Document:

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS WARRANT NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	 	Right
    to Purchase 525,000 shares of Common Stock of Car Charging Group, Inc. (subject to adjustment as provided herein)

 

CLASS
A COMMON STOCK PURCHASE WARRANT

 

	No.
    FG -001 	Issue
    Date: June 24, 2016

 

CAR
CHARGING GROUP, INC., a corporation organized under the laws of the State of Nevada (the “Company”), hereby certifies
that, for value received, The Farkas Group Inc. or its assigns (the “Holder”), is entitled, subject to the terms set
forth below, to purchase from the Company at any time after the Issue Date until 5:00 p.m., E.S.T. on the three (3) year anniversary
of the Issue Date (the “Expiration Date”), up to 525,000 fully paid and nonassessable shares of Common Stock at a
per share purchase price of $0.70. The aforedescribed purchase price per share, as adjusted from time to time as herein provided,
is referred to herein as the “Purchase Price.” The number and character of such shares of Common Stock and the Purchase
Price are subject to adjustment as provided herein. The Company may reduce the Purchase Price for some or all of the Warrants,
temporarily or permanently, provided such reduction is made as to all outstanding Warrants for all Holders of such Warrants.

 

As
used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

(a)The
term “Company” shall mean Car Charging Group, Inc., a Nevada corporation, and any corporation which shall succeed
or assume the obligations of Car Charging Group, Inc. hereunder.

 

(b)The
term “Common Stock” includes (i) the Company’s Common Stock, $0.001 par value per share, as authorized on the
date hereof, and (ii) any other securities into which or for which any of the securities described herein (i) may be converted
or exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

(c)The
term “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company or any other
person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have received,
on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have
been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 4 herein or otherwise.

 

(d)The
term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this Warrant.

 

    	 	 	 

     

    

 

1.Exercise
of Warrant.

 

1.1.Number
of Shares Issuable upon Exercise. From and after the Issue Date through and including the Expiration Date, the Holder hereof
shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of subsection 1.2 or upon exercise
of this Warrant in part in accordance with subsection 1.3, shares of Common Stock of the Company, subject to adjustment pursuant
to Section 4.

 

1.2.Full
Exercise. This Warrant may be exercised in full by the Holder hereof by delivery of an original or facsimile copy of the form
of subscription attached as Exhibit A hereto (the “Subscription Form”) duly executed by such Holder and delivery
within two days thereafter of payment, in cash, wire transfer or by certified or official bank check payable to the order of the
Company, in the amount obtained by multiplying the number of shares of Common Stock for which this Warrant is then exercisable
by the Purchase Price then in effect. The original Warrant is not required to be surrendered to the Company until it has been
fully exercised.

 

1.3.Partial
Exercise. This Warrant may be exercised in part (but not for a fractional share) by delivery of a Subscription Form in the
manner and at the place provided in subsection 1.2 except that the amount payable by the Holder on such partial exercise shall
be the amount obtained by multiplying (a) the number of whole shares of Common Stock designated by the Holder in the Subscription
Form by (b) the Purchase Price then in effect. On any such partial exercise provided the Holder has surrendered the original Warrant,
the Company, at its expense, will forthwith issue and deliver to or upon the order of the Holder hereof a new Warrant of like
tenor, in the name of the Holder hereof or as such Holder (upon payment by such Holder of any applicable transfer taxes) may request,
the whole number of shares of Common Stock for which such Warrant may still be exercised.

 

1.4.Fair
Market Value. Fair Market Value of a share of Common Stock as of a particular date (the “Determination Date”)
shall mean:

 

(a)If
the Company’s Common Stock is traded on an exchange or is quoted on the NASDAQ Global Market, NASDAQ Global Select Market,
the NASDAQ Capital Market, the New York Stock Exchange or the American Stock Exchange, LLC, then the average of the closing sale
prices of the Common Stock for the five (5) Trading Days immediately prior to (but not including) the Determination Date;

 

(b)If
the Company’s Common Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the
NASDAQ Capital Market, the New York Stock Exchange or the American Stock Exchange, Inc., but is traded on the OTC Bulletin Board
or in the over-the-counter market or Pink Sheets, then the average of the closing bid and ask prices reported for the five (5)
Trading Days immediately prior to (but not including) the Determination Date;

 

(c)Except
as provided in clause (d) below and Section 3.1, if the Company’s Common Stock is not publicly traded, then as the Holder
and the Company agree, or in the absence of such an agreement, by arbitration in accordance with the rules then standing of the
American Arbitration Association, before a single arbitrator to be chosen from a panel of persons qualified by education and training
to pass on the matter to be decided; or

 

(d)If
the Determination Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation, dissolution
or winding up pursuant to the Company’s charter, then all amounts to be payable per share to holders of the Common Stock
pursuant to the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per
share in respect of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all of
the shares of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.

