Document:

Exhibit 10.23

SUBSCRIPTION AGREEMENT

 

Players Network

1771 East Flamingo Road, Suite 201A

Las Vegas, Nevada 89119

 

Gentlemen:

 

The undersigned understands
that Players Network, a Nevada corporation (the "Company"), is offering for sale shares of its common stock, par
value $.001 per share ("Shares") and warrants exercisable for shares of the Company's common stock ("Warrants")
on the terms and conditions set forth in this Subscription Agreement. The undersigned further understands that the offer and sale
of the Shares and the Warrants is being made without registration under the Securities Act of 1933, as amended (the "Securities
Act").

 

1.       1.1
Authorization. On or prior to the Closing, the Company shall have authorized: (a) the sale and issuance to the Purchaser
of the Shares and the Warrants (collectively, the "Securities"); and (b) the sale and issuance of the shares of
Common Stock issuable upon exercise of the Warrants (the "Warrant Shares").

 

2.       1.2Sale
and Issuance. Subject to the terms and conditions set forth in this Agreement, the Purchaser agrees to purchase at the Closing,
and the Company agrees to sell and issue to the Purchaser at the Closing, for an aggregate purchase price of Six Thousand Dollars
($6,000.00), Dollars that number of Shares equal to 200,000 ($.03) divided by the Closing Price and a callable warrant exercisable
for an additional number of shares of Common Stock equal to 100% of the shares of Common Stock purchased on the Closing Date at
the exercise price of $0.06 (the "Warrant Price"),

 

3.       1.3Acceptance
of Subscription and Issuance of the Securities. It is understood and agreed that the Company shall have the right to accept
or reject this subscription in its sole discretion. Notwithstanding anything in this Agreement to the contrary, the Company shall
have no obligation to sell any Securities to any person who is a resident of a jurisdiction in which the sale or issuance of the
Securities would constitute a violation of the securities, "blue sky" or other similar laws of such jurisdiction (collectively
referred to as the "State Securities laws").

 

4.       1.4Payment
for the Securities. At the Closing the Company shall deliver to the Purchaser a certificate or certificates, registered in
the name of the Purchaser as set forth in Schedule 2.4, representing the shares of Common Stock and a certificate, substantially
in the form of Exhibit A, representing the Warrant that the Purchaser is purchasing, against the purchase price therefor.

 

5.       1.5Representations
and Warranties of the Company. The Company represents and warrants that:

 

(a) Organization, Good Standing and
Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the
State of Nevada and has all requisite corporate power and authority to own and operate its
properties and to carry on its business as now conducted and as proposed to be conducted. The Company is duly qualified to
transact business and is in good standing in each jurisdiction in which qualification is required, except where the failure
to so qualify, individually or in the aggregate, would not have a Material Adverse Effect.

 

    	 

    	 

    

 

(b) Capitalization. The authorized capital of
the Company consists, or will consist immediately prior to the Initial Closing, of (a) 25,000,000 shares of Preferred Stock, par
value $0.001 (the "Preferred Stock"), of which (i) 2,000,000 shares have been designated Series A Preferred Stock, and
(ii) 8,600,000 shares have been designated Series B Preferred Stock, none of which are outstanding and (b) 600,000,000 shares of
common stock, par value $0.001 ("Common Stock"), of which approximately 144,000,000 shares are issued and outstanding.
No Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the
transactions contemplated by the Transaction Documents. As of the Initial Closing Date, except as a result of the purchase and
sale of the Securities and for stock options issued by the Company to its employees, directors and consultants, there are no outstanding
options, warrants, script rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities,
rights or obligations convertible into or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares
of Common Stock, or contracts, commitments, understandings or arrangements by which the Company is or may become bound to issue
additional shares of Common Stock or securities convertible into or exercisable for shares of Common Stock. All of the outstanding
shares of capital stock of the Company are validly issued, fully paid and non-assessable, have been issued in compliance with all
U.S. federal and state securities laws, and none of such outstanding shares was issued in violation of any preemptive rights or
similar rights to subscribe for or purchase securities.

 

(c) SEC Reports., Financial Statements. The Company
has filed all required SEC Reports for the two years preceding the Initial Closing Date (or such shorter period as the Company
was required by law to file such material). As of their respective dates, the SEC Reports complied in all material respects with
the requirements of the Securities Act and the Exchange Act and the rules and regulations of the SEC promulgated there under,
as applicable, and none of the SEC Reports, when filed, contained any untrue statement of a material fact or omitted to state
a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading. The financial statements of the Company included in the SEC Reports comply in all
material respects with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in
effect at the time of filing. Such financial statements have been prepared in accordance with GAAP, except as may be otherwise
specified in such financial statements or the notes thereto and except that unaudited financial statements may not contain all
footnotes required by GAAP, and fairly present in all material respects the financial position of the Company and its consolidated
Subsidiaries as of and for the dates thereof and the results of operations and cash flows for the periods then ended, subject,
in the case of unaudited statements, to normal, immaterial, year-end audit adjustments.
  

