Document:

Exhibit 4.2

 

THIS
NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “ACT”) SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE
COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED
IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. 

 

AMP
HOLDING Inc.

 

14%
UNSECURED CONVERTIBLE PROMISSORY NOTE

 

 

$__________.00____________,
2014

 

 

FOR
VALUE RECEIVED, AMP Holding Inc., a Nevada corporation (the “Company”) with its principal executive
office at _____________________________, promises to pay to the order of _________________ (the “Payee”
or the “Holder”) or registered assigns, on the 12-month anniversary of the date hereof, unless accelerated
due to the occurrence of an Event of Default (the earlier of such dates is referred to as the “Maturity Date”),
the principal amount of __________ Dollars ($____________.00) (the “Principal Amount”) and interest
on the Principal Amount (as set forth in Section 3), in such coin or currency of the United States of America as at the time of
payment shall be legal tender for the payment of public and private debts. Interest on this Note shall accrue on the Principal
Amount outstanding from time to time at a rate per annum computed in accordance with Section 2 hereof. This Note may be prepaid
by the Company without penalty. This “Note” is part of an offering of up to $4,000,000.00 in principal
amount of “Notes” being made by the Company.

 

1.Automatic
Conversion on the Share Increase Approval Date. On the Share Increase Approval Date (defined below), without further action
from the Holder, 100% of the Principal Amount of this Note plus all accrued and unpaid interest on such date shall be converted
into Common Stock at an initial conversion price equal to $0.14 per share (the “Conversion Price”).
The “Share Increase Approval Date” means the date the Company amends its certificate of incorporation
to authorize 500,000,000 shares of Company common stock (the “Common Stock”) or such other amount of
shares of Common Stock to allow for the full conversion of the Note.

 

2.Computation
of Interest.

 

A.Base
Interest Rate; Payment of Interest. The outstanding Principal Amount shall bear interest at the rate of 14.0% per annum, provided
that in no event shall the interest rate exceed the Maximum Rate provided in Section 2.B. below. Interest shall be based on a
360 day year. Accrued interest will be due and payable on the Maturity Date.

 

B.Maximum
Rate. In the event that it is determined that, under the laws relating to usury applicable to the Company or the indebtedness
evidenced by this Note (“Applicable Usury Laws”), the interest charges and fees payable by the Company
in connection herewith or in connection with any other document or instrument executed and delivered in connection herewith cause
the effective interest rate applicable to the indebtedness evidenced by this Note to exceed the maximum rate allowed by law (the
“Maximum Rate”), then such interest shall be recalculated for the period in question and any excess
over the Maximum Rate paid with respect to such period shall be credited, without further agreement or notice, to the Principal
Amount outstanding hereunder to reduce said balance by such amount with the same force and effect as though the Company had specifically
designated such extra sums to be so applied to principal and the Payee had agreed to accept such extra payment(s) as a premium-free
prepayment. All such deemed prepayments shall be applied to the principal balance payable at maturity. In no event shall any agreed-to
or actual exaction as consideration for this Note exceed the limits imposed or provided by Applicable Usury Laws in the jurisdiction
in which the Company is resident applicable to the use or detention of money or to forbearance in seeking its collection in the
jurisdiction in which the Company is resident.

 

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3.Certain
Adjustments to the Conversion Price.

 

A.Stock
Dividends and Stock Splits. If the Company, at any time while this Note is outstanding: (A) pays a stock dividend or otherwise
makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock or any securities of the Company
which would entitle the holder thereof to acquire at any time Common Stock, including, without limitation, any debt, preferred
stock, rights, options, warrants or other instrument that is at any time convertible into or exercisable or exchangeable for,
or otherwise entitles the holder thereof to receive, Common Stock (collectively, “Common Stock Equivalents”);
(B) subdivides outstanding shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse
stock split) outstanding shares of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification
of shares of the Common Stock, any shares of capital stock of the Company, then the Conversion Price shall be multiplied by a
fraction of which the numerator shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event. Any adjustment made pursuant to this Section 3.A. 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.