 

1.5.Company
Acknowledgment. The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof, acknowledge
in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be entitled after
such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request, such failure
shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

 

    	 	 	 

     

    

 

1.6.Delivery
of Stock Certificates, etc. on Exercise. The Company agrees that, provided the full purchase price listed in the Subscription
Form is received as specified in Sections 1.2, 1.3 or 2, the shares of Common Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder hereof as the record owner of such shares as of the close of business on the date on which
delivery of a Subscription Form shall have occurred and payment made for such shares as aforesaid. As soon as practicable after
the exercise of this Warrant in full or in part, and in any event within three (3) business days thereafter (“Warrant Share
Delivery Date”), the Company at its expense (including the payment by it of any applicable issue taxes) will cause to be
issued in the name of and delivered to the Holder hereof, or as such Holder (upon payment by such Holder of any applicable transfer
taxes) may direct in compliance with applicable securities laws, a certificate or certificates for the number of duly and validly
issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which such Holder shall be entitled on such
exercise, plus, in lieu of any fractional share to which such Holder would otherwise be entitled, cash equal to such fraction
multiplied by the then Fair Market Value of one full share of Common Stock, together with any other stock or other securities
and property (including cash, where applicable) to which such Holder is entitled upon such exercise pursuant to Section 1 or otherwise.

 

1.7Registration
Rights.The Company shall grant to the Holder or its assignees, for any shares of Common Stock issued pursuant to this
Warrant, piggyback registration rights, on Form S-3, Form SB-2, S-1 or such other form as may be applicable pursuant to the Securities
Act of 1933 as amended in accordance with the terms set forth below. Except as provided herein, the Company shall pay all expenses
in connection with all registration of shares of the Common Stock. Notwithstanding the foregoing, each of the Company and the
Holder shall be responsible for its own internal administrative and similar costs, which shall not constitute registration expenses.

 

2.Cashless
Exercise.

 

Subject
to the provisions herein to the contrary, if the Fair Market Value of one share of Common Stock is greater that the Purchase Price
(at the date of calculation as set forth below), in lieu of exercising this Warrant for cash, the holder may elect to receive
shares equal to the value (as determined below) of this Warrant (or the portion thereof being cancelled) by delivery of a properly
endorsed Subscription Form delivered to the Company by any means described in Section 12, in which event the Company shall issue
to the holder a number of shares of Common Stock computed using the following formula:

 

	 	X=Y
    (A-B)
	 	A

 

	 	Where
    	X
    = 	the
    number of shares of Common Stock to be issued to the holder
	 	 	 	 
	 	 	Y=
    	the
    number of shares of Common Stock purchasable under the Warrant or, if only a portion of the Warrant is being exercised, the
    portion of the Warrant being exercised (at the date of such calculation)
	 	 	 	 
	 	 	A=	Fair
    Market Value
	 	 	 	 
	 	 	B=	Purchase
    Price (as adjusted to the date of such calculation)

 

3.Continuation
of Terms. Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer) referred
to in this Section 3, this Warrant shall continue in full force and effect and the terms hereof shall be applicable to the Other
Securities and property receivable on the exercise of this Warrant after the consummation of such reorganization, consolidation
or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding upon the
issuer of any Other Securities, including, in the case of any such transfer, the person acquiring all or substantially all of
the properties or assets of the Company.

 

    	 	 	 

     

    

 

4.Intentionally
Omitted.

 

5.Certificate
as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities) issuable
on the exercise of the Warrants, the Company at its expense will promptly cause its Chief Financial Officer or other appropriate
designee to compute such adjustment or readjustment in accordance with the terms of the Warrant and prepare a certificate setting
forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including
a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock (or Other
Securities) issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock (or Other Securities)
outstanding or deemed to be outstanding, and (c) the Purchase Price and the number of shares of Common Stock to be received upon
exercise of this Warrant, in effect immediately prior to such adjustment or readjustment and as adjusted or readjusted as provided
in this Warrant. The Company will forthwith mail a copy of each such certificate to the Holder of the Warrant and any Warrant
Agent of the Company (appointed pursuant to Section 10 hereof).

 

6.Reservation
of Stock, etc. Issuable on Exercise of Warrant; Financial Statements. The Company will at all times reserve and keep available,
solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities) from time to
time issuable on the exercise of the Warrant.

