Document:

Exhibit 4.1

 

THE
REGISTERED HOLDER OF THIS PURCHASE WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE
WARRANT EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE WARRANT AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN,
PLEDGE OR HYPOTHECATE THIS PURCHASE WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING THE COMMENCEMENT DATE (DEFINED BELOW)
TO ANYONE OTHER THAN A BONA FIDE OFFICER OR PARTNER OF YA II PN LTD.

 

THIS
PURCHASE WARRANT IS NOT EXERCISABLE PRIOR TO December 22, 2016. VOID AFTER 5:00 P.M., EASTERN TIME, December 22, 2021.

 

YAII-3

 

COMMON
STOCK PURCHASE WARRANT

 

 

For
the Purchase of 120,000 Shares of Common Stock

 

of

 

MICRONET
ENERTEC TECHNOLOGIES, INC.

 

1.          
Purchase Warrant. THIS CERTIFIES THAT, in consideration of funds duly paid
by or on behalf of YA II PN, LTD. (“Holder” or “YA II”),
as registered owner of this Purchase Warrant, to Micronet Enertec Technologies, Inc., a Delaware corporation (the “Company”),
Holder is entitled, at any time or from time to time from December 22, 2016 (the “Commencement
Date”), and at or before 5:00 p.m., Eastern time, December 22, 2021 (the ”Expiration
Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up to 120,000 shares
of common stock of the Company, par value $0.001 per share (the “Shares”),
subject to adjustment as provided in Section 6 hereof. If the Expiration Date is a day on which banking institutions are authorized
by law to close, then this Purchase Warrant may be exercised on the next succeeding day which is not such a day in accordance
with the terms herein. During the period ending on the Expiration Date, the Company agrees not to take any action that would terminate
the Purchase Warrant. This Purchase Warrant is initially exercisable at $3.00 per Share; provided,
however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase
Warrant, including the exercise price per Share and the number of Shares to be received upon such exercise, shall be adjusted
as therein specified. The term “Exercise Price” shall mean the
initial exercise price or the adjusted exercise price, depending on the context.

 

     

     

    

 

2.             
Exercise.

 

2.1          
Exercise Form. In order to exercise this Purchase Warrant, the exercise form
attached hereto must be duly executed and completed and delivered to the Company, together with this Purchase Warrant and payment
of the Exercise Price for the Shares being purchased payable in cash by wire transfer of immediately available funds to an account
designated by the Company or by certified check or official bank check. If the subscription rights represented hereby shall not
be exercised at or before 5:00 p.m., Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without
further force or effect, and all rights represented hereby shall cease and expire.

 

2.2          
Cashless Exercise. If at any time after the Commencement Date there is no
effective registration statement registering, or no current prospectus available for, the resale of the Shares by the Holder,
then in lieu of exercising this Purchase Warrant by payment of cash or check payable to the order of the Company pursuant to Section
2.1 above, Holder may elect to receive the number of Shares equal to the value of this Purchase Warrant (or the portion thereof
being exercised), by surrender of this Purchase Warrant to the Company, together with the exercise form attached hereto, in which
event the issue to Holder, Shares in accordance with the following formula:

 

X
= Y(A-B) / A

 

Where,
X = The number of Shares to be issued to Holder;

Y     =     The
number of Shares for which the Purchase Warrant is being exercised;

A    =     The
fair market value of one Share; and

B     =     The
Exercise Price.

 

For
purposes of this Section 2.2, the fair market value of a Share is defined as follows:

 

(i)          
if the Company’s common stock is traded on a securities exchange, the value shall be deemed to be the closing price on such
exchange prior to the exercise form being submitted in connection with the exercise of the Purchase Warrant; or

 

(ii)          if
the Company’s common stock is actively traded over-the-counter, the value shall be deemed to be the closing bid prior to
the exercise form being submitted in connection with the exercise of the Purchase Warrant;

 

(iii)          if
there is no active public market, the value shall be the fair market value thereof, as determined in good faith by the Company’s
Board of Directors.

 

2.3          Legend.
Each certificate for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities
have been registered under the Securities Act of 1933, as amended (the “Securities
Act”):

 

“The
securities represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”), or applicable state law. Neither the securities nor any interest therein may be offered for sale, sold
or otherwise transferred except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption
from registration under the Securities Act and applicable state law which, in the opinion of counsel to the Company, is available.”

 

    2

     

    

 

3.          Transfer.

 

3.1          
General Restrictions. The registered Holder of this Purchase Warrant agrees
by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase
Warrant for a period of one hundred eighty (180) days following the Commencement Date to anyone other than a bona fide officer
or partner of the Holder, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or
the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would
result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA
Rule 5110(g)(2). On and after 180 days after the Commencement Date, transfers to others may be made subject to compliance with
or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company
the assignment form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer
taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant
on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate
assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of
such number as shall be contemplated by any such assignment.

