Document:

Exhibit
10.04

 

LONG
BLOCKCHAIN CORP.

 

Subscription
Agreement

 

    	 

     

    

 

INSTRUCTIONS

 

IMPORTANT:
PLEASE READ CAREFULLY BEFORE SIGNING. SIGNIFICANT

OBLIGATIONS AND REPRESENTATIONS ARE CONTAINED IN THIS DOCUMENT.

 

Steps
For All Investors

 

	1.	Fill
    in your name and amount of investment on Page 3.

 

Additional
Steps for Individual Investors

 

	1.	Complete
    the requested information on Page 8. 
	2.	Sign
    Page 10.

 

Additional
Steps for Entity Investors

 

	1.	Complete
    the requested information on Page 9.
	2.	Sign
    Page 10. 
	3.	If
    applicable, complete the information on Pages 11 and please sign as indicated thereon.

 

PLEASE
DELIVER TWO EXECUTED COPIES OF THE SUBSCRIPTION AGREEMENT TO:

 

Long
Blockchain Corp.

12-1
Dubon Court

Farmingdale,
NY 11735

 

THE
SUBSCRIPTION PAYMENT MUST BE WIRED AS FOLLOWS:

 

Wire
your funds to the following account, maintained by Long Blockchain Corp.:

 

Bank
Info: Metroplitan Commercial Bank

Bank
Address: 1359 Broadway, New York, NY 10018

Routing
No.: 026013356

Account
Name: Long Blockchain Corp.

Account
No.: 0499008405

 

When
you wire your funds, please notify Shamyl Malik at 855-452-5222.

 

Any
questions you may have concerning these documents or the payment of your subscription amount should be directed to Shamyl Malik
at 855-452-5222

 

    	 

     

    

 

Print
Name of Investor: _________________________

 

SUBSCRIPTION
AGREEMENT

 

This
Subscription Agreement (“Subscription Agreement”) is being used by Long Blockchain Corp., a Delaware corporation (the
“Company”), for a private placement (the “Offering”) of shares (the “Shares”) of the Company’s
common stock, par value $0.0001 per share (“Common Stock”), at a price of $0.40 per Share on the terms contained in
this Subscription Agreement. In addition, Investor will receive a warrant in the form of Exhibit A hereto (the “Warrant”)
to purchase a number of shares of Common Stock equal to 30% of the Shares purchased hereunder (the “Warrant Shares”).
The Shares, Warrant and Warrant Shares are sometimes referred to herein, collectively, as the “Securities.”

 

The
above-named Investor hereby agrees as follows:

 

1.
Subscription for Securities. Investor hereby subscribes for and agrees to purchase $600,000.00 of Shares of the
Company at a purchase price of $0.40 per Share, subject to the terms and conditions set forth in this Subscription Agreement.
In addition, the Company will issue to Investor a Warrant to purchase a number of Warrant Shares equal to 30% of the Shares purchased
hereunder.

 

2.
Offering. The Shares, Warrant and Warrants Shares are being offered in a private placement in accordance with the
terms set forth in this Subscription Agreement.

 

3.
Investor Delivery of Documents and Payment. Investor has tendered to the Company two (2) completed and manually
executed copies of this Subscription Agreement. Simultaneously with submitting this Subscription Agreement, the Investor is wiring
the subscription amount in accordance with the directions on the cover sheet (or delivering evidence of any outstanding loans
or advances being converted in this Offering).

 

4.
Acceptance or Rejection of Subscription; Return of Unapplied Funds. The Company has the right to reject this subscription,
in whole or in part, for any reason and at any time prior to a Closing (defined below). In the event of the rejection of this
subscription, my subscription payment will be promptly returned to me without interest or deduction and this Subscription Agreement
shall have no force or effect. The Shares subscribed for herein and the Warrant will not be deemed issued to or owned by the Investor
until one copy of this Subscription Agreement has been executed by the Investor and countersigned by the Company and the Closing
(defined below) with respect to the Investor’s subscription has occurred.

 

5.
Closing and Delivery of Securities. The Offering is being made on a “no minimum, no maximum, best efforts”
basis. The closing (“Closing”) on an Investor’s investment may occur at any time, as determined by the Company,
together with, or separate from, investments by other Investors. The Company may accept this Subscription Agreement and have a
Closing for all or any portion of the Shares subscribed for and for all or a corresponding portion of the Warrant by executing
a copy hereof as provided and notifying Investor of such acceptance.

 

6.
Offering to Accredited Investors. The Offering is limited to “accredited investors” as defined in Section
2(15) of the Securities Act of 1933, as amended (“Securities Act”), and Rule 501(a) promulgated thereunder, and is
being made without registration under the Securities Act in reliance upon the exemptions contained in Section 4(a)(2) of the Securities
Act and applicable state securities laws, it being understood that for purposes of the qualifying under the $1,000,000 net worth
test in the definition of accredited investor:

 

	 	●	The
    Investor’s primary residence shall not be included as an asset;
	 	●	Indebtedness
    that is secured by the Investor’s primary residence, up to the estimated fair market value of the primary residence
    as of the date of this Agreement, shall not be included as a liability (except that if the amount of such indebtedness outstanding
    as of such date exceeds the amount outstanding 60 days before such date, other than as a result of the acquisition of the
    primary residence, the amount of such excess shall be included as a liability); and

 

    	2

     

    

 

	 	●	Indebtedness
    that is secured by the Investor’s primary residence in excess of the estimated fair market value of the primary residence
    shall be included as a liability. 

