Document:

SUBSCRIPTION ESCROW AGREEMENT

 

Subscription Escrow
Agreement (the “Escrow Agreement”) dated as of the effective date (the “Effective Date”) set forth on Schedule
1 attached hereto (“Schedule 1”) by and among the corporation identified on Schedule 1 (the “Issuer”),
the limited liability company identified on Schedule 1 (the “Depositor”) and CSC Trust Company of Delaware, as escrow
agent hereunder (the “Escrow Agent”).

 

WHEREAS, the
Issuer intends to offer and sell to investors in a private placement offering (the “Offering”) a maximum of 20,000,000
(the “Maximum Amount”) units of its securities (the “Units”), at a purchase price of $0.25 per Unit (the
“Purchase Price”); each Unit consists of (i) one share of the Issuer’s common stock (“Common Stock”),
and (ii) one warrant representing the right to purchase one share of Common Stock, exercisable for a period of five years at an
exercise price of $1.00 per share; and in the event the Offering is oversubscribed, the Issuer may, in its discretion, sell up
to 3,000,000 additional Units (the “Over-Allotment”) at the same purchase price per Unit;

 

WHEREAS, the
Offering is being made on a best efforts 12,000,000 Units ($3,000,000) minimum basis (the “Minimum Amount”) and a 20,000,000
Units ($5,000,000) maximum basis until the Maximum Amount is reached, to “accredited investors” in accordance with
Rule 506 of Regulation D under the Securities Act, as amended (the “Securities Act”), and/or to “non-U.S. Persons”
in accordance with Rule 903 of Regulation S under the Securities Act;

 

WHEREAS, prior
to the Offering, the Issuer has completed a bridge financing which included the sale of an aggregate of $1,925,030 in principal
amount of 10% Secured Convertible Promissory Notes of the Issuer (the “Bridge Notes”);

 

WHEREAS, at
the Initial Closing (as defined below) the principal amount of the Bridge Notes will convert into Units and count towards the achievement
of the Minimum Amount;

 

WHEREAS, Units
will be offered through June 30, 2012 (the “Initial Offering Period”), which period may be extended at
the discretion of the Issuer for up to an additional 30 days and the Depositor (this additional period and the Initial Offering
Period shall be referred to as the “Offering Period”);

 

WHEREAS, the
initial closing of the Offering (the “Initial Closing”) is conditioned on the receipt of acceptable subscriptions by
the Issuer and the satisfaction of other closing conditions (collectively, the “Initial Closing Conditions”);

 

WHEREAS, after
the Initial Closing, the Issuer and the Depositor may mutually agree to continue the Offering until the Maximum Amount, including
the Over-Allotment, has been reached or the end of the Offering Period, whichever is earlier, and subsequent closings (each, a
“Subsequent Closing”) may take place on an intermittent basis, as deemed practical by the Issuer and the Depositor,
conditioned on the receipt of acceptable subscriptions (this requirement for the receipt of acceptable subscriptions, together
with certain other conditions to closing, are collectively referred to as the “Subsequent Closing Conditions”);

 

    	 

    	 

    

 

WHEREAS, the
subscribers in the Offering (the “Subscribers”), in connection with their intent to purchase Units in the Offering,
shall execute and deliver Subscription Agreements and certain related documents memorializing the Subscribers’ agreements
to purchase and the Issuer’s agreement to sell the number of Units set forth therein at the Purchase Price;

 

WHEREAS, the
parties hereto desire to provide for the safekeeping of the Escrow Deposit (as defined below) until such time as the Escrow Deposit
is released by the Escrow Agent in accordance with the terms and conditions of this Agreement; and

 

WHEREAS, the
Escrow Agent has agreed to accept, hold, and disburse the Escrow Deposit deposited with it and the earnings thereon in accordance
with the terms of this Escrow Agreement.

 

NOW
THEREFORE, in consideration of the foregoing and of the mutual covenants hereinafter set forth, the parties hereto agree
as follows:

 

1.          Appointment.  The
Issuer and Depositor hereby appoint the Escrow Agent as their escrow agent for the purposes set forth herein, and the Escrow Agent
hereby accepts such appointment under the terms and conditions set forth herein.

 

2.          Escrow
Fund.  On or before the Initial Closing, or on or before any Subsequent Closing with respect to Units sold after
the Initial Closing, each Subscriber shall have delivered to the Escrow Agent the full Purchase Price for the number of Units subscribed
for by such Subscriber by check sent to the Escrow Agent at its address set forth on Schedule 1 or by wire transfer of immediately
available funds pursuant to the wire transfer instructions set forth on Schedule 2 hereto, to the account of the Escrow Agent referenced
on Schedule 2 hereto. All funds received from the Subscribers in connection with the sale of Units in the Offering shall be deposited
with the Escrow Agent (the “Escrow Deposit”). The Escrow Agent shall hold the Escrow Deposit and, subject to the terms
and conditions hereof, shall invest and reinvest the Escrow Deposit and the proceeds thereof (the “Escrow Fund”) as
directed in Section 3.

 

3.          Investment
of Escrow Fund.  During the term of this Escrow Agreement, the Escrow Fund shall be invested and reinvested by the
Escrow Agent in the investment indicated on Schedule 1 or such other investments as shall be directed in writing by the Issuer
and the Depositor and as shall be acceptable to the Escrow Agent. All investment orders involving U.S. Treasury obligations, commercial
paper and other direct investments may be executed through broker-dealers selected by the Escrow Agent. Periodic statements will
be provided to the Issuer and the Depositor reflecting transactions executed on behalf of the Escrow Fund. The Issuer and the Depositor,
upon written request, will receive a statement of transaction details upon completion of any securities transaction in the Escrow
Fund without any additional cost. The Escrow Agent shall have the right to liquidate any investments held in order to provide funds
necessary to make required payments under this Escrow Agreement. The Escrow Agent shall have no liability for any loss sustained
as a result of any investment in an investment indicated on Schedule 1 or any investment made pursuant to the instructions of the
parties hereto or as a result of any liquidation of any investment prior to its maturity or for the failure of the parties to give
the Escrow Agent instructions to invest or reinvest the Escrow Fund. The Escrow Agent may earn compensation in the form of short-term
interest (“float”) on items like uncashed distribution checks (from the date issued until the date cashed), funds that
the Escrow Agent is directed not to invest, deposits awaiting investment direction or received too late to be invested overnight
in previously directed investments.

 

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4.          Disposition
and Termination.  The Depositor and the Issuer agree to notify the Escrow Agent in writing of any subscription revocations
and the Initial Closing date of the Offering. Additionally, subsequent to an Initial Closing, Depositor and the Issuer agree to
notify the Escrow Agent in writing of Subsequent Closing dates, if any, and of the termination of the Offering. Upon receipt of
such written notification(s), the following procedures will take place:

 

		(i)	Release of Escrow Fund upon Initial Closing. Prior to the Initial Closing, the Issuer and
the Depositor shall deliver to the Escrow Agent joint written instructions executed by a duly authorized executive officer of each
of the Issuer and the Depositor (“Instructions”), which Instructions shall provide the day designated as the Initial
Closing date, and acknowledge and agree that as of the Initial Closing date the Initial Closing Conditions have been or will be
fully satisfied and shall specify the time and payment instructions, including the address and tax identification number of each
payee, of the Escrow Fund, including with respect to placement fees that may be disbursed to the Depositor or to any other placement
agent or selected dealer with respect to the Offering. The Escrow Agent shall, at the time and in accordance with the payment instructions
specified in the Instructions, deliver the Escrow Fund (without interest).

 

		(ii)	Release of Escrow Fund upon a Subsequent Closing. Prior to a Subsequent Closing, the Issuer
and the Depositor shall deliver to the Escrow Agent Instructions, which Instructions shall provide the day designated as the Subsequent
Closing date, and acknowledge and agree that as of the Subsequent Closing date the Subsequent Closing Conditions have been or will
be fully satisfied and shall specify the time and payment instructions, including the address and tax identification number of
each payee, of the Escrow Fund, including with respect to placement fees that may be disbursed to the Depositor or to any other
placement agent or selected dealer. The Escrow Agent shall, at the time and in accordance with the payment instructions specified
in the Instructions, deliver the then Escrow Fund (without interest).

 

		(iii)	Return of Escrow Fund on Termination of Offering. In the event that the Escrow Agent shall
have received written notice executed by a duly authorized executive officer of each of the Issuer and the Depositor indicating
that the Offering has been terminated prior to the Initial Closing and designating a termination date, the Escrow Agent shall return
to each Subscriber, the Purchase Price (without interest and deduction) delivered by such Subscriber to the Escrow Agent. The Issuer
and the Depositor shall provide the Escrow Agent with time and payment instructions, including the address and tax identification
number of each payee, for each Subscriber whose Purchase Price the Escrow Agent is to deliver pursuant to this Section (but in
no case shall the Escrow Agent deliver such Purchase Price more than thirty (30) days following receipt by the Escrow Agent of
such delivery instructions).

 

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		(iv)	Return of Escrow Fund on Rejection of Subscription. In the event the Issuer determines it
is necessary or appropriate to reject the subscription of any Subscriber for whom the Escrow Agent has received an Escrow Deposit,
the Issuer shall deliver written notice of such event to the Escrow Agent and the Depositor which notice shall include the reason
for such rejection and the time and payment instructions, including the address and tax identification number of each payee, for
the return to such Subscriber of the Purchase Price delivered by such Subscriber. The Escrow Agent shall deliver such funds (without
interest and deduction) pursuant to such written notice.

 

		(v)	Return of Escrow Fund on Revocation of Subscription. In the event that the Escrow Agent
shall have received written notice executed by a duly authorized executive officer of each of the Issuer and the Depositor indicating
that any subscription has been revoked prior to the Initial Closing, pursuant to the subscription agreement between the Issuer
and the relevant Subscriber, the Escrow Agent shall return to such revoking Subscriber, the Purchase Price (without interest and
deduction) delivered by such Subscriber to the Escrow Agent. The Issuer and the Depositor shall provide the Escrow Agent with time
and payment instructions, including the address and tax identification number of each payee, for each Subscriber whose Purchase
Price the Escrow Agent is to deliver pursuant to this Section (but in no case shall the Escrow Agent deliver such Purchase Price
more than thirty (30) days following receipt by the Escrow Agent of such delivery instructions).

 

		(vi)	Delivery Pursuant to Court Order. Notwithstanding any provision contained herein, upon receipt
by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction (a “Court
Order”), the Escrow Agent shall deliver the Escrow Fund in accordance with the Court Order. Any Court Order shall be accompanied
by an opinion of counsel for the party presenting the Court Order to the Escrow Agent (which opinion shall be satisfactory to the
Escrow Agent) to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final
and non-appealable.

 

Upon delivery of the Escrow Fund by the
Escrow Agent (i) to the Issuer following the Initial Closing, if there are to be no Subsequent Closings, (ii) following a final
Subsequent Closing, or (iii) to the Subscribers upon termination of the Offering prior to the Initial Closing, as the case may
be, and in each case notice of termination of the Offering having been delivered by the Issuer and the Depositor to the Escrow
Agent, this Escrow Agreement shall terminate, subject to the provisions of Section 8.

 

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5.          Escrow
Agent.  The Escrow Agent undertakes to perform only such duties as are expressly set forth herein and no duties shall
be implied. The Escrow Agent shall have no liability under and no duty to inquire as to the provisions of any agreement other than
this Escrow Agreement. The Escrow Agent may rely upon and shall not be liable for acting or refraining from acting upon any written
notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented
by the proper party or parties. The Escrow Agent shall be under no duty to inquire into or investigate the validity, accuracy or
content of any such document. The Escrow Agent shall have no duty to solicit any payments which may be due it or the Escrow Fund.
The Escrow Agent shall not be liable for any action taken or omitted by it in good faith except to the extent that a court of competent
jurisdiction determines that the Escrow Agent’s gross negligence or willful misconduct was the primary cause of any loss
to the Issuer or Depositor. The Escrow Agent may execute any of its powers and perform any of its duties hereunder directly or
through agents or attorneys (and shall be liable only for the careful selection of any such agent or attorney) and may consult
with counsel, accountants and other skilled persons to be selected and retained by it. The Escrow Agent shall not be liable for
anything done, suffered or omitted in good faith by it in accordance with the advice or opinion of any such counsel, accountants
or other skilled persons. In the event that the Escrow Agent shall be uncertain as to its duties or rights hereunder or shall receive
instructions, claims or demands from any party hereto which, in its opinion, conflict with any of the provisions of this Escrow
Agreement, it shall be entitled to refrain from taking any action and its sole obligation shall be to keep safely all property
held in escrow until it shall be directed otherwise in writing by all of the other parties hereto or by a final order or judgment
of a court of competent jurisdiction. Anything in this Escrow Agreement to the contrary notwithstanding, in no event shall the
Escrow Agent be liable for special, indirect or consequential loss or damage of any kind whatsoever (including but not limited
to lost profits), even if the Escrow Agent has been advised of the likelihood of such loss or damage and regardless of the form
of action.

