Document:

EXHIBIT 10.1

 

Exhibit
10.1

 

SECURITIES
PURCHASE AGREEMENT

 

This
Securities Purchase Agreement (this “Agreement”) is dated as of September ______, 2014, between LIFELOGGER
TECHNOLOGIES CORP., a Nevada corporation (the “Company”), and each purchaser identified on the signature pages
hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).

 

WHEREAS,
subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securities Act of 1933,
as amended (the “Securities Act”), and Rule 506 promulgated thereunder, the Company desires to issue and sell
to each Purchaser, and each Purchaser, severally and not jointly, desires to purchase from the Company, securities of the Company
as more fully described in this Agreement.

 

NOW,
THEREFORE, IN CONSIDERATION of the mutual covenants contained in this Agreement, and for other good and valuable consideration
the receipt and adequacy of which are hereby acknowledged, the Company and each Purchaser agree as follows:

 

ARTICLE
I.

DEFINITIONS

 

1.1
Definitions. In addition to the terms defined elsewhere in this Agreement: (a) capitalized terms that are not otherwise
defined herein have the meanings given to such terms in the Certificate of Designation (as defined herein), and (b) the following
terms have the meanings set forth in this Section 1.1:

 

“Action”
shall have the meaning ascribed to such term in Section 3.1(j).

 

“Affiliate”
means any Person that, directly or indirectly through one or more intermediaries, controls or is controlled by or is under common
control with a Person, as such terms are used in and construed under Rule 405 under the Securities Act.

 

“Board
of Directors” means the board of directors of the Company.

 

“Business
Day” means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or
any day on which banking institutions in the State of New York are authorized or required by law or other governmental action
to close.

 

“Closing”
means the closing of the purchase and sale of the Securities pursuant to Section 2.1.

 

“Closing
Date” means the date on which all of the Transaction Documents have been executed and delivered by the applicable parties
thereto, and all conditions precedent to (i) the Purchasers’ obligations to pay the Subscription Amount and (ii) the Company’s
obligations to deliver the Securities, in each case, have been satisfied or waived.

 

    	 

    	 	 	 

    

 

“Closing
Statement” means the Closing Statement in the form on Annex A attached hereto.

 

“Commission”
or “SEC” means the United States Securities and Exchange Commission.

 

“Common
Stock” means the shares of the restricted, unregistered common stock of the Company, par value $0.001 per share, being
sold to Purchasers in connection with this Agreement, and any other class of securities into which such securities may hereafter
be reclassified or changed.

 

“Company
Counsel” means Legal & Compliance, LLC, with offices located at 330 Clematis Street, Suite 217, West Palm Beach,
Florida 33401.

 

“Disclosure
Schedules” shall have the meaning ascribed to such term in Section 3.1.

 

“Effective
Date” means the earliest of the date that (a) any initial Registration Statement has been declared effective by the
Commission, (b) all of the Securities have been sold pursuant to Rule 144 or may be sold pursuant to Rule 144 without the requirement
for the Company to be in compliance with the current public information required under Rule 144 and without volume or manner-of-sale
restrictions or (c) following the one year anniversary of the Closing Date provided that a holder of Securities is not an Affiliate
of the Company, all of the Securities may be sold pursuant to an exemption from registration under Section 4(1) of the Securities
Act without volume or manner-of-sale restrictions and Company counsel has delivered to such holders a standing written unqualified
opinion that resales may then be made by such holders of the Securities pursuant to such exemption which opinion shall be in form
and substance reasonably acceptable to such holders.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Exempt
Issuance” means the issuance of (a) shares of Common Stock or options to employees, officers or directors of the Company
pursuant to any stock or option plan duly adopted for such purpose, by a majority of the non-employee members of the Board of
Directors or a majority of the members of a committee of non-employee directors established for such purpose; provided,
however, in the event that the Company were not publicly reporting with the SEC, such issuances shall not exceed, in the
aggregate, 5% of the issued and outstanding shares of Common Stock as of the date hereof, (b) securities upon the exercise or
exchange of or conversion of any Securities issued hereunder and/or other securities exercisable or exchangeable for or convertible
into shares of Common Stock issued and outstanding on the date of this Agreement, provided that such securities have not been
amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price, exchange
price or conversion price of such securities, and (c) securities issued pursuant to acquisitions or strategic transactions approved
by a majority of the disinterested directors of the Company, provided that any such issuance shall only be to a Person (or to
the equityholders of a Person) which is, itself or through its subsidiaries, an operating company or an owner of an asset in a
business synergistic with the business of the Company and shall provide to the Company additional benefits in addition to the
investment of funds, but shall not include a transaction in which the Company is issuing securities primarily for the purpose
of raising capital or to an entity whose primary business is investing in securities: provided, however, in the
event that the Company were not publicly reporting with the SEC, such issuances shall not exceed, in the aggregate, 10% of the
issued and outstanding shares of Common Stock as of the date hereof.

 

    	 

    	 	 	 

    

 

“FCPA”
means the Foreign Corrupt Practices Act of 1977, as amended.

 

“GAAP”
shall have the meaning ascribed to such term in Section 3.1(h).

 

“Indebtedness”
shall have the meaning ascribed to such term in Section 3.1(x).

 

“Intellectual
Property Rights” shall have the meaning ascribed to such term in Section 3.1(o).

 

“Legend
Removal Date” shall have the meaning ascribed to such term in Section 4.1(c).

 

“Liens”
means a lien, charge, pledge, security interest, encumbrance, right of first refusal, preemptive right or other restriction.

 

“Material
Adverse Effect” shall have the meaning assigned to such term in Section 3.1(b).

 

“Material
Permits” shall have the meaning ascribed to such term in Section 3.1(m).

 

“Maximum
Rate” shall have the meaning ascribed to such term in Section 5.17.

 

“Person”
means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability
company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an informal investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

 

“Registration
Statement” means a registration statement covering the resale of the Common Stock by each Purchaser.

 

    	 

    	 	 	 

    

 

“Required
Approvals” shall have the meaning ascribed to such term in Section 3.1(e).

 

“Rule
144” means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended or interpreted
from time to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose
and effect as such Rule.

 

“Securities”
for purposes of this Agreement means the Common Stock.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Significant
Purchaser” means any Purchaser, including its Affiliates, having an aggregate Subscription Amount of at least $50,000

 

“Stated
Value” means a deemed per-share valuation of a share of the Common Stock as of the applicable measurement date which
shall equal the amount that is FIFTEEN (15%) PERCENT less than the average per-share trading value of the Company’s registered
common stock as of such applicable measurement date or such most-recent prior date that there is such trade data in the event
there is none as of such applicable measurement date.

 

“Subscription
Amount” shall mean, as to each Purchaser, the aggregate amount to be paid for the Common Stock purchased hereunder as
specified below such Purchaser’s name on the signature page of this Agreement and next to the heading “Subscription
Amount,” in United States dollars and in immediately available funds.

 

“Subsidiary”
means any subsidiary of the Company as set forth on Schedule 3.1(a) and shall, where applicable, also include any
direct or indirect subsidiary of the Company formed or acquired after the date hereof.

 

“Trading
Day” means a day on which the New York Stock Exchange (or any successor entity) is open for trading.

 

“Transaction
Documents” means this Agreement and all exhibits and schedules hereto and any other documents or agreements executed
in connection with the transactions contemplated hereunder.

 

    	 

    	 	 	 

    

 

ARTICLE
II.

PURCHASE
AND SALE

 

2.1
Closing. On the Closing Date, upon the terms and subject to the conditions set forth herein, substantially concurrent with
the execution and delivery of this Agreement by the parties hereto, the Company agrees to sell, and the Purchasers, severally
and not jointly, agree to purchase, 417,000 of shares of Common Stock at a price of $0.60 per share for a total of TWO HUNDRED
FIFTY THOUSAND AND 00/100 DOLLARS ($250,000.00). The Purchaser shall deliver to the Company, via wire transfer or a certified
check, immediately available funds equal to the Subscription Amount and the Company shall deliver to the Purchaser its shares
of Common Stock. Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, the Closing shall occur
at the offices of _____________ or such other location as the parties shall mutually agree.

 

2.2
Deliveries.

 

(a)
On or prior to the Closing Date, the Company shall deliver or cause to be delivered to each Purchaser the following:

 

(i)
this Agreement duly executed by the Company;

 

(ii)
a certificate evidencing a number of shares of Common Stock equal to such Purchaser’s Subscription Amount divided by the
Stated Value, registered in the name of such Purchaser.

 

(b)
On or prior to the Closing Date, each Purchaser shall deliver or cause to be delivered to the Company the following:

 

(i)
this Agreement duly executed by such Purchaser; and

 

(ii)
such Purchaser’s Subscription Amount by wire transfer to the account specified in writing by the Company.

 

2.3
Closing Conditions.

 

(a)
The obligations of the Company hereunder in connection with the Closing are subject to the following conditions being met:

 

(i)
the accuracy in all material respects on the Closing Date of the representations and warranties of the Purchasers contained herein
(unless as of a specific date therein in which case they shall be accurate as of such date);

 

(ii)
all obligations, covenants and agreements of each Purchaser required to be performed at or prior to the Closing Date shall have
been performed; and

 

(iii)
the delivery by each Purchaser of the items set forth in Section 2.2(b) of this Agreement.

 

    	 

    	 	 	 

    

 

(b)
The respective obligations of the Purchasers hereunder in connection with the Closing are subject to the following conditions
being met:

 

(i)
the accuracy in all material respects when made and on the Closing Date of the representations and warranties of the Company contained
herein (unless as of a specific date therein);

 

(ii)
all obligations, covenants and agreements of the Company required to be performed at or prior to the Closing Date shall have been
performed;

 

(iii)
the delivery by the Company of the items set forth in Section 2.2(a) of this Agreement; and

 

(iv)
there shall have been no Material Adverse Effect with respect to the Company since the date hereof.

 

ARTICLE
III.

REPRESENTATIONS
AND WARRANTIES

 

3.1
Representations and Warranties of the Company. Except as set forth in the Disclosure Schedules, which Disclosure Schedules
shall be deemed a part hereof and shall qualify any representation or otherwise made herein to the extent of the disclosure contained
in the corresponding section of the Disclosure Schedules, the Company hereby makes the following representations and warranties
to each Purchaser:

 

(a)
Subsidiaries. All of the direct and indirect subsidiaries of the Company are set forth on Schedule 3.1(a).
The Company owns, directly or indirectly, all of the capital stock or other equity interests of each Subsidiary free and clear
of any Liens, and all of the issued and outstanding shares of capital stock of each Subsidiary are validly issued and are fully
paid, non-assessable and free of preemptive and similar rights to subscribe for or purchase securities. If the Company has no
subsidiaries, all other references to the Subsidiaries or any of them in the Transaction Documents shall be disregarded.

 

(b)
Organization and Qualification. The Company and each of the Subsidiaries is an entity duly incorporated or otherwise organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, with the requisite
power and authority to own and use its properties and assets and to carry on its business as currently conducted. Neither the
Company nor any Subsidiary is in violation nor default of any of the provisions of its respective certificate or articles of incorporation,
bylaws or other organizational or charter documents. Each of the Company and the Subsidiaries is duly qualified to conduct business
and is in good standing as a foreign corporation or other entity in each jurisdiction in which the nature of the business conducted
or property owned by it makes such qualification necessary, except where the failure to be so qualified or in good standing, as
the case may be, could not have or reasonably be expected to result in: (i) a material adverse effect on the legality, validity
or enforceability of any Transaction Document, (ii) a material adverse effect on the results of operations, assets, business,
prospects or condition (financial or otherwise) of the Company and the Subsidiaries, taken as a whole, or (iii) a material adverse
effect on the Company’s ability to perform in any material respect on a timely basis its obligations under any Transaction
Document (any of (i), (ii) or (iii), a “Material Adverse Effect”) and no Proceeding has been
instituted in any such jurisdiction revoking, limiting or curtailing or seeking to revoke, limit or curtail such power and authority
or qualification.

 

    	 

    	 	 	 

    

 

(c)
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by this Agreement and each of the other Transaction Documents and otherwise to carry out its obligations
hereunder and thereunder. The execution and delivery of this Agreement and each of the other Transaction Documents by the Company
and the consummation by it of the transactions contemplated hereby and thereby have been duly authorized by all necessary action
on the part of the Company and no further action is required by the Company, the Board of Directors or the Company’s stockholders
in connection herewith or therewith other than in connection with the Required Approvals. This Agreement and each other Transaction
Document to which it is a party has been (or upon delivery will have been) duly executed by the Company and, when delivered in
accordance with the terms hereof and thereof, will constitute the valid and binding obligation of the Company enforceable against
the Company in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii)
as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii)
insofar as indemnification and contribution provisions may be limited by applicable law.

 

(d)
No Conflicts. The execution, delivery and performance by the Company of this Agreement and the other Transaction Documents
to which it is a party, the issuance and sale of the Securities and the consummation by it of the transactions contemplated hereby
and thereby do not and will not: (i) conflict with or violate any provision of the Company’s or any Subsidiary’s certificate
or articles of incorporation, bylaws or other organizational or charter documents, (ii) conflict with, or constitute a default
(or an event that with notice or lapse of time or both would become a default) under, result in the creation of any Lien upon
any of the properties or assets of the Company or any Subsidiary, or give to others any rights of termination, amendment, acceleration
or cancellation (with or without notice, lapse of time or both) of, any agreement, credit facility, debt or other instrument (evidencing
a Company or Subsidiary debt or otherwise) or other understanding to which the Company or any Subsidiary is a party or by which
any property or asset of the Company or any Subsidiary is bound or affected, or (iii) subject to the Required Approvals, conflict
with or result in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court
or governmental authority to which the Company or a Subsidiary is subject (including federal and state securities laws and regulations),
or by which any property or asset of the Company or a Subsidiary is bound or affected; except in the case of each of clauses (ii)
and (iii), such as could not have or reasonably be expected to result in a Material Adverse Effect.

 

(e)
Filings, Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization or order of,
give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority
or other Person in connection with the execution, delivery and performance by the Company of the Transaction Documents, other
than the filing of Form D with the Commission and such filings as are required to be made under applicable state securities laws
(collectively, the “Required Approvals”).

 

    	 

    	 	 	 

    

 

(f)
Issuance of the Securities. The Securities are duly authorized and, when issued and paid for in accordance with the applicable
Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed by the
Company other than restrictions on transfer provided for in the Transaction Documents.

 

(g)
Capitalization. The capitalization of the Company is as set forth on Schedule 3.1(g), which Schedule
3.1(g) shall also include the number of shares of Common Stock owned beneficially, and of record, by Affiliates of the
Company as of the date hereof. No Person has any right of first refusal, preemptive right, right of participation, or any similar
right to participate in the transactions contemplated by the Transaction Documents. Except as a result of the purchase and sale
of the Securities and except as set forth on Schedule 3.1(g), there are no outstanding options, warrants, scrip
rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities, rights or obligations convertible
into or exercisable or exchangeable for, or giving any Person any right to subscribe for or acquire any shares of Common Stock,
or contracts, commitments, understandings or arrangements by which the Company or any Subsidiary is or may become bound to issue
additional shares of Common Stock or Common Stock Equivalents. The issuance and sale of the Securities will not obligate the Company
to issue shares of Common Stock or other securities to any Person (other than the Purchasers) and will not result in a right of
any holder of Company securities to adjust the exercise, conversion, exchange or reset price under any of such securities. All
of the outstanding shares of capital stock of the Company, including Common Stock, are duly authorized, validly issued, fully
paid and nonassessable, have been issued in compliance with all federal and state securities laws, and none of such outstanding
shares was issued in violation of any preemptive rights or similar rights to subscribe for or purchase securities. No further
approval or authorization of any stockholder, the Board of Directors or others is required for the issuance and sale of the Securities.
There are no stockholders agreements, voting agreements or other similar agreements with respect to the Company’s capital
stock to which the Company is a party or, to the knowledge of the Company, between or among any of the Company’s stockholders.

 

(h)
Financial Statements. The unaudited financial statements of the Company for its most recently completed fiscal quarter
are available online with the SEC in its EDGAR filings in the Company’s most recent Form 10-Q for the six months ended June
30, 2014. The audited financial statements of the Company as at December 31, 2013 are also available on EDGAR in the Company’s
Form 10-K, prepared in accordance with generally accepted accounting principles applied on a consistent basis during the periods
involved (“GAAP”), except as may be otherwise specified in such financial statements or the notes thereto.
Unaudited financial statements may not contain all footnotes required by GAAP, but will fairly present in all material respects
the financial position of the Company and its consolidated Subsidiaries as of and for the dates thereof and the results of operations
and cash flows for the periods then ended, subject, in the case of unaudited statements, to normal year-end audit adjustments.

