Document:

Exhibit 10.1

 

SUBSCRIPTION AGREEMENT

 

This Subscription Agreement is being delivered
to the purchaser identified on the signature page to this Agreement (the “Subscriber”) in connection with its
investment in Hash Labs Inc., a Nevada corporation (the “Company”). The Company is conducting a private placement
(the “Offering”) for an amount of up to $10,000,000, consisting of shares of the Company’s common stock,
par value $0.0001 per share (the “Common Stock”), at a purchase price of $5.00 (the “Purchase Price”)
per such share for an aggregate of up to 2,000,000 shares (each a “Share” and collectively, the “Shares”).

 

IMPORTANT INVESTOR NOTICES

 

NO OFFERING LITERATURE OR ADVERTISEMENT
IN ANY FORM MAY BE RELIED UPON IN THE OFFERING OF THE SHARES EXCEPT FOR THIS SUBSCRIPTION AGREEMENT AND ANY SUPPLEMENTS HERETO
(THE “AGREEMENT”), AND NO PERSON HAS BEEN AUTHORIZED TO MAKE ANY REPRESENTATIONS EXCEPT THOSE CONTAINED HEREIN.

 

THIS AGREEMENT IS CONFIDENTIAL AND THE
CONTENTS HEREOF MAY NOT BE REPRODUCED, DISTRIBUTED OR DIVULGED BY OR TO ANY PERSONS OTHER THAN THE RECIPIENT OR ITS REPRESENTATIVE,
ACCOUNTANT OR LEGAL COUNSEL, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY. EACH PERSON WHO ACCEPTS DELIVERY OF THIS AGREEMENT
ACKNOWLEDGES AND AGREES TO THE FOREGOING RESTRICTIONS.

 

THIS AGREEMENT DOES NOT PURPORT TO BE ALL-INCLUSIVE
OR TO CONTAIN ALL OF THE INFORMATION THAT YOU MAY DESIRE IN EVALUATING THE COMPANY, OR AN INVESTMENT IN THE OFFERING. THIS AGREEMENT
DOES NOT CONTAIN ALL OF THE INFORMATION THAT WOULD NORMALLY APPEAR IN A PROSPECTUS FOR AN OFFERING REGISTERED UNDER THE SECURITIES
ACT. YOU MUST CONDUCT AND RELY ON YOUR OWN EVALUATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS
INVOLVED, IN DECIDING WHETHER TO INVEST IN THE OFFERING.

 

THIS AGREEMENT DOES NOT CONSTITUTE AN
OFFER OR SOLICITATION OF AN OFFER TO ANY PERSON OR IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION IS UNLAWFUL OR NOT AUTHORIZED.
EACH PERSON WHO ACCEPTS DELIVERY OF THIS AGREEMENT AGREES TO RETURN IT AND ALL RELATED DOCUMENTS IF SUCH PERSON DOES NOT PURCHASE
ANY OF THE SHARES DESCRIBED HEREIN.

 

    1

     

    

 

NEITHER THE DELIVERY OF THIS AGREEMENT
AT ANY TIME NOR ANY SALE OF SHARES HEREUNDER SHALL IMPLY THAT INFORMATION CONTAINED HEREIN IS CORRECT AS OF ANY TIME SUBSEQUENT
TO ITS DATE. THE COMPANY WILL EXTEND TO EACH PROSPECTIVE INVESTOR (AND TO ITS REPRESENTATIVE, ACCOUNTANT OR LEGAL COUNSEL, IF ANY)
THE OPPORTUNITY, PRIOR TO ITS PURCHASE OF SHARES, TO ASK QUESTIONS OF AND RECEIVE ANSWERS FROM THE COMPANY CONCERNING THE OFFERING
AND TO OBTAIN ADDITIONAL INFORMATION, TO THE EXTENT THE COMPANY POSSESSES THE SAME OR CAN ACQUIRE IT WITHOUT UNREASONABLE EFFORT
OR EXPENSE, IN ORDER TO VERIFY THE ACCURACY OF THE INFORMATION SET FORTH HEREIN. ALL SUCH ADDITIONAL INFORMATION SHALL ONLY BE
PROVIDED IN WRITING AND IDENTIFIED AS SUCH BY THE COMPANY THROUGH ITS DULY AUTHORIZED OFFICERS AND/OR DIRECTORS ALONE; NO ORAL
INFORMATION OR INFORMATION PROVIDED BY ANY BROKER OR THIRD PARTY MAY BE RELIED UPON.

 

NO REPRESENTATIONS, WARRANTIES OR ASSURANCES
OF ANY KIND ARE MADE OR SHOULD BE INFERRED WITH RESPECT TO THE ECONOMIC RETURN, IF ANY, THAT MAY ACCRUE TO AN INVESTOR IN THE COMPANY.

 

THIS AGREEMENT CONTAINS FORWARD-LOOKING
STATEMENTS REGARDING THE COMPANY’S PERFORMANCE, STRATEGY, PLANS, OBJECTIVES, EXPECTATIONS, BELIEFS AND INTENTIONS. THE OUTCOME
OF THE EVENTS DESCRIBED IN THESE FORWARD-LOOKING STATEMENTS IS SUBJECT TO SUBSTANTIAL RISKS, AND ACTUAL RESULTS COULD DIFFER MATERIALLY.

 

THE OFFERING PRICE OF THE SHARES HAS BEEN
DETERMINED ARBITRARILY. THE PRICE OF THE SHARES DOES NOT NECESSARILY BEAR ANY RELATIONSHIP TO THE ASSETS, EARNINGS OR BOOK VALUE
OF THE COMPANY, OR TO POTENTIAL ASSETS, EARNINGS, OR BOOK VALUE OF THE COMPANY. THERE IS NO ACTIVE TRADING MARKET IN THE COMPANY’S
COMMON STOCK AND THERE CAN BE NO ASSURANCE THAT AN ACTIVE TRADING MARKET IN ANY OF THE COMPANY’S SECURITIES WILL DEVELOP
OR BE MAINTAINED. THE PRICE OF SHARES OF COMMON STOCK QUOTED ON THE OTC MARKETS OR TRADED ON ANY EXCHANGE MAY BE IMPACTED BY A
LACK OF LIQUIDITY OR AVAILABILITY OF SUCH SHARES FOR PUBLIC SALE AND ALSO WILL NOT NECESSARILY BEAR ANY RELATIONSHIP TO THE ASSETS,
EARNINGS, BOOK VALUE OR POTENTIAL PROSPECTS OF THE COMPANY OR APPLICABLE QUOTED OR TRADING PRICES THAT MAY EXIST FOLLOWING THE
LAPSE OF RESTRICTIONS ON THE SHARES SOLD PURSUANT TO THE OFFERING OR OTHER RESTRICTIONS. SUCH PRICES SHOULD NOT BE CONSIDERED
ACCURATE INDICATORS OF FUTURE QUOTED OR TRADING PRICES THAT MAY SUBSEQUENTLY EXIST FOLLOWING THIS OFFERING.

 

    2

     

    

 

THE COMPANY RESERVES THE RIGHT, IN ITS
SOLE DISCRETION, TO REJECT ANY SUBSCRIPTION IN WHOLE OR IN PART FOR ANY REASON OR FOR NO REASON. THE COMPANY IS NOT OBLIGATED TO
NOTIFY RECIPIENTS OF THIS AGREEMENT WHETHER ALL OF THE SHARES OFFERED HEREBY HAVE BEEN SOLD.

 

SUBSCRIBERS MAY BE DEEMED TO BE IN POSSESSION
OF MATERIAL NON-PUBLIC INFORMATION WITHIN THE MEANING OF THE UNITED STATES SECURITIES LAWS AND REGULATIONS REGARDING A PUBLIC COMPANY.
THIS AGREEMENT CONTAINS CONFIDENTIAL INFORMATION CONCERNING THE COMPANY, AND HAS BEEN PREPARED SOLELY FOR USE IN CONNECTION WITH
THE OFFERING DESCRIBED HEREIN. ANY USE OF THIS INFORMATION FOR ANY PURPOSE OTHER THAN IN CONNECTION WITH THE CONSIDERATION OF AN
INVESTMENT IN THE SHARES THROUGH THE OFFERING DESCRIBED HEREIN MAY SUBJECT THE USER TO CIVIL AND/OR CRIMINAL LIABILITY. THE RECIPIENT,
BY ACCEPTING THIS AGREEMENT, AGREES NOT TO: (I) DISTRIBUTE OR REPRODUCE THIS AGREEMENT, IN WHOLE OR IN PART, AT ANY TIME, WITHOUT
THE PRIOR WRITTEN CONSENT OF THE COMPANY; (II) TO KEEP CONFIDENTIAL THE EXISTENCE OF THIS DOCUMENT AND THE INFORMATION CONTAINED
HEREIN OR MADE AVAILABLE IN CONNECTION WITH ANY FURTHER INVESTIGATION OF THE COMPANY; AND (III) REFRAIN FROM TRADING IN THE PUBLICLY-TRADED
SECURITIES OF THE COMPANY OR ANY OTHER RELEVANT COMPANY FOR SO LONG AS SUCH RECIPIENT IS IN POSSESSION OF THE MATERIAL NON-PUBLIC
INFORMATION CONTAINED HEREIN. SUBSCRIBERS ARE ADVISED THAT THEY SHOULD SEEK THEIR OWN LEGAL COUNSEL PRIOR TO EFFECTUATING ANY TRANSACTIONS
IN THE PUBLICLY TRADED COMPANY’S SECURITIES.