 

7.
Investor Representations and Warranties.

 

7.1.
No Right to Terminate. Investor is aware that Investor is not entitled to cancel, terminate or revoke this subscription,
and any agreements made in connection herewith will survive an individual Investor’s death or disability. In order to induce
the Company to issue and sell Securities to Investor, Investor represents and warrants that the information relating to Investor
stated herein is true and complete as of the date hereof and will be true and complete as of the date or dates on which Investor’s
purchase of Securities becomes effective. If, prior to the final consummation of the offer and sale of the Securities, there should
be any change in such information or any of such information becomes incorrect or incomplete, Investor agrees to notify the Company
and supply the Company promptly with corrective information.

 

7.2.
Information About the Company and the Securities.

 

(a)
The Company has made available to Investor a copy of the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2017 and the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed since such date,
as well as the other filings made by the Company pursuant to Section 13(a) of the Securities Exchange Act of 1934, as amended,
as of the execution date of this Subscription Agreement (together the “Disclosure Documents”). Investor has read the
Disclosure Documents, including the “Risk Factors” set forth in the Annual Report on Form 10-K, together with this
Subscription Agreement, and fully understands the information set forth therein and herein.

 

(b)
Investor has been given access to full and complete information regarding the Company as Investor has requested and has utilized
such access to Investor’s satisfaction for the purpose of verifying the information included herein and therein, and Investor
has either met with or been given reasonable opportunity to meet with the individuals who will become the officers of the Company
for the purpose of asking reasonable questions of such officers concerning the terms and conditions of the Offering and the business
of the Company and all such questions have been answered to Investor’s full satisfaction. Investor has also been given an
opportunity to obtain any additional relevant information to the extent reasonably available to the Company. After reading of
such information and materials, Investor understands that there is no assurance as to the future performance of the Securities.

 

(c)
Investor has received no representation or warranty from the Company or any of its officers, directors, equity holders, employees
or agents in respect of Investor’s investment in the Securities. Investor is not participating in the Offering as a result
of or subsequent to: (i) any advertisement, article, notice or other communication published in any newspaper, magazine or similar
media or broadcast over television, radio or the Internet or (ii) any seminar or meeting whose attendees have been invited by
any general solicitation or general advertising.

 

7.3.
Speculative Investment. Investor is aware that the Securities are a speculative investment that involve a high degree of
risk and Investor may suffer the total loss of its investment. Investor has such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of an investment in the Securities and have obtained, in Investor’s
judgment, sufficient information to evaluate the merits and risks of an investment in the Securities. Investor has not utilized
any person as its purchaser representative (as defined in Regulation D) in connection with evaluating such merits and risks and
has relied solely upon its own investigation in making a decision to invest in the Securities. Investor has been urged to seek
independent advice from its professional advisors relating to the suitability of an investment in the Securities in view of its
overall financial needs and with respect to the legal and tax implications of such investment. Investor believes that the investment
in the Securities is suitable for it based upon its investment objectives and financial needs, and Investor has adequate means
for providing for its current financial needs and contingencies and has no need for liquidity with respect to its investment in
the Securities. The investment in the Securities does not constitute a significant portion of Investor’s investment portfolio.

 

    	3

     

    

 

7.4.
Restrictions on Transfer. Investor understands that (i) the Securities have not been registered under the Securities Act
or the securities laws of certain states in reliance on specific exemptions from registration and (ii) the Securities cannot be
resold, pledged, assigned or otherwise disposed of unless they are subsequently registered under the Securities Act and under
applicable securities laws of certain states, or an exemption from such registration is available. Each certificate representing
the Securities will bear a restrictive legend relating to such restrictions. In addition, Investor understands that (x) no securities
administrator of any state or the federal government has recommended or endorsed the Offering or made any finding or determination
relating to the fairness of an investment in the Securities and (y) the Company is relying on Investor’s representations
and agreements for the purpose of determining whether this transaction meets the requirements of the exemptions afforded by the
Securities Act and certain state securities laws. Investor understands that the Company is under no obligation to register the
Securities, except as expressly set forth herein, or to assist Investor in complying with any exemption from such registration
under the Securities Act or any state securities laws

 

7.5.
Investment Representation. Investor is purchasing the Securities for its own account for investment and not with a view
to, or for sale in connection with, any subsequent distribution of the securities, nor with any present intention of selling or
otherwise disposing of all or any part of the Securities in violation of the Federal securities laws.

 

7.6.
Entity Authority. If Investor is a corporation, partnership, company, trust, employee benefit plan, individual retirement
account, Keogh plan or other tax-exempt entity, it is authorized and qualified to become an investor in the Securities and the
person signing this Subscription Agreement on behalf of such entity has been duly authorized by such entity to do so.

 

7.7.
No Offer Until Determination of Suitability. Investor acknowledges that any delivery to Investor of the documents relating
to the Offering prior to the determination by the Company of Investor’s suitability will not constitute an offer of the
Securities until such determination of suitability is made.

 

7.8.
For Florida Residents. The Securities have not been registered under the Securities Act of 1933, as amended (“1933
Act”), or the Florida Securities and Investor Protection Act (“Florida Securities Act”), by reason of specific
exemptions thereunder relating to the limited availability of the Offering. The Securities cannot be sold, transferred or otherwise
disposed of to any person or entity unless subsequently registered under the 1933 Act or the Florida Securities Act, if such registration
is required. Pursuant to Section 517.061(11) of the Florida Securities Act, when sales are made to five (5) or more persons in
Florida, any sale made pursuant to Subsection 517.061(11) of the Florida Securities Act will be voidable by such Florida purchaser
either within three (3) days after the first tender of consideration is made by the purchaser to the issuer, an agent of the issuer,
or an escrow agent, or within three (3) days after the availability of the privilege is communicated to such purchaser, whichever
occurs later. In addition, as required by Section 517.061(11)(a)(3) of the Florida Securities Act and by Rule 69W-500.005(5)(a)
thereunder, if Investor is a Florida resident Investor may have, at the offices of the Company, at any reasonable hour, after
reasonable notice, access to the materials set forth in such Rule that the Company can obtain without unreasonable effort or expense.

