Document:

Exhibit 10.3

 

EXHIBIT
D

 

FORM
OF LOCK-UP AGREEMENT

 

____
__, 2018

 

Each
Purchaser referenced below:

 

		Re:	Securities
                                         Purchase Agreement, dated as of ____ __, 2018 (the “Purchase Agreement”),
                                         between Jerrick Media Holdings, Inc., a Nevada corporation (the “Company”)
                                         and the purchasers signatory thereto (each, a “Purchaser” and, collectively,
                                         the “Purchasers”)

 

Ladies
and Gentlemen:

 

Defined
terms not otherwise defined in this letter agreement (the “Letter Agreement”) shall have the meanings set forth
in the Purchase Agreement. Pursuant to Section 2.2(a)(vi) of the Purchase Agreement and in satisfaction of a condition of the
Company’s obligations under the Purchase Agreement, the undersigned irrevocably agrees with the Company that, from the date
hereof until the 12 month anniversary of the Effective Date (such period, the “Restriction Period”), the undersigned
will not offer, sell, contract to sell, hypothecate, pledge or otherwise dispose of (or enter into any transaction which is designed
to, or might reasonably be expected to, result in the disposition (whether by actual disposition or effective economic disposition
due to cash settlement or otherwise) by the undersigned or any Affiliate of the undersigned or any person in privity with the
undersigned or any Affiliate of the undersigned), directly or indirectly, including the filing (or participation in the filing)
of a registration statement with the Commission in respect of, or establish or increase a put equivalent position or liquidate
or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to, any shares of Common
Stock or Common Stock Equivalents beneficially owned, held or hereafter acquired by the undersigned (the “Securities”).
Beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act. In order to enforce this covenant,
the Company shall impose irrevocable stop-transfer instructions preventing the Transfer Agent from effecting any actions in violation
of this Letter Agreement.

 

The
undersigned acknowledges that the execution, delivery and performance of this Letter Agreement is a material inducement to each
Purchaser to complete the transactions contemplated by the Purchase Agreement and that each Purchaser (which shall be a third
party beneficiary of this Letter Agreement) and the Company shall be entitled to specific performance of the undersigned’s
obligations hereunder. The undersigned hereby represents that the undersigned has the power and authority to execute, deliver
and perform this Letter Agreement, that the undersigned has received adequate consideration therefor and that the undersigned
will indirectly benefit from the closing of the transactions contemplated by the Purchase Agreement.

 

     

     

    

 

This
Letter Agreement may not be amended or otherwise modified in any respect without the written consent of each of the Company, each
Purchaser and the undersigned. This Letter Agreement shall be construed and enforced in accordance with the laws of the State
of New York without regard to the principles of conflict of laws. The undersigned hereby irrevocably submits to the exclusive
jurisdiction of the United States District Court sitting in the Southern District of New York and the courts of the State of New
York located in Manhattan, for the purposes of any suit, action or proceeding arising out of or relating to this Letter Agreement,
and hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that (i) it is not personally subject
to the jurisdiction of such court, (ii) the suit, action or proceeding is brought in an inconvenient forum, or (iii) the venue
of the suit, action or proceeding is improper. The undersigned hereby irrevocably waives personal service of process and consents
to process being served in any such suit, action or proceeding by receiving a copy thereof sent to the Company at the address
in effect for notices to it under the Purchase Agreement and agrees that such service shall constitute good and sufficient service
of process and notice thereof. The undersigned hereby waives any right to a trial by jury. Nothing contained herein shall be deemed
to limit in any way any right to serve process in any manner permitted by law. The undersigned agrees and understands that this
Letter Agreement does not intend to create any relationship between the undersigned and each Purchaser and that each Purchaser
is not entitled to cast any votes on the matters herein contemplated and that no issuance or sale of the Securities is created
or intended by virtue of this Letter Agreement.

 

By
its signature below, the Transfer Agent hereby acknowledges and agrees that, reflecting this Letter Agreement, it has placed an
irrevocable stop transfer instruction on all Securities beneficially owned by the undersigned until the end of the Restriction
Period. This Letter Agreement shall be binding on successors and assigns of the undersigned with respect to the Securities and
any such successor or assign shall enter into a similar agreement for the benefit of the Purchasers.

