Document:

Exhibit 4.1

 

CONVERTIBLE PROMISSORY
NOTE

 

	Effective Date:  March 5, 2015	U.S. $87,500.00

 

 

FOR VALUE RECEIVED,
3DIcon Corporation, an Oklahoma corporation (“Borrower”), promises
to pay to Typenex Co-Investment, LLC, a Utah limited liability company, or its successors
or assigns (“Lender”), $87,500.00 and any interest, fees, and charges in accordance with the terms set forth
herein. This Convertible Promissory Note (this “Note”) is issued and made effective as of February 11, 2015
(the “Effective Date”).

 

The purchase price
for this Note is $75,000.00 (the “Purchase Price”) payable by wire transfer. The initial Outstanding Balance
of this Note shall include the Purchase Price, a $7,500.00 original issue discount (“OID”), and $5,000.00 to
cover Lender’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection
with the purchase and sale of this Note (the “Transaction Expense Amount”). This Note shall be due and payable
on the date that is twelve (12) months from the Effective Date (the “Maturity Date”). For purposes hereof, the
term “Purchase Price Date” means the date the Purchase Price is delivered by Lender to Borrower. Certain capitalized
terms used herein are defined in Section 22 below.

 

1.          Prepayment;
Interest. Borrower may repay this Note at any time on or before the date that is 90 days from the Purchase Price Date (the
“Prepayment Opportunity Date”). If Borrower repays this Note on or before the Prepayment Opportunity Date,
the interest rate shall be ZERO PERCENT (0%). If Borrower does not repay the entire Outstanding Balance of this Note on or
before the applicable Prepayment Opportunity Date, a one-time interest charge of 5% (the “Interest Charge”)
shall be applied to the Outstanding Balance of this Note. Any interest payable is in addition to any applicable OID. Any OID remains
payable regardless of the time and manner of payment by Borrower. Following the Prepayment Opportunity Date, this Note may be prepaid
by Borrower. Upon Borrower’s election to prepay all or any portion of this Note, Borrower shall pay to Lender 125% of the
portion of the Outstanding Balance that the Borrower intends to prepay.

 

2.          Conversion.
Lender has the right at any time following an Event of Default, at its election, to convert (each instance of conversion is referred
to herein as a “Conversion”) all or any part of the Outstanding Balance of this Note into shares (“Conversion
Shares”) of fully paid and non-assessable Common Stock as per the following conversion formula: the number of Conversion
Shares equals the amount being converted (the “Conversion Amount”) divided by the Conversion Price. Conversion
notices, in the form attached hereto as Exhibit A (a “Conversion Notice”), under this Note may be effectively
delivered to Borrower by any method of Lender’s choice (including but not limited to facsimile, email, mail, overnight courier,
or personal delivery), and all Conversions shall be cashless and not require further payment from Lender. If no objection is delivered
from Borrower to Lender regarding any variable or calculation of the Conversion Notice within 24 hours of delivery of the Conversion
Notice, Borrower shall have been thereafter deemed to have irrevocably confirmed and irrevocably ratified such Conversion Notice
and waived any objection thereto. Borrower shall deliver the Conversion Shares from any Conversion to Lender within three (3) Trading
Days of Lender’s delivery of the Conversion Notice to Borrower (the “Delivery Date”).

 

    	 

    	 

    

 

3.          Conversion
Delays. If Borrower fails to deliver Conversion Shares in accordance with the timeframes stated in Section 2, Lender, at any
time prior to selling all of those Conversion Shares, may rescind in whole or in part that particular Conversion attributable to
the unsold Conversion Shares, with a corresponding increase to the Outstanding Balance (any returned Conversion Amount will tack
back to the Purchase Price Date). In addition, for each Conversion, in the event that Conversion Shares are not delivered by the
Delivery Date, a late fee equal to the greater of (i) $500.00 per day and (ii) 2% of the applicable Conversion Share Value rounded
to the nearest multiple of $100.00 (but in any event the cumulative amount of such late fees for each Conversion shall not exceed
200% of the applicable Conversion Share Value) will be assessed for each day after the Delivery Date until Conversion Share delivery
is made; and such late fee will be added to the Outstanding Balance (such fees, the “Conversion Delay Late Fees”).
For illustration purposes only, if Lender delivers a Conversion Notice to Borrower pursuant to which Borrower is required to deliver
100,000 Conversion Shares to Lender and on the Delivery Date such Conversion Shares have a Conversion Share Value of $20,000.00
(assuming a Closing Trade Price on the Delivery Date of $0.20 per share of Common Stock), then in such event a Conversion Delay
Late Fee in the amount of $500.00 per day (the greater of $500.00 per day and $20,000.00 multiplied by 2%, which is $400.00) would
be added to the Outstanding Balance of this Note until such Conversion Shares are delivered to Lender. For purposes of this example,
if the Conversion Shares are delivered to Lender twenty (20) days after the applicable Delivery Date, the total Conversion Delay
Late Fees that would be added to the Outstanding Balance would be $10,000.00 (20 days multiplied by $500.00 per day). If the Conversion
Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion Delay Late Fees
that would be added to the Outstanding Balance would be $40,000.00 (100 days multiplied by $500.00 per day, but capped at 200%
of the Conversion Share Value).

  

4.          Reservation
of Shares. Until all of Borrower’s obligations hereunder are paid and performed in full, Borrower will reserve from its
authorized and unissued Common Stock to provide for the issuance of Common Stock upon the full conversion of this Note. Borrower
will at all times reserve at least three times the number of shares of Common Stock necessary to convert the total Outstanding
Balance of this Note as of any given date (the “Share Reserve”), but in no event shall less than 150,000,000
shares of Common Stock be reserved for such purpose (the “Transfer Agent Reserve”). Borrower further agrees
that it will cause its transfer agent to immediately add shares of Common Stock to the Transfer Agent Reserve in increments of
25,000,000 shares as and when requested by Borrower or Lender in writing from time to time, provided that such incremental increases
do not cause the Transfer Agent Reserve to exceed the Share Reserve. In furtherance thereof, from and after the date hereof and
until such time that this Note has been paid in full, Borrower shall require its transfer agent to reserve for the purpose of issuance
to Lender pursuant to conversions under this Note a number of shares of Common Stock equal to the Transfer Agent Reserve. Borrower
shall further require its transfer agent to hold such shares of Common Stock exclusively for the benefit of Lender and to issue
such shares to Lender promptly upon Lender’s delivery of a conversion notice under this Note.

 

