Document:

INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (“Agreement”), dated as of February 9, 2018, is by and between APPCOIN INNOVATIONS
INC., a Nevada corporation (the “Company”) and Edmund Moy (the “Indemnitee”).

 

WHEREAS:

 

A.
The Indemnitee is a director and/or an officer of the Company;

 

B.
Both the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors
and officers of public companies;

 

C.
The board of directors of the Company (the “Board”) has determined that enhancing the ability of the Company
to retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the
Company therefore should seek to assure such persons that indemnification and insurance coverage is available; and

 

D.
In recognition of the need to provide the Indemnitee with substantial protection against personal liability, in order to procure
the Indemnitee’s continued service as a director and/or officer of the Company and to enhance the Indemnitee’s ability
to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended
to be enforceable irrespective of, among other things, any amendment to the Company’s certificate of incorporation or bylaws
(collectively, the “Constituent Documents”), any change in the composition of the Board or any change in control
or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification
of, and the advancement of Expenses (as defined in Section 1(f) below) to, Indemnitee as set forth in this Agreement and to the
extent insurance is maintained for the continued coverage of Indemnitee under the Company’s directors’ and officers’
liability insurance policies.

 

NOW,
THEREFORE, in consideration of the foregoing and the Indemnitee’s agreement to continue to provide services to the Company,
the parties agree as follows:

 

	1.	Definitions.
    For purposes of this Agreement, the following terms shall have the following meanings:

 

	 	(a)	“Beneficial
    Owner” has the meaning given to the term “beneficial owner” in Rule 13d-3 under the Securities Exchange
    Act of 1934, as amended (the “Exchange Act”).
	 	 	 
	 	(b)	“Change
    in Control” means the occurrence after the date of this Agreement of any of the following events:

 

	 	(i)	any
    Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of
    the Company’s then outstanding Voting Securities unless the change in relative Beneficial Ownership of the Company’s
    securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled
    to vote generally in the election of directors;

 

    	 

    	-2-

    

 

	 	(ii)	the
    consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation,
    all of the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own,
    directly or indirectly, more than 50% of the combined voting power of the outstanding Voting Securities of the entity resulting
    from such transaction;
	 	 	 
	 	(iii)	during
    any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at
    the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board
    or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the
    directors then still in office who either were directors at the beginning of the period or whose election or nomination for
    election was previously so approved) cease for any reason to constitute at least a majority of the Board; or
	 	 	 
	 	(iv)	the
    stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale
    or disposition by the Company of all or substantially all of the Company’s assets.

 

	 	(c)	“Claim”
    means:

 

	 	(i)	any
    threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal,
    administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or
	 	 	 
	 	(ii)	any
    inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding
    or alternative dispute resolution mechanism.

 

	 	(d)	“Court”
    shall have the meaning ascribed to it in Section 9(e) below.
	 	 	 
	 	(e)	“Disinterested
    Director” means a director of the Company who is not and was not a party to the Claim in respect of which indemnification
    is sought by Indemnitee.
	 	 	 
	 	(f)	“Expenses”
    means any and all expenses, including reasonable attorneys’ and experts’ fees, court costs, transcript costs,
    travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in
    connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend,
    be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal
    resulting from any Claim, including without limitation the premium, security for, and other costs relating to any cost bond,
    supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 5 only, Expenses incurred by Indemnitee
    in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation
    or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or
    fines against Indemnitee.

 

    	 

    	-3-

    

 

	 	(g)	“Expense
    Advance” means any payment of Expenses advanced to Indemnitee by the Company pursuant to Section 4 or Section 5
    hereof.
	 	 	 
	 	(h)	“Indemnifiable
    Event” means any event or occurrence, whether occurring before, on or after the date of this Agreement, related
    to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary of the Company,
    or is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent of
    any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise (collectively
    with the Company, “Enterprise”) or by reason of an action or inaction by Indemnitee in any such capacity
    (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under
    this Agreement).
	 	 	 
	 	(i)	“Independent
    Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither
    presently performs, nor in the past two (2) years has performed, services for either: (i) the Company or Indemnitee (other
    than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements)
    or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
    the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
    conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in an action
    to determine the Indemnitee’s rights under this Agreement.
	 	 	 
	 	(j)	“Losses”
    means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other),
    ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local
    or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges
    paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal),
    or preparing to defend, be a witness or participate in, any Claim.
	 	 	 
	 	(k)	“Person”
    means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association,
    organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange
    Act.

 

    	 

    	-4-

    

 

	 	(l)	“Standard
    of Conduct Determination” shall have the meaning ascribed to it in Section 9(b) below.
	 	 	 
	 	(m)	“Voting
    Securities” means any securities of the Company that vote generally in the election of directors.

 

	2.	Services
    to the Company. The Indemnitee agrees to continue to serve as a director or officer of the Company for so long as the
    Indemnitee is duly elected or appointed or until the Indemnitee tenders his resignation or is no longer serving in such capacity.
    This Agreement shall not be deemed an employment agreement between the Company (or any of its subsidiaries or Enterprise)
    and the Indemnitee. The Indemnitee specifically acknowledges that his employment with or service to the Company or any of
    its subsidiaries or Enterprise, as applicable, is at will and the Indemnitee may be discharged at any time for any reason,
    with or without cause, except as may be otherwise provided in any written employment agreement between the Indemnitee and
    the Company (or any of its subsidiaries or Enterprise), other applicable formal severance policies duly adopted by the Board
    or, with respect to service as a director or officer of the Company, by the Company’s Constituent Documents or Nevada
    law. This Agreement shall continue in force after the Indemnitee has ceased to serve as a director or officer of the Company
    or, at the request of the Company, of any of its subsidiaries or Enterprise, as provided in Section 12 hereof.
	 	 