 

B.Subsequent
Equity Sales. If, at any time prior to the six (6) month anniversary of the date hereof, conversion of the Note or payment
of the Note, the Company issues, any Common Stock or Common Stock Equivalents entitling any person or entity to acquire shares
of Common Stock at an effective price per share that is lower than the then Conversion Price (such lower price, the “Base
Conversion Price” and such issuances, collectively, a “Dilutive Issuance”), then the Conversion
Price shall be reduced to equal the Base Conversion Price. Such adjustment shall be made whenever such Common Stock or Common
Stock Equivalents are issued. The Company shall notify the Holder in writing, no later than one business day following the issuance
of any Common Stock or Common Stock Equivalents subject to this Section 3.B., indicating therein the applicable issuance price,
or applicable reset price, exchange price, conversion price and other pricing terms (such notice, the “Dilutive Issuance
Notice”). For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant
to this Section 3.B., upon the occurrence of any Dilutive Issuance, the Holder is entitled to receive a number of Conversion Shares
based upon the Base Conversion Price on or after the date of such Dilutive Issuance, regardless of whether the Holder accurately
refers to the Base Conversion Price in the Notice of Conversion. The foregoing anti-dilution protection shall not apply to securities
issued in connection with (i) shares issued pursuant to the Company’s incentive plans, (ii) shares issued for consideration
other than cash pursuant to a strategic relationship, joint venture, merger, consolidation, acquisition, or similar business combination
approved by the Board; (iii) shares issued pursuant to any equipment loan or leasing arrangement, real property leasing arrangement
or debt financing from a bank or similar financial institution approved by the Board; and (iv) shares issued with respect to securities
outstanding as of the closing date.

 

4.Covenants
of Company

 

A.Affirmative
Covenants. The Company covenants and agrees that, so long as this Note shall be outstanding, it will perform the obligations
set forth in this Section 4.A.:

 

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(i)Maintenance
of Existence. The Company will do or cause to be done all things reasonably necessary to preserve and keep in full force and
effect its corporate existence, rights and franchises and comply with all laws applicable to the Company, except where the failure
to comply would not have a material adverse effect on the Company; and

 

(ii)Books
and Records. The Company will at all times keep true and correct books, records and accounts reflecting its business affairs.
Such books and records shall be open at reasonable times and upon reasonable notice to the inspection of the Payee or its agents.

 

(iii)Shareholder
Meeting. The Company shall hold a special or annual meeting of shareholders of the Company (the “Shareholder Meeting”)
no later than March 31, 2015 (the “Shareholder Meeting Deadline”), soliciting its shareholders affirmative
vote at the Shareholder Meeting for approval of a resolution amending the Company’s certificate of incorporation to authorize
500,000,000 shares of Common Stock or such other amount of shares of Common Stock to allow for the full conversion of the Note
(such affirmative approval is referred to herein as the “Share Increase Approval”). The Company shall use its
best efforts to solicit its shareholders’ approval of the Share Increase Approval and to cause the board of directors of
the Company to recommend to the shareholders that they approve the Share Increase Approval. In the alternative, the Company is
permitted to obtain the Shareholder Increase Approval by written consent followed by the filing and mailing of a Schedule 14C
Information Statement. If, despite the Company’s best efforts the Share Increase Approval is not obtained on or prior to
the Shareholder Meeting Deadline, the Company shall cause an additional Shareholder Meeting to be held every three (3) months
thereafter until such Share Increase Approval is obtained. Within one business day after receipt of the Share Increase Approval,
the Company will file an amendment with the Secretary of State of Ohio effecting the Share Increase Approval.

 

5.Events
of Default

 

A.The
term “Event of Default” shall mean any of the events set forth in this Section 5.A.:

 

(i)Non-Payment
of Obligations. The Company shall default in the payment of the Principal Amount or accrued interest of this Note as and when
the same shall become due and payable, whether by acceleration or otherwise.

 

(ii)Non-Performance
of Affirmative Covenants. The Company shall materially default in the due observance or performance of any covenant set forth
in Section 4.A.

 

(iii)Intentionally
left blank.

 

(iv)Bankruptcy,
Insolvency, etc. The Company shall:

 

(a)apply
for, consent to, or acquiesce in, the appointment of a trustee, receiver, sequestrator or other custodian for the Company, or
make a general assignment for the benefit of creditors; or

 

(b)permit
or suffer to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any
bankruptcy or insolvency law, or any dissolution, winding up or liquidation proceeding, in respect of the Company, and, if such
case or proceeding is not commenced by the Company or converted to a voluntary case, such case or proceeding shall be consented
to or acquiesced in by the Company or shall result in the entry of an order for relief.

 

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B.Action
if Bankruptcy. If any Event of Default described in clause (iv) of Section 5.A. shall occur, the outstanding Principal Amount
of this Note and all other obligations hereunder shall automatically be and become immediately due and payable, without notice
or demand.

