Document:

EXHIBIT 10.8

 

SECURITIES PURCHASE AGREEMENT

 

This SECURITIES
PURCHASE AGREEMENT (the “Agreement”), dated as of January 8, 2014, by and between Players Network, a Nevada
corporation, with headquarters located at 1771 E. Flamingo Road #201-A, Las Vegas, NV 89119 (the “Company”), and LG
Capital Funding, LLC., a New York corporation, with its address at 1218 Union Street, Suite #2, Brooklyn, NY 11225 (the “Buyer”).

 

WHEREAS:

 

A.           The Company and the Buyer are executing and delivering this Agreement in reliance upon the exemption from securities registration
afforded by the rules and regulations as promulgated by the United States Securities and Exchange Commission (the “SEC”)
under the Securities Act of 1933, as amended (the “1933 Act”);

 

B.           Buyer desires to purchase and the Company desires to issue and sell, upon the terms and conditions set forth in this Agreement
two 8% convertible notes of the Company, in the forms attached hereto as Exhibit A and B, each in the aggregate principal amount
of $25,500.00 each (together with any note(s) issued in replacement thereof or as a dividend thereon or otherwise with respect
thereto in accordance with the terms thereof, the “Note”), convertible into shares of common stock, $0.001 par value
per share, of the Company (the “Common Stock”), upon the terms and subject to the limitations and conditions set forth
in such Note. The first of the two notes (the “First Note”) shall be paid for by the Buyer as set forth herein. The
second of the note (the “Second Note”) shall initially be paid for by the issuance of an offsetting $25,050.00 secured
note issued to the Company by the Buyer (“Buyer Note”), provided that prior to conversion of the Second Note, the Buyer
must have paid off the Buyer Note in cash such that the Second Note may not be converted until it has been paid for in cash.

 

C.           The Buyer wishes to purchase, upon the terms and conditions stated in this Agreement, such principal amount of Note as is
set forth immediately below its name on the signature pages hereto; and

 

NOW THEREFORE,
the Company and the Buyer severally (and not jointly) hereby agree as follows:

 

1.           Purchase and Sale of Note.

 

a.           Purchase of Note. On each Closing Date (as defined below), the Company shall issue and sell to the Buyer and the
Buyer agrees to purchase from the Company such principal amount of Note as is set forth immediately below the Buyer’s name
on the signature pages hereto.

 

_______

Company Initials

 

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b.           Form of Payment. On the Closing Date (as defined below), (i) the Buyer shall pay the purchase price for the Note
to be issued and sold to it at the Closing (as defined below) (the “Purchase Price”) by wire transfer of immediately
available funds to the Company, in accordance with the Company’s written wiring instructions, against delivery of the Note
in the principal amount equal to the Purchase Price as is set forth immediately below the Buyer’s name on the signature pages
hereto, and (ii) the Company shall deliver such duly executed Note on behalf of the Company, to the Buyer, against delivery
of such Purchase Price.

 

c.           Closing Date. The date and time of the first issuance and sale of the Note pursuant to this Agreement (the “Closing
Date”) shall be on or about January 8, 2014, or such other mutually agreed upon time. The closing of the transactions contemplated
by this Agreement (the “Closing”) shall occur on the Closing Date at such location as may be agreed to by the parties.
Subsequent Closings shall occur when the Buyer Note is repaid.

 

2.           Buyer’s Representations and Warranties. The Buyer represents and warrants to the Company that:

 

a.           Investment Purpose. As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable
upon conversion of or otherwise pursuant to the Note, such shares of Common Stock being collectively referred to herein as the
“Conversion Shares” and, collectively with the Note, the “Securities”) for its own account and not with
a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration
under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold
any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in
accordance with or pursuant to a registration statement or an exemption under the 1933 Act.

 

b.           Accredited Investor Status. The Buyer is an “accredited investor” as that term is defined in Rule 501(a)
of Regulation D (an “Accredited Investor”).

 

c.           Reliance on Exemptions. The Buyer understands that the Securities are being offered and sold to it in reliance upon
specific exemptions from the registration requirements of United States federal and state securities laws and that the Company
is relying upon the truth and accuracy of, and the Buyer’s compliance with, the representations, warranties, agreements,
acknowledgments and understandings of the Buyer set forth herein in order to determine the availability of such exemptions and
the eligibility of the Buyer to acquire the Securities.

