Exhibit 10.1


 





SUBSCRIPTION
AGREEMENT


 


This Subscription Agreement
(this “Agreement”) is being delivered by the purchaser identified on the signature page to this Agreement (the
“Subscriber”) in connection with its investment in Grom Social Enterprises, Inc., a Florida corporation
(the “Company”). The Company is conducting a private placement (the “Offering”) of units
(the “Units”) of the Company. Each Unit shall consist of one (1) share of the Company’s common stock,
par value $0.001 (the “Common Stock”) and one (1) warrant exercisable for one share of the Common Stock at a
per share price of $0.25 and exercisable for a three-year period.


 


1.       SUBSCRIPTION
AND PURCHASE PRICE


 


(a)       Subscription.
Subject to the conditions set forth in Section 2 hereof, the Company desires to issue and sell, and the Subscriber hereby subscribes
for and agrees to purchase, the number of Units indicated on the signature page hereof on the terms and conditions described herein.


 


(b)       Purchase
of Units. The Subscriber understands and acknowledges that the purchase price to be remitted to the Company in exchange for
the Units shall be set at $0.10 per Unit, for an aggregate purchase price as set forth the signature page hereof (the “Aggregate
Purchase Price”). The Subscriber’s delivery of this Agreement to the Company shall be accompanied by payment for
the Units subscribed for hereunder, payable in United States Dollars, by wire transfer, or check of immediately available funds
delivered contemporaneously with the Subscriber’s delivery of this Agreement to the Company in accordance with the wire instructions
provided on Exhibit A. The Subscriber understands and agrees that, subject to Section 2 and applicable laws, by executing
this Agreement, it is entering into a binding agreement.


 


2.       Acceptance
and Closing Procedures


 


(a)       Closing.
The closing of the purchase and sale of the Units hereunder (the “Closing”) shall take place at the offices
of Grom Social Enterprises, Inc, 2060 NW Boca Raton Blvd. #6 Boca Raton, Florida 33431 or such other place as determined by the
Company and may take place in one of more closings.


 


(c)       Following
Acceptance or Rejection. The Subscriber acknowledges and agrees that this Agreement and any other documents delivered in connection
herewith will be held by the Company. In the event that this Agreement is not accepted by the Company for whatever reason, which
the Company expressly reserves the right to do, this Agreement, the Aggregate Purchase Price received (without interest thereon)
and any other documents delivered in connection herewith will be returned to the Subscriber at the address of the Subscriber as
set forth in this Agreement. If this Agreement is accepted by the Company, the Company is entitled to treat the Aggregate Purchase
Price received as an interest free loan to the Company until such time as the Subscription is accepted.


 


3.       THE
SUBSCRIBER’s Representations, Warranties AND cOVENANTS


 


The Subscriber hereby
acknowledges, agrees with and represents, warrants and covenants to the Company, as follows:


 


(a)       The
Subscriber has full power and authority to enter into this Agreement, the execution and delivery of which has been duly authorized,
if applicable, and this Agreement constitutes a valid and legally binding obligation of the Subscriber, except as may be limited
by bankruptcy, reorganization, insolvency, moratorium and similar laws of general application relating to or affecting the enforcement
of rights of creditors, and except as enforceability of the obligations hereunder are subject to general principles of equity (regardless
of whether such enforceability is considered in a proceeding in equity or law).


 


 


 






    
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(b)       The
Subscriber acknowledges its understanding that the Offering and sale of the Units is intended to be exempt from registration under
the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4 (a)(2) of the Securities
Act and the provisions of Regulation D promulgated thereunder (“Regulation D”). In furtherance thereof, the
Subscriber represents and warrants to the Company and its affiliates as follows:


 


(i)       The
Subscriber realizes that the basis for the exemption from registration may not be available if, notwithstanding the Subscriber’s
representations contained herein, the Subscriber is merely acquiring the Units for a fixed or determinable period in the future,
or for a market rise, or for sale if the market does not rise. The Subscriber does not have any such intention.


 


(ii)       The
Subscriber realizes that the basis for exemption would not be available if the Offering is part of a plan or scheme to evade registration
provisions of the Securities Act or any applicable state or federal securities laws.


 


(iii)       The
Subscriber is acquiring the Units solely for the Subscriber’s own beneficial account, for investment purposes, and not with
a view towards, or resale in connection with, any distribution of the Units.


 


(iv)       The
Subscriber has the financial ability to bear the economic risk of the Subscriber’s investment, has adequate means for providing
for its current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.