 

6.          Succession.  The
Escrow Agent may resign and be discharged from its duties or obligations hereunder by giving 10 business days advance notice in
writing of such resignation to the other parties hereto specifying a date when such resignation shall take effect. The Escrow Agent
shall have the right to withhold an amount equal to any amount due and owing to the Escrow Agent, plus any costs and expenses the
Escrow Agent shall reasonably believe may be incurred by the Escrow Agent in connection with the termination of the Escrow Agreement.
Any corporation or association into which the Escrow Agent may be merged or converted or with which it may be consolidated shall
be the Escrow Agent under this Escrow Agreement without further act.

 

7.          Fees.  The
Issuer and the Depositor agree jointly and severally to (i) pay the Escrow Agent upon the Initial Closing and from time to time
thereafter reasonable compensation for the services to be rendered hereunder, which unless otherwise agreed in writing shall be
as described in Schedule 4 attached hereto, and (ii) pay or reimburse the Escrow Agent upon request for all expenses, disbursements
and advances, including reasonable attorney’s fees and expenses, incurred or made by it in connection with the preparation,
execution, performance, delivery, modification and termination of this Escrow Agreement. The Escrow Agent is authorized to deduct
such fees from the Escrow Fund at the time of the Initial Closing without prior authorization from the Issuer or the Depositor.
In the event that the Offering is terminated prior to an Initial Closing, the Issuer and the Depositor agree to pay the Escrow
Agent the Review Fee and the Acceptance Fee as described in Schedule 4 hereto.

 

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8.          Indemnity.  The
Issuer and the Depositor shall jointly and severally indemnify, defend and save harmless the Escrow Agent and its directors, officers,
agents and employees (the “indemnitees”) from all loss, liability or expense (including the reasonable fees and expenses
of in house or outside counsel) arising out of or in connection with (i) the Escrow Agent’s execution and performance of
this Escrow Agreement, except in the case of any indemnitee to the extent that such loss, liability or expense is due to the gross
negligence or willful misconduct of such indemnitee, or (ii) its following any instructions or other directions from the Issuer
or the Depositor, except to the extent that its following any such instruction or direction is expressly forbidden by the terms
hereof. The parties hereto acknowledge that the foregoing indemnities shall survive the resignation or removal of the Escrow Agent
or the termination of this Escrow Agreement.

 

9.          TINs.  The
Issuer and the Depositor each represent that its correct TIN assigned by the Internal Revenue Service or any other taxing authority
is set forth in Schedule 1. All interest or other income earned under the Escrow Agreement, if any, shall be allocated and/or paid
as directed in a joint written direction of the Issuer and the Depositor and reported by the recipient to the Internal Revenue
Service or any other taxing authority. Notwithstanding such written directions, the Escrow Agent shall report and, if required,
withhold any taxes as it determines may be required by any law or regulation in effect at the time of the distribution. In the
absence of timely direction, all proceeds of the Escrow Fund shall be retained in the Escrow Fund and reinvested from time to time
by the Escrow Agent as provided in Section 3. In the event that any earnings remain undistributed at the end of any calendar year,
the Escrow Agent shall report to the Internal Revenue Service or such other authority such earnings as it deems appropriate or
as required by any applicable law or regulation or, to the extent consistent therewith, as directed in writing by the Issuer and
the Depositor. In addition, the Escrow Agent shall withhold any taxes it deems appropriate and shall remit such taxes to the appropriate
authorities.

 

10.         Notices.  All
communications hereunder shall be in writing and shall be deemed to be duly given and received:

 

		(i)	upon delivery if delivered personally or upon confirmed transmittal if by facsimile;

 

		(ii)	on the next Business Day (as hereinafter defined)
if sent by overnight courier; or

 

		(iii)	four (4) Business Days after mailing if mailed by prepaid registered
mail, return receipt requested, to the appropriate notice address set forth on Schedule 1 or at such other address as any party
hereto may have furnished to the other parties in writing by registered mail, return receipt requested.

 

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Notwithstanding the above, in the case
of communications delivered to the Escrow Agent pursuant to (ii) and (iii) of this Section 10, such communications shall be deemed
to have been given on the date received by the Escrow Agent. In the event that the Escrow Agent, in its sole discretion, shall
determine that an emergency exists, the Escrow Agent may use such other means of communication as the Escrow Agent deems appropriate.
“Business Day” shall mean any day other than a Saturday, Sunday
or any other day on which the Escrow Agent located at the notice address set forth on Schedule 1 is authorized or required by law
or executive order to remain closed.

 

11.         Security
Procedures.  In the event funds transfer instructions are given (other than in writing at the time of execution of
this Escrow Agreement), whether in writing, by telecopier or otherwise, the Escrow Agent is authorized to seek confirmation of
such instructions by telephone call-back to the person or persons designated on Schedule 3 hereto, and the Escrow Agent may rely
upon the confirmation of anyone purporting to be the person or persons so designated. The persons and telephone numbers for call-backs
may be changed only in a writing actually received and acknowledged by the Escrow Agent. The Escrow Agent and the beneficiary’s
bank in any funds transfer may rely solely upon any account numbers or similar identifying numbers provided by the Issuer or the
Depositor to identify (i) the beneficiary, (ii) the beneficiary’s bank, or (iii) an intermediary bank. The Escrow Agent may
apply any of the escrowed funds for any payment order it executes using any such identifying number, even where its use may result
in a person other than the beneficiary being paid, or the transfer of funds to a bank other than the beneficiary’s bank or
an intermediary bank designated. The parties to this Escrow Agreement acknowledge that these security procedures are commercially
reasonable.

 

12.         Miscellaneous.  The
provisions of this Escrow Agreement may be waived, altered, amended or supplemented, in whole or in part, only by a writing signed
by all of the parties hereto. Neither this Escrow Agreement nor any right or interest hereunder may be assigned in whole or in
part by any party, except as provided in Section 6, without the prior consent of the other parties, which consent shall not be
unreasonably withheld. This Escrow Agreement shall be governed by and construed under the laws of the State of Delaware. Each party
hereto irrevocably waives any objection on the grounds of venue, forum non-conveniens or any similar grounds and irrevocably consents
to service of process by mail or in any other manner permitted by applicable law and consents to the jurisdiction of the courts
located in the State of Delaware. The parties further hereby waive any right to a trial by jury with respect to any lawsuit or
judicial proceeding arising or relating to this Escrow Agreement. No party to this Escrow Agreement is liable to any other party
for losses due to, or if it is unable to perform its obligations under the terms of this Escrow Agreement because of, acts of God,
fire, floods, strikes, equipment or transmission failure, or other causes reasonably beyond its control. This Escrow Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

 

[Remainder of Page Intentionally Left
Blank]

 

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IN WITNESS WHEREOF,
the parties hereto have executed this Subscription Escrow Agreement as of the date set forth in Schedule 1. 

 

	 	CSC Trust Company of Delaware
	 	as Escrow Agent
	 	 
	 	By:	  /s/ Alan R. Halperin
	 	Name:  Alan R. Halpern
	 	Title:  Vice President
	 	 
	 	ISSUER
	 	 
	 	BOLDFACE Group, Inc.
	 	 
	 	By:	  /s/ Noah Levinson
	 	Name:  Noah Levinson
	 	Title:  President
	 	 
	 	DEPOSITOR
	 	 
	 	Gottbetter Capital Markets, LLC
	 	 
	 	By:	  /s/ Julio Marquez
	 	Name:  Julio Marquez
	 	Title:  President

 

    	 

    	 

    

 

AMENDMENT NO. 1 TO

 

SUBSCRIPTION ESCROW AGREEMENT

 

This Amendment No.
1 to Subscription Escrow Agreement (the “Amendment”) is made as of June 28, 2012, by and among the Issuer, Depositor
and Escrow Agent. This Amendment amends the Subscription Escrow Agreement by and among the Issuer, Depositor and Escrow Agent,
dated as of June 1, 2012 (the “Agreement”). Capitalized terms used and not otherwise defined herein have the respective
meanings ascribed to them in the Agreement.

 

The second recital
of the Agreement is hereby amended to read in its entirety as follows:

 

WHEREAS, the Offering is being
made on a best effort basis, and will consist of a minimum of Two Million Dollars ($2,000,000 USD) through the sale of Eight Million
(8,000,000) PPO Units and a maximum of Five Million Dollars ($5,000,000 USD) through the sale of Twenty Million (20,000,000) PPO
Units, to “accredited investors” in accordance with Rule 506 of Regulation D under the Securities Act of 1933, as amended
(the “Securities Act”), and/or to “non-U.S. Persons” in accordance with Rule 903 of Regulation S under
the Securities Act.

 

This Amendment is hereby
made part of and incorporated into the Subscription Escrow Agreement, with all the terms and conditions of the Agreement remaining
in full force and effect. The Parties agree for and on behalf of their respective party this 28th day of June, 2012.

 

This Amendment may
be executed in multiple counterparts, each of which may be executed by less than all of the parties and shall be deemed to be an
original instrument which shall be enforceable against the parties actually executing such counterparts and all of which together
shall constitute one and the same instrument. The exchange of copies of this Amendment and of signature pages by facsimile transmission
or in pdf format shall constitute effective execution and delivery of this Amendment as to the parties and may be used in lieu
of the original Amendment for all purposes. Signatures of the parties transmitted by facsimile or in pdf format shall be deemed
to be their original signatures for all purposes.

 

[Signature Page Follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment as of the date first set forth above. 

 

	 	CSC Trust Company of Delaware
	 	as Escrow Agent
	 	 
	 	By:	  /s/ Alan R. Halperin
	 	Name:  Alan R. Halpern
	 	Title:  Vice President
	 	 
	 	ISSUER
	 	 
	 	BOLDFACE Group, Inc.
	 	 
	 	By:	  /s/ Noah Levinson
	 	Name:  Noah Levinson
	 	Title:  President
	 	 
	 	DEPOSITOR
	 	 
	 	Gottbetter Capital Markets, LLC
	 	 
	 	By:	  /s/ Julio Marquez
	 	Name:  Julio Marquez
	 	Title:  PresidentPLACEMENT AGENCY AGREEMENT

 

May 2, 2012

 

Gottbetter Capital Markets, LLC

Mr. Julio A. Marquez, President

488 Madison Avenue

12th Floor

New York, New York 10022

 

Re:      MAX CASH MEDIA, INC.

 

Dear Mr. Marquez:

 

This Placement Agency
Agreement (“Agreement”) sets forth the terms upon which Gottbetter Capital Markets, LLC, a registered broker-dealer
and member of the Financial Industry Regulatory Authority (“FINRA”), (hereinafter referred to as the “Placement
Agent” or “Markets”), shall be engaged by Max Cash Media, Inc., a publicly traded Nevada corporation, (hereinafter
referred to as the “Company”), to act as exclusive Placement Agent in connection with the private placement (the “Bridge
Note Offering”) of its secured convertible promissory notes (“Bridge Notes”). The Company intends to enter into
a reverse triangular merger and acquire the existing business of Boldface Licensing + Branding (“BL”), a Nevada corporation,
and continue BL’s existing operations as a wholly owned subsidiary of the Company (the “Merger”).

 

The Bridge Note Offering
will be made by the Placement Agent and its selected dealers and consist of a minimum of One Million Five Hundred Thousand United
States Dollars ($1,500,000 USD) (“Minimum Bridge Amount”) with a maximum of Two Million United States Dollars ($2,000,000
USD) (“Maximum Bridge Amount”) principal amount of Bridge Notes. Upon notice to subscribers, the Maximum Bridge Amount
Offering may be increased. The offering price is par (100%).

