Document:

Exhibit 4.1

 

THE REGISTERED HOLDER OF THIS PURCHASE WARRANT BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER
OR ASSIGN THIS PURCHASE WARRANT EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE WARRANT AGREES THAT IT WILL
NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE WARRANT FOR A PERIOD OF ONE HUNDRED EIGHTY DAYS FOLLOWING THE
COMMENCEMENT DATE (DEFINED BELOW) TO ANYONE OTHER THAN A BONA FIDE OFFICER OR PARTNER OF YA II PN LTD.

 

THIS PURCHASE WARRANT IS NOT EXERCISABLE
PRIOR TO June 8, 2017. VOID AFTER 5:00 P.M., EASTERN TIME, June 8, 2022.

 

YAII-4

 

COMMON STOCK PURCHASE WARRANT

 

For the Purchase of 90,000 Shares
of Common Stock

 

of

 

MICRONET ENERTEC TECHNOLOGIES, INC.

 

1.           Purchase
Warrant.  THIS CERTIFIES THAT, in consideration of funds duly paid by or on behalf of YA II PN, LTD. (“Holder”
or “YA II”), as registered owner of this Purchase Warrant, to Micronet Enertec Technologies, Inc., a Delaware
corporation (the “Company”), Holder is entitled, at any time or from time to time from June 8, 2017 (the “Commencement
Date”), and at or before 5:00 p.m., Eastern time, June 8, 2022 (the “Expiration Date”), but not thereafter,
to subscribe for, purchase and receive, in whole or in part, up to 90,000 shares of common stock of the Company, par value $0.001
per share (the “Shares”), subject to adjustment as provided in Section 6 hereof. If the Expiration Date is
a day on which banking institutions are authorized by law to close, then this Purchase Warrant may be exercised on the next succeeding
day which is not such a day in accordance with the terms herein. During the period ending on the Expiration Date, the Company
agrees not to take any action that would terminate the Purchase Warrant. This Purchase Warrant is initially exercisable at $2.00
per Share; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted
by this Purchase Warrant, including the exercise price per Share and the number of Shares to be received upon such exercise, shall
be adjusted as therein specified. The term “Exercise Price” shall mean the initial exercise price or the adjusted
exercise price, depending on the context.

 

     

     

    

 

2.           Exercise. 

 

2.1       Exercise
Form.  In order to exercise this Purchase Warrant, the exercise form attached hereto must be duly executed and completed
and delivered to the Company, together with this Purchase Warrant and payment of the Exercise Price for the Shares being
purchased payable in cash by wire transfer of immediately available funds to an account designated by the Company or by
certified check or official bank check. If the subscription rights represented hereby shall not be exercised at or before
5:00 p.m., Eastern time, on the Expiration Date, this Purchase Warrant shall become and be void without further force or
effect, and all rights represented hereby shall cease and expire.

 

2.2       Cashless
Exercise.  If at any time after the Commencement Date there is no effective registration statement registering, or no
current prospectus available for, the resale of the Shares by the Holder, then in lieu of exercising this Purchase Warrant by
payment of cash or check payable to the order of the Company pursuant to Section 2.1 above, Holder may elect to receive the
number of Shares equal to the value of this Purchase Warrant (or the portion thereof being exercised), by surrender of this
Purchase Warrant to the Company, together with the exercise form attached hereto, in which event the issue to Holder, Shares
in accordance with the following formula:

 

X = Y(A-B) / A

 

Where, X = The number of Shares to be issued to Holder;

 

	 	Y	=	The number of Shares for which the Purchase Warrant is being exercised;

	 	A	=	The fair market value of one Share; and

	 	B	=	The Exercise Price.

 

For purposes of this Section 2.2, the fair market value
of a Share is defined as follows:

 

(i)         if the Company’s common stock is traded on a securities exchange, the value shall be deemed to be the closing price on such
exchange prior to the exercise form being submitted in connection with the exercise of the Purchase Warrant; or

 

(ii)        if the Company’s common stock is actively traded over-the-counter, the value shall be deemed to be the closing bid prior
to the exercise form being submitted in connection with the exercise of the Purchase Warrant;

 

(iii)       if there is no active public market, the value shall be the fair market value thereof, as determined in good faith by the Company’s
Board of Directors.

 

2.3 Legend.
Each certificate for the securities purchased under this Purchase Warrant shall bear a legend as follows unless such securities
have been registered under the Securities Act of 1933, as amended (the “Securities Act”):

 

“The securities
represented by this certificate have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”), or applicable state law. Neither the securities nor any interest therein may be offered for sale, sold or otherwise
transferred except pursuant to an effective registration statement under the Securities Act, or pursuant to an exemption from
registration under the Securities Act and applicable state law which, in the opinion of counsel to the Company, is available.”

 

    	 	2	 

     

    

 

3.           Transfer. 

 

3.1       General
Restrictions.  The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such
Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty
(180) days following the Commencement Date to anyone other than a bona fide officer or partner of the Holder, in each case in
accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be
the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic
disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). On and
after 180 days after the Commencement Date, transfers to others may be made subject to compliance with or exemptions from
applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment
form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer taxes, if
any, payable in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant on the
books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the
appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or
such portion of such number as shall be contemplated by any such assignment.

 

3.2        Restrictions
Imposed by the Securities Act. The securities evidenced by this Purchase Warrant shall not be transferred unless and until:
(i) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption
from registration under the Securities Act and applicable state securities laws, the availability of which is established to the
reasonable satisfaction of the Company, or (ii) a registration statement or a post-effective amendment to the registration statement
relating to the offer and sale of such securities has been filed by the Company and declared effective by the U.S. Securities
and Exchange Commission (the “Commission”)
and compliance with applicable state securities law has been established.