 


(v)       The
Subscriber and the Subscriber’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”) has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of a prospective investment in the Units. If other than an individual, the Subscriber also represents it has
not been organized solely for the purpose of acquiring the Units.


 


(vi)       The
Subscriber (together with its Advisors, if any) has received all documents requested by the Subscriber, if any, has carefully reviewed
them and understands the information contained therein, prior to the execution of this Agreement.


 


(c)       The
Subscriber is not relying on the Company or any of its employees, agents, sub-agents or advisors with respect to the legal, tax,
economic and related considerations involved in this investment. The Subscriber has relied on the advice of, or has consulted with,
only its Advisors. Each Advisor, if any, has disclosed to the Subscriber in writing (a copy of which is annexed to this Agreement)
the specific details of any and all past, present or future relationships, actual or contemplated, between the Advisor and the
Company or any affiliate or sub-agent thereof.


 


(d)       The
Subscriber has carefully considered the potential risks relating to the Company and a purchase of the Units, and fully understands
that the Units are a speculative investment that involves a high degree of risk of loss of the Subscriber’s entire investment.
Among other things, the Subscriber has carefully considered each of the risks described under the heading “Risk Factors”
in the Company’s SEC Filings (as defined below), which risk factors are incorporated herein by reference.


 


 


 






    
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(e)       The
Subscriber will not sell or otherwise transfer any Units without registration under the Securities Act or an exemption therefrom,
and fully understands and agrees that the Subscriber must bear the economic risk of its purchase because, among other reasons,
the Units have not been registered under the Securities Act or under the securities laws of any state and, therefore, cannot be
resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and under the
applicable securities laws of such states, or an exemption from such registration is available. In particular, the Subscriber is
aware that the Units are “restricted securities,” as such term is defined in Rule 144 promulgated under the Securities
Act (“Rule 144”), and they may not be sold pursuant to Rule 144 unless all of the conditions of Rule 144 are
met. The Subscriber also understands that the Company is under no obligation to register the Units on behalf of the Subscriber
or to assist the Subscriber in complying with any exemption from registration under the Securities Act or applicable state securities
laws. The Subscriber understands that any sales or transfers of the Units are further restricted by state securities laws and the
provisions of this Agreement. The Subscriber understands that the Company may limit further the right to sell or transfer Units
by establishing procedures for approval of any such transfer, limiting counsel authorized to review and approve Rule 144 transactions
and approving opinion fees, for transfers sought to be permitted under Rule 144, which may result in delays in desired sales or
transfers by Subscribers.


 


(f)       No
oral or written representations or warranties have been made, or information furnished, to the Subscriber or its Advisors, if any,
by the Company or any of its officers, employees, agents, sub-agents, affiliates, advisors or subsidiaries in connection with the
Offering, other than any representations of the Company contained herein, and in subscribing for the Units, the Subscriber is not
relying upon any representations other than those contained herein.


 


(g)       The
Subscriber’s overall commitment to investments that are not readily marketable is not disproportionate to the Subscriber’s
net worth, and an investment in the Units will not cause such overall commitment to become excessive.


 


(h)       The
Subscriber understands and agrees that the certificates for the Units shall bear substantially the following legend until (i) such
Units shall have been registered under the Securities Act and effectively disposed of in accordance with a registration statement
that has been declared effective or (ii) in the opinion of counsel for the Company, such Units may be sold without registration
under the Securities Act, as well as any applicable “blue sky” or state securities laws:


 


THE SECURITIES
REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”),
OR ANY APPLICABLE STATE SECURITIES LAWS. SUCH SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND MAY NOT BE OFFERED FOR
SALE, SOLD, DELIVERED AFTER SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED
BY THE ISSUER WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION COVERING SUCH SECURITIES UNDER THE SECURITIES ACT OR AN OPINION
OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION IS NOT REQUIRED.


 


(i)       Neither
the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved the Units
or passed upon or endorsed the merits of the Offering.


 


(j)       The
Subscriber and its Advisors, if any, have had a reasonable opportunity to ask questions of and receive answers from a person or
persons acting on behalf of the Company concerning the Offering and the business, financial condition, results of operations and
prospects of the Company, and all such questions have been answered to the full satisfaction of the Subscriber and its Advisors,
if any.