    	 

    	 

    

 

(d) Authorization. The Company has all requisite
power and authority to execute, deliver and perform its obligations under the Transaction Documents. All corporate action on the
part of the Company and its officers, directors and stockholders necessary for the authorization, execution and delivery of the
Transaction Documents and the performance of all obligations of the Company hereunder and thereunder, and the authorization, issuance,
sale and delivery of the Shares and the Warrants pursuant to this Agreement, and the Warrant Shares pursuant to the Warrants,
has been taken or will be taken prior to the Closing. The Transaction Documents have been duly executed and delivered by the Company,
and assuming that they have been duly executed and delivered by any party thereto other than the Company or its affiliates, constitute
valid and legally binding obligations of the Company, enforceable against the Company in accordance with their respective terms,
except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting
enforcement of creditors' rights generally, (b) as limited by laws relating to the availability of specific performance, injunctive
relief or other equitable remedies, limited by applicable federal or state securities laws or the public policy underlying such
laws.

 

(e) Valid Issuance of Shares and Warrant Shares.
The Shares and Warrant Shares have been duly authorized and, when issued, sold and delivered in accordance with the terms of this
Agreement for the consideration set forth herein, and with respect to the Warrant Shares, when issued, sold and delivered in accordance
with the terms of this Agreement and the Warrants for the consideration set forth in the Warrants will be duly and validly issued,
fully paid, and nonassessable and free of all Liens and restrictions on transfer other than the restrictions on transfer contained
in this Agreement, and under applicable state and federal securities laws. No further approval of the security holders or the Board
of Directors of the Company will be required for the issuance and sale of the Securities and the Warrant Shares to be sold as contemplated
herein and in the Warrants, respectively.

 

(f) Offering. Subject in part to the truth and
accuracy of the Purchaser's representations set forth in this Agreement, the offer, sale and issuance of the Shares, the Warrants,
the Warrant Shares and the Conversion Shares will be exempt from the registration requirements of the Securities Act, and are exempt
from registration and qualification under the registration, permit or qualification requirements of all applicable securities laws
of any state of the United States.

 

(g) Material Changes. Since the date of the latest
audited financial statements included within the SEC Reports, except as disclosed in the SEC Reports, (a) there has been no event,
occurrence or development that has had or that would reasonably be expected to result in a Material Adverse Effect, (b) the Company
has not incurred any liabilities (contingent or otherwise) other than (i) trade payables and accrued expenses incurred in the ordinary
course of business consistent with past practice and (ii) liabilities not required to be reflected in the Company's financial statements
pursuant to GAAP or required to be disclosed in filings made with the SEC, (c) the Company has not altered its method of accounting,

the Company has not declared or made any dividend
or distribution of cash or other property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem
any shares of its capital stock and (e) the Company has not issued any equity securities to any officer, director or Affiliate,
except pursuant to existing Company equity incentive plans. The Company does not have pending before the SEC any request for confidential
treatment of information.

 

(h)  Litigation. There is no action, suit,
inquiry, notice of violation, proceeding or investigation pending or, to the knowledge of the Company, threatened against or
affecting the Company, any of its directors, officers or employees or any of its properties before or by any court,
arbitrator, governmental or administrative agency or regulatory authority (federal, state, county, local or foreign)
(collectively, an "Action"), which (a) adversely affects or challenges the legality, validity or
enforceability of any of the Transaction Documents or the Securities or the transactions contemplated by the Transaction
Documents, or (b) would, if there were an unfavorable decision, have or reasonably be expected to result in, individually or
in the aggregate, a Material Adverse Effect.

 

    	 

    	 

    

 

(i) Compliance. The Company (a) is not in
default under or in violation of (and, to the Company's knowledge, no event has occurred that has not been waived that, with notice
or lapse of time or both, would result in a default by the Company under), nor has the Company received written notice of a claim
that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other similar agreement
or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default or violation
has been waived) or any material contract filed by the Company with the SEC pursuant to the Securities Act, the Exchange Act or
the rules and regulations promulgated thereunder, (b) is in violation of any order of any court, arbitrator or governmental body
applicable to the Company, (c) is or has been in violation of any statute, rule or regulation of any governmental authority applicable
to the Company, including without limitation all foreign, federal, state and local laws applicable to its business.

 

(j) Title to Assets. The Company has good
and marketable title in fee simple to all real property owned by it that is material to the business of the Company and good and
marketable title in all personal property owned by it that is material to the business of the Company, in each case free and clear
of all Liens, except for Liens as do not materially affect the value of such property and do not materially interfere with the
use made and proposed to be made of such property by the Company and Liens for the payment of federal, state or other taxes, the
payment of which is neither delinquent nor subject to penalties.

 

(k) Patents and Trademarks. The Company owns,
or has rights to use, all patents, patent applications, trademarks, trademark applications, service marks, trade names, copyrights,
licenses and other similar rights that are necessary or material for use in connection with its business as described in the SEC
Reports and which the failure to so have would, individually or in the aggregate, have a Material Adverse Effect (collectively,
the "Intellectual Property Rights"). The Company has not received a written notice that the Intellectual
Property Rights used by the Company violates or infringes upon the rights of any Person. To the knowledge of the Company, all such
Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of the Intellectual
Property Rights of the Company.

