Document:

Exhibit 10.1

 

Execution Version

 

SECOND AMENDMENT TO CREDIT AGREEMENT

 

THIS SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”), dated and effective as of the 13th day of September, 2017 (the “Amendment Effective Date”), is entered into by and among Kirby Corporation, a Nevada corporation (the “Borrower”), the Lenders party hereto and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Administrative Agent”).

 

RECITALS

 

WHEREAS, the Borrower, the banks and other financial institutions or entities from time to time party thereto (the “Lenders”) and the Administrative Agent are parties to that certain Credit Agreement dated as of April 30, 2015 (as amended from time to time, the “Credit Agreement”);

 

WHEREAS, the Borrower has requested an amendment to certain provisions of the Credit Agreement in order to designate certain outstanding letters of credit previously issued by JPMorgan Chase Bank, N.A. for the account of Stewart & Stevenson LLC (“S&S”) as “Existing Letters of Credit” under and as defined in the Credit Agreement; and

 

WHEREAS, the Lenders and the Administrative Agent are willing to so amend the Credit Agreement subject to the terms and conditions set forth herein, provided that the Borrower ratifies and confirms all of its obligations under the Credit Agreement and the other Loan Documents;

 

NOW, THEREFORE, in consideration of the foregoing and the mutual covenants set forth in this Amendment, the Borrower, the Lenders and the Administrative Agent agree as follows:

 

1.             Defined Terms.  Unless otherwise defined herein, capitalized terms used herein have the meanings assigned to them in the Credit Agreement.

 

2.             Amendment to Credit Agreement.  The Credit Agreement is hereby amended to restate Schedule 1.01 thereto in its entirety as set forth on Schedule 1.01 attached hereto.

 

3.             Conditions to Effectiveness.  This Amendment shall be effective on the Amendment Effective Date upon satisfaction of the following conditions:

 

	 	
(a)

	
the Administrative Agent shall have received counterparts of this Amendment, duly executed by the Borrower and the Required Lenders;

 

		(b)	
the Administrative Agent shall have received counterparts of (i) that certain Assignment and Assumption Agreement, duly executed by S&S, as assignor, and the Borrower, as assignee, (ii) that certain Continuing Agreement, duly executed by Borrower and (iii) that certain Certificate of Authority, duly executed by the Borrower and S&S; and

 

		 (c)	
the acquisition by the Borrower of certain subsidiaries of S&S shall have been consummated pursuant to the Purchase and Sale Agreement, dated June 13, 2017, between S&S and the Borrower.

 

4.             Ratification.  The Borrower hereby ratifies all of its obligations under the Credit Agreement and the other Loan Documents, and agrees and acknowledges that the Credit Agreement and each of the other Loan Documents are and shall continue to be in full force and effect as amended and modified by this Amendment.  Nothing in this Amendment extinguishes, novates or releases any right, claim or entitlement of any of the Lenders or the Administrative Agent created by or contained in any of such documents nor is the Borrower released from any covenant, warranty or obligation created by or contained herein or therein.

 

5.             Representations and Warranties.  The Borrower hereby represents and warrants to the Lenders and the Administrative Agent that (a) this Amendment has been duly executed and delivered on behalf of the Borrower, (b) this Amendment constitutes a legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law, (c) the representations and warranties of the Borrower set forth in the Credit Agreement are true and correct in all material respects (without duplication of any materiality qualifiers contained therein) on and as of the date hereof, except to the extent such representations and warranties were made as of a specific date, in which case the same were true and correct in all material respects (without duplication of any materiality qualifier) as of such date, (d) no Default or Event of Default has occurred and is continuing, and (e) the execution, delivery and performance of this Amendment has been duly authorized by the Borrower.

 

6.             Indemnity.  The Borrower hereby ratifies the indemnification provisions contained in the Loan Documents, including, without limitation, Section 9.02 of the Credit Agreement, and agrees that this Amendment and losses, claims, damages and expenses related thereto shall be covered by such indemnities.

