Exhibit 10.1


 





SECURITIES PURCHASE AGREEMENT


 


THIS SECURITIES
PURCHASE AGREEMENT (this “Agreement”), dated as of May ___, 2018, by and between Jerrick Media Holdings,
Inc., a Nevada corporation with its headquarters located at 202 S. Dean St. Englewood, NJ 07631 (the “Company”),
and the investors identified on the signature page hereto (the “Purchasers”).


 


WHEREAS, the
Company deems it in the best interests of the Company and its stockholders to conduct a private placement offering consisting of
promissory notes and warrants up to the principal aggregate amount of up to $1,200,000 (the “Offering”);


 


WHEREAS, the
Company and Purchasers are executing and delivering this Agreement in reliance upon an exemption from securities registration afforded
by the provisions of Section 4(2) and/or Regulation D (“Regulation D”) promulgated by the United States Securities
and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities
Act”); and


 


WHEREAS, the
parties hereto desire that, upon the terms and subject to the conditions contained herein, the Company shall issue and sell to
Purchasers, and Purchasers shall purchase, (i) a 13% Promissory Note in the form of Exhibit A hereto (the “Note”)
in the principal amount set forth on the signature page hereto and (ii) a warrant in the form of Exhibit C permitting the
Purchasers to purchase that certain amount of common stock, par value $0.001 per share, of the Company (the “Common Stock”)
as is set forth on the signature page hereto, subject to the terms and conditions therein contained (the “Warrant”)
together with the Notes, the “Securities”).


 


NOW, THEREFORE,
in consideration of the mutual covenants and other agreements contained in this Agreement, the Company and Purchasers hereby agree
as follows:


 


1.  Purchase
and Sale. Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby agrees to (i) sell,
assign, transfer and deliver to Purchasers, and Purchasers hereby agrees to purchase and accept delivery from the Company, the
Notes free of all liens, pledges, mortgages, security interests, charges, restrictions, adverse claims or other encumbrances of
any kind or nature whatsoever (“Encumbrances”), for the consideration specified herein and (ii) in consideration
of the Note Price delivered by the Purchasers to the Company, the Company hereby agrees to issue the Warrant to the Purchasers
upon receipt of payment for the Notes.


 


2.  Purchasers
Representations and Warranties. Each Purchaser, for itself and for no other Purchaser, hereby acknowledges, represents and
warrants as follows (with the understanding that the Company will rely on such representations and warranties in determining, among
other matters, the suitability of this investment for the Purchasers in order to comply with federal and state securities laws):


 


(a)  The
Purchaser has read this Agreement. The Purchaser acknowledges that this Securities Purchase Agreement is not intended to set forth
all of the information which might be deemed pertinent by an investor who is considering an investment in the Securities. It is
the responsibility of the Purchaser (i) to determine what additional information he desires to obtain in evaluating this investment,
and (ii) to obtain such information from the Company.


 


(b)  Standing
of Purchaser. If Purchaser is an entity, such Purchaser is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its formation. If Purchaser is a natural person, such Purchasers is not a minor and has the legal capacity
to enter into this Agreement;


 


(c)  Authorization
and Power. Purchaser has the requisite power and authority to enter into and perform this Agreement and to purchase the Notes and
accept the Warrants. The execution, delivery and performance of this Agreement by Purchaser and, if Purchaser is an entity, the
consummation by Purchaser of the transactions contemplated hereby have been duly authorized by all necessary company action, and
no further consent or authorization of Purchaser, its board of directors or similar governing body, or stockholders is required,
as applicable. This Agreement has been duly authorized, executed and delivered by Purchaser and constitutes, or shall constitute
when executed and delivered, a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with the
terms thereof;


 






     

     


    

 


(d)  No
Conflicts. If Purchaser is an entity, the execution, delivery and performance of this Agreement and the consummation by Purchaser
of the transactions contemplated hereby do not and will not result in a violation of Purchaser’s charter documents, bylaws
or other organizational documents, as applicable;


 


