Document:

EX-10.2

 EXHIBIT 10.2 

THIRD AMENDMENT TO 

THIRD AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 

This THIRD AMENDMENT TO THIRD AMENDED AND RESTATED RECEIVABLES PURCHASE AGREEMENT, dated as of January 24, 2020 (this
“Amendment”), is entered into by and among the following parties: 
 (a)    SPRINT
SPECTRUM L.P., as initial Servicer (the “Servicer”); 
 (b)    THE PERSONS IDENTIFIED ON
THE SIGNATURE PAGES HERETO AS “Sellers” (the “Sellers” and together with the Servicer, the “Sprint Parties”); 

(c)    THE PERSONS IDENTIFIED ON THE SIGNATURE PAGES HERETO AS “CONDUIT PURCHASERS” (the
“Conduit Purchasers”); 
 (d)    THE PERSONS IDENTIFIED ON THE SIGNATURE PAGES HERETO AS
“COMMITTED PURCHASERS” (the “Committed Purchasers”); 
 (e)    THE PERSONS
IDENTIFIED ON THE SIGNATURE PAGES HERETO AS “PURCHASER AGENTS” (the “Purchaser Agents”); 

(f)    MIZUHO BANK, LTD., as Administrative Agent (in such capacity, the “Administrative
Agent”), Lead Arranger, Structuring Agent and Collateral Agent (in such capacity, the “Collateral Agent”); 

(g)    MUFG BANK, LTD., F/K/A THE BANK OF TOKYO-MITSUBISHI UFJ, LTD. (“MUFG”), as Joint
Lead Arranger; and 
 (h)    SMBC NIKKO SECURITIES AMERICA, INC. (“SMBCSI”), as Joint
Lead Arranger. 
 Capitalized terms used but not otherwise defined herein have the respective meanings assigned thereto in the Receivables
Purchase Agreement (as defined below). 
 RECITALS 

WHEREAS, the Sellers, the Servicer, the Conduit Purchasers, the Committed Purchasers, the Purchaser Agents, the Collateral Agent, the
Administrative Agent, MUFG and SMBCSI entered into that certain Third Amended and Restated Receivables Purchase Agreement, dated as of June 29, 2018 (as the same may be amended, restated, supplemented or otherwise modified from time to time,
the “Receivables Purchase Agreement”); 
 WHEREAS, concurrently herewith, a Joinder, Assignment and Assumption Agreement
and Amendment dated as of the date hereof (the “Joinder”) is being executed by each of the parties thereto whereby Barclays Bank PLC will be assigned a portion of the rights and obligations of certain Committed Purchasers and
Conduit Purchasers and will become a Committed Purchaser and Purchaser Agent under the Receivables Purchase Agreement; 

 WHEREAS, concurrently herewith, the Servicer, the Sellers, the Administrative Agent, the
Collateral Agent and the Purchaser Agents will enter into an Extension Fee Letter (the “Extension Fee Letter”); 
 WHEREAS,
the parties to the Receivables Purchase Agreement desire to amend the Receivables Purchase Agreement on the terms and subject to the conditions set forth herein; 

NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto, intending to be legally bound, agree as follows: 
 1.    Amendment to the
Receivables Purchase Agreement. 
 (a)    The Receivables Purchase Agreement is hereby amended by
inserting the following new Section 2.5 in the appropriate location therein: 
 “SECTION
2.5    Effect of Benchmark Transition Event. 
 (a)    Benchmark Replacement.
Notwithstanding anything to the contrary herein or in any other Transaction Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent
and the Sellers may amend this Agreement to replace the LIBO Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. on the fifth (5th) Business Day after the
Administrative Agent has posted such proposed amendment to all Purchaser Agents and the Sellers so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from the Required Purchasers. Any such
amendment with respect to an Early Opt-in Election will become effective on the date that the Required Purchasers have delivered to the Administrative Agent written notice that the Required Purchasers accept
such amendment. No replacement of the LIBO Rate with a Benchmark Replacement pursuant to this Section 2.5 will occur prior to the applicable Benchmark Transition Start Date. 

(b)    Benchmark Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement,
the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Transaction Document, any amendments implementing such Benchmark
Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(c)    Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the
Sellers and the Purchaser Agents of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start
Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination,
decision or election that may be made by the Administrative Agent or Purchaser Agents pursuant to this Section 2.5, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and binding absent manifest 

 
error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 2.5. 

(d)    Benchmark Unavailability Period. During any Benchmark Unavailability Period, the applicable Base Rate shall
be the Yield Rate for a Rate Tranche with respect to which the Yield Rate would otherwise be the applicable Bank Rate.” 

(b)     The definition of “Purchase Termination Date” set forth in Appendix A of the Receivables
Purchase Agreement is hereby amended by replacing the date “February 3, 2021” set forth therein with the date “January 21, 2022”. 

(c)    The definition of “LIBO Rate” set forth in Appendix A of the Receivables Purchase
Agreement is hereby amended by inserting the language “and a Benchmark Transition Event has not occurred,” immediately after the language “the foregoing clause,” set forth therein. 

