Document:

Seventh Supplemental Indenture dated as of January 17, 2017

 Exhibit 4.1 
  

 
 SEVENTH SUPPLEMENTAL INDENTURE 

BETWEEN 
 WELLS FARGO &
COMPANY 
 AND 
 CITIBANK, N.A.,
AS TRUSTEE 
 Dated as of January 17, 2017 

SUPPLEMENTAL TO INDENTURE 
 DATED
AS OF JULY 21, 1999 
  
  

 THIS SEVENTH SUPPLEMENTAL INDENTURE dated as of January 17, 2017 between
WELLS FARGO & COMPANY, a Delaware corporation (the “Issuer”), and CITIBANK, N.A., as trustee (the “Trustee”). 

W I T N E S S E T H : 

WHEREAS, the Issuer and the Trustee are parties to that certain Indenture dated as of July 21, 1999 (the “Base
Indenture” and as amended and supplemented from time to time, the “Indenture”); 
 WHEREAS,
Section 901 of the Base Indenture provides that, without the consent of the Holders (as defined in the Base Indenture), the Issuer, when authorized by a Board Resolution (as defined in the Base Indenture), and the Trustee may enter into
indentures supplemental to the Indenture to change or eliminate any of the provisions of the Indenture, provided that any such change or elimination (i) shall become effective only when there is no Debt Security (as defined in the Base
Indenture) Outstanding (as defined in the Base Indenture) of any series created prior to the execution of such supplemental indenture which is entitled to the benefit of such provisions or (ii) shall not apply to any Debt Security Outstanding;
and 
 WHEREAS, the entry into this Seventh Supplemental Indenture by the parties hereto is in all respects authorized by
the provisions of the Indenture; and 
 WHEREAS, all things necessary to make this Seventh Supplemental Indenture a valid
agreement of the Issuer, in accordance with its terms, and a valid amendment of, and supplement to, the Indenture have been done; 

NOW, THEREFORE: 

In consideration of the premises herein set forth and the purchases of the Debt Securities by the Holders thereof, the Issuer
and the Trustee mutually covenant and agree for the equal and proportionate benefit of the respective Holders of Debt Securities of any series created on or after the date hereof as follows: 

ARTICLE 1 

Section 1.01. Section 101 of the Base Indenture is hereby amended, solely with respect to Debt Securities
Outstanding of any series created on or after the date hereof, by amending and restating the defined term “corporation” as follows: 

“The term “corporation” includes corporations, associations, companies (including limited liability companies)
and business trusts.” 
 Section 1.02. Section 101 of the Base Indenture is hereby amended, solely with
respect to Debt Securities Outstanding of any series created on or after the date hereof, by amending and restating the defined term “Voting Stock” as follows: 

 ““Voting Stock”, as applied to the stock (or the equivalent
thereof) of any corporation, means stock (or the equivalent thereof) of any class or classes, however designated, having ordinary voting power for the election of a majority of the directors, managers or trustees of such corporation, other than
stock (or such equivalent) having such power only by reason of the happening of a contingency.” 
 Section 1.03.
Section 301 of the Base Indenture is hereby amended, solely with respect to Debt Securities Outstanding of any series created on or after the date hereof, as follows: 
  

	 	(i)	 deleting the word “and” at the end of Clause (21) of the second paragraph of Section 301
of the Base Indenture; 

  

	 	(ii)	 adding the following Clause (22) to the second paragraph of Section 301 of the Base Indenture
immediately after Clause (21) of the second paragraph of Section 301 of the Base Indenture: 

“(22) whether the provisions of Article Seventeen shall apply to the Debt Securities of the series; and”; and 

 

	 	(iii)	 renumbering Clause (22) of the second paragraph of Section 301 of the Base Indenture to
Clause (23). 

 Section 1.04. Article Eight of the Base Indenture is hereby amended, solely
with respect to Debt Securities Outstanding of any series created on or after the date hereof, by amending and restating Article Eight in its entirety to read as follows: 

“ARTICLE EIGHT 

Section 801.            Company May Consolidate,
etc. Only on Certain Terms. 
 The Company shall not consolidate with or merge into any other corporation or convey,
transfer or lease its properties and assets substantially as an entirety to any Person other than any such conveyance, transfer or lease to one or more of its Subsidiaries, unless: 

(1) the corporation formed by such consolidation or into which the Company is merged or the Person which
acquires by conveyance or transfer, or which leases, the properties and assets of the Company substantially as an entirety shall be a corporation organized and existing under the laws of the United States of America, any political subdivision
thereof or any State thereof and shall expressly assume, by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and
interest (including all additional amounts, if any, payable pursuant to Section 1006) on all the Debt Securities and any related coupons and the performance of every covenant of this Indenture on the part of the Company to be performed or
observed; 

  
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 (2) immediately after giving effect to such transaction, no Event
of Default, and no event which, after notice or lapse of time, or both, would become an Event of Default, shall have happened and be continuing; and 

(3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel each
stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been met. 

Section 802.    Successor Corporation Substituted. 

Upon any consolidation with or merger into any other corporation, or any conveyance, transfer or lease of the properties and
assets of the Company substantially as an entirety to any Person pursuant to the requirements of Section 801(1), (2) and (3), the successor corporation formed by such consolidation or into which the Company is merged or to which such
conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor had been named as the Company herein, and
thereafter, except in the case of a lease, the Company (which term for this purpose shall mean the Person named as the “Company” in the first paragraph of this instrument or any successor corporation which shall theretofore have become
such in the manner presented in this Article) shall be relieved of all obligations and covenants under this Indenture and the Debt Securities and coupons.” 

