Document:

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (the “Agreement”) is made and entered into as of May 21, 2018 by and among
hopTo Inc., a Delaware corporation (the “Company”), and the “Holders” named in that certain Exchange
Agreement by and among the Company and the Holders entered into as of the date hereof (the “Exchange Agreement”).
Capitalized terms used herein have the respective meanings ascribed thereto in the Exchange Agreement unless otherwise defined
herein.

 

WHEREAS,
the Exchange Agreement contemplates the issuance of the New Warrants by the Company and the registration of such New Warrants
pursuant to this Agreement.

 

The
parties hereby agree as follows:

 

1.
Certain Definitions.

 

As
used in this Agreement, the following terms shall have the following meanings:

 

“Common
Shares” means the Company’s common stock, par value $0.0001 per share, and any securities into which such shares
may hereinafter be reclassified.

 

“Holders”
means the Holders identified in the Exchange Agreement and any Affiliate or permitted transferee of any Holder who is a subsequent
holder of any Registrable Securities.

 

“Prospectus”
means (i) any prospectus (preliminary or final) included in any Registration Statement, as amended or supplemented by any prospectus
supplement, with respect to the terms of the offering of any portion of the Registrable Securities covered by such Registration
Statement and by all other amendments and supplements to the prospectus, including post-effective amendments and all material
incorporated by reference in such prospectus, and (ii) any “free writing prospectus” as defined in Rule 405 under
the 1933 Act.

 

“Register,”
“registered” and “registration” refer to a registration made by preparing and filing a Registration
Statement or similar document in compliance with the 1933 Act (as defined below), and the declaration or ordering of effectiveness
of such Registration Statement or document.

 

“Registrable
Securities” means (i) the Warrant Shares, and (ii) any other securities issued or issuable with respect to, upon exercise
of, or in exchange for the New Warrants or Warrant Shares, whether by merger, charter amendment, or otherwise; provided,
that, a security shall cease to be a Registrable Security upon (A) sale pursuant to a Registration Statement, Rule 144 under the
1933 Act, or otherwise in a transaction in which the transferee received unlegended securities, or (B) such security becoming
eligible for sale without restriction pursuant to Section 4(1) of the 1933 Act; provided, however, that, any restrictive
legend on any certificate representing such security shall have been removed or there shall have been delivered to the transfer
agent for such security irrevocable documentation (including any necessary legal opinion of counsel to the Company reasonably
satisfactory in form and substance to the applicable Holder) to the effect that, upon submission by the applicable Holder of the
certificate representing such security, any such restrictive legend shall be removed.

 

    	 

    	 

    

 

“Registration
Statement” means any registration statement of the Company filed under the 1933 Act that covers the resale of any of
the Registrable Securities pursuant to the provisions of this Agreement, amendments and supplements to such Registration Statement,
including post-effective amendments, all exhibits and all material incorporated by reference in such Registration Statement.

 

“Required
Holders” means the Holders beneficially owning a majority of the Registrable Securities.

 

“SEC”
means the U.S. Securities and Exchange Commission.

 

“Warrant
Shares” means the shares of Common Stock, subject to adjustment, underlying the New Warrants.

 

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

 

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

 

2.
Registration.

 

(a)
Registration Statements.

 

(i)
Initial Registration Statement. Promptly following the closing of the transactions contemplated by the Exchange Agreement
(the “Closing Date”), the Company shall, on a reasonable best efforts basis, prepare and file with the SEC
one Registration Statement on Form S-1, covering the resale of the Registrable Securities. Subject to any SEC comments, such Registration
Statement shall include the plan of distribution attached hereto as Exhibit A; provided, however, that no
Holder shall be named as an “underwriter” in the Registration Statement without the Holder’s prior written consent.
In the event that the SEC requires a Holder to be named as an underwriter and such Holder does not consent thereto, such Holder’s
Registrable Securities shall be removed from the Registration Statement and shall be treated as “Cut Back Shares”
in accordance with Section 2(d) hereof. Such Registration Statement also shall cover, to the extent allowable under the 1933 Act
and the rules promulgated thereunder (including Rule 416), such indeterminate number of additional Common Shares resulting from
stock splits, stock dividends or similar transactions with respect to the Registrable Securities. Such Registration Statement
shall not include any Common Shares or other securities for the account of any other holder without the prior written consent
of the Required Holders, such consent not to be unreasonably withheld. The Registration Statement (and each amendment or supplement
thereto, and each request for acceleration of effectiveness thereof) shall be provided in accordance with Section 3(c) to the
Holders and their counsel prior to its filing or other submission, provided, that no such amendment or supplement
occurring solely as a result of the filing by the Company of a report or other document pursuant to the 1934 Act need be provided
to any Holder or its counsel.

 

(ii)
S-3 Qualification. Promptly following the date (the “Qualification Date”) upon which the Company becomes
eligible to use a registration statement on Form S-3 to register the Registrable Securities for resale, but in no event more than
thirty (30) days after the Qualification Date (the “Qualification Deadline”), the Company shall file a registration
statement on Form S-3 covering the Registrable Securities (or a post-effective amendment on Form S-3 to the registration statement
on Form S-1) (a “Shelf Registration Statement”) and shall use commercially reasonable efforts to cause such
Shelf Registration Statement to be declared effective as promptly as practicable thereafter. Such Shelf Registration Statement
shall not include any Common Shares or other securities for the account of any other holder without the prior written consent
of the Required Holders, such consent not to be unreasonably withheld.

 

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(b)
Expenses. The Company will pay all expenses associated with effecting the registration of the Registrable Securities, including
filing and printing fees, the Company’s counsel and accounting fees and expenses, costs associated with clearing the Registrable
Securities for sale under applicable state securities laws, and listing fees, and other reasonable expenses in connection with
the registration, but excluding discounts, commissions, fees of underwriters, selling brokers, dealer managers or similar securities
industry professionals with respect to the Registrable Securities being sold.

 

(c)
Effectiveness.

 

(i)
The Company shall use commercially reasonable efforts to have any Registration Statement declared effective as soon as practicable.
The Company shall notify the Holders by facsimile or e-mail as promptly as practicable, and in any event, within twenty-four (24)
hours, after any Registration Statement is declared effective and shall simultaneously provide the Holders with copies of any
related Prospectus to be used in connection with the sale or other disposition of the securities covered thereby.

 

(ii)
For not more than twenty (20) consecutive days or for a total of not more than forty-five (45) days in any twelve (12) month period,
the Company may suspend the use of any Prospectus included in any Registration Statement contemplated by this Section in the event
that the Company determines in good faith that such suspension is necessary to (A) delay the disclosure of material non-public
information concerning the Company, the disclosure of which at the time is not, in the good faith opinion of the Company, in the
best interests of the Company or (B) amend or supplement the affected Registration Statement or the related Prospectus so that
such Registration Statement or Prospectus shall not include an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein, in the case of the Prospectus in light of the
circumstances under which they were made, not misleading (an “Allowed Delay”); provided, that the Company
shall promptly (a) notify each Holder in writing of the commencement of an Allowed Delay, but shall not (without the prior written
consent of a Holder) disclose to such Holder any material non-public information giving rise to an Allowed Delay, (b) advise the
Holders in writing to cease all sales under the Registration Statement until the end of the Allowed Delay and (c) use commercially
reasonable efforts to terminate an Allowed Delay as promptly as practicable.