	3.	Indemnification.
    Subject to Section 9 and Section 10 of this Agreement, the Company shall indemnify the Indemnitee, to the fullest extent permitted
    by the laws of the State of Nevada in effect on the date hereof, or as such laws may from time to time hereafter be amended
    to increase the scope of such permitted indemnification, against any and all Losses if the Indemnitee was or is or becomes
    a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising
    in part out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims
    brought by third parties, and Claims in which the Indemnitee is solely a witness.
	 	 
	4.	Advancement
    of Expenses. The Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any
    Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably
    paid or incurred by the Indemnitee in connection with any Claim arising out of an Indemnifiable Event. The Indemnitee’s
    right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or
    effect of the foregoing, within 60 days after any request by the Indemnitee, the Company shall, in accordance with such request,
    (a) pay such Expenses on behalf of the Indemnitee, (b) advance to the Indemnitee funds in an amount sufficient to pay such
    Expenses, or (c) reimburse the Indemnitee for such Expenses. In connection with any request for Expense Advances, the Indemnitee
    shall not be required to provide any documentation or information to the extent that the provision thereof would undermine
    or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, the Indemnitee shall
    execute and deliver to the Company an undertaking (which shall be accepted without reference to the Indemnitee’s ability
    to repay the Expense Advances) to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the
    extent that it is ultimately determined, following the final disposition of such Claim, that the Indemnitee is not entitled
    to indemnification hereunder. The Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured
    and no interest shall be charged thereon.

 

    	 

    	-5-

    

 

	5.	Indemnification
    for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law, the Company shall also indemnify
    against, and, if requested by the Indemnitee, shall advance to the Indemnitee subject to and in accordance with Section 4,
    any Expenses actually and reasonably paid or incurred by the Indemnitee in connection with any action or proceeding by the
    Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this
    Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims
    relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies
    maintained by the Company. However, in the event that the Indemnitee is ultimately determined not to be entitled to such indemnification
    or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. The Indemnitee
    shall be required to reimburse the Company in the event that a final judicial determination is made that such action brought
    by the Indemnitee was frivolous or not made in good faith.
	 	 
	6.	Partial
    Indemnity. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a
    portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company
    shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled.
	 	 
	7.	Notification
    and Defense of Claims.

 

	 	(a)	Notification
    of Claims. The Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to
    an Indemnifiable Event or for which the Indemnitee could seek Expense Advances, including a brief description (based upon
    information then available to the Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by the Indemnitee
    to timely notify the Company hereunder shall not relieve the Company from any liability hereunder unless the Company’s
    ability to participate in the defense of such claim was materially and adversely affected by such failure/except that the
    Company shall not be liable to indemnify the Indemnitee under this Agreement with respect to any judicial award in a Claim
    related to an Indemnifiable Event if the Company was not given a reasonable and timely opportunity to participate at its expense
    in the defense of such action. If at the time of the receipt of such notice, the Company has directors’ and officers’
    liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the
    Company shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable
    policies. The Company shall provide to the Indemnitee a copy of such notice delivered to the applicable insurers, and copies
    of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently
    with the delivery or receipt thereof by the Company.

 

    	 

    	-6-

    

 

	 	(b)	Defense
    of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event
    at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense
    thereof with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its election
    to assume the defense of any such Claim, the Company shall not be liable to the Indemnitee under this Agreement or otherwise
    for any Expenses subsequently directly incurred by the Indemnitee in connection with the Indemnitee’s defense of such
    Claim other than reasonable costs of investigation or as otherwise provided below. The Indemnitee shall have the right to
    employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company
    of its assumption of the defense shall be at the Indemnitee’s own expense; provided, however, that if (i) the Indemnitee’s
    employment of its own legal counsel has been authorized by the Company, (ii) the Indemnitee has reasonably determined that
    there may be a conflict of interest between the Indemnitee and the Company in the defense of such Claim, (iii) after a Change
    in Control, the Indemnitee’s employment of its own counsel has been approved by the Independent Counsel or (iv) the
    Company shall not in fact have employed counsel to assume the defense of such Claim, then the Indemnitee shall be entitled
    to retain its own separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such
    Claim) and all Expenses related to such separate counsel shall be borne by the Company.

 

	8.	Procedure
    upon Application for Indemnification. In order to obtain indemnification pursuant to this Agreement, the Indemnitee shall
    submit to the Company a written request therefor, including in such request such documentation and information as is reasonably
    available to the Indemnitee and is reasonably necessary to determine whether and to what extent the Indemnitee is entitled
    to indemnification following the final disposition of the Claim, provided that documentation and information need not be so
    provided to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Indemnification
    shall be made insofar as the Company determines the Indemnitee is entitled to indemnification in accordance with Section 9
    below.
	 	 
	9.	Determination
    of Right to Indemnification.

 

	 	(a)	Mandatory
    Indemnification; Indemnification as a Witness.

 

	 	(i)	To
    the extent that the Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an
    Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including without limitation dismissal
    without prejudice, the Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section
    3 to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in Section 9(b)) shall be required.

 

    	 

    	-7-

    

 

	 	(ii)	To
    the extent that the Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and
    serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith
    to the fullest extent allowable by law and no Standard of Conduct Determination (as defined in Section 9(b)) shall be required.

 

	 	(b)	Standard
    of Conduct. To the extent that the provisions of Section 9(a) are inapplicable to a Claim related to an Indemnifiable
    Event that shall have been finally disposed of, any determination of whether the Indemnitee has satisfied any applicable standard
    of conduct under Nevada law that is a legally required condition to indemnification of the Indemnitee hereunder against Losses
    relating to such Claim and any determination that Expense Advances must be repaid to the Company (a “Standard of
    Conduct Determination”) shall be made as follows:

 

	 	(i)	if
    no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the
    Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though
    less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written opinion addressed
    to the Board, a copy of which shall be delivered to the Indemnitee; and
	 	 	 
	 	(ii)	if
    a Change in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested
    Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed
    to the Board, a copy of which shall be delivered to the Indemnitee.

