Document:

Exhibit
4.2

 

THIS
WARRANT AND THE SECURITIES ISSUABLE UPON EXERCISE HEREOF MAY
NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, OR HYPOTHECATED, OR BE THE SUBJECT OF ANY HEDGING, SHORT SALE, DERIVATIVE, PUT, OR
CALL TRANSACTION THAT WOULD RESULT IN THE EFFECTIVE ECONOMIC DISPOSITION OF SUCH SECURITIES BY ANY PERSON UNTIL 180 DAYS IMMEDIATELY
FOLLOWING THE EFFECTIVE DATE OF THE OFFERING (AS DEFINED BELOW), EXCEPT IN ACCORDANCE WITH FINRA RULE 5110(g)(2).

 

CACHET
FINANCIAL SOLUTIONS, INC.

 

REPRESENTATIVE’S
WARRANT

 

28,000
shares of Common Stock

 

March
15, 2017

 

This
REPRESENTATIVE’S WARRANT (this “Warrant”) of Cachet Financial Solutions, Inc., a corporation
duly organized and validly existing under the laws of the State of Delaware (the “Company”), is being issued
pursuant to that certain Underwriting Agreement, dated as of March 10, 2017 (the “Underwriting Agreement”),
by and among the Company and Lake Street Capital Markets, LLC, as the representative of the underwriters named therein (the “Representative”)
relating to a firm commitment public offering (the “Offering”) of common stock, $0.0001 par value per share,
of the Company (the “Common Stock”), and warrants to the purchase Common Stock underwritten by the Representative
and the underwriters named in the Underwriting Agreement.

 

FOR
VALUE RECEIVED, the Company hereby grants to National Securities Corporation and its permitted successors and assigns (collectively,
the “Holder”) the right to purchase from the Company up to Twenty-Eight Thousand (28,000) shares of Common
Stock (such shares underlying this Warrant, the “Warrant Shares”), at a per share purchase price equal to $4.95
(the “Exercise Price”), subject to the terms, conditions and adjustments set forth below in this Warrant.

 

1.
Date of Warrant Exercise. This Warrant shall become exercisable from and after March 15, 2017 (the “Exercise Date”).
This Warrant and the securities issuable upon exercise hereof may not be sold, transferred,
assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would
result in the effective economic disposition of such securities by any person prior to the date that is 180 days immediately following
the effective date of the Offering, except in accordance with Financial Industry Regulatory Authority, Inc. (“FINRA”)
Rule 5110(g)(2).

 

2.
Expiration of Warrant. This Warrant shall expire at 5:00 p.m., New York City time, on March 10, 2022, the date that is
five years from the effective date of the Offering (the “Expiration Date”).

 

3.
Exercise of Warrant. This Warrant shall be exercisable pursuant to the terms of this Section 3.

 

    	 

    	 

    

 

3.1
Manner of Exercise.

 

(a)
This Warrant may only be exercised by the Holder hereof on or after the Exercise Date and on or prior to the Expiration Date,
in accordance with the terms and conditions hereof, in whole or in part (but not as to fractional shares) with respect to any
portion of this Warrant, during the Company’s normal business hours on any day other than a Saturday or a Sunday or a day
on which commercial banking institutions in New York, New York are authorized by law to be closed (a “Business Day”),
by surrender of this Warrant to the Company at its office maintained pursuant to Section 10.2(a) hereof, accompanied by a written
exercise notice in the form attached as Exhibit A to this Warrant (or a reasonable facsimile thereof) duly executed by
the Holder, together with the payment of the aggregate Exercise Price for the number of Warrant Shares purchased upon exercise
of this Warrant. Upon surrender of this Warrant, the Company shall cancel this Warrant document and shall, in the event of partial
exercise, replace it with a new Warrant document in accordance with Section 3.3

 

(b)
Except as provided for in Section 3.1(c) below, each exercise of this Warrant must be accompanied by payment in full of the aggregate
Exercise Price in cash by check or wire transfer in immediately available funds for the number of Warrant Shares being purchased
by the Holder upon such exercise.

 

(c)
The aggregate Exercise Price for the number of Warrant Shares being purchased may also, in the sole discretion of the Holder,
be paid in full or in part on a “cashless basis” at the election of the Holder:

 

(i)
in the form of Common Stock owned by the Holder (based on the Fair Market Value (as defined below) of such Common Stock on the
date of exercise);

 

(ii)
in the form of Warrant Shares withheld by the Company from the Warrant Shares otherwise to be received upon exercise of this Warrant
having an aggregate Fair Market Value on the date of exercise equal to the aggregate Exercise Price of the Warrant Shares being
purchased by the Holder; or

 

(iii)
by a combination of the foregoing, provided that the combined value of all cash and the Fair Market Value of any shares surrendered
to the Company is at least equal to the aggregate Exercise Price for the number of Warrant Shares being purchased by the Holder.

 

For
purposes of this Warrant, the term “Fair Market Value” means with respect to a particular date, the average
closing price of the Common Stock for the five (5) trading days immediately preceding the applicable exercise herein as officially
reported by the principal securities exchange or market on which the Common Stock is then listed or admitted to trading, or, if
the Common Stock is not listed or admitted to trading on any securities exchange or other market as determined in good faith by
resolution of the Board of Directors of the Company, based on the best information available to it.

 

    	 	2	 

    	 		 

    

 

For
purposes of illustration of a cashless exercise of this Warrant under Section 3.1(c)(ii) (or for a portion thereof for which cashless
exercise treatment is requested as contemplated by Section 3.1(c)(iii) hereof), the calculation of such exercise shall be as follows:

 

X
= Y (A-B)/A

 

where:

 

X
= the number of Warrant Shares to be issued to the Holder (rounded to the nearest whole share).

 

Y
= the number of Warrant Shares with respect to which this Warrant is being exercised.

 

A
= the Fair Market Value of the Common Stock.

 

B
= the Exercise Price.

 

(d)
For purposes of Rule 144 and sub-section (d)(3)(ii) thereof, it is intended, understood, and acknowledged that the Common Stock
issuable upon exercise of this Warrant in a cashless exercise transaction as described in Section 3.1(c) above shall be deemed
to have been acquired at the time this Warrant was issued. Moreover, it is intended, understood, and acknowledged that the holding
period for the Common Stock issuable upon exercise of this Warrant in a cashless exercise transaction as described in Section
3.1(c) above shall be deemed to have commenced on the date this Warrant was issued.

 

3.2
When Exercise Effective. Each exercise of this Warrant shall be deemed to have been effected immediately prior to the close
of business on the Business Day on which this Warrant shall have been duly surrendered to the Company as provided in Sections
3.1 and 12 hereof, and, at such time, the Holder in whose name any certificate or certificates for Warrant Shares shall be issuable
upon exercise as provided in Section 3.3 hereof shall be deemed to have become the holder or holders of record thereof of the
number of Warrant Shares purchased upon exercise of this Warrant.

 

3.3
Delivery of Common Stock Certificates and New Warrant. As soon as reasonably practicable after each exercise of this Warrant,
in whole or in part, and in any event within five (5) Business Days thereafter, the Company, at its expense (including the payment
by it of any applicable issue taxes), will cause to be issued in the name of and delivered to the Holder hereof or, subject to
Sections 9 and 10 hereof, as the Holder (upon payment by the Holder of any applicable transfer taxes) may direct:

 

(a)
a certificate or certificates (with appropriate restrictive legends, as applicable) for the number of duly authorized, validly
issued, fully paid and nonassessable Warrant Shares to which the Holder shall be entitled upon exercise; and

 

    	 	3	 

    	 		 

    

 

(b)
in case exercise is in part only, a new Warrant document of like tenor, dated the date hereof, for the remaining number of Warrant
Shares issuable upon exercise of this Warrant after giving effect to the partial exercise of this Warrant (including the delivery
of any Warrant Shares as payment of the Exercise Price for such partial exercise of this Warrant).

 

4.
Certain Adjustments. For so long as this Warrant is outstanding:

 

4.1
Mergers or Consolidations. If at any time after the date hereof there shall be a capital reorganization (other than a combination
or subdivision of Common Stock otherwise provided for herein) resulting in a reclassification to or change in the terms of securities
issuable upon exercise of this Warrant (a “Reorganization”), or a merger or consolidation of the Company with
another corporation, association, partnership, organization, business, individual, government or political subdivision thereof
or a governmental agency (a “Person” or the “Persons”) (other than a merger with another
Person in which the Company is a continuing corporation and which does not result in any reclassification or change in the terms
of securities issuable upon exercise of this Warrant or a merger effected exclusively for the purpose of changing the domicile
of the Company) (a “Merger”), then, as a part of such Reorganization or Merger, lawful provision and adjustment
shall be made so that the Holder shall thereafter be entitled to receive, upon exercise of this Warrant, the number of shares
of stock or any other equity or debt securities or cash or other property receivable upon such Reorganization or Merger by a holder
of the number of shares of Common Stock which might have been purchased upon exercise of this Warrant immediately prior to such
Reorganization or Merger. In any such case, appropriate adjustment shall be made in the application of the provisions of this
Warrant with respect to the rights and interests of the Holder after the Reorganization or Merger to the end that the provisions
of this Warrant (including adjustment of the Exercise Price then in effect and the number of Warrant Shares) shall be applicable
after that event, as near as reasonably may be, in relation to any shares of stock, securities, property, cash or other property
thereafter deliverable upon exercise of this Warrant. The provisions of this Section 4.1 shall similarly apply to successive Reorganizations
and/or Mergers.