 

7.             Counterparts.  This Amendment may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Amendment by facsimile, emailed pdf or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.

 

8.             Amendment is a Loan Document; References to Credit Agreement.  This Amendment is a Loan Document, as defined in the Credit Agreement.  All references in the Credit Agreement to “this Agreement” shall mean the Credit Agreement as amended by this Amendment.

 

9.             Governing Law.  This Amendment shall be construed in accordance with and governed by the law of the State of Texas.

 

-2-

10.           Final Agreement of the Parties.  THIS AMENDMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES

 

[Signature Pages Follow]

 

-3-

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

 

	
BORROWER:

	
KIRBY CORPORATION,

		a Nevada corporation 
	 	 	 
	 	
By:

	
/s/ David W. Grzebinski

	 	 	
David W. Grzebinski

	 	 	
President and Chief Executive Officer

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
ADMINISTRATIVE AGENT

	
JPMORGAN CHASE BANK, N.A.

	
AND LENDER:

	 	 
	 	 	 
	 	
By:

	
/s/ Laura Woodward

	 	 	
Laura Woodward

	 	 	
Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
BANK OF AMERICA, N.A.

	 	 	 
	 	
By:

	
/s/ Desaree G. Lopez

	 	
Name:

	
Desaree G. Lopez

	 	
Title:

	
Assistant Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
WELLS FARGO BANK, NATIONAL ASSOCIATION

	 	 	 
	 	
By:

	
/s/ Warren R. Ross

	 	
Name:

	
Warren R. Ross

	 	
Title:

	
Senior Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
U.S. BANK NATIONAL ASSOCIATION

	 	 	 
	 	
By:

	
/s/ Michael P. Dickman

	 	
Name:

	
Michael P. Dickman

	 	
Title:

	
Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
BRANCH BANKING AND TRUST COMPANY

	 	 	 
	 	
By:

	
/s/ David Miller

	 	
Name:

	
David Miller

	 	
Title:

	
Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
THE NORTHERN TRUST COMPANY

	 	 	 
	 	
By:

	
/s/ Keith L. Burson

	 	
Name:

	
Keith L. Burson

	 	
Title:

	
Senior Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
ROYAL BANK OF CANADA

	 	 	 
	 	
By:

	
/s/ Phillippe Pepin

	 	
Name:

	
Phillippe Pepin

	 	
Title:

	
Authorized Signatory

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
BOKF, NA DBA BANK OF TEXAS

	 	 	 
	 	
By:

	
/s/ Marian Livingston

	 	
Name:

	
Marian Livingston

	 	
Title:

	
Senior Vice President

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

	
LENDER:

	
ZB, N.A. DBA AMEGY BANK

	 	 	 
	 	
By:

	
/s/ Natalie Garza

	 	
Name:

	
Natalie Garza

	 	
Title:

	
SVP

 

Signature Page to Second Amendment to Credit Agreement

(Kirby Corporation)

 

SCHEDULE 1.01

 

EXISTING LETTERS OF CREDIT

 

	
Reference

Number

	
Available

Amount

	
Date

	
Expiry Date

	
Beneficiary Name

	
Auto Extension

Period

	
Final

Expiry Date

	
CDCS-391192

	
$1,518,723.05

	
4/19/2012

	
10/1/2017

	
NUKLEARNA ELEKTRARNA KRSKO, D.O.O.

	
12 MONTHS

	
10/1/2017

	
CDCS-751594

	
$123,250.00

	
3/18/2015

	
5/31/2018

	
NUKLEARNA ELEKTRARNA KRSKO, D.O.O.

	 	
-

	
CTCS-155793

	
$1,000,000.00

	
5/8/2017

	
8/20/ 2018

	
BANCO DE BOGOTA

	
-

	
-

	
CTCS-246258

	
$5,850,000.00

	
3/16/2006

	
1/23/2018

	
ZURICH AMERICAN INSURANCE CO.

	
12 MONTHS

	
-

	
CTCS-155797

	
$397,812.35

	
8/11/2017

	
9/15/2018

	
GULF BANK K.S.C.P.

