Document:

Exhibit 10.8

 

Form of

 

ASCEND TELECOM
HOLDINGS LIMITED

 

2015 EQUITY
AND INCENTIVE COMPENSATION PLAN

 

1.           Purpose. The purpose of this
2015 Equity and Incentive Compensation Plan is to attract and retain officers, other employees
and consultants of the Company and its Subsidiaries and to provide to such persons incentives and rewards for performance.

 

2.           Definitions. As used in this
Plan:

 

(a)          “Appreciation Right” means
a right granted pursuant to Section 5 of this Plan, and will include both Free-Standing Appreciation Rights and Tandem
Appreciation Rights.

 

(b)          “Base Price” means the
price to be used as the basis for determining the Spread upon the exercise of a Free-Standing Appreciation Right or a Tandem Appreciation
Right.

 

(c)          “Board” means the Board
of Directors of the Company.

 

(d)          “Change in Control” has
the meaning set forth in Section 12 of this Plan.

 

(e)          “Code” means the Internal
Revenue Code of 1986, as amended from time to time.

 

(f)          “Committee” means the Compensation
Committee of the Board (or its successor(s)), or any other committee of the Board designated by the Board to administer this Plan
pursuant to Section 10 of this Plan consisting solely of no fewer than two Non-Employee Directors.

 

(g)          “Common Shares” means the
ordinary shares of the Company, with $1.00 per share par value, or any security into which such ordinary shares may be changed
by reason of any transaction or event of the type referred to in Section 11 of this Plan.

 

(h)          “Company” means Ascend
Telecom Holdings Limited, an exempted company incorporated in the Cayman Islands with limited liability, and its successors.

 

(i)          “Covered Employee” means
a Participant who is, or is determined by the Committee to be likely to become, a “covered employee” within the meaning
of Section 162(m) of the Code (or any successor provision).

 

(j)          “Date of Grant” means the
date specified by the Committee on which a grant of Option Rights, Appreciation Rights, Performance Shares, Performance Units,
or other awards contemplated by Section 9 of this Plan, or a grant or sale of Restricted Shares, Restricted Stock
Units, or other awards contemplated by Section 9 of this Plan, will become effective (which date will not be earlier
than the date on which the Committee takes action with respect thereto).

 

     

     

    

 

(k)          “Director” means a member
of the Board.

 

(l)          “Effective Date” means
the date this Plan is approved by the shareholders of the Company.

 

(m)          “Evidence of Award” means
an agreement, certificate, resolution or other type or form of writing or other evidence approved by the Committee that sets forth
the terms and conditions of the awards granted under the Plan. An Evidence of Award may be in an electronic medium, may be limited
to notation on the books and records of the Company and, unless otherwise determined by the Committee, need not be signed by a
representative of the Company or a Participant.

 

(n)          “Exchange Act” means the
Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, as such law, rules and regulations may be
amended from time to time.

 

(o)          “Free-Standing Appreciation Right”
means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option
Right.

 

(p)          “Incentive Stock Options”
means Option Rights that are intended to qualify as “incentive stock options” under Section 422 of the Code or any
successor provision.

 

(q)          “Management Objectives”
means the measurable performance objective or objectives established pursuant to this Plan for Participants who have received grants
of Performance Shares, Performance Units or, when so determined by the Committee, Option Rights, Appreciation Rights, Restricted
Shares, Restricted Stock Units, dividend equivalents or other awards pursuant to this Plan. Management Objectives may be described
in terms of Company-wide objectives or objectives that are related to the performance of the individual Participant or of one or
more of the Subsidiaries, divisions, departments, regions, functions or other organizational units within the Company or its Subsidiaries.
The Management Objectives may be made relative to the performance of other companies or subsidiaries, divisions, departments, regions,
functions or other organizational units within such other companies, and may be made relative to an index or one or more of the
performance objectives themselves. The Committee may grant awards subject to Management Objectives that are either Qualified Performance-Based
Awards or are not Qualified Performance-Based Awards. The Management Objectives applicable to any Qualified Performance-Based Award
to a Covered Employee will be based on one or more, or a combination, of the following metrics:

 

		(i)	Profits (e.g., operating income, EBIT, EBIT before bonus, EBT, net income, earnings per share, residual or economic
earnings – these profitability metrics could be measured before special items and/or subject to GAAP definition);

 

		(ii)	Cash Flow (e.g., EBITDA, operating cash flow, total cash flow, cash flow in excess of cost of capital or residual cash
flow or cash flow return on investment);

 

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		(iii)	Returns (e.g., profits or cash flow returns on: assets, invested capital, net capital employed, and equity);

 

		(iv)	Working Capital (e.g., working capital divided by sales, days’ sales outstanding, days’ sales inventory,
and days’ sales in payables);

 

		(v)	Profit Margins (e.g., profits divided by revenues, gross margins and material margins divided by revenues, and material
margin divided by sales pounds);

 

		(vi)	Liquidity Measures (e.g., debt-to-capital, debt-to-EBITDA, total debt ratio);

 

		(vii)	Sales Growth, Cost Initiative and Stock Price Metrics (e.g., revenue growth, stock price appreciation, total return
to shareholders, sales and administrative costs divided by sales, and sales and administrative costs divided by profits);

 

		(viii)	Strategic Initiative Key Deliverable Metrics consisting of one or more of the following: product development, strategic
partnering, research and development, market penetration, geographic business expansion goals, cost targets, customer satisfaction,
employee satisfaction, management of employment practices and employee benefits, supervision of litigation and information technology,
and goals relating to acquisitions or divestitures of subsidiaries, affiliates and joint ventures; and

 

		(ix)	Any of the above criteria as compared to the performance of a published or a special index deemed applicable by the Committee,
including, without limitation, the Standard & Poor’s 500 Stock Index.

 

In the case of a Qualified Performance-Based
Award, each Management Objective will be objectively determinable to the extent required under Section 162(m) of the Code, and,
unless otherwise determined by the Committee and to the extent consistent with Code Section 162(m), will exclude the effects of
certain designated items identified at the time of grant. If the Committee determines that a change in the business, operations,
corporate structure or capital structure of the Company, or the manner in which it conducts its business, or other events or circumstances
render the Management Objectives unsuitable, the Committee may in its discretion modify such Management Objectives or the
related minimum acceptable level of achievement, in whole or in part, as the Committee deems appropriate and equitable, except
in the case of a Qualified Performance-Based Award (other than in connection with a Change in Control) where such action would
result in the loss of the otherwise available exemption of the award under Section 162(m) of the Code. In such case, the Committee
will not make any modification of the Management Objectives or minimum acceptable level of achievement with respect to such Covered
Employee.

 

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(r)          “Market Value per Share”
means, as of any particular date, the closing price of a Common Share as reported for that date on the NASDAQ Stock Market or,
if the Common Shares are not then listed on the NASDAQ Stock Market, on any other national securities exchange on which the Common
Shares are listed, or if there are no sales on such date, on the next preceding trading day during which a sale occurred. If there
is no regular public trading market for the Common Shares, then the Market Value per Share shall be the fair market value as determined
in good faith by the Committee. The Committee is authorized to adopt another fair market value pricing method provided such method
is stated in the Evidence of Award and is in compliance with the fair market value pricing rules set forth in Section 409A
of the Code.

 

(s)          “Non-Employee Director”
means a person who is a “Non-Employee Director” of the Company within the meaning of Rule 16b-3 promulgated under the
Exchange Act and an “outside director” within the meaning of Section 162(m) of the Code and the regulations promulgated
thereunder by the U.S. Department of the Treasury.

 

(t)          “Optionee” means the optionee
named in an Evidence of Award evidencing an outstanding Option Right.

 

(u)          “Option Price” means the
purchase price payable on exercise of an Option Right.

 

(v)          “Option Right” means the
right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

 

(w)          “Participant” means a person
who is selected by the Committee to receive benefits under this Plan and who is at the time (i) an officer, other employee or consultant
of the Company or any Subsidiary, or (ii) a person who provides services to the Company or a Subsidiary that are equivalent to
those typically provided by an employee (provided that such person or consultant satisfies the Form S-8 definition of an “employee”).

 

(x)          “Performance Period” means,
in respect of a Performance Share or Performance Unit, a period of time established pursuant to Section 8 of
this Plan within which the Management Objectives relating to such Performance Share or Performance Unit are to be achieved.

 

(y)          “Performance Share” means
a bookkeeping entry that records the equivalent of one Common Share awarded pursuant to Section 8 of this Plan.

 

(z)          “Performance Unit” means
a bookkeeping entry awarded pursuant to Section 8 of this Plan that records a unit equivalent to $1.00 or such
other value as is determined by the Committee.

 

(aa)          “Plan” means this 2015
Equity and Incentive Compensation Plan.

 

(bb)          “Qualified Performance-Based
Award” means any award of Performance Shares, Performance Units, Restricted Shares, Restricted Stock Units or other awards
contemplated under Section 9 of this Plan, or portion of such award, to a Covered Employee that is intended to satisfy
the requirements for “qualified performance-based compensation” under Section 162(m) of the Code.

 

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(cc)          “Restricted Shares” means
Common Shares granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of
forfeiture nor the prohibition on transfers has expired.

 

(dd)          “Restricted Stock Units”
means an award made pursuant to Section 7 of this Plan of the right to receive Common Shares or cash at the
end of a specified period.

 

(ee)          “Restriction Period” means
the period of time during which Restricted Stock Units are subject to restrictions, as provided in Section 7 of this
Plan.

 

(ff)          “Spread” means the excess
of the Market Value per Share on the date when an Option Right or Appreciation Right is exercised over the Option Price or Base
Price provided for in the related Option Right or Free-Standing Appreciation Right, respectively.

 

(gg)          “Subsidiary” means a corporation,
company or other entity (i) more than 50 percent of whose outstanding shares or securities (representing the right to vote for
the election of directors or other managing authority) are, or (ii) which does not have outstanding shares or securities (as may
be the case in a partnership, joint venture, limited liability company, or unincorporated association), but more than 50 percent
of whose ownership interest representing the right generally to make decisions for such other entity is, now or hereafter, owned
or controlled, directly or indirectly, by the Company; provided, however, that for purposes of determining whether
any person may be a Participant for purposes of any grant of Incentive Stock Options, “Subsidiary” means any corporation
in which at the time the Company owns or controls, directly or indirectly, more than 50 percent of the total combined Voting Power
represented by all classes of stock issued by such corporation.

 

(hh)          “Tandem Appreciation Right”
means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option
Right.

 

(ii)          “Voting Power” means at
any time, the combined voting power of the then-outstanding securities entitled to vote generally in the election of Directors
in the case of the Company, or members of the board of directors or similar body in the case of another entity.

 

3.           Shares Available Under the Plan.

 

(a)          Maximum Shares Available Under Plan.

 

		(i)	Subject to adjustment as provided in Section 11 of this Plan, the number of Common Shares that may be issued
or transferred (A) upon the exercise of Option Rights or Appreciation Rights, (B) as Restricted Shares and released from
substantial risks of forfeiture thereof, (C) in payment of Restricted Stock Units, (D) in payment of Performance Shares
or Performance Units that have been earned, (E) as awards contemplated by Section 9 of this Plan, or (F) in
payment of dividend equivalents paid with respect to awards made under the Plan will not exceed in the aggregate [•]1
shares, plus any Common Shares that become available under this Plan as a result of forfeiture, cancellation, expiration, or cash
settlement of awards, as provided in Section 3(b) below. Such shares may be shares of original issuance or treasury
shares or a combination of the foregoing.

 

 

1 Amount equal to 2.5% of the
outstanding securities of the Company shall be inserted.

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		(ii)	The aggregate number of Common Shares available for issuance or transfer under Section 3(a)(i) of this Plan will
be reduced by one Common Share for every one Common Share issued or transferred in connection with an award granted under this
Plan. Subject to the provisions of Section 3(b) of this Plan, Common Shares covered by an award granted under this
Plan will not be counted as used unless and until they are actually issued or transferred.

 

(b)          Share Counting Rules.

 

		(i)	If any Common Shares issued or transferred pursuant to an award granted under this Plan are forfeited, or an award granted
under this Plan is cancelled or forfeited, expires or is settled for cash (in whole or in part), the Common Shares issued or transferred
pursuant to, or subject to, such award (as applicable) will, to the extent of such cancellation, forfeiture, expiration, or cash
settlement, again be available for issuance or transfer under Section 3(a) above in accordance with Section 3(b)(iv)
below.

