Document:

AMENDMENT
#1 TO LOCKUP, CONVERSION, AND ADDITIONAL INVESTMENT AGREEMENT

Addendum
to the Transaction Documents Dated October 7, 2016

 

This
Amendment #1 to the Lockup, Conversion, and Additional Investment Agreement, dated November 29, 2017 (this “Amendment”),
is by and between Blink Charging Co. (f/k/a Car Charging Group, Inc.), a Nevada corporation (the “Issuer”)
and JMJ Financial (the “Investor”) (referred to collectively herein as the “Parties”).

 

WHEREAS,
the Issuer and the Investor entered into a Securities Purchase Agreement Document SPA-10052016 (the “SPA”)
dated as of October 2016, pursuant to which the Issuer issued to the Investor a Promissory Note (the “Note”),
a Warrant, and Origination Shares (all capitalized terms not otherwise defined herein shall have the meanings given such terms
in the SPA);

 

WHEREAS,
the Issuer and the Investor entered into a Lockup, Conversion, and Additional Investment Agreement, dated October 23, 2017 (the
"October 2017 Addendum"), pursuant to which: (i) the Investor agreed to enter into a lock-up effective upon closing
of the Public Offering; (ii) the Investor paid the Issuer the remaining $949,900 of Consideration under the Note; and (iii) the
Issuer and the Investor agreed that the Issuer would have two options for settling the Note and exchanging the Warrants for shares
of common stock of the Issuer; and

 

WHEREAS,
the Issuer and the Investor wish to amend certain terms of the October 2017 Addendum.

 

NOW,
THEREFORE, the Issuer and the Investor agree as follows:

 

1.The first paragraph of Section 2 of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

2.
Options Upon Closing of the Public Offering. Provided that (i) the Issuer closes on the Public Offering by December 31,
2017, and (ii) no additional event of default or breach of the Transaction Documents occurs between the date of this Agreement
and the close of the Public Offering, the Issuer shall have the following two options for settling the Note, securing a lockup
agreement from the Investor, and exchanging the Warrants for shares of common stock. For the avoidance of doubt, the option chosen
shall be at the sole discretion of the Issuer and shall be made by 6 PM ET on the day the pricing of the Public Offering occurs.
Any cash payments shall be made and all shares shall be issued within three (3) business days of the closing of the Public Offering.

 

2.
Section 2(A)(iii) of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

iii.
Warrants. All of the Warrants shall be exchanged for shares of common stock of the Issuer equal to $3.5 million (the total of
the "Aggregate Exercise Amount" listed on the face of the Warrants) ("Warrant Shares").

 

3.
Section 2(B)(iii) of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

iii.
Warrants. All of the Warrants shall be exchanged for shares of common stock of the Issuer equal to $3.5 million (the total of
the "Aggregate Exercise Amount" listed on the face of the Warrants) ("Warrant Shares").

 

    	1

    	 

    

 

4.
Section 5 of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

5.
Extension of Maturity Date. In the sentence in the Note (as previously amended) that commences with “The Maturity
Date is the earlier of ..." shall be amended and replaced in its entirety with the following:

 

"The
Maturity Date is the earlier of (a) December 31, 2017, (b) the third business day after the closing of the Public Offering, (c)
in the event that it becomes apparent that the Public Offering has failed, three business days from the date on which it becomes
apparent that the Public Offering has failed, or (d) in the event that either the Issuer or its investment bank terminate their
engagement letter, or if either party otherwise suspends pursuit of the Public Offering, three business days from that respective
date."

 

5.
Section 6 of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

6.
Extension of Origination Shares Dates. The references to the date of September 21, 2017 in Sections 1.3.1 and 1.3.2 of
the SPA (as previously amended) shall be replaced with the date of December 31, 2017.

