Document:

Exhibit 10.7

 

QUANTUM
COMPUTING INC.

 

SUBSCRIPTION
AND INVESTOR’S REPRESENTATION AGREEMENT

DATED:
MARCH 15, 2018

_____________________________

 

THIS
SUBSCRIPTION AND INVESTOR’S REPRESENTATION AGREEMENT (THE “SUBSCRIPTION AGREEMENT”) RELATES TO AN OFFERING AND
SALE (THE “OFFERING”) BY QUANTUM COMPUTING INC., A DELAWARE CORPORATION (THE “COMPANY”) OF 8% CONVERTIBLE
PROMISSORY NOTES IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $5,000,000 (THE “NOTES”). THE NOTES ARE CONVERTIBLE ON
A MANDATORY BASIS INTO SHARES OF THE COMPANY’S COMMON STOCK, PAR VALUE $0.0001 (THE "SHARES”) AFTER THE IMPLEMENTATION
OF A REVERSE SPLIT OF THE COMPANY’S SHARES ON A ONE-FOR-TWO HUNDRED (1:200) BASIS. 

 

THE
OFFERING BY THE COMPANY OF THE NOTES IS BEING MADE: (ii) PURSUANT TO REGULATION D PROMULGATED BY THE UNITED STATES SECURITIES
AND EXCHANGE COMMISSION (THE “SEC”) UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”); (ii) TO
ONE OR MORE “ACCREDITED INVESTORS” (AS THAT TERM IS DEFINED IN RULE 501 OF REGULATION D PROMULGATED BY THE SEC UNDER
THE ACT. 

 

THE
NOTES AND UNDERLYING SHARES THAT ARE SUBJECT TO THIS SUBSCRIPTION AGREEMENT (COLLECTIVELY, THE “SECURITIES”) HAVE
NOT BEEN REGISTERED UNDER THE ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D UNDER THE ACT, PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE ACT.

 

THE
SECURITIES THAT ARE SUBJECT TO THIS OFFERING HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION
OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING,
OR THE ACCURACY OR ADEQUACY OF THE DISCLOSURE IN THIS SUBSCRIPTION AGREEMENT. ANY SUCH REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

  

     

     

    

 

QUANTUM
COMPUTING INC.

 

SUBSCRIPTION
AND INVESTOR'S REPRESENTATION AGREEMENT

OFFERING
OF 8% CONVERTIBLE PROMISSORY NOTE

PURSUANT
TO REGULATION D

 

DATED:
MARCH 15, 2018

 

Section
1: The Reg D Offering.

 

1.1 Quantum
Computing Inc., a Delaware corporation f/k/a Innovative Beverage Group Holdings, Inc. (the “Company”) with
offices located 215 Depot Court, Suite 215, Leesburg, VA 20175, pursuant to the terms and conditions set forth in this
Subscription and Investor’s Representation Agreement (the “Subscription Agreement”) is offering 8% Convertible
Promissory Notes (the “Notes”) in the aggregate principal amount of up to $5,000,000.

 

1.2 The
Notes, which are convertible on a mandatory basis into shares of the Company’s common stock, par value $0.0001 (the "Shares”)
after the implementation of a reverse split of the Company’s Shares on a one-for-two hundred (1:200) basis (the “Reverse
Split”), are being offered by the Company (the “Offering” or “Reg D Offering”): (i) pursuant to
Regulation D promulgated by the United States Securities and Exchange Commission (the “SEC”) under the Securities
Act of 1933, as amended (the “Act”); (ii) to one or more “accredited investors,” as that term is defined
in Rule 501 of Regulation D promulgated by the SEC under the Act.

 

1.3 The
Notes that are the subject of this Offering: (i) bear interest at the rate of 8% per annum (the “Interest”); (ii)
are due and payable on a date twelve (12) months from the date this Subscription Agreement is accepted by the Company (the. “Maturity
Date”); and (iii) the Interest and principal amount of this Note payable to the Investor (as defined in Section 2 below)
is convertible, on a mandatory basis into the Company’s Shares within ten (10) business days of the effective date of the
Reverse Split as more fully-described below, at a conversion price of $1.00 per Share.

 

1.4 This
Offering is being made without registration under the Act: (i) in reliance upon the exemption provided by Regulation D promulgated
by the SEC under the Act, and (ii) based upon the representations and warranties of the Investor as set forth in Section 3 below.

 

1.5 The
Reverse Split referenced in Section 1.2 above is subject to application with and approval by FINRA and upon the effective date
of the Reverse Split, FINRA will assign a new trading symbol for the Company’s Shares, which are presently subject to quotation
on the OTC under the symbol “IBGH.”

 

 Section
2: Subscriptions.

 

 2.1 The
undersigned, ____________________________, with offices or a residence located at ________________________________ (the
"Investor"), intending to be legally bound pursuant to the terms and conditions of the Subscription Agreement, hereby
irrevocably subscribes for and agrees to purchase a Note offered by the Company in the principal amount of $________________ (the
“Principal Amount”). The undersigned Investor hereby agrees to pay the aggregate Principal Amount of $_____________
(the “Note Proceeds”) by wire transfer to the Company’s bank account as set forth in Section 2.3 below. The
Company and the Investor are sometimes referred to individually, as a “Party” and collectively, as the “Parties.”

 

2.2 The
undersigned understands that the Company's Notes that are the subject of this Offering are being offered in a transaction pursuant
to the exemption provided by Reg D promulgated by the SEC under the Act and that the Offering is only being made to, and the Company
will only accept subscriptions from, "accredited investors" as that term is defined in Rule 501 of Regulation D promulgated
by the SEC under the Act.

  

    2

     

    

 

2.3 The
undersigned understands and acknowledges that the Offering Proceed being remitted to the Company in payment for the Notes must
be received by the Company by wire transfer to the Company’s Account, as follows:

  

	Bank:	Bank of America
	ABA:	026009593
	Address:	505 East Market St., Leesburg, VA 20176
	for credit to:	Quantum Computing Inc.
	Account#:	4350-4394-1694

 

2.4 The
undersigned Investor understands and agrees that the Company reserves the right, in its sole discretion, to accept or reject the
subscription for the Notes for any reason whatsoever, at any time prior to acceptance by the Company.

 

2.5 The
undersigned Investor further understands and agrees that its subscription for the Units is irrevocable upon acceptance by the
Company.

