Document:

Exhibit 10.31

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration Rights Agreement
("Agreement"), dated February 2, 2016, is made by and between MYDX, INC., Nevada corporation ("Company"), and
KODIAK CAPITAL GROUP, LLC a Delaware limited liability company (the "Investor").

 

RECITALS

 

WHEREAS, upon the terms and subject
to the conditions of the Equity Purchase Agreement ("Purchase Agreement"), between the Investor and the Company, the
Company has agreed to issue and sell to the Investor shares (the "Put Shares") of its common stock, $0.0001 par value
per share (the "Common Stock") from time to time for an aggregate investment price of up to One Million Dollars ($1,000,000)
(the "EPA Securities");

 

WHEREAS, as a condition for the
execution of the Purchase Agreement by the Investor, the Company has agreed to issue to the Investor a convertible note in the
principal amount equal to Fifty Thousand Dollars ($50,000) (the “Note "); and

 

WHEREAS, to induce the Investor
to execute and deliver the Purchase Agreement, the Company has agreed to provide certain registration rights under the Securities
Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the "Securities
Act"), and applicable state securities laws with respect to the EPA Securities, the shares of Common Stock underlying the
Note (the “Note Securities”) and any securities issued or issuable with respect to any of the foregoing by way of exchange,
stock dividend or stock split or in connection with a combination of shares, recapitalization, merger, consolidation or other reorganization
or otherwise (together with the EPA Securities and the Note Securities, the “Registered Securities”).

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

1.           Definitions.

 

(a)          As
used in this Agreement, the following terms shall have the following meaning:

 

(i)          "Execution
Date" means the date of this Agreement.

 

(ii)         "Investor"
has the meaning set forth in the preamble to this Agreement.

 

(iii)        "Register,"
"registered" and "registration" refer to a registration effected by preparing and filing a Registration Statement
or Statements in compliance with the Securities Act and pursuant to Rule 415 under the Securities Act or any successor rule providing
for offering securities on a delayed or continuous basis ("Rule 415"), and the declaration or ordering of effectiveness
of such Registration Statement by the United States Securities and Exchange Commission (the "SEC").

 

(iv)        "Registered
Securities" will have the same meaning as set forth in the Purchase Agreement.

 

(v)         "Registration
Statement" means the Company’s registration
statement on Form S-1, or any similar registration statement of the Company filed with SEC under the Securities Act with respect
to the Registered Securities.

 

(vi)       "EDGAR" means the SEC's Electronic Data Gathering, Analysis and Retrieval System.

 

(vii)      “Exchange Act” means
the Securities Exchange Act of 1934, as amended, or any similar federal statute, and the rules and regulations of the SEC thereunder,
all as the same will then be in effect.

 

    	 		 

     

    

 

(b)           Capitalized
terms used herein and not otherwise defined herein shall have the respective meanings set forth in the Purchase Agreement.

  

2.            Obligation
of the Company. In connection with the registration of the Registered Securities, the Company shall do each of the following:

 

(a)          Prepare
promptly and file with the SEC by June 30, 2016, a Registration Statement with respect to not less than the maximum allowable under
Rule 415 of Registered Securities (and the parties have agreed to register a maximum of 4,000,000 shares of common stock as Registered
Securities), and thereafter use all commercially reasonable efforts to cause such Registration Statement relating to the Registered
Securities to become effective within five (5) business days after notice from the Securities and Exchange Commission that such
Registration Statement may be declared effective, and keep the Registration Statement effective at all times prior to the termination
of the Purchase Agreement until the earliest of (i) the date that is three months after the completion of the last Closing Date
under the Purchase Agreement, (ii) the date when the Investor may sell all Registered Securities under Rule 144 without volume
limitations, or (iii) the date the Investor no longer owns any of the Registered Securities (collectively, the "Registration
Period"), which Registration Statement (including any amendments or supplements, thereto and prospectuses contained therein)
shall not contain any 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 the light of the circumstances under which they were made, not misleading;

 

(b)          Prepare and file with the SEC such amendments (including post-effective amendments)
and supplements to the Registration Statement and the prospectus used in connection with the Registration Statement as may be necessary
to keep the Registration Statement effective at all times during the Registration Period, and to comply with the provisions of
the Securities Act with respect to the disposition of all Registered Securities of the Company covered by the Registration Statement
until the expiration of the Registration Period.

 

(c)          With
respect to the Registered Securities, upon written request by the Investor, permit counsel designated by Investor to review the
Registration Statement and all amendments and supplements thereto a reasonable period of time (but not less than two (2) business
days) prior to their filing with the SEC, and not file any document in a form to which such counsel reasonably objects.

 

(d)          As promptly as practicable after becoming aware of the following facts, the Company
shall notify Investor and Investor’s legal counsel identified to
the Company and (if requested by any such person) confirm such notice in writing no later than one (1) business day thereafter
(i): (A) when a prospectus or any prospectus supplement or post-effective amendment to the Registration Statement is filed; (B)
with respect to the Registration Statement or any post-effective amendment, when the same has become effective; (ii) of the issuance
by the SEC of any stop order suspending the effectiveness of the Registration Statement covering any or all of the Registered Securities
or the initiation of any proceedings for that purpose; and (iii) 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 Registered Securities for sale in any jurisdiction,
or the initiation or threatening of any proceeding for such purpose.