 

d.           Information. The Buyer and its advisors, if any, have been, and for so long as the Note remain outstanding will continue
to be, 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 Buyer or its advisors. The Buyer and its advisors, if any,
have been, and for so long as the Note remain outstanding will continue to be, afforded the opportunity to ask questions of the
Company. Notwithstanding the foregoing, the Company has not disclosed to the Buyer any material nonpublic information and will
not disclose such information unless such information is disclosed to the public prior to or promptly following such disclosure
to the Buyer. Neither such inquiries nor any other due diligence investigation conducted by Buyer or any of its advisors or representatives
shall modify, amend or affect Buyer’s right to rely on the Company’s representations and warranties contained in Section
3 below. The Buyer understands that its investment in the Securities involves a significant degree of risk. The Buyer is not aware
of any facts that may constitute a breach of any of the Company's representations and warranties made herein.

 

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e.           Governmental Review. The Buyer 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.

 

f.           Transfer or Re-sale. The Buyer understands that (i) the sale or re-sale of the Securities has not been and is not
being registered under the 1933 Act or any applicable state securities laws, and the Securities may not be transferred unless (a) the
Securities are sold pursuant to an effective registration statement under the 1933 Act, (b) the Buyer shall have delivered
to the Company, at the cost of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions
of counsel in comparable transactions to the effect that the Securities to be sold or transferred may be sold or transferred pursuant
to an exemption from such registration, which opinion shall be accepted by the Company, (c) the Securities are sold or transferred
to an “affiliate” (as defined in Rule 144 promulgated under the 1933 Act (or a successor rule) (“Rule 144”))
of the Buyer who agrees to sell or otherwise transfer the Securities only in accordance with this Section 2(f) and who is an Accredited
Investor, (d) the Securities are sold pursuant to Rule 144, or (e) the Securities are sold pursuant to Regulation S under
the 1933 Act (or a successor rule) (“Regulation S”), and the Buyer shall have delivered to the Company, at the cost
of the Buyer, an opinion of counsel that shall be in form, substance and scope customary for opinions of counsel in corporate transactions,
which opinion shall be accepted by the Company; (ii) any sale of such Securities made in reliance on Rule 144 may be made only
in accordance with the terms of said Rule and further, if said Rule is not applicable, any re-sale of such Securities under circumstances
in which the seller (or the person through whom the sale is made) may be deemed to be an underwriter (as that term is defined in
the 1933 Act) may require compliance with some other exemption under the 1933 Act or the rules and regulations of the SEC thereunder;
and (iii) neither the Company nor any other person is under any obligation to register such Securities under the 1933 Act or any
state securities laws or to comply with the terms and conditions of any exemption thereunder (in each case). Notwithstanding the
foregoing or anything else contained herein to the contrary, the Securities may be pledged as collateral in connection with a bona
fide margin account or other lending arrangement.

 

g.           Legends. The Buyer understands that the Note and, until such time as the Conversion Shares have been registered under
the 1933 Act may be sold pursuant to Rule 144 or Regulation S without any restriction as to the number of securities as of a particular
date that can then be immediately sold, the Conversion Shares may bear a restrictive legend in substantially the following form
(and a stop-transfer order may be placed against transfer of the certificates for such Securities):

 

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“NEITHER THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES.”

 

The legend set forth
above shall be removed and the Company shall issue a certificate without such legend to the holder of any Security upon which it
is stamped, if, unless otherwise required by applicable state securities laws, (a) such Security is registered for sale under an
effective registration statement filed under the 1933 Act or otherwise may be sold pursuant to Rule 144 or Regulation S without
any restriction as to the number of securities as of a particular date that can then be immediately sold, or (b) such holder provides
the Company with an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions,
to the effect that a public sale or transfer of such Security may be made without registration under the 1933 Act, which opinion
shall be accepted by the Company so that the sale or transfer is effected. The Buyer agrees to sell all Securities, including those
represented by a certificate(s) from which the legend has been removed, in compliance with applicable prospectus delivery requirements,
if any. In the event that the Company does not accept the opinion of counsel provided by the Buyer with respect to the transfer
of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, within 2 business days, it will be
considered an Event of Default under the Note.

 

h.           Authorization; Enforcement. This Agreement has been duly and validly authorized. This Agreement has been duly executed
and delivered on behalf of the Buyer, and this Agreement constitutes a valid and binding agreement of the Buyer enforceable in
accordance with its terms.

