Document:

Exhibit 10.1

 

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION
RIGHTS AGREEMENT (this “Agreement”), dated as of March 28, 2018, is entered into by and among MYnd Analytics,
Inc., a Delaware corporation (the “Company”) and the holders (“Holders”) of Registrable Securities
acquired pursuant to a Subscription Agreement for Shares of Series A Preferred Stock and Common Stock Purchase Warrants (“Subscription
Agreement”) dated on the same date as the date hereof who execute this Agreement in counterpart agreeing to be bound
by the terms hereof. The Company and the Holders are referred to herein as “parties” collectively and a “party”
individually.

 

WITNESSETH

 

WHEREAS,
the Company and the Holders are parties to the Subscription Agreement, pursuant to which the Holders are purchasing an aggregate
of 1,050,000 shares of Series A Preferred Stock, par value $0.001 per shares (“Series A Preferred”) and Warrants
(“Warrants”) to purchase an aggregate of 1,050,000 shares of Common Stock, par value $0.001 (“Common
Stock”) of the Company; and

 

WHEREAS,
in connection with the consummation of the transactions contemplated by the Subscription Agreement, and pursuant to the terms of
the Subscription Agreement, the parties desire to enter into this Agreement in order to grant certain registration rights to the
Holders as set forth below.

 

NOW,
THEREFORE, in consideration of the premises set forth above, the mutual promises and covenants set forth herein and
other good and valuable consideration, and subject to and on the terms and conditions set forth herein, the parties agree as follows:

 

1.            INTERPRETATION

 

1.1          Definitions. The following terms shall have the meanings set forth
or referenced below:

 

“Affiliate”
means, with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries,
Controls, is Controlled by, or is under common Control with, such specified Person.

 

“Applicable
Exchange” means The NASDAQ Market or such other exchange on which the Common Stock of the Company trades.

 

“Business
Day” means any day that is not a Saturday, a Sunday or other day on which banks are required or authorized by Law to
be closed in New York.

 

“Commission”
means the SEC or any other federal agency at the time administering the Securities Act.

 

“Common Stock”
means the common stock, par value $0.001 per share, of the Company and any other common equity securities issued by the Company,
and any other shares of stock issued or issuable with respect thereto (whether by way of a stock dividend or stock split or in
exchange for or upon conversion of such shares or otherwise in connection with a combination of shares, distribution, recapitalization,
merger, consolidation or other corporate reorganization).

 

    

     

    

 

“Control”
(including the terms “Controlled by” and “under common Control with”) means the possession,
directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through
the ownership of voting securities, as trustee or executor, by contract or otherwise, including the ownership, directly or indirectly,
of securities having the power to elect a majority of the board of directors or similar body governing the affairs of such Person.

 

“Exchange
Act” means the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

 

“Exempt Registration”
means a Registration by the Company relating solely to the sale of Securities to participants in any employee equity incentive
plan adopted by the Company.

 

“FINRA”
means the Financial Industry Regulatory Authority, Inc.

 

“Holders”
means the holders of the Registrable Securities, together with any transferees and assigns of any such record holder.

 

“Law”
means any federal, national, foreign, supranational, state, provincial or local statute, law, ordinance, regulation, rule, code,
order, requirement or rule of law (including common law), official policy or interpretation of any federal, national, foreign,
supranational, state, provincial, local, municipal or other political subdivision or other government, governmental, regulatory
or administrative authority, agency, board, bureau, department, instrumentality or commission or any court, tribunal, judicial
or arbitral body of competent jurisdiction or stock exchange with jurisdiction over the parties hereto, as the case may be.

 

“Person”
means any individual, partnership, firm, corporation, association, trust, unincorporated organization or other entity, as well
as any syndicate or group that would be deemed to be a person under Section 13(d)(3) of the Exchange Act.

 

“Registration”
means a registration effected by preparing and filing a Shelf Registration Statement and the declaration or ordering of the effectiveness
of that Shelf Registration Statement, which shall be modified or supplemented, as applicable. The terms “Register”
and “Registered” have meanings correlative to the foregoing.

 

“Registrable
Securities” shall mean (a) any shares of Common Stock held by the Holders issued upon conversion or exchange of the Series
A Preferred, (b) any shares of Common Stock held by the Holders issued upon exercise or exchange of the Warrants (c) any shares
of Common Stock issued or issuable with respect to any shares described in subsection (a) and (b) above by way of a stock dividend
or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization (it
being understood that for purposes of this Agreement, a Person shall be deemed to be a holder of Registrable Securities whenever
such Person has the right to then acquire or obtain from the Company any Registrable Securities, whether or not such acquisition
has actually been effected). As to any particular Registrable Security, such securities shall cease to be Registrable Securities
when: (i) a registration statement with respect to the sale of such securities shall have become effective under the Securities
Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such registration statement;
(ii) such securities shall have been otherwise transferred, new certificates for such securities not bearing a legend restricting
further transfer shall have been delivered by the Company and subsequent public distribution of such securities shall not require
registration under the Securities Act; (iii) such securities shall have ceased to be outstanding; (iv) such securities have been
sold to, or through, a broker, dealer or underwriter in a public distribution or other public securities transaction; or (v) such
securities may be sold without registration pursuant to Rule 144 promulgated under the Securities Act with no volume or other restrictions
or limitations.

 

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“Rule 144”
means Rule 144 promulgated under the Securities Act, as amended from time to time (or any successor provision).

 

“SEC”
means the United States Securities and Exchange Commission.

 

“Securities”
means any equity interest of, or shares of any class in the share capital (common, preferred or otherwise) of, the Company and
any convertible securities, options, warrants and any other type of equity or equity-linked securities convertible, exercisable
or exchangeable for any such equity interest or shares of any class in the share capital of the Company.

 

“Securities
Act” means the United States Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

 

“Series A
Preferred Stock” shall have the meaning set forth in the preamble.

 

“Shelf Registration
Statement” means a registration statement prepared on Form S-3 (or a successor form or substantially similar form then
in effect) or another appropriate form for an offering to be made on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act (or any successor provision).

 

“U.S. Securities
Laws” means the federal securities Laws of the United States, including the Exchange Act and the Securities Act, and
any applicable securities Laws of any State of the United States.

