


 




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Additional stock offerings in the
future may dilute then-existing shareholders’ percentage ownership of the Company.


 


Given our plans and expectations
that we will need additional capital and personnel, we anticipate that we will need to issue additional shares of common stock
or securities convertible or exercisable for shares of common stock, including convertible preferred stock, convertible notes,
stock options or warrants. The issuance of additional securities in the future will dilute the percentage ownership of then current
stockholders. Without limiting the generality of the foregoing, the Company may conduct other offerings concurrent with this offering.


 


Subscribers
in this Offering who do not hold securities of the Company purchased in certain prior offerings of the Company will be subject
to additional dilution.


 


Pursuant to the Series L Certificate of Designation,
subscribers in this Offering who hold securities of the Company that such subscribers purchased in certain prior offerings of the
Company, at such time as they convert Series L Preferred Stock to common stock, will be entitled to additional shares of common
stock, pursuant to the formula and subject to the terms and conditions set forth therein, that holders of Series L Preferred Stock
who convert shares to common stock will not otherwise be entitled to. This will result in additional dilution to subscribers in
this Offering who do not hold such securities purchased in such prior offerings of the Company and will thus not be entitled to
such additional shares.


 


We may be unable to redeem the Series K
Preferred Shares when required.


 


Pursuant to the Series K
Certificate of Designation, the Company will be required to redeem the Series K Preferred Shares offered in this offering on the
date that is two years following the final closing or expiration date for the applicable Tranche, for the stated value plus any
accrued but unpaid dividends. There is no assurance the Company will be able to make such payment. Further, although such redemption
will be secured by a security interest (junior in priority to the security interest held by the Series I Preferred Stock) in the
outstanding shares of our wholly-owned subsidiary, Progressive Water Treatment, Inc., pursuant to the Security Agreement, there
is no assurance holders will be able to realize such amount pursuant to such security interest. In addition, we will be required
to redeem any outstanding shares of our Series F Preferred Stock on September 1, 2020, which is prior to the date that we will
be required to redeem our outstanding shares of Series K Preferred Stock, and may have an adverse effect on our available capital
for such redemption. We also have outstanding shares of Series I Preferred Stock which we
will be required to redeem prior to the date that we will be required to redeem any outstanding shares of our Series K Preferred
Stock, which may have an adverse effect on our available capital for such redemption.


 


The Series K Preferred Shares will not
have voting rights.


 


Holders of the Series K Preferred
Shares, by virtue of holding such shares, will not have any voting rights, except as may be required under applicable law. Thus,
the holders of the Series K Preferred Shares, by virtue of holding such shares, will have no right to participate in the election
of directors of the Company or any other matter that may be brought to the vote of the shareholders of the Company.


 


The Series K Preferred Shares will be subject
to the Company’s right of redemption.


 


Pursuant to the Series K
Certificate of Designation, the Company will have the right to redeem outstanding shares of Series K Preferred Stock, in the Company’s
discretion, subject to the terms and conditions set forth therein. Such redemption, if it occurs, may reduce the return on Series
K Preferred Shares for Subscribers, as redeemed shares will no longer be entitled to further dividends.


 


The Series K Preferred Stock will not be
convertible to common stock.


 


The Series K Preferred Stock
will not be convertible to common stock. This may reduce the value of the Series K Preferred Stock as the holders, by virtue of
being holders of the Series K Preferred Shares, will not have the opportunity to benefit from any increase in the market price
of the common stock.


 


Investors should
consult their own tax advisers regarding tax consequences of this Offering and the Series K and Series L Preferred Shares.


 


The Company makes no representations
regarding the tax treatment that will apply to the Series K Preferred Shares, Series L Preferred Shares, or this Offering, including,
without limitation, with respect to any dividend or redemption payments under the Series K Preferred Shares. Subscribers should
consult their own tax advisers regarding such tax consequences.


 


 


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