 

4.           Registration Rights. 

 

4.1        Demand Registration. 

 

4.1.1 Grant
of Right.  The Company, upon written demand (a “Demand Notice”) of the Holder(s) of at least 51% of
the Purchase Warrants and/or the underlying Shares (“Majority Holders”), agrees to register, on one
occasion, all or any portion of the Shares underlying the Purchase Warrants (collectively, the “Registrable
Securities”). On such occasion, the Company will file a registration statement with the Commission covering the
Registrable Securities within sixty (60) days after receipt of a Demand Notice and use its reasonable best efforts to have
the registration statement declared effective promptly thereafter, subject to compliance with review by the Commission; provided,
however, that the Company shall not be required to comply with a Demand Notice if the Company has filed a registration
statement with respect to which the Holder is entitled to piggyback registration rights pursuant to Section 4.2 hereof and
either: (i) the Holder has elected to participate in the offering covered by such registration statement or (ii) if such
registration statement relates to an underwritten primary offering of securities of the Company, until the offering covered
by such registration statement has been withdrawn or until thirty (30) days after such offering is consummated. The demand
for registration may be made at any time during a period of four (4) years beginning one (1) year after the Commencement
Date. The Company covenants and agrees to give written notice of its receipt of any Demand Notice by any Holder(s) to all
other registered Holders of the Purchase Warrants and/or the Registrable Securities within ten (10) days after the date of
the receipt of any such Demand Notice.

 

    	 	3	 

     

    

 

4.1.2 Terms.
The Company shall bear all fees and expenses attendant to the registration of the Registrable Securities pursuant to Section 4.1.1,
but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Holders to
represent them in connection with the sale of the Registrable Securities. The Company agrees to use its reasonable best efforts
to cause the filing required herein to become effective promptly and to qualify or register the Registrable Securities in such
States as are reasonably requested by the Holder(s); provided, however, that in no event shall the Company be required to
register the Registrable Securities in a State in which such registration would cause: (i) the Company to be obligated to register
or license to do business in such State or submit to general service of process in such State, or (ii) the principal shareholders
of the Company to be obligated to escrow their shares of capital stock of the Company. The Company shall cause any registration
statement filed pursuant to the demand right granted under Section 4.1.1 to remain effective for a period of at least twelve (12)
consecutive months after the date that the Holders of the Registrable Securities covered by such registration statement are first
given the opportunity to sell all of such securities. The Holders shall only use the prospectuses provided by the Company to sell
the shares covered by such registration statement, and will immediately cease to use any prospectus furnished by the Company if
the Company advises the Holder that such prospectus may no longer be used due to a material misstatement or omission. Notwithstanding
the provisions of this Section 4.1.2, the Holder shall be entitled to a demand registration under this Section 4.1.2 on only one
(1) occasion and such demand registration right shall terminate on the fifth anniversary of the effectiveness of the registration
statement in accordance with FINRA Rule 5110(f)(2)(H)(iv).

 

4.2        “Piggy-Back” Registration. 

 

4.2.1 Grant
of Right.  In addition to the demand right of registration described in Section 4.1 hereof, the Holder shall have the
right, for a period of no more than seven (7) years from the date of effectiveness of the registration statement in
accordance with FINRA Rule 5110(f)(2)(H)(v), to include the Registrable Securities as part of any other registration of
securities filed by the Company (other than in connection with a transaction contemplated by Rule 145 (a) promulgated under
the Securities Act or pursuant to Form S-8 or any equivalent form); provided, however, that if, solely in connection
with any primary underwritten public offering for the account of the Company, the managing underwriter(s) thereof shall, in
its reasonable discretion, impose a limitation on the number of shares of Common Stock which may be included in the
registration statement because, in such underwriter(s)’ judgment, marketing or other factors dictate such limitation is
necessary to facilitate public distribution, then the Company shall be obligated to include in such registration statement
only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion hereunder as the
underwriter shall reasonably permit. Any exclusion of Registrable Securities shall be made pro rata among the Holders seeking
to include Registrable Securities in proportion to the number of Registrable Securities sought to be included by such
Holders; provided, however, that the Company shall not exclude any Registrable Securities unless the Company has first
excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such
registration statement or are not entitled to pro rata inclusion with the Registrable Securities.

 

    	 	4	 

     

    

 

4.2.2 Terms.
The Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant to Section 4.2.1 hereof,
but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the Holders to
represent them in connection with the sale of the Registrable Securities. In the event of such a proposed registration, the Company
shall furnish the then Holders of outstanding Registrable Securities with not less than thirty (30) days written notice prior to
the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for each registration
statement filed by the Company until such time as all of the Registrable Securities have been sold by the Holder. The holders of
the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written notice within
ten (10) days of the receipt of the Company’s notice of its intention to file a registration statement. Except as otherwise
provided in this Purchase Warrant, there shall be no limit on the number of times the Holder may request registration under this
Section 4.2.2; provided, however, that such registration rights shall terminate on the sixth anniversary of the Commencement
Date.

 

4.3        General Terms. 

 

4.3.1 Indemnification.
The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any registration statement hereunder
and each person, if any, who controls such Holders within the meaning of Section 15 of the Securities Act or Section 20(a) of
the Securities Exchange Act of 1934, as amended (“Exchange Act”), against all loss, claim, damage, expense
or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing
or defending against any claim whatsoever) to which any of them may become subject under the Securities Act, the Exchange Act
or otherwise, arising from such registration statement but only to the same extent and with the same effect as the provisions
pursuant to which the Company has agreed to indemnify YA II contained in Section 5.1 of the Standby Equity Distribution Agreement
between YA II and the Company, dated as of June 30, 2016. The Holder(s) of the Registrable Securities to be sold pursuant to such
registration statement, and their successors and assigns, shall severally, and not jointly, indemnify the Company, against all
loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred
in investigating, preparing or defending against any claim whatsoever) to which they may become subject under the Securities Act,
the Exchange Act or otherwise, arising from information furnished by or on behalf of such Holders, or their successors or assigns,
in writing, for specific inclusion in such registration statement to the same extent and with the same effect as the provisions
contained in Section 5.2 of the SEDA pursuant to which the Holder has agreed to indemnify the Company.