 

7.Assignment;
Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced hereby,
may be transferred by any registered holder hereof (a “Transferor”). On the surrender for exchange of this Warrant,
with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor Endorsement Form”)
and together with an opinion of counsel reasonably satisfactory to the Company that the transfer of this Warrant will be in compliance
with applicable securities laws, the Company will issue and deliver to or on the order of the Transferor thereof a new Warrant
or Warrants of like tenor, in the name of the Transferor and/or the transferee(s) specified in such Transferor Endorsement Form
(each a “Transferee”), calling in the aggregate on the face or faces thereof for the number of shares of Common Stock
called for on the face or faces of the Warrant so surrendered by the Transferor.

 

8.Replacement
of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity agreement or
security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender and cancellation
of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant of like tenor.

 

9.Warrant
Agent. The Company may, by written notice to the Holder of the Warrant, appoint an agent (a “Warrant Agent”) for
the purpose of issuing Common Stock (or Other Securities) on the exercise of this Warrant pursuant to Section 1, exchanging this
Warrant pursuant to Section 7, and replacing this Warrant pursuant to Section 8, or any of the foregoing, and thereafter any such
issuance, exchange or replacement, as the case may be, shall be made at such office by such Warrant Agent.

 

10.Transfer
on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat the registered
holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

    	 	 	 

     

    

 

11.Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be:

 

If
to the Company, to:

 

Car
Charging Group, Inc.

1691
Michigan Avenue, Suite 601, Miami Beach, Florida 33139

Facsimile:
(305) 521-0201

 

If
to the Holder:

 

The
Farkas Group, Inc.

________________________________________________________

Facsimile:
____________________________________________________

 

13.Law
Governing This Warrant. This Warrant shall be governed by and construed in accordance with the laws of the State of Florida
without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions
contemplated by this Warrant shall be brought only in the state courts of Florida or in the federal courts located in the state
and county of Florida. The parties to this Warrant hereby irrevocably waive any objection to jurisdiction and venue of any action
instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens.
THE PARTIES TO THIS AGREEMENT HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING
OUT OF OR RELATING TO THIS WARRANT, ANY OTHER AGREEMENT OR INSTRUMENT DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees
and costs. In the event that any provision of this Warrant or any other agreement delivered in connection herewith is invalid
or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that
it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may
prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement.
Each party hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Warrant by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Warrant and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any other manner permitted by law.

 

IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.

 

	 	CAR CHARGING GROUP, INC.
	 	 	 
	 	By:	 
	 	 	Mike
    Calise, Chief Executive Officer

 

    	 	 	 

     

    

 

Exhibit
A

 

FORM
OF SUBSCRIPTION

(to
be signed only on exercise of Warrant)

 

TO:
CAR CHARGING GROUP, INC.

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant (No.____), hereby irrevocably elects to purchase (check
applicable box):

 

___________
shares of the Common Stock covered by such Warrant; or

 

___the
maximum number of shares of Common Stock covered by such Warrant pursuant to the cashless exercise procedure set forth in Section
2.

 

 

The
undersigned herewith makes payment of the full purchase price for such shares at the price per share provided for in such Warrant,
which is $___________. Such payment takes the form of (check applicable box): 

 

___$__________
in lawful money of the United States; and/or

 

___the
cancellation of such portion of the attached Warrant as is exercisable for a total of _______ shares of Common Stock (using a
Fair Market Value of $________ per share for purposes of this calculation); and/or

 

___the
cancellation of such number of shares of Common Stock as is necessary, in accordance with the formula set forth in Section 2,
to exercise this Warrant with respect to the maximum number of shares of Common Stock purchasable pursuant to the cashless exercise
procedure set forth in Section 2.

  

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to _____________________________________________________
whose address is _______________________

________________________________________________________________________________________________

_______________________________________________________________.

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the
within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities
Act”), or pursuant to an exemption from registration under the Securities Act.

 

	 	 
	Dated:___________________	 (Signature
    must conform to name of holder as specified on the face of the Warrant)
	 	 
	 	 
	 	 
	 	(Address)

 

    	 	 	 

     

    

 

Exhibit
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To
be signed only on transfer of Warrant)

 

For
value received, the undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees”
the right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of CAR CHARGING GROUP,
INC., to which the within Warrant relates specified under the headings “Percentage Transferred” and “Number
Transferred,” respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its
respective right on the books of CAR CHARGING GROUP, INC. with full power of substitution in the premises.

