Document:

Exhibit 10.40

 

SAFETY QUICK LIGHTING &
FANS CORP.

 

REGISTRATION RIGHTS AGREEMENT

 

This Registration
Rights Agreement (this “Agreement”) , dated as of _________, 2015, is made by and between Safety Quick Lighting
& Fans Corp., a Florida corporation (the “Company”), and the undersigned (the “Holder”).

 

WHEREAS, each Holder has subscribed
to purchase the Shares (as defined in Section 1 below) pursuant to that certain Securities Subscription Agreement and exhibits
thereto (the “Subscription Agreement”), in connection with the Company’s offering (the “Offering”)
of a minimum of $500,000 and up to $4,000,000 in the aggregate principal amount of shares of the common stock of the Company,
no par value per share (“Common Stock”); and

 

WHEREAS, to induce the Holder to execute
and deliver the Subscription Agreement and this Agreement, the Company has agreed to provide certain registration rights under
the Securities Act of 1933, as amended (the “Securities Act”), and the rules and regulations promulgated thereunder,
and applicable state securities laws, with respect to the Shares issuable pursuant to the Subscription Agreement.

 

NOW, THEREFORE, for and in consideration
of the foregoing premises, the agreements and covenants herein contained, and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Holder, intending to be legally bound, hereby agree as follows:

 

1.             
Definitions. Capitalized terms used and not otherwise defined herein that are defined in the Subscription Agreement shall
have the meanings given such terms in the Subscription Agreement. In addition to the terms defined elsewhere in this Agreement,
the following terms have the meanings indicated in this Section 1:

 

“Closing
Date” means the Closing Date, as that term is defined in the Subscription Agreement.

 

“Commission”
means the United States Securities and Exchange Commission.

 

“Effectiveness
Period” shall mean from the date hereof until the earlier to occur of the date when all Registrable Securities covered
by a Registration Statement either (a) have been sold pursuant to a Registration Statement or an exemption from the registration
requirements of the Securities Act, and (b) pursuant to a written opinion of Company counsel acceptable to the Company’s
transfer agent and the legal counsel for the Holder, may be sold pursuant to Rule 144.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Holder”
or “Holders” shall have the meaning ascribed to such term in the recitals of this Agreement, and shall specifically
mean the holder or holders, as the case may be, from time to time of Registrable Securities (including any permitted assignee)
issued pursuant to the Offering.

 

“Person”
shall mean an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or subdivision thereof) or other entity of any kind.

 

“Proceeding”
means an action, claim, suit, investigation or proceeding (including, without limitation, an investigation or partial proceeding,
such as a deposition), whether commenced or threatened.

    	 	1	 

     

    

“Prospectus”
means the prospectus included in the Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering
of any portion of the Registrable Securities covered by the Registration Statement, and all other amendments and supplements to
the Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated
by reference in such Prospectus.

 

“Reasonable
Best Efforts” means that the Company has taken steps which are commercially reasonable under the circumstances to accomplish
its obligations hereunder, without jeopardizing the Company’s operational and financial stability.

 

“Registrable
Securities” means (i) the Shares, and (ii) any shares of Common Stock issued or issuable upon any stock split, dividend
or other distribution, recapitalization, anti-dilution adjustment or similar event with respect to the foregoing.

 

“Registration
Statement” means any registration statement required to be filed hereunder (which, at the Company's option, may be an
existing registration statement of the Company previously filed with the Commission, but not declared effective), including (in
each case) the Prospectus, amendments and supplements to the registration statement or Prospectus, including pre- and post-effective
amendments, all exhibits thereto, and all material incorporated by reference or deemed to be incorporated by reference in the
registration statement.

 

“Rule 144”
means Rule 144 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to time, or
any similar rule or regulation hereafter adopted by the Commission having substantially the same effect as such Rule.

 

“Rule 415”
means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to
time, or any similar Rule or regulation hereafter adopted by the Commission having substantially the same effect as such
Rule.

 

“Rule 424”
means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time to
time, or any similar Rule or regulation hereafter adopted by the Commission having substantially the same effect as such
Rule.

 

“Shares”
means the shares of Common Stock purchased by the Holder and issued by the Company pursuant to the Subscription Agreement.

 

“Trading Day” means
(a) a day on which the Common Stock is listed or quoted for trading on a Trading Market, or (b) if the Common Stock
is not trading on a Trading Market, a day on which the Common Stock is quoted in the over-the-counter market as
reported by Pink Sheets LLC (or any similar organization or agency succeeding to its functions of reporting price). In the
event that the Common Stock is not listed or quoted as set forth in (a) and (b) hereof, then Trading Day shall mean a
business day.

 

“Trading
Market” means the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date
in question: the OTC Bulletin Board, the American Stock Exchange, the New York Stock Exchange, the NASDAQ Global Market or the
NASDAQ Capital Market.

 

2.             
Registration.

 

(a)           
Mandatory Registration. The Company shall, on the date that is one hundred fifty (150) days from the Closing Date (the
“Mandatory Filing Date”), use its Reasonable Best Efforts to file with the Commission a Registration Statement
(the “Mandatory Registration Statement”), covering the resale of all of the Registrable Securities for an offering
to be made on a continuous basis pursuant to Rule 415. The Mandatory Registration Statement required hereunder shall be on
Form S-1 or Form S-3 (except if the Company is not then eligible to register for resale the Registrable Securities on Form S-1
or Form S-3, in which case the Mandatory Registration Statement shall be on another appropriate form in accordance herewith).

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(b)          
Filing Default Damages. If a Mandatory Registration Statement is not filed on or prior to the Mandatory Filing Date, then
the Company shall pay to the Holder an amount in cash, as partial liquidated damages and not as a penalty, equal to two percent
(2%) of the gross proceeds paid by the Holder for the Shares (the “Filing Default Damages”).

 

(c)The Company
shall not be responsible to pay any Filing Default Damages if the Company has exercised its Reasonable Best Efforts to file the
Registration Statement and have the Shares declared effective. The Filing Default Damages and any related interest thereon shall
be paid, at the Holder’s option, in cash or Common Stock (priced at the price per share paid by the Holder for the Shares
pursuant to the Subscription Agreement), or a portion thereof. Failure of the Company to make payment of the Filing Default Damages
within thirty (30) days of the Mandatory Filing Date shall be considered a breach of this Agreement.

 

(d)Notwithstanding
the foregoing or anything else contained in this Agreement, any and all damages, penalties or interest incurred in connection
with this Agreement shall, in no case, collectively exceed ten percent (10%) of the gross proceeds paid by the Holder for the
Shares.

 

3.             
Registration Procedures. In connection with the Company's registration obligations hereunder, and during the period in
which the Company is required or elects to keep the Registration Statement effective (the “Effectiveness Period”),
the Company shall:

 

(a)           
Prepare and file with the Commission such amendments, including post-effective amendments, to the Registration Statement and
the Prospectus used in connection therewith as may be necessary to keep the Registration Statement continuously effective as to
the applicable Registrable Securities for the Effectiveness Period; (ii) cause the related Prospectus to be amended or supplemented
by any required Prospectus supplement, and as so supplemented or amended, to be filed pursuant to Rule 424; and (iii) respond
to any comments received from the Commission with respect to the Registration Statement or any amendment thereto.