 

    	 

    	 	 	 

    

 

(i)
Material Changes. Except as set forth on Schedule 3.1(i), since the date of this Agreement, (i) there has
been no event, occurrence or development that has had or that could reasonably be expected to result in a Material Adverse Effect,
(ii) the Company has not incurred any liabilities (contingent or otherwise) that have not been repaid other than (A) trade payables
and accrued expenses incurred in the ordinary course of business consistent with past practice, and (B) liabilities not required
to be reflected in the Company’s financial statements pursuant to GAAP, (iii) the Company has not altered its method of
accounting, (iv) the Company has not declared or made any dividend or distribution of cash or other property to its members or
purchased, redeemed or made any agreements to purchase or redeem any units and (v) the Company has not issued any equity securities
to any officer, manager, or Affiliate, except pursuant to existing Company stock option plans.

 

(j)
Litigation. There is no action, suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge
of the Company, threatened against or affecting the Company, any Subsidiary or any of their respective properties before or by
any court, arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign)
(collectively, an “Action”) which (i) adversely affects or challenges the legality, validity or enforceability
of any of the Transaction Documents or the Securities or (ii) could, if there were an unfavorable decision, have or reasonably
be expected to result in a Material Adverse Effect. Neither the Company nor any Subsidiary, nor any director or officer thereof,
is or has been the subject of any Action involving a claim of violation of or liability under federal or state securities laws
or a claim of breach of fiduciary duty. There has not been, and to the knowledge of the Company, there is not pending or contemplated,
any investigation by the Commission involving the Company or any current or former director or officer of the Company.

 

(k)
Labor Relations. No labor dispute exists or, to the knowledge of the Company, is imminent with respect to any of the employees
of the Company, which could reasonably be expected to result in a Material Adverse Effect. None of the Company’s or its
Subsidiaries’ employees is a member of a union that relates to such employee’s relationship with the Company or such
Subsidiary, and neither the Company nor any of its Subsidiaries is a party to a collective bargaining agreement, and the Company
and its Subsidiaries believe that their relationships with their employees are good. To the knowledge of the Company, no executive
officer of the Company or any Subsidiary, is, or is now expected to be, in violation of any material term of any employment contract,
confidentiality, disclosure or proprietary information agreement or non-competition agreement, or any other contract or agreement
or any restrictive covenant in favor of any third party, and the continued employment of each such executive officer does not
subject the Company or any of its Subsidiaries to any liability with respect to any of the foregoing matters. The Company and
its Subsidiaries are in compliance with all U.S. federal, state, local and foreign laws and regulations relating to employment
and employment practices, terms and conditions of employment and wages and hours, except where the failure to be in compliance
could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

    	 

    	 	 	 

    

 

(l)
Compliance. Neither the Company nor any Subsidiary: (i) is in default under or in violation of (and no event has occurred
that has not been waived that, with notice or lapse of time or both, would result in a default by the Company or any Subsidiary
under), nor has the Company or any Subsidiary received notice of a claim that it is in default under or that it is in violation
of, any indenture, loan or credit agreement or any other agreement or instrument to which it is a party or by which it or any
of its properties is bound (whether or not such default or violation has been waived), (ii) is in violation of any judgment, decree
or order of any court, arbitrator or other governmental authority or (iii) is or has been in violation of any statute, rule, ordinance
or regulation of any governmental authority, including without limitation all foreign, federal, state and local laws relating
to taxes, environmental protection, occupational health and safety, product quality and safety and employment and labor matters,
except in each case as could not have or reasonably be expected to result in a Material Adverse Effect.

 

(m)
Regulatory Permits. The Company and the Subsidiaries possess all certificates, authorizations and permits issued by the
appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses, except where
the failure to possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material
Permits”), and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation
or modification of any Material Permit.

 

(n)
Title to Assets. The Company and the Subsidiaries have good and marketable title in fee simple to all real property owned
by them and good and marketable title in all personal property owned by them that is material to the business of the Company and
the Subsidiaries, in each case free and clear of all Liens, except for (i) Liens as do not materially affect the value of such
property and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries
and (ii) Liens for the payment of federal, state or other taxes, for which appropriate reserves have been made therefor in accordance
with GAAP and, the payment of which is neither delinquent nor subject to penalties. Any real property and facilities held under
lease by the Company and the Subsidiaries are held by them under valid, subsisting and enforceable leases with which the Company
and the Subsidiaries are in compliance.

 

(o)
Intellectual Property. The Company and the Subsidiaries have, or have rights to use, all patents, patent applications,
trademarks, trademark applications, service marks, trade names, trade secrets, inventions, copyrights, licenses and other intellectual
property rights and similar rights as necessary or required for use in connection with their respective businesses and which the
failure to so have could have a Material Adverse Effect (collectively, the “Intellectual Property Rights”).
None of, and neither the Company nor any Subsidiary has received a notice (written or otherwise) that any of, the Intellectual
Property Rights has expired, terminated or been abandoned, or is expected to expire or terminate or be abandoned, within two (2)
years from the date of this Agreement. Neither the Company nor any Subsidiary has received, a written notice of a claim or otherwise
has any knowledge that the Intellectual Property Rights violate or infringe upon the rights of any Person, except as could not
have or reasonably be expected to not have a Material Adverse Effect. To the knowledge of the Company, all such Intellectual Property
Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual Property Rights. The
Company and its Subsidiaries have taken reasonable security measures to protect the secrecy, confidentiality and value of all
of their intellectual properties, except where failure to do so could not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect.

 

    	 

    	 	 	 

    

 

(p)
Transactions With Affiliates and Employees. Except as set forth on Schedule 3.1(p), none of the officers
or directors of the Company or any Subsidiary and, to the knowledge of the Company, none of the employees of the Company or any
Subsidiary is presently a party to any transaction with the Company or any Subsidiary (other than for services as employees, officers
and directors), including any contract, agreement or other arrangement providing for the furnishing of services to or by, providing
for rental of real or personal property to or from, providing for the borrowing of money from or lending of money too or otherwise
requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in which
any officer, director, or any such employee has a substantial interest or is an officer, director, trustee, stockholder, member
or partner, in each case in excess of $120,000 other than for: (i) payment of salary or consulting fees for services rendered,
(ii) reimbursement for expenses incurred on behalf of the Company and (iii) other employee benefits, including stock option agreements
under any stock option plan of the Company.

 

(q)
Certain Fees. Except as set forth on Schedule 3.1(q), no brokerage or finder’s fees or commissions
are or will be payable by the Company or any Subsidiary to any broker, financial advisor or consultant, finder, placement agent,
investment banker, bank or other Person with respect to the transactions contemplated by the Transaction Documents. The Purchasers
shall have no obligation with respect to any fees or with respect to any claims made by or on behalf of other Persons for fees
of a type contemplated in this Section that may be due in connection with the transactions contemplated by the Transaction Documents.

 

(r)
Private Placement. Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section 3.2,
no registration under the Securities Act is required for the offer and sale of the Securities by the Company to the Purchasers
as contemplated hereby.

 

(s)
Investment Company. The Company is not, and is not an Affiliate of, and immediately after receipt of payment for the Securities,
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 an “investment company”
subject to registration under the Investment Company Act of 1940, as amended.

 

    	 

    	 	 	 

    

 

(t)
Registration Rights. Other than each of the Purchasers, no Person has any right to cause the Company to effect the registration
under the Securities Act of any securities of the Company or any Subsidiary.

 

(u)
Application of Takeover Protections. The Company and the Board of Directors have taken all necessary action, if any, in
order to render inapplicable any control share acquisition, business combination, poison pill (including any distribution under
a rights agreement) or other similar anti-takeover provision under the Company’s certificate of incorporation (or similar
charter documents) or the laws of its state of incorporation that is or could become applicable to the Purchasers as a result
of the Purchasers and the Company fulfilling their obligations or exercising their rights under the Transaction Documents, including
without limitation as a result of the Company’s issuance of the Securities and the Purchasers’ ownership of the Securities.

 

(v)
Disclosure. All of the disclosures furnished by or on behalf of the Company to the Purchasers regarding the Company and
its business and the transactions contemplated hereby, including the Disclosure Schedules to this Agreement, are true and correct
in all materials respects and do not contain any untrue statement of a material fact or omit to state any material fact necessary
in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. The Company
acknowledges and agrees that no Purchaser makes or has made any representations or warranties with respect to the transactions
contemplated hereby other than those specifically set forth in Section 3.2 hereof.

 

(w)
No Integrated Offering. Assuming the accuracy of the Purchasers’ representations and warranties set forth in Section
3.2, neither the Company, nor any of its Affiliates, nor any Person acting on its or their behalf has, directly or indirectly,
made any offers or sales of any security or solicited any offers to buy any security, under circumstances that would cause this
offering of the Securities to be integrated with prior offerings by the Company for purposes of the Securities Act which would
require the registration of any such securities under the Securities Act. 

 

(x)
Solvency. Schedule 3.1(x) sets forth as of the date hereof all outstanding secured and unsecured Indebtedness of
the Company or any Subsidiary, or for which the Company or any Subsidiary has commitments. For the purposes of this Agreement,
“Indebtedness” means (x) any liabilities for borrowed money or amounts owed in excess of $50,000 (other than
trade accounts payable incurred in the ordinary course of business), (y) all guaranties, endorsements and other contingent obligations
in respect of indebtedness of others, whether or not the same are or should be reflected in the Company’s consolidated balance
sheet (or the notes thereto), except guaranties by endorsement of negotiable instruments for deposit or collection or similar
transactions in the ordinary course of business; and (z) the present value of any lease payments in excess of $50,000 due under
leases required to be capitalized in accordance with GAAP. Neither the Company nor any Subsidiary is in default with respect to
any Indebtedness.

 

    	 

    	 	 	 

    

 

(y)
Tax Status. Except for matters that would not, individually or in the aggregate, have or reasonably be expected to result
in a Material Adverse Effect, the Company and its Subsidiaries each (i) has made or filed all United States federal, state and
local income and all foreign income and franchise tax returns, reports and declarations required by any jurisdiction to which
it is subject, (ii) has paid all taxes and other governmental assessments and charges that are material in amount, shown or determined
to be due on such returns, reports and declarations and (iii) has set aside on its books provision reasonably adequate for the
payment of all material taxes for periods subsequent to the periods to which such returns, reports or declarations apply. There
are no unpaid taxes in any material amount claimed to be due by the taxing authority of any jurisdiction, and the officers of
the Company or of any Subsidiary know of no basis for any such claim.

 

(z)
No General Solicitation. Neither the Company nor any person acting on behalf of the Company has offered or sold any of
the Securities by any form of general solicitation or general advertising. The Company has offered the Securities for sale only
to the Purchasers and certain other “accredited investors” within the meaning of Rule 501 under the Securities Act.

 

(aa)
Foreign Corrupt Practices. Neither the Company nor any Subsidiary, nor to the knowledge of the Company or any Subsidiary,
any agent or other person acting on behalf of the Company or any Subsidiary, has: (i) directly or indirectly, used any funds for
unlawful contributions, gifts, entertainment or other unlawful expenses related to foreign or domestic political activity, (ii)
made any unlawful payment to foreign or domestic government officials or employees or to any foreign or domestic political parties
or campaigns from corporate funds, (iii) failed to disclose fully any contribution made by the Company or any Subsidiary (or made
by any person acting on its behalf of which the Company is aware) which is in violation of law or (iv) violated in any material
respect any provision of FCPA.

 

(bb)
Seniority. As of the Closing Date, no Indebtedness or other claim against the Company is senior to the Preferred Stock
in right of payment, whether with respect to interest or upon liquidation or dissolution, or otherwise.

 

(cc)
Acknowledgment Regarding Purchasers’ Purchase of Securities. The Company acknowledges and agrees that each of the
Purchasers is acting solely in the capacity of an arm’s length purchaser with respect to the Transaction Documents and the
transactions contemplated thereby. The Company further acknowledges that no Purchaser is acting as a financial advisor or fiduciary
of the Company (or in any similar capacity) with respect to the Transaction Documents and the transactions contemplated thereby
and any advice given by any Purchaser or any of their respective representatives or agents in connection with the Transaction
Documents and the transactions contemplated thereby is merely incidental to the Purchasers’ purchase of the Securities.
The Company further represents to each Purchaser that the Company’s decision to enter into this Agreement and the other
Transaction Documents has been based solely on the independent evaluation of the transactions contemplated hereby by the Company
and its representatives.

 

    	 

    	 	 	 

    

 

(dd)
Marketing Rights. Except as set forth on Schedule 3.1(dd), neither the Company nor any of its Subsidiaries
have granted rights to license, market, or sell its products or services to any other Person and is not bound by any agreement
that affects the Company’s (or any Subsidiary’s) exclusive right to develop, distribute, market or sell its products
or services.

 

(ee)
Employees. Neither the Company nor any of its Subsidiaries has any collective bargaining agreements with any of its employees.
There is no labor union organizing activity pending or, to the Company’s knowledge, threatened with respect to the Company
or its Subsidiaries. Neither the Company nor any of its Subsidiaries is a party to or bound by any currently effective employment
contract, deferred compensation arrangement, bonus plan, incentive plan, profit sharing plan, retirement agreement or other employee
compensation plan or agreement. To the Company’s knowledge, no employee of the Company or any Subsidiary, nor any consultant
with whom the Company or any Subsidiary has contracted, is in violation of any term of any employment contract, proprietary information
agreement or any other agreement relating to the right of any such individual to be employed by, or to contract with, the Company
(or any Subsidiary) because of the nature of the business to be conducted by the Company (or any Subsidiary); and to the Company’s
knowledge the continued employment by the Company (and its Subsidiaries) of their respective present employees, and the performance
of the Company’s (and Subsidiaries’) contracts with its independent contractors, will not result in any such violation.
The Company has not received any notice alleging that any such violation has occurred. Except as set forth on Schedule 3.1(ee),
no employee of the Company or any Subsidiary has been granted the right to continued employment by the Company (or any Subsidiary)
or to any material compensation following termination of employment with the Company (or any Subsidiary). The Company is not aware
that any officer, key employee or group of employees intends to terminate his, her or their employment with the Company (or any
Subsidiary) nor does the Company have a present intention to terminate the employment of any officer, key employee or group of
employees. The Company and its Subsidiaries are in compliance with all U.S. federal, state, local and foreign laws and regulations
relating to employment and employment practices, terms and conditions of employment and wages and hours, except where the failure
to be in compliance could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect

 

(ff)
Obligations of Management. Each officer and key employee of the Company and its Subsidiaries is currently devoting substantially
all of his or her business time to the conduct of business of the Company or its Subsidiaries. The Company is not aware that any
officer or key employee of the Company (or any Subsidiary) is planning to work less than full time at the Company (or any Subsidiary)
in the future. No officer or key employee is the currently working or, to the Company’s knowledge, plans to work for a competitive
enterprise, whether or not such officer of key employee is or will be compensated by such enterprise.

 

(gg)
Employee Benefits. Except as set forth on Schedule 3.1(gg), the Company does not maintain, and is
not required by any applicable law to maintain, any “employee benefit plan” as such term is defined in Section 3(3)
of the Employee Retirement Income Security Act of 1974, as amended, or any other employee benefit plan, program or arrangement
of any kind.

 

    	 

    	 	 	 

    

 

(hh)
[Reserved].

 

(ii)
[Reserved] 

 

(jj)
Office of Foreign Assets Control. Neither the Company nor any Subsidiary nor, to the Company’s knowledge, any director,
officer, agent, employee or affiliate of the Company or any Subsidiary is currently subject to any U.S. sanctions administered
by the Office of Foreign Assets Control of the U.S. Treasury Department (“OFAC”).

 

(kk)
U.S. Real Property Holding Corporation. The Company is not and has never been a U.S. real property holding corporation
within the meaning of Section 897 of the Internal Revenue Code of 1986, as amended, and the Company shall so certify upon Purchaser’s
request.

 

(ll)
Bank Holding Company Act. Neither the Company nor any of its Subsidiaries or Affiliates is subject to the Bank Holding
Company Act of 1956, as amended (the “BHCA”) and to regulation by the Board of Governors of the Federal Reserve
System (the “Federal Reserve”). Neither the Company nor any of its Subsidiaries or Affiliates owns or controls,
directly or indirectly, five percent (5%) or more of the outstanding shares of any class of voting securities or twenty-five percent
or more of the total equity of a bank or any entity that is subject to the BHCA and to regulation by the Federal Reserve. Neither
the Company nor any of its Subsidiaries or Affiliates exercises a controlling influence over the management or policies of a bank
or any entity that is subject to the BHCA and to regulation by the Federal Reserve.

 

(mm)
Money Laundering. The operations of the Company and its Subsidiaries are and have been conducted at all times in compliance
with applicable financial record-keeping and reporting requirements of the Currency and Foreign Transactions Reporting Act of
1970, as amended, applicable money laundering statutes and applicable rules and regulations thereunder (collectively, the “Money
Laundering Laws”), and no action, suit or proceeding by or before any court or governmental agency, authority or body
or any arbitrator involving the Company and any Subsidiary with respect to the Money Laundering Laws is pending or, to the knowledge
of the Company or any Subsidiary, threatened.