(d)    Appendix A of the Receivables Purchase Agreement is hereby amended by inserting the following
definitions in the appropriate locations therein: 
 “Benchmark Replacement” means the sum of: (a) the alternate
benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent and the Sellers giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining such a rate
by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to LIBOR for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark
Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement. 

“Benchmark Replacement Adjustment” means, with respect to any replacement of LIBOR with an Unadjusted Benchmark Replacement
for each applicable Yield Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Sellers giving
due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR with the applicable Unadjusted Benchmark Replacement by the Relevant
Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of LIBOR with the applicable Unadjusted
Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time. 
 “Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Yield Period,” timing and frequency of

 
determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such
Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not
administratively feasible or if the Administrative Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably
necessary in connection with the administration of this Agreement). 
 “Benchmark Replacement Date” means the earlier to
occur of the following events with respect to LIBOR: 
  

	 	(1)	 in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of
(a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of LIBOR permanently or indefinitely ceases to provide LIBOR; or 

 

	 	(2)	 in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the
public statement or publication of information referenced therein. 

 “Benchmark Transition Event” means
the occurrence of one or more of the following events with respect to LIBOR: 
  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of LIBOR announcing that
such administrator has ceased or will cease to provide LIBOR, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide LIBOR; 

 

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR,
the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for LIBOR, a resolution authority with jurisdiction over the administrator for LIBOR or a court or an entity with similar insolvency or resolution
authority over the administrator for LIBOR, which states that the administrator of LIBOR has ceased or will cease to provide LIBOR permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide LIBOR; or 

  

	 	(3)	 a public statement or publication of information by the regulatory supervisor for the administrator of LIBOR
announcing that LIBOR is no longer representative. 

 “Benchmark Transition Start Date” means (a) in the case of a
Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the 90th day prior to the
expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and
(b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Purchasers, as applicable, by notice to the Sellers, the Administrative Agent (in the case of
such notice by the Required Purchasers) and the Purchaser Agents. 
 “Benchmark Unavailability Period” means, if a
Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBOR and solely to the extent that the LIBO Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the time that
such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder in accordance with Section 2.5 and (y) ending at the time that a Benchmark Replacement has
replaced the LIBO Rate for all purposes hereunder pursuant to Section 2.5. 
 (e) “Early Opt-in Election” means the occurrence of: 
  

	 	(1)	 (i) a determination by the Administrative Agent or (ii) a notification by the Required Purchasers to the
Administrative Agent (with a copy to the Sellers) that the Required Purchasers have determined that U.S. dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in
Section 2.5, are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace LIBOR, and 

  

	 	(2)	 (i) the election by the Administrative Agent or (ii) the election by the Required Purchasers to declare
that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of written notice of such election to the Sellers and the Purchaser Agents or by the Required Purchasers
of written notice of such election to the Administrative Agent. 

 “Federal Reserve Bank of New York’s
Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee
officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto. 

“SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank
of New York, as the administrator of the 

 
benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website. 

“Term SOFR” means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant
Governmental Body. 
 “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark Replacement
Adjustment. 
 2.    Representations and Warranties. Each Sprint Party hereby represents and warrants as of the
date hereof as follows: 
 (a)    Representations and Warranties. The representations and
warranties made by it in the Receivables Purchase Agreement are true and correct as of the date hereof (unless stated to relate solely to an earlier date, in which case such representations or warranties were true and correct as of such earlier
date). 
 (b)    Enforceability. The execution and delivery by such Person of this Amendment, and
the performance of each of its obligations under this Amendment and the Receivables Purchase Agreement as amended hereby, are within each of its organizational powers and have been duly authorized by all necessary organizational action on its part.
This Amendment and the Receivables Purchase Agreement as amended hereby, are such Person’s valid and legally binding obligations, enforceable in accordance with their respective terms. 

(c)    No Termination Events. After giving effect to this Amendment and the transactions
contemplated hereby, no Event of Termination, Unmatured Event of Termination, Collection Control Event or Non-Reinvestment Event exists or shall exist. 

3.    Entire Agreement. Except as otherwise amended hereby, all of the other terms and provisions of the
Receivables Purchase Agreement are and shall remain in full force and effect and the Receivables Purchase Agreement, as amended and supplemented by this Amendment, is hereby ratified and confirmed by the parties hereto. After this Amendment becomes
effective, all references in the Receivables Purchase Agreement (or in any other Transaction Document) to “this Agreement”, “hereof”, “herein” or words of similar effect referring to the Receivables Purchase Agreement
shall be deemed to be references to the Receivables Purchase Agreement as amended by this Amendment. This Amendment contains the entire understanding of the parties with respect to the provisions of the Receivables Purchase Agreement amended and
supplemented hereby and may not be modified except in writing signed by all parties. This Amendment shall not be deemed, either expressly or impliedly, to waive, amend or supplement any provision of the Receivables Purchase Agreement other than as
set forth herein. 
 4.    Effectiveness. This Amendment shall become effective as of the date hereof upon
receipt by the Collateral Agent and the Administrative Agent of: 
  

	 	(a)	 duly executed counterparts of this Amendment (whether by facsimile or otherwise) executed by each of the
parties hereto, 

	 	(b)	 duly executed counterparts of the Joinder (whether by facsimile or otherwise) executed by each of the parties
thereto, 

  

	 	(c)	 duly executed counterparts of the Extension Fee Letter (whether by facsimile or otherwise) executed by each of
the parties thereto, and 

  

	 	(d)	 confirmation from each Purchaser Agent that all amounts due and owing under the Extension Fee Letter and any
other Fee Letter have been paid in full. 