 

4.2
Splits and Subdivisions; Dividends. In the event the Company should at any time or from time to time effectuate a split
or subdivision of the outstanding shares of Common Stock or pay a dividend in or make a distribution payable in additional shares
of Common Stock or any capital stock or other security of the Company that is at any time and under any circumstances directly
or indirectly convertible into, exercisable or exchangeable for, or which otherwise entitles the holder thereof to acquire, any
capital stock or other security of the Company (including, without limitation, Common Stock) (“Common Stock Equivalents”)
without payment of any consideration by such holder for the additional shares of Common Stock or Common Stock Equivalents (including
the additional shares of Common Stock issuable upon conversion or exercise thereof), then, as of the applicable record date (or
the date of such distribution, split or subdivision if no record date is fixed), the per share Exercise Price shall be appropriately
decreased and the number of Warrant Shares shall be appropriately increased in proportion to such increase (or potential increase)
of outstanding shares; provided, however, that no adjustment shall be made in the event the split, subdivision, dividend or distribution
is not effectuated.

 

    	 	4	 

    	 		 

    

 

4.3
Combination of Shares. If the number of shares of Common Stock outstanding at any time after the date hereof is decreased
by a combination of the outstanding shares of Common Stock, the per share Exercise Price shall be appropriately increased and
the number of shares of Warrant Shares shall be appropriately decreased in proportion to such decrease in outstanding shares.

 

4.4
Adjustments for Other Distributions. In the event the Company shall declare a distribution payable in securities of other
Persons, evidences of indebtedness issued by the Company or other Persons, assets (excluding cash dividends or distributions to
the holders of Common Stock paid out of current or retained earnings and declared by the Company’s board of directors) or
options or rights not referred to in Sections 4.1, 4.2 or 4.3, then, in each such case for the purpose of this Section 4.4, upon
exercise of this Warrant, the Holder shall be entitled to a proportionate share of any such distribution as though the Holder
was the actual record holder of the number of Warrant Shares as of the record date fixed for the determination of the holders
of Common Stock of the Company entitled to receive such distribution.

 

5.
No Impairment. The Company will not, by amendment of its certificate of incorporation or by-laws or through any consolidation,
merger, reorganization, transfer of assets, dissolution, issue or sale of securities or any other voluntary action, avoid or seek
to avoid the observance or performance of any of the terms of this Warrant, but will at all times in good faith assist in the
carrying out of all of the terms and in the taking of all actions necessary or appropriate in order to protect the rights of the
Holder against impairment.

 

6.
Chief Financial Officer’s Report as to Adjustments. With respect to each adjustment pursuant to Section 4 of this
Warrant, the Company, at its expense, will promptly compute the adjustment or re-adjustment in accordance with the terms of this
Warrant and cause its Chief Financial Officer to certify the computation (other than any computation of the fair value of property
of the Company, as the case may be) and prepare a report setting forth, in reasonable detail, the event requiring the adjustment
or re-adjustment and the amount of such adjustment or re-adjustment, the method of calculation thereof and the facts upon which
the adjustment or re-adjustment is based, and the Exercise Price and the number of Warrant Shares or other securities purchasable
hereunder after giving effect to such adjustment or re-adjustment, which report shall be mailed by first class mail, postage prepaid
to the Holder. The Company will also keep copies of all reports at its office maintained pursuant to Section 10.2(a) hereof and
will cause them to be available for inspection at the office during normal business hours upon reasonable notice by the Holder
or any prospective purchaser of the Warrant designated by the Holder thereof.

 

7.
Reservation of Shares. The Company shall, solely for the purpose of effecting the exercise of this Warrant, at all times
during the term of this Warrant, reserve and keep available out of its authorized shares of Common Stock, free from all taxes,
liens and charges with respect to the issue thereof and not subject to preemptive rights or other similar rights of shareholders
of the Company, such number of its shares of Common Stock as shall from time to time be sufficient to effect in full the exercise
of this Warrant. If at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect
in full the exercise of this Warrant, in addition to such other remedies as shall be available to Holder, the Company will promptly
take such corporate action as may, in the opinion of its counsel, be necessary to increase the number of authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient for such purposes, including without limitation, using
its Reasonable Best Efforts (as defined in Section 14 hereof) to obtain the requisite shareholder approval necessary to increase
the number of authorized shares of Common Stock. The Company hereby represents and warrants that all shares of Common Stock issuable
upon exercise of this Warrant shall be duly authorized and, when issued and paid for upon exercise, shall be validly issued, fully
paid and nonassessable.

 

    	 	5	 

    	 		 

    

 

8.
Registration and Listing.

 

8.1
Definition of Registrable Securities; Majority. As used herein, the term “Registrable Securities” means
any shares of Common Stock (or other securities to the extent issuable following the adjustments set forth in Section 4 hereof)
issuable upon the exercise of this Warrant, until the date (if any) on which such shares shall have been transferred or exchanged
and new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
disposition of them shall not require registration or qualification of them under the Securities Act or any similar state law
then in force. For purposes of this Warrant, the term “Majority”, in reference to the holders of Registrable
Securities, shall mean in excess of fifty percent (50%) of the then outstanding Warrant Shares (assuming the exercise of the entire
Warrant) that: (i) are not held by the Company, an affiliate, officer, creditor, employee or agent thereof or any of their respective
affiliates, members of their family, Persons acting as nominees or in conjunction therewith and (ii) have not be resold to the
public pursuant to a registration statement filed under the Securities Act.

 

8.2
Required Registration.

 

(a)
At any time on or after the Exercise Date and on or before the Expiration Date and to the extent there is not then a current and
effective registration statement under Securities Act covering the exercise of this Warrant, but in no event on more than one
(1) occasion at the Company’s expense and a separate one (1) occasion at the expense of the Majority of such Registrable
Securities, upon the written request of the holders of the Registrable Securities representing a Majority of such Registrable
Securities, the Company will use its Reasonable Best Efforts to effect the registration of the respective shares of the holders
of Registrable Securities under the Securities Act to the extent requisite to permit the public disposition thereof as expeditiously
as reasonably possible, but in no event later than 120 days from the date of such request.

 

(b)
Registration of Registrable Securities under this Section 8.2 shall be on such appropriate registration form: (i) as shall be
selected by the Company, and (ii) as shall permit the public disposition of such Registrable Securities in accordance with this
Section 8.2. The Company agrees to include in any such registration statement all information which the requesting holders of
Registrable Securities shall reasonably request, which is required to be contained therein. The Company will pay all Registration
Expenses in connection with each registration of Registrable Securities pursuant to this Section 8.2.

 

(c)
A registration requested pursuant to this Section 8.2 shall not be deemed to have been effected: (i) unless a registration statement
with respect thereto has become effective or (ii) if, after it has become effective, such registration is interfered with by any
stop order, injunction or other order or requirement of the Securities and Exchange Commission or other governmental agency or
court of competent jurisdiction for any reason, other than by reason of some act or omission by a holder of Registrable Securities.

 

    	 	6	 

    	 		 

    

 

8.3
Incidental Registration Rights.

 

(a)
If the Company, at any time on or after September 6, 2017 and on or before the Expiration Date and to the extent there is not
then a current and effective registration statement under the Securities Act covering the exercise of this Warrant, proposes to
register any of its securities under the Securities Act (other than in connection with a registration on Form S-4 or S-8 or any
successor forms) whether for its own account or for the account of any holder or holders of its shares other than Registrable
Securities (any shares of such holder or holders (but not those of the Company and not Registrable Securities) with respect to
any registration are referred to herein as, “Other Shares”), the Company shall each such time give prompt (but
not less than thirty (30) days prior to the anticipated effectiveness thereof) written notice to the holders of Registrable Securities
of its intention to do so. Upon the written request of any such holder of Registrable Securities made within ten (10) days after
the receipt of any such notice (which request shall specify the Registrable Securities intended to be disposed of by such holder),
except as set forth in Section 8.3(b), the Company will use its Reasonable Best Efforts to effect the registration under the Securities
Act of all of the Registrable Securities which the Company has been so requested to register by such holder, to the extent requisite
to permit the disposition of the Registrable Securities so to be registered, by inclusion of such Registrable Securities in the
registration statement which covers the securities which the Company proposes to register; provided, however, that if,
at any time after giving written notice of its intention to register any securities and prior to the effective date of the registration
statement filed in connection with such registration, the Company shall determine for any reason in its sole discretion either
to not register, to delay or to withdraw registration of such securities, the Company may, at its election, give written notice
of such determination to such holder and, thereupon: (i) in the case of a determination not to register, shall be relieved of
its obligation to register any Registrable Securities in connection with such registration (but not from its obligation to pay
the Registration Expenses in connection therewith), (ii) in the case of a determination to delay registration, shall be permitted
to delay registering any Registrable Securities for the same period as the delay in registering such other securities (including
the Other Shares), and (iii) in the case of a determination to withdraw registration, shall be permitted to withdraw registration.
The Company will pay all Registration Expenses in connection with each registration of Registrable Securities pursuant to this
Section 8.3.

 

(b)
If the Company at any time on or after September 6, 2017 and on or before the Expiration Date and to the extent there is not then
a current and effective registration statement under the Securities Act covering the exercise of this Warrant, proposes to register
any of its securities under the Securities Act as contemplated by this Section 8.3 and such securities are to be distributed by
or through one or more underwriters, the Company will, if requested by a holder of Registrable Securities, use its Reasonable
Best Efforts to arrange for such underwriters to include all the Registrable Securities to be offered and sold by such holder
among the securities to be distributed by such underwriters, provided that if the managing underwriter of such underwritten offering
shall inform the Company by letter of its belief that inclusion in such distribution of all or a specified number of such securities
proposed to be distributed by such underwriters would interfere with the successful marketing of the securities being distributed
by such underwriters (such letter to state the basis of such belief and the approximate number of such Registrable Securities,
such Other Shares and shares held by the Company proposed so to be registered which may be distributed without such effect), then
the Company may, upon written notice to such holder, the other holders of Registrable Securities, and holders of such Other Shares,
reduce pro rata in accordance with the number of shares of Common Stock desired to be included in such registration (if and to
the extent stated by such managing underwriter to be necessary to eliminate such effect) the number of such Registrable Securities
and Other Shares the registration of which shall have been requested by each holder thereof so that the resulting aggregate number
of such Registrable Securities and Other Shares so included in such registration, together with the number of securities to be
included in such registration for the account of the Company, shall be equal to the number of shares stated in such managing underwriter’s
letter.