 

(rr)
No Disqualification Events. With respect to the Securities to be offered and sold hereunder in reliance on Rule 506 under
the Securities Act, none of the Company, any of its predecessors, any affiliated issuer, any director, executive officer, other
officer of the Company participating in the offering hereunder, any beneficial owner of 20% or more of the Company’s outstanding
voting equity securities, calculated on the basis of voting power, nor any promoter (as that term is defined in Rule 405 under
the Securities Act) connected with the Company in any capacity at the time of sale (each, an “Issuer Covered Person”
and, together, “Issuer Covered Persons”) is subject to any of the “Bad Actor” disqualifications
described in Rule 506(d)(1)(i) to (viii) under the Securities Act (a “Disqualification Event”), except for
a Disqualification Event covered by Rule 506(d)(2) or (d)(3). The Company has exercised reasonable care to determine whether any
Issuer Covered Person is subject to a Disqualification Event. The Company has complied, to the extent applicable, with its disclosure
obligations under Rule 506(e), and has furnished to the Purchasers a copy of any disclosures provided thereunder.

 

    	 

    	 	 	 

    

 

(ss)
Other Covered Persons. The Company is not aware of any person (other than any Issuer Covered Person) that has been or will
be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with the sale of any Securities.

 

(tt)
Notice of Disqualification Events. The Company will notify the Purchasers in writing, prior to the Closing Date of (i)
any Disqualification Event relating to any Issuer Covered Person and (ii) any event that would, with the passage of time, become
a Disqualification Event relating to any Issuer Covered Person.

 

3.2
Representations and Warranties of the Purchasers. Each Purchaser, for itself and for no other Purchaser, hereby represents
and warrants as of the date hereof and as of the Closing Date to the Company as follows (unless as of a specific date therein):

 

(a)
Organization; Authority. Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing
and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership,
limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the
Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction
Documents and performance by such Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized
by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser.
Each Transaction Document to which it is a party has been duly executed by such Purchaser, and when delivered by such Purchaser
in accordance with the terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against
it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency,
reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii)
as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii)
insofar as indemnification and contribution provisions may be limited by applicable law.

 

(b)
Own Account. Such Purchaser understands that the Securities are “restricted securities” and have not been registered
under the Securities Act or any applicable state securities law and is acquiring the Securities as principal for its own account
and not with a view to or for distributing or reselling such Securities or any part thereof in violation of the Securities Act
or any applicable state securities law, has no present intention of distributing any of such Securities in violation of the Securities
Act or any applicable state securities law and has no direct or indirect arrangement or understandings with any other persons
to distribute or regarding the distribution of such Securities in violation of the Securities Act or any applicable state securities
law (this representation and warranty not limiting such Purchaser’s right to sell the Securities pursuant to the Registration
Statement or otherwise in compliance with applicable federal and state securities laws). Such Purchaser is acquiring the Securities
hereunder in the ordinary course of its business.

 

    	 

    	 	 	 

    

 

(c)
Purchaser Status. At the time such Purchaser was offered the Securities, it was, and as of the date hereof it is, an “accredited
investor”.

 

(d)
Experience of Such Purchaser. Such Purchaser, 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 prospective investment
in the Securities, and has so evaluated the merits and risks of such investment. Such Purchaser 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.

 

(e)
General Solicitation. Such Purchaser is not purchasing the Securities as a result of any advertisement, article, notice
or other communication regarding the Securities published in any newspaper, magazine or similar media or broadcast over television
or radio or presented at any seminar or any other general solicitation or general advertisement.

 

The
Company acknowledges and agrees that the representations contained in Section 3.2 shall not modify, amend or affect such Purchaser’s
right to rely on the Company’s representations and warranties contained in this Agreement or any representations and warranties
contained in any other Transaction Document or any other document or instrument executed and/or delivered in connection with this
Agreement or the consummation of the transaction contemplated hereby.

 

ARTICLE
IV.

OTHER
AGREEMENTS OF THE PARTIES

 

4.1
Transfer Restrictions.

 

(a)
The Securities may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of
Securities other than pursuant to an effective registration statement or Rule 144, to the Company or to an Affiliate of a Purchaser
or in connection with a pledge as contemplated in Section 4.1(b), the Company may require the transferor thereof to provide to
the Company an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance
of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration
of such transferred Securities under the Securities Act. As a condition of transfer, any such transferee shall agree in writing
to be bound by the terms of this Agreement and shall have the rights and obligations of a Purchaser under this Agreement.

 

    	 

    	 	 	 

    

 

(b)
The Purchasers agree to the imprinting, so long as is required by this Section 4.1, of a legend on any of the Securities in the
following form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND,
ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT
TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN
ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT,
THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY. THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE
MARGIN ACCOUNT WITH A REGISTERED BROKER-DEALER OR OTHER LOAN WITH A FINANCIAL INSTITUTION THAT IS AN “ACCREDITED INVESTOR”
AS DEFINED IN RULE 501(a) UNDER THE SECURITIES ACT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

The
Company acknowledges and agrees that a Purchaser may from time to time pledge pursuant to a bona fide margin agreement with a
registered broker-dealer or grant a security interest in some or all of the Securities to a financial institution that is an “accredited
investor” as defined in Rule 501(a) under the Securities Act and who agrees to be bound by the provisions of this Agreement,
if required under the terms of such arrangement, such Purchaser may transfer pledged or secured Securities to the pledgees or
secured parties. Such a pledge or transfer would not be subject to approval of the Company and no legal opinion of legal counsel
of the pledgee, secured party or pledgor shall be required in connection therewith. Further, no notice shall be required of such
pledge. At the appropriate Purchaser’s expense, the Company will execute and deliver such reasonable documentation as a
pledgee or secured party of Securities may reasonably request in connection with a pledge or transfer of the Securities.

 

(c)
Certificates evidencing the Common Stock shall not contain any legend (including the legend set forth in Section 4.1(b) hereof):
(i) while a registration statement (including the Registration Statement) covering the resale of such security is effective under
the Securities Act, (ii) following any sale of such Common Stock pursuant to Rule 144, (iii) if such Common Stock is eligible
for sale under Rule 144 or (iv) if such legend is not required under applicable requirements of the Securities Act (including
judicial interpretations and pronouncements issued by the staff of the Commission). The Company shall cause its counsel to issue
a legal opinion to its transfer agent (if the Company has a transfer agent) promptly if required by such transfer agent to effect
the removal of the legend hereunder. The Company agrees that following the Effective Date or at such time as such legend is no
longer required under this Section 4.1(c), it will, no later than three Trading Days following the delivery by a Purchaser to
the Company or its transfer agent (if the Company has a transfer agent) of a certificate representing Common Stock issued with
a restrictive legend (such third Trading Day, the “Legend Removal Date”), deliver or cause to be delivered
to such Purchaser a certificate representing such shares that is free from all restrictive and other legends. The Company may
not make any notation on its records or give instructions to its transfer agent (if the Company has a transfer agent) that enlarge
the restrictions on transfer set forth in this Section 4. Certificates for Common Stock subject to legend removal hereunder shall
be transmitted by its transfer agent (if the Company has a transfer agent) to the Purchaser by crediting the account of the Purchaser’s
prime broker with the Depository Trust Company System as directed by such Purchaser.

 

    	 

    	 	 	 

    

 

(d)
Each Purchaser, severally and not jointly with the other Purchasers, agrees with the Company that such Purchaser will sell any
Securities pursuant to either the registration requirements of the Securities Act, including any applicable prospectus delivery
requirements, or an exemption therefrom, and that if Securities are sold pursuant to a Registration Statement, they will be sold
in compliance with the plan of distribution set forth therein, and acknowledges that the removal of the restrictive legend from
certificates representing Securities as set forth in this Section 4.1 is predicated upon the Company’s reliance upon this
understanding.

 

4.2
Integration. The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any
security (as defined in Section 2 of the Securities Act) that would be integrated with the offer or sale of the Securities in
a manner that would require the registration under the Securities Act of the sale of the Securities.

 

4.3
Piggyback Registration Rights. If, at any time after the Closing Date the Company shall determine to register under the
Securities Act any of its Common Stock for sale to the public for cash in an underwritten offering, and the registration form
to be used would permit inclusion thereto of the Shares and any shares of common stock issued or issuable directly or indirectly
with respect to the Shares held by the Buyers or other holders of the Shares (a “Holder”) by way of stock dividend
or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization
a “Piggyback Registration”), the Company will give prompt written notice to a Holder and will include in such
Piggyback Registration, subject to the allocation provisions below, with respect to which the Company has received from a Holder
a written request for inclusion within within 15 Business Days after the Company’s sending of such notice (together, for
purposes of this Section 8, the “Registrable Securities”); provided however, that the Company
shall not be required to effect any registration of Registrable Securities if (i) the registration is the Company’s underwritten
offering, (ii) registration is effected by the Company on behalf of a shareholder exercising registration rights that pursuant
to the terms thereof prohibit the shareholder’s shares from being included in such registration (a “Limited Demand
Registration”), (iii) the Registrable Securities was previously included in a Registration Statement, whether an underwritten
offering or otherwise, (iv) the registration statement is filed or effected on Form S-4 or Form S-8, each as promulgated under
the 1933 Act, or their then equivalents, (v) such time as the Registrable Securities become eligible for resale by non-affiliates
pursuant to Rule 144(bb) under the Securities Act or any other rule of similar effect, or (vi) the Registrable Securities or their
then equivalents relate to equity securities to be issued solely in connection with any acquisition of any entity or business
or equity securities issuable in connection with a stock option or other employee benefit plans.

 

4.4
Use of Proceeds. Except as set forth on Schedule 4.9 attached hereto, the Company shall use the net proceeds from
the sale of the Securities hereunder for working capital purposes and shall not use such proceed: (a) for the satisfaction of
any portion of the Company’s debt (other than payment of trade payables in the ordinary course of the Company’s business
and prior practices), (b) for the redemption of any Common Stock or Common Stock Equivalents, (c) for the settlement of any outstanding
litigation or (d) in violation of FCPA or OFAC regulations.

 

    	 

    	 	 	 

    

 

4.5
Equal Treatment of Purchasers. No consideration (including any modification of any Transaction Document) shall be offered
or paid to any Person to amend or consent to a waiver or modification of any provision of this Agreement unless the same consideration
is also offered to all of the parties to this Agreement. For clarification purposes, this provision constitutes a separate right
granted to each Purchaser by the Company and negotiated separately by each Purchaser, and is intended for the Company to treat
the Purchasers as a class and shall not in any way be construed as the Purchasers acting in concert or as a group with respect
to the purchase, disposition or voting of Securities or otherwise.

 

4.6
Form D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Securities as required under Regulation
D and to provide a copy thereof, promptly upon request of any Purchaser. The Company shall take such action as the Company shall
reasonably determine is necessary in order to obtain an exemption for, or to qualify the Securities for, sale to the Purchasers
at the Closing under applicable securities or “Blue Sky” laws of the states of the United States, and shall provide
evidence of such actions promptly upon request of any Purchaser.

 

ARTICLE
V.

MISCELLANEOUS

 

5.1
Termination. This Agreement may be terminated by any Purchaser, as to such Purchaser’s obligations hereunder only
and without any effect whatsoever on the obligations between the Company and the other Purchasers, by written notice to the Company,
if the Closing has not been consummated on or before _______, 2014; provided, however, that such termination will
not affect the right of any party to sue for any breach by any other party (or parties).

 

5.2
Fees and Expenses. The Company shall deliver to each Purchaser, prior to the Closing, a completed and executed copy of
the Closing Statement, attached hereto as Annex A. Except as expressly set forth in the Transaction Documents to
the contrary, each party shall pay the fees and expenses of its advisers, counsel, accountants and other experts, if any, and
all other expenses incurred by such party incident to the negotiation, preparation, execution, delivery and performance of this
Agreement. The Company shall pay any fees, stamp taxes and other taxes and duties levied in connection with the delivery of any
Securities to the Purchasers.

 

5.3
Entire Agreement. The Transaction Documents, together with the exhibits and schedules thereto, contain the entire understanding
of the parties with respect to the subject matter hereof and thereof and supersede all prior agreements and understandings, oral
or written, with respect to such matters, which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

    	 

    	 	 	 

    

 

5.4
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall
be in writing and shall be deemed given and effective on the earliest of: (a) the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto at or prior to 5:30 p.m. (Palm
Beach County, Florida time) on a Trading Day, (b) the next Trading Day after the date of transmission, if such notice or communication
is delivered via facsimile at the facsimile number set forth on the signature pages attached hereto on a day that is not a Trading
Day or later than 5:30 p.m. (Palm Beach County, Florida time) on any Trading Day, (c) the second (2nd) Trading Day following the
date of mailing, if sent by U.S. nationally recognized overnight courier service or (d) upon actual receipt by the party to whom
such notice is required to be given. The address for such notices and communications shall be as set forth on the signature pages
attached hereto.

 

5.5
Amendments; Waivers. No provision of this Agreement may be waived, modified, supplemented or amended except in a written
instrument signed by the Parties or, in the case of a waiver, by the Party against whom enforcement of any such waived provision
is sought. No waiver of any default with respect to any provision, condition or requirement of this Agreement shall be deemed
to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision, condition or
requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise
of any such right.

 

5.6
Headings. The headings herein are for convenience only, do not constitute a part of this Agreement and shall not be deemed
to limit or affect any of the provisions hereof.

 

5.7
Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and permitted assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written
consent of each Purchaser (other than by merger). Any Purchaser may assign any or all of its rights under this Agreement to any
Person to whom such Purchaser assigns or transfers any Securities, provided that such transferee agrees in writing to be bound,
with respect to the transferred Securities, by the provisions of the Transaction Documents that apply to the “Purchasers.”

 

5.8
No Third-Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective successors
and permitted assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person, except as
otherwise set forth in Section 4.10.

 

5.9
Governing Law. All questions concerning the construction, validity, enforcement and interpretation of the Transaction Documents
shall be governed by and construed and enforced in accordance with the internal laws of the State of Florida, without regard to
the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement
and defense of the transactions contemplated by this Agreement and any other Transaction Documents (whether brought against a
party hereto or its respective affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be
commenced exclusively in the state and federal courts sitting in Palm Beach County, Florida. Each party hereby irrevocably submits
to the exclusive jurisdiction of the state and federal courts sitting in Palm Beach County, Florida for the adjudication of any
dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein (including with respect
to the enforcement of any of the Transaction Documents), and hereby irrevocably waives, and agrees not to assert in any suit,
action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action
or proceeding is improper or is an inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service
of process and consents to process being served in any such suit, action or proceeding 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. If either
party shall commence an action, suit or proceeding to enforce any provisions of the Transaction Documents, then, the prevailing
party in such action, suit or proceeding shall be reimbursed by the other party for its reasonable attorneys’ fees and other
costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

 

    	 

    	 	 	 

    

 

5.10
Survival. The representations and warranties contained herein shall survive the Closing and the delivery of the Securities.

 

5.11
Execution. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to each other
party, it being understood that the parties need not sign the same counterpart. In the event that any signature is delivered by
facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and
binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if
such facsimile or “.pdf” signature page were an original thereof.

 

5.12
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

5.13
Rescission and Withdrawal Right. Notwithstanding anything to the contrary contained in (and without limiting any similar
provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under
a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then
such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant
notice, demand or election in whole or in part without prejudice to its future actions and rights.

 

5.14
Replacement of Securities. If any certificate or instrument evidencing any Securities is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof (in the case of mutilation),
or in lieu of and substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory
to the Company of such loss, theft or destruction. The applicant for a new certificate or instrument under such circumstances
shall also pay any reasonable third-party costs (including customary indemnity) associated with the issuance of such replacement
Securities.

 

    	 

    	 	 	 

    

 

5.15
Remedies. In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of
damages, each of the Purchasers and the Company will be entitled to specific performance under the Transaction Documents. The
parties agree that monetary damages may not be adequate compensation for any loss incurred by reason of any breach of obligations
contained in the Transaction Documents and hereby agree to waive and not to assert in any action for specific performance of any
such obligation the defense that a remedy at law would be adequate.

 

5.16
Payment Set Aside. To the extent that the Company makes a payment or payments to any Purchaser pursuant to any Transaction
Document or a Purchaser enforces or exercises its rights thereunder, and such payment or payments or the proceeds of such enforcement
or exercise or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside, recovered
from, disgorged by or are required to be refunded, repaid or otherwise restored to the Company, a trustee, receiver or any other
Person under any law (including, without limitation, any bankruptcy law, state or federal law, common law or equitable cause of
action), then to the extent of any such restoration the obligation or part thereof originally intended to be satisfied shall be
revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred.