 

(d)
Rule 415; Cutback. If at any time the SEC takes the position that the offering of some or all of the Registrable Securities
in a Registration Statement is not eligible to be made on a delayed or continuous basis under the provisions of Rule 415 under
the 1933 Act or requires any Holder to be named as an “underwriter”, the Company shall use its best efforts to persuade
the SEC that the offering contemplated by a Registration Statement is a bona fide secondary offering and not an offering “by
or on behalf of the issuer” as defined in Rule 415 and that none of the Holders is an “underwriter”. The Holders
shall have the right, at their own expense to the extent that the expense reimbursement provision in Section 2(b) is exceeded,
to participate or have their counsel participate in any meetings or discussions with the SEC regarding the SEC’s position
and to comment or have their counsel comment on any written submission made to the SEC with respect thereto. No such written submission
shall be made to the SEC to which the Holders’ counsel reasonably objects. In the event that, despite the Company’s
best efforts and compliance with the terms of this Section 2(d), the SEC refuses to alter its position, the Company shall (i)
remove from the Registration Statement such portion of the Registrable Securities (the “Cut Back Shares”) and/or
(ii) agree to such restrictions and limitations on the registration and resale of the Registrable Securities as the SEC may require
to assure the Company’s compliance with the requirements of Rule 415 (collectively, the “SEC Restrictions”);
provided, however, that the Company shall not agree to name any Holder as an “underwriter” in such Registration
Statement without the prior written consent of such Holder. Any cut-back imposed by the SEC Restrictions shall be applied to the
Registrable Securities. Any such cut-back shall be allocated among the holders of the securities subject to such cut-back on a
pro rata basis based on the number of Registrable Securities held by them unless the SEC Restrictions otherwise require or provide
or such holders otherwise agree.

 

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(e)
Right to Piggyback Registration.

 

(i)
If at any time following the date of this Agreement that any Registrable Securities remain outstanding, (A) there is not one or
more effective Registration Statements covering all of the Registrable Securities and (B) the Company proposes for any reason
to register any shares of Common Shares under the 1933 Act (other than pursuant to a registration statement on Form S-4 or Form
S-8 (or a similar or successor form)) with respect to an offering of Common Shares by the Company for its own account or for the
account of any of its stockholders, it shall at each such time promptly give written notice to the holders of the Registrable
Securities of its intention to do so (but in no event less than thirty (30) days before the anticipated filing date) and, to the
extent permitted under the provisions of Rule 415 under the 1933 Act, include in such registration all Registrable Securities
with respect to which the Company has received written requests for inclusion therein within fifteen (15) days after receipt of
the Company’s notice (a “Piggyback Registration”). Such notice shall offer the holders of the Registrable
Securities the opportunity to register such number of shares of Registrable Securities as each such holder may request and shall
indicate the intended method of distribution of such Registrable Securities.

 

(ii)
Notwithstanding the foregoing, (A) if such registration involves an underwritten public offering, the Holders must sell their
Registrable Securities to, if applicable, the underwriter(s) at the same price and subject to the same underwriting discounts
and commissions that apply to the other securities sold in such offering (it being acknowledged that the Company shall be responsible
for other expenses as set forth in Section 2(b)) and subject to the Holders entering into customary underwriting documentation
for selling stockholders in an underwritten public offering, and (B) if, at any time after giving written notice of its intention
to register any Registrable Securities pursuant to Section 2(e)(i) and prior to the effective date of the registration statement
filed in connection with such registration, the Company shall determine for any reason not to cause such registration statement
to become effective under the 1933 Act, the Company shall deliver written notice to the Holders and, thereupon, shall be relieved
of its obligation to register any Registrable Securities in connection with such registration; provided, however,
that nothing contained in this Section 2(e)(ii) shall limit the Company’s liabilities and/or obligations under this Agreement,
including, without limitation, the obligation to pay liquidated damages under this Section 2.

 

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3.
Company Obligations. The Company will use commercially reasonable efforts to effect the registration of the Registrable
Securities in accordance with the terms hereof, and pursuant thereto the Company will, as expeditiously as possible:

 

(a)
use commercially reasonable efforts to cause such Registration Statement to become effective and to remain continuously effective
for a period that will terminate upon the earlier of (i) the date on which all Registrable Securities covered by such Registration
Statement as amended from time to time, have been sold pursuant to a Registration Statement, Rule 144 under the 1933 Act, or otherwise
in a transaction in which the transferee received unlegended securities, (ii) the date on which all of the securities covered
thereby no longer constitute Registrable Securities and (iii) the expiration of all of the New Warrants (the “Effectiveness
Period”), and advise the Holders in writing when the Effectiveness Period has expired;

 

(b)
prepare and file with the SEC such amendments and post-effective amendments to the Registration Statement and the Prospectus as
may be necessary to keep the Registration Statement effective for the Effectiveness Period and to comply with the provisions of
the 1933 Act and the 1934 Act with respect to the distribution of all of the Registrable Securities covered thereby;

 

(c)
provide copies to and permit counsel designated by the Holders to review each Registration Statement and all amendments and supplements
thereto no fewer than three (3) Business Days prior to their filing with the SEC and not file any document to which such counsel
reasonably objects; provided, that no such amendment or supplement occurring solely as a result of the filing by
the Company of a report or other document pursuant to the Exchange Act need be provided to any Holder or its counsel;

 

(d)
furnish to the Holders and their respective legal counsel (i) promptly after the same is prepared and publicly distributed, filed
with the SEC, or received by the Company (but not later than two (2) Business Days after the filing date, receipt date or sending
date, as the case may be) one (1) copy of any Registration Statement and any amendment thereto (other than an amendment occurring
solely as a result of the filing by the Company of a report or other document pursuant to the 1934 Act), each preliminary prospectus
and Prospectus and each amendment or supplement thereto (other than an amendment or supplement occurring solely as a result of
the filing by the Company of a report or other document pursuant to the 1934 Act), and (in the case of the Holders and their counsel
only) each letter written by or on behalf of the Company to the SEC or the staff of the SEC, and each item of correspondence from
the SEC or the staff of the SEC, in each case relating to such Registration Statement (other than any portion thereof which contains
information for which the Company has sought confidential treatment), and (ii) such number of copies of a Prospectus, including
a preliminary prospectus, and all amendments and supplements thereto (other than an amendment or supplement occurring solely as
a result of the filing by the Company of a report or other document pursuant to the 1934 Act) and such other documents as each
Holder may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such Holder that are
covered by the related Registration Statement; provided, that any document filed and available on the SEC’s EDGAR
system (or its successor) shall be deemed to have been furnished to the Holders and their respective counsel upon the Company
notifying the Holders of the filing thereof;

 

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(e)
use commercially reasonable efforts to (i) prevent the issuance of any stop order or other suspension of effectiveness and, (ii)
if such order is issued, obtain the withdrawal of any such order at the earliest possible moment;

 

(f)
prior to any public offering of Registrable Securities, use commercially reasonable efforts to register or qualify or cooperate
with the Holders and their respective counsel in connection with the registration or qualification of such Registrable Securities
for offer and sale under the securities or blue sky laws of such jurisdictions requested by the Holders and do any and all other
commercially reasonable acts or things necessary or advisable to enable the distribution in such jurisdictions of the Registrable
Securities covered by the Registration Statement; provided, however, that the Company shall not be required in connection
therewith or as a condition thereto to (i) qualify to do business in any jurisdiction where it would not otherwise be required
to qualify but for this Section 3(f), (ii) subject itself to general taxation in any jurisdiction where it would not otherwise
be so subject but for this Section 3(f), or (iii) file a general consent to service of process in any such jurisdiction;

 

(g)
use commercially reasonable efforts to cause all Registrable Securities covered by a Registration Statement to be listed or quoted,
as applicable, on each securities exchange, interdealer quotation system or other market on which similar securities issued by
the Company are then listed or quoted;

 

(h)
immediately notify the Holders, at any time prior to the end of the Effectiveness Period, upon discovery that, or upon the happening
of any event as a result of which, the Prospectus includes an untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing, and promptly prepare, file with the SEC and furnish to the Holders a supplement to or an amendment of such Prospectus
as may be necessary so that such Prospectus shall not include an untrue statement of a material fact or omit to state a material
fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then
existing;

 