 

 Section
3: Investor's Representations and Warranties. The undersigned Investor hereby acknowledges, represents and warrants
to, and agrees with, the Company as follows:

 

3.1 The
undersigned is acquiring the Notes for his/her/its own account as principal, not as a nominee or agent, for investment purposes
only, and not with a view to, or for, resale, distribution or fractionalization thereof in whole or in part and no other person
has a direct or indirect beneficial interest in such Shares or any portion thereof. Further, the undersigned does not have any
contract, undertaking, agreement or arrangement with any person to sell, transfer or grant participations to such person or to
any third person, with respect to the Notes for which the undersigned is subscribing or any part thereof.

 

3.2 The
undersigned has full power and authority to enter into this Subscription Agreement, the execution and delivery of this Subscription
Agreement has been duly authorized and constitutes a valid and legally binding obligation of the undersigned Investor.

 

3.3 The
undersigned Investor affirms that he/she/it is not subscribing for the Notes as a result of or subsequent to any advertisement,
article, notice or other communication published in any newspaper, magazine or similar media or broadcast over television or radio,
or presented at any seminar or meeting, or any solicitation of a subscription by person previously not known to the undersigned
in connection with investments generally.

 

3.4 The
undersigned Investor understands that, except as otherwise expressly provided herein, the Investor does not have registration
rights nor is the Company under any obligation to register the Notes or the Shares underlying conversion of the Notes under the
Act upon the written or other demand of the Investor or otherwise.

 

3.5 The
undersigned is: (i) an "accredited investor" as defined in Rule 501 of Reg D; (ii) is experienced in making investments
of the kind described in this Subscription Agreement; (iii) is able, by reason of his/her/its business and financial experience,
to protect his/her/its own interests in connection with the transactions described in this Subscription Agreement, and the related
documents; and (iv) able to afford the entire loss of his/her/its investment in the Notes.

 

3.6 The
undersigned Investor acknowledges his/her/its understanding that the Offering is intended to be exempt from registration under
the Act, based upon the exemption provided under Regulation D promulgated by the SEC under the Act.

 

3.7 In
furtherance thereof, in addition to the other representations and warranties of the undersigned Investor made herein, the undersigned
further represents and warrants to and agrees with the Company as follows: (i) the undersigned realizes that the basis for the
exemption may not be present if, notwithstanding such representations, the undersigned is subscribing for and acquiring the Notes
for a fixed or determinable period in the future, or for a market rise, or for sale if the market does not rise; (ii) the undersigned
has the financial ability to bear the economic risk of his/her/its investment in the Securities, has adequate means for providing
for his/her/its current needs and contingencies and has no need for liquidity with respect to its investment in the Securities
offered by the Company; (iii) the undersigned, either individually or by its officers and principals, has such knowledge and experience
in financial and business matters as to be capable of evaluating the merits and risks of the prospective investment in the Securities
p; (iv) the undersigned, if an entity and not a "natural person," represents it has not been organized for the purpose
of acquiring the Securities; (v) the undersigned has been provided an opportunity for a reasonable period of time prior to the
date hereof to obtain additional information concerning the Offering, the Company and all other information the undersigned deems
relevant, to the extent the Company possesses such information or can acquire it without unreasonable effort or expense; and (vi)
the undersigned understands that as of the date of this Offering and perhaps for the foreseeable future, the Company is not a
reporting company under nor has it filed any reports with the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”). Notwithstanding the foregoing, the undersigned acknowledges that the Company has filed reports with the OTC Markets
under its former name, Innovative Beverage Group Holdings, Inc. (OTC: IBGH) and that as of the date of this Subscription Agreement,
the Company is current in its reporting obligations with OTC Markets.

  

    3

     

    

 

3.8 The
undersigned is not relying on the Company, or its affiliates or agents, with respect to economic considerations involved in his/her/its
investment in the Securities and the undersigned has relied solely on his/her/its own financial expertise and/or that of his/her/its
legal, financial and investment advisors. if any.

 

3.9 No
representations or warranties have been made to the undersigned by the Company, or any officer, director, employee, agent, affiliate
or representative of the Company, other than the representations made by the Company in writing as contained herein and, in subscribing
for purchase of the Notes, the undersigned is not relying upon any representations other than those contained herein.

 

3.10 Any
resale of the Notes or the Shares underlying conversion of the Notes shall only be made in compliance with exemptions from registration
afforded by Reg D promulgated by the SEC under the Act. Further, any such sale of such Securities will be made in full compliance
with the federal securities laws of the United States.

 

3.11 The
undersigned understands that the Notes are being offered and sold in reliance on an exemption from the registration requirements
of United States federal securities laws under Reg D promulgated by the SEC under the Act and that the Company is relying upon
the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the undersigned set
forth herein in order to determine the availability of such exemptions and the suitability of the undersigned to acquire the Securities.

 

3.12 The
undersigned understands that an investment in the Securities is a speculative investment which involves a high degree of risk
and the potential loss of his/her/its entire investment.

 

3.13 The
undersigned's overall commitment to investments which are not readily marketable is not disproportionate to the undersigned's
net worth, and an investment in the Securities will not cause such overall commitment to become excessive.

 

3.14 The
undersigned represents and warrants to the Company that all information that the undersigned has provided to the Company, including,
without limitation, the representations and warranties provided herein or previously provided to the Company are true, correct
and complete in all material respects as of the date hereof and will be as of the Closing.

 

3.15 Other
than as set forth herein, the undersigned is not relying upon any other information, representation or warranty by the Company
or any officer, director, stockholder, agent or representative of the Company in determining to invest in the Securities. The
undersigned has consulted, to the extent deemed appropriate by the undersigned, with the undersigned’s own advisers as to
the financial, tax, legal and related matters concerning an investment in the Shares and on that basis, believes that his/her/its
investment in the Securities is suitable and appropriate for the undersigned.

 

3.16 The
undersigned is aware that no federal or state agency has: (i) made any finding or determination as to the fairness of this investment;
(ii) made any recommendation or endorsement of the Notes subject to this Offering or the Company; or (iii) guaranteed or insured
any investment in the Securities or any investment made in or by the Company.

