Document:

Exhibit 10.33

 

 

 

PERSONAL
GUARANTY

 

This
PERSONAL GUARANTY (this “Agreement”), dated as of March 6, 2014, is made by and between DOUGLAS J. VON ALLMEN,
an individual residing in the State of Florida (the “Guarantor”), and LIQUID HOLDINGS GROUP, INC., a Delaware
corporation (the “Borrower”).

 

RECITALS

 

WHEREAS,
Borrower has entered into a Revolving Promissory Note, dated February 26, 2014, with Brian Ferdinand (“Ferdinand”)
as lender thereunder (as amended, amended and restated, supplemented or otherwise modified from time to time in accordance with
its provisions, the “Promissory Note”; capitalized terms used herein without definition shall have the meanings
ascribed thereto in the Promissory Note);

 

WHEREAS,
Guarantor is a substantial shareholder of Borrower and acknowledges that he will derive substantial direct and indirect benefits
from the transactions contemplated by the Promissory Note; and

 

WHEREAS,
Borrower has asked Guarantor to guarantee the funding of Loans made pursuant to the Commitment under the Promissory Note;

 

NOW,
THEREFORE, in consideration of the premises and for other good and valuable consideration the receipt and adequacy of which are
hereby acknowledged, the Guarantor hereby agrees as follows:

 

		1.	Guaranty.
                                         The Guarantor hereby absolutely, unconditionally and irrevocably guarantees to the
                                         Borrower, as primary obligor and not merely as surety, the funding of Loans pursuant
                                         to the Commitment under the Promissory Note (such obligation being referred to collectively
                                         as the “Obligations”). Notwithstanding anything contained herein to
                                         the contrary, the aggregate amount of the Obligations of the Guarantor hereunder at any
                                         time shall not exceed $3,750,000.00. The Guarantor agrees that the Obligations may at
                                         any time and from time to time exceed the amount of the liability of the Guarantor hereunder
                                         without impairing this Agreement or affecting the rights and remedies of the Borrower
                                         hereunder.

 

		2.	Agreement
                                         to Pay; Subrogation. If Ferdinand fails to pay any Obligation when and as due, the
                                         Guarantor agrees to promptly pay the amount of such unpaid Obligation to the Borrower
                                         on the terms and conditions set forth in the Promissory Note. Upon payment by the Guarantor
                                         of any sums to the Borrower as provided herein, Guarantor shall take by subrogation all
                                         of Ferdinand’s rights under the Promissory Note with respect to the Loan made thereunder
                                         that has been funded by Guarantor.

 

		3.	Guaranty
                                         Fee. The Borrower agrees to pay to the Guarantor a guaranty fee equal to the commitment
                                         fee under the Promissory Note, payable on the same terms as such commitment fee is paid.

 

    	 

    	 

    

 

		4.	Amendments.
                                         No term or provision of this Agreement may be waived, amended, supplemented or otherwise
                                         modified except in a writing signed by the parties hereto.

 

		5.	Notices.
                                         All notices and other communications under this Agreement shall be in writing (including
                                         by facsimile, e-mail or other similar electronic formats) and shall be deemed to have
                                         been duly given or made when delivered, or three (3) Business Days after being deposited
                                         in the mail, postage prepaid, addressed as follows, or to such other address as may be
                                         hereafter notified by the respective parties hereto:

 

If
to Borrower, to it at:

 

Liquid
Holdings Group, Inc. 

800
Third Avenue, 38th Floor 

New
York, NY 10022

Attention: General Counsel

Fax: (212) 293-2472 

E-mail:
legal@liquidholdings.com

 

If
to the Holder, to him at:

 

Douglas
J. Von Allmen 

9
Isla Bahia Drive 

Ft.
Lauderdale, FL 33316

 

		6.	Continuing
                                         Guaranty. This Agreement is a continuing guaranty and shall remain in full force
                                         and effect until the Commitment under the Promissory Note has been terminated; and shall
                                         be binding on the Guarantor, its successors and assigns.

