Document:

EXECUTION COPY

 

FIRST OMNIBUS AMENDMENT TO TRANSFER DOCUMENTS

 

THIS FIRST OMNIBUS
AMENDMENT TO TRANSFER DOCUMENTS, dated as of February 28, 2010 (this “Amendment”), is entered into
by and among FOUNTAIN CITY FINANCE, LLC, a Delaware limited liability company (the
“Seller”), ENTERPRISE FUNDING COMPANY LLC, a Delaware
limited liability company (the “Investor”), Bank of America,
National Association, a national banking association (“Bank of America”), as a Bank and as the
agent (the “Agent”) for the Investors and the Banks, DST SYSTEMS, INC., a Delaware corporation (“DST
Systems”), as the Parent and the Servicer, and each of the parties named on Schedule I hereto (each, an “Originator”
and, collectively, the “Originators”). Capitalized terms used and not otherwise defined herein are used
as defined in the Receivables Purchase Agreement (as defined below).

 

WHEREAS, the Originators
and DST Systems have entered into that certain Originator Purchase Agreement, dated as of May 21, 2009 (the “Initial
Originator Purchase Agreement” and, as amended hereby, the “Originator Purchase Agreement”);

 

WHEREAS, DST Systems
and the Seller have entered into that certain Purchase and Contribution Agreement, dated as of May 21, 2009 (the “Initial
Purchase and Contribution Agreement” and, as amended hereby, the “Purchase and Contribution Agreement”);

 

WHEREAS, the Seller,
the Investor, Bank of America, DST Systems and the Originators have entered into that certain Receivables Purchase Agreement, dated
as of May 21, 2009 (as amended to the date hereof, the “Initial Receivables Purchase Agreement” and,
as amended hereby, the “Receivables Purchase Agreement” and, the Initial Receivables Purchase Agreement,
together with the Initial Originator Purchase Agreement and the Initial Purchase and Contribution Agreement, the “Transfer
Documents”);

 

WHEREAS, the parties
hereto desire to amend the Transfer Documents in certain respects as provided herein;

 

NOW THEREFORE, in consideration
of the premises and the other mutual covenants contained herein, the parties hereto agree as follows:

 

SECTION
1.          Amendments. Effective as of the Effective Date (as defined
below), the following amendments are made to the Transfer Documents specified below:

 

(a)          Amendments
to the Initial Originator Purchase Agreement.

 

(i)          A
definition of “Credit Card Receivable” is hereby added to Section 1.01 of the Initial Originator Purchase Agreement
in alphabetical order after the term “Agreement”, as follows:

 

“Credit
Card Receivable” means an indebtedness of any Person to any Seller and any right of any Seller to payment from or on
behalf of such Person whether constituting an account, chattel paper, investment or general intangible, arising in connection with
the sale of goods or the rendering of services by such Seller, including the right to payment of any interest, fees, finance charges
or late payment charges and other obligations of such Person with respect thereto, which indebtedness may be paid by such Person
to such Seller through the use of a credit card.

 

    	 

    	 

    

 

(ii)         The
definition of “Receivable” in Section 1.01 of the Initial Originator Purchase Agreement is hereby deleted in its entirety
and replaced with the following definition:

 

“Receivable”
means any indebtedness of any Person to any Seller and any right of any Seller to payment from or on behalf of such Person whether
constituting an account, chattel paper, investment or general intangible, arising in connection with the sale of goods or the rendering
of services by such Seller, including the right to payment of any interest, fees, finance charges or late payment charges and other
obligations of such Person with respect thereto; provided that no Credit Card Receivable shall be a “Receivable”
for purposes of this Agreement.

 

(b)          Amendments
to the Initial Purchase and Contribution Agreement.