(i)
otherwise use commercially reasonable efforts to comply with all applicable rules and regulations of the SEC under the 1933 Act
and the 1934 Act, including, without limitation, Rule 172 under the 1933 Act, file any final Prospectus, including any supplement
or amendment thereof, with the SEC pursuant to Rule 424 under the 1933 Act, promptly inform the Holders in writing if, at any
time during the Effectiveness Period, the Company does not satisfy the conditions specified in Rule 172 and, as a result thereof,
the Holders are required to deliver a Prospectus in connection with any disposition of Registrable Securities and take such other
actions as may be reasonably necessary to facilitate the registration of the Registrable Securities hereunder; and make available
to its security holders, as soon as reasonably practicable, but not later than the Availability Date (as defined below), an earnings
statement covering a period of at least twelve (12) months, beginning after the effective date of each Registration Statement,
which earnings statement shall satisfy the provisions of Section 11(a) of the 1933 Act, including Rule 158 promulgated thereunder
(for the purpose of this subsection 3(i), “Availability Date” means the 45th day following the end of the fourth
fiscal quarter that includes the effective date of such Registration Statement, except that, if such fourth fiscal quarter is
the last quarter of the Company’s fiscal year, “Availability Date” means the 90th day after the end of
such fourth fiscal quarter); and

 

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(j)
With a view to making available to the Holders the benefits of Rule 144 (or its successor rule) and any other rule or regulation
of the SEC that may at any time permit the Holders to sell shares of Common Shares to the public without registration, the Company
covenants and agrees to: (i) make and keep public information available, as those terms are understood and defined in Rule 144,
until the earlier of (A) such date as all of the Registrable Securities shall have been resold pursuant to a Registration Statement,
Rule 144 or otherwise in a transaction in which the transferee received unlegended shares, or (B) the date on which all of the
securities covered by this Agreement no longer constitute Registrable Securities, (ii) file with the SEC in a timely manner (including
any period provided by Rule 12b-25 under the 1934 Act) all reports and other documents required of the Company under the 1934
Act; and (iii) furnish to each Holder upon request, as long as such Holder owns any Registrable Securities, (A) a written statement
by the Company that it has complied with the reporting requirements of the 1934 Act, (B) a copy of the Company’s most recent
Annual Report on Form 10-K or Quarterly Report on Form 10-Q, and (C) such other information as may be reasonably requested in
order to avail such Holder of any rule or regulation of the SEC that permits the selling of any such Registrable Securities without
registration.

 

(k)
Due Diligence Review; Information. The Company shall make available, during normal business hours, for inspection and review
by the Holders, advisors to and representatives of the Holders (who may or may not be affiliated with the Holders and who are
reasonably acceptable to the Company), all financial and other records, all SEC Filings (as defined in the Exchange Agreement)
and other filings with the SEC, and all other corporate documents and properties of the Company as may be reasonably necessary
for the purpose of such review, and cause the Company’s officers, directors and employees, within a reasonable time period,
to supply all such information reasonably requested by the Holders or any such representative, advisor or underwriter in connection
with such Registration Statement (including, without limitation, in response to all questions and other inquiries reasonably made
or submitted by any of them), prior to and from time to time after the filing and effectiveness of the Registration Statement
for the sole purpose of enabling the Holders and such representatives, advisors and underwriters and their respective accountants
and attorneys to conduct initial and ongoing due diligence with respect to the Company and the accuracy of such Registration Statement.

 

The
Company shall not knowingly disclose material nonpublic information to the Holders, or to advisors to or representatives of the
Holders, unless prior to disclosure of such information the Company identifies such information as being material nonpublic information
and provides the Holders, such advisors and representatives with the opportunity to accept or refuse to accept such material nonpublic
information for review and any Holder wishing to obtain such information enters into an appropriate confidentiality agreement
with the Company with respect thereto.

 

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4.
Obligations of the Holders.

 

(a)
Each Holders shall furnish in writing to the Company such information regarding itself, the Registrable Securities held by it,
and the intended method of disposition of the Registrable Securities held by it, as shall be reasonably required to effect the
registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company
may reasonably request. At least five (5) Business Days prior to the first anticipated filing date of any Registration Statement,
the Company shall notify each Holder of the information the Company requires from such Holder if such Holder elects to have any
of the Registrable Securities included in the Registration Statement. A Holder shall provide such information to the Company at
least two (2) Business Days prior to the first anticipated filing date of such Registration Statement if such Holder elects to
have any of the Registrable Securities included in the Registration Statement. In the event that a Holder does not provide such
information on a timely basis, the Company shall provide prompt written notice to such Holder that the Registrable Securities
attributable to such Holder will be excluded from the Registration Statement unless such Holder provides the required information
within one (1) Business Day after its receipt of such notice. If such Holder does not provide the required information to the
Company by the end of the next Business Day after its receipt of such notice, the Company shall have the right to exclude the
Registrable Securities attributable to such Holder from the Registration Statement and any such Holder shall not be entitled to
receive any liquidated damages pursuant to the provisions of this Agreement with respect to such Registration Statement. Notwithstanding
anything in this Agreement to the contrary, any Holder that elects not to have any of its Registrable Securities included in the
Registration Statement, shall not be entitled to receive any liquidated damages pursuant to the provisions of this Agreement with
respect to such Registration Statement.

 

(b)
Each Holder, by its acceptance of the Registrable Securities agrees to cooperate with the Company as reasonably requested by the
Company in connection with the preparation and filing of a Registration Statement hereunder, unless such Holder has notified the
Company in writing of its election to exclude all of its Registrable Securities from such Registration Statement.

 

(c)
Each Holder agrees to reasonably cooperate with the Company’s efforts to procure legal opinions in the nature contemplated
by the definition of Registrable Securities by providing reasonable factual certifications, including providing such certificates
(unless Holder reasonably determines that it cannot make the applicable certifications) of the same tenor as provided in connection
with the Exchange Agreement.

 

(d)
Each Holder agrees that, upon receipt of any notice from the Company of either (i) the commencement of an Allowed Delay pursuant
to Section 2(c)(ii) or (ii) the happening of an event pursuant to Section 3(h) hereof, such Holder will immediately discontinue
disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until the Holder
is advised by the Company that such dispositions may again be made.

 

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5.
Indemnification.

 

(a)
Indemnification by the Company. The Company will indemnify and hold harmless each Holder and its respective officers, directors,
members, managers, partners, trustees, employees and agents and other representatives, successors and assigns, and each other
person, if any, who controls such Holder within the meaning of the 1933 Act, against any losses, claims, damages or liabilities,
joint or several, to which they may become subject under the 1933 Act or otherwise, insofar as such losses, claims, damages or
liabilities (or actions in respect thereof) arise out of or are based upon: (i) any untrue statement or alleged untrue statement
or omission or alleged omission of any material fact contained in any Registration Statement, any Prospectus, or any amendment
or supplement thereof; (ii) any blue sky application or other document executed by the Company specifically for that purpose or
based upon written information furnished by the Company filed in any state or other jurisdiction in order to qualify any or all
of the Registrable Securities under the securities laws thereof (any such application, document or information herein called a
“Blue Sky Application”); (iii) the omission or alleged omission to state in a Blue Sky Application a material
fact required to be stated therein or necessary to make the statements therein not misleading; (iv) any violation by the Company
or its agents of any rule or regulation promulgated under the 1933 Act applicable to the Company or its agents and relating to
action or inaction required of the Company in connection with such registration; or (v) any failure to register or qualify the
Registrable Securities included in any such Registration Statement in any state where the Company or its agents has affirmatively
undertaken or agreed in writing that the Company will undertake such registration or qualification on a Holder’s behalf
and will reimburse such Holder each such officer, director, member, manager, partner, trustee, employee and agent and each such
representative, successor and assign and each such controlling person for any legal or other expenses reasonably incurred by them
in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however,
that the Company will not be liable to any Holder or its respective officers, directors, members, managers, partners, trustees,
employees and agents and other representatives, successors and assigns and controlling persons, as applicable, in any such case
if and to the extent that any such loss, claim, damage or liability arises out of or is based upon an untrue statement or alleged
untrue statement or omission or alleged omission so made in conformity with information furnished by such Holder or any such controlling
person of such Holder in writing specifically for use in such Registration Statement or Prospectus.

