Document:

Exhibit 10.4

 

REGISTRATION RIGHTS AGREEMENT

 

REGISTRATION
RIGHTS AGREEMENT (this "Agreement"), dated as of September 20, 2021, by and between MOBIQUITY TECHNOLOGIES, INC.,
a New York corporation (the "Company"), and BLUE LAKE PARTNERS, LLC, a Delaware limited liability company
(together with it permitted assigns, the “Investor”). Capitalized terms used herein and not otherwise defined herein
shall have the respective meanings set forth in the securities 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:

 

The Company has
agreed, upon the terms and subject to the conditions of the Purchase Agreement, to sell to the Investor the Securities (as defined in
the Purchase Agreement) and to induce the Investor 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 "Securities 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 Investor hereby agree as follows:

 

1.           
DEFINITIONS.

 

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

 

a.                  
"Investor" means the Investor, any transferee or assignee thereof to whom a Investor assigns its rights under
this Agreement in accordance with Section 9 and who agrees to become bound by the provisions of this Agreement, and any transferee or
assignee thereof to whom a transferee or assignee assigns its rights under this Agreement in accordance with Section 9 and who agrees
to become bound by the provisions of this Agreement.

 

b.                  
"Person" means any individual or entity including but not limited to 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.

 

c.                  
"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 Securities Act and/or pursuant to Rule
415 under the Securities 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 United States Securities and Exchange Commission
(the "SEC").

 

d.                  
"Registrable Securities" means all of the Conversion Shares (as defined in the Purchase Agreement) (the “Conversion
Shares”), Exercise Shares (as defined in the Purchase Agreement) (the “Exercise Shares”), and shares of Common Stock
issued to the Investor as a result of any stock split, stock dividend, recapitalization, exchange or similar event or otherwise, without
regard to any limitation on purchases under the Purchase Agreement, Note (as defined in the Purchase Agreement) (the “Note”),
or Warrant (as defined in the Purchase Agreement) (the “Warrant”).

 

e.                  
"Registration Statement" means one or more registration statements of the Company covering only the sale of the
Registrable Securities.

 

 

 

 

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f.                   
“Underwritten Offering” means an offering of Common Stock (or units consisting of Common Stock and warrants
to purchase Common Stock) that will result in the immediate listing for trading of the Common Stock on a National Exchange, which is intended
to be underwritten by the Underwriter and/or its affiliates.

 

g.                  
“Underwriter” means Spartan Capital Securities LLC, a registered broker-dealer (CRD#: 146251).

 

2.           
REGISTRATION.

 

a.                  
Mandatory Registration. The Company shall, within forty-five (45) calendar days from the date of this Agreement, file with
the SEC an initial Registration Statement covering the Underwritten Offering and the maximum number of Registrable Securities on behalf
of Investor as shall be permitted to be included thereon in accordance with applicable SEC rules, regulations and interpretations so as
to permit the resale of such Registrable Securities by the Investor, including but not limited to under Rule 415 under the Securities
Act at then prevailing market prices (and not fixed prices), subject to the aggregate number of authorized shares of the Company’s
Common Stock then available for issuance in its Certificate of Incorporation. The Investor and its counsel shall have a reasonable opportunity
to review and comment upon such Registration Statement and any amendment or supplement to such Registration Statement and any related
prospectus prior to its filing with the SEC, and the Company shall give due consideration to all reasonable comments. The Investor shall
furnish all information reasonably requested by the Company for inclusion therein. The Company shall have the Registration Statement and
any amendment declared effective by the SEC at the earliest possible date with the approval of the Underwriter (in any event within ninety
(90) calendar days from the date that the Registration Statement is initially filed, extendable by the Underwriter for up to an additional
30 days to obtain up-listing approval by a National Exchange). The Company shall keep the Registration Statement effective, including
but not limited to pursuant to Rule 415 promulgated under the Securities Act and available for the resale by the Investor of all of the
Registrable Securities covered thereby at all times as reasonably practicable until the earlier of the date on which the Investor shall
have sold all the Registrable Securities covered thereby or until the Registrable Securities are salable without restriction under Rule
144(b)(1)(i) (the "Registration Period"). 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 in which they were made, not misleading.
In the event that Registration Statement becomes stale, the Company shall expediously file one or more post-effective amendments to obtain
an effective Registration Statement as soon thereafter as is practicable, subject to the aforementioned provisions.