 

(i)          A
definition of “Credit Card Receivable” is hereby added to Section 1.01 of the Initial Purchase and Contribution Agreement
in alphabetical order after the term “Agreement”, as follows:

 

“Credit
Card Receivable” means an indebtedness of any Person to any Originator (without giving effect to any transfer under the
Initial Purchase Agreement) and any right of any Originator to payment from or on behalf of such Person whether constituting an
account, chattel paper, investment or general intangible, arising in connection with the sale of goods or the rendering of services
by such Originator, including the right to payment of any interest, fees, finance charges or late payment charges and other obligations
of such Person with respect thereto, which indebtedness may be paid by such Person to such Originator through the use of a credit
card.

 

(ii)         The
definition of “Receivable” in Section 1.01 of the Initial Purchase and Contribution Agreement is hereby deleted in
its entirety and replaced with the following definition:

 

“Receivable”
means any indebtedness of any Person to any Originator (without giving effect to any transfer under the Initial Purchase Agreement)
and any right of any Originator to payment from or on behalf of such Person whether constituting an account, chattel paper, investment
or general intangible, arising in connection with the sale of goods or the rendering of services by such Originator, including
the right to payment of any interest, fees, finance charges or late payment charges and other obligations of such Person with respect
thereto; provided, that unless expressly stated otherwise, each Closing Date Receivable shall be a “Receivable”
for purposes of this Agreement; provided, further, that no Credit Card Receivable shall be a “Receivable”
for purposes of this Agreement.

 

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(c)          Amendments
to the Initial Receivables Purchase Agreement.

 

(i)          Section
1.01 of the Initial Receivables Purchase Agreement is hereby amended as follows:

 

(A)         The
definition of “Collections” is hereby amended by adding “, all late payment charges” after the words “all
finance charges”.

 

(B)         A
definition of “Credit Card Receivable” is hereby added in alphabetical order after the term “Agreement”,
as follows:

 

“Credit
Card Receivable” means an indebtedness of any Person to any Originator (without giving effect to any transfer under the
Initial Purchase Agreement or the Secondary Purchase Agreement) and any right of any Originator to payment from or on behalf of
such Person whether constituting an account, chattel paper, investment or general intangible, arising in connection with the sale
of goods or the rendering of services by such Originator, including the right to payment of any interest, fees, finance charges
or late payment charges and other obligations of such Person with respect thereto, which indebtedness may be paid by such Person
to such Originator through the use of a credit card.

 

(C)         The
definition of “Defaulted Receivable” is hereby amended by (1) replacing the period following the word “Receivable”
in clause (iv) thereof with a semi-colon and (2) adding the following proviso to the definition after clause (iv) thereof as follows:

 

provided
that the parties to this Agreement acknowledge and agree that no finance charge or late payment charge shall be considered a “Receivable”
for purposes of this definition.

 

(D)         The
definition of “Delinquent Receivable” is hereby amended by (1) replacing the period following the word “Seller”
in clause (ii) thereof with a semi-colon and (2) adding the following proviso to the definition after clause (ii) thereof as follows:

 

provided
that the parties to this Agreement acknowledge and agree that no finance charge or late payment charge shall be considered a “Receivable”
for purposes of this definition.

 

(E)         The
definition of “Receivable” is hereby deleted in its entirety and replaced with the following definition:

 

“Receivable”
means any indebtedness of any Person to any Originator (without giving effect to any transfer under the Initial Purchase Agreement
or the Secondary Purchase Agreement) and any right of any Originator to payment from or on behalf of such Person whether constituting
an account, chattel paper, investment or general intangible, arising in connection with the sale of goods or the rendering of services
by such Originator, including the right to payment of any interest, fees, finance charges or late payment charges and other obligations
of such Person with respect thereto; provided, that unless expressly stated otherwise, each Closing Date Receivable shall
be a “Receivable” for purposes of this Agreement; and provided, further, that no Credit Card Receivable
shall be a “Receivable” for purposes of this Agreement.

