Document:

EXHIBIT 10.2

 

SECURITY
AGREEMENT

 

THIS SECURITY AGREEMENT (“Agreement”)
is made as of this 30th day of June, 2022, by and between DriveItAway, Inc., a Delaware company having its principal office
at 14 Kings Highway, Haddonfield, New Jersey 08033 (the “Debtor”), and XXXXXXXXX (the “Secured Party”).

 

WITNESSETH:

 

WHEREAS,
the Debtor and the Secured Party have on the date hereof entered into that certain Subscription Agreement (the “Purchase Agreement”)
in order for Secured Party to purchase a secured convertible note (the “Note”);

 

WHEREAS,
the Parties desire to enter into this Security Agreement (“Security Agreement”) to secure the Note (as defined in the
Purchase Agreement).

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE
I

DEFINED TERMS

 

1.1       Collateral.
As used herein, the term “Collateral” collectively means any and all items set forth on Exhibit A attached hereto.

 

1.2       Event
of Default. As used herein, the term “Event of Default” shall have the meaning given such term in the Note.

 

1.3       Obligations.
As used herein, the term “Obligations” shall mean any and all of Debtor’s liabilities, obligations and indebtedness
to the Secured Party or any Guarantor Party (as defined in the Purchase Agreement), however evidenced, regardless of kind, class or form,
whether for the payment of any fee, interest, charge, cost or expense or otherwise, incurred for any purpose, now existing or hereafter
arising or accruing, created directly or by any assignment or other transfer, direct or indirect, or absolute or contingent (whether
pursuant to any guaranty, endorsement or other assurance of payment or otherwise), including, without limitation, Debtor’s obligations
under the Note (as set forth in the Note and the Purchase Agreement) on a pro rata basis to each Secured Party.

 

1.4       Terms
Defined in Uniform Commercial Code. All other capitalized terms used in this Agreement which are not specifically defined herein
or the definitions of which are not incorporated herein by reference shall have the meanings assigned to such terms in the Uniform Commercial
Code in effect in the State of New Jersey as of the date hereof (the “UCC”).

 

1.5       Singular/Plural.
Unless the context of this Agreement otherwise clearly requires, references to the plural include the singular, references to the singular
include the plural and “or” has the inclusive meaning represented by the phrase “and/or”. The words “hereof”,
“herein”, “hereunder” and other similar terms contained in this Agreement refer to this Agreement as a whole
and not to any particular provision of this Agreement. The headings in this Agreement are for reference purposes only and shall not control
or affect the construction of this Agreement or the interpretation hereof in any respect. Any and all references to sections, subsections
and exhibits relate to this Agreement unless otherwise provided.

 

     

     

    

 

ARTICLE
II

COLLATERAL

 

2.1       Collateral.
As security for the payment and performance of all of the Obligations, the Debtor hereby mortgages, pledges and assigns to the Secured
Party, and hereby creates in and grants to the Secured Party, a continuing security interest in and to all of the Debtor’s right,
title and interest in and to all of the Collateral.

 

ARTICLE
III

REPRESENTATIONS AND WARRANTIES

 

The
Debtor hereby represents, warrants and agrees as follows:

 

3.1       Enforceability.
This Agreement constitutes the legal, valid and binding obligation of the Debtor enforceable against the Debtor in accordance with its
terms.

 

3.2       Principal
Place of Business. The Debtor’s principal place of business is located at the address set forth in the first page of this Agreement.

 

3.3       Ownership
of Collateral. The Debtor lawfully owns the Collateral free and clear of any and all liens, security interests, claims, charges,
encumbrances, taxes and assessments whatsoever, and the Debtor shall defend the title to the Collateral against any and all third parties
and against all claims and demands whatsoever.

 

ARTICLE
IV

COVENANTS AND AGREEMENTS

 

The
Debtor covenants and agrees that so long as this Agreement remains in effect:

 

4.1       Possession.
The Debtor shall not sell, exchange, assign, loan, deliver, lease, mortgage or otherwise dispose of the Collateral, except in the ordinary
course of business, without the prior written consent of the Secured Party and all risk of loss shall remain with the Debtor.

 

4.2       Liens.
The Debtor shall keep the Collateral free and clear of any and all security interests, claims, liens, charges, encumbrances, and rights
of third parties other than those liens of Secured Party.