 

The Bridge Notes will
be an obligation of the Company that will have a term of six (6) months (“Maturity”), will bear interest at a rate
of ten percent (10%) per annum, which interest shall be accrued and payable at Maturity; provided, that if the Bridge Notes are
converted as described below, accrued interest will be forgiven. Upon the simultaneous closing of the Merger and the Minimum PPO
(as defined below), the principal amount of the Bridge Notes shall be converted into (i) five (5) year warrants of the Company
(the “Conversion Warrants”) to purchase a number of shares of the Company’s common stock, $0.001 par value per
share (the “Common Stock”) as is equal to the number of PPO Units (as defined below) of the Company into which the
Bridge Notes are convertible pursuant to (ii) immediately below, Fifty Percent (50%) of which Conversion Warrants shall have an
exercise price of Twenty Five Cents ($0.25) per share and Fifty Percent (50%) of which Conversion Warrants shall have an exercise
price of Fifty Cents ($0.50) per share; and (ii) PPO Units of the Company (“Conversion PPO Units”) at a price of Twenty
Five Cents ($0.25) per unit, each unit consisting of one (1) share of Common Stock and one (1) redeemable five (5) year warrant
(the “Unit Conversion Warrants”) to purchase one (1) additional share of Common Stock at a price of One Dollar ($1.00)
per share. The Conversion Warrants and the securities comprising the Conversion PPO Units shall have “weighted average”
anti-dilution protection, subject to customary exceptions.

 

    	 

    	 

    

 

Following the Bridge
Note Offering, the Placement Agent and its selected dealers will conduct a private placement offering (“PPO Offering”)
of units of the Company, with each unit consisting of one (1) share of the Company’s Common Stock and a redeemable warrant
to purchase one (1) share of Common Stock at an exercise price of One Dollar ($1.00) per full share for five (5) years (the “PPO
Investor Warrants”). The Offering Price for the units will be Twenty Five Cents ($0.25) (“PPO Offering Price”)
per unit with each PPO unit (the “PPO Units’) being identical to the Conversion PPO Units. The Offering will consist
of a minimum of Three Million Dollars ($3,000,000 USD) through the sale of Twelve Million (12,000,000) PPO Units (the “Minimum
PPO”) and a maximum of Five Million Dollars ($5,000,000 USD) through the sale of Twenty Million (20,000,000) PPO Units (the
“Maximum PPO Amount”). In the event the Offering is oversubscribed, the Company may sell up to an additional Seven
Hundred Fifty Thousand Dollars ($750,000 USD) through the sale of Three Million (3,000,000) PPO Units, (the “Over-allotment
Option”). The aggregate principal amount of the Bridge Notes so converted shall be included in the gross proceeds of the
PPO Offering for purposes of meeting the Minimum PPO. The shares underlying the PPO Units and the PPO Investor Warrants shall have
“weighted average” anti-dilution protection, subject to customary exceptions.

 

The minimum subscription
amount for the Bridge Note Offering and the PPO Offering is Twenty Five Thousand United States Dollars ($25,000 USD); provided,
however, that subscriptions in lesser amounts may be accepted upon the written consent of the Company and the Placement Agent.
The Placement Agent shall accept subscriptions only from (i) persons or entities who qualify as “accredited investors,”
as such term is defined in Rule 501 of Regulation D (“Regulation D”) as promulgated by the United States Securities
and Exchange Commission (the “SEC”) under Section 4(2) of the Securities Act of 1933, as amended (the “Act”)
and (ii) persons or entities who are offered and purchase the Bridge Notes or PPO Units in an Offshore Transaction (as such term
is defined in Regulation S (“Regulation S”) as promulgated by the SEC under the Act) and who are not U.S. Persons (as
such term is defined in Regulation S) and are not acting for the account or benefit of a person in the United States or a U.S.
Person.

 

Upon the simultaneous
Closing of the Merger and the Minimum PPO, the outstanding principal amount of the Bridge Notes will be converted into PPO Units
of the Company at a conversion price per PPO Unit equal to the PPO Offering Price.

 

The Bridge Note Offering
will be offered until the earlier of the time that all the Bridge Notes are sold or until May 31, 2012, (“Initial Bridge
Note Offering Period”) which date may be extended by written agreement by the Company and the Placement Agent up to June
29, 2012 (this additional period and the Initial Bridge Note Offering Period shall be referred to as the “Bridge Note Offering
Period”). The date on which the Bridge Note Offering is terminated shall be referred to as the “Bridge Note Termination
Date”.

 

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The PPO Units will
be offered until the earlier of the time that all PPO Units offered in the PPO Offering are sold or until July 31, 2012 (“Initial
PPO Offering Period”), which date may be extended by written agreement by the Company and the Placement Agent (this additional
period and the Initial PPO Offering Period shall be referred to as the “PPO Offering Period”). The date on which the
PPO Offering is terminated shall be referred to as the “PPO Termination Date.”

 

The conversion of the
Bridge Notes into PPO Units being sold in the PPO Offering will count towards the achievement of the Minimum PPO

 

With respect to the
Bridge Note Offering or the PPO Offering, the Company shall provide the Placement Agent, on terms set forth herein, the right to
offer and sell all of the available Bridge Notes and PPO Units being offered during the respective Offering Periods. It is understood
that no sale shall be regarded as effective unless and until accepted by the Company. The Company may, in its sole discretion,
accept or reject, in whole or in part, any prospective investment in the Bridge Notes or PPO Units or allot to any prospective
subscriber less than the number of Bridge Notes or PPO Units that such subscriber desires to purchase. Purchases of the Bridge
Notes or PPO Units may be made by the Placement Agent and its officers, directors, employees and affiliates and by the officers,
directors, employees and affiliates of the Company for the Bridge Note Offering or PPO Offering.

 

The Bridge Note Offering
will be made by the Company pursuant to the Securities Purchase Agreement and the Exhibits to the Securities Purchase Agreement,
including, but not limited to, the Escrow Agreement, Note, Company Security Agreement, Bridge Loan Agreement, Pledge Agreement,
Security Agreement, and any documents, agreements, supplements and additions thereto (“Bridge Note Subscription Documents”),
which at all times will be in form and substance reasonably acceptable to the Company and the Placement Agent and their respective
counsel and contain such legends and other information as the Company and the Placement Agent and their respective counsel, may,
from time to time, deem necessary and desirable to be set forth therein.  

 

The PPO Offering will
be made by the Company pursuant to offering documents and the exhibits thereto and any documents, agreements, supplements and additions
thereto (“PPO Subscription Documents”) which at all times will be in form and substance reasonably acceptable to the
Company and the Placement Agent and their respective counsel and contain such legends and other information as the Company and
the Placement Agent and their respective counsel, may, from time to time, deem necessary and desirable to be set forth herein.

 

    	3

    	 

    

 

1.          Appointment
of Placement Agent. On the basis of the written and documented representations and warranties of the Company provided herein,
and subject to the terms and conditions set forth herein, the Placement Agent is appointed as exclusive Placement Agent of the
Company during the respective Offering Periods to assist the Company in finding qualified subscribers for the Bridge Notes and
PPO Units. The Placement Agent may sell the Bridge Notes or PPO Units through other broker-dealers who are FINRA members and may
reallow all or a portion of the Brokers’ Fees (as defined in Sections 3(a) and (b) below) it receives to such other broker-dealers
or pay a finders or consultant fee as allowed by applicable law. On the basis of such representations and warranties and subject
to such terms and conditions, the Placement Agent hereby accepts such appointment and agrees to perform its services hereunder
diligently and in good faith and in a professional and businesslike manner and in compliance with applicable law and to use its
best efforts to assist the Company in (A) finding subscribers of the Bridge Notes or PPO Units who either (i) qualify as “accredited
investors,” as such term is defined in Rule 501 of Regulation D, or (ii) are offered and purchase the Bridge Notes or PPO
Units outside the United States in an Offshore Transaction (as such term is defined in Regulation S) and who are not U.S. Persons
(as such term is defined in Regulation S) and are not acting for the account or benefit of a person in the United States or a U.S.
Person and (B) completing the Bridge Note Offering or PPO Offering. The Placement Agent has no obligation to purchase any of the
Bridge Notes or PPO Units. Unless sooner terminated in accordance with this Agreement, the engagement of the Placement Agent hereunder
shall continue until the later of the Bridge Note Termination Date, the Final Bridge Closing, PPO Termination Date or Final PPO
Closing (as defined in Section 4 below).

 

2.          Representations,
Warranties and Covenants.

 

A.         Representations,
Warranties and Covenants of the Company. The representations and warranties of the Company contained in this Section 2A are
true and correct as of the date of execution of this Agreement by the Company and the Company covenants as follows, as applicable.

 

(a) The Bridge Note
Subscription Documents and the PPO Offering Subscription Documents have been and/or will be prepared by the Company, in conformity
with all applicable laws, and in compliance with Regulation D, Regulation S and/or Section 4(2) of the Act and the requirements
of all other rules and regulations (the “Regulations”) of the SEC relating to offerings of the type contemplated by
the Bridge Note Offering or PPO Offering, and the applicable securities laws and the rules and regulations of those jurisdictions
wherein the Placement Agent notifies the Company that the Bridge Notes or PPO Units are to be offered and sold excluding any foreign
jurisdictions. The Bridge Notes or PPO Units will be offered and sold pursuant to the registration exemption provided by Regulation
D, Regulation S and/or Section 4(2) of the Act as a transaction not involving a public offering and the requirements of any other
applicable state securities laws and the respective rules and regulations thereunder in those United States jurisdictions in which
the Placement Agent notifies the Company that the Bridge Notes or PPO Units are being offered for sale. None of the Company, its
affiliates, or any person acting on its or their behalf (other than the Placement Agent, its affiliates or any person acting on
its behalf, in respect of which no representation is made) has taken nor will it take any action that conflicts with the conditions
and requirements of, or that would make unavailable with respect to the Bridge Note Offering or PPO Offering, the exemption(s)
from registration available pursuant to Rule 506 of Regulation D, Rule 903 of Regulation S and/or Section 4(2) of the Act, or knows
of any reason why any such exemption would be otherwise unavailable to it (including, without limitation, any Directed Selling
Efforts (as such term is defined in Regulation S)). None of the Company, its predecessors or affiliates has been subject to any
order, judgment or decree of any court of competent jurisdiction temporarily, preliminarily or permanently enjoining such person
for failing to comply with Section 503 of Regulation D. The Company has not, for a period of six months prior to the commencement
of the offering of the Bridge Notes or PPO Units, sold, offered for sale or solicited any offer to buy any of its securities in
a manner that would be integrated with the offer and sale of the Bridge Notes or PPO Units pursuant to this Agreement, would cause
the exemption from registration set forth in Rule 506 of Regulation D to become unavailable with respect to the offer and sale
of the Bridge Notes or PPO Units pursuant to this Agreement in the United States or to, by or for the benefit or account of, U.S.
Persons, or would cause the exclusion from registration provided by Rule 903 of Regulation S to become unavailable for offers and
sales of the Bridge Notes or PPO Units pursuant to this Agreement outside the United States to non-U.S. Persons.

 

    	4

    	 

    

 

(b) As to the Company,
the Bridge Note Subscription Documents and the PPO Subscription Documents will not and do not include any untrue statement of a
material fact or omit to state any 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: provided, however, the foregoing does not apply to any statements
or omissions made solely in reliance on and in conformity with written information furnished to the Company by the Placement Agent
specifically for use in the preparation thereof. To the knowledge of the Company, none of the statements, documents, certificates
or other items made, prepared or supplied by the Company with respect to the transactions contemplated hereby contains an untrue
statement of a material fact or omits to state a material fact necessary to make the statements contained therein not misleading
in light of the circumstances in which they were made. There is no fact which the Company has not disclosed in or will not disclose
in the Bridge Note Subscription Documents, PPO Subscription Documents or which is not disclosed in the US Securities and Exchange
Commission (“SEC”) filings (the “SEC Filings”) that the Company makes with the SEC and of which the Company
is aware that materially adversely affects or that could reasonably be expected to have a material adverse effect on the (i) assets,
liabilities, results of operations, condition (financial or otherwise), business or business prospects of the Company or (ii) ability
of the Company to perform its obligations under this Agreement (“Company Material Adverse Effect”). Notwithstanding
anything to the contrary herein, the Company makes no representation or warranty with respect to any estimates, projections and
other forecasts and plans (including the reasonableness of the assumptions underlying such estimates, projections and other forecasts
and plans) that may have been delivered to the Placement Agent or its representatives, except that such estimates, projections
and other forecasts and plans have been prepared in good faith on the basis of assumptions stated therein, which assumptions were
believed to be reasonable at the time of such preparation.