 

(e)         Unless
available to the Investor without charge through EDGAR, the SEC's website or the Company's website, furnish to Investor, promptly
after the same is prepared and publicly distributed, filed with the SEC, or received by the Company, one (1) copy of the Registration
Statement, each preliminary prospectus and the prospectus, and each amendment or supplement thereto;

 

(f)          Use
all commercially reasonable efforts to (i) register and/or qualify the Registered Securities covered by the Registration Statement
under such other securities or blue sky laws of such jurisdictions as the Investor may reasonably request and in which significant
volumes of shares of Common Stock are traded, (ii) prepare and file in those jurisdictions such amendments (including post-effective
amendments) and supplements to such registrations and qualifications as may be necessary to maintain the effectiveness thereof
at all times during the Registration Period, (iii) take such other actions as may be necessary to maintain such registrations and
qualification in effect at all times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable
to qualify the Registered Securities for sale in such jurisdictions: provided, however, that the Company shall not be required
in connection therewith or as a condition thereto to (A) qualify to do business in any jurisdiction where it would not otherwise
be required to qualify but for this Section 3(f), (B) subject itself to general taxation in any such jurisdiction, (C) file a general
consent to service of process in any such jurisdiction, (D) provide any undertakings that cause more than nominal expense or burden
to the Company or (E) make any change in its charter or by-laws or any then existing contracts, which in each case the Board of
Directors of the Company determines to be contrary to the best interests of the Company and its stockholders;

 

    	 	2	 

     

    

 

(g)          As
promptly as practicable after becoming aware of such event, notify the Investor of the happening of any event of which the Company
has knowledge, as a result of which the prospectus included in the Registration Statement, as then in effect, includes any untrue
statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading ("Registration Default"), and promptly
prepare a supplement or amendment to the Registration Statement or other appropriate filing with the SEC to correct such untrue
statement or omission, and take any other commercially reasonable steps to cure the Registration Default, and, unless available
to the Investor without charge through EDGAR, the SEC's website or the Company's website, deliver a number of copies of such supplement
or amendment to the Investor as the Investor may reasonably request.

 

(h)          Use its commercially reasonable
efforts to secure quotation for such Registered Securities on the OTCQB, OTCQX or OTCPink markets;

 

(i)          Provide
a transfer agent for the Registered Securities (the “Transfer Agent”) not later than the Execution Date under the Purchase
Agreement;

 

(j)          Cooperate
with the Investor to facilitate the timely preparation and delivery of certificates for the Registered Securities to be offered
pursuant to the Registration Statement and enable such certificates for the Registered Securities to be in such denominations or
amounts as the case may be, as the Investor may reasonably request and registration in such names as the Investor may request;
and, within five (5) business days after a Registration Statement which includes Registered Securities is ordered effective by
the SEC, the Company shall deliver, and shall cause legal counsel selected by the Company to deliver, to the Transfer Agent (with
copies to the Investor) an appropriate instruction and opinion of such counsel, if so required by the Transfer Agent; and

 

(k)          Take
all other commercially reasonable actions necessary to expedite and facilitate distribution to the Investor of the Registered Securities
pursuant to the Registration Statement.

  

3.          Obligations
of the Investor. In connection with the registration of the Registered Securities, the Investor shall have the following obligations;

 

(a)          It
shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect
to the Registered Securities of the Investor that the Investor shall timely furnish to the Company such information regarding itself,
the Registered Securities held by it, and the intended method of disposition of the Registered Securities held by it, as shall
be reasonably required to effect the registration of such Registered Securities and shall timely execute such documents in connection
with such registration as the Company may reasonably request.

 

(b)          The
Investor by such Investor’s acceptance of the Registered Securities
agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of the
Registration Statement hereunder; and

 

(c)          The
Investor agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in Section
2(d)(ii) or (iii) or 2(g) above, the Investor will immediately discontinue disposition of Registered Securities pursuant to the
Registration Statement covering such Registered Securities until the Investor receives the copies of the supplemented or amended
prospectus contemplated by Section 2(d)(ii) or (iii) or 2(g) and, if so directed by the Company, the Investor shall deliver to
the Company (at the expense of the Company) or destroy (and deliver to the Company a certificate of destruction) all copies in
the Investor’s possession, of the prospectus covering such Registered
Securities current at the time of receipt of such notice.

 

    	 	3	 

     

    

 

(d)          The Investor acknowledges
and agrees that the maximum amount of shares which may be registered as Registered Securities is not within the control of the
Company and the Company does not make any assurances or guarantees that such amount of shares may become registered.

 

4.           Expenses
of Registration. All
reasonable expenses incurred in connection with registrations, filings or qualifications pursuant to Section 2, including,
without limitation, all registration, listing, and qualifications fees, printers and accounting fees, the fees and disbursements
of counsel for the Company shall be borne by the Company.

 

5.            Indemnification. After
Registered Securities are included in a Registration Statement under this Agreement:

 