 

5.17
Usury. To the extent it may lawfully do so, the Company hereby agrees not to insist upon or plead or in any manner whatsoever
claim, and will resist any and all efforts to be compelled to take the benefit or advantage of, usury laws wherever enacted, now
or at any time hereafter in force, in connection with any claim, action or proceeding that may be brought by any Purchaser in
order to enforce any right or remedy under any Transaction Document. Notwithstanding any provision to the contrary contained in
any Transaction Document, it is expressly agreed and provided that the total liability of the Company under the Transaction Documents
for payments in the nature of interest shall not exceed the maximum lawful rate authorized under applicable law (the “Maximum
Rate”), and, without limiting the foregoing, in no event shall any rate of interest or default interest, or both of
them, when aggregated with any other sums in the nature of interest that the Company may be obligated to pay under the Transaction
Documents exceed such Maximum Rate. It is agreed that if the maximum contract rate of interest allowed by law and applicable to
the Transaction Documents is increased or decreased by statute or any official governmental action subsequent to the date hereof,
the new maximum contract rate of interest allowed by law will be the Maximum Rate applicable to the Transaction Documents from
the effective date thereof forward, unless such application is precluded by applicable law. If under any circumstances whatsoever,
interest in excess of the Maximum Rate is paid by the Company to any Purchaser with respect to indebtedness evidenced by the Transaction
Documents, such excess shall be applied by such Purchaser to the unpaid principal balance of any such indebtedness or be refunded
to the Company, the manner of handling such excess to be at such Purchaser’s election.

 

    	 

    	 	 	 

    

 

5.18
Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any Transaction
Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way
for the performance or non-performance of the obligations of any other Purchaser under any Transaction Document. Nothing contained
herein or in any other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be deemed
to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption
that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated
by the Transaction Documents. Each Purchaser shall be entitled to independently protect and enforce its rights, including, the
rights arising out of this Agreement or out of the other Transaction Documents, and it shall not be necessary for any other Purchaser
to be joined as an additional party in any proceeding for such purpose. Each Purchaser has been represented by its own separate
legal counsel in its review and negotiation of the Transaction Documents. The Company has elected to provide all Purchasers with
the same terms and Transaction Documents for the convenience of the Company and not because it was required or requested to do
so by any of the Purchasers.

 

5.19
Saturdays, Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right
required or granted herein shall not be a Business Day, then such action may be taken or such right may be exercised on the next
succeeding Business Day.

 

5.20
Construction. The parties agree that each of them and/or their respective counsel have reviewed and had an opportunity
to revise the Transaction Documents and, therefore, the normal rule of construction to the effect that any ambiguities are to
be resolved against the drafting party shall not be employed in the interpretation of the Transaction Documents or any amendments
thereto. In addition, each and every reference to share prices and shares of Common Stock in any Transaction Document shall be
subject to adjustment for reverse and forward stock splits, stock dividends, stock combinations and other similar transactions
of the Common Stock that occur after the date of this Agreement.

 

5.21
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. 

 

(Signature
Pages Follow)

 

    	 

    	 	 	 

    

 

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

 

	[LIFELOGGER TECHNOLOGIES CORP.],	 	Address
for Notice:

	a Nevada corporation

	 	 
	 	 	 	 
	By:	/s/
    Stewart Garner 	 	Fax:
	Name:	STEWARD GARNER	 	 
	Title:	PRESIDENT	 	 
	With a copy to (which shall not constitute notice):	 	 

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK

SIGNATURE
PAGE FOR PURCHASER FOLLOWS]

 

    	 

    	 	 	 

    

 

[PURCHASER
SIGNATURE PAGES TO LIFELOGGER TECHNOLOGIES CORP.’S SECURITIES PURCHASE AGREEMENT]

 

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

 

Name of
Purchaser:  GLAMIS CAPITAL SA 

 

Signature
of Authorized Signatory of Purchaser: /s/ Anthony Killarney 

 

Name of
Authorized Signatory: Anthony Killarney 

 

Title of
Authorized Signatory: Director 

 

Email Address
of Authorized Signatory:                     

 

Facsimile
Number of Authorized Signatory:                     

 

	Address
    for Notice to Purchaser:	Trust
    Company Complex
	 	Ajeltake Road,
    Ajeltake Island,
	 	Majuro, MH 96960,
	 	Marshall Islands

 

	Address
    for Delivery of Securities to Purchaser (if not same as address for notice):
	 	c/o
    Blacklight SA
	 	Chemin des Papillons,
    4
	 	Cointrin, CH 1216
	 	Switzerland

 

Subscription
Amount: $250,000.00 

 

Shares of
Common Stock: 416,666

 

Warrant
Shares: N/A 

 

EIN Number:
N/A 

 

[SIGNATURE
PAGES CONTINUE]

 

    	 

    	 	 	 

    

 

Annex
A 

 

CLOSING
STATEMENT

 

Pursuant
to the attached Securities Purchase Agreement, dated as of the date hereto, the purchaser shall purchase $250,000 of Common Stock
from Lifelogger Technologies Corp., a Nevada corporation (the “Company”). All funds will be wired into an account
maintained by the Company. All funds will be disbursed in accordance with this Closing Statement.

 

Disbursement
Date: ______ ___, 2014

 

	I.
    PURCHASE PRICE	 
	 	 
	 	Gross
    Proceeds to be Received	$250,000.00
	 	 
	II.
    DISBURSEMENTS	 
	 	 	$
	 	 	$
	 	 	$
	 	 	$
	 	 	$
	 	 
	Total
    Amount Disbursed:	$
	 	 
	WIRE
    INSTRUCTIONS:	 
	 	 
	To:
                                         _____________________________________

         

         

         

         
	 
	To:
                                         _____________________________________SECURITIES
PURCHASE AGREEMENT

 

THIS
SECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of July ___, 2014, entered into by and among PULSE
EVOLUTION CORPORATION, a Nevada corporation (the “Company”), and the Buyer(s) set forth on the signature pages
affixed hereto (individually, a “Buyer” or collectively the “Buyers”).

 

WITNESSETH:

 

WHEREAS,
the Company and the Buyer(s) are executing and delivering this Agreement in reliance upon an exemption from securities registration
pursuant to Section 4(a)(2) and/or Rule 506 of Regulation D (“Regulation D”) and/or Regulation S (“Regulation
S”) as promulgated by the U.S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933,
as amended (the “Securities Act”); and

 

WHEREAS,
the parties desire that, upon the terms and subject to the conditions contained herein, the Company shall sell to the Buyers,
as provided herein, and the Buyers shall purchase the number of shares of the Company’s restricted common stock (the “Shares”
or the “Securities”) as set forth on Annex A at a purchase price of $0.40 per share (the “Purchase Price”)
(the “Subscription Amount”);

 

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

 

1. PURCHASE
AND SALE OF COMMON STOCK.

 

(a) Purchase
of Shares. Subject to the satisfaction (or waiver) of the terms and conditions of this Agreement, each Buyer agrees, severally
and not jointly, to purchase at Closing (as defined below), and the Company agrees to sell and issue to each Buyer, severally
and not jointly, at Closing, the Shares as set forth on the Buyer Signature Page, attached hereto as Annex A, for each
Buyer affixed hereto. Upon Buyer’s execution of this Agreement on the Buyer Signature Page and Buyer’s completion
of the Accredited Investor Certification, the Investor Profile, the Anti-Money Laundering Information Form, in the form attached
as Annex A to this Agreement, and any other documents, agreements, supplements and additions thereto required by the Company (collectively,
the “Subscription Documents”) to be completed by the Buyer, the Buyer shall wire transfer the Subscription Amount
set forth on its Buyer Signature Page, in same-day funds, in accordance with the instructions to be provided by Buyer to the Company
at Closing.

 

(b) Closing
Date. The closing of the purchase and sale of the Shares (the “Closing”) shall take place as soon as practicable
following the satisfaction of the conditions to the Closing set forth herein (or such later date as is mutually agreed to by the
Company and the Buyer(s)) (the date of any such Closing is hereinafter referred to as a “Closing Date”). The Closing
shall occur on a Closing Date at the law offices of Eavenson, Fraser, Lunsford & Evans, PL, 2000 PGA Boulevard, Suite 3200,
Palm Beach Gardens, FL 33408 (or such other place as is mutually agreed to by the Company and the Buyer(s)).

 

2.
Acceptance of Subscriptions. The Buyer understands and agrees that the Company, in its sole and absolute discretion, reserves
the right to accept or reject this or any other subscription for the Shares, in whole or in part, notwithstanding prior receipt
by the Buyer of notice of acceptance of this subscription. If the subscription is rejected in whole or the offering of the Shares
is terminated, all funds received by the Company from the Buyer will be immediately returned without interest or offset, and this
subscription shall thereafter be of no further force or effect.

 

3. BUYER’S
REPRESENTATIONS AND WARRANTIES.

 

Buyer
represents and warrants, severally and not jointly, as to such Buyer, that:

 

(a) Investment
Purpose. Buyer is acquiring the Shares for its own account for investment only and not with a view towards, or for resale
in connection with, the public sale or distribution thereof, except pursuant to sales registered or exempted under the Securities
Act; provided, however, that by making the representations herein, such Buyer reserves the right to dispose of the Securities
at any time in accordance with or pursuant to an effective registration statement covering such Securities, or an available exemption
under the Securities Act. The Buyer agrees not to sell, hypothecate or otherwise transfer the Securities unless such Securities
are registered under the federal and applicable state securities laws or unless, in the opinion of counsel satisfactory to the
Company, an exemption from such law is available.

 

(b) Residence
of Buyer. Buyer resides in the jurisdiction set forth on the Buyer Signature Page affixed hereto.

 

    	 

    	 

    

 

(c) Non-U.S.
Person. If a Buyer is not a person in the United States or a U.S. Person (as defined in Rule 902(k) of Regulation S) or is
not purchasing the Shares on behalf of a person in the United States or a U.S. Person:

 

(i) neither
the Buyer nor any disclosed principal is a U.S. Person nor are they subscribing for the Shares for the account of a U.S. Person
or for resale in the United States and the Buyer confirms that the Shares have not been offered to the Buyer in the United States
and that this Agreement has not been signed in the United States;

 

(ii) The
Buyer (i) as of the execution date of this Agreement is not located within the United States, and (ii) is not purchasing the Shares
for the account or benefit of any U.S. person except in accordance with one or more available exemptions from the registration
requirements of the Securities Act or in a transaction not subject thereto;

 

(iii) the
Buyer acknowledges that the Shares have not been registered under the Securities Act and may not be offered or sold in the United
States or to a U.S. Person unless the securities are registered under the Securities Act and all applicable state securities laws
or an exemption from such registration requirements is available, and further agrees that hedging transactions involving such
securities may not be conducted unless in compliance with the Securities Act;

 

(iv) the
Buyer and if applicable, the disclosed principal for whom the Buyer is acting, understands that the Company is the seller of the
Shares and underlying securities and that, for purposes of Regulation S, a “distributor” is any underwriter, dealer
or other person who participates pursuant to a contractual arrangement in the distribution of securities sold in reliance on Regulation
S and that an “affiliate” is any partner, officer, director or any person directly or indirectly controlling, controlled
by or under common control with any person in question. Except as otherwise permitted by Regulation S, the Buyer and if applicable,
the disclosed principal for whom the Buyer is acting, agrees that it will not, during a one year distribution compliance period,
act as a distributor, either directly or through any affiliate, or sell, transfer, hypothecate or otherwise convey the Shares
or underlying securities other than to a non-U.S. Person;

 

(v) the
Buyer and if applicable, the disclosed principal for whom the Buyer is acting, acknowledges and understands that in the event
the Shares are offered, sold or otherwise transferred by the Buyer or if applicable, the disclosed principal for whom the Buyer
is acting, to a non-U.S Person prior to the expiration of a one year distribution compliance period, the purchaser or transferee
must agree not to resell such securities except in accordance with the provisions of Regulation S, pursuant to registration under
the Securities Act, or pursuant to an available exemption from registration; and must further agree not to engage in hedging transactions
with regard to such securities unless in compliance with the Securities Act; and

 

(vi) neither
the Buyer nor any disclosed principal will offer, sell or otherwise dispose of the Shares or the underlying securities in the
United States or to a U.S. Person unless (A) the Company has consented to such offer, sale or disposition and such offer, sale
or disposition is made in accordance with an exemption from the registration requirements under the Securities Act and the securities
laws of all applicable states of the United States or (B) the SEC has declared effective a registration statement in respect of
such securities.

 

(d) Accredited
Investor Status. The Buyer meets the requirements of at least one of the suitability standards for an “Accredited
Investor” as that term is defined in Rule 501(a)(3) of Regulation D, and as set forth on the Accredited Investor Certification
attached hereto.

 

(e)
Accredited Investor Qualifications. The Buyer (i) if a natural person, represents that the Buyer has reached the age of
21 and has full power and authority to execute and deliver this Agreement and all other related agreements or certificates and
to carry out the provisions hereof and thereof; (ii) if a corporation, partnership, or limited liability company or partnership,
or association, joint stock company, trust, unincorporated organization or other entity, represents that such entity was not formed
for the specific purpose of acquiring the Shares, such entity is duly organized, validly existing and in good standing under the
laws of the state of its organization, the consummation of the transactions contemplated hereby is authorized by, and will not
result in a violation of state law or its charter or other organizational documents, such entity has full power and authority
to execute and deliver this Agreement and all other related agreements or certificates and to carry out the provisions hereof
and thereof and to purchase and hold the Shares, the execution and delivery of this Agreement has been duly authorized by all
necessary action, this Agreement has been duly executed and delivered on behalf of such entity and is a legal, valid and binding
obligation of such entity; or (iii) if executing this Agreement in a representative or fiduciary capacity, represents that it
has full power and authority to execute and deliver this Agreement in such capacity and on behalf of the subscribing individual,
ward, partnership, trust, estate, corporation, or limited liability company or partnership, or other entity for whom the Buyer
is executing this Agreement, and such individual, partnership, ward, trust, estate, corporation, or limited liability company
or partnership, or other entity has full right and power to perform pursuant to this Agreement and make an investment in the Company,
and represents that this Agreement constitutes a legal, valid and binding obligation of such entity. The execution and delivery
of this Agreement will not violate or be in conflict with any order, judgment, injunction, agreement or controlling document to
which the Buyer is a party or by which it is bound.

 

    	2

    	 

    

 

(f) Solicitation.
The Buyer is unaware of, is in no way relying on, and did not become aware of the offering of the Shares 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, in connection
with the offering and sale of the Shares and is not subscribing for the Shares and did not become aware of the offering of the
Shares through or as a result of any seminar or meeting to which the Buyer was invited by, or any solicitation of a subscription
by, a person not previously known to the Buyer in connection with investments in securities generally.

 

(g) Brokerage
Fees. The Buyer 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 transaction contemplated hereby (other than commissions to be paid by the Company
to the Brokers).

 

(h) Buyer’s
Advisors. The Buyer and the Buyer’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”), as the case may be, has such knowledge and experience in financial, tax, and business matters, and,
in particular, investments in securities, so as to enable it to utilize the information made available to it in connection with
the Shares to evaluate the merits and risks of an investment in the Shares and the Company and to make an informed investment
decision with respect thereto.

 

(i) Buyer
Liquidity. Buyer has adequate means of providing for such Buyer’s current financial needs and foreseeable contingencies
and has no need for liquidity of its investment in the Shares for an indefinite period of time, and after purchasing the Shares
the Buyer will be able to provide for any foreseeable current needs and possible personal contingencies. The Buyer must bear and
acknowledges the substantial economic risks of the investment in the Shares including the risk of illiquidity and the risk of
a complete loss of this investment.

 

(j) High
Risk Investment. The Buyer is aware that an investment in the Shares involves a number of very significant risks and has carefully
researched and reviewed and understands the risks of, and other considerations relating to the purchase of the Shares.

 

(k) Reliance
on Exemptions. Buyer understands that the Shares are being offered and sold to it in reliance on specific exemptions from
the registration requirements of United States federal and state securities laws and that the Company is relying in part upon
the truth and accuracy of, and such Buyer’s compliance with, the representations, warranties, agreements, acknowledgments
and understandings of such Buyer set forth herein in order to determine the availability of such exemptions and the eligibility
of such Buyer to acquire such securities.