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5.          Borrower
Representations and Warranties. Borrower represents and warrants to Lender that, as of the date hereof: (i) Borrower is a corporation
duly organized, validly existing and in good standing under the laws of its state of incorporation and has the requisite corporate
power to own its properties and to carry on its business as now being conducted; (ii) Borrower is duly qualified as a foreign corporation
to do business and is in good standing in each jurisdiction where the nature of the business conducted or property owned by it
makes such qualification necessary; (iii) Borrower has registered its Common Stock under Section 15(d) of the Securities Exchange
Act of 1934, as amended (the “1934 Act”), and is obligated to file reports pursuant to Section 13 or Section 15(d)
of the 1934 Act; (iv) this Note and the transactions contemplated hereby have been duly and validly authorized by Borrower; (v)
this Note has been duly executed and delivered by Borrower and constitutes the valid and binding obligation of Borrower enforceable
in accordance with its terms, subject as to enforceability only to general principles of equity and to bankruptcy, insolvency,
moratorium, and other similar laws affecting the enforcement of creditors’ rights generally; (vi) the execution and delivery
of this Note by Borrower, the issuance of Conversion Shares in accordance with the terms hereof, and the consummation by Borrower
of the other transactions contemplated by this Note do not and will not conflict with or result in a breach by Borrower of any
of the terms or provisions of, or constitute a default under (a) Borrower’s formation documents or bylaws, each as currently
in effect, (b) any indenture, mortgage, deed of trust, or other material agreement or instrument to which Borrower is a party or
by which it or any of its properties or assets are bound, including any listing agreement for the Common Stock except as herein
set forth, or (c) to Borrower’s knowledge, any existing applicable law, rule, or regulation or any applicable decree, judgment,
or order of any court, United States federal or state regulatory body, administrative agency, or other governmental body having
jurisdiction over Borrower or any of Borrower’s properties or assets; (vii) no authorization, approval or consent of any
court, governmental body, regulatory agency, self-regulatory organization, or stock exchange or market or the stockholders or any
lender of Borrower is required to be obtained by Borrower for the issuance of this Note or the Conversion Shares to Lender, except
such authorizations, approvals and consents that have been obtained; (viii) none of Borrower’s filings with the SEC contained,
at the time they were filed, any untrue statement of a material fact or omitted to state any material fact required to be stated
therein or necessary to make the statements made therein, in light of the circumstances under which they were made, not misleading;
(ix) Borrower has filed all reports, schedules, forms, statements and other documents required to be filed by Borrower with the
SEC under the 1934 Act on a timely basis or has received a valid extension of such time of filing and has filed any such report,
schedule, form, statement or other document prior to the expiration of any such extension; (x) Borrower is not, nor has it ever
been, a “Shell Company,” as such type of “issuer” is described in Rule 144(i)(1) under the 1933 Act or
is in compliance with Rule 144(i)(2); (xi) with respect to any brokerage commissions, placement agent or finder’s fees or
similar payments that will or would become due and owing by Borrower to any person or entity as a result of this Note or the transactions
contemplated hereby (“Broker Fees”), any such Broker Fees will be made in full compliance with all applicable
laws and regulations and only to a person that is a registered investment adviser or registered broker-dealer; (xii) Lender shall
have no obligation with respect to any such Broker Fees or with respect to any claims made by or on behalf of other persons or
entities for fees of a type contemplated herein that may be due in connection with the transactions contemplated hereby and Borrower
shall indemnify and hold harmless each of Lender, Lender’s employees, officers, directors, stockholders, managers, agents,
and partners, and their respective affiliates, from and against all claims, losses, damages, costs (including the costs of preparation
and attorneys’ fees) and expenses suffered in respect of any such claimed or existing fees; and (xiii) Borrower has performed
due diligence and background research on Lender and its affiliates including, without limitation, John M. Fife, and, to its satisfaction,
has made inquiries with respect to all matters Borrower may consider relevant to the undertakings and relationships contemplated
by this Note including, among other things, the following: http://investing.businessweek.com/research/stocks/people/person.asp?personId=7505107&ticker=UAHC; SEC
Civil Case No. 07-C-0347 (N.D. Ill.); SEC Civil Action No. 07-CV-347 (N.D. Ill.); and FINRA Case #2011029203701. Borrower, being
aware of the matters described in the foregoing clause (xiii), acknowledges and agrees that such matters, or any similar matters,
have no bearing on the transactions contemplated by this Note and covenants and agrees it will not use any such information as
a defense to performance of its obligations under this Note or in any attempt to avoid, modify or reduce such obligations.          

 

6.          Borrower
Covenants. Until all of Borrower’s obligations hereunder are paid and performed in full, or within the timeframes otherwise
specifically set forth below, Borrower shall comply with the following covenants: (i) so long as Lender beneficially owns this
Note or any Conversion Shares and for at least twenty (20) Trading Days thereafter, Borrower shall file all reports required to
be filed with the SEC pursuant to Sections 13 or 15(d) of the 1934 Act, and shall take all reasonable action under its control
to ensure that adequate current public information with respect to Borrower, as required in accordance with Rule 144, is publicly
available, and shall not terminate its status as an issuer required to file reports under the 1934 Act even if the 1934 Act or
the rules and regulations thereunder would permit such termination; (ii) the Common Stock shall be listed or quoted for trading
on any of (a) NYSE, (b) NASDAQ, (c) OTCQX, (d) OTCQB, or (e) OTC Pink Current; (iii) Borrower shall use the net proceeds received
from this Note for working capital and general corporate purposes only; and (iv) when issued, each of the Conversion Shares will
be duly authorized, validly issued, fully paid for and non-assessable, free and clear of all liens, claims, charges and encumbrances.

 

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7.          Default.

 

7.1.          Events
of Default. The following are events of default under this Note (each, an “Event of Default”): (i) Borrower
shall fail to pay any principal, interest, fees, charges, or any other amount when due and payable hereunder; or (ii) Borrower
shall fail to deliver any Conversion Shares in accordance with the terms hereof; or (iii) a receiver, trustee or other similar
official shall be appointed over Borrower or a material part of its assets and such appointment shall remain uncontested for twenty
(20) days or shall not be dismissed or discharged within sixty (60) days; or (iv) Borrower shall become insolvent or generally
fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods, if
any; or (v) Borrower shall make a general assignment for the benefit of creditors; or (vi) Borrower shall file a petition for relief
under any bankruptcy, insolvency or similar law (domestic or foreign); or (vii) an involuntary proceeding shall be commenced or
filed against Borrower; or (viii) Borrower, at any time after the Effective Date, is not DWAC Eligible; or (ix) Borrower shall
default or otherwise fail to observe or perform any covenant, obligation, condition or agreement of Borrower contained herein,
other than those specifically set forth in this Section 7.1; or (x) Borrower shall become delinquent in its filing requirements
as a fully-reporting issuer registered with the SEC or shall fail to timely file any required quarterly or annual reports or any
other filings that are necessary to enable Lender to sell Conversion Shares pursuant to Rule 144; or (xi) any representation, warranty
or other statement made or furnished by or on behalf of Borrower to Lender herein or in connection with the issuance of this Note
shall be false, incorrect, incomplete or misleading in any material respect when made or furnished; or (xii) Borrower shall fail
to maintain the Share Reserve as required pursuant to Section 4 above; or (xiii) Borrower effectuates a reverse split of its Common
Stock without twenty (20) Trading Days prior written notice to Lender; or (xiv) any money judgment, writ or similar process shall
be entered or filed against Borrower or any subsidiary of Borrower or any of its property or other assets for more than $100,000,
and shall remain unvacated, unbonded or unstayed for a period of twenty (20) calendar days unless otherwise consented to by Lender;
or (xv) Borrower shall fail to deliver to Lender original signature pages to this Note within five (5) Trading Days of the Purchase
Price Date.

 

7.2.          Cross
Default. A breach or default by Borrower of any covenant or other
term or condition contained in any Other Agreements shall, at the option of Lender, be considered an Event of Default under this
Note, in which event Lender shall be entitled (but in no event required) to apply all rights and remedies of Lender under the terms
of this Note. For the avoidance of doubt, all existing and future loan transactions between Borrower and Lender and their respective
affiliates will be cross-defaulted with each other loan transaction and with all other existing and future debt of Borrower to
Lender.

 

8.          Remedies.
Upon the occurrence of any Event of Default, Borrower shall within one (1) Trading Day deliver written notice thereof via facsimile,
email or reputable overnight courier (with next day delivery specified) (an “Event of Default Notice”) to Lender.
At any time and from time to time after the earlier of Lender’s receipt of an Event of Default Notice and Lender becoming
aware of the occurrence of any Event of Default, Lender may accelerate this Note by written notice to Borrower, with the Outstanding
Balance becoming immediately due and payable in cash at the Mandatory Default Amount. Notwithstanding the foregoing, at any time
following the occurrence of any Event of Default, Lender may, at its option, elect to increase the Outstanding Balance by applying
the Default Effect (subject to the limitation set forth below) via written notice to Borrower without accelerating the Outstanding
Balance, in which event the Outstanding Balance shall be increased as of the date of the occurrence of the applicable Event of
Default pursuant to the Default Effect, but the Outstanding Balance shall not be immediately due and payable unless so declared
by Lender (for the avoidance of doubt, if Lender elects to apply the Default Effect pursuant to this sentence, it shall reserve
the right to declare the Outstanding Balance immediately due and payable at any time and no such election by Lender shall be deemed
to be a waiver of its right to declare the Outstanding Balance immediately due and payable as set forth herein unless otherwise
agreed to by Lender in writing). Notwithstanding the foregoing, upon the occurrence of any Event of Default described in clauses
(iii), (iv), (v), (vi) or (vii) of Section 7.1, the Outstanding Balance as of the date of acceleration shall become immediately
and automatically due and payable in cash at the Mandatory Default Amount, without any written notice required by Lender. At any
time following the occurrence of any Event of Default, upon written notice given by Lender to Borrower, interest shall accrue on
the Outstanding Balance beginning on the date the applicable Event of Default occurred at an interest rate equal to the lesser
of 22% per annum or the maximum rate permitted under applicable law (“Default Interest”). Additionally, following
the occurrence of any Event of Default, Borrower may, at its option, pay any Conversion in cash instead of Conversion Shares by
paying to Lender on or before the applicable Delivery Date a cash amount equal to the number of Conversion Shares set forth in
the applicable Conversion Notice multiplied by the highest intra-day trading price of the Common Stock that occurs during the period
beginning on the date the applicable Event of Default occurred and ending on the date of the applicable Conversion Notice. In connection
with such acceleration described herein, Lender need not provide, and Borrower hereby waives, any presentment, demand, protest
or other notice of any kind, and Lender may immediately and without expiration of any grace period enforce any and all of its rights
and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may be rescinded and annulled
by Lender at any time prior to payment hereunder and Lender shall have all rights as a holder of this Note until such time, if
any, as Lender receives full payment pursuant to this Section 8. No such rescission or annulment shall affect any subsequent Event
of Default or impair any right consequent thereon. Nothing herein shall limit Lender’s right to pursue any other remedies
available to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with
respect to Borrower’s failure to timely deliver Conversion Shares upon Conversion of this Note as required pursuant to the
terms hereof.