 5.    Governing Law. THIS AMENDMENT, INCLUDING THE
RIGHTS AND DUTIES OF THE PARTIES HERETO, SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK (INCLUDING SECTIONS 5-1401 AND 5-1402
OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BUT WITHOUT REGARD TO ANY OTHER CONFLICTS OF LAW PROVISIONS THEREOF). 

6.    Severability. If any one or more of the agreements, provisions or terms of this Amendment shall for any
reason whatsoever be held invalid or unenforceable, then such agreements, provisions or terms shall be deemed severable from the remaining agreements, provisions and terms of this Amendment and shall in no way affect the validity or enforceability
of the provisions of this Amendment or the Receivables Purchase Agreement, as applicable. 
 7.    Section
Headings. The various headings of this Amendment are included for convenience only and shall not affect the meaning or interpretation of this Amendment, the Receivables Purchase Agreement or any provision hereof or thereof. 

8.    Reaffirmation of Performance Support Agreement. After giving effect to this Amendment, the Joinder and the
Extension Fee Letter, all of the provisions of the Performance Support Agreement shall remain in full force and effect and the Performance Support Provider hereby ratifies and affirms the Performance Support Agreement and acknowledges that the
Performance Support Agreement has continued and shall continue in full force and effect in accordance with its terms. 

9.    Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of each Sprint Party,
and their respective successors and permitted assigns. 
 10.    Counterparts. This Amendment may be executed in
any number of counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery of an executed counterpart hereof by facsimile or other
electronic means shall be equally effective as delivery of an originally executed counterpart. 
 [Signature Pages Follow] 

 IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their
respective officers thereunto duly authorized as of the date first above written. 
  

			
	 SPRINT SPECTRUM L.P.

as Servicer

		
	By:	 	 /s/ Jud Henry

	Name:	 	Jud Henry
	Title:	 	VP and Treasurer

 
			
	SFE 1, LLC
	SFE 2, LLC, each as a Seller
		
	By:	 	 /s/ Jud Henry

	Name:	 	Jud Henry
	Title:	 	VP and Treasurer

 
			
	MIZUHO BANK, LTD.,
	as Administrative Agent, Lead Arranger, and Structuring Agent
		
	By:	 	 /s/ Donna DeMagistris

	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory
	
	MIZUHO BANK, LTD.,
	as Collateral Agent
		
	By:	 	 /s/ Donna DeMagistris

	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory
	
	MUFG BANK, LTD. F/K/A THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	as Joint Lead Arranger
		
	By:	 	 /s/ Christopher Pohl

	Name:	 	Christopher Pohl
	Title:	 	Managing Director
	
	 SMBC NIKKO SECURITIES AMERICA, INC.,

as Joint Lead Arranger

		
	By:	 	 /s/ Yukimi Konno

	Name:	 	Yukimi Konno
	Title:	 	Managing Director

 
			
	 VICTORY RECEIVABLES CORPORATION,

as a Conduit Purchaser

		
	By:	 	 /s/ Kevin J. Corigan

	Name:	 	Kevin J. Corrigan
	Title:	 	Vice President
	
	 MUFG BANK, LTD., F/K/A THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Purchaser Agent for the Victory Purchaser Group

		
	By:	 	 /s/ Christopher Pohl

	Name:	 	Christopher Pohl
	Title:	 	Managing Director
	
	 MUFG BANK, LTD., F/K/A THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,

as a Committed Purchaser for the Victory Purchaser Group

		
	By:	 	 /s/ Christopher Pohl

	Name:	 	Christopher Pohl
	Title:	 	Managing Director

 
			
	 MIZUHO BANK, LTD.,
 as a
Purchaser Agent for Mizuho Bank, Ltd., as Committed Purchaser

		
	By:	 	 /s/ Donna DeMagistris

	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory
	
	 MIZUHO BANK, LTD.,
 as a
Committed Purchaser

		
	By:	 	 /s/ Donna DeMagistris

	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory

 
			
	 MANHATTAN ASSET FUNDING COMPANY LLC,

as a Conduit Purchaser

	
	By: MAF Receivables Corp., Its Member
		
	By:	 	 /s/ Irna Khaimova

	Name:	 	Irna Khaimova
	Title:	 	Vice President
	
	 SMBC NIKKO SECURITIES AMERICA, INC.,

as a Purchaser Agent for the Manhattan Purchaser Group

		
	By:	 	 /s/ Yukimi Konno

	Name:	 	Yukimi Konno
	Title:	 	Managing Director
	
	 SUMITOMO MITSUI BANKING CORPORATION,

as a Committed Purchaser for the Manhattan Purchaser Group

		
	By:	 	 /s/ Satoshi Takahara

	Name:	 	Satoshi Takahara
	Title:	 	Executive Director

 
			
