Exhibit
10.2


 


Exhibit
C


 


NEITHER
THIS DEBENTURE NOR THE SECURITIES UNDERLYING THIS DEBENTURE, NOR ANY SECURITIES ISSUABLE UPON ITS CONVERSION, IF ANY, HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT’), OR QUALIFIED UNDER APPLICABLE STATE
SECURITIES LAWS AND MAY ONLY BE ACQUIRED FOR INVESTMENT PURPOSES ONLY AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE
OR DISTRIBUTION THEREOF. THIS DEBENTURE AND THE SECURITIES UNDERLYING THIS DEBENTURE, OR THE SECURITIES ISSUABLE UPON ITS
CONVERSION, IF ANY, MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT AS TO SUCH SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT AN OPINION OF COUNSEL
SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION AND QUALIFICATION ARE NOT REQUIRED UNDER THE ACT OR RECEIPT OF A NO-ACTION
LETTER FROM THE SECURITIES AND EXCHANGE COMMISSION.


 


JERRICK
MEDIA HOLDINGS INC.


 


SECURED
PROMISSORY NOTE


  


Dated:
_________________, 2017


(“Issuance
Date”)


  


FOR
VALUE RECEIVED JERRICK MEDIA HOLDINGS INC., a company organized under the laws of the State of Nevada (the “Company”),
hereby promises to pay to ________________ (the “Payee”), or its registered assigns, the principal amount of
________________ ($_______USD) in accordance with the provisions of this Promissory Note (as amended, modified and supplemented
from time to time, this “Note” and together with any other Notes issued in the Note Issuance (as defined below)
or upon transfer or exchange, the “Notes”). Capitalized terms not defined in this Note shall have the meaning
ascribed to them in the Subscription Agreement.


 


Certain
capitalized terms are defined in Section 8 hereof.


 


1.
          Original Issue Discount. This Note carries an original issue discount of $_________________,
representing a discount of six percent (6%) to the principal amount. The amount of $_________________ is being funded to the Company
on the date hereof.


 






    	 	-1-	 



     


    

 


2.
          Maturity Date. Provided that the Payee has not elected to convert this note in
accordance with Section 3 of this Note, the entire principal amount of this Note shall be due and payable in full in cash in immediately
available funds on September 1, 2017 (such date, the “Maturity Date”) upon the tender of such Note by Payee.


 


3.
          Conversion.


 


(i)      The
Payee shall have the option to convert this Note into (a) shares of the Company’s Common Stock in the Company’s immediately
subsequent financing (“Subsequent Offering”) or (b) upon the Maturity Date, tender this Note to the Company for immediate
repayment of principal. The number of shares of Common Stock that shall be issuable upon conversion of the Note in the Subsequent
Offering shall be derived by dividing (x) the principal amount of the Note by (y) eighty-five percent (85%) of the price per share
purchased in the Subsequent Offering. No fractional shares shall be issued upon a conversion. In lieu of any fractional shares
to which Payee would otherwise be entitled, the Company shall pay cash equal to such fraction.


 


In
order to convert this Note, the Holder must deliver a dated and signed notice of conversion (the “Notice of Conversion”),
a copy of which is attached to this Note as Exhibit A, stating its intention to convert the full principal amount of this Note
into Common Stock in the Subsequent Offering, Notices of Conversion shall be deemed delivered on the date sent, if personally
delivered, to the Company’s Chief Executive Officer at the Company’s principal place of business, or when actually
received if sent by another method. The Notice of Conversion must be accompanied by the original Note and no such conversion request
shall be effective unless and until the Note is tendered to the Company by Payee.


 


(ii)      As soon as possible after the conversion has been effected (but in any event within
five (5) Business Days), the Company or acquirer shall deliver to the converting holder a certificate or certificates representing
the shares issuable by reason of such conversion in such name or names and such denomination or denominations as the converting
holder has specified. In the event that the Payee elects to tender this Note to the Company for immediate repayment, such payment
shall be delivered to the Payee within five (5) Business Days to the address provided by the Payee to the Company at the time
of the surrender of this Note.


 


(iii)
    The issuance of Common Stock upon conversion of this Note shall be made without charge
to the holder hereof in respect thereof or other cost incurred by the Company or acquirer in connection with such conversion.
Upon conversion of this Note, the Company shall take all such actions as are necessary in order to ensure that the Company’s
Common Stock underlying the securities issuable upon conversion of the Note shall be validly authorized and available for issue,
fully paid and nonassessable.