 

8.
Intentionally Omitted.

 

    	4

     

    

 

9.
Indemnification. Investor hereby agrees to indemnify and hold harmless the Company, its officers, directors, shareholders,
employees, agents and attorneys against any and all losses, claims, demands, liabilities, and expenses (including reasonable legal
or other expenses incurred by each such person in connection with defending or investigating any such claims or liabilities, whether
or not resulting in any liability to such person or whether incurred by the indemnified party in any action or proceeding between
the indemnitor and indemnified party or between the indemnified party and any third party) to which any such indemnified party
may become subject, insofar as such losses, claims, demands, liabilities and expenses (a) arise out of or are based upon any untrue
statement or alleged untrue statement of a material fact made by Investor and contained herein or (b) arise out of or are based
upon any breach by Investor of any representation, warranty or agreement made by Investor contained herein.

 

10.
Severability; Remedies. In the event any part or parts of this Subscription Agreement are found to be void, the
remaining provisions of this Subscription Agreement are nevertheless binding with the same effect as though the void part or parts
were deleted.

 

11.
Governing Law. This Agreement shall be governed by and construed in accordance with the law of the State of Delaware
regardless of the law that might otherwise govern under applicable principles of conflicts of law thereof.

 

12.
Counterparts. This Subscription Agreement may be executed in one or more counterparts, each of which will be deemed
an original but all of which together will constitute one and the same instrument. The execution of this Subscription Agreement
may be by actual or facsimile signature.

 

13.
Benefit. Except as otherwise set forth herein, this Subscription Agreement is binding upon and inures to the benefit
of the parties hereto and their respective heirs, executors, personal representatives, successors and assigns.

 

14.
Notices. All notices, offers, acceptance and any other acts under this Subscription Agreement (except payment) must
be in writing, and is sufficiently given if delivered to the addressees in person, by overnight courier service, facsimile, electronic
transmission (including via email) or, if mailed, postage prepaid, by certified mail (return receipt requested), and will be effective
three days after being placed in the mail if mailed, or upon receipt or refusal of receipt, if delivered personally or by courier
or confirmed telecopy or other electronic transmission (including via email), in each case addressed to a party. All communications
to Investor should be sent to Investor’s address on the signature page hereto. All communications to the Company should
be sent to:

 

LONG
BLOCKCHAIN CORP.

12-1 Dubon Court

Farmingdale, NY 11735

Attention: Shamyl Malik

Telephone: 855-452-5222

Email: shamyl.malik@longblockchain.com

 

15.
Oral Evidence. This Subscription Agreement constitutes the entire agreement between the parties with respect to
the subject matter hereof and supersedes all prior oral and written agreements between the parties hereto with respect to the
subject matter hereof. This Subscription Agreement may not be changed, waived, discharged, or terminated orally, but rather, only
by a statement in writing signed by the party or parties against which enforcement or the change, waiver, discharge or termination
is sought.

 

16.
Paragraph Headings. Paragraph headings herein have been inserted for reference only and will not be deemed to limit
or otherwise affect, in any matter, or be deemed to interpret in whole or in part, any of the terms or provisions of this Subscription
Agreement.

 

17.
Survival of Representations, Warranties and Agreements. The representations, warranties and agreements contained
herein will survive the delivery of, and the payment for, the Securities.

 

[QUESTIONNAIRES
AND SIGNATURE PAGES FOLLOW]

 

    	5

     

    

 

INDIVIDUAL
and JOINT INVESTORS – Complete All Information

 

Additional
information may be requested

 

	Investor’s Name:  	 
	 	 	 	 
	Date of Birth: 	 	SSN/Tax ID: 	 	 
	 	 	 	 
	Co-Investor Name: 	 
	 	 	 	 
	Date of Birth:	 	SSN/Tax ID: 	 	 
	 	 	 	 
	Home Street Address: 	 
	 	 	 	 
	City:	 	State:	 	 	Zip Code:	 
	 	 	 	 
	Mailing Street Address: 	 
	 	 	 	 
	City:	 	State:	 	 	Zip Code:	 
	 	 	 	 
	Work Phone: 	 	Home Phone: 	 
	 	 	 	 
	E-Mail Address: 	 

 

Do
you believe you have sufficient knowledge and experience in financial and business matters to evaluate the merits and risks
of the Securities?      [  ] Yes      [  ]
No

 

Are
you familiar with the risk aspects and the non-liquidity of investments such as the securities for which you seek to subscribe?      
[  ] Yes       [  ] No

 

Investment
Objectives (Please select one): [  ] Speculation [  ] Growth [  ] Income [  ] Capital
Preservation

 

Investor’s
Information: Employer: ____________________________________________________________

 

Title:
_______________________________      Type of Business: __________________________________

 

Employer’s
Address: ______________________________________________________________________

 

Income:
Expected 2018: ______________ Actual 2017: ______________ Actual 2016: ____________________

 

Net
Worth: ________________________ Total Value of Investments: ________________________________

 

Co-Investor’s
Information: Employer: _________________________________________________________

 

Title:
_______________________________ Type of Business: ____________________________________

 

Employer’s
Address: ______________________________________________________________________

 

Income:
Expected 2018: ______________ Actual 2017: ______________ Actual 2016: ____________________

 

Net
Worth: ________________________ Total Value of Investments: _______________________________

 

    	 

     

    

 

ENTITY
INFORMATION – Complete All Information

 

Additional
information may be requested

 

	Entity  Name:  	 
	 	 	 	 
	Tax ID: 	 	State of Formation:	 	 
	 	 	 	 
	Company Street Address:	 
	 	 	 	 
	City:	 	State:	 	 	Zip Code:	 
	 	 	 	 
	Primary Contact:	 	Title:	 
	 	 	 	 
	Telephone Number:	 	Fax Number:	 
	 	 	 	 
	Email Address: 	 

 

Do
you believe your officers, directors, employees, trustees or equity owners have sufficient knowledge and experience in financial
and business matters to evaluate the merits and risks of the Securities?