 

(l)
Information. Buyer and its Advisors have been furnished with all documents and materials relating to the business, finances
and operations of the Company and its subsidiaries and information that Buyer requested and deemed material to making an informed
investment decision regarding its purchase of the Shares. Buyer and its Advisors have reviewed all filings made by the Company
with the SEC, including all filings made publicly available through the SEC’s web portal https://www.sec.gov/edgar.
Buyer and its Advisors have been afforded the opportunity to review such documents and materials and the information contained
therein. Buyer and its Advisors have been afforded the opportunity to ask questions of the Company and its management. Buyer understands
that such discussions, as well as any written information provided by the Company, were intended to describe the aspects of the
Company’s and its subsidiaries’ business and prospects which the Company believes to be material, but were not necessarily
a thorough or exhaustive description, and except as expressly set forth in this Agreement, the Company makes no representation
or warranty with respect to the completeness of such information and makes no representation or warranty of any kind with respect
to any information provided by any entity other than the Company. Some of such information may include projections as to the future
performance of the Company and its subsidiaries, which projections may not be realized, may be based on assumptions which may
not be correct and may be subject to numerous factors beyond the Company’s and its subsidiaries’ control. Additionally,
Buyer understands and represents that he is purchasing the Shares notwithstanding the fact that the Company and its subsidiaries,
if any, may disclose in the future certain material information Buyer has not received, including the financial results of the
Company and its subsidiaries for their current fiscal quarters. Neither such inquiries nor any other due diligence investigations
conducted by such Buyer or its Advisors shall modify, amend or affect such Buyer’s right to rely on the Company’s
representations and warranties contained in Section 3 below. Buyer has sought such accounting, legal and tax advice as it has
considered necessary to make an informed investment decision with respect to its investment in the Shares.

 

(m) No
Other Representations or Information. In evaluating the suitability of an investment in the Shares, the Buyer has not relied
upon any representation or information (oral or written) with respect to the Company or its subsidiaries, or otherwise, other
than as stated in this Agreement. No oral or written representations have been made, or oral or written information furnished,
to the Buyer or its Advisors, if any, in connection with the offering of the Shares.

 

(n) No
Governmental Review. Buyer understands that no United States federal or state agency or any other government or governmental
agency has passed on or will pass on, or has made or will make, any recommendation or endorsement of the Shares, or the fairness
or suitability of the investment in the Shares, nor have such authorities passed upon or endorsed the merits of the offering of
the Shares.

 

    	3

    	 

    

 

(o) Transfer
or Resale. Buyer understands that: (i) the Shares 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,
or (B) such Buyer shall have delivered to the Company an opinion of counsel, in a generally acceptable form, 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
requirements; (ii) any sale of such securities made in reliance on Rule 144 under the Securities Act (or a successor rule thereto)
(“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 such 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 thereunder; and (iii), except as otherwise provided herein, neither the
Company nor any other person is under any obligation to register such securities under the Securities Act or any state securities
laws or to comply with the terms and conditions of any exemption thereunder. There can be no assurance that there will be any
market or resale for the Shares, nor can there be any assurance that the Shares will be freely transferable at any time in the
foreseeable future.

 

(p) Legends.
Buyer understands that the certificates or other instruments representing the Shares shall bear a restrictive legend in substantially
the following form (and a stop transfer order may be placed against transfer of such stock certificates):

 

For
U.S. Persons:

 

THE
SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”). THESE SECURITIES MAY BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (A) TO THE COMPANY, (B) OUTSIDE THE
UNITED STATES IN COMPLIANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (C) IN COMPLIANCE WITH RULE 144 OR 144A THEREUNDER,
IF AVAILABLE, AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS, (D) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT, OR
(E) IN A TRANSACTION THAT DOES NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT OR ANY APPLICABLE STATE SECURITIES LAWS, AND
THE HOLDER HAS, PRIOR TO SUCH SALE, FURNISHED TO THE COMPANY AN OPINION OF COUNSEL OR OTHER EVIDENCE OF EXEMPTION, IN EITHER CASE
REASONABLY SATISFACTORY TO THE COMPANY. HEDGING TRANSACTIONS INVOLVING THESE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE SECURITIES ACT.

 

For
Non-U.S. Persons:

 

THESE
SECURITIES REPRESENTED HEREBY WERE ISSUED IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION
S) PURSUANT TO REGULATION S PROMULGATED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).
ACCORDINGLY, NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS,
AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD IN THE UNITED STATES OR, DIRECTLY OR INDIRECTLY, TO U.S. PERSONS EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR PURSUANT TO AN EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE 1933 ACT, AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE 1933 ACT.

 

For
all Persons:

 

AS
PROVIDED FOR IN THE COMPANY’S AMENDED AND RESTATED ARTICLES OF INCORPORATION FILED WITH THE NEVADA SECRETARY OF STATE ON
MAY 22, 2014, ONLY HOLDERS OF SECURITIES THAT CERTIFY TO THE COMPANY ON A QUARTERLY BASIS THAT THE SECURITIES HAVE NOT BEEN USED
IN CONNECTION WITH STOCK LOAN TRANSACTIONS SHALL BE ENTITLED TO VOTING RIGHTS OR DIVIDENDS DURING THAT SAME QUARTERLY PERIOD.

 

    	4

    	 

    

 

(q) Organization
and Standing of Buyer. If such Buyer is an entity, it is a corporation, partnership or other entity duly incorporated or organized,
validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization.

 

(r) Authorization,
Enforcement. Such Buyer has the requisite power and authority to enter into and perform this Agreement, the other Subscription
Documents, the Transactions and to purchase the Shares being sold to it hereunder. The execution, delivery and performance of
this Agreement and the other Subscription Documents by such Buyer and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate or partnership action, and no further consent or authorization
of such Buyer or its Board of Directors, stockholders, partners, members, as the case may be, is required. This Agreement and
the other Subscription Documents have been duly authorized, executed and delivered by such Buyer and upon execution of this Agreement
and the Subscription Documents by the other parties hereto and thereto, constitute, or shall constitute when executed and delivered,
a valid and binding obligation of such Buyer enforceable against such Buyer in accordance with the terms hereof and thereof, except
as such enforceability may be limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium,
liquidation and other similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights
and remedies.

 

(s) No
Conflicts.  The execution, delivery and performance of this Agreement and the other Subscription Documents and the consummation
by such Buyer of the transactions contemplated hereby and thereby or relating hereto do not and will not (i) if the Buyer is not
an individual, result in a violation of such Buyer’s charter documents or bylaws or other organizational documents or (ii)
conflict with, or constitute a default (or an event which with notice or lapse of time or both would become a default) under,
or give to others any rights of termination, amendment, acceleration or cancellation of any agreement, indenture or instrument
or obligation to which such Buyer is a party or by which its properties or assets are bound, or result in a violation of any law,
rule, or regulation, or any order, judgment or decree of any court or governmental agency applicable to such Buyer or its properties
(except for such conflicts, defaults and violations as would not, individually or in the aggregate, have a material adverse effect
on such Buyer). Such Buyer is not required to obtain any consent, authorization or order of, or make any filing or registration
with, any court or governmental agency in order for it to execute, deliver or perform any of its obligations under this Agreement
and the other Subscription Documents or to purchase the Shares in accordance with the terms hereof, provided that for purposes
of the representation made in this sentence, such Buyer is assuming and relying upon the accuracy of the relevant representations
and agreements of the Company herein.

 

(t) For
ERISA plan Buyers only. The fiduciary of the ERISA 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 Buyer fiduciary or Plan (a) is responsible for the decision to invest
in the Company; (b) is independent of the Company or any of its affiliates; (c) is qualified to make such investment decision;
and (d) in making such decision, the Buyer fiduciary or Plan has not relied primarily on any advice or recommendation of the Company
or any of its affiliates;

 

(u) Anti-Money
Laundering; OFAC. 

 

(i)
The Buyer should check the Office of Foreign Assets Control (“OFAC”) website at http://www.treas.gov/ofac before
making the following representations. The Buyer represents that the amounts invested by it in the Company in the Shares were not
and are not directly or indirectly derived from activities that contravene U.S. federal or state or international laws and regulations,
including anti-money laundering laws and regulations. U.S. federal regulations and Executive Orders administered by OFAC prohibit,
among other things, the engagement in transactions with, and the provision of services to, certain foreign countries, territories,
entities and individuals. The lists of OFAC prohibited countries, territories, persons and entities can be found on the OFAC website
at http://www.treas.gov/ofac. In addition, the programs administered by OFAC (the “OFAC Programs”) prohibit
dealing with individuals1 or entities in certain countries regardless of whether such individuals or entities appear
on the OFAC lists;

 

(ii) To
the best of the Buyer’s knowledge, none of: (1) the Buyer; (2) any person controlling or controlled by the Buyer; (3) if
the Buyer is a privately-held entity, any person having a beneficial interest in the Buyer; or (4) any person for whom the Buyer
is acting as agent or nominee in connection with this investment is a country, territory, individual or entity named on an OFAC
list, or a person or entity prohibited under the OFAC Programs. Please be advised that the Company may not accept any amounts
from a prospective investor if such prospective investor cannot make the representation set forth in the preceding paragraph.
The Buyer agrees to promptly notify the Company should the Buyer become aware of any change in the information set forth in these
representations. The Buyer understands and acknowledges that, by law, the Company may be obligated to “freeze the account”
of the Buyer, either by prohibiting additional subscriptions from the Buyer, declining any redemption requests and/or segregating
the assets in the account in compliance with governmental regulations, and a Broker may also be required to report such action
and to disclose the Buyer’s identity to OFAC. The Buyer further acknowledges that the Company may, by written notice to
the Buyer, suspend the redemption rights, if any, of the Buyer if the Company reasonably deems it necessary to do so to comply
with anti-money laundering regulations applicable to the Company or any Broker or any of the Company’s other service providers.
These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject
to OFAC sanctions and embargo programs;

 

 

 

1
These individuals include specially designated nationals, specially designated narcotics traffickers and other parties subject
to OFAC sanctions and embargo programs.

 

    	5

    	 

    

 

(iii) To
the best of the Buyer’s knowledge, none of: (1) the Buyer; (2) any person controlling or controlled by the Buyer; (3) if
the Buyer is a privately-held entity, any person having a beneficial interest in the Buyer; or (4) any person for whom the Buyer
is acting as agent or nominee in connection with this investment is a senior foreign political figure[2], or
any immediate family[3] member or close associate[4] of a senior foreign political figure, as
such terms are defined in the footnotes below; and

 

(iv) If
the Buyer is affiliated with a non-U.S. banking institution (a “Foreign Bank”), or if the Buyer receives deposits
from, makes payments on behalf of, or handles other financial transactions related to a Foreign Bank, the Buyer represents and
warrants to the Company that: (1) the Foreign Bank has a fixed address, other than solely an electronic address, in a country
in which the Foreign Bank is authorized to conduct banking activities; (2) the Foreign Bank maintains operating records related
to its banking activities; (3) the Foreign Bank is subject to inspection by the banking authority that licensed the Foreign Bank
to conduct banking activities; and (4) the Foreign Bank does not provide banking services to any other Foreign Bank that does
not have a physical presence in any country and that is not a regulated affiliate.

 

4. REPRESENTATIONS
AND WARRANTIES OF THE COMPANY.

 

The
Company represents and warrants to each of the Buyers that:

 

(a) Organization
and Qualification. The Company and each of its subsidiaries, if any, is a corporation or other business entity duly organized
and validly existing in good standing under the laws of the jurisdiction of its formation, and has the requisite corporate power
to own its properties and to carry on its business as now being conducted. The Company and each of its subsidiaries is duly qualified
as a foreign corporation to do business and is in good standing in every jurisdiction in which the nature of the business conducted
by it makes such qualification necessary, except to the extent that the failure to be so qualified or be in good standing would
not have a Material Adverse Effect, as defined below. Each subsidiary of the Company is identified on Schedule 3(a) attached
hereto.

 

(b) Authorization,
Enforcement, Compliance with Other Instruments. (i) The Company and each of its subsidiaries that is party to this Agreement,
has the requisite corporate power and authority to enter into and perform, as the case may be, under this Agreement, and all other
agreements and documents that are exhibits hereto and thereto or are contemplated hereby or thereby or necessary or desirable
to effect the transactions contemplated hereby and thereby to which it is a party and to issue the Shares in accordance with the
terms hereof and thereof, (ii) the execution and delivery of this Agreement, by the Company and each such subsidiary and the consummation
by it of the transactions contemplated hereby and thereby, including, without limitation, the issuance of the Shares have been
duly authorized by the Company’s or such subsidiary’s Board of Directors, and no further consent or authorization
is required by the Company or such subsidiary, their respective Board of Directors or their respective stockholders, (iii) this
Agreement, will be duly executed and delivered by the Company and each of its subsidiaries that is party thereto, (iv) this Agreement,
when executed will constitute the valid and binding obligations of the Company and each of its subsidiaries that is party thereto
enforceable against the Company and each such subsidiary in accordance with their terms, except as such enforceability may be
limited by general principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar
laws relating to, or affecting generally, the enforcement of creditors’ rights and remedies.

 

(c) Capitalization.
The authorized capital of the Company consists of a total of 300,000,000 shares of common stock, $0.0001 par value per share and
100,000,000 shares of undesignated preferred stock, of which (i) ___________shares of Common Stock are issued and outstanding,
and (ii) zero (0) shares of preferred stock are issued or outstanding, and All of the outstanding shares of Common Stock have
been duly authorized, validly issued and are fully paid and nonassessable. No shares of capital stock of the Company or any of
its subsidiaries are subject to preemptive rights or any other similar rights or any liens or encumbrances suffered or permitted
by the Company, except as disclosed in the Articles of Incorporation of the Company, as amended and effective on the date hereof.
As of the date of this Agreement, except as set forth on Schedule 3(c), (i) there are no outstanding options, warrants,
scrip, rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities or rights convertible
into, any Shares of the Company or any of its subsidiaries, or contracts, commitments, understandings or arrangements by which
the Company or any of its subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any
of its subsidiaries or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its subsidiaries, (ii) there
are no outstanding debt securities other than as set forth in Schedule 3(c), and (iii) except as contemplated hereby, there
are no agreements or arrangements under which the Company or any of its subsidiaries is obligated to register the sale of any
of their securities under the Securities Act. There are no securities or instruments containing anti-dilution or similar provisions
that will be triggered by the issuance of the Shares as described in this Agreement. The Shares when issued, will be free and
clear of all pledges, liens, encumbrances and other restrictions (other than those arising under applicable securities laws as
a result of the issuance of the Shares or those restrictions as disclosed herein). Except as set forth on Schedule 3(c),
no co-sale right, right of first refusal or other similar right exists with respect to the Shares or the issuance and sale thereof.
The issue and sale of the Shares will not result in a right of any holder of Company securities to adjust the exercise, exchange
or reset price under such securities. The Company has made available to the Buyer true and correct copies of the Company’s
Articles of Incorporation, and as in effect on the date hereof (the “Articles of Incorporation”), and the Company’s
Bylaws, as in effect on the date hereof (the “Bylaws”), and the terms of all securities exercisable for Company Shares
and the material rights of the holders thereof in respect thereto other than stock options issued to employees and consultants.

 

 

 

2
A “senior foreign political figure” is defined as a senior official in the executive, legislative, administrative,
military or judicial branches of a foreign government (whether elected or not), a senior official of a major foreign political
party, or a senior executive of a foreign government-owned corporation. In addition, a “senior foreign political figure”
includes any corporation, business or other entity that has been formed by, or for the benefit of, a senior foreign political
figure.

 

3
“Immediate family” of a senior foreign political figure typically includes the figure’s parents, siblings,
spouse, children and in-laws.

 

4
A “close associate” of a senior foreign political figure is a person who is widely and publicly known to maintain
an unusually close relationship with the senior foreign political figure, and includes a person who is in a position to conduct
substantial domestic and international financial transactions on behalf of the senior foreign political figure.

 

    	6

    	 

    

 

(d) Issuance
of Shares. The Shares are duly authorized and, upon issuance in accordance with the terms hereof, shall be duly issued, fully
paid and nonassessable, are free from all taxes, liens and charges with respect to the issue thereof.

 

(e) No
Conflicts. The execution, delivery and performance of this Agreement by the Company and each of its subsidiaries that is party
hereto or thereto, and the consummation by the Company and each of its subsidiaries that is party hereto or thereto of the transactions
contemplated hereby and thereby will not (i) result in a violation of the Articles of Incorporation, the Bylaws or any certificate
of designations of any outstanding series of preferred stock (or equivalent constitutive document) of the Company or any of its
subsidiaries or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default (or an event
which with notice or lapse of time or both would become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation of, any agreement, indenture or instrument to which the Company or any subsidiary is a party, or
result in a violation of any law, rule, regulation, order, judgment or decree (including U.S. federal and state securities laws
and regulations) applicable to the Company or any subsidiary or by which any property or asset of the Company or any subsidiary
is bound or affected except for those which could not reasonably be expected to have a material adverse effect on the assets,
business, condition (financial or otherwise), results of operations or future prospects of the Company and its subsidiaries taken
as a whole (a “Material Adverse Effect”). Except those which could not reasonably be expected to have a Material Adverse
Effect, neither the Company nor any subsidiary is in violation of any term of or in default under its constitutive documents.
Except as set forth in Schedule 3(e), and except those which could not reasonably be expected to have a Material Adverse Effect,
neither the Company nor any subsidiary is in violation of any term of or in default under any material contract, agreement, mortgage,
indebtedness, indenture, instrument, judgment, decree or order or any statute, rule or regulation applicable to the Company or
any subsidiary. The business of the Company and its subsidiaries is not being conducted, and shall not be conducted in violation
of any material law, ordinance, or regulation of any governmental entity. Except as specifically contemplated by this Agreement
and as required under the Securities Act and any applicable state securities laws, neither the Company nor any of its subsidiaries
is required to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental
agency in order for it to execute, deliver or perform any of its obligations under or contemplated by this Agreement in accordance
with the terms hereof or thereof. Neither the execution and delivery by the Company of this Agreement, nor the consummation by
the Company of the transactions contemplated hereby or thereby, will require any notice, consent or waiver under any contract
or instrument to which the Company is a party or by which the Company is bound or to which any of their assets is subject, except
for (i) any notice, consent or waiver, set forth in Schedule 3(e), or (ii) any notice, consent or waiver the absence of which
would not have a Material Adverse Effect and would not adversely affect the consummation of the transactions contemplated hereby
or thereby. All consents, authorizations, orders, filings and registrations which the Company is required to obtain pursuant to
the preceding two sentences have been obtained or effected on or prior to the date hereof. The Company is unaware of any facts
or circumstance, which might give rise to any of the foregoing.