 

The
Company shall indemnify and hold harmless the Indemnitee against and, if requested by the Indemnitee, shall reimburse the Indemnitee
for, or advance to the Indemnitee, within 60 days of such request, any and all Expenses incurred by the Indemnitee in cooperating
with the person or persons making such Standard of Conduct Determination.

 

	 	(c)	Making
    the Standard of Conduct Determination. The Company shall use its reasonable best efforts to cause any Standard of Conduct
    Determination required under Section 9(b) to be made as promptly as practicable. If the person or persons designated to make
    the Standard of Conduct Determination under Section 9(b) shall not have made a determination within 30 days after the later
    of (A) receipt by the Company of a written request from the Indemnitee for indemnification pursuant to Section 8 (the date
    of such receipt being the “Notification Date”) and (B) the selection of an Independent Counsel, if such
    determination is to be made by Independent Counsel, then the Indemnitee shall be deemed to have satisfied the applicable standard
    of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional 30 days, if
    the person or persons making such determination in good faith requires such additional time to obtain or evaluate information
    relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of the Indemnitee
    to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim.

 

    	 

    	-8-

    

 

	 	(d)	Payment
    of Indemnification. If, in regard to any Losses:

 

	 	(i)	the
    Indemnitee shall be entitled to indemnification pursuant to Section 9(a);
	 	 	 
	 	(ii)	no
    Standard Conduct Determination is legally required as a condition to indemnification of the Indemnitee hereunder; or
	 	 	 
	 	(iii)	the
    Indemnitee has been determined or deemed pursuant to Section 9(b) or Section 9(c) to have satisfied the Standard of Conduct
    Determination, then the Company shall pay to the Indemnitee, within ten days after the later of (A) the Notification Date
    or (B) the earliest date on which the applicable criterion specified in clause (i), (ii) or (iii) is satisfied, an amount
    equal to such Losses.

 

	 	(e)	Selection
    of Independent Counsel for Standard of Conduct Determination. If a Standard of Conduct Determination is to be made by
    Independent Counsel pursuant to Section 9(b)(i), the Independent Counsel shall be selected by the Board of Directors, and
    the Company shall give written notice to the Indemnitee advising him of the identity of the Independent Counsel so selected.
    If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(ii), the Independent
    Counsel shall be selected by the Indemnitee, and the Indemnitee shall give written notice to the Company advising it of the
    identity of the Independent Counsel so selected. In either case, the Indemnitee or the Company, as applicable, may, within
    five days after receiving written notice of selection from the other, deliver to the other a written objection to such selection;
    provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not
    satisfy the criteria set forth in the definition of “Independent Counsel” in Section 1(i), and the objection
    shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person or
    firm so selected shall act as Independent Counsel. If such written objection is properly and timely made and substantiated,
    (i) the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn
    or a court has determined that such objection is without merit; and (ii) the non-objecting party may, at its option, select
    an alternative Independent Counsel and give written notice to the other party advising such other party of the identity of
    the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences,
    the introductory clause of this sentence and numbered clause (i) of this sentence shall apply to such subsequent selection
    and notice. If applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative
    selections. If no Independent Counsel that is permitted under the foregoing provisions of this Section 9(e) to make the Standard
    of Conduct Determination shall have been selected within 20 days after the Company gives its initial notice pursuant to the
    first sentence of this Section 9(e) or the Indemnitee gives its initial notice pursuant to the second sentence of this Section
    9(e), as the case may be, either the Company or the Indemnitee may petition a court in Nevada (the “Court”)
    to resolve any objection which shall have been made by the Company or the Indemnitee to the other’s selection of Independent
    Counsel and/or to appoint as Independent Counsel a person to be selected by the Court or such other person as the Court shall
    designate, and the person or firm with respect to whom all objections are so resolved or the person or firm so appointed will
    act as Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses of the Independent
    Counsel incurred in connection with the Independent Counsel’s determination pursuant to Section 9(b).

 

    	 

    	-9-

    

 

	 	(f)	Presumptions
    and Defenses.

 

	 	(i)	Indemnitee’s
    Entitlement to Indemnification. In making any Standard of Conduct Determination, the person or persons making such determination
    shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and
    the Company shall have the burden of proof to overcome that presumption and establish that the Indemnitee is not so entitled.
    Any Standard of Conduct Determination that is adverse to the Indemnitee may be challenged by the Indemnitee in the Court.
    No determination by the Company (including by its directors or any Independent Counsel) that the Indemnitee has not satisfied
    any applicable standard of conduct may be used as a defense to any legal proceedings brought by the Indemnitee to secure indemnification
    or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that the Indemnitee has not
    met any applicable standard of conduct.
	 	 	 
	 	(ii)	Reliance
    as a Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the
    following circumstances do not exist, the Indemnitee shall be deemed to have acted in good faith and in a manner he reasonably
    believed to be in or not opposed to the best interests of the Company if the Indemnitee’s actions or omissions to act
    are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information,
    opinions, reports or statements furnished to the Indemnitee by the officers or employees of the Company or any of its subsidiaries
    in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants
    and financial advisors) as to matters the Indemnitee reasonably believes are within such other Person’s professional
    or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge
    and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to the
    Indemnitee for purposes of determining the right to indemnity hereunder.

 

    	 

    	-10-

    

 

	 	(iii)	No
    Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether
    with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption
    that the Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification
    hereunder is otherwise not permitted.
	 	 	 
	 	(iv)	Defense
    to Indemnification and Burden of Proof. It shall be a defense to any action brought by the Indemnitee against the Company
    to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim
    related to an Indemnifiable Event in advance of its final disposition) that it is not permissible under applicable law for
    the Company to indemnify the Indemnitee for the amount claimed. In connection with any such action or any related Standard
    of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the applicable standard
    of conduct shall be on the Company.
	 	 	 
