Document:

series
c CErtificate of designations

 

CERTIFICATE
OF DESIGNATIONS OF THE

SERIES C CONVERTIBLE PREFERRED STOCK OF

LOGICAL CHOICE CORPORATION

 

PURSUANT
TO SECTION ___

OF THE NEVADA REVISED STATUTES

 

I,
Michael Pope, hereby certify that I am the Chief Financial Officer of Logical Choice Corporation (the “Corporation”),
a corporation organized and existing under the Nevada Revised Statutes, and further do hereby certify:

 

That
pursuant to the authority expressly conferred upon the Board of Directors of the Corporation (the “Board”)
by the Corporation’s Articles of Incorporation, as amended (the “Articles of Incorporation”), the Board
on [  ], 2015, adopted the following resolutions creating a series of preferred stock designated as Series C Convertible
Preferred Stock, none of which have been issued:

 

RESOLVED,
that the Board designates the Series C Convertible Preferred Stock and the number of shares constituting such series, and fixes
the rights, powers, preferences, privileges and restrictions relating to such series in addition to any set forth in the Articles
of Incorporation as follows:

 

TERMS
OF SERIES C CONVERTIBLE PREFERRED STOCK

 

ARTICLE
I DESIGNATION AND NUMBER.

 

1.1
A series of Preferred Stock, designated as Series C Convertible Preferred Stock (“Series C Preferred Stock”),
par value $0.0001 per share, is hereby established. The number of authorized shares of Series C Preferred Stock shall initially
be 270,000 shares (as adjusted, pursuant to Section Article IV, the “Authorized Shares”), and the stated value amount
per share of Series C Preferred Stock shall be $26.98 (the “Stated Value Per Share”). 

 

1.2
Pursuant to the Share Purchase Agreement, the Company acquired a minimum of 82.3% of the issued and outstanding common shares
of Everest Display, Inc. and may acquire additional common shares of Everest Display, Inc.

 

1.3
The Series C Preferred Stock is being issued pursuant to the terms of the Everest Option Agreement. 

 

1.4
As used in this Certificate, the term “Automatic Conversion Shares” shall mean the aggregate number of shares
of Company Class A Common Stock issuable upon the automatic conversion of all of the Series C Preferred Stock into such Common
Stock upon the occurrence of a Liquidity Event; being that number of shares of Common Stock resulting from (a) multiplying the
final percentage of the issued and outstanding common shares of Everest Display, Inc. acquired by the Company by Twenty Million
($20,000,000) Dollars, and (b) dividing the product thereof by the Per Share Price; provided,
that, the Automatic Conversion Shares shall represent not less than 20.575% and not
more than 25.00% of the Fully-Diluted Common Stock of the Corporation.

 

1.5
As used in this Certificate, the term “Everest Option Agreement” shall mean the option agreement, dated as
of [  ], 2015
among the Corporation, K Laser Technology, Inc. and other parties thereto.

 

    	 

    	 

    

 

1.6
As used in this Certificate, the term “Fully-Diluted Common Stock” shall have the same meaning as the definition
of “Fully-Diluted Common Stock of the Parent” as set forth in the Share Purchase Agreement.

 

1.7
As used in this Certificate, the term “Holder” shall mean one or more holder(s) of shares of Series C Preferred
Stock.

 

1.8
As used in this Certificate, the term “Majority Holders” shall mean those persons who were issued a majority
of the shares of Series C Preferred Stock pursuant to the terms of the Everest Option Agreement to the extent that such persons
continue to own capital stock in the Corporation.

 

1.9
As used in this Certificate, the term “Share Purchase Agreement” shall mean the share purchase agreement dated
as of [  ], 2015
among K Laser Technology, Inc., Boxlight Display, Inc., and the other Majority Shareholders
(as defined in the Share Purchase Agreement), the Corporation and Vert Capital Corp.

 

1.10
As used in this Certificate, the term “Liquidity Event” shall have the meaning as such term is defined in the
Share Purchase Agreement.

 

1.11
As used in this Certificate, the term “Market Value” shall have the meaning as such term is defined in the
Share Purchase Agreement.

 

1.12
As used in this Certificate, the term “Per Share Price” shall have the meaning as such term is defined in the
Share Purchase Agreement.

 

1.13
As used in this Certificate, the term “IPO” shall have the meaning as such term is defined in the Share Purchase
Agreement.

 

1.14
The term “Company” as used in the Share Purchase Agreement and in the Option Agreement shall mean the Corporation.

 

ARTICLE
II RANK.
All shares of the Series C Preferred Stock shall rank senior to (i) to the Corporation’s Common Stock, $0.0001 par
value per share, of the Corporation (the “Common Stock”) and any other class of securities which is specifically
designated as junior to the Series C Preferred Stock (collectively, with the Common Stock, the “Junior Securities”);
and (ii) pari passu with any other class or series of Preferred Stock of the Corporation hereafter created specifically
ranking, by its terms, on parity with the Series C Preferred Stock, including without limitation, 2,500,000 shares of Series A
Preferred Stock, $1.00 stated value per share, 1,000,000 shares of Series B Preferred Stock, $1.00 stated value per share and
all other shares of Preferred Stock of the Corporation (other than the Series C Preferred Stock) to be issued in series in connection
with the “Acquisitions” of the “Target Companies,” as those terms are defined in the Everest Option Agreement,
and to any notes, convertible securities or class or series of capital stock of the Corporation (including Preferred Stock) hereafter
issued for the purpose of consummating any public or private financing (collectively, the “Pari Passu Securities”),
in each case as to distribution of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or
involuntary. 

 

ARTICLE
III DIVIDENDS.

 

(a)
The Holders shall be entitled to receive if, at the times set forth in this Section 0, cumulative annual dividends per share
equal to six percent (6%) of the aggregate Liquidation Preference (hereinafter defined) of the issued and outstanding Series C
Preferred Stock. Accrual of such dividends shall be computed on a 365-day basis, and shall be payable in full when the Series
C Preferred Stock is redeemed by the Corporation in the manner provided in paragraph (Article II) below. Such dividends shall
be payable annually each anniversary of the issue date of the Series C Preferred Stock in additional shares of Series C Preferred
Stock, and such dividends shall accrue whether or not declared and regardless of whether there are profits, surplus or
other funds legally available for payment of dividends, and shall be earned or payable from and after the issue date of the Series
C Preferred Stock. All dividends paid with respect to shares of Series C Preferred Stock pursuant to this Section 0 shall
be paid pro rata to the Holders entitled thereto. Dividends on the Series C Preferred Stock may not be declared, paid or set apart
for payment, nor may the Corporation redeem, purchase or otherwise acquire any shares of Series C Preferred Stock, if the Corporation
is not solvent or would be rendered insolvent thereby.

 

    	 

    	 

    

 

(b)
Except as otherwise set forth in this Section 0, the Series C Preferred Stock shall not pay a fixed or other dividend. The
Holders shall, however, be entitled to receive dividends when, as, and if declared by the Board, in an amount which shall be paid
pro rata on the Common Stock and the Series C Preferred Stock, on an equal priority, pari passu basis, according to the
number of shares of Common Stock held by the stockholders, where each Holder is to be treated for this purpose as holding (in
lieu of such shares of Series C Preferred Stock) the greatest whole number of shares of Common Stock then issuable upon conversion
in full of such shares of Series C Preferred Stock. The right to such dividends on shares of Series C Preferred Stock shall not
be cumulative, and no right shall accrue to Holders by reason of the fact that dividends on said shares are not declared in any
period, nor shall any undeclared or unpaid dividend bear or accrue interest.

 

ARTICLE
II LIQUIDATION PREFERENCE. In the event of a merger, sale (of substantially all assets
or stock), any voluntary or involuntary liquidation, dissolution or winding up of the affairs of the Corporation, then, either
(i) simultaneous with any distribution or payment on Pari Passu Securities, and (ii) before any distribution or payment shall
be made to the holders of the Common Stock or any other Junior Securities, each Holder of Series C Preferred Stock then outstanding
shall be entitled to be paid, out of the assets of the Corporation available for distribution to its stockholders, an amount (the
“Liquidation Preference”) equal to (i) the product of (A) the aggregate number of shares of Series C Preferred
Stock then outstanding, (B) the Stated Value Per Share and (C) a multiple of 3.71 plus (ii) any accrued but unpaid dividends.
If the assets of the Corporation are not sufficient to generate cash sufficient to pay in full the Liquidation Preference, then
the Holders of Series C Preferred Stock shall share ratably (together with holders of any Pari Passu Securities) in any distribution
of cash generated by such assets in accordance with the respective amounts that would have been payable in such distribution as
if the amounts to which the Holders of outstanding shares of Series C Preferred Stock are entitled were paid in full.