 

“Warrants”
shall have the meaning set forth in the preamble.

 

1.2          Interpretation.
In this Agreement, except to the extent otherwise provided or that the context otherwise requires:

 

(a)          when
a reference is made in this Agreement to a Section, such reference is to a Section of this Agreement;

 

(b)          the
headings for this Agreement are for reference purposes only and do not affect in any way the meaning or interpretation of this
Agreement;

 

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(c)          the
words “hereof,” “herein” and “hereunder” and words of similar import, when used in this Agreement,
refer to this Agreement as a whole and not to any particular provision of this Agreement;

 

(d)         all
terms defined in this Agreement have the defined meanings when used in any certificate or other document made or delivered pursuant
hereto, unless otherwise defined therein;

 

(e)          the
definitions contained in this Agreement are applicable to the singular as well as the plural forms of such terms;

 

(f)          references
to a Person are also to its successors and permitted assigns; and

 

(g)          the
use of the term “or” is not intended to be exclusive.

 

2.            DEMAND
SHELF REGISTRATION.

 

2.1          Demand
Shelf Registration.

 

The Company shall take
all action necessary to facilitate its eligibility under U.S. Securities Laws to use a Shelf Registration Statement. Six (6) months
following the date of this Agreement and subject to the terms herein, holders of a majority of the Registrable Securities then
outstanding (the “Majority Holders”) may by written notice to the Company (a “Demand Notice”)
request the Company to effect the Registration of all or part of the Registrable Securities owned by such Majority Holders and
their respective Affiliates. Upon receipt of such a request, (i) the Company shall promptly (but in no event later than twenty
(20) days following receipt thereof) deliver notice of such request to all other holders of Registrable Securities who shall then
have twenty (20) days from the date such notice is given to notify the Company in writing of their desire to be included in such
registration, and (ii) the Company shall as soon as practicable, cause the Registrable Securities specified in such Demand Notice
and the Registrable Securities held by the other holders of Registrable Securities who gave such notice to the Company, to be Registered
and/or qualified for sale and distribution in such jurisdictions as the Majority Holders may reasonably request. The Company shall
use its reasonable best efforts to cause such Registration and/or qualification to be complete as soon as practicable, but in no
event later than sixty (60) days, after receipt of the Demand Notice. The Company shall be obligated to effect no more than two
(2) Registrations requested by the Majority Holders under this Section 2.1; provided that a Registration shall not be deemed
to have been effected under this Section 2.1 unless (i) all Registrable Securities set forth in such Demand Notice are Registered
in such Registration and (ii) the offering of Registrable Securities pursuant to such Shelf Registration is not subject to any
stop order, injunction or other order or requirement of the Commission (other than any such stop order, injunction, or other requirement
of the Commission prompted by act or omission of the Holders of a majority of the Registrable Securities requested to be included
therein). The Company shall not include in any Demand Registration any securities which are not Registrable Securities without
the prior written consent of the Holders of a majority of the Registrable Securities requested to be included therein.

 

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2.2          Limitation;
Right of Deferral. If, after receiving a Demand Notice, the Company furnishes to the Majority
Holders a certificate signed by a director of the Company stating that, in the good faith judgment of the board of directors of
the Company, it would be materially interfere with a bona fide business, acquisition or divestiture or financing transaction of
the Company or is reasonably likely to require premature disclosure of information, the premature disclosure of which would reasonably
be expected to materially and adversely affect the Company, then the Company shall have the right to defer such filing for a period
not to exceed ninety (90) days from the receipt of a Demand Notice (which may be extended by up to 30 days by written notice of
the Company); provided, that the Company shall not utilize this right more than once in any 12-month period; and provided
further that the Company shall not Register any other Securities for resale by other stockholders during such sixty (60) day
period (other than Exempt Registrations). In the event that the Company exercises such right, the Majority Holders shall be entitled
to withdraw the Demand Notice by written notice to the Company and such withdrawn Demand Notice shall not constitute a request
by the Majority Holders to effect a Registration under Section 2.1.

 

2.3          Shelf
Registration. Unless such Shelf Registration Statement shall
become automatically effective, the Company shall use its reasonable best efforts to cause the Shelf Registration Statement to
become or be declared effective by the Commission for all of the Registrable Securities of such Holder as promptly as practicable
after the filing thereof. The Company shall use its reasonable best efforts to keep such Shelf Registration Statement (or a successor
Shelf Registration Statement filed with respect to the Registrable Securities) continuously effective (including by filing a new
Shelf Registration Statement if the initial Shelf Registration Statement expires) in order to permit the prospectus or any prospectus
supplement related thereto to be lawfully delivered and the Shelf Registration Statement useable for resale of such Registrable
Securities until such Registration Securities may be sold without restriction or limitation under Rule 144.

 

2.4          Rule
415. Notwithstanding anything to the contrary contained herein,
if the SEC specifically prohibits the Shelf Registration Statement from including all Registrable Securities (“SEC Guidance”)
(provided that the Company shall advocate with the SEC for the registration of all or the maximum number of the Registrable Securities
permitted by SEC Guidance to be included in such Shelf Registration Statement, such maximum number, the “Rule 415 Amount”),
then the Company will not be in breach of this Agreement by following such SEC Guidance, and the Company will file such additional
Shelf Registration Statements at the earliest practicable date on which the Company is permitted by SEC Guidance to file such
additional Shelf Registration Statements related to the Registrable Securities, each registering the Rule 415 Amount, seriatim,
until all of the Registrable Securities have been registered. Notwithstanding anything to the contrary contained herein, the amount
of Registrable Securities required to be included in the initial Shelf Registration Statement as described in this Section
2 shall equal the lesser of (a) the amount of Registrable Securities that Holders request to have so registered pursuant to
this Section 2 and (b) the maximum amount of Registrable Securities which may be included in a Shelf Registration Statement
without exceeding the Rule 415 Amount.

 

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3.            PROCEDURES.