 


(iv)
   Neither the Company nor acquirer shall close its books against the transfer of this
Note in any manner which interferes with the timely conversion of this Note. The Company shall assist and cooperate with any holder
of this Note required to make any governmental filings or obtain any governmental approval prior to or in connection with the
conversion of this Note (including, without limitation, making any filings required to be made by the Company).


 






    	 	-2-	 



     


    

 


(v)
     The Company shall at all times reserve and keep available out of its authorized but
unissued shares of common stock, solely for the purpose of issuance upon conversion hereunder, such number of shares of common
stock issuable upon conversion. All shares of such capital stock which are so issuable shall, when issued, be duly and validly
issued, fully paid and nonassessable and free from all taxes, liens and charges. The Company shall take all such actions as may
be necessary to assure that all such shares of capital stock may be so issued without violation of any applicable law or governmental
regulation or any requirements of any domestic securities exchange upon which such shares of capital stock.


 


4.
       Method of Payments.


 


(i)      Payment. So long as the Payee or any of its nominees shall be the holder of any
Note, and notwithstanding anything contained elsewhere in this Note to the contrary, the Company will pay all sums for principal
becoming due on this Note held by the Payee or such nominee not later than 1:00 p.m. New York time, on the date such payment is
due, in immediately available funds, in accordance with the payment instructions that the Payee may designate in writing, without
the presentation or surrender of such Note or the making of any notation thereon. Any payment made after 1:00 p.m. New York time,
on a Business Day will be deemed made on the next following Business Day. If the due date of any payment in respect of this Note
would otherwise fall on a day that is not a Business Day, such due date shall be extended to the next succeeding Business Day,.
All amounts payable under this Note shall be paid free and clear of, and without reduction by reason of, any deduction, set-off
or counterclaim. The Company will afford the benefits of this Section to the Payee and to each other Person holding this Note.


 


(ii)
     Transfer and Exchange. Upon surrender of any Note for registration of transfer
or for exchange to the Company, in accordance with the terms hereof, at its principal office, the Company at its sole expense
will execute and deliver in exchange therefor a new Note or Notes, as the case may be, as requested by the holder or transferee,
which aggregate principal amount is equal the unpaid principal amount of such Note, registered as such holder or transferee may
request; provided that this Note may not be transferred by Payee to any Person other than Payee’s affiliates without the
prior written consent of the Company (which consent shall not be unreasonably withheld or delayed). The issuance of new Notes
shall be made without charge to the holder(s) of the surrendered Note for any issuance tax in respect thereof or other cost incurred
by the Company in connection with such issuance, provided that each Noteholder shall pay any transfer taxes associated therewith.
The Company shall be entitled to regard the registered holder of this Note as the holder of the Note so registered for all purposes
until the Company or its agent, as applicable, is required to record a transfer of this Note on its register.


 


(iii)
    Replacement. Upon receipt of evidence reasonably satisfactory to the Company
of the loss, theft, destruction or mutilation of any Note and, in the case of any such loss, theft or destruction of any Note,
upon receipt of an indemnity reasonably satisfactory to the Company or, in the case of any such mutilation, upon the surrender
and cancellation of such Note, the Company, at its expense, will execute and deliver, in lieu thereof, a new Note of like tenor
and dated the date of such lost, stolen, destroyed or mutilated Note.


 






    	 	-3-	 



     


    

 


5.
          Covenants of the Company. The Company covenants and agrees as follows:


 


(i)
      Consolidation, Merger and Sale. With the exception of a reverse merger transaction,
the Company will not sell or otherwise dispose of (or permit any subsidiary to sell or otherwise dispose of) a material portion
of its property or assets in one or more transactions for so long as any of the Notes remain outstanding.


 


(ii)
      Use of Proceeds. The Company shall use the proceeds of the Notes only for general
working capital purposes and not to redeem or make any payment on account of any securities of the Company other than as provided
in Schedule 1 attached hereto.


 


(iii)
     Notes. All Notes shall be on the same terms and shall be in substantially the
same form. All cash payments to the holder of any Note shall be made to all holders of Notes, pro rata, based on the aggregate
principal amount at such time.


