Document:

EXHIBIT 10.3

SUBORDINATION AGREEMENT

This Subordination Agreement
(the "Agreement") is made as of October 30, 2015, by and between KESHIF
VENTURES, LLC ("Creditor"), and SILICON VALLEY BANK, a
California corporation, with its principal place of business at 3003 Tasman
Drive, Santa Clara, California 95054 ("Bank"). 

Recitals

A.                
ENVISION
SOLAR INTERNATIONAL, INC., a Nevada corporation, and ENVISION SOLAR CONSTRUCTION, INC., a
California corporation (individually and collectively, jointly and severally, "Borrower")
has requested and/or obtained certain loans or other credit accommodations from
Bank which are or may be from time to time secured by assets and property of
Borrower.

B.                
Creditor has
extended loans or other credit accommodations to Borrower, and/or may extend
loans or other credit accommodations to Borrower from time to time.

C.                
To induce Bank
to extend credit to Borrower and, at any time or from time to time, at Bank's
option, to make such further loans, extensions of credit, or other
accommodations to or for the account of Borrower, or to purchase or extend
credit upon any instrument or writing in respect of which Borrower may be
liable in any capacity, or to grant such renewals or extension of any such
loan, extension of credit, purchase, or other accommodation as Bank may deem
advisable, Creditor is willing to subordinate:  (i) all of Borrower's
indebtedness and other monetary obligations owing to Creditor (including,
without limitation, principal, premium (if any), interest, fees, charges,
expenses, costs, professional fees and expenses, and reimbursement
obligations), plus any cash dividends and/or cash distributions or other cash payments
pursuant to call, put, or conversion features in connection with equity
securities of Borrower issued to or held by Creditor, whether presently
existing or arising in the future (collectively, subject to the limitations set
forth below, the "Subordinated Debt") to all of Borrower's indebtedness
and obligations to Bank under the Loan Documents (as defined in the Loan Agreement
described below); and (ii) all of Creditor's security interests, if any in the
Collateral (as hereinafter defined) to all of Bank's security interests in the
Collateral.  Notwithstanding anything to the contrary contained herein, the
following are expressly excluded from the Subordinated Debt: (a) non-monetary
obligations under any warrant, option or similar agreements between Borrower
and Guarantor relating to the issuance of capital stock of Borrower; (b) all
non-monetary rights, privileges and benefits granted to Guarantor (or any of
its affiliates) under such agreements or in connection with the capital stock
issued or to be issued in connection therewith; (c) rights to receive customary
board of director fees (consistent with past business practices) and related
out-of-pocket expense reimbursements; and (d) rights to receive reasonable
out-of-pocket expense reimbursements arising in connection with Guarantor's
investments in Borrower.

NOW, THEREFORE, THE PARTIES
AGREE AS FOLLOWS:

1.                  
Until such time as all of the
following shall occur (such time, a "Termination Event"), (a) the Senior
Debt has been fully and indefeasibly paid in cash (other than inchoate
reimbursement and indemnity obligations) or assigned to Creditor, (b) Bank has
no commitment or obligation to lend any further funds to Borrower under the
Loan Documents, and (c) all Loan Documents between Bank and Borrower are
terminated or assigned to Creditor, Creditor subordinates to Bank any security
interest or lien that Creditor may have in any Collateral of Borrower. 
Notwithstanding the respective dates of attachment or perfection of the
security interests of Creditor and the security interests of Bank, all now
existing and hereafter arising security interests of Bank in the "Collateral",
as defined in a certain Loan and Security Agreement between Borrower and Bank
dated as of October __, 2015 (as may be amended, modified, 