 

ARTICLE
III VOTING RIGHTS. Each share of Series C Preferred Stock
shall have a number of votes equal to the number of shares of Common Stock then issuable upon conversion of each share of Series
C Preferred Stock. Except as otherwise set forth herein, the Holders shall have no right to vote as a separate class on any matter
submitted to vote by the stockholders of the Corporation, excluding, however, any proposed amendment that would alter any right
given to the Series C Preferred Stock; in which event the Series C Preferred Stock may vote as a separate class with respect to
such amendment. Holders shall be entitled to notice of any stockholders’ meeting in accordance with the Bylaws of the Corporation
and shall vote with holders of the Common Stock upon the election of directors and upon any other matter submitted to a vote of
stockholders. Fractional votes by the Holders shall not, however, be permitted and any fractional voting rights resulting from
the above formula (after aggregating all shares into which shares of Series C Preferred Stock held by each Holder could be converted)
shall be rounded to the nearest whole number (with one-half being rounded upward).

 

    	 

    	 

    

 

ARTICLE
IV CONVERSION.

 

4.1
Conversion Ratio. Each full share of Series C Preferred Stock
shall be convertible into Company Class A Common Stock of the Corporation, at any time, into that number of shares of Company
Class A Common Stock at a conversion ratio per share of Series C Preferred Stock as shall be determined by dividing (A) the number
of Authorized Shares, by (B) that number of shares of Common Stock equal to the number of Automatic Conversion Shares (the “Series
C Conversion Ratio”). Accordingly the initial conversion ratio (the “Conversion Ratio”), shall be determined
by dividing one share of the Series C Preferred Stock by the Series C Conversion Ratio; provided,
that, depending upon the final percentage of the “Existing
Everest Shares” (as defined in the Share Purchase Agreement) that is acquired by the Corporation the number of Conversion
Shares (defined below) and the Series C Conversion Ratio shall result in all of the Conversion Shares having a Market Value of
not less than Sixteen Million Four Hundred and Sixty Thousand ($16,460,000 Dollars, and shall result in all of the Conversion
Shares representing not less than 20.575% of the Fully-Diluted Company Common Stock and not more than 25.0% of the Fully-Diluted
Company Common Stock.

 

For
the avoidance of doubt, in the event and to the extent that the Automatic Conversion Shares shall represent less than 20.575%
of the Fully-Diluted Common Stock (subject to increase, as provided above, if the Corporation acquires in excess of 82.3% of the
Existing Everest Shares under the Share Purchase Agreement), upon the optional or automatic conversion of the Series C Preferred
Stock, the Holders of Series C Preferred Stock shall be entitled to receive, in addition to such Automatic Conversion Shares,
the “Adjustment Shares” as defined in the Everest Option Agreement. In addition, if the product of multiplying
the Per Share Price by the number of Automatic Conversion Shares shall result in a Market Value of less than $16,460,000 (subject
to increase as provided above), the number of Automatic Conversion Shares shall similarly be subject to increase by the issuance
of additional shares of Common Stock.

 

4.2
Optional Conversion. The Holders of shares of Series
C Preferred Stock may, at their option and at any time or from time to time, convert all or any portion of their shares of Series
C Preferred Stock into Common Stock of the Corporation at any time or from time to time (an “Optional Conversion”).
In order to effect an Optional Conversion, a Holder of shares of Series C Preferred Stock shall: (i) fax (or otherwise deliver)
a copy of the fully executed Notice of Conversion to the Corporation (Attention: Secretary) and (ii) surrender or cause to be
surrendered the original certificates representing the Series C Preferred Stock being converted (the “Series C Preferred
Stock Certificates”), duly endorsed, along with a copy of the Notice of Conversion as soon as practicable thereafter
to the Corporation. Upon receipt by the Corporation of a facsimile copy of a Notice of Conversion from a Holder, the Corporation
shall promptly send, via facsimile, a confirmation to such Holder stating that the Notice of Conversion has been received, the
date upon which the Corporation expects to deliver the Common Stock issuable upon such conversion and the name and telephone number
of a contact person at the Corporation regarding the conversion. The Corporation shall not be obligated to issue shares of Common
Stock upon a conversion unless either the Series C Preferred Stock Certificates are delivered to the Corporation as provided above,
or the Holder notifies the Corporation that such Series C Preferred Stock Certificates have been lost, stolen or destroyed and
delivers the documentation to the Corporation.

 

4.3
Automatic Conversion. Notwithstanding anything to the contrary contained herein,
express or implied, but subject at all times to the adjustment provisions of Section 6.4 below, immediately following the occurrence
of (i) a Liquidity Event and (ii) the exercise of the Option (as defined in the Option Agreement), all, and not less than all,
of the then issued and outstanding shares of Series C Preferred Stock shall automatically, and without any further action on the
part of the Corporation or the Holder, be converted (an “Automatic Conversion”) into that number of Automatic Conversion
Shares having an aggregate Market Value of not less than $16,640,000, less the aggregate number of shares of Common Stock
previously issued in connection with any one or more Optional Conversions contemplated by Section 4.2 above. Each Holder
of Series C Preferred Stock shall be entitled to receive his, her or its pro-rata portion of the Automatic Conversion Shares determined
by the amount by which the number of shares of Common Stock into which all of such Holder’s shares of Series C Preferred
Stock may be converted pursuant to the Conversion Ratio, bears to the total number of Automatic Conversion Shares. 

 

    	 

    	 

    

 

Adjustment
for Reclassification, Exchange, and Substitution. If at any
time or from time to time after the date upon which the first share of Series C Preferred Stock was issued by the Corporation
(the “Original Issue Date”), the shares of Company Class A Common Stock issuable upon the conversion of the
Series C Preferred Stock shall be changed into the same or a different number of shares of any class or classes of stock, whether
by recapitalization, reclassification, reorganization, merger, exchange, consolidation, sale of assets or otherwise, then, in
any such event, Holders shall have the right thereafter to convert such stock into the kind and amount of stock and other securities
and property receivable upon such recapitalization, reclassification, reorganization, merger, exchange, consolidation, sale of
assets or other change by a holder of the number of shares of Company Class A Common Stock into which such shares of Series C
Preferred Stock could have been converted immediately prior to such recapitalization, reclassification, reorganization, merger,
exchange, consolidation, sale of assets or other change, or with respect to such other securities or property by the terms thereof.

 

4.5
Adjustment Upon Common Stock Event.
In the event that a Common Stock Event occurs at any time or from time to time after the Original Issue Date, the aggregate number
of shares of Common Stock into which the Series C Preferred Stock may be converted (the “Conversion Shares”)
in effect immediately prior to such event shall, simultaneously with the occurrence of such Common Stock Event, shall be proportionately
decreased or increased, as appropriate. The Conversion Shares shall be readjusted in the same manner upon the happening of each
subsequent Common Stock Event. As used herein, the term “Common Stock Event” shall mean: (a) the declaration
or payment of any dividend or other distribution on the Common Stock, without consideration, payable to one or more stockholders
in additional shares of Company Class A Common Stock or other securities or rights convertible into, or entitling the holder thereof
to receive, directly or indirectly, additional shares of Common Stock; (b) a subdivision (by stock split, reclassification or
otherwise) of the outstanding shares of Common Stock into a greater number of shares of Common Stock; or (c) a combination or
consolidation (by reverse stock split) of the outstanding shares of Common Stock into a smaller number of shares of Common Stock.

 

4.6
Adjustment of Series C Conversion Price Upon Issuance of Additional
Shares of Common Stock. In the event the Corporation shall,
at any time after the Original Issue Date and prior to a Liquidity Event, issue additional shares of Company Class A Common Stock
or Preferred Stock that is convertible into shares of Common Stock, then the Series C Conversion Price and the Conversion Ratio
shall be adjusted concurrently with such issue, so that the Series C Preferred Stock shall continue to represent not less than
twenty percent (20%) of the Fully-Diluted Common Stock of Company.