 


(iv)     Restricted
Payments. Other than as set forth on Schedule 1.1 hereto, for as long as the Notes are outstanding, the Company shall
not (a) declare or pay any dividend or make any distribution on or in respect of its capital stock; or (b) increase the compensation
(including bonuses and incentive compensation) paid to any employee other than in the ordinary course of business consistent with
past practice.


 


7.
         Events of Default. If any of the following events take place before or on the
Maturity Date (each, an “Event of Default”), Payee at its option may declare all principal and all other amounts
payable under this Note immediately due and payable; provided, however, that this Note shall automatically become
due and payable without any declaration in the case of an Event of Default specified in clause (iii) or (v), below:


 


		(i)	Company
                                         fails to make payment of the full amount due under this Note upon the tender of such
                                         Note following the Maturity Date, which failure to make payment continues for a period
                                         of five (5) days after receipt by the Company of notice from the Noteholder of such default;
                                         or
	 	 	 
	 	(ii)	A
                                         receiver, liquidator or trustee of Company or any substantial part of Company’s
                                         assets or properties is appointed by a court order; or
	 	 	 
	 	(iii)	 Company is adjudicated bankrupt or insolvent; or



  


		(iv)	Any
                                         of Company’s property is sequestered by or in consequence of a court order and
                                         such order remains in effect for more than 30 days; or



 


		(v)	Company
                                         files a petition in voluntary bankruptcy or requests reorganization under any provision
                                         of any bankruptcy, reorganization or insolvency law or consents to the filing of any
                                         petition against it under such law, or



 






    	 	-4-	 



     


    

 


		(vi)	Proceedings
                                         for the appointment of a receiver, trustee or custodian of the Company or of all or a
                                         substantial part of the assets or property thereof, or an involuntary case or other proceedings
                                         seeking liquidation, reorganization or other relief with respect to the Company or the
                                         debts thereof under any bankruptcy, insolvency or other similar law now or hereafter
                                         in effect shall be commenced and an order for relief entered or such proceeding shall
                                         not be dismissed or discharged within sixty (60) days of commencement.



 


		(vii)	Company
                                         makes a formal or informal general assignment for the benefit of its creditors, or consents
                                         to the appointment of a receiver or liquidator of Company or of all or any part of its
                                         property; or



 


		(viii)	An
                                         attachment or execution is levied against any substantial part of Company’s assets
                                         that is not released within 30 days; or



 


		(ix)	Company
                                         dissolves, liquidates or ceases business activity, or transfers any major portion of
                                         its assets other than in the ordinary course of business; provided that this paragraph
                                         (ix) shall not apply to any contemplated real estate transaction; or



 


		(x)	Company
                                         breaches any covenant or agreement on its part contained in this Note or the Subscription
                                         Agreement and such breach has not been remedied within ten (10) days after receipt by
                                         the Company of notice from the Noteholder of such default; or



 


		(xi)	Any
                                         material inaccuracy or untruthfulness of any representation or warranty of the Company
                                         set forth in this Note, the Subscription Agreement or the Offering Documents and such
                                         breach has not been remedied within fifteen (15) days after receipt by the Company of
                                         notice from the Noteholder of such default.



 


		8.	Definitions.



 


“Business
Day” means a day (other than a Saturday or Sunday) on which banks generally are open in New York, New York for the conduct
of substantially all of their activities.


 


“Common
Stock” means the common stock of the Company, par value $0.001 per share.


 


“Noteholder”
or “Payee” with respect to any Note, means at any time each Person then the record owner hereof and “Noteholders”
or “Payees” means all of such Noteholders or Payees, collectively.


 


“Note
Issuance” or “Offering” shall mean the Promissory Notes issued by the Company to the Payee and other
Noteholders (each in substantially the form of this Note) in the original principal amount not to exceed $1,000,000 in the aggregate,
subject to the Over-Allotment Option.


 


“Person”
means any person or entity of any nature whatsoever, specifically including an individual, a firm, a company, a corporation, a
partnership, a limited liability company, a trust or other entity.


 


“Subscription
Agreement” means the Note Subscription Agreement, dated ___________ ___, 2017 between the Company and the Payee.