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restated or
supplemented from time to time, the "Loan Agreement"), shall at all
times prior to a Termination Event be senior to the security interests of
Creditor in the Collateral.  Creditor hereby (a)
acknowledges and consents to (i) Borrower granting to Bank a security interest
in the Collateral pursuant to the Loan Agreement,
(ii) Bank filing any and all financing statements and other documents as deemed
necessary by Bank in order to perfect Bank's security interest in the
Collateral, and (iii) the entering into of the Loan Agreement and all documents
in connection therewith by Borrower, (b) acknowledges and agrees that the Senior
Debt (as hereinafter defined), the entering
into of the Loan Agreement and all documents in connection therewith by
Borrower, and the security interest granted by Borrower to Bank in the
Collateral pursuant to the Loan Agreement shall
be permitted under the provisions of the Subordinated Debt documents
(notwithstanding any provision of the Subordinated Debt documents to the
contrary), (c) acknowledges, agrees and covenants that Creditor shall not,
prior to a Termination Event, contest, challenge or
dispute the validity, attachment, perfection, priority or enforceability of
Bank's security interest in the Collateral, or the validity, priority or
enforceability of the Senior Debt, and (d)
acknowledges and agrees that, prior to a Termination Event, the provisions of this Agreement will apply fully and
unconditionally even in the event that Bank's security interest in the
Collateral (or any portion thereof) shall be unperfected.

2.                  
Except for any dividends,
distributions or other payments as may be permitted in the Loan Agreement, all
Subordinated Debt is subordinated in right of payment to the Obligations (as
defined in the Loan Agreement), together with all costs of collecting such Obligations
(including attorneys' fees), including, without limitation, all Obligations under
any agreement in connection with the provision by Bank to Borrower of products and/or credit services facilities, including,
without limitation, any letters of credit, cash management services (including,
without limitation, merchant services, direct deposit of payroll, business
credit cards, and check cashing services), interest rate swap arrangements, and
foreign exchange services, all interest accruing after the commencement
by or against Borrower of any bankruptcy, reorganization or similar proceeding
(such obligations, collectively, the "Senior Debt").

3.                  
Except for any dividends,
distributions or other payments as may be permitted in the Loan Agreement, Creditor
will not demand or receive from Borrower (and Borrower will not pay to
Creditor) all or any part of the Subordinated Debt, by way of payment,
prepayment, setoff, lawsuit or otherwise, nor will Creditor exercise any remedy
with respect to the Collateral, nor will Creditor accelerate the Subordinated
Debt, or commence, or cause to commence, prosecute or participate in any
administrative, legal or equitable action against Borrower relating to the
Subordinated Debt or the Collateral, until such time as a Termination Event
shall occur.  Nothing in this Agreement shall prohibit Creditor from converting
all or any part of the Subordinated Debt into equity securities of Borrower,
provided that, if such securities have any call, put or other conversion
features that would obligate Borrower to declare or pay cash dividends, make cash
distributions, or otherwise pay any money to the holder, Creditor hereby agrees
that Borrower may not declare, pay or make such cash dividends, cash distributions
or other payments to Creditor, and Creditor shall not accept any such cash dividends,
cash distributions or other cash payments, except as may be permitted in the
Loan Agreement..

4.                  
Creditor shall promptly deliver to
Bank in the form received (except for endorsement or assignment by Creditor
where required by Bank) for application to the Senior Debt any payment,
distribution, security or proceeds received by Creditor with respect to the
Subordinated Debt other than in accordance with this Agreement.

5.                  
In the event of Borrower's
insolvency, reorganization or any case or proceeding under any bankruptcy or
insolvency law or laws relating to the relief of debtors, including, without
limitation, any voluntary or involuntary bankruptcy, insolvency, receivership
or other similar statutory or common law proceeding or arrangement involving
Borrower, the readjustment of its liabilities, any assignment for the benefit
of its creditors or any marshalling of its assets or liabilities (each, an "Insolvency
Proceeding"), (a) this Agreement shall remain in full force and effect in
accordance with Section 510(a) of the United States 

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Bankruptcy Code, (b) the Collateral shall include, without limitation, all
Collateral arising during or after any such Insolvency Proceeding, and (c)
Bank's claims against Borrower and the estate of Borrower shall be paid in full
(other than inchoate reimbursement and indemnity obligations) before any payment
is made to Creditor.

6.                  
Creditor shall give Bank prompt
written notice of the occurrence of any default or event of default under any
document, instrument or agreement evidencing or relating to the Subordinated
Debt, and shall, simultaneously with giving any notice of default to Borrower,
provide Bank with a copy of any notice of default given to Borrower. 