 

3.17 The
undersigned understands that the Notes and the conversion price of $1.00 per Share applicable to the Principal Amount and accrued
Interest does not necessarily bear any relation to the assets, book value or net worth of the Company and was determined arbitrarily
by the Company and its management after taking into consideration, among other things, the Company's new business direction, pending
name change and Reverse Split, all as publicly reported in the Company's recent press releases.

 

3.18 The
undersigned further understands that there is a substantial risk of further dilution on his/her/its investment in the Company
because of the issuance and sale of additional Notes, Shares or other Securities by the Company.

 

 Section
4: Representations and Warranties of the Company. The Company represents and warrants to the undersigned Investor
as follows:

 

4.1
The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Delaware,
and has all requisite power and authority to own, lease and operate its properties and to carry on its business as now being conducted.

 

4.2 The
Company has the requisite corporate power and authority to enter into and perform its obligations under this Subscription Agreement
and to issue the Notes subject to this Offering.

  

    4

     

    

 

4.3 The
execution and delivery of this Subscription Agreement by the Company and the consummation by it of the transactions contemplated
hereby and thereby have been duly authorized by all necessary corporate action and no further consent or authorization of the
Company or its Board of Directors is required.

 

4.4 This
Subscription Agreement has been duly prepared and delivered by the Company and, upon acceptance, will constitute a valid and binding
obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited
by applicable bankruptcy, insolvency, or similar laws relating to, or affecting generally the enforcement of, creditors' rights
and remedies or by other equitable principles of general application.

 

4.5 To
the best of Company's knowledge, the Company has not provided to the undersigned any information that, according to applicable
law, rule or regulation, should have been disclosed publicly prior to the date hereof by the Company, but which has not been so
disclosed.

 

4.6 As
of their respective dates, the Company's reports with the OTC Markets under its former name, Innovative Beverage Group Holdings,
Inc. (OTC: IBGH) have complied in all material respects with the disclosure requirements of the OTC Markets and that such filings
with OTC Markets did not contain any untrue statement of a material fact or omitted to state a material fact required to be stated
therein or necessary in order to make the statements therein, in light of the circumstances under which they were made, not misleading.

 

4.7 The
Offering, issuance and sale by the Company of the Notes in accordance with the terms and on the basis of the representations and
warranties of the undersigned set forth herein, shall be properly issued by the Company to the undersigned pursuant to Section
4(2) and Reg D and any Shares issued upon conversion of the Notes, when issued, shall be duly and validly issued, fully-paid and
nonassessable.

 

4.8 Neither
the sale of the Notes pursuant to, nor the Company's performance of its obligations under, this Subscription Agreement shall:
(i) result in the creation or imposition of any liens, charges, claims or other encumbrances upon the Securities or any of the
assets of the Company; or (ii) entitle the other holders of the Company's securities to preemptive or other rights to subscribe
to or acquire the capital stock or other securities of the Company.

 

4.9 Neither
the Company nor any of its affiliates nor any person acting on its or their behalf: (i) has conducted or will conduct any general
solicitation (as that term is used in Rule 502(c) of Regulation D) or general advertising with respect to any of the Notes; or
(ii) made any offers or sales of any security or solicited any offers to buy any security under any circumstances that would require
registration of the Securities offered hereby under the Act.

 

4.10 The
execution, delivery and performance of this Subscription Agreement by the Company and the consummation by the Company of the transactions
contemplated hereby, including without limitation the issuance of the Notes and any Shares issued upon conversion of the Notes,
do not and will not: (i) result in a violation of the Certificate of Incorporation, as amended, or By-Laws of the Company; (ii)
conflict with, or constitute a material default (or an event that with notice or lapse of time or both would become a material
default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, any material agreement,
indenture or instrument or provision of any agreement to which the Company is a party or is otherwise bound; or (iii) result in
a violation of any federal, state, local or foreign law, rule, regulation, order, judgment or decree (including federal and state
securities laws and regulations) applicable to the Company or by which any property or assets of the Company is bound or affected
(except for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations as would not, individually
or in the aggregate, have a material adverse effect on the business, operations, properties, prospects or condition (financial
or otherwise) of the Company) nor is the Company otherwise in violation of, conflict with or in default under any of the foregoing.
 

 

4.11 The
Company is not required under the federal or state securities laws, rule or regulations to obtain any consent, authorization or
order of, or make any filing or registration with, any court or governmental agency in order for it to execute, deliver or perform
any of its obligations under this Subscription Agreement or issue and sell the Notes in accordance with the terms hereof (other
than the obligation to file a Form 8-K or the equivalent with OTC Markets); provided however, that for purposes of the
representation made in this sentence, the Company is assuming and relying upon the accuracy of the relevant representations and
agreements of the undersigned Investor herein. Notwithstanding the foregoing, the Company represents that it is its intention,
as soon as reasonably practicable, to prepare and file with the SEC a registration statement on Form 10 for the purposes of registering
its Shares under Section 12(g) of the Exchange Act, with the understanding that the filing of the Form 10 must include, among
other disclosure, audited financial statements for the Company for the past two fiscal years.

 

4.12 The
Company, any person representing the Company, and, to the knowledge of the Company, any other person selling or offering to sell
the Notes in connection with the transactions contemplated by this Subscription Agreement, have not made, at any time, any written
or oral communication in connection with the offer or sale of the same which contained any untrue statement of a material fact
or omitted to state any material fact necessary in order to make the statements, in the light of the circumstances under which
they were made, not misleading.

  

    5

     

    

 

 Section
5: Miscellaneous.

 

5.1 The
undersigned agrees to indemnify and hold harmless the Company, its officers, directors, employees, agents, representatives and
its affiliates and their respective successors and assigns and each other person, if any, who controls any thereof, against any
loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all expenses whatsoever reasonably
incurred in investigating, preparing or defending against any litigation commenced or threatened or any claim whatsoever) arising
out of or based upon any false representation or warranty or breach or failure by the undersigned to comply with any covenant
or agreement made by the undersigned herein or in any other document furnished by the undersigned to any of the foregoing in connection
with this transaction.

 

 5.2
Neither this Subscription Agreement nor any provisions hereof shall be modified, discharged or terminated except by an instrument
in writing signed by the Party against whom any waiver, change, discharge or termination is sought.