 

(l) Regulatory Permits. The Company possesses
all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities
necessary to conduct its business as described in the SEC Reports, except where the failure to possess such permits would not,
individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect ("Material Permits"),
and the Company has not received any written notice of proceedings relating to the revocation or modification of any Material
Permit.

 

    	 

    	 

    

 

(m) Transactions with Affiliates and Employees. Except as
set forth in the SEC Reports, none of the officers or directors of the Company and, to the knowledge of the Company, none of the
employees of the Company, is presently a party to any transaction with the Company or any Subsidiary (other than for services as
employees, officers and directors), including any contract, agreement or other arrangement providing for the furnishing of services
to or by, providing for rental of real or personal property to or from, or otherwise requiring payments to or from any officer,
director or such employee or, to the knowledge of the Company, any entity in which any officer, director, or any such employee
has a substantial interest or is an officer, director, trustee or partner, in each case in excess of $120,000 other than (a) for
payment of salary or consulting fees for services rendered, (b) reimbursement for expenses incurred on behalf of the Company and
(c) for other employee benefits, including stock option agreements under any equity incentive plan of the Company.

 

(n) Sarbanes-Oxley; Internal Accounting Controls. The
Company is in material compliance with all provisions of the Sarbanes-Oxley Act of 2002 which are applicable to it as of the Initial
Closing Date. The Company maintains a system of internal accounting controls sufficient to provide reasonable assurance that (a)
transactions are executed in accordance with management's general or specific authorizations, (b) transactions are recorded as
necessary to permit preparation of financial statements in conformity with GAAP and to maintain asset accountability, (c) access
to assets is permitted only in accordance with management's general or specific authorization, and (d) the recorded accountability
for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences.
The Company has established disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the
Company and designed such disclosure controls and procedures to ensure that material information relating to the Company is made
known to the certifying officers by others within those entities, particularly during the period in which the Company's most recently
filed periodic report under the Exchange Act, as the case may be, is being prepared. The Company's certifying officers have evaluated
the effectiveness of the Company's controls and procedures as of the date prior to the filing date of the most recently filed periodic
report under the Exchange Act (such date, the "Evaluation Date"). The Company presented in its most recently filed
periodic report under the Exchange Act the conclusions of the certifying officers about the effectiveness of the disclosure controls
and procedures based on their evaluations as of the Evaluation Date. Since the Evaluation Date, there have been no significant
changes in the Company's internal controls (as such term is defined in Item 307(b) of Regulation S-K under the Exchange Act) or,
to the Company's knowledge, in other factors that could materially affect the Company's internal controls.

 

(o)Disclosure. The Company has provided the Purchaser
with all the information that the Purchaser has requested for deciding whether to purchase the Series B Preferred Stock.

 

(p) Registration Rights. Except as provided in the Investor's
Rights Agreement the Company has not granted or agreed to grant any registration rights, including piggyback rights, to any person
or entity.

 

(q) Corporate Documents. Except for amendments necessary
to satisfy representations and warranties or conditions contained herein (the form of which amendments has been approved by the
Purchaser), the Articles of Incorporation and Bylaws of the Company are in the form previously provided to the Purchaser.

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(r) Tax Status. The Company has made or filed
all federal, state and foreign income and all other tax returns, reports and declarations required by any jurisdiction to which
it is subject (unless and only to the extent that the Company has set aside on its books provisions reasonably adequate for the
payment of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments and charges that are material
in amount, shown or determined to be due on such returns, reports and declarations, except those being contested in good faith
and has set aside on its books provisions reasonably adequate for the payment of all taxes for periods subsequent to the periods
to which such returns, reports or declarations apply.

 

(s) Investment Company. The
Company is not, and is not an affiliate of, and immediately after receipt of payment for the Securities, will not be or be an affiliate
of, an "investment company" within the meaning of the Investment Company Act of 1940, as amended.

 

(t) Insurance. The Company maintains insurance
underwritten by insurers of recognized financial responsibility, of the types and in the amounts that the Company reasonably believes
is adequate for its business as currently conducted, including, but not limited to, insurance covering all real and personal property
owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured against,
with such deductibles as are customary for companies in the same or similar business, all of which insurance is in full force and
effect.

 

(u) Related Party Transactions. Except as
set forth in the SEC Reports, no transaction has occurred between or among the Company, on the one hand, and its affiliates, officers
or directors on the other hand.

 

(v) Foreign Corrupt Practices. Neither the
Company, nor, to the knowledge of the Company, any director, officer, agent, employee or other Person acting on behalf of the Company
has, in the course of its actions for, or on behalf of, the Company

 

(w) Full Disclosure. No representation or
warranty of the Company made in this Agreement and the Investor's Rights Agreement, including any schedules or exhibits hereto
or thereto, contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact necessary
to make the statements or facts contained herein or therein not misleading.