Section 1.05. The Indenture is hereby amended, solely with respect to Debt Securities Outstanding of any series created
on or after the date hereof, by the insertion of a new Article Seventeen which shall provide as follows: 
 ARTICLE SEVENTEEN 

Amended Events of Default and Acceleration Provisions 

Section 1701.            Amended Events of Default
Provision. 
 If this Article Seventeen is specified, as contemplated by Section 301, to be applicable to any
series of Debt Securities, clauses (2), (6) and (7) of Section 501 shall, with respect to such series of Debt Securities and only with respect to such series of Debt Securities, be deleted and the following clauses (2),
(6) and (7) shall be substituted in lieu of such clauses (2), (6) and (7): 
 “(2)
default in the payment of the principal of (or premium, if any, on) any Debt Security of such series at its Maturity, and continuance of such default for a period of 30 days; or 

***** 

(6) the entry by a court having jurisdiction of (A) a decree or order for relief in respect of the
Company in an involuntary case or proceeding under any applicable Federal 

  
 3 

 
or State bankruptcy, insolvency or similar law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving a petition seeking receivership, insolvency or liquidation
of or in respect of the Company under any applicable Federal or State law, or appointing a receiver, liquidator, trustee or similar official of the Company, or ordering the winding up or liquidation of its affairs, and the continuance of any such
decree or order unstayed and in effect for a period of 60 consecutive days; or 
 (7) the commencement by
the Company of a voluntary case or proceeding under any applicable Federal or State bankruptcy, insolvency or similar law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, the appointment of a receiver for the Company
under any applicable Federal or State bankruptcy, insolvency or similar law following consent by the Board of Directors of the Company to such appointment, or the entry of a decree or order for relief in respect of the Company in an involuntary case
or proceeding under any applicable Federal or State bankruptcy, insolvency, receivership, liquidation or similar law following the Company’s consent to such decree or order; or” 

Section 1702.            Amended Acceleration
Provision. 
 If this Article Seventeen is specified, as contemplated by Section 301, to be applicable to any
series of Debt Securities, the first paragraph of Section 502 shall, with respect to such series of Debt Securities and only with respect to such series of Debt Securities, be deleted and the following paragraph shall be substituted in lieu of
such first paragraph: 
 “If an Event of Default specified in Clause (1), (2), (6) or
(7) of the definition of “Event of Default” set forth in Section 501 with respect to Debt Securities of any series at the time Outstanding occurs and is continuing, then and in every such case the Trustee or the Holders of not
less than 25% in principal amount of Outstanding Debt Securities of such series may declare the principal amount (or, if the Debt Securities of such series are Original Issue Discount Securities, such portion of the principal amount as may be
specified in the terms of such series) of and all accrued but unpaid interest on all the Debt Securities of such series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by such Holders), and upon
any such declaration such principal amount (or specified amount) shall become immediately due and payable. Upon payment of such amount, all obligations of the Company in respect of the payment of principal of the Debt Securities of such series shall
terminate. Any Event of Default specified in Clause (3), (4), (5) or (8) of the definition of “Event of Default” set forth in Section 501 will not be subject to this Section, without prejudice to any other rights and
remedies that may be exercised upon the occurrence of an Event of Default under this Indenture.” 
 ARTICLE 2 

Section 2.01. Further Assurances. The Issuer will, upon request by the Trustee, execute and deliver such further
instruments and do such further acts as may reasonably be necessary or proper to carry out more effectively the purposes of this Seventh Supplemental Indenture. 

  
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 Section 2.02. Other Terms of the Indenture. Except insofar as herein
otherwise expressly provided, all provisions, terms and conditions of the Indenture, including but not limited to any rights and protections of the Trustee therein, are in all respects ratified and confirmed and shall remain in full force and
effect. 
 Section 2.03. Effectiveness. Upon execution and delivery of this Seventh Supplemental Indenture by
the Company and the Trustee, this Seventh Supplemental Indenture shall become effective as of its date. 

Section 2.04. Effect of Headings. The Article and Section headings herein are for convenience only and shall not
affect the construction hereof. 
 Section 2.05. Successors and Assigns. All covenants and agreements in this
Seventh Supplemental Indenture by the Issuer shall bind its successors and assigns, whether expressed or not. 

Section 2.06. Separability. In case any provision of this Seventh Supplemental Indenture shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 2.07. Governing Law. The internal laws of the State of New York shall govern and be used to construe this
Seventh Supplemental Indenture. 
 Section 2.08. Counterparts. This Seventh Supplemental Indenture may be
executed in any number of counterparts, each of which shall be an original; but such counterparts shall together constitute but one and the same instrument. 

Section 2.09. Responsibility of the Trustee. The recitals contained herein shall be taken as the statements of
the Issuer, and the Trustee assumes no responsibility for the correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Seventh Supplemental Indenture. 

Section 2.10. FATCA. Solely for the avoidance of doubt, this Seventh Supplemental Indenture will not result in a
material modification of any Debt Security Outstanding for purposes of the Foreign Account Tax Compliance Act (FATCA). 
 *[Signature Pages
to Follow]* 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Seventh Supplemental
Indenture to be duly executed and attested, all as of the date first above written. 
  