 

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9.          Effect
of Certain Events.

 

9.1.          Adjustment
Due to Distribution. If Borrower shall declare or make any distribution of its assets (or rights to acquire its assets) to
holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend or distribution
to Borrower’s stockholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary (i.e., a spin-off))
(a “Distribution”), then Lender shall be entitled, upon any conversion of this Note after the date of record
for determining stockholders entitled to such Distribution, to receive the amount of such assets which would have been payable
to Lender with respect to the shares of Common Stock issuable upon such conversion had Lender been the holder of such shares of
Common Stock on the record date for the determination of stockholders entitled to such Distribution.

 

9.2.          Adjustments
for Stock Split. Notwithstanding anything herein to the contrary, any references to share numbers or share prices shall be
appropriately adjusted for any stock dividend, stock split, stock combination or other similar transaction.

 

10.          No
Offset. Borrower acknowledges that this Note is an unconditional, valid, binding and enforceable obligation of Borrower not
subject to offset, deduction or counterclaim of any kind. Borrower hereby waives any rights of offset it now has or may have hereafter
against Lender, its successors and assigns, and agrees to make the payments or conversions called for herein in accordance with
the terms of this Note.

 

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11.          Ownership
Limited to 9.99% of Common Stock Outstanding. Notwithstanding anything to the contrary contained in this Note, if at any time
Lender shall or would be issued shares of Common Stock, but such issuance would cause Lender (together with its affiliates) to
beneficially own a number of shares exceeding 4.99% of the number of shares of Common Stock outstanding on such date (including
for such purpose the shares of Common Stock issuable upon such issuance) (the “Maximum Percentage”), then Borrower
must not issue to Lender shares of the Common Stock which would exceed the Maximum Percentage. For purposes of this section, beneficial
ownership of Common Stock will be determined pursuant to Section 13(d) of the 1934 Act. The shares of Common Stock issuable to
Lender that would cause the Maximum Percentage to be exceeded are referred to herein as the “Ownership Limitation
Shares”. Borrower will reserve the Ownership Limitation Shares for the exclusive benefit of Lender. From time to time,
Lender may notify Borrower in writing of the number of the Ownership Limitation Shares that may be issued to Lender without causing
Lender to exceed the Maximum Percentage. Upon receipt of such notice, Borrower shall be unconditionally obligated to immediately
issue such designated shares to Lender, with a corresponding reduction in the number of the Ownership Limitation Shares. Notwithstanding
the forgoing, the term “4.99%” above shall be replaced with “9.99%” at such time as the Market Capitalization
is less than $10,000,000.00. Notwithstanding any other provision contained herein, if the term “4.99%” is replaced
with “9.99%” pursuant to the preceding sentence, such increase to “9.99%” shall remain at 9.99% until increased,
decreased or waived by Lender as set forth below. By written notice to Borrower, Lender may increase, decrease or waive the Maximum
Percentage as to itself but any such waiver will not be effective until the 61st day after delivery thereof. The foregoing 61-day
notice requirement is enforceable, unconditional and non-waivable and shall apply to all affiliates and assigns of Lender.

 

12.          Rights
and Remedies Cumulative. All rights, remedies, and powers conferred in this Note are cumulative and not exclusive of any other
rights or remedies, and shall be in addition to every other right, power, and remedy that Lender may have, whether specifically
granted in this Note, or existing at law, in equity, or by statute, and any and all such rights and remedies may be exercised from
time to time and as often and in such order as Lender may deem expedient. The parties acknowledge and agree that upon Borrower’s
failure to comply with the provisions of this Note, Lender’s damages would be uncertain and difficult (if not impossible)
to accurately estimate because of the parties’ inability to predict future interest rates and future share prices, Lender’s
increased risk, and the uncertainty of the availability of a suitable substitute investment opportunity for Lender, among other
reasons. Accordingly, any fees, charges, and default interest due under this Note are intended by the parties to be, and shall
be deemed, liquidated damages (under Borrower’s and Lender’s expectations that any such liquidated damages will tack
back to the Purchase Price Date for purposes of determining the holding period under Rule 144). The parties agree that such liquidated
damages are a reasonable estimate of Lender’s actual damages and not a penalty, and shall not be deemed in any way to limit
any other right or remedy Lender may have hereunder, at law or in equity. The parties acknowledge and agree that under the circumstances
existing at the time this Note is entered into, such liquidated damages are fair and reasonable and are not penalties. All fees,
charges, and default interest provided for in this Note are agreed to by the parties to be based upon the obligations and the risks
assumed by the parties as of the Effective Date and are consistent with investments of this type. The liquidated damages provisions
of this Note shall not limit or preclude a party from pursuing any other remedy available at law or in equity; provided, however,
that the liquidated damages provided for in this Note are intended to be in lieu of actual damages.

 

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13.          Arbitration.
The parties shall submit all Claims (as defined in the Arbitration Provisions) arising under this Note or other agreements between
the parties and their affiliates to binding arbitration pursuant to the arbitration provisions set forth in Exhibit B attached
hereto (the “Arbitration Provisions”). The parties hereby acknowledge and agree that the Arbitration Provisions
are unconditionally binding on the parties hereto and are severable from all other provisions of this Note. Any capitalized term
not defined in the Arbitration Provisions shall have the meaning set forth in this Note. By executing this Note, Borrower represents,
warrants and covenants that Borrower has reviewed the Arbitration Provisions carefully, consulted with legal counsel about such
provisions (or waived its right to do so), understands that the Arbitration Provisions are intended to allow for the expeditious
and efficient resolution of any dispute hereunder, agrees to the terms and limitations set forth in the Arbitration Provisions,
and that Borrower will not take a position contrary to the foregoing representations. Borrower acknowledges and agrees that Lender
may rely upon the foregoing representations and covenants of Borrower regarding the Arbitration Provisions.

 

14.          Governing
Law. This Note shall be governed by and interpreted in accordance with the laws of the State of Utah for contracts to be wholly
performed in such state and without giving effect to the principles thereof regarding the conflict of laws. Each party consents
to and expressly agrees that exclusive venue for arbitration of any dispute arising out of or relating to this Note or the relationship
of the parties or their affiliates shall be in Salt Lake County or Utah County, Utah. Without modifying the parties obligations
to resolve disputes hereunder pursuant to the Arbitration Provisions, for any litigation arising in connection with this Note,
each party (a) consents to and expressly submits to the exclusive personal jurisdiction of any state or federal court sitting in
Salt Lake County, Utah, (b) expressly submits to the exclusive venue of any such court for the purposes hereof, and (c) waives
any claim of improper venue and any claim or objection that such courts are an inconvenient forum or any other claim or objection
to the bringing of any such proceeding in such jurisdictions or to any claim that such venue of the suit, action or proceeding
is improper.

 

15.          Calculation
Disputes. Notwithstanding the Arbitration Provisions, in the case of a dispute as to any determination or arithmetic calculation
under this Note, including without limitation, calculating the Outstanding Balance, Conversion Price, Conversion Factor, Conversion
Shares, or VWAP (collectively, “Calculations”), Borrower or Lender (as the case may be) shall submit the disputed
Calculations via facsimile or email with confirmation of receipt (a) within two (2) Trading Days after receipt of the applicable
notice giving rise to such dispute to Borrower or Lender (as the case may be) or (b) if no notice gave rise to such dispute, at
any time after Lender learned of the circumstances giving rise to such dispute. If Lender and Borrower are unable to agree upon
such Calculation within two (2) Trading Days of such disputed Calculation being submitted to Borrower or Lender (as the case may
be), then Lender shall, within two (2) Trading Days, submit via facsimile the disputed Calculation to Unkar Systems Inc. (“Unkar
Systems”). Borrower shall cause Unkar Systems to perform the Calculation and notify Borrower and Lender of the results
no later than ten (10) Trading Days from the time it receives such Calculation. Unkar Systems’ determination of the disputed
Calculation shall be binding upon all parties absent demonstrable error. Unkar Systems’ fee for performing such Calculation
shall be paid by the incorrect party, or if both parties are incorrect, by the party whose Calculation is furthest from the correct
Calculation as determined by Unkar Systems. In the event Borrower is the losing party, no extension of the Delivery Date shall
be granted and Borrower shall incur all effects for failing to deliver the applicable shares in a timely manner as set forth herein.
Notwithstanding the foregoing, Lender may, in its sole discretion, designate an independent, reputable investment bank or accounting
firm other than Unkar Systems to resolve any such dispute and in such event, all references to “Unkar Systems” herein
will be replaced with references to such independent, reputable investment bank or accounting firm so designated by Lender.

