Document:

EXHIBIT 10.25 

SAFETY QUICK LIGHTING & FANS CORP.

 

This Registration
Rights Agreement (this “Agreement”) is made and entered into this [ ] day of [ ], 2014, by and among
Safety Quick Lighting & Fans Corp, a Florida corporation (the “Company”), and each Holder of the
Notes and Warrants issued by the Company pursuant to a Security Purchase Agreement, dated as of the date hereof, by and between
each Investor and the Company (the “SPA”).

The Underlying
Shares shall have the registration rights as set forth herein.

The Company and the
Investor hereby agree as follows:

1.                 
Definitions. Capitalized terms used and not otherwise defined herein that are defined in the
SPA shall have the meanings given such terms in the SPA. As used in this Agreement, the following terms shall have the following
meanings:

“Closing
Date” means the date of the closing of the private placement of the Notes.

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

“Common
Stock” means the Company’s common stock, no par value.

“Conversion
Shares” means all shares of Common Stock issuable upon conversion of the Notes.

“Demand
Effectiveness Date” shall have the meaning set forth in Section 2(b).

“Demand
Filing Date” shall have the meaning set forth in Section 2(b).

“Demand
Notice” shall have the meaning set forth in Section 2(b).

“Demand
Registration Statement” shall have the meaning set forth in Section 2(b).

“Effectiveness
Period” shall mean from the date hereof until the earlier to occur of the date when all Registrable Securities covered
by a Registration Statement either (a) have been sold pursuant to a Registration Statement or an exemption from the registration
requirements of the Securities Act, and (b) pursuant to a written opinion of Company counsel acceptable to the Company’s
transfer agent and the legal counsel for the Holders, may be sold pursuant to Rule 144.

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

“Holder”
or “Holders” means the holder or holders, as the case may be, from time to time of Registrable Securities
(including any permitted assignee).

“Indemnified
Party” shall have the meaning set forth in Section 5(c).

“Indemnifying
Party” shall have the meaning set forth in Section 5(c).

“Investor”
shall mean each purchaser of Notes and Warrants pursuant to the SPA.

“Investors”
shall mean, collectively, each Investor.

“Losses”
shall have the meaning set forth in Section 5(a).

“Mandatory
Effectiveness Date” means, with respect to the Mandatory Registration Statement required to be filed pursuant to
Section 2(a) of this Agreement.

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“Mandatory Filing Date”
shall have the meaning set forth in Section 2(a).

“Mandatory
Registration Statement” shall have the meaning set forth in Section 2(a).

“Notes”
means the 12% Secured Convertible Promissory Notes in the aggregate principal amount of up to $4,250,000 issued to certain Investors,
including the Investor.

“Person”
shall mean an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

“Prospectus”
means the prospectus included in the Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Registrable Securities covered by the Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by
reference in such Prospectus.

“Registrable
Securities” means (i) the Underlying Shares, and (ii) any shares of Common Stock issued or issuable upon any stock
split, dividend or other distribution, recapitalization, anti-dilution adjustment or similar event with respect to the foregoing
or in connection with any provisions in the Notes and/or Warrants.

“Registration
Statement” means any registration statement required to be filed hereunder (which, at the Company's option, may be
an existing registration statement of the Company previously filed with the Commission, but not declared effective), including
(in each case) the Prospectus, amendments and supplements to the registration statement or Prospectus, including pre- and post-effective
amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in the registration
statement.

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

“Rule 415”
means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to
time, or any similar Rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to
time, or any similar Rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

“Securities
Act” means the Securities Act of 1933, as amended.

“Trading
Day” means (a) a day on which the Common Stock is listed or quoted for trading on a Trading Market, or (b) if
the Common Stock is not trading on a Trading Market, a day on which the Common Stock is quoted in the over-the-counter
market as reported by Pink Sheets LLC (or any similar organization or agency succeeding to its functions of reporting price); provided,
that in the event that the Common Stock is not listed or quoted as set forth in (a) and (b) hereof, then Trading Day shall
mean a Business Day;

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“Trading
Market” means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the
date in question: the OTC Bulletin Board, the American Stock Exchange, the New York Stock Exchange, the NASDAQ Global Market or
the NASDAQ Capital Market.

“Underlying
Shares” means collectively, all Conversion Shares and the Warrant Shares.

“Warrant
Shares” means all shares of Common Stock issuable upon exercise of the Warrants.

“Warrants”
means the Common Stock purchase warrants in the amount of [ ] shares issued to the Investor by the Company which are exercisable
at $0.375 per share.

2.                 
Registration.

(a)               
Mandatory Registration. The Company shall, on the date that is sixty (60) days from the Closing Date (the “Mandatory
Filing Date”), file with the Commission a Registration Statement (the “Mandatory Registration Statement”),
covering the resale of all of the Registrable Securities for an offering to be made on a continuous basis pursuant to Rule 415.
The Mandatory Registration Statement required hereunder shall be on Form S-1 or Form S-3 (except if the Company is not then eligible
to register for resale the Registrable Securities on Form S-1 or Form S-3, in which case the Mandatory Registration Statement shall
be on another appropriate form in accordance herewith). The Company shall use its best efforts to cause the Mandatory Registration
Statement to become effective, no later than ninety (90) days after the Mandatory Filing Date (the “Mandatory Effectiveness
Date”) and to keep the Mandatory Registration Statement continuously effective under the Securities Act until the
earlier of (i) when all Registrable Securities have been sold pursuant to the Mandatory Registration Statement, and (ii) the date
on which the Registration Statement may be sold without any restrictions pursuant to Rule 144 of the Securities Act.

(b)              
Demand Registration Rights. At any time commencing on the date nine (9) months following the Closing Date, the Holders
owning no less than 50.1% of the aggregate principal amount of the Notes then outstanding shall have the one-time right, by written
notice signed by such 50.1% of Holders, provided to the Company (the “Demand Notice”), to demand
the Company to register for resale all Registrable Securities under and in accordance with the provisions of the Securities Act
by filing with the Commission a Registration Statement covering the resale of all of the Registrable Securities (the “Demand
Registration Statement”). Such Demand Registration Statement shall be (i) filed by the Company with the Commission
no later than forty-five (45) days after receipt by the Company of the Demand Notice (the “Demand Filing Date”),
and (ii) the Company shall use its reasonable best efforts to have the Demand Registration Statement declared effective by the
Commission no later than ninety (90) days after the Demand Filing Date (the “Demand Effectiveness Date”).
The Demand Registration Statement required hereunder shall be on Form S-1 or Form S-3 (except if the Company is not then eligible
to register for resale the Registrable Securities on Form S-1 or Form S-3, in which case the Demand Registration Statement shall
be on another appropriate form). The Company shall keep the Demand Registration Statement continuously effective under the Securities
Act until the earlier of (i) the date when all Registrable Securities have been sold pursuant to the Demand Registration Statement,
and (ii) the date on which the Registration Statement may be sold without any restrictions pursuant to Rule 144 of the Securities
Act.