7.                  
Until such time as a Termination
Event shall occur, Creditor irrevocably appoints Bank as Creditor's
attorney-in-fact, and grants to Bank a power of attorney with full power of
substitution, in the name of Creditor or in the name of Bank, for the use and
benefit of Bank, without notice to Creditor, to perform at Bank's option the
following acts in any Insolvency Proceeding involving Borrower:

a) 
To file the appropriate claim or
claims in respect of the Subordinated Debt on behalf of Creditor if Creditor
does not do so prior to 30 days before the expiration of the time to file
claims in such Insolvency Proceeding and if Bank elects, in its sole
discretion, to file such claim or claims; and

b) 
To accept or reject any plan of
reorganization or arrangement on behalf of Creditor and to otherwise vote
Creditor's claims in respect of any Subordinated Debt in any manner that Bank
deems appropriate for the enforcement of its rights hereunder.

In
addition to and without limiting the foregoing: (x) until the Senior Debt has
been fully paid in cash and Bank's obligations to lend any funds to Borrower
have been terminated, Creditor shall not commence or join in any involuntary
bankruptcy petition or similar judicial proceeding against Borrower, and (y) if
an Insolvency Proceeding occurs: (i) Creditor shall not assert, without the
prior written consent of Bank, any claim, motion, objection or argument in
respect of the Collateral in connection with any Insolvency Proceeding which
could otherwise be asserted or raised in connection with such Insolvency
Proceeding, including, without limitation, any claim, motion, objection or argument
seeking adequate protection or relief from the automatic stay in respect of the
Collateral, (ii) Bank may consent to the use of cash collateral on such terms
and conditions and in such amounts as it shall in good faith determine without
seeking or obtaining the consent of Creditor as (if applicable) holder of an
interest in the Collateral, (iii) if use of cash collateral by Borrower is
consented to by Bank, Creditor shall not oppose such use of cash collateral on
the basis that Creditor's interest in the Collateral (if any) is impaired by
such use or inadequately protected by such use, or on any other ground, and
(iv) Creditor shall not object to, or oppose, any sale or other disposition of
any assets comprising all or part of the Collateral, free and clear of security
interests, liens and claims of any party, including Creditor, under Section 363
of the United States Bankruptcy Code or otherwise, on the basis that the
interest of Creditor in the Collateral (if any) is impaired by such sale or
inadequately protected as a result of such sale, or on any other ground (and,
if requested by Bank, Creditor shall affirmatively and promptly consent to such
sale or disposition of such assets), if Bank has consented to, or supports,
such sale or disposition of such assets.

8.                  
Creditor represents and warrants
that Creditor has provided Bank with true and correct copies of all of the
documents evidencing or relating to the Subordinated Debt.  Upon Bank's
reasonable request, Creditor shall immediately affix a legend to the
instruments evidencing the Subordinated Debt stating that the instruments are
subject to the terms of this Agreement.  By the execution of this Agreement,
Creditor hereby authorizes Bank to amend any financing statements filed by
Creditor against Borrower as follows: "In accordance with a certain
Subordination Agreement by and among the Secured Party, the Debtor and Silicon
Valley Bank, the Secured Party has subordinated any security interest or lien
that Secured Party may have in any property of the Debtor to the security
interest of Silicon Valley Bank in all assets of the Debtor, notwithstanding
the respective dates of attachment or perfection of the security interest of
the Secured Party and Silicon Valley Bank."

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9.                  
No amendment of the documents
evidencing or relating to the Subordinated Debt shall directly or indirectly
modify the provisions of this Agreement in any manner which would reasonably be
expected to terminate or impair the subordination of the Subordinated Debt or
the subordination of the security interest or lien that Creditor may have in the
Collateral.  Prior to a Termination Event, Bank shall have the sole and
exclusive right to restrict or permit, or approve or disapprove, the sale,
transfer or other disposition of Collateral except in accordance with the terms
of the Senior Debt. Upon written notice from Bank to Creditor of Bank's
agreement to release its lien on all or any portion of the Collateral in
connection with the sale, transfer or other disposition thereof by Bank (or by
Borrower with consent of Bank), Creditor shall be deemed to have also,
automatically and simultaneously, released its lien on the Collateral, and
Creditor shall upon written request by Bank, promptly take such action as shall
be necessary or appropriate to evidence and confirm such release.  All proceeds
resulting from any such sale, transfer or other disposition shall be applied
first to the Senior Debt until payment in full thereof (other than inchoate
reimbursement and indemnity obligations), with the balance, if any, to the
Subordinated Debt, or to any other entitled party.  If Creditor fails to
release its lien as required hereunder, Creditor hereby appoints Bank as
attorney in fact for Creditor with full power of substitution to release
Creditor's liens as provided hereunder.  Such power of attorney being coupled
with an interest shall be irrevocable.