 

4.8
Reservation of Stock Issuable Upon Conversion.
The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Company Class A Common
Stock, solely for the purpose of effecting the conversion of the shares of the Series C Preferred Stock such number of its shares
of Company Class A Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of
the Series C Preferred Stock; and if at any time the number of authorized but unissued shares of Company Class A Common Stock
shall not be sufficient to effect the conversion of all then outstanding shares of the Series C Preferred Stock, the Corporation
will take such corporate action as may, in the opinion of its counsel, be necessary to increase its authorized but unissued shares
of Company Class A Common Stock to such number of shares as shall be sufficient for such purpose, including, without limitation,
engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to the Corporation’s Articles
of Incorporation.

 

    	 

    	 

    

 

4.9
Fractional Shares.
No fractional share shall be issued upon the conversion of any share or shares of Series C Preferred Stock. All shares of Common
Stock (including fractions thereof) issuable upon conversion of more than one share of Series C Preferred Stock by a Holder thereof
shall be aggregated for purposes of determining whether the conversion would result in the issuance of any fractional share.

 

ARTICLE
V NO REISSUANCE OF SERIES C PREFERRED STOCK. No share or shares of Series C Preferred Stock acquired by the
Corporation by reason of redemption, purchase, conversion or otherwise shall be reissued, and all such shares shall be canceled,
retired and eliminated from the shares which the Corporation shall be authorized to issue.

 

ARTICLE
VI REDEMPTION.  The Series C Preferred Stock is not redeemable.

 

ARTICLE
VII NOTICE. Except as may otherwise be provided for herein, all notices referred
to herein shall be in writing, and all notices hereunder shall be deemed to have been given upon the earlier of receipt of such
notice or four business days after the mailing of such notice, if sent by registered mail, with postage pre-paid, addressed: (1)
if to the Corporation, to the attention of its corporate secretary or to an agent of the Corporation designated as permitted by
the Corporation’s Articles of Incorporation, as amended; (2) if to any Holder, to such Holder at the address of such Holder
as listed in the stock record books of the Corporation (which may include the records of the Corporation’s transfer agent);
or (3) to such other address as the Corporation or Holder, as the case may be, shall have designated by notice similarly given.

 

ARTICLE
VIII AMENDMENT. This Certificate of Designation or any
provision hereof may be amended by obtaining the affirmative vote at a meeting duly called for such purpose, or written consent
without a meeting in accordance with the Nevada Revised Statutes, of (i) a majority of the outstanding Series C Preferred Stock,
voting separate as a single class, and (ii) with such other stockholder approval, if any, as may then be required pursuant to
the Nevada Revised Statutes and the Articles of Incorporation.

 

ARTICLE
IX LIMITATION ON TRANSFER.

 

9.1
The, sale, offer to sell, contract to sell, assignment, pledge, hypothecation, encumbrance
or other transfer (collectively, “Transfer”), directly or indirect, by any Holder or holder of the Conversion Shares
issuable upon conversion of such shares of Series C Preferred Stock, including (i) the use of the any shares of Series C Preferred
Stock or Conversion Shares (collectively, “Capital Stock”) as collateral for any borrowing, or (ii) the granting of
purchase options to any other person or entity, shall be prohibited until 180 days from the date of this Certificate of Designation;
provided, however, that a Transfer by a holder of Capital Stock (a “Capital Stock Holder”), (certified by such
Capital Stock Holder to the Corporation that such Transfer is for estate planning purposes), to (A) an immediate family member
(child, sibling, spouse or Company); (B) a trust, corporation, partnership, limited partnership or limited liability Corporation
that is an “affiliate” (at that term is defined in Rule 405 promulgated under the Securities Act of 1933, as amended)
of such Capital Stock Holder; or (C) in the case of a Capital Stock Holder that is an entity, stockholders, members, partners
or other equity holders of such Capital Stock Holder shall be permitted. To the extent of any permitted Transfer, the transferee
of such transferred Capital Stock shall acquire the same subject to the provisions set forth herein. 

 

9.2
In the event of any stock dividend, stock split, recapitalization, or other change affecting
the Corporation’s outstanding Common Stock effected without receipt of consideration, then any new, substituted, or additional
securities distributed to a Holder with respect to Capital Stock shall be immediately subject to the provisions of this Section Article
IX, to the same extent the Capital Stock is at such time covered by such provisions.

 

    	 

    	 

    

 

9.3
In addition to any restrictive legend required under Rule 144, the certificate for each
share of Series C Preferred Stock and Conversion Shares shall contain the following legend: 

 

“Except
in limited circumstances, the sale, offer to sell, contract to sell, assignment, pledge, hypothecation, encumbrance or other transfer
(collectively, “Transfer”) of the shares represented by this certificate are restricted in accordance with
the provisions of the Certificate of Designations of the Series C Preferred Stock, dated January __, 2015, a copy of which is
available at the offices of the Corporation.”

 

9.4
Any purported Transfer of any of the Capital Stock that is not in accordance with this Section
Article IX shall be null and void, and shall not operate to transfer any right, title or interest in such Capital Stock to the
purported transferee. Each Holder of Capital Stock agrees that the Corporation shall be entitled to prohibit the Transfer of any
Capital Stock to be made on its books unless the Transfer is permitted hereunder and has been made in accordance herewith. 

 

ARTICLE
X PROTECTIVE PROVISIONS.

 

So
long as any shares of Series C Preferred Stock are outstanding, the Corporation shall not, nor shall it permit any of its subsidiaries
to, take or agree to take any of the following corporate actions (whether by merger, consolidation or otherwise) without first
obtaining the approval (by vote or written consent) of the Holders of a majority of the issued and outstanding Series C Preferred
Stock (the “Series C Majority Holders”):

 

10.1
alter or change the rights, preferences or privileges of the Series C Preferred Stock, or
increase the authorized number of shares of Series C Preferred Stock in excess of 270,000 Shares; or

 

10.2
issue any shares of Series C Preferred Stock to Persons, other than to Option Holders pursuant
to the Option Agreement; or create or authorize the creation of or issue any shares of Preferred Stock or any other security convertible
or exercisable for any equity security having rights, preferences or privileges senior to or on parity with the Series C Preferred
Stock.

 

ARTICLE
XI CO-SALE RIGHTS.

 

11.1
If a Holder proposes to sell any shares of its Series C Preferred Stock (the “Selling
Holder”) then the Selling Holder shall promptly give written notice (the “Notice”) to each of the other Holders
at least 30 days prior to the closing of such sale. The Notice shall describe in reasonable detail the proposed sale including,
without limitation, the number of shares of Series C Preferred Stock to be transferred, the nature of such sale, the consideration
to be paid, and the name and address of each prospective purchaser or transferee.

 

    	 

    	 

    

 

11.2
Each other Holder (the “Participating Holder”) shall have the right, exercisable
upon written notice to such Selling Holder within 15 days of the Notice, to participate in such sale of Series C Preferred Stock
on the same terms and conditions. Such notice shall indicate the number of shares of Series C Preferred Stock such Participating
Holder wishes to sell.

 

(a)
Each Participating Holder shall effect its participation in the sale by promptly delivering to such Selling Holder for transfer
to the prospective purchaser one or more certificates, properly endorsed for transfer, which represent the number of shares of
Series C Preferred Stock which such Participating Holder elects to sell.

 

(b)
The stock certificate or certificates that the Participating Holder delivers to such Selling Holder shall be transferred to the
prospective purchaser in consummation of the sale of the Series C Preferred Stock pursuant to the terms and conditions specified
in the Notice, and the Selling Holder shall concurrently therewith remit to such Participating Holder that portion of the sale
proceeds to which such Participating Holder is entitled by reason of its participation in such sale. To the extent that any prospective
purchaser or purchasers prohibits such assignment or otherwise refuses to purchase shares or other securities from a Participating
Holder exercising its rights of co-sale hereunder, such Selling Holder shall not sell to such prospective purchaser or purchasers
any Series C Preferred Stock held by Selling Holder unless and until, simultaneously with such sale, such Selling Holder shall
purchase such shares or other securities from such Participating Holder on the same terms and conditions specified in the Notice.

 

(c)
To the extent that the Participating Holders do not elect to participate in the sale of the Series C Preferred Stock held by such
Selling Holder subject to the Notice, such Selling Holder may enter into an agreement providing for the closing of the sale of
such Series C Preferred Stock within thirty (30) days of such agreement on terms and conditions not materially more favorable
to the transferor than those described in the Notice. Any proposed sale on terms and conditions materially more favorable than
those described in the Notice, as well as any subsequent proposed sale of any of the Series C Preferred Stock by a Selling Holder,
shall again be subject to the co-sale rights of the Participating Holders and shall require compliance by a Selling Holder with
the procedures described in this Section 13.