(c)               
Filing Default Damages. If a Demand Registration Statement or Mandatory Registration Statement (as the case may be)
is not filed on or prior to the Demand Filing Date or Mandatory Filing Date (as the case may be), then the Company shall pay to
the Holders of the Underlying Shares, for each thirty (30) day period of such failure and until the date a Mandatory Registration
Statement or Demand Registration Statement (as the case may be) is filed and/or the Registrable Securities may be sold pursuant
to Rule 144, an amount in cash, as partial liquidated damages and not as a penalty, equal to two (2%) percent of the aggregate
gross proceeds paid by the Holders for the Notes. The maximum liquidated damages shall be equal to 15% of the aggregate gross proceeds
received by the Company in connection with the issuance of the Notes and Warrants. If the Company fails to pay any partial liquidated
damages pursuant to this Section 2(c) in full within five (5) days of the date payable, the Company shall pay interest thereon
at a rate of 18% per annum (or such lesser maximum amount that is permitted to be paid by applicable law) to the Holders, accruing
daily from the date such partial liquidated damages are due until such amounts, plus all such interest thereon, are paid in full.

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(d)              
Effectiveness, etc.; Default Damages. If a Mandatory Registration Statement or Demand Registration Statement (as
the case may be) is not declared effective by the Commission on or prior to the Mandatory Effectiveness Date or the Demand Effectiveness
Date, respectively, or the Commission declared any such Registration Statement effective, but the Holders of Registrable Securities
cannot sell such Registrable Securities thereunder, for any reason or no reason, then the interest rate on the Notes shall increase
two percent (2%) above the current interest rate, and will continue to increase two percent (2%) above the then effective interest
rate after every 30-day period thereafter in which the Company remains in default. In no event shall any interest to be paid under
the Notes exceed the maximum rate permitted by applicable law. Notwithstanding the foregoing, the Company shall not be responsible
to pay any penalties if the delay in effectiveness is the result of any comment relating to Rule 415, provided that the Company
is working diligently to cause such effectiveness.

(e)               
Piggyback Registration Rights. If, at any time following the date hereof, there is not an effective Registration
Statement covering the Registrable Securities and the Company shall determine to prepare and file with the Commission a registration
statement relating to an offering for its own account or the account of others under the Securities Act of any of its equity securities,
other than on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents, relating to equity
securities to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection
with stock option or other employee benefit plans, then the Company shall send to each Holder a written notice of such determination
at least twenty (20) days prior to the filing of any such registration statement and shall automatically include in such registration
statement all Registrable Securities; provided, however, that (i) if, at any time after giving written notice of
its intention to register any securities and, prior to the effective date of the registration statement filed in connection with
such registration, the Company determines for any reason not to proceed with such registration, the Company will be relieved of
its obligation to register any Registrable Securities in connection with such registration, and (ii) in case of a determination
by the Company to delay registration of its securities, the Company will be permitted to delay the registration of Registrable
Securities for the same period as the delay in registering such other securities.

3.                 
Registration Procedures. In connection with the Company's registration obligations hereunder, and during the
period in which the Company is required or elects to keep the Registration Statement effective (the “Effectiveness
Period”), the Company shall:

(a)               
Prepare and file with the Commission such amendments, including post-effective amendments, to the Registration Statement
and the Prospectus used in connection therewith as may be necessary to keep the Registration Statement continuously effective as
to the applicable Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented
by any required Prospectus supplement, and as so supplemented or amended, to be filed pursuant to Rule 424; and (iii) respond
to any comments received from the Commission with respect to the Registration Statement or any amendment thereto.

(b)              
Notify each Holder of Registrable Securities included in the Registration Statement, as promptly as reasonably possible,
but no later than three (3) business days after the date: (i) (A) when a Prospectus or any Prospectus supplement or post-effective
amendment to the Registration Statement has been filed, provided, however, that such Holder has previously requested
in writing to receive notice of such filing; (B) when the Commission notifies the Company whether there will be a “review”
of the Registration Statement and whenever the Commission comments in writing on the Registration Statement, provided, however,
that such Holder has previously requested in writing to receive notice of such notification; and (C) when the Registration Statement
or any post-effective amendment has become effective; (ii) of any request by the Commission or any other Federal or state governmental
authority during the period of effectiveness of the Registration Statement for amendments or supplements to the Registration Statement
or Prospectus or for additional information; (iii) of the issuance by the Commission or any other federal or state governmental
authority of any stop order suspending the effectiveness of the Registration Statement covering any or all of the Registrable Securities
or the initiation of any Proceedings for that purpose; 

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(iv) of the receipt by the Company of any notification with respect to the
suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction,
or the initiation of any Proceeding for such purpose; and (v) of the occurrence of any event that makes, or with the passage of
time would make, the financial statements included in the Registration Statement ineligible for inclusion therein, or, that makes,
or with the passage of time would make, any statement made in the Registration Statement or Prospectus or any document incorporated
or deemed to be incorporated therein by reference untrue in any material respect or that requires any revisions to the Registration
Statement, Prospectus or other documents so that, in the case of the Registration Statement or the Prospectus, as the case may
be, it will not contain any 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, in light of the circumstances under which they were made, not misleading.

(c)               
Use its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness
of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable
Securities for sale in any jurisdiction, at the earliest practicable moment.

(d)              
Promptly deliver to each Holder no later than five (5) business days after the Effectiveness Date, without charge, two (2)
copies of the final Prospectus or Prospectuses (including each form of prospectus) and each amendment or supplement thereto (and,
upon the request of the Holder such additional copies as such Persons may reasonably request in connection with resales by the
Holder of Registrable Securities). The Company hereby consents to the use of such Prospectus and each amendment or supplement thereto
by the Holder in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any amendment
or supplement thereto, except after the giving of any notice pursuant to Section 3(b).

(e)               
Prior to any resale of Registrable Securities by a Holder, use its best efforts to register or qualify or cooperate with
the selling Holders in connection with the registration or qualification (or exemption from the registration or qualification)
of such Registrable Securities for the resale by the Holder under the securities or Blue Sky Laws of such jurisdictions within
the United States as any Holder reasonably requests in writing, to keep such registration or qualification (or exemption therefrom)
effective during the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition
in such jurisdictions of the Registrable Securities covered by the Registration Statement; provided, however, that
the Company shall not be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject
the Company to any material tax in any such jurisdiction where it is not then so subject, or file a general consent to service
of process in any such jurisdiction.

(f)               
Upon the occurrence of any event contemplated by Section 3(b)(v), as promptly as reasonably possible, prepare
a supplement or amendment, including a post-effective amendment, to the Registration Statement or a supplement to the related
Prospectus or any document incorporated or deemed to be incorporated therein by reference, and file any other required document
so that, as thereafter delivered, neither the Registration Statement nor such Prospectus will contain an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein, in light
of the circumstances under which they were made, not misleading.

(g)              
Use its best efforts to comply with all applicable rules and regulations of the Commission relating to the registration
of the Registrable Securities pursuant to the Registration Statement or otherwise.

(h)              
The Company covenants that it shall file the reports required to be filed by it under the Securities Act and the Exchange
Act and the rules and regulations adopted by the SEC thereunder so long as the Holder owns any Registrable Securities, but in
no event longer than two (2) years after the date a Registration Statement is declared effective; provided, however,
that the Company may delay any such filing but only pursuant to Rule 12b-25 under the Exchange Act, and the Company shall
take such further reasonable action as the Holder may reasonably request (including, without limitation, promptly obtaining any
required legal opinions from Company counsel necessary to effect the sale of Registrable Securities under Rule 144 and paying
the related fees and expenses of such counsel), all to the extent required from time to time to enable such Holder to sell Registrable
Securities without registration under the Securities Act within the limitation of the exemptions provided by (a) Rule 144
under the Securities Act, as such Rule may be amended from time to time, or (b) any similar rule or regulation hereafter
adopted by the Commission. Upon the request of any Holder of Registrable Securities, the Company will deliver to such Holder a
written statement as to whether it has complied with such requirements.