 

(c) The Company is
a corporation duly organized, validly existing and in good standing under the laws of the State of Nevada and is qualified and
in good standing as a foreign corporation in each jurisdiction in which the nature of the business conducted by the Company or
the property owned or leased by the Company requires such qualification. The Company has all requisite corporate power and authority
to conduct its business as presently conducted and as proposed to be conducted (as described in the Bridge Note Subscription Documents
and/or the SEC Filings), has all the necessary and requisite documents and approvals from all state authorities, has all requisite
corporate power and authority to enter into and perform its obligations under this Agreement, the Agreements substantially in the
form made part of the Bridge Note Subscription Documents and the Exhibits thereto(this Agreement, Bridge Note Subscription
Agreement and Exhibits and the other agreements contemplated hereby that the Company is required to execute and deliver are collectively
referred to herein as the “Company Bridge Note Transaction Documents”) and subject to necessary Board and stockholder
approvals, to issue, sell and deliver the Bridge Notes , the shares of Common Stock underlying the Conversion Warrants and Unit
Conversion Warrants (the “Conversion Warrant Shares” and the “Unit Conversion Warrant Shares”) and to make
the representations in this Agreement accurate and not misleading. Prior to the Bridge First Closing, as defined herein in Paragraph
4(e) below, each of the Company Bridge Note Transaction Documents will have been duly authorized. This Agreement has been duly
authorized, executed and delivered and constitutes, and each of the other Company Bridge Note Transaction Documents, upon due execution
and delivery, will constitute, valid and binding obligations of the Company, enforceable against the Company in accordance with
their respective terms (i) except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect related to laws affecting creditors’ rights generally, including the effect
of statutory and other laws regarding fraudulent conveyances and preferential transfers, and except that no representation is made
herein regarding the enforceability of the Company’s obligations to provide indemnification and contribution remedies under
the securities laws and (ii) subject to the limitations imposed by general equitable principles (regardless of whether such enforceability
is considered in a proceeding at law or in equity).

 

    	5

    	 

    

 

(d) The Company has
all requisite corporate power and authority to conduct its business as presently conducted and as proposed to be conducted (as
described in the Bridge Note Transaction Documents and/or the SEC Filings), has all the necessary and requisite documents and approvals
from all state authorities, has all requisite corporate power and authority to enter into and perform its obligations under this
Agreement, and will have the authority to enter into any Agreements that will be made part of any subsequent offering documents
and the exhibits thereto (this Agreement, Bridge Note Transaction Documents, and subsequent offering documents and exhibits
and the other agreements contemplated hereby that the Company is required to execute and deliver are collectively referred to herein
as the “Company PPO Transaction Documents”) and subject to necessary Board and stockholder approvals, to issue,
sell and deliver the PPO Units, the shares of Common Stock underlying the PPO Units, and the shares of Common Stock issuable upon
exercise of the Warrants (the “Investor Warrant Shares”) and to make the representations in this Agreement accurate
and not misleading. Prior to the PPO First Closing, as defined herein in Paragraph 4(f) below, each of the Company PPO Transaction
Documents will have been duly authorized. This Agreement has been duly authorized, executed and delivered and constitutes, and
each of the other Company PPO Transaction Documents, upon due execution and delivery, will constitute, valid and binding obligations
of the Company, enforceable against the Company in accordance with their respective terms (i) except as enforceability may be limited
by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect related to laws
affecting creditors’ rights generally, including the effect of statutory and other laws regarding fraudulent conveyances
and preferential transfers, and except that no representation is made herein regarding the enforceability of the Company’s
obligations to provide indemnification and contribution remedies under the securities laws and (ii) subject to the limitations
imposed by general equitable principles (regardless of whether such enforceability is considered in a proceeding at law or in equity).

 

    	6

    	 

    

 

(e) None of the execution
and delivery of or performance by the Company under this Agreement or any of the other Company Bridge Note Transaction Documents,
PPO Transaction Documents, subsequent offering documents or the consummation of the transactions herein or therein contemplated
conflicts with or violates, or will result in the creation or imposition of, any lien, charge or other encumbrance upon any of
the assets of the Company under any agreement or other instrument to which the Company is a party or by which the Company or its
assets may be bound, or any term of the certificate of incorporation or by-laws of the Company, or any license, permit, judgment,
decree, order, statute, rule or regulation applicable to the Company or any of its assets, except in the case of a conflict, violation,
lien, charge or other encumbrance (except with respect to the Company’s certificate of incorporation or by-laws) which would
not, or could not reasonably be expected to, have a Company Material Adverse Effect on either the Bridge Note Offering or the PPO
Offering.

 

(f) The Company’s
financial statements, together with the related notes, if any, included in the Company’s SEC Filings, present fairly, in
all material respects, the financial position of the Company as of the dates specified and the results of operations for the periods
covered thereby. Such financial statements and related notes were prepared in accordance with United States generally accepted
accounting principles applied on a consistent basis throughout the periods indicated, except that the unaudited financial statements
omit full notes, and except for normal year-end adjustments. During the period of engagement of the Company’s independent
certified public accountants, there have been no disagreements between the accounting firm and the Company on any matters of accounting
principles or practices, financial statement disclosure or auditing scope or procedures. The Company has made and kept books and
records and accounts which are in reasonable detail and which fairly and accurately reflect the activities of the Company in all
material respects, subject only to year-end adjustments. Except as set forth in such financial statements or otherwise disclosed
in the Bridge Note Subscription Documents, the Company’s senior management is not aware of any material liabilities of any
kind, whether accrued, absolute or contingent, or otherwise, and subsequent to the date of the Bridge Note Subscription Documents
and prior to the date of the Bridge Note First Closing it shall not enter into any material transactions or commitments other than
those contemplated by the Bridge Note Subscription Documents without promptly thereafter notifying the Placement Agent in writing
of any such material transaction or commitment. The other financial and statistical information with respect to the Company and
any pro forma information and related notes included in the SEC Filings or disclosed in any offering documents present fairly the
information shown therein on a basis consistent with the financial statements of the Company included in the SEC Filings. Except
as disclosed in the Bridge Note Subscription Documents or will be disclosed in the PPO Subscription Documents, the Company does
not know of any facts, circumstances or conditions which could materially adversely affect its operations, earnings or prospects
that have not been fully disclosed in the financial statements appearing in the SEC Filings.

 

    	7

    	 

    

 

(g) As of the date
of the Merger, the Company will have authorized the shares of Common Stock underlying (i) the Bridge Notes, including the Common
Stock underlying and/or comprising part of the Conversion Warrants and the Conversion PPO Units, and (ii) the PPO Units, including
the shares of Common Stock underlying the PPO Investor Warrants and have outstanding capital stock as set forth in the Bridge Note
Subscription Documents. All outstanding shares of capital stock of the Company are duly authorized, validly issued and outstanding,
fully paid and nonassessable (with no personal liability attaching to the holders thereof or to the Company). No holder of any
of the shares of Common Stock underlying the Bridge Notes, PPO Units, PPO Investor Warrants, Conversion Warrants and the Unit Conversion
Warrants will be subject to personal liability solely by reason of being such a holder. Except as described in either the Bridge
Note Subscription Documents or subsequent offering documents or the Company’s SEC Filings, as of the date of the PPO First
Closing: (i) there will be no outstanding options, stock subscription agreements, warrants or other rights permitting or requiring
the Company or others to purchase or acquire any shares of capital stock or other equity securities of the Company or to pay any
dividend or make any other distribution in respect thereof; (ii) there will be no securities issued or outstanding which are convertible
into or exchangeable for any of the foregoing and there are no contracts, commitments or understandings, whether or not in writing,
to issue or grant any such option, warrant, right or convertible or exchangeable security; (iii) no shares of stock or other securities
of the Company are reserved for issuance for any purpose; (iv) there will be no voting trusts or other contracts, commitments,
understandings, arrangements or restrictions of any kind with respect to the ownership, voting or transfer of shares of stock or
other securities of the Company, including, without limitation, any preemptive rights, rights of first refusal, proxies or similar
rights, and (v) no person prior to the execution of this Agreement by the Company holds a right to require the Company to register
any securities of the Company under the Act or to participate in any such registration. Immediately prior to the PPO First Closing,
the issued and outstanding shares of capital stock of the Company will conform in all material respects to all statements in relation
thereto contained in the Company’s SEC Filings and the Company’s SEC Filings describe all material terms and conditions
thereof. All issuances by the Company of its securities have been issued pursuant to either a current effective registration statement
under the 1933 Act or an exemption from registration requirements under the Act, and were issued in accordance with any applicable
Federal and state securities laws.

 

(h) Except as described
in or will be described in the Bridge Note Subscription Documents, PPO Subscription Documents and/or the Company’s SEC Filings,
the Company has no subsidiaries and does not own any equity interest and has not made any loans or advances to or guarantees of
indebtedness to any person, corporation, partnership or other entity. The conduct of business by the Company as presently and proposed
to be conducted is not subject to continuing oversight, supervision, regulation or examination by any governmental official or
body of the United States, or any other jurisdiction wherein the Company conducts or proposes to conduct such business, except
as described in the Company’s SEC Filings and except as such regulation is applicable to US public companies and commercial
enterprises generally. The Company has obtained all material licenses, permits and other governmental authorizations necessary
to conduct its business as presently conducted. The Company has not received any notice of any violation of, or noncompliance with,
any federal, state, local or foreign laws, ordinances, regulations and orders (including, without limitation, those relating to
environmental protection, occupational safety and health, securities laws, equal employment opportunity, consumer protection, credit
reporting, “truth-in-lending”, and warranties and trade practices) applicable to its business, the violation of, or
noncompliance with, would have a Company Material Adverse Effect, and the Company knows of no facts or set of circumstances which
could give rise to such a notice.

 

    	8

    	 

    

 

(i) Except as described
in or will be described in the Bridge Note Subscription Documents, PPO Subscription Documents and/or the Company’s SEC Filings,
no default by the Company or, to the knowledge of the Company, any other party, exists in the due performance under any material
agreement to which the Company is a party or to which any of its assets is subject (collectively, the “Company Agreements”).
The Company Agreements, if any, disclosed in or to be described in the Bridge Note Subscription Documents, PPO Subscription Documents
and/or the Company’s SEC Filings are the only material agreements to which the Company is bound or by which its assets are
subject, are accurately described in or will be described in the Bridge Note Subscription Documents, PPO Subscription Documents,
and/or the Company’s SEC Filings and are in full force and effect in accordance with their respective terms, subject to any
applicable bankruptcy, insolvency or other laws affecting the rights of creditors generally and to general equitable principles
and the availability of specific performance.

 

(j) Subsequent to the
date as of which information is given in the Company’s recent periodic report SEC Filing, the Company has operated its business
in the ordinary course and, except as may otherwise be set forth in the Bridge Note Subscription Documents, there has been no:
(i) Company Material Adverse Effect; (ii) material transaction otherwise than in the ordinary course of business consistent
with past practice; (iii) issuance of any securities (debt or equity) or any rights to acquire any such securities other than
pursuant to equity incentive plans approved by its Board of Directors; (iv) damage, loss or destruction, whether or not covered
by insurance, with respect to any material asset or property of the Company; or (v) agreement to permit any of the foregoing.

 

(k) Except as set forth
in the Bridge Note Subscription Documents, and/or the Company’s SEC Filings, there are no actions, suits, claims, hearings
or proceedings pending before any court or governmental authority or, to the knowledge of the Company, threatened, against the
Company, or involving its assets or any of its officers or directors (in their capacity as such) which, if determined adversely
to the Company or such officer or director, could reasonably be expected to have a Company Material Adverse Effect or adversely
affect the transactions contemplated by this Agreement or the enforceability hereof.

 

(l) Except as set forth
in the Bridge Note Subscription Documents, and/or the Company’s SEC Filings, the Company is not: (i) in violation of its
Certificate of Incorporation or By-laws; (ii) in default of any contract, indenture, mortgage, deed of trust, note, loan agreement,
security agreement, lease, alliance agreement, joint venture agreement or other agreement, license, permit, consent, approval or
instrument to which the Company is a party or by which it is or may be bound or to which any of its assets may be subject, the
default of which could reasonably be expected to have a Company Material Adverse Effect; (iii) in violation of any statute, rule
or regulation applicable to the Company, the violation of which would have a Company Material Adverse Effect; or (iv) in violation
of any judgment, decree or order of any court or governmental body having jurisdiction over the Company and specifically naming
the Company, which violation or violations individually, or in the aggregate, could reasonably be expected to have a Company Material
Adverse Effect.

 

    	9

    	 

    

 

(m) Except as disclosed
in the Bridge Note Subscription Documents, and/or the Company’s SEC Filings, as of the date of this Agreement, no current
or former stockholder, director, officer or employee of the Company, nor, to the knowledge of the Company, any affiliate of any
such person is presently, directly or indirectly through his/her affiliation with any other person or entity, a party to any loan
from the Company or any other transaction (other than as an employee) with the Company providing for the furnishing of services
by, or rental of any personal property from, or otherwise requiring cash payments to any such person.