10.              
All necessary action on the part
of Creditor, its officers, directors, partners, members and shareholders, as
applicable, necessary for the authorization of this Agreement and the
performance of all obligations of Creditor hereunder has been taken.  This
Agreement constitutes the legal, valid and binding obligation of Creditor,
enforceable against Creditor in accordance with its terms, except as the
enforceability thereof may be subject to or limited by bankruptcy, insolvency,
reorganization, arrangement, moratorium or other similar laws relating to or
affecting the rights of creditors generally or by equitable principles relating
to enforceability.  The execution, delivery and performance of and compliance
with this Agreement by Creditor will not (a) result in any material violation
or default of any term of any of Creditor's charter, formation or other
organizational documents (such as Articles or Certificate of Incorporation,
bylaws, partnership agreement, operating agreement, etc.) or (b) violate any
material applicable law, rule or regulation.  

11.              
If, at any time after payment in
full of the Senior Debt any payments of the Senior Debt must be disgorged by
Bank for any reason (including, without limitation, any Insolvency Proceeding),
this Agreement and the relative rights and priorities set forth herein shall be
reinstated as to all such disgorged payments as though such payments had not
been made and Creditor shall immediately pay over to Bank all payments received
with respect to the Subordinated Debt to the extent that such payments would
have been prohibited hereunder.  At any time and from time to time, without
notice to Creditor, Bank may take such actions with respect to the Senior Debt
as Bank, in its sole discretion, may deem appropriate, including, without
limitation, terminating advances to Borrower, increasing the principal amount,
extending the time of payment, increasing applicable interest rates, renewing,
compromising or otherwise amending the terms of any documents affecting the
Senior Debt and any collateral securing the Senior Debt, and enforcing or
failing to enforce any rights against Borrower or any other person.  No such
action or inaction shall impair or otherwise affect Bank's rights hereunder. 
Creditor waives any benefits of California Civil Code Sections 2809, 2810,
2819, 2845, 2847, 2848, 2849, 2850, 2899 and 3433.

12.              
This Agreement shall bind any successors or assignees of Creditor and shall
benefit any successors or assigns of Bank, provided, however, Creditor agrees
that, prior and as conditions precedent to Creditor assigning all or any portion
of the Subordinated Debt: (a) Creditor shall give Bank prior written notice of
such assignment, and (b) such successor or assignee, as applicable, shall
execute a written agreement whereby such successor or assignee expressly agrees
to assume and be bound by all terms and conditions of this Agreement with
respect to Creditor.  This Agreement shall remain effective until
terminated in writing by Bank. This Agreement is solely for the benefit of
Creditor and Bank and not for the benefit of Borrower or any other party. 
Creditor further 

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agrees that if Borrower is in the process of refinancing any portion of the
Senior Debt with a new lender, and if Bank makes a request of Creditor, Creditor
shall agree to enter into a new subordination agreement with the new lender on
substantially the terms and conditions of this Agreement.

13.              
Creditor hereby agrees to execute
such documents and/or take such further action as Bank may at any time or times
reasonably request in order to carry out the provisions and intent of this
Agreement, including, without limitation, ratifications and confirmations of
this Agreement from time to time hereafter, as and when requested by Bank.

14.              
This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original and all of
which together shall constitute one instrument.

15.              
This Agreement shall be governed
by and construed in accordance with the laws of the State of California,
without giving effect to conflicts of laws principles.  Creditor and Bank
submit to the exclusive jurisdiction of the state and federal courts located in
Santa Clara County, California in any action, suit, or proceeding of any kind,
against it which arises out of or by reason of this Agreement.  CREDITOR AND
BANK WAIVE THEIR RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF
ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS
CONTEMPLATED HEREIN.