 

C.Action
if Other Event of Default. If any Event of Default (other than any Event of Default described in clause (iv) of Section 5.A.)
shall occur for any reason, whether voluntary or involuntary, and be continuing, for thirty (30) days after written notice thereof
by Holder to the Company, during which period such Event of Default is not cured, the Holder may, upon notice to the Company,
declare all or any portion of the outstanding Principal Amount of the Note, together with interest accrued thereon, to be due
and payable and any or all other obligations hereunder to be due and payable, whereupon the full unpaid principal amount hereof,
such accrued interest and any and all other such obligations which shall be so declared due and payable shall be and become immediately
due and payable, without further notice, demand, or presentment.

 

6.Miscellaneous.

 

A.Parties
in Interest. All covenants, agreements and undertakings in this Note binding upon the Company or the Payee shall bind and
inure to the benefit of the successors and permitted assigns of the Company and the Payee, respectively, whether so expressed
or not.

 

B.Governing
Law; Forum. This Note shall be governed by the laws of the State of Ohio as applied to contracts entered into and to be performed
entirely within the State of Ohio and the parties consent to the jurisdiction of the courts
of the State of Ohio and the United States District Courts situated in Hamilton County, Ohio.

 

C.Waiver
of Jury Trial. THE PARTIES HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY
IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS NOTE OR ANY OTHER DOCUMENT OR
INSTRUMENT EXECUTED AND DELIVERED IN CONNECTION HEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL
OR WRITTEN), OR ACTIONS OF THE PAYEE OR THE COMPANY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE PAYEE'S PURCHASING THIS NOTE.

 

D.Notice.
All notices shall be in writing, and shall be deemed given when actually delivered to a party at its address set forth herein
personally, by a reputable overnight messenger.

 

E.No
Waiver. No delay in exercising any right hereunder shall be deemed a waiver thereof, and no waiver shall be deemed to have
any application to any future default or exercise of rights hereunder.

 

IN
WITNESS WHEREOF, this Note has been executed and delivered on the date specified above by the duly authorized representative of
the Company.

 

AMP
HOLDING INC.

 

By:________________________________

Stephen
S. Burns, CEO

 

4Exhibit
4.3 

NEITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE
COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT
OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO,
THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A
LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

 

COMMON
STOCK PURCHASE WARRANT

 

AMP
HOLDING inc. 

Warrant
Number: ____Issue Date: ______, 2014

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received,  ____________ (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 “Initial Exercise Date” (which is the Share Increase Approval Date)
and on or prior to the close of business on the fifth (5th) anniversary of the Initial Exercise Date (the “Termination
Date”) but not thereafter, to subscribe for and purchase from AMP Holding Inc., a Nevada corporation (the “Company”),
up to ________________[1] shares (the “Warrant Shares”) of 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 2(b).

Section
1.Definitions.

a)                 
“Business Day” means any day other than (a) a Saturday or Sunday and (b) any day on which banks are required
or permitted to be closed in New York, New York.

b)                 
“Commission” means the United States Securities and Exchange Commission.

c)                 
“Common Stock” means the common stock of the Company, par value $0.001 per share, and any other class of securities
into which such securities may hereafter be reclassified or changed.

d)                 
“Common Stock Equivalents” means any securities of the Company which would entitle the holder thereof to acquire
at any time Common Stock, including, without limitation, any debt, preferred stock, rights, options, warrants or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive,
Common Stock. 

 

[1]
Warrant Shares to equal 50% of Principal Amount of Note divided by $0.14.

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e)                 
“Person” means an individual or corporation, partnership, trust, incorporated or unincorporated association,
joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other entity
of any kind.

f)                  
“Registration Statement” means a registration statement covering the resale by the Holder of the Warrant Shares.

g)                 
“Rule 144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be
amended from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same
effect as such Rule.

h)                 
“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

i)                   
“Share Increase Approval Date” means the date the Company amends its certificate of incorporation to authorize
500,000,000 shares of Common Stock or such other amount of shares of Common Stock to allow for the full exercise of the Warrant.

j)                   
“Trading Day” means a day on which the principal Trading Market is open for trading.

k)                 
“Trading Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted
for trading on the date in question: the NYSE MKT, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select
Market, the New York Stock Exchange, the OTC Bulletin Board or the Pink Sheets (or any successors to any of the foregoing). 

l)                   
“VWAP” means, for any date, the price determined by the first of the following clauses that applies: (a) if
the Common Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for
such date (or the nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported
by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), or (b) in all
other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good faith
by the Company, the fees and expenses of which shall be paid by the Company.