 

 5.3 Any
notice, demand or other communication which any Party hereto may be required, or may elect, to give to anyone interested hereunder
shall be sufficiently given if sent to each Party’s address first set forth above, with respect to the Company and set forth
below with respect to the Investor, and if: (i) deposited, postage prepaid, in a government mail letter box, registered or certified
mail, return receipt requested, or the equivalent, addressed to such address as first set forth above; (ii) delivered personally
at such address; (iii) sent by overnight courier such as Federal Express, DHL, UPS or the equivalent; or (iv) via email, provided
that confirmation of receipt of such email communication can be verified by the sender.

 

5.4 This
Subscription Agreement may be executed through the use of separate signature pages or in any number of counterparts and by facsimile,
and each of such counterparts shall, for all purposes, constitute one agreement binding on the Parties hereto, notwithstanding
that all Parties are not signatories to the same counterpart.

 

5.5
Except as otherwise provided herein, this Subscription Agreement shall be binding upon and inure to the benefit of the Parties
and their heirs, executors, administrators, successors, legal representatives and assigns. If the undersigned is more than one
person, the obligation of the undersigned shall be joint and several and the agreements, representations, warranties and acknowledgments
herein contained shall be deemed to be made by and be binding upon each such person and his heirs, executors, administrators and
successors.

 

5.6 This
Subscription Agreement and the documents referenced herein contain the entire agreement of the Parties and there are no representations,
covenants or other agreements except as stated or referred to herein and therein.

 

5.7 This
Subscription Agreement is not transferable or assignable by the undersigned without the prior written consent of the Company,
which consent may be withheld for any reason whatsoever.

 

 5.8
This Subscription Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia, where
the Company maintains its: (i) offices; and (ii) banking relationships, among other United States relationships, without giving
effect to conflicts of law principles and any dispute under this Subscription Agreement or the transactions contemplated hereby
shall be before a court of competent jurisdiction in Fairfax County, Commonwealth of Virginia.

  

(Signatures
on Following Page)

 

    6

     

    

 

IN
WITNESS WHEREOF, the undersigned has executed this Subscription Agreement on the __ day of ______ 2018.

 

Principal
Amount of Note: $_________

  

____________________________
(INVESTOR): 

 

/s/:
_________________________

 

Name:
______________________

 

Title:
_______________________ (if applicable)

 

Address:

_______________________

_______________________

_______________________

 

Email:
_________________

 

EIN:
__- _______ or

 

SSN:
___-__-____

  

    7

     

    

 

ACCEPTANCE
OF SUBSCRIPTION

(to
be completed and countersigned by the Company)

 

Quantum
Computing Inc., by its duly authorized signatory, hereby accepts the Subscription by the Investor for the Note in the Principal
Amount of $_________, representing total Note Proceeds of $__________, paid by wire transfer pursuant to instructions in Section
2.3 above.

  

	QUANTUM COMPUTING INC.	 
	 	 
	By:	                       	 
	 	 
	Name:	 
	 	 
	Title:	 

  

Dated:
________ __, 2018

 

    8

     

    

 

EXHIBIT
A

CONVERSION
NOTICE

 

The
undersigned Holder hereby elects to convert the Principal Amount of $____________, together with all accrued but unpaid interest
hereon under this Note payable by Quantum Computing Inc., a Delaware corporation (the “Company”), into shares of the
Company’s common stock, par value $0.0001 (the “Shares”) according to the conditions hereof, as of the date
written below. If the Shares are to be issued in the name of a person other than the undersigned Holder, the undersigned Holder
will pay all transfer taxes, payable with respect thereto and is delivering herewith such certificates and opinions as reasonably
requested by the Company in accordance therewith. No fee will be charged to the holder for any conversion, except for such transfer
taxes, if any.

  

The
undersigned agrees to comply with the prospectus delivery requirements under the applicable securities laws in connection with
any transfer of the aforesaid Shares.

 

Conversion
Calculations:

 

	Date
    to Effect Conversion: ____________________________
	 
	Principal
    Amount of Note to be Converted: $__________________
	 
	Additional
    Interest to be Converted: $_______________
	 
	Number
    of Shares to be issued: ______________
	 
	Signature:
        _________________________________________

	 
	Name:
    ____________________________________________
	 
	Address
    for Delivery of Shares in Book Entry: 
	 

                                                                                                   _____________________________________________________ 

         

	_____________________________________________________

  

    9Exhibit 10.8

 

QUANTUM COMPUTING INC.

 

SUBSCRIPTION AND INVESTOR’S REPRESENTATION
AGREEMENT

DATED: MARCH 1, 2018

 

 

 

THIS SUBSCRIPTION AND INVESTOR’S REPRESENTATION AGREEMENT
(THE “SUBSCRIPTION AGREEMENT”) RELATES TO AN OFFERING AND SALE (THE “OFFERING”) BY QUANTUM COMPUTING INC.,
A DELAWARE CORPORATION (THE “COMPANY”) OF 200,000,000 MILLION SHARES OF THE COMPANY’S COMMON STOCK, PAR VALUE
$0.0001 (THE “SHARES”) AT AN OFFERING PRICE OF $0.002 PER SHARE. THE OFFERING BY THE COMPANY IS BEING MADE: (ii) PURSUANT
TO REGULATION D PROMULGATED BY THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “ACT”); (ii) TO ONE OR MORE “ACCREDITED INVESTORS” (AS THAT TERM IS DEFINED
IN RULE 501 OF REGULATION D PROMULGATED BY THE SEC UNDER THE ACT. 

 

THE SHARES THAT ARE SUBJECT TO THIS SUBSCRIPTION AGREEMENT
HAVE NOT BEEN REGISTERED UNDER THE ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD,
DIRECTLY OR INDIRECTLY, EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION D UNDER THE ACT, PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
OF THE ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN ACCORDANCE WITH THE ACT.

 

THE SHARES THAT ARE SUBJECT TO THIS OFFERING HAVE NOT BEEN
APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR ANY OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING
AUTHORITIES PASSED UPON OR ENDORSED THE MERITS OF THIS OFFERING, OR THE ACCURACY OR ADEQUACY OF THE DISCLOSURE IN THIS SUBSCRIPTION
AGREEMENT. ANY SUCH REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

     

     

    

 

RECIPIENT: ______________________

 

INSTRUCTIONS TO SUBSCRIPTION AGREEMENT

 

By accepting delivery of this Subscription
Agreement, the recipient (hereinafter, the “Investor” or “Subscriber”) agrees to return it and all related
documents you receive to Quantum Computing Inc. if you decide not to subscribe to purchase the securities subject to the Offering.
Distribution of the subscription materials to any other person other than the recipient named above (or to individuals retained
to advise him, her or it with respect thereto) is unauthorized, and any reproduction thereof or the divulgence of any of the contents
of this Subscription Agreement without the prior written consent of Quantum Computing Inc. is prohibited.