 

3.2          
Restrictions Imposed by the Securities Act. The securities evidenced by this
Purchase Warrant shall not be transferred unless and until: (i) the Company has received the opinion of counsel for the Holder
that the securities may be transferred pursuant to an exemption from registration under the Securities Act and applicable state
securities laws, the availability of which is established to the reasonable satisfaction of the Company, or (ii) a registration
statement or a post-effective amendment to the registration statement relating to the offer and sale of such securities has been
filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the “Commission”)
and compliance with applicable state securities law has been established.

 

4.          Registration
Rights.

 

4.1          Demand
Registration.

 

4.1.1          Grant
of Right. The Company, upon written demand (a “Demand
Notice”) of the Holder(s) of at least 51% of the Purchase Warrants and/or the underlying Shares
(“Majority Holders”), agrees to register, on one occasion,
all or any portion of the Shares underlying the Purchase Warrants (collectively, the “Registrable
Securities”). On such occasion, the Company will file a registration statement with the Commission covering
the Registrable Securities within sixty (60) days after receipt of a Demand Notice and use its reasonable best efforts to
have the registration statement declared effective promptly thereafter, subject to compliance with review by the Commission; provided,
however, that the Company shall not be required to comply with a Demand Notice if the Company has filed a
registration statement with respect to which the Holder is entitled to piggyback registration rights pursuant to Section 4.2
hereof and either: (i) the Holder has elected to participate in the offering covered by such registration statement or (ii)
if such registration statement relates to an underwritten primary offering of securities of the Company, until the offering
covered by such registration statement has been withdrawn or until thirty (30) days after such offering is consummated. The
demand for registration may be made at any time during a period of four (4) years beginning one (1) year after the
Commencement Date. The Company covenants and agrees to give written notice of its receipt of any Demand Notice by any
Holder(s) to all other registered Holders of the Purchase Warrants and/or the Registrable Securities within ten (10) days
after the date of the receipt of any such Demand Notice.

 

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4.1.2          Terms.
The Company shall bear all fees and expenses attendant to the registration of the Registrable Securities pursuant to Section 4.1.1,
but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Holders to
represent them in connection with the sale of the Registrable Securities. The Company agrees to use its reasonable best efforts
to cause the filing required herein to become effective promptly and to qualify or register the Registrable Securities in such
States as are reasonably requested by the Holder(s); provided, however, that
in no event shall the Company be required to register the Registrable Securities in a State in which such registration would cause:
(i) the Company to be obligated to register or license to do business in such State or submit to general service of process in
such State, or (ii) the principal shareholders of the Company to be obligated to escrow their shares of capital stock of the Company.
The Company shall cause any registration statement filed pursuant to the demand right granted under Section 4.1.1 to remain effective
for a period of at least twelve (12) consecutive months after the date that the Holders of the Registrable Securities covered
by such registration statement are first given the opportunity to sell all of such securities. The Holders shall only use the
prospectuses provided by the Company to sell the shares covered by such registration statement, and will immediately cease to
use any prospectus furnished by the Company if the Company advises the Holder that such prospectus may no longer be used due to
a material misstatement or omission. Notwithstanding the provisions of this Section 4.1.2, the Holder shall be entitled to a demand
registration under this Section 4.1.2 on only one (1) occasion and such demand registration right shall terminate on the fifth
anniversary of the effectiveness of the registration statement in accordance with FINRA Rule 5110(f)(2)(H)(iv).

 

4.2          “Piggy-Back”
Registration.

 

4.2.1          Grant
of Right. In addition to the demand right of registration described in Section 4.1 hereof, the Holder shall have
the right, for a period of no more than seven (7) years from the date of effectiveness of the registration statement in
accordance with FINRA Rule 5110(f)(2)(H)(v), to include the Registrable Securities as part of any other registration of
securities filed by the Company (other than in connection with a transaction contemplated by Rule 145 (a) promulgated under
the Securities Act or pursuant to Form S-8 or any equivalent form); provided,
however, that if, solely in connection with any primary underwritten public offering for the account of the
Company, the managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of shares
of Common Stock which may be included in the registration statement because, in such underwriter(s)’ judgment,
marketing or other factors dictate such limitation is necessary to facilitate public distribution, then the Company shall be
obligated to include in such registration statement only such limited portion of the Registrable Securities with respect to
which the Holder requested inclusion hereunder as the underwriter shall reasonably permit. Any exclusion of Registrable
Securities shall be made pro rata among the Holders seeking to include Registrable Securities in proportion to the number of
Registrable Securities sought to be included by such Holders; provided,
however, that the Company shall not exclude any Registrable Securities unless the Company has first excluded all
outstanding securities, the holders of which are not entitled to inclusion of such securities in such registration statement
or are not entitled to pro rata inclusion with the Registrable Securities.