 

(f) Absence
of Litigation. Except as set forth on Schedule 3(f), there is no action, suit, proceeding, inquiry or investigation before
or by any court, public board, government agency, self-regulatory organization or body pending against or affecting the Company
or any subsidiary, wherein an unfavorable decision, ruling or finding would (i) adversely affect the validity or enforceability
of, or the authority or ability of the Company or any of its subsidiaries to perform its obligations under, this Agreement, or
(ii) have a Material Adverse Effect.

 

    	7

    	 

    

 

(g) Acknowledgment
Regarding Buyer’s Purchase of the Shares. The Company acknowledges and agrees that each Buyer is acting solely in the
capacity of an arm’s length purchaser with respect to this Agreement, and the transactions contemplated hereby and thereby.
The Company further acknowledges that each Buyer 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 thereby and any advice given by such Buyer
or any of their respective representatives or agents in connection with this Agreement, and the transactions contemplated hereby
and thereby is merely incidental to such Buyer’s purchase of the Shares. The Company further represents to the Buyers that
the Company’s decision to enter into this Agreement, has been based solely on the independent evaluation by the Company
and its representatives.

 

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

 

(i) No
Integrated Offering. Neither the Company, nor any of its affiliates, nor any person acting on its or their behalf has, directly
or indirectly, made any offers or sales of any security or solicited any offers to buy any security, under circumstances that
would require registration of the Shares under the Securities Act or cause this offering of the Shares to be integrated with prior
offerings by the Company for purposes of the Securities Act.

 

(j) Employee
Relations. Neither Company nor any subsidiary is involved in any labor dispute nor, to the knowledge of the Company, is any
such dispute threatened. Neither Company nor any subsidiary is party to any collective bargaining agreement. None of the Company’s
or its subsidiaries’ employees is a member of a union, and the Company believes that its and its subsidiaries’ relationship
with their respective employees is good.

 

(k) Intellectual
Property Rights. Except as set forth on Schedule 3(k), the Company owns or possesses all patents, trademarks, domain names
(whether or not registered) and any patentable improvements or copyrightable derivative works thereof, websites and intellectual
property rights relating thereto, service marks, trade names, copyrights, licenses and authorizations, and all rights with respect
to the foregoing, which are necessary for the conduct of its business as now conducted without any conflict with the rights of
others except for such conflicts that would not result in a Material Adverse Effect. Except as set forth on Schedule 3(k), neither
Company nor any subsidiary has received any notice of infringement of, or conflict with, the asserted rights of others with respect
to any intellectual property that it utilizes.

 

(l) Environmental
Laws.

 

(i) The
Company and each subsidiary has complied with all applicable Environmental Laws (as defined below), except for violations of Environmental
Laws that, individually or in the aggregate, have not had and would not reasonably be expected to have a Material Adverse Effect.
There is no pending or, to the knowledge of the Company, threatened civil or criminal litigation, written notice of violation,
formal administrative proceeding, or investigation, inquiry or information request, relating to any Environmental Law involving
the Company or any subsidiary, except for litigation, notices of violations, formal administrative proceedings or investigations,
inquiries or information requests that, individually or in the aggregate, have not had and would not reasonably be expected to
have a Material Adverse Effect. For purposes of this Agreement, “Environmental Law” means any national, state, provincial
or local law, statute, rule or regulation or the common law relating to the environment or occupational health and safety, including
without limitation any statute, regulation, administrative decision or order pertaining to (i) treatment, storage, disposal, generation
and transportation of industrial, toxic or hazardous materials or substances or solid or hazardous waste; (ii) air, water and
noise pollution; (iii) groundwater and soil contamination; (iv) the release or threatened release into the environment of industrial,
toxic or hazardous materials or substances, or solid or hazardous waste, including without limitation emissions, discharges, injections,
spills, escapes or dumping of pollutants, contaminants or chemicals; (v) the protection of wild life, marine life and wetlands,
including without limitation all endangered and threatened species; (vi) storage tanks, vessels, containers, abandoned or discarded
barrels, and other closed receptacles; (vii) health and safety of employees and other persons; and (viii) manufacturing, processing,
using, distributing, treating, storing, disposing, transporting or handling of materials regulated under any law as pollutants,
contaminants, toxic or hazardous materials or substances or oil or petroleum products or solid or hazardous waste. As used above,
the terms “release” and “environment” shall have the meaning set forth in the Comprehensive Environmental
Response, Compensation and Liability Act of 1980, as amended (“CERCLA”).

 

(ii) To
the knowledge of the Company there is no material environmental liability with respect to any solid or hazardous waste transporter
or treatment, storage or disposal facility that has been used by the Company or any subsidiary.

 

(iii) The
Company and its subsidiaries (i) have received all permits, licenses or other approvals required of them under applicable Environmental
Laws to conduct their respective businesses and (ii) are in compliance with all terms and conditions of any such permit, license
or approval.

 

    	8

    	 

    

 

(m) Title.
Except as set forth on Schedule 3(m), each of the Company and its subsidiaries has good and marketable title to all of its personal
property and assets free and clear of any material restriction, mortgage, deed of trust, pledge, lien, security interest or other
charge, claim or encumbrance which would have a Material Adverse Effect. Except as set forth on Schedule 3(m), with respect to
properties and assets it leases, each of the Company and its subsidiaries is in material compliance with such leases and holds
a valid leasehold interest free of any liens, claims or encumbrances which would have a Material Adverse Effect.

 

(n) No
Material Adverse Breaches, etc. Neither Company nor any subsidiary is subject to any charter, corporate or other legal restriction,
or any judgment, decree, order, rule or regulation which in the judgment of the Company’s officers has or is expected in
the future to have a Material Adverse Effect. Neither Company nor any subsidiary is in breach of any contract or agreement which
breach, in the judgment of the Company’s officers, has or is expected to have a Material Adverse Effect.

 

(o) Tax
Status. Except as set forth in Schedule 3(o), the Company and each subsidiary has made and filed all federal and state income
and all other tax returns, reports and declarations required by any jurisdiction to which it is subject and (unless and only to
the extent that the Company or such subsidiary has set aside on its books provisions reasonably adequate for the payment of all
unpaid and unreported taxes) has paid all taxes and other governmental assessments and charges that are material in amount, shown
or determined to be due on such returns, reports and declarations, except those being contested in good faith, and has set aside
on its books provision reasonably adequate for the payment of all taxes for periods subsequent to the periods to which such returns,
reports or declarations apply. Except as set forth in Schedule 3(o), there are no unpaid taxes in any material amount claimed
to be due from the Company or any subsidiary by the taxing authority of any jurisdiction, and the officers of the Company know
of no basis for any such claim.

 

(p) Certain
Transactions. Except as set forth in Schedule 3(p), and except for arm’s length transactions pursuant to which the Company
or any subsidiary makes payments in the ordinary course of business upon terms no less favorable than it could obtain from third
parties, none of the officers, directors, or employees of the Company or any subsidiary is presently a party to any transaction
with the Company or any subsidiary (other than for services as employees, officers and directors), including any contract, agreement
or other arrangement providing for the furnishing of services to or by, providing for rental of real or personal property to or
from, or otherwise requiring payments to or from any officer, director or such employee or, to the knowledge of the Company, any
corporation, partnership, trust or other entity in which any officer, director, or any such employee has a substantial interest
or is an officer, director, trustee or partner.

 

(q) Rights
of First Refusal. Except as set forth on Schedule 3(q), the Company is not obligated to offer the securities offered hereunder
on a right of first refusal basis or otherwise to any third parties including, but not limited to, current or former stockholders
of the Company, underwriters, brokers, agents or other third parties.

 

(r) Reliance.
The Company acknowledges that the Buyers are relying on the representations and warranties made by the Company hereunder and that
such representations and warranties are a material inducement to the Buyer purchasing the Shares. The Company further acknowledges
that without such representations and warranties of the Company made hereunder, the Buyers would not enter into this Agreement.

 

(s) Brokers’
Fees. The Company does not have any liability or obligation to pay any fees or commissions to any broker, finder or agent
with respect to the transactions contemplated by this Agreement, except for the payment of the Brokers’ Fee to the Brokers,
as described above.

 

5. COVENANTS.

 

(a) Best
Efforts. Each party shall use its best efforts timely to satisfy each of the conditions to be satisfied by it as provided
in Sections 5, 6 and 7 of this Agreement.

 

(b) Form
D. The Company agrees to file a Form D with respect to the offer and sale of the Shares as required under Regulation D. The
Company shall, take such action as the Company shall reasonably determine is necessary to qualify the Shares, or obtain an exemption
for the Shares for sale to the Buyers at the Closing pursuant to this Agreement under applicable securities or “Blue Sky”
laws of the states of the United States, and shall provide evidence of any such action so taken to the Buyers.

 

6. CONDITIONS
TO THE COMPANY’S OBLIGATION TO SELL.

 

The
obligation of the Company hereunder to issue and sell the Shares to the Buyer(s) at the Closing is subject to the satisfaction,
at or before the Closing Date, of each of the following conditions, provided that these conditions are for the Company’s
sole benefit and may be waived by the Company at any time in its sole discretion:

 

(a) Buyer
shall have executed this Agreement and the required Subscription Documents and delivered them to the Company.

 

    	9

    	 

    

 

(b) The
Buyer(s) shall have delivered to the Company the Purchase Price for Shares in respective amounts as set forth on the signature
page(s) affixed hereto by wire transfer of immediately available U.S. funds pursuant to the wire instructions set forth in Section
1(a) hereof and the Company shall have delivered the net proceeds to the Company by wire transfer of immediately available U.S.
funds pursuant to the wire instructions provided by the Company.

 

(c) The
representations and warranties of the Buyer(s) contained in this Agreement shall be true and correct in all material respects
as of the date when made and as of the Closing Date as though made at that time (except for representations and warranties that
speak as of a specific date), and the Buyer(s) shall have performed, satisfied and complied in all material respects with the
covenants, agreements and conditions required by this Agreement to be performed, satisfied or complied with by the Buyer(s) at
or prior to the Closing Date.

 

7. CONDITIONS
TO THE BUYER’S OBLIGATION TO PURCHASE.

 

(a) The
obligation of the Buyer(s) hereunder to purchase the Shares at the Closing is subject to the satisfaction, at or before the Closing
Date, of each of the following conditions:

 

(i) The
Company shall have executed this Agreement and delivered it to the Buyer

 

(ii) The
representations and warranties of the Company contained in this Agreement, shall be true and correct in all material respects
(except to the extent that any of such representations and warranties is already qualified as to materiality, in which case, such
representations and warranties shall be true and correct without further qualification) as of the date when made and as of the
Closing Date as though made at that time (except for representations and warranties that speak as of a specific date) and the
Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement, to be performed, satisfied or complied with by the Company at or prior to the Closing Date.

 

8. REGISTRATION
OF THE SHARES; COMPLIANCE WITH SECURITIES ACT.

 

 8.1 Registration
Procedures and Expenses. The Company shall:

 

 (a) Piggyback
Registration Rights. Whenever the Company proposes to register under the Securities Act any of its Common Stock for sale to
the public for cash in an underwritten offering, and the registration form to be used would permit inclusion thereto of the Shares
and any shares of common stock issued or issuable directly or indirectly with respect to the Shares held by the Buyers by way
of stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other
reorganization (together, for purposes of this Section 8, the “Registrable Securities”) (a “Piggyback Registration”),
the Company will give prompt written notice to Shareholder and will include in such Piggyback Registration, subject to the allocation
provisions below, all Registrable Securities with respect to which the Company has received from the Shareholder a written request
for inclusion within 30 days after the Company’s sending of such notice; provided however, that the Company
shall not be required to effect any registration of Registrable Securities if (i) the registration is the Company’s underwritten
offering, (ii) registration is effected by the Company on behalf of a shareholder exercising registration rights that pursuant
to the terms thereof prohibit the shareholder’s shares from being included in such registration (a “Limited Demand
Registration”), (iii) the Registrable Securities was previously included in a Registration Statement, whether an underwritten
offering or otherwise, or (iv) the registration statement is filed or effected on Form S-4 or Form S-8, each as promulgated under
the 1933 Act, or their then equivalents;

 

 (b) use
its reasonable best efforts, subject to receipt of necessary information from the Buyers whose securities are included therein,
to cause the SEC to declare the Registration Statement (or post-effective amendment, as applicable) effective within 30 business
days after the Closing Date or, if the SEC reviews the Registration Statement, within 120 days after the Closing Date (the “Effective
Deadline”);

 

 (c) promptly
prepare and file with the SEC such amendments and supplements to the Registration Statement and any prospectus prepared in connection
therewith (the “Prospectus “) as may be necessary to keep the Registration Statement effective until (the “Effectiveness
Period”) the earliest of (i) two years after the effective date of the Registration Statement, or (ii) such time as the
Registrable Securities become eligible for resale by non-affiliates pursuant to Rule 144(k) under the Securities Act or any other
rule of similar effect, or (iii) such time as all of the Registrable Securities have been sold pursuant to the Registration Statement;

 

(d)
so long as the Registration Statement is effective covering the resale of the Registrable securities owned by the Buyer,
furnish to the Buyer with respect to the Shares registered under the Registration Statement (and to each underwriter, if any,
of such Shares) such number of copies of prospectuses and such other documents as the Buyer may reasonably request, in order
to facilitate the public sale or other disposition of all or any of the Registrable Securities by the Buyer;

 

    	10

    	 

    

 

 (e) file
documents required of the Company for normal Blue Sky clearance in states specified in writing by the Buyer; provided,
however, that the Company shall not be required to qualify to do business or consent to service of process in any jurisdiction
in which it is not now so qualified or has not so consented;

 

 (f) bear
all reasonable expenses in connection with the procedures in paragraphs (a) through (e) of this Section 8.1 and the registration
of the Registrable Securities pursuant to the Registration Statement, other than fees and expenses, if any, of counsel or other
advisers to the Buyers (in each case except as otherwise provided herein) or underwriting discounts, brokerage fees and SECs incurred
by the Buyers, if any, in connection with the offering pursuant to the Registration Statement;

 

 (g) file
a Form D with respect to offer and sale of the Shares to the Buyer as required under Regulation D under the Securities Act and
to provide a copy thereof to the Buyer promptly after filing; and

 

 (h) file,
not later than the next business day after the Closing, a Current Report on Form 8-K with the SEC disclosing all material terms
of the transactions contemplated hereby in accordance with the applicable SEC rules and regulations.

 

8.2 Transfer
of Shares. The Buyer agrees that it will not effect any disposition of the Shares or its right to purchase the Shares
that would constitute a sale within the meaning of the Securities Act or any applicable state securities laws, except
as contemplated in the Registration Statement or as otherwise permitted by law, and that it will promptly notify the Company
of any changes in the information set forth in the Registration Statement regarding the Buyer or its plan of
distribution.

 

 8.3 Indemnification.
For the Purpose of this Section 8.3:

 

(i)
the term “Buyer/Affiliate” shall mean any affiliate of the Buyer, including a transferee of the Shares from the Buyer
who is an affiliate of the Buyer, and any person who controls the Buyer or any affiliate of the Buyer within the meaning of Section
15 of the Securities Act or Section 20 of the Exchange Act; and

 

(ii)
the term “Registration Statement” shall include any preliminary prospectus, final prospectus, free writing prospectus,
exhibit, supplement or amendment included in or relating to, and any document incorporated by reference in, the Registration Statement.