 

6.          1.6
Representations and Warranties of the Undersigned. The undersigned hereby represents and warrants to the Company and to
each officer, director, controlling person and agent of the Company that:

 

a.          (a)Organization;
Validity; Enforcements. (a) The Purchaser has power, authority and capacity to enter into this Agreement and to consummate
the transactions contemplated hereby, (b) the making and performance of this Agreement by the Purchaser and the consummation of
the transactions herein and therein contemplated will not violate or conflict with, result in the breach or violation of, or constitute,
either by itself or upon notice or the passage of time or both, a default under any material agreement, mortgage, deed of trust,
lease, franchise, license, indenture, permit or other instrument to which the Purchaser is a party, or any statute or any authorization,
judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental agency
or body applicable to the Purchaser, (c) no consent, approval, authorization or other order of any court, regulatory body, administrative
agency or• other governmental agency or body is required on the part of the Purchaser for the execution and delivery of this
Agreement or the consummation of the transactions contemplated by this Agreement, (d) upon the execution and delivery of this
Agreement, this Agreement shall constitute a legal, valid and binding obligation of the Purchaser, enforceable in accordance with
their terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
application affecting enforcement of creditors' rights generally.

 

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b.       (b)Purchase
Entirely for Own Account. The Securities are being acquired for investment for the Purchaser's own account, not as a nominee
or agent and not with a view to the resale or distribution of any part thereof.

 

c.       (c)Information.
The Purchaser and his advisors, if any, have been furnished with all materials relating to the business, finances and operations
of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchaser. The
Purchaser and his advisors, if any, have been afforded the opportunity to ask questions of the Company; provided, however, that
neither such inquiries nor any other due diligence investigations conducted by the Purchaser or his representatives shall modify,
amend or affect the Purchaser's right to rely on the Company's representations and warranties contained in Section 3. The Purchaser
has sought such accounting, legal and tax advice as he has considered necessary to make an informed investment decision with respect
to his acquisition of the Securities.

 

(d) Investment
Experience. The Purchaser understands that the purchase of the Securities involves substantial risk. The Purchaser is an
investor in securities of companies in the developmental stage and acknowledges that he can bear the economic risk of his
investment and has such knowledge and experience in financial or business matters that he is capable of evaluating the merits
and risks of its investment in the Securities. The Purchaser has undertaken an independent analysis of the merits and the
risks of an investment in the Securities, based on the Purchaser's own financial circumstances.

 

(e)No General Solicitation.
The Purchaser acknowledges that he has not seen, received, been presented with, or been solicited by any leaflet, public promotional
meeting, newspaper or magazine article or advertisement, radio or television advertisement, or any other form of advertising or
general solicitation with respect to the Securities.

 

(f)Accredited Purchaser. The Purchaser is an
"accredited investor" within the meaning of SEC Rule 501 of Regulation D, as presently in effect and Purchaser has executed
the Certificate of Accredited Investor Status, attached hereto as Exhibit D.

 

(g)Restricted Securities.
The Purchaser understands that the Securities are characterized as "restricted securities" under the federal securities
laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering and that under such
laws and applicable regulations such securities may be resold without registration under the Securities Act only in certain limited
circumstances. In this connection, the Purchaser represents that he is familiar with SEC Rule 144, as presently in effect, and
understands the resale limitations imposed thereby. The Purchaser will not, directly or indirectly, offer, sell, pledge, transfer
or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of) any of the Securities,
nor will the Purchaser engage in any short sale that results in a disposition of any of the Securities by the Purchaser, except
in compliance with the Securities Act and the rules and regulations promulgated thereunder and any applicable state securities
law.

 

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(j) Information Provided by Purchaser.
All information which the Purchaser has provided to the Company concerning the Purchaser, his financial position and his knowledge
of financial and business matters, and any information found in the Certificate of Accredited Investor Status, is truthful, accurate,
correct, and complete as of the date set forth herein or therein.

 

(k) Legends. The Purchaser
understands that, at all times until such time as (a) a registration statement registering the Shares and the Warrant Shares has
been declared effective or (b) the Shares and Warrant Shares may be sold pursuant to Rule 144 under the Securities Act without
any restriction as to the number of securities as of a particular date that can then be immediately sold, the Shares and the Warrant
Shares will bear a restrictive legend in substantially the following form:

 

"NEITHER THESE SECURITIES NOR
THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE OR EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT
WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
REQUIRED UNDER SUCH ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT."

 

a.       (1)
Reliance on Exemptions. The Purchaser understands that the Securities are being offered and sold to him in reliance upon
specific exemptions from the registration requirements of the Securities Act, the rules and regulations promulgated thereunder
and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser's compliance with,
the representations, warranties, agreements, acknowledgments and understandings of the Purchaser set forth herein in order to
determine the availability of such exemptions and the eligibility of the Purchaser to acquire the Securities.

 

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b.       
(m) No Government Review. The Purchaser understands that no United States federal or state agency or any other government
or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

 

2.       1.7
Waiver, Amendment. Neither this Agreement nor any provisions hereof shall be modified, changed, discharged or terminated
except by an instrument in writing signed by the party against whom any waiver, change, discharge or termination is sought.

 

3.       1.8
Assignability. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or by reason hereof
shall be assignable by either the Company or the undersigned without the prior written consent of the other party.

 

4.       1.9
Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE OF NEVADA, REGARDLESS
OF THE LAW THAT MIGHT BE APPLIED UNDER PRINCIPLES OF CONFLICTS OF LAW.

 

5.       1.10
Section and Other Headings. The section and other headings contained in this Agreement are for reference purposes only
and shall not affect the meaning or interpretation of this Agreement.

