Document:

Exhibit 10.02

 

CONVERTIBLE PROMISSORY NOTE

 

	Effective Date: July 24, 2015	U.S. $57,500.00

 

FOR VALUE RECEIVED,
StationDigital Corporation, a Delaware corporation (“Borrower”),
promises to pay to St. George Investments LLC, a Utah limited liability company,
or its successors or assigns (“Lender”), $57,500.00 and any interest, fees, charges, and late fees on the date
that is eight (8) months after the Purchase Price Date (the “Maturity Date”) in accordance with the terms set
forth herein and to pay interest on the Outstanding Balance at the rate of ten percent (10%) per annum from the Purchase Price
Date until the same is paid in full. This Convertible Promissory Note (this “Note”) is issued and made effective
as of July 24, 2015 (the “Effective Date”). This Note is issued pursuant to that certain Securities Purchase
Agreement dated July 24, 2015, as the same may be amended from time to time, by and between Borrower and Lender (the “Purchase
Agreement”). All interest calculations hereunder shall be computed on the basis of a 360-day year comprised of twelve
(12) thirty (30) day months, shall compound daily and shall be payable in accordance with the terms of this Note. Certain
capitalized terms used herein are defined in Attachment 1 attached hereto and incorporated herein by this reference.

 

This Note carries an
OID of $5,000.00. In addition, Borrower agrees to pay $2,500.00 to Lender to cover Lender’s legal fees, accounting costs,
due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of this Note (the “Transaction
Expense Amount”), all of which amount is included in the initial principal balance of this Note. The purchase price for
this Note and the Warrant (as defined in the Purchase Agreement) shall be $50,000.00 (the “Purchase Price”),
computed as follows: $57,500.00 original principal balance, less the OID, less the Transaction Expense Amount. The Purchase Price
shall be payable by Lender by wire transfer of immediately available funds.

 

1.          Payment;
Prepayment. Provided there is an Outstanding Balance, on each Installment Date (as defined below), Borrower shall pay to Lender
an amount equal to the Installment Amount (as defined below) due on such Installment Date in accordance with Section 8. All
payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as defined below), as provided
for herein, and delivered to Lender at the address furnished to Borrower for that purpose. All payments shall be applied first
to (a) costs of collection, if any, then to (b) fees and charges, if any, then to (c) accrued and unpaid interest, and thereafter,
to (d) principal. Notwithstanding the foregoing, so long as Borrower has not received a Lender Conversion Notice (as defined below)
or an Installment Notice (as defined below) from Lender where the applicable Conversion Shares have not yet been delivered and
so long as no Event of Default has occurred since the Effective Date (whether declared by Lender or undeclared), then Borrower
shall have the right, exercisable on not less than five (5) Trading Days prior written notice to Lender to prepay the Outstanding
Balance of this Note, in full, in accordance with this Section 1. Any notice of prepayment hereunder (an “Optional Prepayment
Notice”) shall be delivered to Lender at its registered address and shall state: (i) that Borrower is exercising its
right to prepay this Note, and (ii) the date of prepayment, which shall be not less than five (5) Trading Days from the date of
the Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”), Borrower
shall make payment of the Optional Prepayment Amount (as defined below) to or upon the order of Lender as may be specified by Lender
in writing to Borrower. If Borrower exercises its right to prepay this Note, Borrower shall make payment to Lender of an amount
in cash equal to 125% multiplied by the then Outstanding Balance of this Note (the “Optional Prepayment Amount”).
In the event Borrower delivers the Optional Prepayment Amount to Lender prior to the Optional Prepayment Date or without delivering
an Optional Prepayment Notice to Lender as set forth herein without Lender’s prior written consent, the Optional Prepayment
Amount shall not be deemed to have been paid to Lender until the Optional Prepayment Date. Moreover, in such event the Optional
Prepayment Liquidated Damages Amount will automatically be added to the Outstanding Balance of this Note on the day Borrower delivers
the Optional Prepayment Amount to Lender. In the event Borrower delivers the Optional Prepayment Amount without an Optional Prepayment
Notice, then the Optional Prepayment Date will be deemed to be the date that is five (5) Trading Days from the date that the Optional
Prepayment Amount was delivered to Lender. In addition, if Borrower delivers an Optional Prepayment Notice and fails to pay the
Optional Prepayment Amount due to Lender within two (2) Trading Days following the Optional Prepayment Date, Borrower shall forever
forfeit its right to prepay this Note.

 

    	 

    	 

    

 

2.          Security.
This Note is unsecured.

 

3.          Lender
Optional Conversion.

 

3.1.          Lender
Conversion Price. Subject to adjustment as set forth in this Note, the conversion price for each Lender Conversion (as defined
below) shall be $0.40 (the “Lender Conversion Price”). However, in the event the Market Capitalization falls
below $12,000,000.00 at any time, then in such event (a) the Lender Conversion Price for all Lender Conversions occurring after
the first date of such occurrence shall equal the lower of the Lender Conversion Price and the Market Price as of any applicable
date of Conversion, and (b) the true-up provisions of Section 11 below shall apply to all Lender Conversions that occur after the
first date the Market Capitalization falls below $12,000,000.00, provided that all references to the “Installment Notice”
in Section 11 shall be replaced with references to a “Lender Conversion Notice” for purposes of this Section 3.1, all
references to “Installment Conversion Shares” in Section 11 shall be replaced with references to “Lender Conversion
Shares” for purposes of this Section 3.1, and all references to the “Installment Conversion Price” in Section
11 shall be replaced with references to the “Lender Conversion Price” for purposes of this Section 3.1.

 

3.2.          Lender
Conversions. Lender has the right at any time after the Purchase Price Date until the Outstanding Balance has been paid in
full, including without limitation (a) until any Optional Prepayment Date (even if Lender has received an Optional Prepayment Notice)
or at any time thereafter with respect to any amount that is not prepaid, and (b) during or after any Fundamental Default Measuring
Period, at its election, to convert (each instance of conversion is referred to herein as a “Lender Conversion”)
all or any part of the Outstanding Balance into shares (“Lender Conversion Shares”) of fully paid and non-assessable
common stock, $0.0001 par value per share (“Common Stock”), of Borrower as per the following conversion formula:
the number of Lender Conversion Shares equals the amount being converted (the “Conversion Amount”) divided by
the Lender Conversion Price. Conversion notices in the form attached hereto as Exhibit A (each, a “Lender Conversion
Notice”) may be effectively delivered to Borrower by any method of Lender’s choice (including but not limited to
facsimile, email, mail, overnight courier, or personal delivery), and all Lender Conversions shall be cashless and not require
further payment from Lender. Borrower shall deliver the Lender Conversion Shares from any Lender Conversion to Lender in accordance
with Section 9 below.

 

3.3.          Application
to Installments. Notwithstanding anything to the contrary herein, including without limitation Section 8 hereof, Lender may,
in its sole discretion, apply all or any portion of any Lender Conversion toward any Installment Conversion (as defined below),
even if such Installment Conversion is pending, as determined in Lender’s sole discretion, by delivering written notice of
such election (which notice may be included as part of the applicable Lender Conversion Notice) to Borrower at any date on or prior
to the applicable Installment Date. In such event, Borrower may not elect to allocate such portion of the Installment Amount being
paid pursuant to this Section 3.3 in the manner prescribed in Section 8.3; rather, Borrower must reduce the applicable Installment
Amount by the Conversion Amount described in this Section 3.3.

 

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4.          Defaults
and Remedies.

 

4.1.          Defaults.
The following are events of default under this Note (each, an “Event of Default”): (a) Borrower shall fail to
pay any principal, interest, fees, charges, or any other amount when due and payable hereunder; or (b) Borrower shall fail to deliver
any Lender Conversion Shares in accordance with the terms hereof; or (c) Borrower shall fail to deliver any Installment Conversion
Shares (as defined below) or True-Up Shares (as defined below) in accordance with the terms hereof; or (d) a receiver, trustee
or other similar official shall be appointed over Borrower or a material part of its assets and such appointment shall remain uncontested
for twenty (20) days or shall not be dismissed or discharged within sixty (60) days; or (e) Borrower shall become insolvent or
generally fails to pay, or admits in writing its inability to pay, its debts as they become due, subject to applicable grace periods,
if any; or (f) Borrower shall make a general assignment for the benefit of creditors; or (g) Borrower shall file a petition for
relief under any bankruptcy, insolvency or similar law (domestic or foreign); or (h) an involuntary proceeding shall be commenced
or filed against Borrower; or (i) Borrower shall default or otherwise fail to observe or perform any covenant, obligation, condition
or agreement of Borrower contained herein or in any other Transaction Document (as defined in the Purchase Agreement), other than
those specifically set forth in this Section 4.1 and Section 4 of the Purchase Agreement; or (j) any representation, warranty or
other statement made or furnished by or on behalf of Borrower to Lender herein, in any Transaction Document, or otherwise in connection
with the issuance of this Note shall be false, incorrect, incomplete or misleading in any material respect when made or furnished;
or (k) the occurrence of a Fundamental Transaction without Lender’s prior written consent; or (l) Borrower shall fail to
maintain the Share Reserve as required under the Purchase Agreement; or (m) Borrower effectuates a reverse split of its Common
Stock without twenty (20) Trading Days prior written notice to Lender; or (n) any money judgment, writ or similar process shall
be entered or filed against Borrower or any subsidiary of Borrower or any of its property or other assets for more than $250,000.00,
and shall remain unvacated, unbonded or unstayed for a period of twenty (20) calendar days unless otherwise consented to by Lender;
or (o) Borrower shall fail to deliver to Lender original signature pages to all Transaction Documents within five (5) Trading Days
of the Purchase Price Date; or (p) Borrower shall fail to be DWAC Eligible; or (q) Borrower shall fail to observe or perform any
covenant set forth in Section 4 of the Purchase Agreement.

 

4.2.          Remedies.
Upon the occurrence of any Event of Default, Borrower shall within one (1) Trading Day deliver written notice thereof via facsimile,
email or reputable overnight courier (with next day delivery specified) (an “Event of Default Notice”) to Lender.
At any time and from time to time after the earlier of Lender’s receipt of an Event of Default Notice and Lender becoming
aware of the occurrence of any Event of Default, Lender may accelerate this Note by written notice to Borrower, with the Outstanding
Balance becoming immediately due and payable in cash at the Mandatory Default Amount. Notwithstanding the foregoing, at any time
following the occurrence of any Event of Default, Lender may, at its option, elect to increase the Outstanding Balance by applying
the Default Effect (subject to the limitation set forth below) via written notice to Borrower without accelerating the Outstanding
Balance, in which event the Outstanding Balance shall be increased as of the date of the occurrence of the applicable Event of
Default pursuant to the Default Effect, but the Outstanding Balance shall not be immediately due and payable unless so declared
by Lender (for the avoidance of doubt, if Lender elects to apply the Default Effect pursuant to this sentence, it shall reserve
the right to declare the Outstanding Balance immediately due and payable at any time and no such election by Lender shall be deemed
to be a waiver of its right to declare the Outstanding Balance immediately due and payable as set forth herein unless otherwise
agreed to by Lender in writing). Notwithstanding the foregoing, upon the occurrence of any Event of Default described in clauses
(d), (e), (f), (g) or (h) of Section 4.1, the Outstanding Balance as of the date of acceleration shall become immediately and automatically
due and payable in cash at the Mandatory Default Amount, without any written notice required by Lender. At any time following the
occurrence of any Event of Default, upon written notice given by Lender to Borrower, interest shall accrue on the Outstanding Balance
beginning on the date the applicable Event of Default occurred at an interest rate equal to the lesser of 22% per annum or the
maximum rate permitted under applicable law (“Default Interest”); provided, however, that no Default
Interest shall accrue during the Fundamental Default Measuring Period. Additionally, following the occurrence of any Event of Default,
Borrower may, at its option, pay any Lender Conversion in cash instead of Lender Conversion Shares by paying to Lender on or before
the applicable Delivery Date (as defined below) a cash amount equal to the number of Lender Conversion Shares set forth in the
applicable Lender Conversion Notice multiplied by the highest intra-day trading price of the Common Stock that occurs during the
period beginning on the date the applicable Event of Default occurred and ending on the date of the applicable Lender Conversion
Notice. In connection with acceleration described herein, Lender need not provide, and Borrower hereby waives, any presentment,
demand, protest or other notice of any kind, and Lender may immediately and without expiration of any grace period enforce any
and all of its rights and remedies hereunder and all other remedies available to it under applicable law. Such acceleration may
be rescinded and annulled by Lender at any time prior to payment hereunder and Lender shall have all rights as a holder of the
Note until such time, if any, as Lender receives full payment pursuant to this Section 4.2. No such rescission or annulment shall
affect any subsequent Event of Default or impair any right consequent thereon. Nothing herein shall limit Lender’s right
to pursue any other remedies available to it at law or in equity including, without limitation, a decree of specific performance
and/or injunctive relief with respect to Borrower’s failure to timely deliver Conversion Shares upon Conversion of the Notes
as required pursuant to the terms hereof.