 


 


 






    
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(k)       The
Subscriber is unaware of, is in no way relying on, and did not become aware of, the Offering through or as a result of, any form
of general solicitation or general advertising, including, without limitation, any article, notice, advertisement or other communication
published in any newspaper, magazine or similar media or broadcast over television or radio, or electronic mail over the Internet,
in connection with the Offering and is not subscribing for Units and did not become aware of the Offering through or as a result
of any seminar or meeting to which the Subscriber was invited by, or any solicitation of a subscription by, a person not previously
known to the Subscriber in connection with investments in securities generally.


 


(l)       The
Subscriber has taken no action that would give rise to any claim by any person for brokerage commissions, finders’ fees or
the like relating to this Agreement or the transactions contemplated hereby.


 


(m)       The
Subscriber is not relying on the Company or any of its employees, agents, or advisors with respect to the legal, tax, economic
and related considerations of an investment in the Units, and the Subscriber has relied on the advice of, or has consulted with,
only its own Advisors.


 


(n)        The
Subscriber acknowledges that any estimates or forward-looking statements or projections furnished by the Company to the Subscriber
were prepared by the management of the Company in good faith, but that the attainment of any such projections, estimates or forward-looking
statements cannot be guaranteed by the Company or its management and should not be relied upon.


 


(o)       No
oral or written representations have been made, or oral or written information furnished, to the Subscriber or its Advisors, if
any, in connection with the Offering that are in any way inconsistent with the information contained herein.


 


(p)       (For
ERISA plans only) The fiduciary of the ERISA plan (the “Plan”) represents that such fiduciary has been informed
of and understands the Company’s investment objectives, policies and strategies, and that the decision to invest “plan
assets” (as such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require diversification
of plan assets and impose other fiduciary responsibilities. The Subscriber or Plan fiduciary (i) is responsible for the decision
to invest in the Company; (ii) is independent of the Company and any of its affiliates; (iii) is qualified to make such investment
decision; and (iv) in making such decision, the Subscriber or Plan fiduciary has not relied primarily on any advice or recommendation
of the Company or any of its affiliates.


 


(q)       This
Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges and
agrees that the Company reserves the right to reject any subscription for any reason.


 


(r)       The
Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors,
affiliates and shareholders, and each other person, if any, who controls any of the foregoing from and against any and all loss,
liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever
reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation
whether commenced or threatened) (a “Loss”) arising out of or based upon any representation or warranty of the
Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith being untrue in
any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made by the Subscriber
herein or therein; provided, however, that the Subscriber shall not be liable for any Loss that in the aggregate
exceeds the Subscriber’s Aggregate Purchase Price tendered hereunder.


 


 


 






    
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(s)       The
Subscriber is, and on each date on which the Subscriber continues to own restricted Units from the Offering will be, an “Accredited
Investor” as defined in Rule 501(a) under the Securities Act. In general, an “Accredited Investor” is deemed
to be an institution with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 (excluding such
person’s residence) or annual income exceeding $200,000 or $300,000 jointly with his or her spouse.


 


(t)       The
Subscriber, either alone or together with its representatives, has such knowledge, sophistication and experience in business and
financial matters so as to be capable of evaluating the merits and risks of the Offering, and has so evaluated the merits and risks
of such investment. The Subscriber has not authorized any person or entity to act as its Purchaser Representative (as that term
is defined in Regulation D of the General Rules and Regulations under the Securities Act) in connection with the Offering. The
Subscriber is able to bear the economic risk of an investment in the Securities and, at the present time, is able to afford a complete
loss of such investment.


 


(u)       The
Subscriber has reviewed, or had an opportunity to review, all of the SEC Filings, and all “Risk Factors” and “Forward
Looking Statements” disclaimers contained therein. In addition, the Subscriber has reviewed and acknowledges it has such
knowledge, sophistication, and experience in securities matters, and understands the following additional Risk Factor related to
the Company:


 


4.       The
Company’s Representations, Warranties and Covenants


 


The Company hereby
acknowledges, agrees with and represents, warrants and covenants to the Subscriber, as follows:


 


(a)       Organization
and Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
state of Florida. The Company is duly qualified to do business, and is in good standing in the states required due to (a) the ownership
or lease of real or personal property for use in the operation of the Company's business or (b) the nature of the business conducted
by the Company, except where the failure to do so would not result in a material adverse effect to the Company. The Company has
all requisite power, right and authority to own, operate and lease its properties and assets, to carry on its business as now conducted,
to execute, deliver and perform its obligations under this Agreement to which it is a party, and to carry out the transactions
contemplated hereby and thereby. All actions on the part of the Company and its officers and directors necessary for the authorization,
execution, delivery and performance of this Agreement, the consummation of the transactions contemplated hereby and thereby, and
the performance of all of the Company's obligations under this Agreement have been taken or will be taken prior to the Closing.
This Agreement has been duly executed and delivered by the Company, and this Agreement is a legal, valid and binding obligation
of the Company, enforceable against the Company in accordance with its terms.


