Document:

EXHIBIT
4.5

 

GLOBALWISE
INVESTMENTS, INC.

 

Warrant No. 0007

 

WARRANT
TO PURCHASE COMMON STOCK

 

VOID AFTER 5:00 P.M., EASTERN TIME,

ON THE EXPIRATION DATE

 

THIS WARRANT AND ANY SHARES ACQUIRED UPON
THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS, AND MAY NOT BE OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
OR AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION.

 

FOR VALUE RECEIVED, Globalwise
Investments, Inc., a Nevada corporation (the “Company”), hereby agrees to sell upon the terms
and on the conditions hereinafter set forth, to MATTHEW L. CHRETIEN, having an address at 2150 Olentangy Ridge Place, Powell, OH
43065, or his, her or its registered assigns (the “Holder”), under the terms as hereinafter set forth,
three million five hundred thousand (3,500,000) fully paid and non-assessable shares of the Company’s Common Stock, par value
$0.001 per share (the “Common Stock”), at a purchase price per share of one-tenth of one cent
($0.001) (the “Warrant Price”), pursuant to the terms and conditions set forth
in this warrant (this “Warrant”). The number of shares of Common Stock issued upon exercise of this Warrant
(“Warrant Shares”) and the Warrant Price are subject to adjustment in certain events as hereinafter set
forth. 

 

This Warrant is issued
to the Holder as consideration for the Holder returning [three million five hundred thousand (3,500,000)] Common Stock owned by
the Holder to the Company pursuant to a Return to Treasury Agreement, of even date, between the Holder and the Company (the “Retired
Shares”) substantially in the form attached to this Warrant as Exhibit C. The Company and the Holder have determined that
the return of 3,500,000 of the Common Stock owned by the Holder to the Company’s treasury is in the best interest of the
Company and its shareholders because the Retired Shares are needed by the Company to raise funds in a proposed private placement
of up to $3,000,000 of Common Stock to select accredited investors subsequent to the Holder returning the Retired Shares to the
Company (the “Private Placement”);

 

1.                  
Exercise of Warrant.

 

(a)                
Subject to Section 3 hereof, the Holder may exercise this Warrant according to the terms and conditions set forth herein
by delivering to the Company, at the address set forth in Section 10 prior to 5:00 p.m., Eastern Time, at any time prior to the
Expiration Date (such date of exercise, the “Exercise Date”) (i) this Warrant, (ii) the Subscription
Form attached hereto as Exhibit A (the “Subscription Form”) (having then been duly executed by
the Holder), and (iii) cash, a certified check or a bank draft in payment of the purchase price, in lawful money of the United
States of America, for the number of Warrant Shares specified in the Subscription Form.

 

(b)                
This Warrant may be exercised in whole or in part so long as any exercise in part hereof would not involve the issuance
of fractional Warrant Shares. If exercised in part, the Company shall deliver to the Holder a new Warrant, identical in form to
this Warrant, in the name of the Holder, evidencing the right to purchase the number of Warrant Shares as to which this Warrant
has not been exercised, which new Warrant shall be signed by the President or Chief Executive Officer of the Company. The term
Warrant as used herein shall include any subsequent Warrant issued as provided herein.

 

(c)                
No fractional Warrant Shares or scrip representing fractional Warrant Shares shall be issued upon the exercise of this Warrant.
The Company shall pay cash in lieu of such fractional Warrant Shares. The price of a fractional Warrant Share shall equal the product
of (i) the closing price of the Common Stock on the exchange or market on which the Common Stock is then traded (if the Common
Stock is not then publicly traded, then upon the fair market value per share of the Common Stock (as determined by the Company’s
Board of Directors)), and (ii) the applicable fraction.

 

    	1

    	 

    

 

(d)                
In the event of any exercise of the rights represented by this Warrant, a certificate or certificates for Warrant Shares
so purchased, registered in the name of the Holder on the stock transfer books of the Company, shall be delivered to the Holder
within 90-days after such rights shall have been so exercised. The person or entity in whose name any certificate for Warrant Shares
is issued upon exercise of the rights represented by this Warrant shall for all purposes be deemed to have become the holder of
record of such Warrant Shares immediately prior to the close of business on the date on which the Warrant was surrendered and payment
of the Warrant Price and any applicable taxes was made, irrespective of the date of delivery of such certificate, except that,
if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall
be deemed to have become the holder of such shares at the opening of business on the next succeeding date on which the Company’s
stock transfer books are open. Except as provided in Section 4 hereof, the Company shall pay any and all documentary stamp or similar
issue payable in respect of the issue or delivery of Warrant Shares on exercise of this Warrant.

 

(e)                
The Company will not close its stockholder books or records in any manner which prevents the timely exercise of this Warrant,
pursuant to the terms hereof.