 

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4.2.2          Terms.
The Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant to Section 4.2.1 hereof,
but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Holders to
represent them in connection with the sale of the Registrable Securities. In the event of such a proposed registration, the Company
shall furnish the then Holders of outstanding Registrable Securities with not less than thirty (30) days written notice prior
to the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for each
registration statement filed by the Company until such time as all of the Registrable Securities have been sold by the Holder.
The holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written
notice within ten (10) days of the receipt of the Company’s notice of its intention to file a registration statement. Except
as otherwise provided in this Purchase Warrant, there shall be no limit on the number of times the Holder may request registration
under this Section 4.2.2; provided, however, that such registration rights
shall terminate on the sixth anniversary of the Commencement Date.

 

4.3          General
Terms.

 

4.3.1          Indemnification.
The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement
hereunder and each person, if any, who controls such Holders within the meaning of Section 15 of the Securities Act or
Section 20(a) of the Securities Exchange Act of 1934, as amended (“Exchange
Act”), against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees
and other expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which any of
them may become subject under the Securities Act, the Exchange Act or otherwise, arising from such registration statement but
only to the same extent and with the same effect as the provisions pursuant to which the Company has agreed to indemnify YA
II contained in Section 5.1 of the Standby Equity Distribution Agreement between YA II and the Company, dated as of June 30,
2016. The Holder(s) of the Registrable Securities to be sold pursuant to such registration statement, and their successors
and assigns, shall severally, and not jointly, indemnify the Company, against all loss, claim, damage, expense or liability
(including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or
defending against any claim whatsoever) to which they may become subject under the Securities Act, the Exchange Act or
otherwise, arising from information furnished by or on behalf of such Holders, or their successors or assigns, in writing,
for specific inclusion in such registration statement to the same extent and with the same effect as the provisions contained
in Section 5.2 of the SEDA pursuant to which the Holder has agreed to indemnify the Company.

 

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4.3.2          
Exercise of Purchase Warrants. Nothing contained in this Purchase Warrant
shall be construed as requiring the Holder(s) to exercise their Purchase Warrants prior to or after the initial filing of any
registration statement or the effectiveness thereof.

 

4.3.3          
Documents Delivered to Holders. The Company shall furnish to each Holder participating
in any of the foregoing offerings and to each underwriter of any such offering, if any, a signed counterpart, addressed to such
Holder or underwriter, of: (i) an opinion of counsel to the Company, dated the effective date of such registration statement (and,
if such registration includes an underwritten public offering, an opinion dated the date of the closing under any underwriting
agreement related thereto), and (ii) a “cold comfort” letter dated the effective date of such registration statement
(and, if such registration includes an underwritten public offering, a letter dated the date of the closing under the underwriting
agreement) signed by the independent registered public accounting firm which has issued a report on the Company’s financial
statements included in such registration statement, in each case covering substantially the same matters with respect to such
registration statement (and the prospectus included therein) and, in the case of such accountants’ letter, with respect
to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel
and in accountants’ letters delivered to underwriters in underwritten public offerings of securities. The Company shall
also deliver promptly to each Holder participating in the offering requesting the correspondence and memoranda described below
and to the managing underwriter, if any, copies of all correspondence between the Commission and the Company, its counsel or auditors
and all memoranda relating to discussions with the Commission or its staff with respect to the registration statement and permit
each Holder and underwriter to do such investigation, upon reasonable advance notice, with respect to information contained in
or omitted from the registration statement as it deems reasonably necessary to comply with applicable securities laws or rules
of FINRA. Such investigation shall include access to books, records and properties and opportunities to discuss the business of
the Company with its officers and independent auditors, all to such reasonable extent and at such reasonable times as any such
Holder shall reasonably request.

 

4.3.4          
Underwriting Agreement. The Company shall enter into an underwriting agreement
with the managing underwriter(s), if any, selected by any Holders whose Registrable Securities are being registered pursuant to
this Section 4, which managing underwriter(s) shall be reasonably satisfactory to the Company. Such agreement shall be reasonably
satisfactory in form and substance to the Company, each Holder and such managing underwriter(s), and shall contain such representations,
warranties and covenants by the Company and such other terms as are customarily contained in agreements of that type used by the
managing underwriter(s). The Holders shall be parties to any underwriting agreement relating to an underwritten sale of their
Registrable Securities and may, at their option, require that any or all the representations, warranties and covenants of the
Company to or for the benefit of such underwriters shall also be made to and for the benefit of such Holders. Such Holders shall
not be required to make any representations or warranties to or agreements with the Company or the underwriters except as they
may relate to such Holders, their Shares and their intended methods of distribution.

 

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4.3.5          
Documents to be Delivered by Holder(s). Each of the Holder(s) participating
in any of the foregoing offerings shall furnish to the Company a completed and executed questionnaire provided by the Company
requesting information customarily sought of selling security holders.