	 	(v)	Resolution
    of Claims. The Company acknowledges that a settlement or other disposition short of final judgment may be successful on
    the merits or otherwise for purposes of Section 9(a)(i) if it permits a party to avoid expense, delay, distraction, disruption
    and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which the Indemnitee is a party is resolved
    in any manner other than by adverse judgment against the Indemnitee (including, without limitation, settlement of such action,
    claim or proceeding with our without payment of money or other consideration) it shall be presumed that the Indemnitee has
    been successful on the merits or otherwise for purposes of Section 9(a)(i). The Company shall have the burden of proof to
    overcome this presumption.

 

	10.	Exclusions
    from Indemnification. Notwithstanding anything in this Agreement to the contrary, the Company shall not be obligated to:

 

	 	(a)	indemnify
    or advance funds to the Indemnitee for Expenses or Losses with respect to proceedings initiated by the Indemnitee, including
    any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense,
    except:

 

	 	(i)	proceedings
    referenced in Section 5 above (unless a court of competent jurisdiction determines that each of the material assertions made
    by the Indemnitee in such proceeding was not made in good faith or was frivolous); or

 

    	 

    	-11-

    

 

 

	 	(ii)	where
    the Company has joined in or the Board has consented to the initiation of such proceedings;

 

	 	(b)	indemnify
    the Indemnitee if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited
    by applicable law;
	 	 	 
	 	(c)	indemnify
    the Indemnitee for the disgorgement of profits arising from the purchase or sale by the Indemnitee of securities of the Company
    in violation of Section 16(b) of the Exchange Act, or any similar successor statute; and
	 	 	 
	 	(d)	indemnify
    or advance funds to the Indemnitee for the Indemnitee’s reimbursement to the Company of any bonus or other incentive-based
    or equity-based compensation previously received by the Indemnitee or payment of any profits realized by the Indemnitee from
    the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
    under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or
    the payment to the Company of profits arising from the purchase or sale by the Indemnitee of securities in violation of Section
    306 of the Sarbanes-Oxley Act).

 

	11.	Settlement
    of Claims. The Company shall not be liable to the Indemnitee under this Agreement for any amounts paid in settlement of
    any threatened or pending Claim related to an Indemnifiable Event effected without the Company’s prior written consent,
    which shall not be unreasonably withheld; provided, however, that if a Change in Control has occurred, the Company shall be
    liable for indemnification of the Indemnitee for amounts paid in settlement if an Independent Counsel has approved the settlement.
    The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses on the
    Indemnitee without the Indemnitee’s prior written consent.
	 	 
	12.	Duration.
    All agreements and obligations of the Company contained herein shall continue during the period that the Indemnitee is a director
    or officer of the Company (or is serving at the request of the Company as a director, officer, employee, member, trustee or
    agent of another Enterprise) and shall continue thereafter (i) so long as the Indemnitee may be subject to any possible Claim
    relating to an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout the pendency of any proceeding
    (including any rights of appeal thereto) commenced by the Indemnitee to enforce or interpret his or her rights under this
    Agreement, even if, in either case, he or she may have ceased to serve in such capacity at the time of any such Claim or proceeding.
	 	 
	13.	Non-Exclusivity.
    The rights of the Indemnitee hereunder will be in addition to any other rights the Indemnitee may have under the Constituent
    Documents, the general corporate law of the State of Nevada, any other contract or otherwise (collectively, “Other
    Indemnity Provisions”); provided, however, that (a) to the extent that the Indemnitee otherwise would have any greater
    right to indemnification under any Other Indemnity Provision, the Indemnitee will be deemed to have such greater right hereunder
    and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification
    than that provided under this Agreement as of the date hereof, the Indemnitee will be deemed to have such greater right hereunder.
    The Company will not adopt any amendment to any of the Constituent Documents the effect of which would be to deny, diminish
    or encumber the Indemnitee’s right to indemnification under this Agreement or any Other Indemnity Provision.

 

    	 

    	-12-

    

 

	14.	Liability
    Insurance. For the duration of the Indemnitee’s service as a director and/or officer of the Company, and thereafter
    for so long as the Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall
    use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof)
    to continue to maintain in effect policies of directors’ and officers’ liability insurance providing coverage
    that is at least substantially comparable in scope and amount to that provided by the Company’s current policies of
    directors’ and officers’ liability insurance. In all policies of directors’ and officers’ liability
    insurance maintained by the Company, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee
    the same rights and benefits as are provided to the most favorably insured of the Company’s directors, if the Indemnitee
    is a director, or of the Company’s officers, if the Indemnitee is an officer (and not a director) by such policy. Upon
    request, the Company will provide to the Indemnitee copies of all directors’ and officers’ liability insurance
    applications, binders, policies, declarations, endorsements and other related materials.
	 	 
	15.	No
    Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to the Indemnitee in
    respect of any Losses to the extent the Indemnitee has otherwise received payment under any insurance policy, the Constituent
    Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.
	 	 
	16.	Subrogation.
    In the event of payment to the Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment
    to all of the rights of recovery of the Indemnitee. The Indemnitee shall execute all papers required and shall do everything
    that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively
    to bring suit to enforce such rights.
	 	 
	17.	Amendments.
    No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties
    hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the
    party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions
    hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein,
    no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

 

    	 

    	-13-

    

 

	18.	Binding
    Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and
    their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to
    all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives.
    The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
    to all, substantially all or a substantial part of the business and/or assets of the Company, by written agreement in form
    and substances satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner
    and to the same extent that the Company would be required to perform if no such succession had taken place.
	 	 
	19.	Severability.
    The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any portion
    thereof) are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining
    provisions shall remain enforceable to the fullest extent permitted by law. Upon such determination that any term or other
    provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement
    so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the
    transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.
	 	 
	20.	Notices.
    All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly
    given if delivered by hand, against receipt, or mailed, by postage prepaid, certified or registered mail:

 

	 	(a)	if
    to the Indemnitee, to the address set forth on the signature page hereto.
	 	 	 