 

    	 	7	 

    	 		 

    

 

8.4
Registration Procedures. Whenever the holders of Registrable Securities have properly requested that any Registrable Securities
be registered pursuant to the terms of this Warrant, the Company shall use its Reasonable Best Efforts to effect the registration
and the sale of such Registrable Securities in accordance with the intended method of disposition thereof, and pursuant thereto
the Company shall as expeditiously as possible:

 

(a)
prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its Reasonable Best
Efforts to cause such registration statement to become effective;

 

(b)
notify such holders of the effectiveness of each registration statement filed hereunder and prepare and file with the SEC such
amendments and supplements to such registration statement and the prospectus used in connection therewith as may be necessary
to (i) keep such registration statement effective and the prospectus included therein usable for a period commencing on the date
that such registration statement is initially declared effective by the SEC and ending on the date when all Registrable Securities
covered by such registration statement have been sold pursuant to the registration statement or cease to be Registrable Securities,
and (ii) comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration
statement during such period in accordance with the intended methods of disposition by the sellers thereof set forth in such registration
statement;

 

(c)
furnish to such holders such number of copies of such registration statement, each amendment and supplement thereto, the prospectus
included in such registration statement (including each preliminary prospectus) and such other documents as such seller may reasonably
request in order to facilitate the disposition of the Registrable Securities owned by such holders;

 

    	 	8	 

    	 		 

    

 

(d)
use its Reasonable Best Efforts to register or qualify such Registrable Securities under such other securities or blue sky laws
of such jurisdictions as such holders reasonably request and do any and all other acts and things which may be reasonably necessary
or advisable to enable such holders to consummate the disposition in such jurisdictions of the Registrable Securities owned by
such holders; provided, however, that the Company shall not be required to: (i) qualify generally to do business in any
jurisdiction where it would not otherwise be required to qualify but for this subparagraph; (ii) subject itself to taxation in
any such jurisdiction; or (iii) consent to general service of process in any such jurisdiction;

 

(e)
notify such holders, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of the
happening of any event as a result of which the prospectus included in such registration statement contains an untrue statement
of a material fact or omits any material fact necessary to make the statements therein, in light of the circumstances in which
they are made, not materially misleading, and, at the reasonable request of such holders, the Company shall prepare a supplement
or amendment to such prospectus so that, as thereafter delivered to the purchasers of such Registrable Securities, such prospectus
shall not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein,
in light of the circumstances in which they are made, not materially misleading;

 

(f)
provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration
statement;

 

(g)
make available for inspection by any underwriter participating in any disposition pursuant to such registration statement, and
any attorney, accountant or other agent retained by any such underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, and cause the Company’s officers, directors, managers, employees and independent
accountants to supply all information reasonably requested by any such underwriter, attorney, accountant or agent in connection
with such registration statement;

 

(h)
otherwise use its Reasonable Best Efforts to comply with all applicable rules and regulations of the SEC, and make available to
its security holders, as soon as reasonably practicable, an earnings statement of the Company, which earnings statement shall
satisfy the provisions of Section 11(a) of the Securities Act and, at the option of the Company, Rule 158 thereunder;

 

(i)
in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending
or preventing the use of any related prospectus or suspending the qualification of any Registrable Securities included in such
registration statement for sale in any jurisdiction, the Company shall use its Reasonable Best Efforts promptly to obtain the
withdrawal of such order;

 

(j)
use its Reasonable Best Efforts to cause any Registrable Securities covered by such registration statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate
the disposition of such Registrable Securities; and

 

    	 	9	 

    	 		 

    

 

(k)
if the offering is underwritten, use its Reasonable Best Efforts to furnish on the date that Registrable Securities are delivered
to the underwriters for sale pursuant to such registration, an opinion dated such date of counsel representing the Company for
the purposes of such registration, addressed to the underwriters covering such issues as are reasonably required by such underwriters.

 

8.5
Listing. The Company shall secure the listing of the Common Stock underlying this Warrant upon each national securities
exchange or automated quotation system upon which shares of Common Stock are then listed or quoted (subject to official notice
of issuance) and shall maintain such listing of shares of Common Stock.

 

8.6
Expenses. The Company shall pay all Registration Expenses relating to the registration and listing obligations set forth
in this Section 8. For purposes of this Warrant, the term “Registration Expenses” means: (a) all registration,
filing and FINRA (as defined below) fees, (b) all reasonable fees and expenses of complying with securities or blue sky laws,
(c) all word processing, duplicating and printing expenses, (d) the fees and disbursements of counsel for the Company and of its
independent public accountants, including the expenses of any special audits or “cold comfort” letters required by
or incident to such performance and compliance, (e) premiums and other costs of policies of insurance (if any) against liabilities
arising out of the public offering of the Registrable Securities being registered if the Company desires such insurance, if any,
and (f) fees and disbursements of one counsel for the selling holders of Registrable Securities, which fees and disbursements
shall not exceed $5,000; provided however, that, in any case where Registration Expenses are not to be borne by the Company,
such expenses shall not include (and such expenses shall be borne by the Company): (i) salaries of Company personnel or general
overhead expenses of the Company, (ii) auditing fees, (iii) premiums or other expenses relating to liability insurance required
by underwriters of the Company, or (iv) other expenses for the preparation of financial statements or other data, to the extent
that any of the foregoing either is normally prepared by the Company in the ordinary course of its business or would have been
incurred by the Company had no public offering taken place. Registration Expenses shall not include any underwriting discounts
and commissions which may be incurred in the sale of any Registrable Securities and transfer taxes of the selling holders of Registrable
Securities.

 

8.7
Information Provided by Holders. As a condition to the Company’s obligations to effect any registration of the Registrable
Securities under this Section 8, any holder of Registrable Securities included in any such registration shall furnish to the Company
such information as the Company may reasonably request in writing to enable the Company to comply with the provisions hereof in
connection with any registration referred to in this Warrant.

 

8.8
Effectiveness Period. The Company shall use its Reasonable Best Efforts to keep each registration statement contemplated
hereunder continuously effective under the Securities Act until the date which is the earlier date of when (i) all Registrable
Securities covered by such Registration Statement have been sold or (ii) all Registrable Securities covered by such Registration
Statement may be sold immediately without registration under the Securities Act and without volume restrictions pursuant to Rule
144 under the Securities Act, as determined by the counsel to the Company pursuant to a written opinion letter to such effect,
addressed and reasonably acceptable to the Company’s transfer agent and the affected holders of Registrable Securities.

 

    	 	10	 

    	 		 

    

 

8.9
Net Cash Settlement. Notwithstanding anything herein to the contrary, in no event will the Holder hereof be entitled to
receive a net-cash settlement as liquidated damages in lieu of physical settlement in shares of Common Stock, regardless of whether
the Common Stock underlying this Warrant is registered pursuant to an effective registration statement; provided, however, that
the foregoing will not preclude the Holder from seeking other remedies at law or equity for breaches by the Company of its registration
obligations hereunder.

 

9.
Restrictions on Transfer.

 

9.1
Restrictive Legends. This Warrant and each Warrant issued upon transfer or in substitution for this Warrant pursuant to
Section 10 hereof, each certificate for Common Stock issued upon the exercise of the Warrant and each certificate issued upon
the transfer of any such Common Stock shall be transferable only upon satisfaction of the conditions specified in this Section
9. Each of the foregoing securities shall be stamped or otherwise imprinted with a legend reflecting the restrictions on transfer
set forth herein and any restrictions required under the Securities Act or other applicable securities laws.

 

9.2
Notice of Proposed Transfer. Prior to any transfer of any securities which are not registered under an effective registration
statement under the Securities Act (“Restricted Securities”), which transfer may only occur if there is an
exemption from the registration provisions of the Securities Act and all other applicable securities laws, the Holder will give
written notice to the Company of the Holder’s intention to effect a transfer (and shall describe the manner and circumstances
of the proposed transfer). The following provisions shall apply to any proposed transfer of Restricted Securities:

 

(i)
If in the opinion of counsel for the Holder reasonably satisfactory to the Company the proposed transfer may be effected without
registration of the Restricted Securities under the Securities Act (which opinion shall state in detail the basis of the legal
conclusions reached therein), the Holder shall thereupon be entitled to transfer the Restricted Securities in accordance with
the terms of the notice delivered by the Holder to the Company. Each certificate representing the Restricted Securities issued
upon or in connection with any transfer shall bear the restrictive legends required by Section 9.1 hereof.

 

(ii)
If the opinion called for in (i) above is not delivered, the Holder shall not be entitled to transfer the Restricted Securities
until either: (x) receipt by the Company of a further notice from such Holder pursuant to the foregoing provisions of this Section
9.2 and fulfillment of the provisions of clause (i) above, or (y) such Restricted Securities have been effectively registered
under the Securities Act.

 

9.3
Certain Other Transfer Restrictions. Notwithstanding any other provision of this Section 9: (i) this Warrant and the securities
issuable upon exercise hereof may not be sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging,
short sale, derivative, put, or call transaction that would result in the effective economic disposition of such securities by
any person prior to the date that is 180 days immediately following the effective date of the Offering, except in accordance with
FINRA Rule 5110(g)(2), and (ii) no opinion of counsel shall be necessary for a transfer of Restricted Securities by the holder
thereof to any Person employed by or owning equity in the Holder, if the transferee agrees in writing to be subject to the terms
hereof to the same extent as if the transferee were the original purchaser hereof and such transfer is permitted under applicable
securities laws.