 

FOR RESIDENTS OF ALL STATES

 

THIS OFFERING IS BEING MADE SOLELY TO
“ACCREDITED INVESTORS,” AS SUCH TERM IS DEFINED IN RULE 501 OF REGULATION D UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”). THE SHARES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OR THE SECURITIES LAWS
OF ANY STATE AND WILL BE OFFERED AND SOLD IN RELIANCE UPON THE EXEMPTION FROM REGISTRATION AFFORDED BY SECTION 4(a)(2) THEREUNDER
AND REGULATION D (RULE 506) OF THE SECURITIES ACT AND CORRESPONDING PROVISIONS OF STATE SECURITIES LAWS.

 

    3

     

    

 

THE SHARES OFFERED HEREBY ARE SUBJECT TO
RESTRICTION ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT AND
APPLICABLE STATE LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY WILL BE REQUIRED TO
BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.

 

THE SHARES OFFERED HEREBY HAVE NOT BEEN
APPROVED OR DISAPPROVED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (“SEC”), ANY STATE SECURITIES
COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS
OFFERING OR THE ACCURACY OR ADEQUACY OF THIS AGREEMENT. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

PROSPECTIVE INVESTORS SHOULD NOT CONSTRUE
THE CONTENTS OF THIS AGREEMENT AS INVESTMENT, LEGAL, BUSINESS, OR TAX ADVICE. EACH INVESTOR SHOULD CONTACT HIS, HER OR ITS OWN
ADVISORS REGARDING THE APPROPRIATENESS OF THIS INVESTMENT AND THE TAX CONSEQUENCES THEREOF, WHICH MAY DIFFER DEPENDING ON AN INVESTOR’S
PARTICULAR FINANCIAL SITUATION. IN NO EVENT SHOULD THIS AGREEMENT BE DEEMED OR CONSIDERED TO BE TAX ADVICE PROVIDED BY THE COMPANY.

 

FOR FLORIDA RESIDENTS ONLY

 

THE SHARES REFERRED TO HEREIN WILL BE SOLD
TO, AND ACQUIRED BY, THE HOLDER IN A TRANSACTION EXEMPT UNDER § 517.061 OF THE FLORIDA SECURITIES ACT. THE SHARES HAVE NOT
BEEN REGISTERED UNDER SAID ACT IN THE STATE OF FLORIDA. IN ADDITION, ALL FLORIDA RESIDENTS SHALL HAVE THE PRIVILEGE OF VOIDING
THE PURCHASE WITHIN THREE (3) DAYS AFTER THE FIRST TENDER OF CONSIDERATION IS MADE BY SUCH SUBSCRIBER TO THE COMPANY, AN AGENT
OF THE COMPANY, OR WITHIN THREE DAYS AFTER THE AVAILABILITY OF THAT PRIVILEGE IS COMMUNICATED TO SUCH SUBSCRIBER, WHICHEVER OCCURS
LATER.

 

    4

     

    

 

1. 
SUBSCRIPTION AND PURCHASE PRICE

 

(a) 
Subscription. Subject to the conditions set forth in Section 2 hereof, the Subscriber hereby subscribes for and agrees
to purchase the number of Shares indicated on page 12 hereof on the terms and conditions described herein.

 

(b) 
Purchase of Shares. The Subscriber understands and acknowledges that the Purchase Price to be remitted to the Company
in exchange for the Shares shall be set at $5.00 per Share, for an aggregate purchase price as set forth on page 12 hereof (the
“Aggregate Purchase Price”). The Subscriber’s delivery of this Agreement to the Company shall be accompanied
by payment for the Shares subscribed for hereunder, payable in United States Dollars, by wire transfer of immediately available
funds delivered contemporaneously with the Subscriber’s delivery of this Agreement to the Company in accordance with the
wire instructions provided on Annex A. The Subscriber understands and agrees that, subject to Section 2 and applicable
laws, by executing this Agreement, it is entering into a binding agreement.

 

2. 
ACCEPTANCE, OFFERING TERM AND CLOSING PROCEDURES

 

(a) 
Acceptance or Rejection. Subject to full, faithful and punctual performance and discharge by the Company
of all of its duties, obligations and responsibilities as set forth in this Agreement and any other agreement entered into between
the Subscriber and the Company relating to this subscription (collectively, the “Transaction Documents”), the
Subscriber shall be legally bound to purchase the Shares pursuant to the terms and conditions set forth in this Agreement. For
the avoidance of doubt, upon the occurrence of the failure by the Company to fully, faithfully and punctually perform and discharge
any of its duties, obligations and responsibilities as set forth in any of the Transaction Documents, which shall have been performed
or otherwise discharged prior to the Closing, the Subscriber may, on or prior to the Closing (as defined below), at its sole and
absolute discretion, elect not to purchase the Shares and provide instructions to the Company to receive the full and immediate
refund of the Aggregate Purchase Price. The Subscriber understands and agrees that the Company reserves the right to reject this
subscription for Shares in whole or part in any order at any time prior to the Closing for any reason or for no reason, notwithstanding
the Subscriber’s prior receipt of notice of acceptance of the Subscriber’s subscription. In the event the Closing
does not take place because of (i) the rejection of subscription for Shares by the Company; or (ii) the election not to purchase
the Shares by the Subscriber; or (iii) failure to effectuate an initial closing on or prior to March 1, 2019 (unless extended
in the discretion of the Company) (which, for the avoidance of doubt, has occurred) for any reason or no reason, this Agreement
and any other Transaction Documents shall thereafter be terminated and have no force or effect, and the parties shall take all
steps, to ensure that the Aggregate Purchase Price shall promptly be returned or caused to be returned to the Subscriber without
interest thereon or deduction therefrom.

 

    5

     

    

 

(b) 
Closing. The closing of the purchase and sale of the Shares hereunder (the “Closing”) shall take
place at the offices of the Company or such other place as determined by the Company and may take place in one of more closings.
Closings shall take place on a Business Day promptly following the satisfaction of the conditions set forth in Section 6 below,
as determined by the Company (the “Closing Date”). “Business Day” shall mean from the hours
of 9:00 a.m. (Eastern Time) through 5:00 p.m. (Eastern Time) of a day other than a Saturday, Sunday or other day on which commercial
banks in New York, New York are authorized or required to be closed. The Shares purchased by the Subscriber will be delivered by
the Company promptly on the Closing Date (as defined above).

 

(c) 
Following Acceptance or Rejection. The Subscriber acknowledges and agrees that this Agreement and any
other documents delivered in connection herewith will be held by the Company. In the event that this Agreement is not accepted
by the Company for whatever reason, which the Company expressly reserves the right to do, this Agreement, the Aggregate Purchase
Price received (without interest thereon) and any other documents delivered in connection herewith will be returned to the Subscriber
at the address of the Subscriber as set forth in this Agreement. If this Agreement is accepted by the Company, the Company is entitled
to treat the Aggregate Purchase Price received as an interest free loan to the Company until such time as the Subscription is accepted.

 

(d) 
Acknowledgments. The Subscriber understands that the Shares are offered by the Company without any anti- dilution
or similar protections, and further understands and agrees that its signature hereto will constitute a surrender of all previous
anti-dilution protection that may have been granted to it by the Company, which protective provisions will cease and be null and
void upon its execution and the Company’s acceptance of this Agreement.

 

    6

     

    

 

3. 
THE SUBSCRIBER’S REPRESENTATIONS, WARRANTIES AND COVENANTS

 

The Subscriber hereby acknowledges, agrees
with and represents, warrants and covenants to the Company, as follows:

 

(a) 
The Subscriber has full power and authority to enter into this Agreement, the execution and delivery of which has been duly
authorized by all the necessary corporate actions, and no other acts or proceedings on the part of the Subscriber are necessary
to authorize the execution, delivery or performance by the Subscriber of this Agreement, if applicable, and this Agreement constitutes
a valid and legally binding obligation of the Subscriber, except as may be limited by bankruptcy, reorganization, insolvency, moratorium
and similar laws of general application relating to or affecting the enforcement of rights of creditors, and except as enforceability
of the obligations hereunder are subject to general principles of equity (regardless of whether such enforceability is considered
in a proceeding in equity or law).

 

(b) 
The Subscriber acknowledges its understanding that the Offering and sale of the Shares is intended to be exempt from registration
under the Securities Act of 1933, as amended (the “Securities Act”), by virtue of Section 4(a)(2) of the Securities
Act and the provisions of Regulation D promulgated thereunder (“Regulation D”). In furtherance thereof, the
Subscriber represents and warrants to the Company and its affiliates as follows:

 

(i) 
The Subscriber realizes that the basis for the exemption from registration may not be available if, notwithstanding the
Subscriber’s representations contained herein, the Subscriber is merely acquiring the Shares for a fixed or determinable
period in the future, or for a market rise, or for sale if the market does not rise. The Subscriber does not have any such intention.

 

(ii) 
The Subscriber realizes that the basis for exemption would not be available if the Offering is part of a plan or scheme
to evade registration provisions of the Securities Act or any applicable state or federal securities laws.

 

(iii) 
The Subscriber is acquiring the Shares solely for investment purposes, and not with a view towards, or resale in connection
with, any distribution of the Shares.

 

(iv) 
The Subscriber has the financial ability to bear the economic risk of the Subscriber’s investment, has adequate means
for providing for its current needs and contingencies, and has no need for liquidity with respect to an investment in the Company.

 

(v) 
The Subscriber and the Subscriber’s attorney, accountant, purchaser representative and/or tax advisor, if any (collectively,
the “Advisors”) has such knowledge and experience in financial and business matters as to be capable of evaluating
the merits and risks of a prospective investment in the Shares. If other than an individual, the Subscriber also represents it
has not been organized solely for the purpose of acquiring the Shares.

 

    7

     

    

 

(vi) 
The Subscriber (together with its Advisors, if any) has received all documents requested by the Subscriber or its agents
(including Annex B, attached hereto), has carefully reviewed them and understands the information contained therein,
prior to the execution of this Agreement.