 

4.3       Costs.
The Debtor hereby agrees to pay to the Secured Party on demand any and all costs and expenses (including, without limitation, reasonable
attorneys’ fees and costs) incurred by the Secured Party in enforcing this Agreement, in realizing upon or protecting the Collateral.

 

4.4       Maintenance
of Security Interests. The Debtor shall do any and all acts and things, and will execute and deliver, all instruments (including
without limitation, any mortgages, pledges, assignments, security agreements, financing statements, continuation statements and other
similar items) reasonably requested by the Secured Party to establish, perfect, maintain and continue the perfection and priority of
the security interest of the Secured Party in the Collateral. The Debtor hereby authorizes the Secured Party to file any and all UCC-1
financing statements and all other documents necessary to perfect its security interest in the Collateral.

 

4.5       Insurance.
The Debtor shall keep the Collateral duly insured against loss by fire, theft and other casualties in amounts reasonably acceptable to
the Secured Party.

 

4.6       Change
of Name or Location of Business. The Debtor will notify the Secured Party of any change in the Debtor’s name or principal place
of business within five (5) days after the occurrence of any such change.

 

    2 

     

    

 

ARTICLE
V

REMEDIES

 

5.1       Rights
and Remedies Generally. Upon the occurrence of an Event of Default, the Secured Party shall be entitled to exercise, in addition
to any and all rights and remedies contained in this Agreement and any and all other agreements with the Debtor, any and all of the rights
and remedies available to a secured party under the UCC or other applicable law, and may: sell, lease, transfer, endorse, assign or deliver
the whole or any part of the Collateral at any public or private sale. Upon consummation of any such sale, the Secured Party shall have
the right to assign, transfer, endorse and deliver to the purchaser or purchasers thereof the Collateral or any portion thereof so sold.
Each such purchaser at any such sale shall hold the property sold absolutely free from any claim or right on the part of any Debtor.

 

The
Secured Party shall give the Debtor at least ten (10) days’ written notice (which the Debtor agrees is reasonable notification
within meaning of the applicable sections of the UCC) of the Secured Party’s intention to attempt to make any such public or private
sale of its Collateral. Such notice, in the case of public sale, shall state the time and place for such sale (which may be on the premises
of such Debtor). Any public sale of any of the Collateral shall be held at such time or times within ordinary business hours and at such
place or places as the Secured Party may fix and so state in the notice of such sale. At any such sale, the Collateral or any portion
thereof may be sold in its entirety or in separate parcels, as determined by the Secured Party (in its sole discretion). The Secured
Party may, without any notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time
by announcement at the time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which
the same was so adjourned. As an alternative to exercising the power of sale herein conferred upon it, the Secured Party may proceed
by action at law or in equity to foreclose the security interest created under this Agreement and sell the Collateral or any portion
thereof pursuant to judgment or decree of a court or courts having competent jurisdiction.

 

5.2       Disposition
of Collateral. The net proceeds realized by the Secured Party upon any sale or other disposition, after deduction for any and all
actual and reasonable expenses incurred in connection with the retaking, holding, preparing for sale or selling of the Collateral (including,
without limitation, reasonable attorneys’ fees) shall be applied toward satisfaction of the Obligations. The Secured Party shall
pay to the Debtor any surplus realized upon such sale or other disposition. The Debtor shall remain liable for any deficiency. The commencement
of any action, legal or equitable, or the rendering of any judgment or decree for any deficiency shall not affect the Secured Party’s
security interest in the Collateral. The Debtor agrees that the Secured Party shall have the right to take any steps by judicial process
or otherwise to enforce the Collateral or any security therefor.

 

5.3       Waiver
of Notice. The Debtor waives any and all rights to notice of any kind prior to the exercise by the Secured Party of its right to
take possession of the Collateral without judicial

 

5.4       Pro
Rata Distribution. Each Secured Party shall be entitled to its pro rata distribution based on the amount of its Note. Frederick C.
Biehl is appointed as agent for the Secured Party.

 

    3 

     

    

 

ARTICLE
VI

MISCELLANEOUS

 

6.1       Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of New Jersey without reference to such State’s
principles of conflicts of laws.

 

6.2       Assignment.
No party shall have the right to assign its rights and obligations hereunder without the prior written consent of the other party.

 

6.3       Amendment.
This Agreement shall not be amended except by a writing executed by all of the parties.

 

6.4       Persons
Bound. The terms and conditions of this Agreement shall be binding upon and shall inure to the benefit of the parties and their respective
successors and permitted assigns.