									
		 		 	WELLS FARGO & COMPANY
				
	[CORPORATE SEAL]	 		 	By	 	/s/ Barbara S. Brett
		 		 		 	Name:	 	Barbara S. Brett
		 		 		 	Title:	 	Senior Vice President and Assistant Treasurer
				
		 		 	Attest	 	/s/ Jeannine E. Zahn
		 		 		 	Name:	 	Jeannine E. Zahn
		 		 		 	Title:	 	Assistant Secretary

 
					
	CITIBANK, N.A., as trustee
		
	By	 	/s/ Cirino Emanuele
		 	Name:	 	Cirino Emanuele
		 	Title:	 	Vice President
		
	Attest	 	/s/ John Hannon
		 	Name:	 	John Hannon
		 	Title:	 	Vice President

					
	 STATE OF MINNESOTA
	 	 )
	 	
		 	 )
	 	 SS.

	 COUNTY OF HENNEPIN
	 	 )
	 	

 On the 13th day of January, 2017, before
me personally came Barbara S. Brett, to me known, who, being duly sworn, did depose and say that she is the Senior Vice President and Assistant Treasurer of Wells Fargo & Company, a corporation described in and which executed the above
instrument; that she knows the seal of said corporation; that it was so affixed pursuant to the authority of the Board of Directors of said corporation; and that she signed her name thereto pursuant to like authority. 

 

	
	/s/ Noreen Santos
	Notary Public

					
	 STATE OF NEW YORK
	 	 )
	 	
		 	 )
	 	 SS.

	 COUNTY OF NEW YORK
	 	 )
	 	

 On the 13th day of January, 2017, before
me personally came Cirino Emanuele, to me known, who, being duly sworn, did depose and say that he is a Vice President of Citibank, N.A., a national banking association described in and which executed the above instrument; and that he signed his
name thereto pursuant to like authority. 
  

	
	/s/ Lori L. Boeckel-Kreidt
	Notary PublicExhibit 10.1

 

SUBSCRIPTION
AGREEMENT

 

THIS
SUBSCRIPTION AGREEMENT (this “Agreement”) is dated as of ____________, 2016, by and between Jerrick Media
Holdings, Inc., a Nevada corporation (the “Company”), and the subscriber identified on the signature page hereto
(the “Subscriber”).

 

WHEREAS,
the Company and the Subscriber are executing and delivering this Agreement in reliance upon an exemption from securities registration
afforded by the provisions of Section 4(2)and/or Regulation D (“Regulation D”), as promulgated by the U.S.
Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “1933
Act”); and

 

WHEREAS,
the Company is offering (the “Offering”), on a “best efforts” basis, through Network 1 Financial
Securities, Inc., as placement agent (the “Placement Agent”), a minimum of one hundred thousand dollars ($100,000)
(the “Minimum Amount”) and a maximum of four hundred thousand dollars ($400,000) (the “Maximum Amount”)
of units (the “Units”) consisting of the Company’s 10% Unsecured Convertible Notes (“Convertible
Notes”) convertible into shares (the “Conversion Shares”) of the Company’s common stock, $0.001
par value per share (the “Common Stock”), in the form annexed as Exhibit A and five-year common stock
purchase warrants (the “Warrants”) in the form annexed as Exhibit B, to purchase shares of Common Stock
(the “Warrant Shares”). The Convertible Notes, the Conversion Shares the Warrants and the Warrant Shares are
sometimes collectively referred to herein as the “Securities”; and

 

WHEREAS,
the Company and the Placement Agent may mutually agree to increase the size of the Offering by $100,000 in order to cover over-allotments
of the Units; and

 

WHEREAS,
the minimum subscription amount is $100,000; however, the Company may, in its sole discretion, accept subscriptions from Subscribers
for lesser amounts; and

 

WHEREAS,
the Offering commenced on November 1, 2016 and will continue until November 30, 2016, subject to prior sale of all of the Units
or withdrawal of the Offering; however the Company and the Placement Agent may, with or without notice to the Subscribers, extend
the offering period by an additional period not to exceed thirty (30) days (the “Offering Period”); and

 

WHEREAS,
the subscription proceeds of the sale of the Convertible Notes and the Warrants contemplated hereby (“Purchase Price”)
shall be held in escrow by Cross River Bank (the “Escrow Agent”) pursuant to the terms of an Escrow Agreement
(the “Escrow Agreement”); and

 

WHEREAS,
Subscribers are not parties to the Escrow Agreement, and the escrow agent is appointed for administrative convenience only
and not to protect the interests of Subscribers; and

 

     

     

    

 

WHEREAS,
the Escrow Agreement provides that a condition of the release of Subscribers’ funds from escrow is that the Minimum
Amount has been subscribed for; and

 

WHEREAS,
the Units will only be sold to “accredited investors” as such term is defined in Rule 501 of Regulation D of the 1933
Act; and

 

WHEREAS,
an initial closing of the Offering will take place upon receipt and acceptance by the Company of subscriptions for at least
the Minimum Amount; and thereafter, additional closings of the Offering will take place during the Offering Period at the direction
of the Company and the Placement Agent; and

 

WHEREAS,
counterpart signature pages to this Agreement will evidence the several purchases and sales to Subscribers in the Offering; and

 