 

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4.3.          Fundamental
Default Remedies. Notwithstanding anything to the contrary herein, in addition to all other remedies set forth herein, the
Fundamental Liquidated Damages Amount shall be added to the Outstanding Balance upon Lender’s delivery to Borrower of a notice
(which notice Lender may deliver to Borrower at any time following the occurrence of a Fundamental Default) setting forth its election
to declare a Fundamental Default and the Fundamental Liquidated Damages Amount that will be added to the Outstanding Balance.

 

4.4.          Certain
Additional Rights. Notwithstanding anything to the contrary herein, in the event Borrower fails to make any payment or otherwise
to deliver any Conversion Shares as and when required under this Note, then (a) the Lender Conversion Price for all Lender Conversions
occurring after the date of such failure to pay shall equal the lower of the Lender Conversion Price and the Market Price as of
any applicable date of Conversion, and (b) the true-up provisions of Section 11 below shall apply to all Lender Conversions that
occur after the date of such failure to pay, provided that all references to the “Installment Notice” in Section 11
shall be replaced with references to a “Lender Conversion Notice” for purposes of this Section 4.4, all references
to “Installment Conversion Shares” in Section 11 shall be replaced with references to “Lender Conversion Shares”
for purposes of this Section 4.4, and all references to the “Installment Conversion Price” in Section 11 shall be replaced
with references to the “Lender Conversion Price” for purposes of this Section 4.4. For the avoidance of doubt, Lender’s
exercise of the rights granted to it pursuant to this Section 4.4 shall not relieve Borrower of its obligation to continue paying
the Installment Amount on all future Installment Dates.

 

4.5.          Cross
Default. A breach or default by Borrower of any covenant or other term or condition contained in any Other Agreements shall,
at the option of Lender, be considered an Event of Default under this Note, in which event Lender shall be entitled (but in no
event required) to apply all rights and remedies of Lender under the terms of this Note.

 

5.          Unconditional
Obligation; No Offset. Borrower acknowledges that this Note is an unconditional, valid, binding and enforceable obligation
of Borrower not subject to offset, deduction or counterclaim of any kind. Borrower hereby waives any rights of offset it now has
or may have hereafter against Lender, its successors and assigns, and agrees to make the payments or Conversions called for herein
in accordance with the terms of this Note.

 

6.          Waiver.
No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party granting the
waiver. No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision or consent
to any other prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or
commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing.

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7.          Rights
Upon Issuance of Securities.

 

7.1.          Subsequent
Equity Sales. Except with respect to Excluded Securities, if Borrower or any subsidiary thereof, as applicable, at any time
this Note is outstanding, shall sell, issue or grant any Common Stock, option to purchase Common Stock, right to reprice, preferred
shares convertible into Common Stock, or debt, warrants, options or other instruments or securities to Lender or any third party
which are convertible into or exercisable for shares of Common Stock (collectively, the “Equity Securities”),
including without limitation any Deemed Issuance, at an effective price per share less than the then effective Lender Conversion
Price (such issuance is referred to herein as a “Dilutive Issuance”), then, the Lender Conversion Price shall
be automatically reduced and only reduced to equal such lower effective price per share. If the holder of any Equity Securities
so issued shall at any time, whether by operation of purchase price adjustments, reset provisions, floating conversion, exercise
or exchange prices or otherwise, or due to warrants, options, or rights per share which are issued in connection with such Dilutive
Issuance, be entitled to receive shares of Common Stock at an effective price per share that is less than the Lender Conversion
Price, such issuance shall be deemed to have occurred for less than the Lender Conversion Price on the date of such Dilutive Issuance,
and the then effective Lender Conversion Price shall be reduced and only reduced to equal such lower effective price per share.
Such adjustments described above to the Lender Conversion Price shall be permanent (subject to additional adjustments under this
section), and shall be made whenever such Equity Securities are issued. Borrower shall notify Lender, in writing, no later than
the Trading Day following the issuance of any Equity Securities subject to this Section 7.1, indicating therein the applicable
issuance price, or applicable reset price, exchange price, conversion price, or other pricing terms (such notice, the “Dilutive
Issuance Notice”). For purposes of clarification, whether or not Borrower provides a Dilutive Issuance Notice pursuant
to this Section 7.1, upon the occurrence of any Dilutive Issuance, on the date of such Dilutive Issuance the Lender Conversion
Price shall be lowered to equal the applicable effective price per share regardless of whether Borrower or Lender accurately refers
to such lower effective price per share in any Installment Notice or Lender Conversion Notice.

 

7.2.          Adjustment
of Lender Conversion Price upon Subdivision or Combination of Common Stock. Without limiting any provision hereof, if Borrower
at any time on or after the Effective Date subdivides (by any stock split, stock dividend, recapitalization or otherwise) one or
more classes of its outstanding shares of Common Stock into a greater number of shares, the Lender Conversion Price in effect immediately
prior to such subdivision will be proportionately reduced. Without limiting any provision hereof, if Borrower at any time on or
after the Effective Date combines (by combination, reverse stock split or otherwise) one or more classes of its outstanding shares
of Common Stock into a smaller number of shares, the Lender Conversion Price in effect immediately prior to such combination will
be proportionately increased. Any adjustment pursuant to this Section 7.2 shall become effective immediately after the effective
date of such subdivision or combination. If any event requiring an adjustment under this Section 7.2 occurs during the period that
a Lender Conversion Price is calculated hereunder, then the calculation of such Lender Conversion Price shall be adjusted appropriately
to reflect such event.

 

7.3.          Other
Events. In the event that Borrower (or any subsidiary) shall take any action to which the provisions hereof are not strictly
applicable, or, if applicable, would not operate to protect Lender from dilution or if any event occurs of the type contemplated
by the provisions of this Section 7 but not expressly provided for by such provisions (including, without limitation, the
granting of stock appreciation rights, phantom stock rights or other rights with equity features), then Borrower’s board
of directors shall in good faith determine and implement an appropriate adjustment in the Lender Conversion Price so as to protect
the rights of Lender, provided that no such adjustment pursuant to this Section 7.3 will increase the Lender Conversion Price as
otherwise determined pursuant to this Section 7, provided further that if Lender does not accept such adjustments as appropriately
protecting its interests hereunder against such dilution, then Borrower’s board of directors and Lender shall agree, in good
faith, upon an independent investment bank of nationally recognized standing to make such appropriate adjustments, whose determination
shall be final and binding and whose fees and expenses shall be borne by Borrower.

 

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8.          Borrower
Installments.

 

8.1.          Installment
Conversion Price. Subject to the adjustments set forth herein, the conversion price for each Installment Conversion (the “Installment
Conversion Price”) shall be the lesser of (a) the Lender Conversion Price, and (b) the Market Price.

 

8.2.          Installment
Conversions. Beginning on the date that is six (6) months after the Purchase Price Date and on the same day of each month thereafter
until the Maturity Date (each, an “Installment Date”), if paying in cash, Borrower shall pay to Lender the applicable
Installment Amount due on such date subject to the provisions of this Section 8, and if paying in Installment Conversion Shares
(as defined below), Borrower shall deliver such Installment Conversion Shares on or before the Delivery Date. Payments of each
Installment Amount may be made (a) in cash, or (b) by converting such Installment Amount into shares of Common Stock (“Installment
Conversion Shares”, and together with the Lender Conversion Shares, the “Conversion Shares”) in accordance
with this Section 8 (each an “Installment Conversion”) per the following formula: the number of Installment
Conversion Shares equals the portion of the applicable Installment Amount being converted divided by the Installment Conversion
Price, or (c) by any combination of the foregoing, so long as the cash is delivered to Lender on the applicable Installment Date
and the Installment Conversion Shares are delivered to Lender on or before the applicable Delivery Date. Notwithstanding the foregoing,
Borrower will not be entitled to elect an Installment Conversion with respect to any portion of any applicable Installment Amount
and shall be required to pay the entire amount of such Installment Amount in cash if on the applicable Installment Date there is
an Equity Conditions Failure, and such failure is not waived in writing by Lender. Moreover, in the event Borrower desires to pay
all or any portion of any Installment Amount in cash, it must notify Lender in writing of such election and the portion of the
applicable Installment Amount it elects to pay in cash not more than twenty-five (25) or less than fifteen (15) Trading Days prior
to the applicable Installment Date. If Borrower fails to so notify Lender, it shall not be permitted to elect to pay any portion
of such Installment Amount in cash unless otherwise agreed to by Lender in writing or proposed by Lender in an Installment Notice
delivered by Lender to Borrower. Notwithstanding that failure to repay this Note in full by the Maturity Date is an Event of Default,
the Installment Dates shall continue after the Maturity Date pursuant to this Section 8 until the Outstanding Balance is repaid
in full, provided that Lender shall, in Lender’s sole discretion, determine the Installment Amount for each Installment Date
after the Maturity Date.

 

8.3.          Allocation
of Installment Amounts. Subject to Section 8.2 regarding an Equity Conditions Failure, for each Installment Date, Borrower
may elect to allocate the amount of the applicable Installment Amount between cash and via an Installment Conversion, by email
or fax delivery of a notice to Lender substantially in the form attached hereto as Exhibit B (each, an “Installment
Notice”), provided, that to be effective, each applicable Installment Notice must be received by Lender not more than
twenty-five (25) or less than fifteen (15) Trading Days prior to the applicable Installment Date. If Lender has not received an
Installment Notice within such time period, then Lender may prepare the Installment Notice and deliver the same to Borrower by
fax or email. Following its receipt of such Installment Notice, Borrower may either ratify Lender’s proposed allocation in
the applicable Installment Notice or elect to change the allocation by written notice to Lender by email or fax on or before 12:00
p.m. New York time on the applicable Installment Date, so long as the sum of the cash payments and the amount of Installment Conversions
equal the applicable Installment Amount, provided that Lender must approve any increase to the portion of the Installment Amount
payable in cash. If Borrower fails to notify Lender of its election to change the allocation prior to the deadline set forth in
the previous sentence (and seek approval to increase the amount payable in cash), it shall be deemed to have ratified and accepted
the allocation set forth in the applicable Installment Notice prepared by Lender. If neither Borrower nor Lender prepare and deliver
to the other party an Installment Notice as outlined above, then Borrower shall be deemed to have elected that the entire Installment
Amount be converted via an Installment Conversion. Borrower acknowledges and agrees that regardless of which party prepares the
applicable Installment Notice, the amounts and calculations set forth thereon are subject to correction or adjustment because of
error, mistake, or any adjustment resulting from an Event of Default or other adjustment permitted under the Transaction Documents
(an “Adjustment”). Furthermore, no error or mistake in the preparation of such notices, or failure to apply
any Adjustment that could have been applied prior to the preparation of an Installment Notice may be deemed a waiver of Lender’s
right to enforce the terms of any Note, even if such error, mistake, or failure to include an Adjustment arises from Lender’s
own calculation. Borrower shall deliver the Installment Conversion Shares from any Installment Conversion to Lender in accordance
with Section 9 below on or before each applicable Delivery Date.

