Document:

EXHIBIT 10.27

 

SUBSCRIPTION AGREEMENT

 

Players Network

1771 East Flamingo Road suite 201A

Las Vegas, Nevada 89119

 

Gentlemen:

 

The undersigned understands
that Players Network, a Nevada corporation (the "Company"), is offering for sale shares of its common stock, par
value $.001 per share ("Shares") set on the terms and conditions set forth in this Subscription Agreement. The
undersigned further understands that the offer and sale of the Shares being made without registration under the Securities Act
of 1933, as amended (the "Securities Act").

 

1.        
1.1        
Authorization. On or prior to the Closing, the Company shall have authorized: (a) the sale and issuance to
the Purchaser of the Shares (collectively, the “Securities”); and (b) the sale and issuance of the shares of
Common Stock. The closing shall occur upon mutual execution of this Agreement and the undersigned tendering of the purchase price.

 

2.        
1.2        
Sale and Issuance. Subject to the terms and conditions set forth in this Agreement, the Purchaser agrees to purchase
at the Closing, and the Company agrees to sell and issue to the Purchaser at the Closing, for an aggregate purchase price of Fifty
Thousand Dollars ($ 50,000,00), that number of Shares equal to 2,500,000 ($.02).

 

3.        
1.3        
Acceptance of Subscription and Issuance of the Securities. It is understood and agreed that the Company shall
have the right to accept or reject this subscription in its sole discretion. Notwithstanding anything in this Agreement to the
contrary, the Company shall have no obligation to sell any Securities to any person who is a resident of a jurisdiction in which
the sale or issuance of the Securities would constitute a violation of the securities, "blue sky" or other similar laws
of such jurisdiction (collectively referred to as the "State Securities laws").

 

4.        
1.4        
Payment for the Securities. At the Closing the Company shall deliver to the Purchaser a certificate or certificates,
registered in the name of the Purchaser as set forth in Schedule 2.4, representing the shares of Common Stock and a certificate,
substantially in the form of Exhibit A, representing the Warrant that the Purchaser is purchasing, against the purchase
price therefor.

 

5.        
1.5        
Representations and Warranties of the Company. The Company represents and warrants that:

 

(a) Organization, Good Standing and
Qualification. The Company is a corporation duly organized, validly existing and in good standing under the laws of the State
of Nevada and has all requisite corporate power and authority to own and operate its properties and to carry on its business as
now conducted and as proposed to be conducted. The Company is duly qualified to transact business and is in good standing in each
jurisdiction in which qualification is required, except where the failure to so qualify, individually or in the aggregate, would
not have a Material Adverse Effect.

 

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(b) Capitalization. The authorized
capital of the Company consists, or will consist immediately prior to the Closing, of (a) 25,000,000 shares of Preferred Stock,
par value $0.001 (the "Preferred Stock"), of which (i) 2,000,000 shares have been designated Series A Preferred Stock,
and (ii) 8,600,000 shares have been designated Series B Preferred Stock, none of which are outstanding and (b) 600,000,000 shares
of common stock, par value $0.001 ("Common Stock"), of which approximately 165,000,000 shares are issued and outstanding.
No Person has any right of first refusal, preemptive right, right of participation, or any similar right to participate in the
transactions contemplated by the Transaction Documents. As of the Closing Date, except as a result of the purchase and sale of
the Securities and for stock options issued by the Company to its employees, directors and consultants, there are no outstanding
options, warrants, script rights to subscribe to, calls or commitments of any character whatsoever relating to, or securities,
rights or obligations convertible into or exchangeable for, or giving any Person any right to subscribe for or acquire, any shares
of Common Stock, or contracts, commitments, understandings or arrangements by which the Company is or may become bound to issue
additional shares of Common Stock or securities convertible into or exercisable for shares of Common Stock. All of the outstanding
shares of capital stock of the Company are validly issued, fully paid and non-assessable, have been issued in compliance with all
U.S. federal and state securities laws, and none of such outstanding shares was issued in violation of any preemptive rights or
similar rights to subscribe for or purchase securities.

 

(c) SEC Reports; Financial Statements.
The Company has filed all required SEC Reports for the two years preceding the Closing Date (or such shorter period as the Company
was required by law to file such material). As of their respective dates, the SEC Reports complied in all material respects with
the requirements of the Securities Act and the Exchange Act and the rules and regulations of the SEC promulgated there under, as
applicable, and none of the SEC Reports, 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 the Company included in the SEC Reports comply in all material respects
with applicable accounting requirements and the rules and regulations of the SEC with respect thereto as in effect at the time
of filing. Such financial statements have been prepared in accordance with GAAP, except as may be otherwise specified in such financial
statements or the notes thereto and except that unaudited financial statements may not contain all footnotes required by GAAP,
and fairly present in all material respects the financial position of the Company and its consolidated Subsidiaries 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.