 

Investors interested
in making an investment in the shares of Quantum Computing Inc. should:

 

		(1)	date, sign and complete the information requested on the signature page to the attached Subscription
Agreement,

 

		(2)	complete and sign the accompanying Certificate of Accredited Investor Status,

 

		(3)	make payment of the Subscription Amount by wire transfer of immediately available funds to the
account as provided below:

 

	 	Quantum Computing Inc. Wiring Instructions
	 	 	 
	 	Bank Name:	Bank of America
	 	Bank Address:	505 East Market St., Leesburg, VA 20176
	 	ABA (Domestic including PR):	026-009-593
	 	SWIFT (International): 	BOFAUS3N
	 	For Credit To:	Quantum Computing Inc.
	 	Account Number: 	4350-4394-1694

 

(4) send
completed Subscription Agreement and related documents via e-mail to chris@quantumcomputinginc.com.

 

ATTENTION SUBSCRIBERS: NO SUBSCRIPTION
WILL BE ACCEPTED UNLESS ALL DOCUMENTATION PRESCRIBED HEREIN IS FULLY COMPLETED AND EXECUTED. ANY MATERIALS RECEIVED THAT ARE INCOMPLETE
IN ANY RESPECT WILL BE RETURNED BY THE COMPANY.

 

    2

     

    

 

PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT

Founders Round 

 

THIS PRIVATE
PLACEMENT SUBCRIPTION AGREEMENT (the “Agreement”), dated as of the date set forth below, is by and between Quantum
Computing Inc., a Delaware corporation with offices located at 215 Depot Court, Suite 215, Leesburg, VA 20175 (the “Company”),
and the undersigned (the “Subscriber”), relates to an offering by the Company (the “Offering”) of up to
200,000,000 shares of the Company’s common stock, par value $.0001 per share (the “Shares”). This Agreement sets
forth certain representations, covenants and agreements between the Company and Subscriber, with respect to the offering (the “Offering”)
for sale by the Company.

 

1. Subscription.
Subject to the terms and conditions hereof, Subscriber hereby irrevocably subscribes for and agrees to purchase from the Company
the number of Shares set forth under its name on the signature page hereto at a purchase price of $.002 per Share (the “Offering
Price”). In reliance upon the representations and warranties of Subscriber contained herein, the Company agrees to sell such
Shares to Subscriber at the Offering Price upon the acceptance of the subscription as evidenced by the execution of this Agreement
by an officer of the Company. This Agreement may not be terminated before the acceptance or rejection hereof by the Company in
accordance with this Agreement, unless otherwise required by applicable state law.

 

2. Delivery
of Subscription Amount; Acceptance of Subscription; Delivery of Shares. Subscriber understands
and agrees that this subscription is made subject to the following terms and conditions:

 

(a)
Subscriber understands that separate Subscription Agreements will be executed with other Subscribers who invest in the Shares subject
to this Offering; 

 

(b)
The Subscription Agreement shall be deemed to be accepted only when it has been countersigned by an authorized officer of the Company;
the deposit of a Subscriber’s check for, or receipt by wire of, the Subscription Amount will not be deemed an acceptance
of this Agreement unless and until the Company’s duly authorized officer countersigns this Subscription Agreement;

 

(c)
The Company shall have the right to allocate Shares among Subscribers in any manner it may desire, or to increase the maximum amount
of Shares in the Offering, in the event of an oversubscription;

 

(d)
The payment of the Subscription Amount will be returned promptly, without interest or deduction, if Subscriber’s subscription
is rejected, either in whole or in part, or if the Offering is withdrawn or canceled, which the Company may determine to do in
its sole discretion; 

 

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(e)
The Company may accept any subscriptions then in its receipt (each a “Closing”) until all 200,000,000 Shares offered
hereby are sold;

 

(f)
Book entry statements representing the Shares will be issued in the name of each Subscriber within 14 days of each Closing; 

 

(g)
The representations and warranties of the Company and Subscriber set forth in Section 4 shall be true and correct as of the date
that the Company accepts this subscription, and Subscriber agrees to furnish the Company such other information as the Company
may reasonably request in order to verify the accuracy of the information contained herein and to notify the Company immediately
of any material change in the information provided herein that occurs prior to the Company’s acceptance of this Agreement;
and

 

(h)
Contemporaneously with the execution and delivery of this Subscription Agreement, Subscriber shall execute and deliver the Certificate
of Accredited Investor Status, and shall submit payment in the form of a check made payable to Quantum Computing Inc. or wire
to the Company of immediately available funds in the amount equal to the Offering Price multiplied by the number of Shares for
which Subscriber has subscribed (the “Subscription Amount”) in accordance with the Subscription Instructions attached
to this Subscription Agreement. The Subscription Amount shall be held in a non-interest bearing account and, if for any reason,
the Subscription is not accepted by the Company, the Subscription Amount shall be returned to the Subscriber, without interest
or deduction.

 

3. Terms
of Subscription. The subscription period will begin on March 1, 2018 and will continue until
April 30, 2018 unless extended by the Company in its sole discretion. Except as required by law, Subscriber is not entitled to
cancel, terminate or revoke his/her/its Subscription or any related agreements of Subscriber hereunder. This Subscription Agreement
and such other agreements shall survive the death or disability of Subscriber and shall be binding upon and inure to the benefit
of the parties and their heirs, executors, administrators, successors, legal representatives and permitted assigns. If Subscriber
is more than one person, the obligations of Subscriber hereunder shall be joint and several, and the agreements, representations,
warranties and acknowledgments herein contained shall be deemed to be made by and be binding upon each such person. If Subscriber
is not a United States citizen, Subscriber hereby represents that it has satisfied itself as to the full observance of the laws
of its jurisdiction in connection with any invitation to subscribe for the Shares or any use of this Agreement, including (i) the
legal requirements within its jurisdiction for the purchase of the Shares, (ii) any foreign exchange restrictions applicable to
such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences,
if any, that may be relevant to the purchase, holding, redemption, sale or transfer of the Shares.