 

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9.          Method
of Conversion Share Delivery. On or before the close of business on the third (3rd) Trading Day following the Installment
Date or the third (3rd) Trading Day following the date of delivery of a Lender Conversion Notice, as applicable (the
“Delivery Date”), Borrower shall, provided it is DWAC Eligible at such time, deliver or cause its transfer agent
to deliver the applicable Conversion Shares electronically via DWAC to the account designated by Lender in the applicable Lender
Conversion Notice or Installment Notice. If Borrower is not DWAC Eligible, it shall deliver to Lender or its broker (as
designated in the Lender Conversion Notice or Installment Notice, as applicable), via reputable overnight courier, a certificate
representing the number of shares of Common Stock equal to the number of Conversion Shares to which Lender shall be entitled, registered
in the name of Lender or its designee. For the avoidance of doubt, Borrower has not met its obligation to deliver Conversion Shares
by the Delivery Date unless Lender or its broker, as applicable, has actually received the certificate representing the applicable
Conversion Shares no later than the close of business on the relevant Delivery Date pursuant to the terms set forth above.

 

10.        Conversion
Delays. If Borrower fails to deliver Conversion Shares or True-Up Shares in accordance with the timeframes stated in Sections
9 or 11, as applicable, Lender, at any time prior to selling all of those Conversion Shares or True-Up Shares, as applicable, may
rescind in whole or in part that particular Conversion attributable to the unsold Conversion Shares or True-Up Shares, with a corresponding
increase to the Outstanding Balance (any returned amount will tack back to the Purchase Price Date for purposes of determining
the holding period under Rule 144 under the Securities Act of 1933, as amended (“Rule 144”)). In addition, for
each Lender Conversion, in the event that Lender Conversion Shares are not delivered by the fourth Trading Day (inclusive of the
day of the Lender Conversion), a late fee equal to the greater of (a) $500.00 and (b) 2% of the applicable Lender Conversion Share
Value rounded to the nearest multiple of $100.00 (but in any event the cumulative amount of such late fees for each Lender Conversion
shall not exceed 200% of the applicable Lender Conversion Share Value) will be assessed for each day after the third Trading Day
(inclusive of the day of the Lender Conversion) until Lender Conversion Share delivery is made; and such late fee will be added
to the Outstanding Balance (such fees, the “Conversion Delay Late Fees”). For illustration purposes only, if
Lender delivers a Lender Conversion Notice to Borrower pursuant to which Borrower is required to deliver 100,000 Lender Conversion
Shares to Lender and on the Delivery Date such Lender Conversion Shares have a Lender Conversion Share Value of $20,000.00 (assuming
a Closing Trade Price on the Delivery Date of $0.20 per share of Common Stock), then in such event a Conversion Delay Late Fee
in the amount of $500.00 per day (the greater of $500.00 per day and $20,000.00 multiplied by 2%, which is $400.00) would be added
to the Outstanding Balance of the Note until such Lender Conversion Shares are delivered to Lender. For purposes of this example,
if the Lender Conversion Shares are delivered to Lender twenty (20) days after the applicable Delivery Date, the total Conversion
Delay Late Fees that would be added to the Outstanding Balance would be $10,000.00 (20 days multiplied by $500.00 per day). If
the Lender Conversion Shares are delivered to Lender one hundred (100) days after the applicable Delivery Date, the total Conversion
Delay Late Fees that would be added to the Outstanding Balance would be $40,000.00 (100 days multiplied by $500.00 per day, but
capped at 200% of the Lender Conversion Share Value).

 

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11.        True-Up.
On the date that is twenty (20) Trading Days (a “True-Up Date”) from each date that the Installment Conversion
Shares delivered by Borrower to Lender become Free Trading, there shall be a true-up where Borrower shall deliver to Lender additional
Installment Conversion Shares (“True-Up Shares”) if the Installment Conversion Price as of the True-Up Date
is less than the Installment Conversion Price used in the applicable Installment Notice. In such event, Borrower shall deliver
to Lender within three (3) Trading Days of the True-Up Date (the “True-Up Share Delivery Date”) a number of
True-Up Shares equal to the difference between the number of Installment Conversion Shares that would have been delivered to Lender
on the True-Up Date based on the Installment Conversion Price as of the True-Up Date and the number of Installment Conversion Shares
originally delivered to Lender pursuant to the applicable Installment Notice. For the avoidance of doubt, if the Installment Conversion
Price as of the True-Up Date is higher than the Installment Conversion Price set forth in the applicable Installment Notice, then
Borrower shall have no obligation to deliver True-Up Shares to Lender, nor shall Lender have any obligation to return any excess
Installment Conversion Shares to Borrower under any circumstance. For the convenience of Borrower only, Lender may, in its sole
discretion, deliver to Borrower a notice (pursuant to a form of notice substantially in the form attached hereto as Exhibit
C) informing Borrower of the number of True-Up Shares it is obligated to deliver to Lender as of any given True-Up Date, provided
that if Lender does not deliver any such notice, Borrower shall not be relieved of its obligation to deliver True-Up Shares pursuant
to this Section 11. Notwithstanding the foregoing, if Borrower fails to deliver any required True-Up Shares on or before any applicable
True-Up Share Delivery Date, then in such event the Outstanding Balance of this Note will automatically increase by a sum equal
to the number of True-Up Shares deliverable as of the applicable True-Up Date multiplied by the Market Price for the Common Stock
as of the applicable True-Up Date (under Lender’s and Borrower’s expectations that any such increase will tack back
to the Purchase Price Date for purposes of determining the holding period under Rule 144).

 

12.        Ownership
Limitation. Notwithstanding anything to the contrary contained in this Note or the other Transaction Documents, if at any time
Lender shall or would be issued shares of Common Stock under any of the Transaction Documents, but such issuance would cause Lender
(together with its affiliates) to beneficially own a number of shares exceeding 4.99% of the number of shares of Common Stock outstanding
on such date (including for such purpose the shares of Common Stock issuable upon such issuance) (the “Maximum Percentage”),
then Borrower must not issue to Lender shares of Common Stock which would exceed the Maximum Percentage. For purposes of this section,
beneficial ownership of Common Stock will be determined pursuant to Section 13(d) of the 1934 Act. The shares of Common Stock issuable
to Lender that would cause the Maximum Percentage to be exceeded are referred to herein as the “Ownership Limitation
Shares”. Borrower will reserve the Ownership Limitation Shares for the exclusive benefit of Lender. From time to time,
Lender may notify Borrower in writing of the number of the Ownership Limitation Shares that may be issued to Lender without causing
Lender to exceed the Maximum Percentage. Upon receipt of such notice, Borrower shall be unconditionally obligated to immediately
issue such designated shares to Lender, with a corresponding reduction in the number of the Ownership Limitation Shares. Notwithstanding
the forgoing, the term “4.99%” above shall be replaced with “9.99%” at such time as the Market Capitalization
is less than $10,000,000.00. Notwithstanding any other provision contained herein, if the term “4.99%” is replaced
with “9.99%” pursuant to the preceding sentence, such increase to “9.99%” shall remain at 9.99% until increased,
decreased or waived by Lender as set forth below. By written notice to Borrower, Lender may increase, decrease or waive the Maximum
Percentage as to itself but any such waiver will not be effective until the 61st day after delivery thereof. The foregoing 61-day
notice requirement is enforceable, unconditional and non-waivable and shall apply to all affiliates and assigns of Lender.

 

    	8

    	 

    

 

13.        Terms
of Future Financings. So long as this Note is outstanding, upon any issuance by Borrower of any security with any term more
favorable to the holder of such security or with a term in favor of the holder of such security that was not similarly provided
to Lender in this Note, then Borrower shall notify Lender of such additional or more favorable term and such term, at Lender’s
option, shall become a part of the Transaction Documents. Additionally, if Borrower fails to notify Lender of any such additional
or more favorable term, but Lender becomes aware that Borrower has granted such a term to any third party, Lender may notify Borrower
of such additional or more favorable term and such term shall become a part of the Transaction Documents retroactive to the date
on which such term was granted to the applicable third party. The types of terms contained in another security that may be more
favorable to the holder of such security include, but are not limited to, terms addressing conversion discounts, conversion lookback
periods, interest rates, OIDs, stock sale price, conversion price per share, and warrant coverage.

 

14.        Payment
of Collection Costs. If this Note is placed in the hands of an attorney for collection or enforcement prior to commencing arbitration
or legal proceedings, or is collected or enforced through any arbitration or legal proceeding, or Lender otherwise takes action
to collect amounts due under this Note or to enforce the provisions of this Note, then Borrower shall pay the costs incurred by
Lender for such collection, enforcement or action including, without limitation, attorneys’ fees and disbursements. Borrower
also agrees to pay for any costs, fees or charges of its transfer agent that are charged to Lender pursuant to any Conversion or
issuance of shares pursuant to this Note.

 

15.        Opinion
of Counsel. In the event that an opinion of counsel is needed for any matter related to this Note, Lender has the right to
have any such opinion provided by its counsel. Lender also has the right to have any such opinion provided by Borrower’s
counsel.

 

16.        Governing
Law. This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity,
interpretation and performance of this Note shall be governed by, the internal laws of the State of Utah, without giving effect
to any choice of law or conflict of law provision or rule (whether of the State of Utah or any other jurisdictions) that would
cause the application of the laws of any jurisdictions other than the State of Utah. The provisions set forth in the Purchase Agreement
to determine the proper venue for any disputes are incorporated herein by this reference.

 

17.        Resolution
of Disputes.

 

17.1.        Arbitration
of Disputes. By its acceptance of this Note, each party agrees to be bound by the Arbitration Provisions (as defined in the
Purchase Agreement) set forth as an exhibit to the Purchase Agreement.

 

17.2.        Calculation
Disputes. Notwithstanding the Arbitration Provisions, in the case of a dispute as to any Calculation (as defined in the Purchase
Agreement), such dispute will be resolved in the manner set forth in the Purchase Agreement.

 

18.        Cancellation.
After repayment or conversion of the entire Outstanding Balance (including without limitation delivery of True-Up Shares pursuant
to the payment of the final Installment Amount, if applicable), this Note shall be deemed paid in full, shall automatically be
deemed canceled, and shall not be reissued.

 

19.        Amendments.
The prior written consent of both parties hereto shall be required for any change or amendment to this Note.

 

20.     
  Assignments. Borrower may not assign this Note without the prior written consent of Lender. This Note and
any shares of Common Stock issued upon conversion of this Note may be offered, sold, assigned or transferred by Lender
without the consent of Borrower.

 

21.    
   Time is of the Essence. Time is expressly made of the essence with respect to each and every
provision of this Note and the documents and instruments entered into in connection herewith.

 

    	9

    	 

    

 

22.        Notices.
Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be given in accordance
with the subsection of the Purchase Agreement titled “Notices.”

 

23.        Liquidated
Damages. Lender and Borrower agree that in the event Borrower fails to comply with any of the terms or provisions of this Note,
Lender’s damages would be uncertain and difficult (if not impossible) to accurately estimate because of the parties’
inability to predict future interest rates, future share prices, future trading volumes and other relevant factors. Accordingly,
Lender and Borrower agree that any fees, balance adjustments, Default Interest or other charges assessed under this Note are not
penalties but instead are intended by the parties to be, and shall be deemed, liquidated damages (under Lender’s and Borrower’s
expectations that any such liquidated damages will tack back to the Purchase Price Date for purposes of determining the holding
period under Rule 144).

 

24.        Waiver
of Jury Trial. EACH OF LENDER AND BORROWER IRREVOCABLY WAIVES ANY AND ALL RIGHTS SUCH PARTY MAY HAVE TO DEMAND THAT ANY ACTION,
PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY WAY RELATED TO THIS AGREEMENT OR THE RELATIONSHIPS OF THE PARTIES HERETO BE
TRIED BY JURY. THIS WAIVER EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING UNDER COMMON LAW OR ANY APPLICABLE STATUTE,
LAW, RULE OR REGULATION. FURTHER, EACH PARTY HERETO ACKNOWLEDGES THAT SUCH PARTY IS KNOWINGLY AND VOLUNTARILY WAIVING SUCH PARTY’S
RIGHT TO DEMAND TRIAL BY JURY.

 

25.        Par
Value Adjustments. If at any time Lender delivers a Conversion Notice to Borrower and as of such date the Conversion Price
is less than the Par Value, then the Conversion Amount and the Outstanding Balance will each be deemed to have increased immediately
prior to the delivery of the Conversion Notice in an amount equal to the Par Value Adjustment Amount (the “Par Value Adjustment”).
The number of Conversion Shares deliverable pursuant to any relevant Conversion Notice following a Par Value Adjustment shall be
equal to (a) the Adjusted Conversion Amount, divided by (b) the Par Value. Lender and Borrower also agree that the Par Value Adjustment
shall occur automatically and without further action by Lender. In the event of a Par Value Adjustment, Lender will use a Conversion
Notice in substantially the form attached hereto as Exhibit D.

