Document:

EX-10.2

 Exhibit 10.2 

REPRICING AGREEMENT AND SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”), dated as of
November 29, 2017 (the “Revolver Repricing Amendment Closing Date”), among Expo Event Midco, Inc., a Delaware corporation (“Holdings”), Emerald Expositions Holding, Inc., a Delaware corporation (the “Initial
Borrower”), the Co-Borrowers from time to time party to the Credit Agreement referred to below (the “Co-Borrowers” and, together with the
Initial Borrower, each a “Borrower” and, collectively, the “Borrowers”), Bank of America, N.A., as Administrative Agent for the Lenders and Collateral Agent for the Secured Parties (in such capacities, the
“Administrative Agent”), the Lenders signatories hereto, and, for purposes of Section 9 hereof, each Guarantor party hereto. 

WHEREAS, reference is hereby made to the Amended and Restated Credit Agreement, dated as of May 22, 2017, among Holdings, the Borrowers,
the Subsidiary Guarantors party thereto, the Lenders party thereto, the Issuing Lenders from time to time party thereto and the Administrative Agent (as amended, supplemented, amended and restated or otherwise modified from time to time prior to the
date hereof, including pursuant to that certain Refinancing Agreement and First Amendment to Amended and Restated Credit Agreement among the parties thereto, dated as of November 27, 2017, the “Existing Credit Agreement” and,
as amended by this Amendment, the “Credit Agreement”; capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Existing Credit Agreement or the Credit Agreement, as the context may
require); 
 WHEREAS, the Borrowers have requested that, in accordance with Section 11.1 of the Existing Credit
Agreement, the Existing Credit Agreement be amended to, among other things (a) effect a change to the “Applicable Margin” definition set forth in the Existing Credit Agreement and (b) make certain other changes as more fully set
forth below; 
 WHEREAS, to accomplish the foregoing, the Borrowers, the Administrative Agent and the Lenders are willing to amend the
Existing Credit Agreement as set forth herein; and 
 WHEREAS, the amendments to the Existing Credit Agreement set forth herein are each
subject to the satisfaction of the conditions precedent to effectiveness referred to herein and shall become effective as provided herein. 

NOW, THEREFORE, in consideration of the premises and covenants contained herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows: 

Section 1.    Amendments. 

Each of the following amendments, which are made pursuant to Section 11.1 of the Existing Credit Agreement, are
necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrowers, to effectuate the provisions set forth in Section 11.1 of the Existing Credit Agreement. 

 (a)    Amendments to Section 1.1: Definitions. 

(i)    Section 1.1 of the Existing Credit Agreement is hereby amended by adding
the following definitions in proper alphabetical sequence: 
 “Revolver Repricing Amendment Closing Date”:
November 29, 2017, which is the date on which each of the conditions set forth in Section 3 of the Second Amendment has been satisfied. 

“Second Amendment”: the Revolver Repricing Agreement and Second Amendment to Amended and Restated Credit
Agreement, dated as of November 29, 2017, by and among the Loan Parties, the Lenders party thereto and the Administrative Agent. 

(ii)     Section 1.1 of the Existing Credit Agreement is hereby amended by
deleting the definitions set forth below in their entirety and replacing them with the following:  

“Loan Documents”: this Agreement, the First Amendment, the Second Amendment, any Intercreditor Agreement, the
Notes, the Security Documents, a Refinancing Amendment, if any, an Incremental Amendment, if any, a Co-Borrower Joinder, if any, and a Loan Modification Agreement, if any. 

(iii)     Section 1.1 of the Existing Credit Agreement is hereby amended by
deleting clause (a) of the definition of “Applicable Margin” in its entirety and replacing it with the following: 

(b)    any Revolving Loan, (i) initially, 2.75% per annum in the case of Eurodollar Loans and 1.75% per annum in the
case of ABR Loans and (ii) from and after the first Business Day immediately following the delivery to the Administrative Agent of a Compliance Certificate (pursuant to Section 6.2(c)), commencing with the first full fiscal quarter of the
Initial Borrower ending after the Revolver Repricing Amendment Closing Date, wherein the Total First Lien Net Leverage Ratio is (A) greater than 2.75 to 1.00, 2.75% per annum in the case of Eurodollar Loans and 1.75% per annum in the case of
ABR Loans, (B) less than or equal to 2.75 to 1.00 and greater than 2.50 to 1.00, 2.50% per annum in the case of Eurodollar Loans and 1.50% per annum in the case of ABR Loans, and (C) less than or equal to 2.50 to 1.00, 2.25% per annum in
the case of Eurodollar Loans and 1.25% per annum in the case of ABR Loans; 

Section 2.     Representations and Warranties. Each of the Loan Parties (in
the case of Holdings, only in respect of itself to the extent set forth in this Section 2) represent and warrant to the Administrative Agent and the Lenders as of the Revolver Repricing Amendment Closing Date that:  
 (a)    all representations and warranties of the Borrowers and each
other Loan Party contained in Section 4 of the Existing Credit Agreement and the Credit Agreement and in any other Loan Document are true and correct in all material respects (and in all respects if any

