Document:

EX-10.15

 Exhibit 10.15 

Execution Version 

TRANSITION SERVICES AGREEMENT 

TRANSITION SERVICES AGREEMENT (this “Agreement”), dated as of [•] (the “Effective Date”), by and
among Goldman Sachs Asset Management, L.P., a Delaware limited partnership (“Provider”), Goldman Sachs Renewable Power LLC, a limited liability company organized under the laws of the State of Delaware (“GSRP”), MN8
Energy, Inc., a Delaware corporation (“GSRP Holdings”), Goldman Sachs Renewable Power Operating Company LLC, a Delaware limited liability company (“OpCo” and, together with GSRP and GSRP Holdings, the
“Recipients”). Each of the foregoing is sometimes referred to herein individually as a “Party” and collectively as the “Parties”). 

W I T N E S S E T H: 

WHEREAS, the business of the Recipients has historically been externally managed by Provider; and 

WHEREAS, on May 18, 2022, Provider, the Recipients, and GSAM Holdings II LLC, a Delaware limited liability company, entered into
that certain Internalization Agreement (the “Internalization Agreement”), which provides, among other things, upon the terms and subject to the conditions thereof, for the execution and delivery of this Agreement, whereby Provider
shall provide, or cause to be provided, to the Recipients certain transitional services with respect to the business of the Recipients (the “Business”) on the terms and subject to the conditions set forth herein. 

NOW, THEREFORE, in consideration of the mutual agreements set forth herein and in the Internalization Agreement, it is hereby agreed as
follows: 
 1. Defined Terms; Interpretation and Rules of Construction. 

(a) Unless otherwise defined herein, capitalized terms used in this Agreement shall have the meanings given them in the Internalization
Agreement. 
 (b) Pursuant to this Agreement, Provider shall use commercially reasonable efforts to provide or cause to be provided to the
Recipients certain services. For convenience, the services to be provided hereunder are referred to herein in the singular as a “Service” and collectively as the “Services”. 

2. Services. 
 (a) Subject
to the terms and conditions of this Agreement, Provider shall use commercially reasonable efforts to provide, or cause to be provided, to the Recipients the Services described in Exhibit A. 

(b) Exhibit A identifies, in the “Service Sub-Category” column,
(i) Provider’s personnel (the “Provider Representatives”) who will be responsible for coordinating with the Recipients the provision of Services under this Agreement and (ii) the Recipients’ personnel (the
“Recipient Representatives”, and together with the Provider Representatives, collectively the “Representatives”) who will be Provider’s primary points of contact for the Provider Representatives to perform the
Services under this Agreement. If an update to the Representatives identified on Exhibit A is necessary prior to the termination of this Agreement, the Party requiring such update shall provide the other Parties with prior written notice of
such update, which notice shall include the name and contact information of any new and/or replacement Representative(s). 

 (c) The Recipients acknowledge that Provider shall have the right to cause third-party
subcontractors (“Third-Party Providers”) to provide all or part of any of the Services hereunder; provided, that (i) Provider shall in all cases remain responsible for the provision of the Services to be performed by any
Third-Party Provider, (ii) each Third-Party Provider is subject to confidentiality provisions at least reasonably equivalent to those set forth herein and (iii) Provider shall use the same degree of care in selecting any such Third-Party
Provider as it would if such Third-Party Provider was being retained to provide similar services to Provider and the use of such Third-Party Provider shall not result in any greater expense to any Recipient than would have accrued had Provider
contracted for such services on its own behalf. 
 3. Cooperation. 

(a) Provider hereby appoints Anthony Mirabile and the Recipients appoint Patrick McAlpine (each, a “Relationship Manager”) to
supervise, coordinate, and manage the performance by such Party under this Agreement. Each Party shall have the right to replace the individual acting as its Relationship Manager upon prior written notice to the other Party with another person. The
Relationship Managers shall operate as the main interface between Provider and the Recipients, and each Relationship Manager shall be responsible for identifying the appropriate individuals within Provider or the Recipients, whichever is applicable,
who shall provide information and documentation in order for the Parties to perform their respective obligations hereunder. The Parties shall cooperate with each other in good faith in all matters relating to the provision and receipt of the
Services. The Relationship Managers shall meet periodically during the term of the Agreement, but in no event less than once a month, to discuss the Services, any concerns with the Services, and to receive updates on the Recipients’ progress
towards transitioning off of the Services. 
 (b) In providing the Services and performing its other obligations hereunder, under no
circumstances shall Provider be required to (i) maintain the employment of any specific employee, (ii) pay any costs related to the transfer or conversion of the Recipients’ data to Provider or any alternate supplier of Services, or
(iii) act as guarantor or third party to any agreements transferred to the Recipients that are required for the Services. Provider shall not be obligated to provide any Service in violation of Applicable Law or that Provider’s
independent auditors reasonably conclude will result in material deficiencies with Provider’s internal financial controls in connection with the keeping of its financial books and records or the preparation of its financial statements. Subject
to Section 6(a), Provider shall use commercially reasonable efforts to obtain any necessary consents, licenses or approvals of any Third-Party Provider of any products or services required to be used in providing the
Services pursuant to this Agreement (“Third-Party Products and Services”), at the Recipients’ sole cost and expense. The Recipients understand and agree that provision of any Services requiring the use of any Third-Party
Products and Services shall be subject to receipt of any necessary consents, licenses or approvals of the applicable Third-Party Providers and that the provision of the Third-Party Products and Services will be subject to the terms and conditions
under the applicable agreements with the Third-Party Providers. 
 (c) All intellectual property (i) owned by Provider or any Third
Party Provider prior to the Effective Date or (ii) conceived, developed, authored, or created by Provider or any Third Party Provider outside of this Agreement during the performance of the Services to be provided to the Recipients, and used by
them in connection with the provision of Services (for the sake of clarity, excluding any such items being the property of the Recipients that are provided by the Recipients to Provider to facilitate Provider’s provision of the Services to the
Recipients) (the “Provider Intellectual Property”) hereunder shall remain the property of Provider or the Third Party Provider, as applicable, and shall at all times be under the sole direction and control of Provider or such Third
Party Provider. Provider hereby grants, and shall cause the Third Party Provider to grant, a worldwide, non-exclusive, irrevocable, perpetual, royalty-free, transferrable and sublicensable (through multiple
tiers) license under the Provider Intellectual Property that is specifically and exclusively developed for Recipients for its Use in the current Business of the GSRP Entities and any Permitted Business Sector. Use shall mean the rights to
(i) make, use, sell, offer to sell, and import any apparatus, method and system in the 

  
 - 2 - 

 
event that Provider Intellectual Property are rights that fall under patent law, (ii) reproduce, prepare derivative works, distribute, perform, and display any works of authorship in the
event that Provider Intellectual Property are rights that fall under copyright law, and make, use, sell, offer to sell, import, export, market, copy, reproduce, preparte derivative works, distribute, perform and display in the event that Provider
Intellectual Property are rights that fall within any other intellectual property. 
 4. Period of Time During which Services will be
Provided. 
 (a) Unless this Agreement is terminated earlier and notwithstanding an Extension Term as set forth in this
Section 4(a), Provider shall provide each Service through and including the respective end date specified for such Service on Exhibit A (in each case, an “End Date”). The Recipients may, upon no less
than thirty (30) days’ prior written notice to Provider, request to extend an End Date by the applicable period set forth on Exhibit A (the “Extension Term”). If the Recipients (or the Parties, as applicable) extend
an End Date as set forth in this Section 4(a), then the Service Fees with respect to such extended Service will automatically be increased by 15% of the initial cost of such Service during the first Extension Term, and will
automatically be increased by 30% of the initial cost of such Service for any additional Extension Terms (and Exhibit A will be deemed to be amended to reflect such increases, as applicable). If the Parties extend the End Date of any Service
that has been identified on Exhibit A as being intertwined with one or more other Services, then the End Date of such other Services must also be extended (without any increase to the corresponding Service Fees). 