 

    	3

    	 

    

 

(F)         The
definition of “Related Security” is hereby deleted in its entirety and replaced with the following definition:

 

“Related Security”
means with respect to any Receivable:

 

(i)          all
of the related Originator’s interest in any merchandise (including returned merchandise) relating to any sale giving rise
to such Receivable;

 

(ii)         all
security interests or liens and property subject thereto from time to time purporting to secure payment of such Receivable, whether
pursuant to the Contract related to such Receivable or otherwise, together with all financing statements filed against an Obligor
describing any collateral securing such Receivable;

 

(iii)        the
Contract and all guaranties, indemnities, warranties, insurance (and proceeds and premium refunds thereof) and other agreements
or arrangements of whatever character from time to time supporting or securing payment of such Receivable whether pursuant to the
Contract related to such Receivable or otherwise; and

 

(iv)        all
contracts and all other documents, purchase orders, invoices (including notifications related to finance charges or late payment
charges), agreements, books, records and other information (including, without limitation, computer programs, tapes, discs, punch
cards, data processing software and related property and rights) relating to such Receivable and the related Obligor.

 

(ii)         Section
2.04 of the Initial Receivables Purchase Agreement is hereby amended by adding clause (g) after clause (f) of such section, as
follows:

 

			“(g)          The parties hereto acknowledge
and agree that any finance charges or late payment charges paid by an Obligor shall be part of the Collections to be distributed
in accordance with this Section 2.04; provided, however, that outstanding finance charges or late payment
charges owed by any Obligor shall not, at any time, increase the Outstanding Balance of any Receivable related to such Obligor.”

 

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SECTION
2.          Release of Credit Card Receivables; Consent to Reconvey.

 

(a)          Each
of the Investor and Bank of America hereby (i) sells, assigns, transfers and reconveys, without recourse, representation or warranty,
all of its right and interest in and to each Credit Card Receivable, if any, to the Seller, (ii) releases, terminates and discharges
any and all Adverse Claims it may have on such Credit Card Receivables, (iii) authorizes the filing of related UCC financing statement
amendments to exclude all Credit Card Receivables from the description of the collateral and (iv) consents to the reconveyance
by the Seller to DST Systems, and by DST Systems to the related Originator, respectively, of all Credit Card Receivables.

 

(b)          The
Seller hereby (i) sells, assigns, transfers and reconveys, without recourse, representation or warranty, all of its right, title
and interest in, to and under each Credit Card Receivable, if any, owned by it to DST Systems, (ii) releases, terminates and discharges
any and all Adverse Claims it may have on such Credit Card Receivables and (iii) authorizes the filing of related UCC financing
statement amendments to exclude all Credit Card Receivables from the description of the collateral.

 

(c)          DST
Systems hereby (i) sells, assigns, transfers and reconveys, without recourse, representation or warranty, all of its right, title
and interest in, to and under each Credit Card Receivable, if any, owned by it to the related Originator, (ii) releases, terminates
and discharges any and all Adverse Claims it may have on such Credit Card Receivables and (iii) authorizes the filing of related
UCC financing statement amendments to exclude all Credit Card Receivables from the description of the collateral.

 

(d)          Each
Originator and each of DST Systems and the Seller, respectively, hereby agrees that it shall not have any recourse against the
Investor or Bank of America with respect to any Credit Card Receivable and neither the Investor nor Bank of America makes any representation
or warranty or assumes any responsibility with respect to any Credit Card Receivable.

 

SECTION
3.          Effective Date. This Amendment shall become effective as of
the date (the “Effective Date”) that the Agent shall have received counterparts hereof duly executed
by each of the parties hereto. Upon the effectiveness of this Amendment, each Originator, the Seller and DST Systems, respectively,
hereby reaffirms all representations and warranties made by it in the Transfer Agreements to which it is a party and agrees that
all such representations and warranties shall be deemed to have been remade as of the Effective Date.

 

SECTION
4.          Miscellaneous.

 

(a)          References
in the Transaction Documents. Upon the effectiveness of this Amendment, each reference in the Transfer Documents to “this
Agreement”, “hereunder”, “hereof”, “herein”, or words of like import shall mean and be
a reference to such Transfer Document as amended hereby, and each reference to such Transfer Document in any other Transaction
Document or any other document, instrument or agreement, executed and/or delivered in connection with any Transaction Document
shall mean and be a reference to such Transfer Document as amended hereby.