  
 2 

 
such representation or warranty is already qualified by materiality) on and as of the Revolver Repricing Amendment Closing Date immediately before (in the case of the Existing Credit Agreement)
and immediately after (in the case of the Credit Agreement) giving effect thereto, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects
(and in all respects if any such representation or warranty is already qualified by materiality) as of such earlier date; and 

(b)    no Default or Event of Default exists or has occurred and is continuing on and as of the Revolver Repricing
Amendment Closing Date immediately before (in the case of the Existing Credit Agreement) and immediately after (in the case of the Credit Agreement) giving effect to the funding of the Revolving Loans. 
 Section 3.    Conditions to effectiveness
of this Amendment. The obligations of the Lenders to make the Revolving Loans on and after the Revolver Repricing Amendment Closing Date shall be subject to the satisfaction of the following conditions precedent: 

(i)    Loan Documents. The Administrative Agent shall have received the following: Counterparts of this Amendment
that, when taken together, bear the signatures of (A) Holdings, (B) the Borrowers, (C) each Guarantor and (D) the Lenders. 

(ii)    No Default or Event of Default. At the time of and immediately after the Revolver Repricing Amendment
Closing Date and the funding of the Revolver Loans, no Default or Event of Default shall have occurred and be continuing. 

(iii)    Representations and Warranties. The representations and warranties set forth in
Section 2 of this Amendment shall be true and correct in all material respects on the Revolver Repricing Amendment Closing Date with the same effect as though made on and as of such date, except to the extent such
representations and warranties expressly relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects as of such earlier date. 

Section 4.    Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a single instrument. Delivery of an executed
counterpart of a signature page of this Amendment by facsimile transmission or by email in Adobe “.pdf” format shall be effective as delivery of a manually executed counterpart hereof. 

Section 5.    Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THAT WOULD REQUIRE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 Section 6.    Waivers Of Jury Trial. EACH OF
HOLDINGS, THE BORROWERS, THE GUARANTORS, THE ADMINISTRATIVE AGENT AND THE LENDERS PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AMENDMENT OR ANY OTHER LOAN DOCUMENT AND FOR
ANY COUNTERCLAIM THEREIN. 

  
 3 

 Section 7.    Headings. The headings
of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof. 

Section 8.    Effect of this Amendment. Except as expressly set forth herein, this
Amendment shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other provision of the Existing Credit Agreement or any other Loan
Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. As of the Revolver Repricing Amendment Closing Date, each reference in the Existing Credit Agreement to “this Agreement,”
“hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan Documents to the Existing Credit Agreement (including, without limitation, by means of words like
“thereunder,” “thereof” and words of like import), shall mean and be a reference to the Credit Agreement, and this Amendment and the Existing Credit Agreement shall be read together and construed as a single
instrument. This Amendment shall constitute a Loan Document. 

Section 9.    Acknowledgement and Affirmation. Each Loan Party party hereto hereby
expressly acknowledges that (i) all of its obligations under the Guarantee, the Security Documents and the other Loan Documents to which it is a party are hereby reaffirmed and remain in full force and effect on a continuous basis,
(ii) its grant of security interests pursuant to the Security Documents is hereby reaffirmed and remains in full force and effect after giving effect to this Amendment and (iii) except as expressly set forth herein, the execution of this
Amendment shall not operate as a waiver of any right, power or remedy of the Administrative Agent or Lenders, constitute a waiver of any provision of any of the Loan Documents or serve to effect a novation of the Obligations. 

Section 10.    No Novation. By its execution of this Amendment, each of the
parties hereto acknowledges and agrees that the terms of this Amendment do not constitute a novation, but, rather, a supplement of the terms of the pre-existing indebtedness and related agreements, as
evidenced by the Credit Agreement. 
 [signature pages follow] 

  
 4 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the
date first above written. 
  

			
	EMERALD EXPOSITIONS HOLDING, INC.
		
	By:	 	 /s/ David Gosling

	Name:	 	David Gosling
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	EXPO EVENT MIDCO, INC.
		
