Document:

Exhibit
10.26 

 

STOCK
OPTION AGREEMENT

 

TO
PURCHASE UP TO [ ] SHARES OF COMMON STOCK

OF
SQL TECHNOLOGIES CORP.

 

THIS
STOCK OPTION AGREEMENT (this “Agreement”) is made as of [ ], 2017 (the “Effective Date”)
by and between SQL TECHNOLOGIES CORP, a Florida corporation (the “Company”), and [ ] (the “Optionee”).

 

WHEREAS,
the Optionee subscribed for (i) up to [ ] shares of the Company’s common stock, no par value per share (“Common Stock”)
and (ii) a five-year option to purchase up to [ ] shares of Common Stock (collectively, the “Securities”), pursuant
to the terms set forth in a Securities Subscription Agreement dated [ ], 2017 (the “Subscription Agreement”). Any
capitalized term not defined herein shall have the meaning of such term as has been set forth in the Subscription Agreement.

 

1.       Grant
of Option. Subject to the terms and conditions set forth in this Agreement, the Company hereby grants to the Optionee the option,
whereby the Optionee shall have the right purchase from the Company, during the period set forth in Section 2, up to [ ] shares of Common
Stock (“Option Shares”) at an exercise price of US $[ ] per share (the “Exercise Price”,
and such right to purchase the Option Shares at the Exercise Price, the “Option”).

 

 

2.       Term.
This Agreement and the Option shall be forfeited and terminate automatically, without further action or notice, on the five (5) year
anniversary of the Effective Date (the “Expiration Date”). The right to purchase the Option Shares under the Option
shall vest to the Optionee immediately. Notwithstanding any other provision of this Agreement, the Option shall not vest or be exercisable
if the exercise thereof would result in a violation of any applicable federal or state securities law.

 

	3.	Exercise
                                            of Option.

 

(a)       Exercise
of the purchase rights represented by the Option may be made at any time or times on or before the Expiration Date by delivery to the
Company of a duly executed Notice of Exercise Form annexed hereto (or such other office or agency of the Company as it may designate
by notice in writing to the Optionee at the address of such Optionee appearing on the books of the Company) and surrender of this Agreement,
together with payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer or cashier’s check drawn
on a United States bank in immediately available funds. The Option may not be exercised for less than ten thousand (10,000) Option Shares,
and may only be exercised in increments of five thousand (5,000) Option Shares, unless otherwise agreed to by the Company.

 

(b)       The
Option shall be deemed to have been exercised on the later of the date the Notice of Exercise is delivered to the Company and the date
the Exercise Price is received by the Company. The Option Shares shall be deemed to have been issued, and Optionee 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
Option has been exercised by payment to the Company of the Exercise Price and all taxes required to be paid by the Optionee, if any,
have been paid.

 

(c)       The
Company and the Optionee agree that, to the extent applicable, unless and until registered under the Securities Act of 1933, as amended,
which registration remains effective, all shares of Common Stock acquired by the Optionee upon exercise of the Option, may be stamped
or otherwise imprinted with legends in substantially the following form:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”),
OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF ANY EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT
AND SUCH LAWS OR AN EXEMPTION FROM REGISTRATION THEREUNDER.

 

    	 

    	 

    

 

	4.	Adjustments
                                            and Restrictions.

 

(a)       Upon
the occurrence of an event affecting the capitalization of the Company, such as a stock split, reclassification or otherwise, the Company
shall preserve the benefits or potential benefits intended to be made available hereunder, either by equitably increase or decrease the
number of Option Shares, changing the kind of shares available under the Option, or increasing or decreasing the Exercise Price of the
Option.