 

(d) Authorization. The Company
has all requisite power and authority to execute, deliver and perform its obligations under the Transaction Documents. All corporate
action on the part of the Company and its officers, directors and stockholders necessary for the authorization, execution and delivery
of the Transaction Documents and the performance of all obligations of the Company hereunder and thereunder, and the authorization,
issuance, sale and delivery of the Shares and the Warrants pursuant to this Agreement, has been taken or will be taken prior to
the Closing. The Transaction Documents have been duly executed and delivered by the Company, and assuming that they have been duly
executed and delivered by any party thereto other than the Company or its affiliates, constitute valid and legally binding obligations
of the Company, enforceable against the Company in accordance with their respective terms, except (a) as limited by applicable
bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’
rights generally, (b) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable
remedies, limited by applicable federal or state securities laws or the public policy underlying such laws.

 

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(e) Valid Issuance of Shares.
The Shares have been duly authorized and, when issued, sold and delivered in accordance with the terms of this Agreement for the
consideration set forth herein, and, when issued, sold and delivered in accordance with the terms of this Agreement will be duly
and validly issued, fully paid, and nonassessable and free of all Liens and restrictions on transfer other than the restrictions
on transfer contained in this Agreement, and under applicable state and federal securities laws. No further approval of the security
holders or the Board of Directors of the Company will be required for the issuance and sale of the Securities.

 

(f) Offering. Subject in part
to the truth and accuracy of the Purchaser’s representations set forth in this Agreement, the offer, sale and issuance of
the Shares, the Warrants, the Warrant Shares and the Conversion Shares will be exempt from the registration requirements of the
Securities Act, and are exempt from registration and qualification under the registration, permit or qualification requirements
of all applicable securities laws of any state of the United States.

 

(g) Material Changes. Since the
date of the latest audited financial statements included within the SEC Reports, except as disclosed in the SEC Reports, (a) there
has been no event, occurrence or development that has had or that would reasonably be expected to result in a Material Adverse
Effect, (b) the Company has not incurred any liabilities (contingent or otherwise) other than (i) trade payables and accrued expenses
incurred in the ordinary course of business consistent with past practice and (ii) liabilities not required to be reflected in
the Company’s financial statements pursuant to GAAP or required to be disclosed in filings made with the SEC, (c) the Company
has not altered its method of accounting, (d) the Company has not declared or made any dividend or distribution of cash or other
property to its stockholders or purchased, redeemed or made any agreements to purchase or redeem any shares of its capital stock
and (e) the Company has not issued any equity securities to any officer, director or Affiliate, except pursuant to existing Company
equity incentive plans. The Company does not have pending before the SEC any request for confidential treatment of information.

 

(h) Litigation. There is no action,
suit, inquiry, notice of violation, proceeding or investigation pending or, to the knowledge of the Company, threatened against
or affecting the Company, any of its directors, officers or employees or any of its properties before or by any court, arbitrator,
governmental or administrative agency or regulatory authority (federal, state, county, local or foreign) (collectively, an “Action”),
which (a) adversely affects or challenges the legality, validity or enforceability of any of the Transaction Documents or the Securities
or the transactions contemplated by the Transaction Documents, or (b) would, if there were an unfavorable decision, have or reasonably
be expected to result in, individually or in the aggregate, a Material Adverse Effect.

 

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(i) Compliance. The Company (a)
is not in default under or in violation of (and, to the Company’s knowledge, no event has occurred that has not been waived
that, with notice or lapse of time or both, would result in a default by the Company under), nor has the Company received written
notice of a claim that it is in default under or that it is in violation of, any indenture, loan or credit agreement or any other
similar agreement or instrument to which it is a party or by which it or any of its properties is bound (whether or not such default
or violation has been waived) or any material contract filed by the Company with the SEC pursuant to the Securities Act, the Exchange
Act or the rules and regulations promulgated thereunder, (b) is in violation of any order of any court, arbitrator or governmental
body applicable to the Company, (c) is or has been in violation of any statute, rule or regulation of any governmental authority
applicable to the Company, including without limitation all foreign, federal, state and local laws applicable to its business.

 

(j) Title to Assets. The Company
has good and marketable title in fee simple to all real property owned by it that is material to the business of the Company and
good and marketable title in all personal property owned by it that is material to the business of the Company, in each case free
and clear of all Liens, except for Liens as do not materially affect the value of such property and do not materially interfere
with the use made and proposed to be made of such property by the Company and Liens for the payment of federal, state or other
taxes, the payment of which is neither delinquent nor subject to penalties.

 

(k) Patents and Trademarks. The
Company owns, or has rights to use, all patents, patent applications, trademarks, trademark applications, service marks, trade
names, copyrights, licenses and other similar rights that are necessary or material for use in connection with its business as
described in the SEC Reports and which the failure to so have would, individually or in the aggregate, have a Material Adverse
Effect (collectively, the “Intellectual Property Rights”). The Company has not received a written notice that
the Intellectual Property Rights used by the Company violates or infringes upon the rights of any Person. To the knowledge of the
Company, all such Intellectual Property Rights are enforceable and there is no existing infringement by another Person of any of
the Intellectual Property Rights of the Company.

 

(l) Regulatory Permits. The Company
possesses all certificates, authorizations and permits issued by the appropriate federal, state, local or foreign regulatory authorities
necessary to conduct its business as described in the SEC Reports, except where the failure to possess such permits would not,
individually or in the aggregate, have or reasonably be expected to result in a Material Adverse Effect (“Material Permits”),
and the Company has not received any written notice of proceedings relating to the revocation or modification of any Material Permit.