	By:	 	 /s/ Amir Motamedi

	Name:	 	 Amir Motamedi

	Title:	 	Vice President and Secretary
	
	EMERALD EXPOSITIONS, LLC
		
	By:	 	 /s/ David Gosling

	Name:	 	David Gosling
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	PIZZA GROUP, LLC
		
	By:	 	 /s/ David Gosling

	Name:	 	David Gosling
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	GLM HOLDINGS LLC
		
	By:	 	 /s/ David Gosling

	Name:	 	David Gosling
	Title:	 	Senior Vice President, General Counsel and Secretary
	
	GEORGE LITTLE MANAGEMENT, LLC
		
	By:	 	 /s/ David Gosling

	Name:	 	David Gosling
	Title:	 	Senior Vice President, General Counsel and Secretary

  

 
			
	BANK OF AMERICA, N.A., as Administrative Agent and a Lender
		
	By:	 	 /s/ Michael Dolce

	Name:	 	Michael Dolce
	Title:	 	Managing Director
	
	Barclays Bank PLC., as a Lender
		
	By:	 	 /s/ Chris Walton

	Name:	 	Chris Walton
	Title:	 	Director
	
	Citibank, N.A., as a Lender
		
	By:	 	 /s/ Blake Gronich

	Name:	 	Blake Gronich
	Title:	 	Vice President
	
	Credit Suisse AG, Cayman Islands Branch, as a Lender
		
	By:	 	 /s/ Judith Smith

	Name:	 	Judith Smith
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Joan Park

	Name:	 	Joan Park
	Title:	 	Authorized Signatory
	
	Deutsche Bank AG New York Branch, as a Lender
		
	By:	 	 /s/ Marcus Tarkington

	Name:	 	Marcus Tarkington
	Title:	 	Director

 
			
	By:	 	 /s/ Dusan Lazarov

	Name:	 	Dusan Lazarov
	Title:	 	Director
	
	Goldman Sachs Bank USA, as a Lender
		
	By:	 	 /s/ Charles D. Johnston

	Name:	 	Charles D. Johnston
	Title:	 	Authorized Signatory
	
	Royal Bank of Canada, as a Lender
		
	By:	 	 /s/ Allan Kortan

	Name:	 	Allan Kortan
	Title:	 	Authorized SignatorySETTLEMENT
AGREEMENT WITH MUTUAL RELEASES

 

This
Settlement Agreement with Mutual Releases (“Agreement”), made effective this 30th day of November 2017 (“Effective
Date”), is by and between MagneGas Corporation (“MagneGas”), maintaining its principal place of business at
11885 44th Street N., Clearwater, Florida, and Alpha Capital Anstalt (“Alpha”), maintaining its principal
place of business at Pradafant 7, LI-9490 Vaduz, Furstentum Liechtenstein.

 

WHEREAS,
on June 27, 2016, MagneGas issued a Senior Convertible Debenture due June 27, 2021 (the “Senior Convertible Debenture”);

 

WHEREAS,
MagneGas and Alpha entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) dated as of
June 27, 2016 governing to parties’ respective rights and obligations regarding Alpha’s purchase of the Senior Convertible
Debenture;

 

WHEREAS,
a dispute has arisen in which Alpha maintains that MagneGas breached certain of its obligations, and violated certain of Alpha’s
rights, under the Securities Purchase Agreement and Senior Convertible Debenture;

 

WHEREAS,
MagneGas has denied and continues to deny the allegations Alpha has asserted against it with respect to the Securities Purchase
Agreement and Senior Convertible Debenture;

 

WHEREAS,
after having consulted with their respective counsel, MagneGas and Alpha each has independently concluded that it is in its respective
best interests to settle and resolve amicably and expeditiously any and all disputes and controversies that have been or could
have been raised between them as of the Effective Date;

 

NOW,
THEREFORE, in consideration of the mutual promises exchanged herein and for other good and valuable consideration, the receipt
and sufficiency of which are acknowledged, MagneGas and Alpha hereby memorialize their agreement as follows:

 

    	 

     

    

 

ARTICLE
I.

 

Mutual
Releases

 

1.1
Alpha’s Release of MagneGas. Subject to and conditioned upon receipt of the Exchange Shares (as defined below)
on the terms provided herein, and other than with respect to any obligation of MagneGas or any of its corporate parents, subsidiaries
and Affiliates, along with its and their former and current partners, members, principals, directors, officers, shareholders,
employees, agents, attorneys, contractors, representatives, predecessors, administrators, successors and assigns (collectively
the “MagneGas Persons”) set forth in this Agreement and/or the breach by any MagneGas Person of, or inaccuracy in,
any representation, warranty and/or covenant given or made by any MagneGas Person as set forth in this Agreement. Alpha on behalf
of itself and all of its corporate parents, subsidiaries and Affiliates, along with its and their former and current partners,
members, principals, directors, officers, shareholders, employees, agents, attorneys, contractors, representatives, predecessors,
administrators, successors and assigns (collectively, the “Alpha Persons”), hereby releases and discharges MagneGas
and any and all of the MagneGas Persons, from liability with respect to all claims, demands, causes of action, damages, costs,
expenses, accounts, contracts, agreements, promises, compensation and all other liabilities of any kind or nature whatsoever,
in each case, relating in any way to any business dealing (including, without limitation, any contract or other agreement entered
into) between Alpha and/or any its corporate parents, subsidiaries and Affiliates, on the one hand, and MagneGas and/or any its
corporate parents, subsidiaries and Affiliates, on the other hand, that accrued through the Effective Date (but for the avoidance
of doubt, not to the extent after the Effective Date).