 

3.1          Registration
Procedures and Obligations. Whenever required under this Agreement
to effect the Registration of any Registrable Securities held by the Holders, the Company shall, as expeditiously as possible:

 

(a)          prepare
and file with the Commission a Shelf Registration Statement with respect to those Registrable Securities and use its reasonable
best efforts to cause that Shelf Registration Statement to become effective, and, keep the Shelf Registration Statement effective
and current for such period of time as is necessary to permit the sale of the Registrable Securities thereunder; provided,
however, that before filing such Shelf Registration Statement or any amendments thereto, the Company will furnish to the
Holders copies of all such documents proposed to be filed;

 

(b)          prepare
and file with the Commission amendments and supplements to that Shelf Registration Statement and the prospectus or prospectus supplement
used in connection with the Shelf Registration Statement as may be necessary to comply with the provisions of U.S. Securities Law
with respect to the disposition of all securities covered by the Shelf Registration Statement;

 

(c)          furnish
to the Holders and underwriters the number of copies of a prospectus, including a preliminary prospectus, required by U.S. Securities
Laws, and any other documents as they may reasonably request in order to facilitate the disposition of Registrable Securities owned
by such Holders;

 

(d)          use
its reasonable best efforts to Register and qualify the Securities covered by the Shelf Registration Statement under U.S. Securities
Laws, as reasonably requested by the Holders; provided that the Company shall not be required to qualify to do business
or file a general consent to service of process in any such jurisdictions; and provided, further, that in the event
any jurisdiction in which the securities shall be qualified imposes a non-waivable requirement that expenses incurred in connection
with the qualification of the securities be borne by the selling shareholders, those expenses shall be payable by such selling
shareholders on a pro rata basis;

 

(e)          promptly
notify each Holder: (i) when the Shelf Registration Statement, the prospectus or any prospectus supplement related thereto or post-effective
amendment to the Shelf Registration Statement has been filed, and, with respect to the Shelf Registration Statement or any post-effective
amendment thereto, when the same has become effective; (ii) of any request by the Commission for amendments or supplements to the
Shelf Registration Statement or the prospectus used in connection with the Shelf Registration Statement or any additional information;
(iii) of the issuance by the Commission of any stop order suspending the effectiveness of the Shelf Registration Statement or the
initiation of any proceedings by any Person for that purpose; and (iv) of the receipt by the Company of any written notification
with respect to the suspension of the qualification of any Registrable Securities for sale in any jurisdiction or the initiation
or overt threat of any proceeding for such purpose;

 

(f)      
    notify each Holder, at any time when a prospectus relating thereto is required to be delivered
under U.S. Securities Laws, of the happening of any event as a result of which the prospectus included in such Shelf
Registration Statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact
required to be stated therein or necessary to make the statements therein not misleading in the light of the circumstances
then existing and promptly prepare a post-effective amendment to such Shelf Registration Statement or a supplement to the
related prospectus and file any other required document, and prepare and furnish to the Holders and underwriters a reasonable
number of copies of a supplement to or an amendment of such prospectus as may be necessary, so that, as thereafter delivered
to the Holders and any underwriters, the prospectus will not contain an untrue statement of a material fact or omit to state
any material fact required to be stated therein or necessary to make the statements therein not misleading in the light of
the circumstances then existing;

 

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(g)          use
its reasonable best efforts to prevent the issuance or obtain the withdrawal of any order suspending the effectiveness of any Shelf
Registration Statement at the earliest practicable time;

 

(h)          if
any such Shelf Registration Statement refers to any Holder by name or otherwise as the holder of any securities of the Company,
and if such Holder is advised by counsel that it is or may be deemed to be a control person in relation to, or an Affiliate of,
the Company, then such Holder shall have the right to require (i) the insertion therein of language, in form and substance reasonably
satisfactory to such Holder, to the effect that the holding by such Holder is not to be construed as a recommendation by such Holder
of the investment quality of the Company’s securities covered thereby and that such holding does not imply that such Holder
will assist in meeting any future financial requirements of the Company, or (ii) in the event that such reference to such Holder
by name or otherwise is not, based on the advice of counsel to the Company, such Holder and if applicable, the underwriters, required
by the Securities Act or any similar federal statute then in force, the deletion of the reference to such Holder;

 

(i)     
     if requested by the Majority Holders, include in a prospectus supplement or amendment to
the Shelf Registration Statement such information as may be reasonably requested or required in order to market the
securities being sold and permit the intended method of distribution of the Registrable Securities and make all required
filings of such prospectus supplement or such amendment as soon as practicable after the Company’s receipt of such
request;

 

(j)      
    provide a transfer agent and registrar for all Registrable Securities Registered pursuant to
the Shelf Registration Statement and, where applicable, a number assigned by the Committee on Uniform Securities
Identification Procedures for all those Registrable Securities, in each case not later than the effective date of the
Registration;

 

(k)          make
available for inspection by the Holders, all financial and other records, pertinent corporate documents, and properties of the
Company, and cause the Company’s officers, directors, employees, and independent accountants to supply all information reasonably
requested by any such Holder, as necessary or advisable to verify the accuracy of the information in such Shelf Registration Statement
and to conduct appropriate due diligence in connection therewith;

 

(l)       
   use its reasonable best efforts to cause the transfer agent to remove restrictive legends on
certificates representing the securities covered by such Shelf Registration Statement, as appropriate and settle any offering
or sale of Registrable Securities, including with respect to the transfer of physical stock certificates into book-entry form
in accordance with any procedures reasonably requested by the Holders or underwriters;

 

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(m)         cooperate
with the Holders and the underwriters to facilitate the timely delivery of Registrable Securities to be sold and to enable such
Registrable Securities to be issued in such denominations and registered in such names as such Holders may reasonably request at
least two (2) Business Days prior to the closing of any sale of Registrable Securities; and

 

(n)          cause
the Shelf Registrable Securities to be listed on the Applicable Exchange.