	 	(b)	if
    to the Company, to:

 

	 	AppCoin
    Innovations Inc.
	 	561
    Indiana Court
	 	Venice
    Beach, CA 90291
	 	 
	 	Attention:	Michael
    Blum
	 	Email:	Michael.blum@appcoininnovations.com

 

Notice
of change of address shall be effective only when given in accordance with this Section. All notices complying with this Section
shall be deemed to have been received on the date of hand delivery or on the third business day after mailing.

 

	21.	Governing
    Law and Forum. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State
    of Nevada applicable to contracts made and to be performed in such state without giving effect to its principles of conflicts
    of laws.
	 	 
	22.	Headings.
    The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
    constitute part of this Agreement or to affect the construction or interpretation thereof.
	 	 
	23.	Counterparts.
    This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original,
    but all of which together shall constitute one and the same Agreement.

 

    	 

    	-14-

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

 

	APPCOIN
    INNOVATIONS INC.	 
	 	 	 
	Per:	/s/Michael
    Blum	 
	 	Name:	Michael
Blum	 
	 	Title:	CFO	 

 

	INDEMNITEE	 
	 	 
	/s/
    Edmund Moy	 
	 	 
	Name:
    Edmund Moy	 
	 	 
	Address:
    4251 Campbell Avenue, Suite 313	 
	Arlington,
    Virginia 22206Exhibit
4.1

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT
BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN
A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE
144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT
OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	 	Right
    to Purchase ______ shares of Common Stock of Jerrick Media Holdings, Inc. (subject to adjustment as provided herein)

 

COMMON
STOCK PURCHASE WARRANT

 

	No.
    	Issue
    Date:

 

JERRICK
MEDIA HOLDINGS, INC., a corporation organized under the laws of the State of Nevada (the “Company”), hereby
certifies that, for value received, ________________, with an address at _______________________, or its assigns (the “Holder”),
is entitled, subject to the terms set forth below, to purchase from the Company at any time after the Issue Date until 5:00 p.m.,
E.D.T. on the four (4) year anniversary of the Issue Date (the “Expiration Date”), up to ________ fully paid
and non-assessable shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”) at
a per share purchase price of $0.20. The aforedescribed purchase price per share, as adjusted from time to time as herein provided,
is referred to herein as the “Purchase Price.” The number and character of such shares of Common Stock and
the Purchase Price are subject to adjustment as provided herein. The Company may reduce the Purchase Price for some or all of
the Warrants, temporarily or permanently, provided such reduction is made as to all outstanding Warrants for all Holders
of such Warrants. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain
Securities Purchase Agreement (the “Purchase Agreement”) entered into by the Company and Holder pursuant to
which this Warrant has been issued.

 

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

 

(a)
The term “Company” shall mean Jerrick Media Holdings, Inc., a Nevada corporation.

 

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

 

(c)
The term “Other Securities” refers to any stock (other than Common Stock) and other securities of the Company
or any other person (corporate or otherwise) which the holder of the Warrant at any time shall be entitled to receive, or shall
have received, on the exercise of the Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable
or shall have been issued in exchange for or in replacement of Common Stock or Other Securities pursuant to Section 5 hereof
or otherwise.

 

     

     

    

 

(d)
The term “Warrant Shares” shall mean the Common Stock issuable upon exercise of this Warrant.

  

1.
Exercise of Warrant.

 

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

 

1.2.
Full Exercise. This Warrant may be exercised in full by the Holder hereof by delivery to the Company of an original or
facsimile copy of the form of subscription attached as Exhibit A hereto (the “Subscription Form”) duly
executed by such Holder and delivered within two (2) business days thereafter of payment, in cash, wire transfer or by certified
or official bank check payable to the order of the Company, in the amount obtained by multiplying the number of shares of Common
Stock for which this Warrant is then exercisable by the Purchase Price then in effect. The original Warrant is not required to
be surrendered to the Company until it has been fully exercised.

 

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

  

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

 

(a)
If the Company’s Common Stock is traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market, the
NASDAQ Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, then the average of the closing sale prices of the
Common Stock for the five (5) trading days immediately prior to (but not including) the Determination Date;

 

(b)
If the Company’s Common Stock is not traded on an exchange or on the NASDAQ Global Market, NASDAQ Global Select Market,
the NASDAQ Capital Market, the New York Stock Exchange or the NYSE AMEX Equities, but is traded on the OTC Bulletin Board or in
the over-the-counter market or Pink Sheets, then the average of the closing bid and ask prices reported for the five (5) trading
days immediately prior to (but not including) the Determination Date;

 

(c)
Except as provided in clause (d) below and Section 3.1 hereof, if the Company’s Common Stock is not publicly traded,
then as the Holder and the Company shall mutually agree, or in the absence of such an agreement after good faith efforts of the
Company and the Holder to reach an agreement, by arbitration in accordance with the rules then standing of the American Arbitration
Association, before a single arbitrator to be chosen from a panel of persons qualified by education and training to pass on the
matter to be decided; or

 

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

 

    	 	2	 

     

    

 

1.5.
Company Acknowledgment. The Company will, at the time of the exercise of the Warrant, upon the request of the Holder hereof,
acknowledge in writing its continuing obligation to afford to such Holder any rights to which such Holder shall continue to be
entitled after such exercise in accordance with the provisions of this Warrant. If the Holder shall fail to make any such request,
such failure shall not affect the continuing obligation of the Company to afford to such Holder any such rights.