 

[Remainder of page intentionally left
blank; signature page follows]

 

    	10

    	 

    

 

IN WITNESS WHEREOF,
Borrower has caused this Note to be duly executed as of the Effective Date.

 

	 	BORROWER:
	 	 
	 	StationDigital Corporation
	 	 	 
	 	By: 	    /s/ Louis Rossi
	 	Name: 	   Louis Rossi
	 	Title: 	    Chief Executive Officer

 

ACKNOWLEDGED, ACCEPTED AND AGREED:

 

	LENDER:	 	 
	 	 	 
	St. George Investments LLC	 	 
	 	 	 
	By: Fife Trading, Inc., Manager	 	 

 

	 	By:	    /s/ John M. Fife	 
	 	 	John M. Fife, President	 

 

[Signature Page to
Convertible Promissory Note]

 

    	 

    	 

    

 

ATTACHMENT 1

DEFINITIONS

 

For purposes
of this Note, the following terms shall have the following meanings:

 

A1.          “Adjusted
Conversion Amount” means, with respect to any given Conversion Amount subject to a Par Value Adjustment, the sum of the
Conversion Amount plus the Par Value Adjustment Amount.

 

A2.          “Adjusted
Outstanding Balance” means the Outstanding Balance of this Note as of the date the applicable Fundamental Default occurred
less any Conversion Delay Late Fees included in such Outstanding Balance.

 

A3.          “Approved
Stock Plan” means any stock option plan which has been approved by the board of directors of Borrower and is in effect
as of the Purchase Price Date, pursuant to which Borrower’s securities may be issued to any employee, officer or director
for services provided to Borrower.

 

A4.          “Bloomberg”
means Bloomberg L.P. (or if that service is not then reporting the relevant information regarding the Common Stock, a comparable
reporting service of national reputation selected by Lender and reasonably satisfactory to Borrower).

 

A5.          “Closing
Bid Price” and “Closing Trade Price” means the last closing bid price and last closing trade price,
respectively, for the Common Stock on its principal market, as reported by Bloomberg, or, if its principal market begins to operate
on an extended hours basis and does not designate the closing bid price or the closing trade price (as the case may be) then the
last bid price or last trade price, respectively, of the Common Stock prior to 4:00:00 p.m., New York time, as reported by
Bloomberg, or, if its principal market is not the principal securities exchange or trading market for the Common Stock, the last
closing bid price or last trade price, respectively, of the Common Stock on the principal securities exchange or trading market
where the Common Stock is listed or traded as reported by Bloomberg, or if the foregoing do not apply, the last closing bid price
or last trade price, respectively, of the Common Stock in the over-the-counter market on the electronic bulletin board for the
Common Stock as reported by Bloomberg, or, if no closing bid price or last trade price, respectively, is reported for the Common
Stock by Bloomberg, the average of the bid prices, or the ask prices, respectively, of any market makers for the Common Stock as
reported by OTC Markets Group, Inc., and any successor thereto. If the Closing Bid Price or the Closing Trade Price cannot be calculated
for the Common Stock on a particular date on any of the foregoing bases, the Closing Bid Price or the Closing Trade Price (as the
case may be) of the Common Stock on such date shall be the fair market value as mutually determined by Lender and Borrower. If
Lender and Borrower are unable to agree upon the fair market value of the Common Stock, then such dispute shall be resolved in
accordance with the procedures in Section 17.2. All such determinations shall be appropriately adjusted for any stock dividend,
stock split, stock combination or other similar transaction during such period.

 

A6.          “Conversion”
means a Lender Conversion under Section 3 or an Installment Conversion under Section 8.

 

A7.          “Conversion
Factor” means 70%, subject to the following adjustments. If at any time the average of the three (3) lowest Closing Bid
Prices in the twenty (20) Trading Days immediately preceding any date of measurement is below $0.20, then in such event the then-current
Conversion Factor shall be reduced by 10% for all future Conversions (subject to other reductions set forth in this section). Additionally,
if at any time after the Effective Date, Borrower is not DWAC Eligible, then the then-current Conversion Factor will automatically
be reduced by 5% for all future Conversions. If at any time after the Effective Date, the Conversion Shares are not DTC Eligible,
then the then-current Conversion Factor will automatically be reduced by an additional 5% for all future Conversions. Finally,
in addition to the Default Effect, if any Major Default occurs after the Effective Date, the Conversion Factor shall automatically
be reduced for all future Conversions by an additional 5% for each of the first three (3) Major Defaults that occur after the Effective
Date (for the avoidance of doubt, each occurrence of any Major Default shall be deemed to be a separate occurrence for purposes
of the foregoing reductions in Conversion Factor, even if the same Major Default occurs three (3) separate times). For example,
the first time Borrower is not DWAC Eligible, the Conversion Factor for future Conversions thereafter will be reduced from 70%
to 65% for purposes of this example. Following such event, the first time the Conversion Shares are no longer DTC Eligible, the
Conversion Factor for future Conversions thereafter will be reduced from 65% to 60% for purposes of this example. If, thereafter,
there are three (3) separate occurrences of a Major Default pursuant to Section 4.1(c), then for purposes of this example the Conversion
Factor would be reduced by 5% for the first such occurrence, and so on for each of the second and third occurrences of such Major
Default.

 

    	Attachment 1 to Convertible Promissory Note, Page 1

    	 

    

 

 

A8.          “Deemed
Issuance” means an issuance of Common Stock that shall be deemed to have occurred on the latest possible permitted date
pursuant to the terms hereof or any applicable Warrant in the event Borrower fails to deliver Conversion Shares as and when required
pursuant to Section 9 of the Note or Warrant Shares (as defined in the Purchase Agreement) as and when required pursuant to the
Warrant. For the avoidance of doubt, if Borrower has elected or is deemed under Section 8.3 to have elected to pay an Installment
Amount in Installment Conversion Shares and fails to deliver such Installment Conversion Shares, such failure shall be considered
a Deemed Issuance hereunder even if an Equity Conditions Failure exists at that time or other relevant date of determination.

 

A9.          “Default
Effect” means multiplying the Outstanding Balance as of the date the applicable Event of Default occurred by (a) 15%
for each occurrence of any Major Default, or (b) 5% for each occurrence of any Minor Default, and then adding the resulting product
to the Outstanding Balance as of the date the applicable Event of Default occurred, with the sum of the foregoing then becoming
the Outstanding Balance under this Note as of the date the applicable Event of Default occurred; provided that the Default Effect
may only be applied three (3) times hereunder with respect to Major Defaults and three (3) times hereunder with respect to Minor
Defaults; and provided further that the Default Effect shall not apply to any Event of Default pursuant to Section 4.1(b) hereof.

 

A10.         “DTC”
means the Depository Trust Company.

 

A11.         “DTC
Eligible” means, with respect to the Common Stock, that such Common Stock is eligible to be deposited in certificate
form at the DTC, cleared and converted into electronic shares by the DTC and held in the name of the clearing firm servicing Lender’s
brokerage firm for the benefit of Lender.

 

A12.         “DTC/FAST
Program” means the DTC’s Fast Automated Securities Transfer program.

 

A13.         “DWAC”
means the DTC’s Deposit/Withdrawal at Custodian system.

 

A14.         “DWAC
Eligible” means that (a) Borrower’s Common Stock is eligible at DTC for full services pursuant to DTC’s operational
arrangements, including without limitation transfer through DTC’s DWAC system, (b) Borrower has been approved (without revocation)
by the DTC’s underwriting department, (c) Borrower’s transfer agent is approved as an agent in the DTC/FAST Program,
(d) the Conversion Shares are otherwise eligible for delivery via DWAC; (e) Borrower has previously delivered all Conversion Shares
to Lender via DWAC; and (f) Borrower’s transfer agent does not have a policy prohibiting or limiting delivery of the Conversion
Shares via DWAC.

 

A15.         “Equity
Conditions Failure” means that any of the following conditions has not been satisfied during any applicable Equity Conditions
Measuring Period (as defined below): (a) with respect to the applicable date of determination all of the Conversion Shares
would be freely tradable under Rule 144 or without the need for registration under any applicable federal or state securities laws
(in each case, disregarding any limitation on conversion of this Note); (b) on each day during the period beginning one month
prior to the applicable date of determination and ending on and including the applicable date of determination (the “Equity
Conditions Measuring Period”), the Common Stock is listed or designated for quotation (as applicable) on any of NYSE,
NASDAQ, OTCQX, or OTCQB (each, an “Eligible Market”) and shall not have been suspended from trading on any such
Eligible Market (other than suspensions of not more than two (2) Trading Days and occurring prior to the applicable date of
determination due to business announcements by Borrower); (c) on each day during the Equity Conditions Measuring Period, Borrower
shall have delivered all shares of Common Stock issuable upon conversion of this Note on a timely basis as set forth in Section 9
hereof and all other shares of capital stock required to be delivered by Borrower on a timely basis as set forth in the other Transaction
Documents; (d) any shares of Common Stock to be issued in connection with the event requiring determination may be issued
in full without violating Section 12 hereof (Lender acknowledges that Borrower shall be entitled to assume that this condition
has been met for all purposes hereunder absent written notice from Lender); (e) any shares of Common Stock to be issued in
connection with the event requiring determination may be issued in full without violating the rules or regulations of the Eligible
Market on which the Common Stock is then listed or designated for quotation (as applicable); (f) on each day during the Equity
Conditions Measuring Period, no public announcement of a pending, proposed or intended Fundamental Transaction shall have occurred
which has not been abandoned, terminated or consummated; (g) Borrower shall have no knowledge of any fact that would reasonably
be expected to cause any of the Conversion Shares to not be freely tradable without the need for registration under any applicable
state securities laws (in each case, disregarding any limitation on conversion of this Note); (h) on each day during the Equity
Conditions Measuring Period, Borrower otherwise shall have been in material compliance with each, and shall not have breached any,
term, provision, covenant, representation or warranty of any Transaction Document; (i) without limiting clause (j) above,
on each day during the Equity Conditions Measuring Period, there shall not have occurred an Event of Default or an event that with
the passage of time or giving of notice would constitute an Event of Default; (k) on each Installment Date, the average and median
daily dollar volume of the Common Stock on its principal market for the previous twenty (20) Trading Days shall be greater than
$5,000.00; (l) the ten (10) day average VWAP of the Common Stock is greater than $0.05, and (m) the Common Stock shall be DWAC
Eligible as of each applicable Installment Date or other date of determination.

 

    	Attachment 1 to Convertible Promissory Note, Page 2

    	 

    

 

A16.         “Excluded
Securities” means any shares of Common Stock, options, or convertible securities issued or issuable in connection with
any Approved Stock Plan; provided that the option term, exercise price or similar provisions of any issuances pursuant to
such Approved Stock Plan are not amended, modified or changed on or after the Purchase Price Date.

 

A17.         “Free
Trading” means that (a) the shares or certificate(s) representing the applicable shares of Common Stock have been cleared
and approved for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such
brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have been
deposited into such clearing firm’s account for the benefit of Lender.

 

A18.         “Fundamental
Default” means that Borrower either fails to pay the entire Outstanding Balance to Lender on or before the Maturity Date
or fails to pay the Mandatory Default Amount within three (3) Trading Days of the date Lender delivers any notice of acceleration
to Borrower pursuant to Section 4.2 of this Note.

 

A19.         “Fundamental
Default Conversion Value” means the Adjusted Outstanding Balance multiplied by the highest Fundamental Default Ratio
that occurs during the Fundamental Default Measuring Period.

 

A20.         “Fundamental
Default Measuring Period” means a number of months equal to the Outstanding Balance as of the date the Fundamental Default
occurred divided by the Installment Amount, with such number being rounded up to the next whole month; provided, however,
that if Borrower repays the entire Outstanding Balance prior to the conclusion of the Fundamental Default Measuring Period, the
Fundamental Default Measuring Period shall end on the date of repayment. For illustration purposes only, if the Outstanding Balance
were equal to $125,000.00 as of the date a Fundamental Default occurred and if the Installment Amount were $28,500.00, then the
Fundamental Default Measuring Period would equal five (5) months calculated as follows: $125,000.00/$28,500.00 equals 4.386, rounded
up to five (5).