 

(n) The Company is
not obligated to pay, and has not obligated the Placement Agent to pay, a finder’s or origination fee in connection with
the Bridge Note Offering or PPO Offering (other than to the Placement Agent), and hereby agrees to indemnify the Placement Agent
from any such claim made by any other person as more fully set forth in Section 8 hereof. The Company has not offered for sale
or solicited offers to purchase the Bridge Notes or PPO Units except for negotiations with the designated Placement Agent(s). Except
as set forth in the Bridge Note Subscription Documents, no other person has any right to participate in any offer, sale or distribution
of the Company’s securities to which the Placement Agent’s rights, described herein, shall apply.

 

(o) Until the earlier
of (i) the Termination Date of the Bridge Note Offering or (ii) the Final Closing of the Bridge Note Offering (as hereinafter defined),
the Company will not issue any press release, grant any interview, or otherwise communicate with the media in any manner whatsoever
with respect to the Bridge Note Offering without the Placement Agent’s prior written consent, which consent will not unreasonably
be withheld or delayed.

 

(p)) Until the earlier
of (i) the Termination Date of the PPO Offering or (ii) the Final Closing of the PPO Offering (as hereinafter defined), the Company
will not issue any press release, grant any interview, or otherwise communicate with the media in any manner whatsoever with respect
to the PPO Offering without the Placement Agent’s prior written consent, which consent will not unreasonably be withheld
or delayed.

 

(q) No representation
or warranty contained in Section 2A of this Agreement contains any untrue statement of a material fact or omits to state a material
fact necessary to make the statements herein not misleading in the context of such representations and warranties. The Placement
Agent shall be entitled to rely on such representations and warranties.

 

(r) No consent, authorization
or filing of or with any court or governmental authority is required in connection with the issuance or the consummation of the
transactions contemplated herein or in the other Company Bridge Note Transaction Documents or Company PPO Transaction Documents,
except for required filings with the SEC and the applicable state securities commissions relating specifically to the Bridge Note
Offering or PPO Offering (all of which filings will be duly made by, or on behalf of, the Company), and those which are required
to be made after the Bridge Note First Closing or after the PPO First Closing (all of which will be duly made on a timely basis).

 

(s) The Company acknowledges
that Adam S. Gottbetter is the owner of Gottbetter Capital Group, Inc., Gottbetter & Partners,
LLP and Gottbetter Capital Markets, LLC.  Gottbetter Capital Group owns shares of the Company.  Gottbetter
& Partners, LLP is counsel to the company and has represented the company in the proposed transaction for which it will
receive legal fees in accordance with an executed retainer agreement.  Gottbetter Capital Markets, LLC is a placement
agent for the private placement offering in the proposed transaction for which it may receive placement agent fees in accordance
with an executed placement agent agreement.

 

    	10

    	 

    

 

(t) Neither the sale
of the Bridge Notes or PPO Units by the Company nor its use of the proceeds thereof will violate the Trading with the Enemy Act,
as amended, nor any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter
V, as amended) or any enabling legislation or executive order relating thereto. Without limiting the foregoing, the Company is
not (a) a person whose property or interests in property are blocked pursuant to Section 1 of Executive Order 13224 of September
23, 2001 Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten to Commit, or Support Terrorism (66 Fed.
Reg. 49079 (2001)) or (b) a person who engages in any dealings or transactions, or be otherwise associated, with any such person.
The Company and its subsidiaries, if any, are in compliance, in all material respects, with the USA Patriot Act of 2001 (signed
into law October 26, 2001).

 

2B.           Representations,
Warranties and Covenants of Placement Agent. The Placement Agent hereby represents and warrants to the Company that the following
representations and warranties are true and correct as of the date of this Agreement:

 

(a) The Placement Agent
is a limited liability company duly organized, validly existing and in good standing under the laws of the State of New York and
has all requisite corporate power and authority to enter into this Agreement and to carry out and perform its obligations under
the terms of this Agreement.

 

(b) This Agreement
has been duly authorized, executed and delivered by the Placement Agent, and upon due execution and delivery by the Company, this
Agreement will be a valid and binding agreement of the Placement Agent enforceable against it in accordance with its terms, except
as may be limited by principles of public policy and, as to enforceability, subject to applicable bankruptcy, insolvency, reorganization,
moratorium and similar laws relating to or affecting creditor’s rights from time to time in effect and subject to general
equity principles.

 

(c) The Placement Agent
is a member of FINRA and is registered as a broker-dealer under the Exchange Act (as defined below), and under the securities acts
of each state into which it is making offers or sales of the Bridge Notes or PPO Units. None of the Placement Agent or its affiliates,
or any person acting on behalf of the foregoing (other than the Company, its or their affiliates or any person acting on its or
their behalf, in respect of which no representation is made) has taken nor will it take any action that conflicts with the conditions
and requirements of, or that would make unavailable with respect to the Bridge Note Offering or Offering, the exemption(s) from
registration available pursuant to Rule 506 of Regulation D, Rule 903 of Regulation S or Section 4(2) of the Act, or knows of any
reason why any such exemption would be otherwise unavailable to it. The Placement Agent will conduct the Bridge Note Offering and
Offering in compliance with all applicable securities laws.

 

(d) None of the Placement
Agent or its affiliates, or any person acting on behalf of the foregoing, has engaged or will engage in any Directed Selling Efforts
(as such term is defined in Regulation S).

 

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(e) Any offer or solicitation
of an offer to buy the Bridge Notes or PPO Units made by the Placement Agent or its affiliates, or any person acting on behalf
of the foregoing, in reliance on Rule 903 of Regulation S and in reliance upon similar exemptions from registration available under
applicable state securities laws, will be made outside of the United States exclusively to persons or entities that are, and will
be at the time of the delivery of the Bridge Notes or PPO Units, not a U.S. Person (as such term is defined in Regulation S) and
were, and are at the time of the delivery of the Bridge Notes or PPO Units, not acting for the account or benefit of a person in
the United States or a U.S. Person.

 

(f) Adam S. Gottbetter
is the owner of Gottbetter Capital Group, Inc., Gottbetter & Partners, LLP and Gottbetter Capital Markets, LLC. 
Gottbetter Capital Group owns shares of the Company.  Gottbetter & Partners, LLP is counsel to the company
and has represented the company in the proposed transaction for which it will receive legal fees in accordance with an executed retainer
agreement.  Gottbetter Capital Markets, LLC is a placement agent for the private placement offering in the proposed transaction
for which it may receive placement agent fees in accordance with an executed placement agent agreement.

 

3.          Placement
Agent Compensation.

 

(a) In connection with
the Bridge Note Offering and as a condition to Closing, the Company will pay a cash fee (the “Broker Bridge Cash Fee”)
to the Placement Agent at each Closing equal to Four Percent (4%) of the gross proceeds from the sale of the Bridge Notes sold
to investor(s) introduced to the Company at such Closing. In addition, provided the Merger has been effected, simultaneously upon
the closing of the Minimum PPO, the Company will pay an additional Broker Bridge Cash Fee to the Placement Agent equal to Four
Percent (4%) of the gross proceeds from the sale of the Bridge Notes sold to investors introduced to the Company at such closing.
In addition, the Company will issue to the Placement Agent warrants to purchase such number of shares of the Company Common Stock
equal to Eight Percent (8%) of the number of shares of the Company Common Stock into which the Bridge Notes sold to investors are
converted, for a period of five (5) years with an exercise price of Twenty Five Cents ($0.25) per share (“Broker Bridge Warrants”).

 

(b) In connection with
the PPO Offering and as a condition to Closing, the Company will pay a cash fee (the “PPO Broker Cash Fee”) to the
Placement Agent at each Closing equal to Eight Percent (8%) of the gross proceeds of the PPO Units consummated at each such Closing.
Additionally, the Company will deliver to the Placement Agent warrants exercisable for a period of five (5) years from the Closing
Date, to purchase a number of shares of Common Stock equaling Eight Percent (8%) of the number of PPO Units sold with an exercise
price per share of Twenty Five Cents ($0.25) per share (“PPO Broker Warrants) (“Broker Bridge Cash Fee”,
“Broker Bridge Warrants”, “PPO Broker Cash Fee” and “PPO Broker Warrants” are sometimes referred
to collectively as “Brokers’ Fees”).

 

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(c) The Company shall
also pay to the Placement Agent the Broker’s Fee in Sections 3(a) and 3(b) above if any person or entity contacted by the
Placement Agent or its agents in connection with the Bridge Note Offering or PPO Offering invests in the Company at any time prior
to the date that is twelve (12) months after the Bridge Note Termination Date or the Bridge Note Final Closing or PPO Termination
Date or PPO Final Closing, whichever is applicable, regardless of whether such Post-Closing Investor purchased the Bridge Notes
or PPO Units in the respective offering.

 

(d) Each of the Broker’s
Bridge Cash Fee, Broker Bridge Warrants, PPO Broker Cash Fee and PPO Broker Warrants shall not exceed Eight Percent (8%).

 

(e) To the extent there
is more than one Closing, payment of the proportional amount of the Brokers’ Fees will be made out of the proceeds of subscriptions
for the Bridge Notes or PPO Units sold at each Closing.

 

4.          Subscription
and Closing Procedures.

 

(a) The Company shall
cause to be delivered to the Placement Agent copies of the Bridge Note Subscription Documents, the PPO Subscription Documents and
has consented, and hereby consents, to the use of such copies for the purposes permitted by the Act and applicable securities laws
and in accordance with the terms and conditions of this Agreement, and hereby authorizes the Placement Agent and its agents and
employees to use the Bridge Note Subscription Documents in connection with the sale of the Bridge Notes and to use the PPO Subscription
Documents in connection with the sale of the PPO Units until the earlier of (i) the Termination Date of either the Bridge Note
Offering or the PPO Offering as defined herein or (ii) the Final Closing of the Bridge Note Offering or the PPO Offering as defined
herein, and no person or entity is or will be authorized to give any information or make any representations other than those contained
in the Bridge Note Subscription Documents, PPO Subscription Documents or to use any offering materials other than those contained
in the Bridge Note Subscription Documents or PPO Subscription Documents in connection with the sale of the Bridge Notes or PPO
Units, unless the Company first provides the Placement Agent with notification of such information, representations or offering
materials.

 

(b) The Company shall
make available to the Placement Agent and its representatives such information, including, but not limited to, financial information,
and other information regarding the Company (the “Information”), as may be reasonably requested in making a reasonable
investigation of the Company and its affairs. The Company shall provide access to the officers, directors, employees, independent
accountants, legal counsel and other advisors and consultants of the Company as shall be reasonably requested by the Placement
Agent. The Company recognizes and agrees that the Placement Agent (i) will use and rely primarily on the Information and generally
available information from recognized public sources in performing the services contemplated by this Agreement without independently
verifying the Information or such other information, (ii) does not assume responsibility for the accuracy of the Information or
such other information, and (iii) will not make an appraisal of any assets or liabilities owned or controlled by the Company or
its market competitors.

 

(c) Each prospective
purchaser will be required to complete and execute the applicable Bridge Note Subscription Documents, PPO Subscription Documents,
Anti-Money Laundering Form and other documents (the “Subscription Documents”) which will be forwarded or delivered
to the Placement Agent at the Placement Agent’s offices at the address set forth in Section 12 hereof.

 

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(d) Simultaneously
with the delivery to the Placement Agent of the Bridge Note Subscription Documents, the subscriber’s check or other good
funds will be forwarded directly by the subscriber to the escrow agent and deposited into a non interest bearing escrow account
(the “Bridge Note Escrow Account”) established for the Bridge Note Offering(the “Escrow Agent”). Simultaneously
with the delivery to the Placement Agent of the PPO Subscription Documents, the subscriber’s check or other good funds will
be forwarded directly by the subscriber to the Escrow Agent and deposited into a non interest bearing escrow account (the “PPO
Offering Escrow Account”). All such funds for subscriptions will be held in the respective Escrow Account pursuant to the
terms of separate escrow agreements for the Bridge Note Offering and the PPO Offering among the Company, the Placement Agent and
the Escrow Agent. The Company will pay all fees related to the establishment and maintenance of the separate Escrow Accounts.
Subject to the receipt of subscriptions for the amount for Closing for either the Bridge Note Offering or the PPO Offering, the
Company will either accept or reject, for any or no reason, the Subscription Documents in a timely fashion and at each Closing
will countersign the Subscription Documents and provide duplicate copies of such documents to the Placement Agent for distribution
to the subscribers. The acceptance of any Subscription Documents will be subject to the reasonable approval of the Company. The
Company will give notice to the Placement Agent of its acceptance of each subscription. The Company, or the Placement Agent on
the Company’s behalf, will promptly return to subscribers incomplete, improperly completed, improperly executed and rejected
subscriptions and give written notice thereof to the Placement Agent upon such return.

