Document:

Exhibit 4.1

 

Template 2019-07-16

 

Exhibit
E

Registration
Rights Agreement

(__________________________)

 

This
Registration Rights Agreement (this “Agreement”) is entered into as of _________________, 2019 by F5 Finishes,
Inc., a Delaware corporation (“F5 Finishes”), and each of the Shareholders listed on Annex I attached
hereto (each a “Shareholder” and together the “Shareholders”).

 

Background

 

A.
Each Shareholder owns the issued and outstanding capital stock or other equity interests of the company, as listed on Annex
I to this Agreement next to each such Shareholder’s name. Collectively, all of the undersigned Shareholders own all
of the issued and outstanding capital stock or other equity interests of all of the companies listed on Annex I (each a “Combining
Company” and together the “Combining Companies”).

 

B.
Concurrently with entering into this Agreement, F5 Finishes has closed the transactions contemplated under separate Combination
Agreements, each dated as of ____________, 2019 (each a “Combination Agreement” and together, the “Combination
Agreements”), by and among F5 Finishes, each one of the Combining Companies, and each such Combining Company’s
respective Shareholder (or Shareholders), and pursuant to these transactions each Shareholder transferred his or her shares of
stock or equity interests in his or her respective Combining Company to F5 Finishes and received in exchange cash, notes and shares
of F5 Finishes common stock.

 

C.
Concurrently with the closing of such transactions, as part of a single transaction, F5 Finishes has closed an underwritten initial
public offering of shares of F5 Finishes common stock.

 

D.
The shares of F5 Finishes common stock that each of the Shareholders received from F5 Finishes at the closing of the transactions
under their respective Combination Agreements have not been registered under the Securities Act.

 

E.
F5 Finishes has agreed to grant the registration rights set forth herein to all of the Shareholders in respect of the unregistered
shares of F5 Finishes common stock that they received at the closing of the transactions subject to the terms and conditions of
this Agreement and each of their respective Combination Agreements.

 

F.
The parties are entering into this Agreement pursuant to Section 2.5(d) of the Combination Agreement.

 

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Now,
therefore, in consideration of their mutual promises and intending to be legally bound, the parties agree as follows:

 

	 	1.	Definitions

 

Certain
capitalized terms used in this Agreement are defined in Exhibit A.

 

	 	2.	Piggyback
    Registrations

 

(a)
If at any time prior to ___________, 20__, F5 Finishes proposes to register any shares of its common stock under the Securities
Act and the registration form to be used may be used for the registration of Registrable Shares (a “Piggyback Registration”),
F5 Finishes shall promptly give written notice to all holders of Registrable Shares of its intention to effect the registration
and shall include in the registration all Registrable Shares in respect of which F5 Finishes has received written requests for
inclusion within twenty (20) days after receipt of F5 Finishes’ notice.

 

(b)
If (i) the Piggyback Registration is an underwritten primary registration on behalf of F5 Finishes or an underwritten secondary
registration on behalf of holders of F5 Finishes common stock (other than holders of Registrable Shares) and (ii) the managing
underwriter or underwriters advise F5 Finishes in writing that in their opinion the number of Registrable Shares requested to
be included in the registration exceeds the number that can be sold without adversely affecting the marketability of the offering,
the number of Registrable Shares included in the registration will be reduced by the excess, allocating this reduction pro rata
among the holders of the Registrable Shares requesting inclusion in the registration on the basis of the number of Registrable
Shares that they have requested to be included in the registration.

 

(c)
If (i) the Piggyback Registration is not an underwritten registration and (ii) F5 Finishes, in its judgment, determines that
the number of Registrable Shares requested to be included in the registration exceeds the number that can be sold without adversely
affecting the marketability of the offering, the number of Registrable Shares included in the registration will be reduced by
the excess, allocating this reduction pro rata among the holders of the Registrable Shares requesting inclusion in the registration
on the basis of the number of Registrable Shares that they have requested to be included in the registration.

 

(d)
If (i) F5 Finishes has previously filed a registration statement in respect of Registrable Shares pursuant to this Section 2
and (ii) the previous registration has not been withdrawn or abandoned, F5 Finishes shall not file or effect any other
registration of any shares of its common stock under the Securities Act (except on Form S-8 or any successor form), whether
on its own behalf or at the request of any holder or holders of its common stock, until a period of at least ninety (90) days
has elapsed from the effective date of the previous registration.

 

(e)
F5 shall pay the Registration Expenses of the participating holders of Registrable Shares in any Piggyback Registration.

 

	 	3.	Holdback
    Agreements

 

(a)
Each holder of Registrable Shares shall not effect any public sale or distribution (including sales pursuant to Rule 144)
of shares of F5 Finishes common stock during the thirty (30) days prior to and the one hundred eighty (180) days following the
effective date of any underwritten Piggyback Registration in which Registrable Shares are included (except as part of the underwritten
registration), unless the underwriters managing the offering otherwise agree.

 

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(b)
F5 Finishes shall not effect any public sale or distribution of shares of its common stock during such period prior to and following
the effective date of any underwritten Piggyback Registration as F5 Finishes and the underwriters managing the offering may agree.