 

(b)          
Notify each Holder of Registrable Securities included in the Registration Statement, as promptly as reasonably possible, (i) of
the issuance by the Commission or any other federal or state governmental authority of any stop order suspending the effectiveness
of the Registration Statement covering any or all of the Registrable Securities or the initiation of any Proceedings for that
purpose; and (ii) of the receipt by the Company of any notification with respect to the suspension of the qualification or exemption
from qualification of any of the Registrable Securities for sale in any jurisdiction, or the initiation of any Proceeding for
such purpose.

 

(c)           
Use its best efforts to avoid the issuance of, or, if issued, obtain the withdrawal of (i) any order suspending the effectiveness
of the Registration Statement, or (ii) any suspension of the qualification (or exemption from qualification) of any of the Registrable
Securities for sale in any jurisdiction, at the earliest practicable moment.

 

(d)          
Promptly deliver to each Holder upon reasonable request, without charge, an electronic copy of the final Prospectus or Prospectuses
and each amendment or supplement thereto. The Company hereby consents to the use of such Prospectus and each amendment or supplement
thereto by the Holder in connection with the offering and sale of the Registrable Securities covered by such Prospectus and any
amendment or supplement thereto, except after the giving of any notice pursuant to Section 3(b).

 

(e)           
Prior to any resale of Registrable Securities by Holder, use its best efforts to register or qualify or cooperate with the selling
Holders in connection with the registration or qualification (or exemption from the registration or qualification) of such Registrable
Securities for the resale by a Holder under the securities or blue sky laws of such jurisdictions within the United States as
any Holder reasonably requests in writing, to keep such registration or qualification (or exemption therefrom) effective during
the Effectiveness Period and to do any and all other acts or things reasonably necessary to enable the disposition in such jurisdictions
of the Registrable Securities covered by the Registration Statement; provided, however, that the Company shall not
be required to qualify generally to do business in any jurisdiction where it is not then so qualified, subject the Company to
any material tax in any such jurisdiction where it is not then so subject, or file a general consent to service of process in
any such jurisdiction.

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(f)           
Upon the occurrence of any event that makes, or with the passage of time would make, the financial statements included in the
Registration Statement ineligible for inclusion therein, or, that makes, or with the passage of time would make, any statement
made in the Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference
untrue in any material respect, as promptly as reasonably possible, prepare a supplement or amendment, including a post-effective
amendment, to the Registration Statement or a supplement to the related Prospectus or any document incorporated or deemed to be
incorporated therein by reference, and file any other required document so that, as thereafter delivered, neither the Registration
Statement nor such Prospectus will contain an untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading.

 

(g)          
Use its Reasonable Best Efforts to comply with all applicable rules and regulations of the Commission relating to the registration
of the Registrable Securities pursuant to the Registration Statement or otherwise.

 

(h)          
The Company covenants that it shall file the reports required to be filed by it under the Securities Act and the Exchange Act
and the rules and regulations adopted by the SEC thereunder so long as the Holder owns any Registrable Securities, but in no event
longer than two (2) years after the date the Registration Statement is declared effective; provided, however, that
the Company may delay any such filing but only pursuant to Rule 12b-25 under the Exchange Act, and the Company shall take
such further reasonable action as the Holder may reasonably request, all to the extent required from time to time to enable such
Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided
by (a) Rule 144 under the Securities Act, as such Rule may be amended from time to time, or (b) any similar
rule or regulation hereafter adopted by the Commission.

 

4.             
Registration Expenses. All fees and expenses incident to the performance of or compliance with this Agreement by the Company
shall be borne by the Company whether or not any Registrable Securities are sold pursuant to the Registration Statement, other
than fees and expenses of counsel or any other advisor retained by the Holder(s) and discounts and commissions with respect to
the sale of any Registrable Securities by the Holder(s). The fees and expenses referred to in the foregoing sentence shall include,
without limitation, (i) all registration and filing fees (including, without limitation, fees and expenses (A) with respect to
any filings required to be made with the Trading Market on which the Common Stock is then listed for trading, and (B) in compliance
with applicable state securities or blue sky laws), (ii) printing expenses (including, without limitation, expenses of printing
certificates for Registrable Securities and of printing prospectuses if the printing of prospectuses is reasonably requested by
the holders of a majority of the Registrable Securities included in the Registration Statement), (iii) messenger, telephone and
delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities Act liability insurance, if the Company
so desires such insurance, in its sole discretion, and (vi) fees and expenses of all other Persons retained by the Company in
connection with the consummation of the transactions contemplated by this Agreement. 

 

5.             
Indemnification.

 

(a)            Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless the
Holder, the officers, directors, agents and employees of it, each Person who controls the Holder (within the meaning of
Section 15 of the Securities Act or Section 20 of the Exchange Act) and the officers, directors, agents and
employees of each such controlling Person, to the fullest extent permitted by applicable law, from and against any and all
losses, claims, damages, liabilities, costs (including, without limitation, reasonable attorneys' fees) and expenses relating
to an Indemnified Party’s actions to enforce the provisions of this Section 5 (collectively,
“Losses”), as incurred, to the extent arising out of or relating to any untrue or alleged untrue statement
of a material fact contained in the Registration Statement, any Prospectus or any form of prospectus, or in any amendment or
supplement thereto, or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a
material fact required to be stated therein or necessary to make the statements therein (in the case of any Prospectus or
form of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading, except to
the extent, but only to the extent, that (i) such untrue statements or omissions are based solely upon information regarding
such Holder furnished (or in the case of an omission, not furnished) in writing to the Company by or on behalf of such Holder
expressly for use therein, or to the extent that such information relates to such Holder or such Holder's proposed method of
distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly for use in
the Registration Statement, such Prospectus or such form of prospectus, or in any amendment or supplement thereto, 

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(ii) in
the case of an occurrence of an event of the type specified in Section 3(b)(iii)-(v), the use by such Holder of
an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus is outdated or
defective and prior to the receipt by such Holder of written notice from the Company that the use of the
applicable Prospectus may be resumed, or (ii) the failure of the Holder to deliver a prospectus prior to the confirmation of
a sale. The Company shall notify the Holders promptly of the institution, threat or assertion of any proceeding of which the
Company is aware in connection with the transactions contemplated by this Agreement.