 

2.                  
Disposition of Warrant Shares and Warrant.

 

(a)                
The Holder hereby acknowledges that: (i) this Warrant and any Warrant Shares purchased pursuant hereto are not being registered
(A) under the Securities Act of 1933 (the “Act”) on the ground that the issuance of this Warrant is exempt
from registration under Section 4(2) of the Act as not involving any public offering, or (B) under any applicable state securities
law because the issuance of this Warrant does not involve any public offering; and (ii) that the Company’s reliance on the
registration exemption under Section 4(2) of the Act and under applicable state securities laws is predicated in part on the representations
hereby made to the Company by the Holder. The Holder represents and warrants that he, she or it is acquiring this Warrant and will
acquire Warrant Shares for investment for his, her or its own account, with no present intention of dividing his, her or its participation
with others or reselling or otherwise distributing this Warrant or Warrant Shares.

 

(b)                
The Holder hereby agrees that he, she or it will not sell, transfer, pledge or otherwise dispose of (collectively, “Transfer”)
all or any part of this Warrant and/or Warrant Shares unless and until he, she or it shall have first have given notice to the
Company describing such Transfer and furnished to the Company (i) a statement from the transferee, whereby the transferee represents
and warrants that he, she, or it is acquiring this Warrant and will acquire Warrant Shares, as applicable, for investment for his,
her or its own account, with no present intention of dividing his, her or its participation with others or reselling or otherwise
distributing this Warrant or Warrant Shares, as applicable, and either (ii) an opinion, reasonably satisfactory to counsel for
the Company, of counsel (competent in securities matters, selected by the Holder and reasonably satisfactory to the Company) to
the effect that the proposed Transfer may be made without registration under the Act and without registration or qualification
under any state law, or (iii) an interpretative letter from the U.S. Securities and Exchange Commission to the effect that no enforcement
action will be recommended if the proposed sale or transfer is made without registration under the Act.

 

(c)                
If, at the time of issuance of Warrant Shares, no registration statement is in effect with respect to such shares under
applicable provisions of the Act, the Company may, at its election, require that (i) the Holder provide written reconfirmation
of the Holder’s investment intent to the Company, and (ii) any stock certificate evidencing Warrant Shares shall bear legends
reading substantially as follows:

 

“THE SALE, TRANSFER, PLEDGE OR
OTHER DISPOSITION OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS SET FORTH IN THE WARRANT PURSUANT
TO WHICH THESE SHARES WERE PURCHASED FROM THE COMPANY. COPIES OF SUCH RESTRICTIONS ARE ON FILE AT THE PRINCIPAL OFFICES OF THE
COMPANY. NO TRANSFER OF SUCH SHARES OR OF THIS CERTIFICATE (OR OF ANY SHARES OR OTHER SECURITIES (OR CERTIFICATES THEREFOR) ISSUED
IN EXCHANGE FOR OR IN RESPECT OF SUCH SHARES) SHALL BE EFFECTIVE UNLESS AND UNTIL THE TERMS AND CONDITIONS SET FORTH IN THE WARRANT
HAVE BEEN COMPLIED WITH.”

 

    	2

    	 

    

 

“THE SHARES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED
OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (THE “ACT”) OR AN OPINION
OF COUNSEL SATISFACTORY TO THE ISSUER OF THIS CERTIFICATE THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.”

 

In addition, so long as the foregoing legend
may remain on any stock certificate evidencing Warrant Shares, the Company may maintain appropriate “stop transfer”
orders with respect to such certificates and the shares represented thereby on its books and records and with those to whom it
may delegate registrar and transfer functions.

 

3.                  
Reservation of Shares. The Holder and the Company understand that following the Private Placement,
the Company will not have sufficient number of authorized shares for issuance if this Warrant is exercised by the Holder. As such,
the Company agrees to, within a reasonable time following the Private Placement, seek shareholder approval to increase the number
of authorized shares by at least seven million (7,000,000) shares, such that the Holder can exercise this Warrant in its entirety
and any other shareholders who return shares to the Company’s treasury and are issued warrants similar to this Warrant are
able to exercise such other warrants in its entirety. Upon obtaining shareholder approval, the Company shall immediately file
a certificate of amendment to the Company’s Articles of Incorporation with the Nevada Secretary of State to effectuate the
increase in the number of shares of Common Stock that are duly authorized (the “Certificate of Amendment”).

 

The Company and Holder
agree that the Holder shall have a right of first refusal to exercise the Warrant in its entirety prior to the Company issuing
any shares of Common Stock to anyone in any transaction subsequent to the completion of the Private Placement. The Holder’s
right to exercise this Warrant shall remain effective for a four-year period following shareholder authorization of the Newly Authorized
Shares. The Holder understands and acknowledges that (i) the Company shall not reserve any shares of the Company’s Common
Stock for issuance upon exercise of this Warrant unless and until the Certificate of Amendment has been duly filed and is effective,
and (ii) the Warrant cannot be exercised unless and until the Certificate of Amendment has been duly filed and is effective.