 

		(ii)	Notwithstanding anything to the contrary contained in this Section 3, the following Common Shares will not
be added to the aggregate number of Common Shares available for issuance or transfer under Section 3(a) above: (A) Common
Shares tendered or otherwise used in payment of the Option Price of an Option Right; (B) Common Shares withheld or otherwise used
by the Company to satisfy a tax withholding obligation; (C) Common Shares subject to an Appreciation Right that are not actually
issued in connection with its Common Shares settlement on exercise thereof; and (D) Common Shares reacquired by the Company
on the open market or otherwise using cash proceeds from the exercise of Option Rights. In addition, if, under this Plan, a Participant
has elected to give up the right to receive compensation in exchange for Common Shares based on fair market value, such Common
Shares will not count against the aggregate plan limit under Section 3(a) above.

 

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		(iii)	Any Common Share that becomes available for issuance or transfer under this Plan under this Section 3 will be
added back as one Common Share.

 

(c)          Limit on Incentive Stock Options.
Notwithstanding anything in this Section 3, or elsewhere in this Plan, to the contrary and subject to adjustment
as provided in Section 11 of this Plan, the aggregate number of Common Shares actually issued or transferred
by the Company upon the exercise of Incentive Stock Options will not exceed [•] Common Shares.

 

(d)          Individual Participant Limits.
Notwithstanding anything in this Section 3, or elsewhere in this Plan, to the contrary, and subject to adjustment
as provided in Section 11 of this Plan:

 

		(i)	No Participant will be granted Option Rights and/or Appreciation Rights, in the aggregate, for more than [•] Common
Shares during any calendar year.

 

		(ii)	No Participant will be granted Qualified Performance-Based Awards of Restricted Shares, Restricted Stock Units, Performance
Shares and/or other awards under Section 9 of this Plan, in the aggregate, for more than [•] Common Shares
during any calendar year.

 

		(iii)	In no event will any Participant in any calendar year receive Qualified Performance-Based Awards of Performance Units and/or
other awards payable in cash under Section 9 of this Plan having an aggregate maximum value as of their respective
Dates of Grant in excess of $[•].

 

4.           Option Rights. The Committee
may, from time to time and upon such terms and conditions as it may determine, authorize the granting to Participants of Option
Rights. Each such grant may utilize any or all of the authorizations, and will be subject to all of the requirements, contained
in the following provisions:

 

(a)          Each grant will specify the number
of Common Shares to which it pertains subject to the limitations set forth in Section 3 of this Plan.

 

(b)          Each grant will specify an Option Price
per share, which (except with respect to awards under Section 22 of this Plan) may not be less than the Market Value
per Share on the Date of Grant.

 

(c)          Each grant will specify whether the
Option Price will be payable (i) in cash or by check acceptable to the Company or by wire transfer of immediately available
funds, (ii) by the actual or constructive transfer to the Company of Common Shares owned by the Optionee (or other consideration
authorized pursuant to Section 4(d) of this Plan) having a value at the time of exercise equal to the total Option
Price, (iii) subject to any conditions or limitations established by the Committee, the Company’s withholding of Common Shares
otherwise issuable upon exercise of an Option Right pursuant to a “net exercise” arrangement (it being understood that,
solely for purposes of determining the number of treasury shares held by the Company, the Common Shares so withheld will not be
treated as issued and acquired by the Company upon such exercise), (iv) by a combination of such methods of payment, or (v) by
such other methods as may be approved by the Committee.

 

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(d)          To the extent permitted by law, any
grant may provide for deferred payment of the Option Price from the proceeds of sale through a bank or broker on a date satisfactory
to the Company of some or all of the shares to which such exercise relates.

 

(e)          Successive grants may be made to the
same Participant whether or not any Option Rights previously granted to such Participant remain unexercised.

 

(f)          Each grant will specify the period
or periods of continuous service by the Optionee with the Company or any Subsidiary that is necessary before the Option Rights
or installments thereof will become exercisable. A grant of Option Rights may provide for the earlier exercise of such Option Rights,
including in the event of the retirement, death or disability of a Participant, if the Participant is involuntarily terminated
for reasons other than for cause, if the Participant terminates his or her employment for good reason, or in the event of a Change
in Control.

 

(g)          Any grant of Option Rights may specify
Management Objectives that must be achieved as a condition to the exercise of such rights.

 

(h)          Option Rights granted under this Plan
may be (i) options, including, without limitation, Incentive Stock Options, that are intended to qualify under particular provisions
of the Code, (ii) options that are not intended so to qualify, or (iii) combinations of the foregoing. Incentive Stock Options
may only be granted to Participants who meet the definition of “employees” under Section 3401(c) of the Code.

 

(i)          The exercise of an Option Right will
result in the cancellation on a share-for-share basis of any Tandem Appreciation Right authorized under Section 5
of this Plan.

 

(j)          No Option Right will be exercisable
more than 10 years from the Date of Grant.

 

(k)          Option Rights granted under this Plan
may not provide for any dividends or dividend equivalents thereon.

 

(l)          Each grant of Option Rights will be
evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions,
consistent with this Plan, as the Committee may approve.

 

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5.           Appreciation Rights.

 

(a)          The Committee may, from time to time
and upon such terms and conditions as it may determine, authorize the granting (i) to any Optionee, of Tandem Appreciation Rights
in respect of Option Rights granted hereunder, and (ii) to any Participant, of Free-Standing Appreciation Rights. A Tandem Appreciation
Right will be a right of the Optionee, exercisable by surrender of the related Option Right, to receive from the Company an amount
determined by the Committee, which will be expressed as a percentage of the Spread (not exceeding 100 percent) at the time of exercise.
Tandem Appreciation Rights may be granted at any time prior to the exercise or termination of the related Option Rights; provided,
however, that a Tandem Appreciation Right awarded in relation to an Incentive Stock Option must be granted concurrently
with such Incentive Stock Option. A Free-Standing Appreciation Right will be a right of the Participant to receive from the Company
an amount determined by the Committee, which will be expressed as a percentage of the Spread (not exceeding 100 percent) at the
time of exercise.

 

(b)          Each grant of Appreciation Rights may
utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions:

 

		(i)	Each grant may specify that the amount payable on exercise of an Appreciation Right will be paid by the Company in cash, Common
Shares or any combination thereof.

 

		(ii)	Any grant may specify that the amount payable on exercise of an Appreciation Right may not exceed a maximum specified by the
Committee at the Date of Grant.

 

		(iii)	Any grant may specify waiting periods before exercise and permissible exercise dates or periods.

 

		(iv)	Each grant may specify the period or periods of continuous service by the Participant with the Company or any Subsidiary that
is necessary before the Appreciation Rights or installments thereof will become exercisable. A grant of Appreciation Rights may
provide for the earlier exercise of such Appreciation Rights, including in the event of the retirement, death or disability of
a Participant, if the Participant is involuntarily terminated for reasons other than for cause, if the Participant terminates his
or her employment for good reason, or in the event of a Change in Control.

 

		(v)	Any grant of Appreciation Rights may specify Management Objectives that must be achieved as a condition of the exercise of
such Appreciation Rights.

 

		(vi)	Each grant of Appreciation Rights will be evidenced by an Evidence of Award, which Evidence of Award will describe such Appreciation
Rights, identify the related Option Rights (if applicable), and contain such other terms and provisions, consistent with this Plan,
as the Committee may approve.

 

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(c)          Any grant of Tandem Appreciation Rights
will provide that such Tandem Appreciation Rights may be exercised only at a time when the related Option Right is also exercisable
and at a time when the Spread is positive, and by surrender of the related Option Right for cancellation. Successive grants of
Tandem Appreciation Rights may be made to the same Participant regardless of whether any Tandem Appreciation Rights previously
granted to the Participant remain unexercised.

 

(d)          Appreciation Rights granted under this
Plan may not provide for any dividends or dividend equivalents thereon.

 

(e)          Regarding Free-Standing Appreciation
Rights only:

 

		(i)	Each grant will specify in respect of each Free-Standing Appreciation Right a Base Price, which (except with respect to awards
under Section 22 of this Plan) may not be less than the Market Value per Share on the Date of Grant;

 

		(ii)	Successive grants may be made to the same Participant regardless of whether any Free-Standing Appreciation Rights previously
granted to the Participant remain unexercised; and

 

		(iii)	No Free-Standing Appreciation Right granted under this Plan may be exercised more than 10 years from the Date of Grant.

 

6.           Restricted Shares. The Committee
may, from time to time and upon such terms and conditions as it may determine, authorize the grant or sale of Restricted Shares
to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements,
contained in the following provisions:

 

(a)          Each such grant or sale will constitute
an immediate transfer of the ownership of Common Shares to the Participant in consideration of the performance of services, entitling
such Participant to voting, dividend and other ownership rights, but subject to the substantial risk of forfeiture and/or restrictions
on transfer hereinafter referred to.

 

(b)          Each such grant or sale may be made
without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share
at the Date of Grant.

 

(c)          Each such grant or sale will provide
that the Restricted Shares covered by such grant or sale that vests upon the passage of time will be subject to a “substantial
risk of forfeiture” within the meaning of Section 83 of the Code for a period to be determined by the Committee at the
Date of Grant or upon achievement of Management Objectives referred to in subparagraph (e) below.

 

(d)          Each such grant or sale will provide
that during or after the period for which such substantial risk of forfeiture is to continue, the transferability of the Restricted
Shares will be prohibited or restricted in the manner and to the extent prescribed by the Committee at the Date of Grant (which
restrictions may include, without limitation, rights of repurchase or first refusal in the Company or provisions subjecting the
Restricted Shares to a continuing substantial risk of forfeiture in the hands of any transferee).

 

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(e)          Any grant of Restricted Shares may
specify Management Objectives that, if achieved, will result in termination or early termination of the restrictions applicable
to such Restricted Shares.

 

(f)          Notwithstanding anything to the contrary
contained in this Plan, any grant or sale of Restricted Shares may provide for the earlier termination of restrictions on such
Restricted Shares, including in the event of the retirement, death or disability of a Participant, if the Participant is involuntarily
terminated for reasons other than for cause, if the Participant terminates his or her employment for good reason, or in the event
of a Change in Control; provided, however, that no award of Restricted Shares intended to be a Qualified Performance-Based
Award will provide for such early termination of restrictions (other than in connection with the death or disability of the Participant
or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based Award.

 

(g)          Any such grant or sale of Restricted
Shares may require that any or all dividends or other distributions paid thereon during the period of such restrictions be automatically
deferred and reinvested in additional Restricted Shares, which may be subject to the same restrictions as the underlying award;
provided, however, that dividends or other distributions on Restricted Shares with restrictions that lapse as a result
of the achievement of Management Objectives will be deferred until and paid contingent upon the achievement of the applicable Management
Objectives.

 

(h)          Each grant or sale of Restricted Shares
will be evidenced by an Evidence of Award and will contain such terms and provisions, consistent with this Plan, as the Committee
may approve. Unless otherwise directed by the Committee, (i) all certificates representing Restricted Shares will be held in custody
by the Company until all restrictions thereon will have lapsed, together with a stock power or powers executed by the Participant
in whose name such certificates are registered, endorsed in blank and covering such shares or (ii) all Restricted Shares will
be held at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such
Restricted Shares.

 

7.           Restricted Stock Units. The
Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted
Stock Units to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of
the requirements, contained in the following provisions:

 

(a)          Each such grant or sale will constitute
the agreement by the Company to deliver Common Shares or cash to the Participant in the future in consideration of the performance
of services, but subject to the fulfillment of such conditions (which may include the achievement of Management Objectives) during
the Restriction Period as the Committee may specify.

 

(b)          Each such grant or sale may be made
without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share
at the Date of Grant.

 

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(c)          Notwithstanding anything to the contrary
contained in this Plan, any grant or sale of Restricted Stock Units may provide for the earlier lapse or other modification of
the Restriction Period, including in the event of the retirement, death or disability of a Participant, if the Participant is involuntarily
terminated for reasons other than for cause, if the Participant terminates his or her employment for good reason, or in the event
of a Change in Control; provided, however, that no award of Restricted Stock Units intended to be a Qualified Performance-Based
Award will provide for such early lapse or modification of the Restriction Period (other than in connection with the death or disability
of the Participant or a Change in Control) to the extent such provisions would cause such award to fail to be a Qualified Performance-Based
Award.

 

(d)          During the Restriction Period, the
Participant will have no right to transfer any rights under his or her award and will have no rights of ownership in the Common
Shares deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at the
Date of Grant, authorize the payment of dividend equivalents on such Restricted Stock Units on either a current or deferred or
contingent basis, either in cash or in additional Common Shares; provided, however, that dividend equivalents or
other distributions on Common Shares underlying Restricted Stock Units with restrictions that lapse as a result of the achievement
of Management Objectives will be deferred until and paid contingent upon the achievement of the applicable Management Objectives.