 

(b)       If
the Company shall reorganize its capital, reclassify its capital stock, consolidate or merge with or into another corporation (where
the Company is not the surviving corporation or where there is a change in or distribution with respect to the Common Stock of the Company),
or sell, transfer or otherwise dispose of its property, assets or business to another corporation and, pursuant to the terms of such
reorganization, reclassification, merger, consolidation or disposition of assets, shares of common stock of the successor or acquiring
corporation, or any cash, shares of stock or other securities or property of any nature whatsoever in addition to or in lieu of common
stock of the successor or acquiring corporation (“Other Property”), are to be received by or distributed to the holders
of Common Stock of the Company, then, from and after the consummation of such transaction or event, the Optionee shall have the right
thereafter to receive, instead of the Option Shares, at the option of the Optionee, (i) upon exercise of this Option, the number of shares
of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and Other Property receivable
upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets by a Optionee of the number
of shares of Common Stock for which this Option is exercisable immediately prior to such event or (ii) cash equal to the value of this
Agreement as determined in accordance with the Black-Scholes option pricing formula. For the purposes of this section, “common
stock of the successor or acquiring corporation” shall include stock of such corporation of any class which is not preferred as
to dividends or assets over any other class of stock of such corporation and which is not subject to redemption and shall also include
any evidences of indebtedness, shares of stock or other securities which are convertible into or exchangeable for any such stock, either
immediately or upon the arrival of a specified date or the happening of a specified event and any warrants or other rights to subscribe
for or purchase any such stock. The foregoing provisions of this section shall similarly apply to successive reorganizations, reclassifications,
mergers, consolidations or disposition of assets.

 

(b)       The
Optionee shall have no rights as a shareholder with respect to any shares of Common Stock covered by the Option until the date of the
issuance of a certificate or certificates for the shares for which the Option has been exercised. No adjustment shall be made for dividends
or distributions or other rights for which the record date is prior to the date such certificate or certificates are issued.

 

(c)       The
Company shall not be required (i) to transfer on its books any Options Shares that have been sold or otherwise transferred in violation
of any of the provisions of this Agreement or (ii) to treat as owner of such Option Shares or to accord the right to vote or pay dividends
to any purchaser or other transferee to whom such shares shall have been so transferred.

 

(d)       The
Option may not be transferred, assigned, sold, hypothecated or pledged by the Optionee without the prior written consent of the Company.
Subject to applicable securities laws, the Option and the rights and obligations evidenced hereby shall inure to the benefit of and be
binding upon the successors of the Company and the successors and permitted assigns of Optionee.

 

(e)       Optionee
acknowledges that the Option Shares acquired upon the exercise of the Option, if not registered for resale, will have restrictions upon
resale imposed by state and federal securities laws.

 

(f)       The
Optionee represents and warrants that the Optionee is acquiring the Option and shares of Common Stock issuable upon exercise thereof
for the Optionee’s own account as an investment and not with a view toward the sale or distribution thereof.

 

    	 

    	 

    

 

	5.	Miscellaneous.

 

(a)       All
questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to contracts to be wholly performed within such state and without regard
to conflicts of law provisions that would result in the application of any laws other than the laws of the State of New York. Any legal
action or proceeding arising out of or relating to this Agreement may be instituted in the courts of the State of New York sitting in
New York County or in the United States of America for the Southern District of New York, and the parties hereto irrevocably submit to
the jurisdiction of each such court in any action or proceeding. Optionee hereby irrevocably waives and agrees not to assert, by way
of motion, as a defense, or otherwise, in every suit, action or other proceeding arising out of or based on this Agreement and brought
in any such court, any claim that Optionee is not subject personally to the jurisdiction of the above named courts, that Optionee’s
property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum or
that the venue of the suit, action or proceeding is improper.

 

(b)       This
Agreement may not be modified or amended, or the provisions hereof waived, without the prior written agreement of the Company and Optionee.
No course of dealing or any delay or failure to exercise any right hereunder on the part of Optionee shall operate as a waiver of such
right or otherwise prejudice Optionee’s rights, powers or remedies, notwithstanding all rights hereunder terminate on the Expiration
Date. The headings used in this Agreement are for the convenience of reference only and shall not, for any purpose, be deemed a part
of this Agreement. Wherever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid
under applicable law, but if any provision of this Agreement 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 Agreement.