 

The Company hereby
agrees that at all times following effectiveness of the Certificate of Amendment, there shall be reserved for issuance a sufficient
number of shares to allow for the exercise of this Warrant in full. The Company hereby represents and warrants that upon effectiveness
of the Certificate of Amendment, all Warrant Shares will be duly authorized and will, upon issuance and payment of the exercise
price therefor, be validly issued, fully paid and non-assessable, free from all taxes, liens, charges and encumbrances with respect
to the issuance thereof, other than taxes, if any, in respect of any transfer occurring contemporaneously with such issuance and
other than transfer restrictions imposed by federal and state securities laws.

 

Except and to the extent
as waived or consented to by the Holder, the Company shall not by any action, including, without limitation, amending its certificate
or articles of incorporation 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 of this Warrant,
but will at all times in good faith assist in the carrying out of all such terms and in the taking of all such actions as may be
necessary or appropriate to protect the rights of Holder as set forth in this Warrant. Without limiting the generality of the foregoing,
the Company will (a) not increase the par value of any Warrant Shares above the amount payable therefor upon such exercise immediately
prior to such increase in par value, (b) take all such action as may be necessary or appropriate in order that the Company may
validly and legally issue fully paid and nonassessable Warrant Shares upon the exercise of this Warrant, and (c) use commercially
reasonable efforts to obtain all such authorizations, exemptions or consents from any public regulatory body having jurisdiction
thereof as may be necessary to enable the Company to perform its obligations under this Warrant.

 

    	3

    	 

    

 

Before taking any action
which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or in the Exercise Price,
the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be necessary from any public
regulatory body or bodies having jurisdiction thereof.

 

4.                  
Exchange, Transfer or Assignment of Warrant. Subject to Section 2 and Section 3, this Warrant
is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the
office of its stock transfer agent, if any, for other Warrants of the Company (“Warrants”) of different
denominations, entitling the Holder or Holders thereof to purchase in the aggregate the same number of Warrant Shares purchasable
hereunder. Subject to Section 2 and Section 3, upon surrender of this Warrant to the Company or at the office of its stock transfer
agent, if any, together with (a) the Assignment Form attached hereto as Exhibit B (the “Assignment Form”)
duly executed, (b) an opinion of counsel to the Holder (if required by the Company), in a form reasonably acceptable to the Company,
that registration under the Securities Act is not required, and (c) funds sufficient to pay any transfer tax, the Company shall,
without charge, execute and deliver a new Warrant in the name of the assignee named in the Assignment Form and this Warrant shall
promptly be canceled. Subject to Section 2 and Section 3, this Warrant may be divided or combined with other Warrants that carry
the same rights upon presentation hereof at the office of the Company or at the office of its stock transfer agent, if any, together
with a written notice specifying the names and denominations in which new Warrants are to be issued and signed by the Holder hereof.

 

5.                  
Capital Adjustments. This Warrant is subject to the following further provisions:

 

(a)                
Recapitalization, Reclassification and Succession. If any recapitalization of the Company or reclassification of
its Common Stock or any merger or consolidation of the Company into or with a corporation or other business entity, or the sale
or transfer of all or substantially all of the Company’s assets or of any successor corporation’s assets to any other
corporation or business entity (any such corporation or other business entity being included within the meaning of the term “successor
corporation”) shall be effected, at any time while this Warrant remains outstanding and unexpired, then, as a condition of
such recapitalization, reclassification, merger, consolidation, sale or transfer, lawful and adequate provision shall be made whereby
the Holder of this Warrant thereafter shall have the right to receive upon the exercise hereof as provided in Section 1 and in
lieu of the Warrant Shares immediately theretofore issuable upon the exercise of this Warrant, such shares of capital stock, securities
or other property as may be issued or payable with respect to or in exchange for the number of outstanding shares of Common Stock
equal to the number of Warrant Shares immediately theretofore issuable upon the exercise of this Warrant had such recapitalization,
reclassification, merger, consolidation, sale or transfer not taken place, and in each such case, the terms of this Warrant shall
be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after such consummation.

 

(b)                
Subdivision or Combination of Shares. If the Company at any time while this Warrant remains outstanding and unexpired
shall subdivide or combine its Common Stock, the number of Warrant Shares purchasable upon exercise of this Warrant shall be proportionately
adjusted.

 

(c)                
Stock Dividends and Distributions. If the Company at any time while this Warrant is outstanding and unexpired shall
issue or pay the holders of its Common Stock, or take a record of the holders of its Common Stock for the purpose of entitling
them to receive, a dividend payable in, or other distribution of, Common Stock, then the number of Warrant Shares purchasable upon
exercise of this Warrant shall be adjusted to the number of shares of Common Stock that Holder would have owned immediately following
such action had this Warrant been exercised immediately prior thereto.

 

(d)                
Price Adjustments. Whenever the number of Warrant Shares purchasable upon exercise of this Warrant is adjusted pursuant
to Sections 5(a), 5(b) or 5(c), the then applicable Warrant Price shall be proportionately adjusted.

 

    	4

    	 

    

 

(e)                
Certain Shares Excluded. The number of shares of Common Stock outstanding at any given time for purposes of the adjustments
set forth in this Section 5 shall exclude any shares then directly or indirectly held in the treasury of the Company.