	 ATLANTIC ASSET SECURITIZATION LLC,

as a Conduit Purchaser

		
	By:	 	Crédit Agricole Corporate and Investment Bank,
	as attorney-in-fact
		
	By:	 	 /s/ Michael Regan

	Name:	 	Michael Regan
	Title:	 	Managing Director
		
	By:	 	 /s/ Roger Kiepper

	Name:	 	Roger Kiepper
	Title:	 	Managing Director
	
	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Purchaser Agent for the Atlantic Asset Purchaser Group
		
	By:	 	 /s/ Michael Regan

	Name:	 	Michael Regan
	Title:	 	Managing Director
		
	By:	 	 /s/ Roger Kiepper

	Name:	 	Roger Kiepper
	Title:	 	Managing Director
	
	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK, as a Committed Purchaser for the Atlantic Asset Purchaser Group
		
	By:	 	 /s/ Michael Regan

	Name:	 	Michael Regan
	Title:	 	Managing Director
		
	By:	 	 /s/ Roger Kiepper

	Name:	 	Roger Kiepper
	Title:	 	Managing Director

 
			
	 SUMITOMO MITSUI TRUST BANK, LIMITED, NEW YORK BRANCH, 

as a Purchaser Agent for Sumitomo Mitsui Trust Bank, Limited, as Committed Purchaser

		
	By:	 	 /s/ Tommy Canstantinou

	Name:	 	Tommy Constantinou
	Title:	 	Vice President
	
	 SUMITOMO MITSUI TRUST BANK, LIMITED, NEW YORK BRANCH, 

as a Committed Purchaser

		
	By:	 	 /s/ Tommy Canstantinou

	Name:	 	Tommy Constantinou
	Title:	 	Vice President

 
			
	THE TORONTO-DOMINION BANK, as a Purchaser Agent for The Toronto-Dominion Bank, as Committed Purchaser
		
	By:	 	 /s/ Bradley Purkis

	Name:	 	Bradley Purkis
	Title:	 	Managing Director
	
	 THE TORONTO-DOMINION BANK,

as a Committed Purchaser

		
	By:	 	 /s/ Bradley Purkis

	Name:	 	Bradley Purkis
	Title:	 	Managing Director

 
			
	 JPMORGAN CHASE BANK, N.A.,

as a Purchaser Agent for JPMorgan Chase Bank, N.A., as Committed Purchaser

		
	By:	 	 /s/ Alexander Louis-Jeune

	Name:	 	Alexander Louis-Jeune
	Title:	 	Executive Director
	
	 JPMORGAN CHASE BANK, N.A.,

as a Committed Purchaser

		
	By:	 	 /s/ Alexander Louis-Jeune

	Name:	 	Alexander Louis-Jeune
	Title:	 	Executive Director

 
			
	BARCLAYS BANK PLC, as a Purchaser Agent for Barclays Bank PLC, as Committed Purchaser
		
	By:	 	 /s/ David Hulnger

	Name:	 	David Hulnger
	Title:	 	Director
	
	 BARCLAYS BANK PLC,
 as a
Committed Purchaser

		
	By:	 	 /s/ David Hulnger

	Name:	 	David Hulnger
	Title:	 	Director

 
			
	SPRINT CORPORATION,
	as Performance Support Provider
		
	By:	 	 /s/ Jud Henry

	Name:	 	Jud Henry
	Title:	 	VP and TreasurerExhibit
10.1

 

Subscription
Agreement

 

This
subscription agreement (this “Subscription”) is dated January 23, 2020, by and between YA II PN, Ltd (the “Investor”)
and Cemtrex, Inc., a Delaware corporation (the “Company”), whereby the parties agree as follows:

 

WHEREAS,
the Company desires to sell, and the Investor desires to purchase shares of the Company’s common stock, $0.001 par value
per share (“Common Stock”), which currently trades on The Nasdaq Capital Market (the “Principal Market”).

 

NOW,
THEREFORE, in consideration of the mutual agreements contained herein, the parties hereto agree as follows:

 

1.
Subscription.

 

(a)
Investor agrees to buy and, subject to acceptance as provided below, the Company agrees to sell and issue to Investor, 500,000
shares of Common Stock (the “Shares”), free of restrictive legends and stop transfer orders, for the Purchase
Price (as defined in this Subscription). The “Purchase Price” shall mean $1.50 per share. Once the Purchase Price
has been tendered to the Company, the Company shall issue the Shares to the Investor’s brokerage account (through the facilities
of the Depository Trust Company’s DWAC system in accordance with the instructions provided by the Investor).

 

(b)
The Shares have been registered pursuant to a Registration Statement on Form S- 3, Registration No. 333-218501, which registration
statement (the “Registration Statement”) was originally declared effective by the Securities and Exchange Commission
on June 14, 2017, and is effective on the date hereof. A final prospectus supplement will be delivered as required by law.