[  ]
 Yes                    [  ]
No

 

Are
you familiar with the risk aspects and the non-liquidity of investments such as the securities for which you seek to subscribe?
[  ] Yes                   [  ]
No

 

Investment
Objectives (Please select one): [  ] Speculation [  ] Growth [  ] Income [  ] Capital
Preservation

 

    	 

     

    

 

ALL
MUST COMPLETE

 

Accredited
Investor Status*:

 

Please
check one or more of the following definitions of “accredited investor,” if any, which applies to you. If none of
the following applies to you, you may not qualify to take parting this offering.

 

	[  ]	A
    Bank as defined in Section 3(a)(2) of the Act, or any savings association or institution as defined in Section 3(a)(5)(A)
    of the Securities Act of 1933, as amended (the “Act”).
	 	 
	[  ]	Any
    broker or dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Exchange
    Act”).
	 	 
	[  ]	An
    insurance company as defined in Section 2(13) of the Act.
	 	 
	[  ]	Investment
    company registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”) or a business
    development company as defined in Section 2(a)(48) of the Investment Company Act.
	 	 
	[  ]	Small
    Business Investment Company licensed by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business
    Investment Act of 1958, as amended.
	 	 
	[  ]	Plan
    established and maintained by a state, or its political subdivisions, or any agency or instrumentality of a state or its political
    subdivisions for the benefit of its employees, if such plan has total assets in excess of $5,000,000.
	 	 
	[  ]	Any
    employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, as amended, if the investment
    decision is made by a plan fiduciary, as defined in the Act, which is either a bank, savings and loan association, insurance
    company, or registered investment advisor, or if the plan has assets in excess of $5,000,000 or, if a self-directed plan,
    with investment decisions made solely by persons that are Accredited Investors.
	 	 
	[  ]	A
    Private Business Development Company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940, as amended.
	 	 
	[  ]	An
    organization described in Section 501(c)(3) of the Internal Revenue Code, a corporation or Partnership, not formed for the
    specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000.
	 	 
	[  ]	A
                                         natural person whose individual net worth, or joint net worth with that person’s
                                         spouse, at the time of purchase exceeds $1,000,000.

                                                                               

        For
        purposes hereof, net worth shall be deemed to include all of your assets, liquid or illiquid (including such items as
        automobile and restricted securities), MINUS all of your liabilities, except as described below. In calculating net worth,
        you must exclude the estimated fair market value of your principal residence as an asset. Mortgage debt secured by the
        primary residence shall not be included as a liability so long as such mortgage debt does not exceed the estimated fair
        market value of the primary residence (except that if the amount of such indebtedness outstanding as of the date hereof
        exceeds the amount outstanding 60 days before the date hereof, other than as a result of the acquisition of the primary
        residence, the amount of such excess should be considered a liability and deducted from your net worth). However, the
        amount of mortgage debt secured by the residence in excess of the value of the primary residence should be considered
        a liability and deducted from your net worth.

        

        

 

 

	

*

	As
    defined in Rule 501(a) of Regulation D of the Securities Act.

 

    	 

     

    

 

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

                                                                               

        For
        purposes hereof the term “income” is not limited to “adjusted gross income” as that term is defined
        for federal income tax purposes, but rather includes certain items of income which are deducted in computing “adjusted
        gross income.” For investors who are salaried employees, the gross salary of such investor, minus any significant
        expenses personally incurred by such investor in connection with earning the salary, plus any income from any other source
        including unearned income, is a fair measure of “income” for purposes hereof. For investors who are self-employed,
        “income” is generally construed to mean total revenues received during the calendar year minus significant
        expenses incurred in connection with earning such revenues.

	 	 
	[  ]	A
    trust, with assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Securities, whose purchase
    is directed by a sophisticated person as described in Rule 506(b)(2) (ii) of Regulation D of the Act.
	 	 
	[  ]	Any
    entity in which all of the equity owners are Accredited Investors.
	 	 
	[  ]	A
    director or officer of the Company.

 

    	 

     

    

 

SIGNATURE
PAGE

 

I/We
am(are) affirming that all the information contained herein is true and correct to the best of my/our knowledge and belief, including
the attached schedule. If I am signing on behalf of an entity or trust I represent I have the authority to make investment decisions
for the entity. I also understand that a background/credit check maybe conducted for the purposes of detecting and deterring money
laundering.

 

	 	 	 
	Signature	 	Date
	 	 	 
	 	 	 
	Print
    Name	 	 
	 	 	 
	 	 	 
	Title
    (if applicable)	 	 
	 	 	 
	 	 	 
	Signature	 	Date
	 	 	 
	 	 	 
	Print
    Name	 	 
	 	 	 
	 	 	 
	Title
    (if applicable)	 	 

 

The
foregoing subscription is accepted and the Company hereby agrees to be bound by its terms.

 

LONG
BLOCKCHAIN CORP.