 

i.           Residency. The Buyer is a resident of the jurisdiction set forth immediately below the Buyer’s name on the
signature pages hereto.

 

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3.           Representations and Warranties of the Company. The Company represents and warrants to the Buyer that:

 

a.           Organization and Qualification. The Company and each of its subsidiaries, if any, is a corporation duly organized,
validly existing and in good standing under the laws of the jurisdiction in which it is incorporated, with full power and authority
(corporate and other) to own, lease, use and operate its properties and to carry on its business as and where now owned, leased,
used, operated and conducted.

 

b.           Authorization; Enforcement. (i) The Company has all requisite corporate power and authority to enter into and perform
this Agreement, the Note and to consummate the transactions contemplated hereby and thereby and to issue the Securities, in accordance
with the terms hereof and thereof, (ii) the execution and delivery of this Agreement, the Note by the Company and the consummation
by it of the transactions contemplated hereby and thereby (including without limitation, the issuance of the Note and the issuance
and reservation for issuance of the Conversion Shares issuable upon conversion or exercise thereof) have been duly authorized by
the Company’s Board of Directors and no further consent or authorization of the Company, its Board of Directors, or its shareholders
is required, (iii) this Agreement has been duly executed and delivered by the Company by its authorized representative, and such
authorized representative is the true and official representative with authority to sign this Agreement and the other documents
executed in connection herewith and bind the Company accordingly, and (iv) this Agreement constitutes, and upon execution and delivery
by the Company of the Note, each of such instruments will constitute, a legal, valid and binding obligation of the Company enforceable
against the Company in accordance with its terms.

 

c.           Issuance of Shares. The Conversion Shares are duly authorized and reserved for issuance and, upon conversion of the
Note in accordance with its respective terms, will be validly issued, fully paid and non-assessable, and free from all taxes, liens,
claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights
of shareholders of the Company and will not impose personal liability upon the holder thereof.

 

d.           Acknowledgment of Dilution. The Company understands and acknowledges the potentially dilutive effect to the Common
Stock upon the issuance of the Conversion Shares upon conversion of the Note. The Company further acknowledges that its obligation
to issue Conversion Shares upon conversion of the Note in accordance with this Agreement, the Note is absolute and unconditional
regardless of the dilutive effect that such issuance may have on the ownership interests of other shareholders of the Company.

 

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e.           No Conflicts. The execution, delivery and performance of this Agreement, the Note by the Company and the consummation
by the Company of the transactions contemplated hereby and thereby (including, without limitation, the issuance and reservation
for issuance of the Conversion Shares) will not (i) conflict with or result in a violation of any provision of the Certificate
of Incorporation or By-laws, or (ii) violate or conflict with, or result in a breach of any provision of, or constitute a default
(or an event which with notice or lapse of time or both could become a default) under, or give to others any rights of termination,
amendment, acceleration or cancellation of, any agreement, indenture, patent, patent license or instrument to which the Company
or any of its subsidiaries is a party, or (iii) result in a violation of any law, rule, regulation, order, judgment or decree (including
federal and state securities laws and regulations and regulations of any self-regulatory organizations to which the Company or
its securities are subject) applicable to the Company or any of its subsidiaries or by which any property or asset of the Company
or any of its subsidiaries is bound or affected (except for such conflicts, defaults, terminations, amendments, accelerations,
cancellations and violations as would not, individually or in the aggregate, have a material adverse effect). All consents, authorizations,
orders, filings and registrations which the Company is required to obtain pursuant to the preceding sentence have been obtained
or effected on or prior to the date hereof. The Company is not in violation of the listing requirements of the Over-the-Counter
Quotations Bureau (the “OTCQB”) and does not reasonably anticipate that the Common Stock will be delisted by the OTCQB
in the foreseeable future, nor are the Company’s securities “chilled” by FINRA. The Company and its subsidiaries
are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

f.           Absence of Litigation. Except as disclosed in the Company’s public filings, there is no action, suit, claim,
proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body
pending or, to the knowledge of the Company or any of its subsidiaries, threatened against or affecting the Company or any of its
subsidiaries, or their officers or directors in their capacity as such, that could have a material adverse effect. Schedule 3(f)
contains a complete list and summary description of any pending or, to the knowledge of the Company, threatened proceeding against
or affecting the Company or any of its subsidiaries, without regard to whether it would have a material adverse effect. The Company
and its subsidiaries are unaware of any facts or circumstances which might give rise to any of the foregoing.

