Document:

EX-10.1

 Exhibit 10.1 

EXECUTION COPY 

EXTENSION AND INCREASE AMENDMENT TO SENIOR SECURED 

SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT 

EXTENSION AND INCREASE AMENDMENT TO SENIOR SECURED SUPERPRIORITY DEBTOR-IN-POSSESSION CREDIT AGREEMENT, dated as of October 20, 2016
(this “Amendment”), is entered into by and among Energy Future Intermediate Holding Company LLC, a Delaware limited liability company (“EFIH”), EFIH Finance Inc., a Delaware corporation (“EFIH
Finance” and, together with EFIH, the “Borrowers”), Deutsche Bank AG New York Branch, as administrative agent and collateral agent (the “Administrative Agent”) and the undersigned Lenders (as defined in the
Credit Agreement). 
 PRELIMINARY STATEMENTS: 

WHEREAS, the Borrowers, the Administrative Agent and the Lenders entered into that certain Senior Secured Superpriority Debtor-in-Possession
Credit Agreement, dated as of June 19, 2014, (as amended, restated, extended, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”; capitalized terms used but not otherwise defined in this
Amendment have the same meanings as specified in the Credit Agreement); 
 WHEREAS, the Borrowers, the undersigned Lenders and the
Administrative Agent have agreed to amend the Credit Agreement as hereinafter set forth; 
 WHEREAS, the Borrowers have requested that
certain financial institutions signatory hereto (in such capacity, the “2016 Additional Lenders”) collectively provide term loan commitments (the “2016 Additional Term Loan Commitments”) hereunder, and make term
loans pursuant hereto, in an aggregate principal amount of $75.0 million (the “2016 Additional Term Loans”) and each 2016 Additional Lender is prepared to provide a portion of such 2016 Additional Term Loans on, and subject to the
occurrence of, the Extension and Increase Amendment Effective Date (as defined below), in the respective amounts set forth on Annex A hereto; 

WHEREAS, Deutsche Bank Securities Inc. (“DBSI”) is acting as the sole lead arranger and sole bookrunner for this Amendment
and the 2016 Additional Term Loans; 
 NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration (the
receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby agree as follows: 
 SECTION 1. Amendments to Credit
Agreement. The Credit Agreement is, effective as of the date hereof and subject to the satisfaction (or waiver by the Administrative Agent) of the conditions precedent set forth in Section 4, hereby amended as follows: 

(a) Schedule 1.1(a) of the Credit Agreement is hereby amended and restated in its entirety as set forth on Annex B hereto. 

 (b) Section 1.1 of the Credit Agreement shall be amended by adding the following new
definitions thereto in proper alphabetical order: 
 “2016 Additional Term Loans” shall mean the loans made by the
Lenders pursuant to the Extension and Increase Amendment and in accordance with Section 2.13(h) of this Agreement. 

“Bail-In Action” shall mean the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution
Authority in respect of any liability of an EEA Financial Institution. 
 “Bail-In Legislation” shall mean,
with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in the
EU Bail-In Legislation Schedule. 
 “EEA Financial Institution” shall mean (a) any credit institution or
investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of
this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its
parent;  
 “EEA Member Country” shall mean any of the member states of the European Union, Iceland, Liechtenstein,
and Norway. 
 “EEA Resolution Authority” shall mean any public administrative authority or any person entrusted
with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Engagement Letter” shall mean that certain Engagement Letter, dated as of August 31, 2016, among DBSI and EFIH. 

“EU Bail-In Legislation Schedule” shall mean the EU Bail-In Legislation Schedule published by the Loan Market
Association (or any successor person), as in effect from time to time. 
 “Extension and Increase Amendment” shall
mean that certain Extension and Increase Amendment to Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of October 20, 2016, among the Borrowers, the Administrative Agent and certain Lenders. 

“Extension and Increase Amendment Effective Date” shall mean the date on which all of the conditions contained in
Section 4 of the Extension and Increase Amendment have been satisfied (or waived by the Administrative Agent). 

“Write-Down and Conversion Powers” shall mean, with respect to any EEA Resolution Authority, the write-down and
conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule. 

  
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 (c) The definition of “Loans” in Section 1.1 of the Credit Agreement is hereby
amended and restated as follows: 
 “Loan” shall mean any Term Loan or 2016 Additional Term Loan, in each case made by any
Lender hereunder. 
 (d) The definition of “Maturity Date” in Section 1.1 of the Credit Agreement is hereby amended and
restated as follows: 
 “Maturity Date” shall mean the earliest to occur of (a) June 30, 2017; provided,
however, that the Maturity Date shall be subject to a six-month extension as requested by the Borrower, if (1) as of the first day of such extension no Event of Default is continuing, (2) an Acceptable Reorganization Plan has been
filed or confirmed, (3) to the extent not confirmed, a hearing has been scheduled for the confirmation of such Acceptable Reorganization Plan, (4) to the extent not confirmed, the EFIH Debtors are working in good faith to confirm such
Acceptable Reorganization Plan, (5) the Borrower pays an extension fee in the amount of 0.25% of the then outstanding Term Loan Commitments and Loans on the date of such payment to the Administrative Agent for distribution to the Lenders on a
pro rata basis based on the respective Term Loan Commitments and Loans held by each Lender, and (6) the maturity date of each Incremental Facility shall be simultaneously extended to a date not earlier than such extended Maturity Date
(subclauses (1) through (6), the “Extension Conditions”); (b) the effective date of any Reorganization Plan; (c) the consummation of a sale of all or substantially all of the EFIH Debtors’ assets or stock under
section 363 of the Bankruptcy Code; or (d) the acceleration of any Loans and the termination of any then outstanding Term Loan Commitments in accordance with the terms of this Agreement; provided, however, that the Maturity Date
will occur in any event no later than December 30, 2017. 
 (e) The definition of “Lender Default” shall be amended by
deleting “or” immediately prior to sub-clause (ii) of clause (c) and adding the following sub-clause (iii) before the “.” at the end of the definition: 

“, or (iii) become the subject of a Bail-In Action”. 

(f) A new Section 2.13(h) shall be added that states as follows: 

Notwithstanding anything to the contrary in this Section 2.13, the Borrower may, on the Extension and Increase Amendment Effective
Date, request an increase in the outstanding Term Loans (which increase shall be pari passu with the Term Loans outstanding immediately prior to the Extension and Increase Amendment Effective Date and shall be subject to the same terms and
conditions as such Term Loans) in an aggregate principal amount not to exceed $75,000,000 (the “Increase”), provided that immediately after giving effect to the Increase, no Default or Event of Default shall exist and at the
time that any such Increase is made or effected (and after giving effect thereto), the conditions in Section 5.15 shall be satisfied (or waived by the Administrative Agent). 

(g) A new Section 11.22 shall be added that states as follows: 

11.22 Acknowledgement and Consent to Bail-In of EEA Financial Institutions. 

  
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Notwithstanding anything to the contrary in any Credit Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability
of any EEA Financial Institution arising under any Credit Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities
arising hereunder which may be payable to it by any party hereto that is an EEA Financial Institution; and 
 (b) the effects of any Bail-in
Action on any such liability, including, if applicable: 
 (i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution, its
parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this
Agreement or any other Credit Document; or 
 (iii) the variation of the terms of such liability in connection with the exercise of the
write-down and conversion powers of any EEA Resolution Authority. 
 SECTION 2. 2016 Additional Term Loans. Subject to the
satisfaction (or waiver by the Administrative Agent) of the conditions precedent set forth in Section 4, on and as of the Extension and Increase Amendment Effective Date (as defined below): 

(h) Each 2016 Additional Lender that is an existing Lender under the Credit Agreement hereby agrees that upon, and subject to the occurrence
of the Extension and Increase Amendment Effective Date, such Lender’s Term Loan Commitment shall be increased, as contemplated by Section 2.13(h) of the Credit Agreement (after giving effect to the amendments in Section 1 hereof), by
the amount set forth opposite such Lender’s name under the heading “2016 Additional Term Loan Commitment” on Annex A hereto. 