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4.                 
Registration Expenses. All fees and expenses incident to the performance of or compliance with this Agreement by
the Company shall be borne by the Company whether or not any Registrable Securities are sold pursuant to the Registration Statement,
other than fees and expenses of counsel or any other advisor retained by the Holders and discounts and commissions with respect
to the sale of any Registrable Securities by the Holders. The fees and expenses referred to in the foregoing sentence shall include,
without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to
any filings required to be made with the Trading Market on which the Common Stock is then listed for trading, and (B) in compliance
with applicable state securities or Blue Sky laws), (ii) printing expenses (including, without limitation, expenses of printing
certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is reasonably requested by
the holders of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone and
delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance, if the Company
so desires such insurance, in its sole discretion, and (vi) fees and expenses of all other Persons retained by the Company in connection
with the consummation of the transactions contemplated by this Agreement.

5.                 
Indemnification.

(a)               
Indemnification by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and
hold harmless the Holder, the officers, directors, agents and employees of it, each Person who controls the Holder (within the
meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, agents and
employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all losses,
claims, damages, liabilities, costs (including, without limitation, reasonable attorneys' fees) and expenses relating to an Indemnified
Party’s actions to enforce the provisions of this Section 5 (collectively, “Losses”), as
incurred, to the extent arising out of or relating to any untrue or alleged untrue statement of a material fact contained in the
Registration Statement, any Prospectus or any form of prospectus, or in any amendment or supplement thereto, or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein (in the case of any Prospectus or form of prospectus or supplement thereto, in light
of the circumstances under which they were made) not misleading, except to the extent, but only to the extent, that (1) such untrue
statements or omissions are based solely upon information regarding such Holder furnished (or in the case of an omission, not furnished)
in writing to the Company by or on behalf of such Holder expressly for use therein, or to the extent that such information relates
to such Holder or such Holder's proposed method of distribution of Registrable Securities and was reviewed and expressly approved
in writing by such Holder expressly for use in the Registration Statement, such Prospectus or such form of prospectus, or in any
amendment or supplement thereto, (2) in the case of an occurrence of an event of the type specified in Section 3(b)(iii)-(v),
the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by such Holder of written notice from the Company that the use of the applicable
Prospectus may be resumed, or (3) the failure of the Holder to deliver a prospectus prior to the confirmation of a sale. The Company
shall notify the Holders promptly of the institution, threat or assertion of any Proceeding of which the Company is aware in connection
with the transactions contemplated by this Agreement.

(b)              
Indemnification by Holder. The Holder shall indemnify and hold harmless the Company, its directors, officers, agents
and employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, to the extent arising out of or based upon: (x) the Holder's failure
to comply with the prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement of a material
fact contained in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement thereto
or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact required
to be stated therein or necessary to make the statements therein not misleading (i) to the extent, but only to the extent, 

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that
such untrue statement or omission is contained in any information so furnished (or in the case of an omission, not furnished) in
writing by or on behalf of such Holder to the Company specifically for inclusion in the Registration Statement or such Prospectus
(or, in each case, any amendment or supplement thereto) or (ii) to the extent that (1) such untrue statements or omissions are
based solely upon information regarding such Holder furnished (or in the case of an omission, not furnished) in writing to the
Company by or on behalf of such Holder expressly for use therein, or to the extent that such information relates to such Holder
or such Holder's proposed method of distribution of Registrable Securities, such Prospectus or such form of Prospectus or in any
amendment or supplement thereto, or (2) in the case of an occurrence of an event of the type specified in Section 3(b)(iii)-(v),
the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by such Holder of written notice from the Company that the use of the applicable
Prospectus may be resumed, or (3) the failure of the Holder to deliver a Prospectus prior to the confirmation of a sale. In no
event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the Subscription Amount
paid by the Holder in the Purchase Agreement.

(c)               
Conduct of Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled
to indemnity hereunder (an “Indemnified Party”), such Indemnified Party shall promptly notify the Person
from whom indemnity is sought (the “Indemnifying Party”) in writing, and the Indemnifying Party shall
have the right to assume the defense thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party
and the payment of all fees and expenses incurred in connection with defense thereof; provided, however, that the
failure of any Indemnified Party to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities
pursuant to this Agreement, except and only to the extent that such failure shall have materially prejudiced the Indemnifying Party.

An Indemnified Party
shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has
agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of
such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named
parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same counsel
were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies the Indemnifying
Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying Party shall
not have the right to assume the defense thereof and the reasonable fees and expenses of one separate counsel for all Indemnified
Parties in any matters related on a factual basis shall be at the expense of the Indemnifying Party). The Indemnifying Party shall
not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall not be unreasonably
withheld. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any
pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes an unconditional release
of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

All reasonable fees
and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating
or preparing to defend such Proceeding in a manner not inconsistent with this Section) shall be paid to the Indemnified Party,
as incurred, within ten (10) Trading Days of written notice thereof to the Indemnifying Party; provided, however,
that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable
to such actions for which such Indemnified Party is not entitled to indemnification hereunder, determined based upon the relative
faults of the parties.

(d)              
Contribution. If a claim for indemnification under Section 5(a) or Section 5(b) is unavailable
to an Indemnified Party (by reason of public policy or otherwise), then each Indemnifying Party, in lieu of indemnifying such Indemnified
Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion
as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions,
statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault
of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in
question, 

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including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties'
relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The
amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in
Section 5(c), any reasonable attorneys' or other reasonable fees or expenses incurred by such party in connection with
any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for
in this Section was available to such party in accordance with its terms.

(e)Rule
144. As long as any Holder owns any Notes, Warrants or Registrable Securities, the Company covenants to timely file (or obtain
extensions in respect thereof and file within the applicable grace period) all reports required to be filed by the Company after
the date hereof pursuant to Section 13(a) or 15(d) of the Exchange Act. As long as any Holder owns any Notes, Warrants or Registrable
Securities, if the Company is not required to file reports pursuant to Section 13(a) or 15(d) of the Exchange Act, it will prepare
and furnish to the Holders and make publicly available in accordance with Rule 144(c) promulgated under the Securities Act annual
and quarterly financial statements, together with a discussion and analysis of such financial statements in form and substance
substantially similar to those that would otherwise be required to be included in reports required by Section 13(a) or 15(d) of
the Exchange Act, as well as any other information required thereby, in the time period that such filings would have been required
to have been made under the Exchange Act. The Company further covenants that it will take such further action as any Holder may
reasonably request, all to the extent required from time to time to enable such person to sell Conversion Shares and Warrant Shares
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 relating to such sale pursuant to Rule 144, if such person is deemed by
the Company’s counsel to be in compliance with the rules and regulations set forth in Rule 144. Upon the request of any Holder,
the Company shall deliver to such Holder a written certification of a duly authorized officer as to whether it has complied with
such requirements.

6.                 
Miscellaneous.

(a)               
Compliance. The Holder covenants and agrees that it will comply with the prospectus delivery requirements of the
Securities Act as applicable to it in connection with sales of Registrable Securities pursuant to the Registration Statement.