 

6.5       Waiver.
The waiver by a party of a breach of any provision of this Agreement shall not operate as nor be construed as a waiver of any subsequent
breach thereof.

 

6.6       Notices.
All notices required under this Agreement shall be deemed to have been given or made for all purposes (i) upon personal delivery, (ii)
upon confirmation receipt that the communication was successfully sent to the applicable number, if sent by facsimile, or electronic
mail, (iii) one day after being sent, when sent by professional overnight courier service, or (iv) five days after posting when sent
by registered or certified mail. Notices shall be sent to the parties at the addresses set forth in the introduction to this Agreement
or at such other place as a party shall notify the other party in writing.

 

6.7       Entire
Agreement. This Agreement constitutes the entire agreement between the parties regarding the subject matter contained herein and
supersedes all prior and contemporaneous undertakings and agreements of the parties, whether written or oral, with respect to the subject
matter herein.

 

    4 

     

    

 

6.8       Consents
and Waivers Relating to Legal Proceedings.

 

(a)       Jurisdictional
Consents and Waivers. EACH PARTY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY (I) CONSENTS IN EACH ACTION AND OTHER LEGAL
PROCEEDING COMMENCED IN CONNECTION WITH THIS AGREEMENT TO THE PERSONAL JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE
STATE OF NEW JERSEY (THE “EXCLUSIVE VENUES”); (II) WAIVES EACH OBJECTION TO THE LAYING OF VENUE OF ANY SUCH ACTION OR OTHER
LEGAL PROCEEDING; PROVIDED, HOWEVER, THE VENUE OF ANY ACTION OR PROCEEDING COMMENCED BY THE SECURED PARTY FOLLOWING AN EVENT OF DEFAULT
SHALL BE THE EXCLUSIVE VENUES; (III) WAIVES PERSONAL SERVICE OF PROCESS IN EACH SUCH ACTION AND OTHER LEGAL PROCEEDING; (IV) CONSENTS
TO THE MAKING OF SERVICE OF PROCESS IN EACH SUCH ACTION AND OTHER LEGAL PROCEEDING BY REGISTERED MAIL DIRECTED TO SAID PARTY AT THE LAST
ADDRESS OF SUCH PARTY SHOWN IN THE RECORDS RELATING TO THIS AGREEMENT MAINTAINED BY THE SERVING PARTY, WITH SUCH SERVICE OF PROCESS TO
BE DEEMED COMPLETED FIVE DAYS AFTER THE MAILING THEREOF; AND (V) CONSENTS TO EACH SUCH FINAL JUDGMENT BEING SUED UPON IN ANY COURT HAVING
JURISDICTION WITH RESPECT THERETO AND ENFORCED IN THE JURISDICTION IN WHICH SUCH COURT IS LOCATED AS IF ISSUED BY SUCH COURT.

 

(b)       Waiver
of Trial by Jury and Claims to Certain Damages. EACH PARTY KNOWINGLY, VOLUNTARILY, INTENTIONALLY AND IRREVOCABLY WAIVES EACH RIGHT
IT MAY HAVE TO A TRIAL BY JURY WITH RESPECT TO ANY ACTION OR OTHER LEGAL PROCEEDING, WHETHER BASED ON ANY CONTRACT OR NEGLIGENT OR INTENTIONAL
TORT OR OTHERWISE, IN CONNECTION WITH THIS AGREEMENT, AND ANY AMOUNT OWING BY A PARTY TO THE OTHER PARTY PURSUANT THERETO.

 

[SIGNATURE
PAGE FOLLOWS]

 

    5 

     

    

 

IN
WITNESS WHEREOF, this Agreement has been duly executed by the parties as of the date and year first above written.

 

	DEBTOR:	DriveItAway , Inc.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	AGENT:	 
	 	Frederick C. Biehl

 

[Signature
Page to Security Agreement]

 

    6 

     

    

 

EXHIBIT
A

COLLATERAL

 

(a)       All
vehicles owned by Debtor as evidenced by the attached vehicle information.

 

(b)       all
proceeds and products of the foregoing, including without limitation all payments under insurance or any indemnity or warranty payable
in respect of any of the foregoing.

 7EXHIBIT 10.3

 

DRIVEITAWAY
HOLDINGS, INC.

