Document:

EXHIBIT 10.1

 

Blow
and Drive Interlock Corporation

 

 

 

Subscription
Agreement

 

Name
of Subscriber:   ________________________________________________________

 

Number
of Shares Purchased (5,000 share minimum): ______________________________

 

Subscription
Amount ($            per share): ____________________________________________

 

State
of Residence: _________________________________________________________

 

1. Subscription.
The undersigned hereby subscribes to the number of shares set forth above of the common stock of Blow & Drive Interlock
Corporation (the “Investment Securities”) a corporation organized and existing under the laws of the State of Delaware
(the “Company”), and agrees to pay for such Investment Securities the amount set forth above in cash or by check subject
to collection upon execution of this subscription agreement.

 

 2. Agreements and Understandings of the Undersigned. The undersigned agrees and understands that:

 

2.1.
The undersigned is entitled to full information about the Company and its principals. Written materials describing the
Company and the Investment Securities (the “Investment Documents”) have been furnished to the undersigned prior
to execution of this subscription agreement and the undersigned has been given the time required to read such materials,
alone or with the undersigned’s advisor(s).

 

2.2. If
the undersigned has made any deposit, escrow or other payment in whole or in part toward the purchase of the Investment Securities
offered hereby before executing this subscription agreement, the undersigned may elect to either: (i) ratify the undersigned’s
investment and receive a credit in full for such payment by execution of this subscription agreement; or (ii) have returned on
demand the full amount of such payment, less distributions received by the undersigned, if any, plus lawful interest, at which
time the undersigned will have no interest in or further obligation in regard to the Investment Securities offered hereby.

 

2.3. The
undersigned (or the entity for which the undersigned is acting, if any) will not offer or sell all or any part of the undersigned’s
Investment Securities until and unless the Investment Securities are registered under the Securities Act of 1933, as amended and
under applicable state laws or unless the undersigned has delivered to the Company an opinion of counsel satisfactory to it that
such registration is not required.

 

2.4. No
Federal or state agency has made any finding or determination as to the fairness for investment, nor recommendation or endorsement,
of the Investment Securities.

 

2.5. If
the undersigned is neither a United States citizen nor a resident of the United States, then the undersigned agrees: (a) to supply
the Company with any and all information necessary so that the Company may satisfy any and all United States legal reporting requirements;
and (b) to indemnify the Company for any liability incurred by the Company as a result of its failure to withhold any taxes or
comply with any reporting requirements because the undersigned did not provide the necessary information to the Company to enable
it to withhold the necessary taxes or fully comply with such requirements. Furthermore, if the undersigned is a foreign investor
who fails to timely file U.S. Internal Revenue Service Form 4224 with the Company (the first such Form must be filed in duplicate
with the Company prior to the acceptance of this subscription), the undersigned agrees, at the request of the Company, to execute
any and all documents and instruments requested by the Company in order to consummate a sale or disposition of the Investment
Securities as required to comply with law.

 

    	 

    	 

    

 

2.6. If
the undersigned is an organization (other than a cooperative described in Section 521 of the Internal Revenue Code of 1986, as
amended) whose income from the Company will be exempt from United States income tax, the undersigned shall so advise the Company.

 

2.7.
THE OFFERING OF THESE SECURITIES IS NOT REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. AS SUCH THE UNDERSIGNED MUST
BEAR THE ECONOMIC RISK OF THE INVESTMENT FOR AN INDEFINITE PERIOD OF TIME BECAUSE THE SECURITIES CANNOT BE SOLD UNLESS THEY ARE
SUBSEQUENTLY REGISTERED UNDER THE SECURITIES ACT OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. RESTRICTIONS WILL BE PLACED
ON THE TRANSFERABILITY OF THE SECURITIES.

 

2.8. THESE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE STATE OR JURISDICTION OF THE UNDERSIGNED’S RESIDENCE NOR HAS THE
STATE OR JURISDICTION OF THE UNDERSIGNED’S RESIDENCE PASSED UPON THE ACCURACY OR ADEQUACY OF ANY INFORMATIONAL MATERIALS.