 

(c)
The Company may accept this Subscription as provided in this Subscription for the Shares subscribed for by executing a copy hereof
and providing such executed copy to the Investor. The Shares subscribed for herein will not be deemed issued to or owned by the
Investor until the Subscription has been executed by the Investor and countersigned by the Company and the Closing with respect
to the Investor’s subscription has occurred.

 

(d)
The closing of the transaction contemplated by this Subscription (the “Closing”) shall occur once the full
Purchase Price has been tendered, a completed and fully executed copy of this Subscription has been tendered, the Shares are reflected
in the Investor’s brokerage account (through the facilities of the Depository Trust Company’s DWAC system in accordance
with the instructions provided by the Investor), the Company shall have filed the final prospectus supplement to the Registration
Statement pursuant to Rule 424(b) with respect to the Shares (the “Prospectus Supplement”), and all other conditions
in this Subscription have been satisfied. If the Closing does not occur on or prior to January 23, 2020 (the “Closing
Date”), then this Subscription shall be null and void and of no further force or effect at the option of the Investor.

 

(e)
The Company shall pay any and all transfer, stamp or similar taxes that may be payable with respect to the issuance and delivery
of any shares of the Shares to the Investor made under this Subscription.

 

    	 	1	 

    	 

    

 

2.
Company Representations and Warranties.

 

The
Company represents and warrants to the Investor that as of the date of this Subscription and the date of the Closing:

 

(a)
the (i) Company has full corporate power and authority to enter into this Subscription and to perform all of its obligations hereunder;
(ii) this Subscription has been duly authorized and executed by and, when delivered in accordance with the terms hereof, will
constitute a valid and binding agreement of the Company enforceable in accordance with its terms, except as such enforceability
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the rights and remedies of creditors
generally or subject to general principles of equity; (iii) the execution and delivery of this Subscription and the consummation
of the transactions contemplated hereby do not conflict with or result in a breach of (a) the Company’s Certificate of Incorporation,
as amended, or Bylaws, or (b) any agreement to which the Company is a party or by which any of its property or assets is bound;
(iv) the Shares when issued and paid for in accordance with the terms of this Subscription will be duly authorized, validly issued,
fully paid, non-assessable, free of restrictive legends and stop transfer orders, and freely tradeable by the Investor; (v) all
preemptive rights or rights of first refusal held by stockholders of the Company and applicable to the transactions contemplated
hereby have been duly satisfied or waived in accordance with the terms of the agreements between the Company and such stockholders
conferring such rights; and (vi) the transactions contemplated hereby have been duly authorized by the Company’s Board of
Directors.

 

(b)
The Company has filed all reports, schedules, forms, statements and other documents required to be filed by it with the United
States Securities and Exchange Commission (the “SEC”) pursuant to the reporting requirements of the 1934 Act (all
of the foregoing filed prior to the date hereof and all exhibits included therein and financial statements and schedules thereto
and documents incorporated by reference therein being hereinafter referred to as the “SEC Documents.” As of their
respective dates (except as they have been correctly amended), the SEC Documents complied in all material respects with the requirements
of the 1934 Act and the rules and regulations of the SEC promulgated thereunder applicable to the SEC Documents, and none of the
SEC Documents, at the time they were filed with the SEC (except as they may have been properly amended), contained any untrue
statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the
statements therein, in light of the circumstances under which they were made, not misleading. As of their respective dates (except
as they have been properly amended), the financial statements of the Company included in the SEC Documents complied as to form
in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect
thereto. Such financial statements have been prepared in accordance with generally accepted accounting principles, consistently
applied, during the periods involved (except (i) as may be otherwise indicated in such financial statements or the notes thereto
or (ii) in the case of unaudited interim statements, to the extent they may exclude footnotes or may be condensed or summary statements)
and fairly present in all material respects the financial position of the Company as of the dates thereof and the results of its
operations and cash flows for the periods then ended (subject, in the case of unaudited statements, to normal year-end audit adjustments).
Except for routine correspondence, such as comment letters and notices of effectiveness in connection with previously filed registration
statements or periodic reports publicly available on EDGAR, to the Company’s knowledge, the Company or any of its subsidiaries
(the “Subsidiaries”) are not presently the subject of any inquiry, investigation or action by the SEC.

 

    	 	2	 

    	 

    

 