(e)  Information
on Purchasers. Such Purchaser is an “accredited investor,” as such term is defined in Rule 501(a) of Regulation
D promulgated by the Commission under the Securities Act and affirmed by Purchasers in the completed Purchaser Questionnaire attached
hereto as Exhibit B, is experienced in investments and business matters, has made investments of a speculative nature and
has purchased securities of United States publicly-owned companies in private placements in the past and, with its representatives,
has such knowledge and experience in financial, tax and other business matters as to enable Purchaser to utilize the information
made available by the Company to evaluate the merits and risks of and to make an informed investment decision with respect to the
proposed purchase, which represents a speculative investment. Purchaser is able to bear the risk of such investment for an indefinite
period and to afford a complete loss thereof. The information in any documents delivered by the Purchaser in connection with this
Agreement, including, but not limited to the Purchaser Questionnaire, is true, correct and complete in all respects as of the date
hereof. The Purchaser agrees promptly to notify the Company in writing of any change in such information after the date hereof.
Purchasers is not required to be registered as a broker-dealer under Section 15 of the Securities Exchange Act of 1934, as amended;


 


(f)  Purchase
of Notes and Warrants. Purchaser will purchase the Securities for its own account for investment and not with a view toward,
or for resale in connection with, the public sale or any distribution thereof in violation of the Securities Act or any applicable
state securities law, and has no direct or indirect arrangement or understandings with any other person or entity to distribute
or regarding the distribution of such Securities;


 


(g)  Compliance
with Securities Act. Purchaser understands and agrees that the Securities are “restricted securities” and have
not been registered under the Securities Act or any applicable state securities laws by reason of their issuance in a transaction
that does not require registration under the Securities Act, and that such Securities must be held indefinitely unless a subsequent
disposition is registered under the Securities Act or any applicable state securities laws or is exempt from such registration;


 


(h)  Transfer
or Resale. Such Purchaser understands that: (i) the Securities have not been and are not being registered under the Securities
Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (A) subsequently registered
thereunder, (B) such Purchaser shall have delivered to the Company (if requested by the Company) an opinion of counsel to such
Purchaser, in a form reasonably acceptable to the Company, to the effect that such Securities to be sold, assigned or transferred
may be sold, assigned or transferred pursuant to an exemption from such registration, or (C) such Purchaser provides the Company
with reasonable assurance that such Securities can be sold, assigned or transferred pursuant to Rule 144 or Rule 144A promulgated
under the Securities Act (or a successor rule thereto) (collectively, “Rule 144”); (ii) any sale of the Securities
made in reliance on Rule 144 may be made only in accordance with the terms of Rule 144, and further, if Rule 144 is not applicable,
any resale of the Securities under circumstances in which the seller (or the Person through whom the sale is made) may be deemed
to be an underwriter (as that term is defined in the Securities Act) may require compliance with some other exemption under the
Securities Act or the rules and regulations of the SEC promulgated thereunder; and (iii) neither the Company nor any other Person
is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the
terms and conditions of any exemption thereunder.


 


(i)  Legends.
The Purchaser understands and agrees that the Company will cause any necessary legends in addition to representations to be placed
upon any instruments(s) evidencing ownership of the Securities, together with any other legend that may be required by federal
or state securities laws or deemed necessary or desirable by the Company.


 


(j)  Communication
of Offer. Purchaser has a preexisting personal or business relationship with the Company or one or more of its directors, officers
or control persons, and the offer to sell the Securities was directly communicated to Purchaser by the Company. At no time was
Purchaser presented with or solicited by any leaflet, newspaper or magazine article, radio or television advertisement, or any
other form of general advertising or solicited or invited to attend a promotional meeting otherwise than in connection and concurrently
with such communicated offer;


 






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(k)  No
Governmental Endorsement. Purchaser understands that no United States federal or state agency or any other governmental or
state agency has passed on or made recommendations or endorsement of the Securities or the suitability of the investment in the
Securities, nor have such authorities passed upon or endorsed the merits of the offering of the Securities;


 


(l)  Receipt
of Information. Purchaser believes it has received all the information it considers necessary or appropriate for deciding whether
to purchase the Securities. Purchaser further represents that through its representatives it has had an opportunity to ask questions
and receive answers from the Company regarding the terms and conditions of the offering of the Securities and the business, properties
and financial condition of the Company and to obtain additional information (to the extent the Company possessed such information
or could acquire it without unreasonable effort or expense) necessary to verify the accuracy of any information furnished to it
or to which it had access. The Purchaser understands and acknowledges that the Company has not filed its Annual Report on Form
10-K for the fiscal year ended December 31, 2017 and as a result the Company is not current in its financial reporting; and


 


(m)  No
Market Manipulation. Purchasers and Purchaser’s affiliates have not taken, and will not take, directly or indirectly,
any action designed to, or that might reasonably be expected to, cause or result in stabilization or manipulation of the price
of the Common Stock, to facilitate the sale or resale of the Securities or affect the price at which the Securities may be issued
or resold.