 

b.                  
Rule 424 Prospectus. The Company shall, as required by applicable securities regulations, from time to time file (in each
case, at the earliest possible date) with the SEC, pursuant to Rule 424 promulgated under the Securities Act, the prospectus and prospectus
supplements, if any, to be used in connection with sales of the Registrable Securities under the Registration Statement. The Company shall
file such initial prospectus on the same date that the Registration Statement is declared effective by the SEC. The Investor and its counsel
shall have a reasonable opportunity to review and comment upon such prospectus prior to its filing with the SEC, and the Company shall
give due consideration to all such comments. The Investor shall use its reasonable best efforts to comment upon such prospectus within
one (1) Business Day from the date the Investor receives the final pre-filing 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 all of the Registrable Securities, the Company shall amend the Registration Statement or file a new Registration Statement (a
“New Registration Statement”), so as to cover all of such Registrable Securities (subject to the limitations set
forth in Section 2(a)) as soon as practicable, but in any event not later than twenty (20) Business Days after the necessity
therefor arises, subject to any limits that may be imposed by the SEC pursuant to Rule 415 under the Securities Act. The Company
shall use it reasonable best efforts to cause such amendment and/or New Registration Statement to become effective as soon as
practicable following the filing thereof. In the event that any of the Registrable Securities are not included in the Registration
Statement, or have not been included in any New Registration Statement and the Company files any other registration statement under
the Securities Act (other than on Form S-4, Form S-8, or with respect to other employee related plans or rights offerings)
(“Other Registration Statement”) then the Company shall include such remaining Registrable Securities in such
Other Registration Statement. The Company agrees that it shall not file any such Other Registration Statement unless all of the
Registrable Securities have been included in such Other Registration Statement or otherwise have been registered for resale as
described above.

 

 

 

 

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d.                   Offering.
If the staff of the SEC (the “Staff”) or the SEC seeks to characterize any offering pursuant to a Registration Statement
filed pursuant to this Agreement as constituting an offering of securities that does not permit such Registration Statement to become
effective and be used for resales by the Investor under Rule 415 at then prevailing market prices (and not fixed prices), or if after
the filing of the initial Registration Statement with the SEC pursuant to Section 2(a), the Company is otherwise required by the Staff
or the SEC to reduce the number of Registrable Securities included in such initial Registration Statement, then the Company shall reduce
the number of Registrable Securities to be included in such initial Registration Statement (with the prior consent, which shall not be
unreasonably withheld, of the Investor and its legal counsel as to the specific Registrable Securities to be removed therefrom) until
such time as the Staff and the SEC shall so permit such Registration Statement to become effective and be used as aforesaid. In the event
of any reduction in Registrable Securities pursuant to this paragraph, the Company shall file one or more New Registration Statements
in accordance with Section 2(c) until such time as all Registrable Securities have been included in Registration Statements that have
been declared effective and the prospectus contained therein is available for use by the Investor. Notwithstanding any provision herein
or in the Purchase Agreement to the contrary, the Company’s obligations to register Registrable Securities (and any related conditions
to the Investor’s obligations) shall be qualified as necessary to comport with any requirement of the SEC or the Staff as addressed
in this Section 2(d).

 

3.           
RELATED OBLIGATIONS.

 

With respect to
the Registration Statement and whenever any Registrable Securities are to be registered pursuant to Section 2 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, which prospectus is to be filed pursuant to Rule 424
promulgated under the Securities Act, as may be necessary to keep the Registration Statement or any New Registration Statement effective
at all times during the Registration Period, and, during such period, comply with the provisions of the Securities 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.