 

    	2

     

    

 

1.2
MagneGas’s Release of Alpha. Subject to and conditioned upon tender and receipt of the Senior Convertible Debenture
as provided for below, and other than with respect to any obligation of Alpha or any Alpha Person set forth in this Agreement
and/or the breach by any Alpha Person of, or inaccuracy in, any representation, warranty and/or covenant given or made by any
Alpha Person as set forth in this Agreement, MagneGas, on behalf of itself and the MagneGas Persons, hereby releases and discharges
Alpha and any and all of the Alpha Persons, from liability with respect to all claims, demands, causes of action, damages, costs,
expenses, accounts, contracts, agreements, promises, compensation and all other liabilities of any kind or nature whatsoever,
in each case, relating in any way to any business dealing (including, without limitation, any contract or other agreement entered
into) between Alpha and/or any its corporate parents, subsidiaries and Affiliates, on the one hand, and MagneGas and/or any its
corporate parents, subsidiaries and Affiliates, on the other hand, that accrued through the Effective Date (but for the avoidance
of doubt, not to the extent after the Effective Date).

 

1.3
Release of Unknown Claims. With respect to the releases provided in this Agreement, each party waives and relinquishes
all rights and benefits afforded by section 1542 of the California Civil Code and all other similar rules, statutes, regulations
and legal principles of any applicable jurisdiction. Section 1542 of the California Civil Code provides that:

 

A
general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time
of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor.

 

Each
party further understands that the facts in respect of which it has granted a release pursuant to this Agreement may hereafter
turn out to be other than or different from the facts now known or believed by each party to be true; and each party hereby accepts
and assumes the risk of the facts turning out to be different and agrees that this Agreement shall be and remain in all respects
effective and not subject to termination or rescission for any reason, including, but not limited to, any such difference in facts.
The parties acknowledge that the provisions of this Section 1.3 were separately negotiated for, and constitute key elements of
this Agreement.

 

    	3

     

    

 

ARTICLE
II.

 

Settlement
Consideration

 

2.1
Exchange. On the Effective Date, pursuant to Section 3(a)(9) of the Securities Act of 1933, as amended (the “1933
Act”), Alpha shall convey, assign and transfer the Senior Convertible Debenture to MagneGas in exchange for which MagneGas
shall immediately direct its transfer agent to issue 1.6 million unrestricted shares (the “Exchange Shares”) of MagneGas’s
common stock, $0.001 par value (the “Common Stock”) as provided for herein (the “Exchange”).

 

2.2
Tender of Senior Convertible Debenture. On or prior to Effective Date, Alpha shall tender to MagneGas a copy (which
may be delivered by facsimile or electronic mail) of the original certificate evidencing the Senior Convertible Debenture (or
a duly executed and delivered lost debenture affidavit, in form and substance reasonably satisfactory to MagneGas) and the Senior
Convertible Debenture shall be free and clear of all Liens (as defined below). On or prior to the second business day after the
Effective Date, Alpha shall deliver the original certificate evidencing the Senior Convertible Debenture (or a duly executed and
delivered lost debenture affidavit, in form and substance reasonably satisfactory to MagneGas) to MagneGas. Upon receipt of the
Exchange Shares as provided for herein, all of Alpha’s rights under the Senior Convertible Debenture shall be extinguished.
“Liens” shall mean any security or other property interest or right, claim, lien, pledge, option, charge, security
interest, contingent or conditional sale, or other title claim or retention agreement, interest or other right or claim of third
parties, whether perfected or not perfected, voluntarily incurred or arising by operation of law, and including any agreement
(other than this Agreement) to grant or submit to any of the foregoing in the future; provided that “Liens” shall
not include (i) any “Lien” on the Senior Convertible Debenture imposed by any MagneGas Person, (ii) any transfer restrictions
imposed by any applicable law or (iii) any transfer restrictions or similar rights or obligations set forth in the Senior Convertible
Debenture or any agreement ancillary thereto.

 

    	4

     

    

 

2.3
Delivery of Exchange Shares. In exchange for the Senior Convertible Debenture, MagneGas shall credit the Exchange Shares
to Alpha or its designee’s balance account with the Depository Trust Company (“DTC”) in accordance with the
DTC instructions delivered by Alpha to MagneGas on or prior to the Effective Date (provided that, to the extent any such instruction
is delivered after the Effective Date, such event shall not relieve MagneGas of any of its obligations hereunder). On the Effective
Date, Alpha shall be deemed for all corporate purposes to have become the holder of record of the Exchange Shares, irrespective
of the date such Exchange Shares are credited to the Investor’s or its designee’s balance account with DTC in accordance
herewith.

 

2.4
Further Documentation. MagneGas and Alpha shall execute and/or deliver such other documents and agreements as are customary
and reasonably necessary to effectuate the Exchange on the terms provided herein.

