Document:

Exhibit
10.5

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (this “Agreement”) is made and entered into as of [_________ __, 2020, between
DropCar, Inc., a Delaware corporation (the “Company”), and each of the several holders of Registrable Securities
(as defined herein) signatory hereto (each such purchaser, a “Holder” and, collectively, the “Holders”).

 

This
Agreement is made pursuant to the Securities Purchase Agreement, dated as of December __, 2019, between Ayro, Inc. and each Holder
(the “Purchase Agreement”).

 

The
Company and each Holder hereby agrees as follows:

 

1.
Definitions.

 

Capitalized
terms used and not otherwise defined herein that are defined in the Purchase Agreement shall have the meanings given such terms
in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
shall have the meaning set forth in Section 6(d).

 

“Effectiveness
Date” means, with respect to the Initial Registration Statement required to be filed hereunder, the 90th
calendar day following the date hereof (or, in the event of a “full review” by the Commission, the 120th
calendar day following the date hereof) and with respect to any additional Registration Statements which may be required pursuant
to Section 2(c) or Section 3(c), the 30th calendar day following the date on which an additional Registration Statement
is required to be filed hereunder (or, in the event of a “full review” by the Commission, the 90th calendar
day following the date such additional Registration Statement is required to be filed hereunder); provided, however,
that in the event the Company is notified by the Commission that one or more of the above Registration Statements will not be
reviewed or is no longer subject to further review and comments, the Effectiveness Date as to such Registration Statement shall
be the fifth Trading Day following the date on which the Company is so notified if such date precedes the dates otherwise required
above, provided, further, if such Effectiveness Date falls on a day that is not a Trading Day, then the Effectiveness Date shall
be the next succeeding Trading Day.

 

“Effectiveness
Period” shall have the meaning set forth in Section 2(a).

 

“Event”
shall have the meaning set forth in Section 2(d).

 

    	 

    	 

    

 

“Event
Date” shall have the meaning set forth in Section 2(d).

 

“Filing
Date” means, with respect to the Initial Registration Statement required hereunder, the 90th calendar day
following the date hereof and, with respect to any additional Registration Statements which may be required pursuant to Section
2(c) or Section 3(c), the earliest practical date on which the Company is permitted by SEC Guidance to file such additional Registration
Statement related to the Registrable Securities.

 

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities.

 

“Indemnified
Party” shall have the meaning set forth in Section 5(c).

 

“Indemnifying
Party” shall have the meaning set forth in Section 5(c).

 

“Initial
Registration Statement” means the initial Registration Statement filed pursuant to this Agreement.

 

“Losses”
shall have the meaning set forth in Section 5(a).

 

“Plan
of Distribution” shall have the meaning set forth in Section 2(a).

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
by the Commission pursuant to the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the
terms of the offering of any portion of the Registrable Securities covered by a Registration Statement, and all other amendments
and supplements to the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to
be incorporated by reference in such Prospectus.

 

“Registrable
Securities” means, as of any date of determination, (a) all Shares of the shares of Common Stock then issued pursuant
to the Purchase Agreement, (b) all Warrant Shares then issued and issuable upon exercise of the Warrants (assuming on such date
the Warrants are exercised in full without regard to any exercise limitations therein), (c) any additional shares of Common Stock
issued and issuable in connection with any anti-dilution provisions in the Warrants (in each case, without giving effect to any
limitations on exercise set forth in the Warrants) and (d) any securities issued or then issuable upon any stock split, dividend
or other distribution, recapitalization or similar event with respect to the foregoing; provided, however, that any such
Registrable Securities shall cease to be Registrable Securities (and the Company shall not be required to maintain the effectiveness
of any, or file another, Registration Statement hereunder with respect thereto) for so long as (i) a Registration Statement with
respect to the sale of such Registrable Securities is declared effective by the Commission under the Securities Act and such Registrable
Securities have been disposed of by the Holder in accordance with such effective Registration Statement, (ii) such Registrable
Securities have been previously sold in accordance with Rule 144, iii) such securities become eligible for resale without volume
or manner-of-sale restrictions and without current public information pursuant to Rule 144 as set forth in a written opinion letter
to such effect, addressed, delivered and acceptable to the Transfer Agent and the affected Holders (assuming that such securities
and any securities issuable upon exercise, conversion or exchange of which, or as a dividend upon which, such securities were
issued or are issuable, were at no time held by any Affiliate of the Company, and all Warrants are exercised by “cashless
exercise” as provided in Section 2(c) of each of the Warrants, as reasonably determined by the Company, upon the advice
of counsel to the Company, or (iv) the issuance of the Registrable Securities are registered under a Registration Statement on
Form S-4 in connection with the Acquisition Transaction.

 

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“Registration
Statement” means any registration statement required to be filed hereunder pursuant to Section 2(a) and any additional
registration statements contemplated by Section 2(c) or Section 3(c), including (in each case) the Prospectus, amendments and
supplements to any such registration statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto,
and all material incorporated by reference or deemed to be incorporated by reference in any such registration statement.

 

“Rule
415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Selling
Stockholder Questionnaire” shall have the meaning set forth in Section 3(a).

 

“SEC
Guidance” means (i) any publicly-available written or oral guidance of the Commission staff, or any comments, requirements
or requests of the Commission staff and (ii) the Securities Act.

 

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2.
Shelf Registration.

 

(a)
On or prior to each Filing Date, the Company shall prepare and file with the Commission a Registration Statement covering the
resale of all of the Registrable Securities that are not then registered on an effective Registration Statement for an offering
to be made on a continuous basis pursuant to Rule 415. Each Registration Statement filed hereunder shall be on Form S-3 (except
if the Company is not then eligible to register for resale the Registrable Securities on Form S-3, in which case such registration
shall be on another appropriate form in accordance herewith, subject to the provisions of Section 2(e)) and shall contain (unless
otherwise directed by at least 85% in interest of the Holders) substantially the “Plan of Distribution” attached
hereto as Annex A and substantially the “Selling Stockholder” section attached hereto as Annex B;
provided, however, that no Holder shall be required to be named as an “underwriter” without such Holder’s
express prior written consent. Subject to the terms of this Agreement, the Company shall use its best efforts to cause a Registration
Statement filed under this Agreement (including, without limitation, under Section 3(c)) to be declared effective under the Securities
Act as promptly as possible after the filing thereof, but in any event no later than the applicable Effectiveness Date, and shall
use its best efforts to keep such Registration Statement continuously effective under the Securities Act until the date that all
Registrable Securities covered by such Registration Statement (i) have been sold, thereunder or pursuant to Rule 144, or (ii)
may be sold without volume or manner-of-sale restrictions pursuant to Rule 144 and without the requirement for the Company to
be in compliance with the current public information requirement under Rule 144, as determined by the counsel to the Company pursuant
to a written opinion letter to such effect, addressed and acceptable to the Transfer Agent and the affected Holders (the “Effectiveness
Period”). The Company shall telephonically request effectiveness of a Registration Statement as of 5:00 p.m. (New York
City time) on a Trading Day. The Company shall immediately notify the Holders via facsimile or by e-mail of the effectiveness
of a Registration Statement on the same Trading Day that the Company telephonically confirms effectiveness with the Commission,
which shall be the date requested for effectiveness of such Registration Statement. The Company shall, by 9:30 a.m. (New York
City time) on the Trading Day after the effective date of such Registration Statement, file a final Prospectus with the Commission
as required by Rule 424. Failure to so notify the Holder within one (1) Trading Day of such notification of effectiveness or failure
to file a final Prospectus as foresaid shall be deemed an Event under Section 2(d).

 

(b)
Notwithstanding the registration obligations set forth in Section 2(a), if the Commission informs the Company that all of the
Registrable Securities cannot, as a result of the application of Rule 415, be registered for resale as a secondary offering on
a single registration statement, the Company agrees to promptly inform each of the Holders thereof and use its commercially reasonable
efforts to file amendments to the Initial Registration Statement as required by the Commission, covering the maximum number of
Registrable Securities permitted to be registered by the Commission, on Form S-3 or such other form available to register for
resale the Registrable Securities as a secondary offering, subject to the provisions of Section 2(e); with respect to filing on
Form S-3 or other appropriate form, and subject to the provisions of Section 2(d) with respect to the payment of liquidated damages;
provided, however, that prior to filing such amendment, the Company shall be obligated to use diligent efforts to
advocate with the Commission for the registration of all of the Registrable Securities in accordance with the SEC Guidance, including
without limitation, Compliance and Disclosure Interpretation 612.09.

 

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(c)
Notwithstanding any other provision of this Agreement and subject to the payment of liquidated damages pursuant to Section 2(d),
if the Commission or any SEC Guidance sets forth a limitation on the number of Registrable Securities permitted to be registered
on a particular Registration Statement as a secondary offering (and notwithstanding that the Company used diligent efforts to
advocate with the Commission for the registration of all or a greater portion of Registrable Securities), unless otherwise directed
in writing by a Holder as to its Registrable Securities, the number of Registrable Securities to be registered on such Registration
Statement will be reduced as follows:

 

	 	a.	First, the Company shall reduce or eliminate any securities to be included other than Registrable Securities;
	 	 	 
	 	b.	Second, the Company shall reduce Registrable Securities represented by Warrant Shares (applied, in the case that some Warrant Shares may be registered, to the Holders on a pro rata basis based on the total number of unregistered Warrant Shares held by such Holders); and 
	 	 	 
	 	c.	Third, the Company shall reduce Registrable Securities represented by Conversion Shares (applied, in the case that some Conversion Shares may be registered, to the Holders on a pro rata basis based on the total number of unregistered Conversion Shares held by such Holders). 

 

In
the event of a cutback hereunder, the Company shall give the Holder at least five (5) Trading Days prior written notice along
with the calculations as to such Holder’s allotment. In the event the Company amends the Initial Registration Statement
in accordance with the foregoing, the Company will use its best efforts to file with the Commission, as promptly as allowed by
Commission or SEC Guidance provided to the Company or to registrants of securities in general, one or more registration statements
on Form S-3 or such other form available to register for resale those Registrable Securities that were not registered for resale
on the Initial Registration Statement, as amended.