 

b.                   The
Company shall permit the Investor to review and comment upon the Registration Statement or any New Registration Statement and all
amendments and supplements thereto at least two (2) Business Days prior to their filing with the SEC, and not file any document in a
form to which Investor reasonably objects. The Investor 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
Investor receives the final version thereof. The Company shall furnish to the Investor, 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.

 

c.                  
Upon request of the Investor, the Company shall furnish to the Investor, (i) promptly after the same is prepared and filed with
the SEC, at least one copy of such 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 any 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
Investor may reasonably request) and (iii) such other documents, including copies of any preliminary or final prospectus, as the Investor
may reasonably request from time to time in order to facilitate the disposition of the Registrable Securities owned by the Investor. For
the avoidance of doubt, any filing available to the Investor via the SEC’s live EDGAR system shall be deemed “furnished to
the Investor” hereunder.

 

 

 

 

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d.                  
The Company shall use reasonable best efforts to (i) register and qualify 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 Investor reasonably
requests, (ii) 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 Investor 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 threatening of any proceeding for such purpose.

 

e.                  
As promptly as practicable after becoming aware of such event or facts, the Company shall notify the Investor in writing of the
happening of any event or existence of such facts as a result of which 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 promptly prepare a supplement
or amendment to such registration statement to correct such untrue statement or omission, and deliver a copy of such supplement or amendment
to the Investor (or such other number of copies as the Investor may reasonably request). The Company shall also promptly notify the Investor
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 Investor by email
or facsimile on the same day of such effectiveness and by overnight mail), (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.

 

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 possible moment and to
notify the Investor 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 on the Principal Market (as defined
in the Purchase Agreement). The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section.

 

h.                  
The Company shall cooperate with the Investor to facilitate the timely preparation and delivery of the Registrable Securities (not
bearing any restrictive legend) either by DWAC, DRS, or in certificated form if DWAC or DRS is unavailable, to be offered pursuant to
any registration statement and enable such Registrable Securities to be in such denominations or amounts as the Investor may reasonably
request and registered in such names as the Investor may request.

 

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

 

 

 

 

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j.                   
If reasonably requested by the Investor, the Company shall (i) immediately incorporate in a prospectus supplement or post-effective
amendment such information as the Investor 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 as soon as practicable upon notification of the matters to be incorporated in such prospectus supplement or
post-effective amendment; and (iii) supplement or make amendments to any registration statement.

 

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 as may be necessary to consummate the disposition of
such Registrable Securities.

 

l.                   
Within three (3) Business Days after any registration statement which includes the Registrable Securities is ordered effective
by the SEC, the Company shall deliver, and shall cause legal counsel for the Company to deliver, to the transfer agent for such Registrable
Securities (with copies to the Investor) confirmation that such registration statement has been declared effective by the SEC in the form
attached hereto as Exhibit A. Thereafter, if requested by the Investor at any time, the Company shall require its counsel to deliver
to the Investor a written confirmation 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 current and available
to the Investor for sale of all of the Registrable Securities.

 

m.                 
The Company shall take all other reasonable actions necessary to expedite and facilitate disposition by the Investor of Registrable
Securities pursuant to any registration statement.

 

4.           
OBLIGATIONS OF THE INVESTOR.

 

a.                  
The Company shall notify the Investor in writing of the information the Company reasonably requires from the Investor in connection
with any registration statement hereunder. The Investor shall furnish to the Company such information regarding itself, the Registrable
Securities held by it and the intended method of disposition of the Registrable Securities held by it as shall be reasonably 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.

 

b.                  
The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and
filing of any registration statement hereunder.