 

(e)          Each grant or sale of Restricted Stock
Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will
specify that the amount payable with respect thereto will be paid by the Company in Common Shares or cash, or a combination thereof.

 

(f)          Each grant or sale of Restricted Stock
Units will be evidenced by an Evidence of Award and will contain such terms and provisions, consistent with this Plan, as the Committee
may approve.

 

8.           Performance Shares and Performance
Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting
of Performance Shares and Performance Units. Each such grant may utilize any or all of the authorizations, and will be subject
to all of the requirements, contained in the following provisions:

 

(a)          Each grant will specify the number
or amount of Performance Shares or Performance Units to which it pertains, which number or amount may be subject to adjustment
to reflect changes in compensation or other factors; provided, however, that no such adjustment will be made in the
case of a Qualified Performance-Based Award (other than in connection with the death or disability of the Participant or a Change
in Control) where such action would result in the loss of the otherwise available exemption of the award under Section 162(m)
of the Code.

 

(b)          The Performance Period with respect
to each Performance Share or Performance Unit will be such period of time as will be determined by the Committee at the time of
grant, which may be subject to earlier lapse or other modification, including in the event of the retirement, death or disability
of a Participant, if the Participant is involuntarily terminated for reasons other than for cause, if the Participant terminates
his or her employment for good reason, or in the event of a Change in Control; provided, however, that no such adjustment
will be made in the case of a Qualified Performance-Based Award (other than in connection with the death or disability of the Participant
or a Change in Control) where such action would result in the loss of the otherwise available exemption of the award under Section 162(m)
of the Code. In such event, the Evidence of Award will specify the time and terms of delivery.

 

    12 

     

    

 

(c)          Any grant of Performance Shares or
Performance Units will specify Management Objectives which, if achieved, will result in payment or early payment of the award,
and each grant may specify in respect of such specified Management Objectives a minimum acceptable level or levels of achievement
and may set forth a formula for determining the number of Performance Shares or Performance Units that will be earned if performance
is at or above the minimum or threshold level or levels, or is at or above the target level or levels, but falls short of maximum
achievement of the specified Management Objectives.

 

(d)          Each grant will specify the time and
manner of payment of Performance Shares or Performance Units that have been earned. Any grant may specify that the amount payable
with respect thereto may be paid by the Company in cash, in Common Shares, in Restricted Shares or Restricted Stock Units or in
any combination thereof.

 

(e)          Any grant of Performance Shares or
Performance Units may specify that the amount payable or the number of Common Shares or Restricted Shares or Restricted Stock Units
with respect thereto may not exceed a maximum specified by the Committee at the Date of Grant.

 

(f)          The Committee may, at the Date of Grant
of Performance Shares, provide for the payment of dividend equivalents to the holder thereof either in cash or in additional Common
Shares, subject in all cases to deferral and payment on a contingent basis based on the Participant’s earning of the Performance
Shares with respect to which such dividend equivalents are paid.

 

(g)          Each grant of Performance Shares or
Performance Units will be evidenced by an Evidence of Award and will contain such other terms and provisions, consistent with this
Plan, as the Committee may approve.

 

9.           Other Awards.

 

(a)          Subject to applicable law and the limit
set forth in Section 3 of this Plan, the Committee may grant to any Participant such other awards that may be denominated
or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Common Shares or factors that
may influence the value of such shares, including, without limitation, convertible or exchangeable debt securities, other rights
convertible or exchangeable into Common Shares, purchase rights for Common Shares, awards with value and payment contingent upon
performance of the Company or specified Subsidiaries, affiliates or other business units thereof or any other factors designated
by the Committee, and awards valued by reference to the book value of the Common Shares or the value of securities of, or the performance
of specified Subsidiaries or affiliates or other business units of the Company. The Committee will determine the terms and conditions
of such awards. Common Shares delivered pursuant to an award in the nature of a purchase right granted under this Section 9
will be purchased for such consideration, paid for at such time, by such methods, and in such forms, including, without limitation,
Common Shares, other awards, notes or other property, as the Committee determines.

 

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(b)          Cash awards, as an element of or supplement
to any other award granted under this Plan, may also be granted pursuant to this Section 9.

 

(c)          The Committee may grant Common Shares
as a bonus, or may grant other awards in lieu of obligations of the Company or a Subsidiary to pay cash or deliver other property
under this Plan or under other plans or compensatory arrangements, subject to such terms as will be determined by the Committee
in a manner that complies with Section 409A of the Code.

 

(d)          Notwithstanding anything to the contrary
contained in this Plan, any grant of an award under this Section 9 may provide for the earning or vesting of, or
earlier elimination of restrictions applicable to, such award, including in the event of the retirement, death or disability of
a Participant, if the Participant is involuntarily terminated for reasons other than for cause, if the Participant terminates his
or her employment for good reason, or in the event of a Change in Control; provided, however, that no such adjustment
will be made in the case of a Qualified Performance-Based Award (other than in connection with the death or disability of the Participant
or a Change in Control) where such action would result in the loss of the otherwise available exemption of the award under Section 162(m)
of the Code. In such event, the Evidence of Award will specify the time and terms of delivery.

 

10.          Administration of this Plan.

 

(a)          This Plan will be administered by the
Committee. The Committee may from time to time delegate all or any part of its authority under this Plan to a subcommittee thereof.
To the extent of any such delegation, references in this Plan to the Committee will be deemed to be references to such subcommittee.

 

(b)          The interpretation and construction
by the Committee of any provision of this Plan or of any agreement, notification or document evidencing the grant of awards under
this Plan and any determination by the Committee pursuant to any provision of this Plan or of any such agreement, notification
or document will be final and conclusive. No member of the Committee shall be liable for any such action or determination made
in good faith. In addition, the Committee is authorized to take any action it determines in its sole discretion to be appropriate
subject only to the express limitations contained in this Plan, and no authorization in any Plan Section or other provision of
this Plan is intended or may be deemed to constitute a limitation on the authority of the Committee.

 

    14 

     

    

 

(c)          To the extent permitted by law, the
Committee may delegate to one or more of its members or to one or more officers of the Company, or to one or more agents or advisors,
such administrative duties or powers as it may deem advisable, and the Committee, the subcommittee, or any person to whom duties
or powers have been delegated as aforesaid, may employ one or more persons to render advice with respect to any responsibility
the Committee, the subcommittee or such person may have under the Plan. The Committee may, by resolution, authorize one or more
officers of the Company to do one or both of the following on the same basis as the Committee: (i) designate employees to be recipients
of awards under this Plan; and (ii) determine the size of any such awards; provided, however, that (A) the Committee
will not delegate such responsibilities to any such officer for awards granted to an employee who is an officer, Director, or more
than 10% beneficial owner of any class of the Company’s equity securities that is registered pursuant to Section 12 of the
Exchange Act, as determined by the Committee in accordance with Section 16 of the Exchange Act, or any Covered Employee; (B) the
resolution providing for such authorization sets forth the total number of Common Shares such officer(s) may grant; and (C) the
officer(s) will report periodically to the Committee regarding the nature and scope of the awards granted pursuant to the authority
delegated.

 

11.          Adjustments. The Committee
shall make or provide for such adjustments in the numbers of Common Shares covered by outstanding Option Rights, Appreciation Rights,
Restricted Shares, Restricted Stock Units, Performance Shares and Performance Units granted hereunder and, if applicable, in the
number of Common Shares covered by other awards granted pursuant to Section 9 hereof, in the Option Price and Base
Price provided in outstanding Option Rights and Appreciation Rights, in the kind of shares covered thereby, and in the other terms,
as the Committee, in its sole discretion, exercised in good faith, shall determine is equitably required to prevent dilution or
enlargement of the rights of Participants or Optionees that otherwise would result from (a) any stock dividend, stock split,
combination of shares, recapitalization or other change in the capital structure of the Company, (b) any merger, consolidation,
spin-off, split- off, spin-out, split-up, reorganization, partial or complete liquidation or other distribution of assets, issuance
of rights or warrants to purchase securities, or (c) any other corporate transaction or event having an effect similar to
any of the foregoing. However, such adjustments shall be made automatically, without the necessity of Committee action, on the
customary arithmetical basis in the case of any stock split, including a stock split effected by means of a stock dividend, and
in the case of any other dividend paid in shares of the Company. Moreover, in the event of any such transaction or event or in
the event of a Change in Control, the Committee shall provide in substitution for any or all outstanding awards under this Plan
such alternative consideration (including cash), if any, as it, in good faith, shall determine to be equitable in the circumstances
and may require in connection therewith the surrender of all awards so replaced in a manner that complies with Section 409A
of the Code. In addition, for each Option Right or Appreciation Right with an Option Price or Base Price greater than the consideration
offered in connection with any such transaction or event or Change in Control, the Committee may in its discretion elect to cancel
such Option Right or Appreciation Right without any payment to the person holding such Option Right or Appreciation Right. The
Committee shall also make or provide for such adjustments in the numbers of shares specified in Section 3 of this
Plan as the Committee in its sole discretion, exercised in good faith, shall determine is appropriate to reflect any transaction
or event described in this Section 11; provided, however, that any such adjustment to the number specified
in Section 3(c) will be made only if and to the extent that such adjustment would not cause any Option Right intended
to qualify as an Incentive Stock Option to fail to so qualify.

 

12.          Change in Control.  

 

(a)          For purposes of this Plan, except as
may be otherwise prescribed by the Committee in an Evidence of Award made under this Plan, a “Change in Control” will
be deemed to have occurred upon the occurrence of any of the following events:

 

    15 

     

    

 

		(i)	any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”)
is or becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 50% or more of
the combined voting power of the then-outstanding Voting Stock of the Company; provided, however, that:

 

		(1)	for purposes of this Section 12(a)(i), the following acquisitions will not constitute a Change in Control: (A) any acquisition
of Voting Stock of the Company directly from the Company that is approved by a majority of the Incumbent Directors, (B) any acquisition
of Voting Stock of the Company by the Company or any Subsidiary, (C) any acquisition of Voting Stock of the Company by the trustee
or other fiduciary holding securities under any employee benefit plan (or related trust) sponsored or maintained by the Company
or any Subsidiary, and (D) any acquisition of Voting Stock of the Company by any Person pursuant to a Business Transaction
that complies with clauses (A), (B) and (C) of Section 12(a)(iii) below;

 

		(2)	if any Person is or becomes the beneficial owner of 50% or more of combined voting power of the then-outstanding Voting Stock
of the Company as a result of a transaction described in clause (A) of Section 12(a)(i)(1) above and such Person thereafter becomes
the beneficial owner of any additional shares of Voting Stock of the Company representing 1% or more of the then-outstanding Voting
Stock of the Company, other than in an acquisition directly from the Company that is approved by a majority of the Incumbent Directors
or other than as a result of a stock dividend, stock split or similar transaction effected by the Company in which all holders
of Voting Stock are treated equally, such subsequent acquisition will be treated as a Change in Control;

 

		(3)	a Change in Control will not be deemed to have occurred if a Person is or becomes the beneficial owner of 50% or more of the
Voting Stock of the Company as a result of a reduction in the number of shares of Voting Stock of the Company outstanding pursuant
to a transaction or series of transactions that is approved by a majority of the Incumbent Directors unless and until such Person
thereafter becomes the beneficial owner of any additional shares of Voting Stock of the Company representing 1% or more of the
then-outstanding Voting Stock of the Company, other than as a result of a stock dividend, stock split or similar transaction effected
by the Company in which all holders of Voting Stock are treated equally; and

 

    16 

     

    

 

		(4)	if at least a majority of the Incumbent Directors determine in good faith that a Person has acquired beneficial ownership of
50% or more of the Voting Stock of the Company inadvertently, and such Person divests as promptly as practicable but no later than
the date, if any, set by the Incumbent Board a sufficient number of shares so that such Person beneficially owns less than 50%
of the Voting Stock of the Company, then no Change in Control will have occurred as a result of such Person’s acquisition;
or

 

		(ii)	a majority of the Board ceases to be comprised of Incumbent Directors; or

 

		(iii)	the consummation of a reorganization, merger or consolidation, or sale or other disposition of all or substantially all of
the assets of the Company or the acquisition of the stock or assets of another corporation, or other transaction (each, a “Business
Transaction”), unless, in each case, immediately following such Business Transaction (A) the Voting Stock of the Company
outstanding immediately prior to such Business Transaction continues to represent (either by remaining outstanding or by being
converted into Voting Stock of the surviving entity or any parent thereof), more than 50% of the combined voting power of the then
outstanding shares of Voting Stock of the entity resulting from such Business Transaction (including, without limitation, an entity
which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly
or through one or more subsidiaries), (B) no Person (other than the Company, such entity resulting from such Business Transaction,
or any employee benefit plan (or related trust) sponsored or maintained by the Company, any Subsidiary or such entity resulting
from such Business Transaction) beneficially owns, directly or indirectly, 50% or more of the combined voting power of the then
outstanding shares of Voting Stock of the entity resulting from such Business Transaction, and (C) at least a majority of the members
of the Board of Directors of the entity resulting from such Business Transaction were Incumbent Directors at the time of the execution
of the initial agreement or of the action of the Board providing for such Business Transaction; or

 

		(iv)	approval by the shareholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business
Transaction that complies with clauses (A), (B) and (C) of Section 12(a)(iii).