 

6.       1.11
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered
shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.

 

7.       1.12
Notices. All notices and other communications provided for herein shall be in writing and shall be deemed to have been
duly given if delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid:

 

(a)If to the Company, to it at the following address:

 

Players Network

1771 East Flamingo Rd 201A

Las Vegas, Nevada 89119

Attention: CEO

 

(b) If to the undersigned, to him
at the address set forth on the signature page hereto; or at such other address as either party shall have specified by notice
in writing to the other.

 

1.       1.13
Binding Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties hereto and
their respective heirs, legal representatives, successors and assigns.

 

2.       1.14
Indemnification. The undersigned acknowledges that he understands the meaning and legal consequences of the representations,
warranties, and covenants set forth herein and that the Company has relied and will rely upon such representations, warranties
and covenants.

 

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Therefore, he hereby agrees to indemnify
and hold harmless the Company and the officers, directors, controlling persons and agents of the Company from and against any and
all loss, claim, damage, liability or expense, and any action in respect thereof, joint or several, to which any such person may
become subject, due to or arising out a breach of any such representation, warranty, or covenant, together with all reasonable
costs and expenses (including attorneys' fees) incurred by any such person in connection with any action, suit, proceeding, demand,
assessment, or judgment incident to any of the matters so indemnified against.

 

3.       1.15
Survival. All representations, warranties and covenants contained in this Agreement and the indemnification contained in
Section 1.14 shall survive (i) the acceptance of the subscription by the Company and (ii) the death or disability of the undersigned.

 

4.       1.16
Notification of Changes. The undersigned hereby covenants and agrees to notify the Company upon the occurrence of any event
prior to the closing of the purchase of the Securities pursuant to this Agreement that would cause any representation, warranty,
or covenant of the undersigned contained in this Agreement to be false or incorrect.

 

IN WITNESS WHEREOF, the undersigned has executed this Subscription

 

Agreement this 8 day of April, 2014

 

	 	/s/ Mark Leibovit
	 	Signature
	 	 
		Mark Leibovit
		Print Name
	 	 
	Please issue in name of:	10632 N Scottsdale Rd B-426
	Chimney Rock Investments LLC	Number and Street
	 	 
	 	Scottsdale, AZ 85254
	 	City, State and Zip
	 	 
	 	72-1522074
	 	SS# or Tax ID

 

 

 

Accepted as of

 

May 10, 2014

 

Players Network

 

By: /s/ Mark Bradley

 

Accredited Investor
Certification

 

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Please
check response A or B as appropriate:

 

_____ A.I am not an accredited
investor.

 

 _____       B. I am an accredited investor because I am (please check the appropriate response):

 

_____ I have an individual net worth (or joint net worth
with spouse) in excess of $1,000,000; or

 

_____ I had an individual income (not including any amounts
attributable to spouse or to property owned by spouse) of more than $200,000 in each of the previous two calendar years and a reasonable
expectation to reach the same income level in the current year; or I had a joint income with spouse in excess of $300,000 in each
of the previous two calendar years and a reasonable expectation to reach the same income level in the current year; or

 

_____ I am a bank or savings and loan association, whether
acting in its individual or fiduciary capacity; or

 

_____ I am a broker-dealer registered pursuant to Section
15 of the Securities Exchange Act of 1934; or

 

_____ I am an insurance company; or

 

_____ I am an investment company registered under the
Investment Company Act of 1940, as amended, or a business development company as defined in said Act; or

 

_____ I am a Small Business Investment Company licensed
by the U.S. Small Business Administration; or

 

_____ I am a plan established and maintained by a state,
its political subdivisions or any agency or instrumentality thereof, for the benefit of its employees, if such plan has total assets
in excess of $5,000,000; or

 

_____ I am an employee benefit plan within the meaning
of Title I of the Employment Retirement Income Security Act of 1974 ("ERISA"), if the investment decision with respect
to this investment is made by a plan fiduciary which is either a bank, savings and loan association, insurance company or registered
investment advisor, or if the employee benefit plan has total assets in excess of $5,000,000, or if a self-directed plan, its investment
decisions are made solely by persons who are accredited investors; or

 

_____I am a private business development company as defined in the
Investment Advisors Act of 1940, as amended; or

 

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_____ I am a corporation, Massachusetts or similar business
trust or partnership, or any tax exempt organization as defined in Section 501(c)(3) of the Internal Revenue Code, not formed for
the specific purpose of acquiring Investor Securities, with the total assets in excess of $5,000,000; or

 

_____ I am a trust with total assets in excess of $5,000,000,
not formed for the specific purpose of acquiring Investor Securities, whose purchase is directed.

 

 

IN WITNESS WHEREOF, the undersigned has executed
this Accredited Investor

 

Certification this 8
day of April, 2014

 

	 	/s/ Mark Leibovit
	 	Signature
	 	 
	 	Mark Leibovit
	 	Print NameExhibit 10.24

 

THIS WARRANT AND THE COMMON SHARES ISSUABLE
UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON
SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO PLAYERS
NETWORK, Inc. THAT SUCH REGISTRATION IS NOT REQUIRED.