 

3.2          Expenses
of Registration. All expenses incurred in connection with
Registrations, filings or qualifications pursuant to a Registration, including (i) all registration and filing fees (including
fees and expenses with respect to (A) all Commission, stock exchange or trading system and FINRA registration, listing, filing
and qualification and any other fees associated with such filings, (B) rating agencies and (C) compliance with securities or “blue
sky” Laws, including any fees and disbursements of counsel for the underwriters in connection with “blue sky”
qualifications of the Registrable Securities), (ii) fees and expenses of the financial printer, (iii) messenger, telephone and
delivery expenses of the Company, (iv) fees and disbursements of counsel for the Company, and (v) fees and disbursements of all
independent certified public accountants, including the expenses of any special audits and/or “comfort letters” required
by or incident to such performance and compliance) provided that any underwriters’ discounts and selling commissions,
in each case related to Registrable Securities registered in accordance with this Agreement, shall be borne by the Holders of
Registrable Securities included in such registration on a pro rata basis based on such Holders’ relative percentage
of Registrable Securities included in such registration. In addition, the Company shall be responsible for all of its internal
expenses incurred in connection with the consummation of the transactions contemplated by this Agreement (including, without limitation,
all salaries and expenses of its officers and employees performing legal or accounting duties), the expense of any annual audit
and the fees and expenses incurred in connection with the listing of the Registrable Securities on the Applicable Exchange or
any other securities exchange as required hereunder.

 

4.            INDEMNIFICATION.

 

4.1          Company
Indemnity.

 

(a)          To
the extent permitted by applicable Law, the Company will indemnify and hold harmless each Holder, the officers, directors, partners,
members, managers, shareholders, accountants, attorneys, agents and employees of each of them, each Person who controls each such
Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors,
partners, members, managers, shareholders, accountants, attorneys, agents and employees of each such controlling person, each underwriter,
if any, and each Person who controls (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
such underwriter, from and against all losses, claims, costs, damages or liabilities (whether joint or several) to which they may
become subject under applicable Laws or otherwise, insofar as such losses, claims, damages, or liabilities (or actions in respect
thereof) arise out of or are based upon any of the following statements, omissions or violations (each a “Violation”):
(i) any untrue statement (or alleged untrue statement) of a material fact contained in such Shelf Registration Statement, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto, (ii) the omission (or
alleged omission) to state in the Shelf Registration Statement, including any preliminary prospectus or final prospectus contained
therein or any amendments or supplements thereto, a material fact required to be stated therein or necessary to make the statements
therein not misleading, or (iii) any violation or alleged violation by the Company of U.S. Securities Laws, or any rule or regulation
promulgated under U.S. Securities Laws. The Company will reimburse any Person intended to be indemnified pursuant to this Section
4.1 for any legal or other expenses reasonably incurred by them in connection with investigating or defending any such loss,
claim, damage, liability or action.

 

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(b)          The
indemnity agreement contained in this Section 4.1 shall not apply to amounts paid in settlement of any such loss, claim,
damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be unreasonably
withheld or delayed), nor shall the Company be liable for any such loss, claim, damage, liability or action to the extent that
it arises out of or is based upon a Violation that occurs in reliance upon and in conformity with written information furnished
expressly for use in connection with such Shelf Registration by any such Holder, underwriter or controlling Person.

 

(c)          The
foregoing indemnity of the Company is subject to the condition that, insofar as they relate to any defect in a preliminary prospectus
but such defect has been eliminated or remedied in the amended prospectus on file with the Commission at the time the applicable
Shelf Registration becomes effective (the “Final Prospectus”), such indemnity shall not inure to the benefit
of any Person if a copy of the Final Prospectus was timely furnished to the Holder or underwriter and was not furnished to the
Person asserting the loss, liability, claims or damages at or prior to the time such action is required by the Securities Act.

 

4.2          Holder
Indemnity.

 

(a)          To
the extent permitted by applicable Law, each Holder that has included Registrable Securities in a Shelf Registration will, severally
and not jointly, indemnify and hold harmless the Company, each Person who controls the Company (within the meaning of Section 15
of the Securities Act and Section 20 of the Exchange Act) and each their respective officers, directors, partners, members, managers,
shareholders, accountants, attorneys, agents and employees from and against all losses, claims, costs, damages or liabilities (whether
joint or several) to which any of the foregoing Persons may become subject, under U.S. Securities Laws or otherwise, insofar as
such losses, claims, damages or liabilities (or actions in respect thereto) arise out of or are based on any untrue statement (or
alleged untrue statement) of a material fact contained in any such Shelf Registration Statement, including any preliminary prospectus
or final prospectus contained therein or any amendments or supplements thereto, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse
any Person intended to be indemnified pursuant to this Section 4.2 for any legal or any other expenses reasonably incurred
by them in connection with investigating or defending any such claim, loss, damage, liability or action, in each case to the extent,
but only to the extent, that such untrue statement (or alleged untrue statement) or omission (or alleged omission) is made in such
Shelf Registration Statement, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements
thereto, in reliance upon and in conformity with written information furnished to the Company and signed by such Holder and intended
to be specifically for use therein.

 

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(b)          The
indemnity contained in this Section 4.2 shall not apply to amounts paid in settlement of any such loss, claim, damage, liability
or action if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld),
and in no event shall the aggregate indemnity under this Section 4.2 (including any reimbursement of any expenses) exceed
the net proceeds (less underwriting discounts and selling commissions) from the offering received by such Holder. A Holder will
not be required to enter into any agreement or undertaking in connection with any Registration providing for any indemnification
or contribution on the part of such Holder greater than the Holder’s obligations under this Section 4.2.

 

4.3          Notice
of Indemnification Claim. Promptly after receipt by an indemnified
party under Section 4.1 or Section 4.2 of notice of the commencement of any action (including any governmental action),
such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under Section 4.1
or Section 4.2, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party
shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying
party similarly notified, to assume the defense thereof with counsel reasonably satisfactory to the indemnifying party. An indemnified
party (together with all other indemnified parties that may be represented without conflict by one counsel) shall have the right
to retain one separate counsel, with the reasonably incurred fees and expenses to be paid by the indemnifying party, if representation
of such indemnified party by the counsel retained by the indemnifying party would be inappropriate due to actual or potential
differing interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure
to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action, if prejudicial
to its ability to defend such action, shall relieve such indemnifying party of any liability to the indemnified party under this
Section 4, but the omission to deliver written notice to the indemnifying party will not relieve it of any liability that
it may have to any indemnified party otherwise than under this Section 4.