(a)          To
the extent permitted by law, the Company will indemnify and hold harmless, the Investor, the directors, if any, of such Investor,
the officers, if any, of such Investor, each person, if any, who controls the Investor within the meaning of the Securities Act
or the Exchange Act (each, an "Indemnified Person"), against any losses, claims, damages, liabilities or expenses (joint
or several) incurred (collectively, "Claims") to which any of them may become subject under the Securities Act, the Exchange
Act or otherwise, insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise
out of or are based upon: (i) any untrue statement or alleged untrue statement of a material fact contained in the Registration
Statement or any post-effective amendment thereof or the omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, (ii) any untrue statement or alleged untrue statement
of a material fact contained in any preliminary prospectus or contained in the final prospectus (as amended or supplemented, if
the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein
any material fact necessary to make the statements made therein, in the light of the circumstances under which the statements therein
were made, not misleading or (iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any
state securities law or any rule or regulation under the Securities Act, the Exchange Act or any state securities law (the matters
in the foregoing clauses (i) through (iii) being collectively referred to as "Violations"). Subject to Section 5(b) hereof,
the Company shall reimburse the Investor, promptly as such expenses are incurred and are due and payable, for any reasonable legal
fees or other reasonable expenses incurred by them in connection with investigating or defending any such Claim. Notwithstanding
anything to the contrary contained herein, the indemnification agreement contained in this Section 5(a) shall not (i) apply to
any Claims arising out of or based upon a Violation which occurs in reliance upon and in conformity with information furnished
in writing to the Company by or on behalf of any Indemnified Person expressly for use in connection with the preparation of the
Registration Statement or any such amendment thereof or supplement thereto, if such prospectus was timely made available by the
Company pursuant to Section 2(b) hereof; (ii) with respect to any preliminary prospectus, inure to the benefit of any such person
from whom the person asserting any such Claim purchased the Registered Securities that are the subject thereof (or to the benefit
of any person controlling such person) if the untrue statement or omission of material fact contained in the preliminary prospectus
was corrected in the prospectus, as then amended or supplemented, if such prospectus was timely made available by the Company pursuant
to Section 2(b) hereof; (iii) be available to the extent such Claim is based on a failure of the Investor to deliver or cause to
be delivered the prospectus made available by the Company; or (iv) apply to amounts paid in settlement of any Claim if such settlement
is effected without the prior written consent of the Company, which consent shall not be unreasonably withheld. The Investor will
indemnify the Company, its officers, directors and agents (including legal counsel) against any claims arising out of or based
upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company, by or on
behalf of the Investor, expressly for use in connection with the preparation of the Registration Statement, subject to such limitations
and conditions set forth in the previous sentence.

 

(b)          Promptly
after receipt by an Indemnified Person under this Section 5 of notice of the commencement of any action (including any governmental
action), such Indemnified Person shall, if a Claim in respect thereof is to be made against any indemnifying party under this Section
5, deliver to the indemnifying party a written notice of the commencement thereof and the indemnifying party shall have the right
to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed,
to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person,
as the case may be; provided, however, that an Indemnified Person shall have the right to retain its own counsel
with the reasonable fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained by
the indemnifying party, the representation by such counsel of the Indemnified Person and the indemnifying party would be inappropriate
due to actual or potential differing interests between such Indemnified Person and any other party represented by such counsel
in such proceeding. In such event, the Company shall pay for only one separate legal counsel for the Investor selected by the Investor.
The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action
shall not relieve such indemnifying party of any liability to the Indemnified Person under this Section 5, except to the extent
that the indemnifying party is prejudiced in its ability to defend such action. The indemnification required by this Section 5
shall be made by periodic payments of the amount thereof during the course of the investigation or defense, as such expense, loss,
damage or liability is incurred and is due and payable.

  

    	 	4	 

     

    

 

6.             Contribution. To
the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make
the maximum contribution with respect to any amounts for which it would otherwise be liable under Section 5 to the fullest extent
permitted by law; provided, however, that (a) no contribution shall be made under circumstances where the maker would
not have been liable for indemnification under the fault standards set forth in Section 5 and; (b) no seller of Registered Securities
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution
from any seller of Registered Securities who was not guilty of such fraudulent misrepresentation.

 

7.            Reports
under Exchange Act. With a view to making available to the Investor the benefits of Rule 144 promulgated under the Securities Act
or any other similar rule or regulation of the SEC that may at any time permit the Investor to sell securities of the Company to
the public without registration ("Rule 144"), the Company agrees to use its commercially reasonable efforts to:

 

(a)          make
and keep public information available, as those terms are understood and defined in Rule 144;

 

(b)          file
with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act for so long as
the Company remains subject to such requirements, and the filing of such reports is required for sales under Rule 144;

 

(c)          furnish
to the Investor so long as the Investor owns Registered Securities, promptly upon request, (i) a written statement by the Company
that it has complied with the reporting requirements of Rule 144, the Securities Act and the Exchange Act, (ii) unless available
to the Investor without charge through EDGAR, the SEC's website or the Company's website, a copy of the most recent annual or quarterly
report of the Company and such other reports and documents so filed by the Company, and (iii) such other information as may be
reasonably requested to permit the Investors to sell such securities pursuant to Rule 144 without registration; and

 

 

(d)
        at the request
of any Investor of Registered Securities, give its Transfer Agent instructions (supported by an opinion of Company counsel, if
required or requested by the Transfer Agent) to the effect that, upon the Transfer Agent’s
receipt from such Investor of:

 

(i)
a certificate (a “Rule 144 Certificate”)
certifying (A) that such Investor has held the shares of Registered Securities which the Investor proposes to sell (the “Securities
Being Sold”) for a period of not less than (6) months and (B) as
to such other matters as may be appropriate in accordance with Rule 144 under the Securities Act, and

 

(ii)
an opinion of counsel acceptable to the Company (for which purposes it is agreed that the initial Investor’s
counsel shall be deemed acceptable if such opinion is not given by Company counsel) that, based on the Rule 144 Certificate, Securities
Being Sold may be sold pursuant to the provisions of Rule 144, even in the absence of an effective Registration Statement, the
Transfer Agent is to effect the transfer of the Securities Being Sold and issue to the buyer(s) or transferee(s) thereof one or
more stock certificates representing the transferred Securities Being Sold without any restrictive legend and without recording
any restrictions on the transferability of such shares on the Transfer Agent’s
books and records (except to the extent any such legend or restriction results from facts other than the identity of the Investor,
as the seller or transferor thereof, or the status, including any relevant legends or restrictions, of the shares of the Securities
Being Sold while held by the Investor). If the Transfer Agent requires any additional documentation at the time of the transfer,
the Company shall deliver or cause to be delivered all such reasonable additional documentation as may be necessary to effectuate
the issuance of an unlegended certificate. 