 

ARTICLE
XII MISCELLANEOUS.

 

12.1
Cancellation of Series C Preferred Stock.
If any shares of Series C Preferred Stock are converted pursuant to this Certificate of Designations, the shares so converted
or redeemed shall be canceled, shall return to the status of authorized, but unissued Series C Preferred Stock of no designated
series, and shall not be issuable by the Corporation as Series C Preferred Stock.

 

12.2
Lost or Stolen Certificates.
Upon receipt by the Corporation of (i) evidence of the lost, theft, destruction or mutilation of any Series C Preferred Stock
Certificate(s) and (ii) (y) in the case of loss, theft or destruction, indemnity (without any bond or other security) reasonably
satisfactory to the Corporation, or (z) in the case of mutilation, the Series C Preferred Stock Certificate(s) (surrendered for
cancellation), the Corporation shall execute and deliver new Series C Preferred Stock Certificate(s) of like tenor and date. However,
the Corporation shall not be obligated to reissue such lost, stolen, destroyed or mutilated Series C Preferred Stock Certificate(s)
if the Holder contemporaneously requests the Corporation to convert such Series C Preferred Stock.

 

    	 

    	 

    

 

12.3
Waiver.
Notwithstanding any provision in these Certificate of Designations to the contrary, any provision contained herein and any right
of the Holders of Series C Preferred Stock granted hereunder may be waived as to all shares of Series C Preferred Stock (and the
Holders thereof) upon the written consent of the Series C Majority Holders, unless a higher percentage is required by applicable
law, in which case the written consent of the Holders of not less than such higher percentage of shares of Series C Preferred
Stock shall be required.

 

12.4
Information Rights.
So long as shares of Series C Preferred Stock are outstanding, the Corporation will deliver to each Holder of Series C Preferred
Stock (i) unaudited annual financial statements to the Holders of Series C Preferred Stock within 90 days after the end of each
fiscal year; (ii) and unaudited quarterly financial statements within 45 days of the end of each fiscal quarter. Notwithstanding
the foregoing in the event and to the extent that such information is electronically available on the web site of the Securities
and Exchange Commission (www.sec.gov), the Corporation need not separately furnish such documents to Holders of the Series
C Preferred Stock.

 

Balance
of this page intentionally left blank – signature page follows

 

    	 

    	 

    

 

The
undersigned declares under penalty of perjury under the laws of the State of Nevada that the matters set forth in this certificate
are true and correct of his own knowledge.

 

The
undersigned has executed this certificate on [  ], 2015.

 

	 	LOGICAL CHOICE CORPORATION 
	 	 	 
	 	By:	 
	 	Name:	Mark
    Elliott
	 	Title:	Chief
    Executive OfficerWARRANT
TO PURCHASE COMMON STOCK

OF LOGICAL CHOICE CORPORATION

 

Date:
November 7, 2014

 

This
certifies that VERT CAPITAL CORP., a Delaware corporation (“Vert”), or registered assigns, is the registered
holder of the Warrant (this “Warrant”) represented by this Warrant Certificate (this “Warrant Certificate”),
which entitles Vert or any subsequent holder of this Warrant (each a “Holder”), subject to the provisions contained
herein, to purchase from LOGICAL CHOICE CORPORATION, a Nevada corporation  (the “Company”), such
number of shares of common stock of the Company, par value $0.0001 per share (“Common Stock”), as set forth
in Section 2.1 herein, subject to adjustment upon the occurrence of certain events specified herein, at the Exercise Price of
one hundred and ten (110%) percent of the IPO Price or APO Trading Price (as defined), subject to adjustment upon the occurrence
of certain events specified herein.

 

This
Warrant is subject to the following terms and conditions:

 

1.DEFINITIONS.

 

As
used in this Warrant, the following terms shall have the following meanings:

 

Alternative
Public Company: means any publicly traded corporation listed on a Recognized Securities Exchange that is a party to an APO
transaction with the Company.

 

APO:
means a reverse merger or alternative public offering, in which either (a) the Company shall be merged with a newly formed
subsidiary of a Public Company, with the Company as the surviving corporation of such merger, pursuant to which the holders of
Company Common Stock and other Company securities shall receive a majority of the Common Stock and securities of the Alternative
Public Company, or (b) shares of Company Common Stock and other outstanding Company securities shall be exchanged for securities
of the Alternative Public Company.

 

APO
Trading Price:the volume weighted average price per share of shares of Company Common Stock, as traded on any Recognized
Securities Exchange for the twenty (20) consecutive Trading Days immediately following an APO.

 

Board:
the board of directors of the Company.

 

Business
Day: any day that is not a day on which banking institutions are authorized or required to be closed in the jurisdiction in
which the principal office of the Company is located.

 

Cashless
Exercise: the meaning set forth in Clause (1) of Section 2.4.

 

    	 

    	 

    

 

Closing:
the closing of the transactions contemplated by the Registration Statement.

 

Common
Stock: the voting Common Stock, par value $0.0001 per share, of the Company or the Alternative Pubiic Company, as applicable.

 

Company:
Logical Choice Corporation, a Nevada corporation.

 

Company
Formation Documents: the Amended and Restated Articles of Incorporation of the Company, dated September 24, 2014, as filed
with the Secretary of State of the State of Nevada, as the same may be amended from time to time..

 

Effective
Date:the date that the Registration Statement shall be declared effective by the SEC.

 

Effective
Issuance Price: the meaning set forth in Section 4.6.

 

Excess
Tender Amount: the meaning set forth in Section 4.3.

 

Exchange
Act: the Securities Exchange Act of 1934, as amended.

 

ex-date:
when used with respect to any issuance or distribution, means the first Business Day after the record date, provided that
if the Common Stock is then traded on a Recognized Securities Exchange (for the avoidance of doubt, for purposes of this Warrant
and any related agreements, including Nasdaq) it shall mean the first date on which the Common Stock trade regular way on the
relevant exchange or in the relevant market from which the Fair Market Value was obtained without the right to receive such issuance
or distribution.

 

Exercise
Date: the meaning set forth in Section 2.2.

 

Exercise
Price: the meaning set forth in Section 2.1.

 

Expiration
Date: the meaning set forth in Section 2.3.

 

Fair
Market Value:

 

(i)In
the case of Common Stock means the amount which a willing buyer would pay a willing seller in an arm’s-length transaction
for one share of such Common Stock, as determined by the Board in good faith, provided that if the Common Stock is then
traded on a Recognized Securities Exchange, it shall mean the closing sale price of such security (or, if no closing sale price
is reported, the average of the closing bid and ask prices or, if more than one in either case, the average of the average closing
bid and the average closing ask prices) on such date as reported in composite transactions on the BSX or other Recognized Securities
Exchange on which the Common Stock is then traded.

 

(ii)In
the case of cash, the amount thereof.

 

(iii)In
the case of other property, the amount which a willing buyer would pay a willing seller in an arm’s-length transaction for
such property, as determined by the Board in good faith.

 

    	 

    	 

    

 

Fully
Diluted Basis: on the Effective Date of the Registration Statement or consummation of the APO, the aggregate number of shares
of Common Stock that would be outstanding after giving effect to the conversion, exchange or exercise of this Warrant and all
other outstanding securities of the Company or the Alternative Public Company that are convertible or exchangeable into Common
Stock, and the exercise of all outstanding Rights to Purchase Common Stock, in each case, whether or not presently convertible,
exchangeable or exercisable.

 

Holder:
from time to time, the holder(s) of this Warrant.

 

IPO:
the initial public offering of Common Stock of the Company pursuant to a Registration Statement and prospectus declared effective
by the SEC.

 

IPO
Price: the initial price per share set forth in the prospectus included in the Registration Statement under which Common Stock
of the Company is offered to the public in connection with the IPO.

 

Nasdaq:the
Nasdaq Stock Exchange.

 

Person:
any individual, corporation, partnership, joint venture, association, joint stock company, trust, unincorporated organization
or government or any agency or political subdivision thereof.

 

Premium
Per Pro Forma Share: the meaning set forth in Section 4.3.

 

Qualifying
Employee Stock: the meaning set forth in Section 4.5.

 

Recognized
Securities Exchange. any one of the Nasdaq, the New York Stock Exchange, the NYSE:Amex, the OTC Markets, or any other United
States or any foreign stock exchange that constitutes the principal securities exchange on which the Common Stock is then traded.