 

1.6.
Delivery of Stock Certificates, etc. on Exercise. The Company agrees that, provided the purchase price listed in the Subscription
Form is received as specified in Section 2 hereof, the shares of Common Stock purchased upon exercise of this Warrant shall
be deemed to be issued to the Holder hereof as the record owner of such shares as of the close of business on the date on which
delivery of a Subscription Form shall have occurred and payment made for such shares as aforesaid. As soon as practicable after
the exercise of this Warrant in full or in part and the payment is made, and in any event within five (5) business days thereafter
(“Warrant Share Delivery Date”), the Company, at its expense (including the payment by it of any applicable
issue taxes), will cause to be issued in the name of, and delivered to, the Holder hereof, or as such Holder (upon payment by
such Holder of any applicable transfer taxes) may direct in compliance with applicable securities laws, a certificate or certificates
for the number of duly and validly issued, fully paid and non-assessable shares of Common Stock (or Other Securities) to which
such Holder shall be entitled on such exercise, plus, in lieu of any fractional share to which such Holder would otherwise be
entitled, cash equal to such fraction multiplied by the then Fair Market Value of one full share of Common Stock, together with
any other stock or other securities and property (including cash, where applicable) to which such Holder is entitled upon such
exercise pursuant to Section 1 hereof or otherwise. The Company understands that a delay in the delivery of the Warrant
Shares after the Warrant Share Delivery Date could result in economic loss to the Holder. As compensation to the Holder for such
loss, the Company agrees to pay (as liquidated damages and not as a penalty) to the Holder for late issuance of Warrant Shares
upon exercise of this Warrant the proportionate amount of $100 per business day after the Warrant Share Delivery Date for each
$10,000 of Purchase Price of Warrant Shares for which this Warrant is exercised which are not timely delivered. The Company shall
promptly pay any payments incurred under this Section in immediately available funds upon demand. Furthermore, in addition to
any other remedies which may be available to the Holder, in the event that the Company fails for any reason to effect delivery
of the Warrant Shares by the Warrant Share Delivery Date, the Holder may revoke all or part of the relevant Warrant exercise by
delivery of a written notice to such effect to the Company, whereupon the Company and the Holder shall each be restored to their
respective positions immediately prior to the exercise of the relevant portion of this Warrant, except that the liquidated damages
described above shall be payable through the date notice of revocation or rescission is given to the Company.

 

1.7.
Buy-In. In addition to any other rights available to the Holder, if the Company fails to deliver to a Holder the Warrant
Shares as required pursuant to this Warrant, and the Holder or a broker on the Holder’s behalf, purchases (in an open market
transaction or otherwise) shares of Common Stock to deliver in satisfaction of a sale by such Holder of the Warrant Shares which
the Holder was entitled to receive from the Company (a “Buy-In”), then the Company shall pay in cash to the
Holder (in addition to any remedies available to or elected by the Holder) the amount by which (A) the Holder’s total purchase
price (including brokerage commissions, if any) for the shares of Common Stock so purchased exceeds (B) the aggregate Purchase
Price of the Warrant Shares required to have been delivered together with interest thereon at a rate of 15% per annum, accruing
until such amount and any accrued interest thereon is paid in full (which amount shall be paid as liquidated damages and not as
a penalty). For purposes of illustration, if a Holder purchases shares of Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to $10,000 of Purchase Price of Warrant Shares to have been received upon exercise of this Warrant,
the Company shall be required to pay the Holder $1,000, plus interest. The Holder shall provide the Company written notice indicating
the amounts payable to the Holder in respect of the Buy-In, which shall include evidence of the price at which such Holder had
to purchase the Common Stock in an open-market transaction or otherwise.

 

2.
Payment of Purchase Price; Cashless Exercise.

 

(a)
Payment upon exercise may be made at the written option of the Holder either in (i) cash, wire transfer or by certified or official
bank check payable to the order of the Company equal to the applicable aggregate Purchase Price, (ii) by delivery of Common Stock
issuable upon exercise of the Warrants in accordance with Section (b) below or (iii) by a combination of any of the foregoing
methods, in each case accompanied by delivery of a properly endorsed Subscription Form, for the number of Common Stock specified
in such form (as such exercise number shall be adjusted to reflect any adjustment in the total number of shares of Common Stock
issuable to the Holder per the terms of this Warrant) and the Holder shall thereupon be entitled to receive the number of duly
authorized, validly issued, fully-paid and non-assessable shares of Common Stock (or Other Securities) determined as provided
herein. Notwithstanding the immediately preceding sentence, payment upon exercise may be made in the manner described in Section
2(b) below only with respect to Warrant Shares not included for unrestricted public resale in an effective registration
statement on the date notice of exercise is given by the Holder.

 

    	 	3	 

     

    

 

(b)
If the Fair Market Value of one share of Common Stock is greater than the Purchase Price (at the date of calculation as set forth
below), in lieu of exercising this Warrant for cash, the Holder, eligible at any time, may elect to receive shares equal to the
value (as determined below) of this Warrant (or the portion thereof being cancelled) by delivery of a properly endorsed Subscription
Form delivered to the Company by any means described in Section 13 hereof, in which event the Company shall issue to the
holder a number of shares of Common Stock computed using the following formula:

 

X=Y
(A-B)

          A

 

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

         

	 	A=	Fair
                                         Market Value

         

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

 

For
purposes of Rule 144 promulgated under the 1933 Act, it is intended, understood and acknowledged that the Warrant Shares issued
in a cashless exercise transaction in the manner described above shall be deemed to have been acquired by the Holder, and the
holding period for the Warrant Shares shall be deemed to have commenced, on the date this Warrant was originally issued.

