Document:

Exhibit 10.2

 

Amendment
No 1

to security Agreement and subsidiary guarantee
of

spectrum global solutions, inc.

 

Amendment No 1 (this
“Amendment”), dated as of May 18, 2018, by and among Dominion Capital LLC, a Delaware limited liability company
(the “Lender”), Spectrum Global Solutions, Inc., a Nevada corporation (the “Borrower”) and
the subsidiaries of the Borrower party hereto (the “Subsidiary Guarantors” and, together with the Borrower,
the “Debtors”) to each of the Security Agreement, dated as of April 23, 2018 among the Lender, the Borrower
the Subsidiary Guarantors and other subsidiaries and affiliates of the Borrower from time to time party thereto as guarantors (as
modified to the date hereof, the “Security Agreement”) and the Subsidiary Guarantee, dated as of April 23, 2018,
among the Guarantors and the Lender (as modified to the date hereof, the “Guarantee” and, together with the
Security Agreement, the “Agreements”).

 

W
i t n e s s e t h:

 

Whereas,
the Borrower, the Guarantors and the Lender are party to the Agreements that guarantee and secure the Existing Notes under the
Existing Purchase Agreement;

 

WHEREAS, the Borrower
and the Lender have entered into the Securities Purchase Agreement, dated as of the date hereof, between the Borrower and the Purchaser
(the “New Securities Purchase Agreement”), for the Lender to purchase the Note and other Securities from the
Borrower and make certain other agreements; and

 

WHEREAS, the Borrower,
the Guarantors and the Lender wish to enter into this Amendment to guarantee and secure the Note and make the other amendments
to the Agreements set forth below;

 

Now,
Therefore, the parties hereto agree as follows:

 

Section 1. Definitions.
Capitalized terms used herein but not defined herein are used as defined in the New Securities Purchase Agreement.

 

Section 2. Amendments
to the Security Agreement. The Security Agreement is, effective as of the date first written above and subject to the satisfaction
(or due waiver) of the conditions set forth in Section 2.4 (Closing Conditions) to the New Securities Purchase Agreement,
hereby amended as follows (with bold, underline, indenting and other formatting modified to conform to the formatting of the Security
Agreement):

 

(a) Global
Amendments. The phrases “for the benefit of the Secured Lender”, “in favor of the Secured Lender” and
“on behalf of the Secured Lender” shall respectively be replaced in their entirety with the phrases “for the
benefit of the Secured Parties”, “in favor of the Secured Parties” and “on behalf of the Secured Parties”
wherever they appear in the Security Agreement. The phrases “Secured Lender’s security interest” (or, as the
case may be, “Secured Lender’ security interest”) and “Secured Lender’s rights” (or, as the
case may be, “Secured Lender’ rights”) shall respectively be replaced in their entirety with the phrase “Secured
Parties’ security interest” and “Secured Parties’ rights” wherever they appear in the Security Agreement.
After such changes are made, the phrase “the Secured Lender” (or, as the case may be, “Secured Lender”)
are hereby replaced in its entirety with the phrase “each Secured Party” in each of the following sections: Section
1(a) (the definition of “Collateral”), Section 2 (Grant of Security Interest in Collateral), the last line of the lead-in
to Section 4, the fifth and eighth lines of Section 4(p), the fourth line of Section 4(s), the last line of Section 4(ee), the
third line of Section 4(gg), the fifth line of Sections 4(nn), Section 7, the first line of Section 8(a), the first line of Section
8(c), the eighth and twelfth line and the last sentence of Section 9 (provided that the last mention of “the Secured Lender”
in such section shall be replaced by “such Secured Party” instead), Section 13, Section 19(j), Section 19(k) and the
third paragraph of Annex A. The phrase “and the Secured Lender” in the third line of Section 8(c) and the second line
of Section 19(k) is hereby deleted in its entirety.

 

     

     

    

 

Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

(b) Amendments
to the Preamble. The preamble is hereby amended and restated to read in its entirety as follows:

 

This SECURITY
AGREEMENT, dated as of April 23, 2018 (this “Agreement”), is among Spectrum Global Solutions, Inc., a Nevada
corporation (the “Company”), any subsidiary and affiliate of the Company that is a signatory hereto either now
or joined in the future (such subsidiaries, the “Guarantors” and, together with the Company, the “Debtors”)
and Dominion Capital LLC, a Delaware limited liability company (together with its successors and permitted assigns, the “Secured
Lender”).

 

(c) Amendments
to the Recitals. The last recital is hereby amended and restated to read in its entirety as follows:

 

WHEREAS,
in order to induce the Secured Lender to fund the Company, each Debtor has agreed to execute and deliver to the Secured Lender
this Agreement and to grant the Secured Parties a security interest in certain property of such Debtor to secure the prompt payment,
performance and discharge in full of all of the Company’s obligations under the Transaction Documents (as defined in the
Purchase Agreement) and the obligations required by any guarantors under any guarantee that now or hereinafter may come into effect.

 

(d) Amendments
to Section 1 (Certain Definitions). The following definitions are hereby inserted in Section 1.1 (Definitions) of the
Security Agreement in the appropriate place to preserve the alphabetical order of the definitions in such section (and, if applicable,
the following definitions shall replace in their entirety existing definitions for the corresponding terms in such section):

 

“New Note”
means that certain Senior Secured Promissory Note, dated as of May 18, 2018, between the Company, as issuer, and the Secured Lender,
as purchaser.

 

“New Securities”
means the “Securities” under and as defined in the New Securities Purchase Agreement.

 

“New Securities Purchase
Agreement” means the Securities Purchase Agreement, dated as of May 18 2018, between the Company and the Secured Lender.

 

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Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

“Obligations”
means all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several) due or to become
due, or that are now or may be hereafter contracted or acquired, or owing to, of any Debtor to the Secured Lender or any other
Purchaser Party pursuant to this Agreement, the Securities, the New Securities, the Subsidiary Guarantee, the Purchase Agreement,
the New Securities Purchase Agreement, the other Transaction Documents (as defined in the Purchase Agreement), and any other instruments,
agreements or other documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter
existing, voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly
owed with others, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and
all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or
recovered directly or indirectly from the Secured Lender or any other Purchaser Party as a preference, fraudulent transfer or otherwise
as such obligations may be amended, supplemented, converted, extended or modified from time to time.  Without limiting
the generality of the foregoing, the term “Obligations” shall include, without limitation: (i) principal of, interest,
and any other amounts owed on the Note or the New Note as set forth in the Note or, as the case may be, the New Note; (ii) any
and all obligations due under the Transaction Documents (as defined in the Purchase Agreement), (iii) any and all other fees, indemnities,
costs, obligations and liabilities of the Debtors from time to time under or in connection with this Agreement, the Securities,
the New Securities the other Transaction Documents (as defined in the Purchase Agreement) and any other instruments, agreements
or other documents executed and/or delivered in connection herewith or therewith; and (iv) all amounts (including but not limited
to post-petition interest) in respect of the foregoing that would be payable but for the fact that the obligations to pay such
amounts are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving
any Debtor.

 

“Secured Party”
means each of the Secured Lender, the Purchaser Parties and each other holder of any Obligation.