 

4.4          Contribution.
If any indemnification provided for in Section 4.1 or Section 4.2 is held by a court of competent jurisdiction to
be unavailable to an indemnified party with respect to any loss, liability, claim, damage or expense referred to herein, the indemnifying
party, in lieu of indemnifying such indemnified party hereunder, shall contribute to the amount paid or payable by such indemnified
party as a result of such loss, liability, claim, damage or expense in such proportion as is appropriate to reflect the relative
fault of the indemnifying party, on the one hand, and of the indemnified party, on the other hand, in connection with the statements
or omissions that resulted in such loss, liability, claim, damage or expense, as well as any other relevant equitable considerations.
The relative fault of the indemnifying party and of the indemnified party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information
supplied by the indemnifying party or by the indemnified party and the parties’ relative intent, knowledge, access to information,
and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable
if contribution pursuant to this Section 4.4 were determined by pro rata allocation or by any other method of allocation
that does not take account of the equitable considerations referred to in the immediately preceding paragraph. Notwithstanding
the provisions of this Section 4.4, an indemnifying party that is a Holder shall not be required to contribute any amount
in excess of the amount that such indemnifying party has otherwise been, or would otherwise be, required to pay pursuant to Section
4.2 by reason of such untrue or alleged untrue statement or omission or alleged omission.

 

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5.            ADDITIONAL
UNDERTAKINGS.

 

5.1          Reports
under the Exchange Act. With a view to making available to the Holders the benefits of Rule 144 or pursuant to a Shelf Registration
Statement, the Company agrees to:

 

(a)          file
with the Commission in a timely manner all reports and other documents required of the Company under all U.S. Securities Laws;

 

(b)          promptly
furnish to any Holder, upon any Holder’s request (i) a written statement by the Company that it has complied with the reporting
requirements of all U.S. Securities Laws at any time after it has become subject to such reporting requirements or, at any time
after so qualified, that it qualifies as a registrant whose securities may be resold pursuant to a Shelf Registration Statement,
(ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents as may be filed by
the Company with the Commission, and (iii) such other information as may be reasonably requested in availing any Holder of any
rule or regulation of the Commission, that permits the selling of any such securities without Registration or pursuant to a Shelf
Registration Statement; and

 

(c)          take
such further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to
sell Common Stock held by such Holder without registration under the Securities Act within the limitation of the exemptions provided
by Rule 144 promulgated under the Securities Act, including providing any legal opinions.

 

5.2          Business
Combinations. The Company agrees that in connection with any restructuring, business combination, reorganization, merger or
other similar transaction in which the Common Stock are replaced by other equity securities, the Company shall ensure that this
agreement shall be assumed by the issuer of such replacement security.

 

6.            MISCELLANEOUS.

 

6.1          Termination.

 

(a)          This
Agreement may be terminated by written agreement among the parties.

 

(b)          The
right of the Majority Holder to request a Shelf Registration or inclusion of Registrable Securities shall terminate when all Registrable
Securities of such Holder may be sold without restriction or limitation under Rule 144; and

 

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(c)          In
the event of the termination of this Agreement in accordance with this Section 6.1, this Agreement shall thereafter terminate
and cease to have effect, and no party hereto shall have any liability to the other parties hereto or their respective Affiliates,
directors, officers or employees, except for the obligations in this Section 6 and provided that termination of this Agreement
shall be without prejudice to the accrued rights and liabilities of the parties prior to such termination, unless otherwise agreed
in writing by the parties.

 

6.2          Notices.
All notices, requests and other communications to any party hereunder shall be in writing (including facsimile transmission and
electronic mail (“e-mail”) transmission, so long as a receipt of such e-mail is requested and received) and
shall be given to the Company at its address and to each of the Holder’s at the address provided on the signature page of
the Subscription Agreement or such other address or facsimile number as such party may hereafter specify for the purpose
by notice to the other parties hereto.

 

6.3          Assignment.
The rights and obligations of a Holder under this Agreement may be assigned by any Holder to any transferee or assignee of such
Holder’s Registrable Securities; provided that: (i) the Company is, within a reasonable time after such transfer,
furnished with written notice of the name and address of such transferee or assignee and the Securities with respect to which
such registration rights are being assigned and (ii) such transferee or assignee agrees in writing to be bound by and subject
to the terms and conditions of this Agreement.

 

6.4          Cumulative
Remedies. The rights and remedies provided by this Agreement are cumulative and the use of any one right or remedy by any
party shall not preclude or waive its right to use any or all other remedies. The said rights and remedies are given in addition
to any other rights the parties may have by law, statute, ordinance or otherwise.

 

6.5          Binding
Effect. This Agreement shall be binding upon and inure to the benefit of all of the parties and, to the extent permitted by
this Agreement, their successors, executors, administrators, heirs, legal representatives and assigns.

 

6.6          Severability.
If any term or other provision of this Agreement is invalid, illegal or incapable of being enforced by any Law or public policy,
all other terms and provisions of this Agreement shall nevertheless remain in full force and effect for so long as the economic
or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to any
party hereto. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the
parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties hereto
as closely as possible in a mutually acceptable manner in order that the transactions contemplated by this Agreement are consummated
as originally contemplated to the greatest extent possible.

 

6.7          Entire
Agreement. This Agreement, together with the Subscription Agreement, the Warrants and that certain Certificate of Designation,
dated on or about the date hereof, by and among the Company and the parties, constitutes the entire agreement of the parties hereto
with respect to the subject matter hereof as of the date hereof and supersedes all prior agreements and undertakings, both written
and oral, among the parties hereto with respect to the subject matter hereof.

 

    12

     

    

 

6.8          Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard
to the conflicts of laws rules stated therein.

 

6.9          Specific
Performance. The parties hereto acknowledge and agree that the parties hereto would be irreparably damaged if any of the provisions
of this Agreement are not performed in accordance with their specific terms or are otherwise breached and that any non-performance
or breach of this Agreement by any party hereto could not be adequately compensated by monetary damages alone and that the parties
hereto would not have any adequate remedy at law. Accordingly, in addition to any other right or remedy to which any party hereto
may be entitled, at law or in equity (including monetary damages), such party shall be entitled to enforce any provision of this
Agreement by a decree of specific performance and to temporary, preliminary and permanent injunctive relief to prevent breaches
or threatened breaches of any of the provisions of this Agreement without posting any bond or other undertaking.