 

 

 

	 	Right to Purchase 200,000 shares of Common Stock of PLAYERS NETWORK (subject to adjustment as provided herein)

 

 

COMMON STOCK PURCHASE WARRANT

 

	No. 2014-03	Issue Date: April 8, 2014

 

PLAYERS NETWORK, a
corporation organized under the laws of the State of Nevada (the “Company”), hereby certifies that, for value received,
Mark Leivotes, or his assigns (the “Holder”), is entitled, subject to the terms set forth below, to purchase from the
Company at any time after the Issue Date until 5:00 p.m., C.S.T on the Second anniversary after the Issue Date (the “Expiration
Date”), 200,000 fully paid and nonassessable shares of the Common Stock of the Company (the “Warrant Shares”),
at a per share purchase price of $0.06 in lawful money of the United States. The afore described purchase price per share, as adjusted
from time to time as herein provided, is referred to herein as the “Purchase Price.” The number and character of such
shares of Common Stock and the Purchase Price are subject to adjustment as provided herein.

 

As used herein the
following terms, unless the context otherwise requires, have the following respective meanings:

 

(a)The term “Company”
shall include PLAYERS NETWORK and any corporation which shall succeed or assume the obligations of PLAYERS NETWORK hereunder.

 

(b)The term “Common
Stock” includes (a) the Company’s Common Stock, $0.001 par value per share, as authorized on the Issue Date, and
(b) any other securities into which or for which any of the securities described in (a) may be converted or exchanged pursuant
to a plan of recapitalization, reorganization, merger, sale of assets or otherwise.

 

(c)The term “Other
Securities” refers to any stock (other than Common Stock) and other securities of the Company or any other person (corporate
or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall have received, on the exercise
of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have been issued in
exchange for or in replacement of Common Stock or Other Securities pursuant to Section 3 or otherwise.

 

    	 

    	 

    

1.Exercise of
Warrant.

 

1.1.Number of
Shares Issuable upon Exercise. From and after the Issue Date through and including the Expiration Date, the Holder hereof shall
be entitled to receive, upon exercise of this Warrant in whole in accordance with the terms of subsection 1.2 or upon exercise
of this Warrant in part in accordance with subsection 1.3, shares of Common Stock of the Company, subject to adjustment pursuant
to Section 3.

 

1.2.Full Exercise.
This Warrant may be exercised in full by the Holder hereof by delivery of an original or facsimile copy of the form of subscription
attached as Exhibit A hereto (the “Subscription Form”) duly executed by such Holder and surrender of the original Warrant
within five (5) trading days of exercise, to the Company at its principal office, accompanied by payment, in cash, wire transfer
or by certified or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of
shares of Common Stock for which this Warrant is then exercisable by the Purchase Price then in effect.

 

1.3.Partial Exercise.
This Warrant may be exercised in part (but not for a fractional share) by surrender of this Warrant in the manner and at the place
provided in subsection 1.2 except that the amount payable by the Holder on such partial exercise shall be the amount obtained
by multiplying (a) the number of whole shares of Common Stock designated by the Holder in the Subscription Form by (b) the
Purchase Price then in effect. On any such partial exercise, the Company, at its expense, will forthwith issue and deliver to or
upon the order of the Holder hereof a new Warrant of like tenor, in the name of the Holder hereof or as such Holder (upon payment
by such Holder of any applicable transfer taxes) may request, the whole number of shares of Common Stock for which such Warrant
may still be exercised.

 

1.4.Fair Market
Value. Fair Market Value of a share of Common Stock as of a particular date (the “Determination Date”) shall mean:

 

(a)If the Company’s
Common Stock is traded on an exchange, then the closing or last sale price, respectively, reported for the last business day immediately
preceding the Determination Date;

 

(b)If the Company’s
Common Stock is not traded on an exchange, but is traded in the over-the-counter market, then the average of the closing bid and
ask prices reported for the last business day immediately preceding the Determination Date;

 

(c)Except as provided
in clause (d) below, if the Company’s Common Stock is not publicly traded, then as the Board of Directors of the Company
shall in good faith determine; or

 

(d)If the Determination
Date is the date of a liquidation, dissolution or winding up, or any event deemed to be a liquidation, dissolution or winding
up pursuant to the Company’s charter, then all amounts to be payable per share to holders of the Common Stock pursuant to
the charter in the event of such liquidation, dissolution or winding up, plus all other amounts to be payable per share in respect
of the Common Stock in liquidation under the charter, assuming for the purposes of this clause (d) that all of the shares
of Common Stock then issuable upon exercise of all of the Warrants are outstanding at the Determination Date.

 

    	 

    	 

    

1.5.Delivery of
Stock Certificates, etc. on Exercise. As soon as practicable after the exercise of this Warrant in full or in part, and in
any event within five (5) trading days thereafter, the Company at its expense will cause to be issued in the name of and delivered
to the Holder hereof, or as such Holder (upon payment by such Holder of any applicable transfer taxes) may direct in compliance
with applicable securities laws, a certificate or certificates for the number of duly and validly issued, fully paid and nonassessable
shares of Common Stock (or Other Securities) to which such Holder shall be entitled on such exercise, plus, in lieu of any fractional
share to which such Holder would otherwise be entitled, cash equal to such fraction multiplied by the then Fair Market Value of
one full share of Common Stock, together with any other stock or other securities and property (including cash, where applicable)
to which such Holder is entitled upon such exercise pursuant to Section 1 or otherwise.