 

(m) Transactions
with Affiliates and Employees. Except as set forth in the SEC Reports, none of the officers or directors of the Company and,
to the knowledge of the Company, none of the employees of the Company, is presently a party to any transaction with the Company
or any Subsidiary (other than for services as employees, officers and directors), including any contract, agreement or other arrangement
providing for the furnishing of services to or by, providing for rental of real or personal property to or from, or otherwise requiring
payments to or from any officer, director or such employee or, to the knowledge of the Company, any entity in which any officer,
director, or any such employee has a substantial interest or is an officer, director, trustee or partner, in each case in excess
of $120,000 other than (a) for payment of salary or consulting fees for services rendered, (b) reimbursement for expenses incurred
on behalf of the Company and (c) for other employee benefits, including stock option agreements under any equity incentive plan
of the Company.

 

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(n) Sarbanes-Oxley;
Internal Accounting Controls. The Company is in material compliance with all provisions of the Sarbanes-Oxley Act of 2002 which
are applicable to it as of the Initial Closing Date. The Company maintains a system of internal accounting controls sufficient
to provide reasonable assurance that (a) transactions are executed in accordance with management’s general or specific authorizations,
(b) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain
asset accountability, (c) access to assets is permitted only in accordance with management’s general or specific authorization,
and (d) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action
is taken with respect to any differences. The Company has established disclosure controls and procedures (as defined in Exchange
Act Rules 13a-15(e) and 15d-15(e)) for the Company and designed such disclosure controls and procedures to ensure that material
information relating to the Company is made known to the certifying officers by others within those entities, particularly during
the period in which the Company’s most recently filed periodic report under the Exchange Act, as the case may be, is being
prepared. The Company’s certifying officers have evaluated the effectiveness of the Company’s controls and procedures
as of the date prior to the filing date of the most recently filed periodic report under the Exchange Act (such date, the “Evaluation
Date”). The Company presented in its most recently filed periodic report under the Exchange Act the conclusions of the
certifying officers about the effectiveness of the disclosure controls and procedures based on their evaluations as of the Evaluation
Date. Since the Evaluation Date, there have been no significant changes in the Company’s internal controls (as such term
is defined in Item 307(b) of Regulation S-K under the Exchange Act) or, to the Company’s knowledge, in other factors that
could materially affect the Company’s internal controls.

 

(o) Disclosure. The Company has
provided the Purchaser with all the information that the Purchaser has requested for deciding whether to purchase the Series B
Preferred Stock.

 

(p) Registration Rights. Except as provided
in the Investor’s Rights Agreement the Company has not granted or agreed to grant any registration rights, including piggyback
rights, to any person or entity.

 

(q) Corporate
Documents. Except for amendments necessary to satisfy representations and warranties or conditions contained herein (the form
of which amendments has been approved by the Purchaser), the Articles of Incorporation and Bylaws of the Company are in the form
previously provided to the Purchaser.

 

(r) Tax Status. The Company has
made or filed all federal, state and foreign income and all other tax returns, reports and declarations required by any jurisdiction
to which it is subject (unless and only to the extent that the Company has set aside on its books provisions reasonably adequate
for the payment of all unpaid and unreported taxes) and has paid all taxes and other governmental assessments and charges that
are material in amount, shown or determined to be due on such returns, reports and declarations, except those being contested in
good faith and has set aside on its books provisions reasonably adequate for the payment of all taxes for periods subsequent to
the periods to which such returns, reports or declarations apply.

 

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(s) 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.

 

(t) Insurance. The Company maintains
insurance underwritten by insurers of recognized financial responsibility, of the types and in the amounts that the Company reasonably
believes is adequate for its business as currently conducted, including, but not limited to, insurance covering all real and personal
property owned or leased by the Company against theft, damage, destruction, acts of vandalism and all other risks customarily insured
against, with such deductibles as are customary for companies in the same or similar business, all of which insurance is in full
force and effect.

 

(u) Related Party Transactions.
Except as set forth in the SEC Reports, no transaction has occurred between or among the Company, on the one hand, and its affiliates,
officers or directors on the other hand.

 

(v) Foreign Corrupt Practices.
Neither the Company, nor, to the knowledge of the Company, any director, officer, agent, employee or other Person acting on behalf
of the Company has, in the course of its actions for, or on behalf of, the Company

 

(w) Full Disclosure. No representation
or warranty of the Company made in this Agreement and the Investor’s Rights Agreement, including any schedules or exhibits
hereto or thereto, contains or will contain any untrue statement of a material fact or omits or will omit to state a material fact
necessary to make the statements or facts contained herein or therein not misleading.

 

6.        
1.6        
Representations and Warranties of the Undersigned. The undersigned hereby represents and warrants to the Company
and to each officer, director, controlling person and agent of the Company that:

 

a.        
Organization;
Validity; Enforcements. (a) The Purchaser has power, authority and capacity to enter into this Agreement and to consummate
the transactions contemplated hereby, (b) the making and performance of this Agreement by the Purchaser and the consummation of
the transactions herein and therein contemplated will not violate or conflict with, result in the breach or violation of, or constitute,
either by itself or upon notice or the passage of time or both, a default under any material agreement, mortgage, deed of trust,
lease, franchise, license, indenture, permit or other instrument to which the Purchaser is a party, or any statute or any authorization,
judgment, decree, order, rule or regulation of any court or any regulatory body, administrative agency or other governmental agency
or body applicable to the Purchaser, (c) no consent, approval, authorization or other order of any court, regulatory body, administrative
agency or other governmental agency or body is required on the part of the Purchaser for the execution and delivery of this Agreement
or the consummation of the transactions contemplated by this Agreement, (d) upon the execution and delivery of this Agreement,
this Agreement shall constitute a legal, valid and binding obligation of the Purchaser, enforceable in accordance with their terms,
except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting
enforcement of creditors’ rights generally.