 

2.5
No Short-Selling. So long as Alpha beneficially owns any of the Exchange Shares, neither Alpha nor any entity affiliated
with Alpha shall, directly or indirectly, sell “short” (as defined in Regulation SHO of the 1934 Act) any securities
in MagneGas.

 

    	5

     

    

 

2.6
Leak-out. During the period commencing on the Effective Date and ending on February 28, 2018, neither Alpha nor any
of its Affiliates (as defined below), collectively, shall sell, directly or indirectly, on any trading day, more than 15 percent
of the daily average composite trading volume of the Common Stock as reported by Bloomberg, LP at a price per share less than
$0.40 per share (subject to adjustment for any stock splits or combinations, stock dividends, recapitalizations or similar event
after the date hereof). For the avoidance of doubt, the parties acknowledge and agree that there will be no restrictions on Alpha’s
ability to sell shares at a price above $0.40 (subject to adjustment for any stock splits or combinations, stock dividends, recapitalizations
or similar event after the date hereof). “Affiliate” means, with respect to any specified Person, (a) any other Person
who or which, directly or indirectly, controls, is controlled by, or is under common control with such specified Person, including,
without limitation, any partner, officer, director, member of such Person and any fund now or hereafter existing that is controlled
by or under common control with one or more general partners or managing members of, or shares the same management company with,
such Person, or (b) if such Person is a natural person, such Person’s spouse, lineal descendant (including any adopted child
or adopted grandchild) or other family member, or a custodian or trustee of any trust, partnership or limited liability company
for the benefit of, in whole or in part, or the ownership interests of which are, directly or indirectly, controlled by, such
Person or any other member or members of such Person’s family.

 

ARTICLE
III.

 

MagneGas’s
Representations and Warranties

 

3.1
Organization, Good Standing and Qualification. MagneGas hereby represents and warrants to Alpha that MagneGas is a
corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. MagneGas is duly qualified
to transact business and is in good standing in each jurisdiction in which the failure to so qualify would have a material adverse
effect on its business or properties.

 

3.2
Authorization. MagneGas hereby represents and warrants to Alpha that all corporate action on the part of its officers,
directors and stockholders necessary for the authorization, execution and delivery of this Agreement and the performance of all
obligations of MagneGas hereunder, and the authorization of the Exchange and the issuance of the Exchange Shares, have been taken
on or prior to the Effective Date.

 

    	6

     

    

 

3.3
Valid Issuance of the Exchange Shares. MagneGas hereby represents and warrants to Alpha that Exchange Shares when issued
and delivered in accordance with the terms of this Agreement, for the consideration expressed herein, will be duly and validly
issued, fully paid and non-assessable. Subject to the truth and accuracy of Alpha’s representations set forth herein, the
Exchange Shares are freely tradeable and shall not be required to bear any 1933 Act legend.

 

3.4
Offering. Subject to the truth and accuracy of Alpha’s representations set forth in Section 4.2 and 4.4 herein,
MagneGas hereby represents and warrants to Alpha that the offer and issuance of the Exchange Shares as contemplated by this Agreement
are exempt from the registration requirements of the 1933 Act and the qualification or registration requirements of state securities
laws or other applicable blue sky laws. Neither MagneGas nor any authorized agent acting on its behalf will take any action hereafter
that would cause the loss of such exemptions.

 

3.5
Compliance With Laws. MagneGas hereby represents and warrants to Alpha that MagneGas has not violated any law or any
governmental regulation or requirement which violation has had, or would reasonably be expected to have, a material adverse effect
on its business, and MagneGas has not received written notice of any such violation.

 

3.6
Consents; Waivers. MagneGas hereby represents and warrants to Alpha that no consent, waiver, approval or authority
of any nature, or other formal action, by any Person (as defined in the Securities Purchase Agreement), not already obtained,
is required in connection with the execution and delivery of this Agreement by MagneGas or the consummation by MagneGas of the
transactions provided for herein.

 

    	7

     

    

 

3.7
Acknowledgment Regarding Alpha’s Purchase of Securities. MagneGas acknowledges and agrees that Alpha is acting
solely in the capacity of arm’s-length purchaser with respect to this Agreement and the other documents entered into in
connection herewith (collectively, the “Transaction Documents”) and the transactions contemplated hereby and that
Alpha is not (a) an officer or director of MagneGas, (b) an “affiliate” of MagneGas (as defined in Rule 144 promulgated
under the 1933 Act), or (c) to the knowledge of MagneGas, a “beneficial owner” of more than 10 percent of the shares
of Common Stock (as defined for purposes of Rule 13d-3 of the 1934 Act). MagneGas further acknowledges that Alpha is not acting
as a financial advisor or fiduciary of MagneGas (or in any similar capacity) with respect to the Transaction Documents and the
transactions contemplated hereby, and any advice given by Alpha or any of its representatives or agents in connection with the
Transaction Documents and the transactions contemplated hereby, is merely incidental to Alpha’s acceptance of the Exchange
Shares. MagneGas further represents to Alpha that MagneGas’s decision to enter into the Transaction Documents has been based
solely on the independent evaluation of MagneGas and its representatives.