 

(e) If subscriptions
for at least the Minimum Bridge Amount for Closing have been accepted prior to the Bridge Termination Date, the funds therefor
have been collected by the Escrow Agent and all of the conditions set forth elsewhere in this Agreement are fulfilled, a closing
shall be held promptly with respect to the Bridge Notes sold (the “Bridge First Closing”). Thereafter, the remaining
Bridge Notes will continue to be offered and sold until the Termination Date. Additional closings (“Closings”) may
from time to time be conducted at times mutually agreed to between the Placement Agent and the Company with respect to additional
Bridge Notes sold, with the final closing (“Final Bridge Closing”) to occur within 10 days after the earlier of the
Bridge Termination Date and the date on which the Maximum Bridge Amount has been subscribed for. Delivery of payment for the accepted
subscriptions for Bridge Notes from the funds held in the Bridge Note Escrow Account will be made at each Closing at the Placement
Agent’s offices against delivery of the Bridge Notes by the Company at the address set forth in Section 12 hereof (or
at such other place as may be mutually agreed upon between the Company and the Placement Agent), net of amounts due to the Placement
Agent and its Blue Sky counsel as of such Closing. Executed certificates for the Bridge Notes and shares of Common Stock and Conversion
Warrants constituting the Bridge Notes and the Brokers Bridge Warrants will be in such authorized denominations and registered
in such names as the Placement Agent may request on or before the date of each Closing (“Closing Date”). The certificates
will be forwarded to the subscriber directly by the transfer agent or the Company’s designated agent at each Closing. The
Company will issue the certificates for the Common Stock, Conversion Warrants and Brokers Bridge Warrants within twenty (20) days
of each Closing.

 

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(f) If the PPO Offering
has closed and subscriptions for at least the Minimum PPO Amount for Closing have been accepted prior to the PPO Termination Date,
the funds therefor have been collected by the Escrow Agent and all of the conditions set forth elsewhere in this Agreement are
fulfilled, a closing shall be held promptly with respect to the PPO Units sold (the “PPO First Closing”). Thereafter,
the remaining PPO Units will continue to be offered and sold until the PPO Termination Date. Additional closings (“Closings”)
may from time to time be conducted at times mutually agreed to between the Placement Agent and the Company with respect to additional
PPO Units sold, with the final closing (“Final PPO Closing”) to occur within 10 days after the earlier of the PPO Termination
Date and the date on which the Maximum PPO Amount has been subscribed for. Delivery of payment for the accepted subscriptions for
PPO Units from the funds held in the PPO Escrow Account will be made at each Closing at the Placement Agent’s offices against
delivery of the PPO Units by the Company at the address set forth in Section 12 hereof (or at such other place as may be mutually
agreed upon between the Company and the Placement Agent), net of amounts due to the Placement Agent and its Blue Sky counsel as
of such Closing. Executed certificates for the shares of Common Stock, PPO Investor Warrants, PPO Conversion Warrants and the PPO
Brokers Warrants will be in such authorized denominations and registered in such names as the Placement Agent may request on or
before the date of each Closing (“Closing Date”). The certificates will be forwarded to the subscriber directly by
the transfer agent or the Company’s designated agent at each Closing. The Company will issue the certificates for the Common
Stock, PPO Investor Warrants, PPO Conversion Warrants and Brokers PPO Warrants within twenty (20) days of each Closing.

 

g) If the Bridge Note
Subscription Documents for the Minimum Bridge Amount for Closing have not been received and accepted by the Company on or before
the Bridge Termination Date for any reason, the Bridge Notes Offering will be terminated, no Bridge Notes will be sold, and the
Escrow Agent will, at the request of the Placement Agent, cause all monies received from subscribers for the Bridge Notes to be
promptly returned to such subscribers without interest, penalty, expense or deduction.

 

(g) If the PPO Subscription
Documents for the Minimum PPO Amount for Closing have not been received and accepted by the Company on or before the PPO Termination
Date for any reason, the PPO Offering will be terminated, no PPO Units will be sold, and the Escrow Agent will, at the request
of the Placement Agent, cause all monies received from subscribers for the PPO Units to be promptly returned to such subscribers
without interest, penalty, expense or deduction.

 

5.          Further
Covenants.

 

The Company hereby
covenants and agrees that:

 

(a) Except upon prior
written notice to the Placement Agent, the Company shall not, at any time prior to the Final Bridge Closing or the Final PPO Closing,
knowingly take any action which would cause any of the representations and warranties made by it in this Agreement not to be complete
and correct in all material respects on and as of each Closing Date with the same force and effect as if such representations and
warranties had been made on and as of each such date (except to the extent any representation or warranty relates to an earlier
date).

 

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(b) If, at any time
prior to the Final Bridge Closing or the Final PPO Closing, any event shall occur that causes a Company Material Adverse Effect
which as a result it becomes necessary to amend or supplement the Bridge Note Subscription Documents or the PPO Subscription Documents
so that the representations and warranties herein remain true and correct in all material respects, or in case it shall be necessary
to amend or supplement the Bridge Note Subscription Documents or PPO Subscription Documents to comply with Regulation D or any
other applicable securities laws or regulations, the Company will promptly notify the Placement Agent and shall, at its sole cost,
prepare and furnish to the Placement Agent copies of appropriate amendments and/or supplements in such quantities as the Placement
Agent may reasonably request. The Company will not at any time before the Final Bridge Closing or Final PPO Closing prepare or
use any amendment or supplement to the Bridge Note Subscription Documents or PPO Subscription Documents of which the Placement
Agent will not previously have been advised and furnished with a copy, or which is not in compliance in all material respects with
the Act and other applicable securities laws. As soon as the Company is advised thereof, the Company will advise the Placement
Agent and its counsel, and confirm the advice in writing, of any order preventing or suspending the use of the Bridge Note Subscription
Documents or PPO Subscription Documents, or the suspension of any exemption for such qualification or registration thereof for
offering in any jurisdiction, or of the institution or threatened institution of any proceedings for any of such purposes, and
the Company will use their best efforts to prevent the issuance of any such order and, if issued, to obtain as soon as reasonably
possible the lifting thereof.

 

(c) The Company shall
comply with the Act, the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations
thereunder, all applicable state securities laws and the rules and regulations thereunder in the states in which Placement Agent’s
Blue Sky counsel has advised the Placement Agent and/or the Company that the Bridge Notes or PPO Units are qualified or registered
for sale or exempt from such qualification or registration, so as to permit the continuance of the sales of the Bridge Notes or
PPO Units, and will file or cause to be filed with the SEC, and shall promptly thereafter forward or cause to be forwarded to the
Placement Agent, any and all reports on Form D as are required. The Company will pay the attorney’s fee and out of pocket
expenses related to the filings for registrations of sale or exemption from such qualifications with any state securities commissions
and any other regulatory agencies. Such fees will be paid at the time of invoicing, or at the time of Closing, if known, and if
not yet invoiced, funds will remain in escrow to cover the estimated invoice.

 

(d) The Company shall
use best efforts to qualify the Bridge Notes or PPO Units for sale under the securities laws of such jurisdictions in the United
States as may be mutually agreed to by the Company and the Placement Agent, and the Company will make or cause to be made such
applications and furnish information as may be required for such purposes, provided that the Company will not be required to qualify
as a foreign corporation in any jurisdiction or execute a general consent to service of process. The Company will, from time to
time, prepare and file such statements and reports as are or may be required to continue such qualifications in effect for so long
a period as the Placement Agent may reasonably request with respect to the Bridge Note Offering or PPO Offering.

 

    	16

    	 

    

 

(e) The Company shall
place a legend on the certificates representing the Shares and the Warrants that the securities evidenced thereby have not been
registered under the Act or applicable state securities laws, setting forth or referring to the applicable restrictions on transferability
and sale of such securities under the Act and applicable state laws.

 

(f) The Company shall
apply the net proceeds from the sale of the Bridge Notes or PPO Units for the purposes substantially as described or to be described
under the “Use of Proceeds” section of the Bridge Note Subscription Documents or PPO Subscription Documents. Except
as set forth in the Bridge Note Subscription Documents or PPO Subscription Documents, the Company shall not use any of the net
proceeds of the Bridge Note Offering or PPO Offering to repay indebtedness to officers (other than accrued salaries incurred in
the ordinary course of business), directors or stockholders of the Company without the prior written consent of the Placement Agent.

 

(g) During the respective
Offering Periods, the Company shall afford each prospective purchaser of the Bridge Notes or PPO Units the opportunity to ask questions
of and receive answers from an officer of the Company concerning the terms and conditions of the respective Offering and the opportunity
to obtain such other additional information necessary to verify the accuracy of the Bridge Note Subscription Documents or PPO Subscription
Documents to the extent the Company possesses such information or can acquire it without unreasonable expense.

 

(h) Except with the
prior written consent of the Placement Agent, the Company shall not, at any time prior to the earlier of the Final Bridge Closing,
Bridge Termination Date, the Final PPO Closing or PPO Termination Date, except as contemplated by the Bridge Note Subscription
Documents or PPO Subscription Documents (i) engage in or commit to engage in any transaction outside the ordinary course of business
as described in or to be described in the Bridge Note Subscription Documents or PPO Subscription Documents, (ii) issue, agree to
issue or set aside for issuance any securities (debt or equity) or any rights to acquire any such securities, (iii) incur, outside
the ordinary course of business, any material indebtedness, (iv) dispose of any material assets, (v) make any material acquisition
or (vi) change its business or operations in any material respect.

 

(i) The Company shall
pay all reasonable expenses incurred in connection with the preparation and printing of all necessary offering documents and instruments
related to the Bridge Note Offering and PPO Offering and the issuance of the Shares and the Warrants and will also pay for the
Company’s expenses for accounting fees, legal fees, printing costs, and other costs involved with the Bridge Note Offering
and PPO Offering. The Company will provide at its own expense such quantities of the Bridge Subscription Documents, PPO Subscription
Documents and other documents and instruments relating to the Bridge Note Offering or PPO Offering as the Placement Agent may reasonably
request. The Company will pay at its own expense in connection with the creation, authorization, issuance, transfer and delivery
of the Bridge Notes or PPO Units, including, without limitation, fees and expenses of any transfer agent or registrar; the fees
and expenses of the Escrow Agent; all fees and expenses of legal, accounting and other advisers to the Company; the registration
or qualification of the Bridge Notes or PPO Units for offer and sale under the securities or Blue Sky laws of such jurisdictions,
payable within five (5) days of being invoiced; and at the First Bridge Closing, or, at the First PPO Closing if there is no Bridge
Closing or no PPO Closing, within ten (10) days after written request therefore following the Bridge Termination Date or PPO Termination
Date, legal fees of $25,000 and expenses of the Placement Agent’s counsel, without the prior written approval of the Company
and provided that such limitation shall in no way affect the obligations of the Company with respect to indemnification and contribution
as set forth in Sections 8 and 9 herein.

 

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(j) Effective with
the First Closing of the PPO Offering, Placement Agent shall have a right of first negotiation (“Right of Negotiation”)
to act as lead placement agent on any subsequent private placement of the Company’s securities for a period of one (1) year
from such effectiveness.

 

6.          Conditions
of Placement Agent’s Obligations.

 

The obligations of
the Placement Agent hereunder to affect a Closing are subject to the fulfillment, at or before each Closing, of the following additional
conditions:

 

(a) Each of the representations
and warranties made by the Company qualified as to materiality shall be true and correct on each Closing Date for the Bridge Note
Offering or the PPO Offering, except to the extent any such representation or warranty expressly speaks as of an earlier date,
in which case such representation or warranty shall be true and correct as of such earlier date, and the representations and warranties
made by the Company not qualified as to materiality shall be true and correct in all material respects on each Closing Date, except
to the extent any such representation or warranty expressly speaks as of an earlier date, in which case such representation or
warranty shall be true and correct in all material respects as of such earlier date.

 

(b) The Company shall
have performed and complied in all material respects with all agreements, covenants and conditions required to be performed and
complied with by it at or before the Bridge Note Closing or PPO Closing as provided herein.

 

(c) The Bridge Note
Subscription Documents or the PPO Subscription Documents do not, and as of the date of any amendment or supplement thereto will
not, include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements
therein, in light of the circumstances under which they were made, not misleading.