 

	 	4.	Registration
    Procedures

 

Whenever
holders of Registrable Shares have requested that any Registrable Shares be registered pursuant to this Agreement, F5 Finishes
shall use commercially reasonable efforts to effect the registration and the sale of the Registrable Shares in accordance with
the intended method of disposition. In this regard, F5 Finishes shall:

 

(a)
prepare and file with the Securities and Exchange Commission a registration statement in respect of such Registrable Shares and
use commercially reasonable efforts to cause the registration statement to become effective;

 

(b)
prepare and file with the Securities and Exchange Commission any amendments and supplements to the registration statement and
the prospectus that may be necessary to keep the registration statement effective for a period of not less than one hundred eighty
(180) days, and comply with the provisions of the Securities Act in respect of the disposition of all shares of F5 Finishes common
stock covered by the registration statement during this one hundred eighty (180)-day period in accordance with the intended methods
of disposition described in the registration statement;

 

(c)
notify each holder of Registrable Shares of the effectiveness of each registration statement filed under this Agreement;

 

(d)
furnish to each participating holder of Registrable Shares the number of copies of the registration statement, each amendment
and supplement, the prospectus included in the registration statement (including each preliminary prospectus) and any other documents
that each holder reasonably may request in order to facilitate the disposition of the holder’s Registrable Shares;

 

(e)
use commercially reasonable efforts to register or qualify the Registrable Shares under such other securities or blue sky laws
of such jurisdictions as any participating holder reasonably requests and do any and all other acts and things which may be reasonably
necessary or advisable to enable the holder to consummate the disposition in those jurisdictions of the Registrable Shares that
such participating holder owns, provided, however, F5 Finishes shall not be required to (i) qualify generally to do
business in any jurisdiction where it would not otherwise be required to qualify but for this subsection, (ii) subject itself
to taxation in any such jurisdiction or (iii) consent to general service of process in any such jurisdiction;

 

(f)
notify each participating holder of Registrable Shares, at any time when a prospectus relating to those securities is required
to be delivered under the Securities Act, of the happening of any event as a result of which the prospectus included in the registration
statement contains an untrue statement of a material fact or omits any fact necessary to make the statements in the prospectus
not misleading; and, at the request of any participating holder, F5 Finishes shall prepare a supplement or amendment to the prospectus
so that, when delivered to purchasers of the Registrable Shares, the prospectus, as supplemented or amended, does not contain
an untrue statement of a material fact or omit to state any fact necessary to make the statements in the prospectus not misleading;

 

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(g)
cause all Registrable Shares to be quoted on The NASDAQ Stock Market;

 

(h)
provide a transfer agent and registrar for all such Registrable Shares no later than the effective date of the registration statement;

 

(i)
enter into such customary agreements (including underwriting agreements in customary form) and take all other actions that holders
of a majority of the Registrable Shares being sold or the underwriters, if any, reasonably request in order to expedite or facilitate
the disposition of the Registrable Shares;

 

(j)
make available for inspection by any participating holder of Registrable Shares, any underwriter participating in any disposition
pursuant to the registration statement and any attorney, accountant or other agent retained by any holder of Registrable Shares
or underwriter, all financial and other records, pertinent corporate documents and properties of F5 Finishes, and cause F5 Finishes’
officers, employees and independent accountants to supply all information reasonably requested by any such holder, underwriter,
attorney, accountant or agent in connection with the registration statement;

 

(k)
otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the Securities and Exchange
Commission, and make available to the participating holders of Registrable Shares, as soon as reasonably practicable, an earnings
statement covering the period of at least twelve (12) months beginning with the first day of F5 Finishes’ first full calendar
quarter after the effective date of the registration statement, which earnings statement must satisfy the provisions of Section 11(a)
of the Securities Act and Rule 158; and

 

(l)
in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending
or preventing the use of any related prospectus or suspending the qualification of any shares of F5 Finishes common stock included
in the registration statement for sale in any jurisdiction, use its best efforts promptly to obtain the withdrawal of such order.

 

No
holder of Registrable Shares will have any right to obtain or seek an injunction or otherwise delay any registration as the result
of any controversy that might arise with respect to the interpretation or implementation of this Section 4.

 

	 	5.	Registration
    Expenses

 

(a)
All Registration Expenses shall be borne as provided in this Agreement, except that F5 Finishes shall, in any case, pay its internal
expenses (including all salaries and expenses of its officers and employees performing legal or accounting duties), the expense
of any annual audit or quarterly review and the expenses and fees for listing the securities to be quoted on The NASDAQ Stock
Market.

 

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(b)
In connection with each Piggyback Registration, F5 Finishes shall reimburse the holders of Registrable Shares included in the
registration for the reasonable fees and disbursements of one counsel chosen by the participating holders of a majority of the
Registrable Shares included in the registration.

 

(c)
To the extent that Registration Expenses are not required to be paid by F5 Finishes, each holder of Registrable Shares included
in any registration under this Agreement shall pay those Registration Expenses allocable to the registration of the holder’s
Registrable Shares so included, and any Registration Expenses not so allocable shall be borne by all participating holders of
Registrable Shares included in the registration in proportion to the aggregate selling price of the Registrable Shares to be so
registered.

 

	 	6.	Indemnification

 

(a)
To the extent permitted by law, F5 Finishes shall indemnify each holder of Registrable Shares, its officers and directors and
each Person who controls such holder (within the meaning of the Securities Act) against all losses, claims, damages, liabilities
and expenses caused by any Violation, except insofar as the Violation is caused by or contained in any information furnished in
writing to F5 Finishes by the holder expressly for use in a registration statement, prospectus, amendment, supplement or related
document or is caused by the holder’s failure to deliver a copy of the registration statement or prospectus or any amendment
or supplements after F5 Finishes has furnished the holder with a sufficient number of copies. In connection with an underwritten
offering, F5 Finishes shall indemnify such underwriters, their officers and directors and each Person who controls such underwriters
(within the meaning of the Securities Act) to the same extent provided in this Section 6(a) in respect of the indemnification
of holders of Registrable Shares.