 

(c) 
The Subscriber is not relying on the Company or any of its employees, agents, sub-agents or advisors with respect to the
legal, tax, economic and related considerations involved in this investment. The Subscriber has relied on the advice of, or has
consulted with, only its Advisors. Each Advisor, if any, has disclosed to the Subscriber in writing (a copy of which is annexed
to this Agreement) the specific details of any and all past, present or future relationships, actual or contemplated, between the
Advisor and the Company or any affiliate or sub-agent thereof.

 

(d) 
The Subscriber has carefully considered the potential risks relating to the Company and a purchase of the Shares, and fully
understands that the Shares are a speculative investment that involves a high degree of risk of loss of the Subscriber’s
entire investment. Among other things, the Subscriber has carefully considered each of the risks as described on Annex B,
attached hereto and in the SEC Reports.

 

(e) 
The Subscriber will not sell or otherwise transfer any Shares without registration under the Securities Act or an exemption
therefrom, and fully understands and agrees that the Subscriber must bear the economic risk of its purchase because, among other
reasons, the Shares have not been registered under the Securities Act or under the securities laws of any state and, therefore,
cannot be resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and
under the applicable securities laws of such states, or an exemption from such registration is available. In particular, the Subscriber
is aware that the Shares are “restricted securities,” as such term is defined in Rule 144 promulgated under the Securities
Act (“Rule 144”), and they may not be sold pursuant to Rule 144 unless all of the conditions of Rule 144 are
met. The Subscriber understands that any sales or transfers of the Shares are further restricted by state securities laws and the
provisions of this Agreement.

 

(f) 
No oral or written representations or warranties have been made, or information furnished, to the Subscriber or its Advisors,
if any, by the Company or any of its officers, employees, agents, sub-agents, affiliates, advisors or subsidiaries in connection
with the Offering, other than any representations of the Company contained herein, and in subscribing for the Shares, the Subscriber
is not relying upon any representations other than those contained herein.

 

(g) 
The Subscriber’s overall commitment to investments that are not readily marketable is not disproportionate to the
Subscriber’s net worth, and an investment in the Shares will not cause such overall commitment to become excessive.

 

    8

     

    

 

(h) 
The Subscriber understands and agrees that the certificates for the Shares shall bear substantially the following legend
until (i) such Shares shall have been registered under the Securities Act and effectively disposed of in accordance with a registration
statement that has been declared effective or (ii) in the opinion of counsel acceptable to the Subscriber, such Shares may be sold
without registration under the Securities Act, as well as any applicable “blue sky” or state securities laws:

 

“THE SHARES REPRESENTED BY THIS CERTIFICATE
HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE
STATE SECURITIES LAWS. SUCH SHARES HAVE BEEN ACQUIRED FOR INVESTMENT PURPOSES AND MAY NOT BE OFFERED FOR SALE, SOLD, DELIVERED
AFTER SALE, TRANSFERRED, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FILED BY THE ISSUER WITH
THE U.S. SECURITIES AND EXCHANGE COMMISSION COVERING SUCH SHARES UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL THAT SUCH REGISTRATION
IS NOT REQUIRED.

 

(i) 
Neither the SEC nor any state securities commission has approved the Shares or passed upon or endorsed the merits of the
Offering. There is no government or other insurance covering any of the Shares.

 

(j) 
The Subscriber and its Advisors, if any, have had a reasonable opportunity to ask questions of and receive answers from
a person or persons acting on behalf of the Company concerning the Offering, the Shares, and the business, financial condition,
results of operations and prospects of the Company, and all such questions have been answered to the full satisfaction of the Subscriber
and its Advisors, if any.

 

(k) 
(i) In making the decision to invest in the Shares the Subscriber has relied solely upon the information provided by the
Company in the Transaction Documents. To the extent necessary, the Subscriber has retained, at its own expense, and relied upon
appropriate professional advice regarding the investment, tax and legal merits and consequences of this Agreement and the purchase
of the Shares hereunder. The Subscriber disclaims reliance on any statements made or information provided by any person or entity
in the course of Subscriber’s consideration of an investment in the Shares other than the Transaction Documents.

 

(ii) The Subscriber represents
and warrants that: (i) the Subscriber was contacted regarding the sale of the Shares by the Company (or an authorized agent or
representative thereof) with whom the Subscriber had a prior substantial pre-existing relationship and (ii) no Shares were offered
or sold to it by means of any form of general solicitation or general advertising, and in connection therewith, the Subscriber
did not (A) receive or review any advertisement, article, notice or other communication published in a newspaper or magazine or
similar media or broadcast over television or radio, whether closed circuit, or generally available; or (B) attend any seminar
meeting or industry investor conference whose attendees were invited by any general solicitation or general advertising; or (C)
observe any website or filing of the Company with the SEC in which any offering of securities by the Company was described and
as a result learned of any offering of securities by the Company.

 

    9

     

    

 

(l) 
The Subscriber has taken no action that would give rise to any claim by any person for brokerage commissions, finders’
fees or the like relating to this Agreement or the transactions contemplated hereby.

 

(m) 
The Subscriber is not relying on the Company or any of its employees, agents, or advisors with respect to the legal, tax,
economic and related considerations of an investment in the Shares, and the Subscriber has relied on the advice of, or has consulted
with, only its own Advisors.

 

(n) 
The Subscriber acknowledges that any estimates or forward-looking statements or projections furnished by the Company to
the Subscriber were prepared by the management of the Company in good faith, but that the attainment of any such projections, estimates
or forward-looking statements cannot be guaranteed by the Company or its management and should not be relied upon.

 

(o) 
No oral or written representations have been made, or oral or written information furnished, to the Subscriber or its Advisors,
if any, in connection with the Offering that are in any way inconsistent with the information contained herein.

 

(p) 
(For ERISA plans only) The fiduciary of the ERISA plan (the “Plan”) represents that such fiduciary has
been informed of and understands the Company’s investment objectives, policies and strategies, and that the decision to invest
“plan assets” (as such term is defined in ERISA) in the Company is consistent with the provisions of ERISA that require
diversification of plan assets and impose other fiduciary responsibilities. The Subscriber or Plan fiduciary (i) is responsible
for the decision to invest in the Company; (ii) is independent of the Company and any of its affiliates; (iii) is qualified to
make such investment decision; and (iv) in making such decision, the Subscriber or Plan fiduciary has not relied primarily on any
advice or recommendation of the Company or any of its affiliates.

 

(q) 
This Agreement is not enforceable by the Subscriber unless it has been accepted by the Company, and the Subscriber acknowledges
and agrees that the Company reserves the right to reject any subscription for any reason or for no reason.

 

    10

     

    

 

(r) 
The Subscriber will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees,
agents, advisors, affiliates and shareholders, and each other person, if any, who controls any of the foregoing from and against
any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and
expenses whatsoever reasonably incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding
or investigation whether commenced or threatened) (a “Loss”) arising out of or based upon any representation
or warranty of the Subscriber contained herein or in any document furnished by the Subscriber to the Company in connection herewith
being untrue in any material respect or any breach or failure by the Subscriber to comply with any covenant or agreement made
by the Subscriber herein or therein.

 

(s) 
The Subscriber is, and on each date on which the Subscriber continues to own restricted Shares from the Offering will be,
an “Accredited Investor” as defined in Rule 501(a) under the Securities Act. In general, an “Accredited Investor”
is deemed to be an institution with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 (excluding
such person’s principal residence) or annual income exceeding $200,000 or $300,000 jointly with his or her spouse.

 

(t) 
The Subscriber, either alone or together with its representatives, has such knowledge, sophistication and experience in
business and financial matters so as to be capable of evaluating the merits and risks of the Offering, and has so evaluated the
merits and risks of such investment. The Subscriber has not authorized any person or entity to act as its Purchaser Representative
(as that term is defined in Regulation D of the General Rules and Regulations under the Securities Act) in connection with the
Offering. The Subscriber is able to bear the economic risk of an investment in the Shares and, at the present time, is able to
afford a complete loss of such investment.

 

(u) 
The Subscriber has reviewed, or had an opportunity to review, all of the Company’s filings with the Securities and
Exchange Commission under the Securities Exchange Act of 1934, as amended, since January 1, 2018 (the “SEC Reports”),
including, without limitation, the “Risk Factors” and “Forward Looking Statements” disclaimers contained
therein. The SEC Reports are hereby incorporated by reference.

 

    11

     

    

 

4. 
THE COMPANY’S REPRESENTATIONS, WARRANTIES AND COVENANTS

 

The Company hereby acknowledges, agrees with and represents,
warrants and covenants to the Subscriber, as follows:

 

(a) 
Organization and Qualification. The Company is a corporation duly organized, validly existing and in good
standing under the laws of the state of Nevada. The Company is duly qualified to do business, and is in good standing in the states
required due to (a) the ownership or lease of real or personal property for use in the operation of the Company’s business or (b)
the nature of the business conducted by the Company. The Company has all requisite power, right and authority to own, operate and
lease its properties and assets, to carry on its business as now conducted, to execute, deliver and perform its obligations under
this Agreement and the other Transaction Documents to which it is a party, and to carry out the transactions contemplated hereby
and thereby. All actions on the part of the Company and its officers and directors necessary for the authorization, execution,
delivery and performance of this Agreement and the other Transaction Documents, the consummation of the transactions contemplated
hereby and thereby, and the performance of all of the Company’s obligations under this Agreement and the other Transaction Documents
have been taken or will be taken prior to the Closing. This Agreement has been, and the other Transaction Documents to which the
Company is a party on the Closing will be, duly executed and delivered by the Company, and this Agreement is, and each of the other
Transaction Documents to which it is a party on the Closing will be, a legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms.