 

Registration
Statement:a registration statement on Form S-1 (or other applicable form for registering securities under the Securities
Act) as filed by the Company with the SEC in connection with the IPO.

 

Registrable
Securities: means this Warrant and the Common Stock issuable under this Warrant. Registrable Securities shall continue to
be Registrable Securities (whether they continue to be held by Vert or they are sold to other Persons) until (i) they are sold
outside of the United States in accordance with the rules and regulations of the BSX, (ii) pursuant to an effective registration
statement under the Securities Act or (iii) they shall have otherwise been transferred (including pursuant to Rule 144 under the
Securities Act)and new securities not subject to transfer restrictions under any federal securities laws and not bearing any legend
restricting further transfer shall have been delivered by the Company, all applicable holding periods shall have expired, and
no other applicable and legally binding restriction on transfer by the holder thereof shall exist.

 

    	 

    	 

    

 

Reorganization
Event: the meaning set forth in Section 4.4.

 

Rights
to Purchase Securities: means options, warrants and rights issued by the Company or the Alternative Public Company (whether
presently exercisable or not) to purchase Common Stock that are convertible or exchangeable (whether presently convertible or
exchangeable or not) into or exercisable (whether presently exercisable or not) for Voting Securities but, for the avoidance of
doubt, not including a shareholders rights plan.

 

sale:
the meaning set forth in Section 2.5.

 

Securities
Act: the Securities Act of 1933, as amended.

 

Underlying
Common Stock: the Common Stock issuable or issued upon the exercise of this Warrant.

 

Voting
Securities: means the Common Stock and any other securities of the Company or the Alternative Public Company having power
generally to vote in the election of members of the Board.

 

2.
EXERCISE PRICE; EXERCISE OF WARRANT AND EXPIRATION OF WARRANT.

 

2.1.Exercise
Price. Subject to the terms of this Warrant, including all of the adjustment provisions hereof, the Holder hereof shall be
entitled upon exercise of this Warrant to purchase an aggregate of FIVE MILLION (5,000,000) shares of Underlying Common Stock
upon exercise the Warrant made on or prior to the date of exercise hereof, at an exercise price (the “Exercise Price”)
equal to one hundred and ten (110%) percent of either:

 

(1)
the IPO Price; or 

 

(2)
the APO Trading Price

 

as
applicable.

 

2.2.Exercise
of Warrant. This Warrant shall be exercisable in whole or in part from time to time on any Business Day (each, an “Exercise
Date”) beginning on the date hereof and ending on the Expiration Date, in the manner provided for herein, provided
that the Holder shall provide notice to the Company of such Exercise Date at least 10 days prior to such Exercise Date,
which notice requirement may be waived by the Company in its sole discretion.

 

    	 

    	 

    

 

2.3.Expiration
of Warrants. This Warrant shall expire and the rights of the Holder of this Warrant to purchase Underlying Common Stock shall
terminate at the close of business on December 31, 2019 (the “Expiration Date”).

 

2.4.Method
of Exercise; Payment of Exercise Price. In order to exercise this Warrant, the Holder hereof must surrender this Warrant to
the Company, with the form on the reverse of or attached to this Warrant duly executed. With respect to payment of the Exercise
Price, the Holder shall have two options: 

 

(1)
having the Company withhold, from the total number of Common Stock that would otherwise be delivered to the Holder upon such exercise,
that lower number of Common Stock issuable upon exercise of this Warrant with an aggregate Fair Market Value as of the last Business
Day prior to such exercise equal to a purchase price for such Common Stock that would otherwise be payable by Holder upon such
exercise based upon the Exercise Price then in effect (a “Cashless Exercise”), or

 

(2)
payment in full of the Exercise Price then in effect for the shares of Underlying Common Stock as to which this Warrant is submitted
for exercise.

 

To
the Extent that the Holder shall elect to exercise this Warrant through a Cashless Exercise, the Holder shall be entitled to receive
a certificate for the number of Common Stock equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A) =	the closing price of the
    Class B Common Stock on the Trading Day immediately preceding the date on which Holder elects to exercise this Warrant by
    means of a “cashless exercise,” as set forth in the applicable Notice of Exercise;
	 	 	 
	 	(B) =	the Exercise Price of this Warrant,
    as adjusted hereunder; and
	 	 	 
	 	(X) =	the number of Warrant Shares that would
    be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if such exercise were by means of a
    cash exercise rather than a cashless exercise.

 

Any
such payment of the Exercise Price pursuant to clause (2) above shall be payable in cash or other same-day funds. Upon the surrender
of this Warrant following one or more partial exercises, unless this Warrant has expired, a new Warrant of the same tenor representing
the number of shares of Underlying Common Stock, if any, with respect to which this Warrant shall not then have been exercised,
shall promptly be issued and delivered to the Holder.

 

    	 

    	 

    

 

Upon
surrender of this Warrant in conformity with the foregoing provisions, the Company shall instruct its transfer agent to transfer
to the Holder of such Warrant appropriate evidence of ownership of any shares of Underlying Common Stock or other securities or
property (including any money) to which the Holder is entitled, registered or otherwise placed in, or payable to the order of,
such name or names as may be directed in writing by the Holder, and shall deliver such evidence of ownership and any other securities
or property (including any money) to the Person or Persons entitled to receive the same, together with an amount in cash in lieu
of any fraction of a share as provided in Section 4.7. Upon payment of the Exercise Price therefor, a Holder shall be deemed to
own and have all of the rights associated with any Underlying Common Stock or other securities or property (including money) to
which it is entitled pursuant to this Warrant upon the surrender of this Warrant in accordance herewith. If the Holder shall direct
that such securities be registered in a name other than that of the Holder, such direction shall be tendered in conjunction with
a signature guarantee from an eligible guarantor institution participating in a signature guarantee program approved by the Securities
Transfer Association, and any other reasonable evidence of authority that may be required by the Company.

 

Notwithstanding
the foregoing or anything else to the contrary contained herein, in lieu of (and in full satisfaction of the Company’s obligation
with respect to) the issuance of shares of Underlying Common Stock contemplated by this Section 2.4, and in lieu of (and in full
satisfaction of the Holder’s obligation with respect to) the payment of the Exercise Price as contemplated by this Section
2.4, if the Holder so indicates on the duly executed form on the reverse of or attached to this Warrant when exercising this Warrant,
the Company shall deliver to the Holder an amount in cash equal to the excess of the aggregate Fair Market Value of such shares
of Underlying Common Stock as of the last Business Day prior to such exercise minus the aggregate Exercise Price that would otherwise
be payable under this Section 2.4.

 

2.5.Compliance
with the Securities Laws.

 

(a)This
Warrant may not be exercised (and the Company shall be under no obligation to process any exercise), and no Underlying Common
Stock may be sold, transferred pledged,, hypothecated, or otherwise disposed of (any such sale, transfer or other disposition,
a “Transfer”), except in compliance with this Section 2.5.

 

(b)A
Holder may exercise this Warrant if it or he is either a “Qualified Investor” within the meaning of Regulation 1.7
of Section I of the Listing Regulations of BSX, or  an “accredited investor” or a “qualified institutional buyer,”
as defined in Regulation D and Rule 144A under the Securities Act, respectively. The Holder may Transfer this Warrant or any and
all of his or its Underlying Common Stock to either (i) a transferee that is a non-U.S. resident and (if required by the rules
of the BSX) is a Qualified Investor, (ii) a transferee that is an “accredited investor” or a “qualified institutional
buyer,” as such terms are defined in Regulation D and Rule 144A under the Securities Act, respectively, or (iii) any transferee
if the Underlying Common Stock have been registered for resale under the Securities Act.

 

(c)In
addition to the foregoing, a Holder may exercise this Warrant and may Transfer this Warrant or his or its Underlying Common Stock
Securities in accordance with Regulation S under the Securities Act or in any transaction that is registered under the Securities
Act.

 

    	 

    	 

    

 

3.REGISTRATION
RIGHTS.

 

3.1.Registration.
If at any time the Company registers or intends to register under the Securities Act, any Common Stock, Rights to Purchase Securities
or any other securities convertible, exchangeable or exercisable for Common Stock or other Voting Securities on a registration
statement under the Securities Act, or grants any demand or piggyback registration rights to any other holder of Common Stock,
Rights to Purchase Securities or any other securities convertible, exchangeable or exercisable for Common Stock or shares of Voting
Securities, the Company shall offer to the Holder of this Warrant to register the Registrable Securities of such Holder on no
less favorable terms and conditions and/or enter into an agreement on customary terms and conditions with the Holder of this Warrant
granting to such Holder pari passu registration rights with respect to the Registrable Securities of such Holder, as applicable.

