SEC Contract Filing

Filing Date: 2020-01-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>5
<FILENAME>f8k123119ex10-5_cuentasinc.htm
<DESCRIPTION>WARRANT GRANTED TO DINAR ZUZ, LLC, DATED DECEMBER 31, 2019
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.5</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NEITHER
THIS SECURITY NOR THE SECURITIES UNDERLYING THIS SECURITY HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR
THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE &ldquo;SECURITIES ACT&rdquo;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THIS
WARRANT IS, AND THE UNDERLYING SHARES OF COMMON STOCK ARE, SUBJECT TO THE TERMS OF A VOTING AGREEMENT AND PROXY DATED AS OF THE
DATE HEREOF, BY AND AMONG THE COMPANY AND THE OTHER PARTIES THERETO (THE &ldquo;<U>VOTING AGREEMENT</U>&rdquo;).</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
of Issuance (&ldquo;<U>Issue Date</U>&rdquo;): December 31, 2019</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>WARRANT</U></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
value received, the receipt and sufficiency of which is hereby acknowledged, this Warrant is issued to Dinar Zuz, LLC (&ldquo;<U>Holder</U>&rdquo;
or &ldquo;<U>Dinar Zuz</U>&rdquo;), by Cuentas Inc., a Florida corporation (the &ldquo;<U>Company</U>&rdquo;). Reference is hereby
made to that certain Note and Warrant Purchase Agreement, dated as of December 31, 2019, by and between the Company and the Holder
(the &ldquo;<U>Purchase Agreement</U>&rdquo;). Capitalized terms not otherwise defined herein shall have the meanings set forth
in the Purchase Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&nbsp;<U>Purchase
of Shares</U>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1&nbsp;<U>Number
of Shares</U>. Subject to the terms and conditions set forth herein and in the PurchaseAgreement, Holder shall be entitled, upon
surrender of this Warrant, to purchase from the Company an aggregate of duly authorized, validly issued, fully paid and nonassessable
shares (the &ldquo;<U>Shares</U>&rdquo;) of the Common Stock equal to twenty-five percent (25%) of total outstanding shares of
the Company on a fully-diluted bases (taking into account any warrants, options, debt convertible into shares or other rights
underlying shares of the Company) as of December 31, 2019; provided, however, that this Warrant shall increase to include 25%
of any additional shares (or warrants, options, debt convertible into shares or other rights underlying shares of the Company)
of the Company only to the extent such shares are issued in breach of the Voting Agreement and Proxy entered among Dinar Zuz,
the Company and the other parties thereto as of the date hereof (the &ldquo;<U>Voting Agreement</U>&rdquo;). The term &ldquo;<U>Warrant</U>&rdquo;
as used herein shall be deemed to include any warrants issued upon transfer or partial exercise of this Warrant unless the context
clearly requires otherwise. &ldquo;<U>Common Stock</U>&rdquo; means (a) the Company&rsquo;s shares of common stock, $0.001 par
value per share, and (b) any capital stock into which such common stock shall have been changed or any share capital resulting
from a reclassification of such common stock or such other equity interest of the Company.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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