 

6.
Section 7 of the October 2017 Addendum shall be deleted in its entirety and replaced with the following:

 

7.
Conditional Waiver of Default. The Investor conditionally waives the defaults for the Issuer's failure to meet the original
and previously amended Maturity Dates of the Note and delivery dates for the Origination Shares, but the Investor does not waive
any damages, fees, penalties, liquidated damages, or other amounts or remedies otherwise resulting from such defaults (which damages,
fees, penalties, liquidated damages, or other amounts or remedies the Investor may choose in the future to assess, apply or pursue
in its sole discretion) and the Investor's conditional waiver is conditioned on the Issuer's not being in default of and not breaching
any term of the Note or the SPA or any other Transaction Documents at any time subsequent to the date of this Amendment (if the
Issuer triggers an event of default or breaches any term of the Note, the SPA, or the Transaction Documents at any time subsequent
to the date of this Amendment, the Investor may issue a notice of default for the Issuer's failure to meet the original Maturity
Date of the Note and delivery date of the Origination Shares). For the sake of clarity, if (i) the Issuer closes on the Public
Offering by December 31, 2017, (ii) no additional event of default or breach of the Transaction Documents (as previously amended),
the October 2017 Addendum, or this Amendment occurs between the date of this Amendment and the close of the Public Offering, (iii)
the Issuer chooses Repayment and Conversion Option A or Repayment and Conversion Option B within the timeframe set forth in Section
2 of the October 2017 Addendum (as amended by this Amendment), and (iv) the Issuer fully complies with, and fully performs all
of its obligations under, the Repayment and Conversion Option selected by the Issuer within the timeframe set forth in Section
2 of the October 2017 Addendum (as amended by this Amendment), then, upon the Issuer's full compliance with, and full performance
of its obligations under, the Repayment and Conversion Option selected by the Issuer, the Investor will, at that time, unconditionally
and irrevocably waive any damages, fees, penalties, liquidated damages, or other amounts or remedies against the Issuer for any
and all events of defaults or breaches by the Issuer of any term of any of the Transaction Documents that may have occurred prior
to the closing of the Public Offering.

 

7.
All Other Terms Remain in Full Force and Effect. All other terms and conditions of the October 2017 Addendum and the Transaction
Documents, including all Warrants and all amendments to such Transaction Documents, remain in full force and effect. The terms
of this Amendment and the October 2017 Addendum do not terminate or relieve the Issuer of its obligation to perform or forbear
from performing under any term of the Transaction Documents that is meant to survive after the closing of the Public Offering
or that does not expressly provide for its termination upon closing of the Public Offering.

 

*
* *

 

    	2

    	 

    

 

Please
indicate acceptance and approval of this Amendment by signing below:

 

	 	 	 
	Michael
    J. Calise	 	JMJ
    Financial
	Blink
    Charging Co. (f/k/a Car Charging Group, Inc.)	 	Its
    Principal
	Chief
    Executive Officer	 	 

 

[Amendment
#1 to Lockup, Conversion, and Additional Investment Agreement Signature Page]

 

    	3Exhibit 10.5

 

UNIT
SUBSCRIPTION AGREEMENT

 

This
UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of the 6th day of December 2017, by and between
MTech Acquisition Corp., a Delaware corporation (the “Company”), having its principal place of business at
10124 Foxhurst Court, Orlando, Florida 32836, and MTech Sponsor LLC, a Florida limited liability company (the “Subscriber”),
having its principal place of business at 10124 Foxhurst Court, Orlando, Florida 32836.

 

WHEREAS,
the Company desires to sell to the Subscriber on a private placement basis (the “Offering”) an aggregate of
225,000 units (the “Initial Units”) of the Company, and up to an additional 18,750 units (the “Additional
Units” and together with the Initial Units, the “Units”) of the Company in the event that the underwriters’
45-day over-allotment option (“Over-Allotment Option”) is exercised in full or part, each Unit comprised of
one share of Class A common stock of the Company, par value $0.0001 per share (“Common Stock”), and one-half
of one warrant, each whole warrant exercisable to purchase one share of Common Stock (“Warrant”), for a purchase
price of $10.00 per Unit. The shares of Common Stock underlying the Warrants are hereinafter referred to as the “Warrant
Shares”.  The shares of Common Stock underlying the Units (excluding the Warrant Shares) are hereinafter referred
to as the “Placement Shares.” The Warrants underlying the Units are hereinafter referred to as the “Placement
Warrants.”  The Units, Placement Shares, Placement Warrants or Warrant Shares, collectively, are hereinafter
referred to as the “Securities.”  Each whole Placement Warrant is exercisable to purchase one share
of Common Stock at an exercise price of $11.50 during the period commencing on the later of (i) twelve (12) months from the date
of the closing of the Company’s initial public offering of units (the “IPO”) and (ii) 30 days following
the consummation of the Company’s initial business combination (the “Business Combination”), as such
term is defined in the registration statement in connection with the IPO, as amended at the time it becomes effective (the “Registration
Statement”), and expiring on the fifth anniversary of the consummation of the Business Combination; and