	
-

	
-

	
CTCS-422529

	
$325,005.00

	
3/22/2013

	
1/22/2018

	
AFIANZADORA SOFIMEX SA

	
-

	
-

	
CTCS-434582

	
$35,803.16

	
9/24/2015

	
10/15/2017

	
TRADE BANK OF IRAQ

	
-

	
-

	
CTCS-434583

	
$11,602.10

	
11/16/2015

	
10/31/2017

	
TRADE BANK OF IRAQ

	
-

	
-

	
CTCS-651330

	
$300,000.00

	
7/10/2006

	
9/30/2017

	
JPMORGAN CHASE BANK, N.A., covering ENSP contract dated September 3, 2005

	
3 MONTHS

	
-NEITHER
THE ISSUANCE AND THE SALE OF THE SECURITIES REPRESENTED BY THIS WARRANT NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144a UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

Right
to Purchase [Insert Amount of Shares] shares of Common Stock of Blink Charging
Co. f/k/a Car Charging Group, Inc. (subject to adjustment as provided herein)

 

CLASS
A COMMON STOCK PURCHASE WARRANT

 

	No.____	Issue
    Date: ______________, 20__

 

BLINK
CHARGING CO. formerly known as CAR CHARGING GROUP, INC., a corporation organized under the laws of the State of Nevada (the “Company”),
hereby certifies that, for value received, [INSERT HOLDER NAME] or its assigns (the “Holder”), is entitled, subject
to the terms set forth below, to purchase from the Company at any time after the Issue Date until 5:00 p.m., E.S.T. on [INSERT
DATE] (the “Expiration Date”), up to [INSERT AMOUNT OF SHARES] fully paid and nonassessable shares of Common Stock
at the lower of (a) a per share purchase price of $35.00 or (b) a price equal to a twenty percent discount to the price per share
sold in any equity financing transaction within the next twelve months whereby the Company cumulatively receives at least one
million dollars. The aforedescribed purchase price per share, as adjusted from time to time as herein provided, is referred to
herein as the “Purchase Price.” The number and character of such shares of Common Stock and the Purchase Price are
subject to adjustment as provided herein. The Company may reduce the Purchase Price for some or all of the Warrants, temporarily
or permanently, provided such reduction is made as to all outstanding Warrants for all Holders of such Warrants.

 

As
used herein, the following terms, unless the context otherwise required, have the following respective meaning:

 

(a)
The term “Company shall mean Blink Charging Co., formerly known as Car Charging Group, Inc., a Nevada corporation, and any
corporation which shall succeed or assume the obligations of Blink Charging Co. hereunder.

 

(b)
The term “Common Stock” includes (i) the Company’s Common Stock, $0.001 par value per share, as authorized on
the date hereof, and (ii) any other securities into which or for which any of the securities described herein (i) may be converted
or exchanged pursuant to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

    	 

    	 

    

 

(c)
The terms “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company or
any other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have
received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or
shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 4 herein or otherwise.

 

(d)
The term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this Warrant.

 

1.
Exercise of Warrant.

 

1.1.
Number of Shares Issuable upon Exercise. From and after the Issue Date through and including the Expiration Date, the Holder
hereof shall be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of subsection 1.2 or
upon exercise of this Warrant in part in accordance with subsection 1.3, shares of
Common Stock of the Company, subject to adjustment pursuant to Section 4.

 

1.2.
Full Exercise. This Warrant may be exercised in full by the Holder hereof by delivery of an original,
scanned e-mail copy or facsimile copy of the form of subscription attached as Exhibit A hereto (the “Subscription
Form”) duly executed by such Holder and delivery within two days thereafter of payment, in cash, wire transfer or by certified
or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common
Stock for which this Warrant is then exercisable by the Purchase Price then in effect. The original Warrant is not required to
be surrendered to the Company until it has been fully exercised.