 

(b)
Indemnification by the Holders. Each Holder agrees, severally but not jointly, to indemnify and hold harmless, to the fullest
extent permitted by law, the Company, its directors, officers, employees, stockholders and each person who controls the Company
(within the meaning of the 1933 Act) against any losses, claims, damages, liabilities and expense (including reasonable attorney
fees) resulting from any untrue statement of a material fact or any omission of a material fact required to be stated in the Registration
Statement or Prospectus or amendment or supplement thereto or necessary to make the statements therein not misleading, to the
extent, but only to the extent that such untrue statement or omission is contained in any information furnished in writing by
such Holder to the Company specifically for inclusion in such Registration Statement or Prospectus or amendment or supplement
thereto. In no event shall the liability of a Holder be greater in amount than the dollar amount of the proceeds (net of all expenses
paid by such Holder in connection with any claim relating to this Section 6 and the amount of any damages such Holder has otherwise
been required to pay by reason of such untrue statement or omission) received by such Holder upon the sale of the Registrable
Securities included in the Registration Statement giving rise to such indemnification obligation.

 

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(c)
Conduct of Indemnification Proceedings. Any person entitled to indemnification hereunder shall (i) give prompt notice to
the indemnifying party of any claim with respect to which it seeks indemnification and (ii) permit such indemnifying party to
assume the defense of such claim with counsel reasonably satisfactory to the indemnified party; provided that any person
entitled to indemnification hereunder shall have the right to employ separate counsel and to participate in the defense of such
claim, but the fees and expenses of such counsel shall be at the expense of such person unless (a) the indemnifying party has
agreed to pay such fees or expenses, or (b) the indemnifying party shall have failed to assume the defense of such claim and employ
counsel reasonably satisfactory to such person or (c) in the reasonable judgment of any such person, based upon written advice
of its counsel, a conflict of interest exists between such person and the indemnifying party with respect to such claims that
makes it inadvisable or improper under applicable legal ethics rules for one counsel to represent both the indemnifying party
and such person with respect to such claims (in which case, if the person notifies the indemnifying party in writing that such
person elects to employ separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right
to assume the defense of such claim on behalf of such person); and provided, further, that the failure of any indemnified
party to give notice as provided herein shall not relieve the indemnifying party of its obligations hereunder, except to the extent
that such failure to give notice shall materially adversely affect the indemnifying party in the defense of any such claim or
litigation. It is understood that the indemnifying party shall not, in connection with any proceeding in the same jurisdiction,
be liable for fees or expenses of more than one separate firm of attorneys at any time for all such indemnified parties. No indemnifying
party will, except with the consent of the indemnified party, consent to entry of any judgment or enter into any settlement that
does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release
from all liability in respect of such claim or litigation.

 

(d)
Contribution. If for any reason the indemnification provided for in the preceding paragraphs (a) and (b) is unavailable
to an indemnified party or insufficient to hold it harmless, other than as expressly specified therein, then the indemnifying
party shall contribute to the amount paid or payable by the indemnified party as a result of such loss, claim, damage or liability
in such proportion as is appropriate to reflect the relative fault of the indemnified party and the indemnifying party, as well
as any other relevant equitable considerations. No person guilty of fraudulent misrepresentation within the meaning of Section
11(f) of the 1933 Act shall be entitled to contribution from any person not guilty of such fraudulent misrepresentation. In no
event shall the contribution obligation of a holder of Registrable Securities be greater in amount than the dollar amount of the
proceeds (net of all expenses paid by such holder in connection with any claim relating to this Section 6 and the amount of any
damages such holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged
omission) received by it upon the sale of the Registrable Securities giving rise to such contribution obligation.

 

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6.
Miscellaneous.

 

(a)
Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may
be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent
of the Company and the Required Holders.

 

(b)
Notices. All notices and other communications provided for or permitted hereunder shall be made as follows: in the case
of notices to or from the Holders, as set forth in Section 8(g) of the Exchange Agreement.

 

(c)
Assignments and Transfers. The provisions of this Agreement shall be binding upon and inure to the benefit of the Holders
and their respective successors and assigns. A Holder may transfer or assign, in whole or from time to time in part, to one or
more persons its rights hereunder in connection with the transfer of Registrable Securities by such Holder to such person, provided
that such Holder complies with all laws applicable thereto and provides written notice of assignment to the Company promptly after
such assignment is effected.

 

(d)
Assignments and Transfers by the Company. This Agreement may not be assigned by the Company (whether by operation of law
or otherwise) without the prior written consent of the Required Holders; provided, however, that no consent of the Required
Holders shall be required in the event that the Company is a party to a merger, consolidation, share exchange or similar business
combination transaction in which the Common Shares are converted into the equity securities of another Person, from and after
the effective time of such transaction, and such Person shall, by virtue of such transaction, be deemed to have assumed the obligations
of the Company hereunder, in which case the term “Company” shall be deemed to refer to such Person and the term “Registrable
Securities” shall be deemed to include the securities received by the Holders in connection with such transaction unless
such securities are otherwise freely tradable by the Holders after giving effect to such transaction.

 

(e)
Benefits of the Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon
the respective successors and permitted assigns of the parties. Nothing in this Agreement, express or implied, is intended to
confer upon any party other than the parties hereto or their respective successors and permitted assigns any rights, remedies,
obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

(f)
Counterparts; Faxes. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. This Agreement may be delivered via facsimile or other
form of electronic communication, which shall be deemed an original.

 

(g)
Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered
in construing or interpreting this Agreement.

 

    	-11-

    	 

    

 

(h)
Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions
hereof but shall be interpreted as if it were written so as to be enforceable to the maximum extent permitted by applicable law,
and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. To the extent permitted by applicable law, the parties hereby waive any provision of law which renders
any provisions hereof prohibited or unenforceable in any respect.

 

(i)
Further Assurances. The parties shall execute and deliver all such further instruments and documents and take all such
other actions as may reasonably be required to carry out the transactions contemplated hereby and to evidence the fulfillment
of the agreements herein contained.

 

(j)
Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and intended to be
a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained
herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter.

 

(k)
Governing Law; Consent to Jurisdiction; Waiver of Jury Trial. This Agreement shall be governed by, and construed in accordance
with, the internal laws of the State of Delaware without regard to the choice of law principles thereof. Each of the parties hereto
irrevocably submits to the exclusive jurisdiction of the courts of the State of Delaware located in New Castle County and the
United States District Court for the District of Delaware for the purpose of any suit, action, proceeding or judgment relating
to or arising out of this Agreement and the transactions contemplated hereby. Service of process in connection with any such suit,
action or proceeding may be served on each party hereto anywhere in the world by the same methods as are specified for the giving
of notices under this Agreement. Each of the parties hereto irrevocably consents to the jurisdiction of any such court in any
such suit, action or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any objection to
the laying of venue of any such suit, action or proceeding brought in such courts and irrevocably waives any claim that any such
suit, action or proceeding brought in any such court has been brought in an inconvenient forum. EACH OF THE PARTIES HERETO
WAIVES ANY RIGHT TO REQUEST A TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO OR ARISING OUT OF THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY AND REPRESENTS THAT COUNSEL HAS BEEN CONSULTED SPECIFICALLY AS TO THIS WAIVER.

 

    	-12-

    	 

    

 

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

 

	 	COMPANY
	 	HOPTO
    INC.
	 	 	 
	 	By:	 
	 	 	Jean-Louis
                                         Casabonne

        Interim
        Chief Executive Officer, Chief Financial Officer, Secretary

 

[Signature
Pages of Holders Follow.]