(b)              
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall
be in writing and signed by the Company and each Holder of the then outstanding Registrable Securities.

(c)               
Notices. Any and all notices or other communications or deliveries required or permitted to be provided hereunder
shall be in writing and shall be deemed given and effective on the earliest of (i) the Trading Day following the date of delivery
to the courier service, if sent by nationally recognized overnight courier service, (ii) the third Trading Day following the date
of mailing, if sent by first-class, registered or certified mail, postage prepaid, (iii) the Trading Day following transmission
by electronic mail with receipt confirmed or acknowledged, or (iv) upon actual receipt by the party to whom such notice is required
to be given. The address for such notices and communications shall be delivered and addressed as set forth in the Purchase Agreement
or to such other address as shall be designated in writing from time to time by a party hereto.

(d)              
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted
assigns of each of the parties and shall inure to the benefit of the Holder.

(e)               
Execution and Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original and, all of which taken together shall constitute one and the same Agreement. In the event that
any signature is delivered by facsimile transmission, such signature shall create a valid binding obligation of the party executing
the same (or on whose behalf such signature is executed) with the same force and effect as if such facsimile signature were the
original thereof.

    	8

    	 

    

(f)               
Governing Law. This Agreement shall be governed by and construed exclusively in accordance with the internal laws
of the State of New York without regard to the conflicts of laws principles thereof. The parties hereto hereby irrevocably agree
that any suit or proceeding arising directly and/or indirectly pursuant to or under this Agreement, shall be brought solely in
a federal or state court located in the City, County and State of New York. By its execution hereof, the parties hereby covenant
and irrevocably submit to the in personam jurisdiction of the federal and state courts located in the City, County
and State of New York and agree that any process in any such action may be served upon any of them personally, or by certified
mail or registered mail upon them or their agent, return receipt requested, with the same full force and effect as if personally
served upon them in New York. The parties hereto waive any claim that any such jurisdiction is not a convenient forum for any such
suit or proceeding and any defense or lack of in personam jurisdiction with respect thereto. In the event of any such action
or proceeding, the party prevailing therein shall be entitled to payment from the other party hereto of its reasonable counsel
fees and disbursements.

(g)              
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

(h)              
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect
the meaning hereof.

 

[Signature Page Follows]

    	9

    	 

    

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

 

	 	 	 	 	SAFETY QUICK LIGHTING & FANS CORP.
	 	 	 	 	 	 	 
	 	 	 	 	By:	 	 
	 	 	 	 	 	James R. Hills	 
	 	 	 	 	 	President & CEO	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:	 	 	 	 	 	 
	Name:	 	 	 	 	 	 
	Title:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
		Address	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Facsimile Number 	 	 	 	 	 

 

 

    	10EXHIBIT 10.26 

NOTE SUBSCRIPTION AGREEMENT

 

 

As of [ ], 2014

Safety Quick Lighting & Fans Corp.

3060 Peachtree Road, Suite 390

Atlanta, GA 30305

 

Investors:

 

1.Subscription;
Escrow Arrangement.

 

(a)The undersigned subscriber (the
“Subscriber”) hereby irrevocably subscribes for and agrees to purchase a 12% Secured Convertible Promissory
Note (each a “Secured Note” and collectively, the “Secured Notes”) from Safety Quick Lighting
& Fans Corp., a Florida corporation (the “Company”), in the principal amount set forth on the signature
page hereto and in substantially the form of Exhibit C of the Offering Documents (including all schedules therein) dated
September 2013, as amended and supplemented from time to time (the “Offering Documents”), and presented by the
Company in connection with the Company’s offering of up to $4,250,000 in Secured Notes and warrants to purchase shares of
the Company’s common stock in the form of Exhibit D of the Offering Documents (the “Warrants” and
together with the Secured Notes, the “Securities”), pursuant to the terms set forth in the Confidential Term
Sheet attached as Exhibit A to the Offering Documents (the “Offering”). This Note Subscription Agreement
shall be hereinafter referred to as the “Subscription Agreement”. The minimum investment per Subscriber shall
be $10,000, but may be waived by the Company in its sole discretion.

 

This subscription is
based upon the information provided in the Offering Documents and upon the Subscriber’s own investigation as to the merits
and risks of this investment. The Subscriber shall deliver herewith duly executed copies of the signature pages to the following
documents: (i) the Note Subscription Agreement attached as Exhibit B to the Offering Documents, (ii) Security Purchase Agreement
attached as Exhibit E to the Offering Documents, and (iii) the Accredited Investor Questionnaire & Form W-9 (the “Investor
Questionnaire”) attached as Exhibit F to the Offering Documents.

 

It is currently anticipated
that the closing in the Offering will take place on or around April 30, 2014 (the “Closing” and the date of
such Closing, the “Closing Date”), unless otherwise extended by the Company.

 

The Company shall
deliver PDF copies of the executed Note and Warrant issuable to the Subscriber on or prior to the Closing Date applicable to the
Subscriber.

 

(b)Subject to the terms and conditions hereinafter set
forth, the Subscriber hereby subscribes for and agrees to purchase the principal amount of Secured Notes from the Company set
forth on the signature page hereof (the “Purchase Price”), and when this Subscription Agreement is
accepted and executed by the Company, the Company agrees to issue such Secured Notes to the Subscriber. The total principal
amount of Notes issued will be up to a maximum of $4,250,000 unless increased by the Company (the “Maximum
Amount”). The Purchase Price is payable by wire transfer to Citibank, New York, NY for Safety Quick Lighting &
Fans Corp. pursuant to the following wire instructions.

 

WIRING INSTRUCTIONS

 

Citibank, New York,
NY

For the Benefit of: Thompson Hine LLP Attorney
Trust Account / IOLA

Account # 95398639

ABA/Routing: 021000089

Swift Code: CITIUS33

F/B/O Safety Quick Lighting & Fans Corp.

    	 	 	 

    	 

    

Provided that (i) the Subscriber
has satisfied all conditions set forth herein, and (ii) the Company has accepted and executed this Subscription Agreement, the
Securities purchased by the Subscriber will be delivered by the Company promptly following the Closing Date. In the event that
a Closing does not occur, Subscriber’s funds will be returned by the Company to the Subscriber.

 

2.                 
Subscriber Representations, Warranties and Agreements. The Subscriber hereby acknowledges, represents and warrants
as follows (with the understanding that the Company will rely on such representations and warranties in determining, among other
matters, the suitability of this investment for the Subscriber in order to comply with federal and state securities laws):

 

(a)In connection with this subscription,
the Subscriber has read this Subscription Agreement. The Subscriber acknowledges that this Subscription Agreement is not intended
to set forth all of the information which might be deemed pertinent by an investor who is considering an investment in the Securities.
It is the responsibility of the Subscriber (i) to determine what additional information he desires to obtain in evaluating this
investment, and (ii) to obtain such information from the Company.

 

(b)This
offering is limited to persons who are “accredited investors,” as that term is defined in RULE 501 OF Regulation D
under the Securities Act of 1933, as amended (the “1933 Act”), and who have the financial means and the business,
financial and investment experience and acumen to conduct an investigation as to, and to evaluate, the merits and risks of this
investment. The Subscriber hereby represents that he has read, is familiar with and understands Rule 501 of Regulation D under
the 1933 Act. The Subscriber is an “accredited investor” as defined in Rule 501(a) of Regulation D under the 1933 Act.