 

4.3.6          
Damages. Should the registration or the effectiveness thereof required by
Sections 4.1 and 4.2 hereof be delayed by the Company or the Company otherwise fails to comply with such provisions, the Holder(s)
shall, in addition to any other legal or other relief available to the Holder(s), be entitled to obtain specific performance or
other equitable (including injunctive) relief against the threatened breach of such provisions or the continuation of any such
breach, without the necessity of proving actual damages and without the necessity of posting bond or other security.

 

5.          
New Purchase Warrants to be Issued.

 

5.1          
Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof,
this Purchase Warrant may be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof in part
only, upon surrender of this Purchase Warrant for cancellation, together with the duly executed exercise or assignment form and
funds sufficient to pay any Exercise Price and/or transfer tax if exercised pursuant to Section 2.1 hereto, the Company shall
cause to be delivered to the Holder without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of
the Holder evidencing the right of the Holder to purchase the number of Shares purchasable hereunder as to which this Purchase
Warrant has not been exercised or assigned.

 

5.2          
Lost Certificate. Upon receipt by the Company of evidence satisfactory to
it of the loss, theft, destruction or mutilation of this Purchase Warrant and of reasonably satisfactory indemnification or the
posting of a bond, the Company shall execute and deliver a new Purchase Warrant of like tenor and date. Any such new Purchase
Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual
obligation on the part of the Company.

 

6.          
Adjustments.

 

6.1          Adjustments
to Exercise Price and Number of Securities. The Exercise Price and the number of Shares underlying the Purchase Warrant
shall be subject to adjustment from time to time as hereinafter set forth:

 

6.1.1          Share
Dividends; Split Ups. If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of
outstanding Shares is increased by a stock dividend payable in Shares or by a split up of Shares or other similar event, then,
on the effective day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in
outstanding Shares, and the Exercise Price shall be proportionately decreased.

 

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6.1.2          
Aggregation of Shares. If, after the date hereof, and subject to the provisions
of Section 6.3 below, the number of outstanding Shares is decreased by a consolidation, combination or reclassification of Shares
or other similar event, then, on the effective date thereof, the number of Shares purchasable hereunder shall be decreased in
proportion to such decrease in outstanding Shares, and the Exercise Price shall be proportionately increased.

 

6.1.3          
Replacement of Securities upon Reorganization, etc. In case of any reclassification
or reorganization of the outstanding Shares other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects
the par value of such Shares, or in the case of any share reconstruction or amalgamation or consolidation of the Company with
or into another corporation (other than a consolidation or share reconstruction or amalgamation in which the Company is the continuing
corporation and that does not result in any reclassification or reorganization of the outstanding Shares), or in the case of any
sale or conveyance to another corporation or entity of the property of the Company as an entirety or substantially as an entirety
in connection with which the Company is dissolved, the Holder of this Purchase Warrant shall have the right thereafter (until
the expiration of the right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same aggregate
Exercise Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or other securities or
property (including cash) receivable upon such reclassification, reorganization, share reconstruction or amalgamation, or consolidation,
or upon a dissolution following any such sale or transfer, by a Holder of the number of Shares of the Company obtainable upon
exercise of this Purchase Warrant immediately prior to such event; and if any reclassification also results in a change in Shares
covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3.
The provisions of this Section 6.1.3 shall similarly apply to successive reclassifications, reorganizations, share reconstructions
or amalgamations, or consolidations, sales or other transfers.

 

6.1.4          
Changes in Form of Purchase Warrant. This form of Purchase Warrant need not
be changed because of any change pursuant to this Section 6.1, and Purchase Warrants issued after such change may state the same
Exercise Price and the same number of Shares as are stated in the Purchase Warrants initially issued pursuant to this Agreement.
The acceptance by any Holder of the issuance of new Purchase Warrants reflecting a required or permissive change shall not be
deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof.

 

6.2          Substitute
Purchase Warrant. In case of any consolidation of the Company with, or share reconstruction or amalgamation of
the Company with or into, another corporation (other than a consolidation or share reconstruction or amalgamation which does
not result in any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or
share reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that
the holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated
expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of
stock and other securities and property receivable upon such consolidation or share reconstruction or amalgamation, by a
holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to
such consolidation, share reconstruction or amalgamation, sale or transfer. Such supplemental Purchase Warrant shall provide
for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this
Section shall similarly apply to successive consolidations or share reconstructions or amalgamations.

 

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6.3          Elimination
of Fractional Interests. The Company shall not be required to issue certificates representing fractions of Shares upon
the exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests,
it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the
case may be, to the nearest whole number of Shares or other securities, properties or rights.