 

(Signature
Page to Registration Rights Agreement - hopTo)

 

    	 

    	 

    

 

	 	HOLDERS

	 	 	 
	 	Special
    Situations Technology Fund LP
	 	 	 
	 	By:	 
	 	Name:	Adam
    Stettner
	 	Title:	Managing
    Partner
	 	 	 
	 	Special
    Situations Technology Fund II LP
	 	 	 
	 	By:	 
	 	Name:	Adam
    Stettner
	 	Title:	Managing
    Partner

 

	 	 	

        

	 	 	David R.
    Wilmerding III

 

	 	Jon
    C. Baker Family LLC
	 	 	 
	 	By:	 
	 	Name:	Jon
    C. Baker
	 	Title:	 

 

	 	JMI
    Holdings LLC (2011 Family Series)
	 	 	 
	 	By:	 
	 	Name:	Charles
    E. Noell
	 	Title:	Managing
    Member

 

	 	London
    Family Trust
	 	 
	 	By:	 
	 	Name:	Robert
    S. London
	 	Title:	Trustee

 

	 	 	 
	 	 	Neil
    Goldman

 

	 	Wall
    Street Capital Partners, L.P 
	 	 	 
	 	By:	 
	 	Name:	Jeffrey
    Kone
	 	Title:	Managing
    Member

 

(Signature
Page to Registration Rights Agreement)

 

    	 

    	 

    

 

Exhibit
A

 

Plan
of Distribution

 

The
selling stockholders, which as used herein includes donees, pledgees, transferees or other successors-in-interest selling shares
of common stock or interests in shares of common stock received after the date of this prospectus from a selling stockholder as
a gift, pledge, partnership distribution or other transfer, may, from time to time, sell, transfer or otherwise dispose of any
or all of their shares of common stock or interests in shares of common stock on any stock exchange, market or trading facility
on which the shares are traded or in private transactions. These dispositions may be at fixed prices, at prevailing market prices
at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale, or at
negotiated prices.

 

The
selling stockholders may use any one or more of the following methods when disposing of shares or interests therein:

 

	 	–	ordinary
    brokerage transactions and transactions in which the broker-dealer solicits purchasers;
	 	 	 
	 	–	block
    trades in which the broker-dealer will attempt to sell the shares as agent, but may position and resell a portion of the block
    as principal to facilitate the transaction;
	 	 	 
	 	–	purchases
    by a broker-dealer as principal and resale by the broker-dealer for its account;
	 	 	 
	 	–	an
    exchange distribution in accordance with the rules of the applicable exchange;
	 	 	 
	 	–	privately
    negotiated transactions;
	 	 	 
	 	–	short
    sales effected after the date the registration statement of which this Prospectus is a part is declared effective by the SEC;
	 	 	 
	 	–	through
    the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;
	 	 	 
	 	–	broker-dealers
    may agree with the selling stockholders to sell a specified number of such shares at a stipulated price per share;
	 	 	 
	 	–	a
    combination of any such methods of sale; and
	 	 	 
	 	–	any
    other method permitted by applicable law.

 

The
selling stockholders may, from time to time, pledge or grant a security interest in some or all of the shares of common stock
owned by them and, if they default in the performance of their secured obligations, the pledgees or secured parties may offer
and sell the shares of common stock, from time to time, under this prospectus, or under an amendment to this prospectus under
Rule 424(b)(3) or other applicable provision of the Securities Act amending the list of selling stockholders to include the pledgee,
transferee or other successors in interest as selling stockholders under this prospectus. The selling stockholders also may transfer
the shares of common stock in other circumstances, in which case the transferees, pledgees or other successors in interest will
be the selling beneficial owners for purposes of this prospectus.

 

    	 

    	 

    

 

In
connection with the sale of our common stock or interests therein, the selling stockholders may enter into hedging transactions
with broker-dealers or other financial institutions, which may in turn engage in short sales of the common stock in the course
of hedging the positions they assume. The selling stockholders may also sell shares of our common stock short and deliver these
securities to close out their short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these
securities. The selling stockholders may also enter into option or other transactions with broker-dealers or other financial institutions
or the creation of one or more derivative securities which require the delivery to such broker-dealer or other financial institution
of shares offered by this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this
prospectus (as supplemented or amended to reflect such transaction).

 

The
aggregate proceeds to the selling stockholders from the sale of the common stock offered by them will be the purchase price of
the common stock less discounts or commissions, if any. Each of the selling stockholders reserves the right to accept and, together
with their agents from time to time, to reject, in whole or in part, any proposed purchase of common stock to be made directly
or through agents. We will not receive any of the proceeds from this offering.

 

The
selling stockholders also may resell all or a portion of the shares in open market transactions in reliance upon Rule 144 under
the Securities Act, provided that they meet the criteria and conform to the requirements of that rule.

 

The
selling stockholders and any underwriters, broker-dealers or agents that participate in the sale of the common stock or interests
therein may be “underwriters” within the meaning of Section 2(11) of the Securities Act. Any discounts, commissions,
concessions or profit they earn on any resale of the shares may be underwriting discounts and commissions under the Securities
Act. Selling stockholders who are “underwriters” within the meaning of Section 2(11) of the Securities Act will be
subject to the prospectus delivery requirements of the Securities Act.

 

To
the extent required, the shares of our common stock to be sold, the names of the selling stockholders, the respective purchase
prices and public offering prices, the names of any agents, dealer or underwriter, any applicable commissions or discounts with
respect to a particular offer will be set forth in an accompanying prospectus supplement or, if appropriate, a post-effective
amendment to the registration statement that includes this prospectus.

 

In
order to comply with the securities laws of some states, if applicable, the common stock may be sold in these jurisdictions only
through registered or licensed brokers or dealers. In addition, in some states the common stock may not be sold unless it has
been registered or qualified for sale or an exemption from registration or qualification requirements is available and is complied
with.

 

    	 

    	 

    

 

We
have advised the selling stockholders that the anti-manipulation rules of Regulation M under the Securities Exchange Act of 1934
(the “Exchange Act”) may apply to sales of shares in the market and to the activities of the selling stockholders
and their affiliates. In addition, to the extent applicable we will make copies of this prospectus (as it may be supplemented
or amended from time to time) available to the selling stockholders for the purpose of satisfying the prospectus delivery requirements
of the Securities Act. The selling stockholders may indemnify any broker-dealer that participates in transactions involving the
sale of the shares against certain liabilities, including liabilities arising under the Securities Act.

 

We
have agreed to indemnify the selling stockholders against liabilities, including liabilities under the Securities Act and state
securities laws, relating to the registration of the shares offered by this prospectus.

 

We
have agreed with the selling stockholders to keep the registration statement of which this prospectus constitutes a part effective
until the earlier of (1) such time as all of the shares covered by this prospectus have been disposed of pursuant to and in accordance
with the registration statement, Rule 144 under the 1933 Act, or otherwise in a transaction in which the transferee received unlegended
securities, and (2) the date on which all of the securities covered hereby are freely tradable without restriction and are replaced
with certificates not bearing restrictive legends.WARRANT
EXCHANGE AGREEMENT

 

This
WARRANT EXCHANGE AGREEMENT, dated as of May 21, 2018 (this “Agreement”), between HopTo Inc.,
a Delaware corporation (the “Company”), and the other persons whose names appear on the signature pages attached
hereto (each a “Holder”), and collectively, the “Holders”)

 

RECITALS

 

WHEREAS,
each Holder owns the warrants set forth opposite its name on Schedule I attached hereto (the “Existing Warrants”)
to purchase shares of Common Stock, $0.0001 par value (“Common Stock”), of the Company issued pursuant to the
Exercise Agreement, dated as of June 17, 2013, and Purchase Agreement, dated as of January 7, 2014, by and between the Company
and each Holder, as applicable;

 

WHEREAS,
the Company and each Holder, as applicable, entered into Registration Rights Agreements dated June 14, 2013 and January 7, 2014
(the “Existing Registration Rights Agreements”) whereby the Company agreed to pay the Holders liquidated damages
(as described in the Existing Registration Rights Agreements) if sales of the shares of Common Stock underlying the Existing Warrants
cannot made pursuant to a Registration Statement;

 

WHEREAS,
the Company and each Holder desire to exchange (the “Exchange”) all of the Existing Warrants for new warrants
(the “New Warrants”) entitling the Holder to purchase the number of shares of Common Stock set forth opposite
its name on Schedule I (the “Warrant Shares” and together with the New Warrants, the “Securities”);

 

WHEREAS,
to effect the Exchange, each Holder will surrender the Existing Warrants in exchange for New Warrants in a manner expected to
be exempt from registration under United States securities laws pursuant to Section 3(a)(9) of the Securities Act of 1933, as
amended (the “1933 Act”); and

 

WHEREAS,
in connection with the Exchange, the Holders will agree to the full release and termination of claims for damages arising from
the Existing Registration Rights Agreements;

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the premises and the mutual agreements and covenants hereinafter set forth, and for other good
and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Company and each Holder, severally,
and not jointly, hereby agree as follows:

 

1.
Exchange Terms. Subject to the terms and conditions hereof the Company and each Holder, severally and not jointly,
agree as follows:

 

(a)
Exchange. On the basis of the representations, warranties and agreements herein contained, but subject to the terms and
conditions herein set forth, at the Closing (as defined below), (i) each Holder shall cause to be validly and irrevocably surrendered
for exchange and cancellation the Existing Warrants held by such Holder and (ii) the Company shall cause the New Warrants as set
forth on Schedule I to be duly issued, executed, and delivered by the Company in substantially the form attached hereto
as Exhibit A.