 

    	 	5	 

     

    

 

8.           Miscellaneous.

 

(a)          Registered
Owners. A person or entity is deemed to be a holder of Registered Securities whenever such person or entity owns of record such
Registered Securities. If the Company receives conflicting instructions, notices or elections from two or more persons or entities
with respect to the same Registered Securities, the Company shall act upon the basis of instructions, notice or election received
from the registered owner of such Registered Securities.

  

(b)          Rights
Cumulative; Waivers. The rights of each of the parties under this Agreement are cumulative. The rights of each of the parties hereunder
shall not be capable of being waived or varied other than by an express waiver or variation in writing. Any failure to exercise
or any delay in exercising any of such rights shall not operate as a waiver or variation of that or any other such right. Any defective
or partial exercise of any of such rights shall not preclude any other or further exercise of that or any other such right. No
act or course of conduct or negotiation on the part of any party shall in any way preclude such party from exercising any such
right or constitute a suspension or any variation of any such right. Investor acknowledges and agrees that Investor’s sole
remedy under this Agreement shall be the Company’s obligations to use commercially reasonable efforts to file the Registration
Statement and cause such Registration Statement to become effective as provided herein, and further acknowledges that the Company
has not provided any assurances or guarantees that the Registration Statement will become effective. 

 

(c)          Benefit;
Successors Bound. This Agreement and the terms, covenants, conditions, provisions, obligations, undertakings, rights, and benefits
hereof, shall be binding upon, and shall inure to the benefit of, the undersigned parties and their successors.

 

(d)          Entire
Agreement. This Agreement contains the entire agreement between the parties with respect to the subject matter hereof. There are
no promises, agreements, conditions, undertakings, understandings, warranties, covenants or representations, oral or written, express
or implied, between them with respect to this Agreement or the matters described in this Agreement, except as set forth in this
Agreement and in the other documentation relating to the transactions contemplated by this Agreement. Any such negotiations, promises,
or understandings shall not be used to interpret or constitute this Agreement.

 

(e)          Amendment.
Any provision of this Agreement may be amended and the observance thereof may be waived (either generally or in a particular instance
and either retroactively or prospectively), only with the written consent of the Company and Investor. Any amendment or waiver
affected in accordance with this Section 9 shall be binding upon the Company.

 

(f)          Severability.
Each part of this Agreement is intended to be severable. In the event that any provision of this Agreement is found by any court
or other authority of competent jurisdiction to be illegal or unenforceable, such provision shall be severed or modified to the
extent necessary to render it enforceable and as so severed or modified, this Agreement shall continue in full force and effect.

  

(g)          Notices.
Any and all notices or other communications or deliveries to be provided by the Investor hereunder shall be in writing and delivered
personally, by facsimile, by email attachment, or sent by a nationally recognized overnight courier service, addressed to the Company,
at the address set forth below, or such other facsimile number, email address, or address as the Company may specify for such purposes
by notice to the Holder delivered in accordance with this Section 8(g). Any and all notices or other communications or deliveries
to be provided by the Company hereunder shall be in writing and delivered personally, by facsimile, by email attachment, or sent
by a nationally recognized overnight courier service addressed to the Investor at the facsimile number or email address or address
of the Investor set forth below. Any notice or other communication or deliveries hereunder shall be deemed given and effective
on the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile number
or email attachment to the email address set forth on the signature pages attached hereto prior to 5:30 p.m. (New York City time)
on any date, (ii) the next Trading Day after the date of transmission, if such notice or communication is delivered via facsimile
at the facsimile number or email attachment to the email address set forth on the signature pages attached hereto on a day that
is not a Trading Day or later than 5:30 p.m. (New York City time) on any Trading Day, (iii) the second Trading Day following the
date of mailing, if sent by U.S. nationally recognized overnight courier service or (iv) upon actual receipt by the party to whom
such notice is required to be given. The addresses for such communications shall be:

 

If to the Company:

MyDx, Inc.

6335 Ferris Square

Suite B

San Diego, CA 92121

 

    	 	6	 

     

    

 

If to the Investor:

Kodiak Capital Group, LLC

260 Newport Center Drive

Newport Beach, CA 92660

infor@kodiakfunds.com

 

Either party hereto may from time to time change its
address or email for notices under this Section 8(g) by giving at least ten (10) days' prior written notice of such changed address
to the other party hereto.

 

(h)          Governing
Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the Company and the Investor
shall be governed, construed and interpreted in accordance with the laws of the State of California, without giving effect to principles
of conflicts of law. Each of the Company and Investor hereby submit to the exclusive jurisdiction of the United States Federal
and state courts located in California with respect to the the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein.

 

(i)          Consents.
The person signing this Agreement on behalf of each party hereby represents and warrants that he has the necessary power, consent
and authority to execute and deliver this Agreement on behalf of that party.

 

(j)          Further
Assurances. In addition to the instruments and documents to be made, executed and delivered pursuant to this Agreement, the parties
hereto agree to make, execute and deliver or cause to be made, executed and delivered, to the requesting party such other instruments
and to take such other actions as the requesting party may reasonably require to carry out the terms of this Agreement and the
transactions contemplated hereby.

 

(k)          Section
Headings. The Section headings in this Agreement are for reference purposes only and shall not affect in any way the meaning or
interpretation of this Agreement.

 

(l)          Construction.
Unless the context otherwise requires, when used herein, the singular shall be deemed to include the plural, the plural shall be
deemed to include each of the singular, and pronouns of one or no gender shall be deemed to include the equivalent pronoun of the
other or no gender.

 

(m)          Execution
in Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original but all
of which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party
hereto by email of a .pdf or telephone line facsimile transmission of a copy of this Agreement bearing the signature of the party
so delivering this Agreement. A facsimile transmission or email of a .pdf of this signed Agreement shall be legal and binding on
all parties hereto.