 

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16.          Attorneys’
Fees and Cost of Collection. In the event of any arbitration or action at law or in equity to enforce or interpret the terms
of this Note, the parties agree that the party who is awarded the most money shall be deemed the prevailing party for all purposes
and shall therefore be entitled to an additional award of the full amount of the attorneys’ fees, deposition costs, and expenses
paid by such prevailing party in connection with arbitration or litigation without reduction or apportionment based upon the individual
claims or defenses giving rise to the fees and expenses. Nothing herein shall restrict or impair an arbitrator’s or a court’s
power to award fees and expenses for frivolous or bad faith pleading. If (a) this Note is placed in the hands of an attorney
for collection or enforcement prior to commencing arbitration or legal proceedings, or is collected or enforced through any arbitration
or legal proceeding, or Lender otherwise takes action to collect amounts due under this Note or to enforce the provisions of this
Note; or (b) there occurs any bankruptcy, reorganization, receivership of Borrower or other proceedings affecting Borrower’s
creditors’ rights and involving a claim under this Note; then Borrower shall pay the costs incurred by Lender for such collection,
enforcement or action or in connection with such bankruptcy, reorganization, receivership or other proceeding, including, without
limitation, attorneys’ fees, deposition costs, and disbursements.

 

17.          Notices.
Any notice required or permitted hereunder (including Conversion Notices) must be in writing and either personally served, sent
by facsimile or email, or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission if
by facsimile or email, and if by overnight courier the business day after such notice is deposited with the courier service for
delivery. A notice may be sent to a party’s last known address, including the last known address of Borrower set forth in
its most recent SEC filing.

 

18.          Opinion
of Counsel. In the event that an opinion of counsel is needed for any matter related to this Note, Lender has the right to
have any such opinion provided by its counsel. Lender also has the right to have any such opinion provided by Borrower’s
counsel.

 

19.          Time
of the Essence. Time is expressly made of the essence with respect to each and every provision of this Note. If the last day
of any time period stated herein shall fall on a Saturday, Sunday or non-Trading Day, then such time period shall be extended to
the next Trading Day.

 

20.          Assignments.
Borrower may not assign this Note without the prior written consent of Lender. This Note and any shares of Common Stock issued
upon conversion of this Note may be offered, sold, assigned or transferred by Lender without the consent of Borrower.

 

21.          Par
Value Adjustments. If at any time Lender delivers a Conversion Notice to Borrower and as of such date the Conversion Price
is less than the Par Value, then the Conversion Amount and the Outstanding Balance will each be deemed to have increased immediately
prior to the delivery of the Conversion Notice in an amount equal to the Par Value Adjustment Amount (the “Par Value Adjustment”).
The number of Conversion Shares deliverable pursuant to any relevant Conversion Notice following a Par Value Adjustment shall be
equal to (a) the Adjusted Conversion Amount divided by (b) the Par Value. Lender and Borrower also agree that the Par Value Adjustment
shall occur automatically and without further action by Lender. In the event of a Par Value Adjustment, Lender will use a Conversion
Notice in substantially the form attached hereto as Exhibit C.

 

22.          Definitions.

 

22.1.          Adjusted
Conversion Amount” means, with respect to any given Conversion Amount subject to a Par Value Adjustment, the Conversion
Amount plus the Par Value Adjustment Amount.

 

22.2.          
“Common Stock” means shares of Borrower’s common stock, par value $0.0002 per share.

 

    	8

    	 

    

 

22.3.          “Closing
Bid Price” and “Closing Trade Price” means the last closing bid price and last closing trade price,
respectively, for the Common Stock on its principal market, as reported by Bloomberg, or, if its principal market begins to operate
on an extended hours basis and does not designate the closing bid price or the closing trade price (as the case may be) then the
last bid price or last trade price, respectively, of the Common Stock prior to 4:00:00 p.m., New York time, as reported by
Bloomberg, or, if its principal market is not the principal securities exchange or trading market for the Common Stock, the last
closing bid price or last trade price, respectively, of the Common Stock on the principal securities exchange or trading market
where the Common Stock is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price
or last trade price, respectively, of the Common Stock in the over-the-counter market on the electronic bulletin board for the
Common Stock as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for the Common
Stock by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for the Common Stock as
reported by OTC Markets Group, Inc., and any successor thereto. If the Closing Bid Price or the Closing Trade Price cannot be calculated
for the Common Stock on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Trade Price (as the
case may be) of the Common Stock on such date shall be the fair market value as mutually determined by Lender and Borrower. If
Lender and Borrower are unable to agree upon the fair market value of the Common Stock, then such dispute shall be resolved in
accordance with the procedures in Section 15. All such determinations shall be appropriately adjusted for any stock dividend,
stock split, stock combination or other similar transaction during such period.

 

22.4.          “Conversion
Factor” means 70%, subject to the following adjustments. If at any time the lowest Closing Trade Price in the twenty-five
(25) Trading Days immediately preceding any date of the measurement is below $0.001, then in such event the Conversion Factor shall
be reduced by 5% for all future Conversions (subject to other reductions set forth in this section). Additionally, if at any time
after the Effective Date, Borrower is not DWAC Eligible, then the Conversion Factor will automatically be reduced by 5% for all
future Conversions under this Note. If at any time after the Effective Date, Borrower is not DTC Eligible, then the Conversion
Factor will automatically be reduced by an additional 5% for all future Conversions under this Note. Finally, in addition to the
Default Effect, if any Major Default occurs after the Effective Date, the Conversion Factor shall automatically be reduced for
this Note for all future Conversions by 5% for each of the first three (3) Major Defaults that occur after the Effective Date (for
the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes of the foregoing
reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example, the first time Borrower
is not DWAC Eligible, the Conversion Factor for all future Conversions under this Note thereafter will be reduced from 70% to 65%.
Following such event, the first time Borrower is not DTC Eligible, the Conversion Factor for all future Conversions under this
Note will be reduced from 65% to 60%. By way of a second example, if Borrower remains DWAC Eligible, but there are three (3) separate
occurrences of a Major Default pursuant to Section 7.1(x), then for purposes of this example the Conversion Factor for this Note
would be reduced from 70% to 65% for the first such occurrence, and so on for each of the second and third occurrences of such
Major Default. However, in no event shall the Conversion Factor be adjusted below 55%.

 

22.1.          “Conversion
Price” means the Conversion Factor multiplied by the lowest Closing Trade Price in the twenty-five (25) Trading Days
immediately preceding the applicable Conversion.

 

22.2.          “Conversion
Share Value” means the product of the number of Conversion Shares deliverable pursuant to any Conversion multiplied by
the Closing Trade Price of the Common Stock on the Delivery Date for such Conversion.

 

22.3.          “Default
Effect” means a calculation obtained by multiplying the Outstanding Balance as of the date the applicable Event of Default
occurred by (i) 15% for each occurrence of any Major Default, or (ii) 5% for each occurrence of any Minor Default, and then adding
the resulting product to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing
then becoming the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided that the
Default Effect may only be applied three (3) times hereunder with respect to Major Defaults and three (3) times hereunder with
respect to Minor Defaults; and provided further that the Default Effect shall not apply to any Event of Default pursuant to Section
7.1(ii) hereof.

 

    	9

    	 

    

 

22.4.          “DTC”
means the Depository Trust Company.

 

22.5.          “DTC
Eligible” means, with respect to the Common Stock, that such Common Stock is eligible to be deposited in certificate
form at the DTC, cleared and converted into electronic shares by the DTC and held in the name of the clearing firm servicing Lender’s
brokerage firm for the benefit of Lender.

 

22.6.          “DTC/FAST
Program” means the DTC’s Fast Automated Securities Transfer program.

 

22.7.          “DWAC”
means DTC’s Deposit/Withdrawal at Custodian program.