 

		7.	Governing
                                         Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT
                                         SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE
                                         STATE OF NEW YORK.

 

		8.	Choice
                                         of Forum. Each of the parties hereby irrevocably and unconditionally:

 

		8.1.	submits
                                         for itself and its property in any legal action or proceeding relating to this Agreement,
                                         or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive
                                         general jurisdiction of the courts of the State of New York, the courts of the United
                                         States for the Southern District of New York, and appellate courts from any thereof;

 

		8.2.	consents
                                         that any such action or proceeding may be brought in such courts and waives any objection
                                         that it may now or hereafter have to the venue of any such action or proceeding in any
                                         such court or that such action or proceeding was brought in an inconvenient court and
                                         agrees not to plead or claim the same;

 

		8.3.	agrees
                                         that service of process in any such action or proceeding may be effected by providing
                                         notice in the manner set forth in Section 4;

 

    	2

    	 

    

 

		8.4.	agrees
                                         that nothing herein shall affect the right to effect service of process in any other
                                         manner permitted by law or shall limit the right to sue in any other jurisdiction; and

 

		8.5.	waives,
                                         to the maximum extent not prohibited by law, any right it may have to claim or recover
                                         in any legal action or proceeding referred to in this Section 7 any special, exemplary,
                                         punitive or consequential damages.

 

		9.	Complete
                                         Agreement. This Agreement is intended by the parties hereto as a final expression
                                         of their agreement regarding the subject matter hereof and contains a complete and exclusive
                                         statement of the terms and conditions of such agreement.

 

		10.	Headings.
                                         The Section headings used in this Agreement are for convenience of reference only and
                                         shall not affect the construction hereof.

 

		11.	Severability.
                                         If any provision of this Agreement shall be held to be invalid, illegal or unenforceable
                                         in any jurisdiction, such provision shall be ineffective only to the extent of such invalidity,
                                         illegality or unenforceability, which shall not affect any other provisions hereof or
                                         the validity, legality or enforceability of such provision in any other jurisdiction.

 

		12.	Limitation
                                         of Liability, Etc.; Certain Waivers. No claim shall be made by Borrower against Guarantor
                                         or the affiliates, employees or agents of Guarantor for any special, indirect, consequential
                                         or punitive damages in respect of any claim for breach of contract or under any other
                                         theory of liability arising out of or related to the transactions contemplated by this
                                         Agreement, or any act, omission or event occurring in connection therewith; and Borrower,
                                         on behalf of itself and its subsidiaries, waives, releases and agrees not to sue upon
                                         any claim for any such damages, whether or not accrued and whether or not known or suspected
                                         to exist in its favor.

 

		13.	WAIVER
                                         OF TRIAL BY JURY. THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL
                                         BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR FOR ANY COUNTERCLAIM
                                         THEREIN.

 

 

IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date first written above.

 

 

	DOUGLAS J. VON ALLMEN	 	 	LIQUID HOLDINGS GROUP, INC.	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	/s/ Douglas J. Von
    Allmen	 	 By: 	/s/ Kenneth Shifrin	 
	 	 	 	Name: Kenneth Shifrin	 
	 	 	 	Title: CFO	 

 

 

 

 

    	3THE SECURITIES REPRESENTED BY THIS WARRANT
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR UNDER THE SECURITIES LAWS OF ANY STATE. THESE
SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, OR OTHERWISE TRANSFERRED, EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
FILED UNDER THE SECURITIES ACT OF 1933 OR PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT, THE AVAILABILITY
OF WHICH EXEMPTION MUST BE ESTABLISHED TO THE REASONABLE SATISFACTION OF THE COMPANY.  THE TRANSFER OF THIS INSTRUMENT IS
RESTRICTED AS DESCRIBED HEREIN.

 

March 27, 2014

 

ENERPULSE
TECHNOLOGIES, INC.

WARRANT

 

This Warrant is issued,
for value received, to FREEPOINT COMMERCE MARKETING, LLC (the “Holder”), by ENERPULSE TECHNOLOGIES, INC., a
Delaware corporation (the “Company”), in connection with a loan by Holder to the Company pursuant to that certain
Promissory Note dated as of the date hereof (the “Note”).