 

WHEREAS,
the Subscriber wishes to purchase 225,000 Initial Units and up to 18,750 Additional Units, and the Company wishes to accept such
subscription from Subscriber.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and Subscriber hereby agree as follows:

 

1.     Agreement
to Subscribe

 

		1.1.	Purchase
                                         and Issuance of the Units.

 

		(a)	Upon
                                         the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees
                                         to purchase from the Company, and the Company hereby agrees to sell to the Subscriber,
                                         on the Closing Date (as defined below) the Initial Units for a purchase price of $2,250,000.
                                         On the Closing Date, or within a reasonable time after the Closing Date, but in no event
                                         later than thirty (30) days after the Closing Date, the Company shall deliver to the
                                         Subscriber the certificates representing the Securities purchased.

 

		(b)	Subscriber
                                         hereby agrees to purchase up to an additional 18,750 Additional Units at $10.00 per Additional
                                         Unit for a purchase price of up to $187,500. The purchase and issuance of the Additional
                                         Units shall occur only in the event that the Over-Allotment Option is exercised in full
                                         or in part. The total number of Additional Units to be purchased hereunder shall be in
                                         the same proportion as the proportion of the Over-Allotment Option that is exercised.
                                         Each purchase of Additional Units shall occur simultaneously with the consummation of
                                         any portion of the Over-Allotment Option.

  

		1.2.	Purchase
                                         Price.

As
payment in full for the Units being purchased under this Agreement, the Subscriber shall pay $2,437,500 (the “Purchase
Price”) by wire transfer of immediately available funds or by such other method as may be reasonably acceptable to the
Company, to the trust account (the “Trust Account”) at a financial institution to be chosen by the Company,
maintained by Continental Stock Transfer & Trust Company, acting as trustee (“Continental”), or into
an escrow account maintained by Continental or Ellenoff Grossman & Schole LLP (“EG&S”), counsel
for the Company, one (1) business day prior to the date of effectiveness of the Registration Statement.

 

     

     

    

        

1.3.   
Closing. The closing of the purchase and sale of the Initial Units shall take place simultaneously with the closing of the IPO
and the closing of the purchase and sale of Additional Units shall take place simultaneously with the closing of the Over-Allotment
Option (each a “Closing Date”). The closing of the purchase and sale of the Units shall take place at the offices
of EG&S, 1345 Avenue of the Americas, 11th Floor, New York, New York, 10105, or such other place as may be
agreed upon by the parties hereto. Upon expiration of the Over-Allotment Option, Continental or EG&S shall return any unused
portion of the Purchase Price for any Additional Units not purchased to the undersigned without interest or deduction.

 

1.4
     Termination. This Agreement and each of the obligations of the undersigned shall be null and void
and without effect if a Closing does not occur prior to June 30, 2018.

  

2.     Representations
and Warranties of Subscriber

 

Subscriber
represents and warrants to the Company that:

 

2.1.  
 No Government Recommendation or Approval.  Subscriber understands that no federal or state agency has passed upon
or made any recommendation or endorsement of the Company or the Offering of the Securities.

 

2.2.   
Accredited Investor. Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a)
of Regulation D under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that
the sale contemplated hereby is being made in reliance, among other things, on a private placement exemption to “accredited
investors” under the Securities Act and similar exemptions under state law.

 

2.3.   
Intent.  Subscriber is purchasing the Securities solely for investment purposes, for Subscriber’s own account
(and/or for the account or benefit of its members or affiliates, as permitted, pursuant to the terms of an agreement (the “Insider
Letter”) to be entered into with respect to the Securities between, among others, Subscriber  and the Company,
as described in the Registration Statement), and not with a view to the distribution thereof and Subscriber has no present arrangement
to sell the Securities to or through any person or entity except as may be permitted under the Insider Letter.  Subscriber
shall not engage in hedging transactions with regard to the Securities unless in compliance with the Securities Act.