 

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(b)          Effect
on Transfer Documents. Except as specifically amended hereby, each Transfer Document shall remain in full force and effect.
This Amendment shall not constitute a novation of any Transfer Document, but shall constitute an amendment thereof.

 

(c)          No
Waiver. The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy
of any Person under the Transfer Documents or any other Transaction Document or any other document, instrument or agreement executed
in connection therewith, nor constitute a waiver of any provision contained therein.

 

(d)          Fees
and Expenses. The Seller and DST Systems agree to pay all costs, fees, and expenses (including, without limitation, reasonable
attorneys’ fees and time charges of attorneys) incurred by the Agent and the Investor in connection with the preparation,
execution and enforcement of this Amendment.

 

(e)          Successors
and Assigns. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and assigns.

 

(f)          Counterparts.
This Amendment may be executed in any number of counterparts, and by the different parties hereto on the same or separate counterparts,
each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page by facsimile or other electronic means shall be effective as delivery of
a manually executed counterpart of this Amendment.

 

(g)          Headings.
The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not
be deemed to affect the meaning or construction of any of the provisions hereof.

 

(h)          Amendments.
This Amendment may not be amended or otherwise modified except as provided in the Transfer Documents.

 

(i)          GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE
TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

 

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IN WITNESS WHEREOF,
the parties hereto have caused this Amendment to be executed and delivered by their duly authorized officers as of the date hereof.

 

	SELLER:	FOUNTAIN CITY FINANCE, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Treasurer

 

	PARENT:	DST SYSTEMS, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Vice President and
	 	 	            Chief Accounting Officer

 

	SERVICER:	DST SYSTEMS, INC.
	 	 
	 	By:	           /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:  Vice President and
	 	 	           Chief Accounting Officer

 

	ORIGINATORS:	DST SYSTEMS, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Vice President and
	 	 	            Chief Accounting Officer

 

	 	DST HEALTH SOLUTIONS, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

[Signature Page to First Omnibus Amendment
to Transfer Documents - DST Systems]

 

    	 

    	 

    

 

	 	DST OUTPUT, LLC
	 	 
	 	By: 	             /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer
	 	 
	 	DST OUTPUT CENTRAL, LLC
	 	 
	 	By: 	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer
	 	 
	 	DST OUTPUT EAST, LLC
	 	 
	 	By:	           /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	DST OUTPUT WEST, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	DST OUTPUT GRAPHICS, LLC
	 	 
	 	By: 	             /s/ Gregg Wm. Givens
	 	 	Name:  Gregg Wm. Givens
	 	 	Title:    Assistant Treasurer

 

	 	DST TECHNOLOGIES, INC.
	 	 
	 	By:	             /s/ Gregg Wm. Givens
	 	 	Name:  Gregg Wm. Givens
	 	 	Title:    Assistant Treasurer

 

[Signature Page to First Omnibus Amendment
to Transfer Documents - DST Systems]

 

    	 

    	 

    

 

	 	DST STOCK TRANSFER, INC.
	 	 
	 	By:	          /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title: Assistant Treasurer

 

	 	DST GLOBAL SOLUTIONS NORTH AMERICA LTD.
	 	 
	 	By:	             /s/ Gregg Wm. Givens
	 	 	Name:  Gregg Wm. Givens
	 	 	Title:    Assistant Treasurer

 

	 	DST HEALTH SOLUTIONS, LLC
	 	 
	 	By: 	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 		Title:   Assistant Treasurer

  

	 	DST MAILING SERVICES, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Treasurer

 

	 	ISPACE SOFTWARE TECHNOLOGIES, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer	 

 

	 	ARGUS HEALTH SYSTEMS, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

[Signature Page to First Omnibus Amendment
to Transfer Documents - DST Systems]

 

    	 

    	 

    

 

	 	DST DIRECT, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	DST OUTPUT ELECTRONIC SOLUTIONS, INC.
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	DST TASS, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer
	 	 