 

1.           Purchase
of Shares.     Subject to the terms and conditions of this Warrant, the Holder of this Warrant is
entitled, upon surrender of this Warrant at the principal office of the Company (or at such other place as the Company may notify
the Holder hereof in writing), to purchase from the Company 16,667 shares of Common Stock of the Company (the “Warrant
Stock”). The number of shares of Warrant Stock are subject to adjustment as provided in Section 7 hereof.

 

2.           Exercise
Price.     The purchase price for each share of Warrant Stock purchased subject to this Warrant (the
“Exercise Price”) shall be $3.00 per share.

 

3.           Exercise
Right. This Warrant shall immediately vest and shall be exercisable at any time and from time to time hereafter until and including
11:59 p.m., Eastern Time, on that date which is the three-year anniversary of the date hereof.

 

4.           Method
of Exercise; Expenses.

 

(a)          While
this Warrant remains outstanding and exercisable, the Holder may exercise, in whole or in part, and from time to time, the purchase
rights evidenced hereby. Such exercise will be effected by:

 

(i)          the
surrender of this Warrant, together with a duly executed copy of the form of subscription attached hereto, to the Secretary of
the Company at its principal offices; and

 

    	 

    	 

    

 

(ii)         subject
to Section 4(e) below, the payment to the Company in cash or check of an amount equal to the aggregate Exercise Price for
the number of shares of Warrant Stock being purchased.

 

(b)          The
Company will pay all expenses, taxes (other than transfer taxes) and other charges payable in connection with the preparation,
issuance and delivery of this Warrant and the Warrant Stock.

 

(c)          Each
exercise of this Warrant will be deemed to have been effected immediately prior to the close of business on the day on which this
Warrant will have been surrendered to the Company as provided in Section 4(a). At such time, the person or persons in whose
name or names any certificates for the shares of Warrant Stock will be issuable upon such exercise will be deemed to have become
the Holder or holders of record of the Warrant Stock represented by such certificates.

 

(d)          If
this Warrant is exercised in part only, the Company shall, if this Warrant is surrendered for cancellation, execute and deliver
a new Warrant of the same tenor evidencing the right of the Holder to purchase the balance of the Warrant Stock purchasable hereunder
upon the same terms and conditions as herein set forth.

 

(e)          Notwithstanding
any provisions herein to the contrary, if the fair market value of one share of Warrant Stock is greater than the Exercise Price
(at the date of calculation as set forth below), then in lieu of exercising this Warrant for cash, the Holder may elect to receive
shares of Warrant Stock equal to the value (as determined below) of this Warrant (or the portion hereof being canceled) by surrender
of this Warrant at the principal office of the Company together with the properly endorsed subscription notice and notice of such
election in which event the Company shall issue to the Holder a number of shares of Warrant Stock computed using the following
formula:

 

	X = 	Y(A-B)
	 	A

 

	Where	X =	the number of shares of Warrant Stock to be issued to the Holder;

 

		Y =	the number of shares of Warrant Stock purchasable under the Warrant or, if only a portion of the
Warrant is being exercised, the number of shares of Warrant Stock purchasable in respect of the portion hereof being canceled (at
the date of such calculation);

 

		A =	the fair market value of one share of the Warrant Stock (at the date of such calculation); and

 

		B =	the Exercise Price (as adjusted to the date of such calculation).

 

    	 

    	 

    

 

For purposes of the above calculation,
fair market value of one share of Warrant Stock shall be determined in good faith by a committee of independent individuals (who
may or may not be directors) unanimously approved by the Company’s Board of Directors; provided, however, that
if a public market for the common stock exists at the time of such exercise, the fair market value per share shall be the average
of the closing bid and asked prices of the common stock quoted in the Over-The-Counter Market Summary or the last reported sale
price of the common stock or the closing price quoted on the NASDAQ National Market System or on any exchange on which the common
stock is listed, whichever is applicable, as published in the Eastern Edition of The Wall Street Journal
for the five trading days prior to the date of determination of fair market value.