 

c.                  
The Investor 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 the first sentence of 3(e), the Investor will immediately discontinue disposition of Registrable Securities
pursuant to any registration statement(s) covering such Registrable Securities until the Investor's receipt of the copies of the supplemented
or amended prospectus contemplated by Section 3(f) or the first sentence of 3(e). Notwithstanding anything to the contrary, the Company
shall cause its transfer agent to promptly deliver shares of Common Stock without any restrictive legend in accordance with the terms
of the Purchase Agreement, Note, and Warrant as applicable in connection with any sale of Registrable Securities with respect to which
an Investor has entered into a contract for sale prior to the Investor'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 Investor has not yet settled.

 

 

 

 

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5.           
EXPENSES OF REGISTRATION.

 

All reasonable expenses,
other than Investor’s legal fees and Investor’s sales or brokerage commissions, 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 Investor, each Person,
if any, who controls the Investor, the members, the directors, officers, partners, employees, agents, representatives of the Investor
and each Person, if any, who controls the Investor within the meaning of the Securities Act or the Securities Exchange Act of 1934, as
amended (the "Exchange Act") (each, an "Indemnified Person"), against any losses, claims, damages,
liabilities, judgments, fines, penalties, charges, costs, attorneys' fees, amounts paid in settlement or expenses, joint or several,
(collectively, "Claims") 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, 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, (iii) any violation or alleged violation by the Company of the Securities
Act, the Exchange 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 or (iv) any
material violation by the Company of this Agreement (the matters in the foregoing clauses (i) through (iv) 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): (i) 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 about
the Investor furnished in writing to the Company by 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 pursuant to Section 3(c) or Section 3(e); (ii) 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 person controlling such 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 Indemnified Person was promptly advised in writing not
to use the incorrect prospectus prior to the use giving rise to a violation and such Indemnified Person, notwithstanding such advice,
used it; (iii) shall not be available to the extent such Claim is based on a failure of the Investor 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 (iv) 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
Investor pursuant to Section 9.

 

 

 

 

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b.                   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; provided, however, that
an Indemnified Person or Indemnified Party 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 fully 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 at all times 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.

 

c.                   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.

 

d.                   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 Securities
Act) shall be entitled to contribution from any seller of Registrable Securities 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.

 

8.           
REPORTS AND DISCLOSURE UNDER THE SECURITIES ACTS.

 

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

 

a.                  
make and keep public information available, as those terms are understood and defined in Rule 144;

 

 

 

 

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b.                  
file with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange
Act so long as the Company remains subject to such requirements and the filing of such reports and other documents is required for the
applicable provisions of Rule 144;

 

c.                  
furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon request, (i) a written statement by
the Company that it has complied with the reporting and or disclosure provisions of Rule 144, the Securities Act and the Exchange Act,
(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents so filed by the Company,
and (iii) such other information as may be reasonably requested to permit the Investor to sell such securities pursuant to Rule 144 without
registration; and

 

d.                   take
such additional action as is requested by the Investor to enable the Investor 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 requested from time to time by the Investor and otherwise fully cooperate with Investor and Investor’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 Investor shall, whether
or not it is pursuing any remedies at law, be entitled to 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 Investor.

 

10.          
AMENDMENT OF REGISTRATION RIGHTS.

 

No provision of this
Agreement may be amended or waived by the parties from and after the date that is one Business Day immediately preceding the initial filing
of the Registration Statement with the SEC. Subject to the immediately preceding sentence, no provision of this Agreement may be (i) amended
other than by a written instrument signed by both parties hereto or (ii) waived other than in a written instrument signed by the party
against whom enforcement of such waiver is sought. Failure of any party to exercise any right or remedy under this Agreement or otherwise,
or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof.

 

11.          
MISCELLANEOUS.

 

a.                  
A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. If the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable
Securities, the Company shall act upon the basis of instructions, notice or election received from the registered owner of such Registrable
Securities.

 

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

 

 

 

 

    	 	8	 

     

    

 

If
to the Company, to:

 

MOBIQUITY TECHNOLOGIES, INC.