  


3.  Company
Representations and Warranties. The Company represents and warrants to, and agrees with, Purchaser that:


 


(a)  Due
Incorporation. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the
jurisdiction of its incorporation;


 


(b)  Authority;
Enforceability. This Agreement has been duly authorized, executed and delivered by the Company and is the valid and binding
agreement of the Company, enforceable in accordance with their terms, except as may be limited by bankruptcy, insolvency, moratorium
or other similar laws affecting the enforcement of creditors’ rights generally, or principles of equity. The Company has
full corporate power and authority necessary to enter into and deliver this Agreement and to perform its obligations thereunder;


 


(c)  Capitalization
and Additional Issuances. The Company has authorized 320 million (320,000,000) shares of which 300 million is Common Stock
and 20 million is preferred stock. As of the date hereof, there are 39,530,432 shares of the Common Stock issued and outstanding
and 120,782,566 shares of the Common Stock which may be issued hereafter in respect of stock options, warrants, convertible securities
preferred stock or other Company Securities (as defined below) issued or outstanding as of the date hereof. All of the outstanding
shares of the Common Stock are, and the Common Stock to be issued pursuant to the Note and Warrant will be, duly authorized and
validly issued, fully paid and non-assessable and are not (and will not be) subject to pr eemptive
or similar rights affecting the Common Stock. As of the date hereof, except as described on Schedule 3(c) hereto, there are no
(i) contracts to which the Company is a party obligating the Company to accelerate the vesting of any company equity award as a
result of the transactions contemplated by this Agreement (whether alone or upon the occurrence of any additional or subsequent
events), (ii) outstanding securities of the Company convertible into or exchangeable for shares of the Common Stock, (iii) outstanding
options, warrants or other agreements or commitments to acquire from the Company, or obligations of the Company to issue, shares
of capital stock of (or securities convertible into or exchangeable for shares of capital stock of) the Company or (iv) restricted
shares, restricted stock units, stock appreciation rights, performance shares, profit participation rights, contingent value rights,
“phantom” stock or similar securities or rights that are derivative of, or provide economic benefits based, directly
or indirectly, on the value or price of, any shares of capital stock of the Company, in each case that have been issued by the
Company (the items in clauses (i), (ii) and (iii), together with the capital stock of the Company, being referred to collectively
as “Company Securities”). There are no outstanding contracts requiring the Company to repurchase, redeem or
otherwise acquire any Company Securities and the Company is not a party to any voting agreement with respect to any Company Securities;


 






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(d)  SEC
Filings; Financial Statements; Absence of Undisclosed Liabilities.


 


(i)  SEC
Filings. With the exception of the Company’s Annual Report on Form 10-K for fiscal year ended December 31, 2017, the
Company has filed with the SEC all registration statements, prospectuses, reports, schedules, forms, statements and other documents
(including exhibits and all other information incorporated by reference) required to be filed or furnished by it with the SEC since
February 5, 2016 (the “Company SEC Documents”) and such Company SEC Documents when filed were true, correct
and complete in all material respects. As of their respective filing dates (or, if amended or superseded by a subsequent filing,
as of the date of the last such amendment or superseding filing prior to the date hereof), each of the Company SEC Documents complied
in all material respects with the applicable requirements of the Sarbanes-Oxley Act of 2002 (including the rules and regulations
promulgated thereunder) and the Exchange Act, and the rules and regulations of the SEC thereunder applicable to such Company SEC
Documents and did not, at the time it was filed (or, if amended, at the time (and taking into account the content) of such amendment),
contain any untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in
order to make the statements made therein, in light of the circumstances under which they were made, not misleading. The Company
has made available to Purchasers correct and complete copies of all correspondence between the SEC, on the one hand, and the Company
and any of its subsidiaries, on the other hand, occurring since February 5, 2016.;


  