(b) Except as may specifically be set forth in Exhibit A, the Recipients may terminate this Agreement at any time with respect to any
Service upon giving Provider no less than thirty (30) days’ prior written notice, which notice shall include the effective date of such termination (which may not be fewer than thirty (30) days following Provider’s receipt of
such notice, in which event the Recipients shall not be relieved from any obligations arising under this Agreement prior to such termination of any or all of the Services or such obligations respecting those Services it continues to receive and
shall be responsible to pay for such terminated Service through the date of its termination. For the avoidance of doubt, the Recipients will not be refunded a pro-rata amount upon termination of any Service
with a One Time Fee (as specified in Exhibit A). It is agreed that the Recipients shall pay to Provider the actual, out-of-pocket, third-party costs incurred by
Provider directly resulting from such early termination of any Service, which such costs shall be set forth in a written statement, together with reasonable supporting detail for the determination thereof, provided by Provider to the Recipients.
Subject to this Article 4, this Agreement shall terminate with respect to a particular Service on the applicable End Date for such Service. This Agreement shall terminate in its entirety upon the termination of the last Service being provided
pursuant to this Agreement, unless otherwise mutually agreed in writing by the Parties. 
 (c) Upon termination of this Agreement, the
Recipients shall coordinate and cooperate with Provider regarding the return of certain assets set forth on Exhibit D. 
 (d)
Sections 4(c) (Post-Termination Obligations), 6 (Fees for the Services), 9 (Warranties; Limitations of Liability), 11 (Confidentiality) and 12 (Miscellaneous) shall survive the expiration or termination of this
Agreement in whole or with respect to one or more Services. 
 5. Service Quality; Level of Services; Use of Services. 

(a) Provider shall perform the Services for the Recipients in a manner and quality that are substantially consistent with Provider’s
provision of Services for the Business during the six (6)- month period immediately prior to the execution of this Agreement (“Baseline Period”) and in compliance with Applicable Law. For any Services for internalization support not
provided to the Recipients by Provider prior to the closing of the Internalization Agreement, Provider shall perform such Services for the 

  
 - 3 - 

 
Recipients in a manner no less favorable than the manner in which Provider provides such Services internally to its own business. Provider shall not be responsible for any inability to provide a
Service or any delay in doing so to the extent that such inability or delay is the result of the failure of the Recipients to timely provide the information, access, or other cooperation reasonably necessary for Provider to provide such Service.

 (b) The Recipients agree that their use of any and all Services hereunder shall not be substantially greater than or different from,
taking into account that the Recipients are now unaffiliated third parties of Provider, their receipt of said services in connection with the Business during the Baseline Period. 

(c) The Recipients shall not, and shall cause their Affiliates not to, permit the use of the Services by any Person other than by the
Recipients in connection with the conduct of the operations of the Business as conducted during the Baseline Period and consistent with Section 5(b). 

(d) In the event that the Recipients hire any personnel of Provider after the date of this Agreement, the Recipients acknowledge and agree
that after the date thereof, Provider shall have no further obligation to provide Services that were provided by such personnel. 
 6.
Fees for the Services. 
 (a) In consideration for any Services provided under this Agreement, the Recipients shall pay the fees
applicable to such Services as set forth in Exhibit A (“Service Fees”) and any additional out-of-pocket costs incurred by Provider in the use of
Third-Party Providers to provide the Services; provided, that Provider must obtain the Recipients’ prior written consent for any costs in the aggregate in excess of $100,000. For the avoidance of doubt, such Services Fees represent the
total amount due from the Recipients as a whole and not on an individual basis. Subject to Section 4(b), the Recipients shall not be obligated to pay the Service Fees for Services that they do not receive; provided that a
failure to meet the service standards set forth in Section 5(a) shall not alone relieve the Recipients of their obligations under this Section 6. 

(b) If as the result of any change in the type, configuration and/or level of Services requested by the Recipients, in each case as agreed to
by the Parties in writing, Provider expects to incur any additional expenses not reflected in the amounts set forth in Exhibit A, Provider shall notify the Recipients of the expected additional expenses (and obtain the Recipients’ prior
written consent if such expenses are expected to exceed $100,000 in the aggregate), and the Recipients shall reimburse Provider for such additional expenses; provided, that if the Recipients do not consent, Provider is not obligated to
provide such Services. Provider will submit to the Recipients for payment monthly invoices of amounts due in arrears under this Agreement. Any Services that are monthly fees, expenses or charges will apply to each full month and, on a pro rata
basis, to each partial month in which the applicable Service is provided. 
 (c) For the period commencing on the Effective Date and
terminating upon the transfer of the Lease to a Recipient, the Recipients shall reimburse Provider for any scheduled lease payments made by Provider or its Affiliates during such period under that certain lease agreement dated February 25, 2019
(the “Lease”) for the office premises located at 750 Park of Commerce Boulevard in Boca Raton, Florida. 
 (d) Except as
may otherwise be specifically provided in Exhibit A, the Recipients shall pay to Provider the undisputed amounts and expense reimbursements set forth in this Section 6 on a monthly basis within thirty (30) days
of receipt of invoice (the “Initial Payment Date”). Each invoice shall itemize each Service provided to the Recipients and its corresponding Service Fee, and for any Service identified in Exhibit A as having variable costs,
Provider shall also provide to the Recipients reasonable supporting 

  
 - 4 - 

 
detail for the determination of such variable costs. The Recipients may in good faith object to any amounts and expense reimbursements owed by the Recipients to Provider pursuant to
Provider’s invoice; provided, that (A) the Recipients shall pay any undisputed amounts and undisputed expense reimbursements and (B) such objection is made in writing to Provider no later than thirty (30) days after
receipt of the applicable invoice. The Parties shall meet as expeditiously as possible to resolve such dispute. If such dispute is not resolved between the Parties within thirty (30) days after delivery of any such written objection, the
Parties agree to submit the dispute to arbitration, subject to Section 12(e). 
 (e) If the Recipients fail to
make payment for any Services in accordance with this Section, they shall be required to pay, in addition to such unpaid amount, interest on such amount at the rate of interest per annum publicly announced by JP Morgan Chase Bank from time to time
as its prime rate in effect at its office located at 270 Park Avenue, New York, New York. 
 7. Network Access and Security. 