 

A21.         “Fundamental
Default Ratio” means a ratio that will be calculated on each Trading Day during the Fundamental Default Measuring Period
by dividing the Closing Trade Price for the Common Stock on a given Trading Day by the Lender Conversion Price (as adjusted pursuant
to the terms hereof) in effect for such Trading Day.

 

A22.         “Fundamental
Liquidated Damages Amount” means the greater of (a) (i) the quotient of the Outstanding Balance on the date the Fundamental
Default occurred divided by the then-current Conversion Factor, minus (ii) the Outstanding Balance on the date the Fundamental
Default occurred, or (b) the Fundamental Default Conversion Value.

 

A23.         “Fundamental
Transaction” means that (a) (i) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more
related transactions, consolidate or merge with or into (whether or not Borrower or any of its subsidiaries is the surviving corporation)
any other person or entity, or (ii) Borrower or any of its subsidiaries shall, directly or indirectly, in one or more related
transactions, sell, lease, license, assign, transfer, convey or otherwise dispose of all or substantially all of its respective
properties or assets to any other person or entity, or (iii) Borrower or any of its subsidiaries shall, directly or indirectly,
in one or more related transactions, allow any other person or entity to make a purchase, tender or exchange offer that is accepted
by the holders of more than 50% of the outstanding shares of voting stock of Borrower (not including any shares of voting stock
of Borrower held by the person or persons making or party to, or associated or affiliated with the persons or entities making or
party to, such purchase, tender or exchange offer), or (iv) Borrower or any of its subsidiaries shall, directly or indirectly,
in one or more related transactions, consummate a stock or share purchase agreement or other business combination (including, without
limitation, a reorganization, recapitalization, spin-off or scheme of arrangement) with any other person or entity whereby such
other person or entity acquires more than 50% of the outstanding shares of voting stock of Borrower (not including any shares of
voting stock of Borrower held by the other persons or entities making or party to, or associated or affiliated with the other persons
or entities making or party to, such stock or share purchase agreement or other business combination), or (v) Borrower or
any of its subsidiaries shall, directly or indirectly, in one or more related transactions, reorganize, recapitalize or reclassify
the Common Stock, other than an increase in the number of authorized shares of Borrower’s Common Stock, or (b) any “person”
or “group” (as these terms are used for purposes of Sections 13(d) and 14(d) of the 1934 Act and the rules and regulations
promulgated thereunder) is or shall become the “beneficial owner” (as defined in Rule 13d-3 under the 1934 Act),
directly or indirectly, of 50% of the aggregate ordinary voting power represented by issued and outstanding voting stock of Borrower.

 

    	Attachment 1 to Convertible Promissory Note, Page 3

    	 

    

 

A24.         “Installment
Amount” means the greater of (a) $19,166.67 ($57,500.00 ÷ 3), plus the sum of any accrued and unpaid interest
as of the applicable Installment Date, and accrued and unpaid late charges, if any, under this Note as of the applicable Installment
Date, and any other amounts accruing or owing to Lender under this Note as of such Installment Date, and (b) the then Outstanding
Balance divided by the number of Installment Dates remaining prior to the Maturity Date.

 

A25.         “Lender
Conversion Share Value” means the product of the number of Lender Conversion Shares deliverable pursuant to any Lender
Conversion multiplied by the Closing Trade Price of the Common Stock on the Delivery Date for such Lender Conversion.

 

A26.         “Major
Default” means any Event of Default occurring under Sections 4.1(a) (payments), or 4.1(c) (delivery of Installment Conversion
Shares or True-Up Shares), or 4.1(l) (Share Reserve), or 4.1(q) (breach of certain covenants) of this Note.

 

A27.         “Mandatory
Default Amount” means the greater of (a) the Outstanding Balance divided by the Installment Conversion Price on the date
the Mandatory Default Amount is demanded, multiplied by the VWAP on the date the Mandatory Default Amount is demanded, or (b) the
Outstanding Balance following the application of the Default Effect.

 

A28.         “Market
Capitalization” means the product equal to (a) the average VWAP of the Common Stock for the immediately preceding fifteen
(15) Trading Days, multiplied by (b) the aggregate number of outstanding shares of Common Stock as reported on Borrower’s
most recently filed Form 10-Q or Form 10-K.

 

A29.         “Market
Price” means the Conversion Factor multiplied by the average of the three (3) lowest Closing Bid Prices in the twenty
(20) Trading Days immediately preceding the applicable Conversion.

 

A30.         “Minor
Default” means any Event of Default that is not a Major Default or a Fundamental Default.

 

A31.         “OID”
means an original issue discount.

 

A32.         “Optional
Prepayment Liquidated Damages Amount” means an amount equal to the difference between (a) the product of (i) the number
of shares of Common Stock obtained by dividing (1) the applicable Optional Prepayment Amount by (2) the Lender Conversion Price
as of the date Borrower delivered the applicable Optional Prepayment Amount to Lender, multiplied by (ii) the Closing Trade Price
of the Common Stock on the date Borrower delivered the applicable Optional Prepayment Amount to Lender, and (b) the applicable
Optional Prepayment Amount paid by Borrower to Lender. For illustration purposes only, if the applicable Optional Prepayment Amount
were $50,000.00, the Lender Conversion Price as of the date the Optional Prepayment Amount was paid to Lender was equal to $0.75
per share of Common Stock, and the Closing Trade Price of a share of Common Stock as of such date was equal to $1.00, then the
Optional Prepayment Liquidated Damages Amount would equal $16,666.67 computed as follows: (a) $66,666.67 (calculated as (i) (1)
$50,000.00 divided by (2) $0.75 multiplied by (ii) $1.00) minus (b) $50,000.00.

 

A33.         “Other
Agreements” means, collectively, (a) all existing and future agreements and instruments between, among or by Borrower
(or an affiliate), on the one hand, and Lender (or an affiliate), on the other hand, and (b) any financing agreement or a material
agreement that affects Borrower’s ongoing business operations.

 

A34.         “Outstanding
Balance” means as of any date of determination, the Purchase Price, as reduced or increased, as the case may be, pursuant
to the terms hereof for payment, Conversion, offset, or otherwise, plus the OID, the Transaction Expense Amount, accrued but unpaid
interest, collection and enforcements costs (including attorneys’ fees) incurred by Lender, transfer, stamp, issuance and
similar taxes and fees related to Conversions, and any other fees or charges (including without limitation Conversion Delay Late
Fees) incurred under this Note.

 

A35.         “Par
Value” means the par value of the Common Stock on any relevant date of determination. The Par Value as of the Effective
Date is $0.001.

 

A36.         “Par
Value Adjustment Amount” means an amount added to both the Conversion Amount and the Outstanding Balance pursuant to
Section 25, calculated as follows: (a) the number of Conversion Shares deliverable under a particular Conversion Notice (prior
to any Par Value Adjustment) multiplied by the Par Value, less (b) the Conversion Amount (prior to any Par Value Adjustment). For
illustration purposes only, if for a given Conversion, the Conversion Amount was $20,000, the Conversion Price was $0.0008 and
the Par Value was $0.001 then the Par Value Adjustment Amount would be $5,000.00 (25,000,000 Conversion Shares ($20,000.00/$0.0008)
multiplied by the Par Value of $0.001 ($25,000.00) minus the Conversion Amount of $20,000.00 equals $5,000.00).

 

    	Attachment 1 to Convertible Promissory Note, Page 4

    	 

    

 

A37.         “Purchase
Price Date” means the date the Purchase Price is delivered by Lender to Borrower.

 

A38.         “Trading
Day” means any day on which the Common Stock is traded or tradable for any period on the Common Stock’s principal
market, or on the principal securities exchange or other securities market on which the Common Stock is then being traded.

 

A39.         “VWAP”
means the volume weighted average price of the Common stock on the principal market for a particular Trading Day or set of Trading
Days, as the case may be, as reported by Bloomberg.

 

    	Attachment 1 to Convertible Promissory Note, Page 5

    	 

    

 

EXHIBIT A

 

St. George Investments LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

	StationDigital Corporation	Date:	 
	Attn: Louis R. Rossi, CEO 	 	 
	Highlands Park Two, 5700 Oakland Ave, #200	 	 
	St. Louis, Missouri 63110	 	 

 

LENDER CONVERSION NOTICE

 

The above-captioned
Lender hereby gives notice to StationDigital Corporation, a Delaware corporation (the “Borrower”), pursuant
to that certain Convertible Promissory Note made by Borrower in favor of Lender on July 24, 2015 (the “Note”),
that Lender elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common
Stock of Borrower as of the date of conversion specified below. Said conversion shall be based on the Lender Conversion Price set
forth below. In the event of a conflict between this Lender Conversion Notice and the Note, the Note shall govern, or, in the alternative,
at the election of Lender in its sole discretion, Lender may provide a new form of Lender Conversion Notice to conform to the Note.
Capitalized terms used in this notice without definition shall have the meanings given to them in the Note.

  

	 	A.	Date of Conversion:	 	 

	 	B.	Lender Conversion #:	 	 

	 	C.	Conversion Amount:	 	 

	 	D.	Lender Conversion Price: 	 	 

	 	E.	Lender Conversion Shares: 	 	(C divided by D)

	 	F.	Remaining Outstanding Balance of Note:	 	*

  

* Subject to adjustments for corrections,
defaults, interest and other adjustments permitted by the Transaction Documents (as defined in the Purchase Agreement), the terms
of which shall control in the event of any dispute between the terms of this Lender Conversion Notice and such Transaction Documents.

 

$_________________ of the Conversion Amount
converted hereunder shall be deducted from the Installment Amount(s) relating to the following Installment Date(s): __________________________________________.

 

Please transfer the Lender Conversion
Shares electronically (via DWAC) to the following account:

	Broker:  	 	 	Address:	 	 
	DTC#:  	 	 	 	 	 
	Account #:  	 	 	 	 	 
	Account Name:  	 	 	 	 	 

 

To the extent the
Lender Conversion Shares are not able to be delivered to Lender electronically via the DWAC system, deliver all such certificated
shares to Lender via reputable overnight courier after receipt of this Lender Conversion Notice (by facsimile transmission or otherwise)
to:

	 	 	 
	 	 	 
	 	 	 

 

    	Exhibit A to Convertible Promissory Note, Page 1

    	 

    

 

 

	Sincerely,
	 
	Lender:
	 
	St. George Investments LLC
	 
	By: Fife Trading, Inc., Manager

 

	 	By:	 	 
	 	 	John M. Fife, President	 

 

    	Exhibit A to Convertible Promissory Note, Page 2

    	 

    

 

EXHIBIT B

 

StationDigital Corporation

Highlands Park Two, 5700 Oakland Ave, #200

St. Louis, Missouri 63110

 

	St. George Investments LLC	Date:	 
	Attn: John Fife	 	 
	303 East Wacker Drive, Suite 1040	 	 
	Chicago, Illinois 60601	 	 

 

INSTALLMENT NOTICE

 

The above-captioned Borrower hereby gives
notice to St. George Investments LLC, a Utah limited liability company (the “Lender”), pursuant to that certain
Convertible Promissory Note made by Borrower in favor of Lender on July 24, 2015 (the “Note”), of certain Borrower
elections and certifications related to payment of the Installment Amount of $_________________ due on ___________, 201_ (the “Installment
Date”). In the event of a conflict between this Installment Notice and the Note, the Note shall govern, or, in the alternative,
at the election of Lender in its sole discretion, Lender may provide a new form of Installment Notice to conform to the Note. Capitalized
terms used in this notice without definition shall have the meanings given to them in the Note.