 

(d) No order suspending
the use of the Bridge Note Subscription Documents, or enjoining the Bridge Note Offering or the sale of the Bridge Notes and no
order suspending the use of the PPO subscription Documents or enjoining the PPO Offering or sale of the PPO Units shall have been
issued, and no proceedings for that purpose or a similar purpose shall have been initiated or pending, or, to the best of the Company’s
knowledge, be contemplated or threatened.

 

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(e) The Placement Agent
shall have received a certificate of the Chief Executive Officer of the Company, dated as of the respective Closing Dates, certifying,
as to the fulfillment of the conditions set forth in subparagraphs (a), (b), (c) and (d) above.

 

(f) The Company shall
have delivered to the Placement Agent: (i) a good standing certificate dated as of a date within 10 days prior to the respective
Closing Dates from the secretary of state of its jurisdiction of incorporation and (ii) resolutions of the Company’s Board
of Directors approving this Agreement and the transactions and agreements contemplated by this Agreement, and the Bridge Subscription
Documents or PPO Subscription Documents, all as certified by the Chief Executive Officer of the Company.

 

(g) At each respective
Closing, the Company shall pay and/or issue to the Placement Agent the Brokers’ Fees earned in such Closing.

 

(h) All proceedings
taken at or prior to the respective Closing in connection with the authorization, issuance and sale of the Shares and the Warrants
will be reasonably satisfactory in form and substance to the Placement Agent and its counsel, and such counsel shall have been
furnished with all such documents, certificates and opinions as it may reasonably request upon reasonable prior notice in connection
with the transactions contemplated hereby.

 

7.          Conditions
of the Company’s Obligations.

 

The obligations of
the Company hereunder are subject to the satisfaction of each of the following conditions:

 

		a.	The satisfaction or waiver of all conditions to closing
as set forth herein.

		b.	As of each respective Closing, each of the representations
and warranties made by Placement Agent herein being true and correct as of the respective Closing Date for such Closing.

		c.	At each respective Closing, the Company shall have received
the proceeds from the sale of the Bridge Notes or PPO Units that are part of such Closing less applicable Broker Fees.

 

7A. Mutual Condition.
The obligations of the Placement Agent and the Company hereunder are subject to the execution by each investor of a Bridge Subscription
Agreement or PPO Subscription Agreement in form and substance acceptable to the Placement Agent and the Company and deposit by
such investor with the escrow agent of all funds required to be so deposited by such investor.

 

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8.          Indemnification.

 

(a) The Company will:
(i) indemnify and hold harmless the Placement Agent, its agents and their respective officers, directors, employees, selected dealers
and each person, if any, who controls the Placement Agent within the meaning of the Act and such agents (each an “Indemnitee”
or a “Placement Agent Party”) against, and pay or reimburse each Indemnitee for, any and all losses, claims, damages,
liabilities or expenses whatsoever (or actions or proceedings or investigations in respect thereof), severally (which will, for
all purposes of this Agreement, include, but not be limited to, all reasonable costs of defense and investigation and all reasonable
attorneys’ fees, including appeals), to which any Indemnitee may become subject (a) under the Act or otherwise, in connection
with the offer and sale of the Bridge Notes or PPO Units and (b) as a result of the breach of any representation, warranty or covenant
made by the Company herein, regardless of whether such losses, claims, damages, liabilities or expenses shall result from any claim
by any Indemnitee or by any third party; and (ii) reimburse each Indemnitee for any legal or other expenses reasonably incurred
in connection with investigating or defending against any such loss, claim, action, proceeding or investigation; provided, however,
the Company will not be liable in any such case to the extent that any such claim, damage or liability is finally judicially determined
to have resulted from (A) an untrue statement or alleged untrue statement of a material fact made in the Bridge Subscription Documents,
PPO Subscription Documents or an omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, made solely in reliance upon and in conformity with written information
furnished to the Company by the Placement Agent specifically for use in the Bridge Subscription Documents or PPO Subscription Documents
or (B) any violations by the Placement Agent of the Act or state securities laws which does not result from a violation thereof
by the Company or any of their respective affiliates or (C) due to the intentional or negligent misrepresentation and / or malfeasance
of the Placement Agent. In addition to the foregoing agreement to indemnify and reimburse, the Company will indemnify and hold
harmless each Indemnitee against any and all losses, claims, damages, liabilities or expenses whatsoever (or actions or proceedings
or investigations in respect thereof), joint or several (which shall, for all purposes of this Agreement, include, but not be limited
to, all reasonable costs of defense and investigation and all reasonable attorneys’ fees, including appeals) to which any
Indemnitee may become subject insofar as such costs, expenses, losses, claims, damages or liabilities arise out of or are based
upon the claim of any person or entity that he or it is entitled to broker’s or finder’s fees from any Indemnitee in
connection with the Bridge Note Offering or PPO Offering as a result of the Company obligating itself or any Indemnitee to pay
such a fee, other than fees due to the Placement Agent, its dealers, sub-agents or finders. The foregoing indemnity agreements
will be in addition to any liability the Company may otherwise have.

 

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(b) The Placement Agent
will indemnify and hold harmless the Company, its subsidiaries, and their respective officers, directors, and each person, if any,
who controls such entity within the meaning of the Act (collectively, the “Company Indemnitees”) against, and pay or
reimburse any such person for, any and all losses, claims, damages, liabilities or expenses whatsoever (or actions, proceedings
or investigations in respect thereof) to which the Company or any such person may become subject under the Act or otherwise, whether
such losses, claims, damages, liabilities or expenses shall result from any claim of the Company or any such person who controls
the Company within the meaning of the Act or by any third party, but only to the extent that such losses, claims, damages or liabilities
are based upon any violations by the Placement Agent of the Act or state securities laws which does not result from a violation
thereof by the Company or any of their respective affiliates, any untrue statement or alleged untrue statement of any material
fact contained in the Bridge Subscription Documents or PPO Subscription Documents made in reliance upon and in conformity with
information contained in the Bridge Subscription Documents or PPO Subscription Documents relating to the Placement Agent, or an
omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, in either case, if made or omitted in reliance upon and in conformity with written information furnished
to the Company by the Placement Agent, specifically for use in the preparation thereof or due to the intentional or negligent misrepresentation
and / or malfeasance of the Placement Agent. The Placement Agent will reimburse the Company or any such person for any legal or
other expenses reasonably incurred in connection with investigating or defending against any such loss, claim, damage, liability
or action, proceeding or investigation to which such indemnity obligation applies. In addition to the foregoing agreement to indemnify
and reimburse, the Placement Agent will indemnify and hold harmless each Company Indemnitee against any and all losses, claims,
damages, liabilities or expenses whatsoever (or actions or proceedings or investigations in respect thereof), joint or several
(which shall, for all purposes of this Agreement, include, but not be limited to, all reasonable costs of defense and investigation
and all reasonable attorneys’ fees, including appeals) to which any Company Indemnitee may become subject insofar as such
costs, expenses, losses, claims, damages or liabilities arise out of or are based upon the claim of any person or entity that he
or it is entitled to broker’s or finder’s fees from any Company Indemnitee in connection with the Bridge Note Offering
or PPO Offering as a result of the Placement Agent obligating itself or any Company Indemnitee to pay such a fee. The foregoing
indemnity agreements are in addition to any liability which the Placement Agent may otherwise have.

 

(c) Promptly after
receipt by an indemnified party under this Section 8 of notice of the commencement of any action, claim, proceeding or investigation
(the “Action”), such indemnified party, if a claim in respect thereof is to be made against the indemnifying party
under this Section 8, will notify the indemnifying party of the commencement thereof, but the omission to so notify the indemnifying
party will not relieve it from any liability that it may have to any indemnified party under this Section 8 unless the indemnifying
party has been substantially prejudiced by such omission. The indemnifying party will be entitled to participate in and, to the
extent that it may wish, jointly with any other indemnifying party, to assume the defense thereof subject to the provisions herein
stated, with counsel reasonably satisfactory to such indemnified party. The indemnified party will have the right to employ separate
counsel in any such Action and to participate in the defense thereof, but the fees and expenses of such counsel will not be at
the expense of the indemnifying party if the indemnifying party has assumed the defense of the Action with counsel reasonably satisfactory
to the indemnified party, provided, however, that if the indemnified party shall be requested by the indemnifying party to participate
in the defense thereof or shall have concluded in good faith and specifically notified the indemnifying party either that there
may be specific defenses available to it that are different from or additional to those available to the indemnifying party or
that such Action involves or could have a material adverse effect upon it with respect to matters beyond the scope of the indemnity
agreements contained in this Agreement, then the counsel representing it, to the extent made necessary by such defenses, shall
have the right to direct such defenses of such Action on its behalf and in such case the reasonable fees and expenses of such counsel
in connection with any such participation or defenses shall be paid by the indemnifying party. No settlement of any Action against
an indemnified party will be made without the consent of the indemnifying party and the indemnified party, which consent shall
not be unreasonably withheld or delayed in light of all factors of importance to such party, and no indemnifying party shall be
liable to indemnify any person for any settlement of any such claim effected without such indemnifying party’s consent.

 

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9.          Contribution.

 

To provide for just
and equitable contribution, if: (i) an indemnified party makes a claim for indemnification pursuant to Section 8 hereof and it
is finally determined, by a judgment, order or decree not subject to further appeal that such claims for indemnification may not
be enforced, even though this Agreement expressly provides for indemnification in such case; or (ii) any indemnified or indemnifying
party seeks contribution under the Act, the Exchange Act, or otherwise, then each indemnifying party shall contribute to such amount
paid or payable by such indemnified party in such proportion as is appropriate to reflect not only such relative benefits but also
the relative fault of the Company on the one hand and the Placement Agent on the other in connection with the statements or omissions
which resulted in such losses, claims, damages, liabilities or expenses (or actions in respect thereof), as well as any other relevant
equitable considerations. The relative benefits received by the Company on the one hand and the Placement Agent on the other shall
be deemed to be in the same proportion as the total net proceeds from the Bridge Note Offering or PPO Offering (before deducting
expenses) received by the Company bear to the total Brokers’ Fees received by the Placement Agent. The relative fault, in
the case of an untrue statement, alleged untrue statement, omission or alleged omission will be determined by, among other things,
whether such statement, alleged statement, omission or alleged omission relates to information supplied by the Company or by the
Placement Agent, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such statement, alleged statement, omission or alleged omission. The Company and the Placement Agent agree that it would be unjust
and inequitable if the respective obligations of the Company and the Placement Agent for contribution were determined by pro rata
allocation of the aggregate losses, liabilities, claims, damages and expenses or by any other method or allocation that does not
reflect the equitable considerations referred to in this Section 9. No person guilty of a fraudulent misrepresentation (within
the meaning of Section 10(f) of the Act) will be entitled to contribution from any person who is not guilty of such fraudulent
misrepresentation. For purposes of this Section 9, each person, if any, who controls the Placement Agent within the meaning of
the Act will have the same rights to contribution as the Placement Agent, and each person, if any, who controls the Company within
the meaning of the Act will have the same rights to contribution as the Company, subject in each case to the provisions of this
Section 9. Anything in this Section 9 to the contrary notwithstanding, no party will be liable for contribution with respect to
the settlement of any claim or action effected without its written consent. This Section 9 is intended to supersede, to the extent
permitted by law, any right to contribution under the Act, the Exchange Act or otherwise available.

 

10.         Termination.

 

(a) The Bridge Note
Offering or PPO Offering may be terminated by the Placement Agent at any time prior to the expiration of the respective Offering
Period in the event that: (i) any of the representations, warranties or covenants of the Company contained herein or in the Bridge
Subscription Documents or PPO Subscription Documents shall prove to have been false or misleading in any material respect when
actually made; (ii) the Company shall have failed to perform any of its material obligations hereunder or under any other Company
Bridge Transaction Document, Company PPO Transaction Document or any other transaction document; (iii) there shall occur any event,
within the control of the Company that is reasonably likely to materially and adversely affect the transactions contemplated hereunder
or the ability of the Company to perform hereunder; or (iv) the Placement Agent determines that it is reasonably likely that any
of the conditions to any Closing to be fulfilled by the Company set forth herein will not, or cannot, be satisfied.

 

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(b) The Bridge Note
Offering or PPO Offering may be terminated by the Company at any time prior to the expiration of the respective Offering Period
(i) in the event that the Placement Agent shall have failed to perform any of its material obligations hereunder, or (ii) on account
of the Placement Agent’s fraud, illegal or willful misconduct or gross negligence or (iii) a material breach of this Agreement
by the Placement Agent. In the event of any such termination by the Company, the Placement Agent shall not be entitled to any amounts
whatsoever except (i) as may be due under any indemnity or contribution obligation provided herein or in any other Company Bridge
Transaction Document or Company PPO Transaction Document, at law or otherwise and (ii) it shall retain any Brokers’ Fees
received for Closings that occurred prior to the applicable Termination Date.