(a) All interconnectivity by Provider to the computing systems and/or networks of the Recipients and all attempts at such interconnectivity
shall be only through the security gateways/firewalls of the Parties or through such other security means as used by Provider (or otherwise in accordance with Provider’s then-current security policies) to provide Services to the Business
immediately prior to the Closing. 
 (b) No Party shall access, and the Parties will take reasonable actions designed to prevent
unauthorized Persons from accessing, the computing systems and/or networks of any other Party without such other Party’s express written authorization or except as otherwise authorized or reasonably required by such other Party pursuant to this
Agreement, and any such actual or attempted access shall be consistent with any such authorization or this Agreement. 
 (c) The Recipients
shall comply with any and all rules, policies and procedures of Provider related to the access and use of the information systems, software and data of Provider (as provided to the Recipients in writing and as may be updated from time to time in the
ordinary course of business provided, that Provider shall provide the Recipients and its personnel advanced written notice of any modified rules, policies and procedures), including, without limitation, execution of applicable on-boarding documentation, and rules, policies and procedures applicable to non-employees, visitors, and guests of Provider. If Provider determines, in its reasonable
discretion, that further screening of the Recipients’ personnel is required because of the access to systems, premises or information contemplated by the Services, then Provider may also conduct background, reference, educational, criminal
record, credit and other checks, as well as finger printing and drug screens (where such testing is permissible by Applicable Law), and require additional agreements on confidentiality and security with such personnel in its reasonable discretion.

 (d) The Parties shall use commercially reasonable efforts to maintain, and update pursuant to a commercially reasonable schedule, and
more frequently in response to specific threats that become known from time to time, a virus detection/scanning program in connection with the connectivity by the Recipients to Provider computing systems and/or networks, which shall be consistent in
all material respects with that used by such Parties immediately prior to the Closing. 
 8. Indemnification. 

(a) The Recipients agree to indemnify Provider and its Affiliates and Subsidiaries and their respective managers, officers, directors,
employees, representatives, successors and permitted assigns (collectively, the “Provider Indemnified Parties”) and hold them harmless from and against any and all third-party claims, actions, damages, liabilities, taxes and
expenses (“Damages”) incurred by the Provider 

  
 - 5 - 

 
Indemnified Parties, to the extent caused by, resulting from or arising out of the provision of Services under this Agreement, except, with respect to any Provider Indemnified Party, to the
extent that such Damages result from the gross negligence, willful misfeasance or bad faith of such Provider Indemnified Party; provided, however, that in no event shall any Recipient be responsible for any income tax liabilities of
the Provider Indemnified Parties or any of their direct or indirect owners. 
 9. Warranties; Limitations of Liability. 

(a) EXCEPT AS EXPRESSLY PROVIDED IN SECTION 5, PROVIDER MAKES NO WARRANTY, EXPRESS OR IMPLIED, WITH RESPECT TO ANY OR ALL OF THE
SERVICES PROVIDED HEREUNDER. In no event shall Provider or any of its Affiliates have any liability to the Recipients for any claims, losses, damages, judgments, costs or expenses which the Recipients may suffer or incur solely as a result of
injuries to personnel of the Recipients. 
 (b) In no event shall Provider or its Affiliates or the Recipients or their Affiliates have any
liability, whether in contract, tort (including negligence and strict liability) or otherwise, for any special, indirect, incidental, treble, multiple-based or consequential damages whatsoever (except, in each case, to the extent any such amount is
awarded to a third party by a court of competent jurisdiction) which in any way arise out of, relate to or are a consequence of, the performance or nonperformance by it hereunder or the provision of, or failure to provide, any Service hereunder,
including with respect to loss of profits, business interruptions or claims of customers. 
 (c) In the event of any breach of this
Agreement by Provider with respect to any error, defect or breach in the manner of provision of any Service, Provider shall notify the Recipients in writing and use commercially reasonable efforts to correct in all material respects such error,
defect or breach or re-perform in all material respects such Service at the request of the Recipients. 

(d) The liability of Provider and its Affiliates or the Recipients and its Affiliates with respect to or arising out of this Agreement or any
act or failure to act in connection herewith (including, the performance or breach hereof), or from the sale, delivery, provision or use of any Service provided under or covered by this Agreement, whether in contract, tort (including negligence and
strict liability) or otherwise, shall be limited to the aggregate fees payable under the Agreement in the last twelve (12) months.  

10. Taxes. 
 (a) In
addition to the Service Fees applicable to the Services or other amounts payable by the Recipients hereunder, the Recipients shall pay all applicable sales, use, value added, GST, consumption or other similar taxes chargeable on the Service Fees or
otherwise on the provision of Services provided for herein, together with any interest, penalties or amounts imposed with respect thereto (“Service Taxes”), regardless of whether such Service Taxes are invoiced with the applicable
fee payment, added retroactively or subsequently imposed in connection with any tax audit, claim, assessment or other tax proceeding. Any such Service Taxes shall be paid directly to the relevant taxing authority by the Party primarily or
customarily responsible under Applicable Law for the payment of such Service Taxes; provided, however, that if the Provider is required to pay such Service Taxes the Recipients shall reimburse Provider for such Service Taxes within
thirty (30) days of receipt by the Recipients of an invoice with respect thereto and written evidence of the remittance of such Service Taxes to the relevant taxing authority. If any Recipient is exempt from any Service Taxes, such Recipient
shall furnish Provider with a valid and properly completed resale or other applicable exemption certificate, as required under Applicable Law. 

  
 - 6 - 

 (b) If Applicable Law requires that an amount in respect of any taxes, levies or charges be
withheld from any payment to Provider under this Agreement, the Recipients shall (i) notify Provider of such required withholding, (ii) withhold from amounts otherwise due to Provider hereunder any taxes required to be withheld, and
(iii) remit such withheld taxes when due to the applicable taxing authorities, and the amount payable to Provider shall be increased as necessary so that, after such withtholding, Provider receives an amount equal to the amount it would have
received had no such withholding been required (including any withholding imposed in respect of any additional amounts paid hereunder); provided, for the avoidance of doubt, that the amount payable to Provider shall not be increased with
respect to any tax which is based on Provider’s net income. As soon as practicable after any remittance of withheld taxes to a taxing authority pursuant to this Section 10(b), the Recipients shall deliver to Provider
written evidence in a form reasonably acceptable to Provider of the remittance to the applicable taxing authority of such withheld taxes. The Recipients shall provide Provider with reasonable cooperation or assistance as may be necessary to enable
Provider to claim exemption from, or a reduction in the rate of, any withholding taxes (including, without limitation, pursuant to any applicable double taxation or similar treaty), to receive a refund of such withholding taxes or to claim a tax
credit therefor. 
 11. Confidentiality. 

(a) The non-public, confidential and/or proprietary materials and/or information that may be provided
by one Party to any other Party in connection with this Agreement are referred to herein as “Confidential Information.” Each Party (a “Disclosing Party”) agrees not to (i) disclose the Confidential Information
of any other Party (a “Non-Disclosing Party”) to any third party or (ii) use the Confidential Information except as necessary to perform its obligations under this Agreement or implement
the Services, in either case without the express written consent of the Non-Disclosing Party. Further, each Party shall be responsible for any breaches of this Section 11 by its and
its Affiliates’ employees and agents. At the expiration of termination of this Agreement, all documents and other materials constituting Confidential Information of a Party shall be returned and/or destroyed by the other Parties and the
Recipients shall terminate and shall cause their employees, agents and representatives to terminate all access to any and all Provider computer systems; provided, however, the Recipients shall be entitled to retain and utilize those
documents and materials that constitute or reflect Confidential Information and that were received by them as a result of Provider’s performance of the Services, provided, further, that (A) such information is necessary to operate the
Business, (B) the Recipients agree to maintain confidentiality of such information, and (C) the Recipients only use such information for internal purposes. These confidentiality provisions shall survive the expiration or earlier
termination of this Agreement for a period of three (3) years after the Closing Date.  