 

(e) Other
Amendments

 

(i) Section 13
(Security Interests Absolute) of the Security Agreement is hereby amended and restated to read in its entirety as follows:

 

13. Security
Interests Absolute. All rights of the Secured Parties and all obligations of each Debtor hereunder, shall be absolute and unconditional,
irrespective of: (a) any lack of validity or enforceability of this Agreement, the Securities, the New Securities, the Purchase
Agreement, the New Securities Purchase Agreement, the Transaction Documents (as defined in the Purchase Agreement), or any agreement
entered into in connection with the foregoing, or any portion hereof or thereof, against any other Debtor or Guarantor; (b) any
change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any
other amendment or waiver of or any consent to any departure from the Transaction Documents (as defined in the Purchase Agreement)
or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the
Collateral, or any release or amendment or waiver of or consent to departure from any other collateral for, or any guarantee, or
any other security, for all or any of the Obligations; (d) any action by any Secured Party to obtain, adjust, settle and cancel
in its sole discretion any insurance claims or matters made or arising in connection with the Collateral; or (e) any other circumstance
which might otherwise constitute any legal or equitable defense available to a Debtor, or a discharge of all or any part of the
Security Interests granted hereby.  Until the Obligations shall have been paid and performed in full, the rights of the
Secured Parties shall continue even if the Obligations are barred for any reason, including, without limitation, the running of
the statute of limitations.  Each Debtor expressly waives presentment, protest, notice of protest, demand, notice of
nonpayment and demand for performance. In the event that at any time any transfer of any Collateral or any payment received by
any Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference
or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to
any party other than such Secured Party, then, in any such event, each Debtor’s obligations hereunder shall survive cancellation
of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement,
but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof.  Each
Debtor waives all right to require any Secured Party to proceed against any other person or entity or to apply any Collateral which
any Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. Each Debtor waives any defense arising
by reason of the application of the statute of limitations to any obligation secured hereby.

 

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Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

(ii) Clauses
(a) and (b) of Section 19 (Miscellaneous) of the Security Agreement are hereby amended and restated to read in their entirety
as follows:

 

(a) No
course of dealing between the Debtors and any Secured Party, nor any failure to exercise, nor any delay in exercising, on the part
of any Secured Party, any right, power or privilege hereunder or under the Transaction Documents (as defined in the Purchase Agreement)
shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or thereunder
preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

 

(b) All
of the rights and remedies of each Secured Party with respect to the Collateral, whether established hereby, the Securities or
the Transaction Documents (as defined in the Purchase Agreement) or by any other agreements, instruments or documents or by law
shall be cumulative and may be exercised singly or concurrently.

 

(iii) A
new section 20 is hereby inserted in the Security Agreement immediately after Section 19 of the Security Agreement to read in its
entirety as follows:

 

20  References
to Agreements and Regulations. Any reference to any agreement, contract, law, rule or regulation in this Agreement shall be
construed as a reference to such agreement, contract, law, rule or regulation as the same may be amended, supplemented, replaced
(and, in the case of an agreement or contract, any reference to any party thereto shall include any reference to their successors
and permitted assigns).

 

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Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

Section 3. Amendments
to the Guarantee. The Guarantee is, effective as of the date first written above and subject to the satisfaction (or due waiver)
of the conditions set forth in Section 2.4 (Closing Conditions) to the New Securities Purchase Agreement, hereby
amended as follows (with bold, underline, indenting and other formatting modified to conform to the formatting of the Guarantee):

 

(a) Global
Amendments.

 

(i) The
phrase “the Debentures” is hereby replaced in its entirety with the phrase “the Notes and the New Notes”
wherever it appears in the Guarantee.

 

(ii) The
phrase “the Purchasers” is hereby replaced in its entirety with the phrase “the Secured Parties” in the
following sections of the Guarantee: in the last line of the preamble, Section 2, 3, 4(a), 5(c) through (p) and Annex 1

 

(iii) The
phrase “any Purchaser” is hereby replaced in its entirety with the phrase “any Secured Party” wherever
it appears in the Guarantee.

 

(b) Amendments
to Section 1 (Certain Definitions). The following definitions are hereby inserted in Section 1.1 (Certain Definitions)
of the Guarantee in the appropriate place to preserve the alphabetical order of the definitions in such section (and, if applicable,
the following definitions shall replace in their entirety existing definitions for the corresponding terms in such section):

 

“New Note”
means that certain Senior Secured Promissory Note, dated as of May 18 2018, between the Company, as issuer, and the Secured Lender,
as purchaser.

 

“New Securities”
means the “Securities” under and as defined in the New Securities Purchase Agreement.

 

“New Securities Purchase
Agreement” means the Securities Purchase Agreement, dated as of May 18 2018, between the Company and the Secured Lender.

 

“Obligations”
means, , in addition to all other costs and expenses of collection incurred by Purchasers in enforcing any of such Obligations
and/or this Guarantee, all of the liabilities and obligations (primary, secondary, direct, contingent, sole, joint or several)
due or to become due, or that are now or may be hereafter contracted or acquired, or owing to, of the Company or any Guarantor
to the Purchasers, pursuant to this Guarantee, the Securities, the New Securities, the Security Agreement, the Purchase Agreement,
the New Securities Purchase Agreement, the other Transaction Documents (as defined in the Purchase Agreement), and any other instruments,
agreements or other documents executed and/or delivered in connection herewith or therewith, in each case, whether now or hereafter
existing, voluntary or involuntary, direct or indirect, absolute or contingent, liquidated or unliquidated, whether or not jointly
owed with others, and whether or not from time to time decreased or extinguished and later increased, created or incurred, and
all or any portion of such obligations or liabilities that are paid, to the extent all or any part of such payment is avoided or
recovered directly or indirectly from any Purchaser or any other Purchaser Party as a preference, fraudulent transfer or otherwise
as such obligations may be amended, supplemented, converted, extended or modified from time to time.  Without limiting
the generality of the foregoing, the term “Obligations” shall include, without limitation: (i) principal of, interest,
and any other amounts owed on the Note as set forth in the Note or, as the case may be, the New Note; (ii) any and all obligations
due under the Transaction Documents (as defined in the Purchase Agreement), (iii) any and all other fees, indemnities, costs, obligations
and liabilities of the Debtors from time to time under or in connection with this Agreement, the Securities, the other Transaction
Documents (as defined in the Purchase Agreement) and any other instruments, agreements or other documents executed and/or delivered
in connection herewith or therewith; and (iv) all amounts (including but not limited to post-petition interest) in respect of the
foregoing that would be payable but for the fact that the obligations to pay such amounts are unenforceable or not allowable due
to the existence of a bankruptcy, reorganization or similar proceeding involving any Debtor.

 

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Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

“Secured Party”
means each of the Purchasers, the Purchaser Parties and each other holder of any Obligation.

 

(c) Other
Amendments. A new section 6 is hereby inserted in the Security Agreement immediately after Section 5 of the Security Agreement
to read in its entirety as follows:

 

6 References
to Agreements and Regulations. Any reference to any agreement, contract, law, rule or regulation in this Guarantee shall be
construed as a reference to such agreement, contract, law, rule or regulation as the same may be amended, supplemented, replaced
(and, in the case of an agreement or contract, any reference to any party thereto shall include any reference to their successors
and permitted assigns).

 

Section 4. Conditions
Precedent to the Effectiveness of this Amendment. This Amendment shall become effective as of the date first written above
(the “Amendment Effective Date”) when, and only when, executed by the Lender and the Borrower and each Debtor
party hereto. 