 

22.8.          “DWAC
Eligible” means that (i) the Common Stock is eligible at the DTC for full services pursuant to DTC’s operational
arrangements, including without limitation transfer through DTC’s DWAC system, (ii) Borrower has been approved (without revocation)
by the DTC’s underwriting department, (iii) Borrower’s transfer agent is approved as an agent in the DTC/FAST Program,
(iv) the Conversion Shares are otherwise eligible for delivery via DWAC; (v) Borrower’s transfer agent does not have a policy
prohibiting or limiting delivery of the Conversion Shares via DWAC; and (vi) Borrower has previously delivered all Conversion Shares
to Lender under this Note via DWAC.

 

22.9.          “Major
Default” means any Event of Default occurring under Sections 7.1(i), (x), or (xii) of this Note.

 

22.10.          “Mandatory
Default Amount” means the greater of (i) the Outstanding Balance divided by the Conversion Price on the date the Mandatory
Default Amount is demanded, multiplied by the VWAP on the date the Mandatory Default Amount is demanded, or (ii) the Default Effect.

 

22.11.          “Market
Capitalization” means the product equal to (a) the average VWAP of the Common Stock for the immediately preceding fifteen
(15) Trading Days, multiplied by (b) the aggregate number of outstanding shares of Common Stock as reported on Borrower’s
most recently filed Form 10-Q or Form 10-K.

 

22.12.          
“Minor Default” means any Event of Default that is not a Major Default.

 

22.13.          “Other
Agreements” means, collectively, (a) all existing and future agreements and instruments between, among or by Borrower
(or an affiliate), on the one hand, and Lender (or an affiliate), on the other hand, and (b) any financing agreement or a material
agreement that affects Borrower’s ongoing business operations.

 

22.14.          “Outstanding
Balance” means the Purchase Price (as defined below), as reduced or increased, as the case may be, pursuant to the terms
hereof for payment, conversion or otherwise, plus the OID, the Transaction Expense Amount, accrued but unpaid interest, collection
and enforcements costs, and any other fees or charges (including without limitation late charges) incurred under this Note.

 

    	10

    	 

    

 

22.15.          “Par
Value” means the par value of the Common Stock on any relevant date of determination. The Par Value as of the Effective
Date is $0.0002.

 

22.16.          “Par
Value Adjustment Amount” means an amount added to both the Conversion Amount and the Outstanding Balance pursuant to
Section 21, calculated as follows: (a) the number of Conversion Shares deliverable under a particular Conversion Notice (prior
to any Par Value Adjustment) multiplied by the Par Value, less (b) the Conversion Amount (prior to any Par Value Adjustment). For
illustration purposes only, if for a given Conversion, the Conversion Amount was $20,000, the Conversion Price was $0.0008 and
the Par Value was $0.001 then the Par Value Adjustment Amount would be $5,000 (25,000,000 Conversion Shares ($20,000/$0.0008) multiplied
by the Par Value of $0.001 ($25,000) minus the Conversion Amount of $20,000 equals $5,000).

 

22.17.          
“Trading Day” means any day on which the Common Stock is traded or tradable for any period on the principal
securities exchange or other securities market on which the Common Stock is then being traded.

 

22.18.          “VWAP”
means volume weighted average price.

 

[Remainder of Page
Intentionally Left Blank]

 

    	11

    	 

    

 

 

IN WITNESS WHEREOF,
Borrower has caused this Note to be duly executed as of the Effective Date set out above.

 

	 	BORROWER:
	 	3DIcon Corporation
	 	 	 
	 	 	 
	 	By: 	 
	 	Name: 	 
	 	Title: 	 

 

	ACKNOWLEDGED, ACCEPTED AND AGREED:	 
	LENDER:	 
	Typenex Co-Investment, LLC	 
	 	 	 	 
	By: Red Cliffs Investments, Inc., its Manager	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	John M. Fife, President	 

 

    	[Signature Page to Convertible Promissory Note]

    	 

    

 

EXHIBIT A

 

Typenex
Co-Investment, LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

Date: ______________________

3DIcon
Corporation

Attn: Victor Keen

6804 South Canton Avenue, Suite 150

Tulsa, Oklahoma 74136

 

CONVERSION NOTICE

 

The above-captioned
Lender hereby gives notice to 3DIcon Corporation, a Oklahoma corporation (“Borrower”), pursuant to that certain
Convertible Promissory Note made by Borrower in favor of Lender on March 4, 2015 (the “Note”), that Lender elects
to convert the portion of the Outstanding Balance of the Note set forth below into fully paid and non-assessable shares of Common
Stock of Borrower as of the date of conversion specified below. Such conversion shall be based on the Conversion Price set forth
below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern, or, in the alternative, at
the election of Lender in its sole discretion, the Lender may provide a new form of Conversion Notice to conform to the Note.

 

		A.	Date of conversion: ____________

		B.	Conversion #: ____________

		C.	Conversion Amount: ____________

		D.	Lowest Closing Trade Price: ____ (lowest Closing Trade Price in the preceding 25 Trading Days)

		E.	Conversion Factor: ______ (70%, as may be adjusted per the Note)

		F.	Conversion Price: ______ (D multiplied by E)

		G.	Conversion Shares: _______________ (C divided by F)

		H.	Remaining Outstanding Balance of Note: ____________*

 

* Subject to adjustments for corrections,
defaults, and other adjustments permitted by the Note the terms of which shall control in the event of any dispute between the
terms of this Conversion Notice and the Note.

 

Please transfer the Conversion Shares
electronically (via DWAC) to the following account:

 

	Broker:  	 	 	 	Address:	 	 
	DTC#:  	 	 	 	 	 	 
	Account #:  	 	 	 	 	 	 
	Account Name:  	 	 	 	 	 	 

 

To the extent the
Conversion Shares are not able to be delivered to the Lender electronically via the DWAC system, please deliver all such certificated
shares to Lender via reputable overnight courier after receipt of this Conversion Notice (by facsimile transmission or otherwise)
to:

_____________________________________

_____________________________________

_____________________________________

 

[Signature page follows]

 

    	 

    	 

    

 

	 	Sincerely,
	 	 	 
	 	Typenex Co-Investment, LLC
	 	 	 
	 	By: Red Cliffs Investments, Inc., its Manager
	 	 	 
	 	 	 
	 	By:	 
	 	 	John M. Fife, President

 

    	 

    	 

    

 

EXHIBIT
B

 

ARBITRATION PROVISIONS

 

1.      
Dispute Resolution. For purposes of this Exhibit B, the term “Claims” means any disputes,
claims, demands, causes of action, liabilities, damages, losses, or controversies whatsoever arising from related to or connected
with the transactions contemplated in the Note and any communications between the parties related thereto, including without limitation
any claims of mutual mistake, mistake, fraud, misrepresentation, failure of formation, failure of consideration, promissory estoppel,
unconscionability, failure of condition precedent, rescission, and any statutory claims, tort claims, contract claims, or claims
to void, invalidate or terminate the Note or any of the other transaction documents. The term “Claims” specifically
excludes a dispute over Calculations (as defined in the Note). The parties hereby agree that the arbitration provisions set forth
in this Exhibit B (“Arbitration Provisions”) are binding on the parties hereto and are severable from
all other provisions in the Note or any of the other transaction documents. As a result, any attempt to rescind the Note or declare
the Note or any other transaction document invalid or unenforceable for any reason is subject to these Arbitration Provisions.
These Arbitration Provisions shall also survive any termination or expiration of the Note.

 

2.      
Arbitration. Except as otherwise provided herein, all Claims must be submitted to arbitration (“Arbitration”)
to be conducted in Salt Lake County, Utah or Utah County, Utah and pursuant to the terms set forth in these Arbitration Provisions.
The parties agree that the award of the arbitrator shall be final and binding upon the parties; shall be the sole and exclusive
remedy between them regarding any Claims, counterclaims, issues, or accountings presented or pleaded to the arbitrator; and shall
promptly be payable in United States dollars free of any tax, deduction or offset (with respect to monetary awards). Any costs
or fees, including without limitation attorneys’ fees, incident to enforcing the arbitrator’s award shall, to the maximum
extent permitted by law, be charged against the party resisting such enforcement. The award shall include Default Interest (as
defined in the Note) both before and after the award. Judgment upon the award of the arbitrator will be entered and enforced by
a state court sitting in Salt Lake County, Utah. The parties hereby incorporate herein the provisions and procedures set forth
in the Utah Uniform Arbitration Act, U.C.A. § 78B-11-101 et seq. (as amended or superseded from time to time, the “Arbitration
Act”). Pursuant to Section 105 of the Arbitration Act, in the event of conflict between the terms of these Arbitration
Provisions and the provisions of the Arbitration Act, the terms of these Arbitration Provisions shall control.

