Document:

License
Agreement

 

THIS
LICENSE AGREEMENT (this “Agreement”), made and entered into this 23 day of August, 2017, is by and between
MASSROOTS, INC., a Delaware corporation, (“MassRoots”) and REGS TECHNOLOGY, LLC, a Colorado limited lability
company (“Company”). MassRoots and Company may also be referred to in this Agreement individually as a “Party”
or collectively as the “Parties”.

 

WHEREAS,
MassRoots, CannaRegs, Inc. (“CannaRegs”), MassRoots Legal Technology, Inc. (“MLT”) and the
Stockholder Representative (“SR”) are all parties to that certain Agreement and Plan of Merger, dated August
23, 2017, providing for, among other things, the acquisition of all of the issued and outstanding shares of common stock of CannaRegs
by MassRoots (the “Merger”), on the terms and conditions as specified therein, a copy of which is attached
hereto as Exhibit A (the “Merger Agreement”);

 

WHEREAS,
upon the closing of the Merger, MassRoots shall own all of the CannaRegs Intellectual Property (as defined below);

 

WHEREAS,
the CannaRegs Intellectual Property consists of, in part, the CannaRegs Cannabis Intellectual Property (as defined below)
and the CannaRegs Non-Cannabis Intellectual Property (as defined below); and

 

WHEREAS,
Company desires to license from MassRoots and MassRoots desires to license to Company, the CannaRegs Non-Cannabis Intellectual
Property (as defined below) on the terms and conditions set forth herein.

 

NOW,
THEREFORE, in consideration of the respective representations, warranties, covenants, agreements and conditions contained
herein, the parties hereto agree as follows:

 

		1.	Definitions.
                                         As used herein, the following terms have the following designated meaning:

 

    	 	1	 

     

    

“Affiliate”
means with respect to a specified person or entity, any other person or entity which controls, is controlled by, or is under
common control with the specified person or entity.

 

“CannaRegs
Cannabis Intellectual Property” means all CannaRegs Intellectual Property that solely relates to the cannabis industry,
including data and information regarding the cannabis industry.

 

“CannaRegs
Non-Cannabis Intellectual Property” means all CannaRegs Intellectual Property that does not solely relate to the cannabis
industry, including the source code and platform held by CannaRegs immediately prior to the Merger.

“CannaRegs
Intellectual Property” means all Company Intellectual Property, and any and all relating Intellectual Property thereafter
conceived, derived, developed or put into practice by Company or Parent.

“Territory”
means the world.

 

		2.	License
                                         Grant.

 

MassRoots
hereby grants to Company, on the terms and conditions of this Agreement, an exclusive, irrevocable, perpetual, sublicensable,
royalty-free license (the “License”) to the CannaRegs Non-Cannabis Intellectual Property (except as expressly
provided in Section 6) in the Territory for any lawful purpose; provided that Company may not use the CannaRegs Non-Cannabis Intellectual
Property in connection with the cannabis industry. Notwithstanding the foregoing, the Parties acknowledge and agree that MassRoots
shall use the CannaRegs Non-Cannabis Intellectual Property solely in connection with the cannabis industry. Except for the License,
all intellectual property rights in and to the CannaRegs Non-Cannabis Intellectual Property shall remain the property of MassRoots,
exclusively. Company shall have no rights, title or interest in or to the CannaRegs Non-Cannabis Intellectual Property except
as expressly set forth in this Agreement.

 

		3.	Term.

 

The
term of this Agreement shall commence on the date of this Agreement and continue in perpetuity subject to the terms and conditions
contained in this Agreement.

 

4.       Relationship
of the Parties.

 

Company
shall act as an independent contractor in the performance of this Agreement, and shall not act as agent for or partner of MassRoots
without the consent of MassRoots. Nothing in this Agreement shall be deemed to constitute, create, give effect to or otherwise
recognize a joint venture, partnership, or formal business entity of any kind, and the rights and obligations of the Parties shall
be limited to those expressly set forth herein. Nothing contained in this Agreement shall be construed as providing for the sharing
of profits or losses arising out of the efforts of either or both Parties.

 

    	 	2	 

     

    

This
Agreement has been entered into solely for the benefit of the Parties and is not intended to create any legal, equitable, or beneficial
interest in any third party, or to vest in any third party, any interest with respect to the enforcement or performance of this
Agreement. The Parties agree that no third party has any legal interest in this Agreement, or in any dispute arising hereunder,
and that no third party is a necessary or indispensable party to any action or proceeding for the resolution of such disputes.
The Parties further agree not to assert in any such proceeding that any third party is necessary or indispensable to such proceeding
or to a determination of the relief to be granted therein.