(i) Each 2016 Additional Lender that is not an existing Lender under the Credit Agreement hereby agrees that upon, and subject to the
occurrence of the Extension and Increase Amendment Effective Date, such Lender shall be deemed to be, and shall become, a “Lender” for all purposes of, and subject to all obligations of a “Lender” under, the Credit Agreement and
the other Credit Documents, and shall have a Term Loan Commitment that is equal to the amount set forth opposite such Lender’s name under the heading “2016 Additional Term Loan Commitment” on Annex A hereto. The Borrowers and
the Administrative Agent hereby agree that from and after the Extension and Increase Amendment Effective Date, each such 2016 Additional Lender shall be deemed to be, and shall become, a “Lender” for all purposes of, and with all the
rights and remedies of a “Lender” under, the Credit Agreement and the other Credit Documents (after giving effect to this Amendment). From and after the Extension and Increase Amendment Effective Date, each reference in the Credit
Agreement to any Lender’s Term Loan Commitment shall mean its Term Loan Commitment as committed or increased pursuant to this Amendment and as set forth opposite its name on Annex A hereto under the heading “2016 Additional Term
Loan Commitment”. 

  
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 (j) Each Additional Lender hereby agrees to make the 2016 Additional Term Loans to the Borrowers
on the Extension and Increase Amendment Effective Date in a principal amount equal to its Term Loan Commitment (as set forth opposite its name on Annex A hereto under the heading “2016 Additional Term Loan Commitment”). 

(k) Notwithstanding anything in this Amendment to the contrary, the 2016 Additional Term Loans shall be subject to the same terms and
conditions as, and shall be deemed to be, “Loans” made under the Credit Agreement (after giving effect to the amendments in Section 1 hereof). 

SECTION 3. Reference to and Effect on the Credit Documents. 

(a) On and after the Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
“hereof” or words of like import referring to the Credit Agreement, and each reference in the other Credit Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the
“Credit Agreement”, shall mean and be a reference to the Credit Agreement, as amended by this Amendment. 
 (b) The Credit
Agreement, as specifically amended by this Amendment, and the other Credit Documents are, and shall continue to be, in full force and effect, and are hereby in all respects ratified and confirmed. 

(c) Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any
right, power or remedy of any Lender or the Administrative Agent under the Credit Agreement or any other Credit Document, nor shall it constitute a waiver of any provision of the Credit Agreement or any Credit Document. 

(d) This Amendment shall be deemed a Credit Document for all purposes under the Credit Agreement. 

SECTION 4. Conditions of Effectiveness. This Amendment shall become effective on the date on which the following conditions shall have
been satisfied (or waived by the Administrative Agent) (the “Effective Date”): 
 (a) The Administrative Agent shall have
received counterparts of this Amendment executed by the Borrowers, the Lenders, the 2016 Additional Lenders and any Replacement Lenders (as defined below) on, or prior to, 5:00 p.m., New York City time on October 13, 2016 (the “Consent
Deadline”); 
 (b) The Administrative Agent shall have received a notice of borrowing (i) prior to 1:00 p.m. (New York City
time) at least three Business Days prior to the Extension and Increase Amendment Effective Date if all or any of the 2016 Additional Term Loans are to be initially LIBOR Loans, and (ii) prior to 10:00 a.m. (New York City time) on the Extension
and Increase Amendment Effective Date if all or any of the 2016 Additional Term Loans are to be ABR Loans, in each case specifying (x) the aggregate principal amount of 2016 Additional Term 

  
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Loans to be made, (y) the date of the Borrowing and (z) whether the 2016 Additional Term Loans shall consist of ABR Loans and/or LIBOR Loans and, if the 2016 Additional Term Loans are
to include LIBOR Loans, the Interest Period to be initially applicable thereto; 
 (c) After giving effect to this Amendment and the
transactions contemplated hereby, the representations and warranties set forth in Section 6 of the Credit Agreement (as amended by this Amendment) are true and correct in all material respects as of the Effective Date, with the same effect as
though made on and as of such date, except to the extent such representations and warranties (i) 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) or (ii) are already qualified as to “materiality”, “Material Adverse Effect” or similar language (in which case such representations and warranties shall be true and correct in all respects), and
immediately prior to and after giving effect to the Effective Date, no Default or Event of Default shall have occurred and be continuing; 

(d) The Administrative Agent shall have received a certificate of the secretary or an assistant secretary of the Borrowers confirming
compliance with the conditions precedent set forth in clause (c) of this Section 4; 
 (e) An order or orders, in form and
substance reasonably satisfactory to the Administrative Agent, approving (i) the Engagement Letter and (ii) this Amendment (collectively, the “Approval Orders”) (x) shall have been entered by the Bankruptcy Court in
the Cases, upon motion and in form and substance reasonably satisfactory to the Administrative Agent, and (y) shall be in full force and effect and shall not have been reversed, modified, amended, stayed or vacated, and in the case of
modification or amendment, in a manner that is adverse to the Lenders, without the consent of the Administrative Agent; 
 (f) The
Administrative Agent shall have received the executed customary legal opinion (which legal opinion will address customary matters for a debtor-in-possession financing) of Kirkland & Ellis LLP, special New York counsel to the Borrower; 

(g) The Administrative Agent shall have received (i) a copy of the resolutions of the board of directors, other managers or general
partner of each Borrower (or a duly authorized committee thereof) authorizing the execution, delivery and performance of the Amendment (and any agreements relating thereto) and the amendments contemplated hereunder and (ii) true and complete
copies of the Organizational Documents of each Borrower as of the Effective Date; 
 (h) The Borrowers shall have paid all reasonable and
documented costs and expenses of the Administrative Agent in connection with this Amendment (including the reasonable and documented fees, disbursements and other charges of Shearman & Sterling LLP as counsel to the Administrative Agent);

 (i) DBSI shall have received the fees due and payable on the Effective Date pursuant to the Engagement Letter; 

(j) The Administrative Agent shall have received payment from or on behalf of the Borrowers for the account of each Existing Lender or New
Lender (each as defined below) that has executed and delivered a counterpart of this Amendment at or prior to 5:00 p.m., New York City time, on October 13, 2016, a fee in an amount equal to 0.125% of the aggregate principal amount of the Loans
held by such Existing Lender or New Lender immediately after giving effect to this Amendment; and 

  
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 (k) The Administrative Agent shall have received payment from or on behalf of the Borrowers for
the account of each 2016 Additional Lender a fee in an amount equal to 0.125% of the aggregate principal amount of the 2016 Additional Term Loans made by such 2016 Additional Lender; provided that, for the avoidance of doubt, no 2016
Additional Lender shall be entitled to receive any fee provided for in Section 4(j) hereof in respect of its 2016 Additional Term Loans. 

