AMENDMENT TO SHARE EXCHANGE AGREEMENT

AMENDMENT TO SHARE EXCHANGE AGREEMENT

This first Amendment (the “Amendment”), dated August 4, 2019, to the SHARE EXCHANGE AGREEMENT (the “Agreement”) dated May 16, 2019 (the “Effective Date”) between TraqIQ, Inc., a California corporation (“TRAQIQ”), on the one hand, and Xxxx-India Technologies Private Ltd., an Indian corporation (“Xxxx”), and the holders of ordinary common shares of Xxxx (each an “Xxxx Stockholder” and collectively the “Xxxx Stockholders”), on the other hand, hereby amends Section 1.1.a (i) to correct and error in the number of shares issuable under the exercise of the Warrants as set forth in the Agreement.

WHEREAS, Article I – Exchange of Shares, Section 1.1.a.(i) incorrectly stated the number of TRAQIQ XXXX SHARES issuable to Xxxx Stockholders upon the exercise of the Warrants at the closing as 36,912 rather than 100,771; and

WHEREAS, Article I – Exchange of Shares, Section 1.1.a.(i) incorrectly stated the balance of the TRAQIQ XXXX SHARES after the Closing at 1,236,501 rather than 1,228,501; and

WHEREAS, the parties desire to and believe it is in their best interest to execute this Amendment to correct the above errors to Section 1.1.a(i);

NOW, THEREFORE, in consideration of the premises and the mutual terms, conditions and other agreements set forth herein, intending to be legally bound, the parties agree as follows:

Article I – Exchange of Share, Section 1.1.a.(i) set forth below is hereby amended to correct the error in the number of shares issuable under the exercise of the warrants and replaces the equivalent section in the Agreement. Except as set forth below, all the other provisions of the Agreement remain the same and apply to this Amendment.

(i) The total number of TRAQIQ XXXX SHARES that TRAQIQ will issue upon the exercise of the Warrants will be 1,329,272 valued at $486,912, or $0.3663 per share, of which 100,771 shares, valued at $36,912, will be exercisable at the Closing and the balance of 1,228,501, valued at $450,000, will be exercisable as follows: (i) 859,951, value at $315,000, one (1) year after the Closing (the “Year 1 Warrants”); and (ii) 368,550, value at $135,000, two (2) years after the Closing (the “Year 2 Warrants”). The Xxxx Stockholders ability to exercise the Year 1 Warrants and Year 2 Warrants will be conditioned upon XXXX achieving a target revenue of U.S. $1.1 million and a pre-tax profit of 25% of the XXXX Target. If XXXX achieves the XXXX Target in 2019, then the Xxxx Stockholders can exercise the Year 1 Warrants and, if XXXX achieves the XXXX Target in 2020, then the Xxxx Stockholders will be able to exercise the Year 2 Warrants. In the event that XXXX does not achieve the XXXX Target in either 2019 or 2020, then the Year 1 Warrants and the Year 2 Warrants will be proportionately reduced.

[Signatures’ Pages Follow]

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

TRAQIQ, INC.

By:	/s/ Xxxx Xxxxx
	Xxxx Xxxxx
Its:	Chief Executive Officer

XXXX-INDIA TECHNOLOGIES PRIVATE LTD.

By:	/s/ Lathika Renunathan
	Xxxxxxx Xxxxxxxxxx
Its:	Chief Executive Officer

[XXXX Stockholder signatures on next page]

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XXXX STOCKHOLDERS

XXXXXX XXXXXXXXX
By:	/s/ Xxxxxx Xxxxxxxxx
	Sushil Xxxxxxxxx
XXXXXX SHYAM
By:	/s/ Xxxxxx Xxxxx
	Xxxxxx Shyam
XXXX XXXX
By:	/s/ Xxxx Xxxx
	Xxxx Xxxx
XXXXXXX XXXXXXXXXX
By:	/s/ Xxxxxxx Xxxxxxxxxx
	Lathika Xxxxxxxxxx
XXXXX SECURITIES PVT LTD
By:	/s/ Rohitasava Chand
	Rohitasava Chand
ROHITASAVA CHAND
By:	/s/ Rohitasava Chand
	Rohitasava Chand
XXXXX XXXXX & CO. (P) LIMITED
By:	/s/ Rohitasava Chand
	Rohitasava Chand

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