(ii)  Financial
Statements. Each of the consolidated financial statements (including, in each case, any related notes thereto) contained in
the Company SEC Documents: (i) complied as to form in all material respects with the published rules and regulations of the SEC
with respect thereto as of their respective dates; (ii) was prepared in accordance with United States generally accepted accounting
principles (“GAAP”) applied on a consistent basis throughout the periods involved (except as may be indicated in the
notes thereto and, in the case of unaudited interim financial statements, as may be permitted by the SEC for Quarterly Reports
on Form 10-Q); and (iii) fairly presented in all material respects the consolidated financial position of the Company at the respective
dates thereof and the consolidated results of the Company’s operations and cash flows for the periods indicated therein,
subject, in the case of unaudited interim financial statements, to normal and year-end audit adjustments as permitted by GAAP and
the applicable rules and regulations of the SEC. As of the date hereof, Sadler, Gibb & Associates, LLC has not resigned or
been dismissed as independent public accountants of the Company as a result of or in connection with any disagreements with the
Company on a matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure;


 


(iii)  No
Undisclosed Liabilities. Neither the Company nor any of its subsidiaries has any liability, indebtedness or obligation of any
kind (whether accrued, absolute, contingent, matured, unmatured or otherwise, and whether or not required to be recorded or reflected
on a balance sheet under GAAP) (“Liability”) except for Liabilities that (a) are reflected or recorded on the
Company’s most recent balance sheet included in the Company SEC Documents (including in the notes thereto but only to the
extent it is reasonably apparent that the disclosure in such notes is of a Liability required to be reflected on a balance sheet
prepared in accordance with GAAP) contained in the Company SEC Documents or (b) are current Liabilities (within the meaning of
GAAP) which were incurred since the date of such balance sheet in the ordinary course of business consistent with past practice;


 


(e)   Related
Party Transactions. All contracts, transactions, arrangements and understandings with any executive officer or director of
the Company or any of its subsidiaries, any other person that directly or indirectly controls, is controlled by or is under common
control with ( “Affiliate”), the Company, or any person owning 5% or more of the shares of the Common Stock
(or any of such person’s immediate family members or Affiliates or associates), which is required to be disclosed under Item
404 of Regulation S-K promulgated under the Securities Act, have been fully and properly disclosed in the appropriate Company SEC
Documents. To the Company’s knowledge there are no such contracts, transactions, arrangements or understandings which have
not been so disclosed;


 


(f)  Consents.
No consent, approval, authorization or order of any court, governmental agency or body having jurisdiction over the Company or
of any other person is required for the execution by the Company of this Agreement and compliance and performance by the Company
of its obligations hereunder,;


 






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(g)  No
Violation or Conflict. Neither the issuance of the Warrant nor the issuance and sale of the Shares nor the performance of the
Company’s obligations under this Agreement will:


 


(i)  violate,
conflict with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time
or both would be reasonably likely to constitute a default) under (a) the charter or bylaws of the Company or (b) any decree, judgment,
order or determination applicable to the Company of any court, governmental agency or body having jurisdiction over the Company
or over the properties or assets of the Company or (c) any contract, agreement, instrument or undertaking to which the Company
or any subsidiary is a party; or


 


(ii)  result
in the creation or imposition of any lien, charge or encumbrance upon the Securities except in favor of Purchasers as described
herein; 


 


(h)  Litigation.
There is no pending or, to the knowledge of the Company, threatened action, suit, proceeding or investigation before or by any
court, governmental agency or body having jurisdiction over the Company including, without limitation, any such that would affect
the execution by the Company or the complete and timely performance by the Company of its obligations under this Agreement. The
Company has not, since February 5, 2016, been a party to any material litigation, arbitration or other proceeding, other than what
has been previously disclosed by the Company in the Company SEC Documents;


 


(i)  No
General Solicitation. Neither the Company, nor any of its affiliates, nor any person or entity acting on its or their behalf,
has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under the Securities
Act) in connection with the offer or sale of the Shares;


 


(j)  Investment
Company. The Company is not an “investment company” within the meaning of the Investment Company Act of 1940, as
amended;


 



(m) No Defaults. Except as described on schedule 3(m)  or
the SEC Documents, no material default exists in the due performance and observance of any term, covenant or condition of any permit,
license, contract, indenture, mortgage, deed of trust, note, loan or credit agreement, or any other agreement or instrument evidencing
an obligation for borrowed money, or any other agreement or instrument to which the Company is a party or by which the Company
may be bound or to which any of the properties or assets of the Company is subject the effect of which would have a Material Adverse
Effect. Except as described SEC filings, the Company is not in violation of any material term or provision of its Certificate of
Incorporation or By-Laws or in material violation of any franchise, license, permit, applicable law, rule, regulation, judgment
or decree of any governmental agency or court, domestic or foreign, having jurisdiction over the Company or any of its properties
or business.