 

1.3.
Partial Exercise. This Warrant may be exercised in part (but not for a fractional share) by delivery of a Subscription
Form in the manner and at the place provided in subsection 1.2 except that the amount payable by the Holder on such partial exercise
shall be the amount obtained by multiplying (a) the number of whole shares of Common Stock designated by the Holder in the Subscription
Form by (b) the Purchase Price then in effect. On any such partial exercise provided the Holder has surrendered the original Warrant,
the Company, at its expense, will forthwith issue and deliver to or upon the order
of the Holder hereof a new Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon payment by such Holder
of any applicable transfer taxes) may request, the whole number of shares of Common Stock for which such Warrant may still be
exercised.

 

1.4.
Fair Market Value. Fair Market Value of a share of Common Stock as of a particular date (the “Determination Date”)
shall mean:

 

(a)
If the Company’s Common Stock is traded on an exchange or is quoted on the NASDAQ Global Market,
NASDAQ Global Select Market, the NASDAQ Capital Market, the New York Stock
Exchange or the American Stock Exchange, LLC,
then the average of the closing sale prices of the Common Stock for the five (5) Trading Days immediately prior to (but
not including) the Determination Date;

 

    	 

    	 

    

 

(b)
If the Company’s Common Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market,
the NASDAQ Capital Market, the New York Stock Exchange or the American Stock Exchange,
Inc., but is traded on the OTC Bulletin Board or in the over-the-counter market
or Pink Sheets, then the average of the closing prices reported for the five (5) Trading Days immediately prior to (but not including)
the Determination Date;

 

(c)
Except as provided in clause (d) below and Section 3.1, if the Company’s Common Stock is not publicly traded,
then as the Holder and the Company agree, or in the absence of such an agreement,
by arbitration in accordance with the rules then standing of the American Arbitration Association, before a single arbitrator
to be chosen from a panel of persons qualified by education and training to pass on the matter to be decided; or

 

(d)
If the Determination Date is the date of a liquid ation, dissolution or winding up,
or any event deemed to be a liquidation, dissolution or winding up pursuant to the Company’s charter, then all amounts to
be payable per share to holders of the Common Stock pursuant to the charter in the event of such liquidation , dissolution or
winding up, plus all other amounts to be payable per share in respect of the Common Stock in liquidation under the charter, assuming
for the purposes of this clause (d) that all of the shares of Common Stock then issuable upon exercise of all of the Warrants
are outstanding at the Determination Date.

 

1.5.
Company Acknowledgment. The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof,
acknowledge in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be
entitled after such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

 

1.6. Delivery
of Stock Certificates, etc. on Exercise. The Company agrees that, provided
the full purchase price listed in the Subscription Form is received as specified in Sections 1.2, 1.3 or 2, the
shares of Common Stock purchased upon exercise of this Warrant shall be deemed to be issued to the Holder hereof as the
record owner of such shares as of the close of business on the date on which delivery of a Subscription Form shall have
occurred and payment made for such shares as aforesaid. As soon as practicable
after the exercise of this Warrant in full or in part, and in any event within three (3) business days thereafter (“ Warrant
Share Delivery Date”), the Company at its expense (including the payment by it of any applicable issue taxes) will
cause to be issued in the name of and delivered to the Holder hereof, or as such Holder (upon payment by such Holder of
any applicable transfer taxes) may direct in compliance with applicable securities laws, a
certificate or certificates for the number of duly and validly issued, fully
paid and non-assessable shares of Common Stock (or Other Securities) to which such Holder shall be entitled on such exercise,
plus, in lieu of any fractional share to which such Holder would otherwise be entitled, cash equal to such fraction
multiplied by the then Fair Market Value of one full share of Common Stock, together
with any other stock or other securities and property (including cash, where applicable) to which such Holder is entitled
upon such exercise pursuant to Section 1 or otherwise.