(b) Confidential Information shall not be deemed to include, and no Party shall have any confidentiality obligations with respect to, any
information which (i) was generally known by the public at the time disclosed by a Disclosing Party (other than as a result of a disclosure by such Disclosing Party or its representatives in violation hereof), (ii) is or was disclosed lawfully
to a Disclosing Party by another person other than the Non-Disclosing Party that, to the receiving party’s knowledge, is not subject to a confidentiality obligation with respect thereto, (iii) is
developed independently by the relevant Disclosing Party without the use of, or reference to, the other Party’s Confidential Information, or (iv) is shared with a taxing authority or other governmental agency. 

(c) In the event that a Non-Disclosing Party receives a request, or is required, to disclose any
Confidential Information under a subpoena, court order, statute, law, rule, regulation or inquiry issued by a court of competent jurisdiction or by a judicial or administrative agency, legislative body or committee, or self-regulatory organization
(each a “Legal Request”), such Non-Disclosing Party shall, as permitted by Applicable Law, promptly notify the Disclosing Party in writing of such demand for disclosure so that the Disclosing
Party may seek to avoid or minimize the Legal Request or obtain an appropriate protective order or other relief, or in the discretion of the Disclosing Party, waive compliance with the provisions of this Agreement. If so requested, the Non-Disclosing Party shall reasonably cooperate in the defense against 

  
 - 7 - 

 
any Legal Request. If the Disclosing Party is unable to obtain or does not seek a protective order and the Non-Disclosing Party is legally required to
disclose such Confidential Information, the Non-Disclosing Party will disclose only that portion of the requested Confidential Information that it is required to disclose. The Disclosing Party agrees to
reimburse the Non-Disclosing Party for its reasonable expenses, including the reasonable fees and expenses of its counsel, in connection with action taken pursuant to this paragraph. Notwithstanding the
foregoing, notice to the Disclosing Party shall not be required where disclosure is made in response to an inquiry or examination by a regulatory or self-regulatory authority or bank examiner. 

(d) During the term of this Agreement, to the extent the Recipients come across any of (i) Provider’s private credit group
information or (ii) Provider’s information that is not related to the Business, either intentionally or through no fault of its own, the Recipients agree to immediately destroy such information and notify the Provider of the same. 

12. Miscellaneous. 
 (a)
Notices. All notices, requests and other communications to any Party hereunder shall be in writing and shall be delivered by hand or sent by facsimile (with confirmation of receipt) or sent by email (with confirmation of receipt) or sent,
postage prepaid, by registered, certified or express mail or reputable overnight courier service (provided that notices of breach or termination shall only be delivered by registered, certified or express mail or reputable overnight courier service)
and shall be given, 
  

	 	(i)	 if to the Recipients, to: 

[Goldman Sachs Renewable Power LLC] 

[•] 
 [•] 

Attention: [•] 
 E-mail: [•] 
 with a copy (which shall not constitute notice) to: 

Vinson & Elkins LLP 

845 Texas Avenue 
 Houston,
Texas 77002 
 Attention: Douglas E. McWilliams, Crosby W. Scofield 

E-mail: dmcwilliams@velaw.com; cscofield@velaw.com 

 

	 	(ii)	 if to Provider, to: 

[•] 
 [•] 

[•] 
 Attention: [•]

 E-mail: [•] 

with a copy (which shall not constitute notice) to: 

Fried, Frank, Harris, Shriver & Jacobson LLP 

One New York Plaza 
 New York,
NY 10004 
 Attention: [•] 

E-mail: [•] 

  
 - 8 - 

 or such other address as such Party may hereafter specify for the purpose by notice to the other Parties.
All such notices, requests and other communications shall be deemed received on the date of receipt by the recipient thereof if received prior to 5 p.m. in the place of receipt and such day is a Business Day in the place of receipt. Otherwise, any
such notice, request or communication shall be deemed not to have been received until the next succeeding Business Day in the place of receipt. 

(b) Assignment. Neither this Agreement nor any right, interest or obligation under this Agreement may be assigned by any Party to this
Agreement by operation of law or otherwise without the prior written consent of the other Parties to this Agreement and any attempt to do so will be void; provided, that any Party may assign this Agreement without the prior consent of any
other Party to (a) any Affiliate (provided that no such assignment shall relieve the assigning Party of its obligations hereunder) or (b) a Person that directly or indirectly acquires all of the equity interests, substantially all of the
assets, or all or part of such Party, so long as such Person assumes this Agreement, in writing, and agrees to be bound by and to comply with all of the terms and conditions hereof. 

(c) Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of New York, without
regard to the conflicts of law rules of such state. 
 (d) Jurisdiction. The Parties hereto agree that any suit, action or proceeding
(whether at law, in equity, in contract, in tort or otherwise) seeking to enforce any provision of, or based on any matter arising out of or in connection with, this Agreement shall be brought in the United States District Court for the Southern
District of New York or any New York State court sitting in New York City, so long as one of such courts shall have subject matter jurisdiction over such suit, action or proceeding, and that any cause of action arising out of this Agreement shall be
deemed to have arisen from a transaction of business in the State of New York, and each of the Parties hereby irrevocably and unconditionally consents to the jurisdiction of such courts (and of the appropriate appellate courts therefrom) in any such
suit, action or proceeding and irrevocably and unconditionally waives, to the fullest extent permitted by Applicable Law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding in any such
court or that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. Process in any such suit, action or proceeding may be served on any Party anywhere in the world, whether within or without the
jurisdiction of any such court. Without limiting the foregoing, each Party agrees that service of process on such Party as provided in Section 12(a) shall be deemed effective service of process on such Party. 

(e) Arbitraton; Waiver of Jury Trial.  

(i) Except as otherwise explicitly set forth herein, all disputes, controversies or claims arising out of or relating to this Agreement or the
transactions contemplated hereby (whether in contract, tort, equity or otherwise), including the arbitrability of any dispute or controversy that cannot be settled by mutual agreement will be finally settled by binding arbitration appointed in
accordance with the JAMS Comprehensive Arbitration Rules & Procedures (“JAMS”) and this Section 12(e). Any Party aggrieved will deliver a notice to the other Party(ies) setting forth the specific points
in dispute. Any points remaining in dispute 20 days after the giving of such notice may, upon ten days’ notice to the other Party(ies), be submitted to JAMS arbitration conducted before a panel of three arbitrators in New York, New York
(provided, that if the arbitrators determine in their reasonable discretion that an arbitration cannot be conducted in-person in such location due to COVID-19 Measures
or otherwise without jeopardizing the health and safety of the Parties or the arbitrators, then the arbitration may be conducted either in an alternative location or via telephonic or video conference, as determined by the arbitrators in their
reasonable discretion). The Provider 