 

Section 5. Representations
and Warranties. On and as of the date hereof and as of the Conditions Precedent Date, after giving effect to this Amendment,
each Debtor hereby represents and warrants to the Lender as follows:

 

(a) Binding
Obligation. This Amendment has been duly authorized, executed and delivered by such Debtor and constitutes a legal, valid and
binding obligation of the Borrower, enforceable against such Debtor in accordance with its terms and the Agreements and other Transaction
Documents as modified by this Amendment;

 

(b) Representations
and Warranties in Agreements. Each of the representations and warranties of such Debtor contained any Transaction Document
(as modified hereby) or in any certificate, document or financial or other statement furnished at any time under or in connection
therewith is true in all material respects on and as of the date hereof and the Amendment Effective Date, in each case as if made
on and as of such date and except to the extent that such representations and warranties expressly relate to a specific date, in
which case such representations and warranties shall be true in all material respects as of such specific date, after giving effect
to this Amendment; and

 

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Amendment
No 1

to Security agreement and subsidiary guarantee

spectrum
global solutions, inc.

 

(c) No
Litigation or Defense. No litigation has been commenced or threatened against such Debtor seeking to restraint or enjoin (whether
temporarily, preliminarily or permanently) the performance of any action by such Debtor required or contemplated by the terms of
this Amendment or any other Transaction Document as modified hereby, and there exists no cause of action, offset, claim, counterclaim
or defense, whether or not asserted, against the Lender or any of its Related Parties (as defined below) with respect to the Obligations
under any Transaction Document.

 

Section 6. Release.
In further consideration for the execution by the Lender of this Amendment and without limiting any rights or remedies the Lender
may have, the Borrower hereby releases the Lender and each Purchaser Party (each a “Releasee” and, collectively,
the “Releasees”) from any and all Claims that the Borrower has or may have against any Releasee, whether or
not relating to any Transaction Document, Obligation, Collateral, or legal relationship that exists or may exist between any Releasee
and the Borrower. As used in this ‎Section 6, “Claims”
means all liabilities, rights, demands, covenants, duties, obligations (including, without limitation, indebtedness, receivables
and other contractual obligations), claims, actions and causes of actions, suits, disputes, judgments, damages, losses, debts,
responsibilities, fines, penalties, sanctions, commissions and interest, disbursements, taxes, charges, costs, fees and expenses
(including, without limitation, fees, charges and disbursements of financial, legal and other advisors, consultants and professionals
and, if applicable, any value-added and other taxes and charges thereon), in each case of any kind or nature, whether joint or
several, whether now existing or hereafter arising and however acquired and whether or not known, asserted, direct, contingent,
liquidated, due, consequential, actual, punitive or treble.

 

Section 7. Reaffirmation
of Obligations. Each Debtor hereby reaffirms (a) all of its obligations and liabilities (as expressly modified hereby
and by the New Securities Purchase Agreement and the Note) under the Transaction Documents applicable to it (as expressly modified
hereby and by the New Securities Purchase Agreement and the Note) and agrees that such obligations and liabilities shall remain
in full force and effect, (b) the Liens granted by it under the Transaction Documents (as expressly modified hereby and by
the New Securities Purchase Agreement and the Note), and agrees that such Liens shall continue to secure the “Obligations”
(as defined therein and expressly modified hereby and by the New Securities Purchase Agreement and the Note), and (c) the
validity and enforceability of the Transaction Documents as it applies to it (as expressly modified hereby and by the New Securities
Purchase Agreement and the Note).

 

Section 8. Effect
on the Transaction Documents. This Amendment is a Transaction Document, as well as a “Transaction Document” as
defined in the Existing Purchase Agreement, and is limited as written. As of the date each modification set forth herein shall
become effective, each reference in either Agreement to “this Agreement,” “hereunder,” “hereof,”
“herein,” or words of like import, and each reference in the other Transaction Documents to such Agreement (including,
without limitation, by means of words like “thereunder,” “thereof” and words of like import),
shall refer to such Agreement as modified thereby, and this Amendment and such Agreement shall be read together and construed as
a single agreement. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein,
(a) waive or modify any right, power or remedy under, or any other provision of, any Transaction Document or (b) commit
or otherwise obligate the Lender to enter into or consider entering into any other waiver or modification of any Transaction Document.

 

Section 9. Waiver
of Jury Trial; Miscellaneous. Headings are for convenience only and do not form part of this Amendment, except when used to
reference an article or section, in which case such title reference shall govern absent manifest error in case of conflict. All
communications and notices hereunder shall be given as provided in the Transaction Documents. This Amendment (a) shall be
governed by and construed in accordance with the law of the State of New York, (b) is for the exclusive benefit of the parties
hereto and, together with the other Transaction Documents, constitutes the entire agreement of such parties, superseding all prior
agreements among them, with respect to the subject matter hereof, (c) may be modified, waived or assigned only in writing
and only to the extent such modification, waiver or assignment would be permitted under the Transaction Documents (and any attempt
to assign this Amendment without such writing shall be null and void), (d) may be executed in counterparts, which may be effectively
transmitted by fax or e-mail (in each case return receipt requested and obtained) and which, together, shall constitute one and
the same instrument, (e) is a negotiated document, entered into freely among the parties upon advice of their own counsel,
and it should not be construed against any of its drafters and (f) shall survive the satisfaction or discharge of the “Obligations”
as defined in either Agreement as modified hereby. The fact that any term or provision of this Amendment is held invalid, illegal
or unenforceable as to any person in any situation in any jurisdiction shall not affect the validity, enforceability or legality
of the remaining terms or provisions hereof or the validity, enforceability or legality of such offending term or provision in
any other situation or jurisdiction or as applied to any person. Each party hereto hereby
irrevocably and unconditionally waives any right to trial by jury with respect to this Amendment.

 

[Signature
Pages Follow]

 

    - 7 -

     

    

 

In
Witness Whereof, the parties hereto have caused this Amendment to be executed by their respective officers and general partners
thereunto duly authorized, as of the date first written above.

 

	 	Dominion Capital LLC,
	 	as Lender
	 	By: Dominion Capital Holdings LLC,
	 	its Manager
	 	 	 	 
	 	By:	 	 
	 	 	Name:	Mikhail Gurevich
	 	 	Title:	Managing Member
	 	 	 	 
	 	Spectrum Global Solutions, Inc.,
	 	as Borrower
	 	 	 	 
	 	By:	 	 
	 	 	Name:	 
	 		Title:	 

 

Signature
Page to Amendment No 1

TO the security agreement and subsidiary guarantee

of spectrum global solutions, inc.

 

     

     

    

 

	 	AW SOLUTIONS, INC.,
	 	as Subsidiary Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	AW SOLUTIONS PUERTO RICO, LLC,
	 	as Subsidiary Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	TROPICAL COMMUNICATIONS, INC.,
	 	as Subsidiary Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	ADEX CORP.,
	 	as Subsidiary Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	ADEX PUERTO RICO, LLC,
	 	as Subsidiary Guarantor
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Signature
Page to Amendment No 1

TO the security agreement and subsidiary guarantee

of spectrum global solutions, inc.Exhibit
4.1

 

Execution
Copy

 

 

REGISTRATION
RIGHTS AGREEMENT

 

REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of May 15, 2018, by and between MYND ANALYTICS, INC.,
a Delaware corporation (the “Company”), and ASPIRE CAPITAL FUND, LLC, an Illinois limited liability
company (together with its permitted assigns, the “Buyer”). Capitalized terms used herein and not otherwise
defined herein shall have the respective meanings set forth in the Common Stock Purchase Agreement by and between the parties
hereto, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Purchase
Agreement”).