 

(c)The Subscriber has had full access to all the information
which the Subscriber (or the Subscriber’s advisor(s)) considers necessary or appropriate to make an informed decision with
respect to the Subscriber’s investment in the Securities. The Subscriber acknowledges that the Company has made available
to the Subscriber and the Subscriber’s advisors the opportunity to examine and copy any contract, matter or information
which the Subscriber considers relevant or appropriate in connection with this investment and to ask questions and receive answers
relating to any such matters including, without limitation, the financial condition, management, employees, business, obligation,
corporate books and records, budgets, business plans of and other matters relevant to the Company. To the extent the Subscriber
has not sought information regarding any particular matter, the Subscriber represents that he or she had and has no interest in
doing so and that such matters are not material to the Subscriber in connection with this investment. The Subscriber has accepted
the responsibility for conducting the Subscriber’s own investigation and obtaining for itself such information as to the
foregoing and all other subjects as the Subscriber deems relevant or appropriate in connection with this investment. The Subscriber
is not relying on any representation or warranty other than that contained herein. The Subscriber acknowledges that no representation
regarding projected revenues or a projected rate of return has been made to it by any party.

 

(d)The Subscriber
understands that the offering of the Securities has not been registered under the 1933 Act, in reliance on an exemption for private
offerings provided pursuant to Section 4(2) of the 1933 Act and that, as a result, the Securities will be “restricted securities”
as that term is defined in Rule 144 under the 1933 Act and, accordingly, under Rule 144 as currently in effect, that the Securities
must be held for at least one (1) year after the investment has been made (or indefinitely if the Subscriber is deemed an “affiliate”
within the meaning of such rule) unless the Securities is subsequently registered under the 1933 Act and qualified under any other
applicable securities law or exemptions from such registration and qualification are available. The Subscriber understands that
the Company is under no obligation to register the Securities under the 1933 Act or to register or qualify the Securities under
any other applicable securities law, or to comply with any other exemption under the 1933 Act or any other securities law, and
that the Subscriber has no right to require such registration. The Subscriber further understands that the Offering of the Securities
has not been qualified or registered under any foreign or state securities laws in reliance upon the representations made and information
furnished by the Subscriber herein and any other documents delivered by the Subscriber in connection with this subscription; that
the offering has not been reviewed by the SEC or by any foreign or state securities authorities; that the Subscriber’s rights
to transfer the Securities will be restricted, which includes restrictions against transfers unless the transfer is not in violation
of the 1933 Act and applicable state securities laws (including investor suitability standards); and that the Company may in its
sole discretion require the Subscriber to provide at Subscriber’s own expense an opinion of its counsel to the effect that
any proposed transfer is not in violation of the 1933 Act or any state securities laws.

    	 	 	 

    	 

    

(e) The Subscriber
is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the 1933 Act. The Subscriber
has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the
purchase of the Common Stock. The Subscriber is not registered as a broker or dealer under Section 15(a) of the Securities Exchange
Act of 1934, affiliated with any broker or dealer registered under Section 15(a) of the Securities Exchange Act of 1934, as amended,
or a member of the Financial Industry Regulatory Authority.

 

Each of this Subscription Agreement, the Offering Documents,
and the Registration Rights Agreement, Secured Convertible Promissory Note, Common Stock Purchase Warrant, and Security
Purchase Agreement, in each case, dated as of the date hereof (collectively, the “Offering Materials”)
have been duly and validly authorized, executed and delivered on behalf of the Subscriber and is a valid and binding
agreement of the Subscriber enforceable against the Subscriber in accordance with their terms, subject as to enforceability
to general principles of equity and to applicable bankruptcy, insolvency, reorganization, moratorium, liquidation and other
similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies. The
Subscriber has the requisite corporate power and authority to enter into and perform its obligations under this Subscription
Agreement and the Offering Materials and each other agreement entered into by the parties hereto in connection with the
transactions contemplated by this Subscription Agreement.

 

The execution, delivery and
performance of this Subscription Agreement and the Offering Materials by the Subscriber and the consummation by the Subscriber
of the transactions contemplated hereby and thereby will not (i) result in a violation of the certificate of incorporation, by-laws
or other documents of organization of the Subscriber, (ii) conflict with, or constitute a default (or an event which with notice
or lapse of time or both would become a default) under, or give others any rights of termination, amendment, acceleration or cancellation
of, any agreement, indenture or instrument to which the Subscriber is bound, or (iii) result in a violation of any law, rule, regulation
or decree applicable to the Subscriber.

 

The Subscriber understands
that the Securities are being offered and sold in reliance on a transactional exemption from the registration requirements of Federal
and state securities laws and that the Company is relying upon the truth and accuracy of the representations, warranties, agreements,
acknowledgments and understandings of the Subscriber set forth herein in order to determine the applicability of such exemptions
and the suitability of the Subscriber to acquire the Securities.

 

(f)The Subscriber
acknowledges that there will be no market for the Securities and that the Subscriber may not be able to sell or dispose of them;
the Subscriber has liquid assets sufficient to assure that the purchase price of the Securities will cause no undue financial difficulties
and that, after purchasing the Securities the Subscriber will be able to provide for any foreseeable current needs and possible
personal contingencies; the Subscriber is able to bear the risk of illiquidity and the risk of a complete loss of this investment.

 

(g)The information
in any documents delivered by the Subscriber in connection with this subscription, including, but not limited to the Investor Questionnaire,
is true, correct and complete in all respects as of the date hereof. The Subscriber agrees promptly to notify the Company in writing
of any change in such information after the date hereof.

 

(h)The offering
and sale of the Securities to the Subscriber were not made through any advertisement in printed media of general and regular paid
circulation, radio or television or any other form of advertisement, or as part of a general solicitation.

 

(i)The Subscriber
recognizes that an investment in the Securities involves significant risks, which risks could give rise to the loss of the Subscriber’s
entire investment in such securities.

 

(j)The Subscriber
is purchasing the Securities for the Subscriber's own account, with the intention of holding the Securities, with no present intention
of dividing or allowing others to participate in this investment or of reselling or otherwise participating, directly or indirectly,
in a distribution of the Common Stock or Warrants, and shall not make any sale, transfer, or pledge thereof without registration
under the 1933 Act and any applicable securities laws of any state or unless an exemption from registration is available under
those laws.

  

The Subscriber represents
that the Subscriber, if an individual, has adequate means of providing for his or her current needs and personal and family contingencies
and has no need for liquidity in this investment in the Securities. The Subscriber has no reason to anticipate any material change
in his or her personal financial condition for the foreseeable future.

    	 	 	 

    	 

    

The Subscriber is
financially able to bear the economic risk of this investment, including the ability to hold the Securities indefinitely or to
afford a complete loss of the Subscriber’s investment in the Securities.

 

(k) If the Subscriber
is a partnership, corporation, trust, or other entity, (i) the Subscriber has enclosed with this Subscription Agreement appropriate
evidence of the authority of the individual executing this Subscription Agreement to act on its behalf (e.g., if a trust, a certified
copy of the trust agreement; if a corporation, a certified corporate resolution authorizing the signature and a certified copy
of the articles of incorporation; or if a partnership, a certified copy of the partnership agreement), (ii) the Subscriber represents
and warrants that it was not organized or reorganized for the specific purpose of acquiring the Securities, (iii) the Subscriber
has the full power and authority to execute this Subscription Agreement on behalf of such entity and to make the representations
and warranties made herein on its behalf, and (iv) this investment in the Company has been affirmatively authorized, if required,
by the governing board of such entity and is not prohibited by the governing documents of the entity.