 

(c)       Any
notice, request or other document required or permitted to be given or delivered to the Optionee by the Company shall be delivered in
accordance with the notice provisions of the Subscription Agreement.

 

(d)       The
Optionee is responsible for any federal, state, local or other taxes with respect to the Option Shares. The Company does not guarantee
any particular tax treatment or results in connection with the grant or vesting of the Option Shares or the delivery of the Option Shares.

 

(e)       This
Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together constitute one
agreement.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Stock Option Agreement to be executed as of the Effective Date.

 

	OPTIONEE:	COMPANY:
	 	 	 	 
	 	SQL
    TECHNOLOGIES CORP.
	 	 	 	 
	By:	 	By:	 
	 	 	 	 
	Name:	 	Name:	John
    P. Campi
	 	 	 	 
	Title:	 	Title:
    	Chief
    Executive Officer

 

    	 

    	 

    

 

NOTICE
OF EXERCISE

 

To:
SQL Technologies Corp.

 

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

 

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

 

(3)       The
Option Shares shall be delivered to the following:

 

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

 

	(OPTIONEE)	 
	 	 	 
	By:
    	 	 
	 	 	 
	Name:
    	 	 
	 	 	 
	Title:
    	 	 
	 	 	 
	Dated:	 	 

 

    	 

    	 

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Stock Option Agreement, execute this form and supply required information.

Do
not use this form to exercise the Option.)

 

FOR
VALUE RECEIVED, the foregoing Stock Option Agreement and all rights evidenced thereby, including the Option, are hereby assigned to:

 

                                                           

 

whose
address is:

 

                                                           

 

                                                           

 

                                                           

 

	 	Dated:
                               ,              	 
	 	 	 
	Optionee’s
    Signature	 	 
	 	 	 
	Optionee’s
    Address:	 	 
	 	 	 
	 	 	 

 

	Signature
    Guaranteed:	 
	 	 

 

NOTE:
The signature to this Assignment Form must correspond with the name as it appears on the face of the Stock Option Agreement, 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 Stock Option
Agreement.Exhibit
10.27 

 

NEITHER
THIS WARRANT NOR THE SECURITIES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “ACT”), OR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS AND MAY ONLY BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND
NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. THIS WARRANT AND THE SECURITIES ISSUABLE UPON THE EXERCISE
OF THIS WARRANT, IF ANY, MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY
THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION LETTER FROM THE SECURITIES AND EXCHANGE
COMMISSION.

 

COMMON
STOCK PURCHASE WARRANT

 

To
Purchase [____] Shares of Common Stock of

 

SQL
TECHNOLOGIES CORP.

 

[_____],
2017 (the “Issuance Date”)

 

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 date of this Warrant and on or prior to the fifth anniversary of the Issuance Date (the “Termination Date”) but
not thereafter, to subscribe for and purchase from SQL Technologies Corp., a Florida corporation (the “Company”),
up to [_____] shares (the “Warrant Shares”) of the Common Stock, no par value per share, of the Company (the “Common
Stock”). The purchase price of one share of Common Stock (the “Exercise Price”) under this Warrant shall
be US $3.30 (three dollars and thirty cents US) per share. The Exercise Price and the number of Warrant Shares for which the Warrant
is exercisable shall be subject to adjustment as provided herein.

 

1. Title
to Warrant. Prior to the Termination Date and subject to compliance with applicable laws, including transfer restrictions imposed
by applicable securities laws, and Section 7 of this Warrant, this Warrant and all rights hereunder are transferable, in whole or in
part, at the office or agency of the Company by the Holder in person or by duly authorized attorney, upon surrender of this Warrant together
with the Assignment Form attached hereto properly endorsed. The transferee shall sign an investment letter in form and substance reasonably
satisfactory to the Company.