 

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b.        
Purchase Entirely for Own Account. The Securities are being acquired for investment for the Purchaser’s
own account, not as a nominee or agent and not with a view to the resale or distribution of any part thereof.

 

c.        
Information. The Purchaser and his advisors, if any, have been furnished with all materials relating to the business,
finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested
by the Purchaser. The Purchaser and his advisors, if any, have been afforded the opportunity to ask questions of the Company; provided,
however, that neither such inquiries nor any other due diligence investigations conducted by the Purchaser or his representatives
shall modify, amend or affect the Purchaser’s right to rely on the Company’s representations and warranties contained
in Section 3. The Purchaser has sought such accounting, legal and tax advice as he has considered necessary to make an informed
investment decision with respect to his acquisition of the Securities.

 

d.        
Investment
Experience. The Purchaser understands that the purchase of the Securities involves substantial risk. The Purchaser is an investor
in securities of companies in the developmental stage and acknowledges that he can bear the economic risk of his investment and
has such knowledge and experience in financial or business matters that he is capable of evaluating the merits and risks of its
investment in the Securities. The Purchaser has undertaken an independent analysis of the merits and the risks of an investment
in the Securities, based on the Purchaser’s own financial circumstances.

 

e.        
No General Solicitation. The Purchaser acknowledges that he has not seen, received, been presented with, or been solicited
by any leaflet, public promotional meeting, newspaper or magazine article or advertisement, radio or television advertisement,
or any other form of advertising or general solicitation with respect to the Securities.

 

f.        
Accredited
Purchaser. The Purchaser is an “accredited investor” within the meaning of SEC Rule 501 of Regulation D, as presently
in effect and Purchaser has executed the Certificate of Accredited Investor Status, attached hereto as Exhibit D.

 

g.        
Restricted
Securities. The Purchaser understands that the Securities are characterized as “restricted securities” under the
federal securities laws inasmuch as they are being acquired from the Company in a transaction not involving a public offering
and that under such laws and applicable regulations such securities may be resold without registration under the Securities Act
only in certain limited circumstances. In this connection, the Purchaser represents that he is familiar with SEC Rule 144, as
presently in effect, and understands the resale limitations imposed thereby. The Purchaser will not, directly or indirectly, offer,
sell, pledge, transfer or otherwise dispose of (or solicit any offers to buy, purchase or otherwise acquire or take a pledge of)
any of the Securities, nor will the Purchaser engage in any short sale that results in a disposition of any of the Securities
by the Purchaser, except in compliance with the Securities Act and the rules and regulations promulgated thereunder and any applicable
state securities law.

 

h.         
Consultation
With Own Attorney. The Purchaser has been advised to consult with his own attorney or attorneys regarding all legal matters
concerning an investment in the Company and the tax consequences of purchasing the Securities, and has done so, to the extent Purchaser
considers necessary.

 

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i.        
Tax Consequences.
The Purchaser acknowledges that the tax consequences of investing in the Company will depend on particular circumstances, and
neither the Company, the Company’s officers, any other investors, nor the partners, shareholders, members, managers, agents,
officers, directors, employees, affiliates or consultants of any of them, will be responsible or liable for the tax consequences
to Purchaser of an investment in the Company. The Purchaser will look solely to and rely upon his own advisers with respect to
the tax consequences of this investment.

 

j.        
Information
Provided by Purchaser. All information which the Purchaser has provided to the Company concerning the Purchaser, his financial
position and his knowledge of financial and business matters, and any information found in the Certificate of Accredited Investor
Status, is truthful, accurate, correct, and complete as of the date set forth herein or therein.

 

k.        
Legends.
The Purchaser understands that, at all times until such time as (a) a registration statement registering the Shares and the Warrant
Shares has been declared effective or (b) the Shares and Warrant Shares may be sold pursuant to Rule 144 under the Securities
Act without any restriction as to the number of securities as of a particular date that can then be immediately sold, the Shares
and the Warrant Shares will bear a restrictive legend in substantially the following form:

 

“NEITHER THESE
SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE OR EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT
IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION
IS NOT REQUIRED UNDER SUCH ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.”

 

a.        
(l) Reliance on Exemptions. The Purchaser understands that the Securities are being offered and sold to him in reliance
upon specific exemptions from the registration requirements of the Securities Act, the rules and regulations promulgated thereunder
and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance
with, the representations, warranties, agreements, acknowledgments and understandings of the Purchaser set forth herein in order
to determine the availability of such exemptions and the eligibility of the Purchaser to acquire the Securities.

 

b.        
(m) No Government Review. The Purchaser understands that no United States federal or state agency or any other government
or governmental agency has passed upon or made any recommendation or endorsement of the Securities.