 

PIGGYBACK
REGISTRATION RIGHTS AGREEMENT

 

June
30, 2022

 

This
Piggyback Registration Rights Agreement (“Agreement”) is made and entered into as of June 30, 2022, by and among DriveItAway
Holdings, Inc., a Delaware corporation (“Company”) and the holders of the Company’s securities entitling
them to convert or exercise for shares of the Company’s common stock (“Common Stock”) listed on Exhibit
A hereto. The holders of these securities will be referred to herein as ”Common Shareholders” and each individually
as a ”Common Shareholder.”

 

RECITALS

 

WHEREAS
this Agreement is being executed and delivered pursuant to the Subscription Agreement dated May 16, 2022 (“Subscription
Agreement”) by and among the Company and the Common Shareholders.

 

WHEREAS,
subject to the terms and conditions of the Subscription Agreement, the Company has agreed to grant Common Shareholders the piggyback
registration rights set forth in this Agreement.

 

NOW,
THEREFORE, in consideration of the foregoing recitals and the mutual promises hereinafter set forth, the parties hereto agree as follows:

 

AGREEMENT

 

1. REGISTRATION RIGHTS.

 

1.1 Definitions. For
purposes of Agreement:

 

Registration. ”Register,”
“registered,” and ”registration” refer to a registration
effected by preparing and filing a registration statement in compliance with the Securities Act of 1933, as amended
(“Securities Act”), and the declaration or ordering of effectiveness of such registration statement.

 

Registrable
Securities. ”Registrable Securities” means: (a) any and all shares of the Company’s
Common Stock and (b) any shares of Common Stock issued as (or issuable upon the conversion or exercise of any warrant, right or
other security which is issued as) a dividend or other distribution with respect to, in exchange for or in replacement of, all such shares
of Common Stock described in clause (a); excluding in all cases, however, any Registrable Securities sold by a person in a transaction
in which rights under this Section 1 are not assigned in accordance with this Agreement or any Registrable Securities sold to the
public or sold pursuant to Rule 144 promulgated under the Securities Act (“Excluded Shares”).

 

Registrable
Securities Then Outstanding. ”Registrable Securities then Outstanding” will mean
the number of shares of Common Stock which are Registrable Securities and (a) are then issued and outstanding or (b) are then
issuable pursuant to the exercise or conversion of then outstanding and then exercisable options, warrants or convertible securities.

 

Holder. ”Holder” or ”Holders” means
any person or persons owning of record Registrable Securities that have not been sold to the public or pursuant to
Rule 144 promulgated under the Securities Act including the Common Shareholder(s) under this Agreement or any assignee of record of such
Registrable Securities to whom rights under this Section 1 have been duly assigned in accordance with this Agreement; provided,
however, the Company will in no event be obligated to register Common Stock.

 

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

 

    1 

     

    

 

 

1.2 Piggyback
Registrations.

 

(a) Piggyback
Registrations. The Company will notify all Holders of Registrable Securities in writing at least thirty (30) days prior to filing
any registration statement under the Securities Act for purposes of effecting a public offering of securities of the Company (including,
but not limited to, registration statements relating to secondary offerings of securities of the Company, but excluding registration
statements relating to any demand or Form S-3 registration of the Company’s preferred shareholders or to any employee
benefit plan or a corporate reorganization) and will afford each such Holder an opportunity to include in such registration statement
all or any part of the Registrable Securities then held by such Holder. Each Holder desiring to include in any such registration statement
all or any part of the Registrable Securities held by such Holder will, within twenty (20) days after receipt of the above-described
notice from the Company, so notify the Company in writing, and in such notice will inform the Company of the number of Registrable Securities
such Holder wishes to include in such registration statement. If a Holder decides not to include all of its Registrable Securities in
any registration statement thereafter filed by the Company, such Holder will nevertheless continue to have the right to include any Registrable
Securities in any subsequent registration statement or registration statements as may be filed by the Company with respect to offerings
of its securities, all upon the terms and conditions set forth herein.