WHEREAS,
each of the Subscribers desires to purchase and the Company desires to sell to each such Subscriber, that number of Units set
forth on the applicable signature page hereof on the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the mutual covenants and other agreements contained in this Agreement, the Company and the
Subscribers hereby agree as follows:

 

1.     Closings; Purchase and Sale of Shares and Warrants.

 

(a)       Closings.
Subject to the satisfaction or waiver of the terms and conditions of this Agreement and the Investment Term Sheet accompanying
this Agreement, an initial closing of the Offering will take place upon receipt and acceptance by the Company of subscriptions
for at least the Minimum Amount; and thereafter, additional closings of the Offering will take place during the Offering Period
at the direction of the Company and the Placement Agent. Each date on which the Escrow Agent disburses funds received from one
or more Subscribers to the Units in accordance with the provisions of the Escrow Agreement shall be a “Closing Date”
with respect to such released funds and the corresponding purchase and sale of Units. Such purchases, sales and disbursements
are individually referred to herein as a “Closing” and collectively as the “Closings;” the
Closing at which at least the Minimum Amount is disbursed from escrow shall be referred to herein as the “Initial Closing;”
and the date on which any Closing takes place shall be referred to herein as a “Closing Date.” At a Closing,
each Subscriber whose subscription funds are to be disbursed from escrow shall purchase, and the Company shall sell to each such
Subscriber, the Units subscribed to hereunder and accepted by the Company.

 

(b)       Time
Effective Clauses. All time effective clauses not specifically related to an actual Closing Date shall be deemed to have commenced
as of the Initial Closing Date.

 

2.     Convertible Note and Warrant.

 

(a)       Convertible
Notes. On the Closing Date, each Subscriber shall purchase and the Company shall sell to each such Subscriber, Units including
a Convertible Note in the amount designated on such Subscriber’s signature page hereto for such Subscriber’s Purchase
Price indicated thereon.

 

    2

     

    

 

(b)       Warrants.
On the Closing Date, the Company shall issue and deliver to each Subscriber, one (1) Warrant to purchase up to the number
of Warrant Shares that is equal to 100% of the dollar amount designated on such Subscriber’s signature page (by way of example
a $100,000 subscription will result in the issuance of a Warrant to purchase 100,000 Warrant Shares of Common Stock. The exercise
price to acquire a Warrant Share upon exercise of a Warrant shall be $0.30, subject to adjustment as described in the Warrants.
The Warrants shall be exercisable in whole or in part and from time to time during the five (5) year period after the Closing
Date. The Warrants may be exercised on a “cashless” basis to the extent set forth in the Warrant.

 

3.     Payment
and Allocation of Purchase Price. In consideration of the issuance of the Convertible Notes and Warrants on the Closing Date,
each Subscriber shall pay such Subscriber’s Purchase Price, as set forth on the corresponding signature pages hereto. The
Purchase Price shall be payable to “Cross River Bank, as Escrow Agent.” The number of Warrant Shares eligible for
purchase by each such Subscriber is set forth on the corresponding signature pages hereto. The Purchase Price will be allocated
among the components of the Convertible Notes and Warrants so that each component of same will be fully paid and non-assessable.

 

4.     Subscriber
Representations and Warranties. Each of the Subscribers, severally but not jointly, hereby represents and warrants to, and
agrees with the Company that, with respect only to such Subscriber:

 

(a)       Organization
and Standing of Subscriber. If Subscriber is an entity, Subscriber is duly formed, validly existing and in good standing under
the laws of the jurisdiction of its formation. If the Subscriber is a natural person, Subscriber has the legal capacity and power
to enter into this Agreement.

 

(b)       Authorization
and Power. Subscriber has the requisite power and authority to enter into and perform this Agreement and to purchase the Units
being sold to such Subscriber hereunder. The execution, delivery and performance of this Agreement by such Subscriber, and the
consummation by such Subscriber of the transactions contemplated hereby, have been duly authorized by all necessary action, and
no further consent or authorization of Subscriber or its board of directors, manager(s), trustee, stockholders, partners, members
or beneficiaries, as applicable, is required. This Agreement has been duly authorized, executed and delivered by such Subscriber
and constitutes, or shall constitute, when executed and delivered, a valid and binding obligation of such Subscriber, enforceable
against Subscriber in accordance with the terms thereof.

 

    3

     

    

 

(c)       No
Conflicts. The execution, delivery and performance of this Agreement and the consummation by such Subscriber of the transactions
contemplated hereby or relating hereto do not and will not (i) result in a violation of such Subscriber’s charter documents,
bylaws or other organizational documents, if applicable; (ii) conflict with nor constitute a default (or an event which with notice
or lapse of time or both would become a default) under any agreement to which such Subscriber is a party; or (iii) result in a
violation of any law, rule or regulation, or any order, judgment or decree of any court or governmental agency applicable to such
Subscriber or its properties (except for such conflicts, defaults and violations as would not, individually or in the aggregate,
have a Material Adverse Effect on Subscriber). Such Subscriber is not required to obtain any consent, authorization or order of,
or make any filing or registration with, any court or governmental agency in order for such Subscriber to execute, deliver or
perform any of such Subscriber’s obligations under this Agreement, nor to purchase the Securities in accordance with the
terms hereof, provided that for purposes of the representation made in this sentence, such Subscriber is assuming and relying
upon the accuracy of the relevant representations and agreements of the Company herein.