 

4. Representations
and Warranties of Subscriber. Subscriber hereby represents and warrants to the Company and
each other person who is, or in the future becomes, a shareholder of the Company as follows:

 

(a)
Subscriber is acquiring the Shares for his/her/its own account, for investment and not with a view to, or for resale in connection
with, any distribution or public offering thereof within the meaning of the Act, the rules and regulations promulgated by the SEC
and applicable state securities laws.

 

    4

     

    

 

(b)
Subscriber understands that: (i) the Shares (A) have not been registered under the Act or any state securities laws, (B) will be
issued and sold in reliance upon an exemption from the registration and prospectus delivery requirements pursuant to Section 4(2)
of the Act and/or Regulation D or Regulation S promulgated by the SEC under the Act, and (C) will be issued in reliance upon exemptions
from the registration and prospectus delivery requirements of state securities laws which relate to private offerings; and (ii)
Subscriber must be able to bear the economic risk of such investment indefinitely unless the Shares issued pursuant to the Offering
are registered under the Act and, if applicable, under state securities laws or is exempt therefrom under Rule 144 promulgated
by the SEC under the Act. Subscriber further understands that such exemptions depend upon, among other things, the bona fide nature
of the investment intent of Subscriber expressed herein.

 

(c)
The Subscriber understands that as of the date of this Subscription Agreement, the Company has authorized under its Certificate
of incorporation 250,000,000 Shares, of which 188,696,490 Shares are issued and outstanding. The Subscriber further understands
that: (i) as a result, the Company does not have a sufficient number of authorized but unissued Shares and has therefore authorized
the implementation of a one-for-two hundred (1:200) reverse split of the issued and outstanding Shares (the “Reverse Split”),
without any change in the 250,000,000 authorized Shares; and (ii) the certificates in book entry form to be issued in the name
of the Subscribers following acceptance by the Company of Subscription Agreements from Subscribers will NOT be issued until the
Reverse Split is implemented, which is subject to the approval by FINRA and will result in the assignment by FINRA of a new trading
symbol.

 

(d) The Company has
made available to Subscriber, and Subscriber has reviewed to the extent it deemed necessary, all information regarding the business
and financial condition of the Company, its expected plans for future business activities, the status of its litigation, and the
merits and risks of an investment in the Shares, considered necessary or appropriate by it in order to make an informed investment
decision regarding a purchase of the Shares, including the following: its Articles of Incorporation and Bylaws, its tax returns
for the last three calendar years, the description of its products and operations on the website of the Company (www.quantumcomputinginc.com),
its trading information and capitalization at www.otcmarkets.com, symbol “IBGH” (collectively, the “Disclosure
Materials”), and Subscriber has had the opportunity to request and/or discuss with representatives of the Company any other
information deemed necessary or appropriate by Subscriber in order to make an informed investment decision regarding the purchase
of the Shares at the Offering Price. Subscriber acknowledges that all documents, records or books of the Company have been made
available for inspection by Subscriber or Subscriber’s attorney, accountant or other representative or agent; that Subscriber
or Subscriber’s attorney, accountant or other representative or agent has for a reasonable amount of time had an opportunity
to ask questions of and receive answers from the Company concerning its proposed business and prospects; and that all of such questions
have been answered to the full satisfaction of Subscriber.

 

    5

     

    

 

(e)
Subscriber has knowledge, skill and experience in financial, business and investment matters relating to an investment of this
type and is capable of evaluating the merits and risks of such investment and protecting its interest in connection with the acquisition
of the Shares. To the extent deemed necessary by Subscriber, Subscriber has retained, at its own expense, and relied upon, appropriate
professional advice regarding the investment, tax and legal merits and consequences of purchasing and owning the Shares and their
suitability for Subscriber. Subscriber has the ability to bear the economic risks of its investment in the Company, including a
complete loss of the investment, and has no need for liquidity in such investment. Subscriber understands that the acquisition
of the Shares is a speculative investment that involves substantial risks and that Subscriber could lose its entire investment
in the Shares. Subscriber has carefully read and considered particularly the following risks peculiar to the Company, which list
does not purport to be complete:

 

(i) The
Offering Price is not necessarily based on recent trading prices or any asset or earnings valuation of the Company’s Shares.

 

(ii) The Company
may issue additional Shares at prices that management deems appropriate that may be higher or lower than the Offering Price paid
by Subscribers. In addition, the Company may create and issue additional classes of capital stock with rights, priorities and liquidation
premiums different or greater than those held by Subscribers. The issuance of additional Shares may dilute the ownership interest
of Subscribers in the Company.

 

(iii) The
business of the Company is dependent on the services of Mr. Robert Liscouski, its President, and Chief Executive Officer, and the
team of individuals the Company is currently assembling, each of whom possesses significant expertise and knowledge regarding the
business of the Company. The Company does not carry key man life insurance on any of them. Any loss or interruption of the services
of either of them could significantly reduce the Company’s ability to manage effectively its business, and an appropriate
replacement may not be readily obtained should the need arise.

 

(iv) There
is only a limited public market for the Stock, so there can be no assurance that Subscriber will be able to sell or dispose of
the Shares at any time. Subscriber must hold the Shares for at least six months, and any public disposition thereafter must be
made in compliance with Rule 144 under the Act. The Company is under no obligation to make the provisions of Rule 144 available
to Subscriber; therefore, a Subscriber must be able to bear the economic risk of the investment for an indefinite period of time.

 

(v) There are other companies
offering quantum computing products and services that are larger and likely have greater resources than the Company. These competitors
could ultimately affect our revenue and profitability.

 

(vi) Quantum Computing Inc. is
a development stage company. Investing in this sector is highly speculative. Regulations are unknown and could negatively affect
our business.

 

    6

     

    

 

(f) In making this
investment decision, Subscriber is relying solely on the Disclosure Materials and investigations made by it and its representatives.
The offer to purchase the Shares was communicated to Subscriber in such a manner that it was able to ask questions of and receive
answers from the management of the Company concerning the terms and conditions of the proposed transaction, and at no time was
Subscriber presented with or solicited by or through any advertisement, article, leaflet, public promotional meeting, notice or
other communication published in any newspaper, magazine or similar media or broadcast over television or radio or presented at
any seminar or meeting or any other form of general or public advertising or solicitation.