 

5.           Certificates
for Shares. Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the number of
shares of Warrant Stock so purchased will be issued as soon as practicable thereafter, and in any event within ten (10) business
days of the delivery of the subscription notice.

 

6.           Valid
Issuance of Shares. The Company covenants that: (i) it will at all times keep reserved for issuance upon exercise hereof such
number of shares of Warrant Stock as will be issuable upon such exercise, and (ii) the shares of Warrant Stock, when issued pursuant
to the exercise of this Warrant, will be duly and validly issued, fully paid and nonassessable and free from all taxes, liens,
charges and preemptive or similar rights with respect to the issuance thereof.

 

7.           Adjustments.
The Exercise Price and the number of shares purchasable hereunder are subject to adjustment from time to time as follows:

 

(a)          Merger,
Sale of Assets, etc. If at any time while this Warrant or any portion hereof is outstanding and unexpired, there shall be (i)
a reorganization (other than a combination, reclassification, exchange or subdivision of shares otherwise provided for herein),
(ii) a merger or consolidation of the Company with or into another entity in which the Company is not the surviving entity or a
merger (including a reverse triangular merger in which the Company is the surviving entity but the shares of the Company’s
capital stock outstanding immediately prior to the merger are converted by virtue of the merger into other property, whether in
the form of securities, cash, or otherwise), or (iii) a sale or transfer of all or substantially all of the Company’s properties
and assets to any other person, then, as a part of such reorganization, merger, consolidation, sale or transfer, lawful provision
shall be made so that Holder shall thereafter be entitled to receive upon exercise of this Warrant, during the period specified
herein and upon payment of the Exercise Price then in effect, cash or the number of shares of stock or other securities or property
of the successor entity resulting from such reorganization, merger, consolidation, sale or transfer that a holder of the shares
deliverable upon exercise of this Warrant would have been entitled to receive in such reorganization, consolidation, merger, sale
or transfer if this Warrant had been exercised immediately before such reorganization, consolidation, merger, sale or transfer,
all subject to further adjustment as provided in this Section 7. The foregoing provisions of this Section 7(a) shall
similarly apply to successive reorganizations, consolidations, mergers, sales and transfers and to the stock or securities of any
other entity or cash that are at the time receivable upon the exercise of this Warrant. If the per share consideration payable
to the holder hereof for shares in connection with any such transaction is in a form other than cash or marketable securities,
then the value of such consideration shall be determined in good faith by the Company’s Board of Directors. In all events,
appropriate adjustment (as determined in good faith by the Company’s Board of Directors) shall be made in the application
of the provisions of this Warrant with respect to the rights and interest of Holder after the transaction, to the end that the
provisions of this Warrant shall be applicable after that event, as near as reasonably may be, in relation to any shares or other
property deliverable after that event upon exercise of this Warrant.

 

    	 

    	 

    

 

(b)          Reclassification,
etc. If the Company, at any time while this Warrant or any portion hereof remains outstanding and unexpired, by reclassification
of securities or otherwise, shall change any of the securities as to which purchase rights under this Warrant exist into the same
or a different number of securities of any other class or classes, this Warrant shall thereafter represent the right to acquire
such number and kind of securities as would have been issuable as the result of such change with respect to the securities that
were subject to the purchase rights under this Warrant immediately prior to such reclassification or other change and the Exercise
Price therefor shall be appropriately adjusted, all subject to further adjustment as provided in this Section 7.

 

(c)          Split,
Subdivision or Combination of Shares. If the Company at any time while this Warrant or any portion hereof remains outstanding
and unexpired, shall split, subdivide or combine the securities as to which purchase rights under this Warrant exist, into a different
number of securities of the same class, the Exercise Price for such securities shall be proportionately decreased, and the number
of shares of such securities for which this Warrant may be exercised shall be proportionately increased, in the case of a split
or subdivision, or the Exercise Price for such securities shall be proportionately increased and the number of shares of such securities
for which this Warrant may be exercised shall be proportionately decreased, in the case of a combination.