 

2.9. THESE
SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON
THE ACCURACY OR ADEQUACY OF ANY INFORMATIONAL MATERIALS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

 

 3. Warranties of the Undersigned. The undersigned represents and warrants that:

 

3.1.
The undersigned has reached the age of majority in the state or country in which the undersigned resides.

 

3.2. The
undersigned (or the entity for which the undersigned is acting, if any) intends to retain indefinitely, and has no present arrangement,
understanding or agreement for disposing of the Investment Securities and takes such Investment Securities solely for the account
of the name(s) which appear below.

 

3.3. If
a trust, corporation, partnership, or other entity, the undersigned: (i) is duly organized and validly existing under the laws
of the state of formation; (ii) is duly authorized and empowered to purchase the Investment Securities; (iii) was not organized
exclusively for the purpose of acquiring the Investment Securities and has an independent reason for existence beyond such investment;
(iv) has duly authorized the signatory hereto to execute this subscription agreement on behalf of the undersigned, and, upon such
execution, the subscription agreement and any related documents shall be a binding obligation of the undersigned; and (v) will,
upon request of counsel to the Company, furnish evidence of the representations and warranties of this subparagraph, including
certified copies of the certificate (articles) of incorporation, articles of (limited) partnership, or other creating or implementing
documents.

 

3.4. If
the undersigned is not an Accredited Investor (described hereinafter) under Regulation D of the General Rules and Regulations
of the Securities and Exchange Commission, the undersigned, either alone or with an advisor(s), has such knowledge and experience
in financial and business matters that the undersigned is capable of evaluating the merits and risks of the prospective investment.

 

3.5.
It has been called to the undersigned’s attention that this investment involves a high degree of risk, and no
assurances are or have been made regarding the economic advantages, if any, which may inure to the benefit of investors. The
economic benefit from an investment in the Investment Securities depends on the ability of the Company to successfully
conduct its business activities. The accomplishment of such goals in turn depends on many factors beyond the control of the
Company or its management. Accordingly, the suitability for any particular investor of a purchase of the Investment
Securities will depend upon, among other things, such investor’s investment objectives and such investor’s
ability to accept speculative risks, including the risk of a total loss of investment in the Investment Securities. The
undersigned and the undersigned’s advisor(s), if any, have carefully reviewed and understand the risk of, and other
considerations relating to, a purchase of the Investment Securities.

 

    	2

    	 

    

 

3.6. The
undersigned is able to bear the economic risks of this investment, is able to hold the Investment Securities for an indefinite
period of time, and has sufficient net worth to sustain a loss of the entire investment in the Company in the event such loss
should occur.

 

3.7. The
undersigned and the undersigned’s advisor(s), if any, have relied only upon the information contained in the Investment
Documents made available to the undersigned and the undersigned’s advisor(s). Any other information concerning this offering,
whether oral or written, may be incomplete or inaccurate. Only the Investment Documents are intended to be an accurate description
of the offering and its terms.

 

3.8. The
Company has answered all inquiries that the undersigned and the undersigned’s advisor(s), if any, have made of it concerning
the Company or any other matters relating to the business and proposed operation of the Company and the offer and sale of the
Investment Securities. No oral statement, printed material, or inducement which is contrary to the information contained in the
Investment Documents has been given or made by or on behalf of the Company to the undersigned or the undersigned’s advisor(s),
if any.

 

3.9. All
of the representations and information provided by the undersigned in this subscription agreement and any additional information
which the undersigned has furnished to the Company with respect to the undersigned’s financial position and business experience
is accurate and complete as of the date that this subscription agreement was executed by the undersigned. If there should be any
material adverse change in such representations or information prior to the sale of the Investment Securities subscribed for herein
to the undersigned, the undersigned will immediately furnish accurate and complete information concerning any such material change
to the Company.