 

6.10          Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any party. Upon such a determination, the parties shall
negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in
an acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the fullest
extent possible.

 

6.11          Expenses.
Except to the extent provided otherwise herein, all costs and expenses, including fees and disbursements of counsel, financial
advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by
the party incurring such costs and expenses.

 

6.12          Amendments
and Waivers. The provisions of this Agreement may only be amended, modified, supplemented or waived with the prior written
consent of the Company and the Majority Holders. No waiver by any party or parties shall operate or be construed as a waiver in
respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character,
and whether occurring before or after that waiver. Except as otherwise set forth in this Agreement, no failure to exercise, or
delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed as a waiver
thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege.

 

6.13          No
Third Party Beneficiaries. This Agreement shall be binding upon and inure solely to the benefit of, and be enforceable by,
only the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended
to or shall confer upon any other Person (other than an indemnified party solely with respect to Section 6) any right,
benefit or remedy of any nature whatsoever, including any rights of employment for any specified period, under or by reason of
this Agreement.

 

    13

     

    

 

6.14          Construction.
Each party hereto acknowledges and agrees it has had the opportunity to draft, review and edit the language of this Agreement
and that no presumption for or against any party arising out of drafting all or any part of this Agreement will be applied in
any controversy, claim or dispute relating to, in connection with or involving this Agreement. Accordingly, the parties hereto
hereby waive the benefit of any rule of Law or any legal decision that would require, in cases of uncertainty, that the language
of a contract should be interpreted most strongly against the party who drafted such language.

 

6.15          Counterparts.
This Agreement may be executed and delivered (including by facsimile or other means of electronic transmission, such as by electronic
mail in “pdf” form) in one or more counterparts, and by the different parties hereto in separate counterparts, each
of which when executed shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement.

 

[SIGNATURE PAGES FOLLOW]

 

    14

     

    

IN WITNESS
WHEREOF, the parties hereto have executed this Registration Rights Agreement on the date first written above.

 

	 	MYnd Analytics, INC.

	 	 
	 	By:	 
	 	 	Name: Donald E. D’Ambrosio,
	 	 	Title: Chief Financial Officer
	 	 	 

	 	Holder
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:Exhibit 10.2

 

THIS WARRANT AND THE SECURITIES ISSUABLE
UPON THE EXERCISE HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED, HYPOTHECATED, OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER
THE SECURITIES ACT OF 1933, AS AMENDED OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED.

 

	Warrant No. 2018-__ 	March 29, 2018

 

WARRANT TO PURCHASE SHARES OF COMMON
STOCK

 

This Warrant is issued to ________________
(“Holder”) by MYnd Analytics, Inc., a Delaware corporation (the “Company”), in connection
with the issuance to the Holder of shares of Series A Preferred Stock of the Company pursuant to a Subscription Agreement For Shares
Of Series A Preferred Stock And Common Stock Purchase Warrants of even date herewith (“Subscription Agreement”)
among the Company and the signatories thereto.  All capitalized terms not defined in this Warrant shall have the meaning
ascribed to them in the Subscription Agreement. This Warrant is one of a series of Warrants issued in connection with and pursuant
to the Subscription Agreement.

 

1.           Purchase
of Shares.  Subject to the terms and conditions hereinafter set forth, the holder of this Warrant is entitled, upon
surrender of this Warrant at the principal office of the Company (or at such other place as the Company shall notify the holder
hereof in writing), to purchase from the Company up to ______________fully paid and nonassessable Shares (as defined below)
at the Exercise Price (as defined below).

 

2.           Definitions.

 

(a)           Exercise
Price.  The exercise price for the Shares initially shall be $2.34 per share, as adjusted from time to time
(such price, as adjusted from time to time, is herein referred to as the “Exercise Price”).

 

(b)           Exercise
Period.  This Warrant shall be exercisable, in whole or in part, during the term commencing on the date hereof and
ending at 5:00 P.M. New York time on March 29, 2023.

 

(c)           The
Shares.  The term “Shares” shall mean shares of the Company’s common stock, par value $0.001
per share.

 

3.           Method
of Exercise.  While this Warrant remains outstanding and exercisable in accordance with the terms hereof, the holder
may exercise, in whole or in part, the purchase rights evidenced hereby.  Such exercise shall be effected by:

 

(i)      the
surrender of the Warrant, together with a notice of exercise in substantially the form attached hereto as Exhibit A to the
Secretary of the Company at its principal offices; and

 

(ii)      the
payment to the Company of an amount equal to the aggregate Exercise Price for the number of Shares being purchased, in cash (through
a check payable to the Company or by wire transfer to an account designated by the Company).

 

4.           Certificates
for Shares.  Upon the exercise of the purchase rights evidenced by this Warrant, one or more certificates for the
number of Shares so purchased shall be issued as soon as practicable thereafter, and in any event within thirty (30) days of the
delivery of the subscription notice.

 

5.           Issuance
of Shares.  The Company covenants that the Shares, when issued pursuant to the exercise of this Warrant, will be
duly and validly issued, fully paid and nonassessable and free from all taxes, liens, and charges with respect to the issuance
thereof. The Company shall at all times reserve and keep available solely for the issuance and delivery upon the exercise of this
Warrant, such number of Shares sufficient to permit the exercise in full of this Warrant.

 

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6.           Adjustment
of Exercise Price and Number of Shares.  The number of and kind of securities purchasable upon exercise of this Warrant
and the Exercise Price shall be subject to adjustment from time to time as follows:

 

(a)           Subdivisions,
Combinations and Other Issuances.  If the Company shall at any time prior to the expiration of this Warrant subdivide
the Shares, by split-up or otherwise, or combine its Shares, or issue additional shares as a dividend, the number of Shares issuable
on the exercise of this Warrant shall forthwith be proportionately increased in the case of a subdivision or stock dividend, or
proportionately decreased in the case of a combination.  Appropriate adjustments shall also be made to the purchase price
payable per share, but the aggregate purchase price payable for the total number of Shares purchasable under this Warrant (as adjusted)
shall remain the same.  Any adjustment under this Section 6(a) shall become effective at the close of business on the
date the subdivision or combination becomes effective, or as of the record date of such dividend, or in the event that no record
date is fixed, upon the making of such dividend.