 

    17 

     

    

 

(b)          Specifically defined terms for purposes
of Section 12(a):

 

		(i)	“Board” means the Board of Directors of Ascend Telecom Holdings Limited.

 

		(ii)	“Incumbent Directors” means the individuals who, as of the date hereof, are Directors of the Company (each, a “Director”)
and any individual becoming a Director subsequent to the date hereof whose election, nomination for election by the Company’s
shareholders, or appointment, was approved by a vote of at least two-thirds of the then Incumbent Directors (either by a specific
vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without objection
to such nomination); provided, however, that an individual will not be an Incumbent Director if such individual’s
election or appointment to the Board occurs as a result of an actual or threatened election contest (as described in Rule 14a-12(c)
of the Exchange Act) with respect to the election or removal of Directors or other actual or threatened solicitation of proxies
or consents by or on behalf of a Person other than the Board.

 

		(iii)	“Subsidiary” means an entity in which the Company directly or indirectly beneficially owns 50% or more of the outstanding
Voting Stock.

 

		(iv)	“Voting Stock” means securities entitled to vote generally in the election of directors.

 

13.          Detrimental Activity and Recapture
Provisions. Any Evidence of Award may provide for the cancellation or forfeiture of an award or the forfeiture and repayment
to the Company of any gain related to an award, or other provisions intended to have a similar effect, upon such terms and conditions
as may be determined by the Committee from time to time, if a Participant, either (a) during employment or other service with the
Company or a Subsidiary or (b) within a specified period after termination of such employment or service, shall engage in any detrimental
activity. In addition, notwithstanding anything in this Plan to the contrary, any Evidence of Award may also provide for the cancellation
or forfeiture of an award or the forfeiture and repayment to the Company of any gain related to an award, or other provisions intended
to have a similar effect, upon such terms and conditions as may be required by the Committee or under Section 10D of the Exchange
Act and any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national securities exchange
or national securities association on which the Common Shares may be traded.

 

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14.          Non U.S. Participants. In
order to facilitate the making of any grant or combination of grants under this Plan, the Committee may provide for such special
terms for awards to Participants who are foreign nationals or who are employed by the Company or any Subsidiary outside of the
United States of America or who provide services to the Company under an agreement with a foreign nation or agency, as the Committee
may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Moreover, the Committee may
approve such supplements to or amendments, restatements or alternative versions of this Plan (including, without limitation, sub-plans)
as it may consider necessary or appropriate for such purposes, without thereby affecting the terms of this Plan as in effect for
any other purpose, and the Secretary or other appropriate officer of the Company may certify any such document as having been approved
and adopted in the same manner as this Plan. No such special terms, supplements, amendments or restatements, however, will include
any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been amended to
eliminate such inconsistency without further approval by the shareholders of the Company.

 

15.          Transferability.

 

(a)          Except as otherwise determined by the
Committee, no Option Right, Appreciation Right, Restricted Shares, Restricted Stock Unit, Performance Share, Performance Unit,
award contemplated by Section 9 of this Plan or dividend equivalents paid with respect to awards made under this
Plan will be transferable by the Participant except pursuant to a domestic relations order (that contains any information required
by the Company to effectuate the transfer) or by will or the laws of descent and distribution, and in no event will any such award
granted under the Plan be transferred for value. Except as otherwise determined by the Committee, Option Rights and Appreciation
Rights will be exercisable during the Participant’s lifetime only by him or her or, in the event of the Participant’s
legal incapacity to do so, by his or her guardian or legal representative acting on behalf of the Participant in a fiduciary capacity
under state law or court supervision.

 

(b)          The Committee may specify at the Date
of Grant that part or all of the Common Shares that are (i) to be issued or transferred by the Company upon the exercise of Option
Rights or Appreciation Rights, upon the termination of the Restriction Period applicable to Restricted Stock Units or upon payment
under any grant of Performance Shares or Performance Units or (ii) no longer subject to the substantial risk of forfeiture and
restrictions on transfer referred to in Section 6 of this Plan, will be subject to further restrictions on transfer.

 

16.          Withholding Taxes. To the
extent that the Company is required to withhold federal, state, local or foreign taxes in connection with any payment made or benefit
realized by a Participant or other person under this Plan, and the amounts available to the Company for such withholding are insufficient,
it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other person
make arrangements satisfactory to the Company for payment of the balance of such taxes required to be withheld, which arrangements
(in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant’s benefit
is to be received in the form of Common Shares, and such Participant fails to make arrangements for the payment of tax, then, unless
otherwise determined by the Committee, the Company will withhold Common Shares having a value equal to the amount required to be
withheld. Notwithstanding the foregoing, when a Participant is required to pay the Company an amount required to be withheld under
applicable income and employment tax laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy
the obligation, in whole or in part, by having withheld, from the shares required to be delivered to the Participant, Common Shares
having a value equal to the amount required to be withheld or by delivering to the Company other Common Shares held by such Participant.
The shares used for tax withholding will be valued at an amount equal to the market value of such Common Shares on the date the
benefit is to be included in Participant’s income. In no event will the market value of the Common Shares to be withheld
and delivered pursuant to this Section to satisfy applicable withholding taxes in connection with the benefit exceed the minimum
amount of taxes required to be withheld. Participants will also make such arrangements as the Company may require for the payment
of any withholding tax obligation that may arise in connection with the disposition of Common Shares acquired upon the exercise
of Option Rights.

 

    19 

     

    

 

17.          Compliance with Section 409A of
the Code.

 

(a)          To the extent applicable, it is intended
that this Plan and any grants made hereunder comply with the provisions of Section 409A of the Code, so that the income inclusion
provisions of Section 409A(a)(1) of the Code do not apply to the Participants. This Plan and any grants made hereunder will
be administered in a manner consistent with this intent. Any reference in this Plan to Section 409A of the Code will also
include any regulations or any other formal guidance promulgated with respect to such Section by the U.S. Department of the
Treasury or the Internal Revenue Service.

 

(b)          Neither a Participant nor any of a
Participant’s creditors or beneficiaries will have the right to subject any deferred compensation (within the meaning of
Section 409A of the Code) payable under this Plan and grants hereunder to any anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, attachment or garnishment. Except as permitted under Section 409A of the Code, any deferred compensation
(within the meaning of Section 409A of the Code) payable to a Participant or for a Participant’s benefit under this
Plan and grants hereunder may not be reduced by, or offset against, any amount owing by a Participant to the Company or any of
its Subsidiaries.

 

(c)          If, at the time of a Participant’s
separation from service (within the meaning of Section 409A of the Code), (i) the Participant will be a specified employee
(within the meaning of Section 409A of the Code and using the identification methodology selected by the Company from time
to time) and (ii) the Company makes a good faith determination that an amount payable hereunder constitutes deferred compensation
(within the meaning of Section 409A of the Code) the payment of which is required to be delayed pursuant to the six-month
delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code,
then the Company will not pay such amount on the otherwise scheduled payment date but will instead pay it, without interest, on
the first business day of the seventh month after such separation from service.

 

(d)          Notwithstanding any provision of this
Plan and grants hereunder to the contrary, in light of the uncertainty with respect to the proper application of Section 409A
of the Code, the Company reserves the right to make amendments to this Plan and grants hereunder as the Company deems necessary
or desirable to avoid the imposition of taxes or penalties under Section 409A of the Code. In any case, a Participant will
be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on a Participant or for a
Participant’s account in connection with this Plan and grants hereunder (including any taxes and penalties under Section 409A
of the Code), and neither the Company nor any of its affiliates will have any obligation to indemnify or otherwise hold a Participant
harmless from any or all of such taxes or penalties.

 

    20 

     

    

 

18.          Amendments.

 

(a)          The Board may at any time and from
time to time amend this Plan in whole or in part; provided, however, that if an amendment to this Plan (i) would
materially increase the benefits accruing to participants under this Plan, (ii) would materially increase the number of securities
which may be issued under this Plan, (iii) would materially modify the requirements for participation in this Plan, or (iv)
must otherwise be approved by the shareholders of the Company in order to comply with applicable law or the rules of the NASDAQ
Stock Market or, if the Common Shares are not traded on the NASDAQ Stock Market, the principal national securities exchange upon
which the Common Shares are traded or quoted, then, such amendment will be subject to shareholder approval and will not be effective
unless and until such approval has been obtained.

 

(b)          Except in connection with a corporate
transaction or event described in Section 11 of this Plan, the terms of outstanding awards may not be amended
to reduce the Option Price of outstanding Option Rights or the Base Price of outstanding Appreciation Rights, or cancel outstanding
Option Rights or Appreciation Rights in exchange for cash, other awards or Option Rights or Appreciation Rights with an Option
Price or Base Price, as applicable, that is less than the Option Price of the original Option Rights or Base Price of the original
Appreciation Rights, as applicable, without shareholder approval. This Section 18(b) is intended to prohibit
the repricing of “underwater” Option Rights and Appreciation Rights and will not be construed to prohibit the adjustments
provided for in Section 11 of this Plan. Notwithstanding any provision of this Plan to the contrary, this Section
18(b) may not be amended without approval by the Company’s shareholders.

 

(c)          If permitted by Section 409A of the
Code and Section 162(m) of the Code, but subject to the paragraph that follows, including in the case of termination of employment
by reason of death, disability or retirement, or in the case of unforeseeable emergency or other special circumstances or in the
event of a Change in Control, to the extent a Participant holds an Option Right or Appreciation Right not immediately exercisable
in full, or any Restricted Shares as to which the substantial risk of forfeiture or the prohibition or restriction on transfer
has not lapsed, or any Restricted Stock Units as to which the Restriction Period has not been completed, or any Performance Shares
or Performance Units which have not been fully earned, or any other awards made pursuant to Section 9 subject to
any vesting schedule or transfer restriction, or who holds Common Shares subject to any transfer restriction imposed pursuant to
Section 15(b) of this Plan, the Committee may, in its sole discretion, accelerate the time at which such Option Right,
Appreciation Right or other award may be exercised or the time at which such substantial risk of forfeiture or prohibition or restriction
on transfer will lapse or the time when such Restriction Period will end or the time at which such Performance Shares or Performance
Units will be deemed to have been fully earned or the time when such transfer restriction will terminate or may waive any other
limitation or requirement under any such award, except in the case of a Qualified Performance-Based Award where such action would
result in the loss of the otherwise available exemption of the award under Section 162(m) of the Code.

 

    21 

     

    

 

Subject to Section 18(b)
hereof, the Committee may amend the terms of any award theretofore granted under this Plan prospectively or retroactively, except
in the case of a Qualified Performance-Based Award (other than in connection with the Participant’s death or disability,
or a Change in Control) where such action would result in the loss of the otherwise available exemption of the award under Section
162(m) of the Code. In such case, the Committee will not make any modification of the Management Objectives or the level or levels
of achievement with respect to such Qualified Performance-Based Award. Subject to Section 11 above, no such
amendment will impair the rights of any Participant without his or her consent. The Board may, in its discretion, terminate this
Plan at any time. Termination of this Plan will not affect the rights of Participants or their successors under any awards outstanding
hereunder and not exercised in full on the date of termination.

 

19.          Governing Law. This Plan and
all grants and awards and actions taken hereunder will be governed by and construed in accordance with the internal substantive
laws of the State of [•].

 

20.          Effective Date/Termination. This
Plan will be effective as of the Effective Date. No grant will be made under this Plan after [•], 20[25], but
all grants made on or prior to such date will continue in effect thereafter subject to the terms thereof and of this Plan.

 

21.          Miscellaneous Provisions.

 

(a)          The Company will not be required to
issue any fractional Common Shares pursuant to this Plan. The Committee may provide for the elimination of fractions or for the
settlement of fractions in cash.

 

(b)          This Plan will not confer upon any
Participant any right with respect to continuance of employment or other service with the Company or any Subsidiary, nor will it
interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate such Participant’s employment
or other service at any time.