 

2
Authorization of Shares. The Company covenants that all Warrant Shares, which may be issued upon the exercise of the purchase
rights represented by this Warrant in accordance with the terms of this Warrant, including the payment of the exercise price for such
Warrant Shares, will, upon exercise of the purchase rights represented by this Warrant, be duly authorized, validly issued, fully paid
and nonassessable and free from all taxes, liens and charges in respect of the issue thereof (other than taxes in respect of any transfer
occurring contemporaneously with such issue).

 

    	 

    	 

    

 

3.
Exercise of Warrant.

 

(a) Exercise
of the purchase rights represented by this Warrant may be made at any time or times on or before the Termination Date by delivery to
the Company of a duly executed Notice of Exercise Form annexed hereto (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 such Holder appearing on the books of the Company) and surrender of this
Warrant, together with payment of the aggregate Exercise Price of the shares thereby purchased by wire transfer or cashier’s check
drawn on a United States bank in immediately available funds. Certificates for shares purchased hereunder shall be delivered to the Holder
within 5 Trading Days from the delivery to the Company of the Notice of Exercise Form, surrender of this Warrant and payment of the aggregate
Exercise Price as set forth above (“Warrant Share Delivery Date”). This Warrant shall be deemed to have been exercised
on the later of the date the Notice of Exercise is delivered to the Company and the date the Exercise Price is received by 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 by payment to the Company
of the Exercise Price and all taxes required to be paid by the Holder, if any, pursuant to Section 5 prior to the issuance of such shares,
have been paid. If the Company fails to deliver to the Holder a certificate or certificates representing the Warrant Shares pursuant
to this Section 3(a) by the end of business (New York, New York time) on the fifth Trading Day following the Warrant Share Delivery Date,
then the Holder will have the right to rescind such exercise. Nothing herein 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
with respect to the Company’s failure to timely deliver certificates representing shares of Common Stock upon exercise of the Warrant
as required pursuant to the terms hereof.

 

(b) If
this Warrant shall have been exercised in part, the Company shall, 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.

 

4. 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 Holder would otherwise be entitled to purchase upon such exercise, the Company shall pay
a cash adjustment in respect of such final fraction in an amount equal to such fraction multiplied by the Exercise Price.

 

5.
Charges, Taxes and Expenses. Issuance of certificates for 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 certificate, all of which taxes and expenses shall be
paid by the Company, and such certificates shall be issued in the name of the Holder or in such name or names as may be directed by the
Holder; provided, however, that in the event certificates for Warrant Shares are to be issued in a name other than the name of the
Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder;
and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental
thereto.

 

6. 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.

 

7.
Transfer, Division and Combination.

 

(a) Subject
to compliance with any applicable securities laws and the conditions set forth in Sections 1 and 7(e) 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, 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 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. A Warrant, if properly assigned, may be exercised by a new holder for the
purchase of Warrant Shares without having a new Warrant issued.

 

    	 

    	 

    

 

(b) 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 7(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.

 

(c) The
Company shall prepare, issue and deliver at its own expense (other than transfer taxes) the new Warrant or Warrants under this Section
7.

 

(d) The
Company agrees to maintain, at its aforesaid office, books for the registration and the registration of transfer of the Warrants.

 

(e) The
Company may require, as a condition of allowing such transfer (i) that the Holder or transferee of this Warrant, as the case may be,
furnish to the Company a written opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel
in comparable transactions) to the effect that such transfer may be made without registration under the Securities Act and under applicable
state securities or blue sky laws, (ii) that the holder or transferee execute and deliver to the Company an investment letter in form
and substance acceptable to the Company and (iii) that the transferee be an “accredited investor” as defined in Rule 501(a)
promulgated under the Securities Act or a qualified institutional buyer as defined in Rule 144A(a) under the Securities Act.