  
 - 9 - 

 
and the Recipients will each appoint one arbitrator (the “Party-Appointed Arbitrators”) and the Party-Appointed Arbitrators will appoint the third and presiding arbitrator within 14
days of the appointment of the second arbitrator; provided, that, any arbitrator not timely appointed herein will be appointed in accordance with the JAMS upon the written demand of any party to the dispute. The arbitrators may enter a default
decision against any Party that fails to participate in the arbitration proceedings. 
 (ii) The decision of the arbitrators on the points
in dispute will be final, unappealable and binding, and judgment on the award may be entered in any court having jurisdiction thereof. The arbitrators will only be authorized to interpret the provisions of this Agreement, and will not amend, change
or add to any such provisions. The Parties agree that this provision has been adopted by the Parties to rapidly and inexpensively resolve any disputes between them and that this provision will be grounds for dismissal of any court action commenced
by any party with respect to this Agreement. In the event that any court determines that this arbitration procedure is not binding, or otherwise allows any litigation regarding a dispute, claim, or controversy covered by this Agreement to proceed,
the Parties hereby waive any and all right to a trial by jury in or with respect to such litigation. 
 (iii) The Parties and the
arbitrators will keep confidential, and will not disclose to any person, except the Parties’ advisors and legal representatives, or as may be required by law, the existence of any controversy under this Section 12(e),
the referral of any such controversy to arbitration or the status or resolution thereof. 
 (iv) The Parties may seek any interim or
conservatory relief, including an injunction or injunctions to prevent breaches of this Agreement in the United States District Court for the Southern District of New York; provided, however, that if such court does not have jurisdiction over any
such action or Proceeding, such action or Proceeding will be heard and determined exclusively in any New York state or federal court sitting in New York City, this being in addition to any other remedy to which such Party is entitled at law or in
equity. The application of a Party to an above-mentioned judicial authority for such measures or for the implementation of any such measures ordered by an arbitral tribunal will not be deemed to be an infringement or a waiver of this
Section 12(e) and will not affect the relevant powers reserved to the arbitral tribunal. 
 (v) Each Party hereby
irrevocably consents to the service of process by registered mail or personal service. 
 (vi) EACH OF THE PARTIES HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING (I) ARISING UNDER THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO
IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY, OR OTHERWISE (INCLUDING, FOR THE AVOIDANCE OF DOUBT, ANY SEEKING EQUITABLE
RELIEF). 
 (f) Force Majeure. No Party hereto (or any Person acting on its behalf) shall have any liability or responsibility for
failure to fulfill any obligation (other than a payment obligation) under this Agreement, unless otherwise expressly provided therein, so long as and to the extent to which the fulfillment of such obligation is prevented or delayed as a consequence
of any cause beyond its reasonable control, including riots, pandemics (including COVID-19), epidemics, severe weather, fire, flood, war, acts of the public enemy, acts of terrorism, acts of God, embargoes,
boycotts, shortages or unavailability of supplies, riots or Applicable Law (each, a “Force Majeure Event”). The Recipients shall not be obligated to pay any amount for the Services that are not performed as a result of a Force
Majeure Event (and the Parties shall negotiate 

  
 - 10 - 

 
reasonably to determine the amount applicable to such Services not performed); provided, however that no Force Majeure Event shall relieve a Recipient from its payment obligations
under this Agreement with respect to the Services actually performed hereunder. The Party claiming the benefit of this provision shall, as soon as reasonably practicable after the occurrence of any such event, (i) notify the other Party of the
nature and extent of any such Force Majeure Event and (ii) use commercially reasonable efforts to remove any such causes and resume performance under this Agreement as soon as feasible. 

(g) Counterparts; Effectiveness; Third-Party Beneficiaries. This Agreement may be signed in any number of counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each Party shall have received a counterpart hereof signed by the other Parties. Until and
unless each Party has received a counterpart hereof signed by the other Parties, this Agreement shall have no effect and no Party shall have any right or obligation hereunder (whether by virtue of any other oral or written agreement or other
communication). No provision of this Agreement is intended to confer any rights, benefits, remedies, obligations or liabilities upon any Person other than the Parties and their respective successors and permitted assigns. 

(h) Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver is in
writing and is signed, (i) in the case of an amendment, by the Parties, or (ii) in the case of a waiver, by the Party against whom the waiver is to be effective. No failure or delay by any Party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be
cumulative and not exclusive of any rights or remedies provided by Applicable Law. 
 (i) Severability. If any term, provision,
covenant or restriction of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any Party. Upon such a determination,
the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby be consummated as originally
contemplated to the fullest extent possible. 
 (j) No Right of Setoff. No Party shall have any right to set-off or off-set any obligation or payment due to the other Party pursuant to the terms of this Agreement against any obligation or payment due or owing to such Party
pursuant to the terms of this Agreement or the Internalization Agreement. 
 (k) Entire Agreement. This Agreement, and the exhibits
and schedules hereto, along with the Internalization Agreement, constitutes the entire agreement among the Parties and their respective permitted successors and assigns with respect to the subject matter hereof and supersede all prior agreements and
understandings, both oral and written, among the Parties and their respective permitted successors and assigns with respect to the subject matter hereof. 

(l) Independent Contractor. At all times during the term hereof, Provider shall be an independent contractor in providing Services
hereunder with the sole right to supervise, manage, operate, control, and direct the performance of such Services and the sole obligation to employ, compensate, and manage its employees and business affairs. Nothing contained in this Agreement shall
be deemed or construed to create a partnership or joint venture, to create the relationships of employee/employer or principal/agent, or otherwise create any liability whatsoever of any Party with respect to the indebtedness, liabilities,
obligations or actions of any other Party or any of the other Parties’ employees, or agents, or any other Person. 

  
 - 11 - 

 (m) Currency. Unless otherwise specified in this Agreement, all references to
currency, monetary values and dollars set forth herein shall mean United States (U.S.) dollars and all payments hereunder shall be made in United States dollars. 

(n) Internalization Agreement. Nothing contained in this Agreement is intended to or shall be construed to amend or modify in any
respect, or constitute a waiver of, any of the rights or obligations of the Parties under the Internalization Agreement. The rights and obligations of the Parties under this Agreement shall be cumulative and not exclusive to the rights and
obligations of the Parties contained in the Internalization Agreement. 
 [SIGNATURE PAGE FOLLOWS] 

  
 - 12 - 

 IN WITNESS WHEREOF, Provider and the Recipients have caused this Agreement to be executed
as of the date written above by their respective officers thereunto duly authorized. 
  

	
	
	GOLDMAN SACHS ASSET MANAGEMENT, L.P.
	
	By:                                     
                                         
                  
	
	Name:                                     
                                         
            
	
	Title:                                     
                                         
              
	
	GOLDMAN SACHS RENEWABLE POWER LLC
	
	By:                                     
                                         
                  
	
	Name:                                     
                                         
            
	
	Title:                                     
                                         
              
	
	GOLDMAN SACHS RENEWABLE POWER OPERATING COMPANY LLC
	
	By:                                     
                                         
                  
	
	Name:                                     
                                         
            
	
	Title:                                     
                                         
              
	
	MN8 ENERGY, INC.
	
	By:                                     
                                         
                  
	
	Name:                                     
                                         
            
	
	Title:                                     
                                         
              

 [Transition Services Agreement Signature Page]Exhibit
4.11

 

COMMON
STOCK PURCHASE WARRANT

 

SINTX
TECHNOLOGIES, INC.

 

	Warrant
    Shares: _______	Initial
    Exercise Date: ____, 2022

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the
“Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set
forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to 5:00 p.m. (New York
City time) on _____1 (the “Termination Date”) but not thereafter, to subscribe for and purchase from SINTX
Technologies, Inc., a Delaware corporation (the “Company”), up to ______ shares (as subject to adjustment hereunder,
the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be
equal to the Exercise Price, as defined in Section 2(b). This Warrant shall initially be issued and maintained in the form of a security
held in book-entry form and the Depository Trust Company or its nominee (“DTC”) shall initially be the sole registered
holder of this Warrant, subject to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of
the Warrant Agency Agreement, in which case this sentence shall not apply.

 

Section
1. Definitions. In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated
in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common control
with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock
is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest preceding date)
on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average
price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not
then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets”
published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the Holders of a majority in interest of the Warrants then
outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

 

1
Insert the date that is the five year anniversary of the Initial Exercise Date.

 

    	1

    	 

    

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day
on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

 

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

 

“Common
Stock” means the common stock of the Company, par value $0.01 per share, and any other class of securities into which such
securities may hereafter be reclassified or changed.