 

1.7
Registration Rights. This section was intentionally left blank.

 

2.
Cashless Exercise.

 

Subject
to the provisions herein to the contrary, if the Fair Market Value of one share of Common Stock is greater that the Purchase Price
(at the date of calculation as set forth below), in lieu of exercising this Warrant for cash, the holder may elect to receive
shares equal to the value (as determined below) of this Warrant (or the portion thereof being cancelled) by delivery of a properly
endorsed Subscription Form delivered to the Company by any means described in Section 12, in which event the Company shall issue
to the holder a number of shares of Common Stock computed using the following formula:

 

    	 

    	 

    

 

	X=	Y
    (A-B)	 
	 	A	 

 

	Where
    	X=	the
    number of shares of Common Stock to be issued to the holder

 

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

 

A=
Fair Market Value

 

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

 

3.
Adjustment for Reorganization, Consolidation, Merger, etc.

 

3.1.
Fundamental Transaction. If, at any time while this Warrant is outstanding, (A) the Company effects any merger or consolidation
of the Company with or into another entity, (B) the Company effects any sale of all or substantially all of its assets in one
or a series of related transactions, (C) any tender offer or exchange offer (whether by the Company or another entity) is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property,
(D) the Company consummates a stock purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, or spin oft) with one or more persons or entities whereby such other persons or entities acquire more than the
50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by such other persons or entities
making or party to, or associated or affiliated with the other persons or entities making or party to, such stock purchase agreement
or other business combination), (E) any “person” or “group” (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934
Act), directly or indirectly, of 50% of the aggregate Common Stock of the Company, or (F) the Company effects any reclassification
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged
for other securities, cash or property (in any such case, a “Fundamental Transaction”), then, upon any subsequent
exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon
such exercise immediately prior to the occurrence of such Fundamental Transaction, upon exercise of this Warrant, the number of
shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the surviving corporation, and any
additional consideration (the “Alternate Consideration”) receivable upon or as a result of such reorganization, reclassification,
merger, consolidation or disposition of assets by a Holder of the number of shares of Common Stock for which this Warrant is exercisable
immediately prior to such event. To the extent necessary to effectuate the foregoing provisions, any successor to the Company
or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the foregoing provisions
and evidencing the Holder’s right to exercise such warrant into Alternate Consideration. The terms of any agreement pursuant
to which a Fundamental Transaction is effected shall include terms requiring any such successor or surviving entity to comply
with the provisions of this Section 3.1 and insuring that this Warrant (or any such replacement security) will be similarly adjusted
upon any subsequent transaction analogous to a Fundamental Transaction.

 

    	 

    	 

    

 

3.2.
Continuation of Terms. Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer)
referred to in this Section 3, this Warrant shall continue in full force and effect and the terms hereof shall be applicable to
the Other Securities and property receivable on the exercise of this Warrant after the consummation of such reorganization, consolidation
or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding upon the
issuer of any Other Securities, including, in the case of any such transfer, the person acquiring all or substantially all of
the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Warrant.

 

4. Extraordinary
Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of the Common Stock as a
dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or (c) combine
its outstanding shares of the Common Stock into a smaller number of shares of the Common Stock, then, in each such event, the
Purchase Price shall, simultaneously with the happening of such event, be
adjusted by multiplying the then Purchase Price by a fraction, the numerator of which shall be the number of shares of Common
Stock outstanding immediately prior to such event and the denominator of which shall be the number of shares of Common Stock
outstanding immediately after such the product so shall thereafter be the Purchase Price then in effect. The Purchase
Price, as so adjusted, shall be readjusted in the same manner upon the happening of any successive event or events described
herein in this Section 4. The number of shares of Common Stock that the Holder of this Warrant shall thereafter, on the
exercise hereof, be entitled to receive shall be adjusted to a number determined by multiplying the number of shares of
Common Stock that would otherwise (but for the provisions of this Section 4) be issuable on such exercise by a fraction of
which (a) the numerator is the Purchase Price that would otherwise (but for the provisions of this Section 4) be in effect,
and (b) the denominator is the Purchase Price in effect on the date of such exercise.