 

(f)                 
Deferral and Cumulation of De Minimis Adjustments. The Company shall not be required to make any adjustment pursuant
to this Section 5 if the amount of such adjustment would be less than one percent (1%) of the Warrant Price in effect immediately
before the event that would otherwise have given rise to such adjustment. In such case, however, any adjustment that would otherwise
have been required to be made shall be made at the time of and together with the next subsequent adjustment which, together with
any adjustment or adjustments so carried forward, shall amount to not less than one percent (1%) of the Warrant Price in effect
immediately before the event giving rise to such next subsequent adjustment. All calculations under this Section 5 shall be made
to the nearest cent or to the nearest one-hundredth of a share, as the case may be, but in no event shall the Company be obligated
to issue fractional Warrant Shares or fractional portions of any securities upon the exercise of the Warrant.

 

(g)                
Duration of Adjustment. Following each computation or readjustment as provided in this Section 5, the new adjusted
Warrant Price and number of Warrant Shares purchasable upon exercise of this Warrant shall remain in effect until a further computation
or readjustment thereof is required.

 

(h)                
Notwithstanding any other provision, the Company shall have the right to increase the number of authorized shares and outstanding
shares without the Holder receiving any additional Warrant or Warrant Shares as a result thereof.

 

6.                  
Notice to Holders.

 

(a)                
Notice of Record Date. In case:

 

(i)                  
the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable
upon the exercise of this Warrant) for the purpose of entitling them to receive any dividend (other than a cash dividend payable
out of earned surplus of the Company) or other distribution, or any right to subscribe for or purchase any shares of stock of any
class or any other securities, or to receive any other right;

 

(ii)                
of any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation
with or merger of the Company into another corporation, or any conveyance of all or substantially all of the assets of the Company
to another corporation; or

 

(iii)               
of any voluntary dissolution, liquidation or winding-up of the Company;

 

then, and in each such case, the Company
will mail or cause to be mailed to the Holder hereof at the time outstanding a notice specifying, as the case may be, (i) the date
on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character
of such dividend, distribution or right, or (ii) the date on which such reorganization, reclassification, consolidation, merger,
conveyance, dissolution, liquidation or winding-up is to take place, and the time, if any, is to be fixed, as of which the holders
of record of Common Stock (or such stock or securities at the time receivable upon the exercise of this Warrant) shall be entitled
to exchange their shares of Common Stock (or such other stock or securities) for securities or other property deliverable upon
such reorganization, reclassification, consolidation, merger, conveyance, dissolution or winding-up. Such notice shall be mailed
at least ten (10) calendar days prior to the record date therein specified, or if no record date shall have been specified therein,
at least ten (10) days prior to such specified date.

 

(b)                
Certificate of Adjustment. Whenever any adjustment shall be made pursuant to Section 5 hereof, the Company shall
promptly make available and have on file for inspection a certificate signed by its Chairman, Chief Executive Officer, President
or a Vice President, setting forth in reasonable detail the event requiring the adjustment, the amount of the adjustment, the method
by which such adjustment was calculated and the Warrant Price and number of Warrant Shares purchasable upon exercise of this Warrant
after giving effect to such adjustment.

 

    	5

    	 

    

 

7.                  
Loss, Theft, Destruction or Mutilation. Upon receipt by the Company of evidence satisfactory to
it, in the exercise of its reasonable discretion, of the ownership and the loss, theft, destruction or mutilation of this Warrant
and, in the case of loss, theft or destruction, of indemnity reasonably satisfactory to the Company and, in the case of mutilation,
upon surrender and cancellation thereof, the Company will execute and deliver in lieu thereof, without expense to the Holder,
a new Warrant of like tenor dated the date hereof.

 

8.                  
Warrant Holder Not a Stockholder. The Holder of this Warrant, as such, shall not be entitled by
reason of this Warrant to any rights whatsoever as a stockholder of the Company, including but not limited to voting rights. No
provision hereof, in the absence of any affirmative action by Holder to exercise this Warrant to purchase Warrant Shares, and
no enumeration herein of the rights or privileges of Holder, shall give rise to any liability of Holder for the purchase price
of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company or by creditors of the
Company.

 

9.                  
Registration Rights. The Company
shall include the Warrant Shares in any registration statement the Company files with the Securities and Exchange Commission
during the time the Warrant remains outstanding, if applicable.

 

10.               
Notices. Any notice provided for in this Warrant must be in writing and must be either personally
delivered, mailed by first class mail (postage prepaid and return receipt requested), or sent by reputable overnight courier service
(charges prepaid) to the recipient at the address below indicated:

 

If to the Company:

 

Globalwise Investments, Inc.