SECTION 5. Representations and Warranties . Each of the Borrowers hereby represents and warrants to the Administrative Agent that,
subject to the entry of the Approval Orders and the terms thereof: 
 (a) on and as of the date hereof (i) it has all requisite
corporate or other organizational power and authority to enter into and perform its obligations under this Amendment and the Credit Agreement as amended hereby and (ii) this Amendment has been duly authorized, executed and delivered by it; and

 (b) this Amendment, and the Credit Agreement as amended hereby, constitute legal, valid and binding obligations of such party,
enforceable against it in accordance with their respective terms, subject only to any limitation under Laws relating to (i) bankruptcy, insolvency, reorganization, moratorium or creditors’ rights generally; and (ii) general equitable
principles including the discretion that a court may exercise in the granting of equitable remedies. 
 SECTION 6. Replacement
Lenders. If any Lender declines or fails to consent to this Amendment by returning an executed counterpart of this Amendment to the Administrative Agent prior to the Consent Deadline, then pursuant to and in compliance with the terms of
Section 11.7 of the Credit Agreement, such Lender may be replaced and its commitments and/or obligations purchased and assumed by either a new lender (a “New Lender”) or an existing Lender which is willing to consent to this
Amendment (an “Existing Lender” and, together with any New Lender, the “Replacement Lenders”) upon execution of this Amendment (which will also be deemed to be the execution of an Assignment and Acceptance Agreement
substantially in the form of Exhibit A hereto). 
 SECTION 7. Costs and Expenses. The Borrowers agree that all reasonable and
documented out-of-pocket expenses incurred by the Administrative Agent in connection with the preparation, execution, delivery and administration, modification and amendment of this Amendment and the other instruments and documents to be delivered
hereunder or in connection herewith (including, without limitation, the reasonable fees, charges and disbursements of counsel for the Administrative Agent), are expenses that the Borrowers are required to pay or reimburse pursuant to
Section 11.5 of the Credit Agreement. 
 SECTION 8. Execution in Counterparts. This Amendment may be executed in one or more
counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission
of an executed counterpart of a signature page to this Amendment, including by email with a pdf copy hereof attached, shall be effective as delivery of an original executed counterpart of this Amendment. 

  
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 SECTION 9. Reaffirmation by Borrowers. Each Borrower hereunder unconditionally and
irrevocably (a) ratifies and reaffirms as of the date hereof all of its payment and performance obligations, contingent or otherwise, under each of the Credit Documents and (b) ratifies and reaffirms as of the date hereof each grant of a
Lien on, or security interest in, its property made pursuant to the Credit Documents and confirms that such Liens and security interests continue to have full force and effect at law, notwithstanding this Amendment and the amendments to the Credit
Agreement effected hereby, to secure the Obligations under the Credit Documents, subject to the terms thereof. 
 SECTION 10. GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK AND TO THE EXTENT APPLICABLE, THE BANKRUPTCY CODE. 

SECTION 11. WAIVER OF RIGHT OF TRIAL BY JURY. EACH PARTY TO THIS AMENDMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY
CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER THIS AMENDMENT, OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THE CREDIT AGREEMENT AS AMENDED HEREBY, OR THE
TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE
DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 11 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO
TRIAL BY JURY. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 8 

 IN WITNESS WHEREOF, the parties have caused this Extension and Increase Amendment to
Senior Secured Superpriority Debtor-in-Possession Credit Agreement to be executed by their respective authorized officers as of the date first above written. 

 

			
	Energy Future Intermediate Holding Company LLC,
	as a Borrower
		
	By:	 	/s/ Anthony R. Horton
		 	Name: Anthony R. Horton
		 	 Title:   Executive Vice President, Chief Financial Officer and
Treasurer

	
	EFIH Finance Inc.,
	as a Borrower
		
	By:	 	/s/ Anthony R. Horton
		 	Name: Anthony R. Horton
		 	 Title:   Executive Vice President, Chief Financial Officer and
Treasurer

 Signature Page to Extension and Increase Amendment to 

Senior Secured Superpriority Debtor-in-Possession Credit Agreement 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as Administrative Agent and Collateral Agent
		
	By:	 	/s/ Marcus M. Tarkington
		 	Name: Marcus M. Tarkington
		 	Title: Director
		
	By:	 	/s/ Peter Cucchiara
		 	Name: Peter Cucchiara
		 	Title: Vice President

  
 Signature Page to Extension and
Increase Amendment to 
 Senior Secured Superpriority Debtor-in-Possession Credit Agreement 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as 2016 Additional Lender
		
	By:	 	/s/ Marcus M. Tarkington
		 	Name:  Marcus M. Tarkington
		 	Title:    Director
		
	By:	 	/s/ Peter Cucchiara
		 	Name:  Peter Cucchiara
		 	Title:    Vice President

  
 Signature Page to Extension and
Increase Amendment to 
 Senior Secured Superpriority Debtor-in-Possession Credit Agreement 

 [LENDER SIGNATURE PAGES ON FILE WITH ADMINISTRATIVE AGENT] 

 
 Signature Page to Extension and Increase Amendment to 

Senior Secured Superpriority Debtor-in-Possession Credit Agreement 

 ANNEX A 
  

					
	
2016 Additional Lender
  
	 	
2016 Additional
 Term
Loan
 Commitment
	 	
Commitment

Percentage

	 Deutsche
Bank AG New York Branch
	 	$75,000,000 	 	100%
	
Total
	 	$75,000,000 	 	100%

 ANNEX B 

[ON FILE WITH ADMINISTRATIVE AGENT] 

 EXHIBIT A 

FORM OF ASSIGNMENT AND ACCEPTANCE 

This Assignment and Acceptance (this “Assignment and Acceptance”) is dated as of the Effective Date set forth below and is
entered into by and between [the][each]5 Assignor identified in item 1 below ([the][each, an] “Assignor”) and [the][each]6
Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood and agreed that the rights and obligations of [the Assignors][the Assignees]7 hereunder are
several and not joint.]8 Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, modified or supplemented from
time to time, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto (the “Standard Terms and Conditions”)
are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Acceptance as if set forth herein in full. 

For an agreed consideration, [the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and
[the][each] Assignee hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below (i) all of [the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities as Lenders] under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the respective Assignors] under the respective
facilities9 identified below and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of [the Assignor (in its capacity as
a Lender)][the respective Assignors (in their respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or
the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to
the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii) above being referred to herein
collectively as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by
[the][any] Assignor. 
  
  
  

 
  

 

	5 	For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose
the second bracketed language. 

	6 	For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the
second bracketed language. 

	7 	Select as appropriate. 

	8 	Include bracketed language if there are either multiple Assignors or multiple Assignees. 

	9 	Include all applicable subfacilities. 

					
	1.	  	Assignor[s]:	 	_______________________________________
			
		  		 	_______________________________________
			
	2.	  	Assignee[s]:	 	_______________________________________
			
		  		 	_______________________________________
		  	[for each Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]
			
	3.	  	Borrower:	 	Energy Future Intermediate Holding Company LLC and EFIH Finance Inc.
		
	4.	  	Administrative Agent: Deutsche Bank AG New York Branch., as the Administrative Agent under the Credit Agreement
		
	5.	  	Credit Agreement: Senior Secured Superpriority Debtor-in-Possession Credit Agreement, dated as of June 19, 2014, among Energy Future Intermediate Holding Company LLC, EFIH Finance Inc., the Lenders from time
to time party thereto and Deutsche Bank AG New York Branch, as Administrative Agent and Collateral Agent
			
	6.	  	Assigned Interest:	 	

  

																							
	Assignor[s]10	  	Assignee[s]11	  	 Facility

Assigned12
	 	  	 Aggregate

Amount of
 Commitment /
Loans

for all Lenders13
	 	  	 Amount of

Commitment /
Loans

Assigned
	 	  	 Percentage

Assigned of
 Commitment /

Loans14
	 	  	 CUSIP

Number
	 
	 	  	 	  	 	 	 	  	 	$_______	  	  	 	$_________	  	  	 	________%	  	  	 	 	 
	 	  	 	  	 	 	 	  	 	$_______	  	  	 	$_________	  	  	 	________%	  	  	 	 	 
	 	  	 	  	 	 	 	  	 	$_______	  	  	 	$_________	  	  	 	________%	  	  	 	 	 

  

	[7.	Trade Date: ______________]15 

  

 
  
  

 
  

 

	10 	List each Assignor, as appropriate. 

	11 	List each Assignee, as appropriate. 

	12 	Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g. “Term Loan Commitment”, etc.). 