 

7.          
Reservation and Listing. The Company shall at all times reserve and keep available
out of its authorized Shares, solely for the purpose of issuance upon exercise of the Purchase Warrants, such number of Shares
or other securities, properties or rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that,
upon exercise of the Purchase Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares
and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject
to preemptive rights of any shareholder. As long as the Purchase Warrants shall be outstanding, the Company shall use its commercially
reasonable efforts to cause all Shares issuable upon exercise of the Purchase Warrants to be listed (subject to official notice
of issuance) on all national securities exchanges (or, if applicable, on the OTC Bulletin Board or any successor trading market)
on which the Shares issued to the public in the Offering may then be listed and/or quoted.

 

8.          
Certain Notice Requirements.

 

8.1          
Holder’s Right to Receive Notice. Nothing herein shall be construed
as conferring upon the Holders the right to vote or consent or to receive notice as a shareholder for the election of directors
or any other matter, or as having any rights whatsoever as a shareholder of the Company. If, however, at any time prior to the
expiration of the Purchase Warrants and their exercise, any of the events described in Section 8.2 shall occur, then, in one or
more of said events, the Company shall give written notice of such event at least fifteen days prior to the date fixed as a record
date or the date of closing the transfer books for the determination of the shareholders entitled to such dividend, distribution,
conversion or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding
up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding
the foregoing, the Company shall deliver to each Holder a copy of each notice given to the shareholders of the Company at the
same time and in the same manner that such notice is given to the shareholders.

 

8.2           Events
Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or more of
the following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them
to receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise
than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the
Company, (ii) the Company shall offer to all the holders of its Shares any additional shares of capital stock of the Company
or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to
subscribe therefor, or (iii) a dissolution, liquidation or winding up of the Company (other than in connection with a
consolidation or share reconstruction or amalgamation) or a sale of all or substantially all of its property, assets and
business shall be proposed.

 

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8.3          
Notice of Change in Exercise Price. The Company shall, promptly after an event
requiring a change in the Exercise Price pursuant to Section 6 hereof, send notice to the Holders of such event and change (“Price
Notice”). The Price Notice shall describe the event causing the change and the method of calculating same and
shall be certified as being true and accurate by the Company’s Chief Financial Officer.

 

8.4          
Transmittal of Notices. All notices, requests, consents and other communications
under this Purchase Warrant shall be in writing and shall be deemed to have been duly made when hand delivered, or mailed by express
mail or private courier service: (i) if to the registered Holder of the Purchase Warrant, to the address of such Holder as shown
on the books of the Company, or (ii) if to the Company, to the following address or to such other address as the Company may designate
by notice to the Holders:

 

If
to the Holder:

 

YA
II PN LTD.

1012
Springfield Avenue

Mountainside,
NJ 07093

Telephone:
201-985-8300

Email:
mangelo@yorkvilleadvisors.com

Attn:
Mark Angelo

 

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

 

David
Gonzalez, Esq.

1012
Springfield Avenue

Mountainside,
NJ 07093

Email:
dgonzalez@yorkvilleadvisors.com

 

If
to the Company:

 

Micronet
Enertec Technologies, Inc.

28
West Grand avenue

Montvale , New Jersey 07645

Fax
No: +(972) 3-533-5129, Email: david@micronet-enertec.com

Attention:
David Lucatz, President and Chief Executive Officer

 

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

 

Zysman
Aharoni Gayer and Sullivan & Worcester LLP

1663
Broadway

New
York New York 10019

Attn:
Oded Har Even, esq.

Fax
No.: (212) 660 – 5002, Email: ohareven@zag-sw.com

 

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9.          Miscellaneous.

 

9.1          
Amendments. The Company and the YA II may from time to time supplement or
amend this Purchase Warrant without the approval of any of other holders in order to cure any ambiguity, to correct or supplement
any provision contained herein that may be defective or inconsistent with any other provisions herein, or to make any other provisions
in regard to matters or questions arising hereunder that the Company and YA II may deem necessary or desirable and that the Company
and YA II deem shall not adversely affect the interest of the any other holders. All other modifications or amendments shall require
the written consent of and be signed by the party against whom enforcement of the modification or amendment is sought.

 

9.2          
Headings. The headings contained herein are for the sole purpose of convenience
of reference, and shall not in any way limit or affect the meaning or interpretation of any of the terms or provisions of this
Purchase Warrant.

 

9.3.          Entire
Agreement. This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or
in connection with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject
matter hereof, and supersedes all prior agreements and understandings of the parties, oral and written, with respect to the
subject matter hereof.

 

9.4          
Binding Effect. This Purchase Warrant shall inure solely to the benefit of
and shall be binding upon, the Holder and the Company and their permitted assignees, respective successors, legal representative
and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under or in
respect of or by virtue of this Purchase Warrant or any provisions herein contained.