Section
2.Exercise.

a)                 
Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any
time or times on or after the Initial Exercise Date and on or before the Termination Date by delivery 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 copy of the Notice of Exercise Form annexed hereto;
and, within three (3) Trading Days of the date said Notice of Exercise is delivered to the Company, the Company shall have received
payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer or cashier’s check drawn on a United
States bank or, if available, pursuant to the cashless exercise procedure specified in Section 2(c) below. Notwithstanding anything
herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the Company until the Holder
has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder
shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the date the final Notice of Exercise
is delivered to the Company, failure, however, to deliver such certificate shall not affect the rights of the Holder herein to,
among other things, exercise this Warrant and receive the Warrant Shares in accordance with this Warrant. 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 three (3) Business Days of receipt
of such notice. In the event of any dispute or discrepancy, the records of the Holder shall be controlling and determinative in
the absence of manifest error. 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.

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b)                 
Exercise Price. The exercise price per share of the Common Stock under this Warrant shall be $0.14 subject to adjustment
hereunder (the “Exercise Price”).

c)                 
Cashless Exercise. If at any time on or after the six month anniversary of the issue date of this Warrant there is no Registration
Statement effective and available for use by the Holder to resell the Warrant Shares immediately upon exercise of this Warrant,
this Warrant may also be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the
Holder shall be entitled to receive a certificate for the number of Warrant Shares equal to the quotient obtained by dividing
[(A-B) (X)] by (A), where:

(A)
= the average VWAP on the thirty (30) Trading Days 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.

 

		d)	Mechanics
                                         of Exercise. 

                                                                                                 
i.            Delivery of Certificates Upon Exercise. Certificates
for shares purchased hereunder shall be transmitted by the Transfer Agent to the Holder by physical delivery to the address specified
by the Holder in the Notice of Exercise by the date that is three (3) Trading Days after the latest of (A) the delivery to the
Company of the Notice of Exercise Form, (B) surrender of this Warrant (if required), and (C) payment of the aggregate Exercise
Price as set forth above (including by cashless exercise) (such date, the “Warrant Share Delivery Date”). This
Warrant shall be deemed to have been exercised on the first date on which all of the foregoing have been delivered to the Company.
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 the Warrant has been exercised, with
payment to the Company of the Exercise Price (or by cashless exercise) and all taxes required to be paid by the Holder, if any,
having been paid. 

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ii.                     Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the certificate or certificates representing Warrant
Shares, deliver to Holder a new Warrant evidencing the rights of 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.

                                                                                          
iii.                     Failure
to Deliver Certificates. If, in the case of any Notice of Exercise, such certificate or certificates are not delivered to
or as directed by the applicable Holder by the Share Delivery Date, the Holder shall be entitled to elect by written notice to
the Corporation at any time on or before its receipt of such certificate or certificates, to rescind such Notice of Exercise,
in which event the Corporation shall promptly return to the Holder any Warrant certificate delivered to the Corporation and the
Holder shall promptly return to the Corporation the Common Stock certificates issued to such Holder pursuant to the rescinded
Notice of Exercise.

                                                                                             
iv.                  No Fractional Shares
or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant.
As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the Company shall,
at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied
by the Exercise Price or round up to the next whole share.

                                                                                               
v.                  Closing of Books.
The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

Section
3.Certain Adjustments.

a)                 
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 its shares of 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 3(a)
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.

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b)                 
Subsequent Equity Sales. If at any time during the first six months after the Initial Exercise Date while this Warrant
is outstanding, the Company issues any Common Stock or Common Stock Equivalents entitling any person or entity to acquire shares
of Common Stock at an effective price per share that is lower than the then Exercise Price (such lower price, the “Base
Exercise Price” and such issuances, collectively, a “Dilutive Issuance”) then the Exercise Price
shall be reduced to equal the Base Exercise Price. Such adjustment shall be made whenever such Common Stock or Common Stock Equivalents
are issued. The Company shall notify the Holder in writing, no later than one Business Day following the issuance of any Common
Stock or Common Stock Equivalents subject to this Section 3(b), indicating therein the applicable issuance price, or applicable
reset price, exchange price, conversion price and other pricing terms (such notice, the “Dilutive Issuance Notice”).
For purposes of clarification, whether or not the Company provides a Dilutive Issuance Notice pursuant to this Section 3(b), upon
the occurrence of any Dilutive Issuance, the Holder is entitled to the benefit of the reduced Exercise Price on or after the date
of such Dilutive Issuance, regardless of whether the Holder accurately refers to the Base Exercise Price in the Notice of Exercise.
The foregoing anti-dilution protection shall not apply to securities issued in connection with (i) shares issued pursuant to the
Company’s incentive plans, (ii) shares issued for consideration other than cash pursuant to a strategic relationship, joint
venture, merger, consolidation, acquisition, or similar business combination approved by the Board; (iii) shares issued pursuant
to any equipment loan or leasing arrangement, real property leasing arrangement or debt financing from a bank or similar financial
institution approved by the Board; and (iv) shares issued with respect to securities outstanding as of the closing date.