 

(b) 
Issuance of Shares. The Shares to be issued to the Subscriber pursuant to this Agreement, when issued and delivered
in accordance with the terms of this Agreement, will be duly and validly issued and will be fully paid and non- assessable.

 

(c) 
Authorization; Enforcement. The execution, delivery and performance of this Agreement and the other Transaction Documents
by the Company, and the consummation of the transactions contemplated hereby and thereby, will not (a) constitute a violation (with
or without the giving of notice or lapse of time, or both) of any provision of any law or any judgment, decree, order, regulation
or rule of any court, agency or other governmental authority applicable to the Company, (b) require any consent, approval or authorization
of, or declaration, filing or registration with, any person (other than any filings required under applicable securities laws),
(c) result in a default (with or without the giving of notice or lapse of time, or both) under, acceleration or termination of,
or the creation in any party of the right to accelerate, terminate, modify or cancel, any agreement, lease, note or other restriction,
encumbrance, obligation or liability to which the Company is a party or by which it is bound or to which any assets of the Company
are subject, (d) result in the creation of any lien or encumbrance upon the assets of the Company, or upon any Shares or other
securities of the Company, (e) conflict with or result in a breach of or constitute a default under any provision of the articles
of incorporation or the bylaws of the Company, or (f) invalidate or adversely affect any permit, license, authorization or status
used in the conduct of the business of the Company.

 

    12

     

    

 

(d) 
Capitalization. The capitalization of the Company is substantially as set forth in the SEC Reports..

 

(e) 
Private Placements. Assuming the accuracy of the Subscriber’s representations and warranties set forth in Section
4, no registration under the Securities Act is required for the offer and sale of the Shares by the Company to the Subscribers
as contemplated hereby.

 

(f) 
Investment Company. The Company is not, and is not an affiliate of, and immediately after receipt of payment for
the Shares will not be or be an affiliate of, an “investment company” within the meaning of the Investment Company
Act of 1940, as amended. The Company shall, while the Subscriber owns Shares, conduct its business in a manner so that it will
not become subject to the Investment Company Act.

 

5.  OTHER AGREEMENTS OF THE PARTIES

 

(a) 
Securities Laws Disclosure; Publicity. The Company shall not publicly disclose the name of any Subscriber, or include
the name of any Subscriber in any filing with the SEC or any regulatory agency, without the prior written consent of such Subscriber,
except to the extent such disclosure is required by law, provided that, this Agreement will not restrict the right of the Company
to file a complete version of this Agreement with the SEC.

 

(b) 
Integration. The Company shall not, and shall use its best efforts to ensure that no affiliate of the Company
shall, after the date hereof, sell, offer for sale or solicit offers to buy or otherwise negotiate in respect of any security that
would be integrated with the offer or sale of the Shares in a manner that would require the registration under the Securities Act
of the sale of the Shares to the Subscribers.

 

(c) 
Quotation. As long as any Subscriber owns Shares, the Company shall use best efforts to maintain its “reporting
status” with the SEC.

 

    13

     

    

 

6. 
CONDITIONS TO ACCEPTANCE OF SUBSCRIPTION

 

The Company’s right to accept the subscription of the
Subscriber is conditioned upon satisfaction of the following conditions precedent on or before the date the Company accepts such
subscription:

 

(a) 
As of the Closing, no legal action, suit or proceeding shall be pending that seeks to restrain or prohibit the transactions
contemplated by this Agreement.

 

(b) 
The representations and warranties of the Company contained in this Agreement shall have been true and correct in all material
respects on the date of this Agreement and shall be true and correct as of the Closing as if made on the Closing Date.

 

7. 
MISCELLANEOUS PROVISIONS

 

(a) 
All parties hereto have been represented by counsel, and no inference shall be drawn in favor of or against any party by
virtue of the fact that such party’s counsel was or was not the principal draftsman of this Agreement.

 

(b) 
Each of the parties hereto shall be responsible to pay the costs and expenses of its own legal counsel in connection with
the preparation and review of this Agreement and related documentation.

 

(c) 
Neither this Agreement, nor any provisions hereof, shall be waived, modified, discharged or terminated except by an instrument
in writing signed by the party against whom any waiver, modification, discharge or termination is sought.

 

(d) 
The representations, warranties and agreement of the Subscriber and the Company made in this Agreement shall survive the
execution and delivery of this Agreement and the delivery of the Shares.

 

(e) 
Any party may send any notice, request, demand, claim or other communication hereunder to the Subscriber at the address
set forth on the signature page of this Agreement or to the Company at its primary office (including personal delivery, expedited
courier, messenger service, fax, ordinary mail or electronic mail), but no such notice, request, demand, claim or other communication
will be deemed to have been duly given unless and until it actually is received by the intended recipient. Any party may change
the address to which notices, requests, demands, claims and other communications hereunder are to be delivered by giving the other
parties written notice in the manner herein set forth.

 

    14

     

    

 

(f) 
Except as otherwise provided herein, this Agreement shall be binding upon, and inure to the benefit of, the parties to this
Agreement and their heirs, executors, administrators, successors, legal representatives and assigns. If the Subscriber is more
than one person or entity, the obligation of the Subscriber shall be joint and several and the agreements, representations, warranties
and acknowledgments contained herein shall be deemed to be made by, and be binding upon, each such person or entity and its heirs,
executors, administrators, successors, legal representatives and assigns. This Agreement sets forth the entire agreement and understanding
between the parties as to the subject matter hereof and merges and supersedes all prior discussions, agreements and understandings
of any and every nature among them.

 

(g) 
This Agreement is not transferable or assignable by the Subscriber.

 

(h) 
Except as otherwise provided herein, this Agreement shall not be changed, modified or amended except by a writing signed
by both (a) the Company and (b) the Subscribers.

 

(i) 
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, without giving effect
to conflicts of law principles.

 

(j) 
The Company and the Subscriber hereby agree that any dispute that may arise between them arising out of or in connection
with this Agreement shall be adjudicated before a court located in Miami, Florida, and they hereby submit to the exclusive jurisdiction
of the federal and state courts of the State of Florida located in Miami, Florida with respect to any action or legal proceeding
commenced by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue of any such action
or proceeding brought in such a court or respecting the fact that such court is an inconvenient forum, relating to or arising out
of this Agreement or any acts or omissions relating to the sale of the Shares hereunder, and consent to the service of process
in any such action or legal proceeding by means of registered or certified mail, return receipt requested, postage prepaid, in
care of the address set forth herein or such other address as either party shall furnish in writing to the other.

 

    15

     

    

 

(k) 
WAIVER OF JURY TRIAL. IN ANY ACTION, SUIT, OR PROCEEDING IN ANY JURISDICTION BROUGHT BY ANY PARTY AGAINST ANY OTHER
PARTY, THE PARTIES EACH KNOWINGLY AND INTENTIONALLY, TO THE GREATEST EXTENT PERMITTED BY APPLICABLE LAW, HEREBY ABSOLUTELY, UNCONDITIONALLY,
IRREVOCABLY AND EXPRESSLY WAIVES FOREVER TRIAL BY JURY.

 

(l) 
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

 

(Signature Pages Follow)

 

    16

     

    

 

SUBSCRIBER MUST COMPLETE THIS PAGE

 

IN WITNESS WHEREOF, the Subscriber has executed this Agreement
on the [Document.CreatedDate]

 

	[Number.SharesPurchased] x $5.00 for each Share	=	$ [Total.USDInvestment]
	 	 	 
	Shares subscribed for	 	Aggregate Purchase Price

 

Manner in which Title is to be held (Please Check One):

 

    17

     

    

 

	1.	☐	Individual	 	7.	☐ 	Trust/Estate/Pension or Profit sharing Plan
	 	 	 	 	 	 	 
	2.	☐ 	Joint Tenants with Right of Survivorship	 	8.	☐ 	Date Opened: As a Custodian for Under the Uniform Gift to Minors Act of the State of
	 	 	 	 	 	 	 
	3.	☐ 	Community Property	 	9.	☐ 	Married with Separate Property
	 	 	 	 	 	 	 
	4.	☐ 	Tenants in Common	 	10.	☐ 	Keogh
	 	 	 	 	 	 	 
	5.	☐ 	Corporation/Partnership/ Limited Liability Company	 	11.	☐ 	Tenants by the Entirety
	 	 	 	 	 	 	 
	6.	☐ 	IRA	 	 	 	 

 

ALTERNATIVE DISTRIBUTION INFORMATION

 

To direct distribution to a party other than the registered
owner, complete the information below. YOU MUST COMPLETE THIS SECTION IF THIS IS AN IRA INVESTMENT.

 

Name of Firm (Bank, Brokerage, Custodian):

 

Account Name:

 

Account Number:

 

Representative Name:

 

Representative Phone Number:

 

Address:

 

City, State, Zip:

 

IF MORE THAN ONE SUBSCRIBER, EACH SUBSCRIBER
MUST SIGN. INDIVIDUAL SUBSCRIBERS

 MUST COMPLETE THIS PAGE 13.

SUBSCRIBERS WHICH ARE ENTITIES MUST COMPLETE
PAGE 14.

 

    18

     

    

 

EXECUTION BY NATURAL PERSONS

 

Exact Name in Which Title is to be Held

 

	Name (Please Print)	Name of Additional Subscriber
	 	 
	Residence: Number and Street	Address of Additional Subscriber
	 	 
	City, State and Zip Code	City, State and Zip Code
	 	 
	Social Security Number	Social Security Number
	 	 
	Telephone Number	Telephone Number
	 	 
	Fax Number (if available)	Fax Number (if available)
	 	 
	E-Mail (if available)	E-Mail (if available)
	 	 
	 	 
	(Signature)	(Signature of Additional Subscriber)

 

ACCEPTED on [Document.CreatedDate]
on behalf of the Company.