 

(b) Underwriting.
If a registration statement under which the Company gives notice under this Section 1.2 is for an underwritten offering, then the
Company will so advise the Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable Securities
to be included in a registration pursuant to this Section 1.2 will be conditioned upon such Holder’s participation in such
underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders
proposing to distribute their Registrable Securities through such underwriting will enter into an underwriting agreement in customary
form with the managing underwriter or underwriter(s) selected for such underwriting. Notwithstanding any other provision of this Agreement,
if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten,
then the managing underwriter(s) may exclude shares (including Registrable Securities) from the registration and the underwriting, and
the number of shares that may be included in the registration and the underwriting will be allocated, first, to the Company, and second,
to each of the Holders requesting inclusion of their Registrable Securities in such registration statement on a pro rata basis based
on the total number of Registrable Securities then held by each such Holder. If any Holder disapproves of the terms of any such underwriting,
such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter, delivered at least ten (10) business
days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting
will be excluded and withdrawn from the registration. For any Holder which is a partnership or corporation, the partners, retired partners
and shareholders of such Holder, or the estates and family members of any such partners and retired partners and any trusts for the benefit
of any of the foregoing persons will be deemed to be a single “Holder,” and any pro rata reduction with respect to such “Holder”
will be based upon the aggregate amount of shares carrying registration rights owned by all entities and individuals included in such
“Holder,” as defined in this sentence.

 

(c) Expenses.
All expenses incurred in connection with a registration pursuant to this Section 1.2 (excluding underwriters’ and brokers’
discounts and commissions), including, without limitation all federal and “blue sky” registration and qualification fees,
printers’ and accounting fees, fees and disbursements of counsel for the Company and the reasonable fees and disbursements of one
(1) counsel for the selling Holder or Holders will be borne by the Company.

 

1.3 Obligations
of the Company. Whenever required to affect the registration of any Registrable Securities under this Agreement,
the Company will, as expeditiously as reasonably possible:

 

(a)
Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause
such registration statement to become effective, and, upon the request of the Holders of a majority of the Registrable Securities registered
thereunder, keep such registration statement effective for up to ninety (90) days;

 

(b)
Prepare and file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection with
such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of
all securities covered by such registration statement;

 

    2 

     

    

 

(c)
Furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in conformity with the requirements
of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable
Securities owned by them that are included in such registration;

 

(d)
Use its best efforts to register and qualify the securities covered by such registration statement under such other securities or Blue
Sky laws of such jurisdictions as will be reasonably requested by the Holders, provided the Company will not be required in connection
therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or
jurisdictions;

 

(e)
In the event of any underwritten public offering, enter into and perform its obligations under an underwriting agreement, in usual and
customary form, with the managing underwriter(s) of such offering (it being understood and agreed, as a condition to the Company’s
obligations under this clause (e), each Holder participating in such underwriting will also enter into and perform its obligations under
such an agreement);

 

(f)
Notify each Holder of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such
registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required
to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances then existing; and

 

(g)
Furnish, at the request of any Holder requesting registration of Registrable Securities, on the date such Registrable Securities are
delivered to the underwriters for sale, if such securities are being sold through underwriters, or, if such securities are not being
sold through underwriters, on the date the registration statement with respect to such securities becomes effective, (i) an
opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and substance
as is customarily giv en to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of
the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of
Registrable Securities and (ii) a “comfort” letter dated as of such date, from the independent certified public
accountants of the Company, in form and substance as is customarily given by independent certified public accountants to
underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting
registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable
Securities.

 

1.4 Furnish
Information. It will be a condition precedent to the obligations of the Company to take any action pursuant
to Section 1.2 hereof that the selling Holders will furnish to the Company such information regarding themselves, the Registrable
Securities held by them and the intended method of disposition of such securities as will be required to timely effect the registration
of their Registrable Securities.

 

1.5 Delay
of Registration. No Holder will have any right to obtain or seek an injunction restraining or otherwise delaying
any such registration as the result of any controversy that might arise with respect to the interpretation or implementation of this
Section 1.

 

1.6 Indemnification. In
the event any Registrable Securities are included in a registration statement under Section 1.2 hereof:

 

(a) By
the Company. To the extent permitted by law, the Company will indemnify and hold harmless each Holder, the partners, officers and
directors of each Holder, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such
Holder or underwriter within the meaning of the Securities Act or the Securities Exchange Act of 1934, as amended, (“Exchange
Act”), against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities
Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof)
arise out of or are based upon any of the following statements, omissions or violations (collectively a ”Violation”):

 

    3 

     

    

 

(i)
Any untrue statement or alleged untrue statement of a material fact contained in such registration statement, including any preliminary
prospectus or final prospectus contained therein or any amendments or supplements thereto;

 

(ii)
The omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements
therein not misleading; or

 

(iii)
Any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any federal or state securities law or any
rule or regulation promulgated under the Securities Act, the Exchange Act or any federal or state securities law in connection with the
offering covered by such registration statement;

 

and
the Company will reimburse each such Holder, partner, officer or director, underwriter or controlling person for any legal or other expenses
reasonably incurred by them, as incurred, in connection with investigating or defending any such loss, claim, damage, liability or action;
provided, however, the indemnity agreement contained in this Subsection 1.6(a) will not apply to amounts paid in settlement of any such
loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent will not be
unreasonably withheld), nor will the Company be liable in any such case for any such loss, claim, damage, liability or action to the
extent it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such registration by such Holder, partner, officer, director, underwriter or controlling person
of such Holder.