 

(b)          
Indemnification by Holder. The Holder shall indemnify and hold harmless the Company, its directors, officers, agents and
employees, each Person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act), and the directors, officers, agents or employees of such controlling Persons, to the fullest extent permitted
by applicable law, from and against all Losses, as incurred, to the extent arising out of or based upon: (i) the Holder's failure
to comply with the prospectus delivery requirements of the Securities Act or (ii) any untrue or alleged untrue statement of a
material fact contained in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement
thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein not misleading (1) to the extent, but only to the extent,
that such untrue statement or omission is contained in any information so furnished (or in the case of an omission, not furnished)
in writing by or on behalf of such Holder to the Company specifically for inclusion in the Registration Statement or such Prospectus
(or, in each case, any amendment or supplement thereto) or (2) to the extent that (A) such untrue statements or omissions are
based solely upon information regarding such Holder furnished (or in the case of an omission, not furnished) in writing to the
Company by or on behalf of such Holder expressly for use therein, or to the extent that such information relates to such Holder
or such Holder's proposed method of distribution of Registrable Securities, such Prospectus or such form of Prospectus or in any
amendment or supplement thereto, or (B) in the case of an occurrence of an event of the type specified in Section 3(b)(iii)-(v),
the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder in writing that the Prospectus
is outdated or defective and prior to the receipt by such Holder of written notice from the Company that the use of the applicable
Prospectus may be resumed, or (C) the failure of the Holder to deliver a Prospectus prior to the confirmation of a sale. In no
event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the Purchase Price paid
by the Holder in the Subscription Agreement.

 

(c)            Conduct of
Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought
(the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense
thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and
expenses incurred in connection with defense thereof; provided, however, that the failure of any Indemnified Party
to give such notice shall not relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except
and only to the extent that such failure shall have materially prejudiced the Indemnifying Party.

 

An Indemnified Party
shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of such Indemnified Party or Indemnified Parties unless: (i) the Indemnifying
Party has agreed in writing to pay such fees and expenses; (ii) the Indemnifying Party shall have failed promptly to assume the
defense of such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or
(iii) the named parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying
Party, and such Indemnified Party shall have been advised by counsel that a conflict of interest is likely to exist if the same
counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of one separate counsel for
all Indemnified Parties in any matters related on a factual basis shall be at the expense of the Indemnifying Party). The Indemnifying
Party shall not be liable for any settlement of any such Proceeding effected without its written consent, which consent shall
not be unreasonably withheld. No Indemnifying Party shall, without the prior written consent of the Indemnified Party, effect
any settlement of any pending Proceeding in respect of which any Indemnified Party is a party, unless such settlement includes
an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such Proceeding.

    	 	5	 

     

    

All reasonable fees
and expenses of the Indemnified Party (including reasonable fees and expenses to the extent incurred in connection with investigating
or preparing to defend such Proceeding in a manner not inconsistent with this Section 6) shall be paid to the Indemnified
Party, as incurred, within ten (10) Trading Days of written notice thereof to the Indemnifying Party; provided, however,
that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses applicable
to such actions for which such Indemnified Party is not entitled to indemnification hereunder, determined based upon the relative
faults of the parties.

 

(d)          
Contribution. If a claim for indemnification under Section 5(a) or Section 5(b) is unavailable to an
Indemnified Party (by reason of public policy or otherwise), then each Indemnifying Party, in lieu of indemnifying such Indemnified
Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Losses, in such proportion
as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions,
statements or omissions that resulted in such Losses as well as any other relevant equitable considerations. The relative fault
of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in
question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of a material fact,
has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the parties'
relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement or omission. The
amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations set forth in
Section 5(c), any reasonable attorneys' or other reasonable fees or expenses incurred by such party in connection with
any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided
for in this Section 5 was available to such party in accordance with its terms.

 

(e)Rule 144.
As long as any Holder owns any Shares or Registrable Securities, the Company covenants to timely file (or obtain extensions in
respect thereof and file within the applicable grace period) all reports required to be filed by the Company after the date hereof
pursuant to Section 13(a) or 15(d) of the Exchange Act. As long as any Holder owns any Shares or Registrable Securities, if the
Company is not required to file reports pursuant to Section 13(a) or 15(d) of the Exchange Act, it will prepare and furnish to
the Holders and make publicly available in accordance with Rule 144(c) promulgated under the Securities Act annual and quarterly
financial statements, in the time period that such filings would have been required to have been made under the Exchange Act.
The Company further covenants that it will take such further action as any Holder may reasonably request, all to the extent required
from time to time to enable such person to sell the Shares without registration under the Securities Act within the limitation
of the exemptions provided by Rule 144 promulgated under the Securities Act, including providing any legal opinions relating to
such sale pursuant to Rule 144, if such person is deemed by the Company’s counsel to be in compliance with the rules and
regulations set forth in Rule 144. Upon the request of any Holder, the Company shall deliver to such Holder a written certification
of a duly authorized officer as to whether it has complied with such requirements.

 

6.             
Miscellaneous.

 

(e)           
Compliance. The Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities
Act as applicable to it in connection with sales of Registrable Securities pursuant to the Registration Statement.

 

(f)           
Amendments and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended,
modified or supplemented, and waivers or consents to departures from the provisions hereof may not be given, unless the same shall
be in writing and signed by the Company and each Holder of the then outstanding Registrable Securities.

 

(g)          
Notices. Any notice, request or other document required or permitted to be given or delivered to the Holder or to the Company
shall be delivered in accordance with the notice provisions of the Subscription Agreement.

 

(h)          
Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns
of each of the parties and shall inure to the benefit of the Holder.

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(i)            
Execution and Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original and, all of which taken together shall constitute one and the same Agreement. In the event that
any signature is delivered by facsimile transmission, such signature shall create a valid binding obligation of the party executing
the same (or on whose behalf such signature is executed) with the same force and effect as if such facsimile signature were the
original thereof.

 

(j)             Governing
Law. This Agreement shall be governed by and construed exclusively in accordance with the internal laws of the State of
Florida without regard to the conflicts of laws principles thereof. The parties hereto hereby irrevocably agree that any suit
or proceeding arising directly and/or indirectly pursuant to or under this Agreement, shall be instituted in the courts of
the State of Georgia sitting in Fulton County or in the United States District Court for the Northern District of Georgia. By
its execution hereof, the parties hereby covenant and irrevocably submit to the in personam jurisdiction of the
courts of the State of Georgia sitting in Fulton County or in the United States District Court for the Northern District of
Georgia, and agree that any process in any such action may be served upon any of them personally, or by certified mail or
registered mail upon them or their agent, return receipt requested, with the same full force and effect as if personally
served upon them. The parties hereto waive any claim that any such jurisdiction is not a convenient forum for any such suit
or proceeding and any defense or lack of in personam jurisdiction with respect thereto. In the event of any such action or
proceeding, the party prevailing therein shall be entitled to payment from the other party hereto of its reasonable counsel
fees and disbursements.

 

(k)          
Severability. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction
to be invalid, illegal, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein
shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use
their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention
of the parties that they would have executed the remaining terms, provisions, covenants and restrictions without including any
of such that may be hereafter declared invalid, illegal, void or unenforceable.

 

(l)            
Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect
the meaning hereof.