 

5.       Confidentiality.

 

Company
shall maintain the confidentiality of the CannaRegs Non-Cannabis Intellectual Property and other information which Company receives
from MassRoots, including any information regarding the CannaRegs Intellectual Property, pursuant to this Agreement or otherwise
to the same extent that Company would maintain the confidentiality of its own similar information. The foregoing shall not restrict
Company’s ability to disclose the CannaRegs Non-Cannabis Intellectual Property to third parties contracted by Company to
utilize the CannaRegs Non-Cannabis Intellectual Property provided that Company ensures that such third party is obligated to maintain
the confidentiality of the CannaRegs Non-Cannabis Intellectual Property to the same extent as Company is obligated as provided
herein. Company shall also protect the CannaRegs Non-Cannabis Intellectual Property through instructions to its employees, access
limitations, and the like, no less securely than if it were Company’s own intellectual property, if any. Company shall not
use the CannaRegs Non-Cannabis Intellectual Property except to the extent permitted hereunder. No CannaRegs Non-Cannabis Intellectual
Property shall be transferred, reproduced or used in any way, other than as expressly permitted by this Agreement.

 

6.       Infringement

 

Company
will defend, at its own expense, any action against MassRoots based on a claim that the CannaRegs Non-Cannabis Intellectual Property
infringes a United States or foreign patent, or United States or foreign copyright or involves misappropriation of a trade secret
to the extent that such claim relates to Company’s usage of the CannaRegs Non-Cannabis Intellectual Property. Company will
pay such damages or costs as are finally awarded against MassRoots for such infringement or misappropriation provided that MassRoots
gives Company: (a) prompt written notice of any such action and of all prior related claims; (b) sole control of the defense and
settlement of such action; and (c) full cooperation (at Company’s expense) in any defense or settlement. Company shall not
be liable for any fees, costs or damages incurred without such prior written notice, control and cooperation and/or that do not
relate to Company’s usage of the CannaRegs Non-Cannabis Intellectual Property.

 

Should
any CannaRegs Non-Cannabis Intellectual Property become, or in Company's opinion be likely to become, the subject of a claim of
infringement or trade secret misappropriation as set forth herein, Company shall, at its option and expense either: (a) obtain
for itself the right to continue using the CannaRegs Non-Cannabis Intellectual Property; (b) replace or modify the CannaRegs Non-Cannabis
Intellectual Property so its use becomes non-infringing or otherwise lawful; or (c) discontinue using the infringing portion of
the CannaRegs Non-Cannabis Intellectual Property.

 

    	 	3	 

     

    

MassRoots
shall have no liability for any claim of infringement of a patent, copyright or other intellectual property right or trade secret
misappropriation, based on the use of the CannaRegs Non-Cannabis Intellectual Property under this Agreement to the extent that
the CannaRegs Non-Cannabis Intellectual Property is held by CannaRegs immediately prior to the Merger.

 

This
Section 6 states Company’s exclusive remedy and MassRoots’ sole liability for the CannaRegs Non-Cannabis Intellectual
Property, that is held by CannaRegs immediately prior to the Merger, infringing on the intellectual property rights of third parties
or constituting a misappropriation of the trade secrets of third parties.

 

7.       Injunctive
Relief.

 

Company
acknowledges that monetary damages may be an insufficient remedy for damages resulting from the unauthorized use of the CannaRegs
Non-Cannabis Intellectual Property and that MassRoots shall be entitled, without waiving or limiting any other rights or remedies,
to obtain such injunctive or other equitable relief as may be deemed appropriate by a court of competent jurisdiction. Nothing
herein shall be construed as prohibiting or limiting MassRoots from pursuing any other available remedy for unauthorized use or
disclosure or for breach or threatened breach of this Agreement.

 

8.
        Indemnity

 

Except
to the extent caused by MassRoots, Company shall fully indemnify and hold harmless MassRoots from and against any and all claims,
damages, demands, suits, actions, judgments, liabilities, defaults, or costs and expenses, including court costs and reasonable
fees of outside counsel, arising from or related to claims made against MassRoots or as a result of (a) any damage or injury to
a third party which is caused by the use of CannaRegs Non-Cannabis Intellectual Property in any manner by Company; or (b) any
and all expenses, liability, and loss of any kind arising out of claims, suits, or actions alleging infringement, misuse, or misappropriation
of third party intellectual property by the use of the CannaRegs Non-Cannabis Intellectual Property, that is held by CannaRegs
immediately prior to the Merger, in any manner by Company.