 

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

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

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

 

“Registration
Statement” means the Company’s registration statement on Form S-1 (File No. 333-266070) and any prospectus included therein
in compliance with Rule 424(b) of the Securities Act.

 

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

 

“Subsidiary”
means any subsidiary of the Company an shall, where applicable, also include any direct or indirect subsidiary of the Company formed
or acquired after the date hereof.

 

“Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

 

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

 

“Transfer
Agent” means American Stock Transfer & Trust Company, LLC, the current transfer agent of the Corporation with a mailing
address of 6201 15th Avenue, Brooklyn, New York 11219, and any successor transfer agent of the Company.

 

    	2

    	 

    

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding date)
on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30
a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average
price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Common Stock is not
then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then reported in the “Pink Sheets”
published by OTC Markets Group, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants then
outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

“Warrant
Agency Agreement” means that certain warrant agency agreement, dated on or about the Initial Exercise Date, between the Company
and the Warrant Agent.

 

“Warrant
Agent” means the Transfer Agent and any successor warrant agent of the Company.

 

“Warrants”
means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

 

Section
2. Exercise.

 

a)
Exercise of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time
or times on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile
copy or PDF copy submitted by email (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice
of Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement
Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver the aggregate Exercise
Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s check drawn on a United States
bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the applicable Notice of Exercise. No ink-original
Notice of Exercise shall be required, nor shall any medallion guarantee (or other type of guarantee or notarization) of any Notice of
Exercise be required. Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this
Warrant to the Company until the Holder has purchased all of the Warrant Shares available hereunder and the Warrant has been exercised
in full, in which case, the Holder shall surrender this Warrant to the Company for cancellation within three (3) Trading Days of the
date on which the final Notice of Exercise is delivered to the Company. Partial exercises of this Warrant resulting in purchases of a
portion of the total number of Warrant Shares available hereunder shall have the effect of lowering the outstanding number of Warrant
Shares purchasable hereunder in an amount equal to the applicable number of Warrant Shares purchased. The Holder and the Company shall
maintain records showing the number of Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection
to any Notice of Exercise within one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this
Warrant, acknowledge and agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant
Shares hereunder, the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated
on the face hereof.

 

    	3

    	 

    

 

Notwithstanding
the foregoing in this Section 2(a), a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this
Warrant held in book-entry form through DTC (or another established clearing corporation performing similar functions), shall effect
exercises made pursuant to this Section 2(a) by delivering to DTC (or such other clearing corporation, as applicable) the appropriate
instruction form for exercise, complying with the procedures to effect exercise that are required by DTC (or such other clearing corporation,
as applicable), subject to a Holder’s right to elect to receive a Warrant in certificated form pursuant to the terms of the Warrant
Agency Agreement, in which case this sentence shall not apply.

 

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

 

c)
Cashless Exercise. If at the time of exercise hereof there is no effective registration statement registering, or the prospectus
contained therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in
whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number
of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

(A)
= as applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice of
Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and
delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours” (as defined in
Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) at the option of the Holder,
either (y) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise or (z) the Bid Price of the
Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the applicable
Notice of Exercise if such Notice of Exercise is executed during “regular trading hours” on a Trading Day and is delivered
within two (2) hours thereafter (including until two (2) hours after the close of “regular trading hours” on a Trading Day)
pursuant to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date of such Notice of Exercise
is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a) hereof after the close of “regular
trading hours” on such Trading Day;

 

    	4

    	 

    

 

(B)
= the Exercise Price of this Warrant, as adjusted hereunder; and

 

(X)
= the number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such
exercise were by means of a cash exercise rather than a cashless exercise.

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees not
to take any position contrary to this Section 2(c).

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant
to this Section 2(c).

 

d)
Mechanics of Exercise.

 

		i.	Delivery
                                            of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased
                                            hereunder to be transmitted by the Transfer Agent to the Holder by crediting the account
                                            of the Holder’s or its designee’s balance account with The Depository Trust Company
                                            through its Deposit or Withdrawal at Custodian system (“DWAC”) if the
                                            Company is then a participant in such system and either (A) there is an effective registration
                                            statement permitting the issuance of the Warrant Shares to or resale of the Warrant Shares
                                            by Holder or (B) this Warrant is being exercised via cashless exercise, and otherwise by
                                            physical delivery of a certificate, registered in the Company’s share register in the
                                            name of the Holder or its designee, for the number of Warrant Shares to which the Holder
                                            is entitled pursuant to such exercise to the address specified by the Holder in the Notice
                                            of Exercise by the date that is the earliest of (i) two (2) Trading Days after the delivery
                                            to the Company by the Holder of the Notice of Exercise, (ii) one (1) Trading Day after delivery
                                            of the aggregate Exercise Price to the Company and (iii) the number of Trading Days comprising
                                            the Standard Settlement Period after the delivery to the Company of the Notice of Exercise
                                            (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice
                                            of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder
                                            of record of the Warrant Shares with respect to which this Warrant has been exercised, irrespective
                                            of the date of delivery of the Warrant Shares, provided that payment of the aggregate Exercise
                                            Price (other than in the case of a cashless exercise) is received within the earlier of (i)
                                            two (2) Trading Days and (ii) the number of Trading Days comprising the Standard Settlement
                                            Period following delivery of the Notice of Exercise. If the Company fails for any reason
                                            to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant
                                            Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages
                                            and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on
                                            the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading
                                            Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages
                                            begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant
                                            Shares are delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer
                                            agent that is a participant in the FAST program so long as this Warrant remains outstanding
                                            and exercisable. As used herein, “Standard Settlement Period” means the
                                            standard settlement period, expressed in a number of Trading Days, on the Company’s
                                            primary Trading Market with respect to the Common Stock as in effect on the date of delivery
                                            of the Notice of Exercise.

 

    	5

    	 

    

 

ii. Delivery of New Warrants Upon Exercise. If this Warrant is not held in global form through DTC (or any successor depositary) and
if this Warrant shall have been exercised in part, the Company shall, at the request of a Holder and upon surrender of this Warrant certificate,
at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the
unpurchased Warrant Shares called for by this Warrant, which new Warrant shall in all other respects be identical with this Warrant.

 

iii. Rescission Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section
2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

iv. Compensation for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to
the Holder, if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions
of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder is required
by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise purchases, shares
of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated receiving upon
such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount, if any, by which (x)
the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds
(y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required to deliver to the Holder in connection
with the exercise at issue times (2) the price at which the sell order giving rise to such purchase obligation was executed, and (B)
at the option of the Holder, either reinstate the portion of the Warrant and equivalent number of Warrant Shares for which such exercise
was not honored (in which case such exercise shall be deemed rescinded) or deliver to the Holder the number of shares of Common Stock
that would have been issued had the Company timely complied with its exercise and delivery obligations hereunder. For example, if the
Holder purchases Common Stock having a total purchase price of $11,000 to cover a Buy-In with respect to an attempted exercise of shares
of Common Stock with an aggregate sale price giving rise to such purchase obligation of $10,000, under clause (A) of the immediately
preceding sentence the Company shall be required to pay the Holder $1,000. The Holder shall provide the Company written notice indicating
the amounts payable to the Holder in respect of the Buy-In and, upon request of the Company, evidence of the amount of such loss. 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 shares
of Common Stock upon exercise of the Warrant as required pursuant to the terms hereof.