 

[Signatures Page Follows]

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

 

	COMPANY:	 	SAFETY QUICK LIGHTING & FANS CORP.
	 	 	 	 
	 	 	 	 
	 	 	By:	 
	 	 	 	John P. Campi
	 	 	 	Chief Executive Officer
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	HOLDER:	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

    	 	8Exhibit 10.41 

 

SECURITIES SUBSCRIPTION AGREEMENT

 

 

As of _____________, 20__

Safety Quick Lighting & Fans Corp.

4400 North Point Parkway, Suite 154

Alpharetta, GA 30022

 

Investors:

 

1.     Subscription;
Payment.

 

(a)The undersigned subscriber (the
“Subscriber”) hereby irrevocably subscribes for and agrees to purchase shares of common stock of Safety Quick
Lighting & Fans Corp., no par value per share (“Common Stock”), in the number and principal amount set
forth on the signature page hereto from Safety Quick Lighting & Fans Corp., a Florida corporation (the “Company”),
in connection with the Company’s offering of a minimum of $500,000 and up to $2,000,000 in the aggregate principal amount
of shares of Common Stock (the “Securities”), pursuant to the terms set forth in the Confidential Term Sheet
attached as Exhibit A hereto, this Securities Subscription Agreement, and the form of Registration Rights Agreement attached
as Exhibit D hereto (the “Offering”). This Securities Subscription Agreement, which incorporates by
reference all exhibits and schedules attached to the Investor Package issued in connection with the Offering and dated November
2015, shall be hereinafter referred to as the “Subscription Agreement”; together with such exhibits and schedules
attached hereto, the “Offering Documents”. Any capitalized term not defined herein shall have the meaning of
such term as has been set forth in the Offering Documents. The minimum investment per Subscriber shall be $25,000, which may be
waived by the Company in its sole discretion. All amounts in this Subscription Agreement are expressed in US Dollars.

 

This subscription
for the Securities is based upon the information provided in the Offering Documents and upon the Subscriber’s own investigation
as to the merits and risks of this investment. The Subscriber shall deliver herewith duly executed copies of the signature pages
to this Subscription Agreement and the Accredited Investor Questionnaire & Form W-9 (the “Investor Questionnaire”)
attached as Exhibit C hereto.

 

It is currently anticipated
that the initial closing of the Offering will take place on or around December 11, 2015, and the final closing in connection with
the Offering shall occur on or before December 31, 2015 (each a “Closing” and each date upon which a Closing
occurs, a “Closing Date”), unless otherwise extended or modified by the Company in its sole discretion. Before
an initial Closing may occur, the Company must sell Securities totaling a minimum aggregate principal amount of $500,000.

 

(b)Subject to the terms and conditions hereinafter set
forth, the Subscriber hereby subscribes for and agrees to purchase from the Company the number of shares of Common Stock set
forth on the signature page hereto (the “Shares”), at a purchase price of one dollar ($1.00) per share of
Common Stock, for the aggregate principal amount set forth on the signature page hereto (the “Purchase
Price”). When this Subscription Agreement is accepted and executed by the Company, the Company agrees to issue the
Shares to the Subscriber. The total aggregate principal amount of Securities issued in this Offering will be at a minimum
$500,000 and up to a maximum of $2,000,000, unless increased by the Company. The Purchase Price is payable by wire transfer
to _______________ for Safety Quick Lighting & Fans Corp. for pursuant to the following wire instructions.

 

WIRING INSTRUCTIONS

 

____________________________

____________________________

____________________________

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Provided that (i) the
Subscriber has satisfied all conditions set forth herein, (ii) the Company has accepted and executed this Subscription Agreement,
and (iii) the total aggregate principal amount of Securities sold in the Offering equals or exceeds $500,000, the Shares purchased
by the Subscriber will be delivered to the Subscriber by the Company promptly following the Closing Date. In the event that a
Closing does not occur, Subscriber’s funds will be returned by the Company to the Subscriber.

 

2.             
Subscriber Representations, Warranties and Agreements. The Subscriber hereby acknowledges, represents and warrants as follows
(with the understanding that the Company will rely on such representations and warranties in determining, among other matters,
the suitability of this investment for the Subscriber in order to comply with federal and state securities laws):

 

(a)In connection
with this subscription, the Subscriber has read this Subscription Agreement. The Subscriber acknowledges that this Subscription
Agreement is not intended to set forth all of the information which might be deemed pertinent by an investor who is considering
an investment in the Securities. It is the responsibility of the Subscriber (i) to determine what additional information he desires
to obtain in evaluating this investment, and (ii) to obtain such information from the Company.

 

(b)This
offering is limited to persons who are “accredited investors,” as that term is defined in RULE 501 OF Regulation D
under the 1933, as amended (the “Act”), and who have the financial means and the business, financial and investment
experience and acumen to conduct an investigation as to, and to evaluate, the merits and risks of this investment. The Subscriber
hereby represents that he has read, is familiar with and understands Rule 501 of Regulation D under the Act. The Subscriber is
an “accredited investor” as defined in Rule 501(a) of Regulation D UNDER THE ACT.

 

(c)The Subscriber has had full access to all the
information which the Subscriber (or the Subscriber’s advisor(s)) considers necessary or appropriate to make an
informed decision with respect to the Subscriber’s investment in the Securities. The Subscriber acknowledges that the
Company has made available to the Subscriber and the Subscriber’s advisors the opportunity to examine and copy any
contract, matter or information which the Subscriber considers relevant or appropriate in connection with this investment and
to ask questions and receive answers relating to any such matters including, without limitation, the financial condition,
management, employees, business, obligation, corporate books and records, budgets, business plans of and other matters
relevant to the Company. To the extent the Subscriber has not sought information regarding any particular matter, the
Subscriber represents that he or she had and has no interest in doing so and that such matters are not material to the
Subscriber in connection with this investment. The Subscriber has accepted the responsibility for conducting the
Subscriber’s own investigation and obtaining for itself such information as to the foregoing and all other subjects as
the Subscriber deems relevant or appropriate in connection with this investment. The Subscriber is not relying on any
representation or warranty other than that contained herein. The Subscriber acknowledges that no representation regarding
projected revenues or a projected rate of return has been made to it by any party.

 

(d)The Subscriber
understands that the Offering of the Securities has not been registered under the Act, in reliance on an exemption for private
offerings provided pursuant to Section 4(2) of the Act and that, as a result, the Securities will be “restricted securities”
as that term is defined in Rule 144 under the Act and, accordingly, under Rule 144 as currently in effect, that the Securities
must be held for at least one (1) year after the investment has been made (or indefinitely if the Subscriber is deemed an “affiliate”
within the meaning of such rule) unless the Securities are subsequently registered under the Act and qualified under any other
applicable securities law or exemptions from such registration. The Subscriber further understands that the Offering has not been
qualified or registered under any foreign or state securities laws in reliance upon the representations made and information furnished
by the Subscriber herein and any other documents delivered by the Subscriber in connection with this Subscription Agreement; that
the Offering has not been reviewed by the U.S. Securities and Exchange Commission or by any foreign or state securities authorities;
that the Subscriber’s rights to transfer the Securities will be restricted, which includes restrictions against transfers
unless the transfer is not in violation of the Act and applicable state securities laws (including investor suitability standards);
and that the Company may in its sole discretion require the Subscriber to provide at Subscriber’s own expense an opinion
of its counsel to the effect that any proposed transfer is not in violation of the Act or any state securities laws.