 

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2.        
1.7        
Waiver, Amendment. Neither this Agreement nor any provisions hereof shall be modified, changed, discharged
or terminated except by an instrument in writing signed by the party against whom any waiver, change, discharge or termination
is sought.

 

3.        
1.8        
Assignability. Neither this Agreement nor any right, remedy, obligation or liability arising hereunder or
by reason hereof shall be assignable by either the Company or the undersigned without the prior written consent of the other party.

 

4.        
1.9        
Applicable Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAW OF THE STATE
OF NEVADA, REGARDLESS OF THE LAW THAT MIGHT BE APPLIED UNDER PRINCIPLES OF CONFLICTS OF LAW.

 

5.        
1.10        
Section and Other Headings. The section and other headings contained in this Agreement are for reference
purposes only and shall not affect the meaning or interpretation of this Agreement.

 

6.        
1.11        
Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed
and delivered shall be deemed to be an original and all of which together shall be deemed to be one and the same agreement.

 

7.        
1.12        
Notices. All notices and other communications provided for herein shall be in writing and shall be deemed
to have been duly given if delivered personally or sent by registered or certified mail, return receipt requested, postage prepaid:

 

(a)        
If to the Company, to it
at the following address:

 

Players Network

1771 East Flamingo Rd 201A

Las Vegas, Nevada 89119

Attention: CEO

 

(b)        
If to the undersigned, to
him at the address set forth on the signature page hereto; or at such other address as either party shall have specified by notice
in writing to the other.

 

1.        
1.13        
Binding Effect. The provisions of this Agreement shall be binding upon and accrue to the benefit of the parties
hereto and their respective heirs, legal representatives, successors and assigns.

 

2.        
1.14        
Indemnification. The undersigned acknowledges that he understands the meaning and legal consequences of the
representations, warranties, and covenants set forth herein and that the Company has relied and will rely upon such representations,
warranties and covenants. Therefore, he hereby agrees to indemnify and hold harmless the Company and the officers, directors, controlling
persons and agents of the Company from and against any and all loss, claim, damage, liability or expense, and any action in respect
thereof, joint or several, to which any such person may become subject, due to or arising out a breach of any such representation,
warranty, or covenant, together with all reasonable costs and expenses (including attorneys' fees) incurred by any such person
in connection with any action, suit, proceeding, demand, assessment, or judgment incident to any of the matters so indemnified
against.

 

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3.        
1.15        
Survival. All representations, warranties and covenants contained in this Agreement and the indemnification
contained in Section 1.14 shall survive (i) the acceptance of the subscription by the Company and (ii) the death
or disability of the undersigned.

 

4.        
1.16        
Notification of Changes. The undersigned hereby covenants and agrees to notify the Company upon the occurrence
of any event prior to the closing of the purchase of the Securities pursuant to this Agreement that would cause any representation,
warranty, or covenant of the undersigned contained in this Agreement to be false or incorrect.

 

IN WITNESS WHEREOF, the undersigned has executed
this Subscription

 

Agreement this _____ day of ______________________,
2014

 

 

_________________________________

Signature

 

_________________________________

Print Name

 

_________________________________

Number and Street

 

_________________________________

City, State and Zip

 

_________________________________

SS# or Tax ID

 

 

Accepted as of

 

______________________ _____, 2014

 

Players Network

 

By_________________________________

 

 

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Accredited Investor Certification

 

Please check response A or B as appropriate:

 

_____     A.     I am not an accredited investor.

 

_____     B.     I am an accredited investor
because I am (please check the appropriate response):

 

_____     I have
an individual net worth (or joint net worth with spouse) in excess of $1,000,000; or 

 

_____     I had
an individual income (not including any amounts attributable to spouse or to property owned by spouse) of more than $200,000 in
each of the previous two calendar years and a reasonable expectation to reach the same income level in the current year; or I had
a joint income with spouse in excess of $300,000 in each of the previous two calendar years and a reasonable expectation to reach
the same income level in the current year; or 

 

_____     I am a bank
or savings and loan association, whether acting in its individual or fiduciary capacity; or 

 

_____     I am a
broker-dealer registered pursuant to Section 15 of the Securities Exchange Act of 1934; or 

 

_____     I am an
insurance company; or

 

_____     I am an investment
company registered under the Investment Company Act of 1940, as amended, or a business development company as defined in said Act;
or 

 

_____     I am a Small
Business Investment Company licensed by the U.S. Small Business Administration; or 

 

_____     I am a
plan established and maintained by a state, its political subdivisions or any agency or instrumentality thereof, for the benefit
of its employees, if such plan has total assets in excess of $5,000,000; or 

 

_____     I am an
employee benefit plan within the meaning of Title I of the Employment Retirement Income Security Act of 1974 (“ERISA”),
if the investment decision with respect to this investment is made by a plan fiduciary which is either a bank, savings and loan
association, insurance company or registered investment advisor, or if the employee benefit plan has total assets in excess of
$5,000,000, or if a self-directed plan, its investment decisions are made solely by persons who are accredited investors; or 

 

_____     I am a private
business development company as defined in the Investment Advisors Act of 1940, as amended; or 

 

_____     I am a
corporation, Massachusetts or similar business trust or partnership, or any tax exempt organization as defined in Section 501(c)(3)
of the Internal Revenue Code, not formed for the specific purpose of acquiring Investor Securities, with the total assets in excess
of $5,000,000; or 

 

_____     I am a trust
with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring Investor Securities, whose purchase
is directed.