 

    	 	11	 

    	 		 

    

 

9.4
Termination of Restrictions. Except as set forth in Section 9.3 hereof, the restrictions imposed by this Section 9 upon
the transferability of Restricted Securities shall cease and terminate as to any particular Restricted Securities: (a) which shall
have been effectively registered under the Securities Act, or (b) when, in the opinions of both counsel for the holder thereof
and counsel for the Company, such restrictions are no longer required in order to insure compliance with the Securities Act or
Section 10 hereof. Whenever such restrictions shall cease and terminate as to any Restricted Securities, the Holder thereof shall
be entitled to receive from the Company, without expense (other than applicable transfer taxes, if any), new securities of like
tenor not bearing the applicable legends required by Section 9.1 hereof.

 

10.
Ownership, Transfer, Sale and Substitution of Warrant.

 

10.1
Ownership of Warrant. The Company may treat any Person in whose name this Warrant is registered in the Warrant Register
maintained pursuant to Section 10.2(b) hereof as the owner and holder thereof for all purposes, notwithstanding any notice to
the contrary, except that, if and when any Warrant is properly assigned in blank, the Company may (but shall not be obligated
to) treat the bearer thereof as the owner of such Warrant for all purposes, notwithstanding any notice to the contrary. Subject
to Sections 9 and 10 hereof, this Warrant, if properly assigned, may be exercised by a new holder without a new Warrant first
having been issued.

 

10.2
Office; Exchange of Warrant.

 

(a)
The Company will maintain its principal office at the location identified in the prospectus relating to the Offering or at such
other offices as set forth in the Company’s most current filing (as of the date notice is to be given) under the Exchange
Act or as the Company otherwise notifies the Holder.

 

(b)
The Company shall cause to be kept at its office maintained pursuant to Section 10.2(a) hereof a Warrant Register for the registration
and transfer of the Warrant. The name and address of the holder of the Warrant, the transfers thereof and the name and address
of the transferee of the Warrant shall be registered in such Warrant Register. The Person in whose name the Warrant shall be so
registered shall be deemed and treated as the owner and holder thereof for all purposes of this Warrant, and the Company shall
not be affected by any notice or knowledge to the contrary.

 

(c)
Upon the surrender of this Warrant, properly endorsed, for registration of transfer or for exchange at the office of the Company
maintained pursuant to Section 10.2(a) hereof, the Company at its expense will (subject to compliance with Section 9 hereof, if
applicable) execute and deliver to or upon the order of the Holder thereof a new Warrant of like tenor, in the name of such holder
or as such holder (upon payment by such holder of any applicable transfer taxes) may direct, calling in the aggregate on the face
thereof for the number of shares of Common Stock called for on the face of the Warrant so surrendered (after giving effect to
any previous adjustment(s) to the number of Warrant Shares).

 

    	 	12	 

    	 		 

    

 

10.3
Replacement of Warrant. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of this Warrant and, in the case of any such loss, theft or destruction of this Warrant, upon delivery of indemnity
reasonably satisfactory to the Company in form and amount or, in the case of any mutilation, upon surrender of this Warrant for
cancellation at the office of the Company maintained pursuant to Section 10.2(a) hereof, the Company, at its expense, will execute
and deliver, in lieu thereof, a new Warrant of like tenor and dated the date hereof.

 

10.4
Opinions. In connection with the sale of the Warrant Shares by Holder, the Company agrees to cooperate with the Holder,
and at the Company’s expense, have its counsel provide any legal opinions required to remove the restrictive legends from
the Warrant Shares in connection with a sale, transfer or legend removal request of Holder.

 

11.
No Rights or Liabilities as Stockholder. No Holder shall be entitled to vote or receive dividends or be deemed the holder
of any shares of Common Stock or any other securities of the Company which may at any time be issuable on the exercise hereof
for any purpose, nor shall anything contained herein be construed to confer upon the Holder, as such, any of the rights of a stockholder
of the Company or any right to vote for the election of directors or upon any matter submitted to stockholders at any meeting
thereof, or to give or withhold consent to any corporate action (whether upon any recapitalization, issuance of stock, reclassification
of stock, change of par value, consolidation, merger, conveyance, or otherwise) or to receive notice of meetings, or to receive
dividends or subscription rights or otherwise until the Warrant shall have been exercised and the shares of Common Stock purchasable
upon the exercise hereof shall have become deliverable, as provided herein. Holder will not be entitled to share in the assets
of the Company in the event of a liquidation, dissolution or the winding up of the Company.

 

12.
Notices. Any notice or other communication in connection with this Warrant shall be given in writing and directed to the
parties hereto as follows: (a) if to the Holder, to the address and fax number indicated on the books and records of the Company
or (b) if to the Company, to the attention of its Chief Executive Officer at its office maintained pursuant to Section 10.2(a)
hereof; provided, that the exercise of the Warrant shall also be effected in the manner provided in Section 3 hereof. Notices
shall be deemed properly delivered and received when delivered to the notice party (i) if personally delivered, upon receipt or
refusal to accept delivery, (ii) if sent via facsimile, upon mechanical confirmation of successful transmission thereof generated
by the sending fax machine, (iii) if sent by a commercial overnight courier for delivery on the next Business Day, on the first
Business Day after deposit with such courier service, or (iv) if sent by registered or certified mail, five (5) Business Days
after deposit thereof in the U.S. mail.

 

13.
Payment of Taxes. The Company will pay all documentary stamp taxes attributable to the issuance of shares of Common Stock
underlying this Warrant upon exercise of this Warrant; provided, however, that the Company shall not be required to pay
any tax which may be payable in respect of any transfer involved in the transfer or registration of this Warrant or any certificate
for shares of Common Stock underlying this Warrant in a name other that of the Holder. The Holder is responsible for all other
tax liability that may arise as a result of holding or transferring this Warrant or receiving shares of Common Stock underlying
this Warrant upon exercise hereof.

 

14.
Miscellaneous. This Warrant and any term hereof may be changed, waived, discharged or terminated only by an instrument
in writing signed by the party against which enforcement of the change, waiver, discharge or termination is sought. This Warrant
shall be construed and enforced in accordance with and governed by the laws of the State of Nevada. The section headings in this
Warrant are for purposes of convenience only and shall not constitute a part hereof. When used herein, the term “Reasonable
Best Efforts” means, with respect to the applicable obligation of the Company, reasonable best efforts for similarly
situated publicly-traded companies.

 

[Signature
Page Follows]

 

    	 	13	 

    	 		 

    

 

IN
WITNESS WHEREOF, the Company has caused this Representative’s Warrant to be duly executed as of the date first above
written.

 

	 	CACHET
    FINANCIAL SOLUTIONS, INC.
	 	 	 
	 	By:	/s/
    Bryan Meier
	 	Name:	Bryan
    Meier
	 	Title:	Chief
    Financial Officer

 

    	 	14	 

    	 		 

    

 

EXHIBIT
A

FORM
OF EXERCISE NOTICE

[To
be executed only upon exercise of Warrant]

 

To
CACHET FINANCIAL SOLUTIONS, INC.:

 

The
undersigned registered holder of the within Warrant hereby irrevocably exercises the Warrant pursuant to Section 3.1 of the Warrant
with respect to ________________________ Warrant Shares, at an exercise price per share of $______, and requests that the certificates
for such Warrant Shares be issued, subject to Sections 9 and 10, in the name of, and delivered to:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

The
undersigned is hereby making payment for the Warrant Shares in the following manner: [check one]

 

[  ]
by cash in accordance with Section 3.1(b) of the Warrant

 

[  ]
via cashless exercise in accordance with Section 3.1(c) of the Warrant in the following manner:

 

	 
	 
	 

 

The
undersigned hereby represents and warrants that it is, and has been since its acquisition of the Warrant, the record and beneficial
owner of the Warrant.

 

	Dated: _______________	 
	 	 	 
	 	Print
    or Type Name	 
	 	 	 
	 	(Signature
    must conform in all respects to name of holder as specified on the face of Warrant)	 
	 	 	 
	 	(Street
    Address)	 
	 	 	 
	 	(City)
            (State)            (Zip Code)	 

 

    	 

    	 

    

 

EXHIBIT
B

FORM
OF ASSIGNMENT

[To
be executed only upon transfer of Warrant]

 

For
value received, the undersigned registered holder of the within Warrant hereby sells, assigns and transfers unto _____________________
[include name and addresses] the rights represented by the Warrant to purchase __________ shares of Common Stock of CACHET
FINANCIAL SOLUTIONS, INC. to which the Warrant relates, and appoints _____________________ Attorney to make such transfer
on the books of CACHET FINANCIAL SOLUTIONS, INC. maintained for the purpose, with full power of substitution in the premises.

 

	Dated:_______________	 
	 	 
	 	(Signature
    must conform in all respects to name of holder as specified on the face of Warrant)
	 	 
	 	(Street
    Address)
	 	 
	 	(City)          (State)          (Zip Code)
	 	 
	Signed
    in the presence of:	 
	 	(Name)
	 	 
	 	(Signature
    of Transferee)
	 	 
	 	(Street
    Address)
	 	 
	 	(City)           (State)           (Zip Code)
	 	 
	Signed
    in the presence of:	 
	 	(Name)Exhibit 10.5

CONVERTIBLE PROMISSORY NOTE EXCHANGE
AGREEMENT

THIS CONVERTIBLE PROMISSORY NOTE
EXCHANGE AGREEMENT, dated as of May 1, 2014, by and between METROSPACES, INC., a Delaware corporation (“MSPC”),
and RICHARD S. ASTROM (the “Holder”),

WITNESSETH:

WHEREAS, MSPC, under its former
corporate name, “Strata Capital Corporation,” made a Promissory Note, dated August 13, 2013, in favor of the Holder
in the principal amount of $260,000, the maturity date of which was August 13, 2013; and

WHEREAS, by a letter agreement
dated August 12, 2013, MSPC and the Holder modified said Promissory Note to extend its maturity date to April 14, 2014 (the aforesaid
Promissory Note, as so modified, being referred to herein as the “Original Note”), the entire principal
amount of which Existing Note remain was then outstanding and none of the interest accrued thereon had been paid; and