 

	 	 	 
	Name	 	Title:
	 	 	 
	 	 	 
	DateExhibit
10.05

 

THE
REGISTERED HOLDER OF THIS WARRANT, BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS WARRANT EXCEPT
AS HEREIN PROVIDED. NEITHER THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE BEEN REGISTERED WITH
THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD
EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR
IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS. THIS SECURITY AND THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN
ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

 

VOID
AFTER 5:00 P.M. EASTERN TIME, JULY 27, 2021

 

WARRANT

 

for
the Purchase of

 

450,000
Shares of Common Stock

 

of

 

LONG
BLOCKCHAIN CORP.

 

	1.	Warrant.

 

THIS
CERTIFIES THAT, for good and valuable consideration, duly paid by or on behalf of Andrew Stranberg (the “Holder”),
as registered owner of this Warrant, to Long Blockchain Corp. (the “Company”), Holder is entitled, at any time
or from time to time at or after July 27, 2018 (the “Commencement Date”), and at or before 5:00 p.m., Eastern
Time July 27, 2021 (the “Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in
whole or in part, up to four hundred fifty thousand (450,000) shares of Common Stock of the Company, $0.0001 par value (“Common
Stock”). If the Expiration Date is a day on which banking institutions are authorized by law to close, then this Warrant
may be exercised on the next succeeding day which is not such a day in accordance with the terms herein. During the period ending
on the Expiration Date, the Company agrees not to take any action that would terminate the Warrant. This Warrant is initially
exercisable at $0.50 per share of Common Stock purchased; provided, however, that upon the occurrence of any of the events specified
in Section 6 hereof, the rights granted by this Warrant, including the exercise price and the number of shares of Common Stock
to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall
mean the initial exercise price or the adjusted exercise price, depending on the context, of a share of Common Stock. The terms
“Securities” or “Warrant Shares” shall mean the shares of Common Stock issuable upon exercise
of this Warrant.

 

    	 	 	 

     

    

 

	2. 	Exercise.

 

2.1. Exercise
Form. In order to exercise this Warrant, the exercise form attached hereto must be duly executed and completed and delivered
to the Company, together with this Warrant and, unless Holder elects to exercise this Warrant on “cashless” basis
pursuant to Section 2.2 by so specifying in the exercise form, payment in cash of the Exercise Price for the Securities being
purchased. If the subscription rights represented hereby shall not be exercised at or before 5:00 p.m., Eastern time, on the Expiration
Date, this Warrant shall become and be void without further force or effect, and all rights represented hereby shall cease and
expire. The Holder and any assignee, by acceptance of this Warrant, acknowledge and agree that, by reason of the provisions of
this paragraph, following the purchase of a portion of the Warrant Shares hereunder, the number of Warrant Shares available for
purchase hereunder at any given time may be less than the amount stated on the face hereof. Under no circumstances will the Company
be required to net cash settle this Warrant upon its exercise.

 

2.2. Cashless
Exercise. In lieu of paying cash pursuant to Section 2.1 above, Holder may elect to exercise this Warrant on a “cashless”
basis and receive the number of Shares equal to the value of this Warrant (or the portion thereof being exercised), in which event
the Company shall issue Shares to Holder in accordance with the following formula:

 

		X      =	Y
                                         * (A - B) / A
	 	 	 

		where:	
	 	 	 

		X      =	the
                                         number of Shares to be issued to Holder;
	 	 	 

		Y      =	the
                                         number of Shares for which the Warrant is being exercised;
	 	 	 

		A      =	the
                                         fair market value of one Share; and

 

		B      =	the
                                         Exercise Price.

 

For
purposes of this Section 2.2, the fair market value of a Share shall be the average VWAP per share of Common Stock for the ten
trading days immediately preceding the date of exercise; provided, however, if there is no active public market, the value shall
be the fair market value thereof, as determined in good faith by the Company’s Board of Directors. “VWAP”
shall mean, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is
then listed or quoted on a national securities exchange, the daily volume weighted average price of the Common Stock for such
date (or the nearest preceding date) on the exchange on which the Common Stock is then listed or quoted as reported by Bloomberg
L.P. (based on a trading day from 9:30 a.m. (New York City time) to 4:00 p.m. (New York City time)), or (b) if the Common Stock
is not then listed or quoted for trading on a national securities exchange and if prices for the Common Stock are then reported
by OTC Markets, Inc. (or a similar organization or agency succeeding to its functions of reporting prices), the closing bid price
per share of the Common Stock so reported.

 

    	 	2	 

     

    

 

2.3. Delivery
of Certificates Upon Exercise. Shares of Common Stock purchased hereunder shall be transmitted by the Company’s transfer
agent to the Holder by crediting the account of the Holder’s prime broker with the Depository Trust Company (“DTC”)
through its Deposit Withdrawal Agent Commission (“DWAC”) system if the Company is then a participant in such
system and there is an effective registration statement permitting the resale of the Warrant Shares by the Holder (provided the
Holder and/or its broker deliver all certifications and other documentation reasonably requested by the Company’s transfer
agent or counsel to the Company), and otherwise by physical delivery of a certificate to the address specified by the Holder in
the Notice of Exercise by the date that is two (2) trading days after the latest of (x) the delivery to the Company of the Notice
of Exercise Form, (y) surrender of this Warrant (if required) and (z) payment of the aggregate Exercise Price as set forth above
(including by cashless exercise, if permitted) and all taxes required to be paid by the Holder, if any, pursuant to Section 2(d)(vi)
prior to the issuance of such shares, having been paid (such date, the “Warrant Share Delivery Date”). This
Warrant shall be deemed to have been exercised on the first date on which all of the foregoing have been delivered to the Company.
The Warrant Shares shall be deemed to have been issued, and Holder or any other person so designated to be named therein shall
be deemed to have become a holder of record of such shares for all purposes, as of the date the Warrant has been exercised, with
payment to the Company of the Exercise Price (or by cashless exercise, if permitted) and all taxes required to be paid by the
Holder, if any, pursuant to Section 2(d)(vi) prior to the issuance of such shares, having been paid.