	13 	Amounts in this column and in the column immediately to the right to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

	14 	Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder. 

	15 	To be completed if the Assignor and the Assignee intend that the minimum assignment amount is to be determined as of the Trade Date. 

 Effective Date: __________, 20____ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE
OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Acceptance are hereby agreed to: 

 

			
	ASSIGNOR
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	 Title:

	
	ASSIGNEE
	[NAME OF ASSIGNOR]
		
	By:	 	 
		 	 Title:

  
  
  

			
	Consented to and Accepted:
	
	DEUTSCHE BANK AG NEW YORK BRANCH,
	as Administrative Agent
		
	By:	 	 
		 	Title:

  

			
	Consented to:16
		
	By:	 	 
		 	Title:

  

	16 	Insert for the Borrower or any other entity whose consent is required under the credit agreement. 

 ANNEX 1 TO ASSIGNMENT AND ACCEPTANCE 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 

1. Representations and Warranties. 

1.1. Assignor. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this
Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any
other Credit Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries
or Affiliates or any other Person obligated in respect of any Credit Document, or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any
Credit Document. 
 1.2. Assignee. [The][Each] Assignee (a) represents and warrants that (i) it has full power and
authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to
be an assignee under Section 11.6(b)(ii) and (iii) and (v) of the Credit Agreement (subject to such consents, if any, as may be required under Section 11.6(b)(i) of the Credit Agreement), (iii) from and
after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is
sophisticated with respect to decisions to acquire assets of the type represented by [the][such] Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire [the][such] Assigned Interest, is experienced in
acquiring assets of such type, (v) it has received a copy of the Credit Agreement and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 8.1 of the
Credit Agreement, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance and to purchase [the][such] Assigned Interest, (vi) it
has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and
Acceptance and to purchase [the][such] Assigned Interest and (vii) it is not a Disqualified Institution; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent, [the][any] Assignor or any
other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Documents, and (ii) it will perform in accordance with
their terms all of the obligations which by the terms of the Credit Documents are required to be performed by it as a Lender. 
 2.
Payments. From and after the Effective Date, the Administrative Agent shall make all payments in respect of [the][each] Assigned Interest (including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignor for
amounts which have accrued to but excluding the Effective Date and to [the][the relevant] Assignee for amounts which have accrued from and after the Effective Date. 

 3. General Provisions. This Assignment and Acceptance shall be binding upon, and inure to
the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a
signature page of this Assignment and Acceptance by telecopy or other electronic transmission shall be effective as delivery of a manually executed counterpart of this Assignment and Acceptance. This Assignment and Acceptance and the rights and
obligations of the parties hereunder shall be governed by, and construed and interpreted in accordance with, the law of the State of New York and, to the extent applicable, the Bankruptcy Code.THIS
WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.
THIS WARRANT AND THE SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED
IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT OR APPLICABLE EXEMPTION OR SAFE HARBOR PROVISION.

 

COMMON
STOCK PURCHASE WARRANT

DOCUMENT
W-10052016

 

CAR
CHARGING GROUP, INC.

 

	Warrant
    Shares: 714,285	Initial
    Issue Date: October 13, 2016
	Aggregate
    Exercise Amount: $500,000	 

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, JMJ Financial, its Principal,
or its assigns (the “Investor” or the “Holder”) is entitled, upon the terms and subject
to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial
Exercise Date”) and on or prior to the close of business on the five (5) year anniversary of the Initial Exercise Date
(as subject to adjustment hereunder, the “Termination Date”), to subscribe for and purchase from Car Charging
Group, Inc., a Nevada corporation (the “Issuer” or the “Company”), shares of common stock
of the Company (the “Common Stock”). The purchase price of one share of Common Stock under this Warrant shall
be equal to the Exercise Price, as defined in Section 1.2. The number of shares of Common Stock purchasable under this Warrant
(the “Warrant Shares”) shall be equal to the Aggregate Exercise Amount divided by the Exercise Price.

 

ARTICLE
1 EXERCISE RIGHTS

 

The
Holder will have the right to exercise this Warrant to purchase shares of Common Stock as set forth below. Capitalized terms used
and not otherwise defined herein shall have the meanings set forth in that certain Securities Purchase Agreement Document SPA-10052016
dated October 7, 2016 between the Company and the Holder (the “Securities Purchase Agreement”).

 

1.1       Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, from and after the
Initial Exercise Date, and then at any time, by delivery to the Company’s transfer agent or to the Company (or such other
office or agency of the Company as it may designate by notice in writing to the registered Holder at the address of the Holder
appearing on the books of the Company) of a duly executed facsimile or emailed copy of the Notice of Exercise form annexed hereto.
Within three (3) business days following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise Price
for the shares specified in the applicable Notice of Exercise by wire transfer or check drawn on a United States bank unless the
cashless exercise procedure specified in Section 1.3 below is specified in the applicable Notice of Exercise. Partial exercises
of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available hereunder shall have the effect
of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to the applicable number of Warrant
Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant Shares purchased and the date
of such purchases. The Company shall deliver any objection to any Notice of Exercise form within 24 hours of receipt of such notice.
The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of this paragraph,
following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for purchase hereunder
at any given time may be less than the amount stated on the face hereof.

 

1.2       Exercise
Price. The exercise price per share of Common Stock under this Warrant shall be the lesser of (i) 80% of the per share price
of common stock in the Public Offering, (ii) $0.70 per share, (iii) 80% of the unit price offering price in the Public Offering
(if applicable), (iv) the exercise price of any warrants issued in the Public Offering, or (v) the lowest conversion price, exercise
price, or exchange price of any security issued by the Company that is outstanding on the Initial Issue Date of this Warrant,
in each case subject to adjustment hereunder (the “Exercise Price”). The aggregate exercise price is $500,000.

 

    	 	1	 

     

    

 

1.3       Cashless
Exercise. The Holder may exercise this Warrant, in whole or in part, at any time after the Initial Exercise Date and prior
to the Termination Date by means of a “cashless exercise” in which the Holder shall be entitled to receive a number
of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A)
    =	 the
    VWAP on the trading day immediately preceding the date on which Holder elects to exercise this Warrant by means of a “cashless
    exercise,” as set forth in the applicable Notice of Exercise;
	 	 	 
	 	(B)
    = 	the
    Exercise Price of this Warrant, as adjusted hereunder; and 
	 	 	 
	 	(X)
    = 	the
    number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant
    if such exercise were by means of a cash exercise rather than a cashless exercise.

 

1.4       Termination.
On the Termination Date, if all or any portion of this Warrant remains unexercised, the Termination Date shall be automatically
extended for two years.

 

1.5       Delivery
of Warrant Shares. Warrant Shares purchased hereunder will be delivered to Holder by 2:30 pm EST within two (2) business days
of Notice of Exercise by “DWAC/FAST” electronic transfer (such date, the “Warrant Share Delivery Date”).
For example, if Holder delivers a Notice of Exercise to the Company at 5:15 pm eastern time on Monday January 1st,
the Company’s transfer agent must deliver shares to Holder’s broker via “DWAC/FAST” electronic transfer
by no later than 2:30 pm eastern time on Wednesday January 3rd. The Warrant Shares shall be deemed to have been issued,
and Holder or any other person so designated to be named therein shall be deemed to have become a holder of record of such shares
for all purposes, as of the date of delivery of the Notice of Exercise. The Company will make its best efforts to deliver the
Warrant Shares to the Holder the same day or next day.