 

IN WITNESS WHEREOF, the
undersigned has executed this Accredited Investor

 

Certification this _____ day of ______________________,
2014

 

 

_________________________________

Signature

 

_________________________________

Print Name

 

    	11EXHIBIT 10.28

 

THIS NOTE AND THE COMMON STOCK
ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN AND WILL NOT BE REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION
OR THE SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE "1933 ACT”)

 

 

US $37,500.00 

 

 

PLAYERS NETWORK

8% CONVERTIBLE REDEEMABLE NOTE

DUE JULY 15, 2015

 

 

FOR
VALUE RECEIVED, Players Network (the “Company”) promises to pay to the order of LG CAPITAL FUNDING, LLC and its authorized
successors and permitted assigns ("Holder"), the aggregate principal face amount of Thirty Seven Thousand Five
Hundred Dollars exactly (U.S. $37,500.00) on July 15, 2015 ("Maturity Date") and to pay interest on the principal
amount outstanding hereunder at the rate of 8% per annum commencing on July 15, 2014. The interest will be paid to the Holder in
whose name this Note is registered on the records of the Company regarding registration and transfers of this Note. The principal
of, and interest on, this Note are payable at 1218 Union Street, Suite #2, Brooklyn, NY 11225 
initially, and if changed, last appearing on the records of the Company as designated in writing by the Holder hereof from time
to time. The Company will pay each interest payment and the outstanding principal due upon this Note before or on the Maturity
Date, less any amounts required by law to be deducted or withheld, to the Holder of this Note by check or wire transfer addressed
to such Holder at the last address appearing on the records of the Company. The forwarding of such check or wire transfer shall
constitute a payment of outstanding principal hereunder and shall satisfy and discharge the liability for principal on this Note
to the extent of the sum represented by such check or wire transfer. Interest shall be payable in Common Stock (as defined below)
pursuant to paragraph 4(b) herein.

 

This Note is subject to
the following additional provisions:

 

1.          This Note is exchangeable for an
equal aggregate principal amount of Notes of different authorized denominations, as requested by the Holder surrendering the same.
No service charge will be made for such registration or transfer or exchange, except that Holder shall pay any tax or other governmental
charges payable in connection therewith.

 

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2.          The Company shall be entitled to
withhold from all payments any amounts required to be withheld under applicable laws.

 

3.          This Note may be transferred or exchanged
only in compliance with the Securities Act of 1933, as amended ("Act") and applicable state securities laws. Any
attempted transfer to a non-qualifying party shall be treated by the Company as void. Prior to due presentment for transfer of
this Note, the Company and any agent of the Company may treat the person in whose name this Note is duly registered on the Company's
records as the owner hereof for all other purposes, whether or not this Note be overdue, and neither the Company nor any such agent
shall be affected or bound by notice to the contrary. Any Holder of this Note electing to exercise the right of conversion set
forth in Section 4(a) hereof, in addition to the requirements set forth in Section 4(a), and any prospective transferee of this
Note, also is required to give the Company written confirmation that this Note is being converted ("Notice of Conversion")
in the form annexed hereto as Exhibit A. The date of receipt (including receipt by telecopy) of such Notice of Conversion
shall be the Conversion Date.

 

4.          (a)     The Holder of this Note is
entitled, at its option, at any time after 180 days, to convert all or any amount of the principal face amount of this Note then
outstanding into shares of the Company's common stock (the "Common Stock") without restrictive legend of any nature,
at a price ("Conversion Price") for each share of Common Stock equal to 60% of the lowest trading price
of the Common Stock as reported on the National Quotations Bureau OTCQB exchange which the Company’s shares are traded
or any exchange upon which the Common Stock may be traded in the future ("Exchange"), for the twelve
prior trading days including the day upon which a Notice of Conversion is received by the Company (provided such Notice
of Conversion is delivered by fax or other electronic method of communication to the Company after 4 P.M. Eastern Standard or Daylight
Savings Time if the Holder wishes to include the same day closing price). If the shares have not been delivered within 3 business
days, the Notice of Conversion may be rescinded. Such conversion shall be effectuated by the Company delivering the shares of Common
Stock to the Holder within 3 business days of receipt by the Company of the Notice of Conversion. Once the Holder has received
such shares of Common Stock, the Holder shall surrender this Note to the Company, executed by the Holder evidencing such Holder's
intention to convert this Note or a specified portion hereof, and accompanied by proper assignment hereof in blank. Accrued, but
unpaid interest shall be subject to conversion. No fractional shares or scrip representing fractions of shares will be issued on
conversion, but the number of shares issuable shall be rounded to the nearest whole share. In the event the Company experiences
a DTC “Chill” on its shares, the conversion price shall be decreased to 45% instead of 55% while that “Chill”
is in effect.

 

(b)     Interest on any unpaid principal
balance of this Note shall be paid at the rate of 8% per annum. Interest shall be paid by the Company in cash only.