 

3.                 
Representations and Warrants of the Company. As a material inducement of the Subscriber to enter into this Subscription
Agreement and subscribe for the Securities, the Company represents and warrants to the Subscriber, as of the date hereof, as follows:

 

(a)Organization
and Standing. The Company is a duly organized corporation, validly existing and in good standing under the laws of the State
of Florida, has full power to carry on its business as and where such business is now being conducted and to own, lease and operate
the properties and assets now owned or operated by it and is duly qualified to do business and is in good standing in each jurisdiction
where the conduct of its business or the ownership of its properties requires such qualification except where the failure to be
so qualified would not have a Material Adverse Effect. “Material Adverse
Effect” means any circumstance, change in, or effect on the Company that, individually or in the aggregate with any other
similar circumstances, changes in, or effects on, the Company taken as a whole: (i) is, or is reasonably expected to be, materially
adverse to the business, operations, assets, liabilities, employee relationships, customer or supplier relationships, prospects,
results of operations or the condition (financial or otherwise) of the Company taken as a whole, or (ii) is reasonably expected
to adversely affect the ability of the Company to operate or conduct the Company’s business in the manner in which it is
currently operated or conducted or proposed to be operated or conducted by the Company.

 

(b)Authority.
The execution, delivery and performance of this Subscription Agreement and the other Offering Materials by the Company and the
consummation of the transactions contemplated hereby and thereby have been duly authorized by the Board of Directors of the Company.

 

(c)No Conflict.
The execution, delivery and performance of this Subscription Agreement and the other Offering Materials, and the consummation of
the transactions contemplated hereby and thereby do not (i) violate or conflict with the Company’s Articles of Incorporation,
By-laws or other organizational documents, (ii) conflict with or result (with the lapse of time or giving of notice or both) in
a material breach or default under any material agreement or instrument to which the Company is a party or by which the Company
is otherwise bound, or (iii) violate any order, judgment, law, statute, rule or regulation applicable to the Company, except where
such violation, conflict or breach would not have a Material Adverse Effect. This Subscription Agreement and the other Offering
Materials when executed by the Company will be a legal, valid and binding obligation of the Company enforceable in accordance with
its terms (except as may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws and equitable principles
relating to or limiting creditors’ rights generally).

 

(d)Authorization.
Issuance of the Securities to the Subscriber has been duly authorized by all appropriate corporate actions of the Company.

 

(e)Litigation and
Other Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of the Company,
threatened against the Company at law or in equity before or by any court or Federal, state, municipal or their governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign which could materially adversely affect the Company.
The Company is not subject to any continuing order, writ, injunction or decree of any court or agency against it which would have
a material adverse effect on the Company.

    	 	 	 

    	 

    

(f)Use of Proceeds.
The proceeds of this Offering and sale of the Securities, net of payment of placement expenses, will be used by the Company for
working capital and other general corporate purposes subject to the restrictions set forth in the Securities and on Schedule
1 of the Offering Documents.

 

(g)Consents/Approvals.
No consents, filings (other than Federal and state securities filings relating to the issuance of the Securities pursuant to applicable
exemptions from registration, which the Company hereby undertakes to make in a timely fashion), authorizations or other actions
of any governmental authority are required to be obtained or made by the Company for the Company’s execution, delivery and
performance of this Subscription Agreement which have not already been obtained or made or will be made in a timely manner following
the Closing.

 

(h)No Commissions. The Company has not incurred any
obligation for any finder’s, broker’s or agent’s fees or commissions in connection with the transaction
contemplated hereby other than those fees payable to a Placement Agent pursuant to that certain Placement Agent Agreement,
dated September 27, 2013, by and between the Company and Bradley Woods & Co. Ltd., such fees shall not be in excess of
eight percent (8%) of aggregate capital raised in the Offering.

 

(i)Capitalization.
A capitalization table illustrating the authorized and the outstanding capital stock of the Company as of December 31, 2013 is
attached as Schedule 2 to the Offering Documents. All of such outstanding shares have been, or upon issuance will be, validly
issued, fully paid and nonassessable. As of the date hereof, except as disclosed in Schedule 2.2 of the Offering Documents,
(i) no shares of the Company’s capital stock are subject to preemptive rights or any other similar rights or any liens or
encumbrances suffered or permitted by the Company, other than pursuant to the prior issuance of Securities in the Offering; (ii)
there are no outstanding debt securities, other than pursuant to the prior issuance of Securities in the Offering; (iii) there
are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its subsidiaries, other than
pursuant to the prior issuance of Securities in the Offering, or contracts, commitments, understandings or arrangements by which
the Company or any of its subsidiaries is or may become bound to issue additional shares of capital stock of the Company or any
of its subsidiaries or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its subsidiaries, other than
pursuant to the prior issuance of Securities in the Offering; (iv) there are no agreements or arrangements under which the Company
or any of its subsidiaries is obligated to register the sale of any of their securities under the 1933 Act; (v) there are no outstanding
securities of the Company or any of its subsidiaries which contain any redemption or similar provisions, and there are no contracts,
commitments, understandings or arrangements by which the Company or any of its subsidiaries is or may become bound to redeem a
security of the Company or any of its subsidiaries, other than pursuant to the prior issuance of Securities in the Offering; and
(vi) there are no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance
or exercise of the Securities or Warrants as described in this Subscription Agreement. The Company has furnished to the Subscriber
true and correct copies of the Company’s Certificate of Incorporation attached as Schedule 6 to the Offering Documents,
as amended and as in effect on the date hereof (the “Certificate of Incorporation”), and the Company’s
By-laws, as in effect on the date hereof (the “By-laws”) attached as Schedule 7 to the Offering Documents,
and the terms of all securities convertible or exchangeable into or exercisable for Common Stock and the material rights of the
holders thereof in respect thereto. Schedule 2.1 of the Offering Documents also lists all outstanding debt of the Company
for borrowed money (other than the Secured Notes previously issued in the Offering).

 

(j)Employee Relations.
Neither the Company nor any of its subsidiaries is involved in any labor dispute nor, to the knowledge of the Company or any of
its subsidiaries, is any such dispute threatened, the effect of which would be reasonably likely to result in a Material Adverse
Effect. Neither the Company nor any of its subsidiaries is a party to a collective bargaining agreement.

    	 	 	 

    	 

    

(k)Intellectual
Property Rights. The Company and its subsidiaries own or possess adequate rights or licenses to use all trademarks, trade names,
service marks, service mark registrations, service names, patents, patent rights, copyrights, inventions, licenses, approvals,
governmental authorizations, trade secrets and rights necessary to conduct their respective businesses as now conducted. The Company
and its subsidiaries do not have any knowledge of any infringement by the Company or its subsidiaries of trademark, trade name
rights, patents, patent rights, copyrights, inventions, licenses, service names, service marks, service mark registrations, trade
secret or other similar rights of others, or of any such development of similar or identical trade secrets or technical information
by others and, except as set forth on Schedule 3 of the Offering Documents, there is no claim, action or proceeding being
made or brought against, or to the Company’s knowledge, being threatened against, the Company or its subsidiaries regarding
trademarks, trade name rights, patents, patent rights, inventions, copyrights, licenses, service names, service marks, service
mark registrations, trade secrets or other infringement.

