Document:

Exhibit 4.3

 

SERIES C WARRANT AMENDMENT
AGREEMENT

 

THIS
SERIES C WARRANT AMENDMENT AGREEMENT (this “Agreement”), effective as of November 16, 2016 (the “Effective
Date”), is entered into by and between Digital Ally, Inc., a Nevada corporation (the “Company”) and
__________________________________ (the “Investor”). Capitalized terms not otherwise defined herein shall have
the meaning ascribed to such term in the Securities Purchase Agreement and/or the Warrant (each, as hereinafter defined), as applicable.

 

WHEREAS,
the Company issued to Investor that certain Series C Common Stock Purchase Warrant, dated July 22, 2015 (as amended pursuant to
this Agreement, the “Warrant”) pursuant to that certain Securities Purchase Agreement (the “Securities
Purchase Agreement”), dated as of July 16, 2015 by and among the Company, the Investor and each other purchaser identified
on the signature pages thereto (the “Other Investors”);

 

WHEREAS,
the Company and the Investor desire to reduce the Exercise Price as set forth in this Agreement; and

 

WHEREAS,
the Company may enter into agreements with the Other Investors identical to this Agreement (other than with respect to the identity
of the Investor) (the “Other Agreements”).

 

NOW,
THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, it is hereby agreed by each party hereto as follows:

 

	 	1.	Amendment to Section 3(b) of the Warrant. It is hereby agreed and understood that Section 3(b) of the Warrant shall be amended by deleting the term “Reserved” and replacing it with the following:

 

“(b)
Voluntary Adjustment By Company. The Company may at any time during the term of this Warrant, with the prior written consent
of the Holder, reduce the then current Exercise Price to any amount and for any period of time deemed appropriate by the Board
of Directors of the Company.”

 

2.       No
Other Amendments. Except as expressly amended and modified by this Agreement, the Warrant is and shall continue to be in full
force and effect in accordance with the terms thereof and is hereby ratified and confirmed in all respects.

 

    	 		 

    	 		 

     

3.       Voluntary
Adjustment Pursuant to Section 3(b) of the Warrant. Pursuant to Section 3(b) of the Warrant, the Exercise Price shall be reduced
to $5.00 per share (as adjusted for any stock dividend, stock split, stock combination, reclassification or similar transaction
occurring after the date hereof) solely during the period commencing on and including November 16, 2016 and ending, and including,
November 30, 2016 (the “Voluntary Adjustment”). The Investor hereby consents to such Voluntary Adjustment.

 

4.       Exercise
of Warrant. The Warrant Shares issuable upon any exercise of the Warrant, including, without limitation, any exercise using
the Exercise Price after giving effect to the Voluntary Adjustment as set forth in Section 3 of this Agreement, shall continue
to be freely tradable and shall not be required to bear any Securities Act or other restrictive legend. The Company agrees to take
all actions, including, without limitation, the issuance by its legal counsel of any necessary legal opinions, necessary to issue
unrestricted Warrant Shares, if any, that are freely tradable on the principal Trading Market on which the Common Stock then trades
without restriction and not containing any restrictive legend without the need for any action by the Investor.

 

5.       Disclosure
of Transactions and Other Material Information. On or before 8:30 a.m., New York City time, on the first Business Day following
the date of this Agreement, the Company shall file a Current Report on Form 8-K describing the terms of the transactions contemplated
by this Agreement in the form required by the 1934 Act and attaching the form of this Agreement as an exhibit to such filing (including
all attachments, schedules and exhibits thereto, the “8-K Filing”). From and after the filing of the 8-K Filing
with the SEC, the Investor shall not be in possession of any material, nonpublic information received from the Company, any of
its Subsidiaries or any of their respective officers, directors, employees, affiliates or agents that is not disclosed in the 8-K
Filing. In addition, effective upon the filing of the 8-K Filing, the Company acknowledges and agrees that any and all confidentiality
or similar obligations under any agreement, whether written or oral, between the Company, any of its Subsidiaries or any of their
respective officers, directors, employees, affiliates or agents, on the one hand, and the Investor or any of its affiliates, on
the other hand, shall terminate and be of no further force or effect. The Company shall not, and shall cause its officers, directors,
employees, affiliates and agents, not to, provide the Investor with any material, nonpublic information regarding the Company from
and after the filing of the 8-K Filing without the express written consent of the Investor. To the extent that the Company delivers
any material, non-public information to the Investor without the Investor’s express prior written consent, the Company hereby
covenants and agrees that the Investor shall not have any duty of confidentiality to the Company, any of its Subsidiaries or any
of their respective officers, directors, employees, affiliates or agent with respect to, or a duty to the to the Company, any of
its Subsidiaries or any of their respective officers, directors, employees, affiliates or agent or not to trade on the basis of,
such material, non-public information. The Company shall not disclose the name of the Investor in any filing, announcement, release
or otherwise, unless such disclosure is required by law or regulation. The Company understands and confirms that the Investor will
rely on the foregoing representations in effecting transactions in securities of the Company.