 


(b)       Issuance
of Units. The Units to be issued to the Subscriber pursuant to this Agreement, when issued and delivered in accordance with
the terms of this Agreement, will be duly and validly issued and will be fully paid and non-assessable.


 


(c)       Authorization;
Enforcement. The execution, delivery and performance of this Agreement, and the consummation of the transactions contemplated
hereby will not (a) constitute a violation (with or without the giving of notice or lapse of time, or both) of any provision of
any law or any judgment, decree, order, regulation or rule of any court, agency or other governmental authority applicable to the
Company, (b) require any consent, approval or authorization of, or declaration, filing or registration with, any person, (c) result
in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of, or the creation
in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction, encumbrance,
obligation or liability to which the Company is a party or by which it is bound or to which any assets of the Company are subject,
(d) result in the creation of any lien or encumbrance upon the assets of the Company, or upon any Units or other securities of
the Company, (e) conflict with or result in a breach of or constitute a default under any provision of those certain articles of
incorporation or those certain bylaws of the Company, or (f) invalidate or adversely affect any permit, license, authorization
or status used in the conduct of the business of the Company.


 


 


 






    
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(d)       SEC
Filings. The Company is subject to, and in full compliance with, the reporting requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”). The Company has made available to each Subscriber through
the EDGAR system true and complete copies of each of the Company’s Quarterly Reports on Form 10-Q, Annual Reports on Form
10-K and Current Reports on Form 8-K (collectively, the “SEC Filings”), and all such SEC Filings are incorporated
herein by reference.


 


(e)       No
Financial Advisor. The Company acknowledges and agrees that the Subscriber is acting solely in the capacity of an arm’s
length purchaser with respect to the Units and the transactions contemplated hereby. The Company further acknowledges that the
Subscriber is not acting as a financial advisor or fiduciary of the Company (or in any similar capacity) with respect to this Agreement
and the transactions contemplated hereby and any advice given by the Subscriber or any of its representatives or agents in connection
with this Agreement and the transactions contemplated hereby is merely incidental to the Subscriber’s purchase of the Units.
The Company further represents to the Subscriber that the Company’s decision to enter into this Agreement has been based
solely on the independent evaluation of the transactions contemplated hereby by the Company and its representatives.


 


(f)       Indemnification.
The Company will indemnify and hold harmless the Subscriber and, where applicable, its directors, officers, employees, agents,
advisors and shareholders, from and against any and all Loss arising out of or based upon any representation or warranty of the
Company contained herein or in any document furnished by the Company to the Subscriber in connection herewith being untrue in any
material respect or any breach or failure by the Company to comply with any covenant or agreement made by the Company to the Subscriber
in connection therewith; provided, however, that the Company’s liability shall not exceed the Subscriber’s
Aggregate Purchase Price tendered hereunder.


 


(g)       Capitalization
and Additional Issuances. The authorized, issued and outstanding capital stock of the Company is as set forth in the SEC Filings
and all issued and outstanding Units of the Company are validly issued, fully paid and non-assessable. Except as set forth in the
SEC Filings and as otherwise required by law, there are no restrictions upon the voting or transfer of any of the Units of capital
stock of the Company pursuant to the Company’s Articles of Incorporation (the “Articles of Incorporation”), Bylaws
or other governing documents or any agreement or other instruments to which the Company is a party or by which the Company is bound.


 


(h)       Private
Placements. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section 3, no registration
under the Securities Act is required for the offer and sale of the Units by the Company to the Subscribers as contemplated hereby.


 


(j)       Investment
Company. The Company is not, and is not an affiliate of, and immediately after receipt of payment for the Units will not be
or be an affiliate of, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.
The Company shall conduct its business in a manner so that it will not become subject to the Investment Company Act.


 


5.       MISCELLANEOUS
PROVISIONS


 


(a)       All
parties hereto have been represented by counsel, and no inference shall be drawn in favor of or against any party by virtue of
the fact that such party’s counsel was or was not the principal draftsman of this Agreement.


 


(b)       Each
of the parties hereto shall be responsible to pay the costs and expenses of its own legal counsel in connection with the preparation
and review of this Agreement and related documentation.


 


(c)       Neither
this Agreement, nor any provisions hereof, shall be waived, modified, discharged or terminated except by an instrument in writing
signed by the party against whom any waiver, modification, discharge or termination is sought.