 

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(d)
If: (i) the Initial Registration Statement is not filed on or prior to its Filing Date (if the Company files the Initial Registration
Statement without affording the Holders the opportunity to review and comment on the same as required by Section 3(a) herein,
the Company shall be deemed to have not satisfied this clause (i)), or (ii) the Company fails to file with the Commission a request
for acceleration of a Registration Statement in accordance with Rule 461 promulgated by the Commission pursuant to the Securities
Act, within five Trading Days of the date that the Company is notified (orally or in writing, whichever is earlier) by the Commission
that such Registration Statement will not be “reviewed” or will not be subject to further review, or (iii) prior to
the effective date of a Registration Statement, the Company fails to file a pre-effective amendment and otherwise respond in writing
to comments made by the Commission in respect of such Registration Statement within ten (10) calendar days after the receipt of
comments by or notice from the Commission that such amendment is required in order for such Registration Statement to be declared
effective, or (iv) a Registration Statement registering for resale all of the Registrable Securities is not declared effective
by the Commission by the Effectiveness Date of the Initial Registration Statement, or (v) after the effective date of a Registration
Statement, such Registration Statement ceases for any reason to remain continuously effective as to all Registrable Securities
included in such Registration Statement, or the Holders are otherwise not permitted to utilize the Prospectus therein to resell
such Registrable Securities, for more than ten (10) consecutive calendar days or more than an aggregate of fifteen (15) calendar
days (which need not be consecutive calendar days) during any 12-month period (any such failure or breach being referred to as
an “Event”, and for purposes of clauses (i) and (iv), the date on which such Event occurs, and for purpose
of clause (ii) the date on which such five (5) Trading Day period is exceeded, and for purpose of clause (iii) the date which
such ten (10) calendar day period is exceeded, and for purpose of clause (v) the date on which such ten (10) or fifteen (15) calendar
day period, as applicable, is exceeded being referred to as “Event Date”), then, in addition to any other rights
the Holders may have hereunder or under applicable law, on each such Event Date and on each monthly anniversary of each such Event
Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay
to each Holder an amount in cash, as partial liquidated damages and not as a penalty, equal to the product of 2.0% multiplied
by the aggregate amount of such Holder’s Subscription Amount.. The parties agree that the maximum aggregate liquidated damages
payable to a Holder under this Agreement shall be 12% of such Holder’s Subscription Amount. If the Company fails to pay
any partial liquidated damages pursuant to this Section in full within seven days after the date payable, the Company will pay
interest thereon at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by applicable law) to
the Holder, accruing daily from the date such partial liquidated damages are due until such amounts, plus all such interest thereon,
are paid in full. The partial liquidated damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion
of a month prior to the cure of an Event.

 

(e)
If Form S-3 is not available for the registration of the resale of Registrable Securities hereunder, the Company shall (i) register
the resale of the Registrable Securities on another appropriate form and (ii) undertake to register the Registrable Securities
on Form S-3 as soon as such form is available, provided that the Company shall maintain the effectiveness of the Registration
Statement then in effect until such time as a Registration Statement on Form S-3 covering the Registrable Securities has been
declared effective by the Commission.

 

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(f)
Notwithstanding anything to the contrary contained herein, in no event shall the Company be permitted to name any Holder or affiliate
of a Holder as any Underwriter without the prior written consent of such Holder.

 

3.
Registration Procedures.

 

In
connection with the Company’s registration obligations hereunder, the Company shall:

 

(a)
Not less than five (5) Trading Days prior to the filing of each Registration Statement and not less than one (1) Trading Day prior
to the filing of any related Prospectus or any amendment or supplement thereto (including any document that would be incorporated
or deemed to be incorporated therein by reference), the Company shall (i) furnish to each Holder copies of all such documents
proposed to be filed, which documents (other than those incorporated or deemed to be incorporated by reference) will be subject
to the review of such Holders, and (ii) cause its officers and directors, counsel and independent registered public accountants
to respond to such inquiries as shall be necessary, in the reasonable opinion of respective counsel to each Holder, to conduct
a reasonable investigation within the meaning of the Securities Act. The Company shall not file a Registration Statement or any
such Prospectus or any amendments or supplements thereto to which the Holders of a majority of the Registrable Securities shall
reasonably object in good faith, provided that, the Company is notified of such objection in writing no later than five (5) Trading
Days after the Holders have been so furnished copies of a Registration Statement or one (1) Trading Day after the Holders have
been so furnished copies of any related Prospectus or amendments or supplements thereto. Each Holder agrees to furnish to the
Company a completed questionnaire in the form attached to this Agreement as Annex B (a “Selling Stockholder Questionnaire”)
on a date that is not less than two (2) Trading Days prior to the Filing Date or by the end of the fourth (4th) Trading
Day following the date on which such Holder receives draft materials in accordance with this Section.

 

(b)
(i) Prepare and file with the Commission such amendments, including post-effective amendments, to a Registration Statement and
the Prospectus used in connection therewith as may be necessary to keep a Registration Statement continuously effective as to
the applicable Registrable Securities for the Effectiveness Period and prepare and file with the Commission such additional Registration
Statements in order to register for resale under the Securities Act all of the Registrable Securities, (ii) cause the related
Prospectus to be amended or supplemented by any required Prospectus supplement (subject to the terms of this Agreement), and,
as so supplemented or amended, to be filed pursuant to Rule 424, (iii) respond as promptly as reasonably possible to any comments
received from the Commission with respect to a Registration Statement or any amendment thereto and provide as promptly as reasonably
possible to the Holders true and complete copies of all correspondence from and to the Commission relating to a Registration Statement
(provided that, the Company shall excise any information contained therein which would constitute material non-public information
regarding the Company or any of its Subsidiaries), and (iv) comply in all material respects with the applicable provisions of
the Securities Act and the Exchange Act with respect to the disposition of all Registrable Securities covered by a Registration
Statement during the applicable period in accordance (subject to the terms of this Agreement) with the intended methods of disposition
by the Holders thereof set forth in such Registration Statement as so amended or in such Prospectus as so supplemented.

 

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(c)
If during the Effectiveness Period, the number of Registrable Securities at any time exceeds 100% of the number of shares of Common
Stock then registered in a Registration Statement, then the Company shall file as soon as reasonably practicable, but in any case
prior to the applicable Filing Date, an additional Registration Statement covering the resale by the Holders of not less than
the number of such Registrable Securities.

 

(d)
Notify the Holders of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi) hereof, be
accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made) as promptly as
reasonably possible (and, in the case of (i)(A) below, not less than one (1) Trading Day prior to such filing) and (if requested
by any such Person) confirm such notice in writing no later than one (1) Trading Day following the day (i)(A) when a Prospectus
or any Prospectus supplement or post-effective amendment to a Registration Statement is proposed to be filed, (B) when the Commission
notifies the Company whether there will be a “review” of such Registration Statement and whenever the Commission comments
in writing on such Registration Statement, and (C) with respect to a Registration Statement or any post-effective amendment, when
the same has become effective, (ii) of any request by the Commission or any other federal or state governmental authority for
amendments or supplements to a Registration Statement or Prospectus or for additional information, (iii) of the issuance by the
Commission or any other federal or state governmental authority of any stop order suspending the effectiveness of a Registration
Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that purpose, (iv) of the
receipt by the Company of any notification with respect to the suspension of the qualification or exemption from qualification
of any of the Registrable Securities for sale in any jurisdiction, or the initiation or threatening of any Proceeding for such
purpose, (v) of the occurrence of any event or passage of time that makes the financial statements included in a Registration
Statement ineligible for inclusion therein or any statement made in a Registration Statement or Prospectus or any document incorporated
or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to a Registration
Statement, Prospectus or other documents so that, in the case of a Registration Statement or the Prospectus, as the case may be,
it will not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, and (vi) of
the occurrence or existence of any pending corporate development with respect to the Company that the Company believes may be
material and that, in the determination of the Company, makes it not in the best interest of the Company to allow continued availability
of a Registration Statement or Prospectus; provided, however, that in no event shall any such notice contain any
information which would constitute material, non-public information regarding the Company or any of its Subsidiaries.

 

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(e)
Use its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order stopping or suspending the
effectiveness of a Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any
of the Registrable Securities for sale in any jurisdiction, at the earliest practicable moment.

 

(f)
Furnish to each Holder, without charge, at least one conformed copy of each such Registration Statement and each amendment thereto,
including financial statements and schedules, all documents incorporated or deemed to be incorporated therein by reference to
the extent requested by such Person, and all exhibits to the extent requested by such Person (including those previously furnished
or incorporated by reference) promptly after the filing of such documents with the Commission, provided that any such item which
is available on the EDGAR system (or successor thereto) need not be furnished in physical form.

 

(g)
Subject to the terms of this Agreement, the Company hereby consents to the use of such Prospectus and each amendment or supplement
thereto by each of the selling Holders in connection with the offering and sale of the Registrable Securities covered by such
Prospectus and any amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(d).

 

(h)
Prior to any resale of Registrable Securities by a Holder, use its commercially reasonable efforts to register or qualify or cooperate
with the selling Holders in connection with the registration or qualification (or exemption from the Registration or qualification)
of such Registrable Securities for the resale by the Holder under the securities or Blue Sky laws of such jurisdictions within
the United States as any Holder reasonably requests in writing, to keep each registration or qualification (or exemption therefrom)
effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition
in such jurisdictions of the Registrable Securities covered by each Registration Statement, provided that the Company shall not
be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to
any material tax in any such jurisdiction where it is not then so subject or file a general consent to service of process in any
such jurisdiction.

 

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(i)
If requested by a Holder, cooperate with such Holder to facilitate the timely preparation and delivery of certificates representing
Registrable Securities to be delivered to a transferee pursuant to a Registration Statement, which certificates shall be free,
to the extent permitted by the Purchase Agreement, of all restrictive legends, and to enable such Registrable Securities to be
in such denominations and registered in such names as any such Holder may request.

 

(j)
Upon the occurrence of any event contemplated by Section 3(d), as promptly as reasonably possible under the circumstances taking
into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders of the
premature disclosure of such event, prepare a supplement or amendment, including a post-effective amendment, to a Registration
Statement or a supplement to the related Prospectus or any document incorporated or deemed to be incorporated therein by reference,
and file any other required document so that, as thereafter delivered, neither a Registration Statement nor such Prospectus will
contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not misleading.
If the Company notifies the Holders in accordance with clauses (iii) through (vi) of Section 3(d) above to suspend the use of
any Prospectus until the requisite changes to such Prospectus have been made, then the Holders shall suspend use of such Prospectus.
The Company will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The
Company shall be entitled to exercise its right under this Section 3(j) to suspend the availability of a Registration Statement
and Prospectus, subject to the payment of partial liquidated damages otherwise required pursuant to Section 2(d), for a period
not to exceed 60 calendar days (which need not be consecutive days) in any 12-month period.

 

(k)
Otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the Commission under the
Securities Act and the Exchange Act, including, without limitation, Rule 172 under the Securities Act, file any final Prospectus,
including any supplement or amendment thereof, with the Commission pursuant to Rule 424 under the Securities Act, promptly inform
the Holders in writing if, at any time during the Effectiveness Period, the Company does not satisfy the conditions specified
in Rule 172 and, as a result thereof, the Holders are required to deliver a Prospectus in connection with any disposition of Registrable
Securities and take such other actions as may be reasonably necessary to facilitate the registration of the Registrable Securities
hereunder.

 

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(l)
The Company shall use its best efforts to maintain eligibility for use of Form S-3 (or any successor form thereto) for the registration
of the resale of Registrable Securities.

 

(m)
The Company may require each selling Holder to furnish to the Company a certified statement as to the number of shares of Common
Stock beneficially owned by such Holder and, if required by the Commission, the natural persons thereof that have voting and dispositive
control over the shares. During any periods that the Company is unable to meet its obligations hereunder with respect to the registration
of the Registrable Securities solely because any Holder fails to furnish such information within three Trading Days of the Company’s
request, any liquidated damages that are accruing at such time as to such Holder only shall be tolled and any Event that may otherwise
occur solely because of such delay shall be suspended as to such Holder only, until such information is delivered to the Company.