WHEREAS, pursuant to a Promissory
Note Exchange Agreement, dated February 19, 2014, by and between MSPC and the Holder, MSPC issued to the Holder a new promissory
note, dated February 19, 2014, in the principal amount of $260,000 (the “Existing Note”), solely in
exchange for the Original Note; and

WHEREAS, the unpaid principal
of the Existing Note and the interest accrued thereon is now US$66,944.04; and

WHEREAS, the Original Note was
and the Existing Note is secured by a Pledge Agreement, dated as of August 13, 2013, between MSPC, under its former corporate
name, “Strata Capital Corporation,” and Holder (the “Pledge Agreement”); and

WHEREAS, the parties believe
that the amount for which the shares of Common Stock (as that term is hereinafter defined) into which the unpaid principal amount
if the Existing Note is presently convertible may be sold is unlikely to equal said unpaid principal amount in light of the dilutive
effect of the issuance of shares of Common Stock upon such conversion and the downward movement of the market price of the Common
Stock that may occur when such shares are sold; and

WHEREAS, MSPC desires to induce
Holder to convert the entire principal amount of the Existing Note and the interest accrued thereon into shares of Common Stock
as quickly as practicable; and

WHEREAS, MSPC has proposed to
the Holder that MSPC issue a convertible promissory note (as it may be replaced from time to time upon partial conversion of the
principal amount thereof pursuant to Section 5(a) of this Agreement, the “New Convertible Note”) to
the Holder, the principal amount of which New Convertible Note will be convertible into shares of Common Stock as hereinafter
set forth, solely in exchange for, and in a principal amount equal the unpaid principal amount of and the interest accrued on,
the Existing Note,

WHEREAS, the Holder is willing
to make such exchange,

NOW THEREFORE, in consideration
of the premises and the mutual covenants set forth herein, the parties agree as follows:

1.       Exchange
of Existing Note. The Holder will surrender the Existing Note to MSPC and MSPC shall simultaneously deliver to the Holder,
solely in exchange therefor, the New Convertible Note, which shall be in the form annexed hereto as Exhibit A. By virtue of such
surrender and delivery, the Existing Note shall be satisfied and Holder shall be deemed to have release any claims and waived
any and all rights and remedies that he have or may have with respect to the Existing Note.

2.       Representations
and Warranties of the Holder. The Holder represents and warrants to MSPC that his representations and warranties set forth
in this Section 2 are true, correct and complete as of the date of this Agreement and will be true, correct and complete on and
as of the date on which MSPC delivers the New Convertible Note to him:

(a)   
Right to Dispose. He is the sole beneficial owner of the Existing Note and has the exclusive right to dispose of
it, free and clear of any and all claims.

    	 	
1
	 

    	 

    

(b)  
Binding Nature of Transaction. This Agreement constitutes his valid and legally binding obligation, enforceable
against him in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting the enforcement of, creditors’
rights and remedies generally or by equitable principles of general application.

(c)   
No Conflicts. His execution and delivery of this Agreement and the performance of his obligations hereunder will
not violate any provision of any indenture, agreement, judgment, order or other instrument by which he or his property is bound
or conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default thereunder.

(d)  
Understandings. He understands that the shares of Common Stock to be issued upon conversion under the New Convertible
Note (the “Shares”) will be “restricted securities” as defined in Rule 144 (“Rule
144”) promulgated under the Securities Act of 1933 (the “Securities Act”) and must be
held indefinitely unless they are registered under the Securities Act or an exemption from registration is available. He further
acknowledges that he is familiar with Rule 144 and that he has been advised that Rule 144 permits resales only under certain circumstances.
He understands that, to the extent that Rule 144 is not available, he will be unable to sell any of the Shares without either
registration under the Securities Act or the existence of another exemption from such registration requirement. He further understands
that MSPC is an issuer that formerly was an issuer described in Section (i)(1)(i) of Rule 144 and, as a result, Rule 144 will
not be available for the resale of its securities unless, at the time of such resale, it is subject to the reporting requirements
of Section 13 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and has filed all
reports and other materials required to be filed by Section 13 or 15(d) of the Exchange Act, as applicable, during the preceding
12 months (or for such shorter period that it was required to file such reports and materials), other than Current Reports on
Form 8-K. As used herein, the term “Common Stock” shall mean the shares of MSPC’s common stock
that it is at the time authorized to issue, unless the context in which such term is used requires otherwise.

(e)   
Status of Holder. Holder is an “accredited investor” as defined in Rule 501 promulgated under the Securities
Act or has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks
of its investment in the Common Stock.

(f)   
Opportunity for Additional Information. Holder acknowledges that he has had access to the books and records of MSPC
and has had the opportunity to ask questions of and receive answers from, or obtain additional information from, the executive
officers of MSPC concerning its business and its financial and other affairs.

3.       Representations
and Warranties of MSPC.

MSPC represents and
warrants to the Holder that its representations and warranties set forth in this Section 3 are true, correct and complete as of
the date of this Agreement and, except for its representations and warranties expressly made as of the date of this Agreement,
will be true, correct and complete on and as of each date on which the Holder converts any of the principal of and interest on
the New Convertible Note into shares of Common Stock:

(a)        Organization,
Good Standing and Power. MSPC is a corporation incorporated, validly existing and in good standing under the laws of the
State of Delaware and has all requisite corporate power to own, lease and operate its properties and assets and to conduct its
business as it is now being conducted. MSPC does not have any Subsidiaries or own securities or interests of any kind in any other
entity, except as disclosed in the Registration of MSPC on Form S-1, filed on February 11, 2013, with the United States Securities
and Exchange Commission (the “SEC”), as amended, and the reports, schedules, forms, statements and other
documents required to be filed by MSPC with the SEC pursuant to the reporting requirements of the Exchange (all of such reports,
schedules, forms, statements and other documents, together with the aforesaid Registration Statement, including, without limitation,
filings and instruments incorporated by reference therein, being referred to herein as the “SEC Documents”).
Each of MSPC and its Subsidiaries is duly qualified as a foreign corporation to do business and is in good standing in every jurisdiction
in which the nature of the business conducted or property owned by it makes such qualification necessary, except for any jurisdiction(s)
(alone or in the aggregate) in which the failure to be so qualified will not have a Material Adverse Effect. For the purposes
of this Agreement, “Material Adverse Effect” means any adverse effect on the business, operations, properties,
prospects or financial condition of MSPC and its Subsidiaries and which is material to such entity or other entities controlling
or controlled by such entity or which is likely to materially hinder the performance by MSPC of its obligations hereunder and
under this Agreement. As used herein the term “Subsidiary” means any corporation or other juridical
entity of which at least a majority of the securities or other ownership interest having ordinary voting power (absolutely or
contingently) for the election of directors, managers or other persons performing similar functions are at the time owned directly
or indirectly by MSPC.

    	 	
2
	 

    	 

    

(b)        Authorization;
Enforcement. MSPC has all requisite corporate power and authority to enter into and perform this Agreement and to issue
the Shares upon conversion under the New Convertible Note. The execution, delivery and performance of this Agreement and the New
Convertible Note by MSPC and the consummation by it of the transactions contemplated hereby and thereby have been duly and validly
authorized by all requisite corporate action. This Agreement has been, and upon its delivery, the New Convertible Note will be,
duly executed and delivered by MSPC. This Agreement constitutes and the New Convertible Note when executed and delivered will
constitute a valid and binding obligation of MSPC enforceable against MSPC in accordance with its respective terms, except as
such enforceability may be limited by applicable bankruptcy, reorganization, moratorium, liquidation, conservatorship, receivership
or similar laws relating to, or affecting generally the enforcement of, creditor’s rights and remedies or by other equitable
principles of general application.

(c)        Capitalization.
As of the date of this Agreement, the authorized capital stock of MSPC and the shares thereof currently issued and outstanding
are as set forth in the SEC Documents (as that term is hereinafter defined). No securities of MSPC are entitled to preemptive
rights or registration rights and there are no outstanding options, warrants, scrip, rights to subscribe to, call or commitments
of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of MSPC. Except
for (i) this Agreement and (ii) as set forth in Section 2(f), there are no existing of proposed contracts, commitments, understandings,
or arrangements with any individual, corporation, partnership, trust, incorporated or unincorporated association, joint venture,
limited liability company, joint stock company, government (or an agency or political subdivision thereof) or other entity of
any kind (a “Person”) by which MSPC is or may become bound to issue additional shares of the capital
stock of MSPC or options, securities or rights (whether issued by MSPC or any Subsidiary) convertible into shares of capital stock
of MSPC. Except as set forth in the SEC Documents, MSPC is not a party to or bound by any agreement or understanding granting
registration or anti-dilution rights to any Person with respect to any of its equity or debt securities. MSPC is not a party to,
and it has no knowledge of, any agreement or understanding restricting the voting or transfer of any shares of the capital stock
of MSPC. All of the outstanding shares of MSPC’s capital stock are duly and validly authorized, fully paid and nonassessable.

(d) Certificate
of Incorporation; Bylaws.  The certificate of incorporation and by-laws, each as amended to the date of this Agreement,
are as set forth in the SEC Documents.

(e) Issuance
of Shares. The Shares have been duly authorized by all requisite corporate action and, when issued and delivered in accordance
with the terms of this Agreement and the New Convertible Note, will be validly issued and outstanding, fully paid and nonassessable
and free and clear of all liens, encumbrances and rights of refusal of any kind and the Holder will be entitled to all rights
accorded to a holder of Common Stock.