  

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

 

3.1.
Fundamental Transaction. If, at any time while this Warrant is outstanding, (A) the Company effects any merger or consolidation
of the Company with or into another entity, (B) the Company effects any sale of all or substantially all of its assets in one
or a series of related transactions, (C) any tender offer or exchange offer (whether by the Company or another entity) is completed
pursuant to which holders of Common Stock are permitted to tender or exchange their shares for other securities, cash or property,
(D) the Company consummates a stock purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, or spin-off) with one or more persons or entities whereby such other persons or entities acquire more than the
50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by such other persons or entities
making or party to, or associated or affiliated with the other persons or entities making or party to, such stock purchase agreement
or other business combination), (E) any “person” or “group” (as these terms are used for purposes of Sections
13(d) and 14(d) of the 1934 Act) 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 Common Stock of the Company, or (F) the Company effects any reclassification
of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged
for other securities, cash or property (in any such case, a “Fundamental Transaction”), then, upon any subsequent
exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon
such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder, (a) upon exercise
of this Warrant, the number of shares of Common Stock of the successor or acquiring corporation or of the Company, if it is the
surviving corporation, and any additional consideration (the “Alternate Consideration”) receivable upon or
as a result of such reorganization, reclassification, merger, consolidation or disposition of assets by a Holder of the number
of shares of Common Stock for which this Warrant is exercisable immediately prior to such event or (b) if the Company is acquired
in (1) a transaction where the consideration paid to the holders of the Common Stock consists solely of cash, (2) a “Rule
13e-3 transaction” as defined in Rule 13e-3 under the 1934 Act, or (3) a transaction involving a person or entity not traded
on a national securities exchange, the Nasdaq Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market, cash
equal to the Black-Scholes Value (as defined herein). For purposes of any such exercise, the determination of the Purchase Price
shall be appropriately adjusted to apply to such Alternate Consideration based on the amount of Alternate Consideration issuable
in respect of one share of Common Stock in such Fundamental Transaction, and the Company shall apportion the Purchase Price among
the Alternate Consideration in a reasonable manner reflecting the relative value of any different components of the Alternate
Consideration. If holders of Common Stock are given any choice as to the securities, cash or property to be received in a Fundamental
Transaction, then the Holder shall be given the same choice as to the Alternate Consideration it receives upon any exercise of
this Warrant following such Fundamental Transaction. To the extent necessary to effectuate the foregoing provisions, any successor
to the Company or surviving entity in such Fundamental Transaction shall issue to the Holder a new warrant consistent with the
foregoing provisions and evidencing the Holder’s right to exercise such warrant into Alternate Consideration. The terms
of any agreement pursuant to which a Fundamental Transaction is effected include terms requiring any such successor or surviving
entity to comply with the provisions of this Section 3.1 and insuring that this Warrant (or any such replacement security)
will be similarly adjusted upon any subsequent transaction analogous to a Fundamental Transaction. “Black-Scholes Value”
shall be determined in accordance with the Black-Scholes Option Pricing Model obtained from the “OV” function on Bloomberg
L.P. using (i) a price per share of Common Stock equal to the Volume Weighted Average Price of the Common Stock for the Trading
Day immediately preceding the date of consummation of the applicable Fundamental Transaction, (ii) a risk-free interest rate corresponding
to the U.S. Treasury rate for a period equal to the remaining term of this Warrant as of the date of such request and (iii) an
expected volatility equal to the 100 day volatility obtained from the HVT function on Bloomberg L.P. determined as of the Trading
Day immediately following the public announcement of the applicable Fundamental Transaction.

  

    	 	4	 

     

    

 

3.2.
Continuation of Terms. Upon any reorganization, consolidation, merger or transfer (and any dissolution following any transfer)
referred to in this Section 3 hereof, this Warrant shall continue in full force and effect and the terms hereof shall be
applicable to the Other Securities and property receivable on the exercise of this Warrant after the consummation of such reorganization,
consolidation or merger or the effective date of dissolution following any such transfer, as the case may be, and shall be binding
upon the issuer of any Other Securities, including, in the case of any such transfer, the person acquiring all or substantially
all of the properties or assets of the Company, whether or not such person shall have expressly assumed the terms of this Warrant
as provided in Section 5 hereof.

 

4.
Registration Rights. The Holder of this Warrant shall have such registration rights for the Warrant Shares as are contained
in the Purchase Agreement.

 

5.
Extraordinary Events Regarding Common Stock. In the event that the Company shall (a) issue additional shares of Common
Stock as a dividend or other distribution on outstanding Common Stock, (b) subdivide its outstanding shares of Common Stock, or
(c) combine its outstanding shares of the Common Stock into a smaller number of shares of Common Stock, then, in each such event,
the Purchase Price shall, simultaneously with the happening of such event, be adjusted by multiplying the then Purchase Price
by a fraction, the numerator of which shall be the number of shares of Common Stock outstanding immediately prior to such event
and the denominator of which shall be the number of shares of Common Stock outstanding immediately after such event, and the product
so obtained shall thereafter be the Purchase Price then in effect. The Purchase Price, as so adjusted, shall be readjusted in
the same manner upon the happening of any successive event or events described in this Section 5. The number of shares
of Common Stock that the Holder of this Warrant shall thereafter, on the exercise hereof, be entitled to receive shall be adjusted
to a number determined by multiplying the number of shares of Common Stock that would otherwise (but for the provisions of this
Section 5) be issuable on such exercise by a fraction of which (a) the numerator is the Purchase Price that would otherwise
(but for the provisions of this Section 5) be in effect, and (b) the denominator is the Purchase Price in effect on the
date of such exercise.

 

6.
Certificate as to Adjustments. In each case of any adjustment or readjustment in the shares of Common Stock (or Other Securities)
issuable on the exercise of the Warrants or in the Purchase Price, the Company at its expense will promptly cause its Chief Financial
Officer or other appropriate designee to compute such adjustment or readjustment in accordance with the terms of the Warrant and
prepare a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which such adjustment
or readjustment is based, including a statement of (a) the consideration received or receivable by the Company for any additional
shares of Common Stock (or Other Securities) issued or sold or deemed to have been issued or sold, (b) the number of shares of
Common Stock (or Other Securities) outstanding or deemed to be outstanding, and (c) the Purchase Price and the number of shares
of Common Stock to be received upon exercise of this Warrant, in effect immediately prior to such adjustment or readjustment and
as adjusted or readjusted as provided in this Warrant. The Company will forthwith mail a copy of each such certificate to the
Holder of the Warrant and any Warrant Agent (as defined herein) of the Company (appointed pursuant to Section 11 hereof).
Holder will be entitled to the benefit of the adjustment regardless of the giving of such notice. The timely giving of such notice
to Holder is a material obligation of the Company.