    	 	2	 

     

    

(e)The Subscriber
is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the 1933 Act. The Subscriber
has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of the
purchase of the Common Stock. The Subscriber is not registered as a broker or dealer under Section 15(a) of the Securities Exchange
Act of 1934, as amended, affiliated with any broker or dealer registered under Section 15(a) of the Securities Exchange Act of
1934, as amended, or a member of the Financial Industry Regulatory Authority.

 

(f)Each of this Subscription Agreement and the Offering
Documents, including the Registration Rights Agreement, have been duly and validly authorized, executed and delivered on
behalf of the Subscriber and is a valid and binding agreement of the Subscriber enforceable against the Subscriber in
accordance with their terms, subject as to enforceability to general principles of equity and to applicable bankruptcy,
insolvency, reorganization, moratorium, liquidation and other similar laws relating to, or affecting generally, the
enforcement of applicable creditors’ rights and remedies. The Subscriber has the requisite corporate power and
authority to enter into and perform its obligations under this Subscription Agreement and the Offering Documents, and each
other agreement entered into by the parties hereto, in connection with the transactions contemplated by this Subscription
Agreement.

 

(g)The execution, delivery
and performance of this Subscription Agreement and the Offering Documents by the Subscriber and the consummation by the Subscriber
of the transactions contemplated hereby and thereby will not (i) result in a violation of the certificate of incorporation, by-laws
or other documents of organization of the Subscriber, (ii) conflict with, or constitute a default (or an event which with notice
or lapse of time or both would become a default) under, or give others any rights of termination, amendment, acceleration or cancellation
of, any agreement, indenture or instrument to which the Subscriber is bound, or (iii) result in a violation of any law, rule,
regulation or decree applicable to the Subscriber.

 

(h)The Subscriber understands
that the Securities are being offered and sold in reliance on a transactional exemption from the registration requirements of
federal and state securities laws and that the Company is relying upon the truth and accuracy of the representations, warranties,
agreements, acknowledgments and understandings of the Subscriber set forth herein in order to determine the applicability of such
exemptions and the suitability of the Subscriber to acquire the Securities.

 

(i)The Subscriber
acknowledges that there will be no market for the Securities and that the Subscriber may not be able to sell or dispose of them;
the Subscriber has liquid assets sufficient to assure that the purchase price of the Securities will cause no undue financial
difficulties and that, after purchasing the Securities the Subscriber will be able to provide for any foreseeable current needs
and possible personal contingencies; the Subscriber is able to bear the risk of illiquidity and the risk of a complete loss of
this investment.

 

(j)The information
in any documents delivered by the Subscriber in connection with this subscription, including, but not limited to the Investor
Questionnaire, is true, correct and complete in all respects as of the date hereof. The Subscriber agrees promptly to notify the
Company in writing of any change in such information after the date hereof.

 

(k)The Offering
and sale of the Securities to the Subscriber were not made through any advertisement in printed media of general and regular paid
circulation, radio or television or any other form of advertisement, or as part of a general solicitation.

 

(l)The Subscriber
recognizes that an investment in the Securities involves significant risks, which risks could give rise to the loss of the Subscriber’s
entire investment in such securities.

 

(m)The Subscriber
is purchasing the Securities for the Subscriber’s own account, with the intention of holding the Securities, with no present
intention of dividing or allowing others to participate in this investment or of reselling or otherwise participating, directly
or indirectly, in a distribution of the Securities, and shall not make any sale, transfer, or pledge thereof without registration
under the Act and any applicable securities laws of any state or unless an exemption from registration is available under those
laws.

 

(n)The Subscriber
represents that the Subscriber, if an individual, has adequate means of providing for his or her current needs and personal and
family contingencies and has no need for liquidity in this investment in the Securities. The Subscriber has no reason to anticipate
any material change in his or her personal financial condition for the foreseeable future.

    	 	3	 

     

    

(o)The Subscriber
is financially able to bear the economic risk of this investment, including the ability to hold the Securities indefinitely or
to afford a complete loss of the Subscriber’s investment in the Securities.

 

(p) If the Subscriber
is a partnership, corporation, trust, or other entity, (i) the Subscriber has enclosed with this Subscription Agreement appropriate
evidence of the authority of the individual executing this Subscription Agreement to act on its behalf (e.g., if a trust, a certified
copy of the trust agreement; if a corporation, a certified corporate resolution authorizing the signature and a certified copy
of the certificate of incorporation; or if a partnership, a certified copy of the partnership agreement), (ii) the Subscriber
represents and warrants that it was not organized or reorganized for the specific purpose of acquiring the Securities, (iii) the
Subscriber has the full power and authority to execute this Subscription Agreement on behalf of such entity and to make the representations
and warranties made herein on its behalf, and (iv) this investment in the Company has been affirmatively authorized, if required,
by the governing board of such entity and is not prohibited by the governing documents of the entity.

 

3.             
Representations and Warrants of the Company. As a material inducement of the Subscriber to enter into this Subscription
Agreement and subscribe for the Securities, the Company represents and warrants to the Subscriber, as of the date hereof, as follows:

 

(a)Organization
and Standing. The Company is a duly organized corporation, validly existing and in good standing under the laws of the State
of Florida, has full power to carry on its business as and where such business is now being conducted and to own, lease and operate
the properties and assets now owned or operated by it and is duly qualified to do business and is in good standing in each jurisdiction
where the conduct of its business or the ownership of its properties requires such qualification except where the failure to be
so qualified would not have a Material Adverse Effect. “Material Adverse Effect” means any circumstance, change
in, or effect on the Company that, individually or in the aggregate with any other similar circumstances, changes in, or effects
on, the Company taken as a whole: (i) is, or is reasonably expected to be, materially adverse to the business, operations, assets,
liabilities, employee relationships, customer or supplier relationships, prospects, results of operations or the condition (financial
or otherwise) of the Company taken as a whole, or (ii) is reasonably expected to adversely affect the ability of the Company to
operate or conduct the Company’s business in the manner in which it is currently operated or conducted or proposed to be
operated or conducted by the Company.

 

(b)Authority.
The execution, delivery and performance of this Subscription Agreement and the other Offering Documents by the Company and the
consummation of the transactions contemplated hereby and thereby have been duly authorized by the Board of Directors of the Company.