 

3.      
Arbitration Proceedings. Arbitration between the parties will be subject to the following procedures:

 

3.1.       
Pursuant to Section 110 of the Arbitration Act, the parties agree that a party may initiate Arbitration by giving written
notice to the other party (“Arbitration Notice”) in the same manner that notice is permitted under Section 17
of the Note; provided, however, that the Arbitration Notice may not be given by email or fax. Arbitration will be deemed
initiated as of the date that the Arbitration Notice is deemed delivered under Section 17 of the Note (the “Service Date”).
After the Service Date, information may be delivered, and notices may be given, by email or fax pursuant to Section 17 of the Note.
The Arbitration Notice must describe the nature of the controversy, the remedies sought, and the election to commence Arbitration
proceedings. All Claims in the Arbitration Notice must be pleaded consistent with the Utah Rules of Civil Procedure.

 

    	 

    	 

    

 

3.2.       
 Within ten (10) calendar days after the Service Date, Investor shall select and submit to Borrower the names of three arbitrators
that are designated as “neutrals” or qualified arbitrators by Utah ADR Services (http://www.utahadrservices.com) (such
three designated persons hereunder are referred to herein as the “Proposed Arbitrators”). For the avoidance
of doubt, each Proposed Arbitrator must be qualified as a “neutral” with Utah ADR Services. Within ten (10) calendar
days after Investor has submitted to Borrower the names of the Proposed Arbitrators, Borrower must select, by written notice to
Investor, one (1) of the Proposed Arbitrators to act as the arbitrator for the parties under these Arbitration Provisions. If Borrower
fails to select one of the Proposed Arbitrators in writing within such 10-day period, then Investor may select the arbitrator from
the Proposed Arbitrators by providing written notice of such selection to Borrower. If Lender fails to identify the Proposed Arbitrators
within the time period required above, then Borrower may at any time prior to Lender designating the Proposed Arbitrators, select
the names of three arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Service by written
notice to Lender. Lender may then, within ten (10) calendar days after Borrower has submitted notice of its selected arbitrators
to Lender, select, by written notice to Borrower, one (1) of the selected arbitrators to act as the arbitrator for the parties
under these Arbitration Provisions. If Lender fails to select in writing and within such 10-day period one of the three arbitrators
selected by Borrower, then Borrower may select the arbitrator from its three previously selected arbitrators by providing written
notice of such selection to Lender. Subject to subparagraph 3.12 below, the cost of the arbitrator must be paid equally by both
parties; provided, however, that if one party refuses or fails to pay its portion of the arbitrator fee, then the other
party can advance such unpaid amount (subject to the accrual of Default Interest thereupon), with such amount added to or subtracted
from, as applicable, the award granted by the arbitrator. If Utah ADR Services ceases to exist or to provide a list of neutrals,
then the arbitrator shall be selected under the then prevailing rules of the American Arbitration Association. The date that the
selected arbitrator agrees in writing to serve as the arbitrator hereunder is referred to herein as the “Arbitration Commencement
Date”.

 

3.3.       
An answer and any counterclaims to the Arbitration Notice, which must be pleaded consistent with the Utah Rules of Civil
Procedure, shall be required to be delivered to the other party within twenty (20) calendar days after the Service Date. Upon request,
the arbitrator is hereby instructed to render a default award, consistent with the relief requested in the Arbitration Notice,
against a party that fails to submit an answer within such time period.

 

3.4.       
The party that delivers the Arbitration Notice to the other party shall have the option to also commence legal proceedings
with any state court sitting in Salt Lake County, Utah (“Litigation Proceedings”), subject to the following:
(i) the complaint in the Litigation Proceedings is to be substantially similar to the claims set forth in the Arbitration Notice,
provided that an additional cause of action to compel arbitration will also be included therein, (ii) so long as the other party
files an answer to the complaint in the Litigation Proceedings and an answer to the Arbitration Notice, the Litigation Proceedings
will be stayed pending an award of the arbitrator hereunder, (iii) if the other party fails to file an answer in the Litigation
Proceedings or an answer in the Arbitration Proceedings, then the party initiating Arbitration shall be entitled to a default judgment
consistent with the relief requested, to be entered in the Litigation Proceedings, and (iv) any legal or procedural issue arising
under the Arbitration Act that requires a decision of a court of competent jurisdiction may be determined in the Litigation Proceedings.
Any award of the arbitrator may be entered in such Litigation Proceedings pursuant to the Arbitration Act.

 

3.5.       
Pursuant to Section 118(8) of the Arbitration Act, the parties agree that discovery shall be conducted in accordance with
the Utah Rules of Civil Procedure; provided, however, that incorporation of such rules will in no event supersede the Arbitration
Provisions set forth herein, including without limitation the time limitation set forth in Paragraph 3.9 below, and the following:

 

(a)               
Discovery will only be allowed if the likely benefits of the proposed discovery outweigh the burden or expense, and the discovery
sought is likely to reveal information that will satisfy a specific element of a claim or defense already pleaded in the Arbitration.
The party seeking discovery shall always have the burden of showing that all of the standards and limitations set forth in these
Arbitration Provisions are satisfied. The scope of discovery in the Arbitration proceedings shall also be limited as follows:

 

(i)          
To facts directly connected with the transactions contemplated by the Note.

 

(ii)        
To facts and information that cannot be obtained from another source that is more convenient, less burdensome or less expensive.

 

(b)               
No party shall be allowed (a) more than fifteen (15) interrogatories (including discrete subparts), (b) more than fifteen (15)
requests for admission (including discrete subparts), (c) more than ten (10) document requests (including discrete subparts), or
(d) more than three depositions (excluding expert depositions) for a maximum of seven (7) hours per deposition.

 

    	 

    	 

    

 

3.6.       
Any party submitting any written discovery requests, including interrogatories, requests for production, subpoenas to a
party or a third party, or requests for admissions, must prepay the estimated attorneys’ fees and costs, as determined by
the arbitrator, before the responding party has any obligation to produce or respond.

 

(a)               
All discovery requests must be submitted in writing to the arbitrator and the other party before issuing or serving such
discovery requests. The party issuing the written discovery requests must include with such discovery requests a detailed explanation
of how the proposed discovery requests satisfy the requirements of these Arbitration Provisions and the Utah Rules of Civil Procedure.
Any party will then be allowed, within ten (10) calendar days of receiving the proposed discovery requests, to submit to the arbitrator
an estimate of the attorneys’ fees and costs associated with responding to such written discovery requests and a written
challenge to each applicable discovery request. After receipt of an estimate of attorneys’ fees and costs and/or challenge(s)
to one or more discovery requests, the arbitrator will make a finding as to the likely attorneys’ fees and costs associated
with responding to the discovery requests and issue an order that (A) requires the requesting party to prepay the attorneys’
fees and costs associated with responding to the discovery requests, and (B) requires the responding party to respond to the discovery
requests as limited by the arbitrator within a certain period of time after receiving payment from the requesting party. If a party
entitled to submit an estimate of attorneys’ fees and costs and/or a challenge to discovery requests fails to do so within
such 10-day period, the arbitrator will make a finding that (A) there are no attorneys’ fees or costs associated with responding
to such discovery requests, and (B) the responding party must respond to such discovery requests (as may be limited by the arbitrator)
within a certain period of time as determined by the arbitrator.

 

(b)               
 In order to allow a written discovery request, the arbitrator must find that the discovery request satisfies the standards
set forth in these Arbitration Provisions and the Utah Rules of Civil Procedure. The arbitrator must strictly enforce these standards.
If a discovery request does not satisfy any of the standards set forth in these Arbitration Provisions or the Utah Rules of Civil
Procedure, the arbitrator may modify such discovery request to satisfy the applicable standards, or strike such discovery request
in whole or in part.

 

(c)               
Discovery deadlines will be set forth in a scheduling order issued by the arbitrator. The parties hereby authorize and direct
the arbitrator to take such actions and make such rulings as may be necessary to carry out the parties’ intent for the arbitration
proceedings to be efficient and expeditious.

 

3.7.       
Each party may submit expert reports (and rebuttals thereto), provided that such reports must be submitted by the deadlines
established by the arbitrator. Expert reports must contain the following: (a) a complete statement of all opinions the expert will
offer at trial and the basis and reasons for them; (b) the expert’s name and qualifications, including a list of all publications
within the preceding 10 years, and a list of any other cases in which the expert has testified at trial or in a deposition or prepared
a report within the preceding 10 years; and (c) the compensation to be paid for the expert’s report and testimony. The parties
are entitled to depose any other party’s expert witness one time for no more than 4 hours. An expert may not testify in a
party’s case-in-chief concerning any matter not fairly disclosed in the expert report.