 

    	 	5	 

     

    

 

4.3.2 Exercise
of Purchase Warrants.  Nothing contained in this Purchase Warrant shall be construed as requiring the Holder(s) to exercise
their Purchase Warrants prior to or after the initial filing of any registration statement or the effectiveness thereof.

 

4.3.3 Documents
Delivered to Holders.  The Company shall furnish to each Holder participating in any of the foregoing offerings and to each
underwriter of any such offering, if any, a signed counterpart, addressed to such Holder or underwriter, of: (i) an opinion of
counsel to the Company, dated the effective date of such registration statement (and, if such registration includes an underwritten
public offering, an opinion dated the date of the closing under any underwriting agreement related thereto), and (ii) a “cold
comfort” letter dated the effective date of such registration statement (and, if such registration includes an underwritten
public offering, a letter dated the date of the closing under the underwriting agreement) signed by the independent registered
public accounting firm which has issued a report on the Company’s financial statements included in such registration statement,
in each case covering substantially the same matters with respect to such registration statement (and the prospectus included therein)
and, in the case of such accountants’ letter, with respect to events subsequent to the date of such financial statements,
as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in
underwritten public offerings of securities. The Company shall also deliver promptly to each Holder participating in the offering
requesting the correspondence and memoranda described below and to the managing underwriter, if any, copies of all correspondence
between the Commission and the Company, its counsel or auditors and all memoranda relating to discussions with the Commission or
its staff with respect to the registration statement and permit each Holder and underwriter to do such investigation, upon reasonable
advance notice, with respect to information contained in or omitted from the registration statement as it deems reasonably necessary
to comply with applicable securities laws or rules of FINRA. Such investigation shall include access to books, records and properties
and opportunities to discuss the business of the Company with its officers and independent auditors, all to such reasonable extent
and at such reasonable times as any such Holder shall reasonably request.

 

4.3.4 Underwriting
Agreement.  The Company shall enter into an underwriting agreement with the managing underwriter(s), if any, selected by any
Holders whose Registrable Securities are being registered pursuant to this Section 4, which managing underwriter(s) shall be reasonably
satisfactory to the Company. Such agreement shall be reasonably satisfactory in form and substance to the Company, each Holder
and such managing underwriter(s), and shall contain such representations, warranties and covenants by the Company and such other
terms as are customarily contained in agreements of that type used by the managing underwriter(s). The Holders shall be parties
to any underwriting agreement relating to an underwritten sale of their Registrable Securities and may, at their option, require
that any or all the representations, warranties and covenants of the Company to or for the benefit of such underwriters shall also
be made to and for the benefit of such Holders. Such Holders shall not be required to make any representations or warranties to
or agreements with the Company or the underwriters except as they may relate to such Holders, their Shares and their intended methods
of distribution.

 

    	 	6	 

     

    

 

4.3.5 Documents
to be Delivered by Holder(s).  Each of the Holder(s) participating in any of the foregoing offerings shall furnish to the Company
a completed and executed questionnaire provided by the Company requesting information customarily sought of selling security holders.

 

4.3.6 Damages.
Should the registration or the effectiveness thereof required by Sections 4.1 and 4.2 hereof be delayed by the Company or the Company
otherwise fails to comply with such provisions, the Holder(s) shall, in addition to any other legal or other relief available to
the Holder(s), be entitled to obtain specific performance or other equitable (including injunctive) relief against the threatened
breach of such provisions or the continuation of any such breach, without the necessity of proving actual damages and without the
necessity of posting bond or other security.

 

5.           New Purchase Warrants to be Issued. 

 

5.1        Partial
Exercise or Transfer.  Subject to the restrictions in Section 3 hereof, this Purchase Warrant may be exercised or assigned
in whole or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Purchase Warrant
for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price
and/or transfer tax if exercised pursuant to Section 2.1 hereto, the Company shall cause to be delivered to the Holder
without charge a new Purchase Warrant of like tenor to this Purchase Warrant in the name of the Holder evidencing the right
of the Holder to purchase the number of Shares purchasable hereunder as to which this Purchase Warrant has not been exercised
or assigned.

 

5.2       Lost
Certificate.  Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of
this Purchase Warrant and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and
deliver a new Purchase Warrant of like tenor and date. Any such new Purchase Warrant executed and delivered as a result of
such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the
Company.

 

6.           Adjustments. 

 

6.1       Adjustments
to Exercise Price and Number of Securities.  The Exercise Price and the number of Shares underlying the Purchase Warrant shall
be subject to adjustment from time to time as hereinafter set forth:

 

6.1.1 Share
Dividends; Split Ups.  If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding
Shares is increased by a stock dividend payable in Shares or by a split up of Shares or other similar event, then, on the effective
day thereof, the number of Shares purchasable hereunder shall be increased in proportion to such increase in outstanding Shares,
and the Exercise Price shall be proportionately decreased.

 

    	 	7	 

     

    

 

6.1.2 Aggregation
of Shares.  If, after the date hereof, and subject to the provisions of Section 6.3 below, the number of
outstanding Shares is decreased by a consolidation, combination or reclassification of Shares or other similar event, then,
on the effective date thereof, the number of Shares purchasable hereunder shall be decreased in proportion to such decrease
in outstanding Shares, and the Exercise Price shall be proportionately increased.