 

3.8
No Group. MagneGas acknowledges that, to MagneGas’s knowledge, Alpha is acting independently in connection with
this Agreement and the transactions contemplated hereby, and is not acting as part of a “group” as such term is defined
under Section 13(d) of the 1933 Act and the rules and regulations promulgated thereunder.

 

3.9
Validity; Enforcement; No Conflicts. MagneGas hereby represents and warrants to Alpha that this Agreement and each
Transaction Document to which MagneGas is a party have been duly and validly authorized, executed and delivered on behalf of MagneGas
and shall constitute the legal, valid and binding obligations of MagneGas enforceable against MagneGas in accordance with their
respective terms, except as such enforceability may be limited by general principles of equity or to applicable bankruptcy, insolvency,
reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable
creditors’ rights and remedies. The execution, delivery and performance by MagneGas of this Agreement, each Transaction
Document to which MagneGas is a party and the consummation by MagneGas of the transactions contemplated hereby will not (a) result
in a violation of the organizational documents of MagneGas, (b) conflict with, or constitute a default (or an event which with
notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration
or cancellation of, any agreement, indenture or instrument to which MagneGas is a party or by which it is bound, or (c) result
in a violation of any law, rule, regulation, order, judgment or decree (including federal and state securities or “blue
sky” laws) applicable to MagneGas, except in the case of clause (b) above, for such conflicts, defaults or rights which
would not, individually or in the aggregate, reasonably be expected to have a material adverse effect on the ability of MagneGas
to perform its obligations hereunder.

 

3.10
Disclosure. Other than as set forth in the 8-K Filing (as defined below), MagneGas confirms that neither it nor any
other Person acting on its behalf has provided Alpha or its agents or counsel with any information that constitutes or could reasonably
be expected to constitute material, nonpublic information. MagneGas understands and confirms that Alpha will rely on the foregoing
representations in effecting transactions in the Exchange Shares.

 

    	8

     

    

 

ARTICLE
IV.

 

Alpha’s
Representation and Warranties

 

4.1
Authorization. Alpha hereby represents and warrants to MagneGas that Alpha has full power and authority to enter into
this Agreement, to perform its obligations hereunder and to consummate the transactions contemplated hereby and has taken all
action necessary to authorize the execution and delivery of this Agreement, the performance of its obligations hereunder and the
consummation of the transactions contemplated hereby.

 

4.2
Accredited Investor Status; Investment Experience. Alpha hereby represents and warrants to MagneGas that Alpha is an
“accredited investor” as that term is defined in Rule 501(a) of Regulation D. Alpha can bear the economic risk of
its investment in the Exchange Shares, and has such knowledge and experience in financial and business matters that it is capable
of evaluating the merits and risks of an investment in the Exchange Shares.

 

4.3
Reliance on Exemptions. Alpha hereby represents and warrants to MagneGas that Alpha understands that the Exchange Shares
are being offered and issued to it in reliance on specific exemptions from the registration requirements of United States federal
and state securities laws and that MagneGas is relying in part upon the truth and accuracy of, and Alpha’s compliance with,
certain of the representations, warranties, agreements, acknowledgments and understandings of Alpha set forth herein in order
to determine the availability of such exemptions and the eligibility of Alpha to acquire the Exchange Shares.

 

4.4
Information. Alpha hereby represents and warrants to MagneGas that Alpha and its advisors, if any, have been furnished
with all materials relating to the business, finances and operations of MagneGas and materials relating to the offer and issuance
of the Exchange Shares which have been requested by Alpha. Alpha and its advisors, if any, have been afforded the opportunity
to ask questions of MagneGas. Neither such inquiries nor any other due diligence investigations conducted by Alpha or its advisors,
if any, or its representatives shall modify, amend or affect Alpha’s right to rely on MagneGas’s representations and
warranties contained herein. Alpha understands that its investment in the Exchange Shares involves a high degree of risk. Alpha
has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment decision with respect
to its acquisition of the Exchange Shares. Alpha is relying solely on its own accounting, legal and tax advisors, and not on any
statements of MagneGas or any of its agents or representatives, for such accounting, legal and tax advice with respect to its
acquisition of the Exchange Shares and the transactions contemplated by this Agreement.

 

    	9

     

    

 

4.5
No Governmental Review. Alpha hereby represents and warrants to MagneGas that Alpha understands that no United States
federal or state agency or any other government or governmental agency has passed on or made any recommendation or endorsement
of the Exchange Shares or the fairness or suitability of the investment in the Exchange Shares nor have such authorities passed
upon or endorsed the merits of the offering of the Exchange Shares.