 

(b)
In connection with any registration statement in which a holder of Registrable Shares is participating, the holder shall furnish
to F5 Finishes in writing such information and affidavits as F5 Finishes reasonably requests for use in connection with the registration
statement or prospectus and, to the extent permitted by law, shall indemnify F5 Finishes, its directors and officers and each
Person who controls F5 Finishes (within the meaning of the Securities Act) against any losses, claims, damages, liabilities and
expenses resulting from any Violation to the extent that the Violation is caused by or contained in any information furnished
in writing to F5 Finishes by the holder expressly for use in a registration statement, prospectus, amendment, supplement or related
document. This obligation to indemnify is individual, not joint and several, for each holder and is limited to the net amount
of proceeds received by the holder from the sale of Registrable Shares pursuant to the registration statement.

 

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(c)
Any Person entitled to indemnification under this Section 6 shall give prompt written notice to the indemnifying party
of any claim in respect of which the Person seeks indemnification, provided, however, that the failure to give prompt notice
will not impair any Person’s right to indemnification to the extent that the failure has not prejudiced the indemnifying
party. Unless in the indemnified party’s reasonable judgment a conflict of interest between the indemnified and indemnifying
parties may exist in respect of the claim for indemnification, the indemnified party shall permit the indemnifying party to assume
the defense of the claim with counsel reasonably satisfactory to the indemnified party. If the defense of the claim is assumed
by the indemnifying party, the indemnifying party shall not be subject to any liability for any settlement made by the indemnified
party without the indemnifying party’s consent, which consent the indemnifying party shall not unreasonably withhold. An
indemnifying party who is not entitled to, or who elects not to, assume the defense of a claim for indemnification shall not be
obligated to pay the fees and expenses of more than one counsel for all parties indemnified by the indemnifying party in respect
of the claim, unless in the reasonable judgment of any indemnified party a conflict of interest may exist between the indemnified
party and any of the other indemnified parties with respect to the claim. The indemnification under this Section 6
will remain in full force and effect regardless of any investigation made by or on behalf of the indemnified party or any officer,
director or controlling Person of the indemnified party and will survive the transfer of securities.

 

	 	7.	Participation
    in Underwritten Registration

 

No
Person may participate in any underwritten Piggyback Registration pursuant to this Agreement unless the Person (a) agrees
to sell securities on the basis provided in the underwriting arrangements and (b) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents required under the terms of the underwriting arrangements.
In no event, however, shall a holder of Registrable Shares included in any underwritten Piggyback Registration be required to
make any representations or warranties to F5 Finishes or the underwriters (other than representations and warranties regarding
the holder and the holder’s intended method of distribution) or to undertake any indemnification obligations to F5 Finishes
or the underwriters except as otherwise provided in Section 6.

 

	 	8.	Notices

 

(a)
All Notices under this Agreement shall be in writing and sent by certified or registered mail, overnight messenger service, facsimile
or personal delivery, as follows: (i) if to the Shareholder, to or in care of, the address as it appears on the shareholder register
of F5 Finishes; and

 

(ii)
If to F5 Finishes, to:

 

F5
Finishes, Inc. 

___________________________

___________________________

Attention:________________

Fax:_____________________

 

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with
a required copy to:

  

Johnson
and Colmar

600
Dundee Road, Suite 225

Northbrook,
Illinois 60062-2762

Attention:Ms.
Robin Friedman

Fax:
(312) 922-1980

 

(b)
A Notice sent by certified or registered mail shall be considered to have been given three (3) Business Days after being deposited
in the mail. A Notice sent by overnight courier service, facsimile or personal delivery shall be considered to have been given
when actually received by the intended recipient. A Party may change its address for purposes of this Agreement by Notice in accordance
with this Section 8.

 

	 	9.	Assignment

 

No
Party may assign any of its rights under this Agreement without the prior written consent of F5 Finishes and holders of a majority
of the Registrable Shares.

 

	 	10.	Waiver

 

The
failure or any delay by any Party in exercising any right under this Agreement or any document referred to in this Agreement will
not operate as a waiver of that right, and no single or partial exercise of any right will preclude any other or further exercise
of that right or the exercise of any other right. All waivers must be in writing and signed by the Party to be charged with the
waiver, and no waiver that may be given by a Party will be applicable except in the specific instance for which it is given.

 

	 	11.	Amendment

 

This
Agreement may not be amended except by a written agreement signed by F5 Finishes and holders of a majority of the Registrable
Shares.

 

	 	12.	Entire
    Agreement

 

This
Agreement supersedes all prior agreements between the Parties with respect to its subject matter and constitutes, together with
Annex I and Exhibit A, a complete and exclusive statement of the terms of the agreement between the Parties with respect
to its subject matter.

 

	 	13.	Construction

 

All
references in this Agreement to “Section” or “Sections” refer to the corresponding section or sections
of this Agreement. All words used in this Agreement shall be construed to be of the appropriate gender or number as the context
requires. Unless otherwise expressly provided, the word “including” does not limit the preceding words or terms. The
captions of sections of this Agreement are for convenience only and do not affect the construction or interpretation of this Agreement.

 

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	 	14.	Severability

 

The
invalidity or unenforceability of any term or provision, or part of any term or provision, of this Agreement shall not affect
the validity and enforceability of the other terms and provisions of this Agreement, and this Agreement shall be construed in
all respects as if the invalid or unenforceable term or provision, or part, had been omitted.

 

	 	15.	Counterparts

 

This
Agreement may be signed in any number of counterparts, including by facsimile or portable document format (pdf), all of which
together shall constitute one and the same instrument.