 


9.
       Expenses of Enforcement, etc. The Company agrees to pay all reasonable fees and
expenses incurred by the Payee in connection with any amendments, modifications, waivers, extensions, renewals, renegotiations
or “workouts” of the provisions hereof or incurred by the Payee in connection with the enforcement or protection of
its rights in connection with this Note, or in connection with any pending or threatened action, proceeding, or investigation
relating to the foregoing, including but not limited to the reasonable fees and disbursements of counsel for the Payee. The Company
indemnifies the Payee and its directors, managers, affiliates, partners, members, officers, employees and agents against, and
agrees to hold the Payee and each such person and/or entity harmless from, any and all losses, claims, damages, liabilities and
related expenses, including reasonable counsel fees and expenses, incurred by or asserted against the Payee or any such person
and/or entity arising out of, in any way connected with, or as a result of (i) the consummation of the loan evidenced by this
Note and the use of the proceeds thereof or (ii) any claim, litigation, investigation or proceedings relating to any of the foregoing,
whether or not the Payee or any such person and/or entity is a party thereto other than any loss, claim, damage, liability or
related expense incurred or asserted against the payee or any such person on account of the payee’s or such person’s
gross negligence or willful misconduct. Notwithstanding the foregoing, with respect to the indemnification obligations of the
Company hereunder, (i) the Company’s aggregate liability under this Note to the Payee shall not exceed the aggregate principal
amount of the Note and (ii) indemnified liabilities shall not include any liability of any indemnitee arising out of such indemnitee’s
gross negligence. To the extent that the foregoing undertaking by the Company may be unenforceable for any reason, the Company
shall make the maximum contribution to the payment and satisfaction of each of the indemnified liabilities which is permissible
under applicable law.


 






    	 	-5-	 



     


    

 


10.
       Security Interest.


 


(i)
       Creation of Security Interest. In order to secure the payment of the principal
and interest and all other obligations of the Company hereunder now or hereafter owed by the Company to Payee (the “Secured
Obligations”), the Company hereby grants to Payee (or its designee) (the “Secured Party”) a security
interest (the “Security Interest”) in the property of the Company described below (the “Collateral”)
on the terms and conditions set forth in this Note:


 


(a)       all
intellectual property of any kind or nature whatsoever, including without limitation patents, patent applications, copyrights,
copyright applications, trademarks and service marks and applications therefore, mask works, net lists and trade secrets;0


 


(b)     all substitutes and replacements for, accessions, attachments, and other additions to,
and all proceeds, products, and increases of, any and all of the foregoing Collateral, in whatever form, whether cash or noncash;
interest, premium, and principal payments, redemption proceeds and subscription rights, and shares or other proceeds of conversions
or splits of any securities in Collateral, and returned or repossessed Collateral; and, to the extent not otherwise included,
all (A) payments under insurance, or any indemnity, warranty or guaranty, payable by reason of loss or damage to or otherwise
with respect to any of the foregoing Collateral, (B) cash and (C) security for the payment of any of the Collateral, and all goods
which gave or will give rise to any of the Collateral or are evidenced, identified, or represented therein or thereby.


 


Notwithstanding
anything which may be contained herein to the contrary and notwithstanding the timing of any filing of a UCC-1 Financing Statement
by the Holder, the Holder hereby agrees that the security interest granted hereby shall be given a pari-passu priority with any
other security interest granted by the Company to any other holder of any promissory note which is purchased from the Company
prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement agent.


 


(ii)
       Sale or Removal of Collateral Prohibited. Except for the sale of inventory in
the ordinary course of the Company’s business, the Company shall not sell, lease, encumber, pledge, mortgage, assign, grant
a security interest in, or otherwise transfer the Collateral without the written consent of Payee, which consent shall not be
unreasonably withheld. Notwithstanding anything contained in this Section to the contrary, the Company shall be permitted to pledge,
mortgage, assign, grant a security interest in the Collateral to any other holder of any promissory note which is purchased from
the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement agent


 