 

4.ADJUSTMENTS.

 

4.1.Adjustments
upon Certain Transactions.

 

(a)The
Exercise Price and the number of Common Stock issuable upon exercise of this Warrant shall be adjusted in the event the Company
(i) pays a dividend or makes any other distribution with respect to any of its Common Stock solely in Common Stock or Common Stock,
(ii) subdivides its outstanding Common Stock or Common Stock, or (iii) combines its outstanding Common Stock or Common Stock into
a smaller number of shares. In such event, the number of Common Stock issuable upon exercise of this Warrant immediately prior
to the record date of such dividend or distribution or the effective date of such subdivision or combination shall be adjusted
so that the Holder of this Warrant shall thereafter be entitled to receive the number of Common Stock that such Holder would have
owned or have been entitled to receive after the happening of any of the events described above, had the Warrant been exercised
immediately prior to the happening of such event or any record date with respect hereto.

 

In
addition, upon an adjustment pursuant to this Section 4.1, the Exercise Price for each share of Common Stock payable upon exercise
of this Warrant shall be adjusted (without rounding) so that it shall equal the product of the Exercise Price immediately prior
to such adjustment multiplied by a fraction, the numerator of which shall be the number of Common Stock issuable upon the exercise
of this Warrant immediately prior to such adjustment, and the denominator of which shall be the number of Common Stock so issuable
immediately thereafter. Such adjustment shall become effective immediately after the effective date of such event retroactive
to the record date, if any, for such event.

 

    	 

    	 

    

 

(b)For
avoidance of doubt, the adjustment contemplated by this section can be expressed by formula as follows:

 

Ub
= shares underlying this Warrant before the adjustment

Ua
= shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

Ob
= shares outstanding before the transaction in question

Oa
= shares outstanding after the transaction in question

Ua
= Ub x Oa / Ob

Pa
= Pb x Ob / Oa

 

4.2.Dividends
and Distributions. 

 

(a)If
the Company shall fix a record date for the payment of a dividend or the making of a distribution with respect to any of its Common
Stock, including Common Stock and/or Common Stock (other than one covered by Section 4.1), then the Exercise Price to be in effect
after the record date for such dividend or distribution shall be determined (without rounding) by multiplying (x) the Exercise
Price in effect immediately prior to such record date by (y) a fraction, the numerator of which shall be the Fair Market Value
per share of Common Stock as of the last Business Day (or, if the Common Stock is then traded on a Recognized Securities Exchange,
the last trading day) before the ex-date less the Fair Market Value of the cash, securities (excluding Common Stock that is the
same class of securities for which this Warrant would be exercisable immediately after such distribution or dividend taking into
account the adjustments pursuant to this Article 4) or other property paid per share in such dividend or distribution, and the
denominator of which shall be the Fair Market Value per share of Common Stock as of the last Business Day (or, if the Common Stock
is then traded on a Recognized Securities Exchange, the last trading day) before the ex-date. Upon any adjustment of the Exercise
Price pursuant to Section 4.2(a)(2), the total number of Common Stock purchaseable upon the exercise of this Warrant shall be
such number of shares (calculated to the nearest thousandth) purchaseable immediately prior to such adjustment multiplied by a
fraction, the numerator of which shall be the Exercise Price in effect immediately before such adjustment and the denominator
of which shall be the Exercise Price in effect immediately after such adjustment.

 

(b)For
avoidance of doubt, the adjustment contemplated by Section 4.2(a)(2) can be expressed by formula as follows:

 

Ub
= shares underlying this Warrant before the adjustment

Ua
= shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

M
= Fair Market Value per share of Common Stock as of the last Business Day (or, if applicable, trading day) before ex-date

D
= Fair Market Value of the dividend or distribution made per share of Common Stock

Ua
= Ub x M / (M – D) Pa = Pb x (M – D) / M

 

    	 

    	 

    

 

4.3.Tender
Offers. If a publicly-announced tender offer made by the Company or any of its subsidiaries for all or any portion of the
Common Stock shall expire and tendering holders of Common Stock is paid aggregate consideration having a Fair Market Value when
paid which exceeds the aggregate Fair Market Value of the Common Stock acquired in such tender offer as of the last Business Day,
or, if applicable, trading day before the date on which such tender offer is first publicly announced (such excess, the “Excess
Tender Amount”), then the Exercise Price to be in effect after the tender offer expires shall be determined (without
rounding) by multiplying (x) the Exercise Price in effect immediately prior to such adjustment by (y) a fraction, the numerator
of which shall be the Fair Market Value per share of the Common Stock as of the last trading day before the date on which such
tender offer is first publicly announced less the Premium Per Pro Forma Share, and the denominator of which shall be the Fair
Market Value per share of Common Stock as of the last Business Day, or, if applicable, trading day before the date on which such
tender offer is first publicly announced. As used herein, “Premium Per Pro Forma Share” means (x) the Excess Tender
Amount divided by (y) the number of Common Stock outstanding at expiration of the tender offer after giving pro forma effect to
the purchase of shares in the tender offer. Upon any adjustment of the Exercise Price pursuant to this Section 4.3, the total
number of Common Stock purchaseable upon the exercise of this Warrant shall be such number of shares (calculated to the nearest
thousandth) purchaseable immediately prior to such adjustment multiplied by a fraction, the numerator of which shall be the Exercise
Price in effect immediately before such adjustment and the denominator of which shall be the Exercise Price in effect immediately
after such adjustment. For avoidance of doubt, the adjustment contemplated by this section can be expressed by formula as follows:

 

Ub
= shares underlying this Warrant before the adjustment

Ua
= shares underlying this Warrant after the adjustment

Pb
= exercise price per share before the adjustment

Pa
= exercise price per share after the adjustment

M
= Fair Market Value per share of Common Stock as of the last Business Day (or, if applicable, trading day) before the tender offer
is announced

E
= Excess Tender Amount (the aggregate premium paid in the tender offer) Pr = Premium Per Pro Forma Share

Oa
= Shares outstanding after giving effect to tender offer

Pr
= E / Oa

Ua
= Ub x M / (M – Pr) Pa = Pb x (M – Pr) / M

 

    	 

    	 

    

 

4.4.Consolidation,
Merger or Sale. If any consolidation, merger or similar extraordinary transaction of the Company with another entity, or the
sale of all or substantially all of its assets, or any recapitalization or reclassification of the Common Stock, shall be effected
(a “Reorganization Event”), and in connection with such Reorganization Event, the Common Stock shall be converted
into or exchanged for or become the right to receive cash, securities or other property, then, as a condition of such Reorganization
Event, lawful and adequate provisions shall be made by the Company whereby the Holder of this Warrant shall thereafter have the
right to purchase and receive on exercise of this Warrant, for an aggregate price equal to the aggregate Exercise Price for all
of the Underlying Common Stock underlying this Warrant as in effect immediately before such transaction (subject to adjustment
thereafter as contemplated by the succeeding sentence), the same kind and amount of cash, securities or other property as it would
have had the right to receive if it had exercised this Warrant immediately before such transaction and been entitled to participate
therein. In the event of any such Reorganization Event, the Company shall make appropriate provision to ensure that applicable
provisions of this Warrant (including, without limitation, the provisions of this Article 4) shall thereafter be binding on the
other party to such transaction (or the successor in such transaction) and applicable to any securities thereafter deliverable
upon the exercise of this Warrant. The Company will not effect any such Reorganization Event unless, prior to the consummation
thereof, the successor entity (if other than the Company) resulting from such Reorganization Event or the entity purchasing such
assets shall assume by written instrument reasonably satisfactory in form and substance to the Holder of this Warrant, executed
and mailed or delivered to the Holder at the last address of such Holder appearing on the books of the Company, the obligation
to deliver the cash, securities or property deliverable upon exercise of this Warrant. The Company shall notify the Holder of
this Warrant of any such proposed Reorganization Event reasonably prior to the consummation thereof so as to provide such Holder
with a reasonable opportunity prior to such consummation to exercise this Warrant in accordance with the terms and conditions
hereof; provided, however, that in the case of a transaction which requires notice to be given to the holders of Common Stock
of the Company, the Holder of this Warrant shall be provided the same notice given to the holders of other Common Stock of the
Company.

 

4.5.Securities
Issuances. 