 


 


 






    
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(d)       The
representations, warranties and agreement of the Subscriber and the Company made in this Agreement shall survive the execution
and delivery of this Agreement and the delivery of the Units.


 


(e)       Any
party may send any notice, request, demand, claim or other communication hereunder to the Subscriber at the address set forth on
the signature page of this Agreement or to the Company at its primary office (including personal delivery, expedited courier, messenger
service, fax, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication will be deemed
to have been duly given unless and until it actually is received by the intended recipient. Any party may change the address to
which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other parties written
notice in the manner herein set forth.


 


(f)       Except
as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of, the parties to this Agreement
and their heirs, executors, administrators, successors, legal representatives and assigns. If the Subscriber is more than one person
or entity, the obligation of the Subscriber shall be joint and several and the agreements, representations, warranties and acknowledgments
contained herein shall be deemed to be made by, and be binding upon, each such person or entity and its heirs, executors, administrators,
successors, legal representatives and assigns. This Agreement sets forth the entire agreement and understanding between the parties
as to the subject matter hereof and merges and supersedes all prior discussions, agreements and understandings of any and every
nature among them.


 


(g)       This
Agreement is not transferable or assignable by the Subscriber.


 


(h)       This
Agreement shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to conflicts
of law principles.


 


(i)       The
Company and the Subscriber hereby agree that any dispute that may arise between them arising out of or in connection with this
Agreement shall be adjudicated before a court located in the City of New York, Borough of Manhattan, and they hereby submit to
the exclusive jurisdiction of the federal and state courts of the State of New York located in the City of New York, Borough of
Manhattan with respect to any action or legal proceeding commenced by any party, and irrevocably waive any objection they now or
hereafter may have respecting the venue of any such action or proceeding brought in such a court or respecting the fact that such
court is an inconvenient forum, relating to or arising out of this Agreement or any acts or omissions relating to the sale of the
securities hereunder, and consent to the service of process in any such action or legal proceeding by means of registered or certified
mail, return receipt requested, postage prepaid, in care of the address set forth herein or such other address as either party
shall furnish in writing to the other.


 


(j)       WAIVER
OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER PARTY, THE PARTIES
EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY, IRREVOCABLY
AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.


 


(j)       This
Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.


 


[Signature Pages Follow]


 


 


 


 


 


 


 


 


 






    
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IN
WITNESS WHEREOF, the parties hereto have caused this Subscription Agreement to be duly executed by their respective authorized
signatories as of the date first indicated above.


 


	
         

        Grom
        Social Enterprises, Inc. 

         

         
	
         

        Address for Notice:

        2060 NW Boca Raton Blvd., Suite #6

        Boca Raton, FL 33431

	
        By:__________________________________________

        Name:

        Title:

         

         
	 
	
        With a copy to (which shall not constitute
        notice):

         

         
	 


 


 


 


[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK


SIGNATURE PAGE FOR SUBSCRIBER FOLLOWS]


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






    
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[Subscriber
SIGNATURE PAGE TO Grom SOCial Enterprises, INC. 


SUBSCRIPTION
AGREEMENT]


 


IN WITNESS WHEREOF,
the undersigned have caused this Subscription Agreement to be duly executed by their respective authorized signatories as of the
_____ day of ______________, 2019


 


 


Name of Subscriber:


 


 


Signature of Authorized Signatory of
Subscriber: _____________________________


 


Name of Authorized Signatory: 


 


 


Email Address of Authorized Signatory:
_______________________________________


 


Facsimile Number of Authorized Signatory:
__________________________________________


 


Address for Notice to Subscriber: ___________________________________


 


 


 


Address for Delivery of Securities to Subscriber
(if not same as address for notice):


 


______________________________________________________________________________


 


______________________________________________________________________________


 


______________________________________________________________________________


 


 


Aggregate Purchase Price: $____________


 


Common Stock: __________________ Units


 


 


EIN Number, if applicable, will be provided
under separate cover: ________________________


 


 


 


[SIGNATURE PAGES CONTINUE]


 


 


 


 


 


 


 


 


 


 


 






    
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INVESTOR QUESTIONNAIRE


 


Instructions: Check all boxes below
which correctly describe you.