 

INSTALLMENT CONVERSION AND CERTIFICATIONS

AS OF THE INSTALLMENT DATE

 

A.           INSTALLMENT
CONVERSION

 

		A.	Installment Date: ____________, 201_

		B.	Installment Amount:   ____________

		C.	Portion of Installment Amount to be Paid in Cash: ____________

		D.	Portion of Installment Amount to be Converted into Common
Stock: ____________ (B minus C)

		E.	Installment Conversion Price: _______________ (lower of
(i) Lender Conversion Price in effect and (ii) Market Price as of Installment Date)

		F.	Installment Conversion Shares: _______________ (D divided
by E)

		G.	Remaining Outstanding Balance of Note: ____________ *

 

* Subject to adjustments for corrections,
defaults, interest and other adjustments permitted by the Transaction Documents (as defined in the Purchase Agreement), the terms
of which shall control in the event of any dispute between the terms of this Installment Notice and such Transaction Documents.

 

B.           EQUITY
CONDITIONS CERTIFICATION

 

1.           Market
Capitalization:________________

 

(Check One)

 

2.     _________
Borrower herby certifies that no Equity Conditions Failure exists as of the Installment Date.

 

3.     _________
Borrower hereby gives notice that an Equity Conditions Failure has occurred and requests a waiver from Lender with respect thereto.
The Equity Conditions Failure is as follows:

 

    	Exhibit B to Convertible Promissory Note, Page 1

    	 

    

   

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

Sincerely,

 

Borrower:

 

StationDigital
Corporation

 

	By:	 	 
	 	 	 
	Name:	 	 
	 	 	 
	Title:	 	 

 

ACKNOWLEDGED AND CERTIFIED
BY:

 

Lender:

 

St.
George Investments LLC

 

By: Fife Trading, Inc., Manager

 

	 	By:	 	 
	 	 	John M. Fife, President	 

 

    	Exhibit B to Convertible Promissory Note, Page 2

    	 

    

 

EXHIBIT C

 

St. George Investments LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

	StationDigital Corporation	Date:	 
	Attn: Louis R. Rossi, CEO	 	 
	Highlands Park Two, 5700 Oakland Ave, #200	 	 
	St. Louis, Missouri 63110	 	 

 

TRUE-UP NOTICE

 

The above-captioned Lender hereby gives
notice to StationDigital Corporation, a Delaware corporation (the “Borrower”), pursuant to that certain Convertible
Promissory Note made by Borrower in favor of Lender on July 24, 2015 (the “Note”), of True-Up Conversion Shares
related to _____________, 201_ (the “Installment Date”). In the event of a conflict between this True-Up Notice
and the Note, the Note shall govern, or, in the alternative, at the election of Lender in its sole discretion, Lender may provide
a new form of True-Up Notice to conform to the Note. Capitalized terms used in this notice without definition shall have the meanings
given to them in the Note.

 

TRUE-UP CONVERSION SHARES
AND CERTIFICATIONS

AS OF THE TRUE-UP DATE

 

1.          TRUE-UP
CONVERSION SHARES

 

		A.	Installment Date: ____________, 201_

 

		B.	True-Up Date: ____________, 201_

 

		C.	Portion of Installment Amount Converted into Common Stock:
_____________

 

		D.	True-Up Conversion Price: _______________ (lower of (i)
Lender Conversion Price in effect and (ii) Market Price as of True-Up Date)

 

		E.	True-Up Conversion Shares: _______________ (C divided by
D)

 

		F.	Installment Conversion Shares Delivered: ________________

 

		G.	True-Up Conversion Shares to be Delivered: ________________
(only applicable if E minus F is greater than zero)

 

2.          EQUITY
CONDITIONS CERTIFICATION (Section to be completed by Borrower)

 

A.           Market
Capitalization:________________

 

(Check One)

 

B.     ____________
Borrower herby certifies that no Equity Conditions Failure exists as of the applicable True-Up Date.

 

C.     ____________
Borrower hereby gives notice that an Equity Conditions Failure has occurred and requests a waiver from Lender with respect thereto.
The Equity Conditions Failure is as follows:

 

    	Exhibit C to Convertible Promissory Note, Page 1

    	 

    

  

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

Sincerely,

 

Lender:

 

St.
George Investments LLC

 

By: Fife Trading, Inc., Manager

 

	 	By:	 	 
	 	 	John M. Fife, President	 

 

    	Exhibit C to Convertible Promissory Note, Page 2

    	 

    

 

EXHIBIT D

 

St. George Investments LLC

303 East Wacker Drive, Suite 1040

Chicago, Illinois 60601

 

	StationDigital Corporation	Date:	 
	Attn: Louis R. Rossi, CEO 	 	 
	Highlands Park Two, 5700 Oakland Ave, #200	 	 
	St. Louis, Missouri 63110	 	 

 

LENDER CONVERSION NOTICE

 

The above-captioned
Lender hereby gives notice to StationDigital Corporation, a Delaware corporation (the “Borrower”), pursuant
to that certain Convertible Promissory Note made by Borrower in favor of Lender on July 24, 2015 (the “Note”),
that Lender elects to convert the portion of the Note balance set forth below into fully paid and non-assessable shares of Common
Stock of Borrower as of the date of conversion specified below. Said conversion shall be based on the Conversion Price set forth
below. In the event of a conflict between this Conversion Notice and the Note, the Note shall govern, or, in the alternative, at
the election of Lender in its sole discretion, Lender may provide a new form of Conversion Notice to conform to the Note. Capitalized
terms used in this notice without definition shall have the meanings given to them in the Note.

 

		A.	Date of Conversion: ____________

		B.	Lender Conversion #:  ____________

		C.	Conversion Amount: ____________

		D.	Par Value Adjustment Amount: ____________ 

		E.	Adjusted Conversion Amount: _______________ (C plus D)

		F.	Lender Conversion Price: _______________ (Par Value)
	 	G.	Lender Conversion Shares: _______________ (E divided by F)

		H.	Remaining Outstanding Balance of Note: ____________ *

  

* Subject to adjustments for corrections,
defaults, interest and other adjustments permitted by the Transaction Documents (as defined in the Purchase Agreement), the terms
of which shall control in the event of any dispute between the terms of this Lender Conversion Notice and such Transaction Documents.

 

$_________________ of the Conversion Amount
converted hereunder shall be deducted from the Installment Amount(s) relating to the following Installment Date(s): __________________________________________.

 

Please transfer the Lender Conversion
Shares electronically (via DWAC) to the following account:

 

	Broker:  	 	 	Address:	 	 
	DTC#:  	 	 	 	 	 
	Account #:  	 	 	 	 	 
	Account Name:  	 	 	 	 	 

 

To the extent the
Lender Conversion Shares are not able to be delivered to Lender electronically via the DWAC system, deliver all such certificated
shares to Lender via reputable overnight courier after receipt of this Lender Conversion Notice (by facsimile transmission or otherwise)
to:

 

	 	 	 
	 	 	 
	 	 	 

 

    	Exhibit D to Convertible Promissory Note, Page 1

    	 

    

 

Sincerely,

 

Lender:

 

St.
George Investments LLC

 

By: Fife Trading, Inc., Manager

 

	 	By:	 	 
	 	 	John M. Fife, President	 

 

    	Exhibit D to Convertible Promissory Note, Page 2Exhibit 10.03

 

THIS WARRANT AND THE COMMON STOCK ISSUABLE
UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON
STOCK ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY
SATISFACTORY TO STATIONDIGITAL CORPORATION THAT SUCH REGISTRATION IS NOT REQUIRED.

 

STATIONDIGITAL CORPORATION

 

WARRANT TO PURCHASE SHARES OF COMMON STOCK

 

1.           Issuance.
In consideration of good and valuable consideration as set forth in the Purchase Agreement (as defined below), including without
limitation the Purchase Price (as defined in the Purchase Agreement), the receipt and sufficiency of which are hereby acknowledged
by StationDigital Corporation, a Delaware corporation (“Company”);
St. George Investments LLC, a Utah limited liability company, its successors and/or
registered assigns (“Investor”), is hereby granted the right to purchase at any time on or after the Issue Date
(as defined below) until the date which is the last calendar day of the month in which the fifth anniversary of the Issue Date
occurs (the “Expiration Date”), a number of fully paid and non-assessable shares (the “Warrant Shares”)
of Company’s common stock, par value $0.0001 per share (the “Common Stock”), equal to $28,750.00 divided
by the Market Price (as defined in the Note, as of the Issue Date), as such number may be adjusted from time to time pursuant to
the terms and conditions of this Warrant to Purchase Shares of Common Stock (this “Warrant”). This Warrant is
being issued pursuant to the terms of that certain Securities Purchase Agreement dated July 24, 2015, to which Company and Investor
are parties (as the same may be amended from time to time, the “Purchase Agreement”). This Warrant was issued
to Investor on July 24, 2015 (the “Issue Date”).

 

2.           Exercise
of Warrant.

 

2.1.         General.

 

(a)          This
Warrant is exercisable in whole or in part at any time and from time to time commencing on the Issue Date and ending on the Expiration
Date. Such exercise shall be effectuated by submitting to Company (either by delivery to Company or by email or facsimile transmission)
a completed and duly executed Notice of Exercise substantially in the form attached to this Warrant as Exhibit A (the “Notice
of Exercise”). The date a Notice of Exercise is either faxed, emailed or delivered to Company shall be the “Exercise
Date,” provided that, if such exercise represents the full exercise of the outstanding balance of this Warrant, Investor
shall tender this Warrant to Company within five (5) Trading Days thereafter, but only if the Delivery Shares (as defined below)
to be delivered pursuant to the Notice of Exercise have been delivered to Investor as of such date. The Notice of Exercise shall
be executed by Investor and shall indicate (i) the number of Delivery Shares to be issued pursuant to such exercise, and (ii) if
applicable (as provided below), whether the exercise is a cashless exercise.

 

For purposes of this
Warrant, the term “Trading Day” means any day during which the principal market on which the Common Stock is
traded (the “Principal Market”) shall be open for business.

 

    	1

    	 

    

  

(b)          Notwithstanding
any other provision contained herein or in any other Transaction Document to the contrary, at any time prior to the Expiration
Date, Investor may elect a “cashless” exercise of this Warrant for any Warrant Shares whereby Investor shall be entitled
to receive a number of shares of Common Stock equal to (i) the excess of the Current Market Value (as defined below) over the aggregate
Exercise Price of the Exercise Shares (as defined below), divided by (ii) the Adjusted Price (as defined below) of the Common Stock.

 

For the purposes of
this Warrant, the following terms shall have the following meanings:

 

“Adjusted
Price” shall mean the lower of (i) the Lender Conversion Price (as defined in the Note), as such Lender Conversion Price
may be adjusted from time to time pursuant to the terms of the Note (solely for the purpose of determining the then-current Lender
Conversion Price under this definition of “Adjusted Price,” each cashless exercise of this Warrant shall be deemed
a conversion under the Note), and (ii) the Market Price (as defined in the Note), without regard to whether the Note remains outstanding
or has been fully repaid, cancelled or otherwise retired, on any relevant Exercise Date.

 

“Current Market
Value” shall mean an amount equal to the Trade Price (as defined below) of the Common Stock, multiplied by the number
of Exercise Shares specified in the applicable Notice of Exercise.

 

“Closing Price”
shall mean the 4:00 P.M. last sale price of the Common Stock on the Principal Market on the relevant Trading Day(s), as reported
by Bloomberg L.P. (or if that service is not then reporting the relevant information regarding the Common Stock, a comparable reporting
service of national reputation selected by Investor and reasonably acceptable to Company) (“Bloomberg”) for
the relevant date.

 

“Delivery
Shares” means those shares of Common Stock issuable and deliverable upon the exercise of this Warrant.

 

“Exercise
Price” shall mean $0.40 per share of Common Stock, as the same may be adjusted from time to time pursuant to the terms
and conditions of this Warrant.

 

“Exercise
Shares” shall mean those Warrant Shares subject to an exercise of this Warrant by Investor. By way of illustration only
and without limiting the foregoing, if (i) this Warrant is initially exercisable for 4,180,000 Warrant Shares and Investor has
not previously exercised this Warrant, and (ii) Investor were to make a cashless exercise with respect to 5,000 Warrant Shares
pursuant to which 6,000 Delivery Shares would be issuable to Investor, then (1) this Warrant shall be deemed to have been exercised
with respect to 5,000 Exercise Shares, (2) this Warrant would remain exercisable for 4,175,000 Warrant Shares, and (3) this Warrant
shall be deemed to have been exercised with respect to 6,000 Delivery Shares.