 

g.           Acknowledgment Regarding Buyer’ Purchase of Securities. The Company acknowledges and agrees that the Buyer
is acting solely in the capacity of arm’s length purchasers with respect to this Agreement and the transactions contemplated
hereby. The Company further acknowledges that the Buyer is not acting as a financial advisor or fiduciary of the Company (or in
any similar capacity) with respect to this Agreement and the transactions contemplated hereby and any statement made by the Buyer
or any of its respective representatives or agents in connection with this Agreement and the transactions contemplated hereby is
not advice or a recommendation and is merely incidental to the Buyer’ purchase of the Securities. The Company further represents
to the Buyer that the Company’s decision to enter into this Agreement has been based solely on the independent evaluation
of the Company and its representatives.

 

h.           No Integrated Offering. Neither the Company, nor any of its affiliates, nor ay person acting on its or their behalf,
has directly or indirectly made any offers or sales in any security or solicited any offers to buy any security under circumstances
that would require registration under the 1933 Act of the issuance of the Securities to the Buyer. The issuance of the Securities
to the Buyer will not be integrated with any other issuance of the Company’s securities (past, current or future) for purposes
of any shareholder approval provisions applicable to the Company or its securities.

 

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i.           Title to Property. The Company and its subsidiaries have good and marketable title in fee simple to all real property
and good and marketable title to all personal property owned by them which is material to the business of the Company and its subsidiaries,
in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(i) or such as would
not have a material adverse effect. Any real property and facilities held under lease by the Company and its subsidiaries are held
by them under valid, subsisting and enforceable leases with such exceptions as would not have a material adverse effect.

 

j.           Breach of Representations and Warranties by the Company. If the Company breaches any of the representations or warranties
set forth in this Section 3, and in addition to any other remedies available to the Buyer pursuant to this Agreement, it will be
considered an Event of default under the Note.

 

4.           COVENANTS.

 

a.           Expenses. At the Closing, the Company shall reimburse Buyer for expenses incurred by them in connection with the
negotiation, preparation, execution, delivery and performance of this Agreement and the other agreements to be executed in connection
herewith (“Documents”), including, without limitation, reasonable attorneys’ and consultants’ fees and
expenses, transfer agent fees, fees for stock quotation services, fees relating to any amendments or modifications of the Documents
or any consents or waivers of provisions in the Documents, fees for the preparation of opinions of counsel, escrow fees, and costs
of restructuring the transactions contemplated by the Documents. When possible, the Company must pay these fees directly, otherwise
the Company must make immediate payment for reimbursement to the Buyer for all fees and expenses immediately upon written notice
by the Buyer or the submission of an invoice by the Buyer. The Company’s obligation with respect to this transaction is to
reimburse Buyer’ expenses shall be $1,500 in legal fees which shall be deduced from each Note when funded.

 

b.           Listing. The Company shall promptly secure the listing of the Conversion Shares upon each national securities exchange
or automated quotation system, if any, upon which shares of Common Stock are then listed (subject to official notice of issuance)
and, so long as the Buyer owns any of the Securities, shall maintain, so long as any other shares of Common Stock shall be so listed,
such listing of all Conversion Shares from time to time issuable upon conversion of the Note. The Company will obtain and, so long
as the Buyer owns any of the Securities, maintain the listing and trading of its Common Stock on the OTCQB or any equivalent replacement
exchange, the Nasdaq National Market (“Nasdaq”), the Nasdaq SmallCap Market (“Nasdaq SmallCap”), the New
York Stock Exchange (“NYSE”), or the American Stock Exchange (“AMEX”) and will comply in all respects with
the Company’s reporting, filing and other obligations under the bylaws or rules of the Financial Industry Regulatory Authority
(“FINRA”) and such exchanges, as applicable. The Company shall promptly provide to the Buyer copies of any notices
it receives from the OTCQB and any other exchanges or quotation systems on which the Common Stock is then listed regarding the
continued eligibility of the Common Stock for listing on such exchanges and quotation systems.