 

	Transferees	 	Percentage
    Transferred	 	Number
    Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

  

	 	 	 
	Dated:
    ______________, ___________	 	(Signature
    must conform to name of holder as specified on the face of the warrant)
	 	 	 
	Signed
    in the presence of:	 	 
	 	 	 
	 	 	 
	(Name)	 	 
	 	 	(address)
	 	 	 
	 	 	 
	 	 	 
	ACCEPTED
    AND AGREED: [TRANSFEREE]	 	(address)
	 	 	 
	 	 	 
	(Name)NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. 

 

	Principal
    Amount: $95,000	Issue
    Date: June 24, 2016

 

SECURED
CONVERTIBLE PROMISSORY NOTE

 

FOR
VALUE RECEIVED, CAR CHARGING GROUP, INC., a Nevada corporation (hereinafter called “Borrower”), hereby promises
to pay to the order of THE FARKAS GROUP INC. (collectively, the “Holder”), without demand, the sum of Ninety
Five Thousand Dollars ($95,000.00) (“Principal Amount”), with interest accruing thereon, on the earlier of
(i) the sixty (60) day anniversary date of the Issue Date or (ii) the date on which the Company has received at least One Million
Dollars ($1,000,000) in financing from third parties after the Issue Date (the “Maturity Date”), if not sooner
paid.

 

This
Note also contains a three (3) year warrant to purchase 475,000 shares of common stock substantially in the form attached as Exhibit
C to the Note (the “Warrant”).

 

ARTICLE
I

GENERAL
PROVISIONS

 

1.1Interest
Rate. Interest payable on this Note shall accrue at the annual rate of eighteen percent (18%) and be payable on the Maturity
Date, accelerated or otherwise, when the principal and remaining accrued but unpaid interest shall be due and payable, or sooner
as described below.

 

1.2Payment
Grace Period. The Borrower shall have a ten (10) day grace period to pay any monetary amounts due under this Note. After the
expiration of the grace period, during the pendency of an Event of Default (as described in Article III), a default interest rate
equal to the highest legally allowable rate shall be in effect.

 

1.3Conversion
Privileges. The Conversion Rights set forth in Article II shall remain in full force and effect immediately from the
date hereof and until the Note is paid in full regardless of the occurrence of an Event of Default. This Note shall be payable
in full on the Maturity Date, unless previously converted into Common Stock in accordance with Article II hereof.

 

1.4Prepayment.
This Note may be prepaid by the Borrower in whole, at any time, or in part, from time to time, without penalty or premium, upon
four (4) business days prior written notice to the Holder. Upon receipt of such notice, the Holder may determine to convert the
Note pursuant to Article II. No such notice shall be necessary if payment will be made on the Maturity Date.

 

1.5Use
of Funds. The Principal Amount received by the Borrower hereunder shall be used solely for the purpose of paying vendors of
the Borrower associated with the Borrower’s audit. In the event such vendors agree to commence work on the Borrower’s
audit for less than the full Principal Amount, the Borrower shall have the right to use any excess as operating capital.

 

    	 	 	 

     

    

 

ARTICLE
II

CONVERSION
RIGHTS

 

The
Holder shall have the right to convert the principal and any interest due under this Note into Shares of the Borrower’s
Common Stock, $0.001 par value per share (“Common Stock”) as set forth below.

 

2.1.Conversion
into the Borrower’s Common Stock.

 

(a)The
Holder shall have the right from and after the date of the issuance of this Note and then at any time until this Note is fully
paid, to convert any outstanding and unpaid principal portion of this Note, and accrued interest, at the election of the Holder
(the date of giving of such notice of conversion being a “Conversion Date”) into fully paid and non-assessable
shares of Common Stock as such stock exists on the date of issuance of this Note, or any shares of capital stock of Borrower into
which such Common Stock shall hereafter be changed or reclassified, at the Fixed Conversion Price (as defined in Section 2.1(b)
hereof), determined as provided herein. Upon delivery to the Borrower of a completed Notice of Conversion, a form of which
is annexed hereto as Exhibit A, Borrower shall issue and deliver to the Holder within three (3) business days after the
Conversion Date (such third day being the “Delivery Date”) that number of shares of Common Stock for the portion
of the Note converted in accordance with the foregoing. At the election of the Holder, the Borrower will deliver accrued but unpaid
interest on the Note, if any, through the Conversion Date directly to the Holder on or before the Delivery Date. The number of
shares of Common Stock to be issued upon each conversion of this Note shall be determined by dividing that portion of the principal
of the Note and interest, if any, to be converted, by the Fixed Conversion Price.