 

(n)          Special,
Indirect and Other Losses. NEITHER PARTY NOR ANY OF ITS AFFILIATES SHALL BE LIABLE IN CONTRACT, TORT, NEGLIGENCE, BREACH
OF STATUTORY DUTY OR OTHERWISE FOR ANY SPECIAL, CONSEQUENTIAL, INDIRECT OR PUNITIVE DAMAGES OR FOR LOSS OF PROFITS SUFFERED BY
THE OTHER PARTY, EXCEPT TO THE EXTENT ANY SUCH DAMAGES ARE REQUIRED TO BE PAID TO A THIRD PARTY AS PART OF A CLAIM FOR WHICH A
PARTY PROVIDES INDEMNIFICATION UNDER SECTION 5.

 

    	 	7	 

     

    

 

IN WITNESS WHEREOF, the parties have caused this Agreement
to be duly executed by their respective officers thereunto duly authorized as of the day and year first above written.

 

COMPANY:

 

MYDX, INC.

 

	By:	/s/ Daniel Yazbeck	 
	 	Daniel Yazbeck, CEO	 

 

INVESTOR:

 

KODIAK CAPITAL GROUP, LLC

 

	By:	/s/ Ryan Hodson	 
	Name:	Ryan Hodson	 
	Title: 	Managing Director	 

 

[-Signature page to Registration
Rights Agreement-]

 

 

8Exhibit 10.32

 

NEITHER THIS SECURITY NOR THE SECURITIES ISSUABLE UPON
CONVERSION HEREOF HAVE BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF
ANY STATE OR UNDER THE SECURITIES ACT OF 1933, AS AMENDED.  THE SECURITIES ARE RESTRICTED AND MAY NOT BE OFFERED, RESOLD,
PLEDGED OR TRANSFERRED EXCEPT AS PERMITTED UNDER THE ACT PURSUANT TO REGISTRATION OR EXEMPTION OR SAFE HARBOR THEREFROM.

 

ISSUE DATE: February 2, 2016

PRINCIPAL AMOUNT: $50,000

 

MYDX, INC.

 

CONVERTIBLE PROMISSORY
NOTE DUE February 2, 2017

 

THIS Note is a duly authorized issuance of $50,000
of MYDX, INC., a Nevada corporation (the "Company") designated as its Note.

 

FOR VALUE RECEIVED, the Company
promises to pay to KODIAK CAPITAL GROUP, LLC, the registered holder hereof (the "Holder"), the principal sum of Fifty
Thousand Dollars ($50,000) on February 2, 2017 (the “Maturity Date”).  The principal of this Note is payable in
United States dollars, at the address last appearing on the Note Register of the Company as designated in writing by the Holder.
The Company will pay the outstanding principal amount of this Note in cash on the Maturity Date to the registered holder of this
Note.  The forwarding of such wire transfer shall constitute a payment hereunder and shall satisfy and discharge the liability
for principal on this Note to the extent of the sum represented by such check or wire transfer plus any amounts so deducted.

 

This Note is subject to the following additional provisions:

 

1.          The Note is exchangeable for an equal aggregate
principal amount of Note of different authorized denominations, as requested by the Holder surrendering the same.  No service
charge will be made for such registration or transfer or exchange. This Note may be repaid at any time without any prepayment penalty.

 

2.          The Holder of this
Note is entitled any time after August 2, 2016, subject to the following provisions, to convert all or a portion of the principal
amount of this Note into shares (the “Shares”) of the Company’s common stock, par value $0.0001 per share (the
“Common Stock”) at a conversion price for each share of Common Stock equal to the Current Market Price multiplied by
fifty percent (50%) (the “Conversion Price”).  “Current Market Price”
means the average of the three (3) lowest Trading Prices (as defined below) for the Common Stock during the ten (10) Trading Day
period ending on the latest complete Trading Day prior to the Conversion Date.  “Trading Price” means, for any
security as of any date, the closing price on the OTC Markets, or applicable trading market (the “OTC Markets”) as
reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if the
OTCQB is not the principal trading market for such security, the closing price of such security on the principal securities exchange
or trading market where such security is listed or traded or, if no closing price of such security is available in any of the foregoing
manners, the average of the closing prices of any market makers for such security that are listed in the “pink sheets”
by the National Quotation Bureau, Inc.  If the Trading Price cannot be calculated for such security on such date in the manner
provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the Holder.  “Trading
Day” shall mean any day on which the Common Stock is tradable for any period on the OTC Markets, or on the principal securities
exchange or other securities market on which the Common Stock is then being traded.   

 

    	 	1	 

     

    

 

Conversion shall be effectuated
by surrendering the Note to the Company, accompanied by or preceded by email or other delivery to the Company of the form of conversion
notice attached hereto as Exhibit A, executed by the Holder evidencing such Holder's intention to convert a specified portion hereof.
 No fractional shares of Common Stock or scrip representing fractions of shares will be issued on conversion, but the number
of shares issuable shall be rounded to the nearest whole share.  The date on which notice of conversion is given (the "Conversion
Date") shall be deemed to be the date on which the Holder emails or otherwise delivers the conversion notice ("Notice
of Conversion"), substantially in the form annexed hereto as Exhibit A, duly executed, to the Company. Certificates
representing Common Stock upon conversion will be delivered within one (1) business days from the Conversion Date (“Delivery
Date”).