c)                 
Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in
one or more related transactions effects any merger or consolidation of the Company with or into another Person, (ii) any, direct
or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to
which holders of Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and
has been accepted by the holders of 50% or more of the outstanding Common Stock, (iii) the Company, directly or indirectly, in
one or more related transactions effects any reclassification, reorganization or recapitalization of the Common Stock or any compulsory
share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities, cash or property,
(iv) the Company, directly or indirectly, in one or more related transactions consummates a stock or share purchase agreement
or other business combination (including, without limitation, a reorganization, recapitalization, spin-off or scheme of arrangement)
with another Person whereby such other Person acquires more than 50% of the outstanding shares of Common Stock (not including
any shares of Common Stock held by the other Person or other Persons making or party to, or associated or affiliated with the
other Persons making or party to, such stock or share purchase agreement or other business combination) (each a “Fundamental
Transaction”), then, upon any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each
Warrant Share that would have been issuable upon such exercise immediately prior to the occurrence of such Fundamental Transaction,
at the option of the Holder, the number of shares of Common Stock of the successor or acquiring corporation or of the Company,
if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable
as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such Fundamental Transaction. For purposes of any such exercise, the determination of the Exercise Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among
the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of
this Warrant following such Fundamental Transaction. The Company shall cause any successor entity in a Fundamental Transaction
in which the Company is not the survivor (the “Successor Entity”) to assume in writing all of the obligations
of the Company under this Warrant in accordance with the provisions of this Section 3(c) prior to such Fundamental Transaction.
Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted for (so that
from and after the date of such Fundamental Transaction, the provisions of this Warrant referring to the “Company”
shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the
obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein.

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d)                 
Calculations. All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share,
as the case may be. For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as
of a given date shall be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

e)                 
Notice to Holder. 

                                                                                           
i.            Adjustment to Exercise Price. Whenever the Exercise
Price is adjusted pursuant to any provision of this Section 3, the Company shall mail to the Holder a notice setting forth the
Exercise Price after such adjustment and setting forth a brief statement of the facts requiring such adjustment. 

                                                                                         
ii.            Notice to Allow Exercise by Holder. If (A) the Company
shall declare a dividend (or any other distribution in whatever form) on the Common Stock, excluding a stock dividend as contemplated
in Section 3(a), (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C)
the Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any
shares of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in
connection with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale
or transfer of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock
is converted into other securities, cash or property (in each case, excluding any event contemplated in Section 3(a)), or (E)
the Company shall authorize the voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company,
then, in each case, the Company shall cause to be mailed to the Holder at its last address as it shall appear upon the Warrant
Register of the Company, at least 10 calendar days prior to the applicable record or effective date hereinafter specified, a notice
stating (x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants,
or if a record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend,
distributions, redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation,
merger, sale, transfer or share exchange is expected to become effective or close, and the date as of which it is expected that
holders of the Common Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other
property deliverable upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure
to mail such notice or any defect therein or in the mailing thereof shall not affect the validity of the corporate action required
to be specified in such notice. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice, except as may otherwise be expressly set forth
herein.

Section
4.Transfer of Warrant.

a)                 
Transferability. Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d)
hereof, this Warrant and all rights hereunder are transferable, in whole or in part, upon surrender of this Warrant at the principal
office of the Company or its designated agent, together with a written assignment of this Warrant substantially in the form attached
hereto duly executed by the Holder or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making
of such transfer. Upon such surrender and, if required, such payment, the Company 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 this
Warrant shall promptly be cancelled. 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. 