 

(b)Subject
to adjustment as provided herein, the fixed conversion price per share shall be equal to $0.70 (“Fixed Conversion Price”).

 

(c)
The Fixed Conversion Price and number and kind of shares or other securities to be issued upon conversion determined pursuant
to Section 2.1(a), shall be subject to adjustment from time to time upon the happening of certain events while this conversion
right remains outstanding, as follows:

 

A.Merger,
Sale of Assets, etc. If (A) the Borrower effects any merger or consolidation of the Borrower with or into another entity,
(B) the Borrower effects any sale of all or substantially all of its assets in one or a series of related transactions, (C) any
tender offer or exchange offer (whether by the Borrower or another entity) is completed pursuant to which holders of Common Stock
are permitted to tender or exchange their shares for other securities, cash or property, (D) the Borrower consummates a stock
purchase agreement or other business combination (including, without limitation, a reorganization, recapitalization, spin-off
or scheme of arrangement) with one or more persons or entities whereby such other persons or entities acquire more than the 50%
of the outstanding shares of Common Stock (not including any shares of Common Stock held by such other persons or entities making
or party to, or associated or affiliated with the other persons or entities making or party to, such stock purchase agreement
or other business combination), (E) any “person” or “group” (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934
Act), directly or indirectly, of 50% of the aggregate Common Stock of the Borrower, or (F) the Borrower effects any reclassification
of the Common Stock or any merger or voluntary or compulsory share exchange pursuant to which the Common Stock is effectively
converted into or exchanged for other securities, cash or property (in any such case, a “Fundamental Transaction”),
this Note, as to the unpaid principal portion thereof and accrued interest thereon, shall thereafter be deemed to evidence the
right to convert into such number and kind of shares or other securities and property as would have been issuable or distributable
on account of such Fundamental Transaction, upon or with respect to the securities subject to the conversion right immediately
prior to such Fundamental Transaction. The foregoing provision shall similarly apply to successive Fundamental Transactions of
a similar nature by any such successor or purchaser. Without limiting the generality of the foregoing, the anti-dilution provisions
of this Section shall apply to such securities of such successor or purchaser after any such Fundamental Transaction.

 

B.Reclassification,
etc. If the Borrower at any time shall, by reclassification or otherwise, change the Common Stock into the same or a different
number of securities of any class or classes that may be issued or outstanding, this Note, as to the unpaid principal portion
thereof and accrued interest thereon, shall thereafter be deemed to evidence the right to purchase an adjusted number of such
securities and kind of securities as would have been issuable as the result of such change with respect to the Common Stock immediately
prior to such reclassification or other change.

 

    	 	 	 

     

    

 

C.Fundamental
Transaction. In the event the Borrower undergoes a Fundamental Transaction, as a condition thereof, Borrower covenants and
agrees to cause the surviving entity to such transaction to assume the obligations under this Note, including the right to convert
the outstanding Principal and Interest hereon into common stock of the company into which shares of the Common Stock of Borrower
are exchanged or issues at the Fixed Conversion Price and upon the closing of such Fundamental Transaction, and as a condition
thereof, such company shall assume the obligations of Borrower as if named as Borrower herein.

 

(d)During
the period the conversion right exists, Borrower will reserve from its authorized and unissued Common Stock not less than an amount
of Common Stock equal to 120% of the amount of shares of Common Stock issuable upon the full conversion of this Note. Borrower
represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. Borrower agrees that
its issuance of this Note shall constitute full authority to its officers, agents, and transfer agents who are charged with the
duty of executing and issuing stock certificates to execute and issue the necessary certificates for shares of Common Stock upon
the conversion of this Note.

 

2.2Method
of Conversion. This Note may be converted by the Holder in whole or in part as described in Section 2.1(a) hereof.
Upon partial conversion of this Note, a new Note containing the same date and provisions of this Note shall, at the request of
the Holder, be issued by the Borrower to the Holder for the principal balance of this Note and interest which shall not have been
converted or paid.

 

2.3.Maximum
Conversion. The Holder shall not be entitled to convert on a Conversion Date that amount of the Note in connection with that
number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates on a Conversion Date, (ii) any Common Stock issuable in connection with the unconverted
portion of the Note, and (iii) the number of shares of Common Stock issuable upon the conversion of the Note with respect to which
the determination of this provision is being made on a Conversion Date, which would result in beneficial ownership by the Holder
and its affiliates of more than 4.99% of the outstanding shares of Common Stock of the Borrower on such Conversion Date. For the
purposes of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder
shall not be limited to aggregate conversions of 4.99%. The Holder shall have the authority and obligation to determine whether
the restriction contained in this Section 2.3 will limit any conversion hereunder and to the extent that the Holder determines
that the limitation contained in this Section applies, the determination of which portion of the Notes are convertible shall be
the responsibility and obligation of the Holder.