 

	 	By:	 
	 	Name:	J. Mark Goode
	 	Title:	Chief Executive Officer

 

(SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT)

 

    19

     

    

 

EXECUTION BY SUBSCRIBER WHICH IS AN ENTITY

 

(Corporation, Partnership, LLC, Trust, Etc.)

 

Name of Entity (Please Print)

 

Date of Incorporation or Organization:

 

State/Country of Principal Office:

 

Federal Taxpayer Identification Number (or foreign equivalent):

 

Office Address

 

City, State and Zip Code

 

Telephone Number

 

Fax Number (if available)

 

E-Mail (if available)

 

	 	By:	 
	 	Name:	[Client.FirstName] [Client.LastName]
	 	Title:	[Client.Title]

 

ACCEPTED on [Document.CreatedDate] , on behalf of the Company.

 

	 	By:	 
	 	Name:	J. Mark Goode
	 	Title:	CEO

 

(SIGNATURE PAGE FOR SUBSCRIPTION AGREEMENT)

 

    20

     

    

 

ANNEX A

 

WIRE INSTRUCTIONS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    A-1

     

    

 

ANNEX B

 

RISK FACTORS

 

Investing in the Shares involves a high
degree of risk. A prospective Subscriber should consider the following risks, as well those risk factors set forth in the Company’s
last Annual Report on Form 10-K,before purchasing any Shares. Any of such risks could harm the Company’s business, operating
results and financial condition and cause the trading price of the Company’s common stock to decline, which would cause a
Subscriber to lose all or part of its investment. When determining whether to invest, a prospective Subscriber should also refer
to the other information contained in the SEC Reports including the Company’s financial statements and the related notes
thereto.

 

Risks Relating to the Offering of the
Shares

 

The Shares will be subject to restrictions
on resale.

 

We have not registered the sale of any of the Shares under the
Securities Act or any state securities laws. The securities offered hereby are highly illiquid, and are not transferable except
in accordance with the Securities Act. Consequently, the Shares may not be resold or otherwise transferred unless they are subsequently
registered under applicable securities laws or an exemption therefrom is available. In view of these and other limitations to the
transfer of the Shares as described herein, the Shares should be considered an illiquid investment which may need to be held indefinitely.
Limitations on the transfer of the Shares may also adversely affect the price that a Subscriber might be able to obtain for such
securities in a private sale.

 

There is not an active, liquid market
for the Company’s common stock.

 

The Company’s common stock is not
listed on any national securities exchange. Accordingly, investors may find it more difficult to buy and sell the Company’s
common stock than if it was traded on an exchange. Although the Company’s common stock is quoted on the OTC Pink, it is an
unorganized, inter-dealer, over-the-counter market which provides significantly less liquidity than the NASDAQ Capital Market or
other national securities exchange. Further, there is little reported trading in the Company’s common stock. These factors
may have an adverse impact on the trading and price of the Company’s common stock.

 

The Company will have broad discretion
and flexibility in how it uses the net proceeds from the offering.

 

The Company intends to use the net proceeds
from this offering for general corporate purposes including working capital. The Company’s management will have significant
discretion and flexibility in applying the net proceeds of this offering. Subscribers will be relying on the judgment of the Company’s
management with regard to the use of these net proceeds, and Subscribers will not have the opportunity, as part of their investment
decision, to assess whether the net proceeds are being used appropriately. The failure of management to use such funds effectively
could have a material adverse effect on the Company’s business, financial condition, operating results and cash flow.

 

    B-1

     

    

 

Additional stock offerings in the future may dilute then
existing stockholders’ percentage ownership of the Company.

 

Given the Company’s plans and expectations that it will
need additional capital, the Company anticipates that it will need to issue additional shares of common stock or securities convertible
or exercisable for shares of common stock, which may include, for example, convertible preferred stock, convertible notes, or warrants.
The issuance of additional securities in the future will dilute the percentage ownership of then existing stockholders.

 

The price of the Shares has been determined without a
third party valuation or fairness opinion.

 

The Company has set the price of the Shares without the benefit
of any third party valuation or fairness opinion or review. Subscribers must make their own determination as to the accuracy, fairness
or reasonableness of the price of the Shares and the other terms of the offering.

 

There is no investor counsel.

 

The Company has not retained any independent professionals to
review or comment on this offering or otherwise protect the interests of Subscribers. Although the Company has retained its own
counsel, neither such firm nor any other firm has made any independent examination of any factual matters represented by management
herein, and purchasers of the Shares offered hereby should not rely on any such firms so retained with respect to any matters herein
described

 

No governmental entity has evaluated the Shares.

 

No federal or state commission, department or agency has made
any evaluation, finding, recommendation or endorsement with respect to the Shares.

 

 

B-2Exhibit 10.1

 

EXECUTION VERSION

 

CONSULTING
AGREEMENT

 

This Consulting Agreement
(this “Agreement”) is entered into by and between PeerStream, Inc. (f/k/a Snap Interactive, Inc.), a
Delaware corporation (the “Company”), and Judy Krandel (“Ms. Krandel” or “Consultant”).
The Company and Consultant shall be referred to herein individually as a “Party” and collectively as
the “Parties.”

 

RECITALS

 

WHEREAS, Ms.
Krandel currently serves as an officer, employee, and stockholder of the Company and previously entered into an employment agreement
with the Company dated November 14, 2016 (“Krandel Employment Agreement”);

 

WHEREAS, Ms.
Krandel wishes to resign as an officer and employee of the Company as of May 6, 2019 (the “Effective Date”);

 

WHEREAS, the
Company wishes to utilize certain services which can be performed by Ms. Krandel, and the Parties agree that it would be to their
mutual advantage to execute this Agreement and thereby define the terms and conditions which shall control the rendering of services
provided to the Company by Ms. Krandel; and

 

WHEREAS, upon
the Effective Date, the Krandel Employment Agreement will be automatically terminated and will have no further force or effect,
and the Company will be under no obligation to make any further payments under the Krandel Employment Agreement, and Ms. Krandel
shall likewise have no further obligations under the Krandel Employment Agreement, including but not limited to, any obligations
under Section 6 through 11 of the Krandel Employment Agreement which are amended and superseded by this Agreement.

 

WHEREAS, Krandel
and the Company desire to set forth certain agreements with respect to her separation of employment with the Company;

 

NOW, THEREFORE,
in consideration of the terms and conditions of this Agreement and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

1. Agreement
to Perform Consulting Services. The Company desires to secure the services of Consultant. The Company and Consultant acknowledge
that this Agreement supersedes any other offer, agreement or promises made by anyone concerning the consulting services to be provided
by Consultant to the Company.

 

2. Term
of Agreement. This Agreement shall be binding upon and enforceable against the Company and Consultant as of the Effective
Date. This Agreement’s stated term will begin on the Effective Date and will remain in effect until terminated in accordance
with Section 9 (the “Advisory Period”).

 

3. Surviving
Agreement Provisions. Notwithstanding any provision of this Agreement to the contrary, the Parties’ respective rights
and obligations under Sections 6 through 12 of this Agreement shall survive any termination or expiration of this Agreement or
the termination of Consultant’s services for any reason whatsoever.

 

     

     

    

 

4. Services
to be Provided by Consultant. 

 

(a) Position
and Responsibilities. Consultant agrees to provide services to the Company as requested from time to time by the Company’s
Chief Executive Officer (“CEO”) during the Advisory Period, which shall include, without limitation,
the services identified in Exhibit A (Scope of Work) (the “Services”). The Parties understand that as
an independent Consultant, Consultant shall control the method, means, and location of how and when she provides the Services.
Consultant is not integral to the Company’s operations, nor exclusive to it, and is free to perform services for third parties,
as long as such services do not violate any of the provisions of this Agreement, including without limitation, Section 8, below.

 

 (b) Consultant’s Representations. Consultant represents to the Company that she is not violating and will not violate any contractual, legal, or fiduciary obligations or burdens to which Consultant is subject by entering into this Agreement or providing services under this Agreement’s terms.

 

5. Compensation
for Services. As compensation for the services Consultant will perform under this Agreement, the Company will pay Consultant,
and Consultant shall accept as full compensation, the following:

 

(a) i)
Consulting Fee. As compensation for the Services to be rendered by Consultant from the Effective Date of this Agreement
through the duration of the Advisory Period, the Company shall pay Consultant Five Thousand Dollars and Zero Cents ($5,000.00)
(the “Consulting Fee”) each month, prorated for partial month during the term. Consultant shall
invoice the Company at the end of each calendar month.

 

    ii) Change of Control Payment.
In the event that a “change of control,” as defined below, takes place during the Advisory Period, or within thirty
(30) calendar days of the termination or cessation of the Advisory Period for any reason, Consultant shall receive a gross payment
of $50,000,00. A “Change in Control” shall mean the consummation of one or a series of related transactions pursuant
to which (1) a Third Party (as defined below) acquires all or substantially all of the assets of the Company (other than in connection
with financing transactions, sale and leaseback transactions or other similar transactions), (2) a Third Party acquires more than
50% of the voting stock of the Company, or (3) a Third Party acquires the ability to appoint a majority of the board of directors
of the Company; provided, however, that the transaction (or the series of related transactions, as the case may be) must satisfy
the requirements of a “change in the ownership of a corporation,” a “change in the effective control of a corporation”
or a “change in the ownership of a substantial portion of a corporation’s assets” with respect to the Company
under Section 409A of the Internal Revenue Code, Treas. Reg. Section 1.409A-3(i)(5) and any other regulations or guidance promulgated
thereunder; and further provided, that in the event of a series of related transactions, the Change in Control shall occur upon
the consummation of the final transaction. A “Third Party” shall mean a person or entity who is not a stockholder of
the Company as of the date hereof, or an affiliate of such a stockholder.