 

6.1.3 Replacement
of Securities upon Reorganization, etc.  In case of any reclassification or reorganization of the outstanding Shares
other than a change covered by Section 6.1.1 or 6.1.2 hereof or that solely affects the par value of such Shares, or in the
case of any share reconstruction or amalgamation or consolidation of the Company with or into another corporation (other than
a consolidation or share reconstruction or amalgamation in which the Company is the continuing corporation and that does
not result in any reclassification or reorganization of the outstanding Shares), or in the case of any sale or conveyance
to another corporation or entity of the property of the Company as an entirety or substantially as an entirety in
connection with which the Company is dissolved, the Holder of this Purchase Warrant shall have the right thereafter (until
the expiration of the right of exercise of this Purchase Warrant) to receive upon the exercise hereof, for the same
aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount of shares of stock or other
securities or property (including cash) receivable upon such reclassification, reorganization, share reconstruction or
amalgamation, or consolidation, or upon a dissolution following any such sale or transfer, by a Holder of the number of
Shares of the Company obtainable upon exercise of this Purchase Warrant immediately prior to such event; and if any
reclassification also results in a change in Shares covered by Section 6.1.1 or 6.1.2, then such adjustment shall be made
pursuant to Sections 6.1.1, 6.1.2 and this Section 6.1.3. The provisions of this Section 6.1.3 shall similarly apply to
successive reclassifications, reorganizations, share reconstructions or amalgamations, or consolidations, sales or other
transfers.

 

6.1.4 Changes
in Form of Purchase Warrant.  This form of Purchase Warrant need not be changed because of any change pursuant to this Section
6.1, and Purchase Warrants issued after such change may state the same Exercise Price and the same number of Shares as are stated
in the Purchase Warrants initially issued pursuant to this Agreement. The acceptance by any Holder of the issuance of new Purchase
Warrants reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the
Commencement Date or the computation thereof.

 

6.2         Substitute
Purchase Warrant.  In case of any consolidation of the Company with, or share reconstruction or amalgamation of the
Company with or into, another corporation (other than a consolidation or share reconstruction or amalgamation which does not
result in any reclassification or change of the outstanding Shares), the corporation formed by such consolidation or share
reconstruction or amalgamation shall execute and deliver to the Holder a supplemental Purchase Warrant providing that the
holder of each Purchase Warrant then outstanding or to be outstanding shall have the right thereafter (until the stated
expiration of such Purchase Warrant) to receive, upon exercise of such Purchase Warrant, the kind and amount of shares of
stock and other securities and property receivable upon such consolidation or share reconstruction or amalgamation, by a
holder of the number of Shares of the Company for which such Purchase Warrant might have been exercised immediately prior to
such consolidation, share reconstruction or amalgamation, sale or transfer. Such supplemental Purchase Warrant shall provide
for adjustments which shall be identical to the adjustments provided for in this Section 6. The above provision of this
Section shall similarly apply to successive consolidations or share reconstructions or amalgamations.

 

    	 	8	 

     

    

 

6.3         Elimination
of Fractional Interests.  The Company shall not be required to issue certificates representing fractions of Shares upon the
exercise of the Purchase Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests, it being
the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up or down, as the case may
be, to the nearest whole number of Shares or other securities, properties or rights.

 

7.           Reservation
and Listing.  The Company shall at all times reserve and keep available out of its authorized Shares, solely for the
purpose of issuance upon exercise of the Purchase Warrants, such number of Shares or other securities, properties or
rights as shall be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Purchase
Warrants and payment of the Exercise Price therefor, in accordance with the terms hereby, all Shares and other securities
issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive
rights of any shareholder. As long as the Purchase Warrants shall be outstanding, the Company shall use its commercially
reasonable efforts to cause all Shares issuable upon exercise of the Purchase Warrants to be listed (subject to official
notice of issuance) on all national securities exchanges (or, if applicable, on the OTC Bulletin Board or any successor
trading market) on which the Shares issued to the public in the Offering may then be listed and/or quoted.

 

8.           Certain Notice Requirements. 

 

8.1       Holder’s
Right to Receive Notice.  Nothing herein shall be construed as conferring upon the Holders the right to vote or consent or
to receive notice as a shareholder for the election of directors or any other matter, or as having any rights whatsoever as a
shareholder of the Company. If, however, at any time prior to the expiration of the Purchase Warrants and their exercise, any
of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company shall give written
notice of such event at least fifteen days prior to the date fixed as a record date or the date of closing the transfer books
for the determination of the shareholders entitled to such dividend, distribution, conversion or exchange of securities or
subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall
specify such record date or the date of the closing of the transfer books, as the case may be. Notwithstanding the foregoing,
the Company shall deliver to each Holder a copy of each notice given to the shareholders of the Company at the same time and
in the same manner that such notice is given to the shareholders.

 

8.2       Events
Requiring Notice.  The Company shall be required to give the notice described in this Section 8 upon one or more of the
following events: (i) if the Company shall take a record of the holders of its Shares for the purpose of entitling them to
receive a dividend or distribution payable otherwise than in cash, or a cash dividend or distribution payable otherwise than
out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the
Company, (ii) the Company shall offer to all the holders of its Shares any additional shares of capital stock of the Company
or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to
subscribe therefor, or (iii) a dissolution, liquidation or winding up of the Company (other than in connection with a
consolidation or share reconstruction or amalgamation) or a sale of all or substantially all of its property, assets and
business shall be proposed.

 

    	 	9	 

     

    

 

8.3       Notice
of Change in Exercise Price.  The Company shall, promptly after an event requiring a change in the Exercise Price pursuant
to Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price
Notice shall describe the event causing the change and the method of calculating same and shall be certified as being true
and accurate by the Company’s Chief Financial Officer.