 

4.
Registration Expenses. All fees and expenses incident to the performance of or compliance with, this Agreement by the Company
shall be borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees
and expenses referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses of the Company’s counsel and independent registered public accountants) (A) with respect
to filings made with the Commission, (B) with respect to filings required to be made with any Trading Market on which the Common
Stock is then listed for trading, and (C) in compliance with applicable state securities or Blue Sky laws reasonably agreed to
by the Company in writing (including, without limitation, fees and disbursements of counsel for the Company in connection with
Blue Sky qualifications or exemptions of the Registrable Securities), (ii) printing expenses (including, without limitation, expenses
of printing certificates for Registrable Securities), (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements
of counsel for the Company, (v) Securities Act liability insurance, if the Company so desires such insurance, and (vi) fees and
expenses of all other Persons retained by the Company in connection with the consummation of the transactions contemplated by
this Agreement. In addition, the Company shall be responsible for all of its internal expenses incurred in connection with the
consummation of the transactions contemplated by this Agreement (including, without limitation, all salaries and expenses of its
officers and employees performing legal or accounting duties), the expense of any annual audit and the fees and expenses incurred
in connection with the listing of the Registrable Securities on any securities exchange as required hereunder. In no event shall
the Company be responsible for any broker or similar commissions of any Holder or, except to the extent provided for in the Transaction
Documents, any legal fees or other costs of the Holders.

 

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5.
Indemnification.

 

(a)
Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold
harmless each Holder, the officers, directors, members, partners, agents, brokers (including brokers who offer and sell Registrable
Securities as principal as a result of a pledge or any failure to perform under a margin call of Common Stock), investment advisors
and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding a lack
of such title or any other title) of each of them, each Person who controls any such Holder (within the meaning of Section 15
of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, members, stockholders, partners, agents
and employees (and any other Persons with a functionally equivalent role of a Person holding such titles, notwithstanding a lack
of such title or any other title) of each such controlling Person, to the fullest extent permitted by applicable law, from and
against any and all losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys’ fees)
and expenses (collectively, “Losses”), as incurred, arising out of or relating to (1) any untrue or alleged
untrue statement of a material fact contained in a Registration Statement, any Prospectus or any form of prospectus or in any
amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission
of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or
supplement thereto, in light of the circumstances under which they were made) not misleading or (2) any violation or alleged violation
by the Company of the Securities Act, the Exchange Act or any state securities law, or any rule or regulation thereunder, in connection
with the performance of its obligations under this Agreement, except to the extent, but only to the extent, that (i) such untrue
statements or omissions are based solely upon information regarding such Holder furnished in writing to the Company by such Holder
expressly for use therein, or to the extent that such information relates to such Holder or such Holder’s proposed method
of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use
in a Registration Statement, such Prospectus or in any amendment or supplement thereto (it being understood that the Holder has
approved Annex A hereto for this purpose) or (ii) in the case of an occurrence of an event of the type specified in Section 3(d)(iii)-(vi),
the use by such Holder of an outdated, defective or otherwise unavailable Prospectus after the Company has notified such Holder
in writing that the Prospectus is outdated, defective or otherwise unavailable for use by such Holder and prior to the receipt
by such Holder of the Advice contemplated in Section 6(d). The Company shall notify the Holders promptly of the institution, threat
or assertion of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the
Company is aware. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of
such indemnified person and shall survive the transfer of any Registrable Securities by any of the Holders in accordance with
Section 6(h).

 

    	12

    	 

    

 

(b)
Indemnification by Holders. Each Holder shall, severally and not jointly, indemnify and hold harmless the Company, its
directors, officers, agents and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities
Act and Section 20 of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the
fullest extent permitted by applicable law, from and against all Losses, as incurred, to the extent arising out of or based solely
upon: any untrue or alleged untrue statement of a material fact contained in any Registration Statement, any Prospectus, or in
any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged
omission of a material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus
or supplement thereto, in light of the circumstances under which they were made) not misleading (i) to the extent, but only to
the extent, that such untrue statement or omission is contained in any information so furnished in writing by such Holder to the
Company expressly for inclusion in such Registration Statement or such Prospectus or (ii) to the extent, but only to the extent,
that such information relates to such Holder’s information provided in the Selling Stockholder Questionnaire or the proposed
method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for
use in a Registration Statement (it being understood that the Holder has approved Annex A hereto for this purpose), such Prospectus
or in any amendment or supplement thereto. In no event shall the liability of a selling Holder be greater in amount than the dollar
amount of the proceeds (net of all expenses paid by such Holder in connection with any claim relating to this Section 5 and the
amount of any damages such Holder has otherwise been required to pay by reason of such untrue statement or omission) received
by such Holder upon the sale of the Registrable Securities included in the Registration Statement giving rise to such indemnification
obligation.

 

(c)
Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity
hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity
is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume
the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all
fees and expenses incurred in connection with defense thereof, provided that the failure of any Indemnified Party to give such
notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only)
to the extent that it shall be finally determined by a court of competent jurisdiction (which determination is not subject to
appeal or further review) that such failure shall have materially and adversely prejudiced the Indemnifying Party.

 

    	13

    	 

    

 

An
Indemnified Party shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof,
but the fees and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying
Party has agreed in writing to pay such fees and expenses, (2) the Indemnifying Party shall have failed promptly to assume the
defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding, or
(3) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying
Party, and counsel to the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if
the same counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party
notifies the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party,
the Indemnifying Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more
than one separate counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any
settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed.
No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending
Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such
Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

 

Subject
to the terms of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses
to the extent incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with
this Section) shall be paid to the Indemnified Party, as incurred, within ten Trading Days of written notice thereof to the Indemnifying
Party, provided that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses
applicable to such actions for which such Indemnified Party is finally determined by a court of competent jurisdiction (which
determination is not subject to appeal or further review) not to be entitled to indemnification hereunder.

 

(d)
Contribution. If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient
to hold an Indemnified Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable
by such Indemnified Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified
Party in connection with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable
considerations. The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among
other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission
or alleged omission of a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party
or Indemnified Party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such action, statement or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include,
subject to the limitations set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by
such party in connection with any Proceeding to the extent such party would have been indemnified for such fees or expenses if
the indemnification provided for in this Section was available to such party in accordance with its terms.

 

    	14

    	 

    

 

The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by
pro rata allocation or by any other method of allocation that does not take into account the equitable considerations referred
to in the immediately preceding paragraph. In no event shall the contribution obligation of a Holder of Registrable Securities
be greater in amount than the dollar amount of the proceeds (net of all expenses paid by such Holder in connection with any claim
relating to this Section 5 and the amount of any damages such Holder has otherwise been required to pay by reason of such untrue
or alleged untrue statement or omission or alleged omission) received by it upon the sale of the Registrable Securities giving
rise to such contribution obligation.

 

The
indemnity and contribution agreements contained in this Section are in addition to any liability that the Indemnifying Parties
may have to the Indemnified Parties.

 

6.
Miscellaneous.

 

(a)
Remedies. In the event of a breach by the Company or by a Holder of any of their respective obligations under this Agreement,
each Holder or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under
this Agreement, including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. Each
of the Company and each Holder agrees that monetary damages would not provide adequate compensation for any losses incurred by
reason of a breach by it of any of the provisions of this Agreement and hereby further agrees that, in the event of any action
for specific performance in respect of such breach, it shall not assert or shall waive the defense that a remedy at law would
be adequate.

 

(b)
No Piggyback on Registrations; Prohibition on Filing Other Registration Statements. Except as set forth on Schedule
6(b) attached hereto, neither the Company nor any of its security holders (other than the Holders in such capacity pursuant
hereto) may include securities of the Company in any Registration Statements other than the Registrable Securities. The Company
shall not file any other registration statements until all Registrable Securities are registered pursuant to a Registration Statement
that is declared effective by the Commission, provided that this Section 6(b) shall not prohibit the Company from filing amendments
to registration statements filed prior to the date of this Agreement.

 

(c)
[RESERVED]

 

    	15

    	 

    

 

(d)
Discontinued Disposition. By its acquisition of Registrable Securities, each Holder agrees that, upon receipt of a notice
from the Company of the occurrence of any event of the kind described in Section 3(d)(iii) through (vi), such Holder will forthwith
discontinue disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company
will use its best efforts to ensure that the use of the Prospectus may be resumed as promptly as is practicable. The Company agrees
and acknowledges that any periods during which the Holder is required to discontinue the disposition of the Registrable Securities
hereunder shall be subject to the provisions of Section 2(d).

 

(e)
Piggy-Back Registrations. If, at any time during the Effectiveness Period, there is not an effective Registration Statement
covering all of the Registrable Securities and the Company shall determine to prepare and file with the Commission a registration
statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities,
other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents relating to equity
securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection
with the Company’s stock option or other employee benefit plans, then the Company shall deliver to each Holder a written
notice of such determination and, if within fifteen days after the date of the delivery of such notice, any such Holder shall
so request in writing, the Company shall include in such registration statement all or any part of such Registrable Securities
such Holder requests to be registered; provided, however, that the Company shall not be required to register any
Registrable Securities pursuant to this Section 6(e) that are eligible for resale pursuant to Rule 144 (without volume restrictions
or current public information requirements) promulgated by the Commission pursuant to the Securities Act or that are the subject
of a then effective Registration Statement that is available for resales or other dispositions by such Holder.

 

(f)
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall
be in writing and signed by the Company and the Holders of 50.1% or more of the then outstanding Registrable Securities (for purposes
of clarification, this includes any Registrable Securities issuable upon exercise or conversion of any Security), provided that,
if any amendment, modification or waiver disproportionately and adversely impacts a Holder (or group of Holders), the consent
of such disproportionately impacted Holder (or group of Holders) shall be required. If a Registration Statement does not register
all of the Registrable Securities pursuant to a waiver or amendment done in compliance with the previous sentence, then the number
of Registrable Securities to be registered for each Holder shall be reduced pro rata among all Holders and each Holder shall have
the right to designate which of its Registrable Securities shall be omitted from such Registration Statement. Notwithstanding
the foregoing, a waiver or consent to depart from the provisions hereof with respect to a matter that relates exclusively to the
rights of a Holder or some Holders and that does not directly or indirectly affect the rights of other Holders may be given only
by such Holder or Holders of all of the Registrable Securities to which such waiver or consent relates; provided, however,
that the provisions of this sentence may not be amended, modified, or supplemented except in accordance with the provisions of
the first sentence of this Section 6(f). No consideration shall be offered or paid to any Person to amend or consent to a waiver
or modification of any provision of this Agreement unless the same consideration also is offered to all of the parties to this
Agreement.

 

    	16

    	 

    

 

(g)
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be delivered as set forth in the Purchase Agreement.

 

(h)
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns
of each of the parties and shall inure to the benefit of each Holder. The Company may not assign (except by merger) its rights
or obligations hereunder without the prior written consent of all of the Holders of the then outstanding Registrable Securities.

 

(i)
No Inconsistent Agreements. Neither the Company nor any of its Subsidiaries has entered, as of the date hereof, nor shall
the Company or any of its Subsidiaries, on or after the date of this Agreement, enter into any agreement with respect to its securities,
that would have the effect of impairing the rights granted to the Holders in this Agreement or otherwise conflicts with the provisions
hereof. Except as set forth on Schedule 6(i), neither the Company nor any of its Subsidiaries has previously entered into
any agreement granting any registration rights with respect to any of its securities to any Person that have not been satisfied
in full.

 

(j)
Execution and Counterparts. This Agreement may be executed in two 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.