 

(c)No Conflict.
The execution, delivery and performance of this Subscription Agreement and the other Offering Documents, and the consummation
of the transactions contemplated hereby and thereby do not (i) violate or conflict with the Company’s Certificate of Incorporation,
By-laws or other organizational documents, (ii) conflict with or result (with the lapse of time or giving of notice or both) in
a material breach or default under any material agreement or instrument to which the Company is a party or by which the Company
is otherwise bound, or (iii) violate any order, judgment, law, statute, rule or regulation applicable to the Company, except where
such violation, conflict or breach would not have a Material Adverse Effect. This Subscription Agreement and the Offering Documents
when executed by the Company will be a legal, valid and binding obligation of the Company enforceable in accordance with its terms
(except as may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws and equitable principles relating
to or limiting creditors’ rights generally).

 

(d)Authorization.
Issuance of the Securities to the Subscriber has been duly authorized by all appropriate corporate actions of the Company.

 

(e)Litigation
and Other Proceedings. There are no actions, suits, proceedings or investigations pending or, to the knowledge of the Company,
threatened against the Company at law or in equity before or by any court or federal, state, municipal or their governmental department,
commission, board, bureau, agency or instrumentality, domestic or foreign which could materially adversely affect the Company.
The Company is not subject to any continuing order, writ, injunction or decree of any court or agency against it which would have
a material adverse effect on the Company.

    	 	4	 

     

    

(f)Use of Proceeds.
The proceeds of this Offering and sale of the Securities, net of payment of placement expenses, will be used by the Company for
working capital and other general corporate purposes subject to the restrictions set forth in the Securities and on Schedule
1 hereto.

 

(g)Consents/Approvals.
No consents, filings (other than federal and state securities filings relating to the issuance of the Securities pursuant to applicable
exemptions from registration, which the Company hereby undertakes to make in a timely fashion), authorizations or other actions
of any governmental authority are required to be obtained or made by the Company for the Company’s execution, delivery and
performance of this Subscription Agreement which have not already been obtained or made or will be made in a timely manner following
the Closing.

 

(h)No Commissions.
The Company has not incurred any obligation for any finder’s, broker’s or agent’s fees or commissions in connection
with the transaction contemplated hereby other than those fees payable to a Placement Agent pursuant to that certain Placement
Agent Agreement, dated May 4, 2015, by and between the Company and Bradley Woods & Co. Ltd., such fees shall not be in excess
of eight percent (8%) of aggregate capital raised in the Offering.

 

(i)Capitalization.
A capitalization table illustrating the authorized and the outstanding capital stock of the Company as of the date hereof is attached
as Schedule 2 hereto. All of such outstanding shares have been, or upon issuance will be, validly issued, fully paid and
nonassessable. As of the date hereof, except as disclosed in Schedule 2.2 hereto or pursuant to any other issuance of Securities
in the Offering, (i) no shares of the Company’s capital stock are subject to preemptive rights or any other similar rights
or any liens or encumbrances suffered or permitted by the Company; (ii) there are no outstanding debt securities; (iii) there
are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company or any of its subsidiaries, or contracts,
commitments, understandings or arrangements by which the Company or any of its subsidiaries is or may become bound to issue additional
shares of capital stock of the Company or any of its subsidiaries or options, warrants, scrip, rights to subscribe to, calls or
commitments of any character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of
the Company or any of its subsidiaries; (iv) there are no outstanding securities of the Company or any of its subsidiaries which
contain any redemption or similar provisions, and there are no contracts, commitments, understandings or arrangements by which
the Company or any of its subsidiaries is or may become bound to redeem a security of the Company or any of its subsidiaries;
and (v) there are no securities or instruments containing anti-dilution or similar provisions that will be triggered by the issuance
of the Securities. The Company has furnished to the Subscriber true and correct copies of the Company’s Certificate of Incorporation
attached hereto as Schedule 5, as amended and as in effect on the date hereof (the “Certificate of Incorporation”),
and the Company’s By-laws, as in effect on the date hereof (the “By-laws”) attached hereto as Schedule
6, and the terms of all securities convertible or exchangeable into or exercisable for Common Stock and the material rights
of the holders thereof in respect thereto. Schedule 2.1 hereto also lists all outstanding debt of the Company for borrowed
money.

 

(j)Employee Relations.
Neither the Company nor any of its subsidiaries is involved in any labor dispute nor, to the knowledge of the Company or any of
its subsidiaries, is any such dispute threatened, the effect of which would be reasonably likely to result in a Material Adverse
Effect. Neither the Company nor any of its subsidiaries is a party to a collective bargaining agreement.

 

(k)Intellectual Property Rights. The Company and its
subsidiaries own or possess adequate rights or licenses to use all trademarks, trade names, service marks, service mark
registrations, service names, patents, patent rights, copyrights, inventions, licenses, approvals, governmental
authorizations, trade secrets and rights necessary to conduct their respective businesses as now conducted. The Company and
its subsidiaries do not have any knowledge of any infringement by the Company or its subsidiaries of trademark, trade name
rights, patents, patent rights, copyrights, inventions, licenses, service names, service marks, service mark registrations,
trade secret or other similar rights of others, or of any such development of similar or identical trade secrets or technical
information by others and, except as set forth on Schedule 3 hereto, there is no claim, action or proceeding being
made or brought against, or to the Company’s knowledge, being threatened against, the Company or its subsidiaries
regarding trademarks, trade name rights, patents, patent rights, inventions, copyrights, licenses, service names, service
marks, service mark registrations, trade secrets or other infringement.

    	 	5	 

     

    

(l)Environmental
Laws. The Company and its subsidiaries (i) are to the Company’s knowledge in compliance with any and all applicable
foreign, federal, state and local laws and regulations relating to the protection of human health and safety, the environment
or hazardous or toxic substances or wastes, pollutants or contaminants (“Environmental Laws”), (ii) have received
all permits, licenses or other approvals required of them under applicable Environmental Laws to conduct their respective businesses,
and (iii) are in compliance with all terms and conditions of any such permit, license or approval where such noncompliance or
failure to receive permits, licenses or approvals referred to in clauses (i), (ii) or (iii) above would be reasonably likely to
result in a Material Adverse Effect.

 

(m)Disclosure.
No representation or warranty by the Company in this Subscription Agreement, the other Offering Documents, nor in any certificate,
schedule or exhibit delivered or to be delivered pursuant to this Subscription Agreement or the other Offering Documents contains
or will contain any untrue statement of material fact or omits or will omit to state a material fact necessary to make the statements
contained herein or therein not misleading. To the knowledge of the Company and its subsidiaries at the time of the execution
of this Subscription Agreement, there is no information concerning the Company and its subsidiaries or their respective businesses
which has not heretofore been disclosed to the Subscribers that would have a Material Adverse Effect.

 

(n)Title.
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 2.1 hereto or such as do not
materially and adversely affect the value of such property and do not interfere with the use made and proposed to be made of such
property by the Company or any of its subsidiaries. Any real property and facilities held under lease by the Company or any of
its subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as are not material and
do not interfere with the use made and proposed to be made of such property and buildings by the Company and its subsidiaries.