 

(b)           Reclassification,
Reorganization and Consolidation.  In case of any reclassification, capital reorganization, or change in the capital
stock of the Company (other than as a result of a subdivision, combination, or stock dividend provided for in Section 6(a) above),
then the Company shall make appropriate provision so that the holder of this Warrant shall have the right at any time prior to
the expiration of this Warrant to purchase, at a total price equal to that payable upon the exercise of this Warrant, the kind
and amount of shares of stock and other securities and property receivable in connection with such reclassification, reorganization,
or change by a holder of the same number of Shares as were purchasable by the holder of this Warrant immediately prior to such
reclassification, reorganization, or change.  In any such case appropriate provisions shall be made with respect to the
rights and interest of the holder of this Warrant so that the provisions hereof, including Sections 6(a), shall thereafter be applicable
with respect to any shares of stock or other securities and property deliverable upon exercise hereof, and appropriate adjustments
shall be made to the purchase price per share payable hereunder, provided the aggregate purchase price shall remain the same.

 

(c)           Notice
of Adjustment.  When any adjustment is required to be made in the number or kind of shares purchasable upon exercise
of the Warrant, or in the Exercise Price, the Company shall promptly notify the holder of such event and of the number of Shares
or other securities or property thereafter purchasable upon exercise of this Warrant, and furnish the holder with a certificate
of its Chief Financial Officer, including computations of such adjustment in the number or kind of shares purchasable upon exercise
of the Warrant, or in the Exercise Price.

 

7.          No
Fractional Shares or Scrip.  No fractional shares or scrip representing fractional shares shall be issued upon the
exercise of this Warrant, but in lieu of such fractional shares the Company shall make a cash payment therefor on the basis of
the Exercise Price then in effect.

 

8.          Restrictive
Legend.

 

The Shares (unless registered under the Securities Act of 1933,
as amended (the “Act”)) shall be stamped or imprinted with a legend in substantially the following form:

 

THE SHARES REPRESENTED BY THIS CERTIFICATE
HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF, AND HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  SUCH SHARES MAY NOT BE SOLD OR TRANSFERRED IN THE
ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION THEREFROM UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS.  COPIES
OF THE AGREEMENT COVERING THE PURCHASE OF THESE SHARES AND RESTRICTING THEIR TRANSFER MAY BE OBTAINED AT NO COST BY WRITTEN REQUEST
MADE BY THE HOLDER OF RECORD OF THIS CERTIFICATE TO THE SECRETARY OF THE COMPANY AT THE PRINCIPAL EXECUTIVE OFFICES OF THE COMPANY.

 

    2 

     

    

 

THE SALE OF SECURITIES WHICH ARE THE
SUBJECT OF THIS AGREEMENT HAS NOT BEEN QUALIFIED WITH THE COMMISSIONER OF CORPORATIONS OF THE STATE OF CALIFORNIA AND THE ISSUANCE
OF THE SECURITIES OR THE PAYMENT OR RECEIPT OF ANY PART OF THE CONSIDERATION THEREFOR PRIOR TO THE QUALIFICATION IS UNLAWFUL, UNLESS
THE SALE OF SECURITIES IS EXEMPT FROM THE QUALIFICATION BY SECTION 25100, 25102 OR 25105 OF THE CALIFORNIA CORPORATIONS CODE.  THE
RIGHTS OF ALL PARTIES TO THIS AGREEMENT ARE EXPRESSLY CONDITIONED UPON THE QUALIFICATION BEING OBTAINED UNLESS THE SALE IS SO EXEMPT.

 

9.         Warrants
Transferable.  Subject to compliance with the terms and conditions of this Section 9, this Warrant and all rights
hereunder are transferable, in whole or in part, without charge to the holder hereof (except for transfer taxes), upon surrender
of this Warrant properly endorsed or accompanied by written instructions of transfer.  With respect to any offer, sale
or other disposition of this Warrant or any Shares acquired pursuant to the exercise of this Warrant prior to registration of such
Warrant or Shares, the holder hereof agrees to give written notice to the Company prior thereto, describing briefly the manner
thereof, together with a written opinion of such holder’s counsel, or other evidence, if requested by the Company, to the
effect that such offer, sale or other disposition may be effected without registration or qualification (under the Act as then
in effect or any federal or state securities law then in effect) of this Warrant or the Shares and indicating whether or not under
the Act certificates for this Warrant or the Shares to be sold or otherwise disposed of require any restrictive legend as to applicable
restrictions on transferability in order to ensure compliance with such law; provided, however, the Company shall not require an
opinion of counsel in any transaction in compliance with Rule 144 promulgated by the SEC under the Act.  Upon receiving
such written notice and reasonably satisfactory opinion or other evidence, if so requested, the Company, as promptly as practicable,
shall notify such holder that such holder may sell or otherwise dispose of this Warrant or such Shares, all in accordance with
the terms of the notice delivered to the Company.  If a determination has been made pursuant to this Section 9 that the
opinion of counsel for the holder or other evidence is not reasonably satisfactory to the Company, the Company shall so notify
the holder promptly with details thereof after such determination has been made.  Each certificate representing this
Warrant or the Shares transferred in accordance with this Section 9 shall bear a legend as to the applicable restrictions on transferability
in order to ensure compliance with such laws, unless in the aforesaid opinion of counsel for the holder, such legend is not required
in order to ensure compliance with such laws.  The Company may issue stop transfer instructions to its transfer agent
in connection with such restrictions.   Notwithstanding the foregoing, Holder may assign this Warrant or the Shares
into which such Warrant may be converted to an affiliated entity without the prior written consent of the Company so long as such
assignment complies with applicable law.