 

(k)
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall
be determined in accordance with the provisions of the Purchase Agreement.

 

(l)
Cumulative Remedies. The remedies provided herein are cumulative and not exclusive of any other remedies provided by law.

 

    	17

    	 

    

 

(m)
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(n)
Headings. The headings in this Agreement are for convenience only, do not constitute a part of the Agreement and shall
not be deemed to limit or affect any of the provisions hereof.

 

(o)
Independent Nature of Holders’ Obligations and Rights. The obligations of each Holder hereunder are several and not
joint with the obligations of any other Holder hereunder, and no Holder shall be responsible in any way for the performance of
the obligations of any other Holder hereunder. Nothing contained herein or in any other agreement or document delivered at any
closing, and no action taken by any Holder pursuant hereto or thereto, shall be deemed to constitute the Holders as a partnership,
an association, a joint venture or any other kind of group or entity, or create a presumption that the Holders are in any way
acting in concert or as a group or entity with respect to such obligations or the transactions contemplated by this Agreement
or any other matters, and the Company acknowledges that the Holders are not acting in concert or as a group, and the Company shall
not assert any such claim, with respect to such obligations or transactions. Each Holder shall be entitled to protect and enforce
its rights, including without limitation the rights arising out of this Agreement, and it shall not be necessary for any other
Holder to be joined as an additional party in any proceeding for such purpose. The use of a single agreement with respect to the
obligations of the Company contained was solely in the control of the Company, not the action or decision of any Holder, and was
done solely for the convenience of the Company and not because it was required or requested to do so by any Holder. It is expressly
understood and agreed that each provision contained in this Agreement is between the Company and a Holder, solely, and not between
the Company and the Holders collectively and not between and among Holders.

 

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

 

(Signature
Pages Follow)

 

    	18

    	 

    

 

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

 

	 	dropcar,
    inc.
	 	 
	 	By:	
	 	 	Name:
	 	 	Title:

 

[SIGNATURE
PAGE OF HOLDERS FOLLOWS]

 

    	 

    	 

    

 

[SIGNATURE
PAGE OF HOLDERS TO DCAR RRA]

 

 

Name
of Holder: __________________________

 

Signature
of Authorized Signatory of Holder: __________________________

 

Name
of Authorized Signatory: _________________________

 

Title
of Authorized Signatory: __________________________

 

[SIGNATURE
PAGES CONTINUE]

 

    	 

    	 

    

 

Annex
A

 

Plan
of Distribution

 

Each
Selling Stockholder (the “Selling Stockholders”) of the securities and any of their pledgees, assignees and
successors-in-interest may, from time to time, sell any or all of their securities covered hereby on the principal Trading Market
or any other stock exchange, market or trading facility on which the securities are traded or in private transactions. These sales
may be at fixed or negotiated prices. A Selling Stockholder may use any one or more of the following methods when selling securities:

 

	 	●	ordinary
    brokerage transactions and transactions in which the broker-dealer solicits purchasers;
	 	 	 
	 	●	block trades in which
    the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal
    to facilitate the transaction;
	 	 	 
	 	●	purchases by a broker-dealer
    as principal and resale by the broker-dealer for its account;
	 	 	 
	 	●	an exchange distribution
    in accordance with the rules of the applicable exchange;
	 	 	 
	 	●	privately negotiated
    transactions;
	 	 	 
	 	●	settlement of short
    sales;
	 	 	 
	 	●	in transactions through
    broker-dealers that agree with the Selling Stockholders to sell a specified number of such securities at a stipulated price
    per security;
	 	 	 
	 	●	through the writing
    or settlement of options or other hedging transactions, whether through an options exchange or otherwise;
	 	 	 
	 	●	a combination of any
    such methods of sale; or
	 	 	 
	 	●	any other method permitted
    pursuant to applicable law.

 

The
Selling Stockholders may also sell securities under Rule 144 or any other exemption from registration under the Securities Act
of 1933, as amended (the “Securities Act”), if available, rather than under this prospectus.

 

Broker-dealers
engaged by the Selling Stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive
commissions or discounts from the Selling Stockholders (or, if any broker-dealer acts as agent for the purchaser of securities,
from the purchaser) in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an
agency transaction not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a
principal transaction a markup or markdown in compliance with FINRA IM-2440.

 

    	 

    	 

    

 

In
connection with the sale of the securities or interests therein, the Selling Stockholders may enter into hedging transactions
with broker-dealers or other financial institutions, which may in turn engage in short sales of the securities in the course of
hedging the positions they assume. The Selling Stockholders may also sell securities short and deliver these securities to close
out their short positions, or loan or pledge the securities to broker-dealers that in turn may sell these securities. The Selling
Stockholders may also enter into option or other transactions with broker-dealers or other financial institutions or create one
or more derivative securities which require the delivery to such broker-dealer or other financial institution of securities offered
by this prospectus, which securities such broker-dealer or other financial institution may resell pursuant to this prospectus
(as supplemented or amended to reflect such transaction).

 

The
Selling Stockholders and any broker-dealers or agents that are involved in selling the securities may be deemed to be “underwriters”
within the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. Each Selling Stockholder has informed the Company that it does not have any written or oral agreement
or understanding, directly or indirectly, with any person to distribute the securities.

 

The
Company is required to pay certain fees and expenses incurred by the Company incident to the registration of the securities. The
Company has agreed to indemnify the Selling Stockholders against certain losses, claims, damages and liabilities, including liabilities
under the Securities Act.

 

We
agreed to keep this prospectus effective until the earlier of (i) the date on which the securities may be resold by the Selling
Stockholders without registration and without regard to any volume or manner-of-sale limitations by reason of Rule 144, without
the requirement for the Company to be in compliance with the current public information under Rule 144 under the Securities Act
or any other rule of similar effect or (ii) all of the securities have been sold pursuant to this prospectus or Rule 144 under
the Securities Act or any other rule of similar effect. The resale securities will be sold only through registered or licensed
brokers or dealers if required under applicable state securities laws. In addition, in certain states, the resale securities covered
hereby may not be sold unless they have been registered or qualified for sale in the applicable state or an exemption from the
registration or qualification requirement is available and is complied with.

 

Under
applicable rules and regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not
simultaneously engage in market making activities with respect to the common stock for the applicable restricted period, as defined
in Regulation M, prior to the commencement of the distribution. In addition, the Selling Stockholders will be subject to applicable
provisions of the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of
purchases and sales of the common stock by the Selling Stockholders or any other person. We will make copies of this prospectus
available to the Selling Stockholders and have informed them of the need to deliver a copy of this prospectus to each purchaser
at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

 

    	2

    	 

    

 

SELLING
SHAREHOLDERS

 

The
common stock being offered by the selling shareholders are those previously issued to the selling shareholders, and those issuable
to the selling shareholders, upon exercise of the warrants. For additional information regarding the issuances of those shares
of common stock and warrants, see “Private Placement of Shares of Common Stock and Warrants” above. We are registering
the shares of common stock in order to permit the selling shareholders to offer the shares for resale from time to time. Except
for the ownership of the shares of common stock and the warrants, the selling shareholders have not had any material relationship
with us within the past three years.

 

The
table below lists the selling shareholders and other information regarding the beneficial ownership of the shares of common stock
by each of the selling shareholders. The second column lists the number of shares of common stock beneficially owned by each selling
shareholder, based on its ownership of the shares of common stock and warrants, as of ________, 2020, assuming exercise of the
warrants held by the selling shareholders on that date, without regard to any limitations on exercises.

 

The
third column lists the shares of common stock being offered by this prospectus by the selling shareholders.

 

In
accordance with the terms of a registration rights agreement with the selling shareholders, this prospectus generally covers the
resale of the sum of (i) the number of shares of common stock issued to the selling shareholders in the “Private Placement
of Shares of Common Stock and Warrants” described above and (ii) the maximum number of shares of common stock issuable upon
exercise of the related warrants, determined as if the outstanding warrants were exercised in full as of the trading day immediately
preceding the date this registration statement was initially filed with the SEC, each as of the trading day immediately preceding
the applicable date of determination and all subject to adjustment as provided in the registration right agreement, without regard
to any limitations on the exercise of the warrants. The fourth column assumes the sale of all of the shares offered by the selling
shareholders pursuant to this prospectus.

 

Under
the terms of the warrants, a selling shareholder may not exercise the warrants to the extent such exercise would cause such selling
shareholder, together with its affiliates and attribution parties, to beneficially own a number of shares of common stock which
would exceed [4.99]% of our then outstanding common stock following such exercise, excluding for purposes of such determination
shares of common stock issuable upon exercise of the warrants which have not been exercised. The number of shares in the second
column does not reflect this limitation. The selling shareholders may sell all, some or none of their shares in this offering.
See “Plan of Distribution.”

 

	Name
    of Selling Shareholder	 	Number
    of shares of Common Stock Owned Prior to Offering	 	Maximum
                                         Number of shares of Common Stock to be Sold Pursuant to this

                                                                                Prospectus
	 	Number
    of shares of Common Stock Owned After Offering
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

    	3

    	 

    

 

Annex
C

 

dropcar,
inc.

 

Selling
Stockholder Notice and Questionnaire

 

The
undersigned beneficial owner of common stock (the “Registrable Securities”) of DropCar, Inc., a Delaware corporation
(the “Company”), understands that the Company has filed or intends to file with the Securities and Exchange
Commission (the “Commission”) a registration statement (the “Registration Statement”) for
the registration and resale under Rule 415 of the Securities Act of 1933, as amended (the “Securities Act”),
of the Registrable Securities, in accordance with the terms of the Registration Rights Agreement (the “Registration Rights
Agreement”) to which this document is annexed. A copy of the Registration Rights Agreement is available from the Company
upon request at the address set forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed
thereto in the Registration Rights Agreement.

 

Certain
legal consequences arise from being named as a selling stockholder in the Registration Statement and the related prospectus. Accordingly,
holders and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the
consequences of being named or not being named as a selling stockholder in the Registration Statement and the related prospectus.

 

NOTICE

 

The
undersigned beneficial owner (the “Selling Stockholder”) of Registrable Securities hereby elects to include
the Registrable Securities owned by it in the Registration Statement.

 

    	 

    	 

    

 

The
undersigned hereby provides the following information to the Company and represents and warrants that such information is accurate:

 

QUESTIONNAIRE

 

1.
Name.

 

	 	(a)	Full
    Legal Name of Selling Stockholder

 

	 	 
	 	 

 

	 	(b)	Full
    Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities are held:

 

	 	 
	 	 

 

	 	(c)	Full
    Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power
    to vote or dispose of the securities covered by this Questionnaire):

 

	 	 
	 	 

 

2.
Address for Notices to Selling Stockholder:

 

	 
	 
	 
	Telephone:_____________________________________________________________________________________
	Fax:__________________________________________________________________________________________
	Contact
Person:_________________________________________________________________________________

 

3.
Broker-Dealer Status:

 

	 	(a)	Are
    you a broker-dealer?

 

	Yes [  ] 	No [  ]

 

	 	(b)	If
    “yes” to Section 3(a), did you receive your Registrable Securities as compensation for investment banking services
    to the Company?

 

	Yes [  ] 	No [  ]

 

	 	Note:	If
    “no” to Section 3(b), the Commission’s staff has indicated that you should be identified as an underwriter
    in the Registration Statement.

