Document:

Exhibit 4.1

 

AMENDMENT
NO. 1 TO WARRANT AGREEMENT

 

THIS
AMENDMENT NO. 1 TO WARRANT AGREEMENT (this “Amendment”) is hereby entered into between Sensus Healthcare,
Inc., a Delaware corporation (the “Company”), and American Stock Transfer & Trust Company, LLC, a New York
limited liability trust company, as Warrant Agent (the “Warrant Agent”) as of June 4, 2019 (the “Effective
Date”).

 

WITNESSETH:

 

WHEREAS,
the Company previously issued warrants (the “Warrants”) pursuant to that certain Warrant Agreement (the “Warrant
Agreement”), dated as of June 8, 2016, to acquire shares of Common Stock of the Company, par value $0.01 per share,
in connection with the Company’s initial public offering; and

 

WHEREAS,
the Warrants are set to expire on June 8, 2019 if not exercised prior to such date; and

 

WHEREAS,
the Company and Warrant Agent desire to extend the exercise period of the Warrants until June 8, 2020.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt
and adequacy of which is hereby acknowledged, the Company and Warrant Agent hereby agree that the terms of the Warrant are hereby
modified and, to the extent inconsistent with the terms of the Warrant superseded as follows:

 

1.           Amendment to Warrant Agreement. In accordance with Section 3(b) of the Warrant Agreement, the Expiration Date for
the Warrants is hereby extended to June 8, 2020.

 

2.           Capitalized Terms. Capitalized terms herein shall have the meanings ascribed to them in the Warrant Agreement, except as
otherwise expressly provided in this Amendment.

 

3.           Effect of Amendment. Except and to the extent modified by this Amendment, the provisions of the Warrant Agreement shall
remain in full force and effect and are hereby incorporated into and made a part of this Amendment as if fully stated herein.

 

[SIGNATURE
PAGE FOLLOWS]

 

     

     

    

 

IN
WITNESS WHEREOF, the Company and Warrant Agent have caused this Amendment to be executed as of the Effective Date. 

	 	 	 	 
	 	SENSUS HEALTHCARE, INC.	 
	 	 	 	 
	 	By:	/s/ Arthur Levine	 
	 	Name:	Arthur Levine	 
	 	Title:	Chief Financial Officer	 
	 	 	 	 
	 	AMERICAN STOCK TRANSFER &
    	 
	 	TRUST COMPANY, LLC	 
	 	 	 	 
	 	By:	/s/Michael Legregin	 
	 	Name:	Michael Legregin	 
	 	Title:	SVP	 

 

Signature
Page To Amendment No. 1 to Warrant AgreementExhibit 4.4

 

	NUMBER	SHARES
	 	 
	______C	 

 

NESCO
HOLDINGS, INC.

 

INCORPORATED
UNDER THE LAWS OF THE STATE OF DELAWARE

 

COMMON
STOCK

 

SEE
REVERSE FOR

CERTAIN DEFINITIONS

 

	This Certifies that	CUSIP
	 	 
	is the owner of	 

 

FULLY
PAID AND NON-ASSESSABLE SHARES OF THE PAR VALUE OF $0.0001 EACH OF THE COMMON STOCK OF

 

NESCO
HOLDINGS, INC.

 

transferable
on the books of the Corporation in person or by duly authorized attorney upon surrender of this  certificate properly
endorsed. 

This
certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar.

	Dated:	 	 
	 	 	 
	 	 	 
	CHAIRMAN	 	SECRETARY

 

 

     
 

     

    

 

The
following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were
written out in full according to applicable laws or regulations:

 

	TEN
    COM	—	as
    tenants in common	 	UNIF
    GIFT

 MIN ACT	—	 	Custodian	 
	 	 	 	 	 	(Cust)	 	(Minor)
	TEN
    ENT	—	as
    tenants by the entireties	 	 	 	under
    Uniform Gifts to Minors Act
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	JT
    TEN	—	as
    joint tenants with right of survivorship and not as tenants in common	 	 	 	(State)

 

Additional
abbreviations may also be used though not in the above list.

 

Nesco
Holdings, Inc.

 

The
Corporation will furnish without charge to each stockholder who so requests the powers, designations, preferences and relative,
participating, optional or other special rights of each class of stock or series thereof of the Corporation and the qualifications,
limitations, or restrictions of such preferences and/or rights. This certificate and the shares represented thereby are issued
and shall be held subject to all the provisions of the certificate of incorporation and all amendments thereto and resolutions
of the Board of Directors providing for the issue of shares of preferred stock (copies of which may be obtained from the secretary
of the Corporation), to all of which the holder of this certificate by acceptance hereof assents.

 

For
value received, ___________________________ hereby sell, assign and transfer unto

 

PLEASE
INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING
NUMBER OF ASSIGNEE

   

	 	 
	 	 
	 	 

 

	 
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE)
	 
	 
	 
	 	
	 	 shares

 

of
the capital stock represented by the within Certificate, and do hereby irrevocably constitute and appoint

 

	 	 	 Attorney
	to transfer the said stock on the books of the within named Corporation will full power of substitution in the premises.
	 
	Dated 	 ______________

 

			
	 	 
	 	Notice:	The
                                         signature to this assignment must correspond with the name as written upon the face of
                                         the certificate in every particular, without alteration or enlargement or any change
                                         whatever.

 

Signature(s)
Guaranteed:

 

	
	 
	 	 
	THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION
	(BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH
	MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM,
	PURSUANT TO S.E.C. RULE 17Ad-15).Exhibit
4.5

 

	NUMBER ________-
	(SEE
                                         REVERSE SIDE FOR LEGEND)

        THIS
        WARRANT WILL BE VOID IF NOT EXERCISED 

PRIOR TO THE EXPIRATION DATE (DEFINED BELOW)
	WARRANTS

 

NESCO
HOLDINGS, INC.