 

1.6.Common Stock
Legend. The Holder acknowledges and agrees that the shares of Common Stock of the Company, and, until such time as the Common
Stock has been registered under the 1933 Act and sold in accordance with an effective registration statement, or exemption from
registration, certificates and other instruments representing any of the Common Stock shall bear a restrictive legend in substantially
the following form (and a stop-transfer order may be placed against transfer of any such Securities):

 

“THE SHARES REPRESENTED BY THIS
CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED OR APPLICABLE STATE SECURITIES LAWS. THESE SHARES
MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH SECURITIES
ACT OR ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO PLAYERS
NETWORK, Inc. THAT SUCH REGISTRATION IS NOT REQUIRED.”

 

2.Cashless
Exercise. If the Fair Market Value of one share of Common Stock is greater than the Purchase Price (at the date of calculation
as set forth below), in lieu of exercising this Warrant for cash, the holder may elect to receive shares equal to the value (as
determined below) of this Warrant (or the portion thereof being cancelled) by surrender of this Warrant at the principal office
of the Company together with the properly endorsed Subscription Form in which event the Company shall issue to the holder a number
of shares of Common Stock computed using the following formula:

 

	 	X  =   Y (A-B)
	 	              A

 

	Where  	X=	the number of shares of Common Stock to be issued to the holder

 

		Y=	the number of shares of Common Stock purchasable under the Warrant or, if only a portion of the
Warrant is being exercised, the portion of the Warrant being exercised (at the date of such calculation)

 

		A=	the Fair Market Value of one share of the Company’s Common Stock (at the date of such calculation)

 

		B=	Purchase Price (as adjusted to the date of such calculation)

 

    	 

    	 

    

3.Adjustment for
Reorganization, Consolidation, Merger, etc.

 

3.1.Reorganization,
Consolidation, Merger, etc. In case at any time or from time to time, the Company shall (a) effect a reorganization, (b) consolidate
with or merge into any other person or (c) transfer all or substantially all of its properties or assets to any other person
under any plan or arrangement contemplating the dissolution of the Company, then, in each such case, as a condition to the consummation
of such a transaction, proper and adequate provision shall be made by the Company whereby the Holder of this Warrant, on the exercise
hereof as provided in Section 1, at any time after the consummation of such reorganization, consolidation or merger or the
effective date of such dissolution, as the case may be, shall receive, in lieu of the Common Stock (or Other Securities) issuable
on such exercise prior to such consummation or such effective date, the stock and other securities and property (including cash)
to which such Holder would have been entitled upon such consummation or in connection with such dissolution, as the case may be,
if such Holder had so exercised this Warrant, immediately prior thereto, all subject to further adjustment thereafter as provided
in Section 3.2.

 

3.2Extraordinary
Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common Stock as a dividend
or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or (c) combine
its outstanding shares of the Common Stock into a smaller number of shares of Common Stock, then, in each such event, the Purchase
Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price by a fraction,
the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event and the denominator
of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product so obtained shall
thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in the same manner upon
the happening of any successive event or events described in this Section 3.2. The number of shares of Common Stock that the
Holder of this Warrant shall thereafter, on the exercise hereof as provided in Section 1, be entitled to receive shall be
adjusted to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions
of this Section 3.2) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that
would otherwise (but for the provisions of this Section 3.2) be in effect, and (b) the denominator is the Purchase Price
in effect on the date of such exercise.

 

3.3.Certificate
as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities) issuable
on the exercise of the Warrants, the Company at its expense will promptly cause its Chief Financial Officer or other appropriate
designee to compute such adjustment or readjustment in accordance with the terms of the Warrant and prepare a certificate setting
forth such adjustment or readjustment and showing in detail the facts upon which such adjustment or readjustment is based, including
a statement of (a) the consideration received or receivable by the Company for any additional shares of Common Stock (or Other
Securities) issued or sold or deemed to have been issued or sold, (b) the number of shares of Common Stock (or Other Securities)
outstanding or deemed to be outstanding, and (c) the Purchase Price and the number of shares of Common Stock to be received
upon exercise of this Warrant, in effect immediately prior to such adjustment or readjustment and as adjusted or readjusted as
provided in this Warrant. The Company will forthwith mail a copy of each such certificate to the Holder of the Warrant.

 

4.Reservation
of Stock, etc. Issuable on Exercise of Warrant; Financial Statements. The Company will at all times reserve and keep available,
solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities) from time to
time issuable on the exercise of the Warrant.

 

    	 

    	 

    

5.Assignment;
Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced hereby,
may be transferred by any registered holder hereof (a “Transferor”). On the surrender for exchange of this Warrant,
with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor Endorsement Form”)
and together with an opinion of counsel reasonably satisfactory to the Company that the transfer of this Warrant will be in compliance
with applicable securities laws, the Company at its expense, twice, only, but with payment by the Transferor of any applicable
transfer taxes, will issue and deliver to or on the order of the Transferor thereof a new Warrant or Warrants of like tenor, in
the name of the Transferor and/or the transferee(s) specified in such Transferor Endorsement Form (each a “Transferee”),
calling in the aggregate on the face or faces thereof for the number of shares of Common Stock called for on the face or faces
of the Warrant so surrendered by the Transferor. No such transfers shall result in a public distribution of the Warrant.