 

2.4. Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to
exercise any portion of this Warrant, pursuant to this Section 2 or otherwise, to the extent that after giving effect to such
issuance after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s affiliates,
and any other Persons acting as a group together with the Holder or any of the Holder’s affiliates), would beneficially
own in excess of the Beneficial Ownership Limitation (as defined below). For purposes of the foregoing sentence, the number of
shares of Common Stock beneficially owned by the Holder and its affiliates, and any group, shall include the number of shares
of Common Stock issuable upon exercise of this Warrant with respect to which such determination is being made, but shall exclude
the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining, nonexercised portion of this
Warrant beneficially owned by the Holder or any of its affiliates, or any group member, and (ii) exercise or conversion of the
unexercised or nonconverted portion of any other securities of the Company subject to a limitation on conversion or exercise analogous
to the limitation contained herein beneficially owned by the Holder or any of its affiliates, or any group member. Except as set
forth in the preceding sentence, for purposes of this Section 2.4, beneficial ownership shall be calculated in accordance with
Section 13(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations
promulgated thereunder, it being acknowledged by the Holder that the Company is not representing to the Holder that such calculation
is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible for any schedules required to be
filed in accordance therewith. To the extent that the limitation contained in this Section 2.4 applies, the determination of whether
this Warrant is exercisable (in relation to other securities owned by the Holder together with any affiliates and any group members)
and of which portion of this Warrant is exercisable shall be in the sole discretion of the Holder, and the submission of a Notice
of Exercise shall be deemed to be the Holder’s determination of whether this Warrant is exercisable (in relation to other
securities owned by the Holder together with any affiliates and any group members) and of which portion of this Warrant is exercisable,
in each case subject to the Beneficial Ownership Limitation, and the Company shall have no obligation to verify or confirm the
accuracy of such determination. In addition, a determination as to any group status as contemplated above shall be determined
in accordance with Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder. For purposes of this
Section 2.4, in determining the number of outstanding shares of Common Stock, a Holder may rely on the number of outstanding shares
of Common Stock as reflected in (A) the Company’s most recent periodic or annual report filed with the United States Securities
and Exchange Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a more recent written
notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding. Upon the written or
oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder the number of
shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be determined after
giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder or its affiliates
or any group members since the date as of which such number of outstanding shares of Common Stock was reported. The “Beneficial
Ownership Limitation” shall be 9.99% of the number of shares of the Common Stock outstanding immediately after giving
effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder, upon not less than 61 days’
prior notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2.4, provided
that the Beneficial Ownership Limitation in no event exceeds 19.99% of the number of shares of the Common Stock outstanding immediately
after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions
of this Section 2.4 shall continue to apply. Any such increase or decrease will not be effective until the 61st day after such
notice is delivered to the Company. The provisions of this paragraph shall be construed and implemented in a manner otherwise
than in strict conformity with the terms of this Section 2.4 to correct this paragraph (or any portion hereof) which may be defective
or inconsistent with the intended Beneficial Ownership Limitation herein contained or to make changes or supplements necessary
or desirable to properly give effect to such limitation. The limitations contained in this paragraph shall apply to a successor
holder of this Warrant.

 

    	 	3	 

     

    

 

3. Transfer.
The registered Holder of this Warrant, by its acceptance hereof, agrees that it will not sell, transfer or assign or hypothecate
this Warrant to anyone except upon compliance with, or pursuant to exemptions from, applicable securities laws, and except to
an “accredited investor” as defined in Regulation D under the Securities Act. In order to make any permitted assignment,
the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with this Warrant
and payment of all transfer taxes, if any, payable in connection therewith. The Company shall immediately transfer this Warrant
on the books of the Company and shall execute and deliver a new Warrant or Warrants of like tenor to the appropriate assignee(s)
expressly evidencing the right to purchase the aggregate number of shares of Common Stock purchasable hereunder or such portion
of such number as shall be contemplated by any such assignment.

 

	4.	New
    Warrants to be Issued.

 

4.1. Partial
Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Warrant may be exercised or assigned in whole
or in part. In the event of the exercise or assignment hereof in part only, upon surrender of this Warrant for cancellation, together
with the duly executed exercise or assignment form and funds (or conversion equivalent) sufficient to pay any Exercise Price and/or
transfer tax, the Company shall cause to be delivered to the Holder without charge a new Warrant of like tenor to this Warrant
in the name of the Holder evidencing the right of the Holder to purchase the aggregate number of shares of Common Stock and Warrants
purchasable hereunder as to which this Warrant has not been exercised or assigned.

 

4.2. Lost
Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this
Warrant and of reasonably satisfactory indemnification, the Company shall execute and deliver a new Warrant of like tenor and
date. Any such new Warrant executed and delivered as a result of such loss, theft, mutilation or destruction shall constitute
a substitute contractual obligation on the part of the Company.

 

	5.	Adjustments

 

5.1. Adjustments
to Exercise Price and Number of Securities. The Exercise Price and the Securities underlying this Warrant shall be subject
to adjustment from time to time as hereinafter set forth:

 

5.1.1. Stock
Dividends, Recapitalization, Reclassification, Split-Ups. If, after the date hereof, and subject to the provisions of Section
5.2 below, the number of outstanding shares of Common Stock is increased by a stock dividend on the Common Stock payable in shares
of Common Stock or by a split-up, recapitalization or reclassification of shares of Common Stock or other similar event, then,
on the effective date thereof, the number of shares of Common Stock issuable on exercise of this Warrant shall be increased in
proportion to such increase in outstanding shares.