 

3.10. The
undersigned represents, if the undersigned is subject to the Employee Retirement Income Security Act of 1974 (“ERISA”),
that in making the proposed investment the undersigned is aware of and has taken into consideration the diversification requirements
of Section 404(a)(1)(C) of ERISA, and has concluded that the proposed investment is a prudent one.

 

4. “Non-Resident
Alien” Status (if applicable). By indication below, the undersigned represents and warrants that the undersigned (or
the entity for which the undersigned is acting, if any) is not a citizen of the United States or Canada and is not, and has no
present intention of becoming, a resident of the United States (defined as being any natural person physically present within
the United States for at least 183 days in a 12-month consecutive period or any entity who maintained an office in the United
States at any time during a 12-month consecutive period). The undersigned understands that the Company may rely upon the representations
and warranty of this paragraph as a basis for an exemption from registration of the Investment Securities under the Securities
Act of 1933, as amended, and the provisions of relevant state securities laws.

 

______
CHECK HERE IF NOT A CITIZEN/RESIDENT OF THE UNITED STATES OR CANADA.

 

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5. “Accredited
Investor” Status. The investment securities to which this subscription relates are offered and sold under an exemption
from registration provided by Rule 506 of Regulation D of the General Rules and Regulations of the Securities and Exchange Commission.
In addition to the other requirements of Rule 506, sales of the investment securities are limited to no more than 35 persons who
are not Accredited Investors as that term is defined in Regulation D.

 

Unless
indicated otherwise herein, the undersigned falls within one of the following definitions of Accredited Investor:

 

For
individuals:

 

	●	The
    undersigned is a natural person whose individual net worth, or joint net worth with spouse, exceeds $1,000,000 (without including
    the value of the undersigned’s primary residence) at the time of purchase of the Investment Securities.
	 	 
	●	The
    undersigned is a natural person who had an individual income in excess of $200,000 in each of the last two years or joint
    income with spouse in excess of $300,000 in each of those years and reasonably expects to reach the same income level in the
    current year.
	 	 
	●	The
    undersigned is either a director, executive officer or general partner of the Company, or a director, executive officer or
    general partner of a general partner of the Company.

 

If
an Accredited Investor, the undersigned further certifies that: (i) the undersigned (or the undersigned’s professional advisor(s))
has the capacity to protect the undersigned’s interests in this investment; (ii) the undersigned is able to bear the economic
risks of this investment; and (iii) the amount of the investment does not exceed 10% of the undersigned’s net worth or joint
net worth with spouse.

 

For
entities:

 

	●	The
    undersigned is any institutional investor as provided in Regulation Section 230.501(a)(1) under the Securities Act of 1933.
	 	 
	●	The
    undersigned is a private business development company within the meaning of Section 202(a)(22) of the Investment Advisers
    Act of 1940.
	 	 
	●	The
    undersigned is any organization described in Section 501(c)(3) of the Internal Revenue Code, not formed for the specific purpose
    of acquiring the Investment Securities, with total assets in excess of $5,000,000.
	 	 
	●	The
    undersigned is a trust with total assets in excess of $5,000,000, not formed for the special purpose of acquiring the Investment
    Securities, whose investment is directed by a person described in Regulation Section 230.506(b)(2)(ii) under the Securities
    Act of 1933.
	 	 
	●	The
    undersigned is an entity owned entirely by any of the persons described above.

 

6. Suitability
Information for Investors who are not Accredited Investors. If the undersigned does NOT meet the definition above of an accredited
investor, the undersigned must be able to check the following.

 

_______I
am NOT an Accredited Investor. I have such knowledge and experience in financial and business matters that I (alone or together
with a Purchaser Representative) am capable of evaluating the merits and risks of this investment.

 

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If
the undersigned is not an Accredited Investor, the Company may require that the undersigned utilize the services of a Purchaser
Representative or equivalent advisor who may be required to complete a Purchaser Representative Questionnaire.