 

1.6       Delivery
of Warrant. The Holder shall not be required to physically surrender this Warrant to the Company. If the Holder has purchased
all of the Warrant Shares available hereunder and the Warrant has been exercised in full, this Warrant shall automatically be
cancelled without the need to surrender the Warrant to the Company for cancellation. If this Warrant shall have been exercised
in part, the Company shall, at the request of Holder and upon surrender of this Warrant, at the time of delivery of the Warrant
Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called
for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant and, for purposes of Rule 144,
shall tack back to the original date of this Warrant.

 

1.7       Warrant
Exercise Rescission Rights. For any reason in Holder’s sole discretion, including if the Warrant Shares are not delivered
by DWAC/FAST electronic transfer or in accordance with the timeframe stated in Section 1.5, or for any other reason, Holder may,
at any time prior to selling those Warrant Shares rescind such exercise, in whole or in part, in which case the Company must,
within three (3) days of receipt of notice from the Holder, repay to the Holder the portion of the exercise price so rescinded
and reinstate the portion of the Warrant and equivalent number of Warrant Shares for which the exercise was rescinded and, for
purposes of Rule 144, such reinstated portion of the Warrant and the Warrant Shares shall tack back to the original date of this
Warrant. If Warrant Shares were issued to Holder prior to Holder’s rescission notice, upon return of payment from the Company,
Holder will, within three (3) days of receipt of payment, commence procedures to return the Warrant Shares to the Company.

 

    	 	2	 

     

    

 

1.8       Compensation
for Buy-In on Failure to Timely Deliver Certificates Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause its transfer agent to transmit to the Holder the Warrant Shares on or before the Warrant Share Delivery
Date, and if after such date the Holder is required by its broker to purchase (in an open market transaction or otherwise) or
the Holder’s brokerage firm otherwise purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder
of the Warrant Shares which the Holder anticipated receiving upon such exercise (a “Buy-In”), then the Company
shall (A) pay in cash to the Holder the amount, if any, by which (x) the Holder’s total purchase price (including brokerage
commissions and other fees, if any) for the shares of Common Stock so purchased exceeds (y) the amount obtained by multiplying
(1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection with the exercise at issue
times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B) at the option of the
Holder, either (x) reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise was not
honored (in which case such exercise shall be deemed rescinded), (y) deliver to the Holder the number of shares of Common Stock
that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder, or (z) pay in
cash to the Holder the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver
to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such purchase
obligation was executed. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect
of the Buy-In and, upon request of the Company, evidence of the amount of such loss.

 

1.9       Make-Whole
for Market Loss after Exercise. At the Holder’s election, if the Company fails for any reason to deliver to the Holder
the Warrant Shares by DWAC/FAST electronic transfer (such as by delivering a physical certificate) and if the Holder incurs a
Market Price Loss, then at any time subsequent to incurring the loss the Holder may provide the Company written notice indicating
the amounts payable to the Holder in respect of the Market Price Loss and the Company must make the Holder whole as follows:

 

Market
Price Loss = [(High trade price on the day of exercise) x (Number of Warrant Shares)] – [(Sales price realized by Holder)
x (Number of Warrant Shares)]

 

The
Company must pay the Market Price Loss by cash payment, and any such cash payment must be made by the third business day from
the time of the Holder’s written notice to the Company.

 

1.10       Make-Whole
for Failure to Deliver Loss. At the Holder’s election, if the Company fails for any reason to deliver to the Holder
the Warrant Shares by the Warrant Share Delivery Date and if the Holder incurs a Failure to Deliver Loss, then at any time the
Holder may provide the Company written notice indicating the amounts payable to the Holder in respect of the Failure to Deliver
Loss and the Company must make the Holder whole as follows:

 

Failure
to Deliver Loss = [(High trade price at any time on or after the day of exercise) x (Number of Warrant Shares)]

 

The
Company must pay the Failure to Deliver Loss by cash payment, and any such cash payment must be made by the third business day
from the time of the Holder’s written notice to the Company.

 

    	 	3	 

     

    

 

1.11       Default.
Each of the following are an event of default under this Warrant: (i) the Issuer shall fail to deliver shares from any exercise
of this Warrant when due and payable thereunder; or (ii) the Issuer shall fail to pay any cash or other amount due under this
Warrant when due and payable thereunder; or (iii) the Issuer shall breach or fail to honor any other term of this Warrant, any
term under any other document related to this Warrant, or any other written agreement between the Issuer and the Investor (collectively,
the “Transaction Documents”), including, without limitation, the Issuer’s obligation to reserve at all
times a sufficient number of shares to provide for the issuance of common stock upon the full exercise of the Warrant pursuant
to Section 3.2 of the Securities Purchase Agreement; or (iv) the Issuer fails to keep available a sufficient number of authorized,
unissued and unreserved shares of common stock (other than shares of common stock reserved for the Investor) to permit the Investor
to increase its share reserve to such number of shares as equals not less than five times the number of shares necessary to provide
for full exercise of Warrants owned by the Investor; or (v) the Issuer’s failure to increase the number of authorized shares
of common stock of the Issuer within sixty days of having a number of authorized, unissued, and unreserved shares of common stock
(excluding shares of common stock reserved for the Investor) of less than three times the number of shares necessary to provide
for the issuance of common stock upon full exercise of the warrants owned by the Investor; or (vi) the Issuer terminates or replaces
the entity or person serving as the transfer agent for the Issuer without obtaining the previous written consent of the Investor
thirty days in advance of such termination or replacement; or (vii) the Issuer’s failure to appoint a new transfer agent
approved by the Investor (such approval not to be unreasonably withheld) and to provide the Investor, within five business days
following termination, resignation or replacement of the current transfer agent, an irrevocable instruction and share reservation
letter, executed by the Issuer and the new transfer agent, providing rights to the Investor identical to the rights provided to
the Investor in the irrevocable instruction and share reservation letter between the Issuer, the Investor, and the terminated,
resigned or replaced transfer agent; or (viii) the Issuer generally fails to pay, or admits in writing its inability to pay, its
debts as they become due, subject to applicable grace periods, if any; or (ix) the Issuer shall make a general assignment for
the benefit of creditors; or (x) the Issuer shall file a petition for relief under any bankruptcy, insolvency or similar law (domestic
or foreign); or (xi) an involuntary proceeding shall be commenced or filed against the Issuer; or (xii) the Issuer’s common
stock has an offering price of $0.0001 on its principal trading market at any time; or (xiii) the Issuer’s market capitalization
(the number of shares of common stock issued and outstanding multiplied by the price per share of common stock) is less than $200,000
at any time or decreases to less than 50% of the market capitalization on the Effective Date of any payment of Consideration under
the Note; or (xiv) the price per share of the Issuer’s common stock decreases to less than 50% of the price per share on
the Effective Date of any payment of Consideration; or (xv) the Issuer shall lose its status as “DTC Eligible” or
the Issuer’s shareholders shall lose the ability to deposit (either electronically or by physical certificates, or otherwise)
shares into the DTC System; or (xvi) the Issuer shall become delinquent in its filing requirements as a fully-reporting issuer
registered with the SEC; or (xvii) the Issuer shall fail to meet, within 90 days of the Effective Date, all requirements to satisfy
the availability of Rule 144 to the Investor or its assigns including but not limited to timely fulfillment of its filing requirements
as a fully-reporting issuer registered with the SEC, requirements for XBRL filings, requirements for disclosure of financial statements
on its website, and the filing of a Form 8-A registration statement with the SEC registering the Issuer’s common stock under
the Securities Exchange Act of 1934; or (xviii) the Issuer fails to file with the SEC by November 4, 2016 the Preliminary Schedule
14C Proxy or Information Statement notifying the Issuer’s shareholders that the Issuer’s board of directors and a
majority of the Issuer’s outstanding voting securities have approved the Reverse Split; or (xix) the Issuer fails to file
with the SEC by December 15, 2016 the Definitive Schedule 14C Proxy or Information Statement notifying the Issuer’s shareholders
that the Issuer’s board of directors and a majority of the Issuer’s outstanding voting securities have approved the
Reverse Split; or (xx) the Issuer fails to file the Registration Statement with the SEC by November 14, 2016; or (xxi) the Issuer
fails to file with the SEC by December 15, 2016 Amendment No. 1 to the Registration Statement; or (xxii) the reverse split of
the Issuer’s common stock fails to become effective by January 15, 2017; or (xxiii) the Issuer fails to obtain from Nasdaq
or NYSE by February 28, 2017 conditional approval of the listing of the Issuer’s common stock on The Nasdaq Capital Market
or NYSE-MKT subject only to completion of the Public Offering pursuant to the Registration Statement and to the Issuer’s
common stock maintaining the minimum price requirements prior to uplisting; or (xxiv) the Issuer terminates the engagement letter
in which the Issuer engaged Joseph Gunnar & Co., LLC to conduct the public offering of the Issuer’s securities pursuant
to the Registration Statement; or (xxv) the Issuer suspends pursuit of the public offering of the Issuer’s securities pursuant
to the Registration Statement; or (xxvi) if Joseph Gunnar & Co., LLC terminates the engagement letter with the Issuer or suspends
pursuit of the public offering of the Issuer’s securities pursuant to the Registration Statement, the Issuer fails, within
thirty days after Joseph Gunnar & Co., LLC’s termination or suspension, to engage another investment bank to conduct
the Public Offering; or (xxvii) if Joseph Gunnar & Co., LLC terminates the engagement letter with the Issuer or suspends pursuit
of the public offering of the Issuer’s securities pursuant to the Registration Statement, the Issuer fails to repay this
Note within sixty days, but no later than February 15, 2017, after Joseph Gunnar & Co., LLC’s termination or suspension.