 

WHEREAS:

 

A.       Upon
the terms and subject to the conditions of the Purchase Agreement, (i) the Company has agreed to issue to the Buyer, and
the Buyer has agreed to purchase, up to Ten Million Dollars ($10,000,000) of the Company’s common stock, par value $0.001
per share (the “Common Stock”), pursuant to Section 1 of the Purchase Agreement (such shares, the “Purchase
Shares”), and (ii) the Company has agreed to issue to the Buyer such number of shares of Common Stock as is required
pursuant to Section 4(e) of the Purchase Agreement (the “Commitment Shares”); and

 

B.       To
induce the Buyer to enter into the Purchase Agreement, the Company has agreed to provide certain registration rights under the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the “1933 Act”), and applicable state securities laws.

 

NOW,
THEREFORE, in consideration of the promises and the mutual covenants contained herein and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Company and the Buyer hereby agree as follows:

 

1.             DEFINITIONS.

 

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

 

a.       “Person”
means any person or entity including any corporation, a limited liability company, an association, a partnership, an organization,
a business, an individual, a governmental or political subdivision thereof or a governmental agency.

 

b.       “Register,”
“registered,” and “registration” refer to a registration effected by preparing and filing
one or more registration statements of the Company in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act
or any successor rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration
or ordering of effectiveness of such registration statement(s) by the U.S. Securities and Exchange Commission (the “SEC”).

 

 

c.       “Registrable
Securities” means (i) all of the Commitment Shares and (ii) such number of additional Purchase Shares as reasonably
determined by the Company, which may from time to time be, issued or issuable to the Buyer upon purchases of the Available Amount
under the Purchase Agreement, and any shares of capital stock issued or issuable with respect to the Purchase Shares, the Commitment
Shares or the Purchase Agreement as a result of any stock split, stock dividend, recapitalization, exchange or similar event,
without regard to any limitation on purchases under the Purchase Agreement.

 

     

     

    

 

d.       “Registration
Statement” means a registration statement of the Company covering only the sale of the Registrable Securities.

 

		2.	REGISTRATION.

 

a.       Mandatory
Registration. The Company shall within Ten (10) Business days from the date hereof file with the SEC the Registration Statement.
The Registration Statement shall register only the Registrable Securities and no other securities of the Company. Except as provided
herein, the Buyer and its counsel shall have a reasonable opportunity to review and comment upon such Registration Statement or
any amendment to such Registration Statement and any related prospectus prior to its filing with the SEC. The Buyer shall furnish
all information reasonably requested by the Company for inclusion therein. The Company shall use its reasonable best efforts to
have the Registration Statement or any amendment declared effective by the SEC as soon as reasonably practicable. Subject to Permitted
Delays (as defined below) and Section 3(e), the Company shall use reasonable best efforts to keep the Registration Statement effective
pursuant to Rule 415 promulgated under the 1933 Act and available for sales of all of the Registrable Securities at all times
until the earlier of (i) the date as of which the Buyer may sell all of the Registrable Securities without restriction pursuant
to Rule 144 promulgated under the 1933 Act (or successor thereto) or (ii) the date on which the Buyer shall have sold all the
Registrable Securities and no Available Amount remains under the Purchase Agreement (the “Registration Period”).
Except as contemplated in Section 3(e), and except with respect to the information furnished in writing to the Company by the
Buyer expressly for use in connection with the preparation of the Registration Statement and any amendments or supplements thereto
or prospectus contained therein (as to which the Company makes no representation or warranty), the Registration Statement (including
any amendments or supplements thereto and prospectuses contained therein) shall not contain any untrue statement of a material
fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein, in light of
the circumstances under which they were made, not misleading.

 

b.       Rule
424 Prospectus. The Company shall, as required by applicable securities regulations, from time to time file with the SEC,
pursuant to Rule 424 promulgated under the 1933 Act, a prospectus and prospectus supplements, if any, to be used in connection
with sales of the Registrable Securities under the Registration Statement. The Buyer and its counsel shall have two (2) Business
Days to review and comment upon such prospectus prior to its filing with the SEC. The Buyer shall use its reasonable best efforts
to comment upon such prospectus within two (2) Business Days from the date the Buyer receives the final version of such prospectus.

 

c.       Sufficient
Number of Shares Registered. In the event the number of shares available under the Registration Statement is insufficient
to cover the Registrable Securities, the Company shall, to the extent necessary and permissible, amend the Registration Statement
or file a new registration statement (a “New Registration Statement”), so as to cover all such Registrable
Securities as soon as practicable, but in any event not later than ten (10) Business Days after the necessity therefor arises.
The Company shall use its reasonable best efforts to have such amendment and/or New Registration Statement become effective as
soon as reasonably practicable following the filing thereof.

 

    2 

     

    

 

		3.	RELATED
OBLIGATIONS.

 

With
respect to the Registration Statement and whenever any Registrable Securities are to be registered pursuant to Sections 2(a) and
(c), including on any New Registration Statement, the Company shall use its reasonable best efforts to effect the registration
of the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company
shall have the following obligations:

 

a.       The
Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to any Registration
Statement and the prospectus used in connection with such Registration Statement, as may be necessary to keep the Registration
Statement or any New Registration Statement effective at all times during the Registration Period, subject to Permitted Delays
and Section 3(e) and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable
Securities of the Company covered by the Registration Statement or any New Registration Statement until such time as all of such
Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers
thereof as set forth in such Registration Statement. Should the Company file a post-effective amendment to the Registration Statement
or a New Registration Statement, the Company will use its reasonable best efforts to have such filing declared effective by the
SEC within thirty (30) consecutive Business Days following the date of filing, which such period shall be extended for an additional
thirty (30) Business Days if the Company receives a comment letter from the SEC in connection therewith. If (i) there is material
non-public information regarding the Company which the Company’s Board of Directors reasonably determines not to be in the
Company’s best interest to disclose and which the Company is not otherwise required to disclose or (ii) there is a significant
business opportunity (including, but not limited to, the acquisition or disposition of assets (other than in the ordinary course
of business) or any merger, consolidation, tender offer or other similar transaction) available to the Company which the Company’s
Board of Directors reasonably determines not to be in the Company’s best interest to disclose and which the Company would
be required to disclose under a Registration Statement or a New Registration Statement, then the Company may postpone or suspend
filing or effectiveness of such Registration Statement or New Registration Statement or use of the prospectus under the Registration
Statement or New Registration Statement for a period not to exceed thirty (30) consecutive days, provided that the Company may
not postpone or suspend its obligation under this Section 3(a) for more than sixty (60) days in the aggregate during any twelve
(12) month period (each, a “Permitted Delay”).

 

b.       The Company shall submit to the Buyer for review and comment
any disclosure in the Registration Statement, any New Registration Statement and all amendments and supplements thereto (other
than prospectus supplements that consist only of a copy of a filed Form 10-K, Form 10-Q or a Current Report on Form 8-K or any
amendment as a result of the Company’s filing of a document that is incorporated by reference into the Registration Statement
or New Registration Statement) containing information provided by the Buyer for inclusion in such document and any descriptions
or disclosure regarding the Buyer, the Purchase Agreement, including the transaction contemplated thereby, or this Agreement at
least two (2) Business Days prior to their filing with the SEC, and not file any document in a form to which Buyer reasonably and
timely objects. Upon request of the Buyer, the Company shall provide to the Buyer all disclosure in the Registration Statement
or any New Registration Statement and all amendments and supplements thereto (other than prospectus supplements that consist only
of a copy of a filed Form 10-K, Form 10-Q or Current Report on Form 8-K or any amendment as a result of the Company’s filing
of a document that is incorporated by reference into the Registration Statement or New Registration Statement) at least two (2)
Business Days prior to their filing with the SEC, and
not file any document in a form to which Buyer reasonably and timely objects. The Buyer shall use its reasonable best efforts to
comment upon the Registration Statement or any New Registration Statement and any amendments or supplements thereto within two
(2) Business Days from the date the Buyer receives the final version thereof. The Company shall furnish to the Buyer, without charge,
any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to the Registration Statement
or any New Registration Statement. 