 

    	2

    	 

    

 

	 	(c)	Are
    you an affiliate of a broker-dealer?

 

	Yes [  ] 	No [  ]

 

	 	(d)	If
    you are an affiliate of a broker-dealer, do you certify that you purchased the Registrable Securities in the ordinary course
    of business, and at the time of the purchase of the Registrable Securities to be resold, you had no agreements or understandings,
    directly or indirectly, with any person to distribute the Registrable Securities?

 

	Yes [  ] 	No [  ]

 

	 	Note:	If
    “no” to Section 3(d), the Commission’s staff has indicated that you should be identified as an underwriter
    in the Registration Statement.

 

4.
Beneficial Ownership of Securities of the Company Owned by the Selling Stockholder.

 

Except
as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company
other than the securities issuable pursuant to the Purchase Agreement.

 

	 	(a)	Type
    and Amount of other securities beneficially owned by the Selling Stockholder:

 

	 	 
	 	 

 

    	3

    	 

    

 

5.
Relationships with the Company:

 

Except
as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal equity holders (owners
of 5% of more of the equity securities of the undersigned) has held any position or office or has had any other material relationship
with the Company (or its predecessors or affiliates) during the past three years.

 

State
any exceptions here:

 

	 	 
	 	 

 

The
undersigned agrees to promptly notify the Company of any material inaccuracies or changes in the information provided herein that
may occur subsequent to the date hereof at any time while the Registration Statement remains effective; provided, that the undersigned
shall not be required to notify the Company of any changes to the number of securities held or owned by the undersigned or its
affiliates.

 

By
signing below, the undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through
5 and the inclusion of such information in the Registration Statement and the related prospectus and any amendments or supplements
thereto. The undersigned understands that such information will be relied upon by the Company in connection with the preparation
or amendment of the Registration Statement and the related prospectus and any amendments or supplements thereto.

 

    	4

    	 

    

 

IN
WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered
either in person or by its duly authorized agent.

 

	Date:	 	 	Beneficial
    Owner: 	 

 

	 	 	 	By:	 
	 	 	 	Name:	 
	 	 	 	Title:	 

 

PLEASE
FAX A COPY (OR EMAIL A .PDF COPY) OF THE COMPLETED AND EXECUTED NOTICE AND QUESTIONNAIRE TO:

 

    	5Exhibit
10.6

 

AMENDED
AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT

 

This
Amended and Restated Executive Employment Agreement (the “Agreement”), is made and entered into this
28th day of May, 2020 (the “Effective Date”), by and between DropCar, Inc. (the “Company”),
and Rodney Keller (“Executive”).

 

WHEREAS,
Executive and AYRO, Inc. (formerly Austin EV, Inc.) (“AYRO”) are parties to an Employment Agreement
dated November 13, 2017 (the “Prior Employment Agreement”);

 

WHEREAS,
pursuant to an Agreement and Plan of Merger and Reorganization (the “Merger Agreement”), AYRO and the
Company have agreed to consummate the merger of ABC Merger Sub, Inc., a wholly-owned subsidiary of the Company, with and into
AYRO (the “Merger”), with AYRO surviving the Merger as a wholly-owned subsidiary of the Company; and

 

WHEREAS,
Section 6.03(h) of the Merger Agreement further provides that Executive and the Company shall enter into this Agreement to be
effective as of the date the Merger becomes effective under the Merger Agreement (the “Effective Time”);

 

NOW,
THEREFORE, in consideration of the mutual promises, terms, provisions, and conditions contained herein, the parties agree
as follows:

 

1. Agreement
to Employ. The Company desires to secure the services of Executive as its Chief Executive Officer
(“CEO”). The Company and Executive desire to enter into this Agreement to, among other things, set
forth the terms of Executive’s employment with the Company. The Company and Executive acknowledge that this Agreement
supersedes any other offer, agreement or promises made by anyone, specifically concerning the offer of employment by the
Company, and this Agreement comprises the complete agreement between Executive and the Company concerning Executive’s
employment by the Company.

 

2. Term
of Agreement. This Agreement shall be binding upon and enforceable against the Company and Executive immediately when
both parties execute the Agreement. The Agreement’s stated term and the employment relationship created hereunder will
begin on the Effective Time and will remain in effect for one (1) year, unless earlier terminated in accordance with Section
8 (the “Initial Employment Term”). This Agreement shall be automatically renewed for a successive
one (1) year term after the Initial Employment Term (the “Renewal Term”), unless terminated by
either party upon written notice (“Non-Renewal Notice”) provided not less than four (4) months
before the end of the Initial Employment Term, or unless earlier terminated in accordance with Section 8. The period during
which Executive is employed under this Agreement (including the Renewal Term) will be referred to as the
“Employment Period.”

 

3. Surviving
Agreement Provisions. Notwithstanding any provision of this Agreement to the contrary, the parties’ respective
rights and obligations under Sections 6 through 10 shall survive any termination or expiration of this Agreement or the
termination of Executive’s employment for any reason whatsoever.

 

    	 

     

    

 

4. Services
to be Provided by Executive.

 

(a) Position
and Responsibilities. Subject to the Agreement’s terms, Executive agrees to serve the Company as CEO. Executive
shall have the duties and privileges customarily associated with an executive occupying such role, and shall perform all
reasonable acts customarily associated with such role, or necessary and/or desirable to protect and advance the best
interests of the Company. Executive shall also serve as a Member of the Board of Directors of the Company (the
“Board”). For purposes of this Agreement only, all references to the Board shall not include
Executive. Executive shall resign as a member of the Board upon termination if requested by the Company.

 

 (b) Executive’s
Office Location. Executive’s primary office location shall be the Company’s business office in Round Rock, Texas.

 

 (c) Executive’s
Employment Representations. Executive agrees that he (i) shall not serve as a member of any board of directors, or as a trustee
of, or in any manner be affiliated with, any present or future agency or organization (except for civic, religious, and not for
profit organizations) without the consent of the Board, which consent will not be unreasonably withheld, other than those board
of directors or trustees on which Executive serves as of date of this Agreement; and (ii) is required to devote sufficient working
time to the Company (other than sick time and civic responsibilities, charitable or religious activities that do not interfere
with the performance of Executive’s duties) in order to properly carry out Executive’s duties. Executive further represents
to the Company that Executive (x) is not, to Executive’s knowledge, violating and will not violate any contractual, legal,
or fiduciary obligations or burdens to which Executive is subject as of the date of this Agreement by entering into this Agreement
or providing services under the Agreement’s terms; (y) is, to Executive’s knowledge, under no contractual, legal,
or fiduciary obligation or burden that will interfere with his ability to perform services under the Agreement’s terms;
and (z) has no bankruptcies, convictions, disputes with regulatory agencies, or other discloseable or disqualifying events that
would have any material impact on the Company or its ability to conduct securities offerings.

 

5. Compensation
for Services. As compensation for the services Executive will perform under this Agreement during the Employment
Period, the Company will pay Executive, and Executive shall accept as full compensation, the following:

 

(a) Base
Salary. Executive shall receive a monthly salary of twenty thousand eight hundred and thirty-three dollars and
thirty-three cents (USD $20,833.33) (annualized, two hundred fifty thousand dollars (U.S. $250,000.00)), less required
withholdings (the “Base Salary”), payable in equal installments semi-monthly pursuant to the
Company’s normal payroll practices. The Base Salary may be increased in the discretion of the Board, but not decreased
without the consent of Executive. If increased, the increased amount shall constitute Base Salary for purposes of this
Agreement. During the Renewal Term, Executive shall receive the same rate of Base Salary as in effect immediately prior to
the commencement of such Renewal Term. Executive’s compensation shall be subject to all appropriate federal and state
withholding taxes.

 

(b) Bonus
Plans. For fiscal years during the Employment Period, Executive shall be eligible to receive periodic bonuses of up to
fifty percent (50%) of his Base Salary upon achievement of target objectives and performance criteria, payable on or before
March 15th of the fiscal year following the fiscal year to which the bonus relates. Except to the extent provided
by Section 9(c), Executive shall be entitled to a bonus for a year, subject to achievement of the performance criteria, if he
is employed by the Company as of December 31 for the year to which services to which the bonus applies were performed.
Targets and performance criteria shall be established by the Board after consultation with Executive. The evaluation of
Executive’s performance, as measured by the applicable targets and the awarding of bonuses, if any, shall be at the
Board’s sole discretion.

 

    	-2-

     

    

 

(c) Equity
Award. Any stock options or other equity awards outstanding and held by Executive on the closing date of the Merger (the
“Outstanding Awards”) shall remain in place, subject to the terms and conditions of the award
agreements relating to such awards, provided, however that the option price and number of shares subject to such options and
awards shall be adjusted ratably pursuant to the Exchange Ratio (as defined in the Merger Agreement). In addition to the
Outstanding Awards, as soon as administratively practicable after the closing date of the Merger, the Company agrees to grant
Executive an additional award of 5,553,592 restricted stock units (“RSUs”), targeted at 5% of the
issued and outstanding shares of Common Stock of the Company post-Merger on a fully diluted basis, subject to the terms and
conditions of the Company’s equity plan and form of restricted stock unit award agreement, which terms shall include,
without limitation: (i) forfeiture of any unvested RSUs on Executive’s termination of employment for any reason; and
(ii) vesting of the RSUs in accordance with the following 2020 AYRO performance milestones and assumptions (the successful
completion of each shall be determined by the Company in its sole discretion):

 

i.
33.33% of the RSUs (rounded down for any fractional shares) will vest upon the Company’s receipt of purchase orders for
at least 500 AYRO vehicles to be sold to Club Car Inc. in calendar year 2020 with the following quarterly targets 1Q2020-30
vehicles; 2Q2020 – 60 vehicles; 3Q2020 – 150 vehicles; 4Q2020 260 vehicles, provided, that (1) on or before
December 16, 2019, a definitive written agreement with respect to such purchase is executed, and at least $1,000,000 of the
purchase has been received by the Company; (2) on the closing date of the Merger, AYRO secures borrowing based on a line of
credit of $4,000,000 to support inventory purchase flow in line with the Company’s 2020 budget; (3) the Merger’s
closing date is on or before February 28, 2020 and the Company receives additional funding of at least $5,000,000 is received
by such date; (4) in the event the closing date of the Merger is after January 25, 2020, AYRO and the investors mutually
agree on earlier release of approved funding of at least $500,000; and (5) the Company receives additional funding from third
parties of at least $1,500,000 on or before September 30, 2020 (subsections (1) through (5) are referred to herein in as the
“Assumptions”);

 

ii.
An additional 33.33% of the RSUs (rounded down for any fractional shares) shall vest on the date (x) that the Company enters
into a definitive written agreement with Club Car Inc./Ingersoll Rand on or before May 31, 2020 that results in a minimum
equity investment of $1,500,000 in AYRO, (y) Club Car Inc./Ingersoll Rand’s agreement to publicly disclose such
investment and (z) the Assumptions have been achieved;

 

iii.
The remaining RSUs shall vest on the date that the Company achieves a minimum average valuation of 25% higher for twenty (20)
out of the thirty (30) calendar days following the end of the first full quarter after the closing date of the Merger than
the Company’s valuation on the date of the Merger, provided that the Assumptions have been achieved by such date;
and

 

In
the event the performance milestones and assumptions are not achieved with respect to a tranche of RSUs, such RSUs shall be forfeited.