 

(b) By
Selling Holders. To the extent permitted by law, each selling Holder will indemnify and hold harmless the Company, each of its directors,
each of its officers who have signed the registration statement, each person, if any, who controls the Company within the meaning of
the Securities Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s
partners, directors or officers or any person who controls such Holder within the meaning of the Securities Act or the Exchange Act,
against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer, controlling
person, underwriter or other such Holder, partner or director, officer or controlling person of such other Holder may become subject
under the Securities Act, the Exchange Act or other federal or state law, insofar as such losses, claims, damages or liabilities (or
actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) such Violation
occurs in reliance upon and in conformity with written information furnished by such Holder expressly for use in connection with such
registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director,
officer, controlling person, underwriter or other Holder, partner, officer, director or controlling person of such other Holder in connection
with investigating or defending any such loss, claim, damage, liability or action; provided, however, the indemnity agreement contained
in this Subsection 1.6(b) will not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement
is effected without the consent of the Holder, which consent will not be unreasonably withheld; and provided further, the total amounts
payable in indemnity by a Holder under this Subsection 1.6(b) in respect of any Violation will not exceed the net proceeds received by
such Holder in the registered offering out of which such Violation arises.

 

(c) Notice.
Promptly after receipt by an indemnified party under this Section 1.6 of notice of the commencement of any action (including any
governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this
Section 1.6, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party will have
the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly
noticed, to assume the defense thereof with counsel mutually satisfactory to the parties; provided, however, an indemnified party will
have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such
indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential conflict of interests
between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written notice
to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial to its ability to defend such
action, will relieve such indemnifying party of any liability to the indemnified party under this Section 1.6, but the omission
so to deliver written notice to the indemnifying party will not relieve it of any liability it may have to any indemnified party otherwise
than under this Section 1.6.

 

(d) Defect
Eliminated in Final Prospectus. The foregoing indemnity agreements of the Company and Holders are subject to the condition that,
insofar as they relate to any Violation made in a preliminary prospectus but eliminated or remedied in the amended prospectus on file
with the SEC at the time the registration statement in question becomes effective or the amended prospectus filed with the SEC pursuant
to SEC Rule 424(b) (“Final Prospectus”), such indemnity agreement will not inure to the benefit of any person if a
copy of the Final Prospectus (i) was furnished to the indemnified party and (ii) was not furnished to the person asserting
the loss, liability, claim or damage at or prior to the time such action is required by the Securities Act.

 

    4 

     

    

 

(e) Contribution.
In order to provide for just and equitable contribution to joint liability under the Securities Act in any case in which either (i) any
Holder exercising rights under this Agreement, or any controlling person of any such Holder, makes a claim for indemnification pursuant
to this Section 1.6 but it is judicially determined (by the entry of a final judgment or decree by a court of competent jurisdiction
and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such
case notwithstanding the fact this Section 1.6 provides for indemnification in such case, or (ii) contribution under the Securities
Act may be required on the part of any such selling Holder or any such controlling person in circumstances for which indemnification
is provided under this Section 1.6; then, and in each such case, the Company and such Holder will contribute to the aggregate losses,
claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion so such Holder is responsible
for the portion represented by the percentage that the public offering price of its Registrable Securities offered by and sold under
the registration statement bears to the public offering price of all securities offered by and sold under such registration statement,
and the Company and other selling Holders are responsible for the remaining portion; provided, however, in any such case, (A) no
such Holder will be required to contribute any amount in excess of the public offering price of all such Registrable Securities offered
and sold by such Holder pursuant to such registration statement and (B) no person or entity guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) will be entitled to contribution from any person or entity who was not
guilty of such fraudulent misrepresentation.

 

(f) Survival.
The obligations of the Company and Holders under this Section 1.6 will survive the completion of any offering of Registrable Securities
in a registration statement, and otherwise.

 

1.7
“Market Stand-Off” Agreement.