 

8.4       Transmittal
of Notices.  All notices, requests, consents and other communications under this Purchase Warrant shall be in writing and
shall be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (i) if to
the registered Holder of the Purchase Warrant, to the address of such Holder as shown on the books of the Company, or (ii) if
to the Company, to the following address or to such other address as the Company may designate by notice to the Holders:

 

If
to the Holder:

 

YA
II PN LTD.

1012
Springfield Avenue

Mountainside, NJ 07093

Telephone: 201-985-8300

Email: mangelo@yorkvilleadvisors.com

Attn:
Mark Angelo

 

with
a copy (which shall not constitute notice) to:

 

David
Gonzalez, Esq.

1012
Springfield Avenue

Mountainside,
NJ 07093

Email:
dgonzalez@yorkvilleadvisors.com

 

If
to the Company:

 

Micronet
Enertec Technologies, Inc.

28
West Grand avenue

Montvale
, New Jersey 07645

Fax
No: +(972) 3-533-5129, Email: david@micronet-enertec.com

Attention:
David Lucatz, President and Chief Executive Officer

 

with a copy (which shall not constitute notice) to:

 

Zysman
Aharoni Gayer and Sullivan & Worcester LLP

1663
Broadway

New
York New York 10019

Attn:
Oded Har Even, esq.

Fax
No.: (212) 660 – 5002, Email: ohareven@zag-sw.com

 

    	 	10	 

     

    

 

9.           Miscellaneous. 

 

9.1       Amendments.
The Company and the YA II may from time to time supplement or amend this Purchase Warrant without the approval of any of other
holders in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or inconsistent
with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the
Company and YA II may deem necessary or desirable and that the Company and YA II deem shall not adversely affect the interest
of the any other holders. All other modifications or amendments shall require the written consent of and be signed by the party
against whom enforcement of the modification or amendment is sought.

 

9.2       Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Purchase Warrant.

 

9.3.       Entire
Agreement.  This Purchase Warrant (together with the other agreements and documents being delivered pursuant to or in connection
with this Purchase Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and
supersedes all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

9.4       Binding
Effect.  This Purchase Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company
and their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be
construed to have any legal or equitable right, remedy or claim under or in respect of or by virtue of this Purchase Warrant
or any provisions herein contained.

 

9.5       Governing
Law; Submission to Jurisdiction; Trial by Jury.  This Purchase Warrant shall be governed by and construed and enforced in
accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof to the extent
that the general application of the laws of another jurisdiction would be required thereby. The Company hereby agrees that
any action, proceeding or claim against it arising out of, or relating in any way to this Purchase Warrant shall be brought
and enforced in the New York Supreme Court, County of New York, or in the United States District Court for the Southern
District of New York, and irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive. The Company hereby
waives any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. Any process or
summons to be served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return
receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be
deemed personal service and shall be legal and binding upon the Company in any action, proceeding or claim.

 

    	 	11	 

     

    

 

The Company and the Holder agree
that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its reasonable
attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor.
The Company (on its behalf and, to the extent permitted by applicable law, on behalf of its stockholders and affiliates) and the
Holder hereby irrevocably waive, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal
proceeding arising out of or relating to this Agreement or the transactions contemplated hereby.

 

9.6       Waiver,
etc.  The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Warrant shall
not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase
Warrant or any provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of
this Purchase Warrant. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase
Warrant shall be effective unless set forth in a written instrument executed by the party or parties against whom or which
enforcement of such waiver is sought; and no waiver of any such breach, non-compliance or non-fulfillment shall be construed
or deemed to be a waiver of any other or subsequent breach, non-compliance or non-fulfillment.

 

9.7       Execution
in Counterparts.  This Purchase Warrant may be executed in one or more counterparts, and by the different parties hereto
in separate counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute
one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties
hereto and delivered to each of the other parties hereto. Such counterparts may be delivered by facsimile transmission or
other electronic transmission.

 

9.8       Exchange
Agreement.  As a condition of the Holder’s receipt and acceptance of this Purchase Warrant, Holder agrees that, at
any time prior to the complete exercise of this Purchase Warrant by Holder, if the Company and YA II enter into an agreement
(“Exchange Agreement”) pursuant to which they agree that all outstanding Purchase Warrants will be
exchanged for securities or cash or a combination of both, then all other holders shall agree to such exchange and become a
party to the Exchange Agreement.

 

9.9       Limitation
on Beneficial Ownership.  Notwithstanding anything to the contrary contained herein, the Company shall not effect the
exercise of any portion of this Warrant, and the Holder shall not have the right to exercise any portion of this Warrant,
pursuant to the terms and conditions of this Warrant and any such exercise shall be null and void and treated as if never
made, to the extent that after giving effect to such exercise, the Holder together with the any affiliates of the Holder
collectively would beneficially own in excess of 4.99% (the “Maximum Percentage”) of the number of Shares
outstanding immediately after giving effect to such exercise. For purposes of this, beneficial ownership shall be calculated
in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
For purposes of this Warrant, in determining the number of Shares the Holder may acquire upon the exercise of this Warrant
without exceeding the Maximum Percentage, the Holder may rely on the number of Shares as reflected in (x) the Company’s most
recent Annual Report on Form 10-K, Current Report on Form 8-K or other public filing with the Commission, as the case may be,
(y) a more recent public announcement by the Company or (z) any other written notice by the Company or its transfer agent
setting forth the number of Shares outstanding (the “Reported Outstanding Share Number”). In any case, the
number of outstanding Shares shall be determined after giving effect to the conversion or exercise of securities of the
Company, including this Warrant, by the Holder since the date as of which the Reported Outstanding Share Number was reported.
Upon delivery of a written notice to the Company, the Holder may from time to time increase (with such increase not effective
until the sixty-first (61st) day after delivery of such notice) or decrease the Maximum Percentage to any other percentage
not in excess of 9.99% as specified in such notice; provided that (i) any such increase in the Maximum Percentage will not be
effective until the sixty-first (61st) day after such notice is delivered to the Company and (ii) any such increase or
decrease will apply only to the Holder and the other affiliates and not to any other holder Warrants that is not an affiliate
of the Holder. The limitation contained in this paragraph may not be waived except as expressly set forth herein and shall
apply to a successor holder of this Warrant.