(iii)     Rights of Secured Party. Upon an Event of Default, Secured Party may (upon receiving the written consent of the other
holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd.
is the placement agent) require the Company to assemble the Collateral and make it available to Secured Party at the place to
be designated by Secured Party which is reasonably convenient to the parties. Secured Party may (upon receiving the written consent
of the other holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods
& Co. Ltd. is the placement agent) sell all or any part of the Collateral as a whole or in parcels either by public auction,
private sale, or other method of disposition. Secured Party may (upon receiving the written consent of the other holders of any
promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods & Co. Ltd. is the placement
agent) bid at any public sale on all or any portion of the Collateral. Unless the Collateral is perishable or threatens to decline
speedily in value or is of the type customarily sold on a recognized market, Secured Party shall give the Company reasonable notice
of the time and place of any public sale or of the time after which any private sale or other disposition of the Collateral is
to be made, and notice given at least 10 days before the time of the sale or other disposition shall be conclusively presumed
to be reasonable. A public sale in the following fashion shall be conclusively presumed to be reasonable:


 


(a)     Notice shall be given at least 10 days before the date of sale by publication once in a newspaper of general circulation published
in the county in which the sale is to be held;


 






    	 	-6-	 



     


    

 


(b)
    The sale shall be held in a county in which the Collateral or any part is located or in a county in which the Company has
a place of business;


 


(c)
    Payment shall be in cash or by certified check immediately following the close of the sale;


 


(d)
   The sale shall be by auction, but it need not be by a professional auctioneer; and


 


(e)     The Collateral may be sold as is and without any preparation for sale.


 


(iv)      Notwithstanding any provision of this Agreement, Secured Party shall be under no obligation to offer to sell the Collateral.
In the event Secured Party offers to sell the Collateral, Secured Party will be under no obligation to consummate a sale of the
Collateral if, in their reasonable business judgment, none of the offers received by them reasonably approximates the fair value
of the Collateral.


 


(v)      In addition to the rights under this Agreement, in the Event of Default by the Company, Secured Party (upon receiving the
written consent of the other holders of any promissory note which is purchased from the Company prior to March 15, 2017 wherein
Bradley Woods & Co. Ltd. is the placement agent) shall be entitled to the appointment of a receiver for the Collateral as
a matter of right whether or not the apparent value of the Collateral exceeds the outstanding principal amount of the Notes and
any receiver appointed may serve without bond. Employment by Secured Party shall not disqualify a person from serving as receiver.


 


(vi)
       Additional Rights of Secured Party. The Company shall execute and deliver to
Secured Party concurrently with the Company’s execution and delivery of this Agreement and at any time thereafter at the
reasonable request of Secured Party, all financing statements, continuation financing statements, fixture filings, security agreements,
mortgages, pledges, assignments, endorsements of certificates of title, applications for title, affidavits, reports, notices,
schedules of accounts, letters of authority, and all other documents that Secured Party may reasonably request, in form reasonably
satisfactory to Secured Party, to perfect and maintain perfected Secured Party’s continuing security interests in the Collateral
and in order to fully consummate all of the transactions contemplated under the Offering Documents, the Company hereby authorizes
Secured Party to file and/or record such financing statements and other documents as Secured Party deems reasonably necessary
to perfect and maintain Secured Party’s continuing security interest in the Collateral, including, but not limited to, any
and all filings recognized by the United States Patent and Trademark Office for the purposes of perfecting a security interest
in any Collateral that is considered intellectual property of the Company. The Company agree any such financing statements may
contain an “all asset” or “all property” description of the Collateral. Notwithstanding anything contained
herein to the contrary, the Company shall not be required to take any action pursuant to this Section is such action would adversely
affect any other holder of any promissory note which is purchased from the Company prior to March 15, 2017 wherein Bradley Woods
& Co. Ltd. is the placement agent


 






    	 	-7-	 



     


    

 


11.          Amendment and Waiver. The provisions of this Note may not be modified, amended or waived, and the Company may not take
any action herein prohibited, or omit to perform any act herein required to be performed by it, without the written consent of
the holders of a majority of the then outstanding principal amount of all similar notes issued in the Company’s offering
of Notes; provided, however, that any amendment to this Note which (i) changes the Maturity Date in Section 2 hereof
or (ii) adversely affects the Payee’s ability to convert or to refrain from converting this Note in its sole discretion
pursuant to Section 3 hereof, must be approved in writing by the holders of 100% of the then outstanding principal amount of all
similar notes issued in the Note Issuance (including this Note).


 


12.          Remedies Cumulative. No remedy herein conferred upon the Payee is intended to be exclusive of any other remedy and each
and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or now or hereafter existing
at law or in equity or by statute or otherwise.