 

(c)          Except with respect to Section
21(e), to the extent that any provision of this Plan would prevent any Option Right that was intended to qualify as an
Incentive Stock Option from qualifying as such, that provision will be null and void with respect to such Option Right. Such provision,
however, will remain in effect for other Option Rights and there will be no further effect on any provision of this Plan.

 

(d)          No award under this Plan may be exercised
by the holder thereof if such exercise, and the receipt of cash or stock thereunder, would be, in the opinion of counsel selected
by the Company, contrary to law or the regulations of any duly constituted authority having jurisdiction over this Plan.

 

(e)          Absence on leave approved by a duly
constituted officer of the Company or any of its Subsidiaries will not be considered interruption or termination of service of
any employee for any purposes of this Plan or awards granted hereunder.

 

    22 

     

    

 

(f)          No Participant will have any rights
as a shareholder with respect to any shares subject to awards granted to him or her under this Plan prior to the date as of which
he or she is actually recorded as the holder of such shares upon the stock records of the Company.

 

(g)          The Committee may condition the grant
of any award or combination of awards authorized under this Plan on the surrender or deferral by the Participant of his or her
right to receive a cash bonus or other compensation otherwise payable by the Company or a Subsidiary to the Participant.

 

(h)          Except with respect to Option Rights
and Appreciation Rights, the Committee may permit Participants to elect to defer the issuance of Common Share under the Plan pursuant
to such rules, procedures or programs as it may establish for purposes of this Plan and which are intended to comply with the requirements
of Section 409A of the Code. The Committee also may provide that deferred issuances and settlements include the payment or crediting
of dividend equivalents or interest on the deferral amounts.

 

(i)          If any provision of this Plan is or
becomes invalid, illegal or unenforceable in any jurisdiction, or would disqualify this Plan or any award under any law deemed
applicable by the Committee, such provision will be construed or deemed amended or limited in scope to conform to applicable laws
or, in the discretion of the Committee, it will be stricken and the remainder of this Plan will remain in full force and effect.

 

22.          Stock-Based Awards in Substitution
for Option Rights or Awards Granted by Other Company. Notwithstanding anything in this Plan to the contrary:

 

(a)          Awards may be granted under this Plan
in substitution for or in conversion of, or in connection with an assumption of, stock options, stock appreciation rights, restricted
stock, restricted stock units or other stock or stock-based awards held by awardees of an entity engaging in a corporate acquisition
or merger transaction with the Company or any Subsidiary. Any conversion, substitution or assumption will be effective as of the
close of the merger or acquisition, and, to the extent applicable, will be conducted in a manner that complies with Section 409A
of the Code. The awards so granted may reflect the original terms of the awards being assumed or substituted or converted for and
need not comply with other specific terms of this Plan, and may account for Common Shares substituted for the securities covered
by the original awards and the number of shares subject to the original awards, as well as any exercise or purchase prices applicable
to the original awards, adjusted to account for differences in stock prices in connection with the transaction.

 

(b)          In the event that a company acquired
by the Company or any Subsidiary or with which the Company or any Subsidiary merges has shares available under a pre-existing plan
previously approved by stockholders and not adopted in contemplation of such acquisition or merger, the shares available for grant
pursuant to the terms of such plan (as adjusted, to the extent appropriate, to reflect such acquisition or merger) may be used
for awards made after such acquisition or merger under the Plan; provided, however, that awards using such available
shares may not be made after the date awards or grants could have been made under the terms of the pre-existing plan absent the
acquisition or merger, and may only be made to individuals who were not employees or directors of the Company or any Subsidiary
prior to such acquisition or merger.

 

    23 

     

    

 

(c)          Any Common Shares that are issued or
transferred by, or that are subject to any awards that are granted by, or become obligations of, the Company under Sections 22(a)
or 22(b) above will not reduce the Common Shares available for issuance or transfer under the Plan or otherwise
count against the limits contained in Section 3 of the Plan. In addition, no Common Shares that are issued or transferred
by, or that are subject to any awards that are granted by, or become obligations of, the Company under Sections 22(a)
or 22(b) above will be added to the aggregate plan limit contained in Section 3 of the Plan.

 

    24EXHIBIT
10.1

 

SECURITIES
PURCHASE AGREEMENT

 

This
SECURITIES PURCHASE AGREEMENT (the “Agreement”) is dated as of October 9, 2014 by and among chatAND,
Inc., a Nevada corporation (the “Company”), and each of the purchasers identified on the signature pages
hereto and such purchasers’ respective successors and assigns (individually, a “Purchaser” and
collectively, the “Purchasers”).

 

The
parties hereto agree as follows:

 

Article
I.

Purchase and Sale of COMMON Stock

 

Section
1.01Purchase and Sale of Stock. Upon the following terms and conditions, the Company shall issue and sell to each Purchaser,
and each Purchaser shall, severally and not jointly, purchase from the Company, that number of shares of the Company’s common
stock, par value $0.0001 per share (the “Common Stock”), as is set forth on each such Purchaser’s
signature page hereto (collectively, the “Shares”), at a price per share equal to $0.20 (the “Per
Share Purchase Price”). The Company and the Purchasers are executing and delivering this Agreement in accordance
with and in reliance upon the exemption from securities registration afforded by Rule 506 of Regulation D (“Regulation D”)
as promulgated by the United States Securities and Exchange Commission (the “Commission”) under the
Securities Act of 1933, as amended (the “Securities Act”). The maximum number of shares of Common Stock
to be issued and sold by the Company pursuant to this Agreement is 1,250,000 shares of Common Stock for aggregate gross proceeds
of up to $250,000. Each Purchaser acknowledges and agrees that there is no minimum number of shares of Common Stock required to
be issued and sold by the Company hereunder and, accordingly, the Closing (as defined below), is not conditional upon any minimum
number of shares of Common Stock being issued and sold hereunder.

 

Section
1.02Warrants. The Company agrees to issue to each Purchaser a Warrant in substantially the form attached hereto as
Exhibit A (each a “Warrant” and collectively, the “Warrants”), to purchase
that number of shares of Common Stock as is equal to one-hundred percent (100%) of the number of Shares purchased by each such
Purchaser hereunder. The Warrants shall have an initial term of five (5) years from their issuance date and shall have an initial
exercise price per share equal to $0.24.

 

Section
1.03Warrant Shares. The Company has authorized and has reserved and covenants to continue to reserve, free of preemptive
rights and other similar contractual rights of stockholders, that number of shares of Common Stock equal to one hundred percent
(100%) of the number of shares of Common Stock as shall from time to time be sufficient to effect the exercise of all of the Warrants
then outstanding. Any shares of Common Stock issuable upon exercise of the Warrants (and such shares when issued) are herein referred
to as the “Warrant Shares”. The Shares, the Warrants and the Warrant Shares are sometimes collectively
referred to as the “Securities.”

 

Section
1.04Closing. The closing of the purchase and sale of the Shares and the Warrants hereunder (the “Closing”)
shall occur concurrently with the execution of this Agreement by the Company and the Purchasers. In particular, immediately following
execution of this Agreement by the Purchasers and the Company, each Purchaser shall transmit to the Company, via wire transfer
of immediately available funds, such Purchaser’s total purchase price hereunder (with respect to each Purchaser, the “Individual
Purchase Price”), and the Company shall deliver an originally executed Warrant to each Purchaser to acquire that
number of shares of Common Stock as is set forth on such Purchaser’s signature page hereto and irrevocably instruct the
Company’s transfer agent to deliver to each Purchaser a stock certificate for the number of Shares purchased hereunder by
each such Purchaser.

 

    	PAGE 1 OF 17

    	 	 	 

    

 

Article
II.

Representations and Warranties

 

Section
2.01Representations and Warranties of the Company. The Company hereby represents and warrants to the Purchasers, as
of the date hereof, as follows:

 

(a)Organization,
Good Standing and Power. The Company is a corporation duly incorporated, validly existing and in good standing under the laws
of the State of Nevada and has the requisite corporate power to own, lease and operate its properties and assets and to conduct
its business as it is now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good
standing in every jurisdiction in which the nature of the business conducted or property owned by it makes such qualification
necessary except for any jurisdiction(s) (alone or in the aggregate) in which the failure to be so qualified will not have material
adverse effect on the business, operations, assets, properties, prospects or financial condition of the Company and its subsidiaries,
taken as a whole, and/or any condition, circumstance, or situation that would prohibit or otherwise interfere with the ability
of the Company to perform any of its obligations under the Transaction Documents in any material respect (each, a “Material
Adverse Effect”).

 

(b)Authorization;
Enforcement. The Company has the requisite corporate power and authority to enter into and perform this Agreement and the
Warrants (collectively, the “Transaction Documents”) and to issue and sell the Shares and the Warrants
in accordance with the terms hereof and otherwise carry out its obligations thereunder. The execution, delivery and performance
of the Transaction Documents by the Company and the consummation by it of the transactions contemplated hereby and thereby have
been duly and validly authorized by all necessary corporate action, and no further consent or authorization of the Company or
its Board of Directors or stockholders is required. The Transaction Documents have been duly executed and delivered by the Company.
Each of the Transaction Documents constitutes a valid and binding obligation of the Company enforceable against the Company in
accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium, liquidation, conservatorship, receivership or similar laws relating to, or affecting generally the enforcement of,
creditor’s rights and remedies or by other equitable principles of general application.

 

(c)Issuance
of Shares. The Shares and the Warrants to be issued at the Closing have been duly authorized by all necessary corporate action
and the Shares, when paid for or issued in accordance with the terms hereof, shall be validly issued and outstanding, fully paid
and nonassessable. When the Warrant Shares are issued in accordance with the terms of the Warrants, such shares will be duly authorized
by all necessary corporate action and validly issued and outstanding, fully paid and nonassessable, and the holders shall be entitled
to all rights accorded to a holder of Common Stock.

 

(d)No
Conflicts. The execution, delivery and performance of the Transaction Documents by the Company, the performance by the Company
of its obligations under the Warrants and the consummation by the Company of the transactions contemplated herein and therein
do not and will not (i) conflict with or violate any provision of the Company’s Articles of Incorporation or Bylaws, (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 to others any rights of termination, amendment, acceleration or cancellation of, any agreement, mortgage, deed of trust,
indenture, note, bond, license, lease agreement, instrument or obligation to which the Company is a party or by which it or its
properties or assets are bound, (iii) create or impose a lien, mortgage, security interest, charge or encumbrance of any nature
on any property of the Company under any agreement or any commitment to which the Company is a party or by which the Company is
bound or by which any of its properties or assets are bound or (iv) result in a violation of any federal, state, local or foreign
statute, rule, regulation, order, judgment or decree (including federal and state securities laws and regulations) applicable
to the Company or by which any property or asset of the Company are bound or affected, except, in all cases other than violations
pursuant to clause (i) above, for such conflicts, defaults, terminations, amendments, accelerations, cancellations and violations
as would not, individually or in the aggregate, have or reasonably be expected to have a Material Adverse Effect.

 

    	PAGE 2 OF 17

    	 	 	 

    

 

(e)Commission
Documents, Financial Statements. The Common Stock of the Company is registered pursuant to Section 12(b) or 12(g) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and the Company has timely filed all reports,
schedules, forms, statements and other documents required to be filed by it with the Commission pursuant to the reporting requirements
of the Exchange Act, including material filed pursuant to Section 13(a) or 15(d) of the Exchange Act from January 1, 2011 through
the date hereof (all of the foregoing including filings incorporated by reference therein being referred to herein as the “Commission
Documents”). At the times of their respective filings, the Commission Documents complied in all material respects
with the requirements of the Exchange Act and the rules and regulations of the Commission promulgated thereunder and other federal,
state and local laws, rules and regulations applicable to such documents and, as for their respective dates, none of the Commission
Documents 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 Commission Documents comply as to form in all material respects with applicable
accounting requirements and the published rules and regulations of the Commission or other applicable rules and regulations with
respect thereto. Such financial statements have been prepared in accordance with United States generally accepted accounting principles
applied on a consistent basis during the periods involved (except (i) as may be otherwise indicated in such financial statements
or the notes thereto or (ii) in the case of unaudited interim statements, to the extent they may not include footnotes or may
be condensed or summary statements), and fairly present in all material respects the financial position of the Company and its
subsidiaries as of the dates thereof and the results of operations and cash flows for the periods then ended (subject, in the
case of unaudited statements, to normal year-end audit adjustments).