(f)        No
Conflicts. The execution, delivery and performance of this Agreement and the New Convertible Note by MSPC and the consummation
by MSPC of the transactions contemplated hereby and thereby do not and will not (i) violate any provision of MSPC’s certificate
of incorporation or bylaws as then in effect, (ii) conflict with, or constitute a default (or an event which with notice or lapse
of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, any agreement, mortgage, deed of trust, indenture, note, bond, license, lease agreement, instrument or obligation to which
MSPC or any of its Subsidiaries is a party or by which MSPC or any of its Subsidiaries’ respective properties or assets
are bound, (iii) create or impose a lien, mortgage, security interest, charge or encumbrance of any nature on any property or
asset of MSPC or any of its Subsidiaries under any agreement or any commitment to which MSPC or any of its Subsidiaries is a party
or by which MSPC or any of its Subsidiaries is bound or by which any of their respective properties or assets are bound, or (iv) result
in a violation of any federal, state, local or foreign statute, rule, regulation, order, judgment or decree (including federal
and state securities laws and regulations) applicable to MSPC or any of its Subsidiaries or by which any property or asset of
MSPC or any of its Subsidiaries is bound or affected, except, in all cases other than violations pursuant to clauses (i) or (iv)
(with respect to federal and state securities laws) above, for such conflicts, defaults, terminations, amendments, acceleration,
cancellations and violations as would not, individually or in the aggregate, have a Material Adverse Effect. The business of MSPC
and its Subsidiaries is not being conducted in violation of any laws, ordinances or regulations of any governmental entity, except
for possible violations which singularly or in the aggregate do not and will not have a Material Adverse Effect. Neither MSPC
nor any of its Subsidiaries is required under federal, state, foreign or local law, rule or regulation to obtain any consent,
authorization or order of, or make any filing or registration with, any court or governmental agency in order for it to execute,
deliver or perform any of its obligations under this Agreement or the New Convertible Note or issue the Shares.

    	 	
3
	 

    	 

    

(g)       Reporting
Requirements; SEC Documents; Financial Statements. MSPC was continuously subject to the reporting requirements of Section
15(d) of the Exchange Act from May 15, 2013, to November 25, 2013, and on the latter date became subject to the reporting requirements
of Section 13 of the Exchange Act. Since it first became subject to any of the reporting requirements of the Exchange Act, MSPC
has timely filed all reports, schedules, forms, statements and other documents required to be filed by it with the SEC pursuant
to the reporting requirements of the Exchange Act. As of their respective dates, the SEC Documents complied in all respects with
the requirements of the Securities Act and the Exchange Act and the rules and regulations of the SEC promulgated thereunder, and
none of the SEC Documents, when filed, contained any untrue statement of a material fact or omitted to state a material fact required
to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were
made, not misleading. The financial statements of MSPC included in the SEC Documents complied in all respects with applicable
accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time of their filing.
Such financial statements were prepared in accordance with generally accepted accounting principles consistently applied during
the periods involved, except as may be otherwise specified in such financial statements or the notes thereto, and fairly present
in all material respects the financial position of MSPC as of and for the dates thereof and the results of operations and cash
flows for the periods then ended, subject, in the case of unaudited statements, to normal, immaterial, year-end audit adjustments.

(h)       No
Material Adverse Change. Since December 31, 2013, MSPC has not experienced or suffered any Material Adverse Effect.

(i)       No
Undisclosed Liabilities. Neither MSPC nor any of its Subsidiaries has any liabilities, obligations, claims or losses (whether
liquidated or unliquidated, secured or unsecured, absolute, accrued, contingent or otherwise) other than those set forth on the
balance sheets included in the SEC Reports or incurred in the ordinary course of MSPC’s or its Subsidiaries respective businesses
since December 31, 2013, and which, individually or in the aggregate, do not or would not have a Material Adverse Effect on MSPC
or its Subsidiaries.

(j)       No
Undisclosed Events or Circumstances. Since December 31, 2013, no event or circumstance has occurred or exists with respect
to MSPC or its Subsidiaries or their respective businesses, properties, prospects, operations or financial condition, which, under
applicable law, rule or regulation, requires public disclosure or announcement by MSPC but which has not been so publicly announced
or disclosed.

(k)       No
Actions Pending. There is no action, suit, claim, investigation, arbitration, alternate dispute resolution proceeding
or other proceeding pending or, to the knowledge of MSPC, threatened against MSPC or any Subsidiary which questions the validity
of this Agreement or any of the transactions contemplated hereby or thereby or any action taken or to be taken pursuant hereto
or thereto. There is no action, suit, claim, investigation, arbitration, alternate dispute resolution proceeding or other proceeding
pending or, to the knowledge of MSPC, threatened against or involving MSPC, any Subsidiary or any of their respective properties
or assets, which individually or in the aggregate, would have a Material Adverse Effect. There are no outstanding orders, judgments,
injunctions, awards or decrees of any court, arbitrator or governmental or regulatory body against MSPC or any Subsidiary or any
officers or directors of MSPC or any Subsidiary in their capacities as such, which individually, or in the aggregate, would have
a Material Adverse Effect.

(l)       Governmental
Approvals. No authorization, consent, approval, license, exemption of, filing or registration with any court or governmental
department, commission, board, bureau, agency or instrumentality, domestic or foreign, is or will be necessary for, or in connection
with, the execution, delivery and performance of this Agreement and the New Convertible Note and the issuance of the Shares.

(m)       Absence
of Certain Developments. Since December 31, 2013, except as disclosed in or contemplated by this Agreement or in the SEC
Documents, or as known or disclosed to Holder, neither MSPC nor any Subsidiary has:

    	 	
4
	 

    	 

    
		(i)	issued
                                         any stock, bonds or other corporate securities or any rights, options or warrants with
                                         respect thereto;

		(ii)	borrowed
                                         any amount or incurred or become subject to any liabilities (absolute or contingent)
                                         except current liabilities incurred in the ordinary course of business;

		(iii)	discharged
                                         or satisfied any lien or encumbrance or paid any obligation or liability (absolute or
                                         contingent), other than current liabilities paid in the ordinary course of business;

		(iv)	declared
                                         or made any payment or distribution of cash or other property to stockholders with respect
                                         to its stock, or purchased or redeemed, or made any agreements so to purchase or redeem,
                                         any shares of its capital stock;

		(v)	sold,
                                         assigned or transferred any other tangible assets, or canceled any debts or claims, except
                                         in the ordinary course of business;

		(vi)	sold,
                                         assigned or transferred any patent rights, trademarks, trade names, copyrights, trade
                                         secrets or other intangible assets or intellectual property rights, or disclosed any
                                         proprietary confidential information to any Person except in the ordinary course of business;

		(vii)	suffered
                                         any substantial losses or waived any rights of material value, whether or not in the
                                         ordinary course of business, or suffered the loss of any material amount of prospective
                                         business;

		(viii)	made
                                         any changes in employee compensation;

		(ix)	entered
                                         into any material transaction other than in the ordinary course of business;

		(x)	made
                                         charitable contributions or pledges;

		(xi)	suffered
                                         any material damage, destruction or casualty loss, whether or not covered by insurance;

		(xii)	experienced
                                         any material problems with labor or management in connection with the terms and conditions
                                         of their employment;

		(xiii)	entered
                                         into or proposed to enter into an agreement, written or otherwise, to take any of the
                                         foregoing actions; or

		(xiv)	effected
                                         two or more events of the foregoing kind which in the aggregate would cause a Material
                                         Adverse Effect.

(n)       Form
10 Information; Non-Shell Status. On February 11, 2013, MSPC filed a registration statement on Form S-1 with the SEC,
containing “Form 10 Information,” as that term is defined in Section (i)(3) of Rule 144, and stated therein that it
had ceased to be an issuer described in section (i)(1)(i) of Rule 144. MSPC is not, and at no time since February 11, 2013 has
it been, such an issuer.

(o)       Disclosure. The representations
and warranties contained in this Section 3 do not contain any untrue statement of a material fact or omit to state any material
fact necessary in order to make the statements and information contained in this Section 3 not misleading. The disclosures contained
in the SEC Reports do not contain any untrue statement of a material fact or omit to state any material fact necessary in order
to make the statements and information contained in the SEC Reports not misleading.

4.       Covenants.

(a)       Covenants
of MSPC. MSPC covenants with the Holder as follows:

(i)       Filing
of Reports under the Exchange Act; No Termination of Exchange Act Registration. As long as the New Convertible Note is
outstanding and as long as the Holder or any entity controlled by him holds any of the shares of Common Stock issued upon conversion
under the New Convertible Note, MSPC (i) will timely file all reports and other materials required to be filed by Section 13 of
the Exchange Act, other than Current Reports on Form 8-K, and (ii) will at all times maintain the registration of its Common
Stock under Section 12(b) or (g) of the Exchange Act.

(ii)       Notice
of Breach. MSPC shall give immediate notice only by personal delivery or e-mail to the Holder upon becoming aware of MSPC’s
failure to comply with its covenant set forth in subsection (a) of this Section 4.

    	 	
5
	 

    	 

    

(iii)       Other
Agreements. MSPC shall not enter into any agreement in which the terms of such agreement would restrict or impair the
right or ability of MSPC or any Subsidiary to perform its obligations under this Agreement or to issue shares of Common Stock
upon conversion under the New Convertible Note.

(iv)       Reservation
of Shares. MSPC will immediately establish a reserve of 2,100,000,000 shares of its Common Stock for the issuance of shares
of Common Stock upon conversion of the New Convertible Note. In the event that the Corporation shall amend its certificate of
incorporation to provide for the Reverse Split, the number of shares in such reserve after the Reverse Split may be reduced in
the same ratio as the number of shares of outstanding Common Stock were thereby reduced, provided that the number of shares in
such reserve after the consummation of such reverse split shall not be less than 1,000,000,000.

(vii)       No
Registration Statement. MSPC will not file any registration statement under the Securities Act until one year after the
date on which the Holder shall first have converted any portion of the New Convertible Note into shares of Common Stock or December
31, 2014, whichever shall first occur, provided that MSPC may comply with its obligations under any agreement under
which it is obligated to maintain the effectiveness of any registration statement that was filed and declared effective prior
to the date of this Agreement.

(b)       Covenants
of the Holder.

(i)       The
Holder will comply with all applicable federal and state securities laws in connection with the offer and of the Shares.