2190 Dividend Drive,

Columbus, OH 43228

Attention: William “BJ” Santiago

President and Chief Executive Officer

 

 

If to the Holder:

 

To the address of such
Holder set forth on the books and records of the Company, and to:

 

Steven L. Smith Esq

Attorney at Law

Shumaker, Loop &
Kendrick LLP

Huntington Center

41 South High Street

Suite 2400

Columbus Ohio 43215-6104

614.628.4424 direct

 

 

or such other address
or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party.
Any notice under this Warrant will be deemed to have been given (a) if personally delivered, upon such delivery, (b) if mailed,
five days after deposit in the U.S. mail, or (c) if sent by reputable overnight courier service, one business day after such services
acknowledges receipt of the notice.

 

11.               
Choice of Law. THIS WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF OHIO, WITHOUT GIVING EFFECT TO ITS CONFLICTS OF LAW RULES.

 

    	6

    	 

    

 

12.               
Submission to Jurisdiction. EACH OF THE HOLDER AND THE COMPANY SUBMITS TO THE JURISDICTION OF
ANY STATE OR FEDERAL COURT SITTING IN THE COUNTY OF FRANKLIN, STATE OF OHIO, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING
TO THIS WARRANT AND AGREES THAT ALL CLAIMS IN RESPECT OF THE ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT.
EACH OF THE HOLDER AND THE COMPANY ALSO AGREE NOT TO BRING ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS WARRANT
IN ANY OTHER COURT. EACH OF THE PARTIES WAIVES ANY DEFENSE OF INCONVENIENT FORUM TO THE MAINTENANCE OF ANY ACTION OR PROCEEDING
SO BROUGHT AND WAIVES ANY BOND, SURETY, OR OTHER SECURITY THAT MIGHT BE REQUIRED OF ANY OTHER PARTY WITH RESPECT THERETO.

 

13.               
Warrant Register. The Company shall register this Warrant, upon records to be maintained by the
Company for that purpose (the “Warrant Register”), in the name of the record Holder hereof from time
to time. The Company may deem and treat the registered Holder of this Warrant as the absolute owner hereof for the purpose of
any exercise hereof or any distribution to the Holder, and for all other purposes, absent actual notice to the contrary.

 

14.               
Miscellaneous.

 

(a)                
Remedies. Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages,
will be entitled to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to
waive and not to assert the defense in any action for specific performance that a remedy at law would be adequate.

 

(b)                
Successors and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced
hereby shall inure to the benefit of and be binding upon the successors of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of all Holders from time to time of this Warrant and
shall be enforceable by any such Holder or holder of Warrant Shares.

 

(c)                
Amendment. This Warrant may be modified or amended or the provisions hereof waived with the written consent of the
Company and the Holder.

 

(d)                
Severability. Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective
and valid under applicable law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such
provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions
or the remaining provisions of this Warrant.

 

 

IN WITNESS WHEREOF, the Company has duly
caused this Warrant to be signed on its behalf, in its corporate name and by a duly authorized officer, as of this 15th day of
February 2013.

 

 

	 	GLOBALWISE INVESTMENTS, INC.
	 	 
	 	By: 	/s/ William J. Santiago
	 	 	William J. Santiago

President and Chief Executive Officer

 

    	7

    	 

    

 

 

EXHIBIT A

 

SUBSCRIPTION
FORM

 

Globalwise Investments, Inc.

2190 Dividend Drive,

Columbus, OH 43228

Attention: William “BJ” Santiago

President and Chief Executive Officer

 

		1)	The undersigned hereby elects to purchase ______________ shares of Warrant Stock of Globalwise
Investments, Inc., a Nevada corporation, pursuant to the terms of the attached Warrant to Purchase Common Stock, and tenders herewith
payment of the exercise price in full, together with all applicable transfer taxes, if any.

 

		2)	Payment shall take the form of (check applicable box):

 

 ̈in lawful money of the United States;

 

 ̈the cancellation of __________
Warrant Shares in order to exercise this Warrant with respect to ____________ Warrant Shares (using a Fair Market Value of $______
for this calculation), in accordance with the formula and procedure set forth in Section 1(c) of the Warrant; or

 

 ̈the cancellation of such
number of Warrant Shares as is necessary, in accordance with the formula and procedure set forth in Section 1(c) of the Warrant,
to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to a cashless exercise.

 

		3)	Please issue a certificate or certificates representing said shares of Warrant Stock in the name
of the undersigned or in such other name as is specified below:

 

 

The shares of Warrant
Stock shall be delivered to the following DWAC Account Number, if permitted, or by physical delivery of a certificate to:

 

 

 

 

 

 

 

		4)	if such number of shares of Common Stock shall not be all the shares receivable upon exercise of
the attached Warrant, requests that a new Warrant for the balance of the shares covered by the attached Warrant be registered in
the name of, and delivered to:

 

 

 

 

 

 

 

		5)	In lieu of receipt of a fractional share of Common Stock, the undersigned will receive a check
representing payment therefor.

 

    	A-1

    	 

    

 

 

	 	 	 	 
	Dated: 	 	 	

PRINT WARRANT HOLDER NAME
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	

Name: 

Title:
	 	 	 
	
        Witness:

        
	 	 	 
	 	 	 	 
	 	 	 

 

    	2

    	 

    

 

EXHIBIT B

 

ASSIGNMENT
FORM

 

Globalwise Investments, Inc.