 

In
no event shall the MassRoots be liable to Company or any third party for any special, punitive, exemplary, indirect, incidental
or consequential damages (including, without limitation, loss of goodwill, loss of profits or revenues, loss of use and business
interruption) that are claimed to be incurred by Company or any third party whether such claim arises under contract, tort( including
strict liability), indemnity or other theory or law, even if MassRoots has been advised of the possibility of such damages.

 

    	 	4	 

     

    

9.       Insurance

 

Prior
to sublicensing the CannaRegs Non-Cannabis Intellectual Property to any third party, Company shall, at its sole cost and expense,
procure and maintain commercial general liability insurance in amounts not less than $250,000 per incident and $1,000,000 annual
aggregate, and Company shall use reasonable efforts to have MassRoots named as additional insured. Such commercial general liability
insurance shall provide (i) product liability coverage; (ii) broad form contractual liability coverage for Company’s indemnification
under this Agreement; and (iii) coverage for litigation costs. The minimum amounts of insurance coverage required shall not be
construed to create a limit of Company’s liability with respect to its indemnification under this Agreement.

 

Company
shall provide MassRoots with written evidence of such insurance upon MassRoots’ request. Company shall provide MassRoots
with written notice of at least fifteen (15) days prior to the cancellation, non-renewal or material change in such insurance.

 

Company
shall maintain such commercial general liability insurance beyond the expiration or termination of this Agreement during (i) the
period that any CannaRegs Non-Cannabis Intellectual Property sold or serviced pursuant to this Agreement is being commercial distributed
or sold by Company or agent of Company; and (ii) the three (3) year period immediately after such period.

 

10.
       Default and Termination

 

The
Parties may terminate this Agreement by mutual consent in writing.

 

MassRoots
may, by written notice to Company, terminate this Agreement if any of the following events occur:

 

(i)
any breach of any material term or obligation of this Agreement if not remedied within thirty (30) days after Company receives
written notice of such breach, provided that this time will be extended to the extent Company has made a good faith effort to
resolve any such breach; or

 

(ii)
Company is sold and its successor is unwilling to assume Company’s obligation under this Agreement, or refuses to enter
into an assumption of obligations agreement or similar agreement; or

 

(iv)
Company has either voluntarily or involuntarily had a proceeding commenced under any of the provisions of the Federal Bankruptcy
Act or had a trustee or receiver of appointed by any court over a substantial portion of Company’s assets and any such proceeding
is not terminated on or within sixty (60) days; or ceases doing business as a going concern.

 

    	 	5	 

     

    

Company’s
right to use the CannaRegs Non-Cannabis Intellectual Property shall cease upon termination under this section without further
action. Within fifteen (15) days of such termination, Company shall return to MassRoots the CannaRegs Non-Cannabis Intellectual
Property, including the original and all copies, together with a certification by a duly authorized representative of Company
that all copies not returned have been destroyed.

 

Termination
shall be in addition to, and not a waiver of, any remedy available to either Party at law, equity or under this Agreement.

 

Notwithstanding
the foregoing, the provisions of Section 4 (Relationship of the Parties), 5 (Confidentiality), 6 (Infringement), 8 (Indemnity),
9 (Insurance), and 13 (Governing Law and Language) shall survive any termination.

 

11.       Assignment.
This Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and permitted assigns. This Agreement may not be assigned by Company without the written consent of MassRoots,
which shall not be unreasonably withheld, conditioned or delayed, other than to an Affiliate of Company with written notice to
MassRoots and provided such Affiliate expressly assumes the obligations of Company hereunder.

 

12.       Entire
Agreement and Counterparts.

 

This
Agreement is a complete and exclusive statement of the terms of the agreement between the Parties with respect to the subject
matter hereof and may not be changed, terminated or modified or waived except by an instrument in writing executed by both Parties.
This Agreement may be executed in counterparts, each of which shall be considered an original, but all of which together shall
constitute the same instrument. No waiver by MassRoots or Company of any breach of or default under this Agreement shall constitute
a waiver of any subsequent breach or default.

 

13.       Governing
Law and Language

 

Regardless
of its place of negotiation, execution, or performance, this Agreement shall be enforced and interpreted in accordance with the
laws of the State of Delware, without regard to that state’s choice of law statutes and provisions, as well as in accordance
with applicable federal procurement law as enunciated in decisions of administrative boards and the federal courts.