 

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(c)     During the first six months this
Note is in effect, the Company may redeem this Note by paying to the Holder an amount as follows: (i) if the redemption occurs
within the first 60 days then an amount equal to 115% of the unpaid principal amount of this Note along with any prepaid and earned
interest, (ii) if the redemption occurs after the first 60 days but before the 121st day following the issuance of this
Note, then an amount equal to 125% of the unpaid principal amount of this Note along with any prepaid and earned interest and (iii)
if the redemption occurs after the first 120 days but before the 181st day following the issuance of this Note, then
an amount equal to 130% of the unpaid principal amount of this Note along with any prepaid and earned interest. This Note may not
be redeemed after 180 days. The redemption must be closed and paid for within 3 business days of the Company sending the redemption
demand or the redemption will be invalid and the Company may not redeem this Note.

 

(d)     Upon (i) a transfer of all or substantially
all of the assets of the Company to any person in a single transaction or series of related transactions, (ii) a reclassification,
capital reorganization or other change or exchange of outstanding shares of the Common Stock, other than a forward or reverse stock
split or stock dividend, or (iii) any consolidation or merger of the Company with or into another person or entity in which the
Company is not the surviving entity (other than a merger which is effected solely to change the jurisdiction of incorporation of
the Company and results in a reclassification, conversion or exchange of outstanding shares of Common Stock solely into shares
of Common Stock) (each of items (i), (ii) and (iii) being referred to as a "Sale Event"), then, in each case, the Company
shall, upon request of the Holder, redeem this Note in cash for 140% of the principal amount, plus accrued but unpaid interest
through the date of redemption, or at the election of the Holder, such Holder may convert the unpaid principal amount of this Note
(together with the amount of accrued but unpaid interest) into shares of Common Stock immediately prior to such Sale Event at the
Conversion Price.

 

(e)     In case of any Sale Event (not
to include a sale of all or substantially all of the Company’s assets) in connection with which this Note is not redeemed
or converted, the Company shall cause effective provision to be made so that the Holder of this Note shall have the right thereafter,
by converting this Note, to purchase or convert this Note into the kind and number of shares of stock or other securities or property
(including cash) receivable upon such reclassification, capital reorganization or other change, consolidation or merger by a holder
of the number of shares of Common Stock that could have been purchased upon exercise of the Note and at the same Conversion Price,
as defined in this Note, immediately prior to such Sale Event. The foregoing provisions shall similarly apply to successive Sale
Events. If the consideration received by the holders of Common Stock is other than cash, the value shall be as determined by the
Board of Directors of the Company or successor person or entity acting in good faith.

 

5.          No provision of this Note shall alter
or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of, and interest on, this Note
at the time, place, and rate, and in the form, herein prescribed.

 

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6.          The Company hereby expressly waives
demand and presentment for payment, notice of non-payment, protest, notice of protest, notice of dishonor, notice of acceleration
or intent to accelerate, and diligence in taking any action to collect amounts called for hereunder and shall be directly and primarily
liable for the payment of all sums owing and to be owing hereto.

 

7.          The Company agrees to pay all costs
and expenses, including reasonable attorneys' fees and expenses, which may be incurred by the Holder in collecting any amount due
under this Note.

 

8.          If one or more of the following described
"Events of Default" shall occur:

 

(a)     The Company shall default in the
payment of principal or interest on this Note or any other note issued to the Holder by the Company; or

 

(b)     Any of the representations or warranties
made by the Company herein or in any certificate or financial or other written statements heretofore or hereafter furnished by
or on behalf of the Company in connection with the execution and delivery of this Note, or the Securities Purchase Agreement under
which this note was issued shall be false or misleading in any respect; or

 

(c)     The Company shall fail to perform
or observe, in any respect, any covenant, term, provision, condition, agreement or obligation of the Company under this Note or
any other note issued to the Holder; or

 

(d)     The Company shall (1) become insolvent;
(2) admit in writing its inability to pay its debts generally as they mature; (3) make an assignment for the benefit of creditors
or commence proceedings for its dissolution; (4) apply for or consent to the appointment of a trustee, liquidator or receiver for
its or for a substantial part of its property or business; (5) file a petition for bankruptcy relief, consent to the filing of
such petition or have filed against it an involuntary petition for bankruptcy relief, all under federal or state laws as applicable;
or

 

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

 

(f)     Any governmental agency or any court
of competent jurisdiction at the instance of any governmental agency shall assume custody or control of the whole or any substantial
portion of the properties or assets of the Company; or

 

(g)     Unless previously disclosed in the
Company’s filings with the Securities and Exchange Commission, one or more money judgments, writs or warrants of attachment,
or similar process, in excess of fifty thousand dollars ($50,000) in the aggregate, shall be entered or filed against the Company
or any of its properties or other assets and shall remain unpaid, unvacated, unbonded or unstayed for a period of fifteen (15)
days or in any event later than five (5) days prior to the date of any proposed sale thereunder.