 

(d)          Adjustments
for Dividends in Stock or Other Securities or Property. If at any time while this Warrant or any portion hereof remains outstanding
and unexpired the holders of the securities as to which purchase rights under this Warrant exist at the time shall have received,
or, on or after the record date fixed for the determination of eligible stockholders, shall have become entitled to receive, without
payment therefor, other or additional stock or other securities or property (other than cash) of the Company by way of dividend,
then and in each case, this Warrant shall represent the right to acquire, in addition to the number of shares of the security receivable
upon exercise of this Warrant, and without payment of any additional consideration therefor, the amount of such other or additional
stock or other securities or property (other than cash) of the Company that such holder would hold on the date of such exercise
had it been the holder of record of the security receivable upon exercise of this Warrant on the date hereof and had thereafter,
during the period from the date hereof to and including the date of such exercise, retained such shares and/or all other additional
stock available by it as aforesaid during such period, giving effect to all adjustments called for during such period by the provisions
of this Section 7.

 

(e)          Certificate
as to Adjustments. Upon the occurrence of each adjustment or readjustment pursuant to this Section 7, the Company at
its expense shall promptly compute such adjustment or readjustment in accordance with the terms hereof and furnish to Holder a
certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment
is based. The Company shall, upon the written request, at any time, of Holder, furnish or cause to be furnished to Holder a like
certificate setting forth: (i) such adjustments and readjustments; (ii) the Exercise Price at the time in effect; and (iii) the
number of shares and the amount, if any, of other property that at the time would be received upon the exercise of the Warrant.

 

    	 

    	 

    

 

(f)          No
Impairment. The Company shall not, by amendment of its Certificate of Formation (or other similar governing document) or through
any reorganization, transfer of assets, consolidation, merger, dissolution, issue or sale of securities or any other voluntary
action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company,
but shall at all times in good faith assist in the carrying out of all the provisions of this Section 7 and in the taking
of all such action as may be necessary or appropriate in order to protect the rights of Holder against impairment.

 

8.           No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares will be issued upon the exercise of
this Warrant, but in lieu of such fractional shares the Company will make a cash payment therefor on the basis of the Exercise
Price then in effect.

 

9.           Piggyback
Registration. If, following the date on which the Warrant becomes exercisable, the Company at any time proposes to register
under the Securities Act of 1933, as amended (the “Securities Act”), any of its securities, whether or not for
sale for its own account, on a form and in a manner which would permit registration of the Warrant Stock held or purchasable by
Holder for sale to the public under the Securities Act, the Company shall give written notice of the proposed registration to Holder
not later than thirty (30) days prior to the filing thereof. Holder shall have the right to request that all or any part of its
Warrant Stock be included in such registration. Holder can make such a request by giving written notice to the Company within ten
(10) business days after the giving of such notice by the Company. Warrant Stock proposed to be registered and sold pursuant to
an underwritten offering for the account of Holder shall be sold on the terms and subject to the conditions of one or more underwriting
agreements negotiated between the Company and the prospective underwriters selected or approved by the Company. Holder shall have
the right to receive a copy of the form of underwriting agreement and shall have an opportunity to hold discussions with the lead
underwriter of the terms of such underwriting agreement. The Company may withdraw any registration statement at any time before
it becomes effective, or postpone or terminate the offering of securities, without obligation or liability to Holder. Except as
otherwise required by state securities or blue sky laws or the rules and regulations promulgated thereunder, all expenses, disbursements
and fees incurred by the Company and the Holder in connection with any registration under this Section 9 shall be borne
by the Company, except that the following expenses shall be borne by Holder if incurred by Holder: (i) the costs and expenses of
counsel to Holder to the extent Holder retains counsel; (ii) discounts, commissions, fees or similar compensation owing to underwriters,
selling brokers, dealer managers or other industry professionals, to the extent relating to the distribution or sale of Holder’s
Warrant Stock; and (iii) transfer taxes with respect to the securities sold by Holder. The Company shall indemnify each Holder,
each of its officers, directors and partners, legal counsel, and accountants and each person controlling Holder within the meaning
of Section 15 of the Securities Act, if Warrant Stock of Holder is included in the securities with respect to which registration,
qualification, or compliance has been effected pursuant to this Agreement, against all expenses, claims, losses, damages, and liabilities
(or actions, proceedings, or settlements in respect thereof) arising out of or based on any untrue statement (or alleged untrue
statement) of a material fact contained in any prospectus, offering circular, or other document (including any related registration
statement, notification, or the like) incident to any such registration, qualification, or compliance, or based on any omission
(or alleged omission) to state therein a material fact required to be stated therein or necessary to make the statements therein
not misleading, or any violation by the Company of the Securities Act or any rule or regulation thereunder applicable to the Company
and relating to action or inaction required by the Company in connection with any such registration, qualification, or compliance,
and shall reimburse Holder, each of its officers, directors, partners, legal counsel, and accountants and each person controlling
Holder for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any
such claim, loss, damage, liability, or action, provided that the Company will not be liable in any such case to the extent
that any such claim, loss, damage, liability, or expense arises out of or is based on any untrue statement or omission based upon
written information furnished to the Company by Holder and stated to be specifically for use therein.