 

Section
2.02Representations and Warranties of the Purchasers. Each of the Purchasers hereby makes the following representations
and warranties to the Company with respect solely to itself and not with respect to any other Purchaser:

 

(a)Organization
and Standing of the Purchasers. If the Purchaser is an entity, such Purchaser is a corporation, limited liability company
or partnership duly incorporated or organized, validly existing and in good standing under the laws of the jurisdiction of its
incorporation or organization.

 

(b)Authorization
and Power. Each Purchaser has the requisite power and authority to enter into and perform this Agreement and to purchase the
Securities being sold to it hereunder. The execution, delivery and performance of this Agreement by such Purchaser and the consummation
by it of the transactions contemplated hereby have been duly authorized by all necessary corporate or partnership action, and
no further consent or authorization of such Purchaser or its Board of Directors, stockholders, or partners, as the case may be,
is required. This Agreement has been duly authorized, executed and delivered by such Purchaser and constitutes, or shall constitute
when executed and delivered, a valid and binding obligation of the Purchaser enforceable against the Purchaser in accordance with
the terms thereof, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
liquidation, conservatorship, receivership or similar laws relating to, or affecting generally the enforcement of, creditor’s
rights and remedies or by other equitable principles of general application.

 

(c)Purchase
For Own Account. Each Purchaser is acquiring the Securities solely for its own account and not with a view to or for sale
in connection with distribution. Each Purchaser does not have a present intention to sell the Shares or the Warrants, nor a present
arrangement (whether or not legally binding) or intention to effect any distribution of the Shares or the Warrants to or through
any person or entity; provided, however, that by making the representations herein and subject to Section 2.02(g)
below, such Purchaser does not agree to hold the Shares or the Warrants for any minimum or other specific term and reserves the
right to dispose of the Shares or the Warrants at any time in accordance with federal and state securities laws applicable to
such disposition. Each Purchaser acknowledges that it is able to bear the financial risks associated with an investment in the
Securities and that it has been given full access to such records of the Company and its subsidiaries and to the officers of the
Company and its subsidiaries and received such information as it has deemed necessary or appropriate to conduct its due diligence
investigation and has sufficient knowledge and experience in investing in companies similar to the Company in terms of the Company’s
stage of development so as to be able to evaluate the risks and merits of its investment in the Company.

 

    	PAGE 3 OF 17

    	 	 	 

    

 

(d)Status
of Purchasers. Such Purchaser is an “accredited investor” as defined in Regulation D promulgated under the Securities
Act. Such Purchaser is not required to be registered as a broker-dealer under Section 15 of the Exchange Act and such Purchaser
is not a broker-dealer.

 

(e)Opportunities
for Additional Information. Each Purchaser acknowledges that such Purchaser has had the opportunity to ask questions of and
receive answers from, or obtain additional information from, the executive officers of the Company concerning the financial and
other affairs of the Company, and to the extent deemed necessary in light of such Purchaser’s personal knowledge of the
Company’s affairs, such Purchaser has asked such questions and received answers to the full satisfaction of such Purchaser,
and such Purchaser desires to invest in the Company. Neither such inquiries nor any other investigation conducted by or on behalf
of such Purchaser or its representatives or counsel shall modify, amend or affect such Purchaser’s right to rely on the
truth, accuracy and completeness of the Company’s representations and warranties contained in the Transaction Documents.

 

(f)No
General Solicitation. Each Purchaser acknowledges that the Shares and the Warrants were not offered to such Purchaser by means
of any form of general or public solicitation or general advertising, or publicly disseminated advertisements or sales literature,
including (i) any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media,
or broadcast over television or radio or (ii) any seminar or meeting to which such Purchaser was invited by any of the foregoing
means of communications.

 

(g)Rule
144. Such Purchaser understands that the Securities must be held indefinitely unless such Shares or Warrants are registered
under the Securities Act or an exemption from registration is available. Such Purchaser acknowledges that such Purchaser is familiar
with Rule 144 of the rules and regulations of the Commission, as amended, promulgated pursuant to the Securities Act (“Rule
144”), and that such person has been advised that Rule 144 permits resales only under certain circumstances. Such
Purchaser understands that to the extent that Rule 144 is not available, such Purchaser will be unable to sell any Shares or Warrants
without either registration under the Securities Act or the existence of another exemption from such registration requirement.

 

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

 

(i)Governmental
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 Shares or the Warrants.

 

(j)Independent
Investment. Except as may be disclosed in any filings with the Commission by the Purchasers under Section 13 and/or Section
16 of the Exchange Act, no Purchaser has agreed to act with any other Purchaser for the purpose of acquiring, holding, voting
or disposing of the Securities purchased hereunder for purposes of Section 13(d) under the Exchange Act, and each Purchaser is
acting independently with respect to its investment in the Securities.

 

    	PAGE 4 OF 17

    	 	 	 

    

 

Article
III.

OTHER AGREEMENTS OF THE PARTIES

 

Section
3.01Transfer Restrictions.

 

(a)The
Purchasers covenant that the Securities will only be disposed of pursuant to an effective registration statement under, and in
compliance with the requirements of, the Securities Act or pursuant to an available exemption from the registration requirements
of the Securities Act, and in compliance with any applicable state securities laws. In connection with any transfer of Securities
other than pursuant to an effective registration statement or to the Company, or pursuant to Rule 144 at such time that the Company
is not required to be in compliance with Rule 144(c) and any other limitations or requirements set forth in Rule 144, the Company
may require the transferor to provide the Company with an opinion of counsel selected by the transferor, the form and substance
of which opinion shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration
under the Securities Act.

 

(b)The
Purchasers agree to the imprinting of the following legend on any certificate evidencing any of the Securities (in addition to
any legend required by applicable state securities or “blue sky” laws):

 

THESE
SECURITIES REPRESENTED BY THIS CERTIFICATE (THE “SECURITIES”) HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE
DISPOSED OF UNLESS REGISTERED UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES LAWS OR THE COMPANY SHALL HAVE RECEIVED
AN OPINION OF COUNSEL THAT REGISTRATION OF SUCH SECURITIES UNDER THE SECURITIES ACT AND UNDER THE PROVISIONS OF APPLICABLE STATE
SECURITIES LAWS IS NOT REQUIRED.

 

Section
3.02Integration. The Company shall not sell, offer for sale or solicit offers to buy or otherwise negotiate in respect
of any security (as defined in Section 2 of the Securities Act) that would be integrated with the offer or sale of the Shares
and Warrants in a manner that would require the registration under the Securities Act of the sale of the Shares and Warrants to
the Purchasers.

 

Section
3.03Securities Laws Disclosure; Publicity. The Company shall, at or before 5:30 p.m., New York time, on the fourth
business day following execution of this Agreement, file a Current Report on Form 8-K with the Commission describing the terms
of the transactions contemplated by the Transaction Documents and including as exhibits to such Current Report on Form 8-K the
Transaction Documents, in the form required by the Exchange Act. Thereafter, the Company shall timely file any filings and notices
required by the Commission or applicable state law with respect to the transactions contemplated hereby and provide copies thereof
to the Purchasers upon request.

 

Section
3.04Purchase Price Reset.

 

(a)Until
the date that is twelve months after the date hereof, in the event that the Company issues or sells any shares of Common Stock
or any Common Stock Equivalent (as defined below) pursuant to which shares of Common Stock may be acquired at a price less than
the Base Price (as defined below) (subject to appropriate adjustments for any stock dividend, stock split, stock combination,
reclassification or similar transaction after the date hereof) (such lower price, the “Lower Price”
and such issuances, collectively, a “Dilutive Issuance”), then the Company shall promptly issue such
number of additional shares of Common Stock to each Purchaser, for no additional consideration, equal to the product of (A) a
fraction the numerator of which is the Base Price and the denominator of which is the Lower Price and (B) the number of Shares
then held by the Purchaser plus the number of shares of Common Stock previously issued to such Purchaser pursuant to this Section
3.04(a) then held by the Purchaser (each such additional issuance of shares of Common Stock, a “Dilution Adjustment”).
Such Dilution Adjustment shall be made successively whenever such a Dilutive Issuance is made. Notwithstanding the foregoing,
this Section 3.04(a) shall not apply in respect of an Exempt Issuance (as defined below). No fractional shares shall be issued
as a result of this Section 3.04(a) and any fractional shares shall be rounded down to the nearest whole number.

 

    	PAGE 5 OF 17

    	 	 	 

    

 

(b)
For the purposes of this Agreement:

 

(i)“Affiliate”
of any Person means any other Person directly or indirectly controlling, controlled by or under direct or indirect common control
with such Person.

 

(ii)“Base
Price” means, initially, the Per Share Purchase Price and after each Dilution Adjustment, the Lower Price that resulted
in such Dilution Adjustment.

 

(iii)“Common
Stock Equivalent” means any securities of the Company which would entitle the holder thereof to acquire at any time
Common Stock, including, without limitation, any debt, preferred stock, right, option, warrant or other instrument that is at
any time convertible into or exercisable or exchangeable for, or otherwise entitles the holder thereof to receive, Common Stock.

 

(iv)
“Exempt Issuance” means the issuance of (A) shares of Common Stock or options to employees, officers,
consultants or directors of the Company pursuant to any stock option plan of the Company in effect on the date hereof on the terms
in effect on the date hereof, (B) securities upon the exercise or exchange of or conversion of any Securities issued hereunder,
(C) Common Stock Equivalents issued and outstanding on the date of this Agreement, provided that such Common Stock Equivalents
have not been amended since the date of this Agreement to increase the number of such securities or to decrease the exercise price,
exchange price or conversion price of such securities and (D) securities issued in connection with a joint venture, merger, acquisition,
or consolidation of all or substantially all of the assets, securities or business division of another entity or other strategic
transaction so long as, in each case, such issuances are not for the principal purpose of raising capital.

 

(v)“Person”
means 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.

 

(vi)“Principal
Market” means whichever of the NYSE MKT, Nasdaq Capital Market, Nasdaq Global Market, Nasdaq Global Select Market,
Bulletin Board, New York Stock Exchange or any over-the-counter bulletin board service maintained by OTC Markets Group Inc. is
at the time the principal trading exchange or market for the Common Stock.

 

Article
IV.

Miscellaneous

 

Section
4.01Fees and Expenses. Except as otherwise set forth in this Agreement and the other Transaction Documents, each party
shall pay the fees and expenses of its advisors, counsel, accountants and other experts, if any, and all other expenses, incurred
by such party incident to the negotiation, preparation, execution, delivery and performance of this Agreement. The Company shall
pay all stamp or other similar taxes and duties levied in connection with issuance of the Shares and the Warrants pursuant hereto.

 

Section
4.02Specific Enforcement, Consent to Jurisdiction.

 

(a)The
Company and the Purchasers acknowledge and agree that irreparable damage would occur in the event that any of the provisions of
this Agreement or the other Transaction Documents were not performed in accordance with their specific terms or were otherwise
breached. It is accordingly agreed that the parties shall be entitled to seek an injunction or injunctions to prevent or cure
breaches of the provisions of this Agreement and to enforce specifically the terms and provisions hereof or thereof, this being
in addition to any other remedy to which any of them may be entitled by law or equity.

 

(b)Each
of the Company and the Purchasers (i) hereby irrevocably submits to the jurisdiction of the United States District Court sitting
in the Southern District of New York and the courts of the State of New York located in New York County for the purposes of any
suit, action or proceeding arising out of or relating to this Agreement or any of the other Transaction Documents or the transactions
contemplated hereby or thereby and (ii) hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim
that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient
forum or that the venue of the suit, action or proceeding is improper. Each of the Company and the Purchasers consents to process
being served in any such suit, action or proceeding by mailing a copy thereof 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 in this Section 4.02(b) shall affect or limit any right to serve process in any other manner permitted by law.

 

    	PAGE 6 OF 17

    	 	 	 

    

 

Section
4.03Entire Agreement; Amendment. This Agreement (including all exhibits and schedules hereto) and the Transaction Documents
contain the entire understanding and agreement of the parties with respect to the matters covered hereby and, except as specifically
set forth herein or in the Transaction Documents, neither the Company nor any of the Purchasers makes any representations, warranty,
covenant or undertaking with respect to such matters and they supersede all prior understandings and agreements with respect to
said subject matter, all of which are merged herein. No provision of this Agreement may be waived or amended other than by a written
instrument signed by the Company and the Purchasers holding a majority of the Shares then outstanding and held by Purchasers.
No such amendment or waiver shall be effective to the extent that it applies to less than all of the holders of the Shares then
outstanding.

 

Section
4.04Notices. Any notice, demand, request, waiver or other communication required or permitted to be given hereunder
shall be in writing and shall be effective (a) upon hand delivery, e-mail or facsimile 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:

 

(a)If
to the Company:

 

chatAND,
Inc.