 

5.
Certificate as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities)
issuable on the exercise of the Warrants, the Company at its expense will promptly cause its Chief Financial Officer or other
appropriate designee to compute such adjustment or readjustment in accordance with the terms of the Warrant and prepare a certificate
setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based,
including a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock
(or Other Securities) issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock (or
Other Securities) outstanding or deemed to be outstanding, and (c) the Purchase
Price and the number of shares of Common Stock to be received upon exercise of this Warrant, in effect immediately prior to such
adjustment or readjustment and as adjusted or readjusted as provided in this Warrant. The Company will forthwith mail a copy of
each such certificate to the Holder of the Warrant and any Warrant Agent of the Company (appointed pursuant to Section 10 hereof).

 

6.
Reservation of Stock, etc. Issuable on Exercise of Warrant; Financial Statements. The Company will at all times reserve
and keep available, solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities)
from time to time issuable on the exercise of the Warrant.

 

7.
Assignment; Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced
hereby, may be transferred by any registered holder hereof (a “Transferor”). On the surrender for exchange of this
Warrant, with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor Endorsement Form”)
and together with an opinion of counsel reasonably satisfactory to the Company that the transfer of this Warrant will be in compliance
with applicable securities laws, the Company will issue and deliver to or on the order of the Transferor thereof a new Warrant
or Warrants of like tenor, in the name of the Transferor and/or the transferee(s) specified in such Transferor Endorsement Form
(each a “Transferee”), calling in the aggregate on the face or faces thereof for the number of shares of Common Stock
called for on the face or faces of the Warrant so surrendered by the Transferor.

 

    	 

    	 

    

 

8.
Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity
agreement or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant
of like tenor.

 

9.
Maximum Exercise. The Holder shall not be entitled to exercise this Warrant on an exercise date, in connection with that
number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially
owned by the Holder and its affiliates on an exercise date, and (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this limitation is being made on an exercise date, which would result
in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock on such
date. For the purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the 1934 Act and Rule 13d-3 thereunder. Subject to the foregoing, the Holder shall not be limited to aggregate exercises
which would result in the issuance of more than 4.99%. The restriction described in this paragraph may be waived, in whole or
in part, upon sixty-one (61) days prior notice from the Holder to the Company to increase such percentage to up to 9.99%, but
not in excess of 9.99%. The Holder may decide whether to convert a Convertible Note or exercise this Warrant to achieve an actual
4.99% or up to 9.99% ownership position as described above, but not in excess of 9.99%.

 

10.
Warrant Agent. The Company may, by written notice to the Holder of the Warrant, appoint an agent (a
“Warrant Agent”) for the purpose of issuing Common Stock (or Other Securities) on the exercise of this Warrant
pursuant to Section 1, exchanging this Warrant pursuant to Section 7, and replacing this Warrant pursuant to Section 8, or any
of the foregoing, and thereafter any such issuance, exchange or replacement, as the case may be, shall be made at such office
by such Warrant Agent.

 

11.
Transfer on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat
the registered holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

12.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, e-mail or facsimile, addressed as set forth below or to such other address as
such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be
given hereunder shall be deemed effective (a) upon hand delivery, delivery by facsimile, with accurate confirmation generated
by the transmitting facsimile machine, at the address or number designated below or e-mail (if delivered on a business day during
normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other
than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following
the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing,
whichever shall first occur. The addresses for such communications shall be:

 

    	 

    	 

    

 

If
to the Company, to:

 

Blink
Charging Co. formerly known as Car Charging Group, Inc.