WITHOUT INTENDING IN ANY WAY TO LIMIT THE
PARTIES' AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the
above waiver of the right to a trial by jury is not enforceable, the parties
hereto agree that any and all disputes or controversies of any nature between
them arising at any time shall be decided by a reference to a private judge,
mutually selected by the parties (or, if they cannot agree, by the Presiding
Judge of the Santa Clara County, California Superior Court) appointed in
accordance with California Code of Civil Procedure Section 638 (or pursuant to
comparable provisions of federal law if the dispute falls within the exclusive
jurisdiction of the federal courts), sitting without a jury, in Santa Clara
County, California; and the parties hereby submit to the jurisdiction of such
court.  The reference proceedings shall be conducted pursuant to and in
accordance with the provisions of California Code of Civil Procedure §§ 638
through 645.1, inclusive.  The private judge shall have the power, among
others, to grant provisional relief, including without limitation, entering
temporary restraining orders, issuing preliminary and permanent injunctions and
appointing receivers.  All such proceedings shall be closed to the public and
confidential and all records relating thereto shall be permanently sealed.  If
during the course of any dispute, a party desires to seek provisional relief,
but a judge has not been appointed at that point pursuant to the judicial
reference procedures, then such party may apply to the Santa Clara County,
California Superior Court for such relief.  The proceeding before the private
judge shall be conducted in the same manner as it would be before a court under
the rules of evidence applicable to judicial proceedings.  The parties shall be
entitled to discovery which shall be conducted in the same manner as it would
be before a court under the rules of discovery applicable to judicial
proceedings.  The private judge shall oversee discovery and may enforce all
discovery rules and order applicable to judicial proceedings in the same manner
as a trial court judge.  The parties agree that the selected or appointed
private judge shall have the power to decide all issues in the action or proceeding,
whether of fact or of law, and shall report a statement of decision thereon
pursuant to the California Code of Civil Procedure § 644(a).  Nothing in this
paragraph shall limit the right of any party at any time to exercise self-help
remedies, foreclose against collateral, or obtain provisional remedies.  The
private judge shall also determine all issues relating to the applicability,
interpretation, and enforceability of this paragraph.

16.              
This Agreement represents the
entire agreement with respect to the subject matter hereof, and supersedes all
prior negotiations, agreements and commitments.  Creditor is not relying on any
representations by Bank or Borrower in entering into this Agreement, and
Creditor has kept and will continue to keep itself fully apprised of the
financial and other condition of Borrower.  This Agreement may be amended only
by written instrument signed by Creditor and Bank.

 [Signature page follows]

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IN WITNESS WHEREOF, the undersigned have
executed this Agreement as of the date first above written.

"Creditor"                                                                     "Bank"

KESHIF VENTURES, LLC                                          SILICON
VALLEY BANK

By: /s/ Taner Halicioglu                                                   
By: /s/ Cody Nenadal

Name: Taner Halicioglu                                                   
Name: Cody Nenadal

Title: Manager                                                                 
Title: Vice President

                                                                                                

                                                            

The undersigned approves
of the terms of this Agreement.

"Borrower"

ENVISION SOLAR
INTERNATIONAL, INC.

By:/s/ Desmond Wheatley

Name: Desmond Wheatley

Title: Chief Executive Officer

 

ENVISION SOLAR
CONSTRUCTION, INC.

By: /s/ Desmond Wheatley

Name: Desmond Wheatley

Title: Chief Executive Officer

-6-Exhibit 10.4

STOCK PURCHASE
AGREEMENT

THIS STOCK
PURCHASE AGREEMENT ("Agreement") is entered into as of October 30, 2015 (the
"Effective Date"), by and between Envision Solar International, Inc.,
a Nevada corporation ("Seller," "EVSI," or "Company"), and Keshif Ventures,
LLC ("Purchaser").

R E C I T A L S

A.       The
parties hereto wish to provide for the issuance of shares of common stock ("the
Shares") of Envision Solar International, Inc. a Nevada corporation ("Company")
by Seller to Purchaser pursuant to the terms and subject to the conditions of
this Agreement. 

B.       Upon the
Closing, as defined in Section 2 of this Agreement, Seller will convey good
title to the number of shares set forth in Section 1.1 below to the Purchaser.

C.       The
parties hereto wish to provide for the issuance of the Shares by Seller to
Purchaser pursuant to the terms and subject to the conditions of this
Agreement.