 

(a)
The Company agrees to indemnify and hold harmless the Buyer and each Buyer/Affiliate against any losses, claims, damages, liabilities
or expenses, joint or several, to which the Buyer or Buyer/Affiliate may become subject, under the Securities Act, the Exchange
Act, or any other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any
litigation, if such settlement is effected with the prior written consent of the Company), insofar as such losses, claims, damages,
liabilities or expenses (or actions in respect thereof as contemplated below) arise out of or are based upon any untrue statement
or alleged untrue statement of any material fact contained in the Registration Statement, including the Prospectus, financial
statement and schedules, and all other documents files as a part thereof, as amended at the time of effectiveness of the Registration
Statement, including any information deemed to be a part thereof as of the time of effectiveness pursuant to paragraph (b) of
Rule 430A, or pursuant to Rules 430B, 430C, or 434, of the Rules and Regulations, or the Prospectus, in the form first filed with
the SEC pursuant to Rule 424(b) of the Rules and Regulations, or filed as part of the Registration Statement at the time of effectiveness
if no Rule 424(b) filing is required , or any amendment or supplement thereto, or arise out of or are based upon the omission
or alleged omission to state in any of them a material fact required to be stated therein or necessary to make the statements
in any of them, in light of the circumstances under which they were made, not misleading, or arise out of or are based in whole
or in part on any breach by the Company of the representations or warranties of the Company contained in this Agreement, or any
failure of the Company to perform its obligations hereunder or under law, and will promptly reimburse the Buyer and each such
Buyer/Affiliate for any legal and other expenses as such expenses are reasonably incurred by the Buyer or such Buyer/Affiliate
in connection with investigating, defending or preparing to defend, settling, compromising or paying any such loss, claim, damage,
liability, expense or action; provided, however, that the Company will not be liable for amounts paid in settlement of any such
loss, claim damage, liability or action if such settlement is effected without the consent of the Company, which consent shall
not be unreasonably withheld, and, provided further, that the Company will not be liable in any such case to the extent that any
such loss, claim, damage, liability, action or expense arises out of or is based upon (i) an untrue statement or alleged untrue
statement or omission or alleged omission made in the Registration Statement, the Prospectus or any amendment or supplement thereto
in reliance upon and in conformity with written information furnished to the Company by the Buyer, or (ii) the failure of the
Buyer to comply with the covenants and agreements contained in this 8.2, or (iii) the breach by the Buyer of any covenant, representation
or warranty made by the Buyer herein, or (iv) any statement or omission in any Prospectus that is corrected in any subsequent
Prospectus that was delivered to the Buyer prior to the pertinent sale or sales by the Buyer, or (v) any violation by the Buyer
of any applicable federal or state securities laws, rule or regulations.

 

    	11

    	 

    

 

(b) The
Buyer will severally, but not jointly with the other Buyers, indemnify and hold harmless the Company, each of its directors, each
of its officers, counsel, employees, and agents, including such officers who signed the Registration Statement, and each person,
if any, who controls the Company within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, against
any losses, claims, damages, liabilities or expenses to which the Company, each of its directors, each of its officers, counsel,
employees, and agents and each such controlling person may become subject, under the Securities Act, the Exchange Act, or any
other federal or state statutory law or regulation, or at common law or otherwise (including in settlement of any litigation,
but only if such settlement is effected with the written consent of the Buyer) insofar as such losses, claims, damages, liabilities
or expenses (or actions in respect thereof as contemplated below) arise out of or are based upon (i) any failure to comply with
the covenants and agreements contained in 8.2 hereof, or (ii) the breach by the Buyer of any agreement, covenant, representation
or warranty made by the Buyer herein, or (iii) any untrue or alleged untrue statement of any material fact contained in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, or any omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements in the Registration Statement, the Prospectus or any amendment
or supplement thereto not misleading in light of the circumstances under which they were made, in each case to the extent, but
only to the extent, that such untrue statement or alleged untrue statement or omission or alleged omission was made in the Registration
Statement, the Prospectus, or any amendment or supplement thereto, in reliance upon and in conformity with written information
furnished to the Company by the Buyer expressly for use therein, and will reimburse the Company, each of its directors, each of
its officers, counsel, employees, and agents and each such controlling person for any legal and other expense reasonably incurred
by the Company, each of its directors, each of its officers, counsel, employees, and agents and each such controlling person in
connection with investigating, defending, settling, compromising or paying any such loss, claim, damage, liability, expense or
action.

 

(c) Promptly
after receipt by an indemnified party under this Section 8.3 of notice of the threat or commencement of any action, indemnifiable
hereunder such indemnified party will, if a claim in respect thereof is to be made against an indemnifying party under this Section
8.3, promptly notify the indemnifying party in writing thereof; but the omission so to notify the indemnifying party will not
relieve it from any liability which it may have to any indemnified party for contribution or otherwise under the indemnity agreement
contained in this Section 8.3 to the extent it is not prejudiced as a result of such failure. In case any such action is brought
against any indemnified party and such indemnified party seeks or intends to seek indemnity from an indemnifying party, the indemnifying
party will be entitled to participate in, and, to the extent that it may wish, jointly with all other indemnifying parties similarly
notified, to assume the defense thereof with counsel reasonably satisfactory to such indemnified party; provided, however,
if the defendants in any such action include both the indemnified party and the indemnifying party and the indemnified party shall
have reasonably concluded, based on an opinion of counsel reasonably satisfactory to the indemnifying party, that there may be
a conflict of interest between the positions of the indemnifying party and the indemnified party in conducting the defense of
any such action or that there may be legal defenses available to it and/or other indemnified parties which are different from
or additional to those available to the indemnifying party, the indemnified party or parties shall have the right to select separate
counsel to assume such legal defenses and to otherwise participate in the defense of such action on behalf of such indemnified
party or parties. Upon receipt of notice from the indemnifying party to such indemnified party of its election to assume the defense
of such action and approval by the indemnified party of counsel, the indemnifying party will not be liable to such indemnified
party under this Section 8.3 for any legal or other expenses subsequently incurred by such indemnified party in connection with
the defense thereof unless (i) the indemnified party shall have employed such counsel in connection with the assumption of legal
defenses in accordance with the proviso to the preceding sentence (it being understood, however, that the indemnifying party shall
not be liable for the expenses of more than one separate counsel, reasonably satisfactory to such indemnifying party, representing
all, of the indemnified parties who are parties to such action) or (ii) the indemnifying party shall not have employed counsel
reasonably satisfactory to the indemnified party to represent the indemnified party within a reasonable time after notice of commencement
of action, in each of which cases the reasonable fees and expenses of counsel shall be at the expense of the indemnifying party.
In no event shall any indemnifying party be liable in respect of any amounts paid in settlement of any action Unless the indemnifying
party shall have approved in writing the terms of such settlement; provided that such consent shall not be unreasonably
withheld. No indemnifying party shall, without the prior written consent of the indemnified party, effect any settlement of any
pending or threatened proceeding in respect of which any indemnified party is or could have been a party and indemnification could
have been sought hereunder by such indemnified party from all liability on claims that are the subject matter of such proceeding.

 

(d) If
the indemnification provided for in this Section 8.3 is required by its terms but is for any reason held by a court of competent
jurisdiction to be unavailable to or otherwise insufficient to hold harmless an indemnified party under paragraphs (a), (b) or
(c) of this Section 8.3 in respect to any losses, claims, damages, liabilities or expenses referred to herein, then each applicable
indemnifying party shall contribute to the amount paid or payable by such indemnified party as a result of any losses, claims,
damages, liabilities or expenses referred to herein (i) in such proportion as is appropriate to reflect the relative benefits
received by the Company and the Buyer from the private placement of Shares hereunder or (ii) if the allocation provided by clause
(i) above is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred
to in clause (i) above but the relative fault of the Company and the Buyer in connection with the statements or omissions or inaccuracies
in the representations and warranties in this Agreement and/or the Registration Statement which resulted in such losses, claims,
damages, liabilities or expenses, as well as any other relevant equitable considerations. The respective relative benefits received
by the Company on the one hand and each Buyer on the other shall be deemed to be in the same proportion as the amount paid by
such Buyer to the Company pursuant to this Agreement for the Shares purchased by such Buyer that were sold pursuant to the Registration
Statement bears to the difference between the amount such Buyer paid for the Shares that were sold pursuant to the Registration
Statement and the amount received by such Buyer from such sale. The relative fault of the Company, on the one hand, and each Buyer
on the other shall be determined by reference to, among other things, whether the untrue or alleged statement of the material
fact or the omission or alleged omission to state a material fact or the inaccurate or the alleged inaccurate representation and/or
warranty relates to information supplied by the Company or by such Buyer and the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent such statement or omissions. The amount paid or payable by a party as a result
of the losses, claims, damages, liabilities and expenses referred to above shall be deemed to include, subject to the limitations
set forth in paragraph (c) of this Section8.3, any legal or other fees or expenses reasonably incurred by such party in connection
with investigating or defending any action or claim. The provisions set forth in paragraph (c) of this Section8.3 with respect
to the notice of the threat or commencement of any threat or action shall apply if a claim for contribution is to be made under
this paragraph (d); provided, however, that no additional notice shall be required with respect to any threat or
action for which notice has been given under paragraph (c) for purposes of indemnification. The Company and each Buyer agree that
it would not be just and equitable if contribution pursuant to this Section 8.3 were determined solely by pro rata allocation
(even if the Buyers were treated as one entity for such purpose) or by any other method of allocation which does not take account
of the equitable considerations referred to in this paragraph.

 

    	12

    	 

    

 

 8.4 Termination
of Conditions and Obligations. The restrictions imposed by this Section 8 upon the transferability of the Shares shall cease
and terminate as to any particular number of Shares upon the earlier of (i) the passage of two years from the effective date of
the Registration Statement covering such Registrable Securities (unless the Buyer is then, or was during the preceding three months,
an affiliate (as defined in Rule 144 promulgated under the Securities Act) of the Company and (ii) such time as an opinion of
counsel satisfactory in form and substance to the Company shall have been rendered to the effect that such conditions are not
necessary in order to comply with the Securities Act.

 

8.5 Information
Available. The Company, upon the reasonable request of the Buyer and with prior notice, will be available to the Buyer or
a representative thereof at the Company’s headquarters to discuss information relevant for disclosure in
the Registration Statement covering the Registrable Securities and will otherwise cooperate with the Buyer when conducting an
investigation for the purpose of reducing or eliminating the Buyer’s exposure to liability under the Securities Act,
including the reasonable production of information at the Company’s headquarters, subject to appropriate
confidentiality limitations.

 

9. GOVERNING
LAW: MISCELLANEOUS.

 

(a) Governing
Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Florida without regard
to the principles of conflict of laws. The parties further agree that any action between them shall be heard exclusively in federal
or state court sitting in Saint Lucie County, Florida, and expressly consent to the jurisdiction and venue of the Circuit Court
sitting in 19th Judicial Circuit Court of Saint Lucie County, Florida and the United States District Court for the
Southern District of Florida in Ft. Pierce, Florida for the adjudication of any civil action asserted pursuant to this paragraph.

 

(b)
Irrevocable Subscription. Each of the Buyers hereby acknowledges and agrees that the subscription hereunder is irrevocable
by such Buyer, except as required by applicable law, and that this Agreement shall survive the death or disability of the Buyer
and shall be binding upon and inure to the benefit of the parties and their heirs, executors, administrators, successors, legal
representatives, and permitted assigns. If the Buyer is more than one person, the obligations of the Buyer hereunder shall be
joint and several and the agreements, representations, warranties, and acknowledgments herein shall be deemed to be made by and
be binding upon each such person and such person’s heirs, executors, administrators, successors, legal representatives,
and permitted assigns.

 

(c) Expenses.
Each of the parties hereto shall pay its own fees and expenses (including the fees of any attorneys, accountants, appraises or
others engaged by such party) in connection with this Agreement and, except as otherwise set forth herein, the transactions contemplated
hereby.

 

(d) Counterparts.
This Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement
and shall become effective when counterparts have been signed by each party and delivered to the other party. Facsimile
and e-mailed copies of signatures shall be deemed to be originals for purposes of the effectiveness of this Agreement.

 

(e) Headings.
The headings of this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

(f) Severability.
If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability
shall not affect the validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability
of any provision of this Agreement in any other jurisdiction.

 

    	13

    	 

    

 

(g) Entire
Agreement, Amendments. This Agreement supersedes all other prior oral or written agreements between the Buyer(s), the Company,
their affiliates and persons acting on their behalf with respect to the matters discussed herein (including any term sheet), and
this Agreement, and the instruments referenced herein contain the entire understanding of the parties with respect to the matters
covered herein and therein and, except as specifically set forth herein or therein, neither the Company nor any Buyer makes any
representation, warranty, covenant or undertaking with respect to such matters. No provision of this Agreement may be waived or
amended other than by an instrument in writing signed by the party to be charged with enforcement.

 

(h) Notices.
Any notices, consents, waivers, or other communications required or permitted to be given under the terms of this Agreement must
be in writing and will be deemed to have been delivered (i) upon receipt, when delivered personally; (ii) upon confirmation of
receipt, when sent by facsimile; (iii) upon receipt when sent by U.S. certified mail, return receipt requested, or (iv) one (1)
day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to receive
the same. The addresses and facsimile numbers for such communications shall be:

 

	If
    to the Company, to:	 	PULSE
        EVOLUTION CORPORATION

        10521
        SW Village Center Drive, Suite 200

        Port
        St. Lucie, FL 34987

        Attention:
        Frank Patterson, Chief Executive Officer

        Facsimile:
        (772) 345-4101

	 	 	 
	With
    a copy to (which copy should not constitute a notice hereunder):	 	Eavenson,
        Fraser, Lunsford & Evans, PL

        2000
        PGA Boulevard, Suite 3200

        Palm
        Beach Gardens, FL 33408

        Attn:
        Bradley B. Eavenson, Esq.

        Facsimile:
        (561) 626-1042

 

If
to the Buyer(s), to its address and facsimile number set forth on the Buyer Signature Page affixed hereto. Each party shall provide
five (5) days’ prior written notice to the other party of any change in address or facsimile number.

 

(i) Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors
and assigns. Neither the Company nor any Buyer shall assign this Agreement or any rights or obligations hereunder without the
prior written consent of the other party hereto.

 

(j) No
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

(k) Publicity.
The Company shall have the right to approve, before issuance any press release or any other public statement with respect to the
transactions contemplated hereby made by any other party; and the Company shall be entitled, without the prior approval of any
Buyer, to issue any press release or other public disclosure with respect to such transactions required under applicable securities
or other laws or regulations or as it otherwise deems appropriate.

 

(l) Further
Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall
execute and deliver all such other agreements, certificates, instruments and documents, as the other party may reasonably request
in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

(m) No
Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express
their mutual intent, and no rules of strict construction will be applied against any party.

 

(n) Remedies.
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Buyer
and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and
hereby agree to waive in any action for specific performance of any such obligation the defense that a remedy at law would be
adequate.

 

    	14

    	 

    

 

(o) ANTI
MONEY LAUNDERING REQUIREMENTS

 

	The
                                         USA PATRIOT Act
	 	What
    is money laundering?	 	How
    big is the problem and why is it important?
	 	 	 	 	 
	The
USA PATRIOT Act is designed to detect, deter, and punish terrorists in the United States and abroad. The Act imposes new anti-money
laundering requirements on brokerage firms and financial institutions. Since April 24, 2002, all brokerage firms have been required
to have new, comprehensive anti-money laundering programs.

        
	 	Money laundering
    is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities.
    Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery,
    fraud, racketeering, and terrorism.	 	The use of the
    U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets. According
    to the U.S. State Department, one recent estimate puts the amount of worldwide money laundering activity at US$1 trillion
    a year.
	 	 	 	 	 
	To
        help you understand these efforts, we want to provide you with some information about money laundering and our steps to
        implement the USA PATRIOT Act.	 	 	 	 

 

	What
    are we required to do to eliminate money laundering?
	 
	Under
    new rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer,
    set up employee training, conduct independent audits, and establish policies and procedures to detect and report suspicious
    transaction and ensure compliance with the new laws.	 	As
    part of our required program, we may ask you to provide various identification documents or other information. Until you provide
    the information or documents we need, we may not be able to effect any transactions for you.

 

[Signature
Page Follows]

 

    	15

    	 

    

 

IN
WITNESS WHEREOF, the Buyers and the Company have caused this Securities Purchase Agreement to be duly executed as of
the date first written above.

 

	 	COMPANY:
	 	PULSE
    EVOLUTION CORPORATION

 

	 	By:	
	 	Name:	 
	 	Title:	 

 

	 	BUYERS:
	 	 
	 	The
    Buyers executing the Signature Page and the Subscription Documents in the form attached hereto as Annex A and delivering
    the same to the Company or its agents shall be deemed to have executed this Agreement and agreed to the terms hereof.

 

[SIGNATURE
PAGE TO SECURITIES PURCHASE AGREEMENT]

 

    	 

    	 

    

 

Annex
A

 

Buyer
Signature Page

to

Securities
Purchase Agreement 

 

The
undersigned, desiring to: (i) enter into the Securities Purchase Agreement, dated as of _________ ___, 2014 (the “Securities
Purchase Agreement”), between the undersigned, PULSE EVOLUTION CORPORATION, a Nevada
corporation (the “Company”), and the other parties thereto, in or substantially
in the form furnished to the undersigned, and (ii) purchase the Shares of the Company as set forth below, hereby agrees to purchase
such Shares from the Company and further agrees to join the Securities Purchase Agreement, with all the rights and privileges
pertaining thereto, and to be bound in all respects by the terms and conditions thereof. The undersigned specifically acknowledges
having read the representations section in the Securities Purchase Agreement entitled “Buyer’s Representations and
Warranties,” and hereby represents that the statements contained therein are complete and accurate with respect to the undersigned
as a Buyer.