 

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

 

vi. Charges, Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax
or other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the Company,
and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder; provided,
however, that in the event that 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. The Company
shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees to the Depository Trust Company
(or another established clearing corporation performing similar functions) required for same-day electronic delivery of the Warrant Shares.

 

    	6

    	 

    

 

vii. 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.

 

e)
Holder’s Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the
right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance
after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other
Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution Parties”)),
would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the
number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution Parties shall include the number
of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude
the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this Warrant
beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii) exercise or conversion of the unexercised or
nonconverted portion of any other securities of the Company (including, without limitation, any other Common Stock Equivalents) subject
to a limitation on conversion or exercise analogous to the limitation contained herein beneficially owned by the Holder or any of its
Affiliates or Attribution Parties. Except as set forth in the preceding sentence, for purposes of this Section 2(e), beneficial ownership
shall be calculated in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder, it being
acknowledged by the Holder that the Company is not representing to the Holder that such calculation is in compliance with Section 13(d)
of the Exchange Act and the Holder is solely responsible for any schedules required to be filed in accordance therewith. To the extent
that the limitation contained in this Section 2(e) applies, the determination of whether this Warrant is exercisable (in relation to
other securities owned by the Holder together with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable
shall be in the sole discretion of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination
of whether this Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution
Parties) and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group status
as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated
thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a Holder may rely on
the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed
with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written notice by
the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or oral request of
a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder the number of shares of Common Stock
then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after giving effect to the conversion
or exercise of securities of the Company, including this Warrant, by the Holder or its Affiliates or Attribution Parties since the date
as of which such number of outstanding shares of Common Stock was reported. The “Beneficial Ownership Limitation”
shall be 4.99% (or, upon election by a Holder prior to the issuance of any Warrants, 9.99%) of the number of shares of the Common Stock
outstanding immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder,
upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided that
the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after
giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section
2(e) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day
after such notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective
or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable
to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

    	7

    	 

    

 

Section
3. Certain Adjustments.

 

a)
Stock Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares
of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon exercise of this
Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by reclassification of shares of the
Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied by a fraction of which
the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding immediately before such event
and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event, and the number of
shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the aggregate Exercise Price of this Warrant
shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become effective immediately after the record date for
the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately after the
effective date in the case of a subdivision, combination or re-classification.

 

b)
Intentionally omitted.

 

c)
Subsequent Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants,
issues or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the record
holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled to acquire,
upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired if the Holder had
held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise
hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the date on which a record is taken for
the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date as of which the record holders of shares
of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights (provided, however, to the extent that the
Holder’s right to participate in any such Purchase Right would result in the Holder exceeding the Beneficial Ownership Limitation,
then the Holder shall not be entitled to participate in such Purchase Right to such extent (or beneficial ownership of such shares of
Common Stock as a result of such Purchase Right to such extent) and such Purchase Right to such extent shall be held in abeyance for
the Holder until such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation).

 

    	8

    	 

    

 

d)
Pro Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or
other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital
or otherwise (including, without limitation, any distribution of stock or other securities, property or options by way of a dividend,
spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”),
at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution
to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock acquirable
upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation, the Beneficial
Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such record is taken, the
date as of which the record holders of shares of Common Stock are to be determined for the participation in such Distribution (provided,
however, that to the extent that the Holder’s right to participate in any such Distribution would result in the Holder exceeding
the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Distribution to such extent (or in
the beneficial ownership of any shares of Common Stock as a result of such Distribution to such extent) and the portion of such Distribution
shall be held in abeyance for the benefit of the Holder until such time, if ever, as its right thereto would not result in the Holder
exceeding the Beneficial Ownership Limitation). To the extent that this Warrant has not been partially or completely exercised at the
time of such Distribution, such portion of the Distribution shall be held in abeyance for the benefit of the Holder until the Holder
has exercised this Warrant.

 

e)
Fundamental Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or
more related transactions effects any merger or consolidation of the Company with or into another Person (other than a transaction solely
to change the domicile of the Company), (ii) the Company, directly or indirectly, effects any sale, lease, license, assignment, transfer,
conveyance or other disposition of all or substantially all of its assets in one or a series of related transactions, (iii) any, direct
or indirect, purchase offer, tender offer or exchange offer (whether by the Company or another Person) is completed pursuant to which
holders of Common Stock are permitted to sell, tender or exchange their shares for other securities, cash or property and has been accepted
by the holders of 50% or more of the outstanding Common Stock, (iv) the Company, directly or indirectly, in one or more related transactions
effects any reclassification, reorganization or recapitalization of the Common Stock or any compulsory share exchange pursuant to which
the Common Stock is effectively converted into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly,
in one or more related transactions consummates a stock or share purchase agreement or other business combination (including, without
limitation, a reorganization, recapitalization, spin-off, merger or scheme of arrangement) with another Person or group of Persons whereby
such other Person or group acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock
held by the other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to,
such stock or share purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon
any subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable
upon such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder (without regard to
any limitation in Section 2(e) on the 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 any additional consideration (the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant is
exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise of this
Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to apply to such
Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common Stock in such Fundamental
Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in a reasonable manner reflecting the
relative value of any different components of the Alternate Consideration. If holders of Common Stock are given any choice as to the
securities, cash or property to be received in a Fundamental Transaction, then the Holder shall be given the same choice as to the Alternate
Consideration it receives upon any exercise of this Warrant following such Fundamental Transaction. Notwithstanding anything to the contrary,
in the event of a Fundamental Transaction, the Company or any Successor Entity (as defined below) shall, at the Holder’s option,
exercisable at any time concurrently with, or within 30 days after, the consummation of the Fundamental Transaction (or, if later, the
date of the public announcement of the applicable Fundamental Transaction), purchase this Warrant from the Holder by paying to the Holder
an amount of cash equal to the Black Scholes Value (as defined below) of the remaining unexercised portion of this Warrant on the date
of the consummation of such Fundamental Transaction; provided, however, that, if the Fundamental Transaction is not within
the Company’s control, including not approved by the Company’s Board of Directors, Holder shall only be entitled to receive
from the Company or any Successor Entity, as of the date of consummation of such Fundamental Transaction, the same type or form of consideration
(and in the same proportion), at the Black Scholes Value of the unexercised portion of this Warrant, that is being offered and paid to
the holders of Common Stock of the Company in connection with the Fundamental Transaction, whether that consideration be in the form
of cash, stock or any combination thereof, or whether the holders of Common Stock are given the choice to receive from among alternative
forms of consideration in connection with the Fundamental Transaction. “Black Scholes Value” means the value of this
Warrant based on the Black-Scholes Option Pricing Model obtained from the “OV” function on Bloomberg, L.P. (“Bloomberg”)
determined as of the day of consummation of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free
interest rate corresponding to the U.S. Treasury rate for a period equal to the time between the date of the public announcement of the
applicable Fundamental Transaction and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day
volatility obtained from the HVT function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately
following the public announcement of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation
shall be the greater of (i) the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration,
if any, being offered in such Fundamental Transaction and (ii) the greater of (x) the last VWAP immediately prior to the public announcement
of such Fundamental Transaction and (y) the last VWAP immediately prior to the consummation of such Fundamental Transaction and (D) a
remaining option time equal to the time between the date of the public announcement of the applicable Fundamental Transaction and the
Termination Date and (E) a zero cost of borrow. The payment of the Black Scholes Value will be made by wire transfer of immediately available
funds within five Business Days of the Holder’s election (or, if later, on the effective date of the Fundamental Transaction).
The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not the survivor (the “Successor
Entity”) to assume in writing all of the obligations of the Company under this Warrant in accordance with the provisions of
this Section 3(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by the Holder
(without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver to the Holder in exchange
for this Warrant a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to
this Warrant which is exercisable for a corresponding number of shares of capital stock of such Successor Entity (or its parent entity)
equivalent to the shares of Common Stock acquirable and receivable upon exercise of this Warrant (without regard to any limitations on
the exercise of this Warrant) prior to such Fundamental Transaction, and with an exercise price which applies the exercise price hereunder
to such shares of capital stock (but taking into account the relative value of the shares of Common Stock pursuant to such Fundamental
Transaction and the value of such shares of capital stock, such number of shares of capital stock and such exercise price being for the
purpose of protecting the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction), and
which is reasonably satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor
Entity shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this
Warrant referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of
the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity
had been named as the Company herein.