 

6.Replacement
of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or mutilation of
this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity agreement or
security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender and cancellation
of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant of like tenor.

 

7.Transfer on
the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat the registered
holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

8.Notices.
 All notices, demands, requests, consents, approvals, and other communications required or
permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited
in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service
with charges prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other
address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted
to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated
by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal
business hours where such notice is to be received), or the first business day following such delivery (if delivered other than
on a business day during normal business hours where such notice is to be received) or (b) on the second business day following
the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing,
whichever shall first occur. The addresses for such communications shall be: (i) if to the Company to 1771 E. Flamingo Rd., #201-A,
Las Vegas, NV 89119, and (ii) if to the Holder, to:

 

112 N. Curry Street

Carson City, NV 89703-4934

 

9.Miscellaneous.
This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument in writing signed by the
party against which enforcement of such change, waiver, discharge or termination is sought. This Warrant shall be construed and
enforced in accordance with and governed by the laws of Nevada. Any dispute relating to this Warrant shall be adjudicated in Clark
County in the State of Nevada. The headings in this Warrant are for purposes of reference only, and shall not limit or otherwise
affect any of the terms hereof. The invalidity or unenforceability of any provision hereof shall in no way affect the validity
or enforceability of any other provision.

 

    	 

    	 

    

10.No rights as
Stockholder. Until the Holder has exercised this Warrant, Holder shall have no rights as a stockholder of the Company in respect
to the Warrants until the Holder has exercise its rights to receive Warrant Shares.

 

 

 

 

 

[THIS SPACE INTENTIONALLY
LEFT BLANK]

 

 

 

 

 

IN WITNESS WHEREOF, the Company
has executed this Warrant as of the date first written above.

	 	
        PLAYERS NETWORK 

         

         

         

        By: /s/ Mark Bradley

        Mark Bradley, CEO

	 	 	 
	 	 	 	 

 

 

 

 

    	 

    	 

    

 

Exhibit A

 

FORM OF SUBSCRIPTION

(to be signed only on exercise of Warrant)

TO: PLAYERS
NETWORK

The undersigned, pursuant to the provisions
set forth in the attached Warrant, hereby irrevocably elects to purchase (check applicable box):

 

	___		________ shares of the Common Stock covered by such Warrant; or

	___		the maximum number of shares of Common Stock covered by such Warrant pursuant to the
cashless exercise procedure set forth in Section 2.

 

The undersigned herewith makes payment of the
full purchase price for such shares at the price per share provided for in such Warrant, which is $___________. Such payment takes
the form of (check applicable box or boxes):

 

	___		$__________ in lawful money of the United; and/or

	___		the cancellation of such portion of the attached Warrant as is exercisable for a total
of _______ shares of Common Stock (using a Fair Market Value of $_______ per share for purposes of this calculation); and/or

	___		the cancellation of such number of shares of Common Stock as is necessary, in accordance
with the formula set forth in Section 2, to exercise this Warrant with respect to the maximum number of shares of Common
Stock purchasable pursuant to the cashless exercise procedure set forth in Section 2.

 

The undersigned requests that the certificates
for such shares be issued in the name of, and delivered to

 

 

 

 

 

whose address is _________________________________________________

______________________________________
.

 

The undersigned represents and warrants that
all offers and sales by the undersigned of the securities issuable upon exercise of the within Warrant shall be made pursuant to
registration of the Common Stock under the Securities Act of 1933, as amended (the “Securities Act”), or pursuant to
an exemption from registration under the Securities Act.

 

	Dated:___________________	
        _____________________________

        (Signature must conform to name of holder as specified on the face
        of the Warrant)

         

        _____________________________

        _____________________________

        (Address)

 

    	 

    	 

    

 

Exhibit B

 

FORM OF TRANSFEROR ENDORSEMENT

(To be signed only on transfer of Warrant)

 

For value received, the
undersigned hereby sells, assigns, and transfers unto the person(s) named below under the heading “Transferees” the
right represented by the within Warrant to purchase the percentage and number of shares of Common Stock of PLAYERS NETWORK to which
the within Warrant relates specified under the headings “Percentage Transferred” and “Number Transferred,”
respectively, opposite the name(s) of such person(s) and appoints each such person Attorney to transfer its respective right on
the books of PLAYERS NETWORK with full power of substitution in the premises.

 

	Transferees	Percentage Transferred	Number Transferred
	 	 	 
	 	 	 
	 	 	 

 

 

	
        Dated: ______________, ___________

         

         

         

        Signed in the presence of:

         

        _____________________________

        (Name)

         

         

         

         

        ACCEPTED AND AGREED:

        [TRANSFEREE]

         

        _____________________________

        (Name)
	
        _____________________________

        (Signature must conform to name of holder as specified on the face
        of the warrant)

         

         

        _____________________________

         

         

        _____________________________

        (address)

         

         

         

         

         

        _____________________________

         

         

        _____________________________

        (address)

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