 

(a)
If the Company shall issue:

 

(i)any
additional Common Stock, or rights or options to acquire any such Common Stock, or securities convertible or exchangeable into
any Common Stock in connection with the Company raising additional equity capital for cash (an “Equity Issuance”),
including the issuance of any Common Stock upon exercise of any warrants issued in connection with the closing of any Equity Issuance;
or

 

(ii)any
additional Common Stock, or rights or options to acquire any such Common Stock, or securities convertible or exchangeable into
any Common Stock in connection with the acquisition by the Company or any subsidiary of the Company of the securities, assets
or business of any other Person (an “Acquisition Issuance”),

 

    	 

    	 

    

 

then,
and in either event, the Company shall issue to the Holder of this Warrant at the closing of such Equity Issuance or Acquisition
Issuance, an additional warrant (in each case, an “Additional Warrant”), exercisable for twenty percent (20%)
of the sum of

 

(1) 
the aggregate number Common Stock issued in connection with such Equity Issuance or Acquisition Issuance, plus

 

(2)the
aggregate number of Common Stock issuable after the date of closing such Equity Issuance or Acquisition Issuance in respect of
conversions of convertible debt or convertible preferred securities issued in connection with such Equity Issuance or Acquisition
Issuance, plus 

 

(3)
the aggregate number of Common Stock issuable after the date of closing such Equity Issuance or Acquisition Issuance in respect
of the exercise of any warrant, option or right to purchase Common Stock issued in connection with such Equity Issuance or Acquisition
Issuance, plus

 

(4)the
aggregate number of shares of underlying Common Stock issuable upon exercise of such Additional Warrant.

 

The
exercise price for such Additional Warrant (or portion thereto) shall be equal to the Effective Issuance Price for such Equity
Issuance or Acquisition Issuance.

 

(b)For
purposes of this Warrant, “Qualifying Employee Stock” means (i) rights and options issued in the ordinary course
of business under employee benefits plans and any Common Stock issued after the date hereof upon exercise of such rights and options
and (ii) restricted stock and restricted stock units issued after the date hereof in the ordinary course of business under employee
benefit plans and Common Stock issued after the date hereof in settlement of any such restricted stock units.

 

4.6.Full-Ratchet
Adjustment for Lower Revaluations. In the case of (a) any issuance of Common Stock, rights or options to acquire Common Stock
or securities convertible or exchangeable into, or exercisable for Common Stock (other than (i) Qualifying Employee Stock and
(ii) Common Stock underlying rights or options to acquire Common Stock or securities convertible or exchangeable into Common Stock,
in each case that are issued and outstanding on the date hereof), or (b) the amendment to or change in the exercise, conversion
or exchange price of such securities, in each case for an Effective Issuance Price lower than the Exercise Price (in each case,
other than issuances, amendments or changes covered by Section 4.1, 4.2, 4.3 or 4.4), the Exercise Price for this Warrant and
the Exercise Price for all additional Warrants issued pursuant to Section 4.5 shall be further reduced to an amount equal to the
Effective Issuance Price.

 

    	 

    	 

    

 

As
used herein, the “Effective Issuance Price” shall be:

 

(i)with
respect to Common Stock issued for cash the per share amount of the net cash proceeds received by the Company for such Common
Stock;

 

(ii)with
respect to Common Stock issued for other consideration, the

 

Fair
Market Value of the net consideration calculated on a per share basis;

 

(iii)with
respect to any option, warrant or other right to acquire Common Stock, whether direct or indirect and whether or not conditional
or contingent, the sum of (A) the Fair Market Value of the aggregate consideration, if any, received by the Company for the issuance
of such option, warrant or right divided by the number of Common Stock into which such option, warrant or right is exercisable
at time of issuance, plus (b) the per share amount of the exercise price to the extent paid in cash and per share Fair Market
Value of the exercise price if paid in other consideration; and

 

(iv)with
respect to securities convertible or exchangeable into Common Stock, the net consideration per security paid for such securities
(to the extent paid in cash) or the net Fair Market Value of the consideration per security paid for such securities if the price
for such securities is paid in other consideration, as of the date of their issuance divided by the number of Common Stock for
which such securities are convertible or exchangeable.

 

For
the avoidance of doubt, the Exercise Price of this Warrant shall in no event be increased pursuant to this Section 4.6.

 

4.7.Fractional
Shares. No fractional shares shall be issued upon exercise of this Warrant. Instead, the Company shall pay to the Holder,
in lieu of issuing any fractional share, a sum in cash equal to such fraction multiplied by the Fair Market Value of a share of
Common Stock, as determined by the Company’s Chief Executive Officer, Chief Financial Officer or Board, on the Business
Day or, if applicable, trading day immediately prior to the date of exercise.

 

4.8.Notice
of Adjustment. Prior to the consummation of any transaction, action or other event that would trigger an adjustment (or right
to adjustment) under this Section 4, the Company shall mail to the Holder by first class mail, postage prepaid, no later than
ten (10) Business Days prior to such consummation notice of such transaction, action or other event, along with reasonable details
with respect thereto. Whenever the number of Common Stock or other stock or property issuable upon the exercise of this Warrant
or the Exercise Price is adjusted, as herein provided, the Company shall promptly mail by first class mail, postage prepaid, to
the Holder notice of such adjustment or adjustments and shall deliver a certificate of a firm of independent public accountants
selected by the Board (who may be the regular accountants employed by the Company) setting forth the number of Common Stock or
other stock or property issuable upon the exercise of this Warrant and the Exercise Price after such adjustment, setting forth
a brief statement of the facts requiring such adjustment and setting forth the computation by which such adjustment was made.

 

    	 

    	 

    

 

5.WARRANT
TRANSFER BOOKS.

 

The
Company shall cause to be kept at its principal office a register in which, subject to such reasonable regulations as it may prescribe,
the Company shall provide for the registration of this Warrant Certificate and of transfers or exchanges of this Warrant Certificate
as herein provided.

 

At
the option of the Holder, this Warrant Certificate may be exchanged at such office, and upon payment of the charges hereinafter
provided. Whenever this Warrant Certificate is so surrendered for exchange, the Company shall execute and deliver the Warrant
Certificates that the Holder making the exchange is entitled to receive.

 

All
Warrant Certificates issued upon any registration of transfer or exchange of this Warrant Certificate shall be the valid obligations
of the Company, evidencing the same obligations, and entitled to the same benefits, as the Warrant Certificate surrendered for
such registration of transfer or exchange.

 

If
this Warrant Certificate is surrendered for registration of transfer or exchange it shall (if so required by the Company) be duly
endorsed, or be accompanied by a written instrument of transfer in form satisfactory to the Company, duly executed by the Holder
hereof or his attorney duly authorized in writing.

 

No
service charge shall be made to the Holder for any registration of transfer or exchange of this Warrant Certificate. The Company
may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any
registration of transfer or exchange of this Warrant Certificate.

 

The
Warrant Certificate when duly endorsed in blank shall be deemed negotiable and when this Warrant Certificate shall have been so
endorsed, the Holder hereof may be treated by the Company and all other persons dealing therewith as the absolute owner hereof
for any purpose and as the Person entitled to exercise the rights represented hereby, or to the transfer hereof on the register
of the Company, any notice to the contrary notwithstanding; but until such transfer on such register, the Company shall treat
the registered Holder hereof as the owner for all purposes. No such transfer shall be registered until the Company has been supplied
with the aforementioned instruments of transfer and any other such documentation as the Company may reasonably require.

 

    	 

    	 

    

 

6.WARRANT
HOLDER.

 

6.1.Right
of Action. All rights of action in respect of this Warrant are vested in the Holder hereof, and the Holder, without the consent
of the Company, may, on such Holder’s own behalf and for such Holder’s own benefit, enforce, and may institute and
maintain any suit, action or proceeding against the Company suitable to enforce, or otherwise in respect of, such Holder’s
right to exercise or exchange this Warrant in the manner provided herein or any other obligation of the Company under this Warrant.

 

7.COVENANTS.

 

7.1.Reservation
of Common Stock for Issuance on Exercise of Warrants. The Company covenants that it will at all times reserve and keep available,
free from pre- emptive rights, out of its authorized but unissued Common Stock, solely for the purpose of issue upon exercise
of this Warrant as herein provided, such number of Common Stock as shall then be issuable upon the exercise of all Warrants issuable
hereunder plus such number of Common Stock as shall then be issuable upon the exercise of other outstanding warrants, options
and rights (whether or not vested), the settlement of any forward sale, swap or other derivative contract, and the conversion
of all outstanding convertible securities or other instruments convertible into Common Stock or rights to acquire Common Stock.
The Company covenants that all Common Stock which shall be issuable shall, upon such issue, be duly and validly issued and fully
paid and non-assessable.