244
5th Avenue, Suite C68

New
York, New York

Attention:
Victoria Rudman, CFO

Fax
No.: (305) 692-3703

 

with
copies to:

 

Quick
Law Group PC

1035
Pearl Street, Suite 403

Boulder,
CO 80302

Attention:
Jeffrey M. Quick, Esq.

Fax
No.: (303) 845-7315

 

(b)If
to any Purchaser at the address of such Purchaser set forth on the signature pages hereto.

 

Any
party hereto may from time to time change its address for notices by giving at least ten (10) days written notice of such changed
address to the other party hereto.

 

Section
4.05Waivers. No waiver by either party of any default with respect to any provision, condition or requirement of this
Agreement shall be deemed to be a continuing waiver in the future or a waiver of any other provisions, condition or requirement
hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair the exercise of any
such right accruing to it thereafter.

 

Section
4.06Headings. The article, section and subsection headings in this Agreement are for convenience only and shall not
constitute a part of this Agreement for any other purpose and shall not be deemed to limit or affect any of the provisions hereof.

 

    	PAGE 7 OF 17

    	 	 	 

    

 

Section
4.07Successors and Assigns; Restrictions on Transfer. This Agreement shall be binding upon and inure to the benefit
of the parties and their successors and assigns. The Company may not assign this Agreement or any rights or obligations hereunder
without the prior written consent of the Purchasers.

 

Section
4.08No 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.

 

Section
4.09Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State
of New York, without giving effect to any of the conflicts of law principles which would result in the application of the substantive
law of another jurisdiction. This Agreement shall not be interpreted or construed with any presumption against the party causing
this Agreement to be drafted. Each party hereby irrevocably waives, to the fullest extent permitted by applicable law, any and
all rights to a trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated
hereby.

 

Section
4.10Survival. The representations and warranties of the Company and the Purchasers shall survive the execution and
delivery hereof and the Closing hereunder for the applicable statute of limitations period.

 

Section
4.11Counterparts. 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 and shall become effective
when counterparts have been signed by each party and delivered to the other parties hereto, it being understood that all parties
need not sign the same counterpart. In the event that any signature is delivered by facsimile transmission, such signature shall
create a valid binding obligation of the party executing (or on whose behalf such signature is executed) the same with the same
force and effect as if such facsimile signature were the original thereof.

 

Section
4.12Severability. The provisions of this Agreement and the other Transaction Documents are severable and, in the event
that any court of competent jurisdiction shall determine that any one or more of the provisions or part of the provisions contained
in this Agreement or the other Transaction Documents shall, for any reason, be held to be invalid, illegal or unenforceable in
any respect, such invalidity, illegality or unenforceability shall not affect any other provision or part of a provision of this
Agreement or the other Transaction Documents and such provision shall be reformed and construed as if such invalid or illegal
or unenforceable provision, or part of such provision, had never been contained herein, so that such provisions would be valid,
legal and enforceable to the maximum extent possible.

 

Section
4.13Further Assurances. From and after the date of this Agreement, upon the request of any Purchaser or the Company,
each of the Company and the Purchasers shall execute and deliver such instrument, documents and other writings as may be reasonably
necessary or desirable to confirm and carry out and to effectuate fully the intent and purposes of this Agreement, the Shares,
the Warrants and the Warrant Shares.

 

Section
4.14Like Treatment of Purchasers. No consideration shall be offered or paid to any Purchaser to amend or consent to
a waiver or modification of any provision of any of the Transaction Documents unless the same consideration is also offered to
all of the Purchasers then holding Shares. Further, the Company shall not make any payments or issue any securities to the Purchasers
in amounts which are disproportionate to the respective numbers of outstanding Shares held by any Purchasers at any applicable
time. For clarification purposes, this provision constitutes a separate right granted to each Purchaser by the Company and negotiated
separately by each Purchaser, and is intended for the Company to treat the Purchasers as a class and shall not in any way be construed
as the Purchasers acting in concert or as a group with respect to the purchase, disposition or voting of the Shares, the Warrants
or otherwise.

 

[SIGNATURE
PAGES FOLLOWS]

 

    	PAGE 8 OF 17

    	 	 	 

    

 

Company
Signature Page

 

IN
WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by an authorized signatory as of the date first above
written.

 

	 	chatAND,
Inc.

 

	 	By:	/s/ Michael Lebor
	 	Name:	Michael
    Lebor
	 	Title:	Chief
    Executive Officer

 

    	PAGE 9 OF 17

    	 	 	 

    

 

Purchaser
Signature Page

 

By
its execution and delivery of this signature page, the undersigned Purchaser hereby joins in and agrees to be bound by the terms
and conditions of the Securities Purchase Agreement dated as of October 9, 2014 (the “Purchase Agreement”)
by and among chatAND, Inc. and the Purchasers (as defined therein), as to the number of shares of Common Stock set forth below
and as to a Warrant to purchase the number of Warrant Shares (as defined therein) set forth below, and authorizes this signature
page to be attached to the Purchase Agreement or counterparts thereof.

 

	 	Name
of Purchaser: Jonathan Steinhouse
	 	 	 
	 	By:	/s/ Jonathan Steinhouse
	 	Name:	 Jonathan
    Steinhouse

 

	 	Address:	1315
    S. Alder Street
	 	 	Philadelphia,
    PA 19147

 

	 	Telephone No.: 215-694-6553
	 	 
	 	Facsimile No.: _____________________________
	 	 
	 	Email Address:
	 	 
	 	Number of Shares: 100,000
	 	 
	 	Number of Warrant Shares: 100,000
	 	 
	 	Aggregate Purchase Price: 0.20
	 	 
	 	Tax ID No. ###-##-####

 

Delivery
Instructions (if different than above):

 

	c/o: ____________________________________________	 
	 	 
	Address: ________________________________________	 
	 	 
	Telephone No.:____________________________________	 
	 	 
	Facsimile No. : ____________________________________	 
	 	 
	Other Special Instructions: ___________________________	 

 

    	PAGE 10 OF 17

    	 	 	 

    

 

EXHIBIT
A to the

SECURITIES PURCHASE AGREEMENT FOR

chatAND, INC.

 

FORM
OF WARRANT

 

No.
011

 

NEITHER
THIS WARRANT NOR ANY OF THE SECURITIES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAW. NO TRANSFER OF THIS WARRANT OR OF THE SECURITIES ISSUABLE
UPON EXERCISE HEREOF SHALL BE VALID OR EFFECTIVE UNLESS SUCH TRANSFER IS MADE (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE STATE SECURITIES LAW, OR (B) PURSUANT TO AN EXEMPTION FROM THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ANY APPLICABLE STATE OR LOCAL SECURITIES LAW (INCLUDING WITHOUT LIMITATION
THE DELIVERY OF A LEGAL OPINION FROM COUNSEL TO THE TRANSFEROR, REASONABLY SATISFACTORY, IF REQUESTED BY THE COMPANY). THIS WARRANT
IS SUBJECT TO A RIGHT OF FIRST REFUSAL AND CERTAIN ADDITIONAL TRANSFER RESTRICTIONS AS SET FORTH HEREIN.

 

WARRANT
TO PURCHASE SHARES OF COMMON STOCK

OF CHATAND, INC.

(Void October 8, 2019)

 

This certifies
that Jonathan Steinhouse, an Individual with offices located 1315 S. Alder Street, Philadelphia, PA 19147 or its permitted assigns
(“Holder”), for value received, is entitled to purchase from chatAND, Inc., a Nevada corporation, with offices
located at 244 5th Avenue, Suite C68, New York, New York 10001 (the “Company”), a maximum of 2,000,000 fully
paid and nonassessable shares of the Company’s Common Stock, par value $0.00001 (the “Common Stock”)
for cash at a price of $0.10 per share (the “Exercise Price”) at any time or from time to time up to
and including 5:00 p.m. (Eastern Standard Time) on the Expiration Date (as defined below) (the “Warrant”) upon
surrender to the Company at its principal office (or at such other location as the Company may advise the Holder in writing) of
this Warrant properly endorsed with the Form of Subscription attached hereto as Exhibit B duly filled in and signed and
upon payment of the aggregate Exercise Price for the number of shares for which this Warrant is being exercised determined in
accordance with the provisions of Section 1 hereof. In the event the Company raises equity or debt financing or a combination
thereof during the term of this Warrant at a price per share of Common Stock less than $0.10 (as adjusted pursuant to Section
7), the Exercise Price shall be reduced to the price at which such equity is sold.

 

By accepting
this Warrant, Holder represents that Holder is, and will be at the time of any exercise under this Warrant, an “accredited
investor,” as such term is defined in Rule 501 of Regulation D promulgated under the Securities Act, is experienced in investments
and business matters, has made investments of a speculative nature and, with its representatives, has such knowledge and experience
in financial, tax and other business matters as to enable such Holder to utilize the information available with respect to the
Company to evaluate the merits and risks of and to make an informed investment decision with respect to the proposed purchase,
which represents a speculative investment. Holder has the authority and is duly and legally qualified to purchase and own shares
of the Company. Holder is able to bear the risk of such investment for an indefinite period and to afford a complete loss thereof.

 

As used
herein, “Expiration Date” shall mean the earlier of (i) five (5) years from the date of this Warrant, (ii) any merger
or consolidation of the Company in which the Company is not the surviving entity and in which the Company’s stockholders
of record as constituted immediately prior to such merger or consolidation will, immediately after such merger or consolidation,
hold less than 50% of the voting power of the surviving or acquiring entity or (iii) the sale of all or substantially all of Company’s
assets.

 

    	PAGE 11 OF 17

    	 	 	 

    

 

The Warrant
is subject to the following terms and conditions:

 

1. Exercise;
Issuance of Certificates; Payment for Shares. (a)This Warrant is exercisable at the option of the Holder at any
time, or from time to time, up to the Expiration Date for all or any part of the shares of Common Stock (but not for a
fraction of a share) which may be purchased hereunder. The Company agrees that the shares of Common Stock purchased under
this Warrant shall be and are deemed to be issued to the Holder hereof as the record owner of such shares as of the close of
business on the date on which this Warrant shall have been surrendered, properly endorsed, together with the completed,
executed Form of Subscription and payment made for such shares. Certificates for the shares of Common Stock so purchased,
together with any other securities or property to which the Holder hereof is entitled upon such exercise, shall be delivered
to the Holder hereof by the Company at the Company’s expense within a reasonable time after the rights represented by
this Warrant have been so exercised. In case of a purchase of less than all the shares which may be purchased under this
Warrant, the Company shall cancel this Warrant and execute and deliver a new Warrant or Warrants of like tenor, for the
balance of the shares purchasable under the Warrant surrendered upon such purchase to the Holder hereof within a reasonable
time. Each stock certificate so delivered shall be in such denominations of Common Stock as may be requested by the Holder
hereof and shall be registered in the name of such Holder.

 

(b)
Notwithstanding any provisions herein to the contrary, the Holder may exercise this Warrant by a cashless exercise and shall receive
the number of shares of Common Stock equal to an amount (as determined below) by surrender of this Warrant at the principal office
of the Company together with the properly endorsed Notice of Exercise in which event the Company shall issue to the Holder a number
of shares of Common Stock computed using the following formula:

 

X
= Y - (A)(Y)

B

 

	Where	X
    =	the
    number of shares of Common Stock to be issued to the Holder.

 

	 	Y
    =	the
    number of shares of Common Stock purchasable upon exercise of all of the Warrant or, if only a portion of the Warrant is being
    exercised, the portion of the Warrant being exercised.
	 	 	 
	 	A
    =	the
    Exercise Price.
	 	 	 
	 	B
    =	the
    per share market value of one share of Common Stock.

 

2. Shares
To Be Fully Paid; Reservation of Shares. The Company covenants and agrees that all shares of Common Stock
which may be issued upon the exercise of the rights represented by this Warrant will, upon issuance, be duly authorized,
validly issued, fully paid and nonassessable. The Company further covenants and agrees that, during the period within which
the rights represented by this Warrant may be exercised, the Company will at all times have authorized and reserved, for the
purpose of issue or transfer upon exercise of the subscription rights evidenced by this Warrant, a sufficient number of
shares of authorized but unissued Common Stock, or other securities and property, when and as required to provide for the
exercise of the rights represented by this Warrant. The Company will take all such action as may be necessary to assure that
such shares of Common Stock may be issued as provided herein without violation of any applicable law or regulation, or of any
requirements of any domestic securities exchange upon which the Common Stock may be listed; provided, however, that the
Company shall not be required to effect a registration under Federal, any state or applicable foreign securities laws with
respect to such exercise.