 


(n)
No Preemptive Rights; Options;. Except as set forth on schedule 3(n)  or
the SEC Documents, there are no preemptive or other rights to subscribe for or purchase, or any restriction upon the voting or
transfer of, any shares of Common Stock, or other securities of the Company.


 


(o) Registration Rights
of Third Parties. Except as set forth schedule 3(o), no holders of any securities of the Company or of any options or warrants
of the Company exercisable for or convertible or exchangeable into securities of the Company have the right to require the Company
to register any such securities of the Company under the Act or to include any such securities in a registration statement to be
filed by the Company.


 


4. Adjustments
for Stock Splits. In the event and to the extent that the Company consummates a reverse stock split or forward stock split
prior to the closing of this transaction, the number of issuable shares of Common Stock purchased under this agreement, including
the shares underlying the Note and the shares of Common Stock issuable pursuant to the Warrant shall be proportionately and equitably
adjusted.


 


 


5.  Broker’s
Commission/Finder’s Fee.  The Company has not yet
incurred any obligation for any finder’s, broker’s or agent’s fees or commissions in connection with the transaction
contemplated hereby. The Company, may however, incur obligations for any registered broker’s or agent’s fees or commissions
in connection with the transaction contemplated hereby.


 






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6.  Covenants
Regarding Indemnification. Each party hereto agrees to indemnify, hold harmless, reimburse and defend the other party and the
other party’s officers, directors, agents, counsel, affiliates, members, managers, control persons, and principal shareholders,
as applicable, against any claim, cost, expense, liability, obligation, loss or damage (including reasonable legal fees) of any
nature, incurred by or imposed upon the indemnified party or any such person which results, arises out of or is based upon (i)
any breach of any representation or warranty by the indemnifying party in this Agreement or (ii) any breach or default in performance
by the indemnifying party of any covenant or undertaking to be performed by the indemnifying party.


 


7.  Intellectual
Property Rights. The Company and its subsidiaries own or possess adequate rights or licenses to use all trademarks, trade names,
service marks, service mark registrations, service names, patents, patent rights, copyrights, inventions, licenses, approvals,
governmental authorizations, trade secrets and rights necessary to conduct their respective businesses as now conducted. The Company
and its subsidiaries do not have any knowledge of any infringement by the Company or its subsidiaries of trademark, trade name
rights, patents, patent rights, copyrights, inventions, licenses, service names, service marks, service mark registrations, trade
secret or other similar rights of others, or of any such development of similar or identical trade secrets or technical information
by others and, except as set forth on Schedule 3, there is no claim, action or proceeding being made or brought against, or to
the Company’s knowledge, being threatened against, the Company or its subsidiaries regarding trademarks, trade name rights,
patents, patent rights, inventions, copyrights, licenses, service names, service marks, service mark registrations, trade secrets
or other.


 


8.  Foreign
Corrupt Practices Act. To the Company’s knowledge, neither the Company, nor any director, officer, agent, employee or
other person acting on behalf of the Company or any subsidiary has, in the course of acting for, or on behalf of, the Company,
directly or indirectly used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating
to political activity; directly or indirectly made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act
of 1977, as amended, or any similar treaties of the United States; or directly or indirectly made any bribe, rebate, payoff, influence
payment, kickback or other unlawful payment to any foreign or domestic government or party official or employee.


 


9.  Miscellaneous.


 


(a)  Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery or facsimile, addressed as set forth on the signature pages hereto or to such other address as such party shall
have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall
be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile
machine, at the address or number designated on the signature page hereto (if delivered on a business day during normal business
hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business
day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing
by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur.


 


(b)  Entire
Agreement; Assignment. This Agreement constitutes the entire agreement between the parties hereto with respect to the subject
matter hereof and may be amended only by a writing executed by both parties hereto. Neither the Company nor Purchasers has relied
on any representations not contained or referred to in this Agreement and the documents delivered herewith.


 


(c)  Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument.
This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means with the
same force and effect as if such signature page were an original thereof.


 


(d)  Law
Governing this Agreement. This Agreement shall be governed by and construed in accordance with the laws of the State of New
Jersey without regard to principles of conflicts of laws. Any action brought by either party hereto against the other concerning
the transactions contemplated by this Agreement shall be brought only in the state courts of New Jersey or in the federal courts
located in the state of New Jersey. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue
of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum
non conveniens. The parties hereto agree to submit to the in personam jurisdiction of such courts and hereby irrevocably waive
trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and
costs.