 

(l)Environmental
Laws. The Company and its subsidiaries (i) are to the Company’s knowledge in compliance with any and all applicable foreign,
federal, state and local laws and regulations relating to the protection of human health and safety, the environment or hazardous
or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii) have received all permits,
licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses, and (iii)
are in compliance with all terms and conditions of any such permit, license or approval where such noncompliance or failure to
receive permits, licenses or approvals referred to in clauses (i), (ii) or (iii) above would be reasonably likely to result in
a Material Adverse Effect.

 

(m)Disclosure.
No representation or warranty by the Company in this Subscription Agreement, the other Offering Documents, nor in any certificate,
Schedule or Exhibit delivered or to be delivered pursuant to this Subscription Agreement or the other Offering Documents contains
or will contain any untrue statement of material fact or omits or will omit to state a material fact necessary to make the statements
contained herein or therein not misleading. To the knowledge of the Company and its subsidiaries at the time of the execution of
this Subscription Agreement, there is no information concerning the Company and its subsidiaries or their respective businesses
which has not heretofore been disclosed to the Subscribers that would have a Material Adverse Effect.

 

(n)Title. The
Company and its subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to
all personal property owned by them which is material to the business of the Company and its subsidiaries, in each case free and
clear of all liens, encumbrances and defects except such as are described in Schedule 2.1 of the Offering Documents or such
as do not materially and adversely affect the value of such property and do not interfere with the use made and proposed to be
made of such property by the Company or any of its subsidiaries. Any real property and facilities held under lease by the Company
or any of its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material
and do not interfere with the use made and proposed to be made of such property and buildings by the Company and its subsidiaries.

 

(o)Foreign Corrupt
Practices Act. To the Company’s knowledge, neither the Company, nor any director, officer, agent, employee or other person
acting on behalf of the Company or any subsidiary has, in the course of acting for, or on behalf of, the Company, directly or indirectly
used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating to political activity;
directly or indirectly made any direct or indirect unlawful payment to any foreign or domestic government official or employee
from corporate funds; violated or is in violation of any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended,
or any similar treaties of the United States; or directly or indirectly made any bribe, rebate, payoff, influence payment, kickback
or other unlawful payment to any foreign or domestic government or party official or employee.

 

(p)Tax Status.
The Company and each of its subsidiaries has made or filed all United States federal and state income and all other tax returns,
reports and declarations required by any jurisdiction to which it is subject and all such returns, reports and declarations are
true, correct and accurate in all material respects. The Company has paid all taxes and other governmental assessments and charges,
shown or determined to be due on such returns, reports and declarations, except those being contested in good faith, for which
adequate reserves have been established, in accordance with generally accepted accounting principles.

 

(q)Compliance with
Laws. The business of the Company and its subsidiaries has been and is presently being conducted so as to comply with all applicable
material federal, state and local governmental laws, rules, regulations and ordinances.

    	 	 	 

    	 

    

(r)Employee Benefit Plans; ERISA. Schedule 5
of the Offering Documents sets forth a true, correct and complete list of all employee benefit plans, programs, policies and
arrangements, whether written or unwritten (the “Company Plans”), that the Company, any subsidiary or any
other corporation or business which is now or at the relevant time was a member of a controlled group of companies or trades
or businesses including the Company or any subsidiary, within the meaning of section 414 of the Internal Revenue Code of
1986, as amended (the “Code”), maintain or have maintained on behalf of current or former members,
partners, principals, directors, officers, managers, employees, consultants or other personnel. (i) There has been no
prohibited transaction within the meaning of Section 406 of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), or Section 4975 of the Code, with respect to any of the Company Plans; (ii) none of the Company
Plans is or was subject to Section 412 of the Code or Section 302 or Title IV of ERISA; and (iii) each of the Company Plans
has been operated and administered in all material respects in accordance with all applicable laws, including ERISA. There
are no actions, suits or claims pending or threatened (other than routine claims for benefits), whether by participants, the
Internal Revenue Service, the Department of Labor or otherwise, with respect to any Company Plan and no facts exist under
which any such actions, suits or claims are likely to be brought or under which the Company or any subsidiary could incur any
liability with respect to a Company Plan other than in the ordinary course. None of the Company Plans is or was a
multiemployer plan within the meaning of Section 3(37) of ERISA. Neither the Company nor any subsidiary has
announced, proposed or agreed to any change in benefits under any Company Plan or the establishment of any new Company Plan.
There have been no changes in the operation or interpretation of any Company Plan since the most recent annual report, which
would have any material effect on the cost of operating, maintaining or providing benefits under such Company Plan. Neither
the Company nor any subsidiary has incurred any liability for the misclassification of employees as leased employees or
independent contractors. Except as provided for in this Subscription Agreement and in the other Offering Documents, the
consummation of the transactions contemplated by this Subscription Agreement, either alone or in combination with another
event, will not (A) result in any individual becoming entitled to any increase in the amount of compensation or benefits or
any additional payment from the Company or any subsidiary (including, without limitation, severance, golden parachute or
bonus payments or otherwise), or (B) accelerate the vesting or timing of payment of any benefits or compensation payable in
respect of any individual.

(s)Restrictions
on Business Activities. There is no judgment, order, decree, writ or injunction binding upon the Company or any subsidiary
or, to the knowledge of the Company or any subsidiary, threatened that has or could prohibit or impair the conduct of their respective
businesses as currently conducted or any business practice of the Company or any subsidiary, including the acquisition of property,
the provision of services, the hiring of employees or the solicitation of clients, in each case either individually or in the aggregate.

 

4.                 
Legends. The Subscriber understands and agrees that the Company will cause any necessary legends in addition to representations
to be placed upon any instrument(s) evidencing ownership of the Securities, together with any other legend that may be required
by federal or state securities laws or deemed necessary or desirable by the Company.

 

5.                 
General Provisions.

 

(a)               
Confidentiality. The Subscriber covenants and agrees that it will keep confidential and will not disclose or divulge
any confidential or proprietary information that such Subscriber may obtain from the Company pursuant to financial statements,
reports, and other materials submitted by the Company to such Subscriber in connection with this Offering or as a result of discussions
with or inquiry made to the Company, unless such information is known, or until such information becomes known, to the public through
no action by the Subscriber; provided, however, that a Subscriber may disclose such information to its attorneys,
accountants, consultants, and other professionals to the extent necessary in connection with his or her investment in the Company
so long as any such professional to whom such information is disclosed is made aware of the Subscriber’s obligations hereunder
and such professional agrees to be likewise bound as though such professional were a party hereto.

 

(b)              
Successors. The covenants, representations and warranties contained in this Subscription Agreement shall be binding
on the Subscriber’s and the Company’s heirs and legal representatives and shall inure to the benefit of the respective
successors and assigns of the Company. The rights and obligations of this Subscription Agreement may not be assigned by
any party without the prior written consent of the other party.

 

(c)               
Counterparts. This Subscription Agreement may be executed in counterparts, each of which shall be deemed an original
agreement, but all of which together shall constitute one and the same instrument.

    	 	 	 

    	 

    

(d)              
Execution by Facsimile or Email. Execution and delivery of this Subscription Agreement by facsimile transmission
or Internet email (including the delivery of documents in Adobe PDF format) shall constitute execution and delivery of this Subscription
Agreement for all purposes, with the same force and effect as execution and delivery of an original manually signed copy hereof.