 

The Company shall pay any payments
incurred under this Section in immediately available funds upon demand as the Holder’s remedy for such delay.  Furthermore,
in addition to any other remedies which may be available to the Holder, in the event that the Company fails for any reason to effect
delivery of the Shares by close of business on the Delivery Date, unless such failure is due to causes beyond the Company’s
reasonable control or that of its Transfer Agent, the Holder will be entitled to revoke the relevant Notice of Conversion by delivering
a notice to such effect to the Company, whereupon the Company and the Holder shall each be restored to their respective positions
immediately prior to delivery of such Notice of Conversion; provided, however, that an amount equal to any payments contemplated
by this Section which have accrued through the date of such revocation notice shall remain due and owing to the Converting Holder
notwithstanding such revocation.  

 

In lieu of delivering physical certificates
representing the Shares issuable upon conversion, provided the Company’s Transfer Agent is participating in the Depository
Trust Company (“DTC”) Fast Automated Securities Transfer program, upon request of the Holder and its compliance with
the provisions contained in this paragraph, so long as the certificates therefore do not bear a legend and the Holder thereof is
not obligated to return such certificate for the placement of a legend thereon, the Company shall use its best efforts to cause
its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder by crediting the account
of Holder’s Prime Broker with DTC through its Deposit Withdrawal Agent Commission system.

 

The Holder of the Note shall be
entitled to exercise its conversion privilege with respect to the Note notwithstanding the commencement of any case under 11 U.S.C.
§101 et seq. (the “Bankruptcy Code”).  In the event the Company is a debtor under the Bankruptcy
Code, the Company hereby waives, to the fullest extent permitted, any rights to relief it may have under 11 U.S.C. §362 in
respect of such holder’s conversion privilege.  The Company hereby waives, to the fullest extent permitted, any rights
to relief it may have under 11 U.S.C. §362 in respect of the conversion of the Note. This Note has been issued subject to
investment representations of the original purchaser hereof and may be transferred or exchanged only in compliance with the Securities
Act of 1933, as amended (the "Act"), and other applicable state and foreign securities laws. In the event of any proposed
transfer of this Note, the Company may require, prior to issuance of a new Note in the name of such other person, that it receive
reasonable transfer documentation including legal opinions that the issuance of the Note in such other name does not and will not
cause a violation of the Act or any applicable state or foreign securities laws. Prior to due presentment for transfer of this
Note, the Company and any agent of the Company may treat the person in whose name this Note is duly registered on the Company's
Note Register as the owner hereof for the purpose of receiving payment as herein provided and for all other purposes, whether or
not this Note be overdue, and neither the Company nor any such agent shall be affected by notice to the contrary.

 

    	 	2	 

     

    

  

4.          No provision of this Note shall alter or impair
the obligation of the Company, which is absolute and unconditional, to pay the principal of this Note at the time, place, and rate,
and in the coin or currency, herein prescribed.  This Note is a direct obligation of the Company.

 

5.          The Holder of the Note, by acceptance hereof,
agrees that this Note is being acquired for investment and that such Holder will not offer, sell or otherwise dispose of this Note
or the shares of Common Stock issuable upon conversion thereof except under circumstances which will not result in a violation
of the Act or any applicable state Blue Sky or foreign laws or similar laws relating to the sale of securities.

 

6.          This Note shall be governed by and construed
in accordance with the laws of the State of California. Each of the parties consents to the jurisdiction of the federal courts
whose districts encompass any part of the City of Newport Beach or the state courts of the State of California sitting in the City
of Newport Beach in connection with any dispute arising under this Note and hereby waives, to the maximum extent permitted by law,
any objection, including any objection based on forum non coveniens, to the bringing of any such proceeding in such jurisdictions.
Each of the parties hereby waives the right to a trial by jury in connection with any dispute arising under this Note.

 

7.          The following shall constitute an "Event
of Default":

 

a.          The Company shall default in the payment of principal
on this Note and same shall continue for a period of five (5) days; or

 

b.          Any of the representations or warranties made
by the Company herein, in any certificate or financial or other written statements heretofore or hereafter furnished by the Company
in connection with the execution and delivery of this Note shall be false or misleading in any material respect at the time made;
or

 

c.          The Company shall fail to perform or observe,
in any material respect, any other covenant, term, provision, condition, agreement or obligation of any Note and such failure shall
continue uncured for a period of five (5) days after written notice from the Holder of such failure; or

 

d.          The Company fails to authorize or to cause its
Transfer Agent to issue the Shares upon exercise by the Holder through a Notice of conversion in accordance with the terms of this
Note, fails to transfer or to cause its Transfer Agent to transfer any certificate for Shares issued to the Holder upon conversion
of this Note and when required by this Note, and such transfer is otherwise lawful, or fails to remove any restrictive legend on
any certificate or fails to cause its Transfer Agent to remove such restricted legend, in each case where such removal is lawful,
as and when required by this Note, and any such failure shall continue uncured for five (5) business days; or

 

e.          The Company shall (1) make an assignment for
the benefit of creditors or commence proceedings for its dissolution; or (2) apply for or consent to the appointment of a trustee,
liquidator or receiver for its or for a substantial part of its property or business; or

 

f.          A trustee, liquidator or receiver shall be appointed
for the Company or for a substantial part of its property or business without its consent and shall not be discharged within sixty
(60) days after such appointment; or

 

g.          Any governmental agency or any court of competent
jurisdiction at the instance of any governmental agency shall assume custody or control of the whole or any substantial portion
of the properties or assets of the Company and shall not be dismissed within sixty (60) days thereafter; or

 

    	 	3	 

     

    

  

h.          Any money judgment, writ or warrant of attachment,
or similar process in excess of Fifty Thousand ($50,000) Dollars in the aggregate shall be entered or filed against the Company
or any of its properties or other assets and shall remain unpaid, unvacated, unbonded or unstayed for a period of thirty (30) days
or in any event later than five (5) days prior to the date of any proposed sale thereunder; or

 

i.          Bankruptcy, reorganization, insolvency or liquidation
proceedings or other proceedings for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by
or against the Company and, if instituted against the Company, shall not be dismissed within sixty (60) days after such institution
or the Company shall by any action or answer approve of, consent to, or acquiesce in any such proceedings or admit the material
allegations of, or default in answering a petition filed in any such proceeding; or

 

j.          The Company shall have its Common Stock suspended
or delisted from an exchange from trading for in excess of fifteen trading days.