3284
North 29th Court.

Hollywood,
FL 33020-1320

Facsimile:
(305) 521-0201

 

If
to the Holder:

 

[HOLDER]

[Address
Line 1]

[Address
Line 2]

 

13.
Law Governing This Warrant. This Warrant shall be governed by and construed in accordance with the laws of the State of
Florida without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the
transactions contemplated by this Warrant shall be brought only in the state courts of Florida or in the federal courts located
in the state and county of Florida. The parties to this Warrant hereby irrevocably waive any objection to jurisdiction and venue
of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum
non conveniens. THE PARTIES TO THIS AGREEMENT HEREBYIRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS WARRANT, ANY OTHER AGREEMENT OR INSTRUMENT DELIVERED IN CONNECTION HEREWITH
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. The prevailing party shall be entitled to recover from the other party its
reasonable attorney’ s fees and costs. In the event that any provision of this Warrant or any other agreement delivered
in connection herewith is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed
inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of
law. Any such provision which may prove invalid or unenforceable under any law shall not affect the validity or enforceability
of any other provision of any agreement. Each party hereby irrevocably waives personal service of process and consents to process
being served in any suit, action or proceeding in connection with this Warrant by mailing a copy thereof via registered or certified
mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under this Warrant
and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, the Company has executed this Warrant as of the date first written above.

 

	 	BLINK CHARGING CO. f/k/a/ CAR CHARGING GROUP, INC.
	 	 	 
	 	By:	/s/
    Michael Calise
	 	 	Michael
    Calise, Chief Executive Offer

 

    	 

    	 

    

 

Exhibit
A

 

FORM
OF SUBSCRIPTION

(to
be signed only on exercise of Warrant)

 

TO:
BLINK CHARGING CO. f/k/a/ CAR CHARGING GROUP, INC.

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant
(No.                       ),
hereby irrevocably elects to purchase (check applicable box):

 

_
_ _ _ shares of the Common Stock covered by such Warrant; or

 

the
maximum number of shares of Common Stock covered by such Warrant pursuant to the cashless exercise procedure set forth in Section
2.

 

The
undersigned herewith makes payment of the full purchase price for such shares at the price per share provided for in such
Warrant, which is$
                       
.. Such payment takes the form of (check applicable box):

 

$_
_ _ _ in lawful money of the United States; and/or

 

the
cancellation of such portion of the attached Warrant as is exercisable for a total of                                 
shares of Common Stock (using a Fair Market Value of $                            
per share for purposes of this calculation); and/or

 

the
cancellation of such number of shares of Common Stock as is necessary, in accordance with the formula set forth in Section 2,
to exercise this Warrant with respect to the maximum number of shares of Common Stock purchasable pursuant to the cashless exercise
procedure set forth in Section 2.

 

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to_ _ _ __ _ _ _ _ __ _ _ __
_ _ _ _ __ _ __ whose address is _ __ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ __ __ _ _ _ _ _ _ _

 

 

 

The
undersigned represents and warrants that all offers and sales by the undersigned of the securities issuable upon exercise of the
within Warrant shall be made pursuant to registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities
Act”), or pursuant to an exemption from registration under the Securities Act.

 

	     	

(Signature
must conform to name of holder as specified on the face of the Warrant)

 

	 	 
	 	 
	 	(Address)

 

    	 

    	 

    

 

Exhibit
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To
be signed only on transfer of Warrant)

 

For
value received, the undersigned hereby sells,
assigns, and transfers unto the person(s) named below under the heading “Transferees” the right represented
by the within Warrant to purchase the percentage and number of shares of Common Stock of BLINK CHARGING CO. f/k/a/ CAR CHARGING
GROUP, INC., to which the within Warrant relates specified under the headings “Percentage Transferred” and “Number
Transferred,” respectively, opposite the name(s) of such person(s) and appoints
each such person Attorney to transfer its respective right on the books of BLINK CHARGING CO.
f/k/a/ CAR CHARGING GROUP, INC. with full power of substitution in the premises.

 

	Transferees	 	Percentage Transferred	 	Number Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	Dated: __ _ _ _ _ 	 
	 	(Signature
    must conform to name of holder as specified on the face of the warrant)
	 	 
	Signed
    in the presence of:	 
	 	 
	 	 
	(Name)    	
	 	(address)
	 	 
	ACCEPTED
    AND AGREED:	 
	[TRANSFEREE]	 
	(address)	 
	 	 
	 	 
	(Name)
    	 
	 	(address)

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]