Section 1.      SALE AND PURCHASE

1.1     Sale
and Issuance of Shares.  Subject to the terms and conditions of this Agreement,
Seller agrees to issue, transfer, assign and deliver to Purchaser, 571,429 of
the Shares in consideration of the Guaranty (as defined in Section 1.2 of this
Agreement) provided by the Purchaser for the benefit of Seller.  The Company
and Purchaser hereby acknowledge and agreement that the Guaranty by the
Purchaser constitutes payment in full of the consideration otherwise payable to
Seller in exchange for the Shares, and the Seller hereby confirms that the
Shares are fully paid.

-1- 

1.2     Additional
Shares.  For each six-month period from and after the six-month anniversary
of the Effective Date (each, a "Measurement Period") that the Purchaser
guarantees that certain debt facility for the benefit of the Company (the
"Guaranty"), by and between the Company and Silicon Valley Bank, dated as of
even date herewith, in the aggregate maximum principal amount of One Million
Dollars ($1,000,000.00) (as amended from time to time, the "Loan Facility"),
and such Guaranty and/or amounts thereunder remain outstanding, or otherwise
available to Company thereunder, in consideration of the on-going Guaranty by
the Purchaser, the Company shall automatically and immediately issue to Purchaser,
in addition to the number of Shares issued pursuant to Section 1.1 of this
Agreement, that number of additional Shares, rounded upward to the nearest
whole number, equal to (a) two and one half percent (2.5%) multiplied by the
maximum principal amount of the Loan Facility at any time during such
Measurement Period, such amount to be divided by (b) the twenty (20) day
average closing price of the Company's common stock, measured from the period
of the twenty (20) trading days immediately prior to such Measurement Period,
the quotient of which shall be multiplied by (c) a fraction, the numerator of
which is the number of calendar days during the Measurement Period which the
Guaranty remained in effect and the denominator of which is the number of
calendar days in such Measurement Period (such additional shares being called
the "Additional Shares").  Upon the termination of the Loan Facility, the
foregoing calculation of the Additional Shares for the Measurement Period in
which such termination occurred shall be prorated based on the portion of the
applicable Measurement Period during which the Loan Facility remained in effect
prior to the termination thereof, rounded to the end of the month of
termination. Notwithstanding the foregoing, there shall be a minimum of one
full Measurement Period for the purposes of calculating the number of Additional
Shares, regardless of the status of the Loan Facility.  For the purpose of
clarity, the consideration for the Additional Shares shall be the continuation
of the Guaranty for each Measurement Period provided by the Purchaser to the
Company for the Loan Facility.

Section 2.      CLOSING

The closing of
the transactions contemplated by this Agreement (the "Closing") will occur upon
the execution of this Agreement by both parties hereto.  Seller will deliver to
Purchaser the certificates representing the Shares being issued by Seller
pursuant to this Agreement, with appropriate stock power(s) attached and
endorsed in blank, and with respect to Additional Shares, the certificate
representing the Shares being issued with respect to each Measurement Period
shall be issued to Purchaser within ten (10) business days following the end of
the applicable Measurement Period.  

-2- 

Section 3.      REPRESENTATIONS AND
WARRANTIES OF SELLER

Seller represents
and warrants to Purchaser that it owns the Shares and has, and will transfer to
Purchaser at the Closing, good and valid title to all of such Shares free and
clear of any liens, pledges, security interests, adverse claims, equities,
options, proxies, charges, encumbrances or restrictions other than the
restrictions set forth in the Company's Articles of Incorporation.  Seller
further represents and warrants that it has full power and authority to enter
into this Agreement and to perform its obligations hereunder, and that the
execution, delivery and performance of this Agreement by it has been duly
authorized by all necessary action on its part.  Seller further represents and
warrants that, assuming that this Agreement is a valid and binding obligation
of each of the other parties hereto, this Agreement is a valid and binding obligation
of Seller. The Shares, when issued and delivered in compliance with the
provisions of this Agreement, will be validly issued, fully paid and nonassessable.

Section 4.   REPRESENTATIONS, WARRANTIES AND COVENANTS
OF PURCHASER

Purchaser
represents and warrants to Seller as follows:

4.1     Non-Distributive
Intent.  The Shares being purchased by Purchaser pursuant to this Agreement
are being purchased for Purchaser's own account and are not being acquired by
Purchaser with a view to the public distribution of them.