 

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c.           Corporate Existence. So long as the Buyer beneficially owns any Note, the Company shall maintain its corporate existence
and shall not sell all or substantially all of the Company’s assets, except in the event of a merger or consolidation or
sale of all or substantially all of the Company’s assets, where the surviving or successor entity in such transaction (i)
assumes the Company’s obligations hereunder and under the agreements and instruments entered into in connection herewith
and (ii) is a publicly traded corporation whose Common Stock is listed for trading on the OTCQB, Nasdaq, Nasdaq SmallCap, NYSE
or AMEX.

 

d.           No Integration. The Company shall not make any offers or sales of any security (other than the Securities) under
circumstances that would require registration of the Securities being offered or sold hereunder under the 1933 Act or cause the
offering of the Securities to be integrated with any other offering of securities by the Company for the purpose of any stockholder
approval provision applicable to the Company or its securities.

 

e.           Breach of Covenants. If the Company breaches any of the covenants set forth in this Section 4, and in addition to
any other remedies available to the Buyer pursuant to this Agreement, it will be considered an event of default under the Note.

 

5.           Governing Law; Miscellaneous.

 

a.           Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New
York without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions
contemplated by this Agreement shall be brought only in the state courts of New York or in the federal courts located in the state
and county of New York. The parties to this Agreement hereby irrevocably waive any objection to jurisdiction and venue of any action
instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens.
The Company and Buyer waive trial by jury. The prevailing party shall be entitled to recover from the other party its reasonable
attorney's fees and costs. In the event that any provision of this Agreement or any other agreement delivered in connection herewith
is invalid or unenforceable under any applicable statute or rule of law, then such provision shall be deemed inoperative to the
extent that it may conflict therewith and shall be deemed modified to conform with such statute or rule of law. Any such provision
which may prove invalid or unenforceable under any law shall not affect the validity or enforceability of any other provision of
any agreement. Each party hereby irrevocably waives personal service of process and consents to process being served in any suit,
action or proceeding in connection with this Agreement or any other Transaction Document by mailing a copy thereof via registered
or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under
this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by law.

 

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b.           Counterparts; Signatures by Facsimile. This Agreement may be executed in one or more counterparts, each of which
shall be deemed an original but all of which shall constitute one and the same agreement and shall become effective when counterparts
have been signed by each party and delivered to the other party. This Agreement, once executed by a party, may be delivered to
the other party hereto by facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this
Agreement.

 

c.           Headings. The headings of this Agreement are for convenience of reference only and shall not form part of, or affect
the interpretation of, this Agreement.

 

d.           Severability. In the event that any provision of this Agreement is invalid or unenforceable under any applicable
statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall
be deemed modified to conform with such statute or rule of law. Any provision hereof which may prove invalid or unenforceable under
any law shall not affect the validity or enforceability of any other provision hereof.

 

e.           Entire Agreement; Amendments. This Agreement and the instruments referenced herein contain the entire understanding
of the parties with respect to the matters covered herein and therein and, except as specifically set forth herein or therein,
neither the Company nor the Buyer makes any representation, warranty, covenant or undertaking with respect to such matters. No
provision of this Agreement may be waived or amended other than by an instrument in writing signed by the majority in interest
of the Buyer.

 

f.           Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder
shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid,
or (iv) transmitted by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party
shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder
shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting
facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where
such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during
normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express
courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur.
The addresses for such communications shall be:

 

If to the
Company, to:

     Players
Network

     1771 E.
Flamingo Road #201-A

     Las Vegas,
NV 89119

     Attn: Mark Bradley, CEO

 

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If to the Buyer:

     LG CAPITAL FUNDING,
LLC

     1218 Union
Street, Suite #2,

     Brooklyn,
NY 11225

     Attn: Joseph Lerman

 

Each party shall provide
notice to the other party of any change in address.

 

g.           Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the parties and their successors
and assigns. Neither the Company nor the Buyer shall assign this Agreement or any rights or obligations hereunder without the prior
written consent of the other. Notwithstanding the foregoing, the Buyer may assign its rights hereunder to any person that purchases
Securities in a private transaction from the Buyer or to any of its “affiliates,” as that term is defined under the
1934 Act, without the consent of the Company.

 

h.           Third Party Beneficiaries. This Agreement is intended for the benefit of the parties hereto and their respective
permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other person.