 

    3 

     

    

 

c.       Upon
request of the Buyer, the Company shall furnish to the Buyer, (i) promptly after the same is prepared and filed with the SEC,
at least one copy of the Registration Statement and any amendment(s) thereto, including financial statements and schedules, all
documents incorporated therein by reference and all exhibits, (ii) upon the effectiveness of a Registration Statement, a copy
of the prospectus included in such Registration Statement and all amendments and supplements thereto (or such other number of
copies as the Buyer may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus,
as the Buyer may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned
by the Buyer.

 

d.       The
Company shall use reasonable best efforts to (i) register and qualify, unless an exemption from registration and qualification
is available, the Registrable Securities covered by a Registration Statement under such other securities or “blue sky”
laws of such jurisdictions in the United States as the Buyer reasonably requests, (ii) subject to Permitted Delays, prepare and
file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such registrations and qualifications
as may be necessary to maintain the effectiveness thereof during the Registration Period, (iii) take such other actions as may
be necessary to maintain such registrations and qualifications in effect at all times during the Registration Period, and (iv)
take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions;
provided, however, that the Company shall not be required in connection therewith or as a condition thereto to (x) qualify to
do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(d), (y) subject itself
to general taxation in any such jurisdiction, or (z) file a general consent to service of process in any such jurisdiction. The
Company shall promptly notify the Buyer who holds Registrable Securities of the receipt by the Company of any notification with
respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities
or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threat
of any proceeding for such purpose.

 

e.       Subject
to Permitted Delays, as promptly as reasonably practicable after becoming aware of such event or facts, the Company shall notify
the Buyer in writing if the Company has determined that the prospectus included in any Registration Statement, as then in effect,
includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were made, not misleading, and as promptly as reasonably
practical (taking into account the Company’s good faith assessment of any adverse consequences to the Company and its stockholders
of premature disclosure of such event or facts) prepare a prospectus supplement or amendment to such Registration Statement to
correct such untrue statement or omission, and, upon the Buyer’s request, deliver a copy of such prospectus supplement or
amendment to the Buyer. In providing this notice to the Buyer, the Company shall not include any other information about the facts
underlying the Company’s determination and shall not in any way communicate any material nonpublic information about the
Company or the Common Stock to the Buyer. The Company shall also promptly notify the Buyer in writing (i) when a prospectus or
any prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or any post-effective
amendment has become effective (notification of such effectiveness shall be delivered to the Buyer by facsimile or e-mail on the
same day of such effectiveness), (ii) of any request by the SEC for amendments or supplements to any Registration Statement or
related prospectus or related information, and (iii) of the Company’s reasonable determination that a post-effective amendment
to a Registration Statement would be appropriate. In no event shall the delivery of a notice under this Section 3(e), or the resulting
unavailability of a Registration Statement, without regard to its duration, for disposition of securities by Buyer be considered
a breach by the Company of its obligations under this Agreement. The preceding sentence in this Section 3(e) does not limit whether
an event of default has occurred as set forth in Section 9(a) of the Purchase Agreement.

 

    4 

     

    

 

f.       The
Company shall use its reasonable best efforts to prevent the issuance of any stop order or other suspension of effectiveness of
any Registration Statement, or the suspension of the qualification of any Registrable Securities for sale in any jurisdiction
and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the earliest practical
time and to notify the Buyer of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation
or threat of any proceeding for such purpose.

 

g.       The
Company shall (i) cause all the Registrable Securities to be listed on each securities exchange on which securities of the same
class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then permitted
under the rules of such exchange, or (ii) secure designation and quotation of all the Registrable Securities if the Principal
Market (as such term is defined in the Purchase Agreement) is an automated quotation system. The Company shall pay all fees and
expenses in connection with satisfying its obligation under this Section.

 

h.       The
Company shall cooperate with the Buyer to facilitate the timely preparation and delivery of certificates (not bearing any restrictive
legend) representing the Registrable Securities to be offered pursuant to any Registration Statement and enable such certificates
to be in such denominations or amounts as the Buyer may reasonably request and registered in such names as the Buyer may request.

 

i.       The
Company shall at all times provide a transfer agent and registrar with respect to its Common Stock.

 

j.       If
reasonably requested by the Buyer, the Company shall (i) promptly incorporate in a prospectus supplement or post-effective amendment
to the Registration Statement such information as the Buyer believes should be included therein relating to the sale and distribution
of Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being
sold, the purchase price being paid therefor and any other terms of the offering of the Registrable Securities; (ii) make all
required filings of such prospectus supplement or post-effective amendment promptly after being notified of the matters to be
incorporated in such prospectus supplement or post-effective amendment; and (iii) supplement or make amendments to any Registration
Statement (including by means of any document incorporated therein by reference).

 

k.       The
Company shall use its reasonable best efforts to cause the Registrable Securities covered by any Registration Statement to be
registered with or approved by such other governmental agencies or authorities in the United States as may be necessary to consummate
the disposition of such Registrable Securities.

 

    5 

     

    

 

l.       Within one (1) Business Day after any Registration Statement
is ordered effective by the SEC, the Company shall deliver to the Transfer Agent for such Registrable Securities (with copies to
the Buyer) confirmation that such Registration Statement has been declared effective by the SEC in the form attached hereto as
Exhibit A. Thereafter, if reasonably requested by the Buyer at any time, the Company shall deliver to the Buyer a written
confirmation of whether or not the effectiveness of such Registration Statement has lapsed at any time for any reason (including,
without limitation, the issuance of a stop order) and whether or not the Registration Statement is currently effective and available
to the Buyer for sale of all of the Registrable Securities.

 

m.       The
Company agrees to take all other reasonable actions as necessary and reasonably requested by the Buyer to expedite and facilitate
disposition by the Buyer of Registrable Securities pursuant to any Registration Statement.

 

		4.	OBLIGATIONS
OF THE BUYER.

 

a.       The
Buyer has furnished to the Company in Exhibit B hereto such information regarding itself, the Registrable Securities held
by it and the intended method of disposition of the Registrable Securities held by it as required to effect the registration of
such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably
request. The Company shall notify the Buyer in writing of any other information the Company reasonably requires from the Buyer
in connection with any Registration Statement hereunder. The Buyer will as promptly as practicable notify the Company of any material
change in the information set forth in Exhibit B, other than changes in its ownership of the Common Stock.

 

b.       The
Buyer agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing
of any amendments and supplements to any Registration Statement hereunder.