 

    	9

    	 

    

 

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

 

g)
Notice to Holder.

 

i. Adjustment to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company
shall promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting
adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii. Notice to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on
the Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the
Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares of
capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection with
any reclassification of the Common Stock, any consolidation or merger to which the Company is a party (other than a transaction solely
to change the domicile of the Company), any sale or transfer of all or substantially all of the assets of the Company, or any compulsory
share exchange whereby the Common Stock is converted into other securities, cash or property, or (E) the Company shall authorize the
voluntary or involuntary dissolution, liquidation or winding up of the affairs of the Company, then, in each case, the Company shall
cause to be delivered by facsimile or email to the Holder at its last facsimile number or email address as it shall appear upon the Warrant
Register of the Company, at least 20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating
(x) the date on which a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a
record is not to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions,
redemption, rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer
or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock
of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon such
reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to deliver such notice or any defect
therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified in such notice. To
the extent that any notice provided in this Warrant constitutes, or contains, material, non-public information regarding the Company
or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant to a Current Report on Form
8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the date of such notice to the effective
date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

    	10

    	 

    

 

Section
4. Transfer of Warrant.

 

a)
Transferability. This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable,
in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written
assignment of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient
to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company shall
execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination or denominations
specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion of this Warrant not
so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary, the Holder shall not be required
to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall
surrender this Warrant to the Company within three (3) Trading Days of the date on which the Holder delivers an assignment form to the
Company assigning this Warrant in full. The Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for
the purchase of Warrant Shares without having a new Warrant issued.

 

b)
New Warrants. If this Warrant is not held in global form through DTC (or any successor depositary), this Warrant may be divided
or combined with other Warrants upon presentation hereof at the aforesaid office of the Company, together with a written notice specifying
the names and denominations in which new Warrants are to be issued, signed by the Holder or its agent or attorney. Subject to compliance
with Section 4(a), as to any transfer which may be involved in such division or combination, the Company shall execute and deliver a
new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined in accordance with such notice. All Warrants
issued on transfers or exchanges shall be dated the initial issuance date of this Warrant and shall be identical with this Warrant except
as to the number of Warrant Shares issuable pursuant thereto.

 

    	11

    	 

    

 

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

 

Section
5. Miscellaneous.

 

a)
No Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in Section
3.

 

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

 

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

 

d)
Authorized Shares.

 

The
Company covenants that, during the period 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 issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company will take all
such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without violation of any
applicable law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be listed. The Company covenants
that all Warrant Shares which may be issued upon the exercise of the purchase rights represented by this Warrant will, upon exercise
of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance herewith, be duly authorized, validly
issued, fully paid and nonassessable and free from all taxes, liens and charges created by the Company in respect of the issue thereof
(other than taxes in respect of any transfer occurring contemporaneously with such issue).

 

    	12

    	 

    

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale
of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be necessary
or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting the generality of the
foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise
immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate in order that the Company
may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant and (iii) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction thereof,
as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from
any public regulatory body or bodies having jurisdiction thereof.

 

e)
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of conflicts
of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Warrant (whether brought against a party hereto or their respective affiliates, directors, officers, shareholders,
partners, members, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of New York.
Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the City of New York,
Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby
or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is
not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient
venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery)
to such party at the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient
service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law. If either party shall commence an action, suit or proceeding to enforce any provisions of this Warrant,
the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for their reasonable attorneys’
fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

 

    	13

    	 

    

 

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

 

g)
Nonwaiver and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall
operate as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision
of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any material
damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and expenses including,
but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by the Holder in collecting
any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h)
Notices. Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without
limitation, any Notice of Exercise, shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized
overnight courier service, addressed to the Company, at 1885 West 2100 South, Salt Lake City, Utah 84119, , Attention: Chief Executive
Officer, facsimile number: 855.839.3500, email address: sbal@sintx.com, or such other facsimile number, email address or address as the
Company may specify for such purposes by notice to the Holders. Any and all notices or other communications or deliveries to be provided
by the Company hereunder shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized overnight
courier service addressed to each Holder at the facsimile number, e-mail address or address of such Holder appearing on the books of
the Company. Any notice or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the
date of transmission, if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail
address set forth in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Trading Day after the date of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail address set forth in this
Section on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second Trading
Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual receipt by the
party to whom such notice is required to be given. To the extent that any notice provided hereunder constitutes, or contains, material,
non-public information regarding the Company or any Subsidiaries, the Company shall simultaneously file such notice with the Commission
pursuant to a Current Report on Form 8-K.

 

    	14

    	 

    

 

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

 

j)
Remedies. The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will
be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate
compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to
assert the defense in any action for specific performance that a remedy at law would be adequate.

 

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

 

l)
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company, on
the one hand, and the Holder or the beneficial owner of this Warrant, on the other hand.

 

m)
   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.

 

n)
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.

 

o)
Warrant Agency Agreement. If this Warrant is held in global form through DTC (or any successor depositary), this Warrant is issued
subject to the Warrant Agency Agreement. To the extent any provision of this Warrant conflicts with the express provisions of the Warrant
Agency Agreement, the provisions of this Warrant shall govern and be controlling.

 

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

 

(Signature
Page Follows)

 

    	15

    	 

    

 

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

 

	 	SINTX TECHNOLOGIES, INC.

	 	 	 
	 	By:
	                               
	 	Name: 	 
	 	Title:	 

 

    	16

    	 

    

 

NOTICE
OF EXERCISE

 

To:
SINTX TECHNOLOGIES, INC.

 

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

 

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

 

[  ] in lawful money of the United States; or

 

[  ] if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in subsection 2(c).

 

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

 

_______________________________

 

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

 

_______________________________

 

_______________________________

 

_______________________________

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: _______________________________________________________________________

Signature
of Authorized Signatory of Investing Entity: _________________________________________________

Name
of Authorized Signatory: ___________________________________________________________________

Title
of Authorized Signatory: ____________________________________________________________________

Date:
________________________________________________________________________________________

 

    	 

    	 

    

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	
	 	(Please
    Print)
	Address:	
	

    

    
	(Please
Print)

    

	Phone
    Number:	
	Email
    Address:	
	Dated:
    ______________  __, ______	 

 

	Holder’s
    Signature:_______________________	 
	Holder’s
    Address:________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]