 

    	 	6	 

     

    

14.       Dispute
Resolution

 

Any
claim for the threatened, alleged, or actual breach of this Agreement by either Party (a “Dispute”), which
cannot otherwise be resolved after good faith negotiations by the Parties, shall first be referred for resolution to the Parties’
respective executive management in writing.

 

If
the Parties' executive management are unable to resolve the claim, controversy or other matter within thirty (30) calendar days
of such referral including after due consideration of available alternate dispute resolution methods, then either Party may file
suit in a court of competent jurisdiction.

 

Notwithstanding
the above, either Party may immediately seek injunctive relief in a court of competent jurisdiction against improper use, disclosure,
or threatened improper use or disclosure of Intellectual Property.

 

15.       Publicity
and News Releases

 

Except
as otherwise required by law or regulation, no news release, public announcement, advertisement or publicity concerning this Agreement,
any proposals, sales brochures, advertising, promotional material, resulting contracts, or subcontracts to be carried out hereunder,
shall be released by either Party without the prior written approval of the other Party. Such approval shall not be unreasonably
withheld.

 

16.       Option
to Purchase. On or within one hundred twenty (120) days following an Option Event (the “Option Period”),
Company may elect to purchase and acquire the CannaRegs Non-Cannabis Intellectual Property for the sum of $50,000 (the “Option”)
by providing written notice to MassRoots of its election to exercise the Option (the “Option Notice”). The
closing in connection with the exercise of the Option shall occur on or within fifteen (15) days following the date of the Option
Notice. At Closing, MassRoots shall assign and transfer ownership of the CannaRegs Non-Cannabis Intellectual Property to Company
pursuant to a customary assignment to be negotiated by the Parties in good faith. “Option Event” means MassRoots
has either voluntarily or involuntarily had a proceeding commenced under any of the provisions of the Federal Bankruptcy Act or
had a trustee or receiver of appointed by any court over a substantial portion of MassRoot’s assets and any such proceeding
is not terminated on or within sixty (60) days; or ceases doing business as a going concern.

 

17.       Notices.

 

Any
notice or other communication given under this Agreement shall be in writing and shall be (i) delivered personally; (ii) sent
by documented overnight delivery service; (iii) sent by facsimile transmission, provided that evidence of successful transmission
is received by the sender; or (iv) sent by first class mail, postage prepaid. Such notice shall be deemed to have been duly given
(i) on the date of delivery, if delivered personally; (ii) on the business day after dispatch by documented overnight delivery
service, if sent in such manner; (iii) on the date of facsimile transmission, if so transmitted; or (iv) on the fifth business
day after sent by first class mail, postage prepaid, if sent in such manner. Notices or other communications shall be directed
to the following addresses:

    	 	7	 

     

    

 

Notices
to MassRoots:

 

MassRoots,
Inc.

1624
Market Street, Suite 201

Denver,
CO 80202

Attention:
Isaac Dietrich, CEO

 

Notices
to Company:

 

Regs
Technology, LLC

1776
Race St., 109

Denver,
CO 80206

Attention:
Amanda Ostrowitz, Manager

 

Either
party may, by notice given in accordance with Section 16, specify a new address for notices under this Agreement.

 

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

 

 

	 	 
	MASSROOTS,
                                         INC.

         

         

         

        By:_____________________________________

        Name:
        Isaac Dietrich

        Title:
        Chief Executive Officer
	REGS
                                         TECHNOLOGY LLC

         

         

         

        By:_____________________________________

        Name:
        Amanda Ostrowitz

        Title:
        Officer

	 	 

 

    	 	8	 

     

    

 

 

EXHIBIT
A

(MERGER
AGREEMENT)

 

See
attachment.

 

    	 	9joinder
agreement to AGREEMENT AND PLAN OF MERGER

THIS
JOINDER AGREEMENT TO AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of [_____], 2017, is made
by [_________________] (the “Stockholder”), a stockholder of CannaRegs, Inc., a Delaware corporation
(“Company”), and delivered to MassRoots, Inc., a Delaware corporation (“Parent”).