 

	 	16.	Governing
    Law

 

This
Agreement shall be governed by the internal Laws of the State of Delaware, without giving effect to any choice of law provision
or rule (whether of the State of Delaware or any other state) that would cause the laws of any state other than the State of Delaware
to govern this Agreement.

 

17.
Binding Effect

 

This
Agreement shall apply to, be binding in all respects upon and inure to the benefit of Parties and their respective heirs, legal
representatives, successors and permitted assigns.

 

[The
rest of this page is intentionally blank. The Parties’ signatures appear on the following page.]

 

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Template 2019-07-16

 

In
witness whereof, the Parties have executed this Agreement as of the date first set out above.

 

	 	F5
    Finishes, Inc.
	 	 	 
	 	By:	__________________________________
	 	 	Name:
    ____________________________
	 	 	Title:
      ____________________________

 

	 	Shareholders:
	 	              
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________
	 	 
	 	_____________________________________
	 	Printed
    Name: __________________________

  

     

     

    

 

Exhibit
A

to Piggyback Registration Rights Agreement

 

Definitions

 

“Affiliate”
means, in respect of any Person, any other Person that, directly or indirectly through one or more intermediaries, controls, or
is controlled by, or is under common control with, such Person, and the term “control” (including the terms “controlled
by” and “under common control with”) means the possession, directly or indirectly, of the power to direct or
cause the direction of the management and policies of such Person, whether through ownership of voting securities, by contract
or otherwise.

 

“Business
Day” means any day other than a Saturday, Sunday or federal legal holiday.

 

“Combining
Company” and “Combining Companies” are defined in Paragraph A of the Background section.

 

“Combination
Agreement” and “Combination Agreements” are defined in Paragraph B of the Background
section.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“F5
Finishes” means F5 Finishes, Inc., a Delaware corporation.

 

“Notice”
means any notice, demand, charge, complaint or other communication from any Person.

 

“Party”
means any one of F5 Finishes or any one of the Shareholders, and “Parties” means, as the context requires,
any two or more of the Shareholders or F5 Finishes on the one hand and any one or more of the Shareholders on the other.

 

“Person”
means an individual, partnership, corporation, limited liability company, association, trust, unincorporated organization, or
other entity.

 

“Piggyback
Registration” is defined in Section 2(a).

 

“Registrable
Shares” means (i) any shares of F5 Finishes common stock issued and delivered to the Shareholders at the closing
of the Combination Agreements and (ii) any shares of F5 Finishes common stock issued as a dividend or distribution in respect
of, or in exchange for or replacement of, any shares of F5 Finishes common stock described in clause (i). Any Registrable
Shares shall cease to be Registrable Shares if and when they cease to be held by the initial holder of those shares or an Affiliate
of the initial holder. A list of the initial holders of Registrable Shares and the number of Registrable Shares held by each of
them is attached as Annex A.

 

    A-1

     

    

 

“Registration
Expenses” means all expenses incident to F5 Finishes’ performance of or compliance with this Agreement, including
all registration and filing fees, fees and expenses of compliance with securities or blue sky laws, printing expenses, messenger
and delivery expenses, fees and disbursements of custodians, and fees and disbursements of counsel for F5 Finishes and all independent
certified public accountants, underwriters (excluding discounts, commissions and underwriters’ counsel fees) and other Persons
retained by F5 Finishes.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Shareholder”
means each of owners of stock or other equity interests in a Combining Company who is a signatory hereto, and “Shareholders”
means all of the owners and other equity interest owners of the Combining Companies collectively.

 

“Violation”
means any of the following statements, omissions or violations: (a) any untrue statement or alleged untrue statement of a
material fact contained in a registration statement under this Agreement, including any related preliminary or final prospectus,
any amendment or supplement, or any document filed under state securities or “blue sky” laws, (b) the omission
or alleged omission to state a material fact required to be stated in any such registration statement, prospectus, amendment,
supplement or document or necessary to make the statements in any such registration statement, prospectus, amendment, supplement
or document not misleading, or (c) any violation or alleged violation by F5 Finishes of the Securities Act, the Exchange
Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act or any state securities
law.

 

    A-2

     

    

 

 Template 2019-07-16

 

Annex
I

to Piggyback Registration Rights Agreement

  

Registrable
Shares

 

	Holders of Registrable Shares	 	Number of Registrable Shares Held	 	Shareholder’s Combing Company
	1.	 	 	 	 
	2.	 	 	 	 
	3.	 	 	 	 
	4.	 	 	 	 
	5.	 	 	 	 
	6.	 	 	 	 
	7.	 	 	 	 

 

 

 Annex 1-1Exhibit 4.2

 

THIS WARRANT AND THE SECURITIES ISSUABLE
UPON EXERCISE HEREOF MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED, OR BE THE SUBJECT OF ANY HEDGING, SHORT
SALE, DERIVATIVE, PUT, OR CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF SUCH SECURITIES BY ANY PERSON
FOR A PERIOD OF one hundred and eighty (180) days IMMEDIATELY FOLLOWING THE DATE
OF EFFECTIVENESS OF THE PUBLIC OFFERING OF THE COMPANY’S SECURITIES PURSUANT TO REGISTRATION STATEMENT NO.: 333-234571 AS
FILED WITH THE SECURITIES AND EXCHANGE COMMISSION, EXCEPT IN ACCORDANCE WITH FINRA RULE 5110(g)(2).

 

COMMON STOCK PURCHASE WARRANT

 

F5 FINISHES, INC.