 

“Note”
shall mean that certain Convertible Promissory Note issued by Company to Investor pursuant to the Purchase Agreement, as the same
may be amended from time to time, and including any promissory note(s) that replace or are exchanged for such referenced promissory
note.

 

“Trade Price”
shall mean the higher of: (i) the Closing Price of the Common Stock on the Issue Date; and (ii) the VWAP (as defined below) of
the Common Stock for the Trading Day that is two (2) Trading Days prior to the Exercise Date.

 

    	2

    	 

    

  

“Transaction
Documents” or “Transaction Document” shall have the meaning set forth in the Purchase Agreement.

 

“VWAP”
shall mean the volume-weighted average price of the Common Stock on the Principal Market for a particular Trading Day or set of
Trading Days, as the case may be, as reported by Bloomberg.

 

(c)          If
the Notice of Exercise form elects a “cash” exercise (or if the cashless exercise referred to in the immediately preceding
subsection (b) is not available in accordance with the terms hereof), the Exercise Price per share of Common Stock for the Delivery
Shares shall be payable, at the election of Investor, in cash or by certified or official bank check or by wire transfer in accordance
with instructions provided by Company at the request of Investor.

 

(d)          Upon
the appropriate payment to Company, if any, of the Exercise Price for the Delivery Shares, Company shall promptly, but in no case
later than the date that is three (3) Trading Days following the date the Exercise Price is paid to Company (or with respect to
a “cashless exercise,” the date that is three (3) Trading Days following the Exercise Date) (the “Delivery
Date”), deliver or cause Company’s Transfer Agent to deliver the applicable Delivery Shares electronically via
the Deposit/Withdrawal at Custodian (“DWAC”) system to the account designated by Investor on the Notice of Exercise.
If for any reason Company is not able to so deliver the Delivery Shares via the DWAC system, notwithstanding its best efforts to
do so, such shall constitute a breach of this Warrant (and thus an Event of Default under the Note), and Company shall instead,
on or before the applicable date set forth above in this subsection, issue and deliver to Investor or its broker (as designated
in the Notice of Exercise), via reputable overnight courier, a certificate, registered in the name of Investor or its designee,
representing the applicable number of Delivery Shares. For the avoidance of doubt, Company has not met its obligation to deliver
Delivery Shares within the required timeframe set forth above unless Investor or its broker, as applicable, has actually received
the Delivery Shares (whether electronically or in certificated form) no later than the close of business on the latest possible
delivery date pursuant to the terms set forth above.

 

(e)          If
Delivery Shares are delivered later than as required under subsection (d) immediately above, Company agrees to pay, in addition
to all other remedies available to Investor in the Transaction Documents, a late charge equal to the greater of (i) $500.00 and
(ii) 2% of the product of (1) the sum of the number of shares of Common Stock not issued to Investor on a timely basis and
to which Investor is entitled multiplied by (2) the closing bid price of the Common Stock on the Trading Day immediately preceding
the last possible date which Company could have issued such shares of Common Stock to Investor without violating this Warrant,
per Trading Day until such Delivery Shares are delivered (the “Late Fees”). Company shall pay any Late Fees
incurred under this subsection in immediately available funds upon demand; provided, however, that, at the option of Investor
(without notice to Company), such amount owed may be added to the principal amount of the Note. Furthermore, in addition to any
other remedies which may be available to Investor, in the event that Company fails for any reason to effect delivery of the Delivery
Shares as required under subsection (d) immediately above, Investor may revoke all or part of the relevant Warrant exercise by
delivery of a notice to such effect to Company, whereupon Company and Investor shall each be restored to their respective positions
immediately prior to the exercise of the relevant portion of this Warrant, except that the Late Fees described above shall be payable
through the date notice of revocation or rescission is given to Company. Finally, as liquidated damages in the event Company fails
to deliver any Delivery Shares to Investor for a period of ninety (90) days from the Delivery Date, Investor may elect, in its
sole discretion, to stop the accumulation of the Late Fees as of such date and require Company to pay to Investor a cash amount
equal to (i) the total amount of all Late Fees that have accumulated prior to the date of Investor’s election, plus (ii)
the product of the number of Delivery Shares deliverable to Investor on such date if it were to exercise this Warrant with respect
to the remaining number of Exercise Shares as of such date multiplied by the Closing Price of the Common Stock on the Delivery
Date (the “Cash Settlement Amount”). At such time that Investor makes an election to require Company to pay
to it the Cash Settlement Amount, such obligation of Company shall be a valid and binding obligation of Company and shall for all
purposes be deemed to be a debt obligation of Company owed to Investor as of the date it makes such election. Upon Company’s
payment of the Cash Settlement Amount to Investor, this Warrant shall be deemed to have been satisfied and Investor shall return
the original Warrant to Company for cancellation. In addition, and for the avoidance of doubt, even if Company could not deliver
the number of Delivery Shares deliverable to Investor if it were to exercise this Warrant with respect to the remaining number
of Exercise Shares on the date of repayment due to the provisions of Section 2.2, the provisions of Section 2.2 will not apply
with respect to Company’s payment of the Cash Settlement Amount.

 

    	3

    	 

    

  

(f)          Investor
shall be deemed to be the holder of the Delivery Shares issuable to it in accordance with the provisions of this Section 2.1 on
the Exercise Date.

 

2.2.          Ownership
Limitation. Notwithstanding anything to the contrary contained in this Warrant or the other Transaction Documents, if at any
time Investor shall or would be issued shares of Common Stock under any of the Transaction Documents, but such issuance would cause
Investor (together with its affiliates) to own a number of shares exceeding 4.99% of the number of shares of Common Stock outstanding
on such date (the “Maximum Percentage”), Company must not issue to Investor shares of Common Stock which would
exceed the Maximum Percentage. The shares of Common Stock issuable to Investor that would cause the Maximum Percentage to be exceeded
are referred to herein as the “Ownership Limitation Shares”. Company will reserve the Ownership
Limitation Shares for the exclusive benefit of Investor. From time to time, Investor may notify Company in writing of the number
of the Ownership Limitation Shares that may be issued to Investor without causing Investor to exceed the Maximum Percentage. Upon
receipt of such notice, Company shall be unconditionally obligated to immediately issue such designated shares to Investor, with
a corresponding reduction in the number of the Ownership Limitation Shares. Notwithstanding the forgoing, the term “4.99%”
above shall be replaced with “9.99%” at such time as the Market Capitalization of the Common Stock is less than $10,000,000.00.
Notwithstanding any other provision contained herein, if the term “4.99%” is replaced with “9.99%” pursuant
to the preceding sentence, such change to “9.99%” shall be permanent. For purposes of this Warrant, the term “Market
Capitalization of the Common Stock” shall mean the product equal to (A) the average VWAP of the Common Stock for the
immediately preceding fifteen (15) Trading Days, multiplied by (B) the aggregate number of outstanding shares of Common Stock as
reported on Company’s most recently filed Form 10-Q or Form 10-K. By written notice to Company, Investor may increase, decrease
or waive the Maximum Percentage as to itself but any such waiver will not be effective until the 61st day after delivery thereof.
The foregoing 61-day notice requirement is enforceable, unconditional and non-waivable and shall apply to all affiliates and assigns
of Investor.

 

3.          Mutilation
or Loss of Warrant. Upon receipt by Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of
this Warrant, and (in the case of loss, theft or destruction) receipt of reasonably satisfactory indemnification, and (in the case
of mutilation) upon surrender and cancellation of this Warrant, Company will execute and deliver to Investor a new Warrant of like
tenor and date and any such lost, stolen, destroyed or mutilated Warrant shall thereupon become void.

 

    	4

    	 

    

  

4.           Rights
of Investor. Investor shall not, by virtue of this Warrant alone, be entitled to any rights of a stockholder in Company, either
at law or in equity, and the rights of Investor with respect to or arising under this Warrant are limited to those expressed in
this Warrant and are not enforceable against Company except to the extent set forth herein.

 

5.           Protection
Against Dilution and Other Adjustments.

 

5.1.          Capital
Adjustments. If Company shall at any time prior to the expiration of this Warrant subdivide the Common Stock, by split-up or
stock split, or otherwise, or combine its Common Stock, or issue additional shares of its Common Stock as a dividend, the number
of Warrant Shares issuable upon the exercise of this Warrant shall forthwith be automatically increased proportionately in the
case of a subdivision, split or stock dividend, or proportionately decreased in the case of a combination. Appropriate adjustments
shall also be made to the Exercise Price, Lender Conversion Price (in the event of a cashless exercise), and other applicable amounts,
but the aggregate purchase price payable for the total number of Warrant Shares purchasable under this Warrant (as adjusted) shall
remain the same. Any adjustment under this Section 5.1 shall become effective automatically at the close of business on the
date the subdivision or combination becomes effective, or as of the record date of such dividend, or in the event that no record
date is fixed, upon the making of such dividend.

 

5.2.          Reclassification,
Reorganization and Consolidation. In case of any reclassification, capital reorganization, or change in the capital stock of
Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 5.1 above), then
Company shall make appropriate provision so that Investor shall have the right at any time prior to the expiration of this Warrant
to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind and amount of shares of stock and
other securities and property receivable in connection with such reclassification, reorganization, or change by a holder of the
same number of shares of Common Stock as were purchasable by Investor immediately prior to such reclassification, reorganization,
or change. In any such case appropriate provisions shall be made with respect to the rights and interest of Investor so that the
provisions hereof shall thereafter be applicable with respect to any shares of stock or other securities and property deliverable
upon exercise hereof, and appropriate adjustments shall be made to the purchase price per Warrant Share payable hereunder, provided
the aggregate purchase price shall remain the same.

 

5.3.          Subsequent
Equity Sales. If Company or any subsidiary thereof, as applicable, at any time and from time to time while this Warrant is
outstanding, shall sell or grant any option to purchase, or sell or grant any right to reprice, or otherwise dispose of, sell or
issue (or announce any offer, sale, grant or any option to purchase or other disposition of) any Common Stock (including any Common
Stock issued under the Note, whether upon any type of conversion or any Deemed Issuance (as defined in the Note)), preferred shares
convertible into Common Stock, or debt, warrants, options or other instruments or securities which are convertible into or exercisable
for shares of Common Stock (together herein referred to as “Equity Securities”), at an effective price per share
less than the Exercise Price (such lower price, the “Base Share Price” and such issuance collectively, a “Dilutive
Issuance”) (if the holder of the Common Stock or Equity Securities so issued shall at any time, whether by operation
of purchase price adjustments, reset provisions, floating conversion, exercise or exchange prices or otherwise, or due to warrants,
options, or rights per share which are issued in connection with such issuance, be entitled to receive shares of Common Stock at
an effective price per share that is less than the Exercise Price, such issuance shall be deemed to have occurred for less than
the Exercise Price on such date of the Dilutive Issuance), then (a) the Exercise Price shall be reduced and only reduced to equal
the Base Share Price, and (b) the number of Warrant Shares issuable upon the exercise of this Warrant shall be increased to an
amount equal to the number of Warrant Shares Investor could purchase hereunder for an aggregate Exercise Price, as reduced pursuant
to subsection (a) above, equal to the aggregate Exercise Price payable immediately prior to such reduction in Exercise Price, provided
that the increase in the number of Exercise Shares issuable under to this Warrant made pursuant to this Section 5.3 shall not at
any time exceed a number equal to three (3) times the number of Exercise Shares issuable under this Warrant as of the Issue Date
(for the avoidance of doubt, the foregoing cap on the number of Exercise Shares issuable hereunder shall only apply to adjustments
made pursuant to this Section 5.3 and shall not apply to adjustments made pursuant to Sections 5.1, 5.2 or any other section of
this Warrant). Such adjustments shall be made whenever such Common Stock or Equity Securities are issued. Company shall notify
Investor, in writing, no later than the Trading Day following the issuance of any Common Stock or Equity Securities subject to
this Section 5.3, indicating therein the applicable issuance price, or applicable reset price, exchange price, conversion price,
or other pricing terms (such notice, the “Dilutive Issuance Notice”). For purposes of clarification,
whether or not Company provides a Dilutive Issuance Notice pursuant to this Section 5.3, upon the occurrence of any Dilutive Issuance,
after the date of such Dilutive Issuance, Investor is entitled to receive the increased number of Warrant Shares provided for in
subsection (b) above at an Exercise Price equal to the Base Share Price regardless of whether Investor accurately refers to the
Base Share Price in the Notice of Exercise. Additionally, following the occurrence of a Dilutive Issuance, all references in this
Warrant to “Warrant Shares” shall be a reference to the Warrant Shares as increased pursuant to subsection (b) above,
and all references in this Warrant to “Exercise Price” shall be a reference to the Exercise Price as reduced pursuant
to subsection (a) above, as the same may occur from time to time hereunder.