 

    iii) Commissions: During
the Advisory Period, if Consultant makes a commercial introduction to a third-party company representative for purposes of having
said representative’s company utilize the Company’s secure communications business, and such introduction is new to
the Company (i.e. that the Company did not already have contact with said company representative or their immediate colleagues),
this shall be deemed a "Consultant Introduction." If any Consultant Introduction for calendar years 2019 and 2020 generates
revenue for Company during the calendar year of the introduction or the following calendar year, Consultant shall be eligible for
a sales commission of 2% of the GAAP revenue generated by that sale. For the avoidance of doubt, revenue from Consultant Introductions
shall not be commissionable beyond December 31st of the calendar year following the calendar year of introduction, and
at the time of termination of the agreement, no new Consultant Introductions will be accepted. Commissions are paid on GAAP revenue
recognized by the company in its financial statements, and shall be paid quarterly within 30 days of the applicable quarterly financial
filing date. The commission shall be deemed earned when the Company realizes the GAAP revenue generated by the sale. However, unless
and until the Consultant Introduction generates at least $100,000 of GAAP revenue to Company, such Consultant Introduction shall
not generate a 2% commission nor be considered earned. Note that Consultant Introductions may also include resellers who sell Company
software to third parties, in which case the third party revenue to Company would be eligible to count towards a commission as
described above.

 

    2

     

    

 

    (iv) Option
Agreement. On November 15, 2016 the Company and Ms. Krandel entered into an Option Award Agreement for the right to purchase
142,857 shares of Company stock at $4.55 per share (the “Option Agreement”). Subject to the approval
of the Company’s Compensation Committee, as soon as practicable following the Effective Date, as defined below, the Company
and Consultant will cancel the Option Agreement and enter into a Revised Option Agreement granting Ms. Krandel a stock option to
acquire up to 142,857 shares of common stock at an exercise price equal to the greater of (i) $3.55 per share and (ii) the fair
market value of the Company’s common stock on the date of grant (the “Revised Option Agreement”).
If approved by the Compensation Committee, the Revised Option Agreement shall provide that such stock option shall vest as follows:
(i) 50% of such stock option shall be fully vested on the date of grant, (ii) 25% of such stock option shall vest on May 15, 2019
and (iii) the remaining 25% of such stock option shall vest in 12 equal installments on the 15th day of each month, with the first
tranche vesting on June 15, 2019 and the last tranche vesting on May 15, 2020.

 

(b) Expenses.
Consultant represents that she possesses the tools and resources she needs to perform the Services and bears the cost of obtaining
and maintaining such tools and resources. Unless the Company agrees in advance to pay for a particular expense, Consultant shall
be responsible for all expenses incurred while performing the Services under this Agreement. For expenses incurred by Consultant
that the Company has agreed in advance to pay for, Consultant shall submit to the Company a detailed expense report with copies
of all receipts. The Company will pay and reimburse Consultant in accordance with the Company’s customary payment and reimbursement
procedures.

 

(c) No
Benefits. Consultant shall at all times be an independent contractor (and not an employee or agent of the Company); therefore,
Consultant shall not be entitled to participate in any benefit plans or programs that the Company provides or may provide to its
employees, including, but not limited to, pension, profit-sharing, medical, dental, workers’ compensation, occupational injury,
life insurance and vacation or sick benefits, except as may otherwise be required pursuant to the Consolidated Omnibus Budget Reconciliation
Act of 1985, as amended (“COBRA”), or similar state law.

 

(d) No
Workers’ Compensation. Consultant understands and acknowledges that the Company shall not obtain workers’ compensation
insurance covering Consultant and that she shall be responsible for obtaining such coverage and/or being responsible for any injuries
she incurs while providing the Services or any related work for the Company.

 

    3

     

    

 

(e) Federal,
State, and Local Taxes. Except as otherwise provided in the Second Amendments (as defined below) to the Restricted Stock Awards
(as defined below), neither federal, state, or local income tax nor payroll tax of any kind shall be withheld or paid by the Company
on behalf of Consultant. Consultant shall not be an employee of the Company with respect to the Services performed under this Agreement
for federal, state, or local tax purposes. The Company will report the amount it pays Consultant on IRS Forms 1099, to the
extent required to do so under applicable Internal Revenue Code provisions and state or local law. Consultant agrees to fully indemnify,
defend and hold harmless the Company and its members, managers, subsidiaries and affiliates, and the officers, directors, employees,
independent Consultants, successors and assigns of each of the foregoing (together, the “Indemnified Persons”) against
any and all claims, costs, damages, demands, expenses (including without limitation attorneys’ fees, penalties, and interest),
judgments, losses or other liabilities of any kind or nature whatsoever arising from or directly or indirectly related to any breach
or failure, and the resulting tax ramifications thereof, of Consultant, to comply with or otherwise satisfy the requirements of
being an independent Consultant.

 

6. Trading
Restrictions. Unless otherwise agreed to in writing by the Company, for the duration of the Advisory Period (the “Trading
Restrictions Period”), Consultant will be prohibited from selling or transferring any securities of the Company held
by Consultant (including securities acquired after the date hereof), unless such sales are in compliance with (i) the volume limitations
set forth in Rule 144(e) of the Securities Act of 1933, as amended (“Rule 144”), applicable to sales
of common stock by “Affiliates” (as defined in Rule 144) of the Company and (ii) the Company’s Regulatory Compliance
& Insider Trading Policy in effect as of the Effective Date (the “Insider Trading Policy”).

 

7. Confidential
Information.

 

(a) Confidential
Information. The Company (i) may provide Consultant with confidential information and trade secrets of the Company (hereinafter
referred to as “Confidential Information”) and may place Consultant in a position to develop and have
ongoing access to Confidential Information of the Company only if necessary for Consultant to perform the services under this Agreement,
(ii) may entrust Consultant with business opportunities of the Company, and (iii) may place Consultant in a position to develop
business goodwill on behalf of the Company. For purposes of this Agreement, Confidential Information includes, but is not limited
to:

 

(i) Technologies
developed by the Company and any research data or other documentation related to the development of such technologies, including
all designs, ideas, concepts, improvements, product developments, discoveries and inventions, whether patentable or not, that are
conceived, developed or acquired by Consultant, individually or in conjunction with others during the period Consultant performs
Services for the Company;

 

(ii) All
documents, drawings, memoranda, notes, records, files, correspondence, manuals, models, specifications, computer programs, E-mail,
voice mail, electronic databases, maps, logs, drawings, models and all other writings or materials of any type embodying any of
such information, ideas, concepts, improvements, discoveries, inventions and other similar forms of expression that are conceived,
developed or acquired by Consultant individually or in conjunction with others during the Advisory Period (whether during business
hours or otherwise and whether on any Company premises or otherwise) that relate to the Company’s business, trade secrets,
products or services;

 

    4

     

    

 

(iii) Customer
lists and prospect lists developed by the Company;

 

(iv) Information
regarding the Company’s customers which Consultant acquired as a result of her performing Services for the Company, including
but not limited to, customer contracts, work performed for customers, customer contacts, customer requirements and needs, data
used by the Company to formulate customer bids, customer financial information, and other information regarding the customer’s
business;

 

(v) Information
related to the Company’s business, including but not limited to marketing strategies and plans, sales procedures, operating
policies and procedures, pricing and pricing strategies, business plans, sales, profits, and other business and financial information
of the Company;

 

(vi) Training
materials developed by and utilized by the Company; and

 

(vii) Any
other information that Consultant acquired as a result of her performing Services for the Company and which Consultant has a reasonable
basis to believe the Company would not want disclosed to a business competitor or to the general public.

 

Consultant
understands and acknowledges that such Confidential Information gives the Company a competitive advantage over others who do not
have the information, and that the Company would be harmed if the Confidential Information were disclosed.

 

(b) Disclosure
Of Confidential Information. Consultant agrees that she shall hold all Confidential Information of the Company in trust for
the Company and shall not during the Advisory Period or after she ceases to provide Services for any reason: (a) use the information
for any purpose other than the benefit of the Company; or (b) disclose to any person or entity any Confidential Information of
the Company except as necessary during the Advisory Period to provide Services on behalf of the Company. Consultant shall also
take reasonable steps to safeguard such Confidential Information and to prevent its disclosure to unauthorized persons. 

 

(c) Return
Of Information. Upon termination of the Advisory Period, or at any earlier time as directed by the Company, Consultant shall
immediately deliver to the Company any and all Confidential Information that Consultant acquires or creates during the term of
this Agreement and any copies of any such documents/information. Consultant shall not retain any originals or copies of any documents
or materials related to the Company’s business, which Consultant came into possession of or created as a result of her performing
Services for the Company during the term of this Agreement. Consultant acknowledges that such information, documents and materials
are the exclusive property of the Company. In addition, upon termination of the Advisory Period, or at any time earlier as directed
by the Company, Consultant shall immediately deliver to the Company any property of the Company in Consultant’s possession.

 

    5

     

    

 

(d) Authorized
Use of Trade Secrets/ Confidential Information. Notwithstanding the foregoing, Consultant understands that Consultant may disclose
proprietary and/ or confidential information when required to do so by a court of competent jurisdiction, by any governmental agency
having authority over Consultant or the business of the Company or by any administrative body or legislative body (including a
committee thereof) with jurisdiction to order that Consultant divulge, disclose or make accessible such information. The Company
hereby notifies Consultant in accordance with the Defend Trade Secrets Act of 2016 that Consultant will not be held criminally
or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (a) is made (i) in confidence
to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose
of reporting or investigating a suspected violation of law; or (b) is made in a complaint or other document that is filed under
seal in a lawsuit or other proceeding. The Company further notifies Consultant that if Consultant files a lawsuit for retaliation
against the Company for reporting a suspected violation of law, Consultant may disclose the Company’s trade secrets to Consultant’s
attorney and use the trade secret information in the court proceeding if Consultant: (a) files any document containing the trade
secret under seal; and (b) does not disclose the trade secret, except pursuant to court order.