 

 

	Warrant Shares: _______1	Initial Exercise Date: _______, 2020
	 	Issue Date: _______, 20__

 

THIS COMMON STOCK PURCHASE
WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns (the “Holder”)
is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on
or after six (6)-month anniversary of the date hereof (the “Initial Exercise Date”) and on or prior to 5:00
p.m. (New York City time) on five (5) years from the effective date of the Registration Statement (the “Termination Date”)
but not thereafter, to subscribe for and purchase from F5 Finishes, Inc., a Delaware corporation (the “Company”),
up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase
price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).

 

Section 1. Definitions.
In addition to the terms defined elsewhere in this Warrant, the following terms have the meanings indicated in this Section 1:

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common
Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on
a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as
applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock
are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices),
the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a
share of Common Stock as determined by an independent appraiser selected in good faith by the Holders of a majority in interest
of the Warrants then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the
Company.

 

 

 

 

1 4.5% of the aggregate amount
of Shares sold in the offering, issued on a pro-rata basis among Maxim and Zelman.

 

    1

     

    

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to
close.

 

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

 

“Common
Stock” means the common stock of the Company, par value $____ per share, and any other class of securities into which
such securities may hereafter be reclassified or changed.

 

“Common
Stock Equivalents” means any securities of the Company or the Subsidiaries which would entitle the holder thereof to
acquire at any time Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument
that is at any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common
Stock.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Registration
Statement” means the Company’s registration statement on Form S-1 (File No. 333-234571).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Subsidiary”
means any subsidiary of the Company and shall, where applicable, also include any direct or indirect subsidiary of the Company
formed or acquired after the date hereof.

 

“Trading
Day” means a day on which the Common Stock is traded on a Trading Market.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market,
the New York Stock Exchange, OTCQB or OTCQX (or any successors to any of the foregoing).

 

    2

     

    

 

“Transfer
Agent” means Continental Stock Transfer & Trust Company, the current transfer agent of the Company, with a mailing
address of 1 State Street, 30th Floor, New York, NY 10004, and any successor transfer agent of the Company.

 

“Underwriting
Agreement” means the underwriting agreement, dated as of _________, among the Company and Maxim Group, LLC as representative
of the underwriters named therein, as amended, modified or supplemented from time to time in accordance with its terms.

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then listed
or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest preceding
date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based on a Trading
Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b)  if OTCQB or OTCQX is not a Trading Market,
the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable,
(c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common Stock are then
reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most
recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of
Common Stock as determined by an independent appraiser selected in good faith by the holders of a majority in interest of the Warrants
then outstanding and reasonably acceptable to the Company, the fees and expenses of which shall be paid by the Company.

 

“Warrants”
means this Warrant and other Common Stock purchase warrants issued by the Company pursuant to the Registration Statement.

 

Section 2. Exercise.

 

a) Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times
on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile
copy or PDF copy submitted by e-mail (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (the “Notice
of Exercise”). Within the earlier of (i) two (2) Trading Days and (ii) the number of Trading Days comprising the Standard
Settlement Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver
the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s
check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the
applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other
type of guarantee or notarization) of any Notice of Exercise be required. Notwithstanding anything herein to the contrary, the
Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the Warrant
Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this Warrant to
the Company for cancellation within three (3) Trading Days of the date on which the final Notice of Exercise is delivered to the
Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal to
the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of Warrant
Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within one (1)
Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that,
by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number
of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face hereof.

 

    3

     

    

 

b) Exercise
Price. The exercise price per share of Common Stock under this Warrant shall be $_____2, subject to adjustment hereunder
(the “Exercise Price”).

 

c) Cashless
Exercise. If at the time of exercise hereof there is no effective registration statement registering, or the prospectus contained
therein is not available for the issuance of the Warrant Shares to the Holder, then this Warrant may also be exercised, in whole
or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled to receive a number
of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

		(A) = 	as applicable: (i) the VWAP on the Trading Day immediately
preceding the date of the applicable Notice of Exercise if such Notice of Exercise is (1) both executed and delivered pursuant
to Section 2(a) hereof on a day that is not a Trading Day or (2) both executed and delivered pursuant to Section 2(a) hereof on
a Trading Day prior to the opening of “regular trading hours” (as defined in Rule 600(b)(68) of Regulation NMS promulgated
under the federal securities laws) on such Trading Day, (ii) at the option of the Holder, either (y) the VWAP on the Trading Day
immediately preceding the date of the applicable Notice of Exercise or (z) the Bid Price of the Common Stock on the principal
Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s execution of the applicable Notice of Exercise
if such Notice of Exercise is executed during “regular trading hours” on a Trading Day and is delivered within two
(2) hours thereafter (including until two (2) hours after the close of “regular trading hours” on a Trading Day) pursuant
to Section 2(a) hereof or (iii) the VWAP on the date of the applicable Notice of Exercise if the date of such Notice of Exercise
is a Trading Day and such Notice of Exercise is both executed and delivered pursuant to Section 2(a) hereof after the close of
“regular trading hours” on such Trading Day;

 

		(B) = 	the Exercise Price of this Warrant, as adjusted hereunder;
and

 

 

 

 

2
125% of the public offering price of the shares.

 

    4

     

    

 

		(X) = 	the number of Warrant Shares that would be issuable
upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a cash exercise rather
than a cashless exercise.

 

If Warrant
Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9) of the
Securities Act, the Warrant Shares shall take on the registered characteristics of the Warrants being exercised. The Company agrees
not to take any position contrary to this Section 2(c).

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise pursuant
to this Section 2(c).

 

d) Mechanics
of Exercise.