 

    	 	4	 

     

    

 

1.12.       Remedies.
For each notice of exercise of a warrant, in the event that shares are not delivered by the third business day (inclusive of the
day of exercise), a fee of $2,000 per day will be assessed for each day after the third business day (inclusive of the day of
exercise) until share delivery is made; and such fee will be added to the Aggregate Exercise Amount of the Warrant (under the
Investor’s and the Issuer’s expectations that any penalty amounts will tack back to the Initial Issue Date of the
Warrant). The Issuer will not be subject to any penalties once its transfer agent correctly processes the shares to the DWAC system.
Upon each occurrence of any other event of default enumerated in Section 1.11 above, the Investor may asses and apply a fee against
the Issuer of $25,000 (for the avoidance of doubt, the fee shall be a maximum of $25,000 even if there are multiple other events
of default and shall not be a fee of $25,000 upon each event of default) at any time any Aggregate Exercise Amount remains outstanding
on this Warrant, regardless of whether such event of default has been cured or remedied. The parties agree that the fee shall
be added to the Aggregate Exercise Amount of the Warrant and shall tack back to the Initial Issue Date of the Warrant for purposes
of Rule 144. The Investor agrees that for each Event of Default that triggers a remedy under this Section, the Investor may apply
the liquidated damages amount to either the Note or the Warrant, at its election, but shall not apply duplicated liquidated damages
to both the Note and the Warrant for the same occurrence of an Event of Default. The parties acknowledge and agree that upon an
event of default, Investor’s damages would be uncertain and difficult (if not impossible) to accurately estimate because
of the parties’ inability to predict future interest rates and future share prices, Investor’s increased risk, and
the uncertainty of the availability of a suitable substitute investment opportunity for Investor, among other reasons. Accordingly,
any fees, charges, and default interest due under this Note or any other Transaction Document between the parties are intended
by the parties to be, and shall be deemed, liquidated damages. The parties agree that such liquidated damages are a reasonable
estimate of Investor’s actual damages and not a penalty, and shall not be deemed in any way to limit any other right or
remedy Investor may have hereunder, at law or in equity. The parties acknowledge and agree that under the circumstances existing
at the time this Note is entered into, such liquidated damages are fair and reasonable and are not penalties. All fees, charges,
and default interest provided for in this Note and the Transaction Documents are agreed to by the parties to be based upon the
obligations and the risks assumed by the parties as of the Effective Date and are consistent with investments of this type. The
liquidated damages provisions shall not limit or preclude a party from pursuing any other remedy available at law or in equity;
provided, however, that the liquidated damages are intended to be in lieu of actual damages.

 

1.13       Choice
of Remedies. Nothing herein, including, but not limited to, Holder’s electing to pursue its rights under Sections 1.9,
1.10 or 1.12 of this Warrant, shall limit a Holder’s right to pursue any other remedies available to it hereunder, at law
or in equity including, without limitation, a decree of specific performance and/or injunctive relief. In this regard, the Company
hereby agrees that the Holder will be entitled to obtain specific performance and/or injunctive relief with respect to any default
under this Warrant, including, without limitation, with respect to the Issuer’s failure to timely deliver shares of Common
Stock upon exercise of the Warrant as required pursuant to the terms hereof, or the Issuer’s obligations regarding the reservation
of shares and its transfer agent, including the use, termination, replacement or resignation of the transfer agent and the obligation
to deliver an irrevocable instruction and share reservation letter with any subsequent transfer agent. The Issuer agrees that,
in such event, all requirements for specific performance and/or preliminary and permanent injunctive relief will be satisfied,
including that the Investor would suffer irreparable harm for which there would be no adequate legal remedy. The Issuer further
agrees that it will not object to a court or arbitrator granting or ordering specific performance or preliminary and/or permanent
injunctive relief in the event the Investor demonstrates that the Issuer has failed to comply with any obligation herein. Such
a grant or order may require the Issuer to immediately issue shares to the Investor pursuant to a Notice of Exercise, and/or require
the Issuer to immediately satisfy its obligations regarding the reservation of shares and its transfer agent, including the use,
termination, replacement or resignation of the Issuer’s transfer agent and the obligation to deliver an irrevocable instruction
and share reservation letter with any subsequent transfer agent. The Issuer further expressly waives any right to any bond in
connection with any temporary or preliminary injunction.

 

1.14       Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such shares, all of which taxes and expenses shall be paid by the Company,
and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder. The
Company shall pay all transfer agent fees required for same-day processing of any Notice of Exercise.

 

1.15       Holder’s
Exercise Limitations. Unless otherwise agreed in writing by both the Company and the Holder, at no time will the Holder exercise
any amount of this Warrant to purchase Common Stock that would result in the Holder owning more than 9.99% of the Common Stock
outstanding of the Company (the “Beneficial Ownership Limitation”). Upon the written or oral request of Holder,
the Company shall within twenty-four (24) hours confirm orally and in writing to the Holder the number of shares of Common Stock
then outstanding.

 

    	 	5	 

     

    

 

ARTICLE
2 ADJUSTMENTS

 

2.1       Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues by reclassification
of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that
the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 2.1 shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution
and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

2.2       Public
Offering Price Reset. If the Company closes on the Public Offering, the Exercise Price shall be reduced and only reduced to
equal the Reset Price and consequently the number of Warrant Shares issuable hereunder shall be increased such that the Aggregate
Exercise Amount hereunder, after taking into account the decrease in the Exercise Price, shall be equal to the Aggregate Exercise
Amount prior to such adjustment. The Reset Price is the lesser of (i) 80% of the common stock offering price of the Public Offering,
(ii) 80% of the unit price offering price of the Public Offering, or (iii) the exercise price of any warrants issued in the Public
Offering.