 

    	 	12	 

     

    

 

IN WITNESS WHEREOF, the Company has caused this Purchase
Warrant to be signed by its duly authorized officer as of the 8th day of June, 2017. 

 

	MICRONET ENERTEC TECHNOLOGIES, INC.	 
	 	 	 
	By:	/s/
    David Lucatz	 
	Name:	David
    Lucatz	 
	Title:	President
    and Chief Executive Officer	 

 

    	 	13	 

     

    

 

[Form to be used to exercise
Purchase Warrant]

 

Date:                     20

 

The undersigned hereby elects irrevocably
to exercise the Purchase Warrant for shares of common stock, par value $0.001 per share (the “Shares”), of Micronet
Enertec Technologies, Inc., a Delaware corporation (the “Company”), and hereby makes payment of $ (at the rate
of $ per Share) in payment of the Exercise Price pursuant thereto. Please issue the Shares as to which this Purchase Warrant is
exercised in accordance with the instructions given below and, if applicable, a new Purchase Warrant representing the number of
Shares for which this Purchase Warrant has not been exercised.

 

or

 

The undersigned hereby elects irrevocably
to convert its right to purchase

 

 

 

	 	X
    =	Y(A-B)

             A

	Where,	X=	The
        number of Shares to be issued to Holder;

	 	 	 
	 	Y=	The
        number of Shares for which the Purchase Warrantis being exercised;

	 	 	 
	 	A
    =	The
    fair market value of one Share; and
	 	 	 
	 	B
    =	The
    Exercise Price which is equal to $ per share

  

The undersigned
agrees and acknowledges that the calculation set forth above is subject to confirmation by the Company and any disagreement with
respect to the calculation shall be resolved by the Company in its sole discretion.

 

Please issue
the Shares as to which this Purchase Warrant is exercised in accordance with the instructions given below and, if applicable,
a new Purchase Warrant representing the number of Shares for which this Purchase Warrant has not been converted.

 

Signature

 

INSTRUCTIONS FOR REGISTRATION OF SECURITIES

 

	Name:	        	 
	 	(Print in Block Letters)	 

 

Address:

 

 

  

NOTICE: The
signature to this form must correspond with the name as written upon the face of the Purchase Warrant without alteration or enlargement
or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust company or by a firm having
membership on a registered national securities exchange.

 

 

    	 	14	 

     

    

 

ASSIGNMENT

 

(To be executed by the registered Holder to effect a
transfer of the within Purchase Warrant):

 

FOR VALUE RECEIVED, _______________________ does
hereby sell, assign and transfer unto the right to purchase shares of common stock, par value $0.001 per share, of Micronet
Enertec Technologies, Inc., a Delaware corporation (the “Company”), evidenced by the Purchase Warrant and
does hereby authorize the Company to transfer such right on the books of the Company.

 

Dated: ___________, 20

 

Signature

 

 

 

 

 

 

NOTICE: The signature to this form
must correspond with the name as written upon the face of the within Purchase Warrant without alteration or enlargement or any
change whatsoever.

 

 

 

15Exhibit 10.1

 

SUPPLEMENTAL
AGREEMENT

 

This
Supplemental Agreement (the “Agreement”), dated as of June 8, 2017, is entered into by and between YA II PN,
LTD., a Cayman Islands exempt limited partnership (the “Investor”), MICRONET ENERTEC TECHNOLOGIES, INC., a
corporation organized and existing under the laws of the State of Delaware (the “Company” or a “Borrower”),
and ENERTEC ELECTRONICS LTD., a corporation organized and existing under the laws of the State of Israel (“Enertec”
or a “Borrower” and collectively with the Company, the “Borrowers”).

 

BACKGROUND

 

	(A)	On
    June 30, 2016 the parties entered into a note purchase agreement (the “Original Purchase Agreement”) pursuant
    to which the Borrowers issued and sold to the Investor, and the Investor purchased from the Borrowers, a secured promissory
    note in an aggregate principal amount of $600,000 (as amended from time to time, the “Original Note”).
    Pursuant to the Original Note, the Borrowers shall make quarterly payments on each of (i) October 10, 2016, (ii) May 1, 20171,
    and (iii) September 1, 2017, and the Maturity Date of the Original Note is December 20, 2017.

 

	(B)	On
    October 28, 2016 the parties entered into a note purchase agreement (the “Second Purchase Agreement”) pursuant
    to which the Borrowers issued and sold to the Investor, and the Investor purchased from the Borrowers, a secured promissory
    note in an aggregate principal amount of $500,000 (as amended from time to time, the “Second Note”). Pursuant
    to the Second Note, the Borrowers shall make quarterly payments on each of (i) May 1, 20172, and (ii) September
    1, 2017, and the Maturity Date of the Second Note is December 20, 2017.

 

	(C)	On
    December 22, 2016 the parties entered into a supplemental agreement to the Second Purchase Agreement (the “First
    Supplemental Agreement”) pursuant to which the Borrowers issued and sold to the Investor, and the Investor purchased
    from the Borrowers, a secured promissory note in an aggregate principal amount of $1,000,000 (as amended from time to time,
    the “Third Note”). Pursuant to the Third Note, the Borrowers shall make all payments on the Maturity Date
    of the Third Note, which is December 20, 2017.

