COMMON SHARE PURCHASE WARRANTSecurities Agreement • May 14th, 2020 • 1847 Holdings LLC • Services-management consulting services • New York
This COMMON SHARE PURCHASE WARRANT (the “Warrant”) certifies that, for value received (in connection with the issuance of the $714,285.71 secured convertible promissory note to the Holder (as defined below) issued on April 5, 2019 and amended on May 11, 2020 (as so amended, the “Note”), Leonite Capital, LLC, a Delaware limited liability company (including any permitted and registered assigns, each a “Holder”), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date of issuance hereof, to purchase from 1847 Holdings LLC, a Delaware limited liability company (the “Company”), up to 200,000 common shares (the “Warrant Shares”) (whereby such number may be adjusted from time to time pursuant to the terms and conditions of this Warrant) at the Exercise Price per share then in effect. This Warrant is issued by the Company as of the date hereof in connection with that certain securities purchase agreement,
STOCK OPTION AGREEMENTStock Option Agreement • May 14th, 2020 • 1847 Holdings LLC • Services-management consulting services • Delaware
This STOCK OPTION AGREEMENT (this “Agreement”), dated as of May 11, 2020, is entered into by and between 1847 Holdings LLC, a Delaware limited liability company (the “Company”), and Paul A. Froning (the “Optionee”).
SECURED CONVERTIBLE PROMISSORY NOTESecured Convertible Promissory Note • May 14th, 2020 • 1847 Holdings LLC • Services-management consulting services • New York
This first amendment to the Secured Convertible Promissory Note, dated May 11, 2020 (the “Amendment”), is entered into by 1847 Holdings LLC, a Delaware limited liability company (“EFSH”), 1847 GOEDEKER HOLDCO INC., a Delaware corporation and majority- owned subsidiary of EFSH (“Holdco”), and 1847 GOEDEKER INC. a Delaware corporation and wholly-owned subsidiary of Holdco (“GI” and with EFSH and Holdco, collectively hereinafter called “Borrower”) and Leonite Capital, LLC, a Delaware limited liability company (“Holder”).