	 	DST WORLDWIDE SERVICES, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

	 	DST RETIREMENT SOLUTIONS, LLC
	 	 
	 	By:	            /s/ Gregg Wm. Givens
	 	 	Name: Gregg Wm. Givens
	 	 	Title:   Assistant Treasurer

 

[Signature Page to First Omnibus Amendment
to Transfer Documents - DST Systems]

 

    	 

    	 

    

 

	INVESTOR:	ENTERPRISE FUNDING COMPANY LLC
	 	 
	 	By:	           /s/ Kevin P. Burns
	 	 	Name: Kevin P. Burns
	 	 	Title:   Vice President

 

	AGENT:	BANK OF AMERICA, NATIONAL ASSOCIATION, as Agent
	 	 
	 	By:	            /s/ Jeremy Grubb
	 	 	Name: Jeremy Grubb
	 	 	Title:  Vice President

 

	BANK:	BANK OF AMERICA, NATIONAL ASSOCIATION
	 	 
	 	By:	            /s/ Jeremy Grubb
	 	 	Name: Jeremy  Grubb
	 	 	Title:  Vice President

 

[Signature Page to First Omnibus Amendment
to Transfer Documents - DST Systems]

 

    	 

    	 

    

 

SCHEDULE I

 

Originators:

 

DST Systems, Inc.

 

DST Output, LLC

 

DST Output Central, LLC

 

DST Output East, LLC

 

DST Output West, LLC

 

DST Output Graphics, LLC

 

DST Technologies, Inc.

 

DST Stock Transfer, Inc.

 

DST Mailing Services, Inc.

 

DST Output Electronic Solutions, Inc.

 

DST Worldwide Services, LLC

 

DST Retirement Solutions, LLC

 

Argus Health Systems, Inc.

 

DST Direct, LLC

 

DST Health Solutions, Inc.

 

DST Heath Solutions, LLC

 

DST Global Solutions North America Ltd.
(f/k/a DST International North America Ltd.)

 

DSTi Mosiki, LLC

 

iSpace Software Technologies, Inc.

 

DST TASS, LLC

 

Schedule IFORM OF WARRANT CERTIFICATE

  

EXERCISABLE ONLY IF COUNTERSIGNED BY THE
WARRANT AGENT AS PROVIDED HEREIN VOID AFTER 5 P.M. 

New York City time, ON 
              , 2019.

 

USELL.COM, INC.

WARRANT CERTIFICATE REPRESENTING

WARRANTS TO PURCHASE

COMMON STOCK, PAR VALUE $0.0001 PER SHARE

 

	No.  ______	__________ Warrants

 

This certifies that __________ or registered
assigns is the registered owner of the above indicated number of Warrants, each Warrant entitling such owner to purchase, at any
time on or after the date of issuance and on or before 5 p.m., New York City time, on the fifth anniversary of the date of
issuance (the “Expiration Date”), __________ shares of Common Stock, par value $ 0.0001 per share (the
“Warrant Securities”), of uSell.com, Inc. (the “Company”) at the exercise price per
Warrant Security of $               , subject to adjustment as provided in the Warrant
Agreement (as hereinafter defined) (the “Warrant Price”). 

 

The Holder (as hereinafter defined) may
exercise the Warrants evidenced hereby by providing certain information set forth on the back hereof and by paying in full, in
lawful money of the United States of America, by certified or official bank check payable to the Company, or by bank wire transfer
in immediately available funds, the Warrant Price for each Warrant Security with respect to which this Warrant is exercised to
the Warrant Agent (as hereinafter defined) and by surrendering this Warrant Certificate, with the purchase form on the back hereof
duly executed, at the corporate trust office of [name of Warrant Agent], or its successor as warrant agent (the “Warrant
Agent”), which is, on the date hereof, at the address specified on the reverse hereof, and upon compliance with and subject
to the conditions set forth herein and in the Warrant Agreement (as hereinafter defined). The term “Holder”
as used herein shall mean the person in whose name at the time this Warrant Certificate shall be registered upon the books to be
maintained by the Warrant Agent for that purpose pursuant to Section 4 of the Warrant Agreement.