 

4.6
Validity; Enforcement; No Conflicts. Alpha hereby represents and warrants to MagneGas that this Agreement and each
Transaction Document to which Alpha is a party have been duly and validly authorized, executed and delivered on behalf of Alpha
and shall constitute the legal, valid and binding obligations of Alpha enforceable against Alpha in accordance with their respective
terms, except as such enforceability may be limited by general principles of equity or to applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable creditors’
rights and remedies. The execution, delivery and performance by Alpha of this Agreement, each Transaction Document to which Alpha
is a party and the consummation by Alpha of the transactions contemplated hereby will not (a) result in a violation of the organizational
documents of Alpha, (b) conflict with, or constitute a default (or an event which with notice or lapse of time or both would become
a default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any agreement, indenture
or instrument to which Alpha is a party, or (c) result in a violation of any law, rule, regulation, order, judgment or decree
(including federal and state securities or “blue sky” laws) applicable to Alpha, except in the case of clause (b)
above, for such conflicts, defaults or rights which would not, individually or in the aggregate, reasonably be expected to have
a material adverse effect on the ability of Alpha to perform its obligations hereunder.

 

    	10

     

    

 

4.7
Ownership of Senior Convertible Debenture. Alpha hereby represents and warrants to MagneGas that Alpha owns and holds,
beneficially and of record, the entire right, title and interest in and to the Senior Convertible Debenture free and clear of
all Liens (as defined above). Alpha has full power and authority to transfer and dispose of the Senior Convertible Debenture to
MagneGas free and clear of any Lien. Other than the transactions contemplated by this Agreement, there is no outstanding vote
of the shareholders of Alpha or, or to the knowledge of Alpha, plan, pending proposal, or other right of any Person to acquire
all or any part of the Senior Convertible Debenture.

 

4.8
No Consideration Paid. Alpha hereby represents and warrants to MagneGas that no commission or other remuneration has
been paid by Alpha (or any of its agents or affiliates) to MagneGas related to the Exchange.

 

    	11

     

    

 

ARTICLE
V.

 

Covenants

 

5.1
Disclosure. On or before 9:30 a.m. Eastern on the first business day after the Effective Date, MagneGas shall issue
a Current Report on Form 8-K (the “8-K Filing”) disclosing all material terms of the transactions contemplated hereby
in form and substance that has been provided to Alpha on or prior to the Effective Date and that is reasonably acceptable to Alpha.
From and after the issuance of the 8-K Filing, Alpha shall not seek any material, nonpublic information from MagneGas or any of
its respective officers, directors, employees or agents, that is not disclosed in the 8-K Filing. Neither MagneGas nor any of
its officers, directors, employees or agents shall provide Alpha with any material, nonpublic information regarding MagneGas from
and after the filing of the 8-K Filing without the express written consent of Alpha. MagneGas shall not disclose the name of Alpha
in any filing, announcement, release or otherwise, unless such disclosure is required by law or regulation. In addition, effective
upon the filing of the 8-K Filing, MagneGas acknowledges and agrees that any and all confidentiality or similar obligations under
any agreement, whether written or oral, between MagneGas, any of its subsidiaries or any of their respective officers, directors,
affiliates, employees or agents, on the one hand, and Alpha or any of its affiliates, on the other hand, shall terminate.

 

5.2
Listing. MagneGas shall promptly secure the listing or designation for quotation (as applicable) of all of the Exchange
Shares upon each national securities exchange and automated quotation system, if any, upon which the Common Stock is then listed
or designated for quotation (as applicable) subject to official notice of issuance. MagneGas shall pay all fees and expenses in
connection with satisfying its obligations under this Section 5.2.

 

5.3
Holding Period. In accordance with the Legal Opinion provided or to be provided by counsel for MagneGas, for the purposes
of Rule 144 of the 1933 Act, MagneGas acknowledges that the holding period of the Senior Convertible Debenture may be tacked onto
the holding period of the Exchange Shares and MagneGas agrees not to take a position contrary to this Section 5.3.

 

    	12

     

    

 

ARTICLE
VI.

 

Miscellaneous

 

6.1
Entire Agreement. This Agreement sets forth the entire agreement between the parties with respect to the subject matter
hereof. Except as otherwise expressly stated herein, it supersedes any and all prior agreements relating thereto. There are no
other understandings or agreements between or among the parties with respect to the subject matter hereof except as otherwise
set forth herein.

 

6.2
No Oral Modification. No condition or provision of this Agreement may be modified, waived or revised in any way except
in a writing executed by the parties and referring specifically to this Agreement.

 

6.3
Binding Effect. This Agreement and all rights and duties set forth herein shall be binding upon and inure to the benefit
of the parties hereto, as well as their respective permitted successors and assigns. Neither party hereto may assign this Agreement
in whole or in part or delegate any of its obligations hereunder without the prior written consent of such other party. Any purported
assignment or delegation in violation of the foregoing shall be void ab initio.

 

6.4
Governing Law; Venue. This Agreement and its interpretation and performance (whether in contract, tort or otherwise)
shall be governed by the laws of the State of New York without giving effect to the conflict of law rules of that or any other
State. For purposes of litigating any dispute that arises under or related to this Agreement, the parties hereby submit and consent
to the exclusive jurisdiction of the State of New York, and agree that such litigation will be conducted exclusively in a state
or federal court of competent jurisdiction located within the County of New York in the State of New York.