 

c.       The
Buyer agrees that, upon receipt of any notice from the Company of the happening of any event or existence of facts of the kind
described in Section 3(f) or any notice of the kind described in the first sentence of Section 3(e), the Buyer will immediately
discontinue disposition of Registrable Securities pursuant to any registration statement(s) covering such Registrable Securities
until the Buyer’s receipt (which may be accomplished through electronic delivery) of the copies of the filed supplemented
or amended registration statement and/or prospectus contemplated by Section 3(f) or the first sentence of Section 3(e). In addition,
upon receipt of any notice from the Company of the kind described in the first sentence of Section 3(e), the Buyer will immediately
discontinue purchases or sales of any securities of the Company unless such purchases or sales are in compliance with applicable
U.S. securities laws. Notwithstanding anything to the contrary, the Company shall cause its Transfer Agent to deliver as promptly
as practicable shares of Common Stock without any restrictive legend in accordance with the terms of the Purchase Agreement in
connection with any sale of Registrable Securities with respect to which the Buyer has received a Purchase Notice or VWAP Purchase
Notice (both as defined in the Purchase Agreement) prior to the Buyer’s receipt of a notice from the Company of the happening
of any event of the kind described in Section 3(f) or the first sentence of Section 3(e) and for which the Buyer has not yet settled.

 

    6 

     

    

 

		5.	EXPENSES
OF REGISTRATION.

 

All
reasonable expenses of the Company, other than sales or brokerage commissions and fees and disbursements of counsel for the Buyer,
incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation,
all registration, listing and qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the
Company, shall be paid by the Company.

 

		6.	INDEMNIFICATION.

 

a.       To
the fullest extent permitted by law, the Company will, and hereby does, indemnify, hold harmless and defend the Buyer, each Person,
if any, who controls the Buyer, the members, the directors, officers, partners, employees, agents, representatives of the Buyer
and each Person, if any, who controls the Buyer within the meaning of the 1933 Act or the Securities Exchange Act of 1934, as
amended (the “1934 Act”) (each, an “Indemnified Person”), against any third party losses,
claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees, amounts paid in settlement
(with the prior consent of the Company, such consent not to be unreasonably withheld) or reasonable expenses, (collectively, “Claims”)
reasonably incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal
taken from the foregoing by or before any court or governmental, administrative or other regulatory agency or body or the SEC,
whether pending or threatened, whether or not an indemnified party is or may be a party thereto (“Indemnified Damages”),
to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in
respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact in the
Registration Statement, any New Registration Statement or any post-effective amendment thereto or in any filing made in connection
with the qualification of the offering under the securities or other “blue sky” laws of any jurisdiction in which
Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material
fact required to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged
untrue statement of a material fact contained in the final prospectus (as amended or supplemented, if the Company files any amendment
thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to
make the statements made therein, in light of the circumstances under which the statements therein were made, not misleading,
or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation,
any state securities law, or any rule or regulation thereunder relating to the offer or sale of the Registrable Securities pursuant
to the Registration Statement or any New Registration Statement (the matters in the foregoing clauses (i) through (iii) being,
collectively, “Violations”). The Company shall reimburse each Indemnified Person promptly as such expenses
are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in connection
with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification
agreement contained in this Section 6(a): (A) shall not apply to a Claim by an Indemnified Person arising out of or based upon
a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company by the Buyer
or such Indemnified Person expressly for use in connection with the preparation of the Registration Statement, any New Registration
Statement or any such amendment thereof or supplement thereto, if such prospectus was timely made available by the Company; (B)
with respect to any superseded prospectus, shall not inure to the benefit of any such person from whom the person asserting any
such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any other Indemnified Person)
if the untrue statement or omission of material fact contained in the superseded prospectus was corrected in the revised prospectus,
as then amended or supplemented, if such revised prospectus was timely made available by the Company pursuant to Section 3(c)
or Section 3(e), and the Buyer was promptly advised in writing not to use the incorrect prospectus prior to the use giving rise
to a violation; (C) shall not be available to the extent such Claim is based on a failure of the Buyer to deliver, or to cause
to be delivered, the prospectus made available by the Company, if such prospectus was theretofore made available by the Company
pursuant to Section 3(c) or Section 3(e); and (D) shall not apply to amounts paid in settlement of any Claim if such settlement
is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld. Such indemnity
shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall
survive the transfer of the Registrable Securities by the Buyer pursuant to Section 9.

 

    7 

     

    

 

b.       In
connection with the Registration Statement or any New Registration Statement, the Buyer agrees to indemnify, hold harmless and
defend, to the same extent and in the same manner as is set forth in Section 6(a), the Company, each of its directors, each of
its officers who signs the Registration Statement or any New Registration Statement, each Person, if any, who controls the Company
within the meaning of the 1933 Act or the 1934 Act (collectively and together with an Indemnified Person, an “Indemnified
Party”), against any Claim or Indemnified Damages to which any of them may become subject, under the 1933 Act, the 1934
Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the
extent, and only to the extent, that such Violation occurs in reliance upon and in conformity with written information about the
Buyer set forth on Exhibit B attached hereto or updated from time to time in writing by the Buyer and furnished to the
Company by the Buyer expressly for use in the Registration Statement or any New Registration Statement or from the failure of
the Buyer to deliver or to cause to be delivered the prospectus made available by the Company, if such prospectus was timely made
available by the Company pursuant to Section 3(c) or Section 3(e); and, subject to Section 6(d), the Buyer will reimburse any
legal or other expenses reasonably incurred by them in connection with investigating or defending any such Claim; provided, however,
that the indemnity agreement contained in this Section 6(b) and the agreement with respect to contribution contained in Section
7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent
of the Buyer, which consent shall not be unreasonably withheld; provided, further, however, that the Buyer shall be liable under
this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to the Buyer as a
result of the sale of Registrable Securities pursuant to such registration statement. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the
Registrable Securities by the Buyer pursuant to Section 9.

 

c.       Promptly
after receipt by an Indemnified Person or Indemnified Party under this Section 6 of notice of the commencement of any action or
proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall,
if a Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party
a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent
the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense
thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as the
case may be, and upon such notice, the indemnifying party shall not be liable to the Indemnified Person or Indemnified Party for
any legal or other expenses subsequently incurred by the Indemnified Person or Indemnified Party in connection with the defense
thereof; provided, however, that an Indemnified Person or Indemnified Party (together with all other Indemnified Persons and Indemnified
Parties that may be represented without conflict by one counsel) shall have the right to retain its own counsel with the fees
and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party,
the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate
due to actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented
by such counsel in such proceeding. The Indemnified Party or Indemnified Person shall cooperate with the indemnifying party in
connection with any negotiation or defense of any such action or claim by the indemnifying party and shall furnish to the indemnifying
party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or claim.
The indemnifying party shall keep the Indemnified Party or Indemnified Person fully apprised as to the status of the defense or
any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim
or proceeding effected without its written consent, provided, however, that the indemnifying party shall not unreasonably withhold,
delay or condition its consent. No indemnifying party shall, without the consent of the Indemnified Party or Indemnified Person,
consent to entry of any judgment or enter into any settlement or other compromise which does not include as an unconditional term
thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability
in respect to such claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated
to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating
to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within
a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the Indemnified
Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability
to defend such action.

 

    8 

     

    

 

d.       The
indemnification required by this Section 6 shall be made by periodic payments of the amount thereof during the course of the investigation
or defense, as and when bills are received or Indemnified Damages are incurred. Any person receiving a payment pursuant to this
Section 6 which person is later determined to not be entitled to such payment shall return such payment (including reimbursement
of expenses) to the person making it.

 

e.       The
indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified Party
or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject
to pursuant to the law.

 

		7.	CONTRIBUTION.

 

To
the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent
permitted by law; provided, however, that: (i) no seller of Registrable Securities guilty of fraudulent misrepresentation (within
the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution from any party who was not guilty of fraudulent
misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount
of proceeds received by such seller from the sale of such Registrable Securities.