(ii)       The
Holder shall convert the principal amount of the New Convertible Note into shares of Common Stock as quickly as practicable, provided
that he shall not be required to comply with this covenant to the extent that such compliance would cause him to be the
beneficial holder of more than 9.9% of the shares of Common Stock at the time outstanding.

5.       Conversion.

(a)       Conversion. After
the delivery of the New Convertible Note, Holder shall have the right, at his option, to convert, subject to the terms and provisions
of this Section 5, all or any portion of the principal amount of the New Convertible Note and the interest accrued thereon into
such number of fully paid and nonassessable shares of Common Stock as shall be equal to the portion of such unpaid principal that
the Holder desires to convert divided by the Conversion Price then in effect, by delivery of the New Convertible Note to MSPC
at its address for Notice; provided, however, that MSPC shall not issue any fractional shares in connection with
any conversion pursuant to this Section 5, but shall round up any fractional share to the next highest share. In the event that
the Holder shall exercise his option so to convert with respect to less than the entire aggregate principal amount of the New
Convertible Note then outstanding, MSPC shall issue to the Holder a replacement for the New Convertible Note that was delivered
to MSPC, duly executed by MSPC, in form identical to the New Convertible Note so delivered, for the principal amount of the New
Convertible Note that has not been so converted, dated as of the Conversion Date (as that term is hereinafter defined).

(b)       Delivery
of Stock Certificates; Time Conversion Effective; No Adjustment for Interest or Dividends. As promptly as practicable
after the surrender (as herein provided) of the New Convertible Note for conversion, MSPC shall deliver or cause to be delivered
to or upon the written order of the Holder, certificates representing the number of fully paid and nonassessable Shares into which
the New Convertible Note shall have been converted. Subject to the following provisions of this Subsection (b), such conversion
shall be deemed to have been made at the close of business on the date on which the New Convertible Note shall have been surrendered
for conversion as provided in Subsection (a) of this Section 5 (the “Conversion Date”), so that the rights of the
Holder under the New Convertible Note as such (to the extent that the New Convertible Note is converted) shall cease at such time
and the person or persons entitled to receive the Shares upon conversion of the New Convertible Note shall be treated for all
purposes as having become the record holder or holders of such Shares at such time; provided, however, that no such
surrender on any date when the stock transfer books of MSPC shall be closed shall be effective to constitute the person or persons
entitled to receive Shares upon such conversion as the record holder or holders of such Shares on such date, but such surrender
shall be effective to constitute the person or persons entitled to receive such Shares as the record holder or holders thereof
for all purposes at the close of business on the next succeeding day on which such stock transfer books are open or MSPC is required
to convert the New Convertible Note. MSPC will, at the time of any partial conversion of the New Convertible Note, upon request
of the Holder, acknowledge in writing its continuing obligation to the Holder in respect of any rights to which he shall continue
to be entitled under the New Convertible Note as in effect after such conversion, provided that, the failure of
the Holder to make any such request shall not affect the continuing obligation of MSPC to the Holder in respect of such rights.

    	 	
6
	 

    	 

    

If the day
for the exercise of the conversion right shall not be a business day at the palace where Notice of conversion is to be given,
then such conversion right will be deemed to be exercised on the next succeeding day which is a Business Day.

No adjustment in
respect of interest or cash dividends shall be made upon conversion of the New Convertible Note. MSPC shall pay all unpaid interest
on the New Convertible Note so converted which has accrued to (but not including) the date upon which such conversion is deemed
to have been effected in accordance with this Subsection (b).

(c)       Conversion
Price. The Conversion Price for the conversion into shares of Common Stock of the principal amount of and interest accrued
on the New Convertible Note shall be the par value of the Common Stock.

(d)       Adjustment
of Conversion Price. The Conversion Price shall be subject to adjustment as follows, provided that the Conversion
Price shall never be less than the par value of the Common Stock:

(i)             
In case MSPC shall, after the date of the New Convertible Note, (A) pay a stock dividend or make a distribution in shares of its
capital stock (whether shares of its Common Stock or of capital stock of any other class), (B) subdivide its outstanding shares
of Common Stock, (C) combine its outstanding shares of Common Stock into a smaller number of shares, or (D) issue by reclassification
of its shares of Common Stock any shares of capital stock of MSPC, the Conversion Price in effect immediately prior to such action
shall be adjusted so that the holder of the New Convertible Note thereafter surrendered for conversion shall be entitled to receive
an equivalent number of shares of its Common Stock or capital stock of any other class which it would have owned immediately following
such action had the New Convertible Note been converted immediately prior thereto. Any adjustment made pursuant to this Subsection
(i) shall become effective immediately after the record date in the case of a dividend or distribution and shall become effective
immediately after the effective date in the case of a subdivision, combination or reclassification.

(ii)            In case
MSPC, after the date hereof, shall issue rights, warrants or options entitling the recipients thereof to subscribe for or purchase
shares of Common Stock (or securities convertible into Common Stock) at a price per share less than the Conversion Price for the
New Convertible Note then in effect, the Conversion Price in effect immediately prior thereto shall be adjusted so that it shall
equal the price determined by multiplying the Conversion Price in effect for immediately prior to the date of issuance of such
rights, warrants or options by a fraction of which the numerator shall be the number of shares of Common Stock outstanding on
the date of issuance of such rights, warrants or options (immediately prior to such issuance), plus the number of shares of Common
Stock which the aggregate offering price of the total number of shares of Common Stock so offered for subscription or purchase
(or the aggregate conversion price of the convertible securities so offered to subscription or purchase) would purchase at the
Conversion Price then in effect, and of which the denominator shall be the number of shares of Common Stock outstanding on the
date of issuance of such rights, warrants or options (immediately prior to such issuance) plus the number of additional shares
of Common Stock so offered for subscription or purchase (or into which the convertible securities so offered for subscription
or purchase are convertible). Such adjustment shall be made successively whenever any such rights, warrants or options are issued.
In determining whether any rights, warrants or options entitle the holder of the New Convertible Note to subscribe for or purchase
shares of Common Stock (or securities convertible into Common Stock) at less than the Conversion Price then in effect and in determining
the aggregate offering price of such shares of Common Stock (or conversion price of such convertible securities), there shall
be taken into account any consideration received by MSPC for such rights, warrants or options (and for such convertible securities),
the value of such consideration, if other than cash, to be determined in good faith by the Board of Directors of MSPC (which determination
shall be conclusive). If at the end of the period during which such warrants, rights or options are exercisable not all of such
warrants, rights or options shall have been exercised, the adjusted Conversion Price shall be immediately readjusted to the Conversion
Price which would have been in effect based on the number of additional shares of Common Stock actually issued (or the number
of shares of Common Stock actually issuable) upon conversion of the convertible securities.

    	 	
7
	 

    	 

    

(iii)         
In case MSPC, after the date of the New Convertible Note, shall distribute to all holders of its outstanding Common Stock any
shares of capital stock (other than Common Stock), evidences of its indebtedness or assets (including securities and cash, but
excluding any cash dividend paid out of current or retained earnings of MSPC and dividends or distributions payable in stock for
which adjustment is made pursuant to Subsection (i) of this Section 5(d) or rights, warrants or options to subscribe for or purchase
securities of MSPC (excluding those referred to in Subsection (ii) of this Section 5(d), then in each such case, the Conversion
Price shall be adjusted so that the same shall equal the price determined by multiplying the Conversion Price in effect immediately
prior to the record date of such distribution by a fraction of which the numerator shall be the Conversion Price for such New
Convertible Note then in effect less the fair market value on such record date (as determined in good faith by the Board of Directors
of MSPC, which determination shall be conclusive) of the portion of the capital stock or the evidences of indebtedness or the
assets so distributed to the holder of one share of Common Stock or of such subscription rights, warrants or options applicable
to one share of Common Stock and of which the denominator shall be the Conversion Price then in effect. Such adjustment shall
become effective immediately after the record date for the determination of stockholders entitled to receive such distribution.
If at the end of the period during which warrants, rights or options described in this Subsection (iii) are exercisable not all
such warrants, rights or options shall have been exercised, the adjusted Conversion Price shall be immediately readjusted to what
it would have been based on the number of warrants, rights or options actually exercised.

(iv)         
Notwithstanding anything in subsection (ii) or (iii) of this Section 5(d) to the contrary, with respect to any rights, warrants
or options covered by Subsection (ii) or (iii) of this Section 5(d), if such rights, warrants or options are exercisable only
upon the occurrence of specified events, then for purposes of this Section 5(d), such rights, warrants or options shall not be
deemed issued or distributed, and any adjustment to the Conversion Price required by subsection (ii) or (iii) of this Section
5(d) shall not be made until such events occur and such rights, warrants or options become exercisable.

(v)           
In case MSPC, after the date of the New Convertible Note, shall issue shares of its Common Stock (excluding those rights, warrants,
options, shares of capital stock or evidences of its indebtedness or assets referred to in subsection (ii) or (iii) of this Section
5(d)) at a net price per share less than the Conversion Price on the date that MSPC fixes the offering price of such additional
shares, the Conversion Price shall be reduced immediately thereafter so that it shall equal the price determined by multiplying
such Conversion Price in effect immediately prior thereto by a fraction of which the numerator shall be the number of shares of
Common Stock outstanding immediately prior to the issuance of such additional shares plus the number of shares of Common Stock
which the aggregate offering price of the total number of shares of Common Stock so offered would purchase at the Conversion Price
then in effect and the denominator shall be the number of shares of Common Stock that would be outstanding immediately after the
issuance of such additional shares. Such adjustment shall be made successively whenever such an issuance is made. This Subsection
(v) shall not apply to Common Stock issued to any employee, officer or director of MSPC under a bona fide employee or director
benefit plan adopted by MSPC and approved by the stockholders of MSPC.