  

7.
Reservation of Stock, etc. Issuable on Exercise of Warrant; Financial Statements. The Company will at all times reserve
and keep available, solely for issuance and delivery on the exercise of the Warrants, all shares of Common Stock (or Other Securities)
from time to time issuable on the exercise of the Warrant. This Warrant entitles the Holder hereof, upon written request, to receive
copies of all financial and other information distributed or required to be distributed to the holders of the Company’s
Common Stock.

 

    	 	5	 

     

    

 

8.
Assignment; Exchange of Warrant. Subject to compliance with applicable securities laws, this Warrant, and the rights evidenced
hereby, may be transferred by any registered holder hereof (a “Transferor”). On the surrender for exchange
of this Warrant, with the Transferor’s endorsement in the form of Exhibit B attached hereto (the “Transferor
Endorsement Form”) and together with an opinion of counsel reasonably satisfactory to the Company that the transfer
of this Warrant will be in compliance with applicable securities laws, the Company will issue and deliver to or on the order of
the Transferor thereof a new Warrant or Warrants of like tenor, in the name of the Transferor and/or the transferee(s) specified
in such Transferor Endorsement Form (each a “Transferee”), calling in the aggregate on the face or faces thereof
for the number of shares of Common Stock called for on the face or faces of the Warrant so surrendered by the Transferor.

 

9.
Replacement of Warrant. On receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction or
mutilation of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, on delivery of an indemnity
agreement or security reasonably satisfactory in form and amount to the Company or, in the case of any such mutilation, on surrender
and cancellation of this Warrant, the Company at its expense, twice only, will execute and deliver, in lieu thereof, a new Warrant
of like tenor.

 

10.
Maximum Exercise. The Holder shall not be entitled to exercise this Warrant on an exercise date, in connection with that
number of shares of Common Stock which would be in excess of the sum of (i) the number of shares of Common Stock beneficially
owned by the Holder and its Affiliates on an exercise date, and (ii) the number of shares of Common Stock issuable upon the exercise
of this Warrant with respect to which the determination of this limitation is being made on an exercise date, which would result
in beneficial ownership by the Holder and its Affiliates of more than 4.99% of the outstanding shares of Common Stock on such
date. For the purposes of the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section
13(d) of the 1934 Act and Rule 13d-3 thereunder. Subject to the foregoing, the Holder shall not be limited to aggregate exercises
which would result in the issuance of more than 4.99%. The Holder may allocate which of the equity of the Company deemed beneficially
owned by the Holder shall be included in the 4.99% amount described above and which shall be allocated to the excess above 4.99%.
The restriction described in this paragraph may be waived, in whole or in part, upon sixty-one (61) days’ prior notice from
the Holder to the Company to increase such percentage.

  

11.
Transfer on the Company’s Books. Until this Warrant is transferred on the books of the Company, the Company may treat
the registered holder hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

  

12.
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received), or (b) on the second business day following the date of mailing by
express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first
occur. The addresses for such communications shall be: (i) if to the Company, to Jerrick Media Holdings, Inc., 202 South Dean
Street, Englewood, NJ, Attn: Jeremy Frommer, with a copy by fax only to (which shall not constitute notice) Lucosky Brookman LLP,
101 Wood Avenue South, 5th Floor, Iselin, NJ 08830, Attn: Joseph M. Lucosky, Esq., facsimile: (732) 395-4401, and (ii) if to the
Holder, to the address and facsimile number listed on the first paragraph of this Warrant.

 

13.
Law Governing This Warrant. This Warrant shall be governed by and construed in accordance with the laws of the State of
New Jersey without regard to its principles of conflicts of laws or of any other State. Any action brought by either party hereto
against the other concerning the transactions contemplated by this Warrant shall be brought only in the state courts of New Jersey
or in the federal courts located in the state of New Jersey. The parties to this Warrant hereby irrevocably waive any objection
to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or
venue or based upon forum non conveniens. The Company and the Holder waive trial by jury. The prevailing party shall
be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event that any provision of
this Warrant or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable statute
or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform to, such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law
shall not affect the validity or enforceability of any other provision of any agreement. Each party hereto hereby irrevocably
waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this
Warrant or any other transaction document by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under this Warrant and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit
in any way any right to serve process in any other manner permitted by law.

 

[-Signature
Page Follows-]

 

    	 	6	 

     

    

 

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

 

	 	JERRICK
    MEDIA HOLDINGS, INC.
	 	 
	 	By:	 
	 	Name: 	Jeremy
    Frommer
	 	Title: 	Chief
    Executive Officer

 

    	 	7	 

     

    

Exhibit
A

 

FORM
OF EXERCISE

(to
be signed only on exercise of Warrant)

 

TO:
JERRICK MEDIA HOLDINGS, INC.

 

The
undersigned, pursuant to the provisions set forth in the attached Warrant (No.____), hereby irrevocably elects to purchase (check
applicable box):

 

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

 

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

 

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

 

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

 

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

 

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

 

After
application of the cashless exercise feature as described above, _____________ shares of Common Stock are required to be delivered
pursuant to the instructions below.

 

The
undersigned requests that the certificates for such shares be issued in the name of, and delivered to __________________________________________,
whose address is ___________________________. _______________________________________________________________________________________________.

 

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

 

    	 	A-1	 

     

    

 

	Dated:___________________	 	 
	 	 	(Signature
                                         must conform to name of holder as

        specified
        on the face of the Warrant)

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	(Address)

 

    	 	A-2	 

     

    

 

Exhibit
B

 

FORM
OF TRANSFEROR ENDORSEMENT

(To
be signed only on transfer of Warrant)

 

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

 

	Transferees	 	Percentage
    Transferred	 	Number
    Transferred
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

	Dated:
    __________________, _______	 	 
	 	 	(Signature
                                         must conform to name of holder as specified

        on
        the face of the warrant)

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

 

 

B-1

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