(c)
Except as disclosed in the SEC Documents, (i) no shares of the Company’s capital stock are subject to preemptive rights
or any other similar rights or any liens or encumbrances suffered or permitted by the Company, (ii) there are no outstanding debt
securities of the Company or any of its Subsidiaries, (iii) there are no outstanding options, warrants, scrip, rights to subscribe
to, calls or commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital
stock of the Company or any of its Subsidiaries, or contracts, commitments, understandings or arrangements by which the Company
or any of its Subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any of its Subsidiaries
or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities
or rights convertible into, any shares of capital stock of the Company or any of its Subsidiaries, (iv) there are no material
agreements or arrangements under which the Company or any of its Subsidiaries is obligated to register the sale of any of their
securities under the 1933 Act (except the Subscription), (v) there are no outstanding securities or instruments of the Company
or any of its Subsidiaries which contain any redemption or similar provisions, and there are no contracts, commitments, understandings
or arrangements by which the Company or any of its Subsidiaries is or may become bound to redeem a security of the Company or
any of its Subsidiaries, (vi) there are no securities or instruments containing anti-dilution or similar provisions that will
be triggered by the issuance of the Shares as described in this Subscription, (vii) the Company does not have any stock appreciation
rights or “phantom stock” plans or agreements or any similar plan or agreement, (viii) there has been no material
adverse change in the business, properties, operations, financial condition or results of operations of the Company or its Subsidiaries
taken as a whole, (ix) the Company has not taken any steps, and does not currently expect to take any steps, to seek protection
pursuant to any bankruptcy law nor does the Company or any of its Subsidiaries have any knowledge or reason to believe that its
creditors intend to initiate involuntary bankruptcy or insolvency proceedings, (x) the Company is financially solvent and is generally
able to pay its debts as they become due, (xi) to the Company’s knowledge, there is no action, suit, proceeding, inquiry
or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to
the knowledge of the Company or any of its Subsidiaries, threatened against the Company, the Common Stock or any of the Company’s
Subsidiaries or any of the Company’s or the Company’s Subsidiaries’ officers or directors in their capacities
as such, (xii) to the Company’s knowledge, none of the Company’s active and registered trademarks, trade names, service
marks, service mark registrations, service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental
authorizations, trade secrets and other intellectual property rights have expired or terminated, (xiii) the Company and its Subsidiaries
have good and marketable title to all personal property owned by them that is material to the business of the Company and its
Subsidiaries, in each case free and clear of all liens, encumbrances and defects, (xiv) the Company and each of its Subsidiaries
are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as management
of the Company believes to be reasonable and customary in the businesses in which the Company and its Subsidiaries are engaged,
(xv) the Company and its Subsidiaries possess all material certificates, authorizations and permits issued by the appropriate
federal, state or foreign regulatory authorities necessary to conduct their respective businesses as currently conducted, and
neither the Company nor any such Subsidiary has received any written notice of proceedings relating to the revocation or modification
of any such material certificate, authorization or permit, (xvi) the Company and each of its Subsidiaries has made or filed all
federal and state income and all other material tax returns, reports and declarations required by any jurisdiction to which it
is subject (unless and only to the extent that the Company and each of its Subsidiaries has set aside on its books reserves reasonably
adequate for the payment of all unpaid and unreported taxes or filed valid extensions) and has paid all taxes and other governmental
assessments and charges that are material in amount, shown or determined to be due on such returns, reports and declarations,
and (xvii) to the Company’s knowledge, the Company and its Subsidiaries (i) are in material compliance with any and all
applicable foreign, federal, state and local laws and regulations relating to the protection of human health and safety or the
environment and with respect to hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii) have received all material permits, licenses or other approvals required of them under applicable Environmental
Laws to conduct their respective businesses and (iii) are in material compliance with all terms and conditions of any such permit,
license or approval, except where, in each of the three foregoing clauses.

 

(d)
The Registration Statement has been declared effective by the SEC, and no stop order has been issued or is pending or, to the
knowledge of the Company, threatened by the SEC with respect thereto. As of the date hereof, the Company has a dollar amount of
securities registered and unsold under the Registration Statement, which is not less than the sum of the Purchase Price. The Company
shall keep the Registration Statement effective pursuant to Rule 415 promulgated under the 1933 Act and available for sales of
all Shares to the Investor until the date on which all the Shares have been sold under this Subscription. The Registration Statement
(including any amendments or supplements thereto and prospectuses or prospectus supplements, including the Prospectus Supplement,
contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated
therein, or necessary to make the statements therein, in light of the circumstances in which they were made, not misleading.

 

    	 	3	 

    	 

    

 

(e)
The Company has not made any offers or sales of any security (other than the Shares) under circumstances that would cause the
offering of the Shares to be integrated with any other offering of securities by the Company for the purpose of any stockholder
approval provision applicable to the Company or its securities.

 

(g)
The Company has not made any offers or sales of any security (other than the Shares) under circumstances that would cause the
offering of the Shares to be integrated with any other offering of securities by the Company for the purpose of any exchange approval
provision applicable to the Company or its securities (including but not limited to with respect to the Principal Market).

 

3.
Additional Covenants of the Company.

 

(a)
Filing of Form 8-K and Prospectus Supplement. The Company agrees that it shall, if required under federal securities law,
within the time required under the 1934 Act, file a Current Report on Form 8-K disclosing this Subscription and the transaction
contemplated hereby. The Company shall file on the date hereof the Prospectus Supplement to the Company’s existing shelf
Registration Statement covering the sale of the Shares in accordance with the terms of the Subscription. The Company shall keep
the Registration Statement effective pursuant to Rule 415 promulgated under the 1933 Act and available for sales of all Shares
to the Investor until the date on which all the Shares have been sold by the Investor. The Registration Statement (including any
amendments or supplements thereto and prospectuses or prospectus supplements, including the Prospectus Supplement, contained therein)
shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary
to make the statements therein, in light of the circumstances in which they were made, not misleading.