 

9.5           Governing
Law; Submission to Jurisdiction; Trial by Jury. This Purchase Warrant shall be governed by and construed and
enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof
to the extent that the general application of the laws of another jurisdiction would be required thereby. The Company hereby
agrees that any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall
be brought and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the
Southern District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The
Company hereby waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum.
Any process or summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified
mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing
shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim. The
Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover from the other
party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in
connection with the preparation therefor. The Company (on its behalf and, to the extent permitted by applicable law, on
behalf of its stockholders and affiliates) and the Holder hereby irrevocably waive, to the fullest extent permitted by
applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement or
the transactions contemplated hereby.

 

    11

     

    

 

9.6          
Waiver, etc. The failure of the Company or the Holder to at any time enforce
any of the provisions of this Purchase Warrant shall not be deemed or construed to be a waiver of any such provision, nor to in
any way affect the validity of this Purchase Warrant or any provision hereof or the right of the Company or any Holder to thereafter
enforce each and every provision of this Purchase Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of
the provisions of this Purchase Warrant shall be effective unless set forth in a written instrument executed by the party or parties
against whom or which enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment
shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

 

9.7          
Execution in Counterparts. This Purchase Warrant may be executed in one or
more counterparts, and by the different parties hereto in separate counterparts, each of which shall be deemed to be an original,
but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts
has been signed by each of the parties hereto and delivered to each of the other parties hereto. Such counterparts may be delivered
by facsimile transmission or other electronic transmission.

 

9.8          
Exchange Agreement. As a condition of the Holder’s receipt and acceptance
of this Purchase Warrant, Holder agrees that, at any time prior to the complete exercise of this Purchase Warrant by Holder, if
the Company and YA II enter into an agreement (“Exchange Agreement”)
pursuant to which they agree that all outstanding Purchase Warrants will be exchanged for securities or cash or a combination
of both, then all other holders shall agree to such exchange and become a party to the Exchange Agreement.

 

[Signature
Page Follows]

 

    12

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Purchase Warrant to be signed by its duly authorized officer as of the 22nd day of
December, 2016.

 

MICRONET
ENERTEC TECHNOLOGIES, INC.

 

 

 

Name:
David Lucatz

Title:
President and Chief Executive Officer

 

    13

     

    

 

[Form
to be used to exercise Purchase Warrant]

 

Date:                                         20

 

The
undersigned hereby elects irrevocably to exercise the Purchase Warrant for shares of common stock, par value $0.001
per share (the “Shares”), of Micronet Enertec Technologies,
Inc., a Delaware corporation (the “Company”), and hereby
makes payment of $ (at the rate of $ per Share) in payment of the Exercise Price pursuant thereto. Please issue the Shares as
to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable, a new
Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been exercised.

 

or

 

The
undersigned hereby elects irrevocably to convert its right to purchase_______________ Shares of the Company under the Purchase
Warrant for Shares, as determined in accordance with the following formula:

 

	 	X
    =	Y(A-B)	 
	 	 	A	 

 

	Where,	X =	
        The number of Shares to be issued to Holder;

	 	Y=	
        The number of Shares for which the Purchase Warrant
is being

	exercised;	 	 
	 	A=	
        The fair market value of one Share which is equal
to $___________;

	and	B =	 

 

The
Exercise Price which is equal to $ per share

 

The
undersigned agrees and acknowledges that the calculation set forth above is subject to confirmation by the Company and any disagreement
with respect to the calculation shall be resolved by the Company in its sole discretion.

 

Please
issue the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable,
a new Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been converted.

 

 

Signature

 

    14

     

    

 

INSTRUCTIONS
FOR REGISTRATION OF SECURITIES

 

Name:_____________________________________________

(Print
in Block Letters)

 

Address:

 

 

 

 

 

NOTICE:
The signature to this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or
enlargement or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by
a firm having membership on a registered national securities exchange.

 

    15

     

    

 

[Form
to be used to assign Purchase Warrant]

 

ASSIGNMENT

 

(To
be executed by the registered Holder to effect a transfer of the within Purchase Warrant):

 

FOR
VALUE RECEIVED,________________________does hereby sell, assign and transfer unto the right to purchase shares of
common stock, par value $0.001 per share, of Micronet Enertec Technologies, Inc., a Delaware corporation (the “Company”),
evidenced by the Purchase Warrant and does hereby authorize the Company to transfer such right on the books of the
Company.

 

Dated:____________,      20

 

Signature

 

NOTICE:
The signature to this form must correspond with the name as written upon the face of the within Purchase Warrant without alteration
or enlargement or any change whatsoever.

 

 

16Exhibit 10.1

 

SUPPLEMENTAL AGREEMENT

 

This Supplemental Agreement
(the “Agreement”), dated as of December 22, 2016, is entered into by and between YA II PN, LTD., a Cayman Islands
exempt limited partnership (the “Investor”), MICRONET ENERTEC TECHNOLOGIES, INC., a corporation organized and
existing under the laws of the State of Delaware (the “Company” or a “Borrower”), and ENERTEC
ELECTRONICS LTD., a corporation organized and existing under the laws of the State of Israel (“Enertec” or a
“Borrower” and collectively with the Company, the “Borrowers”).