 

(d) Vacation.
During the Employment Period, Executive shall be entitled to vacation in accordance with the Company’s vacation policy.
Vacation shall be taken at such times and intervals as shall be determined by Executive, subject to the reasonable business
needs of the Company.

 

    	-3-

     

    

 

(e) Reimbursement
of Ordinary Business Expenses. The Company shall reimburse Executive for all reasonable business expenses upon the
presentation of itemized statements of such expenses in accordance with Company policies and procedures as may be in effect
from time to time.

 

(f) Other
Benefits and Perquisites. Executive shall be entitled to participate in the benefit plans provided by the Company for all
employees generally, and for the Company’s executive employees, including the availability of health and dental
insurance benefits. The Company shall be entitled to modify, amend or terminate these benefit plans in its sole discretion at
any time. Any reimbursement of expenses made under this Agreement shall only be made for eligible expenses incurred during
the Employment Period, and no reimbursement of any expense shall be made by the Company after December 31st of the year
following the calendar year in which the expense was incurred. The amount eligible for reimbursement under this Agreement
during a taxable year may not affect expenses eligible for reimbursement in any other taxable year, and the right to
reimbursement under this Agreement is not subject to liquidation or exchange for another benefit. Executive will comply with
the Company’s policies regarding these benefits, including all Internal Revenue Service rules and
requirements.

 

6. Confidential
Information.

 

(a) Confidential
Information. The Company shall provide Executive with confidential information and trade secrets of the Company
(hereinafter referred to as “Confidential Information”), shall place Executive in a position to
develop and have ongoing access to Confidential Information of the Company, shall entrust Executive with business
opportunities of the Company, and shall place Executive in a position to develop business goodwill on behalf of the Company.
For purposes of this Agreement, Confidential Information includes, but is not limited to:

 

(i)
Technologies developed by the Company and any research data or other documentation related to the development of such
technologies, including, without limitation, all designs, ideas, concepts, improvements, product developments, discoveries
and Inventions (as defined below), whether patentable or not, that are conceived, developed or acquired by Executive,
individually or in conjunction with others, during the period of Executive’s employment by the Company;

 

(ii)
All documents, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer
programs, E-mail, voice mail, electronic databases, maps, logs, drawings, models and all other writings or materials of any
type embodying any of such information, ideas, concepts, improvements, discoveries, inventions (as defined below) and other
similar forms of expression that are conceived, developed or acquired by Executive individually or in conjunction with others
during the Employment Period (whether during business hours or otherwise and whether on any Company premises or otherwise)
that relate to the Competing Business (defined below), trade secrets, products or services;

 

(iii)
Customer lists and prospect lists developed by the Company;

 

(iv)
Information regarding the Company’s customers which Executive acquired as a result of his employment with the Company,
including but not limited to, customer contracts, work performed for customers, customer contacts, customer requirements and
needs, data used by the Company to formulate customer bids, customer financial information, and other information regarding
the customer’s business;

 

    	-4-

     

    

 

(v)
Information related to the Competing Business (defined below), including but not limited to marketing strategies and plans,
sales procedures, operating policies and procedures, pricing and pricing strategies, business plans, sales, profits, and
other business and financial information of the Company;

 

(vi)
Training materials developed by and utilized by the Company; and

 

(vii)
Any other information that Executive acquired as a result of his employment with the Company and which the Company would not
want disclosed to a business competitor or to the general public.

 

Executive
understands and acknowledges that such Confidential Information gives the Company a competitive advantage over others who do not
have the information, and that the Company would be irreparably harmed if the Confidential Information were disclosed.

 

For
purposes of this Agreement, Confidential Information shall not include information that: (i) prior to disclosure, is or was known
or generally available to the public; (ii) after disclosure, become known to the public through no act or omission of Executive
or any other person or entity with an obligation of confidentiality to the Company; (iii) is or was independently developed by
or Executive, without the use of or reference to Confidential Information of the Company, and can be demonstrated by Executive
through adequate documentation was developed by Executive in this manner; or (iv) is required to be disclosed pursuant to an applicable
law, rule, regulation, government requirement or court order, or the rules of any stock exchange (provided however, Executive
shall advise the Company of such required disclosure promptly upon learning thereof in order to afford the Company a reasonable
opportunity to contest, limit and/or assist Executive in crafting such disclosure and shall cooperate with the Company concerning
any such attempt to contest, limit or craft the disclosure).

 

(b) Disclosure
of Confidential Information. Executive agrees that he shall hold all Confidential Information of the Company in trust for
the Company and shall not during or after his employment terminates for any reason: (i) use the information for any purpose
other than the benefit of the Company; or (ii) disclose to any person or entity any Confidential Information of the Company
except as necessary during Executive’s employment with the Company to perform services on behalf of the Company.
Executive shall also take reasonable steps to safeguard such Confidential Information in Executive’s possession or
control to prevent its disclosure to unauthorized persons.

 

(c) Inventions.
Executive shall promptly and fully disclose to the Company any and all ideas, improvements, discoveries and inventions,
whether or not they are believed to be patentable (“Inventions”), that Executive conceives of or
first actually reduces to practice, either solely or jointly with others, during Executive’s employment with the
Company, and that relate to the business now or thereafter carried on or contemplated by the Company or that result from any
work performed by Executive for the Company. Executive acknowledges and agrees that all Inventions shall be the sole and
exclusive property of the Company and are hereby assigned to the Company. During the term of Executive’s employment
with the Company and thereafter, whenever requested to do so by the Company, Executive shall take such action as may be
requested to execute and assign any and all applications, assignments and other instruments that the Company shall deem
necessary or appropriate in order to apply for and obtain Letters Patent of the United States and/or of any foreign countries
for such Inventions and in order to assign and convey to the Company or their nominees the sole and exclusive right, title
and interest in and to such Inventions.

 

    	-5-

     

    

 

(d) Return
of Information. Upon termination of employment, or at any earlier time as directed by the Company, Executive shall
immediately deliver to the Company any and all Confidential Information in Executive’s possession, any other documents
or information that Executive acquired as a result of his employment with the Company and any copies of any such
documents/information. Executive shall not retain any originals or copies of any documents or materials related to the
Company’s Business – whether in hard copy or digital form – which Executive came into possession of or
created as a result of his employment with the Company. Executive acknowledges that such information, documents and materials
are the exclusive property of the Company. After Executive delivers to the Company all Confidential Information in
Executive’s possession and all other documents and/or information relating to the Company’s Business, Executive
shall immediately delete all Company Confidential Information and other documents and/or information relating to the
Company’s Business from any computer, cellular phone or other digital or electronic device owned by Executive. In
addition, upon termination of employment, or at any time earlier as directed by the Company, Executive shall immediately
deliver to the Company any property of the Company in Executive’s possession.

 

7. Restrictive
Covenants. In consideration for (i) the Company’s promise to provide Confidential Information to Executive and
Executive’s return promise to hold the Company’s Confidential Information in trust, (ii) the substantial economic
investment made by the Company in the Confidential Information and goodwill of the Company, and the business opportunities
disclosed or entrusted to Executive, (iii) the compensation and other benefits provided by the Company to Executive, and (iv)
the Company’s employment of Executive pursuant to this Agreement, and to protect the Company’s Confidential
Information, customer relationships, and goodwill, Executive agrees to enter into the following restrictive
covenants.

 

(a) Non-Competition.
Executive, on his own behalf, individually or as a principal, partner, stockholder, manager, agent, consultant, contractor,
employee, lender, investor, or as a director or officer of any corporation or association, or in any other manner or capacity
whatsoever, agrees that during the Employment Period and for a period of twelve (12) months following Executive’s
termination (for whatever reason) (the “Restricted Period”), he shall not, whether directly or
indirectly, without the express written approval of the Company, own, establish, manage, engage in, operate, control, work
for, consult with, render services for, do business with, maintain any interest in (proprietary, financial, or otherwise), or
participate in the ownership, establishment, management, operation, or control of, any Competing Business in the Restricted
Area. For purposes of this Agreement, “Competing Business” means any business, individual,
partnership, firm, corporation, or other entity that engages in any business or service which the Company provided during
Executive’s employment, and the “Restricted Area” includes the United States of America and
any state, country or territory for which Executive had business contact on behalf of, or responsibility for, the Company
during the twelve (12) month period prior to the termination of Executive’s employment. However, Executive may own,
directly or indirectly, solely as an investment, securities of any business traded on any national securities exchange; provided
that Executive is not a controlling person of, or the member of a group that controls such business; provided further
that Executive does not, directly or indirectly, own two percent (2%) or more of any class of securities of such
business.

 

    	-6-

     

    

 

(b) Non-Solicitation.
Executive agrees that, during the Employment Period and thereafter during the Restricted Period, other than in connection
with his authorized duties under this Agreement, Executive shall not, directly or indirectly, either as a principal, manager,
agent, employee, consultant, officer, director, stockholder, partner, investor, owner, or lender or in any other capacity,
and whether personally or through other persons or entities:

 

(i)
Solicit business from, interfere with, attempt to solicit business with, or do business with any customer or client of the
Company with whom the Company did business or who the Company solicited within the preceding eighteen (18) months and who or
which: (1) Executive contacted, called on, serviced or did business with during Executive’s employment at the Company;
(2) Executive learned of solely as a result of Executive’s employment with the Company; or (3) about whom Executive
received Confidential Information. This restriction in this Section 7(b)(i) only prohibits soliciting, attempting to solicit
or transacting business for any person or entity, other than the Company, engaged in the Competing Business of the Company or
any affiliate thereof; or

 

(ii)
Solicit, induce or attempt to solicit or induce, engage or hire, on behalf of himself or any other person or entity, any
person who is an employee or consultant of the Company or who was employed by the Company within the preceding twelve (12)
months (general advertisements and similar solicitations not directed at any specific individuals shall not be considered
solicitation for this purpose).

 

(c) Non-Disparagement.
Executive agrees that the Company’s goodwill and reputation are assets of great value to the Company and its affiliates
which were obtained through great costs, time and effort. Therefore, Executive agrees that during his employment and after
the termination of his employment, Executive shall not in any way, directly or indirectly, disparage, libel or defame the
Company, its beneficial owners or its affiliates, their respective business or business practices, products or services, or
employees.

 

(d) No
Interference. Notwithstanding any other provision of this Agreement, (i) Executive may disclose Confidential Information
when required to do so by a court of competent jurisdiction, by any governmental agency having authority over Executive or
the business of the Company or by any administrative body or legislative body (including a committee thereof) with
jurisdiction to order Executive to divulge, disclose or make accessible such information; and (ii) nothing in this Agreement
is intended to interfere with Executive’s right to (a) report possible violations of state or federal law or regulation
to any governmental or law enforcement agency or entity; (b) make other disclosures that are protected under the
whistleblower provisions of state or federal law or regulation; (c) file a claim or charge with the Equal Employment
Opportunity Commission (“EEOC”), any state human rights commission, or any other governmental
agency or entity; or (d) testify, assist, or participate in an investigation, hearing, or proceeding conducted by the EEOC,
any state human rights commission, any other governmental or law enforcement agency or entity, or any court. For purposes of
clarity, in making or initiating any such reports or disclosures or engaging in any of the conduct outlined in subsection
(ii) above, Executive may disclose Confidential Information to the extent necessary to such governmental or law enforcement
agency or entity or such court, need not seek prior authorization from the Company, and is not required to notify the Company
of any such reports, disclosures or conduct.