 

(b)
Blue Sky. The Company shall take such action, if any, as is reasonably necessary in order to obtain an exemption for or
to qualify the sale of the Shares to the Investor under this Subscription under applicable securities or “Blue Sky”
laws of the states of the United States in such states as required.

 

(c)
Listing. The Company shall promptly secure the listing of all of the Shares upon each national securities exchange and
automated quotation system that requires an application by the Company for listing, if any, upon which shares of Common Stock
are then listed (subject to official notice of issuance) and shall maintain such listing, so long as any other shares of Common
Stock shall be so listed. The Company shall maintain the Common Stock’s listing on the Principal Market. Neither the Company
nor any of its Subsidiaries shall take any action that would be reasonably expected to result in the delisting or suspension of
the Common Stock on the Principal Market. The Company shall pay all fees and expenses in connection with satisfying its obligations
under this Section

 

4.
Investor Representations, Warranties and Acknowledgments.

 

(a)
The Investor represents and warrants that: (i) it has full right, power and authority to enter into this Subscription and to perform
all of its obligations hereunder; (ii) this Subscription has been duly authorized and executed by the Investor and, when delivered
in accordance with the terms hereof, will constitute a valid and binding agreement of the Investor enforceable against the Investor
in accordance with its terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium
or similar laws affecting the rights and remedies of creditors generally or subject to general principles of equity; (iii) the
execution and delivery of this Subscription and the consummation of the transactions contemplated hereby do not conflict with
or result in a breach of (A) the Investor’s certificate of incorporation or by-laws (or other governing documents), or (B)
any material agreement or any law or regulation to which the Investor is a party or by which any of its property or assets is
bound; (iv) it has had full access to the base prospectus included in the Registration Statement and the Company’s periodic
reports and other information incorporated by reference therein (the “Prospectus”), and was able to read, review,
download and print such materials; (v) in making its investment decision with respect to the Shares, the Investor and its advisors,
if any, have relied solely on the Prospectus; (vi) it is knowledgeable, sophisticated and experienced in making, and is qualified
to make, decisions with respect to investments in securities representing an investment decision like that involved in the purchase
of the Shares; (vii) the Investor is not a member of the Financial
Industry Regulatory Authority as of the date hereof; and (viii) the Investor is an “accredited investor” as that term
is defined in Rule 501(a)(3) of Regulation D under the 1933 Act.

 

    	 	4	 

    	 

    

 

(b)
Other than consummating the transactions contemplated hereunder, neither Investor nor Investor’s beneficial owner(s), directly
or indirectly executed any purchases or sales, including Short Sales, of the securities of the Company during the period commencing
as of the time that such Investor first received a term sheet (written or oral) from the Company or any other person representing
the Company setting forth the material terms of the transactions contemplated hereunder and ending immediately prior to the execution
hereof. Furthermore, the Investor has maintained the confidentiality of all disclosures made to it in connection with this transaction
(including the existence and terms of this transaction) except with respect to the Company’s affiliates, the Company’s
legal counsel, Investor’s legal counsel, Advisory Group Equity Services Ltd. (CRD #15427) (“Advisory Group”),
as well as entities and individuals associated with Advisory Group.

 

5.
Regulation SHO. The Investor also represents and warrants that, other than the transactions contemplated hereunder, the
Investor has not executed any “short sales” as defined in Rule 200 of Regulation SHO under the Securities Exchange
Act of 1934 (the “Short Sales”), in the securities of the Company during the period commencing from the time
that the Investor first became aware of the proposed transactions contemplated hereunder until the date hereof (“Discussion
Time”).

 

6.
Additional Conditions to the Investor’s Obligation to Purchase the Shares. In addition to all other conditions provided
in this Subscription, the obligation of the Investor to purchase the Shares shall be subject to the satisfaction of each of the
following conditions:

 

(a)
The Common Stock shall be authorized for quotation on the Principal Market, trading in the Common Stock shall not have been within
the last 365 days suspended by the SEC or the Principal Market, and the Shares shall be approved for listing upon the Principal
Market.

 

(b)
The representations and warranties of the Company shall be true and correct in all respects as of the date of this Subscription
and the date of the Closing, and the Company shall have performed, satisfied and complied in all respects with the covenants,
agreements and conditions required by this Subscription to be performed, satisfied or complied with by the Company at or prior
to the date hereof.

 

(c)
The Registration Statement shall have been declared effective under the 1933 Act by the SEC and no stop order with respect thereto
shall be pending or threatened by the SEC. The Company shall have prepared and delivered to the Investor a final and complete
form of prospectus supplement, dated and current as of the date hereof, to be used in connection with the issuances of the Shares
to the Investor, and filed by the Company pursuant to Rule 424(b). The Company shall have made all filings under all applicable
federal and state securities laws necessary to consummate the issuance of the Shares pursuant to this Subscription in compliance
with such laws.