 

7.2.Notice
of Dividends. At any time when the Company declares any dividend on its Common Stock, it shall give notice to the Holder of
this Warrant of any such declaration not less than 15 days prior to the related record date for payment of the dividend so declared.

 

8.MISCELLANEOUS.

 

8.1.Payment
of Taxes. The Company shall pay all transfer, stamp and other similar taxes that may be imposed in respect of the issuance
or delivery of this Warrant or in respect of the issuance or delivery by the Company of any securities upon exercise of this Warrant
with respect thereto. The Company shall not be required, however, to pay any tax or other charge imposed in connection with any
transfer involved in the issue of any certificate for Common Stock or other securities underlying this Warrant or payment of cash
to any Person other than the Holder of this Warrant Certificate surrendered upon the exercise or purchase of this Warrant, and
in case of such transfer or payment, the Company shall not be required to issue any stock certificate to pay any cash until such
tax or charge has been paid or it has been established to the Company’s satisfaction that no such tax or other charge is
due. The Company and the Holder agree that the issuance and exercise of this Warrant is a capital transaction and not a compensatory
transaction, and any Holder who is not a U.S. person for U.S. federal income tax purposes hereby represents that the Common Stock
would, if owned by such Holder, be capital assets in its hands for U.S. Federal income tax purposes.

 

8.2.Surrender
of Certificates. Any Warrant Certificate surrendered for exercise or purchase shall, if surrendered to the Company, be promptly
cancelled and destroyed and shall not be reissued by the Company.

 

    	 

    	 

    

 

8.3.Mutilated,
Destroyed, Lost and Stolen Warrant Certificates. If (a) a mutilated Warrant Certificate is surrendered to the Company or (b)
the Company receives evidence to its satisfaction of the destruction, loss or theft of the Warrant Certificate, and there is delivered
to the Company such appropriate affidavit of loss, applicable processing fee and a corporate bond of indemnity as may be required
by it to save it harmless, then, in the absence of notice to the Company that the Warrant Certificate has been acquired by a bona
fide purchaser, the Company shall execute and deliver, in exchange for such mutilated Warrant Certificate or in lieu of such destroyed,
lost or stolen Warrant Certificate, a new Warrant Certificate of like tenor and for a like aggregate number of shares of Underlying
Common Stock, if any, with respect to which this Warrant shall not then have been exercised.

 

Upon
the issuance of any new Warrant Certificate under this Section 8.3, the Company may require the payment of a sum sufficient to
cover any tax or other governmental charge that may be imposed in relation thereto and other expenses in connection therewith.

 

Any
new Warrant Certificate executed and delivered pursuant to this Section 8.3 in lieu of a destroyed, lost or stolen Warrant Certificate
shall constitute an original contractual obligation of the Company, whether or not the destroyed, lost or stolen Warrant Certificate
shall be at any time enforceable by anyone, and shall be subject to the same terms as this Warrant.

 

The
provisions of this Section 8.3 are exclusive and shall preclude (to the extent lawful) all other rights or remedies with respect
to the replacement of a mutilated, destroyed lost, or stolen Warrant Certificate.

 

8.4.Notices.
Any notice, demand or delivery authorized by this Warrant shall be sufficiently given or made when mailed if sent by first-class
mail, postage prepaid, addressed to the Holder of this Warrant at such Holder’s address shown on the register of the Company
and to the Company at its principal address, addressed to the Secretary of the Company, in each case or such other address as
shall have been furnished to the party giving or making such notice, demand or delivery.

 

8.6.Applicable
Law. This Warrant and all rights arising hereunder shall be governed by the internal laws of the British Virgin Islands.

 

8.7.Amendments.
(a) The Company may from time to time supplement or amend this Warrant without the approval of the Holder in order to cure any
ambiguity, to correct or supplement any provision contained herein which may be defective or inconsistent with any other provisions
herein, or to make any other provisions with regard to matters or questions arising hereunder which the Company may deem necessary
or desirable and, in each case, which shall not adversely affect the interests of the Holder.

 

(b)In
addition to the foregoing, with the consent of the Holder, the Company may modify this Warrant for the purpose of adding any provisions
to or changing in any manner or eliminating any of the provisions of this Warrant or modifying in any manner the rights of the
Holder hereunder.

 

8.8.Headings.
The descriptive headings of the several Articles and Sections of this Warrant are inserted for convenience and shall not control
or affect the meaning or construction of any of the provisions hereof.

 

*******************************

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, this Warrant has been duly executed and delivered by Logical Choice Corporation, by order of its Board of Directors,
this 7th day of November 2014.

 

	 	LOGICAL
    CHOICE CORPORATION
	 	 	 
	 	By:	 
	 	Name:	Sheri
    Lofgren
	 	Title:	Chief
    Financial Officer

 

    	 

    	 

    

 

EXHIBIT
A

FORM
OF EXERCISE

(To
be executed upon exercise of Warrant.)

 

The
undersigned hereby irrevocably elects to exercise the Warrant represented by this Warrant Certificate, to purchase ________ Common
Stock, in the form of Common Stock, par value $0.0001 per share (“Warrant Shares”), of Logical Choice Corporation
in accordance with the Warrant Certificate, and in accordance with the terms set forth below.

 

By
checking the appropriate paragraph election, the undersigned hereby exercises the Warrant , as follows:.

 

________[check
if applicable]         Having the Company withhold, from the total number of Common Stock that would otherwise be delivered to the
undersigned upon such exercise, that lower number of Common Stock issuable upon exercise of this Warrant with an aggregate Fair
Market Value as of the last Business Day prior to such exercise equal to a purchase price for such Common Stock that would otherwise
be payable by the undersigned upon such exercise based upon the Exercise Price then in effect (a “Cashless Exercise”),
or

 

________[check
if applicable]       By) payment in full of the Exercise Price then in effect for the shares of Underlying Common Stock as to which
this Warrant is submitted for exercise, payable in cash or other same-day funds; or

 

_______
[check if applicable]The undersigned is electing to receive a cash payment in lieu of Common Stock (and the payment of the
Exercise Price) on the terms and conditions specified in the last paragraph of Section 2.4 in the within Warrant Certificate 

 

The
undersigned requests that said Warrant Shares be registered in such names and delivered, all as specified in accordance with the
instructions set forth below.

 

If
said number of Warrant Shares is less than all of the shares of Warrant Shares purchasable hereunder, the undersigned requests
that a new Warrant Certificate representing the remaining balance of the Warrants evidenced hereby be issued and delivered to
the undersigned unless otherwise specified in the instructions below.

 

	Dated:
    __________	 	 
	 	Name	
	 	 	(Please Print)

 

	 	 
	(Insert Social
    Security or Other Identifying Number of Holder)	 
	 	Address	 
	 	 
	 	 
	 	Signature
    (Signature must conform in all respects to name of holder as specified on the face of the Warrant Certificate and must be
    guaranteed by a bank, stockbroker, savings and loan association or credit union meeting the requirements of the Warrant Holder.

    	 

    	 

    

 

EXHIBIT
B

FORM
OF ASSIGNMENT

 

FOR
VALUE RECEIVED the undersigned registered holder of the within Warrant Certificate hereby sells, assigns, and transfers unto the
Assignee(s) named below all of the right of the undersigned under the within Warrant Certificate, with respect to the number of
Warrants set forth below:

 

	Names
    of 

    Assignees	 	Address	 	Social
                                         Security 

                                         or other Identifying 

                                         Number of Assignee(s)
	 	Number
                                         of Shares Represented by the Portion of this Warrant

                                         to be Assigned

	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

and
does hereby irrevocably constitute and appoint                                   
the undersigned’s attorney to make such transfer on the books of                            maintained
for that purpose, with full power of substitution in he premises.

 

Date:
                                

 

	*	 
	 	(Signature of Owner)
	 	 
	 	 
	 	(Street
    Address)
	 	 
	 	 
	 	(City)                                             (State)                        (Zip
    Code)
	 	 
	 	Signature
    Guaranteed By:
	 	 
	 	 

 

 

	*		The
                                         signature must correspond with the name as written upon the face of the within Warrant
                                         Certificate in every particular, without alteration or enlargement or any change whatever,
                                         and must be guaranteed by a financial institution satisfactory to the Company.

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