 

    	-7-

     

    

 

(e) Defend
Trade Secrets Act. Executive is hereby notified in accordance with the Defend Trade Secrets Act of 2016 that Executive
will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade
secret that is made in confidence to a federal, state, or local government official, either directly or indirectly, or to an
attorney solely for the purpose of reporting or investigating a suspected violation of law, or is made in a complaint or
other document that is filed under seal in a lawsuit or other proceeding. If Executive files a lawsuit for retaliation
against the Company for reporting a suspected violation of law, Executive may disclose the Company’s trade secrets to
Executive’s attorney and use the trade secret information in the court proceeding if Executive files any document
containing the trade secret under seal, and does not disclose the trade secret, except pursuant to court order.

 

(f) Tolling.
If Executive violates any of the restrictions contained in this Section 7 (other than subsection (c) of this Section 7), the
Restricted Period shall be suspended and will not run in favor of Executive from the time of the commencement of any
violation until the time when Executive cures the violation to the satisfaction of the Company.

 

(g) Remedies.
Executive acknowledges that the restrictions contained in Sections 6 and 7 of this Agreement, in view of the nature of the
Company’s business and his position with the Company, are reasonable and necessary to protect the Company’s
legitimate business interests, Confidential Information and goodwill and that any violation of Sections 6 and 7 of this
Agreement may result in irreparable injury to the Company. In the event of a breach or threatened breach by Executive of
Sections 6 or 7 of this Agreement, the Company may (i) seek a temporary restraining order and injunctive relief restraining
Executive from the commission of any breach, and (ii) if the Company is the prevailing party, recover reasonable
attorneys’ fees, expenses and costs the Company incurs in such action. Further, if the Company prevails in any action
brought by Executive (or anyone acting on his behalf) seeking to declare any term in this Section 7 void or unenforceable or
subject to reduction or modification, then the Company shall be entitled to recover attorneys’ fees, expenses and costs
the Company incurs in such action. Similarly, if Executive prevails in any action brought by the Company (or anyone acting on
its behalf) seeking to enforce any term in Section 6 or 7, then Executive shall be entitled to recover reasonable
attorneys’ fees, expenses and costs he incurs in such action. Nothing contained in this Agreement shall be construed as
prohibiting the Company from pursuing any other remedies available to it for any breach or threatened breach, including,
without limitation, the recovery of money damages. The existence of any claim or cause of action by Executive against the
Company, whether predicated on this Agreement or otherwise, shall not constitute a defense to the enforcement by the Company
of Section 6 or 7 of this Agreement. If Executive, in the future, seeks or is offered employment, or any other position or
capacity with another person or entity, Executive agrees to inform each such person or entity of the restrictions in Sections
6 and 7 of this Agreement. Further, before accepting any employment or other position with any person or entity during the
Restricted Period, Executive agrees to give prior written notice to the Company of the name and address of such person or
entity. The Company shall be entitled to advise such person or entity of the provisions of Sections 6 and 7 and to otherwise
deal with such person or entity to ensure that the provisions of Sections 6 and 7 are enforced.

 

(h) Reformation.
The courts shall be entitled to modify the duration and scope of any restriction contained herein to the extent such
restriction would otherwise be unenforceable, and such restriction as modified shall be enforceable. Executive acknowledges
that the restrictions imposed by this Agreement are legitimate, reasonable and necessary to protect the Company’s
investment in its Confidential Information, businesses, customer relationships and the goodwill thereof. Executive
acknowledges that the scope and duration of the restrictions contained herein are necessary and reasonable in light of the
time that Executive has been engaged in the business of the Company, Executive’s reputation in the markets for the
Company’s business and Executive’s relationship with the suppliers, customers and clients of the Company obtained
through Executive’s employment with the Company.

 

    	-8-

     

    

 

8. Termination
of Agreement. The employment relationship between Executive and the Company created under this Agreement shall
terminate before the expiration of the stated term of this Agreement upon the occurrence of any one of the following
events:

 

(a) Death
or Permanent Disability. This Agreement, and Executive’s employment, shall be terminated effective on the death or
permanent disability of Executive. For this purpose, “permanent disability” shall mean that Executive has, by
reason of any medically determinable physical or mental impairment, been determined to be disabled under a long-term
disability benefits plan covering employees of the Company or is determined to be totally disabled by the U.S. Social
Security Administration.

 

(b) Termination
by the Company for Cause. The Company may terminate Executive’s employment hereunder for Cause at any time after
providing written notice to Executive. For purposes of this Agreement, the term “Cause” shall mean
any of the following:

 

(i)
an act or acts of theft, embezzlement, fraud, or willful or material misrepresentation by Executive;

 

(ii)
an act or acts of intentional dishonesty or willful misrepresentation of a material nature;

 

(iii)
any willful misconduct by Executive with regard to the Companies;

 

(iv)
a material breach by Executive of any fiduciary duties owed by him to the Companies;

 

(v)
Executive’s conviction of, or pleading nolo contendere or guilty to, a felony or misdemeanor (other than a
traffic infraction) that is reasonably likely to cause damage to the Companies or the Companies’ reputation;

 

(vi)
a material violation of the Companies’ written policies, standards or guidelines, which Executive failed to cure within
thirty (30) days;

 

(vii)
Executive’s refusal to perform the material duties and responsibilities lawfully and ethically required to be performed
by Executive under the terms of this Agreement, which Executive failed to cure within thirty (30) days after receiving
written notice from the Board; and

 

(viii)
a material breach by Executive of this Agreement or any other agreement to which Executive and the Companies are
parties that is not cured by Executive within thirty (30) days after receipt by Executive of a written notice from the
Companies of such breach specifying the details thereof.

 

(c) Termination
by the Company Without Cause. The Company may terminate this Agreement and Executive’s employment at any time upon
thirty (30) days written notice to Executive without Cause, during which period Executive shall not be required to perform
any services for Employer other than to assist the Company in training his successor and generally preparing for an orderly
transition.

 

    	-9-

     

    

 

(d) Termination
by Executive. Executive may terminate this Agreement and his employment without Good Reason at any time upon thirty (30)
days written notice to the Company. Executive may also terminate his employment for Good Reason. For purposes of this
Agreement, the term “Good Reason” shall mean the occurrence of any of the following without
Executive’s prior written consent:

 

(i)
a material reduction in Executive’s Base Salary;

 

(ii)
a material diminution in Executive’s title, duties, responsibility or authority; or

 

(iii)
relocation without Executive’s consent for three consecutive months or more to an office located fifty (50) miles
outside of Executive’s principal place of business.

 

Any
event described in (i) through (iii) shall not constitute Good Reason unless Executive delivers to the Companies a written notice
of termination for Good Reason within ninety (90) days after Executive first learns of the existence of the circumstances giving
rise to Good Reason, and within thirty (30) days following delivery of such notice, the Company or Companies, as applicable, have
failed to cure the circumstances giving rise to Good Reason.

 

(e) Separation
from Service. For purposes of this Agreement, including, without limitation, Sections 8 and 9, any references to a
termination of Executive’s employment shall mean a “separation from service” as defined by Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”) and the Treasury Regulations and other
guidance issued thereunder.

 

(f) Notice
of Termination. Any termination of Executive’s employment hereunder (other than as a result of the death of
Executive or as a result of the expiration of the Employment Term or any Renewal Term if either party has given a Non-Renewal
Notice to the other), whether by the Company or by Executive, shall be communicated by written Notice of Termination to the
other party hereto. For purposes of this Agreement, a “Notice of Termination” shall mean a written
notice that shall indicate (i) the specific termination provision in this Agreement relied upon; (ii) the basis for the
termination; and (iii) the date of termination.

 

9. Compensation
Upon Termination for Any Reason. Upon the termination of Executive’s employment under this Agreement
before the expiration of the stated term in this Agreement, Executive shall be entitled to the following:

 

(a) Termination
by the Company for Cause or as a Result of the Resignation of Executive. In the event that Executive’s employment
is terminated by the Company for Cause, or as a result of Executive’s resignation, the Company shall, in addition to
any benefits provided under any employee benefit plan or program of the Company, pay the following amounts to Executive (or
his estate or other legal representative, as the case may be) within the time period required by applicable law (and in all
events within thirty (30) days of such termination):

 

(i)
any accrued but unpaid Base Salary (as determined pursuant to Section 5(a) hereof, including any shares of common
stock) for services rendered to the date of termination;

 

(ii)
any accrued but unpaid expenses required to be reimbursed pursuant to Section 5(e) hereof; and

 

    	-10-

     

    

 

(iii)
All vested outstanding stock options shall remain exercisable until the earlier of expiration of the option’s term or
the date that is two (2) years following Executive’s termination of employment.

 

The
amounts described in Sections 9(a)(i), 9(a)(ii) and 9(a)(iii) above, together with benefits provided under any employee benefit
plan or program of the Company, shall be referred to herein as the “Accrued Obligations.”

 

(b) Termination
by Reason of Death or Disability of Executive. In the event that Executive’s employment is terminated by reason of
Executive’s death or Disability, the Company shall pay the Accrued Obligations to Executive (or his estate or other
legal representative, as the case may be) within the time period required by applicable law (and in all events within thirty
(30) days of such termination). In addition, the Company shall pay Executive any earned, but unpaid, bonus under Section 5(b)
for services rendered during the year preceding the date of termination within the time period provided by Section 5(b) for
payment of bonuses (the “Accrued Bonus”).

 

(c) Termination
by the Company Without Cause or Upon Non-Renewal, or by Executive for Good Reason. In the event that Executive’s
employment is terminated by the Company without Cause or by reason of non-renewal of the Agreement by the Company as provided
by Section 2 hereof or by Executive for Good Reason, the Company shall pay and/or provide the following amounts to
Executive:

 

(i)
the Accrued Obligations within the time period required by applicable law (and in all events within thirty (30) days of such
termination), except for employee benefits that shall be provided in accordance with the terms applicable to such benefits,
and the Accrued Bonus within the time period provided by Section 5(b) hereof for payment of bonuses; and

 

(ii)
subject to compliance with the restrictive covenants in Section 7 and the execution and timely return by Executive of a
release of claims provided by the Company (the “Release”) which the Company shall deliver to
Executive within five (5) business days following the termination of Executive’s employment, and subject to the
provisions of Section 11 below:

 

(1)
The Company shall pay Executive an amount equal to twelve (12) months Base Salary, payable in equal monthly installments over
twelve (12) months (the “Severance Period”). The first installment shall commence on the sixtieth
(60th) day following the termination of Executive’s employment but shall include all installment amounts
that would have been paid during the first sixty (60) days following the termination of Executive’s employment had
installments commenced immediately following the date of termination. Notwithstanding the foregoing, if Executive’s
employment terminates under this Section 9(c) in connection with, or within twenty-four (24) months following, a
“Change in Control” (as defined in the AYRO 2020 LTIP PLAN), then the amount of severance set forth above shall
be doubled, but shall remain payable over the Severance Period determined without regard to such doubling of the amount of
severance.