 

(b)
Consideration. In exchange for each Existing Warrant properly exchanged, each Holder will receive the New Warrants as set
forth on Schedule I.

 

(c)
Registration Rights Agreement. The Company and each Holder shall, at the Closing, enter into a registration rights agreement
in substantially in the form of Exhibit B hereto (the “Registration Rights Agreement,” and together with the
New Warrants and this Agreement, the “Transaction Documents”).

 

    	1

    	 

    

 

(d)
Legal Opinion. The Company shall procure a legal opinion from Manatt, Phelps & Phillips, LLP or other counsel of its
choice (the “Legal Opinion”) to be delivered to, and only to, the Company’s stock transfer agent, and only for
its reliance, to remove the 1933 Act restrictive legend on all Common Shares currently held at Closing by the Holders as set forth
on Schedule II (the “Current Stock”), provided, however, that each Holder shall provide a certificate in the form
and substance previously provided to such Holder (collectively, the “Holder Certificate”) and such other factual
confirmations as may reasonably be requested. Promptly following July 28, 2018, the Company agrees to procure a second legal opinion
for any Current Stock purchased by a Holder from the Company pursuant to the Purchase Agreement dated as of July 24, 2015 and
issued on July 28, 2015, provided, however, that each Holder shall provide a new Holder Certificate dated as of a date not earlier
than July 28, 2019. If a Holder revokes or in any way disavows any part of its Holder Certificate or the Company’s counsel
reasonably determines (whether due to change in law, policy or market practice) that the Holder Certificate is materially inaccurate
or that it no longer provides an adequate legal basis for the Legal Opinion, the Company will so notify the Holder, who will then
promptly submit the Current Stock to the Company’s transfer agent for re-imposition of the 1933 Act restrictive legend.

 

(e)
Closing. The closing of the Exchange (the “Closing”) shall take place at the offices of Manatt, Phelps
& Phillips, LLP, 11355 West Olympic Boulevard, Los Angeles, California 90064 within three business days of the execution and
delivery of this Agreement by each of the parties hereto, provided that all of the conditions set forth in Section 4
have been satisfied or waived, or at such time and place as the parties hereto shall agree.

 

2.
Representations and Warranties of the Company. The Company represents and warrants to, and agrees with, each Holder
that:

 

(a)
Organization and Qualification. The Company is an entity duly incorporated or otherwise organized, validly existing and
in good standing under the laws of the jurisdiction of its incorporation or organization (as applicable), with the requisite power
and authority to own and use its properties and assets and to carry on its business as currently conducted. The Company is duly
qualified to conduct business and is in good standing as a foreign corporation or other entity in each jurisdiction in which the
nature of the business conducted or property owned by it makes such qualification necessary, except where the failure to be so
qualified or in good standing, as the case may be, could not have or reasonably be expected to result in (i) a material adverse
effect on the legality, validity or enforceability of any Transaction Document, (ii) a material adverse effect on the results
of operations, assets, business, prospects or condition (financial or otherwise) of the Company, taken as a whole, or (iii) a
material adverse effect on the Company’s ability to perform in any material respect on a timely basis its obligations under
any Transaction Document (any of (i), (ii) or (iii), a “Material Adverse Effect”).

 

(b)
Authorization; Enforcement. The Company has the requisite corporate power and authority to enter into and to consummate
the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder
and has taken all corporate action necessary therefor. Each Transaction Document to which the Company is a party has been (or
upon the execution and delivery thereof by the Company will have been) duly executed by the Company and, when delivered in accordance
with the terms hereof and thereof, will constitute the valid and binding obligation of the Company enforceable against the Company
in accordance with its terms, except (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization,
moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by
laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as
indemnification and contribution provisions may be limited by applicable law.

 

(c)
Issuance of Shares. The Warrant Shares have been duly authorized and, when issued and paid for in accordance with the applicable
Transaction Documents, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens. The Company
has reserved from its duly authorized capital stock a number of Common Shares for issuance of the Warrant Shares.

 

    	2

    	 

    

 

(d)
No Conflicts. The execution, delivery and performance of the Transaction Documents by the Company and the consummation
by the Company of the other transactions contemplated hereby and thereby, do not and will not: (i) conflict with or violate any
provision of the Company’s certificate or articles of incorporation, bylaws or other organizational or charter documents,
or (ii) conflict with, or constitute a default (or an event that with notice or lapse of time or both would become a default)
under, result in the creation of any Lien upon any of the properties or assets of the Company, or give to others any rights of
termination, amendment, acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement, credit
facility, debt or other instrument (evidencing a Company debt or otherwise) or other understanding to which the Company is a party
or by which any property or asset of the Company is bound, or (iii) subject to the Required Approvals, conflict with or result
in a violation of any law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Company is subject (including federal and state securities laws and regulations), or by which any property
or asset of the Company is bound; except in the case of each of clauses (ii) and (iii), such as could not have and would not reasonably
be expected to result in a Material Adverse Effect. Holder agrees that, to the extent Holder is a party to any agreement with
the Company as to which a consent would be needed to make the representations in this Section 2 true, Holder is deemed to have
given such consent.

 

(e)
No Brokers. The Company has taken no action which would give rise to any claim by any person for brokerage commissions,
transaction fees or similar payments relating to this Agreement or the transactions contemplated hereby, except for any such fee
or commission paid solely by the Company.

 

(f)
No Investment Company. The Company is not, and is not an affiliate of, and immediately after receipt of payment for the
Securities, will not be or be an affiliate of, an “investment company” within the meaning of the Investment Company
Act of 1940, as amended.

 

(g)
Filings, Consents and Approvals. The Company is not required to obtain any consent, waiver, authorization or order of,
give any notice to, or make any filing or registration with, any court or other federal, state, local or other governmental authority
or other Person in connection with the execution of, delivery and performance by the Company of the Transaction Documents, other
than (i) filings with the Commission of the registration statement and the Form 8-K related to this Agreement and (ii) the notice
and/or application(s) to each applicable trading market for the issuance and sale of the Securities (collectively, the “Required
Approvals”). Subject to the accuracy of the representations and warranties of each Holder set forth in Section 2 hereof,
the Company has taken all action necessary to exempt (i) the issuance and sale of the Securities, (ii) the issuance of the New
Warrants upon due exercise of the New Warrants, and (iii) the other transactions contemplated by the Transaction Documents from
the provisions of any stockholder rights plan or other “poison pill” arrangement, any anti-takeover, business combination
or control share law or statute binding on the Company or to which the Company or any of its assets and properties may be subject
and any provision of the Company’s Certificate of Incorporation or Bylaws that is or could reasonably be expected to become
applicable to the Holders as a result of the transactions contemplated hereby, including without limitation, the issuance of the
Securities and the ownership, disposition or voting of the Securities by the Holders or the exercise of any right granted to the
Holders pursuant to this Agreement or the other Transaction Documents.

 

(h)
OTCBB Compliance. The Common Stock is registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 and is
quoted on The OTC Bulletin Board quotation service (the “OTCBB”), and the Company has taken no action designed
to, or likely to have the effect of, terminating the registration of the Common Stock under the Exchange Act or removal from quotation
of the Common Stock from the OTCBB, nor has the Company received any notification that the SEC, the OTCBB or FINRA is contemplating
terminating such registration or quotation.