 

3.8.       
All information disclosed by either party during the Arbitration process (including without limitation information disclosed
during the discovery process) shall be considered confidential in nature. Each party agrees not to disclose any confidential information
received from the other party during the discovery process unless (i) prior to or after the time of disclosure such information
becomes public knowledge or part of the public domain, not as a result of any inaction or action of the receiving party, (ii) such
information is required by a court order, subpoena or similar legal duress to be disclosed if such receiving party has notified
the other party thereof in writing and given it a reasonable opportunity to obtain a protective order from a court of competent
jurisdiction prior to disclosure; or (iii) disclosed to the receiving party’s agents, representatives and legal counsel on
a need to know basis who each agree in writing not to disclose such information to any third party. Pursuant to Section 118(5)
of the Arbitration Act, the arbitrator is hereby authorized and directed to issue a protective order to prevent the disclosure
of privileged information and confidential information upon the written request of either party.

 

3.9.       
The parties hereby authorize and direct the arbitrator to take such actions and make such rulings as may be necessary to
carry out the parties’ intent for the arbitration proceedings to be efficient and expeditious. Pursuant to Section 120 of
the Arbitration Act, the parties hereby agree that an award of the arbitrator must be made within 150 days after the Arbitration
Commencement Date. The arbitrator is hereby authorized and directed to hold a scheduling conference within ten (10) calendar days
after the Arbitration Commencement Date in order to establish a scheduling order with various binding deadlines for discovery,
expert testimony, and the submission of documents by the parties to enable the arbitrator to render a decision prior to the end
of such 150-day period. The Utah Rules of Evidence will apply to any final hearing before the arbitrator.

 

    	 

    	 

    

 

3.10.    
The arbitrator shall have the right to award or include in the arbitrator’s award any relief which the arbitrator
deems proper under the circumstances, including, without limitation, specific performance and injunctive relief, provided that
the arbitrator may not award exemplary or punitive damages.

 

3.11.    
If any part of these Arbitration Provisions is found to violate applicable law or to be illegal, then such provision shall
be modified to the minimum extent necessary to make such provision enforceable under applicable law.

 

3.12.    
The arbitrator is hereby directed to require the losing party to (i) pay the full amount of any unpaid costs and fees of
the arbitrator, and (ii) reimburse the prevailing party the reasonable attorneys’ fees, arbitrator costs, deposition costs,
and other discovery costs incurred by the prevailing party.

 

[Remainder of page intentionally left
blank]

 

    	 

    	 

    

 

EXHIBIT C

 

Typenex Co-Investment, LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

 

Date: __________________

3DIcon
Corporation

Attn: Victor Keen

6804 South Canton Avenue, Suite 150

Tulsa, Oklahoma 74136

 

CONVERSION NOTICE

 

The above-captioned
Lender hereby gives notice to 3DIcon Corporation, an Oklahoma corporation (the “Company”), pursuant to that
certain Convertible Promissory Note made by the Company in favor of the Lender on March 5, 2015 (the “Note”),
that the Lender elects to convert the portion of the Outstanding Balance of the Note set forth below into fully paid and non-assessable
shares of Common Stock of the Company as of the date of conversion specified below. Such conversion shall be based on the Conversion
Price set forth below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern, or, in the
alternative, at the election of the Lender in its sole discretion, the Lender may provide a new form of Conversion Notice to conform
to the Note.

 

		A.	Date of Conversion: ____________

		B.	Conversion #: ____________

		C.	Conversion Amount: ____________

		D.	Par Value Adjustment Amount: ___________

		E.	Adjusted Conversion Amount: ____________ (C plus D)

		F.	Conversion Price: ______ (Par Value)

		G.	Conversion Shares: _______________ (E divided by F)

		H.	Remaining Outstanding Balance of Note: ____________*

 

* Subject to adjustments for corrections,
defaults, and other adjustments permitted by the Note the terms of which shall control in the event of any dispute between the
terms of this Conversion Notice and the Note.

 

Please transfer the Conversion Shares
electronically (via DWAC) to the following account:

 

	Broker:  	 	 	 	Address:	 	 
	DTC#:  	 	 	 	 	 	 
	Account #:  	 	 	 	 	 	 
	Account Name:  	 	 	 	 	 	 

  

To the extent the
Conversion Shares are not able to be delivered to the Lender electronically via the DWAC system, please deliver all such certificated
shares to Lender via reputable overnight courier after receipt of this Conversion Notice (by facsimile transmission or otherwise)
to:

_____________________________________

_____________________________________

_____________________________________

 

 

    	Exhibit C to Convertible Promissory Note,
Page 1

    	 

    

 

	Sincerely,	 
	 	 	 	 
	Lender:	 
	 	 	 	 
	Typenex Co-Investment, LLC	 
	 	 	 	 
	By: 	Red Cliffs Investments, Inc., its Manager	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	 	John M. Fife, PresidentExhibit 4.2

 

	TDCP	 	250,000 CONVERTIBLE NOTE	Interest free if paid in full 

within 3 months

 

FOR VALUE RECEIVED, 3DIcon Corp.,
a Oklahoma corporation (the “Issuer” of this Security) with at least 350,000,000 common shares issued and outstanding,
issues this Security and promises to pay to JMJ Financial, a Nevada sole proprietorship, or its Assignees (the “Investor”)
the Principal Sum along with the Interest Rate and any other fees according to the terms herein. This Note will become effective
only upon execution by both parties and delivery of the first payment of Consideration by the Investor (the “Effective Date”).

 

The Principal Sum is $250,000 (two hundred
fifty thousand) plus accrued and unpaid interest and any other fees. The Consideration is $225,000 (two hundred twenty five thousand)
payable by wire (there exists a $25,000 original issue discount (the “OID”)). The Investor shall pay $30,000 of Consideration
upon closing of this Note. The Investor may pay additional Consideration to the Issuer in such amounts and at such dates as the
Investor and Issuer agree. The Principal Sum due to THE Investor shall be prorated based
on the Consideration actually paid by Investor (plus an approximate 10% original issue discount that is prorated based on the Consideration
actually paid by the Investor as well as any other interest or fees) such
that the Issuer is only required to repay the amount funded and the Issuer is not required to repay any unfunded portion of this
Note. The Maturity Date is two years from the Effective Date of each payment (the “Maturity Date”) and is
the date upon which the Principal Sum of this Note, as well as any unpaid interest and other fees, shall be due and payable. The
Conversion Price is 70% of the lowest trade price in the 25 trading days previous to the conversion (In the case that conversion
shares are not deliverable by DWAC an additional 5% discount will apply; and if the shares are ineligible for deposit into the
DTC system and only eligible for Xclearing deposit an additional 7.5% discount shall apply; in the case of both an additional cumulative
12.5% discount shall apply). Unless otherwise agreed in writing by both parties, at no time will the Investor convert any amount
of the Note into common stock that would result in the Investor owning more than 4.99% of the common stock outstanding.

 

1.ZERO Percent Interest
for the First Three Months. The Issuer may repay this Note at any time on or before 90 days from the Effective Date, after
which the Issuer may not make further payments on this Note prior to the Maturity Date without written approval from the Investor.
If the Issuer repays a payment of Consideration on or before 90 days from the Effective Date of that payment, the Interest Rate
on that payment of Consideration shall be ZERO PERCENT (0%).  If the Issuer does not repay a payment of Consideration on or
before 90 days from its Effective Date, a one-time Interest charge of 5% shall be applied to the Principal Sum. Any interest payable
is in addition to the OID, and that OID (or prorated OID, if applicable) remains payable regardless of time and manner of payment
by the Issuer.

 

2.Conversion. The Investor has
the right, at any time after the Effective Date, at its election, to convert all or part of the outstanding and unpaid Principal
Sum and accrued interest (and any other fees) into shares of fully paid and non-assessable shares of common stock of the Issuer
as per this conversion formula: Number of shares receivable upon conversion equals the dollar conversion amount divided by the
Conversion Price. Conversions shall be delivered to the Issuer by method of the Investor’s choice (including but not limited
to email, facsimile, mail, overnight courier, or personal delivery), and all conversions shall be cashless and not require further
payment from the Investor. If no objection is delivered from the Issuer to the Investor regarding any variable or calculation of
the conversion notice within 24 hours of delivery of the conversion notice, the Issuer shall have been thereafter deemed to have
irrevocably confirmed and irrevocably ratified such notice of conversion and waived any objection thereto. The Issuer shall deliver
the shares from any conversion to the Investor (in any name directed by the Investor) within 3 (three) business days of conversion
notice delivery.