  

2.4.   
Restrictions on Transfer.  Subscriber acknowledges and understands the Units are being offered in a transaction not
involving a public offering in the United States within the meaning of the Securities Act.  The Securities have not
been registered under the Securities Act and, if in the future Subscriber decides to offer, resell, pledge or otherwise transfer
the Securities, such Securities may be offered, resold, pledged or otherwise transferred only (A) pursuant to an effective
registration statement filed under the Securities Act, (B) pursuant to an exemption from registration under Rule 144 promulgated
under the Securities Act, if available, or (C) pursuant to any other available exemption from the registration requirements
of the Securities Act, and in each case in accordance with any applicable securities laws of any state or any other jurisdiction.
Notwithstanding the foregoing, Subscriber acknowledges and understands the Securities are subject to transfer restrictions as
described in Section 8 hereof. Subscriber agrees that if any transfer of its Securities or any interest therein is proposed to
be made, as a condition precedent to any such transfer, Subscriber may be required to deliver to the Company an opinion of counsel
satisfactory to the Company with respect to such transfer. Absent registration or another available exemption from registration,
Subscriber agrees it will not resell the Securities (unless otherwise permitted pursuant to the Insider Letter, as described in
the Registration Statement).  Subscriber further acknowledges that because the Company is a shell company, Rule 144
may not be available to Subscriber for the resale of the Securities until the one year anniversary following consummation of the
initial Business Combination of the Company, despite technical compliance with the requirements of Rule 144 and the release or
waiver of any contractual transfer restrictions.

 

     

     

    

 

2.5.  Sophisticated
Investor.

 

(i)  Subscriber
is sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the Securities.

 

(ii)
Subscriber is aware that an investment in the Securities is highly speculative and subject to substantial risks because, among
other things, the Securities are subject to transfer restrictions and have not been registered under the Securities Act and therefore
cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber
is able to bear the economic risk of its investment in the Securities for an indefinite period of time.

 

2.6.   Independent
Investigation.  Subscriber, in making the decision to purchase the Units, has relied upon an independent investigation
of the Company and has not relied upon any information or representations made by any third parties or upon any oral or written
representations or assurances from the Company, its officers, directors or employees or any other representatives or agents of
the Company, other than as set forth in this Agreement. Subscriber is familiar with the business, operations and financial condition
of the Company and has had an opportunity to ask questions of, and receive answers from the Company’s officers and directors
concerning the Company and the terms and conditions of the offering of the Units and has had full access to such other information
concerning the Company as Subscriber has requested. Subscriber confirms that all documents that it has requested have been made
available and that Subscriber has been supplied with all of the additional information concerning this investment which Subscriber
has requested.

 

2.7   Organization
and Authority.  Subscriber is duly organized, validly existing and in good standing under the laws of the State of Delaware
and it possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

 

2.8.  Authority.
This Agreement has been validly authorized, executed and delivered by Subscriber and is a valid and binding agreement enforceable
in accordance with its terms, subject to the general principles of equity and to bankruptcy or other laws affecting the enforcement
of creditors’ rights generally.

  

2.9.   
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by Subscriber of the transactions
contemplated hereby do not violate, conflict with or constitute a default under (i) Subscriber’s charter documents, (ii) any
agreement or instrument to which Subscriber is a party or (iii) any law, statute, rule or regulation to which Subscriber is subject,
or any agreement, order, judgment or decree to which Subscriber is subject.

 

2.10. 
No Legal Advice from Company.  Subscriber acknowledges it has had the opportunity to review this Agreement and the transactions
contemplated by this Agreement and the other agreements entered into between the parties hereto with Subscriber’s own legal
counsel and investment and tax advisors.  Except for any statements or representations of the Company made in this Agreement
and the other agreements entered into between the parties hereto, Subscriber is relying solely on such counsel and advisors and
not on any statements or representations of the Company or any of its representatives or agents for legal, tax or investment advice
with respect to this investment, the transactions contemplated by this Agreement or the securities laws of any jurisdiction.

 

2.11. 
Reliance on Representations and Warranties.  Subscriber understands the Units are being offered and sold to Subscriber
in reliance on exemptions from the registration requirements under the Securities Act, and analogous provisions in the laws and
regulations of various states, and that the Company is relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of Subscriber set forth in this Agreement in order to determine the applicability
of such provisions.