 

(d)       Receipt
of Information. Subscriber believes it has received all the information it considers necessary or appropriate for deciding
whether to invest the Securities and to accept the Securities. Subscriber further represents that through its representatives
it has had an opportunity to ask questions and receive answers from the Company regarding the terms and conditions of the offering
of the Securities and the business, properties and financial condition of the Company and to obtain additional information (to
the extent the Company possessed such information or could acquire it without unreasonable effort or expense) necessary to verify
the accuracy of any information furnished to it or to which it had access.

 

(e)       Information
on Subscriber. Subscriber is, and will be at the time of the conversion of the Convertible Notes and exercise of the Warrants,
an “accredited investor,” as such term is defined in Regulation D promulgated by the Commission under the 1933
Act, is experienced in investments and business matters, has made investments of a speculative nature and has purchased securities
of United States publicly-owned companies in private placements in the past and, with its representatives, has such knowledge
and experience in financial, tax and other business matters as to enable such Subscriber to utilize the information made available
by the Company to evaluate the merits and risks of, and to make an informed investment decision with respect to, the proposed
purchase, which such Subscriber hereby agrees represents a speculative investment. Such Subscriber has the authority and is duly
and legally qualified to purchase and own the Securities. Such Subscriber is able to bear the risk of such investment for an indefinite
period and to afford a complete loss thereof. The information set forth on the signature page hereto regarding such Subscriber
is accurate.

 

(f)       Purchase
of Convertible Notes and Warrants. On the Closing Date, Subscriber will purchase the Convertible Notes and Warrants, as principal
for its own account, for investment only and not with a view toward, or for resale in connection with, the public sale or any
distribution thereof.

 

(g)       Compliance
with Securities Act. Subscriber understands and agrees that the Securities have not been registered under the 1933 Act or
any applicable state securities laws by reason of their issuance in a transaction that does not require registration under the
1933 Act (based in part on the accuracy of the representations and warranties of Subscriber contained herein), and that such Securities
must be held indefinitely unless a subsequent disposition is registered under the 1933 Act or any applicable state securities
laws or is exempt from such registration.

 

    4

     

    

 

(h)       Conversion
Shares and Warrant Shares Legend. The Conversion Shares and Warrant Shares shall bear the following or substantially similar
legend:

 

“THE
ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED, NOR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I)
IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR
(B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER AND REASONABLY APPROVED BY THE COMPANY), IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER
SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

 

(i)       Convertible
Notes and Warrants Legend. The Convertible Notes and Warrants shall bear the following or substantially similar legend:

 

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

 

(j)       Communication
of Offer. At no time was Subscriber presented with or solicited by any leaflet, newspaper or magazine article, radio or television
advertisement, or any other form of general advertising or solicited or invited to attend a promotional meeting otherwise than
in connection and concurrently with such communicated offer.

 

    5

     

    

 

(k)       
Restricted Securities. Subscriber understands that the Securities have not been registered under the 1933 Act and such
Subscriber shall not sell, offer to sell, assign, pledge, hypothecate or otherwise transfer any of the Securities unless pursuant
to an effective registration statement under the 1933 Act, or unless an exemption from registration is available. Notwithstanding
anything to the contrary contained in this Agreement, such Subscriber may transfer (without restriction and without the need for
an opinion of counsel as permitted under applicable law) the Securities: (i) to such Subscriber’s Affiliates (as defined
below), provided that each such Affiliate is an “accredited investor,” as such term is defined under Regulation
D, and such Affiliate agrees in writing to be bound by the terms and conditions of this Agreement; (ii) to such Subscriber’s
Immediate Family (as defined below), provided the Immediate Family member agrees in writing to be bound by the terms and
conditions of this Agreement; (iii) to an inter vivos or testamentary trust (or other entity) in which the Securities are to be
passed to Subscriber’s designated beneficiaries; or (iv) by will or by the laws of descent or distribution. For the purposes
of this Agreement, an “Affiliate” of any person or entity means any other person or entity directly or indirectly
controlling, controlled by or under direct or indirect common control with such person or entity. Without limiting the foregoing,
each Subsidiary (as defined herein) is an Affiliate of the Company. For purposes of this definition, “control”
means the power to direct the management and policies of such person, directly or indirectly, whether through the ownership of
voting securities, by contract or otherwise. For purposes of this Agreement, “Immediate Family” means any child,
stepchild, parent, stepparent, spouse, former spouse, sibling, niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law.

 

(l)        No
Governmental Review. Subscriber understands that no United States federal or state agency or any other governmental or state
agency has passed on or made recommendations or endorsement of the Securities or the suitability of the investment in the Securities,
nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

(m)      Independent
Decision. The decision of Subscriber to purchase Securities has been made by such Subscriber independently of any other Subscriber
and independently of any information, materials, statements or opinions as to the business, affairs, operations, assets, properties,
liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may have been made or
given by any other Subscriber or by any agent or employee of any other Subscriber, and no Subscriber or any of its agents or employees
shall have any liability to any other Subscriber (or any other Person) relating to or arising from any such information, materials,
statements or opinions.

 

(n)       Financial
Statements or Representations. Subscriber confirms its understanding that it has had the opportunity to review the Company's
financial reports and disclosures filed with the SEC, including all applicable risk factors prior to subscribing. The Subscriber
further confirms its understanding that those risk factors include the potential loss of its entire investment.