 

    9 

     

    

 

		8.	REPORTS
AND DISCLOSURE UNDER THE SECURITIES ACTS.

 

With
a view to making available to the Buyer the benefits of Rule 144 promulgated under the 1933 Act or any other similar rule or regulation
of the SEC that may at any time permit the Buyer to sell securities of the Company to the public without registration (“Rule
144”), the Company agrees, at the Company’s sole expense, to:

 

a.       use
its reasonable best efforts to make and keep public information available, as those terms are understood and defined in Rule 144;

 

b.       use
its reasonable best efforts to file with the SEC in a timely manner all reports and other documents required of the Company under
the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements and the filing of such reports and other
documents is required to satisfy the current public information requirements of Rule 144;

 

c.       furnish
to the Buyer so long as the Buyer owns Registrable Securities, as promptly as practicable at Buyer’s request, (i) a written
statement by the Company that it has complied in all material respects with the requirements of Rule 144(c)(1)(i) and (ii), and
(ii) such other information, if any, as may be reasonably requested to permit the Buyer to sell such securities pursuant to Rule
144 without registration; and

 

d.       take
such additional action as is reasonably requested by the Buyer to enable the Buyer to sell the Registrable Securities pursuant
to Rule 144, including, without limitation, delivering all such legal opinions, consents, certificates, resolutions and instructions
to the Company’s Transfer Agent as may be reasonably requested from time to time by the Buyer and otherwise provide reasonable
cooperation to the Buyer and the Buyer’s broker to effect such sale of securities pursuant to Rule 144.

 

The
Company agrees that damages may be an inadequate remedy for any breach of the terms and provisions of this Section 8 and that
Buyer shall, whether or not it is pursuing any remedies at law, be entitled to seek equitable relief in the form of a preliminary
or permanent injunctions, without having to post any bond or other security, upon any breach or threatened breach of any such
terms or provisions.

 

		9.	ASSIGNMENT
                                         OF REGISTRATION RIGHTS.

 

The
Company shall not assign this Agreement or any rights or obligations hereunder without the prior written consent of the Buyer;
provided, however, that any transaction, whether by merger, reorganization, restructuring, consolidation, financing or otherwise,
whereby the Company remains the surviving entity immediately after such transaction shall not be deemed an assignment. The Buyer
may not assign its rights under this Agreement without the prior written consent of the Company.

 

		10.	AMENDMENT
OF REGISTRATION RIGHTS.

 

Provisions
of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance and either
retroactively or prospectively) only with the written consent of the Company and the Buyer.

 

    10 

     

    

 

		11.	MISCELLANEOUS.

 

a.       Any
notices, consents or other communications required or permitted to be given under the terms of this Agreement must be in writing
and will be deemed to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile
(provided confirmation of transmission is mechanically or electronically generated and kept on file by the sending party); (iii)
upon receipt, when sent by electronic message (provided the recipient responds to the message and confirmation of both electronic
messages are kept on file by the sending party); or (iv) one (1) Business Day after timely deposit with a nationally recognized
overnight delivery service, in each case properly addressed to the party to receive the same. The addresses and facsimile numbers
for such communications shall be:

 

	If
    to the Company:	 
	 	 
	MYnd
    Analytics, Inc.
	26522
    La Alameda, Suite 290
	Mission
    Viejo, CA 92691
	Telephone:	949-420-4400
	Facsimile:	866-867-4446
	Attention:	Don
    D’Ambrosio
	Email:	ddambrosio@myndanalytics.com
	 	 
	With
    a copy (which shall not constitute notice) to:
	 	 
	Dentons
    US LLP	 
	1221
    Avenue of the Americas
	New
    York, NY 10020
	Telephone:	212-767-6700
	Facsimile:	212-768-6800
	Attention:	Jeffrey
    A. Baumel
	Email:	jeffrey.baumel@dentons.com
	 	 
	If
    to the Buyer:	 
	 	 
	Aspire
    Capital Fund, LLC
	155
    North Wacker Drive, Suite 1600
	Chicago,
    IL 60606
	Telephone:	312-658-0400
	Facsimile:	312-658-4005
	Attention:	Steven
    G. Martin
	Email:	smartin@aspirecapital.com
	 	 
	With
    a copy (which shall not constitute notice) to:
	 	 
	Morrison
    & Foerster LLP
	2000
    Pennsylvania Avenue, NW, Suite 6000
	Washington,
    DC 20006
	Telephone:	202-778-1611
	Facsimile:	202-887-0763
	Attention:	Martin
    P. Dunn, Esq.
	Email:	mdunn@mofo.com

 

    11 

     

    

 

or
at such other address and/or facsimile number and/or to the attention of such other person as the recipient party has specified
by written notice given to each other party at least one (1) Business Day prior to the effectiveness of such change. Written confirmation
of receipt (A) given by the recipient of such notice, consent or other communication, (B) mechanically or electronically generated
by the sender’s facsimile machine containing the time, date, and recipient facsimile number, (C) electronically generated
by the sender’s electronic mail containing the time, date and recipient email address or (D) provided by a nationally recognized
overnight delivery service, shall be rebuttable evidence of receipt in accordance with clause (i), (ii), (iii) or (iv) above,
respectively. Any party to this Agreement may give any notice or other communication hereunder using any other means (including
messenger service, ordinary mail or electronic mail), but no such notice or other communication shall be deemed to have been duly
given unless it actually is received by the party for whom it is intended.

 

b.       No
failure or delay in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single
or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power
or privilege.

 

c.       The corporate laws of the State of Delaware shall govern all
issues concerning the relative rights of the Company and its stockholders. All other questions concerning the construction, validity,
enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Illinois, without giving
effect to any choice of law or conflict of law provision or rule (whether of the State of Illinois or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the State of Illinois. Each party hereby irrevocably
submits to the exclusive jurisdiction of the state and federal courts sitting in the City of Chicago for the adjudication of any
dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably
waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction
of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action
or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served
in any such suit, action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this
Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained
herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any provision of this
Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the validity
or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of
this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND AGREES NOT TO REQUEST,
A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION
CONTEMPLATED HEREBY.

 

d.       This
Agreement, the Purchase Agreement and the other Transaction Documents constitute the entire understanding among the parties
hereto with respect to the subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings,
other than those set forth or referred to herein and therein. This Agreement, the Purchase Agreement and the other Transaction
Documents supersede all other prior oral or written agreements between the Buyer, the Company, their affiliates and persons acting
on their behalf with respect to the subject matter hereof and thereof.

 

    12 

     

    

 

e.       Subject
to the requirements of Section 9, this Agreement shall inure to the benefit of and be binding upon the permitted successors and
assigns of each of the parties hereto.

 

f.       The
headings in this Agreement are for convenience of reference and shall not form part of, or affect the interpretation of, this
Agreement.

 

g.      This
Agreement may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and
shall become effective when counterparts have been signed by each party and delivered to the other party; provided that a facsimile
or pdf (or other electronic reproduction of a) signature shall be considered due execution and shall be binding upon the signatory
thereto with the same force and effect as if the signature were an original, not a facsimile or pdf (or other electronic reproduction
of a) signature.

 

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

 

i.       The
language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent and no
rules of strict construction will be applied against any party.

 

j.       This
Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not
for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

*
* * * *

 

    13 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly executed as of day and year first above
written. 

 

	 	THE
                                         COMPANY:
	 	 
	 	MYND
                                         ANALYTICS, INC.
	 	 	 