 

3. Restrictive
Legends3.1. Each certificate for Common
Stock initially issued upon the exercise of this Warrant, and each certificate for Common Stock issued to any subsequent
transferee of any such certificate, shall be stamped or otherwise imprinted with a legend in substantially the following
form:

 

    	PAGE 12 OF 17

    	 	 	 

    

 

“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR ANY STATE SECURITIES LAW. NO TRANSFER OF THE SHARES REPRESENTED BY THIS CERTIFICATE SHALL BE VALID OR EFFECTIVE
UNLESS SUCH TRANSFER IS MADE (A) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND IN COMPLIANCE WITH
ANY APPLICABLE STATE SECURITIES LAWS, OR (B) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND ANY APPLICABLE STATE OR LOCAL SECURITIES LAW (INCLUDING WITHOUT LIMITATION THE DELIVERY OF A LEGAL OPINION FROM COUNSEL TO
THE TRANSFEROR, REASONABLY SATISFACTORY, IF REQUESTED BY THE COMPANY).”

 

4. Closing
of Books. The Company will at no time close its transfer books against the transfer of any warrant or of any
shares of Common Stock issued or issuable upon the exercise of any warrant in any manner which interferes with the timely
exercise of this Warrant.

 

5. No
Voting or Dividend Rights; Limitation of Liability. Nothing contained in this Warrant shall be construed as
conferring upon the Holder hereof the right to vote or to consent or to receive notice as a stockholder of the Company or any
other matters or any rights whatsoever as a stockholder of the Company. No dividends or interest shall be payable or accrued
in respect of this Warrant or the interest represented hereby or the shares purchasable hereunder until, and only to the
extent that, this Warrant shall have been exercised. No provisions hereof, in the absence of affirmative action by the Holder
to purchase shares of Common Stock, and no mere enumeration herein of the rights or privileges of the Holder hereof shall
give rise to any liability of such Holder for the Exercise Price or as a stockholder of the Company, whether such liability
is asserted by the Company or by its creditors.

 

6.
Transfer of Warrants. Except for transfers of this Warrant (or of Common Stock received upon exercise of this Warrant)
for estate planning purposes of the Holder (provided that any such transferee or assignee, prior to the completion of the sale,
transfer or assignment shall have executed documents assuming the obligations of the Holder under this Warrant with respect to
the transferred securities), the Holder may not transfer this Warrant nor any shares of Common Stock received upon exercise of
this Warrant without the written consent of the Company.

 

7.Certain
Adjustments.

 

(a)Adjustment
of Exercise Price upon Issuance of Common Stock. Except with respect to Excluded Securities, if and whenever during the term
of this Warrant the Company issues or sells Common Stock, options for common stock, or convertible securities for a consideration
per share (the “New Exercise Price”) less than a price equal to the Exercise Price in effect immediately prior
to such issue, conversion, or sale or deemed issuance or sale (such Exercise Price then in effect is referred to herein as the
“Applicable Price”) (the foregoing a “Dilutive Issuance”), then, immediately after such
Dilutive Issuance, the Exercise Price then in effect shall be reduced to an amount equal to the New Exercise Price. For the avoidance
of doubt, if the New Exercise Price is greater than the Applicable Price, there shall be no adjustment to the Exercise Price.
For the purposes of this Section 7(a), “Excluded Securities” means any shares of Common Stock, options, restricted
stock units or convertible securities issued or issuable (i) in connection with any approved stock plan and (ii) in connection
with mergers, acquisitions, strategic licensing arrangements, strategic business partnerships or joint ventures, in each case
with non-affiliated third parties and otherwise on an arm’s-length basis, the purpose of which is not to raise additional
capital. Notwithstanding the foregoing, any Common Stock issued or issuable to raise capital for the Company or its subsidiaries,
directly or indirectly, in connection with any transaction contemplated by clause (ii) above, including, without limitation, securities
issued in one or more related transactions or that result in similar economic consequences, shall not be deemed to be Excluded
Securities.

 

(b)Stock
Dividends and Stock Splits. If the Company, at any time while this Warrant is outstanding: (A) pays a stock dividend or otherwise
makes a distribution or distributions payable in shares of Common Stock on shares of Common Stock; (B) subdivides outstanding
shares of Common Stock into a larger number of shares; (C) combines (including by way of a reverse stock split) outstanding shares
of Common Stock into a smaller number of shares; or (D) issues, in the event of a reclassification of shares of the Common Stock,
any shares of capital stock of the Company, then the Conversion price shall be multiplied by a fraction of which the numerator
shall be the number of shares of Common Stock (excluding any treasury shares of the Company) outstanding immediately before such
event and of which the denominator shall be the number of shares of Common Stock outstanding immediately after such event. 

 

    	PAGE 13 OF 17

    	 	 	 

    

 

(c)Fundamental
Transaction. If, at any time while this Warrant is outstanding, (A) the Company effects any merger or consolidation of the
Company with or into another entity of any kind, (B) the Company effects any sale of all or substantially all of its assets in
one transaction or a series of related transactions, (C) any tender offer or exchange offer (whether by the Company or another
entity, person, or group of either) is completed pursuant to which holders of Common Stock are permitted to tender or exchange
their shares for other securities, cash or property, or (D) the Company effects any reclassification of the Common Stock or any
compulsory share exchange pursuant to which the Common Stock is effectively converted into or exchanged for other securities,
cash or property (in any such case, a “Fundamental Transaction”), then, upon any subsequent exercise of this
Warrant, Holder shall have the right to receive, for each share of Common Stock that would have been issuable upon such conversion
immediately prior to the occurrence of such Fundamental Transaction, the same kind and amount of securities, cash or property
as it would have been entitled to receive upon the occurrence of such Fundamental Transaction if it had been, immediately prior
to such Fundamental Transaction, Holder of one (1) share of Common Stock (the “Alternate Consideration”). For
purposes of any such conversion, the determination of the Conversion price shall be appropriately adjusted to apply to such Alternate
Consideration based on the amount of Alternate Consideration issuable in respect of one (1) share of Common Stock in such Fundamental
Transaction, and the Company shall apportion the Conversion price among the Alternate Consideration in a reasonable manner reflecting
the relative value of any different components of the Alternate Consideration. The Company shall use commercially reasonable efforts
to ensure the holding period under Rule 144(d) of the Securities Act is maintained on behalf of Holder under this Warrant in the
event of a Fundamental Transaction.

 

8. Modification
and Waiver. This Warrant and any provision hereof may be changed, waived, discharged or terminated only by an
instrument in writing signed by the Company and the Holder.

 

9. Notices.
Any notice, request or other document required or permitted to be given or delivered to the Holder hereof or the Company
shall be delivered or shall be sent by certified mail, postage prepaid, to each such Holder at its address as shown on the
books of the Company or to the Company at the address indicated therefor in the first paragraph of this Warrant or such other
address as either may from time to time provide to the other. 

 

10. Binding
Effect on Successors. This Warrant shall be binding upon any entity succeeding the Company by merger,
consolidation or acquisition of all or substantially all of the Company’s assets. All of the obligations of the Company
relating to the Common Stock issuable upon the exercise of this Warrant shall survive the exercise and termination of this
Warrant. All of the covenants and agreements of the Company shall inure to the benefit of the successors and assigns of the
Holder hereof.

 

11. Descriptive
Headings and Governing Law. The description headings of the several sections and paragraphs of this Warrant are
inserted for convenience only and do not constitute a part of this Warrant. This Warrant shall for all purposes be construed
and interpreted in accordance with the laws of the State of New York, without regard to any conflict of law rule or principle
that would give effect to the laws of another jurisdiction. All parties hereto (i) agree that any legal suit, action or
proceeding arising out of or relating to this Agreement shall be instituted only in a federal or state court located in the
State of New York; (ii) waive any objection which they may now or hereafter have to the laying of the venue of any such suit,
action or proceeding, including, without limitation, any objection based on the assertion that such venue is an inconvenient
forum; and (iii) irrevocably submit to the jurisdiction of such federal or state courts in the State of New York in any such
suit, action or proceeding. All parties hereto agree that the mailing of any processing any suit, action or proceeding in
accordance with the notice provisions of this Agreement shall constitute personal service thereof.

 

12. Lost
Warrants. The Company represents and warrants to the Holder hereof that upon receipt of evidence reasonably satisfactory
to the Company of the loss, theft, destruction, or mutilation of this Warrant and, in the case of any such loss, theft or
destruction, upon receipt of an indemnity reasonably satisfactory to the Company, or in the case of any such mutilation upon
surrender and cancellation of such Warrant, the Company will make and deliver a new Warrant, of like tenor in lieu of the
lost, stolen, destroyed or mutilated Warrant.

 

13. Fractional
Shares. No fractional shares shall be issued upon exercise of this Warrant. The number of shares that shall be issued
upon exercise of this Warrant shall be rounded to the nearest whole share.

 

14. Indemnification.
Holder hereby agrees to indemnify and hold harmless the Company and its incorporators, officers, directors, employees and
agents, and any of its professional advisors, and any corporation or entity affiliated with the Company, and their officers,
directors, employees and agents, and any of their professional advisors, from and against any and all loss, damage, liability
or expense (including reasonable attorneys’ fees) due to or arising out of a breach of any of the representations or
warranties contained in this Warrant. This obligation shall survive the termination, expiration or exercise of this
Warrant.

 

[SIGNATURE
PAGE FOLLOWS]

 

    	PAGE 14 OF 17

    	 	 	 

    

 

In
Witness Whereof, chatAND, Inc. has caused this Warrant to be
duly executed by its officers, thereunto duly authorized this 9th day of October 2014.

 

	 	ChatAND, Inc.
	 	a
    Nevada corporation

 

	 	By:	/s/ Michael Lebor
	 	Name:	Michael
    Lebor
	 	Title:	Chief
    Executive Officer

 

    	PAGE 15 OF 17

    	 	 	 

    

 

EXHIBIT
B

 

SUBSCRIPTION
FORM

 

Date:
____________

 

chatAND,
Inc.

244 5th Avenue, Suite C68

New York,
NY 10001

Attn: Chief
Executive Officer

 

Ladies and
Gentlemen:

 

	●	The
    undersigned hereby elects to exercise the warrant issued to it by chatAND, Inc. (the “Company”) and dated
    ________ _____, ____Warrant No. ____ (the “Warrant”) and to purchase thereunder _____________ shares
    of the Common Stock of the Company (the “Shares”) at a purchase price of [ ] (____) per Share or
    an aggregate purchase price of ______________ Dollars ($________) and/or [Cashless Exercise Calculation] the (“Purchase
    Price”).
	 	 
	●	The
    undersigned represents that (i) the aforesaid common stock is being acquired for the account of the undersigned for investment
    and not with a view to, or for resale in connection with, the distribution thereof and that the undersigned has no present
    intention of distributing or reselling such interest; (ii) the undersigned is aware of the Company’s business affairs
    and financial condition and has acquired sufficient information about the Company to reach an informed and knowledgeable decision
    regarding its investment in the Company; (iii) the undersigned is experienced in making investments of this type and has such
    knowledge and background in financial and business matters that the undersigned is capable of evaluating the merits and risks
    of this investment and protecting the undersigned’s own interests; (iv) the undersigned understands that the common
    stock issuable upon exercise of this Warrant has not been registered under the Securities Act of 1933, as amended (the “Securities
    Act”), by reason of a specific exemption from the registration provisions of the Securities Act, which exemption
    depends upon, among other things, the bona fide nature of the investment intent as expressed herein, and, because such common
    stock has not been registered under the Securities Act, it must be held indefinitely unless subsequently registered under
    the Securities Act or an exemption from such registration is available; (v) the undersigned is aware that the aforesaid common
    stock may not be sold pursuant to Rule 144 adopted under the Securities Act (“Rule 144”) unless certain
    conditions are met and until the undersigned has held the shares for the number of years prescribed by Rule 144, that among
    the conditions for use of Rule 144 is the availability of current information to the public about the Company and the Company
    has not made such information available and has no present plans to do so; and (vi) the undersigned agrees not to make any
    disposition of all or any part of the aforesaid common stock unless and until there is then in effect a registration statement
    under the Securities Act covering such proposed disposition and such disposition is made in accordance with said registration
    statement, or the undersigned has provided the Company with an opinion of counsel satisfactory to the Company, stating that
    such registration is not required.

 

Pursuant
to the terms of the Warrant the undersigned has delivered the Purchase Price herewith in full in cash or by certified check or
wire transfer.

 

	 	Very truly yours.

 

	 	 	 
	 	 	 
	 	By:	 
	 	 	 
	 	Title:	 

 

    	PAGE
                                         16
                                         OF 17

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