 

	(D)	In
    connection with the Original Note the parties entered in a pledge agreement and escrow deed on June 30, 2016 (collectively,
    the “Pledge Agreements”) pursuant to which Enertec provided a first priority lien and security interest
    over certain shares of Micronet Ltd. (“Micronet”) and deposited such pledged shares into a bank account
    in Israeli controlled by an escrow agent appointed by the parties pursuant to an escrow deed dated June 30, 2016 (the “Escrow
    Deed”). As of the date hereof, the number of Ordinary Shares of Micronet pledged as collateral security by Enertec
    in connection with both the Original Note, the Second Note, and the Third Note is 3,700,000 (the “Micronet Stock”
    and collectively, along with any such additional shares of Micronet Stock as pledged from time to time in accordance with
    Section 1(f) of the Second Purchase Agreement, collectively, the “Pledged Shares”).

 

	(E)	The
    parties desire to further supplement the Second Purchase Agreement in order to provide for an additional Closing of the issuance
    and sale of a new Note (as defined in the Second Purchase Agreement) in the principal amount of $600,000 on the terms and
    conditions set forth herein and make other modifications to the payment terms of the Original Note, the Second Note, and the
    Third Note as set forth herein.

 

 

	1	The October 10, 2016 and the May 1, 2017 payments have
been paid by the Borrowers.

	2	The May 1, 2017 payment has been paid by the Borrowers. 

     

     

    

 

AGREED
TERMS

 

	1.	Definitions and interpretation

 

	1.1	Capitalized
    terms not otherwise defined herein shall have the meanings set forth in the Original Purchase Agreement or the Second Purchase
    Agreement, as applicable.

 

	2.	Additional Closing

 

2.1
       Purchase of Note. The Investor shall purchase, and the Borrowers shall sell,
a Note in the aggregate principal amount of $600,000, which shall be purchased for 100% of the face amount of the Note issued
and sold. This Closing of the purchase and sale of this Note (the “Third Closing”) shall occur in one tranche
as soon as possible after the first date that all the conditions precedent to the Closing set forth in Section 1(e) of the Second
Purchase Agreement have been satisfied (or such other date as may be agreed upon by the parties) (the “Third Closing
Date”), subject to the satisfaction of all the conditions precedent set forth therein and herein.

 

2.2
       Form of Payment. Subject to the satisfaction of the terms and conditions of the
Second Purchase Agreement as supplemented by this Agreement, on the Third Closing Date (i) the Investor shall deliver to the Borrowers
as set forth herein the principal amount of the Note to be issued and sold to the Investor on such Closing, and (ii) the Borrowers
shall deliver to the Investor, the Note duly executed on behalf of the Borrowers in the principal amount so purchased. The Note
issued to the Investor at the Third Closing shall be in the form of Exhibit A attached hereto with a maturity date of December
31, 2018.

 

2.3
       Warrants. In connection with the Third Closing the Company shall grant to the
Investor a warrant in the form of Exhibit B attached to the Second Purchase Agreement to purchase 90,000 shares of common
stock of the Company at an exercise price of $2.00 per share and a term of 5 years from the date of issuance

 

2.4        Fees.
In connection with the Third Closing, the Borrowers shall pay to YA Global II SPV LLC (as designee of the Investor) a commitment
fee in the amount equal to $25,000. In addition, the parties agree that in consideration of the agreements of the Investor set
forth herein, including the agreements of the Investor to defer the repayments under the First Note, Second Note, and Third Note,
the remaining $50,000 commitment fee described in Section 2.4 of the First Supplemental Agreement shall be accelerated and due
and payable on the date hereof and paid in cash.

 

2.5        Conditions
Precedent to the Third Closing. The obligation of the Investor hereunder to purchase the Note at the Third Closing is subject
to the satisfaction, at or before the Third Closing Date, of each of the conditions precedent set forth in Section 1(e) of the
Second Purchase Agreement, provided that these conditions are for the Investor’s sole benefit and may be waived by the Investor
at any time in its sole discretion.

 

    	 	2	 

     

    

 

	3.	Modifications to Original Note, the Second Note,
and the Third Note. 

 

3.1        Modifications
to the Original Note. The Maturity Date of the Original Note shall be amended to December 31, 2017. In addition Section (c)
of the Original Note shall be deleted in its entirety and replaced with the following:

 

1(c)
Payments of Principal and Interest. On each of (i) October 10, 2016, (ii) May 1, 20173, (iii) September 30, 2017,
and (iv) December 31, 2017 (each such date, a “Payment Due Date”), the Borrowers shall make a payment to the
Holder in the amount of $150,000 of Principal plus all accrued and unpaid Interest outstanding under this Note as of such payment
date by wire transfer of immediately available funds to the account listed on Schedule I hereto (or to any other account specified
by the Holder to the Borrowers in writing) to be received on or before such Payment Due Date.

 

3.2        Modifications
to the Second Note. The Maturity Date of the Second Note shall be amended to March 31, 2018. In addition Section (c) of the
Second Note shall be deleted in its entirety and replaced with the following:

 

1(c)
Payments of Principal and Interest. (i) On May 1, 2017 the Borrowers shall make a payment to the Holder in the amount of $150,000
of Principal plus all accrued and unpaid Interest outstanding under this Note as of such payment date4, (ii) on September
30, 2017 the Borrowers shall make a payment to the Holder in the amount of $100,000 of Principal plus all accrued and unpaid Interest
outstanding under this Note as of such payment date, (iii) on December 31, 2017 the Borrowers shall make a payment to the Holder
in the amount of $150,000 of Principal plus all accrued and unpaid Interest outstanding under this Note as of such payment date,
and (iv) on March 31, 2018 the Borrowers shall make a payment to the Holder in the amount of $100,000 of Principal plus all accrued
and unpaid Interest outstanding under this Note as of such payment date (each such date, a “Payment Due Date) by
wire transfer of immediately available funds to the account listed on Schedule I hereto (or to any other account specified by
the Holder to the Borrowers in writing) to be received on or before such Payment Due Date.