 

6.       Independent
Nature of Investor’s Obligations and Rights. The obligations of the Investor under this Agreement or any other Transaction
Document are several and not joint with the obligations of any Other Investor, and the Investor shall not be responsible in any
way for the performance of the obligations of any Other Investor under any Transaction Document or Other Agreement. Nothing contained
herein or in any Other Agreement or any other Transaction Document, and no action taken by the Investor pursuant hereto, shall
be deemed to constitute the Investor and Other Investors as a partnership, an association, a joint venture or any other kind of
entity, or create a presumption that the Investor and Other Investors are in any way acting in concert or as a group with respect
to such obligations or the transactions contemplated by this Agreement, any Other Agreement or any other Transaction Document and
the Company acknowledges that the Investor and the Other Investors are not acting in concert or as a group with respect to such
obligations or the transactions contemplated by this Agreement, any Other Agreement and any other Transaction Document. The Company
and the Investor confirm that the Investor has independently participated in the negotiation of the transactions contemplated hereby
with the advice of its own counsel and advisors. The Investor shall be entitled to independently protect and enforce its rights,
including, without limitation, the rights arising out of this Agreement, any Other Agreement or out of any other Transaction Documents,
and it shall not be necessary for any Other Investor to be joined as an additional party in any proceeding for such purpose.

 

    	 		 

    	 		 

     

7.       No
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

8.       Counterparts.
This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one
and the same instrument. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains
a portable document format (.pdf) file of an executed signature page, such signature page 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 signature page
were an original thereof.

 

9.       No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

10.       Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

11.       Severability.
If any provision of this Agreement is prohibited by law or otherwise determined to be invalid or unenforceable by a court of competent
jurisdiction, the provision that would otherwise be prohibited, invalid or unenforceable shall be deemed amended to apply to the
broadest extent that it would be valid and enforceable, and the invalidity or unenforceability of such provision shall not affect
the validity of the remaining provisions of this Agreement so long as this Agreement as so modified continues to express, without
material change, the original intentions of the parties as to the subject matter hereof and the prohibited nature, invalidity or
unenforceability of the provision(s) in question does not substantially impair the respective expectations or reciprocal obligations
of the parties or the practical realization of the benefits that would otherwise be conferred upon the parties. The parties will
endeavor in good faith negotiations to replace the prohibited, invalid or unenforceable provision(s) with a valid provision(s),
the effect of which comes as close as possible to that of the prohibited, invalid or unenforceable provision(s).

 

    	 		 

    	 		 

     

12.       Amendments.
No provision of this Agreement may be amended other than by an instrument in writing signed by the Company and the Investor.

 

13.       Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

14.       Notice.
Whenever notice is required to be given under this Agreement, unless otherwise provided herein, such notice shall be given in accordance
with the terms of the Securities Purchase Agreement.

 

15.       Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and
assigns in accordance with the terms of the Securities Purchase Agreement.

 

16.       Governing
Law; Jurisdiction; Jury Trial. All questions concerning the construction, validity, enforcement and interpretation of this
Agreement shall be governed by the internal laws of the State of New York, without giving effect to any choice of law or conflict
of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the
laws of any jurisdictions other than the State 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 brought in an inconvenient forum or that the venue of such suit, action or proceeding is
improper. 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 to such party at the address for such notices to it under this 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 manner permitted by law. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY
RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION WITH
OR ARISING OUT OF THIS CONSENT OR ANY TRANSACTION CONTEMPLATED HEREBY.