 

(c) This Bridge Note
Offering or PPO Offering may be terminated upon mutual agreement of the Company and the Placement Agent at any time prior to the
expiration of the respective Offering Periods.

 

(d) Before any termination
by the Placement Agent under Section 10(a) or by the Company under Section 10(b) shall become effective, the terminating party
shall give ten (10) days prior written notice to the other party of its intention to terminate the Bridge Note Offering or PPO
Offering (the “Termination Notice”). The Termination Notice shall specify the grounds for the proposed termination.
If the specified grounds for termination, or their resulting adverse effect on the transactions contemplated hereby, are curable,
then the other party shall have five (5) days from the Termination Notice within which to remove such grounds or to eliminate all
of their material adverse effects on the transactions contemplated hereby; otherwise, the Bridge Note Offering or PPO Offering
shall terminate.

 

(e) Upon any termination
pursuant to this Section 10, the Placement Agent and the Company will instruct the Escrow Agent to cause all monies received with
respect to the subscriptions for the Bridge Notes or PPO Units not accepted by the Company to be promptly returned to such subscribers
without interest, penalty or deduction.

 

11.         Survival.

 

(a) The obligations
of the parties to pay any costs and expenses hereunder and to provide indemnification and contribution as provided herein shall
survive any termination hereunder. In addition, the provisions of Sections 3, and 10 through 17 shall survive the sale of the Bridge
Notes or PPO Units or any termination of the Bridge Note Offering or PPO Offering hereunder.

 

    	23

    	 

    

 

(b) The respective
indemnities, covenants, representations, warranties and other statements of the Company and the Placement Agent set forth in or
made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of,
and regardless of any access to information by the Company or the Placement Agent, or any of their officers or directors or any
controlling person thereof, and will survive the sale of the Bridge Notes or PPO Units or any termination of the Bridge Note Offering
or PPO Offering hereunder. Notwithstanding the foregoing, if either party effects a Closing with knowledge that one or more of
the other party’s representations and warranties has become untrue or inaccurate in any material respect or that such other
party has failed to comply or satisfy in any material respect a covenant, condition or agreement of it or them, the party so effecting
the Closing shall be deemed to have waived any claim based on the breach of such inaccurate representation and warranty or the
failure to have complied with the specific covenant or condition.

 

12.         Notices.

 

All communications
hereunder will be in writing and, except as otherwise expressly provided herein or after notice by one party to the other of a
change of address, if sent to the Placement Agent, will be mailed, sent by overnight courier or telefaxed and confirmed to Gottbetter
Capital Markets, LLC 488 Madison Avenue, 12th Floor, New York, New York 10022, Attention: Mr. Julio A. Marquez, President, telefax
number (212) 400-6999, with a copy to: Law Offices of Barbara J. Glenns, Esq. 30 Waterside Plaza, Suite 25G, New York, New York
10010, Attn: Barbara J. Glenns, Esq., telefax number (212) 689-6578, if sent to Max Cash Media, Inc. will be mailed, sent by overnight
courier, or certified mail, return receipt requested and confirmed to 50 Brompton Road, Apt 1X, Great Neck, NY 11021 Attn: Noah
Levinson, CEO, with a copy to: Gottbetter & Partners, LLP 488 Madison Avenue, 12th Floor, New York, NY 10022 telefax: 212-400-6901
Attn: Scott Rapfogel, Esq. LP.

 

13.         Governing
Law, Jurisdiction.

 

This Agreement shall
be deemed to have been made and delivered in New York City and shall be governed as to validity, interpretation, construction,
effect and in all other respects by the internal laws of the State of New York without regard to principles of conflicts of law
thereof.

 

    	24

    	 

    

 

THE
PARTIES HERETO AGREE TO SUBMIT ALL CONTROVERSIES TO the exclusive jurisdiction of finra ARBITRATION IN ACCORDANCE WITH THE PROVISIONS
SET FORTH BELOW AND UNDERSTAND THAT (A) ARBITRATION IS FINAL AND BINDING ON THE PARTIES, (B) THE PARTIES ARE WAIVING THEIR RIGHTS
TO SEEK REMEDIES IN COURT, INCLUDING THE RIGHT TO A JURY TRIAL, (C) PRE-ARBITRATION DISCOVERY IS GENERALLY MORE LIMITED AND DIFFERENT
FROM COURT PROCEEDINGS, (D) THE ARBITRATOR’S AWARD IS NOT REQUIRED TO INCLUDE FACTUAL FINDINGS OR LEGAL REASONING AND ANY
PARTY’S RIGHT TO APPEAL OR TO SEEK MODIFICATION OF RULES BY ARBITRATORS IS STRICTLY LIMITED, (E) THE PANEL OF THE ARBITRATORS
WILL TYPICALLY INCLUDE A MINORITY OF ARBITRATORS WHO WERE OR ARE AFFILIATED WITH THE SECURITIES INDUSTRY, AND (F) ALL CONTROVERSIES
WHICH MAY ARISE BETWEEN THE PARTIES CONCERNING THIS AGREEMENT SHALL BE DETERMINED BY ARBITRATION PURSUANT TO THE RULES THEN PERTAINING
TO FINRA. ALL QUESTIONS CONCERNING THE CONSTRUCTION, VALIDITY, ENFORCEMENT AND INTERPRETATION OF THIS AGREEMENT SHALL BE GOVERNED
BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEw york. JUDGMENT ON ANY AWARD OF ANY SUCH ARBITRATION
MAY BE ENTERED IN THE SUPREME COURT OF THE STATE OF NEW YORK OR IN ANY OTHER COURT HAVING JURISDICTION OVER THE PERSON OR PERSONS
AGAINST WHOM SUCH AWARD IS RENDERED. THE PARTIES AGREE THAT THE DETERMINATION OF THE ARBITRATORS SHALL BE BINDING AND CONCLUSIVE
UPON THEM. THE PREVAILING PARTY, AS DETERMINED BY SUCH ARBITRATORS, IN A LEGAL PROCEEDING SHALL BE ENTITLED TO COLLECT ANY COSTS,
DISBURSEMENTS AND REASONABLE ATTORNEY’S FEES FROM THE OTHER PARTY.  PRIOR TO FILING AN ARBITRATION,
THE PARTIES HEREBY AGREE THAT THEY WILL ATTEMPT TO RESOLVE THEIR DIFFERENCES FIRST BY SUBMITTING THE MATTER FOR RESOLUTION TO A
MEDIATOR, ACCEPTABLE TO ALL PARTIES, AND WHOSE EXPENSES WILL BE BORNE EQUALLY BY ALL PARTIES. THE MEDIATION WILL BE HELD IN THE
COUNTY OF NEW YORK, STATE OF NEW YORK, ON AN EXPEDITED BASIS. IF THE PARTIES CANNOT SUCCESSFULLY RESOLVE THEIR DIFFERENCES THROUGH
MEDIATION, THE MATTER WILL BE RESOLVED BY ARBITRATION. THE ARBITRATION SHALL TAKE PLACE IN THE COUNTY OF NEW YORK, THE STATE OF
NEW YORK, ON AN EXPEDITED BASIS. 

 

14.         Miscellaneous.

 

A.           No
provision of this Agreement may be changed or terminated except by a writing signed by the party or parties to be charged therewith.
Unless expressly so provided, no party to this Agreement will be liable for the performance of any other party’s obligations
hereunder. Either party hereto may waive compliance by the other with any of the terms, provisions and conditions set forth herein;
provided, however, that any such waiver shall be in writing specifically setting forth those provisions waived thereby. No such
waiver shall be deemed to constitute or imply waiver of any other term, provision or condition of this Agreement. Neither party
may assign its rights or obligations under this Agreement to any other person or entity without the prior written consent of the
other party.

 

B.           Each
party shall, without payment of any additional consideration by any other party, at any time on or after the date of any Closings,
take such further action and execute such other and further documents and instruments as the other party may reasonably request
in order to provide the other party with the benefits of this Agreement.

 

C.           The
Parties to this Agreement each hereby confirm that they will cooperate with each other to the extent that it may become necessary
to enter into any revisions or amendments to this Agreement, in the future to conform to any federal or state regulations as long
as such revisions or amendments do not materially alter the obligations or benefits of either party under this Agreement.

 

    	25

    	 

    

 

15.         Entire
Agreement; Severability.

 

This Agreement together
with any other agreement referred to herein supersedes all prior understandings and written or oral agreements between the parties
with respect to the Bridge Note Offering or PPO Offering and the subject matter hereof. If any portion of this Agreement shall
be held invalid or unenforceable, then so far as is reasonable and possible (i) the remainder of this Agreement shall be considered
valid and enforceable and (ii) effect shall be given to the intent manifested by the portion held invalid or unenforceable.

 

16.         Counterparts.

 

This Agreement may
be executed in multiple counterparts, each of which may be executed by less than all of the parties and shall be deemed to be an
original instrument which shall be enforceable against the parties actually executing such counterparts and all of which together
shall constitute one and the same instrument. The exchange of copies of this Agreement and of signature pages by facsimile transmission
or in pdf format shall constitute effective execution and delivery of this Agreement as to the parties and may be used in lieu
of the original Agreement for all purposes. Signatures of the parties transmitted by facsimile or in pdf format shall be deemed
to be their original signatures for all purposes.

 

17.         Confidentiality.

 

(a)          The
Placement Agent will maintain the confidentiality of the Information and, unless and until such information shall have been made
publicly available by the Company or by others without breach of a confidentiality agreement, shall disclose the Information only
as authorized by the Company or as required by law or by order of a governmental authority or court of competent jurisdiction.
In the event the Placement Agent is legally required to make disclosure of any of the Information, the Placement Agent will give
prompt notice to the Company prior to such disclosure, to the extent the Placement Agent can practically do so.

 

(b)          The
foregoing paragraph shall not apply to information that:

 

(i)          at
the time of disclosure by the Company, is or thereafter becomes, generally available to the public or within the industries in
which the Company conducts business, other than as a result of a breach by the Placement Agent of its obligations under this Agreement;

 

(ii)         prior
to or at the time of disclosure by the Company, was already in the possession of, the Placement Agent or any of its affiliates,
or could have been developed by them from information then lawfully in their possession, by the application of other information
or techniques in their possession, generally available to the public; at the time of disclosure by the Company thereafter, is obtained
by the Placement Agent or any of its affiliates from a third party who the Placement Agent reasonably believes to be in possession
of the information not in violation of any contractual, legal or fiduciary obligation to the Company with respect to that information;
or is independently developed by the Placement Agent or its affiliates.

 

    	26

    	 

    

 

The exclusions set forth in sub-section
(b) above shall not apply to pro forma financial information of the Company, which pro forma Information shall in all events be
subject to sub-section (a) above.

 

(c)          Nothing
in this Agreement shall be construed to limit the ability of the Placement Agent or its affiliates to pursue, investigate, analyze,
invest in, or engage in investment banking, financial advisory or any other business relationship with entities other than the
Company, notwithstanding that such entities may be engaged in a business which is similar to or competitive with the business of
the Company, and notwithstanding that such entities may have actual or potential operations, products, services, plans, ideas,
customers or supplies similar or identical to the Company’s, or may have been identified by the Company as potential merger
or acquisition targets or potential candidates for some other business combination, cooperation or relationship. The Company expressly
acknowledges and agrees that they do not claim any proprietary interest in the identity of any other entity in its industry or
otherwise, and that the identity of any such entity is not confidential information.

 

[Signatures on following page.]

 

    	27

    	 

    

 

If the foregoing is
in accordance with your understanding of the agreement between the Company and the Placement Agent, kindly sign and return this
Agreement, whereupon it will become a binding agreement as provided herein, between the Company and the Placement Agent in accordance
with its terms.

 

	 	MAX CASH MEDIA, INC.
	 	 	 
	 	By:	/s/ Noah Levinson
	 	Name:  Noah Levinson
	 	Title:  Chief Executive Officer

 

	 	Address:	50 Brompton Road, Apt 1X
	 	 	Great Neck, NY 11021
	 	 	Tel:  (917) 398-0320

 

	Accepted and agreed to this	 
	2nd  day of May, 2012:	 
	 	 
	GOTTBETTER CAPITAL MARKETS, LLC	 
	 	 	 
	By: 	/s/ Julio A. Marquez	 
	Name:  Julio A. Marquez	 
	Title:  President

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