 

5.1.2. Aggregation
of Shares. If after the date hereof, and subject to the provisions of Section 5.2, the number of outstanding shares of Common
Stock is decreased by a consolidation, combination or reclassification of shares of Common Stock or other similar event, then,
upon the effective date thereof, the number of shares of Common Stock issuable on exercise of this Warrant shall be decreased
in proportion to such decrease in outstanding shares.

 

5.1.3. Adjustments
in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of this Warrant is adjusted,
as provided in this Section 5.1, the Exercise Price shall be adjusted (to the nearest cent) by multiplying such Exercise Price
immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable
upon the exercise of this Warrant immediately prior to such adjustment, and (y) the denominator of which shall be the number of
shares of Common Stock so purchasable immediately thereafter.

 

    	 	4	 

     

    

 

5.1.4. Replacement
of Securities upon Reorganization, Etc. In case of any reclassification or reorganization of the outstanding shares of Common
Stock other than a change covered by Sections 5.1.1 or 5.1.2 hereof or which solely affects the par value of such shares of Common
Stock, or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation
or merger in which the Company is the continuing corporation and which does not result in any reclassification or reorganization
of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the property
of the Company as an entirety or substantially as an entirety in connection with which the Company is dissolved, the Holder of
this Warrant shall have the right thereafter (until the expiration of the right of exercise of this Warrant) to receive upon the
exercise hereof, for the same aggregate Exercise Price payable hereunder immediately prior to such event, the kind and amount
of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger
or consolidation, or upon a dissolution following any such sale or other transfer, by a Holder of the number of shares of Common
Stock of the Company obtainable upon exercise of this Warrant immediately prior to such event; and if any reclassification also
results in a change in shares of Common Stock covered by Sections 5.1.1 or 5.1.2, then such adjustment shall be made pursuant
to Sections 5.1.1, 5.1.2, 5.1.3 and this Section 5.1.4. The provisions of this Section 5.1.4 shall similarly apply to successive
reclassifications, reorganizations, mergers or consolidations, sales or other transfers.

 

5.1.5. Changes
in Form of Warrant. This form of Warrant need not be changed because of any change pursuant to this Section, and Warrants
in this form issued in connection with a transfer or exercise of a Warrant after such change may state the same Exercise Price
and the same number of shares of Common Stock as are stated in the Warrants initially issued. The acceptance by any Holder of
the issuance of new Warrants reflecting a required or permissive change shall not be deemed to waive any rights to a prior adjustment
or the computation thereof.

 

5.2. Elimination
of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common
Stock upon the exercise of this Warrant, nor shall it be required to issue scrip or pay cash in lieu of any fractional interests,
it being the intent of the parties that all fractional interests shall be eliminated by rounding any fraction up to the nearest
whole number of shares of Common Stock or other securities, properties or rights.

 

	6.	Reservation
    and Listing. 

 

The
Company shall at all times reserve and keep available out of its authorized shares of Common Stock, solely for the purpose of
issuance upon exercise of this Warrant, such number of shares of Common Stock or other securities, properties or rights as shall
be issuable upon the exercise thereof. The Company covenants and agrees that, upon exercise of the Warrants and payment of the
Exercise Price therefor, all shares of Common Stock and other securities issuable upon such exercise shall be duly and validly
issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder. As long as the Warrants shall be
outstanding, the Company shall use its best efforts to cause all shares of Common Stock issuable upon exercise of the Warrants
to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable on Nasdaq) on which the Common
Stock is then listed and/or quoted.

 

    	 	5	 

     

    

 

	7.	Certain
    Notice Requirements.

 

7.1. Holder’s
Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holder the right to vote or consent or to
receive notice as a stockholder for the election of directors or any other matter, or as having any rights whatsoever as a stockholder
of the Company. If, however, at any time prior to the expiration of the Warrants and their exercise, any of the events described
in Section 7.2 shall occur, then, in one or more of said events, the Company shall give written notice of such event at least
fifteen days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the stockholders
entitled to such dividend, distribution, conversion or exchange of securities or subscription rights, or entitled to vote on such
proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of
the transfer books, as the case may be.

 

7.2. Events
Requiring Notice. The Company shall be required to give the notice described in this Section 7 upon one or more of the following
events: (i) if the Company shall take a record of the holders of its shares of Common Stock for the purpose of entitling them
to receive a dividend or distribution, or (ii) the Company shall offer to all the holders of its Common Stock any additional shares
of capital stock of the Company or securities convertible into or exchangeable for shares of capital stock of the Company, or
any option, right or warrant to subscribe therefor, or (iii) a merger or reorganization in which the Company is not the surviving
party, or (iv) a dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or merger)
or a sale of all or substantially all of its property, assets and business shall be proposed.

 

7.3. Notice
of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant
to Section 5 hereof, send notice to the Holder of such event and change (“Price Notice”). The Price Notice
shall describe the event causing the change and the method of calculating same and shall be certified as being true and accurate
by the Company’s Chief Financial Officer.

 

7.4. Transmittal
of Notices. All notices, requests, consents and other communications under this Warrant shall be in writing and shall be deemed
to have been duly made on the date of delivery if delivered personally or sent by overnight courier, with acknowledgment of receipt
by the party to which notice is given, or on the fifth day after mailing if mailed to the party to whom notice is to be given,
by registered or certified mail, return receipt requested, postage prepaid and properly addressed as follows: (i) if to the registered
Holder of this Warrant, to the address of such Holder as shown on the books of the Company, or (ii) if to the Company, to its
principal executive office.