 

(a)
Each Holder hereby agrees it will not, to the extent requested by the Company or an underwriter of securities of the Company, sell or
otherwise transfer or dispose of or engage in any other transaction regarding any Registrable Securities or other shares of stock of
the Company then owned by such Holder (other than to donees or partners of the Holder who agree to be similarly bound) for up to one
hundred eighty (180) days following the effective date of a registration statement of the Company filed under the Securities Act;
provided, however, all executive officers and directors of the Company then holding Common Stock of the Company enter into similar agreements.

 

(b)
In order to enforce the foregoing covenant, (i) the Company will have the right to place restrictive legends on the certificates
representing the shares subject to this Section 1.7 and to impose stop transfer instructions with respect to the Registrable Securities
and such other shares of stock of each Holder (and the shares or securities of every other person subject to the foregoing restriction)
until the end of such period and (ii) the Holder agrees to execute the form of agreement requested by the Company and/or underwriter.

 

1.8 Rule
144 Reporting. With a view to making available the benefits of certain rules and regulations of the SEC which
may at any time permit the sale of the Registrable Securities to the public without registration, after such time as a public market
exists for the Common Stock of the Company, the Company agrees to:

 

(a)
Make and keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times
after the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to
the general public;

 

(b)
Use its best efforts to file with the SEC in a timely manner all reports and other documents required of the Company under the Securities
Act and the Exchange Act (at any time after it has become subject to such reporting requirements); and

 

(c)
As long as a Holder owns any Registrable Securities, to furnish to the Holder forthwith upon request a written statement by the Company
as to its compliance with the reporting requirements of said Rule 144 (at any time after ninety (90) days after the effective date
of the first registration statement filed by the Company for an offering of its securities to the general public), and of the Securities
Act and the Exchange Act (at any time after it has become subject to the reporting requirements of the Exchange Act), a copy of the most
recent annual or quarterly report of the Company and such other reports and documents of the Company as a Holder may reasonably request
in availing itself of any rule or regulation of the SEC allowing a Holder to sell any such securities without registration (at any time
after the Company has become subject to the reporting requirements of the Exchange Act).

 

    5 

     

    

 

1.9 Termination
of the Company’s Obligations. The Company will have no obligations pursuant to Section 1.2 with respect
to: (a) any request or requests for registration made by any Holder on a date more than two (2) years after the closing date
of the first firmly underwritten public offering of Common Stock of the Company pursuant to a Registration Statement filed with, and
declared effective by, the SEC under the Securities Act, on the terms and conditions approved by the Company’s board of directors
(an ”Initial Public Offering”) or (b) any Registrable Securities proposed to be sold by a Holder in a registration
pursuant to Section 1.2 if, in the opinion of counsel to the Company, all such Registrable Securities proposed to be sold by a Holder
may be sold in a three-month period without registration under the Securities Act pursuant to Rule 144 under the Securities Act.

 

1.10 Limitations
on Subsequent Registration Rights. From and after the date of this Agreement, the Company will not, without
the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with
any holder or prospective holder of any securities of the Company that provides such holder or prospective holder with registration rights
superior to the registration rights provided to the Common Shareholders pursuant to this Section 1.

 

2. ASSIGNMENT AND AMENDMENT.

 

2.1 Assignment. Notwithstanding
anything herein to the contrary, the registration rights of a Holder under Section 1 may be assigned only to (a) a
party who acquires at least two hundred fifty thousand (250,000) shares of Registrable Securities or (b)(i) a shareholder, partner, member,
or beneficiary of such Holder; (ii) a spouse, child, parent or beneficiary of the estate of such Holder or (iii) a trust for
the benefit of the persons set forth in (i) or (ii); provided, however, no party may be assigned any of the foregoing rights unless
the Company is given written notice by the assigning party at the time of such assignment stating the name, address and tax identification
number of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and provided
further any such assignee will receive such assigned rights subject to all the terms and conditions of this Agreement, including without
limitation the provisions of this Section 2.

 

2.2 Amendment
of Rights. Subject to Section 2.3, any provision of this Agreement may be amended and the observance thereof
may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent
of the Company and Common Shareholders (and/or any of their permitted successors or assigns) holding shares of Registrable Securities
representing and/or convertible into a majority of all Registrable Securities. Any amendment or waiver effected in accordance with this
Section 2.2 will be binding upon each Common Shareholder, each Holder, each permitted successor or assignee of such Common Shareholder
or Holder and the Company.