 

2.4Registration
Rights.The Borrower shall grant to the Holder or its assignees, for any shares of Common Stock issued pursuant to this
Note, piggyback registration rights, on Form S-3, Form SB-2, S-1 or such other form as may be applicable pursuant to the Securities
Act of 1933 as amended in accordance with the terms set forth below. Except as provided herein, the Borrower shall pay all expenses
in connection with all registration of shares of the Common Stock. Notwithstanding the foregoing, each of the Borrower and the
Holder shall be responsible for its own internal administrative and similar costs, which shall not constitute registration expenses.

 

ARTICLE
III

EVENT
OF DEFAULT

 

The
occurrence of any of the following events of default (“Event of Default”) shall, at the option of the Holder
hereof, make all sums of principal and interest then remaining unpaid hereon and all other amounts payable hereunder immediately
due and payable, upon demand, without presentment, or grace period, all of which hereby are expressly waived, except as set forth
below:

 

3.1Failure
to Pay Principal or Interest. The Borrower fails to pay any installment of principal, interest or other sum due under this
Note when due.

 

    	 	 	 

     

    

 

3.2Breach
of Covenant. The Borrower breaches any material covenant or other term or condition of this Note in any material respect and
such breach, if subject to cure, continues for a period of ten (10) business days after written notice to the Borrower from the
Holder.

 

3.3Breach
of Representations and Warranties. Any material representation or warranty of the Borrower made herein, or in any agreement,
statement or certificate given in writing pursuant hereto or in connection therewith shall be false or misleading in any material
respect as of the date made.

 

3.4Liquidation.
Any dissolution, liquidation or winding up of Borrower or any substantial portion of its business.

 

3.5Cessation
of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts
as such debts become due.

 

3.6Receiver
or Trustee. The Borrower or any Subsidiary of Borrower shall make an assignment for the benefit of creditors, or apply for
or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business; or such a
receiver or trustee shall otherwise be appointed.

 

3.7Judgments.
Any money judgment, writ or similar final process shall be entered or filed against Borrower or any of its property or other assets
for more than $500,000, unless stayed vacated or satisfied within thirty (30) days.

 

3.8Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings or relief under any bankruptcy law or any
law, or the issuance of any notice in relation to such event, for the relief of debtors shall be instituted by or against the
Borrower.

 

3.9Reservation
Default. Failure by the Borrower to have reserved for issuance upon conversion of the Note the number of shares of Common
Stock as required in this Note.

 

ARTICLE
IV

SECURITY
INTEREST

 

4.1Security
Interest. Borrower hereby assigns, pledges, transfers and grants to Holder a first priority lien on and continuing security
interest in all of the Borrower’s assets listed on Exhibit A hereto (collectively hereinafter referred to as the
“Collateral”). Borrower shall execute such documents as may be reasonably required by Holder to perfect its security
interest in the Collateral (including, without limitation, a financing statement and security agreement). This Promissory Note
shall create a continuing security interest in the Collateral and shall (a) remain in full force and effect until the payment
in full of amounts due hereunder, (b) be binding upon Borrower and its successors and assigns and (c) inure to the benefit of
the Holder and its successors, transferees and assigns. In the Event of an uncured Default, Holder shall have all of the rights
and remedies of a secured party under the Uniform Commercial Code as in effect in the State of Florida. Upon the payment in full
of amounts due hereunder, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to
Borrower. Upon any such termination, the Holder will execute and deliver to Borrower such documents as Borrower shall reasonably
request to evidence such termination. Notwithstanding anything to the contrary, Borrower hereby pledges to the Holder, and creates
in the Holder for its benefit, a first priority security interest for such time until all of the obligations are paid in full,
in and to all of the property and assets of the Borrower including but not limited to all of the property and assets as set forth
in Exhibit “A” attached hereto, whether presently owned or existing or hereafter acquired or coming into existence,
and all additions and accessions thereto and all substitutions and replacements thereof (collectively, the “Pledged Property”).