 

17.       Most
Favored Nation. The Company hereby represents and warrants as of the date hereof and covenants and agrees from and after the
date hereof that none of the terms offered to any Person with respect to any consent, release, amendment, settlement or waiver
relating to the terms, conditions and transactions contemplated hereby (each an “Amendment Document”), is or
will be more favorable to such Person than those of the Investor and this Agreement. If, and whenever on or after the date hereof,
the Company enters into an Amendment Document, then (i) the Company shall provide written notice thereof to the Investor immediately
following the occurrence thereof and (ii) the terms and conditions of this Agreement shall be, without any further action by the
Investor or the Company, automatically amended and modified in an economically and legally equivalent manner such that the Investor
shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in such Amendment Document,
provided that upon written notice to the Company at any time the Investor may elect not to accept the benefit of any such amended
or modified term or condition, in which event the term or condition contained in this Agreement shall apply to the Investor as
it was in effect immediately prior to such amendment or modification as if such amendment or modification never occurred with respect
to the Investor. The provisions of this Section 17 shall apply similarly and equally to each Amendment Document.

 

    	 		 

    	 		 

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Series C Warrant Amendment Agreement to be duly executed as of the Effective
Date.

 

	 	COMPANY:
	 	 	 
	 	DIGITAL ALLY, INC.
	 	 	 
	 	By:	
	 	Name: 	Stanton E. Ross
	 	Its:  	President and Chief Executive Officer

 

	 	INVESTOR:
	 	 	 
	 	By:	           
	 	Name:	 
	 	Its:Exhibit

Exhibit 10.1

POST HOLDINGS, INC.
NON-QUALIFIED STOCK OPTION AGREEMENT

POST HOLDINGS, INC. (the “Company”), hereby grants to the individual named below (the “Optionee”) a Non-Qualified Stock Option (the “Option”) set forth below, effective on the Date of Grant set forth below, subject to the Optionee timely executing and delivering to the Company, pursuant to such procedures as the Company will establish from time to time, this Non-Qualified Stock Option Agreement (this “Agreement”).  The Option shall vest and become exercisable according to the schedule described below, subject to earlier termination of the Option, as provided in this Agreement and the terms and conditions of the Post Holdings, Inc. 2016 Long-Term Incentive Plan (the “Plan”).  Capitalized terms used but not defined in this Agreement shall have the same definitions as in the Plan.

Optionee:
Number of Shares:
Exercise Price per Share:
Date of Grant:
Vesting/Exercisability Schedule:
    
1.Exercise.  Optionee may exercise the Vested Option (as such term is defined in and determined in accordance with Section 2 below) from time to time by tendering to the Company (or its designated agent), written notice of exercise, which will state the number of Shares under the Option to be exercised, together with the purchase price in either cash or, if the Company so permits, in Shares at the Fair Market Value.  The purchase price and/or any withholding obligation may be payable through a net or cashless exercise as permitted by the Company or through such other methods as the Company may approve in its discretion.
2.Vesting.  
(a)    The Option vests and becomes exercisable as set forth above and in accordance with Sections 2(b) and 2(c) below (each such date, a “Vesting Date” and the portion of the Option that is vested and exercisable following each such Vesting Date, the “Vested Option”), subject in all cases to applicable law and Company policy.  The Vested Option remains exercisable through the tenth anniversary of the Grant Date (the “Expiration Date”) unless the Optionee is no longer employed by the Company (or its Affiliates or Parent, if applicable), in which case the Vested Option is exercisable only if permitted by, and in accordance with, the provisions of Section 3 below.
(b)    The vesting of each installment of the Option is, in all cases, subject to the Optionee continuing to be employed by the Company (or an Affiliate or Parent, if applicable).  The entire Option will become a Vested Option as of the date of the Optionee’s death or Disability, if such events occur prior to the applicable Vesting Dates.  
(c)    In addition to the accelerated vesting that may occur following a Change in Control pursuant to Section 6(g) of the Plan, in the event the Optionee’s employment with the Company or its Affiliates or Parent will terminate as a result of the Optionee being employed with a business unit or Subsidiary of the Company that is intended to be transferred to an unaffiliated person, and as a result such business unit or Subsidiary will cease to be a part or Affiliate of the Company or its Parent, and such unaffiliated person or its affiliates does not agree to assume in writing, on substantially the same terms, the Option and the obligations hereunder, the entire Option shall become a Vested Option as of immediately prior to the date such transfer is consummated and otherwise treated in accordance with the Agreement, the Plan and Section 409A of the Code.
3.Limitation on Exercise Period.  The Vested Option shall remain exercisable as set forth in Section 7(a)(iii) through (vi) of the Plan.
4.Incorporation of the Plan by Reference.  The Option awarded pursuant to this Agreement is granted under, and expressly subject to, the terms and provisions of the Plan, which terms and provisions are incorporated herein by reference.  The Optionee hereby acknowledges that a copy of the Plan has been made and remains available to the Optionee.
5.Compliance with Laws.  The grant of the Option and issuance of Shares shall be subject to and in compliance with all applicable requirements of federal, state and foreign law with respect to such securities, other law or regulations and the requirements of any stock exchange or market system upon which the Stock may then be listed.  The Company’s inability to obtain 