RECITALS

WHEREAS,
on [_____], Company, Parent, MassRoots Legal Technology, Inc., a Delaware corporation (“Merger Sub”) and Amanda
Ostrowitz, an individual acting solely in her capacity as Stockholder Representative (“Stockholder Representative”)
entered into an Agreement and Plan of Merger (the “Merger Agreement”);

WHEREAS,
pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company, the Company will survive that merger as
a wholly-owned subsidiary of Parent (the “Merger”), and all Stockholders will receive, in exchange for such
Stockholders’ shares of common stock of the Company, 30,000,000 shares of common stock of Parent distributed pro rata
among the Stockholders, on the terms and subject to the conditions set forth therein; and

WHEREAS,
as a condition to closing the Merger, each Stockholder must deliver a signed copy to Parent of this Agreement, whereby each Stockholder
will accept, ratify and join the terms of the Merger Agreement and make the further representations to Parent set forth herein,
and Parent must acknowledge and accept each such Agreement.

NOW,
THEREFORE, the Stockholder hereby agrees as follows with all parties to the Merger Agreement:

ARTICLE
I

Defined terms

All
capitalized terms used but not defined herein shall of the definition given to such terms in the Merger Agreement.

ARTICLE
II

JOINDER

Stockholder
hereby irrevocably, absolutely and unconditionally becomes a party to the Merger Agreement as a Stockholder and agrees to be bound
by all the terms, conditions, covenants, obligations, liabilities and undertakings of each Stockholder or to which each Stockholder
is subject thereunder, all with the same force and effect as if the Stockholder were a signatory to the Merger Agreement. Further,
the Stockholder hereby agrees and acknowledges that it has authorized and appointed Stockholder Representative to act on its behalf,
as set forth in Section 11.01 of the Merger Agreement.

    	 	1	 

     

    

ARTICLE
III

Representations and warranties of the stockholder

Stockholder
hereby represents and warrants to Parent and Merger Sub that the statements contained below are true and correct as of the date
hereof.

Section
3.01           Authorization
and Power. Stockholder has the legal capacity and power to enter
into the Merger Agreement. Stockholder has the requisite power and authority to enter into and perform the Merger Agreement and
to accept the Merger Share Consideration. The execution, delivery and performance of the Merger Agreement by Stockholder has been
duly authorized by all necessary action, and no further consent or authorization of Stockholder is required. The Merger Agreement
has been duly authorized, executed and delivered by Stockholder and constitutes, or shall constitute, when executed and delivered,
a valid and binding obligation of Stockholder, enforceable against Stockholder in accordance with the terms hereof.

Section
3.02           Information
on Stockholder. Stockholder is experienced in investments and
business matters, has made investments of a speculative nature and has purchased or acquired securities of United States publicly-owned
companies in the past and, with its representatives, has such knowledge and experience in financial, tax and other business matters
as to enable Stockholder to utilize the information available concerning Parent to evaluate the merits and risks of, and to make
an informed investment decision with respect to, the transactions contemplated by the Merger Agreement. Stockholder has the authority
and is duly and legally qualified to acquired and own the Merger Share Consideration. Stockholder acknowledges that an investment
in Parent Common Stock is highly speculative and Stockholder is able to bear the risk of such investment for an indefinite period
and to afford a complete loss thereof.

Section
3.03           Acquisition
of Parent Common Stock. Upon consummation of the transactions
contemplated by the Merger Agreement, Stockholder will acquire Parent Company Stock, represented by the Merger Share Consideration,
for its own account for investment and not with a view toward, or for resale in connection with, the public sale or any distribution
thereof in violation of the Securities Act of 1933, as amended, or any applicable state securities law, and has no direct or indirect
arrangement or understandings with any other person or entity to distribute or regarding the distribution of shares of Parent
Common Stock.

Section
3.04           Receipt
of Information. Stockholder believes it has received all the
information it considers necessary or appropriate for deciding whether to enter into the Merger Agreement and to accept the Merger
Share Consideration. Stockholder further represents that through its representatives it has had an opportunity to ask questions
and receive answers concerning Parent regarding the terms and conditions of the Merger Agreement and the business, properties
and financial condition Parent, and to obtain additional information reasonably necessary to verify the accuracy of any information
furnished to it or to which it had access.

Section
3.05           Compliance
with Securities Act. Stockholder understands and agrees that
the Parent Company Stock, represented by the Merger Share Consideration, that it will acquire upon consummation of the transactions
contemplated hereby has not been registered under the Securities Act of 1933, as amended, or any applicable state securities laws
by reason of their issuance in a transaction that does not require registration under the Securities Act of 1933, as amended,
and that such securities must be held indefinitely unless a subsequent disposition is registered under the Securities Act of 1933,
as amended, or any applicable state securities laws or is exempt from such registration.