 

i.
Delivery of Warrant Shares Upon Exercise. The Company shall cause the Warrant Shares purchased hereunder to be transmitted
by the Transfer Agent to the Holder by crediting the account of the Holder’s or its designee’s balance account with
The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company
is then a participant in such system and either (A) there is an effective registration statement permitting the issuance of the
Warrant Shares to or resale of the Warrant Shares by Holder or (B) this Warrant is being exercised via cashless exercise, and
otherwise by physical delivery of a certificate, registered in the Company’s share register in the name of the Holder or
its designee, for the number of Warrant Shares to which the Holder is entitled pursuant to such exercise to the address specified
by the Holder in the Notice of Exercise by the date that is the earliest of (i) two (2) Trading Days after the delivery to the
Company of the Notice of Exercise, (ii) one (1) Trading Day after delivery of the aggregate Exercise Price to the Company and
(iii) the number of Trading Days comprising the Standard Settlement Period after the delivery to the Company of the Notice of
Exercise (such date, the “Warrant Share Delivery Date”). Upon delivery of the Notice of Exercise, the Holder
shall be deemed for all corporate purposes to have become the holder of record of the Warrant Shares with respect to which this
Warrant has been exercised, irrespective of the date of delivery of the Warrant Shares, provided that payment of the aggregate
Exercise Price (other than in the case of a cashless exercise) is received within the earlier of (i) two (2) Trading Days and
(ii) the number of Trading Days comprising the Standard Settlement Period following delivery of the Notice of Exercise. If the
Company fails for any reason to deliver to the Holder the Warrant Shares subject to a Notice of Exercise by the Warrant Share
Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant
Shares subject to such exercise (based on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10
per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such liquidated damages begin to accrue) for
each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are delivered or Holder rescinds such exercise.
The Company agrees to maintain a transfer agent that is a participant in the FAST program so long as this Warrant remains outstanding
and exercisable. As used herein, “Standard Settlement Period” means the standard settlement period, expressed
in a number of Trading Days, on the Company’s primary Trading Market with respect to the Common Stock as in effect on the
date of delivery of the Notice of Exercise.

 

    5

     

    

 

ii. Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant
evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

 

iii. Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section 2(d)(i)
by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

iv. Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions
of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder
is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise
purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount,
if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common
Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required
to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such
purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent
number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver
to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise
and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to such
purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay the
Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect of the
Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s right
to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon
exercise of the Warrant as required pursuant to the terms hereof.

 

    6

     

    

 

v. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

vi. Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the
Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the Holder;
provided, however, that, in the event that Warrant Shares are to be issued in a name other than the name of the Holder,
this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed by the Holder
and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer tax incidental
thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise and all fees
to the Depository Trust Company (or another established clearing corporation performing similar functions) required for same-day
electronic delivery of the Warrant Shares.

 

vii. Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this
Warrant, pursuant to the terms hereof.

 

    7

     

    

 

e) Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise
any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance after
exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and any other
Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution
Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).  For purposes
of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution
Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination
is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining,
nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii)
exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation,
any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein
beneficially owned by the Holder or any of its Affiliates or Attribution Parties.  Except as set forth in the preceding sentence,
for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing
to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible
for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(e)
applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together
with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion
of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a Holder
may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic or annual
report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent
written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.  Upon
the written or oral request of a Holder, the Company shall within one Trading Day confirm orally and in writing to the Holder the
number of shares of Common Stock then outstanding.  In any case, the number of outstanding shares of Common Stock shall be
determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% (or, upon election by a Holder prior to the issuance of
any Warrants, 9.99%) of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of
shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon notice to the Company, may increase or decrease
the Beneficial Ownership Limitation provisions of this Section 2(e), provided that the Beneficial Ownership Limitation in no event
exceeds 9.99% of the number of shares of the Common Stock outstanding immediately after giving effect to the issuance of shares
of Common Stock upon exercise of this Warrant held by the Holder and the provisions of this Section 2(e) shall continue to apply.
Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered
to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise than in strict conformity
with the terms of this Section 2(e) to correct this paragraph (or any portion hereof) which may be defective or inconsistent with
the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary or desirable to properly
give effect to such limitation. The limitations contained in this paragraph shall apply to a successor holder of this Warrant.

 

    8

     

    

 

Section 3. Certain
Adjustments.

 

a) Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares, or (iv) issues by reclassification
of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that the
aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution
and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b) Intentionally
omitted.

 

c) Subsequent
Rights Offerings. If the Company, at any time while the Warrant is outstanding, shall issue rights, options or warrants to
all holders of Common Stock (and not to the Holder) entitling them to subscribe for or purchase shares of Common Stock at a price
per share less than the VWAP on the record date mentioned below, then the Exercise Price shall be multiplied by a fraction, of
which the denominator shall be the number of shares of the Common Stock outstanding on the date of issuance of such rights, options
or warrants plus the number of additional shares of Common Stock offered for subscription or purchase, and of which the numerator
shall be the number of shares of the Common Stock outstanding on the date of issuance of such rights, options or warrants plus
the number of shares which the aggregate offering price of the total number of shares so offered (assuming receipt by the Company
in full of all consideration payable upon exercise of such rights, options or warrants) would purchase at such VWAP. Such adjustment
shall be made whenever such rights, options or warrants are issued, and shall become effective immediately after the record date
for the determination of stockholders entitled to receive such rights, options or warrants.