 

2.3       Subsequent
Equity Sales. Until such time up to and including the date on which the Company closes on the Public Offering, if the Company
or any Subsidiary thereof, as applicable, at any time while this Warrant is outstanding, shall sell or grant any option to purchase,
or sell or grant any right to reprice, or otherwise dispose of or issue (or announce any offer, sale, grant or any option to purchase
or other disposition) any Common Stock (including pursuant to the terms of any outstanding securities issued prior to the issuance
of this security (including, but not limited to, warrants, convertible notes, or other agreements)) or any security entitling
the holder thereof (including pursuant to sales, grants, conversions, warrant exercises or other issuances to the Holder as a
result of these Transaction Documents, prior transaction documents, or future transaction documents) to acquire Common Stock,
including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is convertible into
or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock (a “Common Stock
Equivalent”), at an effective price per share less than the Exercise Price then in effect (such lower price, the “Base
Share Price” and such issuances collectively, a “Dilutive Issuance”) (it being understood and agreed
that if the holder of the Common Stock or Common Stock Equivalents so issued shall at any time, whether by operation of purchase
price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants, options
or rights per share which are issued in connection with such issuance, be entitled to receive shares of Common Stock at an effective
price per share that is less than the Exercise Price, such issuance shall be deemed to have occurred for less than the Exercise
Price on such date of the Dilutive Issuance at such effective price regardless of whether such holder has received or ever receives
shares at such effective price), then simultaneously with the consummation of each Dilutive Issuance the Exercise Price shall
be reduced and only reduced to equal the Base Share Price and consequently the number of Warrant Shares issuable hereunder shall
be increased such that the Aggregate Exercise Amount hereunder, after taking into account the decrease in the Exercise Price,
shall be equal to the Aggregate Exercise Amount prior to such adjustment. Such adjustment shall be made whenever such Common Stock
or Common Stock Equivalents are issued; provided, however that this Section 2.3 shall not apply to any Exempt Issuance (as defined
in the Note). The Company shall notify the Holder, in writing, no later than the business day following the issuance or deemed
issuance of any Common Stock or Common Stock Equivalents subject to this Section 2.3, indicating therein the applicable issuance
price, or applicable reset price, exchange price, conversion price and other pricing terms (such notice, the “Dilutive
Issuance Notice”). In addition, the Company and/or its transfer agent shall provide the Holder, whenever the Holder
requests at any time while this Warrant is outstanding, a schedule of all issuances of Common Stock or Common Stock Equivalents
since the date of the Securities Purchase Agreement, including the applicable issuance price, or applicable reset price, exchange
price, conversion price, exercise price and other pricing terms. The term issuances shall also include all agreements to issue,
or prospectively issue Common Stock or Common Stock Equivalents, regardless of whether the issuance contemplated by such agreement
is consummated. The Company shall notify the Holder in writing of any issuances within twenty-four (24) hours of such issuance.
For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 2.3, upon
the occurrence of any Dilutive Issuance, the Holder is entitled to receive a number of Warrant Shares based upon the Base Share
Price regardless of whether the Holder accurately refers to the Base Share Price in the Notice of Exercise. If the Company enters
into a Variable Rate Transaction, the Company shall be deemed to have issued Common Stock or Common Stock Equivalents at the lowest
possible conversion or exercise price at which such securities may be converted or exercised. “Variable Rate Transaction”
means a transaction in which the Company (i) issues or sells any debt or equity securities that are convertible into, exchangeable
or exercisable for, or include the right to receive, additional shares of Common Stock either (A) at a conversion price, exercise
price or exchange rate or other price that is based upon, and/or varies with, the trading prices of or quotations for the shares
of Common Stock at any time after the initial issuance of such debt or equity securities or (B) with a conversion, exercise or
exchange price that is subject to being reset at some future date after the initial issuance of such debt or equity security or
upon the occurrence of specified or contingent events directly or indirectly related to the business of the Company or the market
for the Common Stock or (ii) enters into any agreement, including, but not limited to, an equity line of credit, whereby the Company
may sell securities at a future determined price.

 

    	 	6	 

     

    

 

2.4       Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 2.1 through 2.3 above, if at any time the Company grants,
issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the
record holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled
to acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard
to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date
as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the
Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right
to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and
such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would
not result in the Holder exceeding the Beneficial Ownership Limitation).

 

2.5       Pro
Rata Distributions. If the Company, at any time while this Warrant is outstanding, shall distribute to all holders of Common
Stock (and not to the Holder) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants
to subscribe for or purchase any security other than the Common Stock (which shall be subject to Section 2.4), then in each such
case the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the record date fixed
for determination of stockholders entitled to receive such distribution by a fraction of which the denominator shall be the VWAP
determined as of the record date mentioned above, and of which the numerator shall be such VWAP on such record date less the then
per share fair market value at such record date of the portion of such assets or evidence of indebtedness or rights or warrants
so distributed applicable to one outstanding share of the Common Stock as determined by the Board of Directors in good faith.
In either case the adjustments shall be described in a statement provided to the Holder of the portion of assets or evidences
of indebtedness so distributed or such subscription rights applicable to one share of Common Stock. Such adjustment shall be made
whenever any such distribution is made and shall become effective immediately after the record date mentioned above.

 

2.6       Notice
to Holder. Whenever the Exercise Price is adjusted pursuant to any provision of this Article 2, the Company shall promptly
notify the Holder (by written notice) setting forth the Exercise Price after such adjustment and any resulting adjustment to the
number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ARTICLE
3 COMPANY COVENANTS

 

3.1       Reservation
of Shares. As set forth in Section 3.2 of the Securities Purchase Agreement, the Company will reserve from its authorized
and unissued Common Stock a sufficient number of shares to provide for the issuance of Warrant Shares upon the full exercise of
this Warrant. The Company represents that upon issuance, such Warrant Shares will be duly and validly issued, fully paid and non-assessable.
The Company agrees that its issuance of this Warrant constitutes full authority to its officers, agents and transfer agents who
are charged with the duty of executing and issuing shares to execute and issue the necessary Warrant Shares upon the exercise
of this Warrant. No further approval or authority of the stockholders of the Board of Directors of the Company is required for
the issuance of the Warrant Shares.

 

    	 	7	 

     

    

 

3.2       No
Adverse Actions. Except and to the extent as waived or consented to by the Holder, the Company shall not by any action, including,
without limitation, amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation,
merger, dissolution, issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the
taking of all such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against
impairment. Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares
above the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action
as may be necessary or appropriate in order that the Company may validly and legally issue fully paid and non-assessable Warrant
Shares upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform
its obligations under this Warrant.

 

ARTICLE
4 MISCELLANEOUS

 

4.1       Representation
by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant and, upon any
exercise hereof, will acquire the Warrant Shares issuable upon such exercise, for its own account and not with a view to or for
distributing or reselling such Warrant Shares or any part thereof in violation of the Securities Act or any applicable state securities
law, except pursuant to sales registered or exempted under the Securities Act.

 

4.2       Transferability.
Subject to compliance with any applicable securities laws, this Warrant and all rights hereunder (including, without limitation,
any registration rights) are transferable, in whole or in part, by a written assignment of this Warrant duly executed by the Holder
or its agent or attorney. If necessary to obtain a new warrant for any assignee, the Company, upon surrender of this Warrant,
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination
or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion
of this Warrant not so assigned, and such new Warrants, for purposes of Rule 144, shall tack back to the original date of this
Warrant. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant
Shares without having a new Warrant issued.

 

4.3       Assignability.
The Company may not assign this Warrant. This Warrant will be binding upon the Company and its successors, and will inure to the
benefit of the Holder and its successors and assigns, and may be assigned by the Holder to anyone of its choosing without the
Company’s approval.

 

4.4       Notices.
Any notice required or permitted hereunder must be in writing and either personally served, sent by facsimile or email transmission,
or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission if by facsimile or email,
and if by overnight courier the business day after such notice is deposited with the courier service for delivery.