 

    	3

    	 

    

 

3.
Representations and Warranties of the Holder. Each Holder represents and warrants to, and agrees with the Company
that:

 

(a)
Investment Purpose. The Securities to be acquired by such Holder are being acquired for investment for such Holder’s
own account, not as a nominee or agent, and not with a view to the resale or distribution of any part thereof in violation of
the 1933 Act, and such Holder has no present intention of selling, granting any participation in, or otherwise distributing the
same in violation of the 1933 Act. Such Holder does not presently have any contract, undertaking, agreement or arrangement with
any person to sell, transfer or grant participations to such person or to any third person, with respect to any of the Securities
in violation of the 1933 Act. Such Holder has not been formed for the specific purpose of acquiring the Securities.

 

(b)
Accredited Investor Status. Such Holder is an “accredited investor,” as that term is defined in Rule 501(a)
of Regulation D promulgated under the 1933 Act (an “Accredited Investor”). Such Holder is not a “bad
actor” as defined in Rule 506(d).

 

(c)
Information. Such Holder and its advisors, if any, have been furnished with all materials relating to the business, financial
condition, results of operations, management and operations of the Company and materials relating to the offer and sale of the
Securities which have been requested by such Holder or its advisors, and considered all factors such Holder deems material in
deciding on the advisability of investing the Securities. Such Holder and its advisors, if any, have been afforded the opportunity
to ask questions of the Company. Notwithstanding the foregoing representations, neither such inquiries nor any other due diligence
investigation conducted by Holder or any of its advisors or representatives shall modify, amend or affect Holder’s right
to rely on the Company’s representations and warranties contained in Section 2 above.

 

(d)
Authorization; Enforcement. Each Transaction Document to which such Holder is a party: (i) has been duly and validly authorized
by such Holder, (ii) has been duly executed and delivered by or on behalf of such Holder, and (iii) will constitute, upon execution
and delivery by such Holder thereof and the Company, the valid and binding agreements of such Holder enforceable in accordance
with their terms, except to the extent limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws
of general application affecting enforcement of creditors’ rights and general principles of equity that restrict the availability
of equitable or legal remedies.

 

(e)
Residency. If such Holder is an individual, then such Holder resides in the state or province identified in the address
of such Holder set forth on the signature pages hereto. If such Holder is a partnership, corporation, limited liability company
or other entity, then the office or offices of such Holder in which its principal place of business is identified in the address
or addresses of such Holder set forth on the signature pages hereto and such entity is duly organized and in good standing under
the laws of the jurisdiction of its formation.

 

4.
Conditions to Closing.

 

(a)
Conditions to the Obligations of the Company. The obligations of the Company to consummate the transactions contemplated
by this Agreement are subject to the satisfaction or waiver, at or before the Closing, of each of the following conditions:

 

(i)
Representations and Warranties. The representations and warranties of the Holder set forth in this Agreement that are qualified
as to materiality shall be true and correct in all respects, and those that are not so qualified shall be true and correct in
all material respects, on and as of the date hereof and on and as of the Closing as though made on and as of the Closing, other
than for such failures to be true and correct, that individually and in the aggregate, would not reasonably be expected to have
a material adverse effect on the Holder’s ability to perform its obligations under this Agreement.

 

(ii)
Performance of Agreements. The Holder shall have performed and complied in all material respects with each agreement and
obligation required by this Agreement to be performed or complied with by the Holder on or prior to the Closing.

 

(iii)
Closing Deliveries. The Holder shall have made the deliveries required to be made by it under Section 1.

 

    	4

    	 

    

 

(b)
Conditions to the Obligations of the Holder. The obligations of the Holder to consummate the transactions contemplated
by this Agreement are subject to the satisfaction or waiver, at or before the Closing, of each of the following conditions:

 

(i)
Representations and Warranties. The representations and warranties of the Company set forth in this Agreement that are
qualified as to materiality shall be true and correct in all respects, and those that are not so qualified shall be true and correct
in all material respects, on and as of the date hereof and on and as of the Closing as though made on and as of the Closing, other
than for such failures to be true and correct, that individually and in the aggregate, would not reasonably be expected to have
a material adverse effect on the Company’s ability to perform its obligations under this Agreement.

 

(ii)
Performance of Agreements. The Company shall have performed and complied in all material respects with each agreement and
obligation required by this Agreement to be performed or complied with by the Company on or prior to the Closing.

 

(iii)
Closing Deliveries. The Company shall have made the deliveries or registrations, as applicable, required to be made by
it under Section 1.

 

5.
Release. Upon Closing, such Holder, on behalf of itself and its agents, employees, officers, directors, partners,
controlling persons and affiliates and their successors and assigns (collectively, “Releasor”), to the maximum
extent permitted by law, hereby FOREVER RELEASES AND DISCHARGES the Company and its shareholders, officers, directors, agents,
employees, controlling persons and affiliates (collectively, the “Releasees”) from any and all claims, demands,
damages, debts, liabilities, obligations, costs, expenses (including attorneys’ and accountants’ fees and expenses),
actions and causes of any nature whatsoever arising from, connected with, and/or relating to the Existing Registration Rights
Agreements and any and all actual or alleged Registration Defaults occurring or existing on or prior to the execution of this
Agreement, including without limitation, all damages (including liquidated damages, consequential damages, and/or lost profits)
that are due or could be alleged to be due in connection with any Registration Defaults under or in connection with the Existing
Registration Rights Agreements or under any other similar agreements providing for registration of Holder’s securities by
the Company (the “Released Matters”). For avoidance of doubt, and without limitation, the Released Matters
includes the liability shown on the Company’s financial statements and/or notes filed with its Annual Report on Form 10-K
for the year ended December 31, 2017, in connection with alleged Registration Defaults, which liability is, insofar as it relates
to any securities of the Company owned by Releasor, hereby fully released by Releasor. The foregoing release includes claims of
which are accrued or unaccrued, liquidated or unliquidated, and also includes all claims that Releasor is presently unaware of
or which the Releasor does not presently suspect to exist, which, if known by the Releasor, would materially affect the release
provided in this section of the Holder’s decision to enter into the transactions set forth herein. For all claims, regardless
of legal theory, and whether based in contract, tort, securities, or other law, the Releasor, to the extent applicable, specifically
waives California Civil Code Section 1542 and statutes substantially similar in substance thereto, which provides as follows:

“A
GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME
OF EXECUTING THE RELEASE WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.”

In
this connection and to the extent permitted by law, the Releasor hereby agrees, realizes and acknowledges that factual matters
now unknown to the Releasor may have given or may hereafter give rise to causes of action, claims, demands, debts, controversies,
damages, costs, losses and expenses which are presently unknown, unanticipated and unsuspected, and the Releasor further agrees
that the waivers and releases herein have been negotiated and agreed upon in light of that realization and that the Releasor nevertheless
hereby intends to release, discharge and acquit the Releasees from any such unknown causes of action, claims, demands, debts,
controversies, damages, costs, losses and expenses.

 

    	5

    	 

    

 

It
is the intention of the Releasor and Releasees in executing this Agreement with the releases set forth in this Section 5,
and in receiving New Warrants under this Agreement, that the releases contained in this Section 5 shall be effective as
a full and final general release of and from all Released Matters and the final resolution by such Releasor and Releasees of all
Released Matters. For the avoidance of doubt, the release set forth in this Section 5 is irrevocable and unconditional,
regardless of whether the Company may later breach this Agreement.

 

“Registration
Defaults” means any failures by or on behalf of the Company to file registration statements, obtain or maintain the
effectiveness of registration statements, or to keep registration statements up to date, usable or available, or allowing any
registration statements to lapse for any reason. Registration Defaults also include any other failure, action or default which,
under the applicable agreement, by its terms gives rise to liquidated damages. For purposes of this definition, registration statements
shall be read broadly and includes all prospectuses included therein and all amendments or supplements related to either such
registration statement or prospectus, and also includes all documents that needed to be incorporated in such registration statements
or prospectus by reference.

 

6.
Termination of Liquidated Damages Covenants. The Holders agree that any and all covenants made by the Company to
or for the benefit of Holder which provide for the payment of any liquidated damages (or damages that are stated in a specific
amount or by a specific formula) and that are contained in the Existing Registration Rights Agreements (or in any other similar
agreements between the Holder and the Company) are hereby irrevocably terminated without any liability to the Company and shall
have no force or effect. For avoidance of doubt, a breach that, prior to the effectiveness of this Section 6, would have given
rise to liquidated damages shall hereafter give rise to such remedy, if any, as the law of contracts would require where there
is no agreement as to liquidated damages arising from such breach.