(vi)         
In any case in which this Section 5(d) shall require that an adjustment be made immediately following a record date or an effective
date, MSPC may elect to defer (but only until five Business Days following the mailing by MSPC to the holder of New Convertible
Note of the certificate required by subsection (viii) of this Section 5(d), issuing to the holder of the New Convertible Note
converted after such record date or effective date the shares of Common Stock issuable upon such conversion over and above the
shares of Common Stock issuable upon such conversion on the basis of the Conversion Price prior to adjustment.

(vii)       
No adjustment in the Conversion Price of the New Convertible Note shall be required to be made unless such adjustment would require
an increase or decrease of at least one percent (1%) in such price; provided, however, that any adjustments which by reason of
this Subsection (vii) are not required to be made shall be carried forward and taken into account in any subsequent adjustment.
All calculations under this Section 5(d) shall be made to the nearest one hundredth of one cent.

(viii)     
Whenever the Conversion Price is adjusted as provided in this Section 5, MSPC will promptly mail to the holder of the New Convertible
Note a certificate of MSPC’s Treasurer or Chief Financial Officer setting forth the Conversion Price as so adjusted and
a brief statement of facts accounting for such adjustment.

(ix)         
Irrespective of any adjustment or change in the Conversion Price and the number of Shares actually purchasable under the New Convertible
Note, a New Convertible Note thereafter issued in replacement of New Convertible Note surrendered upon the partial conversion
of such New Convertible Note may continue to express the Conversion Price per Share thereunder as the Conversion Price per Share
as set forth in such New Convertible Note when initially issued.

    	 	
8
	 

    	 

    

(e)       Consolidation
or Merger. If MSPC shall at any time consolidate or merge with or into another corporation, (i) MSPC shall give
at least five (5) days’ prior written notice to the Holder of such consolidation or merger and the terms thereof and (ii)
the holder of a New Convertible Note shall thereafter be entitled to receive, upon the conversion thereof, the securities or property
to which a holder of the number of Shares then deliverable upon the conversion thereof would have been entitled upon such consolidation
or merger. MSPC shall take such steps in connection with such consolidation or merger as may be necessary to assure such holder
that the provisions of this Agreement shall thereafter be applicable, as nearly as reasonably may be in relation to any securities
or property thereafter deliverable upon the conversion of the New Convertible Note including, but not limited to, obtaining a
written acknowledgement from the continuing corporation or other appropriate corporation of its obligation to supply such securities
or property upon such conversion. The sale of all or substantially all of the assets of MSPC shall be deemed a consolidation or
merger for the foregoing purposes.

(f)       Taxes
on Conversion. The issuance of certificates for Shares upon the conversion of New Convertible Note shall be made
without charge to the Holder for any issue or stamp tax in respect of the issuance of such certificates, and such certificates
shall be issued in the respective names of, or in such names as may be directed by, the holder of the New Convertible Note; provided,
however, that MSPC shall not be required to pay any tax which may be payable in respect of any transfer involved in the
issuance and delivery of any such certificate in a name other than that of the Holder and MSPC shall not be required to issue
or deliver such certificates unless or until the person or persons requesting the issuance thereof shall have paid to MSPC the
amount of such tax or shall have established to the satisfaction of MSPC that such tax has been paid.

(g)       Prepayment.
MSPC shall have no right to prepay the New New Convertible Note, unless Holder defaults in its covenant under Section 4(b)(2),
in which event, MSPC may prepay the New Convertible Note, in whole or in part, the New Convertible Note, upon ten (10) days’
Notice of any such prepayment. During such 10-day period, the Holder’s rights in respect of conversion shall be unaffected
by the giving of such Notice. Prepayments shall be applied first to accrued interest and then to principal.

6.       Pledge
Agreement. The Pledge Agreement, dated August 13, 2012, by and between MSPC and Holder, as amended, is hereby terminated.

7. Miscellaneous

(a)       Specific
Enforcement; Consent to Jurisdiction. (a) MSPC and the Holder acknowledge and agree that irreparable damage would occur
in the event that any of the provisions of this Agreement and the conversion obligations of MSPC under the New Convertible Note
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties
shall be entitled to an injunction or injunctions to prevent or cure breaches of such provisions and such conversion obligations
and to enforce them specifically, this being in addition to any other remedy to which any of them may be entitled by law or equity.

(b)        Governing
Law; Jurisdiction; Legal Fees. This Agreement and the New Convertible Note shall be governed by and construed in accordance
with the internal laws of the State of Florida, without giving effect to its choice of law provisions. MSPC and the Holder each
(i) hereby irrevocably submits to the non-exclusive jurisdiction of the state and federal courts of the State of Florida for the
purposes of any suit, action or proceeding arising out of or relating to this Agreement or the New Convertible Note and the transactions
contemplated hereby or thereby, and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient
forum or that the venue of the suit, action or proceeding is improper. MSPC and the Holder each consents to process being served
in any such suit, action or proceeding by mailing a copy thereof to such party at the address in effect for notices to it under
this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
in this Subsection shall affect or limit any right to serve process in any other manner permitted by law. MSPC and the Holder
hereby agree that the prevailing party in any suit, action or proceeding relating to this Agreement or the New Convertible Note
shall be entitled to reimbursement for reasonable legal fees and expenses from the non-prevailing party.

    	 	
9
	 

    	 

    

(c)       Entire
Agreement; Amendment. This Agreement contains the entire understanding and agreement of the parties with respect to the
matters covered hereby and, except as specifically set forth herein, neither MSPC nor the Holder makes any representation, warranty,
covenant or undertaking with respect to such matters, and they supersede all prior understandings and agreements with respect
to said subject matter, all of which are merged herein. No provision of this Agreement may be waived or amended other than by
a written instrument signed by MSPC and the Holders.

(d)       Notices.
 Any notice, demand, request, waiver or other communication required or permitted to be given hereunder or under the New Convertible
Note (a “Notice”) shall be written and unless a specific method for giving a Notice is specified in
any other provision of this Agreement, shall be personally delivered (to MSPC’s president if Notice is given to it and to
Richard S. Astrom if Notice is given to him), transmitted by email to the e-mail address for the recipient specified below in
this Subsection (d) or sent by a recognized courier service to the physical address specified below, with all courier fees (but
not customs duties) prepaid. Any such Notice shall be effective (a) if personally delivered, upon its delivery, (b) if transmitted
by email, at 8:00 a.m., Miami time, on the next business day thereafter or (c) if sent by courier, on the business day next following
the delivery date shown in the courier’s proof of delivery, but not more than four business days after the Notice is delivered
to the courier. The e-mail and physical addresses for Notices shall be:

If to MSPC:

Mail or Courier:

Metrospaces, Inc.

888 Brickell Key Drive, Suite 1102

Miami, Florida 33131

 

Attn:President

Email:

oscar.brito@metrospaces.net

 

If to the Holder:

 

Mail or Courier:

 

Richard S. Astrom

11415
NW 123d Lane

Reddick, FL 32686

Email: r_astrom@me.com

 

Either party hereto may from time to
time change its physical or e-mail address for notices by giving at least ten (10) days’ written notice of such changed
address to the other party hereto; provided, however, that such physical address shall not be outside the continental
United States.

(e)       Waiver.
No waiver by any party of any default with respect to any provision, condition or requirement of this Agreement or the New
Convertible Note shall be deemed to be a continuing waiver in the future or a waiver of any other provision, condition or requirement
hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any
such right accruing to it thereafter.

(f)       Headings.
The article, section and subsection headings in this Agreement are for convenience only and shall not constitute a part of
this Agreement for any other purpose and shall not be deemed to limit or affect any of the provisions hereof.

(g)       Successors
and Assigns. This Agreement and the New Convertible Note shall be binding upon MSPC and its successors and assigns and
shall inure to the benefit of the Holder and Holder’s heirs, executors, administrators and permitted assigns. The Holder
may assign the New Convertible Note or grant interests therein in whole or in part and the Shares or any of them without the consent
of MSPC and each such assignee shall be entitled to the benefit of this Agreement, provided that MSPC shall have
received an opinion of counsel (which opinion and counsel shall be reasonably satisfactory to MSPC) that such assignment has been
made pursuant to an exemption from registration under the Securities Act of 1933.

    	 	
10
	 

    	 

    

(h)       No
Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective permitted
successors and assigns and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

(i)       Construction.
This Agreement and the New Convertible Note shall not be interpreted or construed with any presumption against any party by
reason of its having caused such instrument to be drafted.

(j)       Survival.
The representations and warranties of the Holder and MSPC set forth in Sections 2 and 3, respectively, shall survive the execution
and delivery hereof for one (1) year, except that the representations and warranties of MSPC set forth in Section 3(e) shall survive
indefinitely. All of the agreements and covenants of MSPC set forth herein shall survive indefinitely.

(k)       Counterparts.
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same
instrument and shall become effective when counterparts have been signed by each party and delivered (including by facsimile and/or
by photocopy) to the other parties hereto, it being understood that all parties need not sign the same counterpart.

(l)       Severability.
The provisions of this Agreement and the New Convertible Note are severable and, in the event that any court of competent
jurisdiction shall determine that any one or more of such provisions or part of such provisions contained shall, for any reason,
be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect
any other provision or part of a provision of this Agreement or the New Convertible Note and this Agreement and the New Convertible
Note shall be construed as if such invalid or illegal or unenforceable provision, or part of such provision, would be valid, legal
and enforceable to the maximum extent possible.

(m)       Further
Assurances. From and after the date of this Agreement, upon the request of the Holder or MSPC, MSPC and the Holder shall
execute and deliver such instruments, documents and other writings as may be reasonably necessary or desirable to confirm and
carry out and to effectuate fully the intent and purposes of this Agreement.

IN WITNESS WHEREOF, the parties
hereto have caused this Agreement to be duly executed by their respective authorized officers or agents as of the date first above
written.

/s/ Richard S. AstromMETROSPACES,
INC.

Richard S. Astrom

By:/s/ Oscar Brito

Oscar Brito

President

 

    	 	
11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]