 

BACKGROUND

 

		(A)	On June 30, 2016 the parties entered into a note purchase agreement (the “Original Purchase
Agreement”) pursuant to which the Borrowers issued and sold to the Investor, and the Investor purchased from the Borrowers,
a secured promissory note in an aggregate principal amount of $600,000 (the “Original Note”). Pursuant to the
Original Note, the Borrowers shall make quarterly payments on each of (i) October 10, 2016 (which has already been made), (ii)
January 10, 2017, (iii) April 10, 2017, and (iv) July 10, 2017, and the Maturity Date of the Original Note is July 10, 2017.

 

		(B)	On October 28, 2016 the parties entered into a note purchase agreement (the “Second Purchase
Agreement”) pursuant to which the Borrowers issued and sold to the Investor, and the Investor purchased from the Borrowers,
a secured promissory note in an aggregate principal amount of $500,000 (the “Second Note”). Pursuant to the
Second Note, the Borrowers shall make quarterly payments on each of (i) March 20, 2017, (ii) June 20, 2017, (iii) September 20,
2017, and (iv) November 20, 2017, and the Maturity Date of the Second Note is November 20, 2017.

 

		(C)	In connection with the Original Note the parties entered in a pledge agreement and escrow deed
on June 30, 2016 (collectively, the “Pledge Agreements”) pursuant to which Enertec provided a first priority
lien and security interest over certain shares of Micronet Ltd. (“Micronet”) and deposited such pledged shares
into a bank account in Israeli controlled by an escrow agent appointed by the parties pursuant to an escrow deed dated June 30,
2016 (the “Escrow Deed”). As of the date hereof, the number of Ordinary Shares of Micronet pledged as collateral
security by Enertec in connection with both the Original Note and the Second Note is 2,700,000 (the “Micronet Stock”
and collectively, along with any such additional shares of Micronet Stock as pledged from time to time in accordance with Section
1(f) of the Second Purchase Agreement, collectively, the “Pledged Shares”).

 

		(D)	The parties desire to supplement the Second Purchase Agreement in order to provide for an additional
Closing of the issuance and sale of a new Note (as defined in the Second Purchase Agreement) in the principal amount of $1,000,000
on the terms and conditions set forth herein and make other modifications to the payment terms of the Original Note and the Second
Note as set forth herein.

 

    	 		 

     

    

 

AGREED TERMS

 

	1.	Definitions and interpretation

 

		1.1	Capitalized terms not otherwise defined herein shall have the meanings set forth in the Original
Purchase Agreement or the Second Purchase Agreement, as applicable.

 

	2.	Additional Closing

 

2.1           Purchase
of Note. The Investor shall purchase, and the Borrowers shall sell, a Note in the aggregate principal amount of $1,000,000,
which shall be purchased for 100% of the face amount of the Note issued and sold. This Closing of the purchase and sale of this
Note (the “Second Closing”) shall occur in one tranche as soon as possible after the first date that all the
conditions precedent to the Closing set forth in Section 1(e) of the Second Purchase Agreement have been satisfied (or such other
date as may be agreed upon by the parties) (the “Second Closing Date”), subject to the satisfaction of all the
conditions precedent set forth therein and herein.

 

2.2          Form
of Payment. Subject to the satisfaction of the terms and conditions of the Second Purchase Agreement as supplemented by this
Agreement, on the Second Closing Date (i) the Investor shall deliver to the Borrowers as set forth herein the principal amount
of the Notes to be issued and sold to the Investor on such Closing, and (ii) the Borrowers shall deliver to the Investor, the Notes
duly executed on behalf of the Borrowers in the principal amount so purchased. The Note issued to the Investor at the Second Closing
shall be in the form of Exhibit A attached to the Second Purchase Agreement, except that the Maturity Date of such Note
shall be December 20, 2017 and no payments shall be due prior (other than prepayments that may be made at any time at the option
of the Borrowers) to the Maturity Date.

 

2.3         Warrants.
In connection with the Second Closing the Company shall grant to the Investor a warrant in the form of Exhibit B attached
to the Second Purchase Agreement to purchase 120,000 shares of common stock of the Company at an exercise price of $3.00 per share
and a term of 5 years from the date of issuance.

 

2.4          Fees.
In connection with the Second Closing, the Borrowers shall pay to YA Global II SPV LLC (as designee of the Investor) a commitment
fee in the amount equal to $100,000. 50% of the commitment fee ($50,000) shall be due and payable in cash on the Second Closing
Date. The remaining $50,000 shall be paid in cash or in freely tradable shares of common stock as follows: (i) $25,000 on or before
July 1, 2017, and (ii) $25,000 on or before December 31, 2017, provided that these remaining portions shall be waived if the Borrowers
have repaid at least $500,000 of the principal amount of the $1,000,000 Note to be issued at the Second Closing on or before July
1, 2017.