 

(g) Subscriber acknowledges
that it has been advised that the Shares offered hereby have not been approved or disapproved by the SEC or any state securities
commission, nor has the SEC or any state securities commission passed upon the accuracy or adequacy of any representations by the
Company. The Shares have not been recommended or endorsed by any federal or state securities commission or regulatory authority,
nor have such authorities confirmed the accuracy or determined the adequacy of any representation.

 

(h)
Subscriber acknowledges and is aware that there has never been any representation, guarantee or warranty made by the Company or
any officer, director, employee, agent or representative of the Company, expressly or by implication, as to (i) the approximate
or exact length of time that Subscriber will be required to remain a shareholder of the Company; (ii) the percentage of gain or
loss to be realized, if any, as a result of this investment; or (iii) that the past performance or experience on the part of the
Company, or any future expectations, will in any way indicate the predictable results of the ownership of Shares or of the overall
financial performance of the Company.

 

(i)
Subscriber represents and warrants that it is an “accredited investor” within the meaning of Rule 501(d) of Regulation
D under the Act, and Subscriber has executed the Certificate of Accredited Investor Status, attached hereto as Exhibit A.

 

(j)
Subscriber’s subscription and payment for, and its continued beneficial ownership of the Shares, will not violate any applicable
securities or other law, nor result in the breach of or constitute a default under any agreement, instrument, law or court decree
to which Subscriber is a party or by which it is bound. 

 

(k)
If Subscriber is a natural person, Subscriber has reached the age of majority in the state in which Subscriber resides, maintains
his or her domicile at the address shown on the signature page hereof, and the funds provided for acquiring the Shares are either
separate property or community property over which Subscriber has the right of control or are otherwise funds as to which it has
the sole right of management.

 

(l)
If this Agreement is executed and delivered on behalf of a partnership, corporation, trust, estate or other entity (an “Entity”):
(i) such Entity has the full legal right and power and all authority and approval required to execute and deliver, or authorize
execution and delivery of, this Agreement and all other instruments executed and delivered by or on behalf of such Entity in connection
with the purchase of the Shares and to purchase and hold such Shares, (ii) the signature of the party signing on behalf of such
Entity is binding upon such Entity; and (iii) such Entity has not been formed for the specific purpose of acquiring such Shares,
unless each beneficial owner of such entity is qualified as an accredited investor within the meaning of Rule 501(a) of Regulation
D promulgated under the Securities Act and has submitted information substantiating such individual qualification.

 

    7

     

    

 

(m)
If Subscriber is a retirement plan or is investing on behalf of a retirement plan, Subscriber acknowledges that investment in the
Stock poses additional risks including the inability to use losses generated by an investment in the Stock to offset taxable income.

 

5. Representations
and Warranties of The Company. The Company hereby represents and warrants to Subscriber as
follows:

 

(a)
The Company is duly incorporated, validly existing and in good standing under the laws of Delaware and is duly qualified to do
business as a foreign corporation in all jurisdictions in which the failure to be so qualified would materially and adversely affect
the business or financial condition, properties or operations of the Company.

 

(b)
The Company has duly authorized the issuance and sale of the Shares in accordance with the terms of this Subscription Agreement
by all requisite corporate action, and the execution, delivery and performance of any other agreements and instruments executed
in connection herewith subject, as set forth in Section 4(c) above, of the implementation of the Reverse Split and approval by
FINRA. This Agreement constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms,
except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application
affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific
performance, injunctive relief, or other equitable remedies, and (iii) to the extent the indemnification provisions contained
herein may be limited by applicable federal or state securities laws.

 

(c)
The proceeds from the Offering will be used by the Company for general working capital purposes including, sales and marketing,
fulfillment of the Company’s business plan, expenses associated with the protection of the Company’s intellectual property
related to the relatively new field of quantum computing, among other uses. 

 

(d)
The Disclosure Materials do not contain any untrue statement of a material fact or omit to state a material fact required to be
stated therein or necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading.

 

6. Confidentiality.
Subscriber understands, acknowledges and agrees with the Company that certain of the information
disclosed to Subscriber in connection with this investment decision may be confidential and non-public and agrees that all such
information shall be kept in confidence by Subscriber and neither used for its personal benefit (other than in connection with
this subscription) nor disclosed to any third party for any reason; provided, however, that this confidentiality obligation shall
not apply to any such information that (i) is part of the public knowledge or literature, (ii) becomes part of the public knowledge
or literature (except as a result of a breach of this provision) or (iii) is received from third parties (except third parties
who disclose such information in violation of any confidentiality agreements or obligations, including, without limitation, any
subscription agreement entered into with the Company). In addition, Subscriber may disclose any information as may be required
by law or applicable legal process; provided, however, to the extent permitted by law or applicable legal process, Subscriber shall
provide the Company at least five business days prior written notice before making any such disclosure. 

 

    8

     

    

 

7. Book
Entry Stock. Subscriber acknowledges that it may not, directly or indirectly, assign, transfer, offer, sell, pledge, hypothecate,
grant an option to purchase, make any short sale or otherwise dispose of or hedge all or any part of the Stock or solicit any offers
to buy, purchase or otherwise acquire or take a pledge of all or any part thereof) except in accordance with the registration provisions
of the Securities Act or an exemption from such registration provisions, and any applicable state or other securities laws. As
a result, the Shares acquired by Subscriber shall bear a restrictive legend substantially as follows:

 

“THE SECURITIES REPRESENTED BY
THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND STATE SECURITIES LAWS,
AND MAY NOT BE OFFERED FOR SALE, SOLD, ASSIGNED, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF UNLESS REGISTERED UNDER THE APPLICABLE
SECURITIES LAWS OR AN OPINION OF COUNSEL, WHICH OPINION AND COUNSEL ARE BOTH REASONABLY SATISFACTORY TO THE COMPANY, HAS BEEN DELIVERED
TO THE COMPANY STATING THAT THE SECURITIES MAY BE TRANSFERRED WITHOUT SUCH REGISTRATION.”