 

7.
Survival. The representations, warranties, covenants and agreements of contained in this Agreement shall survive
the Closing of the transactions contemplated by this Agreement until the third anniversary hereof.

 

8.
General

 

(a)
Entire Agreement. This Agreement contains all of the agreements, covenants, terms, conditions and representations and warranties
agreed upon by the parties relating to the subject matter hereof and supersedes all prior and contemporaneous agreements, negotiations,
correspondence, undertakings, representations, warranties and communications of any kind between the parties and their representatives,
whether oral or written, respecting such subject matter.

 

(b)
Successors and Assigns. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties
hereto and their respective legal representatives, successors and assigns; provided, that no party may assign, delegate
or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of each other party
hereto.

 

(c)
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware
without regard to principles of conflicts of laws.

 

(d)
Counterparts; Effectiveness. This Agreement may be executed and delivered (including by electronic or facsimile transmission)
in one or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed shall be
deemed to be an original but all of which taken together shall constitute one and the same agreement.

 

(e)
Severability. If a court of competent jurisdiction rules that any provision of this Agreement is invalid, illegal or incapable
of being enforced by any rule of law or public policy, the parties agree that this Agreement shall be considered severable and
divisible, and a reviewing court shall have the authority to amend or “blue pencil” this Agreement so as to make it
fully valid and enforceable.

 

    	6

    	 

    

 

(f)
Expenses. All fees and expenses incurred in connection with the transactions contemplated hereby shall be the responsibility
of the respective party incurring such fees and expenses.

 

(g)
Notices. All notices and other communications provided for or permitted hereunder shall be in writing and shall be made
by (a) United States registered or certified mail (return receipt requested), postage prepaid, in an envelope properly sealed,
(b) a facsimile transmission where written acknowledgment of receipt of such transmission is received and a copy of the transmission
is mailed with postage prepaid or (c) a nationally recognized overnight delivery service, in each case as follows:

 

	 	If
                                         to Company:

        hopTo
        Inc.

        6 Loudon Road, Suite 200

        Concord, New Hampshire 03301

         

        with
        a copy (which shall not constitute notice) to:

        

        Manatt, Phelps & Phillips, LLP

        11355 West Olympic Boulevard

        Los Angeles, California 90064

        Attention: Ben Orlanski, Esq.

        

	 	If
                                         to Holder:

        To
        the address under the Holder’s name on Schedule I hereto

 

(h)
Remedies; Limitations.

 

(i)
The parties agree that irreparable damage would occur in the event that any of the provisions of this Agreement were not performed
in accordance with their specific terms or were otherwise breached. It is accordingly agreed that, in addition to being entitled
to exercise all rights provided herein or granted by law, including recovery of damages, the Company, on the one hand, and the
Holder, on the other hand, will be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement. The parties agree to waive in any action for specific performance of
any such obligation (other than in connection with any action for a temporary restraining order) the defense that a remedy at
law would be adequate.

 

(ii)
Notwithstanding anything to the contrary herein, in any action, suit, claim or other proceeding hereunder or otherwise in connection
with the transactions contemplated hereby, whether pursuant to claims under contract, tort, indemnification or any other theory,
no party shall seek or be entitled to, and each party hereby knowingly and expressly disclaims the right to assert or receive,
damages other than direct damages. In furtherance of the foregoing, the parties expressly disclaim, and shall not be entitled
to recover, any indirect, incidental, special, exemplary, punitive or consequential damages or any damages measured by or based
on diminution of value, lost profits, a multiple of earnings and/or future value of the New Warrants.

 

*
* * * *

 

    	7

    	 

    

 

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

 

	 	COMPANY
	 	 
	 	hopTo
    Inc., a Delaware corporation
	 	 	 
	 	By:	
	 	Name:
    	Jean-Louis
    Casabonne
	 	Its:
    	Interim
    Chief Executive Officer

 

[Signatures Continue on Following Pages]

 

    	 

    	 

    

 

	 	HOLDERS
	 	 	 
	 	Special
    Situations Technology Fund LP
	 	 	 
	 	By:	 
	 	Name:
    	Adam
    Stettner
	 	Title:
    	Managing
    Partner
	 	 	 
	 	Special
    Situations Technology Fund II LP
	 	 	 
	 	By:	 
	 	Name:
    	Adam
    Stettner
	 	Title:
    	Managing
    Partner
	 	 	 
	 	 	 
	 	 	David R. Wilmerding III
	 	 	 
	 	Jon
    C. Baker Family LLC
	 	 	 
	 	By:	 
	 	Name:
    	Jon
    C. Baker
	 	Title:
    	 
	 	 	 
	 	JMI
    Holdings LLC (2011 Family Series)
	 	 	 
	 	By:	 
	 	Name:
    	Charles
    E. Noell 
	 	Title:
    	Managing
    Member
	 	 	 
	 	London
    Family Trust
	 	 	 
	 	By:	 
	 	Name:	Robert
S. London
	 	Title:
    	Trustee
	 	 	 
	 	 	 
	 	 	Neil
    Goldman
	 	 	 
	 	Wall
    Street Capital Partners, L.P
	 	 	 
	 	By:	 
	 	Name:	Jeffrey
    Kone
	 	Title:	Managing
    Member

 

(Signature Page to Exchange Agreement)

 

    	 	 	 

    	 

    

 

SCHEDULE
I

 

Exchange

 

	Holder	 	Amount of

    Existing 

    Warrants to be

    Exchanged	 	 	Amount of New

    Warrants to be

    Issued	 	 	Amount of Shares of

    Common Stock

    Issuable upon

    exercise of New

    Warrants	 
	Special Situations Technology Fund LP 
	 	 	12,667	 	 	 	21,208	 	 	 	21,208	 
	Special Situations Technology Fund II LP 
	 	 	79,000	 	 	 	132,269	 	 	 	132,269	 
	David R. Wilmerding, III 
	 	 	100,000	 	 	 	116,274	 	 	 	116,274	 
	Jon C. Baker Family, LLC	 	 	83,333	 	 	 	116,845	 	 	 	116,845	 
	JMI Holdings, LLC	 	 	111,111	 	 	 	94,739	 	 	 	94,739	 
	London Family Trust	 	 	25,000	 	 	 	48,896	 	 	 	48,896	 
	Neal Goldman	 	 	127,776	 	 	 	30,466	 	 	 	30,466	 
	Wall Street Capital Partners, L.P.	 	 	26,667	 	 	 	3,859	 	 	 	3,859	 

 

    	 	 	 

    	 

    

 

SCHEDULE
II

 

Current
Stock

 

	Holder
	 	Aggregate

Number Existing

 Shares To Be

 Delegended
	 	 	Shares
To Be

 Delegended Upon

 Execution Of

 Agreement
	 	 	Shares
To Be

 Delegended

 July 28, 2018
	 
	Special Situations Technology Fund LP	 	 	130,426	 	 	 	47,859	 	 	 	82,567	 
	Special Situations Technology Fund II LP	 	 	628,754	 	 	 	298,476	 	 	 	330,278	 
	David R. Wilmerding, III	 	 	390,000	 	 	 	166,667	 	 	 	223,333	 
	Jon C. Baker Family, LLC	 	 	393,733	 	 	 	166,667	 	 	 	227,066	 
	JMI Holdings, LLC	 	 	841,493	 	 	 	222,222	 	 	 	619,271	 
	London Family Trust	 	 	0	 	 	 	0	 	 	 	0	 
	Neal Goldman IRA Rollover	 	 	33,333	 	 	 	33,333	 	 	 	0	 
	Wall Street Capital Partners, L.P.	 	 	0	 	 	 	0	 	 	 	0	 

 

    	 	 	 

    	 

    

 

EXHIBIT
A

 

Form
of Warrant

 

    	 	 	 

    	 

    

 

EXHIBIT
B

 

Registration
Rights Agreement

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