 

7. Acceptance
and Conditions of Investment. The undersigned agrees and is aware that:

 

7.1. The
Company reserves the unrestricted right to reject any subscription, and no subscription will be binding unless and until accepted
by it. A subscription from a non-accredited investor will not be accepted if the maximum limitation on the number of non-accredited
investors has already been reached.

 

7.2. A
legend in substantially the following form will be placed on any certificate(s) evidencing the Investment Securities:

 

THESE
SECURITIES CANNOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF BY ANY INVESTOR TO ANY OTHERPERSONOR ENTITY UNLESS SUBSEQUENTLY
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND UNDER APPLICABLE LAW OF THE STATE OR JURISDICTION WHERE SOLD, TRANSFERRED
OR DISPOSED OF, UNLESS SUCH SALE, TRANSFER OR DISPOSITION SHALL QUALIFY UNDER AN ALLOWED EXEMPTION TO SUCH REGISTRATION.

 

7.3. Stop
transfer instructions will be placed with respect to the Investment Securities so as to restrict resale or other transfer thereof
subject to further items hereof, including the provisions of the legend set forth above.

 

7.4. Unless
otherwise provided by law, the legend and stop transfer instructions described above will be placed with respect to any new certificate(s)
or other document(s) issued upon presentment by the undersigned of certificate(s) or other document(s) for transfer.

 

8. Registration
Rights. The undersigned, or subsequent holder of the Investment Securities, shall have the right to have the Investment Securities
included in the first registration statement effected by the Company for any of its stock or other securities under the Securities
Act of 1933, as amended, (other than a registration statement relating solely to the sale of securities to participants in a Company
stock plan, a Form S-4 registration statement, or a registration on any other form which does not include substantially the same
information as would be required to be included in a registration statement covering the sale of the Investment Securities). Holders
who wish their Investment Securities included in such registration statement shall comply with reasonable conditions imposed by
the Company, including the furnishing of certain information required to be included in the registration statement. The expenses
of the registration statement will be borne by the Company except for expenses (such as the advice of an attorney, accountant
or financial advisor) incurred by the holder individually.

 

9. Accuracy
of Information Given. The undersigned certifies that the undersigned has given the information contained herein to the best
of the undersigned’s knowledge and answers thereto are complete and accurate. The undersigned agrees that the foregoing
representations and warranties shall survive the purchase of the Investment Securities as well as any acceptance of this subscription
for the Investment Securities.

 

10. Election
of Purchaser Representative. The undersigned understands that the undersigned is entitled to be advised by a Purchaser Representative
or an equivalent advisor in making a decision to invest and that (unless the undersigned is an Accredited Investor) the undersigned
must be so advised if the undersigned does not have sufficient knowledge and experience in financial and business matters to evaluate
the merits and risks of this investment.

 

11. Indemnification. The
undersigned acknowledges that the undersigned understands the meaning and legal consequences of the representations and
warranties hereof, and hereby agrees to indemnify and hold harmless the Company, its affiliates, attorneys, accountants,
agents, employees and any selling securityholder from and against any and all loss, damage or liability, including, without
limitation, reasonable attorneys fees incurred as a result of such breach, due to or arising out of a breach of any
such representations or warranties. This indemnification shall not require that the Company shall have been determined by any
Federal, state or other authority or person to have qualified for any exemption from the registration provisions of Federal
or state securities laws, rules or regulations.