 

(o)       Correctness
of Representations. Subscriber represents that the foregoing representations and warranties are true and correct as of the
date hereof and, unless Subscriber otherwise notifies the Company in writing prior to the Closing Date, shall be true and correct
as of the Closing Date.

 

    6

     

    

 

(p)       Survival.
The foregoing representations and warranties shall survive the Closing Date.

 

5.     Company Representations and Warranties. Except as set forth in the Schedules hereto, the Company represents and warrants
to and agrees with each Subscriber that:

 

(a)       Due
Incorporation. 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 its properties and to carry on its business as presently conducted.
The Company is duly qualified as a foreign corporation to do business and is in good standing in each jurisdiction where the nature
of the business conducted or property owned by it makes such qualification necessary, other than those jurisdictions in which
the failure to so qualify would not have a Material Adverse Effect (as defined herein). For purposes of this Agreement, a “Material
Adverse Effect” shall mean a material adverse effect on the financial condition, results of operations, prospects, properties
or business of the Company and its Subsidiaries taken as a whole. For purposes of this Agreement, “Subsidiary”
means, with respect to any entity at any date, any direct or indirect corporation, limited or general partnership, limited liability
company, trust, estate, association, joint venture or other business entity of which (A) more than 30% of (i) the outstanding
capital stock having (in the absence of contingencies) ordinary voting power to elect a majority of the board of directors or
other managing body of such entity, (ii) in the case of a partnership or limited liability company, the interest in the capital
or profits of such partnership or limited liability company or (iii) in the case of a trust, estate, association, joint venture
or other entity, the beneficial interest in such trust, estate, association or other entity business is, at the time of determination,
owned or controlled directly or indirectly through one or more intermediaries, by such entity, or (B) is under the actual control
of the Company. As of the Closing Date, all of the Company’s Subsidiaries and the Company’s ownership interests therein
are described in the Company's filings with the SEC (the “SEC Documents”). The Company represents that it owns
all of the equity of the Subsidiaries and rights to receive equity of the Subsidiaries free and clear of all liens, encumbrances
and claims, except as set forth in the SEC Documents. No person or entity other than the Company has the right to receive any
equity interest in the Subsidiaries.

 

(b)       Outstanding
Stock; Capitalization. All issued and outstanding shares of capital stock and equity interests in the Company have been duly
authorized and validly issued and are fully paid and non-assessable. The Capitalization of the Company is accurately set forth
in the SEC Documents. Except as set forth in the SEC Documents, there are no options, warrants or rights to subscribe to securities,
rights, understandings or obligations convertible into or exchangeable for or granting any right to subscribe for any shares of
capital stock or other equity interest of the Company or any of the Subsidiaries. There are no outstanding agreements or preemptive
or similar rights affecting the Company’s Common Stock or equity.

 

    7

     

    

 

(c)       Authority;
Enforceability. This Agreement, the Convertible Notes, Warrants, the Escrow Agreement, and any other agreements delivered
or required to be delivered together with or pursuant to this Agreement or in connection herewith (collectively, the “Transaction
Documents”) have been duly authorized, executed and delivered by the Company and/or the Subsidiaries, as the case may
be, and are valid and binding agreements of the Company and/or the Subsidiaries, as the case may be, enforceable in accordance
with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar laws of general
applicability relating to or affecting creditors’ rights generally and to general principles of equity. The Company and/or
the Subsidiaries, as the case may be, have full corporate power and authority necessary to enter into and deliver the Transaction
Documents and to perform their obligations thereunder.

 

(d)       Consents.
No consent, approval, authorization or order of any court, governmental agency or body or arbitrator having jurisdiction over
the Company, the Subsidiaries or any of their Affiliates, or the Company’s stockholders is required for the execution by
the Company of the Transaction Documents and compliance and performance by the Company and the Subsidiaries of their respective
obligations under the Transaction Documents, including, without limitation, the issuance and sale of the Securities, other than
a Form D to be filed with the SEC and compliance with applicable state securities laws. The Transaction Documents and the Company’s
performance of its obligations thereunder have been unanimously approved by the Company’s board of directors in accordance
with the Company’s Certificate of Incorporation and applicable law. Any such qualifications and filings will, in the case
of qualifications, be effective upon Closing, and will, in the case of filings, be made within the time prescribed by law.

 

(e)       No
Violation or Conflict. Conditioned upon the representations and warranties of Subscriber in Section 4 hereof being materially
true and correct, neither the issuance nor the sale of the Securities nor the performance of the Company’s obligations under
this Agreement and the other Transaction Documents by the Company, will:

 

(i)       violate,
conflict with, result in a breach of, or constitute a default (or an event which with the giving of notice or the lapse of time
or both would be reasonably likely to constitute a default) under (A) the certificate of incorporation or bylaws of the Company,
(B) to the Company’s knowledge, any decree, judgment, order, law, treaty, rule, regulation or determination applicable to
the Company of any court, governmental agency or body, or arbitrator having jurisdiction over the Company or over the properties
or assets of the Company or any of its Affiliates, (C) the terms of any bond, debenture, note or any other evidence of indebtedness,
or any agreement, stock option or other similar plan, indenture, lease, mortgage, deed of trust or other instrument to which the
Company or any of its Affiliates is a party, by which the Company or any of its Affiliates is bound, or to which any of the properties
of the Company or any of its Affiliates is subject or (D) the terms of any “lock-up” or similar provision of any underwriting
or similar agreement to which the Company, or any of its Affiliates is a party, except the violation, conflict, breach or default
of which would not have a Material Adverse Effect; or

 

(ii)       result
in the creation or imposition of any lien, charge or encumbrance upon the Securities or any of the assets of the Company or any
of its Affiliates.