 

    	5

    	 

    

  

5.4.          Notice
of Adjustment. Without limiting any other provision contained herein, when any adjustment is required to be made in the number
or kind of shares purchasable upon exercise of this Warrant, or in the Exercise Price, pursuant to the terms hereof, Company shall
promptly notify Investor of such event and of the number of Warrant Shares or other securities or property thereafter purchasable
upon exercise of this Warrant.

 

5.5.          Exceptions
to Adjustment. Notwithstanding the provisions of Sections 5.3 and 5.4, no adjustment to the Exercise Price shall be effected
as a result of an Excepted Issuance. “Excepted Issuances” shall mean, collectively, (a) Company’s issuance
of securities in connection with strategic license agreements and other partnering arrangements so long as any such issuances are
not for the purpose of raising capital and in which holders of such securities or debt are not at any time granted registration
rights, and (b) Company’s issuance of Common Stock or the issuance or grant of options to purchase Common Stock to employees,
directors, officers and consultants, authorized by Company’s board of directors pursuant to plans or agreements which are
authorized, constituted or in effect as of the Issue Date.

 

6.           Certificate
as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock issuable on the exercise of
this Warrant, 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 this 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 Company for any additional shares of Common Stock issued or sold or deemed to have
been issued or sold, (b) the number of shares of Common Stock outstanding or deemed to be outstanding, and (c) the Exercise 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. Company will forthwith mail a copy of each such certificate
to Investor and any Warrant Agent (as defined below) appointed pursuant to Section 8 hereof. Nothing in this Section 6 shall be
deemed to limit any other provision contained herein.

 

    	6

    	 

    

  

7.          Transfer
to Comply with the Securities Act. This Warrant, and the Warrant Shares, have not been registered under the 1933 Act. None
of the Warrant Shares may be sold, transferred, pledged or hypothecated without (a) an effective registration statement under the
1933 Act relating to such security or (b) an opinion of counsel reasonably satisfactory to Company that registration is not required
under the 1933 Act; provided, however, that the foregoing restrictions on transfer shall not apply to the transfer of any
security to an affiliate of Investor. Until such time as registration has occurred under the 1933 Act, each certificate for this
Warrant and any Warrant Shares shall contain a legend, in form and substance satisfactory to counsel for Company, setting forth
the restrictions on transfer contained in this Section 7. Any such transfer shall be accompanied by a transferor assignment substantially
in the form attached to this Warrant as Exhibit B (the “Transferor Assignment”), executed by the transferor
and the transferee and submitted to Company. Upon receipt of the duly executed Transferor Assignment, Company shall register the
transferee thereon as the new holder on the books and records of Company and such transferee shall be deemed a “registered
holder” or “registered assign” for all purposes hereunder, and shall have all the rights of Investor.

 

8.          Warrant
Agent. Company may, by written notice to Investor, appoint an agent (a “Warrant Agent”) for the purpose
of issuing shares of Common Stock on the exercise of this Warrant pursuant hereto, exchanging this Warrant pursuant hereto, and
replacing this Warrant pursuant hereto, or any of the foregoing, and thereafter any such issuance, exchange or replacement, as
the case may be, shall be made at such office by such Warrant Agent.

 

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

 

10.         Notices.
Any notice required or permitted hereunder shall be given in the manner provided in the subsection titled “Notices”
in the Purchase Agreement, the terms of which are incorporated herein by reference.

 

11.         Supplements
and Amendments; Whole Agreement. This Warrant may be amended or supplemented only by an instrument in writing signed by the
parties hereto. This Warrant, together with the Purchase Agreement and all the other Transaction Documents, taken together, contain
the full understanding of the parties hereto with respect to the subject matter hereof and thereof and there are no representations,
warranties, agreements or understandings with respect to the subject matter hereof and thereof other than as expressly contained
herein and therein.

 

12.         Purchase
Agreement; Arbitration of Disputes; Calculation Disputes. This Warrant is subject to the terms, conditions and general provisions
of the Purchase Agreement and the other Transaction Documents, including without limitation the Arbitration Provisions (as defined
in the Purchase Agreement) set forth as an exhibit to the Purchase Agreement. In addition, notwithstanding the Arbitration Provisions,
in the case of a dispute as to any Calculation (as defined in the Purchase Agreement), such dispute will be resolved in the manner
set forth in the Purchase Agreement.

 

13.         Governing
Law. This Warrant shall be governed by and interpreted in accordance with the laws of the State of Utah, without giving effect
to the principles thereof regarding the conflict of laws.

 

14.         Waiver
of Jury Trial. COMPANY IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND THAT ANY ACTION, PROCEEDING OR COUNTERCLAIM
ARISING OUT OF OR IN ANY WAY RELATED TO THIS WARRANT OR THE RELATIONSHIPS OF THE PARTIES HERETO BE TRIED BY JURY. THIS WAIVER EXTENDS
TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING UNDER COMMON LAW OR ANY APPLICABLE STATUTE, LAW, RULE OR REGULATION. FURTHER,
COMPANY ACKNOWLEDGES THAT IT IS KNOWINGLY AND VOLUNTARILY WAIVING ITS RIGHT TO DEMAND TRIAL BY JURY.

 

    	7

    	 

    

  

15.         Remedies.
The remedies at law of Investor under this Warrant in the event of any default or threatened default by Company in the performance
of or compliance with any of the terms of this Warrant are not and will not be adequate and, without limiting any other remedies
available to Investor in the Transaction Documents, at law or equity, to the fullest extent permitted by law, such terms may be
specifically enforced by a decree for the specific performance of any agreement contained herein or by an injunction against a
violation of any of the terms hereof or otherwise.

 

16.         Counterparts.
This Warrant may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be
an original, and all such counterparts shall together constitute but one and the same instrument. Signatures delivered via facsimile
or email shall be considered original signatures for all purposes hereof.

 

17.         Attorneys’
Fees. In the event of any arbitration, litigation or dispute arising from this Warrant, the parties agree that the party who
is awarded the most money shall be deemed the prevailing party for all purposes and shall therefore be entitled to an additional
award of the full amount of the attorneys’ fees and expenses paid by said prevailing party in connection with arbitration
or litigation without reduction or apportionment based upon the individual claims or defenses giving rise to the fees and
expenses. Nothing herein shall restrict or impair an arbitrator’s or a court’s power to award fees and expenses
for frivolous or bad faith pleading.

 

18.         Severability.
Whenever possible, each provision of this Warrant shall be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be invalid or unenforceable in any jurisdiction, such provision shall be modified
to achieve the objective of the parties to the fullest extent permitted and such invalidity or unenforceability shall not affect
the validity or enforceability of the remainder of this Warrant or the validity or enforceability of this Warrant in any other
jurisdiction.

 

19.         Time
of the Essence. Time is expressly made of the essence with respect to each and every provision of this Warrant.

 

20.         Descriptive
Headings. Descriptive headings of the sections of this Warrant are inserted for convenience only and shall not control or affect
the meaning or construction of any of the provisions hereof.

 

[Remainder of page intentionally left
blank; signature page follows]

 

    	8

    	 

    

  

IN WITNESS WHEREOF,
Company has caused this Warrant to be duly executed by an officer thereunto duly authorized as of the Issue Date.

 

	 	COMPANY:
	 	 
	 	StationDigital Corporation

 

	 	By:	/s/ Louis Rossi

	 	Printed Name:	Louis Rossi

	 	Title:	Chief Executive Officer

 

 [Signature
Page to Warrant]

 

    	

    	 

    

  

EXHIBIT A

 

NOTICE OF EXERCISE OF WARRANT

 

	TO:	STATIONDIGITAL CORPORATION
	 	ATTN: _______________
	 	VIA FAX TO: (   )______________ EMAIL: ______________

 

The undersigned hereby
irrevocably elects to exercise the right, represented by the Warrant to Purchase Shares of Common Stock dated as of July 24, 2015
(the “Warrant”), to purchase shares of the common stock, $0.0001 par value (“Common Stock”),
of STATIONDIGITAL CORPORATION, and tenders herewith payment in accordance with Section 2 of the Warrant, as follows:

 

	_______	CASH: $__________________________	= (Exercise Price x Delivery Shares)
	 	 	 
	_______	Payment is being made by:	 
	 	_____	enclosed check	 
	 	_____	wire transfer	 
	 	_____	other	 
	 	 	 
	_______	CASHLESS EXERCISE:	 

 

	 	Net number of Delivery Shares to be issued to Investor: ______*
	 	 
	 	* based on:	Current Market Value - (Exercise Price x Exercise Shares)
	 	 	Adjusted Price

 

	 	Where:	 	 	 
	 	Trade Price [“TP”]	=	 $____________	 	 
	 	Exercise Shares		=	_____________
	 	Current Market Value [TP x Exercise Shares]		=	$____________
	 	Exercise Price		=	$____________
	 	Adjusted Price		=	$____________

 

Capitalized terms
used but not otherwise defined herein shall have the meanings ascribed to them in the Warrant.

 

It is the intention
of Investor to comply with the provisions of Section 2.2 of the Warrant regarding certain limits on Investor’s right to receive
shares thereunder. Investor believes this exercise complies with the provisions of such Section 2.2. Nonetheless, to the extent
that, pursuant to the exercise effected hereby, Investor would receive more shares of Common Stock than permitted under Section
2.2, Company shall not be obligated and shall not issue to Investor such excess shares until such time, if ever, that Investor
could receive such excess shares without violating, and in full compliance with, Section 2.2 of the Warrant.

 

As contemplated by
the Warrant, this Notice of Exercise is being sent by email or by facsimile to the fax number and officer indicated above.

 

If this Notice of
Exercise represents the full exercise of the outstanding balance of the Warrant, Investor will surrender (or cause to be surrendered)
the Warrant to Company at the address indicated above by express courier within five (5) Trading Days after the Warrant Shares
to be delivered pursuant to this Notice of Exercise have been delivered to Investor.

 

    	Exhibit A to Warrant, Page 1

    	 

    

  

To the extent the
Delivery Shares are not able to be delivered to Investor via the DWAC system, please deliver certificates representing the Delivery
Shares to Investor via reputable overnight courier after receipt of this Notice of Exercise (by facsimile transmission or otherwise)
to:

 

	 	_____________________________________
	 	_____________________________________
	 	_____________________________________

 

	Dated:	 	 
	 	 
	 	 
	[Name of Investor]	 
	 	 
	By:	 	 

 

    	Exhibit A to Warrant, Page 2

    	 

    

  

EXHIBIT B

 

FORM OF TRANSFEROR ENDORSEMENT

(To be signed only on transfer of the 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 Warrant to Purchase Shares of Common Stock dated as of July 24, 2015 (the “Warrant”) to purchase the
percentage and number of shares of common stock, $0.0001 par value (“Common Stock”), of STATIONDIGITAL CORPORATION
specified under the headings “Percentage Transferred” and “Number Transferred,” respectively, opposite
the name(s) of such person(s), and appoints each such person attorney-in-fact to transfer the undersigned’s respective right
on the books of STATIONDIGITAL CORPORATION with full power of substitution.

 

	Transferees	 	Percentage Transferred   	 	Number Transferred
	 	 	 	 	 
	 	 	 	 	 

 

Dated:___________, ______

 

	 	
	 	[Transferor Name must conform to the name of Investor as specified on the face of the Warrant]
	 	 
	 	By:	 
	 	Name:	 

 

	Signed in the presence of:	 
	 	 
	 	 
	(Name)	 
	 	 
	ACCEPTED AND AGREED:	 
	 	 
	 	 
	[TRANSFEREE]	 
	 	 
	By:	 	 
	Name:	 	 

 

    	Exhibit B to Warrant, Page 1

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