Section
3.06           Share
Legend. Subject to Section 6.08 of the Merger Agreement, upon
consummation of the transactions contemplated by the Merger Agreement, shares of Parent Company Stock, represented by the Merger
Share Consideration, issued to Stockholder will be restricted, and will bear the following or similar legend, upon issuance:

    	 	2	 

     

    

THE
SECURITIES WHICH ARE REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD, TRANSFERRED, HYPOTHECATED OR OTHERWISE DISPOSED OF UNTIL A REGISTRATION STATEMENT WITH RESPECT THERETO IS DECLARED EFFECTIVE
UNDER SUCH ACT, OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR THE COMPANY THAT AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS
OF SUCH ACT IS AVAILABLE.

ARTICLE
IV

Miscellaneous

Section
4.01           Notices.
All notices, requests, consents, claims, demands, waivers and
other communications hereunder shall be delivered in accordance with the Merger Agreement.

Section
4.02           Severability;
Headings. The provisions of this Agreement are independent of
and separable from each other. If any provision hereof shall for any reason be held invalid or unenforceable, such invalidity
or unenforceability shall not affect the validity or enforceability of any other provision hereof, but this Agreement shall be
construed as if such invalid or unenforceable provision had never been contained herein. The headings in this Agreement are for
reference only and shall not affect the interpretation of this Agreement.

Section
4.03           Amendment
and Modification. This Agreement may only be amended, modified
or supplemented by an agreement in writing signed by all parties to the Merger Agreement, including all Stockholders joined to
the Merger Agreement.

Section
4.04           Governing
Law; Submission to Jurisdiction; Waiver of Jury Trial. This
Agreement shall be governed by and construed in accordance with the internal laws of the State of Colorado without giving effect
to any choice or conflict of law provision or rule (whether of the State of Colorado or any other jurisdiction). The provisions
of Section 11.11 of the Merger Agreement are hereby incorporated by reference as if fully set forth herein.

Section
4.05           Counterparts.
This Agreement may be executed in counterparts, each of which
shall be deemed an original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this
Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect
as delivery of an original signed copy of this Agreement.

[SIGNATURE
PAGE FOLLOWS]

    	 	3	 

     

    

IN
ENTERING INTO THIS AGREEMENT, THE PARTIES ACKNOWLEDGE THAT THEY HAVE RELIED UPON THE LEGAL ADVICE OF THEIR RESPECTIVE ATTORNEYS,
WHO ARE THE ATTORNEYS OF THEIR OWN CHOOSING, THAT SUCH TERMS ARE FULLY UNDERSTOOD AND VOLUNTARILY ACCEPTED BY THEM, AND THAT,
OTHER THAN THE CONSIDERATION SET FORTH HEREIN, NO PROMISES OR REPRESENTATIONS OF ANY KIND HAVE BEEN MADE TO THEM BY THE OTHER
PARTY. THE PARTIES REPRESENT AND ACKNOWLEDGE THAT IN EXECUTING THIS AGREEMENT THEY DID NOT RELY, AND HAVE NOT RELIED, UPON ANY
REPRESENTATION OR STATEMENT, WHETHER ORAL OR WRITTEN, MADE BY THE OTHER PARTY OR BY THAT OTHER PARTY'S AGENTS, REPRESENTATIVES,
OR ATTORNEYS WITH REGARD TO THE SUBJECT MATTER, BASIS, OR EFFECT OF THIS AGREEMENT OR OTHERWISE. THE PARTIES HEREBY ACKNOWLEDGE
THAT THOMPSON HINE LLP IS COUNSEL TO PARENT AND MERGER SUB, AND HAS NOT REPRESENTED THE COMPANY OR THE STOCKHOLDER REPRESENTATIVE
IN THE NEGOTIATION OF THIS AGREEMENT, THE ANCILLARY DOCUMENTS, AND THE TRANSACTIONS CONTEMPLATED THEREBY.

IN
WITNESS WHEREOF, the undersigned Stockholder has caused this Agreement to be executed as of the date first written above by their
respective officers thereunto duly authorized.

 

 

STOCKHOLDER:

(“Shares”
indicates the number of shares of common stock of CannaRegs, Inc. held by Stockholder)

 

 

 

By:

Name:

Shares:

Date:

 

 

AGREED
TO AND ACCEPTED:

 

MASSROOTS,
INC.

 

 

By:

Name:       Isaac
Dietrich

Title:
       Chief Executive Officer

 

 

MASSROOTS
LEGAL TECHNOLOGY, INC.

 

 

By:

Name:       Isaac
Dietrich

Title:       Authorized
Representative

    	 	4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]