 

Then, or at any time thereafter,
and in each and every such case, unless such Event of Default shall have been waived in writing by the Holder (which waiver shall
not be deemed to be a waiver of any subsequent default) at the option of the Holder and in the Holder's sole discretion, the Holder
may consider all obligations under this Note immediately due and payable within five (5) days of notice, without presentment, demand,
protest or notice of any kinds, all of which are hereby expressly waived, anything herein or in any note or other instruments contained
to the contrary notwithstanding, and the Holder may immediately enforce any and all of the Holder's rights and remedies provided
herein or any other rights or remedies afforded by law. Upon an Event of Default, the Conversion Price will become the Current
Market Price multiplied by twenty percent (20%) (“Default Conversion Price”).

 

8.        The Holder may not convert this Note to the extent
such conversion would result in the Holder, together with any affiliate thereof, beneficially owning (as determined in accordance
with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 9.99% of the then issued and outstanding
shares of Common Stock held by such Holder after application of this Section.  Since the Holder will not be obligated to report
to the Company the number of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at
issue would result in the issuance of shares of Common Stock in excess of 9.99% of the then outstanding shares of Common Stock
without regard to any other shares which may be beneficially owned by the Holder or an affiliate thereof, the Holder shall have
the authority and obligation to determine whether the restriction contained in this Section will limit any particular conversion
hereunder and to the extent that the Holder determines that the limitation contained in this Section applies, the determination
of which portion of the principal amount of Note are convertible shall be the responsibility and obligation of the Holder.  If
the Holder has delivered a Conversion Notice for a principal amount of Note that would result in the issuance of in excess of the
permitted amount hereunder, without regard to any other shares that the Holder or its affiliates may beneficially own, the Company
shall notify the Holder of this fact and shall honor the conversion for the maximum principal amount permitted to be converted
on such Conversion Date and, at the option of the Holder, either retain any principal amount tendered for conversion in excess
of the permitted amount hereunder for future conversions or return such excess principal amount to the Holder.  The provisions
of this Section may be waived by a Holder (but only as to itself and not to any other Holder) upon not less than thirty (30) days
prior notice to the Company. Other Holders shall be unaffected by any such waiver.

 

9.        Nothing contained in this Note shall be construed
as conferring upon the Holder the right to vote or to receive dividends or to consent or receive notice as a shareholder in respect
of any meeting of shareholders or any rights whatsoever as a shareholder of the Company, unless and to the extent converted in
accordance with the terms hereof.

 

    	 	4	 

     

    

 

IN WITNESS WHEREOF, the Company
has caused this instrument to be duly executed by an officer thereunto duly authorized.

 

Dated: February 6, 2016

 

MyDx, Inc.

 

	By:	/s/ Daniel Yazbeck	 
	 	Daniel Yazbeck, CEO	 

 

    	 	5	 

     

    

 

EXHIBIT A - NOTICE OF CONVERSION

 

The undersigned hereby elects to convert principal under
the Note due February 2, 2017 of MYDX, INC., a Nevada corporation (the “Company”), into shares of common stock
(the “Common Stock”), of the Company according to the conditions hereof, as of the date written below.  If
shares of Common Stock are to be issued in the name of a person other than the undersigned, the undersigned will pay all transfer
taxes payable with respect thereto and is delivering herewith such certificates and opinions as reasonably requested by the Company
in accordance therewith.  No fee will be charged to the holder for any conversion, except for such transfer taxes, if any.

 

By the delivery of this Notice of
Conversion the undersigned represents and warrants to the Company that its ownership of the Common Stock does not exceed the amounts
specified under Section 8 of this Note, as determined in accordance with Section 13(d) of the Exchange Act.

 

Conversion calculations:

Date to Effect Conversion:

Principal Amount of Debenture to be Converted:

Signature:

Name:

Shares to be issued to:

EIN:

Address for Delivery of Common Stock Certificates:

 

Or

 

DWAC Instructions:

Broker No:

Account No:

 

    	 	6	 

     

    

 

February 8, 2016

 

Nevada
Agency and Transfer Company

50
W. Liberty Street, Suite 880

Reno,
Nevada 89501

 

Re:
Irrevocable Transfer Agent Instructions

 

Ladies
and Gentlemen:

 

MyDx,
Inc., a Nevada corporation (the "Company") and Kodiak Capital Group, LLC (the "Investor") have entered into
a Convertible Promissory Note dated as of January 30, 2016 (the "Agreement") in the principal amount of $50,000 (the
"Note").