 

(e)               
Governing Law and Jurisdiction. This Subscription Agreement shall be governed by and construed in accordance with
the laws of the State of New York applicable to contracts to be wholly performed within such state and without regard to conflicts
of law provisions that would result in the application of any laws other than the laws of the State of New York. Any legal action
or proceeding arising out of or relating to this Subscription Agreement and/or the other Offering Documents may be instituted in
the courts of the State of New York sitting in New York County or in the United States of America for the Southern District of
New York, and the parties hereto irrevocably submit to the jurisdiction of each such court in any action or proceeding. Subscriber
hereby irrevocably waives and agrees not to assert, by way of motion, as a defense, or otherwise, in every suit, action or other
proceeding arising out of or based on this Subscription Agreement and/or the other Offering Materials and brought in any such court,
any claim that Subscriber is not subject personally to the jurisdiction of the above named courts, that Subscriber’s property
is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum or that
the venue of the suit, action or proceeding is improper.

 

(f)               
Indemnification Generally.

 

i.                       
The Company, on the one hand, and the Subscriber, on the other hand (each an “Indemnifying Party”),
shall indemnify the other from and against any and all losses, damages, liabilities, claims, charges, actions, proceedings, demands,
judgments, settlement costs and expenses of any nature whatsoever (including, without limitation, reasonable attorneys’
fees and expenses) resulting from any breach of a representation and warranty, covenant or agreement by the Indemnifying Party
and all claims, charges, actions or proceedings incident to or arising out of the foregoing.

 

ii.                        Indemnification
Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified Party”)
shall give notice as promptly as reasonably practicable to each party required to provide indemnification under this Section
5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but failure to so notify an
Indemnifying Party shall not release such Indemnifying Party from any liability that it may have, otherwise than on account
of this indemnity agreement so long as such failure shall not have materially prejudiced the position of the
Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if it is a claim
brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to reimbursement of
any expenses incurred by it in connection with such action except as described below. In any such action, any Indemnified
Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of
such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed to the
contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying Party
and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or
potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement of
any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such Indemnifying
Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party shall
indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or judgment.

 

(g)              
Notices. All notices, requests, demands, claims and other communications hereunder shall be in writing and shall
be delivered by certified or registered mail (first class postage pre-paid), guaranteed overnight delivery, or facsimile transmission
if such transmission is confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed overnight
delivery, to the following addresses and facsimile numbers (or to such other addresses or facsimile numbers which such party shall
subsequently designate in writing to the other party):

    	 	 	 

    	 

    

i.                       
if to the Company:

 

Safety Quick Lighting
& Fans Corp.

3060 Peachtree
Road, Suite 390

Atlanta, GA 30305

Attention: Mr.
James R. Hills

 

with a copy to

 

Thompson Hine LLP

335 Madison Avenue, 12th
Floor

New York, NY 10017

Attention: Mr. Peter J. Gennuso

 

ii.                       
If to Subscriber to the address set forth next to its name on the signature page hereto.

 

(h)              
Entire Agreement. This Subscription Agreement (including the Exhibits attached to the Offering Documents) and other
Offering Documents delivered at the Closing pursuant hereto, contain the entire understanding of the parties in respect of its
subject matter and supersedes all prior agreements and understandings between or among the parties with respect to such subject
matter. The Exhibits attached to the Offering Documents constitute a part hereof as though set forth in full above.

 

(i)                
Amendment; Waiver. This Subscription Agreement may not be modified, amended, supplemented, canceled or discharged,
except by written instrument executed by both parties. No failure to exercise and no delay in exercising, any right, power or privilege
under this Subscription Agreement shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude the exercise of any other right, power or privilege. No waiver of any breach of any provision shall be deemed
to be a waiver of any proceeding or succeeding breach of the same or any other provision, nor shall any waiver be implied from
any course of dealing between the parties. No extension of time for performance of any obligations or other acts hereunder or under
any other agreement shall be deemed to be an extension of the time for performance of any other obligations or any other acts.
The rights and remedies of the parties under this Subscription Agreement are in addition to all other rights and remedies, at law
or equity, that they may have against each other.

 

 

[Signature Page Follows]

    	 

    	 

    

INFORMATION IN RESPONSE TO THIS SECTION
WILL BE KEPT STRICTLY CONFIDENTIAL

 

SAFETY QUICK LIGHTING & FANS CORP.

 

12% SECURED CONVERTIBLE PROMISSORY NOTES
AND COMMON STOCK PURCHASE WARRANTS OMNIBUS SIGNATURE PAGE

 

DOLLAR
AMOUNT INVESTED: $_________________________ *

 

*
 Pursuant to Supplement No. 2 to the Offering Documents, dated March 31, 2014, the notes will bear 12% interest and
investors will be provided 25% warrant coverage. Any investor investing $250,000 or more will be provided an additional 40% warrant
coverage; provided, however, any investor who previously invested $250,000 or more in the Offering will be required to invest $100,000
or more pursuant to this Note Subscription Agreement to receive the additional 40% warrant coverage.

 

AMOUNT INVESTED
TO BE SENT VIA: □ Check (enclosed)□
Wire 

 

NAME IN WHICH THE NOTE AND WARRANTS SHOULD
BE ISSUED:

 

 

 

Address Information:

For individual subscribers this address should
be the Subscriber’s primary legal residence. For entities other than individual subscribers, please provide address information
for the entities primary place of business. Information regarding a joint subscriber should be included in the column at right.

	
        ______________________________________________

        Legal Address
	
        

        ________________________________________________

        Legal Address

	
        ________________________________________

        City, State, and Zip Code
	
         _________________________________________

        City, State, and Zip Code

 

Alternate Address Information:

Subscribers who wish to receive correspondence
at an address other than the address listed above should complete the Alternate Address section below.

	
        

        _________________________________________

        Alternate Address for Correspondence
	
        

        _________________________________________

        Alternate Address for Correspondence

	
        

        _________________________________________

        City, State and Zip Code
	
        

        _________________________________________

        City, State and Zip Code

	
        

        _________________________________________

        Telephone
	
        

        _________________________________________

        Telephone

	
        

        _________________________________________

        Tax ID # or Social Security #
	
        

        _________________________________________

        Tax ID # or Social Security
# 

	
         

        AGREED
        AND SUBSCRIBED

         

        This ___ day of ___________,
        2014

         

        By:_________________________________

         

        Name:_______________________________

         

        Title (if any): _________________________
	
         

        AGREED AND ACCEPTED

         

        This ___ day of ___________,
        2014

         

        SAFETY QUICK LIGHTING &
        FANS CORP.

         

        By:_________________________________

        Name: James R. Hills

        Title: President & CEO

         

    	 

    	 

    

CERTIFICATE OF SIGNATORY

 

(To be completed if the Securities are being subscribed for
by an entity)

 

 

I, __________________________________
, am the_______________________________ of _____________________________________________ (the
“Entity”).

 

I certify that I am empowered
and duly authorized by the Entity to execute and carry out the terms of the Securities Purchase Agreement and to purchase and hold
the Notes and Warrants, and certify further that the Securities Purchase Agreement has been duly and validly executed on behalf
of the Entity and constitutes a legal and binding obligation of the Entity.

 

IN WITNESS WHEREOF, I have
set my hand this ____ day of ____________, 2014.

 

 

______________________________________

 

(Signature)

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