 

8.
No Rights as Shareholder until Exercise. This Warrant does not entitle the Holder to any voting rights or other rights as a shareholder
of the Company prior to the exercise hereof. Upon the surrender of this Warrant and the payment of the aggregate Exercise Price, the
Warrant Shares so purchased shall be and be deemed to be issued to such Holder as the record owner of such shares as of the close of
business on the later of the date of such surrender or payment.

 

9.
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.

 

10.
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 be a Saturday, Sunday or a legal holiday, then such action may be taken or such right may be exercised on the
next succeeding day not a Saturday, Sunday or legal holiday.

 

11.
Adjustments of Exercise Price and Number of Warrant Shares. The number and kind of securities purchasable upon the exercise of
this Warrant and the Exercise Price shall be subject to adjustment from time to time in the event that the Company: (i) pays a dividend
in shares of Common Stock or make a distribution in shares of Common Stock to holders of its outstanding Common Stock; (ii) subdivides
its outstanding shares of Common Stock into a greater number of shares; (iii) combines its outstanding shares of Common Stock into
a smaller number of shares of Common Stock; or (iv) issues any shares of its capital stock in a reclassification of the Common Stock,
then the number of Warrant Shares purchasable upon exercise of this Warrant immediately prior thereto shall be adjusted so that the Holder
shall be entitled to receive the kind and number of Warrant Shares or other securities of the Company which it would have owned or have
been entitled to receive had such Warrant been exercised in advance thereof. Upon each such adjustment of the kind and number of Warrant
Shares or other securities of the Company which are purchasable hereunder, the Holder shall thereafter be entitled to purchase the number
of Warrant Shares or other securities resulting from such adjustment at an Exercise Price per Warrant Share or other security obtained
by multiplying the Exercise Price in effect immediately prior to such adjustment by the number of Warrant Shares purchasable pursuant
hereto immediately prior to such adjustment and dividing by the number of Warrant Shares or other securities of the Company that are
purchasable pursuant hereto immediately after such adjustment. An adjustment made pursuant to this paragraph shall become effective immediately
after the effective date of such event retroactive to the record date, if any, for such event.

 

    	 

    	 

    

 

12.
Reorganization, Reclassification, Merger, Consolidation or Disposition of Assets. In case the Company shall reorganize its capital,
reclassify its capital stock, consolidate or merge with or into another corporation (where the Company is not the surviving corporation
or where there is a change in or distribution with respect to the Common Stock of the Company), or sell, transfer or otherwise dispose
of its property, assets or business to another corporation and, pursuant to the terms of such reorganization, reclassification, merger,
consolidation or disposition of assets, shares of common stock of the successor or acquiring corporation, or any cash, shares of stock
or other securities or property of any nature whatsoever (including warrants or other subscription or purchase rights) in addition to
or in lieu of common stock of the successor or acquiring corporation (“Other Property”), are to be received by or
distributed to the holders of Common Stock of the Company, then, from and after the consummation of such transaction or event, the Holder
shall have the right thereafter to receive, instead of the Warrant Shares, at the option of the Holder, (a) upon exercise of this Warrant,
the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation,
and Other Property receivable upon or as a result of such reorganization, reclassification, merger, consolidation or disposition of assets
by a Holder of the number of shares of Common Stock for which this Warrant is exercisable immediately prior to such event or (b) cash
equal to the value of this Warrant as determined in accordance with the Black-Scholes option pricing formula. For purposes of this Section
12, “common stock of the successor or acquiring corporation” shall include stock of such corporation of any class which is
not preferred as to dividends or assets over any other class of stock of such corporation and which is not subject to redemption and
shall also include any evidences of indebtedness, shares of stock or other securities which are convertible into or exchangeable for
any such stock, either immediately or upon the arrival of a specified date or the happening of a specified event and any warrants or
other rights to subscribe for or purchase any such stock. The foregoing provisions of this Section 12 shall similarly apply to successive
reorganizations, reclassifications, mergers, consolidations or disposition of assets.