 

2.12. 
No General Solicitation.  Subscriber is not subscribing for the Units as a result of or subsequent to any general solicitation
or general advertising, including but not limited to any advertisement, article, notice or other communication published in any
newspaper, magazine, or similar media or broadcast over television or radio, or presented at any seminar or meeting or in a registration
statement with respect to the IPO filed with the Securities and Exchange Commission (“SEC”).

 

     

     

    

 

2.13. 
Legend.  Subscriber acknowledges and agrees the certificates evidencing each of the Securities shall bear a restrictive
legend (the “Legend”), in form and substance substantially as set forth in Section 4 hereof.

 

3.    Representations,
Warranties and Covenants of the Company

 

The
Company represents and warrants to, and agrees with, Subscriber that:

 

3.1.   
Valid Issuance of Capital Stock. The total number of shares of all classes of capital stock which the Company has authority to
issue is 15,000,000 shares of Class A Common Stock, 3,000,000 shares of Class B Common Stock, $0.0001 par value per share (the
“Class B Common Stock”), and 1,000,000 shares of preferred stock, $0.0001 par value per share (“Preferred
Stock”). As of the date hereof, the Company has issued and outstanding 1,437,500 shares of Class B Common Stock (of
which up to 187,500 shares are subject to forfeiture as described in the Registration Statement), no shares of Class A Common
Stock and no shares of Preferred Stock. All of the issued shares of capital stock of the Company have been duly authorized, validly
issued, and are fully paid and non-assessable.

 

3.2    
Title to Securities.  Upon issuance in accordance with, and payment pursuant to, the terms hereof and that certain warrant
agreement to be entered into between the Company and Continental, as warrant agent (the “Warrant Agreement”),
as the case may be, each of the Units, Placement Shares, Placement Warrants and the Warrant Shares will be duly and validly issued,
fully paid and non-assessable. On the date of issuance of the Units, the Warrant Shares shall have been reserved for issuance.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, as the case may be, Subscriber
will have or receive good title to the Units, Placement Shares and Placement Warrants, free and clear of all liens, claims and
encumbrances of any kind, other than (i) transfer restrictions hereunder and pursuant to the Insider Letter and (ii) transfer
restrictions under federal and state securities laws.

  

3.3.   
Organization and Qualification. The Company is a corporation duly incorporated, validly existing and in good standing under the
laws of the State of Delaware and has the requisite corporate power to own its properties and assets and to carry on its business
as now being conducted.

 

3.4.   
Authorization; Enforcement. (i) The Company has the requisite corporate power and authority to enter into and perform its
obligations under this Agreement and to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery
and performance of this Agreement by the Company and the consummation by it of the transactions contemplated hereby have been
duly authorized by all necessary corporate action, and no further consent or authorization of the Company or its Board of Directors
or stockholders is required, and (iii) this Agreement constitutes valid and binding obligations of the Company enforceable
against the Company in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency,
fraudulent conveyance, moratorium, reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’
rights and remedies or by equitable principles of general application and except as enforcement of rights to indemnity and contribution
may be limited by federal and state securities laws or principles of public policy.

 

3.5.   
No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions
contemplated hereby do not (i) result in a violation of the Company’s certificate of incorporation or by-laws, (ii) conflict
with, or constitute a default under any agreement or instrument to which the Company is a party or (iii) any law statute, rule
or regulation to which the Company is subject or any agreement, order, judgment or decree to which the Company is subject. Other
than any SEC or state securities filings which may be required to be made by the Company subsequent to the Closing, and any registration
statement which may be filed pursuant thereto, the Company is not required under federal, state or local law, rule or regulation
to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or
self-regulatory entity in order for it to perform any of its obligations under this Agreement or issue the Units, Placement Shares,
Warrants or the Warrant Shares in accordance with the terms hereof.

 

     

     

    

 

4.     Legends

 

4.1.    Legend.
The Company will issue the Units, Placement Shares and Warrants, and when issued, the Warrant Shares, purchased by the Subscriber
in the name of the Subscriber. The Securities will bear the following Legend and appropriate “stop transfer” instructions:

 

“THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR
OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION
FROM REGISTRATION UNDER THE SECURITIES ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.”