 

CUSIP
[______]

 

WARRANT

 

THIS
CERTIFIES THAT, for value received

 

is
the registered holder of a warrant or warrants (the “Warrant(s)”) to purchase one fully paid and non-assessable share
of common stock, par value $0.0001 per share (“Common Stock”), of Nesco Holdings, Inc., a Delaware corporation (the
“Company”), expiring at 5:00 p.m., New York City time, on the earlier to occur of (i) the five year anniversary (the
“Expiration Date”) of the date of the Company’s Amended & Restated Warrant Agreement, dated as of [●],
2019 (the “Warrant Agreement”) and (ii) the Redemption Date (as defined in the Warrant Agreement) as provided in Section
6.2 of the Warrant Agreement. The Warrant entitles the holder thereof to purchase from the Company, commencing on the date that
is thirty days from the date of the Company’s Warrant Agreement and terminating on the Expiration Date, such number of shares
of Common Stock of the Company at the price of $11.50 per share, upon surrender of this Warrant Certificate and payment of the
Warrant Price at the office or agency of the Warrant Agent, Continental Stock Transfer & Trust Company, but only subject to
the conditions set forth herein and in the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company.
In no event will the Company be required to net cash settle the warrant exercise. The Warrant Agreement provides that upon the
occurrence of certain events the Warrant Price and the number of Warrant Shares purchasable hereunder, set forth on the face hereof,
may, subject to certain conditions, be adjusted. The term Warrant Price as used in this Warrant Certificate refers to the price
per share at which shares of Common Stock may be purchased at the time the Warrant is exercised.

 

No
fraction of a share will be issued upon any exercise of a Warrant. If the holder of a Warrant would be entitled to receive a fraction
of a share upon any exercise of a Warrant, the Company shall, upon such exercise, round up to the nearest whole number the number
of shares of Common Stock to be issued to such holder.

 

Upon
any exercise of the Warrant for less than the total number of full shares of Common Stock provided for herein, there shall be
issued to the registered holder hereof or the registered holder’s assignee a new Warrant Certificate covering the number
of shares of Common Stock for which the Warrant has not been exercised.

 

Warrant
Certificates, when surrendered at the office or agency of the Warrant Agent by the registered holder hereof in person or by attorney
duly authorized in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but
without payment of any service charge, for another Warrant Certificate or Warrant Certificates of like tenor and evidencing in
the aggregate a like number of Warrants.

 

Upon
due presentment for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant
Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants shall be issued to
the transferee in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant Agreement, without
charge except for any applicable tax or other governmental charge.

 

The
Company and the Warrant Agent may deem and treat the registered holder as the absolute owner of this Warrant Certificate (notwithstanding
any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution
to the registered holder, and for all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice
to the contrary.

 

This
Warrant does not entitle the registered holder to any of the rights of a shareholder of the Company.

 

The
Company reserves the right to call the Warrant at any time prior to its exercise, with a notice of call in writing to the holders
of record of the Warrant, giving 30 days’ notice of such call at any time after the Warrant becomes exercisable if the last
sale price of the Common Stock has been at least $18.00 per share on each of 20 trading days within any 30 trading day period
ending on the third business day prior to the date on which notice of such call is given, if, and only if, there is a current
registration statement in effect with respect to the shares of Common Stock underlying the Warrant. The call price of the Warrants
is to be $.01 per Warrant. Any Warrant either not exercised or tendered back to the Company by the end of the date specified in
the notice of call shall be canceled on the books of the Company and have no further value except for the $0.01 call price.

 

	By	      	 	 
	 	Secretary	 	Chairman
    of the Board
	 

 

     
 

     

    

 

SUBSCRIPTION
FORM

To
Be Executed by the Registered Holder in Order to Exercise Warrants

 

The
undersigned Registered Holder irrevocably elects to exercise ______________ Warrants represented by this Warrant Certificate,
and to purchase the Common Stock issuable upon the exercise of such Warrants, and requests that Certificates for such shares shall
be issued in the name of

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

and
be delivered to ________________________________________________________________________________________________

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

	and,
    if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate
    for the balance of such Warrants be registered in the name of, and delivered to, the Registered Holder at the address stated
    below:

 

	Dated:		 	 
	 	 	(SIGNATURE)
	 	 	 	 
	 	 	 	(ADDRESS)
	 	 	 	 
	 	 	 	 
	 	 	 	(TAX
    IDENTIFICATION NUMBER)

 

ASSIGNMENT

To
Be Executed by the Registered Holder in Order to Assign Warrants

 

For
Value Received, _______________________ hereby sell, assign, and transfer unto

 

	(PLEASE
    TYPE OR PRINT NAME AND ADDRESS)
	 
	 

(SOCIAL
SECURITY OR TAX IDENTIFICATION NUMBER)

and
be delivered to ________________________________________________________________________________________________

(PLEASE
PRINT OR TYPE NAME AND ADDRESS)

 

______________________
of the Warrants represented by this Warrant Certificate, and hereby irrevocably constitute and appoint Attorney to transfer this
Warrant Certificate on the books of the Company, with full power of substitution in the premises.

 

	Dated:	 	 	 
	 	 	 	(SIGNATURE)

 

	The
                                         signature to the assignment of the Subscription Form must correspond to the name written
                                         upon the face of this Warrant Certificate in every particular, without alteration or
                                         enlargement or any change whatsoever, and must be guaranteed by a commercial bank or
                                         trust company or a member firm of the American Stock Exchange, New York Stock Exchange,
                                         Pacific Stock Exchange or Chicago Stock Exchange.

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