 


13.          Remedies Not Waived. No course of dealing between the Company and the Payee or any delay on the part of the Payee in exercising
any rights hereunder shall operate as a waiver of any right of the Payee.


 


14.          Assignments. The Payee may assign, participate, transfer or otherwise convey this Note and any of its rights or obligations
hereunder to any affiliate of Payee and to any other Person that the Company consents to (such consent not to be unreasonably
withheld or delayed), and this Note shall inure to the benefit of the Payee’s successors and assigns. The Company shall
not assign or delegate this Note or any of its liabilities or obligations hereunder.


 


15.          Headings. The headings of the sections and paragraphs of this Note are inserted for convenience only and do not constitute
a part of this Note.


 


16.           Severability. If any provision of this Note is held invalid or unenforceable by any court of competent jurisdiction, the
other provisions of this Note will remain in full force and effect. Any provision of this Note held invalid or unenforceable only
in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.


 






    	 	-8-	 



     


    

 


17.           Cancellation. After all principal, premiums (if any) at any time owed on this Note have been paid in full, or this Note
has been converted this Note will be surrendered to the Company for cancellation and will not be reissued.


 


18.           Maximum Legal Rate. If at any time an interest rate applicable hereunder exceeds the maximum rate permitted by law, such
rate shall be reduced to the maximum rate so permitted by law.


 


19.           Place of Payment and Notices. Unless otherwise stated herein, payments of principal and interest are to be delivered to
the Noteholder of this Note at the address provided by the Payee in the Subscription Agreement, or at such other address as such
Noteholder has specified by prior written notice to the Company. No notice shall be deemed to have been delivered until the first
Business Day following actual receipt thereof at the foregoing address.


 


20.           Waiver of Jury Trial. The Payee and the Company each hereby waives any right it may have to a trial by jury in respect
of any litigation directly or indirectly arising out of, under or in connection with this Note and/or the transactions contemplated
hereunder.


 


21.           Submission to Jurisdiction.


 


(i)       Any
legal action or proceeding with respect to this Note may be brought in the courts of the State of New York or of the United States
of America sitting in New York County, and, by execution and delivery of this Note, the Company hereby accepts for itself and
in respect of its property, generally and unconditionally, the jurisdiction of the aforesaid courts.


 


(ii)      The
Company hereby irrevocably waives, in connection with any such action or proceeding, any objection, including, without limitation,
any objection to the laying of venue or based on the grounds of forum non conveniens, which they may now or hereafter have to
the bringing of any such action or proceeding in such respective jurisdictions.


 


(iii)      Nothing
herein shall affect the right of the Payee to serve process in any other manner permitted by law or to commence legal proceedings
or otherwise proceed against the Company in any other jurisdiction.


 


21.         GOVERNING LAW. ALL ISSUES AND QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY,
ENFORCEMENT AND INTERPRETATION OF THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICT OF LAW RULES OR PROVISIONS (WHETHER OF THE STATE OF NEW YORK OR ANY
OTHER JURISDICTION) THAT WOULD CAUSE THE APPLICATION OF THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF NEW YORK.


 


 


∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗∗


 






    	 	-9-	 



     


    

 


IN
WITNESS WHEREOF, the Company has executed and delivered this Promissory Note on the date first written above.


 


 


	 	COMPANY:
	 	 	 
	 	JERRICK MEDIA HOLDINGS INC.



	 	 	 
	 	By:	 
	 	 	Jeremy Frommer





	 	 	Chief Executive Officer









 






    	 	-10-	 



     


    

 


EXHIBIT
A


 


NOTICE
OF CONVERSION


 


(To
Be Signed Only Upon Conversion of the Secured Promissory Note)


 


The
undersigned, the holder of the foregoing Secured Promissory Note, hereby surrenders such Note for conversion into shares of stock
offered by Jerrick Media Holdings prior or immediately subsequent to the expiration of the Promissory Note to the extent of $_______________
unpaid principal amount of such Note, and requests that the certificates for such shares be issued in the name of, and delivered
to:


 


Name:
___________________________________


 


Address
___________________________________


 


___________________________________


 


___________________________________


 


___________________________________


 


Dated:
____/_____/ 20___


 


______________________________________


(Signature
must conform in all respects to name of holder as specified on the face of the Note)


 


 _______________________________________


(Address)