35 Torrington Lane

Shoreham, NY 11786

Attention: Dean Julia

e-mail: info@mobiquitytechnologies.com

 

If
to the Investor:

 

BLUE LAKE PARTNERS, LLC

3411 Silverside Road, Tatnal Building #104

Wilmington, DE 19810

e-mail: craig@bluelakepartnersllc.com

 

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 three
(3) Business Days prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice,
consent, waiver or other communication, (B) mechanically or electronically generated by the sender's facsimile machine or email account
containing the time, date, recipient facsimile number or email address, as applicable, and an image of the first page of such transmission
or (C) provided by a nationally recognized overnight delivery service, shall be rebuttable evidence of personal service, receipt by facsimile
or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively.

 

c.                  
The corporate laws of the State of Delaware shall govern all issues concerning this Agreement. All other questions concerning the
construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of Delaware,
without giving effect to any choice of law or conflict of law provision or rule (whether of the State of Delaware or any other jurisdictions)
that would cause the application of the laws of any jurisdictions other than the State of Delaware. Each party hereby irrevocably submits
to the exclusive jurisdiction of the state courts sitting in the Commonwealth of Massachusetts and federal courts sitting in the Commonwealth
of Massachusetts, 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.

 

d.                  
The Agreement, Purchase Agreement, Note, Warrant, and ancillary documentation entered into between the Company and Investor therewith
constitute the entire agreement 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. The Agreement, Purchase Agreement,
Note, Warrant, and ancillary documentation entered into between the Company and Investor therewith supersede all prior agreements and
understandings among the parties hereto with respect to the subject matter hereof and thereof.

 

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

 

 

 

 

    	 	9	 

     

    

 

f.                   
The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

 

g.                  
This Agreement may be executed in identical counterparts, each of which shall be deemed an original but all of which shall constitute
one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by facsimile transmission
or by e-mail in a “.pdf” format data file of a copy of this Agreement bearing the signature of the party so delivering this
Agreement.

 

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 successors and permitted assigns, and is
not for the benefit of, nor may any provision hereof be enforced by, any other Person.

 

 

 

* * * * * *

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	10	 

     

    

 

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

 

THE COMPANY: 

 

MOBIQUITY TECHNOLOGIES, INC.
 

By:   /s/ Dean Julia                                                

Name: DEAN JULIA

Title: CHIEF EXECUTIVE OFFICER

 

 

 

 

INVESTOR:

 

BLUE LAKE PARTNERS, LLC

 

 

By:   /s/ Craig Kesselman                              

Name: CRAIG KESSELMAN

Title: MEMBER

  

 

[Signature Page to registration rights agreement]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

EXHIBIT A 

 

TO REGISTRATION RIGHTS AGREEMENT

 

FORM OF NOTICE OF
EFFECTIVENESS

OF REGISTRATION STATEMENT

______, 2021

 

___________________

___________________

___________________

 

Re: Effectiveness of Registration
Statement

 

Ladies and Gentlemen:

 

We are counsel
to MOBIQUITY TECHNOLOGIES, INC., a New York corporation (the “Company”), and have represented the Company in connection
with that certain Purchase Agreement, dated as of September 20, 2021 (the “Purchase Agreement”), entered into by and
between the Company and Blue Lake Partners, LLC, a Delaware limied liability company (the “Investor”) pursuant to which
the Company has agreed to issue to the Investor shares of common stock of the Company, par value $0.0001 per share, consisting of the
Conversion Shares (as defined in the Purchase Agreement) (the “Conversion Shares”) and Exercise Shares (as defined
in the Purchase Agreement) (the “Exercise Shares”) in accordance with the terms of the Purchase Agreement, Note (as
defined below), and Warrant (as defined below). In connection with the transactions contemplated by the Purchase Agreement, the Company
has registered with the U.S. Securities & Exchange Commission the following shares of Common Stock:

 

		(1)	Conversion Shares issued and/or to be issued to the Investor upon conversion of the Note (as
                                                                 defined in the Purchase Agreement) (the “Note”) in accordance with the Note; and

 

		(2)	__________ Exercise Shares issued and/or to be issued to the Investor upon exercise of the Warrant
                                                                 (as defined in the Purchase Agreement) (the “Warrant”) in accordance with the Warrant.