4.2     Access
of Information.  Purchaser has previously reviewed the Company's public
filings will received all relevant business and financial information regarding
Company, including but not limited to the most recent Private Placement
Memorandum, executive summary and financials for Envision Solar International,
Inc. and has had an opportunity to question representatives of the Company and
obtain such additional information concerning the Company as the undersigned
requested.

4.3     Sophistication
and Knowledge.  The undersigned has sufficient experience in financial and
business matters to be capable of utilizing such information to evaluate the
merits and risks of the undersigned's investment, and to make an informed
decision relating thereto; or the undersigned has utilized the services of a
purchaser representative and together they have sufficient experience in
financial and business matters that they are capable of utilizing such
information to evaluate the merits and risks of the undersigned's investment,
and to make an informed decision relating thereto.

-3- 

4.4     Evaluation
of Risks.  The undersigned has evaluated the risks of this investment in
the Company; including those risks particularly described in the Memorandum,
and has determined that the investment is suitable for the undersigned.  The
undersigned has adequate financial resources for an investment of this
character, and at this time he could bear a complete loss of his investment. 
The undersigned understands that any projections in the provided information
are mere estimates and may not reflect the actual results of the Company's
operations.

4.5     Suitability. 
Purchaser has (i) a net worth (or joint net worth with spouse) of at least
$1,000,000, or (ii) an annual gross income during the previous two years, and
reasonably expects to have gross income in the current year, of at least
$200,000 (or $300,000 collectively with spouse), or (iii) otherwise meets the
criteria for being an "Accredited Investor" as defined in Rule 501 of Regulation
D promulgated under Section 4(2) of the Securities Act of 1933, as amended (the
"1933 Act"), or (iv) is the beneficiary of a fiduciary account, or, if the
fiduciary of the account or other party is the donor of funds used by the
fiduciary account to make this investment, then such donor, who meets the
requirements of either (i), (ii) or (iii) above. 

4.6     No
Federal Registration.   Purchaser understands that the Shares are not being
registered under the 1933 Act on the ground that the issuance thereof was
exempt under Section 4(2) of the 1933 Act and Regulation D promulgated there
under as a transaction by an issuer not involving any public offering, and that
reliance on such exemptions is predicated in part on the truth and accuracy of
the undersigned's representations and warranties, and those of the other
purchasers of Shares.

4.7     No
State Registration.  Purchaser understands that the Shares are not being
registered under the securities laws of certain states on the basis that the
issuance thereof was exempt as an offer and sale not involving a public
offering in such state.  Purchaser understands that reliance on such exemptions
is predicated in part on the truth and accuracy of Purchaser's representations
and warranties and those of other purchasers of Shares.  The undersigned
covenants not to sell, transfer or otherwise dispose of a Share unless such
Share has been registered under the applicable state securities laws, or an
exemption from registration is available.

4.8     Acknowledgment
of Limited Liquidity. Purchaser has little need for any liquidity in his
investment and is able to bear the economic risk of his investment for an
indefinite period of time.  Purchaser has been advised and is aware that:
(a) there is presently limited public market activity for the Shares and there 

-4- 

is no assurance that sufficient
volume will develop for the sale of shares; (b) it may not be possible to
liquidate the investment readily; and (c) Purchaser must bear the economic risk
of his investment in the Shares for an indefinite period of time.

4.9     Reliance
- No Oral Representations.  Purchaser has relied solely upon the information
provided and independent investigations made by him or his purchaser
representative with respect to the Shares subscribed for herein, and no oral or
written representations beyond the Information have been made to Purchaser.

4.10    Authority. 
If Purchaser is a partnership, corporation or trust, it has been duly formed,
validly exists, has full power and authority to make this investment, and has
not been formed for the specific purpose of investing in the Shares.  This
Agreement and all other documents executed in connection with this purchase of
Shares are valid, binding and enforceable agreements of Purchaser.

4.11    Indemnification. 
Purchaser hereby agrees to indemnify and hold harmless Seller and the Company
and all of their affiliates, attorneys, accountants, employees, officers,
directors, shareholders and agents from any liability, claims, costs, damages,
losses or expenses incurred or sustained by them as a result of Purchaser's
representations and warranties herein being untrue or inaccurate, or because of
a breach of this agreement by Purchaser.