 

8.  Non-Solicitation
and Non-Disparagement. In consideration for (i) the Company’s promise to provide Confidential Information to Consultant,
(ii) the substantial economic investment made by the Company in the Confidential Information and goodwill of the Company, and the
business opportunities disclosed or entrusted to Consultant, and (iii) the compensation provided by the Company to Consultant,
and (iv) to protect the Company’s Confidential Information, Consultant agrees to enter into the following covenants.

 

For purposes of this Agreement:

 

“Business”
means the business of establishing and/or providing online dating services or other service that directly compete with the services
offered by the Company and with which Consultant was directly involved as a Consultant to the Company.

 

(a) Non-Solicitation.
Consultant agrees that, during the Advisory Period and for the periods set forth below, other than in connection with her duties
under this Agreement, Consultant shall not, directly or indirectly, either as a principal, manager, agent, employee, consultant,
officer, director, stockholder, partner, investor or lender or in any other capacity, and whether personally or through other persons:

 

(i) For
a six (6) month period following the end of the Advisory Period, solicit business from, interfere with, attempt to solicit business
with, do business with, or provide services to (collectively, “Restricted Activity”): a) any customer, referral source
and/or sponsor of the Company (a “Restricted Party”) with whom the Company did business or who the Company solicited
within one (1) year proceeding the Restricted Activity; b) any Restricted Party who or which: (1) Consultant contacted, called
on, serviced or did business with during the Advisory Period or during her employment with the Company; or who or which (2) Consultant
learned of as a result of either her employment or Consultant’s performance of Services for the Company; or (3) about whom
Consultant received Confidential Information. This restriction in this Section 8(a)(i) applies only to the Business (as defined
above) of the Company or any affiliate thereof and does not apply to general service providers (such as payment processors); or

 

(ii) For
a twelve (12) month period immediately following the end of the Advisory Period, solicit, induce or attempt to solicit or induce,
engage or hire, on behalf of himself or any other person or entity, any person who is an employee or consultant of the Company
or who was employed by the Company within the preceding twelve (12) months.

 

    6

     

    

 

(b) Non-Disparagement.
Consultant agrees that the Company’s goodwill and reputation are assets of great value to the Company and its affiliates
which were obtained through great costs, time and effort. Therefore, Consultant agrees that during the Advisory Period and thereafter,
Consultant shall not in any way, directly or indirectly, individually or in concert with others, engage in any conduct or make
any statement that is likely to have the effect of undermining, disparaging, libeling or defaming the Company, its beneficial owners
or its affiliates, their respective business or business practices, products or services, officers, directors, agents, representatives
or employees, past or present. The Company also agrees that during the Advisory Period and thereafter, the Company shall not in
any way, directly or indirectly, individually or in concert with others, engage in any conduct or make any statement that is likely
to have the effect of undermining, disparaging, libeling or defaming the Consultant or her business or business practices, products
or services, agents or representatives, past or present.

 

(c) Tolling.
If Consultant violates any of the restrictions contained in this Section 8 (other than subsection (b) of this Section 8), the applicable
restricted period shall be extended by any and all periods during which Consultant is found to be in breach of such restrictions
by a court of competent jurisdiction.

 

(d) Remedies.
Consultant acknowledges that the restrictions contained in Sections 7 and 8 of this Agreement, in view of the nature of the Company’s
business, are reasonable and necessary to protect the Company’s legitimate business interests and that any violation of Sections
7 and 8 of this Agreement would result in irreparable injury to the Company. In the event of a breach by Consultant of Sections
7 or 8 of this Agreement, then the Company shall be entitled to a temporary restraining order and injunctive relief restraining
Consultant from the commission of any breach. In any such action by the Company, the Company and the Consultant shall each be responsible
for their respective legal fees, expenses and costs.

 

(e) Reformation.
The courts shall be entitled to modify the duration and scope of any restriction contained herein to the extent such restriction
would otherwise be unenforceable, and such restriction as modified shall be enforceable. Consultant acknowledges that the restrictions
imposed by this Agreement are legitimate, reasonable and necessary to protect the Company’s investment in its businesses
and the goodwill thereof. Consultant acknowledges that the scope and duration of the restrictions contained herein are necessary
and reasonable in light of the time that Consultant has been engaged in the business of the Company, Consultant’s reputation
in the markets for the Company’s business and Consultant’s relationship with the suppliers, customers and clients of
the Company.

 

9. Termination
of Agreement. The consulting relationship between Consultant and the Company created under this Agreement shall terminate
upon the occurrence of any one of the following events:

 

(a) Death
or Permanent Disability. This Agreement shall be terminated effective on the death or permanent disability of Consultant. For
this purpose, “permanent disability” shall mean that Consultant is, by reason of any medically determinable physical
or mental impairment that is expected to result in death or can be expected to last for a continuous period of not less than twelve
(12) months, as determined by a physician mutually selected by the Company and Consultant.

 

    7

     

    

 

(b) Termination
by Company or Resignation by Consultant. The Company shall have the option to terminate Consultant’s Services
for convenience during the Advisory Period, effective upon thirty (30) days written notice of such termination to Consultant, but
such notice may be delivered no sooner than sixty (60) days following the Effective Date. The Consultant also shall have the option
to terminate her performance of Services during the Advisory Period for any reason, upon 15 business days written notice to the
Company.

 

10. Compensation
Upon Termination.

 

(a)  Upon
the termination of Consultant’s performance of Services under this Agreement before the expiration of the stated term in
this Agreement, Consultant shall be entitled to the following within thirty (30) days of such termination: (i) any unpaid portion
of the Consulting Fee set forth in Section 5(a) above; and (ii) any previously authorized but unreimbursed business expenses

 

Notwithstanding
the foregoing, with respect to any stock options or other plans or programs in which Consultant is participating at the time of
termination of this Agreement, Consultant’s rights and benefits under each of these plans or programs shall be determined
in accordance with the terms, conditions, and limitations of the respective plan or program, and any separate agreement executed
by Consultant related thereto which may then be in effect.

 

(b) Penalty
for Breach of Covenants. For any period of time that Consultant is in breach of Section 7 or Section 8, the Company shall have
all other rights and remedies available under this Agreement or any other agreement at law or in equity.

 

11. Release

 

a) In
consideration of the mutual promises made herein, and the Revised Option Agreement, which Krandel acknowledges to be good and valuable
consideration, Krandel, on behalf of herself, her heirs, executors, successors and assigns, irrevocably and unconditionally releases,
waives, and forever discharges the Company, its current and former owners, investors, contractors, partners, parents, divisions,
subsidiaries, affiliated entities, divisions and/or related companies, and its and/or their present and former agents, employees,
officers, directors, attorneys, stockholders, employee benefit plans, plan fiduciaries, successors and/or assigns (collectively
the “Released Parties”), from any and all claims, demands, actions, causes of action, costs, fees, and all liability
whatsoever, whether known or unknown, fixed or contingent, which Krandel has, had, or may have against any of the Released Parties
relating to or arising out of her past employment or separation from employment with the Company, up to and including the Effective
Date. This Agreement includes, without limitation, claims at law or equity or sounding in contract (express or implied) or tort,
claims arising under any federal, state, county, international or local laws, of any jurisdiction, including any laws that prohibit
sex, sexual orientation, race, national origin, color, disability, religion, veteran, workers’ compensation or any other
form of discrimination, harassment, or retaliation. This Agreement specifically includes, but is not limited to, claims under the
Fair Labor Standards Act (“FLSA”), the Employee Retirement Income Security Act (“ERISA”), the Americans
With Disabilities Act (“ADA”), the ADA Amendments Act (“ADAAA”), the Family and Medical Leave Act of 1993
(“FMLA”), Title VII of Civil Rights Act of 1964 (“Title VII”), the Worker Adjustment and Retraining Notification
Act (“WARN”), the Sarbanes Oxley Act (“SOX”), the Employee Polygraph Protection Act (“EPPA”),
the Genetic Information Non-Discrimination Act (“GINA”), the Uniform Services Employment and Re-employment Rights Act
(“USERRA”), the Worker Adjustment Retraining Notification Act (“WARN”), the Lilly Ledbetter Fair Pay Act,
the New York State Human Rights Law, the New York State Employment Relations Act, the New York State Labor Law, the New York Whistleblower
Laws, the New York Equal Rights Law, the New York Wage Payment Act, the New York City Human Rights Law, and any and all other federal,
state, county, or local laws, ordinances, or regulations addressing the relationship between employees and employers. By signing
this Agreement, Krandel represents that she has not filed any claims, complaints, charges, or lawsuits against any of the Released
Parties, with any governmental agency or court and that Krandel will not bring any legal action against any of the Released Parties
at any time hereafter for any matter, claim, or incident, known or unknown, that occurred or arose out of occurrences on or prior
to the date Krandel executes this Agreement; provided, however, that this paragraph shall not limit Krandel from filing a claim
or lawsuit for the sole purpose of enforcing her rights under this Agreement and shall not prevent Krandel from filing (but will
prevent Krandel from receiving any money damages based on) a charge with the Equal Employment Opportunity Commission or any similar
governmental agency.