 

You
are hereby irrevocably authorized and instructed to reserve 750,000 shares of common stock (“Common Stock”) of the
Company for issuance upon full conversion of the Note in accordance with the terms thereof. The amount of Common Stock so reserved
may be increased, from time to time, by written instructions of the Company and the Investor. Once the reserve shares have been
issued Nevada Agency and Transfer Company shall have no further duty or obligation to issue shares until the reserve has been
increased by the Company and the Investor. You are hereby further irrevocably authorized and directed to issue the shares of Common
Stock so reserved upon your receipt from the Investor of: (A)(i) a notice of conversion ("Notice of Conversion") executed
by the Investor; and (ii) an opinion of counsel of the Investor, in form, substance and scope customary for opinions of counsel
in comparable transactions (and satisfactory to the transfer agent), to the effect that the share of Common Stock of the Company
issued to the Investor pursuant to the Conversion Notice are not “restricted securities” as defined in Rule 144 and
should be issued to the Investor without any restrictive legend; and (B) the number of shares to be issued or position held is
less than 9.99% of the total issued common stock of the Company. If the number of shares to be issued to the investor is greater
than 4.99% of the total issued common stock of the Company the Transfer Agent will notify the investor via email at info@kodiakfunds.com.
You shall have no duty or obligation to confirm the accuracy or the information set forth on the Notice of Conversion. In the
event of a stock split (forward or reverse) the reserve should remain unchanged unless instructed otherwise by the Investor and
the Company.

 

    	 	7	 

     

    

 

The
Company must be participating in the Depository Trust Company (“DTC”) Fast Automated Securities Transfer (“FAST”)
program in order for the shares to be delivered electronically. The shares to be issued are to be registered in the names of the
registered holder of the securities submitted for conversion or exercise. The Transfer Agent shall not be liable for any delay
in delivery of shares caused by the Holder’s broker failing to initiate the electronic request in the FAST system.

 

The
shares will be issued within three (3) business day upon receipt of the Notice of Conversion and legal opinion. If the Company’s
account is at least 30 days past due, the Investor is responsible for the prepaid Transfer Agent transfer and shipping fees. In
no event shall the Transfer Agent be required to issue and deliver share certificates without the prior payment of all its fees.

 

The
Company and the Investor intend that these instructions require the placement of a restrictive legend on all applicable share
certificates unless the requirements listed below are met and the Investor provides the Transfer agent with an acceptable legal
opinion stating that share certificates can be issued without a legend. If the instructions or position held exceed 9.99% of the
total issued and outstanding the Transfer Agent shall have no duty or obligation to issue shares. So long as you have previously
received confirmation from the Company (or Investor counsel) that the shares have been registered under the 1933 Act or otherwise
may be sold pursuant to Rule 144 without any restriction and the number of shares to be issued or position held are less than
9.99% of the total issued and outstanding common stock of the Company, such shares should be transferred, at the option of the
holder of the Notes as specified in the Notice of Conversion, either (i) electronically by crediting the account of a Prime Broker
with the Depository Trust Company through its Deposit Withdrawal Agent Commission system if the Company is a participant or (ii)
in certificated form without any legend which would restrict the transfer of the shares, and you should remove all stop-transfer
instructions relating to such shares. Until such time as you are advised by Investor counsel that the shares have been registered
under the 1933 Act or otherwise may be sold pursuant to Rule 144 without any restriction and the number of shares to be issued
or positions held are less than 9.99% of the total issued and outstanding common stock of the Company, you are hereby instructed
to place the following legends on the certificates:

 

THE
SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE SECURITIES
MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT,
OR AN OPINION OF INVESTOR COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS, THAT
REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.

 

    	 	8	 

     

    

 

The
legend set forth above shall be removed and you are instructed to issue a certificate without such legend to the holder of any
shares upon which it is stamped, if: (a) such shares are registered for sale under an effective registration statement filed under
the 1933 Act or otherwise may be sold pursuant to Rule 144 without any restriction and the number of shares to be issued or position
held is less than 9.99% of the total issued common stock of the Company, (b) such holder provides the Company and the transfer
agent with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions (and
satisfactory to the transfer agent), to the effect that a public sale or transfer of such security may be made without registration
under the 1933 Act and such sale or transfer is effected. Nothing herein shall be construed to require the Transfer Agent to take
any action which would violate state or federal rules, regulations or law. If an instruction herein would require such a violation,
such instructions, but not any other term herein, shall be void and unenforceable.

 

The
Company shall indemnify and defend you and your officers, directors, principals, partners, agents and representatives, and hold
each of them harmless from and against any and all loss, liability, damage, claim or expense (including the reasonable fees and
disbursements of its and Transfer Agent’s attorney) incurred by or asserted against you or any of them arising out of or
in connection the instructions set forth herein, the performance of your duties hereunderand otherwise in respect hereof, including
the costs and expenses of defending yourself or themselves against any claim or liability hereunder, except that the Company shall
not be liable hereunder as to matters in respect of which it is judicially determined that you have acted with gross negligence
or in bad faith. You shall have no liability to the Company or the Investor in respect to any action taken or any failure to act
in respect of this if such action was taken or omitted to be taken in good faith, and you shall be entitled to rely in this regard
on the advice of counsel.

 

The
Company agrees that in the event that the Transfer Agent resigns, is terminated or removed as the Company's transfer agent, the
Company shall engage a suitable replacement transfer agent that will agree to serve as transfer agent for the Company and be bound
by the terms and conditions of these Irrevocable Instructions within five (5) business days. The Company and the Investor agree
that any action which names the Transfer Agent as a party shall be brought in a court of general jurisdiction in Washoe County,
Nevada and no other court.

 

The
Investor is intended to be a party to these instructions and are third party beneficiaries hereof, and no amendment or modification
to the instructions set forth herein may be made without the consent of the Investor.

 

    	 	9	 

     

    

 

	Very
    truly yours, 	 
	 	 
	MyDx,
    Inc.	 
	 	 
	Daniel
    Yazbeck 	 
	President	 
	 	 
	Acknowledged
    and Agreed:	 
	 	 
	Nevada
    Agency and Transfer Company	 
	 	 
	Amanda
    Cardinalli	 
	President	 
	 	 
	Kodiak
    Capital Group, LLC	 
	 	 
	Ryan
    Hodson	 
	Managing
    Director	 

 

 

10

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