 






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(e)  Severability.
In the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable
under any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict
therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid
or unenforceable under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party
hereto hereby irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding
in connection with this Agreement by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence
of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service shall constitute
good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right
to serve process in any other manner permitted by law.


 


(f)  Captions.
The captions of the various sections and paragraphs of this Agreement have been inserted only for the purposes of convenience;
such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain, enlarge or restrict any
of the provisions of this Agreement.


 


(g)  Confidentiality.
The Subscriber covenants and agrees that it will keep confidential and will not disclose or divulge any confidential or proprietary
information that such Subscriber may obtain from the Company pursuant to financial statements, reports, and other materials submitted
by the Company to such Subscriber in connection with this Offering or as a result of discussions with or inquiry made to the Company,
unless such information is known, or until such information becomes known, to the public through no action by the Subscriber; provided,
however, that a Subscriber may disclose such information to its attorneys, accountants, consultants, and other professionals to
the extent necessary in connection with his or her investment in the Company so long as any such professional to whom such information
is disclosed is made aware of the Subscriber’s obligations hereunder and such professional agrees to be likewise bound as
though such professional were a party hereto.


 


(h)  Entire
Agreement. This Securities Purchase Agreement (including the Exhibits attached hereto) and other offering documents delivered
at the closing pursuant hereto, contain the entire understanding of the parties in respect of its subject matter and supersedes
all prior agreements and understandings between or among the parties with respect to such subject matter. The Exhibits constitute
a part hereof as though set forth in full above.


 


(i)  Amendment;
Waiver. This Securities Purchase Agreement may not be modified, amended, supplemented, canceled or discharged, except by written
instrument executed by both parties. No failure to exercise and no delay in exercising, any right, power or privilege under this
Securities Purchase Agreement shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude the exercise of any other right, power or privilege. No waiver of any breach of any provision shall be deemed
to be a waiver of any proceeding or succeeding breach of the same or any other provision, nor shall any waiver be implied from
any course of dealing between the parties. No extension of time for performance of any obligations or other acts hereunder or under
any other agreement shall be deemed to be an extension of the time for performance of any other obligations or any other acts.
The rights and remedies of the parties under this Securities Purchase Agreement are in addition to all other rights and remedies,
at law or equity, that they may have against each other.


 


[signature page follows]


 




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SIGNATURE PAGE TO SECURITIES PURCHASE
AGREEMENT


 


INFORMATION IN RESPONSE TO THIS SECTION
WILL BE KEPT STRICTLY CONFIDENTIAL


  


	 	DOLLAR AMOUNT INVESTED:	$	 


 


AMOUNT INVESTED TO BE SENT VIA: ☐
Check (enclosed) ☐ Wire


 


	Name in Which Note and Warrants Should Be Issued:	 


 


	 	Name of Subscriber:	 
	 	 	 
	 	Taxpayer ID Number:	 
	 	 	 
	 	OR	 
	 	 	 
	 	Social Security Number:	 
	 	 	 


 


Address Information:


 


For individual subscribers this address
should be the Subscriber’s primary legal residence. For entities other than individual subscribers, please provide address
information for the entities primary place of business. Information regarding a joint subscriber should be included in the column
at right.


 


	 	 	 
	Legal Address	 	Legal Address
	 	 	 
	 	 	 
	City, State, and Zip Code	 	City, State, and Zip Code


 


	AGREED AND SUBSCRIBED	 	ACCEPTED 
	 	 	 	 	 
	This ___ day of _________, 2018	 	This ___ day of _______, 2018
	 	 	 	 	 
	By:	 	 	By:	 
	 	Name: 	 	 	Name: Jeremy Frommer 
	 	Title (if any): 	 	 	Title:  Chief Executive Officer


 




     

     


    

  


CERTIFICATE OF SIGNATORY


(To be completed if the Securities are


being subscribed for by an entity)


 


I______________________ am the ___________________________ of
___________________________ (the “Entity”).


 


I certify that I am empowered and duly
authorized by the Entity to execute and carry out the terms of the Securities Purchase Agreement and to purchase and hold the Notes
and Warrants, and certify further that the Securities Purchase Agreement has been duly and validly executed on behalf of the Entity
and constitutes a legal and binding obligation of the Entity.


 


IN WITNESS WHEREOF, I have set my hand
this ____ day of _______________, 2018.


  


______________________________________


 


(Signature)