 

10.         Rights
of Stockholders.  No holder of this Warrant shall be entitled, as a Warrant holder, to vote or receive dividends
or be deemed the holder of the Shares or any other securities of the Company which may at any time be issuable on the exercise
hereof for any purpose, nor shall anything contained herein be construed to confer upon the holder of this Warrant, as such, any
of the rights of a stockholder of the Company or any right to vote for the election of directors or upon any matter submitted to
stockholders at any meeting thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization,
issuance of stock, reclassification of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive
notice of meetings, or to receive dividends or subscription rights or otherwise until the Warrant shall have been exercised and
the Shares purchasable upon the exercise hereof shall have become deliverable, as provided herein.

 

    3 

     

    

 

11.         Amendments
and Waivers.  Any provision of this Warrant may be amended, waived or modified upon the written consent of the Company
and the Majority Holders.  Any such amendment, waiver or modification effected in accordance with this paragraph
shall be binding upon the Company and Holder, it being understood and agreed that such written consent will affect all Warrants
and be binding on all holders thereof regardless of whether any particular holder executed such consent. Notwithstanding the above,
neither the exercise price nor the number of shares issuable upon exercise hereof may be amended or modified, other than as expressly
provided for herein. Any amendment or modification to this Warrant shall be made to all Warrants of this series issued pursuant
to the Subscription Agreement.

 

12.        Notices
of Certain Transactions.  In case (a) the Company shall take a record of the holders of its outstanding stock of
the same class as the Shares purchasable under this Warrant (or other stock or securities at the time deliverable upon the exercise
of this Warrant) for the purpose of entitling or enabling them to receive any dividend or other distribution, or to receive any
right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right, to
subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right, (b) of any capital
reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation or merger of the Company
with or into another corporation (other than a consolidation or merger in which the shares of capital stock of the Company outstanding
immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital
stock that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital
stock of the surviving corporation), or any transfer of all or substantially all of the assets of the Company, or (c) of the voluntary
or involuntary dissolution, liquidation or winding-up of the Company, then, and in each such case, the Company will mail or cause
to be mailed to the holder of this Warrant a notice specifying, as the case may be, (i) the date on which a record is to be taken
for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, distribution or
right, or (ii) the effective date on which such reorganization, reclassification, consolidation, merger, transfer, dissolution,
liquidation, redemption or conversion is to take place, and the time, if any is to be fixed, as of which the holders of record
of the Company’s outstanding stock of the same class as the Shares purchasable under this Warrant (or such other stock or
securities at the time deliverable upon such reorganization, reclassification, consolidation, merger, transfer, dissolution, liquidation,
redemption or conversion) are to be determined. Such notice shall be mailed at least ten (10) days prior to the record date or
effective date for the event specified in such notice.

 

13.         Notices.  All
notices and other communications given or made hereunder shall be in writing and shall be deemed effectively given: (a) upon personal
delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal business hours
of the recipient, and if not so confirmed, then on the next business day, with a copy to be sent by United States first class mail,
postage prepaid, (c) five (5) days after being sent by registered or certified mail, return receipt required, postage prepaid,
or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day delivery, with written verification
of receipt.  All communications shall be sent to the respective parties at their address or fax number as set forth on
the signature page to the Subscription Agent or to such electronic mail address, facsimile number or address as subsequently modified
by written notice given in according with this Section 13.

 

14.         No
Impairment.  The Company shall not, by amendment of its certificate of incorporation or through reorganization, consolidation,
merger, dissolution, sale of assets or any other voluntary action, avoid or seek to avoid the observance or performance of any
of the terms of this Warrant, but shall at all times in good faith assist in the carrying out of all such terms and in the taking
of all such action as may be necessary or appropriate in order to protect the rights of the holder of this Warrant against impairment.

 

15.         Governing
Law.  This Warrant and all actions arising out of or in connection with this Warrant shall be governed by and construed
in accordance with the laws of the State of Delaware, without regard to the conflicts of law provisions of the State of Delaware
or of any other state.

 

16.         Rights
and Obligations Survive Exercise of Warrant.  Unless otherwise provided herein, the rights and obligations of the
Company, of the holder of this Warrant and of the holder of the Shares issued upon exercise of this Warrant, shall survive the
exercise of this Warrant.

 

[Signature Page Follows]

 

    4 

     

    

 

Issued this 29th day of March, 2018.

 

	 	MYND ANALYTICS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	Address: 	26522 La Alameda
	 	 	Mission Viejo, CA 92691

 

	Accepted and agreed:	 
	 	 
	 	 
	Name and Position	 
	 	 
	Address:	 

 

[Signature Page to Form of Warrant]

  

     

     

    

 

EXHIBIT A

 

NOTICE OF EXERCISE

 

	TO:	MYnd Analytics, Inc.	 
	 	 	 
	 	 	 

 

Attention: Chief Executive Officer

 

1.           The
undersigned hereby elects to purchase __________ Shares of _____________ pursuant to the terms of the attached Warrant.

 

2.           Please
issue a certificate or certificates representing said Shares in the name of the undersigned or in such other name as is specified
below:

 

	 
	(Name)
	 
	 
	(Address)

 

3.           The
undersigned hereby represents and warrants that the aforesaid Shares are being acquired for the account of the undersigned for
investment and not with a view to, or for resale, in connection with the distribution thereof, and that the undersigned has no
present intention of distributing or reselling such shares and all representations and warranties of the undersigned set forth
in Section 10 of the attached Warrant are true and correct as of the date hereof.

	 	 	 
	 	 	(Signature)
	 	 	 
	 	 	(Name)
	 	 	 
	(Date)	 	(Title)

 

     

     

    

 

FORM OF TRANSFER

(To be signed only upon transfer of Warrant)

 

FOR VALUE RECEIVED, the undersigned hereby
sells, assigns and transfers unto _______________________________________________ the right represented by the attached Warrant
to purchase ____________ shares of  ________________________ of MYnd Analytics, Inc. to which the attached Warrant relates,
and appoints ______________ Attorney to transfer such right on the books of __________, with full power of substitution in the
premises.

 

	Dated: ____________________

	 	 	 
	 	 	(Signature must conform in all respects to name of Holder as specified on the
    face of the Warrant)
	 	 	Address:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	Signed in the presence of:

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