 

13.
Authorized Shares. The Company covenants that during the period 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.

 

14.
Miscellaneous.

 

(a)
Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed in accordance with the laws of the State of New York applicable to contracts to be wholly performed within such state
and without regard to conflicts of law provisions that would result in the application of any laws other than the laws of the State of
New York. Any legal action or proceeding arising out of or relating to this Warrant may be instituted in the courts of the State of New
York sitting in New York County or in the United States of America for the Southern District of New York, and the parties hereto irrevocably
submit to the jurisdiction of each such court in any action or proceeding. Holder hereby irrevocably waives and agrees not to assert,
by way of motion, as a defense, or otherwise, in every suit, action or other proceeding arising out of or based on this Warrant and brought
in any such court, any claim that Holder is not subject personally to the jurisdiction of the above named courts, that Holder’s
property is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum or
that the venue of the suit, action or proceeding is improper.

 

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

 

(c)
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 all rights hereunder terminate
on the Termination Date.

 

    	 

    	 

    

 

(d)
Notices. All notices, requests, demands, claims and other communications hereunder shall be in writing and shall be delivered
by certified or registered mail (first class postage pre-paid), guaranteed overnight delivery, or email transmission, to the following
addresses and facsimile numbers (or to such other addresses which such party shall subsequently designate in writing to the other party):

 

(i)
if to the Company:

 

SQL
Technologies Corp.

4400
North Point Parkway, Suite 265

Alpharetta,
GA 30022

 

(ii)
If to Holder, to the address of record on the Company’s books and records.

 

(e)
Limitation of Liability. No provision hereof, in the absence of any affirmative action by Holder to exercise this Warrant or purchase
Warrant Shares, and no enumeration herein of the rights or privileges of Holder, shall give rise to any liability of 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.

 

(f)
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 of the Company and the successors and permitted assigns of Holder. The provisions
of this Warrant are intended to be for the benefit of all Holders from time to time of this Warrant and shall be enforceable by any such
Holder or holder of Warrant Shares.

 

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

 

(h)
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.

 

(i)
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
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be executed as of the Issuance Date by its officer thereunto duly authorized.

 

	SQL
    TECHNOLOGIES CORP.	 
	 	 	 
	By:	 	 
	 	John
    P. Campi	 
	 	Chief
    Executive Officer	 

 

    	 

    	 

    

 

NOTICE
OF EXERCISE

 

To:
SQL Technologies Corp. (the “Company”)

 

(1)
The undersigned hereby elects to purchase                     Warrant
Shares (as defined in the Warrant) of the Company pursuant to the terms of the attached Common Stock Purchase Warrant (the “Warrant”),
and tenders herewith payment in lawful money of the United States of the exercise price in full, together with all applicable transfer
taxes, if any.

 

(2)
Please issue a certificate or certificates representing said Warrant Shares in the name of, and delivered to:

 

	 	Name:	 	 	 
	 	 	 	 	 
	 	Address:	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	Tax
    ID: 	 	 

 

(3)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D under the Securities Act
of 1933, as amended.

 

 

	Dated:	 	 	 	 
	 	 	 	 	 
		 	By: 	 	 
	 	 	 	 	 
		 	Name: 	 	 
	 	 	 	 	 
		 	Title: 	 	 

 

(Signature
must conform in all respects to the name of

the
holder as specified on the face of the Warrant)

 

    	 

    	 

    

 

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, the foregoing Common Stock Purchase Warrant and all rights evidenced thereby are hereby assigned to:

 

	 	Name:	 	 
	 	 	 	 
	 	Address:	 	 
	 	 	 	 
	 	 	 	 

 

	Dated:	 	 	 
	 	 	 	 
		 	By:	 
	 	 	 	 
		 	Name: 	 
	 	 	 	 
		 	Title: 	 

 

(Signature
must conform in all respects to the name of

the
holder as specified on the face of the Warrant)

 

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.

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