 

    	 

    	 

    

 

10.         No
Stockholder Rights. Prior to exercise of this Warrant, the Holder will not be entitled to any rights of a stockholder with
respect to the shares of Warrant Stock, including (without limitation) the right to vote such shares, receive dividends or other
distributions thereon, or be notified of stockholder meetings.

 

11.         Transferability.
Subject to compliance with applicable federal and state securities laws, this Warrant and all rights hereunder are transferable
in whole or in part by the Holder of this Warrant. In the event of a partial transfer, the Company will issue to the new Holders
one or more appropriate new warrants.

 

12.         Loss,
Theft Destruction. The Company represents and warrants that upon receipt by the Company of evidence reasonably satisfactory
to it of the loss, theft, destruction or mutilation of this Warrant certificate or any stock certificate relating to the Warrant
Stock, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it, and upon surrender and
cancellation of such Warrant or stock certificate, if mutilated, the Company will make and deliver a new Warrant or stock certificate
of like tenor and dated as of such cancellation, in lieu of such Warrant or stock certificate.

 

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

 

14.         Successors
and Assigns. The terms and provisions of this Warrant will inure to the benefit of, and be binding upon, the Company and the
Holders hereof and their respective successors and permitted assigns.

 

15.         Amendments
and Waivers. Any waiver or amendment of any term of this Warrant must be in writing signed by the Holder and by the Company
and will be binding upon any subsequent holder of this Warrant.

 

    	 

    	 

    

 

16.         Notices.

 

(a)          In
addition to any other notices contemplated hereunder, the Company shall provide Holder with written notice of a public offering
of its securities at least thirty (30) days’ prior to the date thereof.

 

(b)          All
notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to
the party to be notified, (b) when sent by confirmed telex, electronic mail or facsimile if sent during normal business hours of
the recipient, if not, then on the next business day, (c) five days after having been sent by registered or certified mail, return
receipt requested, postage prepaid, or (d) one day after deposit with a nationally recognized overnight courier, specifying next
day delivery, with written verification of receipt. All communications shall be sent to the party to be notified at the address
set forth on the books of the Company or at such other address as such party may designate by ten (10) days advance written notice
to the other party hereto.

 

17.         Governing
Law. This Warrant will be governed by the laws of the State of Delaware (without giving effect to the conflict of law principles
thereof).