 

    9

     

    

 

d) Pro
Rata Distributions. If the Company, at any time while this Warrant is outstanding, shall distribute to all holders of Common
Stock (and not to the Holder) evidences of its indebtedness or assets (including cash and cash dividends) or rights or warrants
to subscribe for or purchase any security other than the Common Stock (which shall be subject to Section 3(b)), then in each such
case the Exercise Price shall be adjusted by multiplying the Exercise Price in effect immediately prior to the record date fixed
for determination of stockholders entitled to receive such distribution by a fraction of which the denominator shall be the VWAP
determined as of the record date mentioned above, and of which the numerator shall be such VWAP on such record date less the then
per share fair market value at such record date of the portion of such assets or evidence of indebtedness or rights or warrants
so distributed applicable to one outstanding share of the Common Stock as determined by the Board of Directors in good faith. In
either case the adjustments shall be described in a statement provided to the Holder of the portion of assets or evidences of indebtedness
so distributed or such subscription rights applicable to one share of Common Stock. Such adjustment shall be made whenever any
such distribution is made and shall become effective immediately after the record date mentioned above.

 

    10

     

    

 

e) Fundamental
Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly,
effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets
in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether
by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange
their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common
Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization
or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions
consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, spin-off, merger or scheme of arrangement) with another Person or group of Persons whereby such other Person
or group acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the
other Person or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock
or share purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon any
subsequent exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable
upon such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder (without regard
to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares of Common Stock of the successor or acquiring
corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant
is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise
of this Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to
apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common
Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in
a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common
Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such Fundamental
Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction, the Company or any Successor
Entity (as defined below) shall, at the Holder’s option, exercisable at any time concurrently with, or within 30 days after,
the consummation of the Fundamental Transaction (or, if later, the date of the public announcement of the applicable Fundamental
Transaction), purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value
(as defined below) of the remaining unexercised portion of this Warrant on the date of the consummation of such Fundamental Transaction.
“Black Scholes Value” means the value of this Warrant based on the Black-Scholes Option Pricing Model obtained
from the “OV” function on Bloomberg, L.P. (“Bloomberg”) determined as of the day of consummation
of the applicable Fundamental Transaction for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the
U.S. Treasury rate for a period equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date, (B) an expected volatility equal to the greater of 100% and the 100 day volatility obtained from the
HVT function on Bloomberg (determined utilizing a 365 day annualization factor) as of the Trading Day immediately following the
public announcement of the applicable Fundamental Transaction, (C) the underlying price per share used in such calculation shall
be the greater of (i) the sum of the price per share being offered in cash, if any, plus the value of any non-cash consideration,
if any, being offered in such Fundamental Transaction and (ii) the greater of (x) the last VWAP immediately prior to the public
announcement of such Fundamental Transaction and (y) the last VWAP immediately prior to the consummation of such Fundamental Transaction
and (D) a remaining option time equal to the time between the date of the public announcement of the applicable Fundamental Transaction
and the Termination Date and (E) a zero cost of borrow. The payment of the Black Scholes Value will be made by wire transfer of
immediately available funds within five Business Days of the Holder’s election (or, if later, on the effective date of the
Fundamental Transaction). The Company shall cause any successor entity in a Fundamental Transaction in which the Company is not
the survivor (the “Successor Entity”) to assume in writing all of the obligations of the Company under this
Warrant in accordance with the provisions of this Section 3(e) pursuant to written agreements in form and substance reasonably
satisfactory to the Holder and approved by the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall,
at the option of the Holder, deliver to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by
a written instrument substantially similar in form and substance to this Warrant which is exercisable for a corresponding number
of shares of capital stock of such Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable
and receivable upon exercise of this Warrant (without regard to any limitations on the exercise of this Warrant) prior to such
Fundamental Transaction, and with an exercise price which applies the exercise price hereunder to such shares of capital stock
(but taking into account the relative value of the shares of Common Stock pursuant to such Fundamental Transaction and the value
of such shares of capital stock, such number of shares of capital stock and such exercise price being for the purpose of protecting
the economic value of this Warrant immediately prior to the consummation of such Fundamental Transaction), and which is reasonably
satisfactory in form and substance to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity
shall succeed to, and be substituted for (so that from and after the date of such Fundamental Transaction, the provisions of this
Warrant referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power
of the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor
Entity had been named as the Company herein.

 

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f) Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall
be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

g) Notice
to Holder.

 

i. Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall promptly
deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting adjustment
to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

ii. Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the
Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the
Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares
of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer
of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted
into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered by facsimile or email
to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register of the Company, at least
20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which
a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not to
be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer or
share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common Stock
of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable upon
such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to deliver such notice
or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified
in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material, non-public information
regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant
to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

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Section 4. Transfer
of Warrant.

 

a) Transferability.
This Warrant and all rights hereunder (including, without limitation, any registration rights) are transferable, in whole or in
part, upon surrender of this Warrant at the principal office of the Company or its designated agent, together with a written assignment
of this Warrant substantially in the form attached hereto duly executed by the Holder or its agent or attorney and funds sufficient
to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and, if required, such payment, the Company
shall execute and deliver a new Warrant or Warrants in the name of the assignee or assignees, as applicable, and in the denomination
or denominations specified in such instrument of assignment, and shall issue to the assignor a new Warrant evidencing the portion
of this Warrant not so assigned, and this Warrant shall promptly be cancelled. Notwithstanding anything herein to the contrary,
the Holder shall not be required to physically surrender this Warrant to the Company unless the Holder has assigned this Warrant
in full, in which case, the Holder shall surrender this Warrant to the Company within three (3) Trading Days of the date on which
the Holder delivers an assignment form to the Company assigning this Warrant in full. The Warrant, if properly assigned in accordance
herewith, may be exercised by a new holder for the purchase of Warrant Shares without having a new Warrant issued.

 

b) New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of the
Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed by
the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants
to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the initial
issuance date of this Warrant and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant
thereto.