2190 Dividend Drive,

Columbus, OH 43228

Attention: William “BJ” Santiago

President and Chief Executive Officer

 

 

FOR VALUE RECEIVED, ________________hereby sells, assigns
and transfers unto

 

(Please print assignee’s name, address
and Social Security/Tax Identification Number)

 

________________________________________________

 

________________________________________________

 

________________________________________________

 

the right to purchase shares of common
stock, par value $0.001 per share, of Globalwise Investments, Inc., a Nevada corporation (the “Company”),
represented by this Warrant to the extent of shares as to which such right is exercisable and does hereby irrevocably constitute
and appoint ____________________________, Attorney, to transfer the same on the books of the Company with full power of substitution
in the premises.

 

	Dated: 	 	 	
 
	 	 	 	PRINT WARRANT HOLDER NAME
	 	 	 	 
	 	 	 	 
	 	 	 	

Name: 

Title:
	 	 	 
	
        Witness:

        

        
	 	 	 
	 	 	 	 
	 	 	 

 

    	B-1

    	 

    

  

EXHIBIT C

 

[FORM OF RETURN TO TREASURY AGREEMENT]

 

RETURN TO TREASURY AGREEMENT

 

THIS AGREEMENT (“Agreement”) is made as of the
15th day of February, 2013, by and between Globalwise Investments, Inc., a corporation formed pursuant to the laws of the State
of Nevada (the “Company” or “Globalwise”) and Matthew L. Chretien (the “Shareholder”).

 

RECITALS

 

WHEREAS, the Shareholder is a member of the Board of Directors
and an Officer of the Company, and is the registered and beneficial owner of 9,774,300 restricted shares of the Company’s
common stock (collectively, the “Shares”);

 

WHEREAS, on February 10, 2012, Globalwise entered into a
Securities Exchange Agreement (the “Exchange Agreement”) by and between itself and Intellinetics, Inc. Pursuant to
the terms of the Exchange Agreement, all of the former shareholders of Intellinetics transferred to Globalwise all of their shares
of Intellinetics in exchange for shares of common stock (“Intellinetics-Globalwise Share Exchange”) of Globalwise.
Prior to the Intellinetics-Globalwise Share Exchange, Globalwise was a non-operating public shell company. As a result of the Intellinetics-Globalwise
Share Exchange, Intellinetics became a wholly-owned subsidiary of Globalwise;

 

WHERAS, the Shareholder was a former shareholder of Intellinetics
and received his Shares in consideration for exchanging his Intellinetics shares in the Intellinetics-Globalwise Share Exchange
described in the immediately preceding recital above;

 

WHEREAS, pursuant to the this Agreement, the Company and
the Shareholder have determined that the return of 3,500,000 of the Shares owned by the Shareholder (the “Retired Shares”)
to the Company’s treasury is in the best interest of the Company and its shareholders because the Retired Shares are needed
by the Company to raise funds in a proposed private placement of up to $3,000,000 of Shares to select accredited investors subsequent
to the Shareholder returning the Retired Shares to the Company (the “Private Placement”); and

 

WHEREAS, as consideration for the Shareholder returning
the Retired Shares to the Company’s treasury, the Company has agreed to issue a four-year warrant to the Shareholder with
a right to purchase 3,500,000 Shares at $0.001 per Share within four-years of the Company increasing the number of authorized shares
of Common Stock of the Company (the “Warrant”), pursuant to the terms and conditions contained in the form of Warrant
attached hereto as Exhibit A.

 

NOW THEREFORE for due consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

Surrender of Shares

 

1.The Shareholder hereby surrenders to the Company the Retired
Shares by delivering to the Company a share certificate or certificates representing the Retired Shares, duly endorsed for transfer
in blank, signatures medallion guaranteed. The Company hereby acknowledges receipt from the Shareholder of the certificates for
the sole purpose of retiring the Retired Shares.

 

Issuance of Warrant

 

2.The Company hereby agrees to issue the Warrant to the
Shareholder within five (5) business days.

 

    	C-2

    	 

    

 

Representations and Warranties of the Shareholder

 

3.The Shareholder represents and warrants to the Company
that he is the owner of the Retired Shares, that he has good and marketable title to the Retired Shares, and that the Retired Shares
are free and clear of all liens, security interests or pledges of any kind whatsoever.

 

Indemnification of the Company by the Shareholder

 

4.The Shareholder agrees to indemnify the Company, and hold
it harmless from and in respect of any assessment, loss, damage, liability, cost and expense (including, without limitation, interest,
penalties, and reasonable attorneys’ fees) imposed upon or incurred by the Company resulting from any breach of representation
or warranty, in any material respect, made by the Shareholder pursuant to Section 3 of this Agreement. If any claim, action or
proceeding is brought against the Company arising out of a claim that is the subject of indemnification under this Agreement, the
Company shall provide the Shareholder with prompt written notice of the same, together with the basis for seeking indemnification
(the “Indemnification Notice”). Upon receipt of an Indemnification Notice by the Shareholder, the Shareholder shall
inform the Company (delivering the Indemnification Notice), within 5 business days after receipt of the Indemnification Notice,
whether Shareholder elects to compromise or defend such claim, action or proceeding. The Shareholder shall have the right, at its
option, to compromise the claim, at its own expense. In the event the Shareholder elects to defend, the Company shall have the
right to control the defense of any claim brought against him that is the subject of this indemnification. All costs and expenses
incurred, including reasonable legal fees, in connection with the compromise or defense of any claim shall be paid by the Shareholder.