 

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(h)     The Company shall have defaulted
on or breached any term of any other note of similar debt instrument into which the Company has entered and failed to cure such
default within the appropriate grace period; or

 

(i)     The Company shall have its Common
Stock delisted from an exchange (including the OTCBB exchange) or, if the Common Stock trades on an exchange, then trading in the
Common Stock shall be suspended for more than 10 consecutive days;

 

(j)     If a majority of the members of
the Board of Directors of the Company on the date hereof are no longer serving as members of the Board;

 

(k)     The Company shall not deliver to
the Holder the Common Stock pursuant to paragraph 4 herein without restrictive legend within 3 business days of its receipt of
a Notice of Conversion; or

 

(l)     The Company shall not replenish
the reserve set forth in Section 12, within 3 business days of the request of the Holder; or

 

(m)     The Company shall not be “current”
in its filings with the Securities and Exchange Commission; or

 

(n)     The Company shall lose the “bid”
price for its stock in a market (including the OTCQB marketplace or other exchange).

 

Then, or at any time thereafter, unless cured,
and in each and every such case, unless such Event of Default shall have been waived in writing by the Holder (which waiver shall
not be deemed to be a waiver of any subsequent default) at the option of the Holder and in the Holder's sole discretion, the Holder
may consider this Note immediately due and payable, without presentment, demand, protest or (further) notice of any kind (other
than notice of acceleration), all of which are hereby expressly waived, anything herein or in any note or other instruments contained
to the contrary notwithstanding, and the Holder may immediately, and without expiration of any period of grace, enforce any and
all of the Holder's rights and remedies provided herein or any other rights or remedies afforded by law. Upon an Event of Default,
interest shall accrue at a default interest rate of 16% per annum or, if such rate is usurious or not permitted by current law,
then at the highest rate of interest permitted by law. In the event of a breach of Section 8(k) the penalty shall be $250 per day
the shares are not issued beginning on the 4th day after the conversion notice was delivered to the Company. This penalty
shall increase to $500 per day beginning on the 10th day. The penalty for a breach of Section 8(n) shall be an increase
of the outstanding principal amounts by 20%. In case of a breach of Section 8(i), the outstanding principal due under this Note
shall increase by 50%. If this Note is not paid at maturity, the outstanding principal due under this Note shall increase by 10%.

 

If the Holder shall commence an action or proceeding
to enforce any provisions of this Note, including, without limitation, engaging an attorney, then if the Holder prevails in such
action, the Holder shall be reimbursed by the Company for its attorneys’ fees and other costs and expenses incurred in the
investigation, preparation and prosecution of such action or proceeding.

 

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9.          In case any provision of this Note
is held by a court of competent jurisdiction to be excessive in scope or otherwise invalid or unenforceable, such provision shall
be adjusted rather than voided, if possible, so that it is enforceable to the maximum extent possible, and the validity and enforceability
of the remaining provisions of this Note will not in any way be affected or impaired thereby.

 

10.          Neither this Note nor any term hereof
may be amended, waived, discharged or terminated other than by a written instrument signed by the Company and the Holder.

 

11.          The
Company represents that it is not a “shell” issuer and has never been a “shell” issuer or that if it previously
has been a “shell” issuer that at least 12 months have passed since the Company has reported form 10 type information
indicating it is no longer a “shell issuer. Further. The Company will instruct its counsel to either (i) write a 144- 3(a)
(9) opinion to allow for salability of the conversion shares or (ii) accept such opinion from Holder’s counsel.

 

12.          The
Company shall issue irrevocable transfer agent instructions reserving 9,513,000 shares of its Common Stock for conversions under
this Note (the “Share Reserve”). The reserve shall be replenished as needed to allow for conversions of this Note.
Upon full conversion of this Note, any shares remaining in the Share Reserve shall be cancelled. The Company shall pay all costs
associated with issuing and delivering the shares.

 

13.          The Company will give the Holder
direct notice of any corporate actions, including but not limited to name changes, stock splits, recapitalizations etc. This notice
shall be given to the Holder as soon as possible under law.

 

14.          This
Note shall be governed by and construed in accordance with the laws of New York applicable to contracts made and wholly to be
performed within the State of New York and shall be binding upon the successors and assigns of each party hereto. The Holder and
the Company hereby mutually waive trial by jury and consent to exclusive jurisdiction and venue in the courts of the State of
New York. This Agreement may be executed in counterparts, and the facsimile transmission of an executed counterpart to this Agreement
shall be effective as an original.

 

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

 

 

Dated: _______________

 

 

 

PLAYERS NETWORK

 

By: __________________________________

 

Title: _________________________________

 

 

 

 

 

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EXHIBIT A

 

 

NOTICE OF CONVERSION

 

(To be Executed by the Registered
Holder in order to Convert the Note)

 

The undersigned hereby
irrevocably elects to convert $___________ of the above Note into _________ Shares of Common Stock of Players Network (“Shares”)
according to the conditions set forth in such Note, as of the date written below.

 

If Shares are to be issued
in the name of a person other than the undersigned, the undersigned will pay all transfer and other taxes and charges payable with
respect thereto.

 

Date of Conversion:
_________________________________

Applicable Conversion Price: _________________________________

Signature: _________________________________

[Print Name of Holder and Title of Signer]

Address: _________________________________

                 _________________________________

 

SSN or EIN: _________________________________

Shares are to be registered in the following name: _________________________

 

Name: ___________________________________

Address: _________________________________

Tel: _____________________________________

Fax: _____________________________________

SSN or EIN: _______________________________

 

Shares are to be sent or delivered to the following account:

 

Account Name: ____________________________

Address: _________________________________

 

 

 

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