 

 

	3	For
    the avoidance of doubt, the October 10, 2016 and May 1, 2017 payments has been paid by the Borrowers.

	4	For
    the avoidance of doubt, the May 1, 2016 payment has been paid by the Borrowers.

 

    	 	3	 

     

    

 

3.3
       Modifications to the Third Note. The Maturity Date of the Third Note shall be
amended to September 30, 2018. In addition Section (c) of the Third Note shall be deleted in its entirety and replaced with the
following:

 

1(c)
Payments of Principal and Interest. (i) On March 31, 2018 the Borrowers shall make a payment to the Holder in the amount of
$300,000 of Principal plus all accrued and unpaid Interest outstanding under this Note as of such payment date, (ii) on June 30,
2018 the Borrowers shall make a payment to the Holder in the amount of $400,000 of Principal plus all accrued and unpaid Interest
outstanding under this Note as of such payment date, and (iii) on September 30, 2018 the Borrowers shall make a payment to the
Holder in the amount of $300,000 of Principal plus all accrued and unpaid Interest outstanding under this Note as of such payment
date, (each such date, a “Payment Due Date) by wire transfer of immediately available funds to the account listed
on Schedule I hereto (or to any other account specified by the Holder to the Borrowers in writing) to be received on or before
such Payment Due Date.

 

3.4        For
the sake of clarity, the chart below shall summarize the required Principal payments on all the Notes as modified herein:

 

	 	Repayment Date	 	Principal Repayment	 	 	TOTAL	 
	 	 	 	MICT LN1	 	 	MICT LN2	 	 	MICT LN3	 	 	MICT LN4	 	 	 	 
	 	September 30, 2017	 	 	150,000.00	 	 	 	100,000.00	 	 	 	-	 	 	 	-	 	 	$	250,000.00	 
	 	December 31, 2017	 	 	150,000.00	 	 	 	150,000.00	 	 	 	-	 	 	 	-	 	 	$	300,000.00	 
	 	March 31, 2018	 	 	-	 	 	 	100,000.00	 	 	 	300,000.00	 	 	 	-	 	 	$	400,000.00	 
	 	June 30, 2018	 	 	-	 	 	 	-	 	 	 	400,000.00	 	 	 	 	 	 	$	400,000.00	 
	 	September 30, 2018	 	 	 	 	 	 	 	 	 	 	300,000.00	 	 	 	100,000.00	 	 	$	400,000.00	 
	 	December 31, 2018	 	 	 	 	 	 	 	 	 	 	 	 	 	 	500,000.00	 	 	$	500,000.00	 
	 	TOTALS	 	$	300,000.00	 	 	$	350,000.00	 	 	$	1,000,000.00	 	 	$	600,000.00	 	 	$	2,250,000.00	 

 

3.5        Consideration
for Modifications. As consideration for the modifications made to the Original Note, the Second Note, and the Third Note,
the Borrowers shall:

 

(i)
pay to YA Global II SPV LLC (as designee of the Investor) an extension fee in the amount equal to $25,000 in cash, which shall
be due and payable on the date hereof; and

 

(ii)
enter into warrant amendment agreements in the form set forth on Exhibit B attached hereto pursuant to which the warrant
exercise price of the warrants issued to the Investor shall be reduced to $2.00 per share.

 

	4.	Representations
    and warranties 

 

4.1       The
Borrowers represents and warrants to the Investor as of the date of this Agreement that:

 

	 	(a)	it
    has the requisite corporate power and authority to enter into this Agreement and to consummate the transactions contemplated
    by this Agreement;

 

	 	(b)	it
    has taken all necessary corporate actions to authorize the execution, delivery and performance of this Agreement and no further
    action is required by the Company, the Board of Directors or the Company’s stockholders in connection therewith;

 

	 	(c)	the
    obligations assumed by the Borrowers in this Agreement are legal, valid, and enforceable obligations binding on it in accordance
    with its terms; and

 

    	 	4	 

     

    

 

	5.	Counterparts and delivery

 

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 each other party, it being understood
that the 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.

 

	6.	Governing law

 

This
Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of New York, without
regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state
and federal courts sitting in the City of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the
state and federal courts sitting in the City of New York, Borough of Manhattan for the adjudication of any dispute hereunder or
in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees
not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court,
that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably
waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy
thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect
for notices to it under the Second Purchase Agreement and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 	5	 

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Supplemental Agreement to be signed by their duly authorized officers.

 

	 	MICRONET
    ENERTEC TECHNOLOGIES, INC.
	 	 	 
	 	By:   	/s/
    David Lucatz
	 	Name:	David
    Lucatz
	 	Title:	Chairman
    President and CEO
	 	 	 
	 	ENERTEC
    ELECTRONICS LTD
	 	 	 
	 	By:  	/s/
    Tali Dinar
	 	Name:	Tali
    Dinar
	 	Title:	CFO
    of Enertec Electronics Ltd.
	 	 
	 	INVESTOR:
    
	 	 
	 	YA
    II PN, LTD.
	 	 
	 	By:	Yorkville
    Advisors Global LP
	 	Its:	General
    Counsel
	 	 	By:	Yorkville
    Advisors Global LLC
	 	 	Its:	General
    Counsel
	 	 	 	 
	 	By:	/s/
    David Gonzalez
	 	Name:	David
    Gonzalez
	 	Title:	General
    Counsel

 

    	 	6	 

     

    

 

EXHIBIT
A

 

FORM
OF NOTE

 

 

 

 

     

     

    

 

EXHIBIT
B

 

FORM
WARRANT AMENDMENTS

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