 

Representation and Warranties of the Company

 

5. The Company has all requisite corporate power and authority
to enter into this Agreement and issue the Warrant in accordance with the terms hereof and thereof, and the execution and delivery
of this Agreement and the issuance of the Warrant by the Company have been duly authorized by the Company’s Board of Directors
and, except as set forth in the Warrant, no further consent or authorization of the Company, its Board of Directors, or its stockholders,
is required.

 

Indemnification of the Shareholder by the Company

 

6.The Company agrees to indemnify the Shareholder, and hold
it harmless from and in respect of any assessment, loss, damage, liability, cost and expense (including, without limitation, interest,
penalties, and reasonable attorneys’ fees) imposed upon or incurred by the Shareholder resulting from any breach of representation
or warranty, in any material respect, made by the Company pursuant to Sections 2 and 5 of this Agreement. If any claim, action
or proceeding is brought against the Shareholder arising out of a claim that is the subject of indemnification under this Agreement,
the Shareholder shall provide the Company with prompt written notice of the same, together with the basis for seeking indemnification
(the “Shareholder Indemnification Notice”). Upon receipt of a Shareholder Indemnification Notice by the Company, the
Company shall inform the Shareholder (delivering the Shareholder Indemnification Notice), within 5 business days after receipt
of the Shareholder Indemnification Notice, whether the Company elects to compromise or defend such claim, action or proceeding.
The Company shall have the right, at its option, to compromise the claim, at its own expense. In the event the Company elects to
defend, the Shareholder shall have the right to control the defense of any claim brought against him that is the subject of this
indemnification. All costs and expenses incurred, including reasonable legal fees, in connection with the compromise or defense
of any claim shall be paid by the Company.

 

General

 

7.Each of the parties will execute and deliver such further
and other documents and do and perform such further and other acts as any other party may reasonably require to carry out and give
effect to the terms and intention of this Agreement.

 

8.For all purposes this Agreement will be governed exclusively
by and construed and enforced in accordance with the laws of the State of Ohio and the Courts prevailing in Franklin County in
the State of Ohio.

 

    	C-3

    	 

    

 

9. Any and all notices or other communications or deliveries
required or permitted to be provided hereunder shall be in writing and shall be deemed given and effective on the date of transmission,
if such notice or communication is delivered the second day following the date of mailing, if sent by U.S. nationally recognized
overnight courier service. Notices to the Shareholder shall be given to the attention of Matthew L. Chretien, at his address at
2150 Olentangy Ridge Place, Powell, OH 43065. Notices to the Company shall be given to the attention of William “BJ”
Santiago, President and Chief Executive Officer, Globalwise Investments, Inc., 2190 Dividend Drive, Columbus, OH 43228.

 

10.The provisions contained herein constitute the entire
agreement among the Company and the Shareholder with respect to the subject matter hereof and supersede all previous communications,
representations and agreements, whether verbal or written, between the Company and the Shareholder with respect to the subject
matter hereof.

 

11.This Agreement will enure to the benefit of and be binding
upon the parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

 

12. This Agreement is not assignable without the prior written
consent of the parties hereto.

 

13.This Agreement may be executed in counterparts, each
of which when executed by any party will be deemed to be an original and all of which counterparts will together constitute one
and the same Agreement. Delivery of executed copies of this Agreement by telecopier will constitute proper delivery, provided that
originally executed counterparts are delivered to the parties within a reasonable time thereafter.

 

IN WITNESS WHEREOF the parties have executed this Agreement
effective as of the day and year first above written.

 

Name: William J. Santiago

Title: President and CEO

 

 

 

Name: Matthew L. Chretien

 

    	C-4Exhibit 4.6

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

This Assignment and Assumption Agreement dated as of February
15, 2013 (the “Effective Date”) relates to:

 

		1.	The promissory note combination #7 agreement dated November 16, 2012, (the “Note Combination #7 Agreement”) combining
Alpharion Note #6, Alpharion Note #24, and Alpharion Note #27, (all such notes are hereinafter defined) with an aggregate principal
amount of $131,500;

		2.	The promissory note and subscription agreement dated November 15, 2011, in the principal amount of $300,000, at an interest
rate of 3.25% (the “Alpharion Note #4”); and

		3.	The promissory note and subscription agreement dated June 13, 2012, in the principal amount of $38,000, at an interest rate
of 3.25% (the “Alpharion Note #25”);

 

between Intellinetics, Inc. (the “Borrower” or “Assignor”),
and Alpharion Capital Partners, Inc. (the “Lender”). Unless otherwise defined herein, undefined terms used herein shall
have the meanings given to them as used in the context of Note Combination #7 Agreement, Alpharion Note #4, or Alpharion Note #25.