4.12    Acknowledgment
of Investment Risks.  Purchaser hereby understands and acknowledges the
risk factors relating to this investment, including but not limited to those
described in the Information, and that the purchase of the Shares is highly
speculative and subject to a high degree of risk.

Section
5.      SURVIVAL OF REPRESENTATIONS AND WARRANTIES

The
representations and warranties of each party hereto will survive and will not
be affected by the Closing.

-5- 

Section 6.      MISCELLANEOUS

6.1     Further
Assurances.  Following the Closing, Seller will furnish to Purchaser and
the Company such instruments and other documents as Purchaser may reasonably
request for the purpose of carrying out or evidencing the transactions
contemplated hereby.

6.2       Attorneys'
Fees and Costs.  The prevailing party of any legal proceeding arising out
of or resulting from this Agreement will be entitled to recover its costs and
fees, including, but not limited to, reasonable attorneys' fees and post
judgment costs, from the other party.

6.3     Choice
of Law and Venue.  This Agreement is made and entered into in the State of
California.  It is the intention of the parties that this Agreement will be
subject to and will be governed by and construed in accordance with the
internal laws of the State of California without reference to its choice of law
provisions.  Any legal proceeding arising out of this Agreement will be brought
only in a state of federal court of competent jurisdiction sitting in the
County of San Diego, State of California, and all parties hereto agree that
venue will lie therein and agree to submit themselves to the personal
jurisdiction of such court.

6.4     Successors
and Assigns.  This Agreement will be binding upon the parties hereto and
their respective heirs, successors and assigns, if any, and will inure to the
benefit of the parties hereto and their respective heirs, successors and
assigns, if any.

6.5     Severability. 
In the event that any provision of this Agreement, or the application of such
provision to any person or set of circumstances, will be determined to be
invalid, unlawful or unenforceable to any extent at any time after the Closing,
the remainder of this Agreement, and the application of such provision to
persons or circumstances other than those as to which it is determined to be
invalid, unlawful or unenforceable, will not be affected and will continue to
be enforceable to the fullest extent permitted by law.

6.6     Waiver. 
No failure or delay on the part of any party hereto in the exercise of any
power, right or privilege hereunder will operate as a waiver thereof, nor will
any single or partial exercise of any such power, right or privilege preclude
any other or further exercise thereof or of any other power, right or
privilege.

6.7     Entire
Agreement.  This Agreement sets forth the entire understanding of the
parties hereto and supersedes all prior agreements and understandings among the
parties relating to the subject matter hereof.

-6- 

6.8     Parties
in Interest.  None of the provisions of this Agreement or of any other
document relating hereto is intended to provide any rights or remedies to any
person (including, without limitation, any employees or creditors of the
Company) other than the parties hereto and their respective heirs, successors
and assigns, if any.

6.9     Variations
of Pronouns.  Whenever required by the context hereof, the singular number
will include the plural, and vice versa; the masculine gender will include the
feminine and neuter genders; and the neuter gender will include the masculine
and feminine genders.

6.10    "Person." 
The term "person" as used herein will include any individual, corporation,
general partnership, limited partnership, joint venture, association, trust,
organization, business entity, government (or political subdivision thereof) or
governmental agency.

6.11    Counterparts. 
This Agreement may be executed in several counterparts, each of which will
constitute an original and all of which, when taken together, will constitute
one agreement.

-7- 

IN WITNESS
WHEREOF, the parties hereto have caused this Agreement to be executed as of
the date first above written.

SELLER:                        

Envision Solar International, Inc.

A Nevada Corporation

By:
/s/ Desmond Wheatley

_______________________________

       Desmond Wheatley, Chief Executive
Officer

PURCHASER:

Issue certificate as follows:

Keshif Ventures, LLC

/s/ Taner Halicioglu

_________________________________

By: Taner Halicioglu

 

Keshif Ventures, LLC

Print Name of Purchaser (1)

                     

4445 Eastgate Mall, Suite 200

Street Address

                                                          

San Diego, CA 92121

City, State and Zip Code     

-8-

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