		By:	/s/
                                         Don D’Ambrosio
	 	Name:
                                         Don D’Ambrosio
 Title: Chief Financial Officer
	 	 	 
	 	BUYER:
	 	 	 
	 	ASPIRE
                                         CAPITAL FUND, LLC
	 	BY:
                                         ASPIRE CAPITAL PARTNERS, LLC
	 	BY:
                                         SGM HOLDINGS CORP.
	 	 	 
	 	By: 	/s/
                                         Steven G. Martin
	 	Name:
                                         Steven G. Martin
	 	Title:
                                         President

 

     

     

    

 

EXHIBIT
A

  

FORM
OF NOTICE OF EFFECTIVENESS  OF REGISTRATION STATEMENT

 

[Date] 

 

American
Stock Transfer & Trust Company, LLC

6201
15th Avenue

Brooklyn,
NY 11219

Attention:
Philip Velez

 

RE:
MYND ANALYTICS, INC.

 

Ladies
and Gentlemen:

 

We
refer to that certain Common Stock Purchase Agreement, dated as of May 15, 2018 (the “Purchase Agreement”),
entered into by and between MYND ANALYTICS, INC., a Delaware corporation (the “Company”) and ASPIRE
CAPITAL FUND, LLC (the “Buyer”) pursuant to which the Company has agreed to issue to the Buyer shares of
the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), in an amount up to Ten
Million Dollars ($10,000,000), in accordance with the terms of the Purchase Agreement. In connection with the transactions contemplated
by the Purchase Agreement, the Company has registered with the U.S. Securities and Exchange Commission (the “SEC”)
the sale by the Buyer of the following shares of Common Stock:

 

		(1)	up
                                         to [Total # of Purchase Shares] shares of Common Stock to be issued upon purchase
                                         from the Company by the Buyer from time to time (the “Purchase Shares”);
                                         and

 

		(2)	250,000
shares of Common Stock which have been issued to the Buyer as a commitment fee (the “Commitment Shares”).

 

In
connection with the transactions contemplated by the Purchase Agreement, the Company has filed a registration statement on Form
S-1 (File No. 333_________) (the “Registration Statement”) with the SEC relating to the sale by the Buyer of
the Purchase Shares and the Commitment Shares. Accordingly, we advise you that (i) the SEC has entered an order declaring the
Registration Statement effective under the Securities Act of 1933 Act (the “1933 Act”) at ___ [A./P.]M. on __________,
201_, (ii) we have no knowledge, after review of the stop order notification website maintained by the SEC, that any stop
order suspending its effectiveness has been issued or that any proceedings for that purpose are pending before, or threatened
by, the SEC and (iii) the Purchase Shares and the Commitment Shares are available for sale under the 1933 Act pursuant to the
Registration Statement. Accordingly, and in reliance on certain covenants made by the Buyer regarding the manner of sale of the
Shares, certificates representing the Shares may be issued without any restrictive legend.

 

	 	Very
                                         truly yours,
	 	 	 
		By:	 
	 	 	[Company Counsel]
	 	 	 

CC: Aspire
Capital Fund, LLC

 

     

     

    

 

EXHIBIT
B

 

Information
About The Buyer Furnished To The Company By The Buyer

Expressly
For Use In Connection With The Registration Statement and Prospectus

 

Aspire
Capital Partners LLC (“Aspire Partners”) is the Managing Member of Aspire Capital Fund LLC (“Aspire Fund”).
SGM Holdings Corp (“SGM”) is the Managing Member of Aspire Partners. Mr. Steven G. Martin (“Mr. Martin”)
is the president and sole shareholder of SGM, as well as a principal of Aspire Partners. Mr. Erik J. Brown (“Mr. Brown”)
is the president and sole shareholder of Red Cedar Capital Corp (“Red Cedar”), which is a principal of Aspire Partners.
Mr. Christos Komissopoulos (“Mr. Komissopoulos”) is president and sole shareholder of Chrisko Investors Inc. (“Chrisko”),
which is a principal of Aspire Partners. Mr. William F. Blank, III (“Mr. Blank”) is president and sole shareholder
of WML Ventures Corp. (“WML Ventures”), which is a principal of Aspire Partners. Each of Aspire Partners, SGM, Red
Cedar, Chrisko, WML Ventures, Mr. Martin, Mr. Brown, Mr. Komissopoulos and Mr. Blank may be deemed to be a beneficial owner of
common stock held by Aspire Fund. Each of Aspire Partners, SGM, Red Cedar, Chrisko, WML Ventures, Mr. Martin, Mr. Brown, Mr. Komissopoulos
and Mr. Blank disclaims beneficial ownership of the common stock held by Aspire Fund.

 

Plan
of Distribution

 

The
common stock may be sold or distributed from time to time by the selling stockholder directly to one or more purchasers or through
brokers, dealers, or underwriters who may act solely as agents at market prices prevailing at the time of sale, at prices related
to the prevailing market prices, at negotiated prices, or at fixed prices, which may be changed. The sale of the common stock
offered by this prospectus may be effected in one or more of the following methods:

 

		●	ordinary
                                         brokers’ transactions;

 

		●	transactions
                                         involving cross or block trades;

 

		●	through
                                         brokers, dealers, or underwriters who may act solely as agents;

 

		●	“at
                                         the market” into an existing market for the common stock;

 

		●	in
                                         other ways not involving market makers or established business markets, including direct
                                         sales to purchasers or sales effected through agents;

 

		●	in
                                         privately negotiated transactions; or

 

		●	any
                                         combination of the foregoing.

 

In
order to comply with the securities laws of certain states, if applicable, the shares may be sold only through registered or licensed
brokers or dealers. In addition, in certain states, the shares may not be sold unless they have been registered or qualified for
sale in the state or an exemption from the registration or qualification requirement is available and complied with.

 

The
selling stockholder may transfer the shares of common stock by other means not described in this prospectus.

 

     

     

    

 

Brokers,
dealers, underwriters, or agents participating in the distribution of the shares as agents may receive compensation in the form
of commissions, discounts, or concessions from the selling stockholder and/or purchasers of the common stock for whom the broker-dealers
may act as agent. Aspire Capital has informed us that each such broker-dealer will receive commissions from Aspire Capital which
will not exceed customary brokerage commissions.

 

The
selling stockholder and its affiliates have agreed not to engage in any direct or indirect short selling or hedging of our common
stock during the term of the Purchase Agreement.

 

The
selling stockholder is an “underwriter” within the meaning of the Securities Act. We have agreed to provide indemnification
and contribution to the selling stockholder against certain civil liabilities, including liabilities under the Securities Act.

 

We
have advised the selling stockholder that while it is engaged in a distribution of the shares included in this prospectus, it
is required to comply with Regulation M promulgated under the Securities Exchange Act of 1934, as amended. With certain exceptions,
Regulation M precludes the selling stockholder, any affiliated purchasers, and any broker-dealer or other person who participates
in the distribution from bidding for or purchasing, or attempting to induce any person to bid for or purchase any security which
is the subject of the distribution until the entire distribution is complete. Regulation M also prohibits any bids or purchases
made in order to stabilize the price of a security in connection with the distribution of that security. All of the foregoing
may affect the marketability of the shares offered hereby this prospectus.

 

We
may suspend the sale of shares by the selling stockholder pursuant to this prospectus for certain periods of time for certain
reasons, including if the prospectus is required to be supplemented or amended to include additional material information.

 

This
offering as it relates to Aspire Capital will terminate on the date that all shares offered by this prospectus have been sold
by Aspire Capital.

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