    	6

    	 

    

b)                 
New Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office
of the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued,
signed by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved
in such division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or
Warrants to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated
the original issue date and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

c)                 
Warrant Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose
(the “Warrant Register”), in the name of the record Holder hereof from time to time. The Company may deem and
treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution
to the Holder, and for all other purposes, absent actual notice to the contrary.

d)                 
Transfer Restrictions. If, at the time of the surrender of this Warrant in connection with any transfer of this Warrant,
the transfer of this Warrant shall not be eligible for resale without volume or manner-of-sale restrictions or current public
information requirements pursuant to Rule 144, the Company may require, as a condition of allowing such transfer, that the Holder
or transferee of this Warrant, as the case may be, provide to the Company an opinion of counsel selected by the Holder or transferee
and reasonably acceptable to the Company, the form and substance of which opinion shall be reasonably satisfactory to the Company,
to the effect that such transfer does not require registration of such transferred Securities under the Securities Act.

e)                 
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.

    	7

    	 

    

Section
5.Miscellaneous.

a)                 
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 2(d)(i). 

b)                 
Loss, Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case
of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

c)                 
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right
required or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next
succeeding Business Day.

d)                 
Authorized Shares. The Company covenants that, during the period commencing on the Initial Exercise Date and through the
date that the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient number of shares
to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant. The Company further
covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged with the duty of executing
stock certificates to execute and issue the necessary certificates for the Warrant Shares upon the exercise of the purchase rights
under this Warrant. The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may
be issued as provided herein without violation of any applicable law or regulation, or of any requirements of the Trading Market
upon which the Common Stock may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise
of the purchase rights represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and
payment for such Warrant Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free
from all taxes, liens and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer
occurring contemporaneously with such issue). 

e)                 
Governing Law; Forum. This Warrant shall be governed by and construed solely and exclusively under and pursuant to the
laws of the State of Ohio as applied to agreements among Ohio residents entered into and to be performed entirely within Ohio
and the parties consent to the jurisdiction of the courts of the State of Ohio and the United
States District Courts situated in Hamilton County, Ohio.

f)                  
Restrictions. The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered,
will have restrictions upon resale imposed by state and federal securities laws.

    	8

    	 

    

g)                 
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 Holder’s rights, powers or remedies, notwithstanding the fact that all
rights hereunder terminate on the Termination Date. 

h)                 
Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company
at the address set forth in the Company’s records.

i)                   
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby
shall inure to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted
assigns of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant
and shall be enforceable by the Holder or holder of Warrant Shares.

j)                   
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company
and the Holder.

k)                 
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

l)                   
Headings. The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be
deemed a part of this Warrant.

 

********************

 

 

(Signature
Pages Follow)

    	9

    	 

    

 

 

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.

 

	AMP
                                         HOLDING inc. 

         

         

	By:__________________________________________

        Name:
        Stephen Burns

        Title:
        CEO

         

 

    	10

    	 

    

 

NOTICE
OF EXERCISE

 

To:AMP
HOLDING, 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 subsection 2(c),
to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in subsection 2(c).

(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 by physical delivery of a certificate to:

 

_______________________________

 

_______________________________

 

_______________________________

 

(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
of Investing Entity: ________________________________________________________________________

Signature
of Authorized Signatory of Investing Entity: _________________________________________________

Name
of Authorized Signatory: ___________________________________________________________________

Title
of Authorized Signatory: ____________________________________________________________________

Date:
________________________________________________________________________________________

 

 

 

    	11

    	 

    

ASSIGNMENT
FORM

 

(To
assign the foregoing warrant, execute

this form and supply required information.

Do not use this form to exercise the warrant.)

 

 

 

FOR
VALUE RECEIVED, [____] all of or [_______] shares of the foregoing Warrant and all rights evidenced thereby are hereby assigned
to

 

_______________________________________________
whose address is

 

_______________________________________________________________.

 

 

 

_______________________________________________________________

 

Dated:
______________, _______

 

 

Holder’s
Signature:_____________________________

 

Holder’s
Address:_____________________________

 

_____________________________

 

 

 

Signature
Guaranteed: ___________________________________________

 

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Warrant, without alteration
or enlargement or any change whatsoever, and must be guaranteed by a bank or trust company. Officers of corporations and those
acting in a fiduciary or other representative capacity should file proper evidence of authority to assign the foregoing Warrant.

 

 

 

42706-0017

DC\81065626.1

[1]
Warrant Shares to equal 50% of Principal Amount of Note divided by $0.14.

 

 

12

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