 

At all times prior
to the Expiration Date, the Company shall use its best efforts to maintain the effectiveness of the registration statement and
current prospectus covering the shares underlying the Warrants. At any time, and only at such time or times, that the Company does
not have an effective registration statement and current prospectus on file with the Securities and Exchange Commission covering
the shares underlying the Warrants, the Holder may exercise this Warrant by surrendering such number of shares of Common Stock
received upon exercise of this Warrant with an aggregate Fair Market Value (as defined below) equal to the Purchase Price, as described
in the following paragraph (a “Cashless Exercise”).

 

If the Holder elects
to conduct a Cashless Exercise, the Company shall cause to be delivered to the Holder a certificate or certificates representing
the number of shares of Common Stock computed using the following formula:

 

	
        X = Y (A-B)

                               A

        Where:

        X =the number of
        shares of Common Stock to be issued to the Holder;

        Y=the portion
        of the Warrant (in number of shares of Common Stock) being exercised by the Holder (at the date of such calculation);

        A=the Fair
        Market Value (as defined below) of one share of Common Stock; and

        B=Exercise
        Price (as adjusted to the date of such calculation).

        

        

	 

 

    	 

    	 

    

 

For purposes of this
Warrant, Fair Market Value shall mean: (i) if the principal trading market for such securities is a national securities
exchange, the Over-the-Counter Bulletin Board or the OTC Markets (or a similar system then in use), the last reported sales price
on the principal market on the last trading day immediately prior to the date such Warrant is surrendered for exercise; or (ii)
if (i) is not applicable, and if bid and ask prices for shares of Common Stock are reported by the principal trading market, the
average of the high bid and low asked prices so reported for the trading day immediately prior to such Exercise Date. Notwithstanding
the foregoing, if there is no last reported sales price or bid and ask prices, as the case may be, for the day in question, then
Fair Market Value shall be determined as of the latest day prior to such day for which such last reported sales price or bid and
asked prices, as the case may be, are available, unless such securities have not been traded on an exchange or in the over-the-counter
market for 30 or more days immediately prior to the day in question, in which case the Fair Market Value shall be determined in
good faith by and reflected in a formal resolution of the board of directors of the Company.

 

The Warrants evidenced by this Warrant Certificate
may be exercised to purchase a whole number of Warrant Securities in registered form.  Upon any exercise of fewer than all
of the Warrants evidenced by this Warrant Certificate, there shall be issued to the Holder hereof a new Warrant Certificate evidencing
Warrants for the number of Warrant Securities remaining unexercised.

  

This Warrant Certificate is issued under
and in accordance with the Warrant Agreement dated as of June         , 2014 (the “Warrant Agreement”),
between the Company and the Warrant Agent and is subject to the terms and provisions contained in the Warrant Agreement, to all
of which terms and provisions the Holder of this Warrant Certificate consents by acceptance hereof.  Copies of the Warrant
Agreement are on file at the above-mentioned office of the Warrant Agent.

 

Transfer of this Warrant Certificate may
be registered when this Warrant Certificate is surrendered at the corporate trust office of the Warrant Agent by the registered
owner or such owner’s assigns, in the manner and subject to the limitations provided in the Warrant Agreement.

 

After countersignature by the Warrant Agent
and prior to the expiration of this Warrant Certificate, this Warrant Certificate may be exchanged at the corporate trust office
of the Warrant Agent for Warrant Certificates representing Warrants for the same aggregate number of Warrant Securities.

 

This Warrant Certificate shall not entitle
the Holder hereof to any of the rights of a holder of the Warrant Securities, including, without limitation, the right to receive
payments of dividends or distributions, if any, on the Warrant Securities (except to the extent set forth in the Warrant Agreement)
or to exercise any voting rights.

 

Reference is hereby made to the further
provisions of this Warrant Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the
same effect as if set forth at this place.