 

2.3 New
Common Shareholders. Notwithstanding anything herein to the contrary, if additional parties purchase shares
of Common Stock from the Company (each such person or entity, a ”New Common Shareholder”), then each
such New Common Shareholder will become a party to this Agreement as a “Common Shareholder” hereunder, without the need for
any consent, approval or signature of any Common Shareholder when such New Common Shareholder has both: (a) purchased shares of Common
Stock and paid the Company all consideration payable for such shares and (b) executed one or more counterpart signature pages to
this Agreement as a “Common Shareholder,” with the Company’s consent.

 

  3. GENERAL PROVISIONS.

 

3.1 Notices. Any
notice, request or other communication required or permitted hereunder will be in writing and will be deemed to have been
duly given if personally delivered, deposited in the U.S. mail by registered or certified mail, return receipt requested, postage prepaid,
electronic-mail or facsimile when receipt is electronically confirmed (a) if to a Common Shareholder, as set forth below the Common
Shareholder’s name on the signature page of this Agreement, and (ii) if to the Company, to the address set forth below:

 

    6 

     

    

  

DriveItAway
Holdings, Inc.

14
Kings Highway

Haddonfield,
NJ XXXXX

Attention:
John F. Possumato

Chief
Executive Officer

 

Any
party hereto (and such party’s permitted assigns) may by notice so given change its address for future notices hereunder. Notice
will be deemed conclusively given when personally delivered or when deposited in the mail in the manner set forth above.

 

3.2 Entire
Agreement. This Agreement, together with all the exhibits hereto, constitutes and contains the entire agreement
and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence,
agreements, understandings, duties or obligations between the parties respecting the subject matter hereof.

 

3.3 Governing
Law. This Agreement will be governed by and construed exclusively in accordance with the internal laws of the
State of California as applied to agreements among California residents entered into and to be performed entirely within California,
excluding that body of law relating to conflict of laws and choice of law.

 

3.4 Severability. If
one or more provisions of this Agreement are held to be unenforceable under applicable law, then such provision(s) will be
excluded from this Agreement and the balance of this Agreement will be interpreted as if such provision(s) were so excluded and will
be enforceable in accordance with its terms.

 

3.5 Third
Parties. Nothing in this Agreement, express or implied, is intended to confer upon any person, other than the
parties hereto and their successors and assigns, any rights or remedies under or by reason of this Agreement.

 

3.6 Successors
and Assigns. Subject to the provisions of Section 2.1, the provisions of this Agreement will inure to the
benefit of, and will be binding upon, the successors and permitted assigns of the parties hereto.

 

3.7 Captions. The
captions to sections and subsections of this Agreement have been inserted for identification and reference purposes only and will not
be used to construe or interpret this Agreement.

 

3.8 Counterparts. This
Agreement may be executed in counterparts, each of which will be deemed an original, but all of which together will constitute
one and the same instrument. Executed counterparts of this Agreement may be delivered by facsimile transmission or by delivery of a scanned
counterpart in portable document format (PDF) by e-mail. The signatures in the facsimile or PDF data file will be deemed to have the
same force and effect as if the manually signed counterpart had been delivered to the other party in person.

 

3.9 Costs
and Attorneys’ Fees. In the event any action, suit or other proceeding is instituted concerning or arising out of
this Agreement or any transaction contemplated hereunder, the prevailing party will recover all of such party’s costs and attorneys’
fees incurred in each such action, suit or o ther proceeding, including any and all appeals or petitions therefrom.

 

3.10 Adjustments
for Stock Splits and Certain Other Changes. Wherever in this Agreement there is a reference to a specific number of shares
of Common Stock of the Company, then, upon the occurrence of any subdivision, combination or stock dividend of such Common Stock, the
specific number of shares so referenced in this Agreement will automatically be proportionally adjusted to reflect the affect on the
outstanding shares of such Common Stock by such subdivision, combination or stock dividend.

 

3.11 Aggregation
of Stock. All shares held or acquired by affiliated entities or persons will be aggregated together for the purpose of determining
the availability of any rights under this Agreement.

 

    7 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Common Shareholder Piggyback Registration Rights Agreement as of the date and
year first above written.

 

	 	COMPANY
	 	 
	 	DRIVEITAWAY HOLDINGS, INC.
	 	 
	 	By:	 
	 	 	John F. Possumato
	 	 	Chief Executive Officer

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]