 

2.5          Conditions
Precedent to the Second Closing. The obligation of the Investor hereunder to purchase the Note at the Second Closing is subject
to the satisfaction, at or before the Second Closing Date, of each of the conditions precedent set forth in Section 1(e) of the
Second Purchase Agreement, provided that these conditions are for the Investor’s sole benefit and may be waived by the Investor
at any time in its sole discretion. The parties agree that clause (ii) of Section 1(e)(v) of the Second Purchase Agreement shall
be satisfied by the grant of a first priority perfected lien and security interest over an additional 1,000,000 Micronet Shares
(for a total of 3,700,000 Pledged Shares).

 

    	 	2	 

     

    

 

	3.	Modifications to Original Note and Second Note. 

 

3.1           Modifications
to the Original Note. The Maturity Date of the Original Note shall be amended to December 20, 2017. In addition Section (c)
of the Original Note shall be deleted in its entirety and replaced with the following:

 

1(c) Payments
of Principal and Interest. On each of (i) October 10, 20161,
(ii) May 1, 2017, and (iii) September 1, 2017 (each such date, a “Payment Due Date”), the Borrowers shall make
a payment to the Holder in the amount of $150,000 of Principal plus all accrued and unpaid Interest outstanding under this Note
as of such payment date by wire transfer of immediately available funds to the account listed on Schedule I hereto (or to any other
account specified by the Holder to the Borrowers in writing) to be received on or before such Payment Due Date.

 

3.2           Modifications
to the Second Note. The Maturity Date of the Second Note shall be amended to December 20, 2017. In addition Section (c) of
the Second Note shall be deleted in its entirety and replaced with the following:

 

1(c) Payments
of Principal and Interest. On each of (i) May 1, 2017, and (ii) September 1, 2017 (each such date, a “Payment Due
Date”), the Borrowers shall make a payment to the Holder in the amount of $150,000 of Principal plus all accrued and
unpaid Interest outstanding under this Note as of such payment date by wire transfer of immediately available funds to the account
listed on Schedule I hereto (or to any other account specified by the Holder to the Borrowers in writing) to be received on or
before such Payment Due Date.

 

3.3           Consideration
for Modifications. As consideration for the modifications made to the Original Note and the Second Note, the Borrowers shall
to YA Global II SPV LLC (as designee of the Investor) an extension fee in the amount equal to $25,000 in cash, which shall be due
and payable on or before January 10, 2017.

 

		4.	Representations and warranties 

 

4.1           The
Borrowers represents and warrants to the Investor as of the date of this Agreement that:

 

		(a)	it has the requisite corporate power and authority to enter into this Agreement and to consummate
the transactions contemplated by this Agreement;

 

		(b)	it has taken all necessary corporate actions to authorize the execution, delivery and performance
of this Agreement and no further action is required by the Company, the Board of Directors or the Company’s stockholders
in connection therewith;

 

		(c)	the obligations assumed by the Borrowers in this Agreement are legal, valid, and enforceable obligations
binding on it in accordance with its terms; and

 

 

	1	For the avoidance of doubt, the October 10, 2016 payment has been paid by the Borrowers.

 

    	 	3	 

     

    

 

	5.	Counterparts and delivery

 

This Agreement
may be executed in two or more counterparts, all of which when taken together shall be considered one and the same agreement and
shall become effective when counterparts have been signed by each party and delivered to each other party, it being understood
that the parties need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission or
by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the
party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf”
signature page were an original thereof.

 

	6.	Governing law

 

This Agreement
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 Agreement (whether brought against a party hereto or its 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
the Second Purchase Agreement 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.

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Supplemental Agreement to be signed by their duly authorized officers.

 

	 	BORROWERS:
	 	 
	 	MICRONET ENERTEC TECHNOLOGIES, INC.
	 	 	 
	 	By:  	/s/ David Lucatz 
	 	Name: 	David Lucatz
	 	Title: 	Chairman President and CEO
	 	 	 	 
	 	ENERTEC ELECTRONICS LTD
	 	 	 	 
	 	By:  	/s/ Tali Dinar 
	 	Name:	Tali Dinar
	 	Title:	CFO of Enertec Electronics Ltd.
	 	 	 	 
	 	INVESTOR: 
	 	 
	 	YA II PN, LTD.
	 	 
	 	By:	Yorkville Advisors Global LP
	 	Its:	Investment Manager
	 	 	By:	Yorkville Advisors Global LLC
	 	 	Its:	Portfolio manager
	 	 	 	 
	 	By:	/s/ Mark Angelo 
	 	Name:	Mark Angelo
	 	Title:	 Portfolio manager

 

 

5

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