 

6.5
Partial Invalidity. In the event any provision of this Agreement is held to be contrary to or invalid under the laws
of any country, state, municipality or other jurisdiction, such illegality or invalidity shall not affect in any way any of the
other provisions hereof, all of which shall continue in full force and effect.

 

    	13

     

    

 

6.6
Captions. The captions set forth in this Agreement are intended solely for the parties’ convenience and ease
of reference and are not intended to modify, limit, describe or affect in any way the scope, content or intent of this Agreement.

 

6.7
Signatures. This Agreement may be executed simultaneously or in counterparts, each of which shall be deemed to be an
original, but all of which shall constitute one and the same instrument. The parties agree that signatures by facsimile or PDF
shall be deemed original signatures.

 

6.8
No Duress. The parties hereto acknowledge and agree that they have entered into this Agreement and have executed it
without duress or coercion, and have done so with the full advice of counsel. Each party further acknowledges and agrees that
no other party has made any representations, warranties, promises, or agreements not set forth herein and no party relies in any
way on any representation, warranty, statement of fact or opinion, understanding, disclosure or non-disclosure not set forth herein
in entering into this Agreement and executing it, and that no party has been induced in any way, except for the consideration,
representations, warranties, statements and covenants recited herein, to enter into this Agreement.

 

6.9
Construction and Enforcement. The terms of this Agreement are the product of negotiations between the parties through
their respective counsel, and the parties agree that those terms shall be construed without regard to any presumption or other
rule requiring construction against the party causing this Agreement to be drafted.

 

6.10
No Waiver. The failure of any party to this Agreement to exercise and/or delay in exercising any power or right hereunder
shall not operate as a waiver thereof, nor shall any single or partial exercise of any such power or right preclude any other
or further exercise of any other power or right hereunder. Further, the waiver by any party to this Agreement of any right or
remedy hereunder on any occasion shall not be construed as a waiver of any such right or remedy on any future occasion.

 

    	14

     

    

 

6.11
No Admissions. The parties’ execution of this Agreement or any of the individual terms thereof shall not be construed
or otherwise deemed to be an admission or acknowledgement by any party of any wrongful or improper act or conduct, nor of any
liability to any other party. This Agreement shall not be taken or used, or be deemed admissible evidence, in any action or proceeding
except to enforce the terms of this Agreement.

 

6.12
Notices. All notices, requests, demands or other communications required or contemplated hereunder or relating hereto
shall be in writing and forwarded by personal delivery, by regular first class mail, overnight delivery or email as follows and
shall be deemed effective upon the earlier of (a) receipt, and (b) if sent by regular first class mail certified and/or return
receipt requested, three business days from the date of mailing and if sent overnight delivery with evidence of such mailing,
on the next business day:

 

	 	a.	If
    to MagneGas:
	 	 	 
	 	 	MagneGas
    Corporation
	 	 	11885
    44th Street N.
	 	 	Clearwater,
    FL 33762
	 	 	Attn:
    Mr. Ermanno Santilli, CEO
	 	 	 
	 	 	with
    a copy (which shall not constitute notice) to:
	 	 	 
	 	 	William
    S. Gyves, Esq.
	 	 	Kelley
    Drye & Warren LLP
	 	 	101
    Park Avenue
	 	 	New
    York, New York 10178

 

    	15

     

    

 

	 	b.	If
    to Alpha:
	 	 	 
	 	 	Alpha
    Capital Anstalt
	 	 	Pradafant
    7, LI-9490 Vaduz
	 	 	Furstentum
    Liechtenstein
	 	 	Attn:
    Mr. Konrad Ackermann, Director
	 	 	 
	 	 	with
    copies (which shall not constitute notice) to:
	 	 	 
	 	 	LH
    Financial Services Corp.
	 	 	510
    Madison Avenue
	 	 	Suite
    1400
	 	 	New
    York, NY 10022
	 	 	Attn:
    Mr. Arie Rabinowitz
	 	 	 
	 	 	-and-
	 	 	 
	 	 	Rebecca
    Kahan Waldman, Esq.
	 	 	Dechert
    LLP
	 	 	1095
    Avenue of the Americas
	 	 	New
    York, NY 10036-6797

 

    	16

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date written above.

 

	MAGNEGAS CORPORATION	Date:
    November 30, 2017
	 	 	 
	By:	/s/
    Ermanno     Santilli	 
	Name:	Ermanno
    Santilli	 
	Title:	Chief
    Financial Officer	 

 

	ALPHA CAPITAL ANSTALT	Date:
    November 30, 2017
	 	 
	By:	/s/
    Konrad     Ackermann	 
	Name:	Konrad
    Ackermann	 
	Title:	Director	 

 

    	17

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