 

***
SIGNATURE PAGE FOLLOWS***

 

    	 	2	 

     

    

 

This
Letter Agreement may be executed in two or more counterparts, all of which when taken together may be considered one and the same
agreement.

 

	 	 
	Signature	 
	 	 
	 	 
	Print Name	 
	 	 
	 	 
	Position in Company	 
	 	 
	Address for Notice:	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

Number
of shares of Common Stock

 

_____________________________________________________________________________

Number
of shares of Common Stock underlying subject to warrants, options, debentures or other convertible securities

 

By
signing below, the Company agrees to enforce the restrictions on transfer set forth in this Letter Agreement.

 

	 	 	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title:	 	 

 

 

3Exhibit 10.4

 

		
        Jerrick Media Holdings, Inc.

        2050 Center Ave, Suite 640

        Fort Lee, NJ 07024

        (201) 258- 3770

 

July 27, 2018

 

<<Investor>>

<<Address>>

 

VIA ELECTRONIC MAIL

 

		Re:	Agreement
                                         to Convert – Series A Preferred Stock

 

Dear <<Salutation>> <<Last Name>>:

 

You are being sent this letter as a holder
of <<SeriesA>> shares of Series A Convertible Preferred Stock, par value $.001 per share (the “Series
A Preferred Stock”) of Jerrick Media Holdings, Inc. (the “Company”), which are currently convertible into <<CommonA>>
shares (the “Conversion Shares”) of the Company's common stock, par value $.001 per share (the “Common
Stock”), inclusive of accrued and unpaid dividends and liquidated damages, if any. As an incentive to the requested conversion
as set forth below, the Company has agreed to issue you a warrant to purchase shares of the Company’s Common Stock at an
exercise price of $0.30 equal to 50% of the Conversion Shares (the “Incentive Warrant”).

 

Our Current Financing

 

As you may be aware, the Company is currently in the process of pursuing a private offering of units of its securities (the
“Units”) in the amount up to $5,000,000 (the “Offering”). Each Unit consists of (i) one share of the
Company’s Common Stock (the “Shares”) at a price of $0.25 per share (the “Share Price”), and
(ii) a five-year warrant (the “Warrant”) to purchase that amount of shares of the Company’s Common Stock
equal to one hundred percent (100%) of the Shares at an exercise price of $0.30 per share.

 

What We Need From You

 

By executing and delivering this letter,
you will hereby agree to automatically convert upon the closing of the Company’s Offering (the “Conversion”),
your <<SeriesA>> shares of Series A Preferred Stock into <<CommonA>> shares
of the Company’s common stock at a $0.164 per share conversion price (the “Conversion Price”). In addition,
pursuant to the Conversion, you will receive <<Div Common>> shares of Common Stock as payment for accrued
and unpaid dividends, from the date of inception of the Company through August 15, 2018 amounting to <<Dividends>>,
owed pursuant to your ownership of the shares of Series A Preferred Stock and converted hereunder. You will also receive an Incentive
Warrant to purchase <<Incentive Warrant>> shares of Common Stock at the exercise price of $0.30 per
share.

 

     

     

    

 

To effect the Conversion and issuance of the Incentive Warrant, the Company requests that you (i) complete and execute the
enclosed Notice of Conversion (“Notice of Conversion”); (ii) send scanned copies of the executed Notice of Conversion
to the Company; (iii) send to the Company, originally executed copies of the Notice of Conversion, together with your original
Series A Preferred Stock certificate

 

By your agreement and acknowledgment below, this Letter Agreement shall serve as written confirmation that:

 

(a) You agree to the terms of the Conversion.

 

(b)
You acknowledge and agree that, upon Conversion at the execution hereof, you waive your rights under the Series A Preferred Stock
with respect to Company’s defaults, events of default or failure to comply with covenants, if any, arising therefrom through
the date hereof.