1

permission or other authorization from any relevant regulatory body necessary to the lawful issuance of any Shares shall relieve the Company of any liability in respect of the failure to issue such Shares as to which such requisite authority was not obtained.  As a condition to exercise of the Option, the Company may require the Optionee to satisfy any qualifications that may be necessary or appropriate, to evidence compliance with any applicable law or regulation and to make any representation or warranty with respect thereto.
6.Governing Law.  To the extent federal law does not otherwise control, this Agreement shall be governed by the laws of the State of Missouri, without giving effect to principles of conflicts of laws.  The Optionee shall be solely responsible to seek advice as to the laws of any jurisdiction to which he or she may be subject, and participation by the Optionee in the Plan shall be on the basis of a warranty by the Optionee that he or she may lawfully so participate without the Company being in breach of the laws of any such jurisdiction.
7.Committee Discretion.  This Award has been made pursuant to a determination made by the Committee.  Notwithstanding anything to the contrary herein, the Committee shall have the authority as set forth in the Plan.
8.No Right to Continued Employment.  Nothing in this Agreement shall be deemed to create any limitation or restriction on such rights as the Company or its Affiliates or Parent otherwise would have to terminate the employment of the Optionee at any time for any reason.
9.Entire Agreement.  This Agreement and the Plan contain the entire understanding of the parties with respect to the subject matter hereof and supersede all prior agreements, understandings and negotiations between the parties with respect to the subject matter hereof.
10.Amendment.  No amendment or modification of this Agreement shall be valid unless the same shall be in writing and signed by the Company and Optionee.  The foregoing, however, shall not prevent the Company from amending or modifying the Plan except that no such amendment or modification shall adversely affect the Optionee’s rights under this Agreement.
11.Not Assignable or Transferable.  During the lifetime of the Optionee, the Option shall be exercisable only by the Optionee.  The Option shall not be assignable or transferable other than by will or by the laws of descent and distribution.  Notwithstanding the foregoing, the Optionee may request authorization from the Committee to assign his or her rights with respect to the Option granted herein to a trust or custodianship, the beneficiaries of which may include only the Optionee, the Optionee’s spouse or the Optionee’s lineal descendants (by blood or adoption), and, if the Committee grants such authorization, the Optionee may assign his or her rights accordingly.  In the event of any such assignment, such trust or custodianship shall be subject to all the restrictions, obligations, and responsibilities as apply to the Optionee under the Plan and this Agreement and shall be entitled to all the rights of the Optionee under the Plan.

	
				
	ACKNOWLEDGED 
AND ACCEPTED
	 
	POST HOLDINGS, INC.

	 
	 
	 
	 

	 
	 
	By:
	 

	Optionee
	 
	 
	 

	 
	 
	Name:
	 

	 
	 
	 
	 

	Date
	 
	Title:
	 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00264-of-00352.parquet"}]]