 

    8

     

    

 

(f)       The
Securities. The Securities upon issuance:

 

(i)       are,
or will be, free and clear of any security interests, liens, claims or other encumbrances, subject only to restrictions upon transfer
under the 1933 Act and any applicable state securities laws;

 

(ii)      have
been, or will be, duly and validly authorized and on the dates of issuance of the Convertible Notes and Warrants, the Conversion
Shares upon conversion of the Convertible Notes, and the Warrant Shares upon exercise of the Warrants, such Convertible Notes,
Warrants, Conversion Shares and Warrant Shares will be duly and validly issued, fully paid and non-assessable;

 

(iii)     will
not have been issued or sold in violation of any preemptive or other similar rights of the holders of any securities of the Company
or rights to acquire securities or debt of the Company;

 

(iv)     will
not subject the holders thereof to personal liability by reason of being such holders; and

 

(v)      conditioned
upon the representations and warranties of the Subscribers as set forth in Section 4 hereof being materially true and correct,
will not result in a violation of Section 5 under the 1933 Act.

 

(g)       Litigation.
There is no pending or, to the best knowledge of the Company, threatened action, suit, proceeding or investigation before
any court, governmental agency or body, or arbitrator having jurisdiction over the Company, or any of its Affiliates that would
affect the execution by the Company or the complete and timely performance by the Company of its obligations under the Transaction
Documents. Except as otherwise disclosed in the SEC Documents, there is no pending or, to the best knowledge of the Company, basis
for or threatened action, suit, proceeding or investigation before any court, governmental agency or body, or arbitrator having
jurisdiction over the Company, or any of its Affiliates which litigation if adversely determined would have a Material Adverse
Effect.

 

(h)       No
Market Manipulation. The Company and its Affiliates have not taken, and will not take, directly or indirectly, any action
designed to, or that might reasonably be expected to, cause or result in stabilization or manipulation of the price of the Common
Stock to facilitate the sale or resale of the Securities or affect the price at which the Securities may be issued or resold.

 

(i)       Defaults.
The Company is not in violation of its certificate of incorporation or bylaws. The Company is (i) not in default under or
in violation of any other material agreement or instrument to which it is a party or by which it or any of its properties are
bound or affected, which default or violation would have a Material Adverse Effect, (ii) not in default with respect to any order
of any court, arbitrator or governmental body or subject to or party to any order of any court or governmental authority arising
out of any action, suit or proceeding under any statute or other law respecting antitrust, monopoly, restraint of trade, unfair
competition or similar matters which default would have a Material Adverse Effect, or (iii) not in violation of any statute, rule
or regulation of any governmental authority which violation would have a Material Adverse Effect.

 

    9

     

    

 

(j)       No
Integrated Offering. Neither the Company, nor any of its Affiliates, nor any person acting on its or their behalf, has directly
or indirectly made any offers or sales of any security of the Company nor solicited any offers to buy any security of the Company
under circumstances that would cause the offer of the Securities pursuant to this Agreement to be integrated with prior offerings
by the Company for purposes of the 1933 Act or any applicable stockholder approval provisions. No prior offering will impair the
exemptions relied upon in this Offering or the Company’s ability to timely comply with its obligations hereunder. Neither
the Company nor any of its Affiliates will take any action or suffer any inaction or conduct any offering other than the transactions
contemplated hereby that may be integrated with the offer or issuance of the Securities or that would impair the exemptions relied
upon in this Offering or the Company’s ability to timely comply with its obligations hereunder.

 

(k)       No
General Solicitation. Neither the Company, nor any of its Affiliates, nor to its knowledge, any person acting on its or their
behalf, has engaged in any form of general solicitation or general advertising (within the meaning of Regulation D under the 1933
Act) in connection with the offer or sale of the Securities.

 

(l)       Dilution.
The Company’s executive officers and directors understand the nature of the Securities being sold hereby and recognize that
the issuance of the Securities will have a potential dilutive effect on the equity holdings of other holders of the Company’s
equity or rights to receive equity of the Company. The board of directors of the Company has concluded, in its good faith business
judgment, that the issuance of the Securities is in the best interests of the Company. The Company specifically acknowledges that
its obligation to issue the Conversion Shares upon conversion of the Convertible Notes and the Warrant Shares upon exercise of
the Warrants is binding upon the Company and enforceable regardless of the dilution such issuance may have on the ownership interests
of other stockholders of the Company or parties entitled to receive equity of the Company.

 

(m)       No
Disagreements with Accountants and Lawyers. There are no material disagreements of any kind presently existing, or reasonably
anticipated by the Company to arise, between the Company and the accountants and lawyers previously and presently employed by
the Company, including, but not limited to, disputes or conflicts over payment owed to such accountants and lawyers, nor have
there been any such disagreements during the two years prior to the Closing Date.

 

(n)       Investment
Company. Neither the Company, nor to the knowledge of the Company, any Affiliate of the Company is an “investment company”
within the meaning of the Investment Company Act of 1940, as amended.