 

The
Buyer hereby elects to purchase ________ Shares at a price of $__________ per share for a total purchase price of $____________
(to be completed by the Buyer) under the Securities Purchase Agreement.

 

	BUYER
    (individual)	 	BUYER
    (entity)	 
	 	 	 	 
		 	 	 
	Signature	 	Name
    of Entity	 
	 	 	 	 
		 	 	 
	Print
    Name	 	Signature	 
	 	 	 	 
	 	 	Print
    Name: 	
		 	 	 
	Signature
(if Joint Tenants or Tenants in Common)	 	Title:	 

 

	Address
    of Principal Residence:	 	Address of Executive Offices:
	 	 	 
		 		 
	 	 	 	 
	 	 	 	 
	 	 	 
	Social
    Security Number(s):	 	IRS Tax Identification Number: 
	 	 	 
	 	 	 	 
	 	 	 	 
	Telephone
    Number:	 	Telephone Number: 
	 	 	 
		 	 	 
	 	 	 	 
	Facsimile
    Number:	 	Facsimile
    Number: 	 
	 	 	 	 
		 	 	 
	 	 	 	 
	E-mail
    Address:	 	E-mail
    Address: 	 
	 	 	 	 
	 	 	 	 

 

    	 

    	 

    

 

SCHEDULE
I

 

SCHEDULE
OF BUYERS 

 

	Name	 	No.
    of Shares	 	Amount
    of 

Subscription
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

    	 

    	 

    

 

PULSE
EVOLUTION CORPORATION

ACCREDITED
INVESTOR CERTIFICATION

 

For
Individual Investors Only

(all
Individual Investors must INITIAL where appropriate):

 

	Initial
    	                 	 	I
    have a net worth of at least US$1 million either individually or through aggregating my individual holdings and those in which
    I have a joint, community property or other similar shared ownership interest with my spouse. (For purposes of calculating
    your net worth under this paragraph, (a) your primary residence shall not be included as an asset; (b) indebtedness
    secured by your primary residence, up to the estimated fair market value of your primary residence at the time of your purchase
    of the securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the
    time of your purchase of the securities exceeds the amount outstanding 60 days before such time, other than as a result of
    the acquisition of your primary residence, the amount of such excess shall be included as a liability); and (c) indebtedness
    that is secured by your primary residence in excess of the estimated fair market value of your primary residence at the time
    of your purchase of the securities shall be included as a liability.)
	 	 	 	 
	Initial
    	                 	 	I
    have had an annual gross income for the past two years of at least US$200,000 (or US$300,000 jointly with my spouse) and expect
    my income (or joint income, as appropriate) to reach the same level in the current year.
	 	 	 	 
	Initial
    	                 	 	I
    am a director or executive officer of PULSE EVOLUTION CORPORATION.

 

For Non-Individual Investors

(all Non-Individual Investors must INITIAL where appropriate):

 

	Initial
    	                 	 	The
    investor certifies that it is a partnership, corporation, limited liability company or business trust that is 100% owned by
    persons who meet at least one of the criteria for Individual Investors set forth above. 
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is a partnership, corporation, limited liability company or business trust that has total assets
    of at least US$5 million and was not formed for the purpose of investing the Company.
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is an employee benefit plan whose investment decision is made by a plan fiduciary (as defined in
    ERISA §3(21)) that is a bank, savings and loan association, insurance company or registered investment advisor.
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is an employee benefit plan whose total assets exceed US$5,000,000 as of the date of this Agreement.
	 	 	 	 
	Initial
    	                 	 	The
    undersigned certifies that it is a self-directed employee benefit plan whose investment decisions are made solely by persons
    who meet at least one of the criteria for Individual Investors.
	 	 	 	 
	Initial	                 	 	The
    investor certifies that it is a U.S. bank, U.S. savings and loan association or other similar U.S. institution acting in its
    individual or fiduciary capacity.
	 	 	 	 
	Initial
    	                 	 	The
    undersigned certifies that it is a broker-dealer registered pursuant to §15 of the Securities Exchange Act of 1934.
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is an organization described in §501(c)(3) of the Internal Revenue Code with total assets
    exceeding US$5,000,000 and not formed for the specific purpose of investing in the Company.
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is a trust with total assets of at least US$5,000,000, not formed for the specific purpose of investing
    in the Company, and whose purchase is directed by a person with such knowledge and experience in financial and business matters
    that such person is capable of evaluating the merits and risks of the prospective investment.
	 	 	 	 
	Initial	                 	 	The
    investor certifies that it is a plan established and maintained by a state or its political subdivisions, or any agency or
    instrumentality thereof, for the benefit of its employees, and which has total assets in excess of US$5,000,000.
	 	 	 	 
	Initial
    	                 	 	The
    investor certifies that it is an insurance company as defined in §2(13) of the Securities Act of 1933, or a registered
    investment company.

 

    	 

    	 

    

 

PULSE
EVOLUTION CORPORATION

 

For
Non-U.S. Person Investors

(all
Investors who are not a U.S. Person must INITIAL this section):

 

	Initial		 	The
    investor is not a “U.S. Person” as defined in Regulation S; and specifically the investor is not:
	 	 	 	 
	 	A.	 	a
    natural person resident in the United States of America, including its territories and possessions (“United States”);
	 	 	 	 
	 	B.	 	a
    partnership or corporation organized or incorporated under the laws of the United States;
	 	 	 	 
	 	C.	 	an
    estate of which any executor or administrator is a U.S. Person;
	 	 	 	 
	 	D.	 	a
    trust of which any trustee is a U.S. Person;
	 	 	 	 
	 	E.	 	an
    agency or branch of a foreign entity located in the United States;
	 	 	 	 
	 	F.	 	a
    non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
    or account of a U.S. Person;
	 	 	 	 
	 	G.	 	a
    discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
    or (if an individual) resident in the United States; or
	 	 	 	 
	 	H.	 	a
    partnership or corporation: (i) organized or incorporated under the laws of any foreign jurisdiction; and (ii) formed by a
    U.S. Person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized
    or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural
    persons, estates or trusts.

       

And, in addition:

 

	 	I.	 	the
    investor was not offered the securities in the United States;
	 	 	 	 
	 	J.	 	at
    the time the buy-order for the securities was originated, the investor was outside the United States; and
	 	 	 	 
	 	K.	 	the
    investor is purchasing the securities for its own account and not on behalf of any U.S. Person (as defined in Regulation S)
    and a sale of the securities has not been pre-arranged with a purchaser in the United States.

  

    	 

    	 

    

 

PULSE
EVOLUTION CORPORATION

Investor
Profile

(Must
be completed by Investor)

 

Section
A - Personal Investor Information

 

	Investor
    Name(s): 		 
	 	 	 
	Individual
    executing Profile or Trustee: 		 
	 	 	 
	Social
    Security Numbers / Federal I.D. Number: 		 

 

	Date
    of Birth:	 	 	Marital
    Status: 		 
	 	 	 	 	 	 
	Joint
    Party Date of Birth:	 	 	Investment
    Experience (Years): 	 	 
	 	 	 	 	 	 
	Annual Income:	 	 	Liquid Net Worth:
    	 	 

 

	Net Worth*: 		 	 	 

 

	Tax Bracket:	_____ 15% or below	_____ 25% - 27.5%	_____ Over 27.5%	 

 

	Home
    Street Address: 		 
	 	 	 
	Home
    City, State & Zip Code: 	 	 

 

	Home
    Phone: 		 	Home
    Fax: 		 	Home
    Email: 	 	 

 

	Employer:
    		 
	 	 	 
	Employer
    Street Address: 	 	 
	 	 	 
	Employer
    City, State & Zip Code: 		 

 

	Bus.
    Phone: 	 	Bus.
    Fax: 	 	Bus.
    Email:		 

 

	Type
    of Business: 		 
	 	 	 
	Outside
    Broker/Dealer: 		 

 

Section
B – Certificate Delivery Instructions

 

	                 	Please
    deliver certificate to the Employer Address listed in Section A.
	 	 
	                 	Please
    deliver certificate to the Home Address listed in Section A.
	 	 
	                 	Please
deliver certificate to the following address:  ______________________________

 

Section
C – Form of Payment –Wire Transfer

 

	                 	Wire
    funds from my outside account according to Section 1(a) of the Securities Purchase Agreement.

 

Please
check if you are a FINRA member or affiliate of a FINRA member firm: ____

 

	 	 		 
	Investor
    Signature	 	Date	 

 

*
For purposes of calculating your net worth in this form, (a) your primary residence shall not be included as an asset;
(b) indebtedness secured by your primary residence, up to the estimated fair market value of your primary residence at the time
of your purchase of the securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding
at the time of your purchase of the securities exceeds the amount outstanding 60 days before such time, other than as a result
of the acquisition of your primary residence, the amount of such excess shall be included as a liability); and (c) indebtedness
that is secured by your primary residence in excess of the estimated fair market value of your primary residence at the time of
your purchase of the securities shall be included as a liability

 

    	 

    	 

    

 

ANTI
MONEY LAUNDERING REQUIREMENTS

 

The
USA PATRIOT Act

 

The
USA PATRIOT Act is designed to detect, deter, and punish terrorists in the United States and abroad. The Act imposes new anti-money
laundering requirements on brokerage firms and financial institutions. Since April 24, 2002 all brokerage firms have been required
to have new, comprehensive anti-money laundering programs.

 

To
help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement
the USA PATRIOT Act.

 

What
is money laundering?

 

Money
laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities.
Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery,
fraud, racketeering, and terrorism.

 

How
big is the problem and why is it important?

 

The
use of the U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets.
According to the U.S. State Department, one recent estimate puts the amount of worldwide money laundering activity at $1 trillion
a year.

 

What
are we required to do to eliminate money laundering?

 

Under
rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer, set up employee
training, conduct independent audits, and establish policies and procedures to detect and report suspicious transaction and ensure
compliance with such laws. As part of our required program, we may ask you to provide various identification documents or other
information. We will ask you for your name, address, date of birth and other information that will allow us to identify you. We
will ask to see a non-expired valid issued government identification, such as your driver’s license or other identifying
documents. Until you provide the information or documents we need, we may not be able to effect any transactions for you.

 

    	 

    	 

    

 

ANTI-MONEY
LAUNDERING INFORMATION FORM

The
following is required in accordance with the AML provision of the USA PATRIOT ACT.

(Please
fill out and return with requested documentation.)

 

	INVESTOR
    NAME:	 		 
	 	 	 	 
	LEGAL
    ADDRESS:	 		 
	 	 	 	 
	SSN#
    or TAX ID# OF INVESTOR:	 	 	 

 

FOR
INVESTORS WHO ARE INDIVIDUALS: 

 

	YEARLY
    INCOME: 		 	AGE:
    	 	 

 

	NET
    WORTH (excluding value of primary residence): 	 	 
	 	 	 
	OCCUPATION:
    	 	 
	 	 	 
	ADDRESS
    OF EMPLOYER:	 	 
	 	 	 
	 	 	 
	 	 	 
	INVESTMENT
    OBJECTIVE(S): 		 

 

IDENTIFICATION
& DOCUMENTATION AND SOURCE OF FUNDS:

 

	1.	Please
    submit a copy of non-expired identification for the authorized signatory(ies) on the investment documents, showing name, date
    of birth, address and signature. The address shown on the identification document MUST match the Investor’s address
    shown on the Investor Signature Page.

 

	 	Current
    Driver’s License	or	Valid
    Passport	or	Identity
    Card
	 	(Circle one or more)

 

	2.	If
    the Investor is a corporation, limited liability company, trust or other type of entity, please submit the following requisite
    documents: (i) Articles of Incorporation, By-Laws, Certificate of Formation, Operating Agreement, Trust or other similar documents
    for the type of entity; and (ii) Corporate Resolution or power of attorney or other similar document granting authority to
    signatory(ies) and designating that they are permitted to make the proposed investment.

 

	3.	Please
    advise where the funds were derived from to make the proposed investment:

 

	 	Investments	Savings	Proceeds
    of Sale	 	Other
    ____________
	 	(Circle one or more)

 

	Signature:
    		 
	 	 	 
	Print
    Name: 		 
	 	 	 
	Title
    (if applicable): 		 
	 	 	 
	Date:
    		 

 

    	 

    	 

    

 

Schedule
3(a)

Subsidiaries
of the Company

 

Pulse Entertainment
Corporation, a Delaware corporation

 

Schedule
3(c)

Outstanding
Options, Warrants, Etc.

 

The
Company plans to create a standard employee incentive stock option plan that will result in dilution to all shareholders by approximately
10% of the total outstanding shares of the company. The amount of stock options, or restricted stock grants, available under the
plan may change, from time to time, at the discretion of the compensation committee of the Board of Directors, as approved by
the full vote of the Board of Directors.

 

Schedule
3(e)

Conflicts

 

None.

 

Schedule
3(f)

Litigation

 

On
May 29, 2014, Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass (the “Plaintiffs”) filed a amended complaint
in the U.S. District Court for the District of Nevada (Case No. 2:14-cv-00772-GMN-NJK). The complaint alleges that Pulse Evolution
Corporation, Pulse Entertainment Corporation, John Textor, Dick Clark Productions, Inc., John Branca and John McClain, as executors
of the Estate of Michael J. Jackson, MJJ Productions, Inc. Musion Events, Ltd. Musion 3D, Ltd., William James Rock and Ian Christopher
O’Connell (collectively, the “Defendants”) infringed on the Plaintiffs’ patent rights in connection with
a musical performance at the 2014 Billboard Music Awards in Las Vegas Nevada featuring an image of the late Michael Jackson. The
complaint seeks an order of the Court temporarily and permanently enjoining the Defendants from carrying out the Michael Jackson
performance, a judgment for infringement, damages, attorneys’ fees and costs. Plaintiffs’ Emergency Motion for Temporary
Restraining Order filed in connection with its May 15, 2014 complaint was denied on May 16, 2014.

 

Schedule
3(k)

Intellectual
Property Rights

 

See Form
8K filed on ______, 2014.

 

On
May 29, 2014, Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass (the “Plaintiffs”) filed a amended complaint
in the U.S. District Court for the District of Nevada (Case No. 2:14-cv-00772-GMN-NJK). The complaint alleges that Pulse Evolution
Corporation, Pulse Entertainment Corporation, John Textor, Dick Clark Productions, Inc., John Branca and John McClain, as executors
of the Estate of Michael J. Jackson, MJJ Productions, Inc. Musion Events, Ltd. Musion 3D, Ltd., William James Rock and Ian Christopher
O’Connell (collectively, the “Defendants”) infringed on the Plaintiffs’ patent rights in connection with
a musical performance at the 2014 Billboard Music Awards in Las Vegas Nevada featuring an image of the late Michael Jackson. The
complaint seeks an order of the Court temporarily and permanently enjoining the Defendants from carrying out the Michael Jackson
performance, a judgment for infringement, damages, attorneys’ fees and costs. Plaintiffs’ Emergency Motion for Temporary
Restraining Order filed in connection with its May 15, 2014 complaint was denied on May 16, 2014.

 

    	 

    	 

    

 

Schedule
3(m)

Title

 

See Form
8K filed on ______, 2014.

 

On
May 29, 2014, Hologram USA, Inc., Musion Das Hologram Limited and Uwe Maass (the “Plaintiffs”) filed a amended complaint
in the U.S. District Court for the District of Nevada (Case No. 2:14-cv-00772-GMN-NJK). The complaint alleges that Pulse Evolution
Corporation, Pulse Entertainment Corporation, John Textor, Dick Clark Productions, Inc., John Branca and John McClain, as executors
of the Estate of Michael J. Jackson, MJJ Productions, Inc. Musion Events, Ltd. Musion 3D, Ltd., William James Rock and Ian Christopher
O’Connell (collectively, the “Defendants”) infringed on the Plaintiffs’ patent rights in connection with
a musical performance at the 2014 Billboard Music Awards in Las Vegas Nevada featuring an image of the late Michael Jackson. The
complaint seeks an order of the Court temporarily and permanently enjoining the Defendants from carrying out the Michael Jackson
performance, a judgment for infringement, damages, attorneys’ fees and costs. Plaintiffs’ Emergency Motion for Temporary
Restraining Order filed in connection with its May 15, 2014 complaint was denied on May 16, 2014.

 

Schedule
3(o)

Tax
Status

 

None.

 

Schedule
3(p)

Certain
Transactions

 

See 10Q
for the period end January 31, 2014

See
Form 8K filed on ______, 2014

 

Schedule
3(q)

Rights
of First Refusal

 

None.

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