 

    8

     

    

 

b) Krandel
warrants that she has not filed any complaint, charge or claim for relief (collectively, a “Lawsuit”) against any of
the Releasees with any local, state or federal court or administrative agency. Krandel promises never to file a Lawsuit asserting
any claims that are released in Paragraph 11(a). Nothing in this Agreement shall prevent Krandel from participating in or
cooperating with any investigation or administrative proceeding conducted by the New York State Division of Human Rights, the Equal
Employment Opportunity Commission, or any other state or federal administrative agency. However, in the event that a Lawsuit against
any of the Releasees is filed with or instituted by any such agency, Krandel expressly waives and shall not accept any monetary
damages or award arising from said Lawsuit. Additionally, nothing in this Agreement prohibits or restricts her (or her attorney)
from initiating communications directly with, responding to an inquiry from, or providing testimony before the Securities and Exchange
Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory organization or any other federal
or state regulatory authority regarding this Agreement or its underlying facts or circumstances or a possible securities law violation.
This Agreement does not limit Krandel’s right to receive an award for information provided to the SEC or FINRA. If Krandel
breaks her promise set forth in this Paragraph, she will pay for all costs incurred by the Releasees, including their reasonable
attorneys’ fees, in defending against your claims. Krandel shall also lose any benefits provided in exchange for this Release,
including the Repricing. This Paragraph does not apply to a claim under the Older Workers’ Benefit Protection Act (OWBPA)
challenging the validity of the release of ADEA claims in Paragraph 11(a).

 

c) Notice
of Immunity Under the Economic Espionage Act of 1996, as amended by the Defend Trade Secrets Act of 2016. Notwithstanding any other
provision of this Agreement:

 

(i) Krandel will not be held criminally or civilly
liable under any federal or state trade secret law for any disclosure of a trade secret that is made: (1) in confidence to a federal,
state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting
or investigating a suspected violation of law; or (2) in a complaint or other document that is filed under seal in a lawsuit or
other proceeding.

 

    9

     

    

 

(ii)  If
Krandel files a lawsuit for retaliation by the Company for reporting a suspected violation of law, she may disclose the Company’s
trade secrets to her attorney and use the trade secret information in the court proceeding if she: (1) files any document containing
the trade secret under seal; and (2) does not disclose the trade secret, except pursuant to court order.

 

d)  Krandel
understands that the Company has given her a period of twenty-one (21) days to review and consider
this Agreement before signing it. Krandel further understands that she may use as much of this twenty-one-day period as she wishes
prior to signing. 

 

e) The
Company has encouraged Krandel to consult with an attorney before signing this Agreement and she has done so. 

 

f) Krandel
may revoke this Agreement within seven (7) days of the date on which she signs it by delivering a written notice of revocation
to Joshua Zuckerberg, at Pryor Cashman LLP, 7 Times Square, New York, New York 10036, no later than the close of business on the
seventh day after she signs and deliver this Agreement to the Company. If Krandel revokes this Agreement, it shall not be effective
or enforceable, and she will not receive the benefits provided in the Repricing. 

 

12. Other Provisions.

 

(a) Remedies.
Each of the parties to this Agreement shall be entitled to enforce its rights under this Agreement, specifically, to recover damages
by reason of any breach of any provision of this Agreement and to exercise all other rights existing in its favor.

 

(b) Limitations
on Assignment. In entering into this Agreement, the Company is relying on the unique personal services of Consultant; services
from another person will not be an acceptable substitute. Except as provided in this Agreement, Consultant may not assign this
Agreement or any of the rights or obligations set forth in this Agreement without the explicit written consent of the Company.
Any attempted assignment by Consultant in violation of this Section 12(b) shall be void. Except as provided in this Agreement,
nothing in this Agreement entitles any person other than the parties to this Agreement to any claim, cause of action, remedy, or
right of any kind, including, without limitation, the right of employment.

 

(c) Severability
and Reformation. The Parties intend all provisions of this Agreement to be enforced to the fullest extent permitted by law.
If, however, any provision of this Agreement is held to be illegal, invalid, or unenforceable under present or future law, such
provision shall be fully severable, and this Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable
provision were never a part hereof, and the remaining provisions shall remain in full force and effect and shall not be affected
by the illegal, invalid, or unenforceable provision or by its severance. In lieu of such illegal, invalid or unenforceable provision,
there shall be added automatically as a part of this Agreement a legal, valid and enforceable provision as similar in terms to
such illegal, invalid or unenforceable provision as may be possible, and the Company and Consultant hereby request the court to
whom disputes relating to this Agreement are submitted to reform the otherwise unenforceable covenant in accordance with this Section
12(c).

 

    10

     

    

 

(d) Notices.
Any notice or other communication required, permitted or desired to be given under this Agreement shall be deemed delivered when
personally delivered; the business day, if delivered by overnight courier; the same day, if transmitted by facsimile on a business
day before noon, Eastern Standard Time; the next business day, if otherwise transmitted by facsimile; and the third business day
after mailing, if mailed by prepaid certified mail, return receipt requested, as addressed or transmitted as follows (as applicable):

 

If to Consultant:

 

Judy Krandel

15 Sichel Court

West Orange,
NJ 07052

 

If to the Company:

 

PeerStream,
Inc.

122 East 42nd Street

New York, NY 10168

 

(e) Further
Acts. Whether or not specifically required under the terms of this Agreement, each party shall execute and deliver such documents
and take such further actions as shall be necessary in order for such party to perform all of her or its obligations specified
in this Agreement or reasonably implied from this Agreement’s terms.

 

(f) Publicity
and Advertising. Consultant agrees that the Company may use her name, picture, or likeness for any advertising, publicity or
other business purpose at any time during the Advisory Period and may continue to use materials generated during the Advisory Period
for a period of six (6) months thereafter. The use of Consultant’s name, picture, or likeness shall not be deemed to result
in any invasion of Consultant’s privacy or in violation of any property right Consultant may have; and Consultant shall receive
no additional consideration if her name, picture or likeness is so used. Consultant further agrees that any negatives, prints or
other material for printing or reproduction purposes prepared in connection with the use of her name, picture or likeness by the
Company shall be and are the sole property of the Company.

 

(g) GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING
EFFECT TO THE CONFLICT OF LAWS (RULES) OR CHOICE OF LAWS (RULES) THEREOF.

 

(h) Venue.
The exclusive venue for all suits or proceedings arising from or related to this Agreement shall be in a court of competent jurisdiction
in New York, New York.

 

(i) Waiver.
A party’s waiver of any breach or violation of any Agreement provisions shall not operate as, or be construed to be, a waiver
of any later breach of the same or other Agreement provision.

 

    11

     

    

 

(j) Entire
Agreement, Amendment, Binding Effect. This Agreement constitutes the entire agreement between the parties concerning
the subject matter in this Agreement, and supersedes all prior employment-related or consulting agreements by and between the Company
and the Consultant. No oral statements or prior written material not specifically incorporated in this Agreement shall be of any
force and effect, and no changes in or additions to this Agreement shall be recognized, unless incorporated in this Agreement by
written amendment, such amendment to become effective on the date stipulated in it. Consultant acknowledges and represents that
in executing this Agreement, she did not rely, and has not relied on any communications, promises, statements, inducements, or
representation(s), oral or written, by the Company, except as expressly contained in this Agreement. Any amendment to this Agreement
must be signed by all parties to this Agreement. This Agreement will be binding on and inure to the benefit of the parties hereto
and their respective successors, heirs, legal representatives, and permitted assigns (if any).

 

(k) Counterparts.
This Agreement may be executed in counterparts, with the same effect as if both parties had signed the same document. All such
counterparts shall be deemed an original, shall be construed together and shall constitute one and the same instrument.

 

(l) Withholding.
The Company shall be entitled to withhold from payment any amount of withholding required by law.

 

(m) Indemnification.
Consultant shall indemnify, defend, and hold harmless the Company, and all its affiliated entities, including, without limitation,
and any parent, subsidiary or division, and their officers, directors, consultants, shareholders, representatives, and West (collectively
“Entities”) from and against any and all charges, damages, costs, expenses (including, without limitation, reasonable
counsel fees and disbursements), judgments, penalties, claims, liabilities, or losses of any kind or nature whatsoever which may
be sustained or suffered by or secured against any of them, by reason of, based upon, or relating, to any breach of this Agreement
or claim, action, or proceeding asserted or instituted relating to Consultant’s provision of the Services or any services
under this Agreement, or any conduct by Consultant which affects or causes harm to a third party or the Company. The Company shall
indemnify Consultant for any claim, action, or proceeding asserted or instituted by a third-party and relating to any act or omission
of Consultant that was undertaken in good-faith, within the scope of her duties, and which was done or omitted without neglect
and/or which satisfied her fiduciary duties. The Company’s indemnification obligation does not pertain to any actions or
disputes between the Parties.

 

 

[Signature Page Follows]

 

    12

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first indicated above.

 

	 	PEERSTREAM, INC.
	 	 	 
	 	By:	/s/ Alexander Harrington
	 	 	Name:	Alexander Harrington
	 	 	Title:	Chief Executive Officer
	 	 	 	 
	 	Dated:	April 29, 2019	 
	 	 	 
	 	CONSULTANT:
	 	 	 
	 	/s/ Judy Krandel
	 	Judy Krandel
	 	 	 
	 	Dated:  	April 29, 2019	 
					

 

    13

     

    

 

EXHIBIT
A

 

		●	IR Strategy:

 

		o	Planning and logistics for investor meeting and conference schedule

 

		o	Coordination with IR firm

 

		o	Press release schedule and themes

 

		o	Management of investor email list

 

		o	Relationship building with investment banks and research firms

 

		●	Merger Partners: Identify and introduce screened public and private
companies based on agreed criteria

 

		●	Business development and customer prospecting for Secure Communications

 

		●	Approximately 10-15 hours per week, performed remotely unless otherwise
specified by Jason Katz or Alex Harrington

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]