 

(o)Foreign Corrupt
Practices Act. To the Company’s knowledge, neither the Company, nor any director, officer, agent, employee or other
person acting on behalf of the Company or any subsidiary has, in the course of acting for, or on behalf of, the Company, directly
or indirectly used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expenses relating
to political activity; directly or indirectly made any direct or indirect unlawful payment to any foreign or domestic government
official or employee from corporate funds; violated or is in violation of any provision of the U.S. Foreign Corrupt Practices
Act of 1977, as amended, or any similar treaties of the United States; or directly or indirectly made any bribe, rebate, payoff,
influence payment, kickback or other unlawful payment to any foreign or domestic government or party official or employee.

 

(p)Tax Status.
The Company and each of its subsidiaries has made or filed all United States federal and state income and all other tax returns,
reports and declarations required by any jurisdiction to which it is subject and all such returns, reports and declarations are
true, correct and accurate in all material respects. The Company has paid all taxes and other governmental assessments and charges,
shown or determined to be due on such returns, reports and declarations, except those being contested in good faith, for which
adequate reserves have been established, in accordance with generally accepted accounting principles.

 

(q)Compliance
with Laws. The business of the Company and its subsidiaries has been and is presently being conducted so as to comply with
all applicable material federal, state and local governmental laws, rules, regulations and ordinances.

    	 	6	 

     

    

(r)Employee Benefit
Plans; ERISA. Schedule 4 hereto sets forth a true, correct and complete list of all employee benefit plans, programs,
policies and arrangements, whether written or unwritten (the “Company Plans”), that the Company, any subsidiary
or any other corporation or business which is now or at the relevant time was a member of a controlled group of companies or trades
or businesses including the Company or any subsidiary, within the meaning of section 414 of the Internal Revenue Code of 1986,
as amended (the “Code”), maintain or have maintained on behalf of current or former members, partners, principals,
directors, officers, managers, employees, consultants or other personnel. (i) There has been no prohibited transaction within
the meaning of Section 406 of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), or
Section 4975 of the Code, with respect to any of the Company Plans; (ii) none of the Company Plans is or was subject to Section
412 of the Code or Section 302 or Title IV of ERISA; and (iii) each of the Company Plans has been operated and administered in
all material respects in accordance with all applicable laws, including ERISA. There are no actions, suits or claims pending or
threatened (other than routine claims for benefits), whether by participants, the Internal Revenue Service, the Department of
Labor or otherwise, with respect to any Company Plan and no facts exist under which any such actions, suits or claims are likely
to be brought or under which the Company or any subsidiary could incur any liability with respect to a Company Plan other than
in the ordinary course. None of the Company Plans is or was a multiemployer plan within the meaning of Section 3(37) of ERISA.
Neither the Company nor any subsidiary has announced, proposed or agreed to any change in benefits under any Company Plan or the
establishment of any new Company Plan. There have been no changes in the operation or interpretation of any Company Plan since
the most recent annual report, which would have any material effect on the cost of operating, maintaining or providing benefits
under such Company Plan. Neither the Company nor any subsidiary has incurred any liability for the misclassification of employees
as leased employees or independent contractors. Except as provided for in this Subscription Agreement and in the other Offering
Documents, the consummation of the transactions contemplated by this Subscription Agreement, either alone or in combination with
another event, will not (A) result in any individual becoming entitled to any increase in the amount of compensation or benefits
or any additional payment from the Company or any subsidiary (including, without limitation, severance, golden parachute or bonus
payments or otherwise), or (B) accelerate the vesting or timing of payment of any benefits or compensation payable in respect
of any individual.

 

(s)Restrictions
on Business Activities. There is no judgment, order, decree, writ or injunction binding upon the Company or any subsidiary
or, to the knowledge of the Company or any subsidiary, threatened that has or could prohibit or impair the conduct of their respective
businesses as currently conducted or any business practice of the Company or any subsidiary, including the acquisition of property,
the provision of services, the hiring of employees or the solicitation of clients, in each case either individually or in the
aggregate.

 

4.             
Legends. The Subscriber understands and agrees that the Company will cause any necessary legends in addition to representations
to be placed upon the Securities, together with any other legend that may be required by federal or state securities laws or deemed
necessary or desirable by the Company, in the form substantially as follows:

 

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.

 

5.             
General Provisions.

 

(a)           
Confidentiality. The Subscriber covenants and agrees that it will keep confidential and will not disclose or divulge any
confidential or proprietary information that such Subscriber may obtain from the Company pursuant to financial statements, reports,
and other materials submitted by the Company to such Subscriber in connection with this Offering or as a result of discussions
with or inquiry made to the Company, unless such information is known, or until such information becomes known, to the public
through no action by the Subscriber; provided, however, that a Subscriber may disclose such information to its attorneys,
accountants, consultants, and other professionals to the extent necessary in connection with his or her investment in the Company
so long as any such professional to whom such information is disclosed is made aware of the Subscriber’s obligations hereunder
and such professional agrees to be likewise bound as though such professional were a party hereto.

    	 	7	 

     

    

(b)          
Successors. The covenants, representations and warranties contained in this Subscription Agreement shall be binding on
the Subscriber’s and the Company’s heirs and legal representatives and shall inure to the benefit of the respective
successors and assigns of the Company. The rights and obligations of this Subscription Agreement may not be assigned by any party
without the prior written consent of the other party.

 

(c)           
Counterparts. This Subscription Agreement may be executed in counterparts, each of which shall be deemed an original agreement,
but all of which together shall constitute one and the same instrument.

 

(d)          
Execution by Facsimile or Email. Execution and delivery of this Subscription Agreement by facsimile transmission or email
(including the delivery of documents in Adobe PDF format or other machine-readable electronic format) shall constitute execution
and delivery of this Subscription Agreement for all purposes, with the same force and effect as execution and delivery of an original
manually signed copy hereof.

 

(e)           
Governing Law and Jurisdiction. This Subscription Agreement shall be governed by and construed in accordance with the laws
of the State of Florida applicable to contracts to be wholly performed within such state and without regard to conflicts of law
provisions that would result in the application of any laws other than the laws of the State of Florida. Any legal action or proceeding
arising out of or relating to this Subscription Agreement and/or the other Offering Documents may be instituted in the courts
of the State of Georgia sitting in Fulton County or in the United States District Court for the Northern District of Georgia,
and the parties hereto irrevocably submit to the jurisdiction of each such court in any action or proceeding. Subscriber hereby
irrevocably waives and agrees not to assert, by way of motion, as a defense, or otherwise, in every suit, action or other proceeding
arising out of or based on this Subscription Agreement and/or the other Offering Documents and brought in any such court, any
claim that Subscriber is not subject personally to the jurisdiction of the above named courts, that Subscriber’s property
is exempt or immune from attachment or execution, that the suit, action or proceeding is brought in an inconvenient forum or that
the venue of the suit, action or proceeding is improper.