 

    	-11-

     

    

 

(2)
The Company shall pay Executive an amount equal to the greater of (x) the most recent annual bonus earned by Executive, (y)
the average of the immediately preceding two year’s annual bonuses earned by Executive, or (z) if Executive’s
termination of employment occurs during the first calendar year of the Initial Employment Term before any annual bonus for a
full twelve (12)-month period of service has been paid, then the target bonus Executive is eligible for under Section 5(b)
hereof (the greater of clauses (x), (y) or (z), the “Bonus Amount”), provided that no Bonus Amount
shall be payable if the bonuses for the year of termination are subject to achievement of performance goals and such
performance goals are not achieved by the Company for such year. The Bonus Amount shall be paid at the same time bonuses
would be payable under Section 5(b) hereof if Executive was actively employed. Notwithstanding the foregoing, if
Executive’s employment terminates under this Section 9(c) in connection with, or within twenty-four (24) months
following, a “Change in Control” (as defined in the AYRO 2020 LTIP PLAN), then the amount of Bonus Amount set
forth above shall be doubled.

 

(3)
All outstanding stock options and restricted stock unit awards granted to Executive pursuant to Section 5(c) hereof shall be
fully and immediately vested, to the extent not previously vested. Shares with respect to the restricted stock unit awards
that become vested hereunder shall be delivered to Executive within ten (10) days following the date that the Release is
effective.

 

(4)
The Company shall provide Executive with continued healthcare coverage under the Company’s group health plan at the
same cost, if any, imposed on active employees of the Company, until the earlier of (x) the expiration of the Severance
Period, (y) the date that Executive’s “COBRA” coverage terminates or expires. Such healthcare coverage
shall be provided pursuant to COBRA. To the extent any such benefits are otherwise taxable to Executive, such benefits shall,
for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the provision of
in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other calendar
year.

 

In
the event Executive fails to comply with the restrictive covenants in Section 7 or does not timely execute and return (or otherwise
revokes) a release of claims in the form and substance reasonably requested by the Company, no amount shall be payable to Executive
pursuant to this Section 9(c)(ii).

 

10. Other
Provisions.

 

(a) Remedies;
Legal Fees. Each of the parties to this Agreement shall be entitled to enforce its rights under this Agreement,
specifically, to recover damages by reason of any breach of any provision of this Agreement and to exercise all other rights
existing in its favor. The prevailing party shall be entitled to attorney’s fees.

 

    	-12-

     

    

 

(b) Limitations
on Assignment. In entering into this Agreement, the Company is relying on the unique personal services of Executive;
services from another person will not be an acceptable substitute. Except as provided in this Agreement, Executive may not
assign this Agreement or any of the rights or obligations set forth in this Agreement without the explicit written consent of
the Company. Any attempted assignment by Executive in violation of this Section 10(b) shall be void. Except as provided in
this Agreement, nothing in this Agreement entitles any person other than the parties to the Agreement to any claim, cause of
action, remedy, or right of any kind, including, without limitation, the right of continued employment. No rights or
obligations of the Company under this Agreement may be assigned or transferred by the Company without Executive’s prior
written consent, except that such rights or obligations may be assigned or transferred pursuant to a merger or consolidation
in which the Company is not the continuing entity, or a sale, liquidation or other disposition of all or substantially all of
the assets of the Company, provided that the assignee or transferee is the successor to all or substantially all of the
assets of the Company and assumes the liabilities, obligations and duties of the Company under this Agreement, either
contractually or as a matter of law. The Company further agrees that, in the event of any disposition of its business and
assets described in the preceding sentence, it shall cause such assignee or transferee expressly to assume the liabilities,
obligations and duties of the Company hereunder.

 

(c) No
Mitigation or Offset. In the event of termination of Executive’s employment for any reason, Executive shall be
under no obligation to seek other employment and there shall be no offset against amounts due to him on account of any
remuneration or benefits from any subsequent employment that he may obtain.

 

(d) Severability
and Reformation. The parties intend all provisions of this Agreement to be enforced to the fullest extent permitted by
law. If, however, any provision of this Agreement is held to be illegal, invalid, or unenforceable under present or future
law, such provision shall be fully severable, and this Agreement shall be construed and enforced as if such illegal, invalid,
or unenforceable provision were never a part hereof, and the remaining provisions shall remain in full force and effect and
shall not be affected by the illegal, invalid, or unenforceable provision or by its severance. In lieu of such illegal,
invalid or unenforceable provision, there shall be added automatically as a part of this Agreement a legal, valid and
enforceable provision as similar in terms to such illegal, invalid or unenforceable provision as may be possible, and the
Company and Executive hereby request the court to whom disputes relating to this Agreement are submitted to reform the
otherwise unenforceable covenant in accordance with this Section 10(d).

 

(e)
Notices. Any notice or other communication required, permitted or desired to be given under this Agreement shall be
deemed delivered when personally delivered; the business day, if delivered by overnight courier; the same day, if transmitted
by facsimile on a business day before noon, Eastern Standard Time; the next business day, if otherwise transmitted by
facsimile; and the third business day after mailing, if mailed by prepaid certified mail, return receipt requested, as
addressed or transmitted as follows (as applicable):

 

If
to Executive:

 

The
address of Executive’s principal residence kept in the Company’s records, with a copy to him (during the Employment
Period) at his office.

 

If
to the Company:

 

AYRO,
Inc.

 900
E. Old Settlers Boulevard, Suite 100

 Round Rock, TX 78664

 

(f) Further
Acts. Whether or not specifically required under the terms of this Agreement, each party shall execute and deliver such documents
and take such further actions as shall be necessary in order for such party to perform all of his or its obligations specified
in the Agreement or reasonably implied from the Agreement’s terms.

 

    	-13-

     

    

 

(g) Publicity
and Advertising. Executive agrees that the Company may use his name, picture, or likeness for any advertising, publicity
or other business purpose at any time, during the term of this Agreement and may continue to use materials generated during
the term of this Agreement for a period of six (6) months thereafter. The use of Executive’s name, picture, or likeness
shall not be deemed to result in any invasion of Executive’s privacy or in violation of any property right Executive
may have; and Executive shall receive no additional consideration if his name, picture or likeness is so used. Executive
further agrees that any negatives, prints or other material for printing or reproduction purposes prepared in connection with
the use of his name, picture or likeness by the Company shall be and are the sole property of the Company.

 

(h) GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS, WITHOUT GIVING
EFFECT TO THE CONFLICT OF LAWS (RULES) OR CHOICE OF LAWS (RULES) THEREOF.

 

(i) Venue.
The exclusive venue for all suits or proceedings arising from or related to this Agreement shall be in a court of competent
jurisdiction in Williamson County, Texas.

 

(j) Waiver.
A party’s waiver of any breach or violation of any Agreement provisions shall not operate as, or be construed to be, a
waiver of any later breach of the same or other Agreement provision.

 

(k) Entire
Agreement, Amendment, Binding Effect. This Agreement constitutes the entire agreement between the parties
concerning the subject matter in this Agreement. No oral statements or prior written material not specifically incorporated
in this Agreement shall be of any force and effect, and no changes in or additions to this Agreement shall be recognized,
unless incorporated in this Agreement by written amendment, such amendment to become effective on the date stipulated in it.
Executive acknowledges and represents that in executing this Agreement, he did not rely, and has not relied, on any
communications, promises, statements, inducements, or representation(s), oral or written, by the Company, except as expressly
contained in this Agreement. Any amendment to this Agreement must be signed by all parties to this Agreement. This Agreement
will be binding on and inure to the benefit of the parties hereto and their respective successors, heirs, legal
representatives, and permitted assigns (if any). This Agreement supersedes any prior agreements between Executive and the
Company concerning the subject matter of this Agreement.

 

(l) Counterparts.
This Agreement may be executed in counterparts, with the same effect as if both parties had signed the same document. All
such counterparts shall be deemed an original, shall be construed together and shall constitute one and the same
instrument.

 

(m) Indemnification.
The Company agrees to maintain a directors’ and officers’ liability insurance policy covering Executive in an
amount, and on terms and conditions (including without limitation, with respect to scope, exclusions, sub-amounts and
deductibles), no less favorable to him than the coverage the Company provides other senior executives and directors from time
to time. Executive’s indemnification rights shall be outlined by such policy and to the extent applicable, the Company
by-laws and other governing documents.

 

    	-14-

     

    

 

(n) Attorney’s
Fees. The Company agrees to pay or reimburse Executive for reasonable attorney’s fees incurred by Executive in
connection with the review of this Agreement, up to a maximum of $10,000. Such payment will be made promptly following
execution of this Agreement.

 

11. Section
409A of the Code.

 

(a)
To the extent (i) any payments to which Executive becomes entitled under this Agreement, or any agreement or plan referenced
herein, in connection with Executive’s termination of employment with the Company constitute deferred compensation
subject to Section 409A of the Code; (ii) Executive is deemed at the time of his separation from service to be a
“specified employee” under Section 409A of the Code; and (iii) at the time of Executive’s separation from
service the Company is publicly traded (as defined in Section 409A of Code), then such payments (other than any payments
permitted by Section 409A of the Code to be paid within six (6) months of Executive’s separation from service) shall
not be made until the earlier of (x) the first day of the seventh month following Executive’s separation from service
or (y) the date of Executive’s death following such separation from service. Upon the expiration of the applicable
deferral period described in the immediately preceding sentence, any payments which would have otherwise been made during
that period (whether in a single sum or in installments) in the absence of this Section 11 shall be paid to Executive or
Executive’s beneficiary in one lump sum, plus interest thereon at the Delayed Payment Interest Rate computed from the
date on which each such delayed payment otherwise would have been made to Executive until the date of payment. For purposes
of the foregoing, the “Delayed Payment Interest Rate” shall mean the national average annual rate
of interest payable on jumbo six-month bank certificates of deposit, as quoted in the business section of the most recently
published Sunday edition of The New York Times preceding Executive’s separation from service.

 

(b)
To the extent any benefits provided under Sections 5 (b) or (f) above are otherwise taxable to Executive, such benefits
shall, for purposes of Section 409A of the Code, be provided as separate in-kind payments of those benefits, and the
provision of in-kind benefits during one calendar year shall not affect the in-kind benefits to be provided in any other
calendar year.

 

(c)
In the case of any amounts payable to Executive under this Agreement, or under any plan of the Company, that may be treated
as payable in the form of “a series of installment payments,” as defined in Treas. Reg.
§1.409A-2(b)(2)(iii), Executive’s right to receive such payments shall be treated as a right to receive a series
of separate payments for purposes of Treas. Reg. §1.409A-2(b)(2)(iii).

 

(d)
It is intended that this Agreement comply with or be exempt from the provisions of Section 409A of the Code and the Treasury
Regulations and guidance of general applicability issued thereunder, and in furtherance of this intent, this Agreement shall
be interpreted, operated, and administered in a manner consistent with such intent.

 

[Signature
Page Follows]

 

    	-15-

     

    

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first indicated above.

 

	 	THE COMPANY:
	 	 
	 	AYRO, Inc.
	 	 
	 	By:	/s/ Joshua Silverman
	 	Name:	Joshua Silverman
	 	Title:	Chairman of the Board of Directors

 

	 	EXECUTIVE:
	 	 
	 	/s/
    Rodney Keller
	 	Rodney Keller

 

[Signature
Page to Rodney Keller’s Employment Agreement]

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