 

4.5       Governing
Law, Legal Proceedings, and Arbitration. This Warrant will be governed by, construed
and enforced in accordance with the substantive laws of the State of Nevada (including any rights to specific relief provided
for under Nevada statutes), without regard to the conflict of laws principles thereof. The parties hereby warrant and represent
that the selection of Nevada law as governing under this Warrant (i) has a reasonable nexus to each of the Parties and to the
transactions contemplated by the Warrant; and (ii) does not offend any public policy of Nevada, Florida, or of any other state,
federal, or other jurisdiction.

 

Any
action brought by either party against the other arising out of or related to this Warrant, or any other agreements between the
parties, shall be commenced only in the state or federal courts of general jurisdiction located in Miami-Dade County, in the State
of Florida, except that all such disputes between the parties shall be subject to alternative dispute resolution through binding
arbitration at the Investor’s sole discretion and election (regardless of which party initiates the legal proceedings).
The parties agree that, in connection with any
such arbitration proceeding, each shall submit or file any claim which would constitute a compulsory counterclaim within the same
proceeding as the claim to which it relates. Any such claim that is not submitted or filed in such proceeding shall be waived
and such party will forever be barred from asserting such a claim. Both parties and the individuals signing this Note agree to
submit to the jurisdiction of such courts or to such arbitration panel, as the case may be.

 

    	 	8	 

     

    

 

If
the Investor elects alternative dispute resolution by arbitration, the arbitration proceedings shall be conducted in Miami-Dade
County and administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules and Mediation
Procedures in effect on the Issue Date of this Warrant, except as modified by this Warrant. The Investor’s demand for arbitration
shall be made in writing, delivered to the other party, and filed with the American Arbitration Association. The American Arbitration
Association must receive the demand for arbitration prior to the date when the institution of legal or equitable proceedings would
be barred by the applicable statute of limitations, unless legal or equitable proceedings between the parties have already commenced,
and the receipt by the American Arbitration Association of a written demand for arbitration also shall constitute the institution
of legal or equitable proceedings for statute of limitations purposes. The parties shall be entitled to limited discovery at the
discretion of the arbitrator(s) who may, but are not required to, allow depositions. The parties acknowledge that the arbitrators’
subpoena power is not subject to geographic limitations. The arbitrator(s) shall have the right to award individual relief which
he or she deems proper under the evidence presented and applicable law and consistent with the parties’ rights to, and limitations
on, damages and other relief as expressly set forth in this Warrant. The award and decision of the arbitrator(s) shall be conclusive
and binding on all parties, and judgment upon the award may be entered in any court of competent jurisdiction. The Investor reserves
the right, but shall have no obligation, to advance the Issuer’s share of the costs, fees and expenses of any arbitration
proceeding, including any arbitrator fees, in order for such arbitration proceeding to take place, and by doing so will not be
deemed to have waived or relinquished its right to seek the recovery of those amounts from the arbitrator, who shall provide for
such relief in the final award, in addition to the costs, fees, and expenses that are otherwise recoverable. The foregoing agreement
to arbitrate shall be specifically enforceable under applicable law in any court having jurisdiction thereof.

 

4.6       Delivery
of Process by Holder to the Company. In the event of any action or proceeding by Holder against the Company, and only by Holder
against the Company, service of copies of summons and/or complaint and/or any other process which may be served in any such action
or proceeding may be made by Holder via U.S. Mail, overnight delivery service such as FedEx or UPS, email, fax, or process server,
or by mailing or otherwise delivering a copy of such process to the Company at its last known address or to its last known attorney
set forth in its most recent SEC filing.

 

4.7       No
Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof as set forth in Section 1.1. So long as this Warrant is unexercised,
this Warrant carries no voting rights and does not convey to the Holder any “control” over the Company, as such term
may be interpreted by the SEC under the Securities Act or the Exchange Act, regardless of whether the price of the Company’s
Common Stock exceeds the Exercise Price.

 

4.8       Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

4.9       Attorney
Fees. In the event any attorney is employed by either party to this Warrant with regard to any legal or equitable action,
arbitration or other proceeding brought by such party for the enforcement of this Warrant or because of an alleged dispute, breach,
default or misrepresentation in connection with any of the provisions of this Warrant, the prevailing party in such proceeding
will be entitled to recover from the other party reasonable attorneys’ fees and other costs and expenses incurred, in addition
to any other relief to which the prevailing party may be entitled.

 

4.10       Opinion
of Counsel. The Company shall provide the Holder with an opinion of counsel prior to the Initial Issue Date of this Warrant
that neither this Warrant, nor any other agreement between the parties, nor any of their terms (including, but not limited to,
interest, original issue discount, conversion terms, warrants terms, penalties, fees or liquidated damages), individually or collectively
violate any usury laws in the State of Nevada. Prior to the Initial Issue Date of this Warrant, the Issuer and its management
have reviewed such opinion, consulted their counsel on the opinion and on the matter of usury, and have further researched the
matter of usury to their satisfaction. Further, the Issuer and its management agree with the opinion of the Issuer’s counsel
that neither this Warrant nor any other agreement between the parties is usurious and they agree they will not raise a claim of
usury as a defense to the performance of the Issuer’s obligations under this Warrant or any other agreement between the
parties. THE ISSUER HEREBY WARRANTS AND REPRESENTS THAT THE SELECTION OF NEVADA LAW AS GOVERNING UNDER THIS AGREEMENT (I) HAS
A REASONABLE NEXUS TO EACH OF THE PARTIES AND TO THE TRANSACTIONS CONTEMPLATED BY THESE AGREEMENTS; AND (II) DO NOT OFFEND ANY
PUBLIC POLICY OF NEVADA, FLORIDA, OR OF ANY OTHER STATE, FEDERAL, OR OTHER JURISDICTION. In the event that an opinion of counsel
is needed for any matter related to this Warrant, Holder has the right to have any such opinion provided by its counsel. Holder
also has the right to have any such opinion provided by the Company’s counsel.  

 

    	 	9	 

     

    

 

4.11       Nonwaiver.
No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate as a waiver of
such right or otherwise prejudice the Holder’s rights, powers or remedies.

 

4.12       Amendment
Provision. The term “Warrant” and all references thereto, as used throughout this instrument, means this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented.

 

4.13       No
Shorting. Holder agrees that so long as this Warrant remains unexercised in whole or in part, Holder will not enter into or
effect any “short sale” of the common stock or hedging transaction which establishes a net short position with respect
to the common stock of the Company. The Company acknowledges and agrees that as of the date of delivery to the Company of a fully
and accurately completed Notice of Exercise, Holder immediately owns the common shares described in the Notice of Exercise and
any sale of those shares issuable under such Notice of Exercise would not be considered short sales.

 

*       *       *

 

    	 	10	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first
above indicated.

 

	 	CAR
    CHARGING GROUP, INC.
	 	 	 
	 	By:	 
	 	 	Michael
    J. Calise
	 	 	Chief
    Executive Officer
	 	 	 
	 	HOLDER:
	 	 	 
	 	 	 
	 	JMJ
    Financial / Its Principal

 

    	 	11	 

     

    

 

NOTICE
OF EXERCISE

 

	To:	CAR
    CHARGING GROUP, INC.

 

(1)       The
undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes,
if any.

 

(2)       Payment
shall take the form of (check applicable box):

 

[  ]
in lawful money of the United States; or

 

[  ]
the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in Section 1.3, to
exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in Section 1.3.

 

(3)       Please
issue a certificate or certificates representing said Warrant Shares in the name of the undersigned or in such other name as is
specified below:

 

_______________________________

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

 

_______________________________

 

_______________________________

 

_______________________________

 

(4)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under
the Securities Act of 1933, as amended.

 

[SIGNATURE
OF HOLDER]

 

	Name:	      	
	Date:

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