 

(f)           
Indemnification Generally.

 

(i)            
The Company, on the one hand, and the Subscriber, on the other hand (each an “Indemnifying Party”), shall indemnify
the other from and against any and all losses, damages, liabilities, claims, charges, actions, proceedings, demands, judgments,
settlement costs and expenses of any nature whatsoever (including, without limitation, reasonable attorneys’ fees and expenses)
resulting from any breach of a representation and warranty, covenant or agreement by the Indemnifying Party and all claims, charges,
actions or proceedings incident to or arising out of the foregoing.

 

(ii)           Indemnification
Procedures. Each person entitled to indemnification under this Section 5 (an “Indemnified
Party”) shall give notice as promptly as reasonably practicable to each party required to provide indemnification
under this Section 5 of any action commenced against or by it in respect of which indemnity may be sought hereunder, but
failure to so notify an Indemnifying Party shall not release such Indemnifying Party from any liability that it may have,
otherwise than on account of this indemnity agreement so long as such failure shall not have materially prejudiced the
position of the Indemnifying Party. Upon such notification, the Indemnifying Party shall assume the defense of such action if
it is a claim brought by a third party, and, if and after such assumption, the Indemnifying Party shall not be entitled to
reimbursement of any expenses incurred by it in connection with such action except as described below. In any such action,
any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at
the expense of such Indemnified Party unless (A) the Indemnifying Party and the Indemnified Party shall have mutually agreed
to the contrary, or (B) the named parties in any such action (including any impleaded parties) include both the Indemnifying
Party and the Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual
or potential differing or conflicting interests between them. The Indemnifying Party shall not be liable for any settlement
of any proceeding effected without its written consent (which shall not be unreasonably withheld or delayed by such
Indemnifying Party), but if settled with such consent or if there be final judgment for the plaintiff, the Indemnifying Party
shall indemnify the Indemnified Party from and against any loss, damage or liability by reason of such settlement or
judgment.

    	 	8	 

     

    

(g)          
Notices. All notices, requests, demands, claims and other communications hereunder shall be in writing and shall be delivered
by certified or registered mail (first class postage pre-paid), guaranteed overnight delivery, or facsimile transmission if such
transmission is confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed overnight delivery,
to the following addresses and facsimile numbers (or to such other addresses or facsimile numbers which such party shall subsequently
designate in writing to the other party):

 

(i)if to the Company:

_______________________________

_______________________________

_______________________________

 

(ii)If to Subscriber,
to the address set forth next to its name on the signature page hereto.

 

(h)          
Entire Agreement. This Subscription Agreement (including the exhibits attached hereto) and other Offering Documents delivered
at the Closing pursuant hereto, contain the entire understanding of the parties in respect of its subject matter and supersedes
all prior agreements and understandings between or among the parties with respect to such subject matter. The exhibits constitute
a part hereof as though set forth in full above.

 

(i)            
Amendment; Waiver. This Subscription Agreement may not be modified, amended, supplemented, canceled or discharged, except
by written instrument executed by both parties. No failure to exercise and no delay in exercising, any right, power or privilege
under this Subscription Agreement shall operate as a waiver, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude the exercise of any other right, power or privilege. No waiver of any breach of any provision shall be deemed
to be a waiver of any proceeding or succeeding breach of the same or any other provision, nor shall any waiver be implied from
any course of dealing between the parties. No extension of time for performance of any obligations or other acts hereunder or
under any other agreement shall be deemed to be an extension of the time for performance of any other obligations or any other
acts. The rights and remedies of the parties under this Subscription Agreement are in addition to all other rights and remedies,
at law or equity, that they may have against each other.

 

[Signature Page Follows] 

    	 	9	 

     

    

INFORMATION IN RESPONSE TO THIS SECTION WILL
BE KEPT STRICTLY CONFIDENTIAL

 

OMNIBUS SIGNATURE PAGE TO THE SUBSCRIPTION
AGREEMENT

TO PURCHASE SAFETY QUICK LIGHTING & FAN
CORP.’S COMMON STOCK 

 

	DOLLAR AMOUNT INVESTED:	 	US $	 	 	 	 
	 	 	 	 	 	 	 
	NUMBER OF SHARES SUBSCRIBED FOR:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	AMOUNT INVESTED TO BE SENT VIA:	 	[ ]	Check (enclosed)	 	[ ]	Wire
	 	 	 	 	 	 	 
	NAME IN WHICH THE SECURITIES SHOULD BE ISSUED:
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

  

SUBSCRIBER ADDRESS INFORMATION:

For individual subscribers this address should be the Subscriber’s
primary legal residence. For entities other than individual subscribers, please provide address information for the entities primary
place of business. Information regarding a joint subscriber should be included in the column at right.

 

	 	 	 
	Legal Address	 	Legal Address
	 	 	 
	 	 	 
	City, State and Zip Code	 	City, State and Zip Code
	 	 	 
		 	 
	Tax ID (EIN, SSN, or ITIN)	 	Tax ID (EIN, SSN, or ITIN)
	 	 	 
	 	/	 	 	/
	Telephone Number/Facsimile Number	 	Telephone Number/Facsimile Number
	 	 	 
	 	 	 
	Email Address	 	Email Address

  

ALTERNATE ADDRESS INFORMATION:

Please enter an alternate address if you wish
to receive correspondence at an address other than the address listed above.

 

	 	 	 
	Alternative Address for Correspondence	 	Alternative Address for Correspondence
	 	 	 
	 	 	 
	City, State and Zip Code	 	City, State and Zip Code
	 	 	 
	 	 	 
	Other (telephone, fax, email)	 	Other (telephone, fax, email)

 

	AGREED AND SUBSCRIBED	 	AGREED AND SUBSCRIBED
	 	 	 	 	 	 	 
	This ____ day of ____________, 2015	 	This ____ day of ____________, 2015
	 	 	 	 	 	 	 
	Subscriber:	 	 	 	SAFETY QUICK LIGHTING & FANS CORP.
	 	 	 	 	 	 	 
	By:	 	 	 	By:	 	 
	 	 	 	 	 	 	John P. Campi
	Name:	 	 	 	 	 	Chief Executive Officer
	 	 	 	 	 	 	 
	Title:	 	 	 	 	 	 

    	 	10	 

     

    

CERTIFICATE OF SIGNATORY

 

(To be completed if the Securities are

being subscribed for by an entity)

 

 

I, ____________________________________________________
, am the_______________________________ of _____________________________________________ (the “Entity”).

 

I certify that I am empowered
and duly authorized by the Entity to execute and carry out the terms of the Securities Subscription Agreement and to purchase
and hold the Securities, and certify further that the Securities Subscription Agreement has been duly and validly executed on
behalf of the Entity and constitutes a legal and binding obligation of the Entity.

 

IN WITNESS WHEREOF, I
have set my hand this ____ day of __________, 2015.

 

 

______________________________________

(Signature)

    	 	11

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