 

4.2Waiver
of Automatic Stay. The Borrower acknowledges and agrees that should a proceeding under any bankruptcy or insolvency law be
commenced by or against the Borrower, or if any of the Collateral should become the subject of any bankruptcy or insolvency proceeding,
then the Holder should be entitled to, among other relief to which the Holder may be entitled under hereunder and/or applicable
law, an order from the court granting immediate relief from the automatic stay pursuant to 11 U.S.C. Section 362 to permit the
Holder to exercise all of its rights and remedies pursuant to this Note and/or applicable law. THE BORROWER EXPRESSLY WAIVES THE
BENEFIT OF THE AUTOMATIC STAY IMPOSED BY 11 U.S.C. SECTION 362. FURTHERMORE, THE BORROWER EXPRESSLY ACKNOWLEDGES AND AGREES THAT
NEITHER 11 U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE OR RULE (INCLUDING, WITHOUT LIMITATION,
11 U.S.C. SECTION 105) SHALL STAY, INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE HOLDER TO ENFORCE ANY
OF ITS RIGHTS AND REMEDIES UNDER THIS NOTE AND/OR APPLICABLE LAW. The Borrower hereby consents to any motion for relief from stay
that may be filed by the Holder in any bankruptcy or insolvency proceeding initiated by or against the Borrower and, further,
agrees not to file any opposition to any motion for relief from stay filed by the Holder. The Borrower represents, acknowledges
and agrees that this waiver is knowingly, intelligently and voluntarily made, that neither the Holder nor any person acting on
behalf of the Holder has made any representations to induce this waiver, that the Borrower has been represented (or has had the
opportunity to he represented) in the signing of this Note and in the making of this waiver by independent legal counsel selected
by the Borrower and that the Borrower has discussed this waiver with counsel.

 

    	 	 	 

     

    

 

ARTICLE
V

MISCELLANEOUS

 

5.1Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder hereof in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privilege. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

5.2Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice
is to be received), or the first business day following such delivery (if delivered other than on a business day during normal
business hours where such notice is to be received) or (b) on the first business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be: (i) if to the Borrower to: Car Charging Group, Inc., 1691 Michigan Avenue, Suite
601, Miami Beach, FL 33139, facsimile: (305) 521-0201 and (ii) if to the Holder, to the name, address and facsimile number set
forth on the front page of this Note.

 

5.3Amendment
Provision. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument
as originally executed, or if later amended or supplemented, then as so amended or supplemented. This Note may only be amended
or modified by a written document signed by Borrower and Holder.

 

5.4Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to the benefit of the Holder and
its successors and assigns. The Borrower may not assign its obligations under this Note except as required in connection with
a Fundamental Transaction or upon the prior written consent of Holder.

 

5.5Cost
of Collection. If default is made in the payment of this Note, Borrower shall pay the Holder hereof reasonable costs of collection,
including reasonable attorneys’ fees.

 

5.6Governing
Law, Venue, Waiver of Jury Trial. This Note shall be governed by and construed in accordance with the laws of the State of
Florida without regard to conflicts of laws principles that would result in the application of the substantive laws of another
jurisdiction. Any action brought by either party against the other concerning the transactions contemplated by this Agreement
must be brought only in the civil or state courts of Florida or in the federal courts located in the State of Florida, County
of Miami-Dade. Both parties and the individual signing this Agreement on behalf of the Borrower agree to submit to the jurisdiction
of such courts. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs. In the event that any provision of this Note is invalid or unenforceable under any applicable statute or rule of law, then
such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform
with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall not affect the
validity or unenforceability of any other provision of this Note. Nothing contained herein shall be deemed or operate to preclude
the Holder from bringing suit or taking other legal action against the Borrower in any other jurisdiction to collect on the Borrower’s
obligations to Holder, to realize on any collateral or any other security for such obligations, or to enforce a judgment or other
decision in favor of the Holder. THE HOLDER AND THE BORROWER HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS NOTE, ANY OTHER CONTRACT OR INSTRUMENT DELIVERED IN CONNECTION HEREWITH
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

    	 	 	 

     

    

 

5.7Maximum
Payments. Nothing contained herein shall be deemed to establish or require the payment of a rate of interest or other charges
in excess of the maximum rate permitted by applicable law. In the event that the rate of interest required to be paid or other
charges hereunder exceed the maximum rate permitted by applicable law, any payments in excess of such maximum rate shall be credited
against amounts owed by the Borrower to the Holder and thus refunded to the Borrower.

 

5.8Non-Business
Days. Whenever any payment or any action to be made shall be due on a Saturday, Sunday or a public holiday under the laws
of the State of Florida, such payment may be due or action shall be required on the next succeeding business day and, for such
payment, such next succeeding day shall be included in the calculation of the amount of accrued interest payable on such date.