 

    13

     

    

 

c) Warrant
Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder, and
for all other purposes, absent actual notice to the contrary.

 

Section 5. Miscellaneous.

 

a) No
Rights as Stockholder Until Exercise; No Settlement in Cash. This Warrant does not entitle the Holder to any voting rights,
dividends or other rights as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except
as expressly set forth in Section 3. Without limiting any rights of a Holder to receive Warrant Shares on a “cashless exercise”
pursuant to Section 2(c) or to receive cash payments pursuant to Section 2(d)(i) and Section 2(d)(iv) herein, in no event shall
the Company be required to net cash settle an exercise of this Warrant.

 

b) Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case of
the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

c) Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required or
granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

d) Authorized
Shares.

 

The Company covenants
that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common Stock a sufficient
number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights under this Warrant.
The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers who are charged
with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant. The Company
will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided herein without
violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common Stock may be
listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights represented
by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant Shares in accordance
herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens and charges created by
the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously with such
issue).

 

    14

     

    

 

Except and
to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending
its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution, issue or
sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the terms of this
Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions
as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment. Without limiting
the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above the amount payable
therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may be necessary or appropriate
in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant
and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory
body having jurisdiction thereof, as may be, necessary to enable the Company to perform its obligations under this Warrant.

 

Before taking
any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the
Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary
from any public regulatory body or bodies having jurisdiction thereof.

 

e) Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be governed
by and construed and enforced in accordance with the internal laws of the State of New York, without regard to the principles of
conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense
of the transactions contemplated by this Warrant (whether brought against a party hereto or their respective affiliates, directors,
officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state and federal courts
sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts
sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or in connection herewith or
with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action
or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service
of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under
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. If either party shall
commence an action, suit or proceeding to enforce any provisions of this Warrant, the prevailing party in such action, suit or
proceeding shall be reimbursed by the other party for their reasonable attorneys’ fees and other costs and expenses incurred
with the investigation, preparation and prosecution of such action or proceeding.

 

    15

     

    

 

f) Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered, and the Holder does
not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g) Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate
as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies. Without limiting any other provision
of this Warrant, if the Company willfully and knowingly fails to comply with any provision of this Warrant, which results in any
material damages to the Holder, the Company shall pay to the Holder such amounts as shall be sufficient to cover any costs and
expenses including, but not limited to, reasonable attorneys’ fees, including those of appellate proceedings, incurred by
the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of its rights, powers or remedies hereunder.

 

h) Notices.
Any and all notices or other communications or deliveries to be provided by the Holders hereunder including, without limitation,
any Notice of Exercise, shall be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized
overnight courier service, addressed to the Company, at ___________, Attention: ___________, facsimile number: _________,
email address: ___________, or such other facsimile number, email address or address as the Company may specify for such purposes
by notice to the Holders. Any and all notices or other communications or deliveries to be provided by the Company hereunder shall
be in writing and delivered personally, by facsimile or e-mail, or sent by a nationally recognized overnight courier service addressed
to each Holder at the facsimile number, e-mail address or address of such Holder appearing on the books of the Company. Any notice
or other communication or deliveries hereunder shall be deemed given and effective on the earliest of (i) the time of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail address set forth
in this Section prior to 5:30 p.m. (New York City time) on any date, (ii) the next Trading Day after the time of transmission,
if such notice or communication is delivered via facsimile at the facsimile number or via e-mail at the e-mail address set forth
in this Section on a day that is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second
Trading Day following the date of mailing, if sent by U.S. nationally recognized overnight courier service, or (iv) upon actual
receipt by the party to whom such notice is required to be given. To the extent that any notice provided hereunder constitutes,
or contains, material, non-public information regarding the Company or any Subsidiaries, the Company shall simultaneously file
such notice with the Commission pursuant to a Current Report on Form 8-K.

 

    16

     

    

 

i) Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

j) Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

k) Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant Shares.

 

l) Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company, on the one hand,
and the Holder, on the other hand.

 

m) Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

n) Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

 

********************

 

(Signature Page Follows)

 

    17

     

    

 

IN WITNESS WHEREOF, the
Company has caused this Warrant to be executed by its officer thereunto duly authorized as of the date first above indicated.

 

	 	F5 FINISHES, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

    18

     

    

 

NOTICE OF EXERCISE

 

To: F5
FINISHES, INC.

 

(1) The
undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes,
if any.

 

(2) Payment
shall take the form of (check applicable box):

 

☐ in lawful
money of the United States; or

 

☐ [if permitted
the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection 2(c),
to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise procedure
set forth in subsection 2(c).

 

(3) Please
issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

	 	 	 

 

The Warrant Shares shall be delivered to
the following DWAC Account Number:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

[SIGNATURE
OF HOLDER]

 

Name of Investing Entity: ________________________________________________________________________

Signature of Authorized Signatory of
Investing Entity: _________________________________________________

Name of Authorized Signatory: ___________________________________________________________________

Title of Authorized Signatory: ____________________________________________________________________

Date: ________________________________________________________________________________________

 

     

     

    

 

ASSIGNMENT FORM

 

(To assign the
foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR VALUE RECEIVED,
the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 	 
	 	 	(Please Print)
	 	 	 
	Address:	 	 
	 	 	(Please Print)
	 	 	 
	Phone Number:	 	 
	 	 	 
	Email Address:             	 	 
	 	 	 
	Dated: _______________ __, ______	 	 
	 	 	 
	Holder’s Signature: ______________________	 	 
	 	 	 
	Holder’s Address: _______________________

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