 

i.           Survival. The representations and warranties of the Company and the agreements and covenants set forth in this Agreement
shall survive the closing hereunder notwithstanding any due diligence investigation conducted by or on behalf of the Buyer. The
Company agrees to indemnify and hold harmless the Buyer and all their officers, directors, employees and agents for loss or damage
arising as a result of or related to any breach or alleged breach by the Company of any of its representations, warranties and
covenants set forth in this Agreement or any of its covenants and obligations under this Agreement, including advancement of expenses
as they are incurred.

 

j.           Further Assurances. Each party shall do and perform, or cause to be done and performed, all such further acts and
things, and shall execute and deliver all such other agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions
contemplated hereby.

 

k.           No Strict Construction. The language used in this Agreement will be deemed to be the language chosen by the parties
to express their mutual intent, and no rules of strict construction will be applied against any party.

 

l.           Remedies. The Company acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to
the Buyer by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Company acknowledges that
the remedy at law for a breach of its obligations under this Agreement will be inadequate and agrees, in the event of a breach
or threatened breach by the Company of the provisions of this Agreement, that the Buyer shall be entitled, in addition to all other
available remedies at law or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining,
preventing or curing any breach of this Agreement and to enforce specifically the terms and provisions hereof, without the necessity
of showing economic loss and without any bond or other security being required.

 

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IN WITNESS WHEREOF, the
undersigned Buyer and the Company have caused this Agreement to be duly executed as of the date first above written.

 

Players Network

 

By:________________________________

Mark Bradley

Chief Executive Officer

 

 

LG CAPITAL FUNDING, LLC.

 

By:________________________________

Name: Joseph Lerman

Title: Manager

 

 

AGGREGATE SUBSCRIPTION AMOUNT:

 

Aggregate Principal Amount of Note:                $25,500

 

Aggregate Purchase Price:

 

$25,500.00 less $1,500.00 in legal fees
and $1,750.00 in third party fees.

With similar payments to be repeated on
the cash funding of Note 2.

 

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EXHIBIT A

144 NOTE - $25.5K

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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EXHIBIT B

BACK END NOTE $25.5K

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	13EXHIBIT 10.9

 

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") on the
terms and conditions set forth in this Subscription Agreement. The undersigned further understands that the offer and sale of the
Shares are being made without registration under the Securities Act of 1933, as amended (the "Securities Act").

 

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.

 

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 Twenty Thousand Dollars ($20,000.00),
Dollars that number of Shares equal to _______________($.025) divided by the Closing Price.

 

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").

 

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, against the purchase
price therefor.

 

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.

 

    	1

    	 

    

 

(b) Capitalization.
The authorized capital of the Company consists, or will consist immediately prior to the Initial 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 133,000,000 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 Initial 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 Initial 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

 

(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, and the Warrant
Shares pursuant to the Warrants, 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.

 

    	2

    	 

    

 

(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 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 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.

 

(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.

 

    	3

    	 

    

 

(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. Any real property and facilities held under
lease by the Company are held under valid, subsisting and enforceable leases of which the Company is in compliance.

 

(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.

 

(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.

 

(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”).

 

    	4

    	 

    

 

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

 

(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) 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. There are no unpaid taxes in any material amount
claimed to be due by the taxing authority of any jurisdiction, and the officers of the Company know of no basis for any such claim.
The Company has not executed a waiver with respect to the statute of limitations relating to the assessment or collection of any
foreign, federal, state or local tax. None of the Company’s tax returns is presently being audited by any taxing authority.

 

(r) 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. The Company shall conduct its business in a manner so that it will not become subject to the Investment Company Act.

 

(s) 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.

 

(t) 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.

 

    	5

    	 

    

 

(u) 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

 

(v) 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.

 

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.

 

(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.

 

    	6

    	 

    

 

(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.

 

(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.

 

    	7

    	 

    

 

(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.”

 

(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.

 

(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.

 

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.

 

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.

 

    	8

    	 

    

 

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.

 

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.

 

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.

 

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.

 

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.

 

    	9

    	 

    

 

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 of Purchaser

 

_______________________________

Print Name of Purchaser

 

_______________________________

Number and Street

 

_______________________________

City, State and Zip

 

_______________________________

SS# or Tax ID

 

 

Accepted as of
__________________________, 2014

 

Players Network

 

By_________________________________

 

 

 

 

 

 

 

 

 

    	10

    	 

    

 

Accredited Investor Certification

 

Please check response A or B as appropriate:

 

_____ A. I am not an accredited investor.

 

_____ B. I am an a credited 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
structure 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

 

    	11

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