 

With respect to Note Combination #7 Agreement,
each of Alpharion Note #6, Alpharion Note #24, and Alpharion Note #27, shall mean:

 

Alpharion Note #6:

 

On December 1, 2011, the Borrower and Lender have
entered into a promissory note and subscription agreement dated December 1, 2011, in the principal amount of $7,500, at an interest
rate of 3.25% (the “Alpharion Note #6”).

 

Alpharion Note #24:

 

On May 21, 2012, the Borrower and Lender have entered
into a promissory note and subscription agreement dated May 21, 2012, in the principal amount of $50,000, at an interest rate of
3.25% (the “Alpharion Note #24”).

 

Alpharion Note #27:

 

On September 18, 2012, the Borrower and Lender have
entered into a promissory note and subscription agreement dated September 18, 2012, in the principal amount of $74,000, at an interest
rate of 3.25% (the “Alpharion Note #27”).

 

 

 

The Lender, the Assignor and Globalwise Investments, Inc. (the
“Assignee”) agree as follows:

 

1. The Lender consents and agrees to the assignment and assumption
as provided for in this Assignment and Assumption Agreement.

 

    	1

    	 

    

 

2. The Lender agrees that no default or event of default has
occurred since the parties entered into each of Note Combination #7 Agreement, Alpharion Note #4, and Alpharion Note #25 or if
any default or event of default has or had occurred with respect to each or any of Note Combination #7 Agreement, Alpharion Note
#4, and/or Alpharion Note #25, the Lender hereby agrees to have waived such default or event of default as if such waiver was granted
by the Lender before the occurrence of any such default or event of default.

 

3. The Assignor hereby irrevocably assigns to its parent-corporation,
the Assignee, without recourse to the Assignor, and the Assignee hereby irrevocably assumes from its wholly-owned subsidiary, the
Assignor, without recourse to the Assignor, as of the Effective Date, the principal and interest under each of Note Combination
#7 Agreement, Alpharion Note #4, and Alpharion Note #25 for an aggregate total of $489,211 (hereinafter collectively referred to
as the “Promissory Note”). Assignee hereby assumes, as its direct and primary obligation, the payment and performance
of all of the liabilities and obligations of Assignor under the Promissory Note, including, without limitation, the obligation
to pay the principal, interest and fees (if any) with respect to all such liabilities and obligations, and indemnification obligations
(if any) related thereto (collectively the “Assumed Obligations”) and hereby agrees to make all payments required under
Promissory Note in effect and to discharge the Assumed Obligations as they become due or are declared due. Assignee acknowledges
that Assignor has assigned to Assignee all of the rights of Assignor under the Promissory Note, all on the terms and subject to
the conditions set forth in the Promissory Note. From and after the date hereof, Assignee agrees to perform and discharge all of
the Assumed Obligations, including, without limitation, performance and observance of all of the covenants and conditions of the
Promissory Note to be performed or observed by Assignor thereunder or in connection therewith, and to be bound in all respects
by the terms of the Promissory Note as they relate to Assignor as if Assignee were an original signatory thereto. From and after
the date hereof, all references in the Promissory Note to Assignor as the “Borrower” as defined in the Promissory Note
shall be deemed to be a reference to Assignee as the Borrower.

 

4. The Assignee (a) represents and warrants that it is legally
authorized to enter into this Assignment and Assumption Agreement; (b) confirms that it has received a copy of the Promissory Note;
(c) agrees that it will be bound by the provisions of the Promissory Note and will perform in accordance with its terms all the
obligations which by the terms of the Promissory Note are required to be performed by it; and (d) makes all of the representations
and warranties set forth in the Promissory Note as of the Effective Date.

 

5. From and after the Effective Date, (a) the Assignee shall
be a party to the Promissory Note and, to the extent provided in this Assignment and Assumption Agreement, have the rights and
obligations of a Borrower thereunder and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided
in this Assignment and Assumption Agreement, relinquish its rights and be released from its obligations under the Promissory Note.

 

6. This Assignment and Assumption Agreement shall be governed
by and construed in accordance with the laws of the State of Ohio.

 

 

 

[Signature Page Follows]

 

    	2

    	 

    

  

IN WITNESS WHEREOF, the parties hereto have caused this Assignment
and Assumption Agreement to be executed as of the date first above written by their respective duly authorized signatories.

 

 

 

Intellinetics, Inc.

 

 

 

/s/ William J. Santiago

Name: William J. Santiago

Title: President and CEO

 

 

Globalwise Investments, Inc.

 

 

 

/s/ William J. Santiago

Name: William J. Santiago

Title: President and CEO

 

 

Consented and Agreed: 

 

 

 

/s/ Rick Hughes

Alpharion Capital Partners, Inc., as
Lender 

 

    	3

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