 

Pursuant
to the Purchase Agreement, the Company also has entered into a Registration Rights Agreement, of even date with the Purchase Agreement
with the Investor (the “Registration Rights Agreement”) pursuant to which the Company agreed, among other things,
to register the Shares and Exercise Shares under the Securities Act of 1933, as amended (the “Securities Act”). In
connection with the Company's obligations under the Purchase Agreement and the Registration Rights Agreement, on [                    ], 2021,
the Company filed a Registration Statement (File No. 333- [                    ]) (the “Registration Statement”) with the Securities
and Exchange Commission (the “SEC”) relating to the resale of the Shares and Exercise Shares.

 

In
connection with the foregoing, we advise you that a member of the SEC's staff has advised us by telephone that the SEC has entered an
order declaring the Registration Statement effective under the Securities Act at [                    ] [A.M./P.M.] on [                    ], 2021 and
we have no knowledge, after telephonic inquiry of a member of the SEC's staff, 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 the Shares and Exercise Shares are
available for resale under the Securities Act pursuant to the Registration Statement and may be issued without any restrictive legend.

 

Very truly yours,

[Company Counsel]

 

By:

cc:    Blue Lake Partners, LLC

 

 

 

 

    	 	12Exhibit 10.5

 

MOBIQUITY TECHNOLOGIES, INC.

 

September 20, 2021

 

Continental Stock Transfer & Trust Company

1 State Street Floor 30

New York. NY 10004

 

Ladies and Gentlemen:

 

Mobiquity Technologies,
Inc., a New York corporation (the "Company”) and Blue Lake Partners, LLC, a Delaware limited liability company (the '"Investor")
have entered into a securities purchase agreement on September 20, 2021 (the “Agreement”), pursuant to which the Company issued
that certain promissory note dated September 20, 2021 in the original principal amount of $562,500.00 (the "Note”) and Warrant
(as defined in the Agreement) (the “Warrant”).

 

You are hereby
irrevocably authorized and instructed to reserve a sufficient number of shares of common stock ("shares") of the Company (initially,
210,937 shares) for issuance upon conversion of the Note and/or exercise of the Warrant in accordance with the terms thereof. The
amount of shares so reserved may be increased, from time to time, only upon the written instructions of the Company.

 

The ability to
convert the Note in a timely manner is a material obligation of the Company pursuant to the Note. The ability to exercise the Warrant
in a timely manner is a material obligation of the Company pursuant to the Warrant. Provided you, Continental Stock Transfer &
Trust Company (the “Transfer Agent”), are acting as transfer agent at the time and provided no single issuance is greater
than 4.99% of the issued and outstanding shares of the Company, your firm is hereby irrevocably authorized and instructed to within two
(2) Trading days issue shares of Common Stock of the Company to the Investor upon your receipt from the Investor (provided, however, that
the Investor must concurrently provide the following items to the Company as well) of: (i) a notice of conversion under the Note (each
a "Conversion Notice") and/or a notice of exercise under the Warrant (each an "Exercise Notice") executed by the Investor,
(ii) an opinion of the Company's counsel or counsel of the Investor, confirming that the shares may be issued upon conversion of the
Note and/or exercise of the Warrant without any transfer restrictions pursuant to an effective resale registration statement or pursuant
to the exemption provided by Rule 144 (or any other available exemption) under the Securities Act of 1933, as amended (the “Securities
Act”), and (iii) copies of all supporting prospectus or supporting documentation (a seller's representation letter and a broker's
representation letter if the shares have been held less than twelve months). Such shares should be issued at the option of the Investor
as specified in the Notice of Conversion either (i) electronically by crediting the account of a Prime Broker with the Depository Trust
Company through its Deposit Withdrawal at Custodian ("DWAC") system provided the Investor causes its broker or bank to initiate
a DWAC deposit or (ii) in certificated form without any restrictive legend which would restrict the transfer of the shares, provided however
that if such shares are not able to be sold pursuant to an effective resale registration statement or pursuant to the exemption provided
by Rule 144 (or any other available exemption) under the Securities Act and you have received an opinion from the Company's or Investor's
counsel that the issuance of the shares is exempt from registration under the Securities Act and when issued the shares will be fully
paid and non-assessable, then the issued certificates for such shares shall bear the following restrictive legend:

 

THE SECUR1TIES REPRESENTED BY
THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR
ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL IN FORM,
SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS. THAT REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT
TO RULE 144 UNDER SAID ACT OR OTHER APPLICABLE EXEMPTION.

 

Except with respect
to issuances pursuant to conversions under the Note and exercises under the Warrant as provided in this instruction letter, the shares
shall remain in the created reserve with the Transfer Agent until counsel to the Investor and an authorized officer of the
Company provides joint written instructions to the Transfer Agent that the shares or any part of them shall be taken out of the reserve
and shall no longer be subject to the terms of these instructions.

 

The Company hereby
authorizes you to disclose to the Investor, after the Investor's request from time to time, the number of shares Authorized, Issued and
Outstanding and the Reserve balance.

 

 

 

 

    	 	1	 

     

    

 

The Company shall
indemnify you and your officers, directors, principals, partners, agents and representatives, and hold each of them harmless from and
against any and all loss, liability, damage, claim or expense (including the reasonable fees and disbursements of its attorneys) incurred
by or asserted against you or any of them arising out of or in connection with the instructions set forth herein. the performance of your
duties hereunder and otherwise in respect hereof, including the costs and expenses of defending yourself or themselves against any claim
or liability including any claim which may be made or asserted by the Company, except that the Company shall not be liable hereunder as
to matters in respect of which it is determined that you have acted with gross negligence or in bad faith. You shall have no liability
to the Company and the Investor in respect of this if such action was taken or omitted to be taken in good faith, and you shall be entitled
to rely in this regard and without liability on the advice of counsel, including counsel selected by you.

 

The Board of Directors
of the Company has approved these irrevocable instructions and does hereby extend the Company's irrevocable agreement to indemnify your
firm for all loss, liability or expense in carrying out the authority and direction herein contained on the terms herein set forth.

 

The Company
agrees that in the event that you resign as the Company's transfer agent, the Company shall engage a suitable replacement transfer agent
that will agree to serve as transfer agent for the Company within five (5) business days. The Company acknowledges that we will have the
right to complete any issuance or conversion request received in good order prior to our resignation. It is also understood that you are
permitted to resign without any stipulated conditions.

 

The Investor is intended
to be and is a beneficiary hereof and no amendment or modification to the instructions set forth herein may be made without the consent
of the Investor.

 

Notwithstanding any
other provision hereof, the Company and the Investor understand that you shall not be required to perform any issuance of the Shares
if (a) such an issuance or transfer of Shares is in violation of any state or federal securities laws or regulations or (b) the issuance
of the Shares is prohibited or stopped as required or directed by a court order from a court of competent jurisdiction. Additionally,
Company and Investor understand that you shall not be required to perform any issuance of the Shares if Company is in default of its
payment obligations under its agreement with you.

 

Very truly yours,

 

MOBIQUITY TECHNOLOGIES, INC.

 

By:   /s/ Dean Julia                                           

Name: DEAN JULIA

Title: CHIEF EXECUTIVE OFFICER

 

 

Acknowledged and Agreed:

 

CONTINENTAL STOCK TRANSFER & TRUST COMPANY

 

By:   /s/ Michael Mullings                               

Name: Michael Mullings

Title: CCO

 

 

Acknowledged and Agreed:

 

BLUE LAKE PARTNERS, LLC

 

By:   /s/ Craig Kesselman                              

Name: CRAIG KESSELMAN

Title: MEMBER

 

 

    	 	2

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