 

“THE
SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PURSUANT TO A UNIT SUBSCRIPTION AGREEMENT AND AN INSIDER LETTER
BETWEEN, AMONG OTHERS, MTECH ACQUISITION CORP. AND MTECH SPONSOR LLC AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
DISPOSED DURING THE TERM OF THE LOCKUP PURSUANT TO THE TERMS SET FORTH IN THE UNIT SUBSCRIPTION AGREEMENT AND INSIDER LETTER.”

  

4.2.   
Subscriber’s Compliance. Nothing in this Section 4 shall affect in any way Subscriber’s obligations and agreements
to comply with all applicable securities laws upon resale of the Securities.

 

4.3.   
Company’s Refusal to Register Transfer of the Securities.  The Company shall refuse to register any transfer of
the Securities, if in the sole judgment of the Company such purported transfer would not be made (i) pursuant to an effective
registration statement filed under the Securities Act, or pursuant to an available exemption from the registration requirements
of the Securities Act and (ii) in compliance herewith and with the Insider Letter.

 

4.4    
Registration Rights.  The Subscriber will be entitled to certain registration rights which will be governed by a registration
rights agreement (“Registration Rights Agreement”) to be entered into between, among others, the Subscriber
and the Company, on or prior to the effective date of the Registration Statement. 

 

5.    Waiver
of Liquidation Distributions.

 

In
connection with the Securities purchased pursuant to this Agreement, Subscriber hereby waives any and all right, title, interest
or claim of any kind in or to any distributions of the amounts in the Trust Account with respect to the Securities, whether (i)
in connection with the exercise of redemption rights if the Company consummates the Business Combination, (ii) in connection with
any tender offer conducted by the Company prior to a Business Combination or (iii) upon the Company’s redemption of shares
of Common Stock sold in the Company’s IPO upon the Company’s failure to timely complete the Business Combination.  In
the event a Subscriber purchases shares of Common Stock in the IPO or in the aftermarket, any additional shares so purchased shall
be eligible to receive the redemption value of such shares of Common Stock upon the same terms offered to all other purchasers
of Common Stock in the IPO in the event the Company fails to consummate the Business Combination.

 

6.     Termination
of Placement Warrants.

 

6.1.   
Failure to Consummate Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or
in the event that the Company does not consummate the Business Combination within the time period set forth in the Corporation’s
Certificate of Incorporation, as the same may be amended from time to time.

 

6.2.   
Termination of Rights as Holder. If the Placement Warrants are terminated in accordance with Section 6.1, then after such
time a Subscriber (or successor in interest) shall no longer have any rights as a holder of such Placement Warrants and the Company
shall take such action as is appropriate to cancel such Placement Warrants. Subscriber hereby irrevocably grants the Company a
limited power of attorney for the purpose of effectuating the foregoing and agrees to take any and all measures reasonably requested
by the Company necessary to effect the foregoing.

 

     

     

    

 

7.     Rescission
Right Waiver and Indemnification.

 

7.1.   
Subscriber understands and acknowledges an exemption from the registration requirements of the Securities Act requires there be
no general solicitation of purchasers of the Units. In this regard, if the IPO were deemed to be a general solicitation with respect
to the Units, the offer and sale of such Units may not be exempt from registration and, if not, Subscriber may have a right to
rescind its purchase of the Units. In order to facilitate the completion of the Offering and in order to protect the Company,
its stockholders and the amounts in the Trust Account from claims that may adversely affect the Company or the interests of its
stockholders, Subscriber hereby agrees to waive, to the maximum extent permitted by applicable law, any claims, right to sue or
rights in law or arbitration, as the case may be, to seek rescission of its purchase of the Units. Subscriber acknowledges and
agrees this waiver is being made in order to induce the Company to sell the Units to the Subscriber. Subscriber agrees the foregoing
waiver of rescission rights shall apply to any and all known or unknown actions, causes of action, suits, claims or proceedings
(collectively, “Claims”) and related losses, costs, penalties, fees, liabilities and damages, whether compensatory,
consequential or exemplary, and expenses in connection therewith, including reasonable attorneys’ and expert witness fees
and disbursements and all other expenses reasonably incurred in investigating, preparing or defending against any Claims, whether
pending or threatened, in connection with any present or future actual or asserted right to rescind the purchase of the Units
hereunder or relating to the purchase of the Units and the transactions contemplated hereby.

 

7.2.   
Subscriber agrees not to seek recourse against the Trust Account for any reason whatsoever in connection with its purchase of
the Units or any Claim that may arise now or in the future.