 

	8.	Miscellaneous.

 

8.1. No
Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof.

 

    	 	6	 

     

    

 

8.2. Headings.
The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit or affect the
meaning or interpretation of any of the terms or provisions of this Warrant.

 

8.3. Entire
Agreement. This Warrant (together with the other agreements and documents being delivered pursuant to or in connection with
this Warrant) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes
all prior agreements and understandings of the parties, oral and written, with respect to the subject matter hereof.

 

8.4. Binding
Effect. This Warrant shall inure solely to the benefit of and shall be binding upon, the Holder and the Company and their
respective successors, legal representatives and assigns, and no other person shall have or be construed to have any legal or
equitable right, remedy or claim under or in respect of or by virtue of this Warrant or any provisions herein contained.

 

8.5. Governing
Law; Submission to Jurisdiction. This Warrant shall be governed by and construed and enforced in accordance with the law of
the State of New York, without giving effect to conflict of laws. The Company hereby agrees that any action, proceeding or claim
against it arising out of, or relating in any way to this Warrant shall be brought and enforced in the courts of the State of
New York or of the United States of America for the Southern District of New York, and irrevocably submits to such jurisdiction,
which jurisdiction shall be exclusive. The Company hereby waives any objection to such exclusive jurisdiction and that such courts
represent an inconvenient forum. Any process or summons to be served upon the Company may be served by transmitting a copy thereof
by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section
8 hereof. Such mailing shall be deemed personal service and shall be legal and binding upon the Company in any action, proceeding
or claim. The Company agrees that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies)
all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection with
the preparation therefor.

 

8.6. Waiver,
Etc. The failure of the Company or the Holder to at any time enforce any of the provisions of this Warrant shall not be deemed
or construed to be a waiver of any such provision, nor to in any way affect the validity of this Warrant or any provision hereof
or the right of the Company or any Holder to thereafter enforce each and every provision of this Warrant. No waiver of any breach,
non-compliance or non-fulfillment of any of the provisions of this Warrant shall be effective unless set forth in a written instrument
executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach,
non-compliance or non-fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach, non-compliance
or non-fulfillment.

 

[Signature
Page Follows]

 

    	 	7	 

     

    

 

IN
WITNESS WHEREOF, the Company has caused this Warrant to be signed by its duly authorized officer as of the 27th day
of July, 2018.

 

	 	LONG
    BLOCKCHAIN CORP.
	 	 	 
	 	By:	/s/
    Andrew Shape
	 	Name:
    	Andrew
    Shape
	 	Title:
    	Chief
    Executive Officer

 

    	 	 	 

     

    

 

WARRANT
EXERCISE FORM

 

Date:
_____________________

 

Long
Blockchain Corp.

12-1
Dubon Court

Farmingdale,
NY 11735

 

Ladies
and Gentlemen:

 

[The
undersigned hereby elects irrevocably to exercise the within Warrant and to purchase ________ shares of Common Stock of Long Blockchain
Corp. pursuant to Section 2.1 thereof, and hereby makes payment of $____________ (at the rate of $_________ per share of Common
Stock) in payment of the Exercise Price pursuant thereto. Please issue the Common Stock in accordance with the instructions given
below.]

 

[or]

 

[The
undersigned hereby elects irrevocably to exercise the within Warrant as to ________ shares of Common Stock of Long Blockchain
Corp., on a “cashless” basis, and to receive _________ shares of Common Stock, equal to the value of such Warrant
as of the date hereof, pursuant to and in accordance with Section 2.2 thereof. Please issue the Common Stock in accordance with
the instructions given below.]

 

The
undersigned represents and warrants that (i) it is an “accredited investor” as defined in Regulation D under the Securities
Act, (ii) it is acquiring the Securities for its own account for investment purposes only and not with a view to, or for sale
in connection with, any subsequent distribution of the securities, and it has no present intention of selling or otherwise disposing
of the Securities in violation of the securities laws of the United States, and (iii) it is familiar with the proposed business,
management, financial condition and affairs of the Company, it has had both the opportunity to ask questions of and receive answers
from the officers and directors of the Company and all persons acting on its behalf concerning the terms and conditions of the
offer made hereunder and has obtained, in its judgment, sufficient information from the Company to evaluate the merits and risks
of an investment in the Company. Capitalized terms have the meanings ascribed to them in the within Warrant.

 

	 	 
	 	Name
	 	 
	 	 
	 	Signature

 

		 	 
	Signature
    Guaranteed	 	 

 

NOTICE:
The signature to this form must correspond with the name as written upon the face of the within Warrant in every particular without
alteration or enlargement or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust
company or by a firm having membership on a registered national securities exchange.

 

INSTRUCTIONS
FOR REGISTRATION OF SECURITIES

 

(Print
in Block Letters)

 

	Name:	 
	 	 
	Address:	 

 

    	 	 	 

     

    

 

ASSIGNMENT
FORM

 

FOR
VALUE RECEIVED, ________________________________ does hereby sell, assign and transfer unto _________________________________
the right to purchase _______________ shares of Common Stock of Long Blockchain Corp. (“Company”) evidenced by the
within Warrant and does hereby authorize the Company to transfer such right on the books of the Company.

 

	Dated:	 	 

 

	 	
	 	Name
	 	
	 	
	 	Signature

 

	 	 	 
	Signature
    Guaranteed	 	 

 

NOTICE:
The signature to this form must correspond with the name as written upon the face of the within Warrant in every particular without
alteration or enlargement or any change whatsoever, and must be guaranteed by a bank, other than a savings bank, or by a trust
company or by a firm having membership on a registered national securities exchange.

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