 

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12. Arbitration.
The undersigned hereby agrees that any and all claims (other than claims for injunctive or other equitable relief) now or
at any time hereafter as to which the Company, its affiliates, attorneys, accountants, agents or employees and the undersigned,
the undersigned’s successors or assigns may be adverse parties, whether arising out of this agreement or from any other
cause, will be resolved by arbitration before the American Arbitration Association. Each party irrevocably consents to subject
matter and personal jurisdiction before the American Arbitration Association. The parties covenant that under no conditions will
any of them file any action at law against any other or bring any claim in any forum other than before the American Arbitration
Association, and they agree that any litigation, if filed, shall be immediately dismissed upon application and shall be referred
for arbitration hereunder with costs and attorneys’ fees to the prevailing party. The situs of arbitration and any counterclaims
shall be selected by the person against whom arbitration is sought provided that such situs is within the United States and is
the situs of such person’s principal residence or place of business. Any dispute concerning situs shall be determined by
the American Arbitration Association.

 

The
parties shall restrict themselves to claims for compensatory damages. No claims shall be made by any party for lost profits, punitive
or similar damages. The parties agree that any award or decision by the American Arbitration Association shall be final and non-appealable
except as to errors of law. Any appeal from an award of the arbitrator shall be taken to the appropriate court having jurisdiction
over the situs of the arbitration. No bond shall be required of any party on appeal, and no enforcement of the award shall be
granted until a determination of the appeal is final or until time to take an appeal has expired. Each party shall pay their own
attorneys fees and costs of the arbitration and any appeal.

 

It
is the intent of the parties and their affiliates to deal with all disputes between them by arbitration to the maximum degree
allowed by law (including claims against any party’s current or former attorneys, accountants, agents, employees, successors
or assigns), and if any claim or claims should be held not subject to arbitration, only such claim or claims shall be excluded
from this paragraph.

 

PLEASE
EXECUTE THE ATTACHED SIGNATURE PAGE

 

    	6

    	 

    

 

Blow
and Drive Interlock Corporation

 

 

 

Signature
Page to Subscription Agreement

 

	 	 
	Name of Subscriber 	 
	 	 
	 	 
	Street  	 
	 	 
	 	 
	City, State, Zip Code	 

 

	$	 

Amount of Subscription

 

	By	 

Signature 

 

	Date:	 

 

	Taxpayer Identification Number 	 
		(Social Security
    number for individuals) 

 

	Status
    (if not individual):	 	 	 	 	 
	 	 	 	 	 	 
	(   )
    Trust	(   )
    Corporation	 	 	 	 
	(   )
    Partnership	(   )
    Other ______________________	 		 	
	(   )
    IRA	(describe)	 	 	 	 

 

Title
to be Taken By (if not individual):

 

	(   )
Joint Tenant with 	 
	 	(name of co-tenant)
	 	 
	(   ) Other (describe): 	 
	 	 
	Accepted:	 
	 	 

BLOW
& DRIVE INTERLOCK CORPORATION

 

	By:	 	 
	 	 	 
	Date:	 

 

    	7Exhibit 4.1

 

THE BANK OF NEW YORK MELLON

NEW YORK’S FIRST BANK-FOUNDED 1784 BY ALEXANDER HAMILTON

 

 

2 HANSON PLACE, 12TH FLOOR, BROOKLYN,
N.Y. 11217

 

 

 

February 24, 2015

 

Hennion & Walsh, Inc.

2001 Route 46, Waterview Plaza

Parsippany, New Jersey 07054

 

Smart Trust, Dynamic Sector Income Trust,
Series 11

 

Dear Sirs:

The Bank of New York
Mellon is acting as trustee for Smart Trust, Dynamic Sector Income Trust, Series 11 set forth above (the “Trust”).
We enclosed a list of the Securities to be deposited in the Trust on the date hereof. The prices indicated therein reflect our
evaluation of such Securities as of close of business on February 23, 2015, in accordance with the valuation method set forth in
the Trust Indenture and Agreement. We consent to the reference to The Bank of New York Mellon as the party performing the evaluations
of the Trust Securities in the Registration Statement (No. 333-201383) filed with the Securities and Exchange Commission with respect
to the registration of the sale of the Trust Units and to the filing of this consent as an exhibit thereto.

 

 

Very truly yours,

 

/s/ GERARDO CIPRIANO                               

Gerardo Cipriano

Vice President

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