 

(c)
You acknowledge and agree that legends will be placed on the certificates representing the shares of Common Stock to be issued
to you upon the Conversion to the effect that such securities have not been registered under the Securities Act or applicable
state securities laws and appropriate notations thereof will be made in the Company’s books.

 

By signing below, this Letter Agreement shall serve as written confirmation that you have reviewed this Letter Agreement (and
consulted with your legal and tax advisors to the extent you deemed necessary) and agree to the terms and conditions of the
Conversion at the Conversion Price as described herein. Upon execution hereof, you understand that you will be releasing and
discharging the Company and its affiliates from any and all obligations and duties that such persons may have to you with
respect to the Series A Preferred Stock and the Series A Preferred Stock associated therewith will be of no further force
or effect.

 

This Letter Agreement contains the entire understanding between and among the parties and supersedes any prior understandings
and agreements among them respecting the subject matter of this Letter Agreement. This Letter Agreement shall be governed
by and construed in accordance with the laws of the State of New Jersey without regard to choice of law principles. This Letter
Agreement may be executed in any number of counterparts, each of which shall be an original but all of which together shall
constitute one and the same instrument. In case any provision of this Letter Agreement shall be held to be invalid, illegal
or unenforceable, such provision shall be severable from the rest of this Letter Agreement, and the validity legality and
enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

 

The parties hereby consent and agree that if this Letter Agreement shall at any time be deemed by the parties for any reason
insufficient, in whole or in part, to carry out the true intent and spirit hereof or thereof, the parties will execute or
cause to be executed such other and further assurances and documents as in the reasonable opinion of the parties may be reasonably
required in order more effectively to accomplish the purposes of this Letter Agreement.

 

    	 	2	 

     

    

 

Please indicate confirmation of the terms provided herein by executing and returning this letter in the space provided below.

 

	Very truly yours,	 
	 	 
	JERRICK MEDIA HOLDINGS, INC.	 
	 	 	 
	By:	/s/ Jeremy Frommer	 
	Name:	Jeremy Frommer	 
	Title:	Chief Executive Officer	 
	 	 	 
	Date:	7/27/18	 

 

	ACCEPTED AND AGREED:	 
	 	 	 
	By:	                         	 
	Name:	 	 
	Title:	 	 
	 	 	 
	Date: 	 	 

 

***REMAINDER OF PAGE INTENTIONALLY LEFT BLANK***

 

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JERRICK MEDIA
HOLDINGS, INC. (the “Company”)

NOTICE OF CONVERSION

 

Conversion of <<SeriesA>> shares
of Series A Cumulative Convertible Preferred Stock.

 

The undersigned hereby elects to convert all (<<SeriesA>> shares) of the Series A Cumulative Convertible Preferred
Stock (the “Preferred Stock”) held by the undersigned into shares of the Company’s Common Stock according
to the provisions hereof and the terms of the Preferred Stock, at the date of close of the current financing round but no
later than August 15th, 2018.

 

Applicable Conversion Price Per Share:
$0.164025

 

Number of Shares of Common Stock Issuable
at Conversion Price: <<CommonA>>

 

Number of Shares of Common Stock Issuable
as Payment for Accrued and Unpaid Dividends, from the date of inception through August 15, 2018: <<Div Common>>

 

Calculation: Based on Accrued Dividends
of <<Dividends>> as of August 15, 2018

 

Aggregate Number of Shares of Common Stock
Issuable Pursuant to Conversion: <<Total Common>>

 

Incentive Warrant: Additional $0.30 Warrant
Coverage for Conversion of Preferred Shares and Accrued Dividends as of August, 15 2018: <<Incentive Warrant>>

 

Calculation = <<Total Common>>
x 50% = <<Incentive Warrant>>

 

Certificate(s) for all of the Series A Convertible Preferred Stock owned by the undersigned is being delivered herewith.

 

	By:	                	 
	<<Investor>>	 
	Name:	 	 
	Title:	 	 
	Date: 	 	 

 

Deliveries Pursuant to this Notice of Conversion Should
Be Made to:

 

Jerrick Media Holdings, INC

2050 Center Ave, Suite 640

Fort Lee, NJ 07024

 

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