 

8. Survival;
Indemnification. All representations, warranties and covenants contained in this Agreement
and the indemnification contained in this Section 8 shall survive (i) the acceptance of this Agreement by the Company, (ii) changes
in the transactions, documents and instruments described herein which are not material or which are to the benefit of Subscriber,
and (iii) the death or disability of Subscriber. Subscriber acknowledges the meaning and legal consequences of the representations,
warranties and covenants in Section 4 hereof and that the Company has relied upon such representations, warranties and covenants
in determining Subscriber’s qualification and suitability to purchase the Shares. Subscriber hereby agrees to indemnify,
defend and hold harmless the Company, its officers, directors, employees, agents and controlling persons, from and against any
and all losses, claims, damages, liabilities, expenses (including attorneys’ fees and disbursements), judgments or amounts
paid in settlement of actions arising out of or resulting from the untruth of any representation of Subscriber herein or the breach
of any warranty or covenant herein by Subscriber. Notwithstanding the foregoing, however, no representation, warranty, covenant
or acknowledgment made herein by Subscriber shall in any manner be deemed to constitute a waiver of any rights granted to it under
the Securities Act or state securities laws.

 

9. Notices.
All notices, consents, demands or other communications required or permitted to be given pursuant to this Agreement shall be deemed
sufficiently given when delivered by facsimile transmission, confirmed in writing, by overnight delivery service, or three business
days after the posting thereof by first class mail, postage prepaid, to the appropriate party at its address set forth on the signature
page hereof or at such other address as any party shall have specified by notice in writing to the others.

 

    9

     

    

 

10. Amendment.
This Agreement may not be modified, waived or terminated except by an instrument in writing signed
by the party against whom enforcement of such modification, waiver or termination is sought. 

 

11. Binding
Effect. Except as otherwise provided herein, this Agreement shall be binding upon and inure
to the benefit of the parties and their heirs, executors, administrators, successors, legal representatives and assigns, and the
agreements, representations, warranties and acknowledgments contained herein shall be deemed to be made by and be binding upon
such heirs, executors, administrators, successors, legal representatives and assigns.

 

12. Entire
Agreement. This Agreement, including the Exhibits hereto, constitutes the entire agreement
of Subscriber and the Company relating to the matters contained herein, superseding all prior contracts or agreements, whether
oral or written.

 

13. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the
State of Delaware, without regard to the principles of conflicts of law thereof that would require the application of the laws
of any jurisdiction other than Delaware. In addition, the laws of the State of Delaware shall apply to any claims brought by any
parties hereto which relate to the Offering, whether or not such claim is based on contract law. Each party to this Agreement hereby
irrevocably agrees that any legal action or proceeding arising out of or relating to this Agreement or any agreements or transactions
contemplated hereby shall be brought in the courts of the State of Delaware or of the United States of America for the District
of Delaware and hereby expressly submits to the personal jurisdiction and venue of such courts for the purposes thereof and expressly
waives any claim of improper venue and any claim that such courts are an inconvenient forum. 

 

14. Counterparts.
This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement. A facsimile
copy of this executed Agreement shall be treated as an original.

 

15. Gender.
All personal pronouns used in this Agreement shall be deemed to include the masculine, feminine and neuter genders.

 

16. Placement
Agent. Certain of the Shares have been offered by the Company through one or more placement agents, each of whom will be
paid a commission by the Company on the subscriptions for Shares placed by such agent. The placement agents are not authorized
to negotiate for or represent the Company in the Offering, but have served only to bring together the Company and Subscriber in
this transaction.

 

    10

     

    

 

IN WITNESS WHEREOF,
Subscriber has executed this Subscription Agreement as of April _____, 2018.

 

Signature: ________________________

 

Print Name: ________________________

 

Title
(if Entity): ________________________

 

Address:
________________________

 

Tax ID No. (EIN or SSN):
________________________

 

Subscription Amount @ $.002 per Share

 

Number of Shares Subject
to this Subscription: ________________________

 

The Company hereby accepts the foregoing
subscription subject to the terms and conditions hereof as of ______________, 2018.

 

QUANTUM COMPUTING INC.

 

Signature: ________________________

 

Print
Name: ________________________

 

Title: ________________________

 

    11

     

    

 

Exhibit A

 

CERTIFICATE OF ACCREDITED INVESTOR STATUS

 

Except as may be indicated
by the undersigned below, the undersigned is an “accredited investor,” as that term is defined in Regulation D under
the Securities Act of 1933, as amended (the “Securities Act”). The undersigned has checked the box below indicating
the basis on which he, she or it is representing his, her or its status as an “accredited investor”:

 

		☐	a bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association
or other institution as defined in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity;
a broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended; an insurance company as
defined in Section 2(13) of the Securities Act; an investment company registered under the Investment Company Act of 1940 or a
business development company as defined in Section 2(a)(48) of that Act; a small business investment company licensed by the U.S.
Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958; a plan established and
maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for
the benefit of its employees, and such plan has total assets in excess of $5,000,000; an employee benefit plan within the meaning
of the Employee Retirement Income Security Act of 1974, if the investment decision is made by a plan fiduciary, as defined in Section
3(21) of such Act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or
if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made
solely by persons that are “accredited investors”;

 

		☐	a private business development company as defined in Section 202(a)(22) of the Investment Advisers
Act of 1940;

 

		☐	an organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts
or similar business trust, or partnership, not formed for the specific purpose of acquiring the securities offered, with total
assets in excess of $5,000,000;

 

		☐	a natural person whose individual net worth, or joint net worth with the undersigned’s spouse,
at the time of this purchase exceeds $1,000,000;

 

		☐	a natural person who had an individual income in excess of $200,000 in each of the two most recent
years or joint income with the undersigned’s spouse in excess of $300,000 in each of those years and has a reasonable expectation
of reaching the same income level in the current year;

 

		☐	a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring
the securities offered, whose purchase is directed by a person who has such knowledge and experience in financial and business
matters that he, she or it is capable of evaluating the merits and risks of the prospective investment;

 

		☐	an entity in which all of the equity holders are “accredited investors” by virtue of
their meeting one or more of the above standards; or

 

		☐	an individual who is a director or executive officer of Quantum Computing Inc.

 

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IN WITNESS WHEREOF,
the undersigned has executed this Certificate of Accredited Investor Status effective as of the ______ day of April, 2018.

 

	 	 
	 	Signature
	 	 
	 	Print Name: 
	 	 
	 	Title if Entity:

 

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