 

3.Conversion Delays. If the
Issuer fails to deliver shares in accordance with the timeframe stated in Section 2, the Investor, at any time prior to selling
all of those shares, may rescind any portion, in whole or in part, of that particular conversion attributable to the unsold shares
and have the rescinded conversion amount returned to the Principal Sum with the rescinded conversion shares returned to the Issuer
(under the Investor’s and the Issuer’s expectations that any returned conversion amounts will tack back to the original
date of the Note). In addition, for each conversion, in the event that shares are not delivered by the fourth business day (inclusive
of the day of conversion), a penalty of $1,000 per day will be assessed for each day after the third business day (inclusive of
the day of the conversion) until share delivery is made; and such penalty will be added to the Principal Sum of the Note (under
the Investor’s and the Issuer’s expectations that any penalty amounts will tack back to the original date of the Note).

 

4.Reservation of Shares. At
all times during which this Note is convertible, the Issuer will reserve from its authorized and unissued Common Stock to provide
for the issuance of Common Stock upon the full conversion of this Note. Upon the initial closing of this Note, the Issuer will
reserve at least 220,000,000 shares of Common Stock for conversion.

 

5.Piggyback Registration Rights.
The Issuer shall include on the next registration statement (other than on Form S-4 or Form S-8) the Issuer files with SEC (or
on the subsequent registration statement if such registration statement is withdrawn) all shares issuable upon conversion of this
Note, unless such shares may be sold under Rule 144. Failure to do so will result in liquidated damages of 25% of the outstanding
principal balance of this Note, but not less than $25,000, being immediately due and payable to the Investor at its election in
the form of cash payment or addition to the balance of this Note.

 

6.Terms of Future Financings.
So long as this Note is outstanding, upon any issuance by the Issuer or any of its subsidiaries of any security (in an amount under
$200,000) with any term more favorable to the holder of such security or with a term in favor of the holder of such security that
was not similarly provided to the Investor in this Note, then the Issuer shall notify the Investor of such additional or more favorable
term and such term, at the Investor’s option, shall become a part of the transaction documents with the Investor. The types
of terms contained in another security that may be more favorable to the holder of such security include, but are not limited to,
terms addressing conversion discounts, conversion lookback periods, interest rates, original issue discounts, stock sale price,
private placement price per share, and warrant coverage.

 

    	 

    	 

    

 

7.Default. The following are
events of default under this Note: (i) the Issuer shall fail to pay any principal under the Note when due and payable (or payable
by conversion) thereunder; or (ii) the Issuer shall fail to pay any interest or any other amount under the Note when due and payable
(or payable by conversion) thereunder; or (iii) a receiver, trustee or other similar official shall be appointed over the Issuer
or a material part of its assets and such appointment shall remain uncontested for twenty (20) days or shall not be dismissed or
discharged within sixty (60) days; or (iv) the Issuer shall become insolvent or generally fails to pay, or admits in writing its
inability to pay, its debts as they become due, subject to applicable grace periods, if any; or (v) the Issuer shall make a general
assignment for the benefit of creditors; or (vi) the Issuer shall file a petition for relief under any bankruptcy, insolvency or
similar law (domestic or foreign); or (vii) an involuntary proceeding shall be commenced or filed against the Issuer; or (viii)
the Issuer shall lose its status as “DTC Eligible” or the Issuer’s shareholders shall lose the ability to deposit
(either electronically or by physical certificates, or otherwise) shares into the DTC System; or (ix) the Issuer shall become delinquent
in its filing requirements as a fully-reporting issuer registered with the SEC; or (x) the Issuer shall fail to meet all requirements
to satisfy the availability of Rule 144 to the Investor or its assigns (and such failure is not cured within 10 days) including
but not limited to timely fulfillment of its filing requirements as a fully-reporting issuer registered with the SEC, requirements
for XBRL filings, and requirements for disclosure of financial statements on its website.

 

8.Remedies. In the event of
any default, the outstanding principal amount of this Note, plus accrued but unpaid interest, liquidated damages, fees and other
amounts owing in respect thereof through the date of acceleration, shall become, at the Investor’s election, immediately
due and payable in cash at the Mandatory Default Amount. The Mandatory Default Amount means the greater of (i) the outstanding
principal amount of this Note, plus all accrued and unpaid interest, liquidated damages, fees and other amounts hereon, divided
by the Conversion Price on the date the Mandatory Default Amount is either demanded or paid in full, whichever has a lower Conversion
Price, multiplied by the VWAP on the date the Mandatory Default Amount is either demanded or paid in full, whichever has a higher
VWAP, or (ii) 150% of the outstanding principal amount of this Note, plus 100% of accrued and unpaid interest, liquidated damages,
fees and other amounts hereon. Commencing five (5) days after the occurrence of any event of default that results in the eventual
acceleration of this Note, the interest rate on this Note shall accrue at an interest rate equal to the lesser of 18% per annum
or the maximum rate permitted under applicable law. In connection with such acceleration described herein, the Investor need not
provide, and the Issuer hereby waives, any presentment, demand, protest or other notice of any kind, and the Investor may immediately
and without expiration of any grace period enforce any and all of its rights and remedies hereunder and all other remedies available
to it under applicable law. Such acceleration may be rescinded and annulled by the Investor at any time prior to payment hereunder
and the Investor shall have all rights as a holder of the note until such time, if any, as the Investor receives full payment pursuant
to this Section 8. No such rescission or annulment shall affect any subsequent event of default or impair any right consequent
thereon. Nothing herein shall limit the Investor’s right to pursue any other remedies available to it at law or in equity
including, without limitation, a decree of specific performance and/or injunctive relief with respect to the Issuer’s failure
to timely deliver certificates representing shares of Common Stock upon conversion of the Note as required pursuant to the terms
hereof.

 

9.No Shorting. The Investor
agrees that so long as this Note from the Issuer to the Investor remains outstanding, the Investor will not enter into or effect
“short sales” of the Common Stock or hedging transaction which establishes a net short position with respect to the
Common Stock of the Issuer. The Issuer acknowledges and agrees that upon delivery of a conversion notice by the Investor, the Investor
immediately owns the shares of Common Stock described in the conversion notice and any sale of those shares issuable under such
conversion notice would not be considered short sales.

 

10.Assignability. The Issuer
may not assign this Note. This Note will be binding upon the Issuer and its successors and will inure to the benefit of the Investor
and its successors and assigns and may be assigned by the Investor to anyone without the Issuer’s approval.

 

11.Governing Law. This Note
will be governed by, and construed and enforced in accordance with, the laws of the State of Nevada, without regard to the conflict
of laws principles thereof. Any action brought by either party against the other concerning the transactions contemplated by this
Agreement shall be brought only in the state courts of Florida or in the federal courts located in Miami-Dade County, in the State
of Florida. Both parties and the individuals signing this Agreement agree to submit to the jurisdiction of such courts.

 

12.Delivery of Process by the Investor
to the Issuer. In the event of any action or proceeding by the Investor against the Issuer, and only by the Investor against
the Issuer, service of copies of summons and/or complaint and/or any other process which may be served in any such action or proceeding
may be made by the Investor via U.S. Mail, overnight delivery service such as FedEx or UPS, email, fax, or process server, or by
mailing or otherwise delivering a copy of such process to the Issuer at its last known attorney as set forth in its most recent
SEC filing.

 

13.Attorney Fees. If any attorney
is employed by either party with regard to any legal or equitable action, arbitration or other proceeding brought by such party
for enforcement of this Note or because of an alleged dispute, breach, default or misrepresentation in connection with any of the
provisions of this Note, the prevailing party will be entitled to recover from the other party reasonable attorneys' fees and other
costs and expenses incurred, in addition to any other relief to which the prevailing party may be entitled.

 

14.Opinion of Counsel. In the
event that an opinion of counsel is needed for any matter related to this Note, the Investor has the right to have any such opinion
provided by its counsel. Investor also has the right to have any such opinion provided by Issuer’s counsel.

 

15.Notices. Any notice required
or permitted hereunder (including Conversion Notices) must be in writing and either personally served, sent by facsimile or email
transmission, or sent by overnight courier. Notices will be deemed effectively delivered at the time of transmission if by facsimile
or email, and if by overnight courier the business day after such notice is deposited with the courier service for delivery.

 

    	 

    	 

    

 

 

	Issuer:	Investor:
	 	 
	 	 
	____________________________________________________	______________________________________________________
	Victor F. Keen	JMJ Financial
	3DIcon Corp.	Its Principal
	Chief Executive Officer	 
	 	 
	 	 
	 	 
	Date:  ____March 4, 2015________________________________	Date:  ____________________________________
	 	 

 

 

    	[Signature Page to $250,000 Convertible Note]

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