 

This Warrant Certificate shall not be valid
or obligatory for any purpose until countersigned by the Warrant Agent.

 

 

IN WITNESS WHEREOF, the Company has
caused this Warrant to be executed in its name and on its behalf by the facsimile signatures of its duly authorized officers.

 

[Signature page follows]

 

 

	Dated:	 	 
	 	uSell.com, Inc., as Company	 
	 	 	 	 
	 	By:	 	 
	 	Name:	  Daniel Brauser	 
	 	Title:	  Chief Executive Officer	 
	 	 	 
	 	COUNTERSIGNED	 
	 	 	 
	 	
        __________, as Warrant Agent 
	 
	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	ATTEST:	 

 

 

    	 

    	 

    

 

[REVERSE OF WARRANT CERTIFICATE]

(Instructions for Exercise of Warrant)

 

To exercise any Warrants evidenced hereby
for Warrant Securities (as hereinafter defined), the Holder must pay, in lawful money of the United States of America, by certified
or official bank check payable to the Company, or by bank wire transfer in immediately available funds, the Warrant Price in full
for Warrants exercised, to __________ [address of Warrant Agent], Attention: __________, which payment must specify the name of
the Holder and the number of Warrants exercised by such Holder.  In addition, the Holder must complete the information required
below and present this Warrant Certificate in person or by mail (certified or registered mail is recommended) to the Warrant Agent
at the appropriate address set forth above.  This Warrant Certificate, completed and duly executed, must be received by the
Warrant Agent within five business days of the payment.

 

 (To be executed
upon exercise of Warrants)

 

The undersigned hereby irrevocably elects
to exercise __________ Warrants, evidenced by this Warrant Certificate, to purchase __________ shares of the Common Stock, par
value $0.0001 per share (the “Warrant Securities”), of uSell.com, Inc. and represents that he or she has tendered
payment for such Warrant Securities, in lawful money of the United States of America, by certified or official bank check payable
to the Company, by bank wire transfer in immediately available funds (or if there is not an effective registration statement and
correct prospectus, by a cashless exercise), to the order of uSell.com, Inc., do [insert name and address of Warrant Agent], in
the amount of $                in accordance with the terms hereof.  The undersigned
requests that said Warrant Securities be in fully registered form in the authorized denominations, registered in such names and
delivered all as specified in accordance with the instructions set forth below.

 

If the number of Warrants exercised is less
than all of the Warrants evidenced hereby, the undersigned requests that a new Warrant Certificate evidencing the Warrants for
the number of Warrant Securities remaining unexercised be issued and delivered to the undersigned unless otherwise specified in
the instructions below.

 

	Dated:	 	 	Name:	 
	 	 	 	Please Print
	 Address:	 	 	 
	 	 	 	 
	 	 	 	 

 

	 	 
	(Insert Social Security or Other Identifying Number of Holder)	 
	Signature Guaranteed:	 	 
	 	 	 
	 	 	 

  

	 	 
	Signature	 

 

(Signature must conform in all respects to name of holder as
specified on the face of this Warrant Certificate and must bear a signature guarantee by a FINRA member firm).

 

 

 

This Warrant may be exercised at the following addresses:

 

By hand at:

 

By mail at:

 

    	 

    	 

    

ASSIGNMENT

 

[Form of assignment to be executed if Warrant
Holder desires to transfer Warrant]

 

FOR VALUE RECEIVED, ______________
hereby sells, assigns and transfers unto:

 

	 	 	 
	(Please print name and address including zip code)	 	Please print Social Security or other identifying number

 

the right represented by the within Warrant to purchase shares
of Common Stock of uSell.com, Inc. to which the within Warrant relates and appoints attorney _____________ to transfer such
right on the books of the Warrant Agent with full power of substitution in the premises.

 

	Dated:	 	 	Name:	 
	 	 	 	 	Signature

 

(Signature must conform in all respects to name of holder as
specified on the face of the Warrant)

 

	Signature 

Guaranteed:	 	 
	 	 	 
	 	 	 

 

	 	 
	Signature

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