 

7.3.   
Subscriber acknowledges and agrees that the stockholders of the Company are and shall be third-party beneficiaries of this Section
7. 

 

7.4.   
Subscriber agrees that to the extent any waiver of rights under this Section 7 is ineffective as a matter of law, Subscriber has
offered such waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification or
bar that applies to a legal right. Subscriber acknowledges the receipt and sufficiency of consideration received from the Company
hereunder in this regard.

 

8.     Terms
of the Units and Placement Warrant

 

The
Units and their component parts are substantially identical to the units to be offered in the IPO except that: (i) the Units and
component parts will be subject to transfer restrictions, except in limited circumstances, until the consummation of the Business
Combination, (ii) the Placement Warrants will be non-redeemable and may be exercisable on a “cashless” basis
in each case if held by the Subscriber or its permitted transferees and (iii) the Units and component parts are being purchased
pursuant to an exemption from the registration requirements of the Securities Act and will become freely tradable only after the
expiration of the lockup described above in clause (i) and they are registered pursuant to the Registration Rights Agreement to
be signed on or before the date of the prospectus included in the Registration Statement or an exemption from registration is
available.

 

9.     Governing
Law; Jurisdiction; Waiver of Jury Trial

 

This
Agreement shall be governed by and construed in accordance with the laws of the State of New York for agreements made and to be
wholly performed within such state. The parties hereto hereby waive any right to a jury trial in connection with any litigation
pursuant to this Agreement and the transactions contemplated hereby.

  

10.   Assignment;
Entire Agreement; Amendment

 

10.1. 
Assignment. Neither this Agreement nor any rights hereunder may be assigned by any party to any other person other than by a Subscriber
to a person agreeing to be bound by the terms hereof, including the waiver contained in Section 7 hereof.

 

     

     

    

 

10.2. 
Entire Agreement. This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter
thereof and merges and supersedes all prior discussions, agreements and understandings of any and every nature among them.

 

10.3.
 Amendment. Except as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated other than by a written instrument signed by the party against whom enforcement of any such amendment,
waiver, discharge or termination is sought.

 

10.4. 
Binding upon Successors. This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective
heirs, legal representatives, successors and permitted assigns. 

 

11.   Notices

 

11.1  
Notices. Unless otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given
if in writing and personally delivered or sent by facsimile or other electronic transmission with copy sent in another manner
herein provided or sent by courier (which for all purposes of this Agreement shall include Federal Express or other recognized
overnight courier) or mailed to said party by certified mail, return receipt requested, at its address provided for herein or
such other address as either may designate for itself in such notice to the other.  Communications shall be deemed to
have been received when delivered personally, on the scheduled arrival date when sent by next day or 2nd-day courier service,
or if sent by facsimile upon receipt of confirmation of transmittal or, if sent by mail, then three days after deposit in the
mail. If given by electronic transmission, such notice shall be deemed to be delivered (a) if by electronic mail, when directed
to an electronic mail address at which the stockholder has consented to receive notice; (b) if by a posting on an electronic
network together with separate notice to the stockholder of such specific posting, upon the later of (1) such posting and
(2) the giving of such separate notice; and (c) if by any other form of electronic transmission, when directed to the
stockholder.

 

12.   Counterparts

 

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

 

13.   Survival;
Severability

 

13.1. 
Survival. The representations, warranties, covenants and agreements of the parties hereto shall survive each Closing Date.

 

13.2.
Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to
be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that
no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

 

14.   Headings.

 

The
titles and subtitles used in this Agreement are used for convenience only and are not to be considered in construing or interpreting
this Agreement.

 

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of page intentionally left blank]

 

     

     

    

 

This
subscription is accepted by the Company on the 6th day of December, 2017.

 

	 	MTECH ACQUISITION CORP.
	 	 	 

	 	By:	 /s/
    Scott Sozio
	 	 	Name:  Scott Sozio
	 	 	Title: CEO

 

Accepted
and agreed on the date hereof

 

	 	

                    MTECH SPONSOR LLC

        By: SS
        FL LLC, its Managing Member

	 	 	 

	 	By:	 /s/
    Scott Sozio
	 	 	Name: Scott Sozio  
	 	 	Title: Managing Member

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