 

(d)
The Shares have been delivered to the Investor and are reflected in the Investor’s brokerage account (through the facilities
of the Depository Trust Company’s DWAC system in accordance with the instructions provided by the Investor).

 

    	 	5	 

    	 

    

 

7.
Governing Law and Venue; Miscellaneous.

 

(a)
This Subscription constitutes the entire understanding and agreement between the parties with respect to its subject matter, and
there are no agreements or understandings with respect to the subject matter hereof which are not contained in this Subscription.
This Subscription may be modified only in writing signed by the parties hereto.

 

(b)
This Subscription may be executed in any number of counterparts, all of which taken together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each party and delivered to the other parties hereto,
it being understood that all parties need not sign the same counterpart. Execution may be made by delivery by facsimile or by
email delivery of a “.pdf” format data file.

 

(c)
In consideration of the Investor’s execution and delivery of the Subscription and acquiring the Shares hereunder and in
addition to all of the Company’s other obligations under the Subscription, the Company shall defend, protect, indemnify
and hold harmless the Investor and all of its affiliates, members, officers, directors, attorneys, and employees, and any of the
foregoing person’s agents or other representatives (including, without limitation, those retained in connection with the
transactions contemplated by this Subscription) (each an “Indemnitee” and collectively, the “Indemnitees”)
from and against any and all actions, causes of action, suits, claims, losses, costs, penalties, fees, liabilities and damages,
and expenses in connection therewith (irrespective of whether any such Indemnitee is a party to the action for which indemnification
hereunder is sought), and including reasonable attorneys’ fees and disbursements (the “Indemnified Liabilities”),
incurred by any Indemnitee as a result of, or arising out of, or relating to (a) any misrepresentation or breach of any representation
or warranty made by the Company in the Subscription or any other certificate, instrument or document contemplated hereby or thereby,
(b) any untrue statement of a material fact or omission to state a material fact required to be stated in the Registration Statement
and/or Prospectus Supplement, or necessary to make the statements therein, in light of the circumstances in which they were made,
not misleading, (c) any breach of any covenant, agreement or obligation of the Company contained in the Subscription or any other
certificate, instrument or document contemplated hereby or thereby, or (d) any cause of action, suit or claim brought or made
against such Indemnitee and arising out of or resulting from the execution, delivery, performance or enforcement of the Subscription
or any other certificate, instrument or document contemplated hereby or thereby, other than with respect to Indemnified Liabilities
which directly and primarily result from (A) a breach of any of the Investor’s representations and warranties, covenants
or agreements contained in this Subscription, or (B) the gross negligence or willful misconduct of the Investor or any other Indemnitee.
To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company shall make the maximum
contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law.

 

(d)
The provisions of this Subscription are severable and, in the event that any court or officials of any regulatory agency of competent
jurisdiction shall determine that any one or more of the provisions or part of the provisions contained in this Subscription shall,
for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability
shall not affect any other provision or part of a provision of this Subscription and this Subscription shall be reformed and construed
as if such invalid or illegal or unenforceable provision, or part of such provision, had never been contained herein, so that
such provisions would be valid, legal and enforceable to the maximum extent possible, so long as such construction does not materially
adversely effect the economic rights of either party hereto.

 

    	 	6	 

    	 

    

 

(e)
All communications hereunder shall be in writing and shall be mailed, hand delivered, sent by a recognized overnight courier service
such as Federal Express, or sent via facsimile or email, to the party to whom it is addressed at the following addresses or such
other address as such party may advise the other in writing:

 

If
to the Company:

 

Cemtrex,
Inc.

276
Greenpoint Ave., Suite 208

Brooklyn,
NY 11222

Attention:
Saagar Govil, Chief Executive Officer

E-Mail: sgovil@cemtrex.com

 

If
to the Investor:

 

All
notices hereunder shall be effective upon receipt by the party to which it is addressed.

 

(f)
Any dispute arising under, relating to, or in connection with the SUBSCRIPTION or related
to any matter which is the subject of or incidental to the SUBSCRIPTION (whether or not such claim is based upon breach of contract
or tort) shall be subject to the exclusive jurisdiction and venue of the state COURTS located in New york, new york and/or federal
courts located in new york, ne york. This provision is intended to be a “mandatory” forum selection clause and governed
by and interpreted consistentLY with new york law.

 

(g)
This Subscription shall be binding upon and inure to the benefit of the parties and their respective successors and assigns. The
Company shall not assign this Subscription or any rights or obligations hereunder without the prior written consent of the Investor,
including by merger, reorganization, restructuring, consolidation, financing, or otherwise. The Investor may not assign its rights
or obligations under this Subscription.

 

(h)
The Company and Investor shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Subscription and the consummation of the transactions contemplated
hereby.

 

[signature
page to follow]

 

    	 	7	 

    	 

    

 

If
the foregoing correctly sets forth our agreement, please confirm this by signing and returning to us the duplicate copy of this
Subscription.

 

	 	COMPANY:
	 	 	 
	 	CEMTREX, INC.
	 	 	 
	 	By:	 
	 	Name:	Saagar
    Govil
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INVESTOR:
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:

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