 


		o	You are (i) a bank, as defined in Section 3(a)(2) of the Securities Act of 1933, as amended
(the “Securities Act”), (ii) a savings and loan association or other institution, as defined in Section
3(a)(5)(A) of the Securities Act, whether acting in an individual or fiduciary capacity, (iii) a broker or dealer registered
pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), (iv)
an insurance company as defined in Section 2(13) of the Securities Act, (v) an investment company registered under the Investment
Company Act of 1940, as amended (the “Investment Company Act”), (vi) a business development company as
defined in Section 2(a)(48) of the Investment Company Act, (vii) a Small Business Investment Company licensed by the U.S.
Small Business Administration under Section 301 (c) or (d) of the Small Business Investment Act of 1958, as amended, (viii)
a plan established and maintained by a state, its political subdivisions, or an agency or instrumentality of a state or its political
subdivisions, for the benefit of its employees and you have total assets in excess of $5,000,000, or (ix) an employee benefit
plan within the meaning of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) and (1)
the decision that you shall subscribe for and purchase Units of common stock and warrants to purchase common stock (the “Units”),
is made by a plan fiduciary, as defined in Section 3(21) of ERISA, which is either a bank, savings and loan association, insurance
company, or registered investment adviser, or (2) you have total assets in excess of $5,000,000 and the decision that you shall
subscribe for and purchase the Units is made solely by persons or entities that are accredited investors, as defined in Rule 501
of Regulation D promulgated under the Securities Act (“Regulation D”) or (3) you are a self-directed plan and
the decision that you shall subscribe for and purchase the Units is made solely by persons or entities that are accredited investors.



 


		o	You are a private business development company as defined in Section 202(a)(22) of the Investment
Advisers Act of 1940, as amended.



 


		o	You are an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as
amended (the “Code”), with total assets exceeding US$5,000,000 and not formed for the specific purpose of making
investing in a Company.



 


		o	You are a director or executive officer of the Company.



 


		o	You are a natural person whose individual net worth, or joint net worth with your spouse, exceeds
$1,000,000 (excluding residence) at the time of your subscription for and purchase of the Units.



 


		o	You are a natural person who had an individual income in excess of $200,000 in each of the two
most recent years or joint income with your spouse in excess of $300,000 in each of the two most recent years, and who has a reasonable
expectation of reaching the same income level in the current year.



 


		o	You are a trust, with total assets in excess of $5,000,000, not formed for the specific purpose
of acquiring the Units and whose subscription for and purchase of the Units is directed by a sophisticated person as described
in Rule 506(b)(2)(ii) of Regulation D.



 


		o	You are an entity in which all of the equity owners are persons or entities described in one of
the preceding paragraphs.



 


 


 


 


 


 


 


 


 


 


 


 






    
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Check all boxes below which correctly describe you.


 


With respect to this investment in the Units, your:


 





	 	Investment Objectives:	☐ Aggressive Growth	☐ Speculation	 
	 	 	 	 	 
	 	Risk Tolerance:	☐ Low Risk	☐ Moderate Risk	☐ High Risk



 


Are you associated with a FINRA Member Firm?          ☐
Yes          ☐ No


 


Your initials (subscriber
and co-subscriber, if applicable) are required for each item below:


 


____  
____  I/We understand that this investment is not guaranteed.


 


____  
____  I/We are sophisticated in financial and business affairs and are able to evaluate the risks and merits of an investment
in this offering.


 


____  
____  I/We confirm that this investment is considered “high risk.” (This type of investment is
considered high risk due to the inherent risks including lack of liquidity and lack of diversification. Success or
failure of private placements such as this is dependent on the corporate issuer of these securities and is outside the
control of the investors. While potential loss is limited to the amount invested, such loss is possible.)


 


The Subscriber hereby
represents and warrants that all of its answers to this Investor Questionnaire are true as of the date of its execution of the
Subscription Agreement pursuant to which it purchased the Units.


 


	
        

        

        ___________________________________

        Name of Subscriber [please print]

         

        ___________________________________

        Signature of Subscriber (Entities please

        provide signature of Subscriber’s duly

        authorized signatory.)

         

        ___________________________________

        Name of Signatory (Entities only)

         

         

         

         

        ___________________________________

        Title of Signatory (Entities only)
	
        

        

        ___________________________________

        Name of Co-Subscriber [please print]

         

        ___________________________________

        Signature of Co-Subscriber



 


 


 


 


 


 


 


 


 



    
	 	11	 




     


    

 


Exhibit A


 


Wire Instructions


 


Wells
Fargo Bank


3601 N. Federal Highway


Boca Raton, Fl. 33431


 


Credit Account #: 1348620665


 


Routing #:  121000248


 


For credit to: Grom
Social Enterprises, Inc.


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 






    
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