 

5.9Redemption.
This Note may not be redeemed or called without the consent of the Holder except as described in this Note.

 

5.10Shareholders,
Officers and Directors Not Liable. In no event shall any shareholder, officer or director of Borrower be liable for any amounts
due or payable pursuant to this Note.

 

5.11Shareholder
Status. The Holder shall not have rights as a shareholder of the Borrower with respect to unconverted portions of this Note.
However, the Holder will have the rights of a shareholder of the Borrower with respect to the Shares of Common Stock to be received
after delivery by the Holder of a Conversion Notice to the Borrower.

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by an authorized officer as of the date and year first
above written.

 

	CAR CHARGING GROUP, INC.	 
	 	 	 
	By:	 	 
	 	Mike
    Calise, Chief Executive Officer 	 

 

    	 	 	 

     

    

 

Exhibit
A

DEFINITION OF COLLATERAL

 

For
the purpose of securing prompt and complete payment and performance by the Borrower (hereinafter the “Company”) of
all of the obligations under the Note, the Company unconditionally and irrevocably hereby grants to the Holder (hereinafter the
“Secured Party”) a continuing first priority security interest in and to, and lien upon, the following pledged property
of the Company:

 

1all
cash, negotiable instruments, escrow funds, bank accounts, assets of all subsidiaries, shares of stocks of all subsidiaries, contract
rights, prepaid expenses and claims; 

 

(b)all
goods of the Company, including, without limitation, machinery, equipment, computer, furniture, furnishings, fixtures, signs,
lights, tools, parts, supplies and motor vehicles of every kind and description, now or hereafter owned by the Company or in which
the Company may have or may hereafter acquire any interest, and all replacements, additions, accessions, substitutions and proceeds
thereof, arising from the sale or disposition thereof, and where applicable, the proceeds of insurance and of any tort claims
involving any of the foregoing;

 

(c)all
inventory of the Company, including, but not limited to, all goods, wares, merchandise, parts, supplies, finished products, other
tangible personal property, including such inventory as is temporarily out of Company’s custody or possession and including
any returns upon any accounts or other proceeds, including insurance proceeds, resulting from the sale or disposition of any of
the foregoing;

 

(d)all
contract rights and general intangibles of the Company, including, without limitation, goodwill, trademarks, trade styles, trade
names, leasehold interests, partnership or joint venture interests, patents and patent applications, copyrights, deposit accounts
whether now owned or hereafter created;

 

(e)all
documents, warehouse receipts, instruments and chattel paper of the Company whether now owned or hereafter created, including
without limitation all files, records, books of account, business papers and computer programs;

 

(f)all
accounts and other receivables, instruments or other forms of obligations and rights to payment of the Company (herein collectively
referred to as “Accounts”), together with the proceeds thereof, all goods represented by such Accounts and
all such goods that may be returned by the Company’s customers, and all proceeds of any insurance thereon, and all guarantees,
securities and liens which the Company may hold for the payment of any such Accounts including, without limitation, all rights
of stoppage in transit, replevin and reclamation and as an unpaid vendor and/or lienor, all of which the Company represents and
warrants will be bona fide and existing obligations of its respective customers, arising out of the sale of goods by the Company
in the ordinary course of business;

 

(g)to
the extent assignable, all of the Company’s rights under all present and future authorizations, permits, licenses and franchises
issued or granted in connection with the operations of any of its facilities; and

 

(h)all
products and proceeds (including, without limitation, insurance proceeds) from the above-described Pledged Property.

 

    	 	 	 

     

    

 

Exhibit
B

NOTICE OF CONVERSION

 

(To
be executed by the Registered Holder in order to convert the Note)

 

The
undersigned hereby elects to convert $_________ of the principal and $_________ of the interest due on the Note issued by CAR
CHARGING GROUP, INC. on June 24, 2016 into Shares of Common Stock of CAR CHARGING GROUP, INC. (the “Borrower”) according
to the conditions set forth in such Note, as of the date written below.

 

Date
of Conversion:____________________________________________________________________

 

Conversion
Price:______________________________________________________________________

 

Number
of Shares of Common Stock Beneficially Owned on the Conversion Date: __________________

 

Shares
To Be Delivered:_________________________________________________________________

 

Signature:___________________________________________________________________________

 

Print
Name:_________________________________________________________________________

 

Address:____________________________________________________________________________

 

____________________________________________________________________________

 

    	 	 	 

     

    

 

Exhibit
C

WARRANT

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