 

18.         Disputes.

 

(a)          Arbitration.
Except as otherwise provided in Section 18(b), any dispute, claim, question, or disagreement involving the interpretation
or enforcement of any provision of this Warrant or breach hereof or otherwise arising under or in connection with this Warrant
shall be submitted to binding arbitration in Wilmington, Delaware, in accordance with the Commercial Arbitration Rules of the American
Arbitration Association (expedited procedures) then in effect. There shall be three (3) arbitrators, all of whom shall be neutral,
and at least one (1) of whom shall be an attorney licensed to practice law in the State of Delaware for at least ten (10) years.
The arbitrators shall have the authority to exclude evidence found to be irrelevant, redundant, or prejudicial beyond its probative
value, and are instructed to exercise that authority consistently with reasonably expediting the proceeding. The arbitrators may
order specific performance, preliminary and final injunctive relief, and other equitable relief. The award of the arbitrators may
be entered and enforced in any court of competent jurisdiction. In all cases where there is a dispute over the fair market value
of the Company or the value of any securities thereof or over the Exercise Price, the arbitration shall be conducted as a “baseball
style” arbitration where each party or side will submit one and only one proposed value to the arbitrators and the arbitrators
shall then be instructed and shall determine that the value is exactly equal to one of the proposed valuations.

 

(b)          Injunctive
Relief. The parties agree that damages cannot reasonably compensate the parties in the event of a violation of the covenants
and restrictions in this Warrant and that it may be difficult to ascertain the damages which would be suffered by the parties in
such cases. By reason thereof, the parties hereby agree injunctive relief is essential for the protection of the parties. The parties
hereby agree and consent that, in the event of any such actual or threatened breach or violation, any party may obtain injunctive
relief in order to prevent the potential or continuing violation of the terms of this Warrant from any court of competent jurisdiction
located in the State of Connecticut or the State of Arizona; provided, however, that any determination of fair market
value of the Company or the value of any securities thereof shall be made by binding arbitration in accordance with the provisions
of Section 18(a), and such arbitration may proceed concurrently with any action for injunctive relief. Any such injunction
shall be available upon the posting of a bond in the amount of Five Thousand Dollars ($5,000), and the parties hereby consent to
the issuance of any such injunction upon the posting of such bond. The award of permanent or temporary injunctive relief shall
in no way limit any other remedies to which a party may be entitled as a result of any such breach.

 

    	 

    	 

    

 

(c)          Waiver
of Jury Trial. EACH PARTY HEREBY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY LITIGATION IN ANY
COURT WITH RESPECT TO, IN CONNECTION WITH, OR ARISING OUT OF THIS WARRANT, ANY OTHER AGREEMENT CONTEMPLATED HEREBY OR THEREBY OR
THE VALIDITY, PROTECTION, INTERPRETATION, COLLECTION OR ENFORCEMENT THEREOF.

 

(d)          Attorneys’
Fees. The arbitrators may award to the substantially prevailing party in their discretion attorneys’ fees and all other
fees, costs, and expenses of enforcing any right of such substantially prevailing party under or with respect to this Warrant,
including, without limitation, such reasonable fees and expenses of attorneys and accountants.

 

[SIGNATURES ON FOLLOWING PAGE]

 

    	 

    	 

    

 

	 	COMPANY:
	 	 
	 	Enerpulse Technologies, Inc.
	 	 	 
	 	By:	/s/ Joseph E. Gonnella
	 	Name:	Joseph E Gonnella
	 	Its:	Chief Executive Officer
	 	 	 
	 	HOLDER:
	 	 
	 	Freepoint Commerce Marketing, LLC
	 	 	 
	 	By:	/s/ Brandon Diket
	 	Name:	Brandon Diket
	 	Its:	Director

 

    	 

    	 

    

 

SUBSCRIPTION

 

Enerpulse Technologies, Inc.

Attention:  Corporate Secretary

 

The undersigned, the
Holder of the attached Warrant, hereby irrevocably elects to purchase, pursuant to the provisions of the attached Warrant, _______
shares of Common Stock of Enerpulse Technologies, Inc., a Delaware corporation (or such other securities issuable hereunder).

 

Payment of the exercise price per share
required under such Warrant accompanies this Subscription.

 

	 	 	WARRANT HOLDER:
	 	 	 	 
	 	 
	 	 	 	 
	Date:__________	By:	 
	 	 	Name:	 
	 	 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00228-of-00352.parquet"}]]