 

(o)       Foreign
Corrupt Practices. Neither the Company, nor to the knowledge of the Company, any agent or other person acting on behalf of
the Company, has (i) directly or indirectly, used any funds for unlawful contributions, gifts, entertainment or other unlawful
expenses related to foreign or domestic political activity, (ii) made any unlawful payment to foreign or domestic government officials
or employees or to any foreign or domestic political parties or campaigns from corporate funds, (iii) failed to disclose fully
any contribution made by the Company (or made by any person acting on its behalf of which the Company is aware) which is in violation
of law, or (iv) violated in any material respect any provision of the Foreign Corrupt Practices Act of 1977, as amended.

 

    10

     

    

  

(p)       Company
Predecessor and Subsidiaries. The Company makes each of the representations contained in Sections 5(a), (b), (c), (d), (e),
(f), (h), (j), (k), (l), (n), (o), and (p) of this Agreement, as same relate or could be applicable to each Subsidiary. All representations
made by or relating to the Company of a historical or prospective nature and all undertakings described in Section 8 shall relate,
apply and refer to the Company and the Subsidiaries and their predecessors and successors.

 

(q)       Exchange
Act Registration and Reports Filed Thereunder. The Company’s Common Stock is registered under Section 12(g) of the Exchange
Act and the Company has filed all reports required to be filed by it thereunder. The SEC Documents are true, complete and accurate
and do not misrepresent a material fact, do not omit to state a material fact and do not omit any fact necessary to make any statement
made therein not misleading under the circumstances under which they are made.

 

(r)       Correctness
of Representations. The Company represents that the foregoing representations and warranties are true and correct as of the
date hereof in all material respects, and, unless the Company otherwise notifies the Subscribers prior to the Closing Date, shall
be true and correct in all material respects as of the Closing Date; provided that if such representation or warranty is
made as of a different date, such representation or warranty shall be true as of such date.

 

(s)       Survival.
The foregoing representations and warranties shall survive the Closing Date.

 

5.     Regulation
D Offering. The offer and issuance of the Securities to the Subscribers is being made pursuant to an exemption from the registration
provisions of the 1933 Act afforded by Section 4(2) of the 1933 Act and/or Rule 506 of Regulation D promulgated thereunder.

 

6.     Broker’s
Commission/Finder’s Fee. The Company on the one hand, and each Subscriber, for itself and not on behalf of any other
Subscriber, on the other hand, agrees to indemnify the other against and hold the other harmless from any and all liabilities
to any Persons claiming brokerage commissions or similar fees on account of services purported to have been rendered on behalf
of the indemnifying party in connection with this Agreement or the transactions contemplated hereby and arising out of such party’s
actions. Except for Network 1 Financial Securities, Inc., the Company represents that to the best of its knowledge there are no
parties entitled to receive fees, commissions, finder’s fees, due diligence fees or similar payments in connection with
the Offering.

 

    11

     

    

 

7.     Covenants
of the Company. The Company covenants and agrees with the Subscribers as follows:

 

(a)       
Registration Rights. Purchasers of Convertible Notes and Warrants in the Offering shall be entitled to the registration
rights described on Annex A to this Agreement, which is incorporated herein in its entirety by reference.

 

(b)       Stop
Orders. Subject to the prior notice requirement described in Section 8(g) hereof, the Company will advise the Subscribers,
within twenty-four (24) hours after it receives notice of issuance by the Commission, any state securities commission or any other
regulatory authority of any stop order or of any order preventing or suspending any offering of any securities of the Company,
or of the suspension of the qualification of the Common Stock of the Company for offering or sale in any jurisdiction, or the
initiation of any proceeding for any such purpose. The Company will not issue any stop transfer order or other order impeding
the sale, resale or delivery of any of the Securities, except as may be required by any applicable federal or state securities
laws, provided at least five (5) business days prior notice of such instruction is given to the Subscribers.

 

(c)       Books
and Records. The Company will keep true records and books of account in which full, true and correct entries in all material
respects will be made of all dealings or transactions in relation to its business and affairs in accordance with United States
generally accepted accounting principles (“GAAP”) applied on a consistent basis.

 

(d)       Governmental
Authorities. The Company shall duly observe and conform in all material respects to all valid requirements of governmental
authorities relating to the conduct of its business or to its properties or assets.

 

(e)       Intellectual
Property. The Company shall maintain in full force and effect its corporate existence, rights and franchises and all licenses
and other rights to use intellectual property owned or possessed by it and reasonably deemed to be necessary to the conduct of
its business, unless it is sold for value.

 

(f)       Properties.
The Company will keep its properties in good repair, working order and condition, reasonable wear and tear excepted, and from
time to time make all necessary and proper repairs, renewals, replacements, additions and improvements thereto as the Company
shall reasonably determine; and the Company will at all times comply with each provision of all leases and claims to which it
is a party or under which it occupies or has rights to property if the breach of such provision could reasonably be expected to
have a Material Adverse Effect. The Company will not abandon any of its assets, except for those assets which have negligible
or marginal value , are obsolete or for which it is prudent to do so under the circumstances as reasonably determined by the Company.

 

(g)       Notices.
For so long as the Subscribers hold any Convertible Notes or Warrants, the Company will maintain a United States address and United
States fax number for notice purposes under the Transaction Documents.

 

(h)       Notice
of Event of Default. The Company agrees to notify Subscriber of the occurrence of an Event of Default (as defined and employed
in the Transaction Documents) not later than ten (10) days after any of the Company’s officers or directors becomes aware
of such Event of Default.

 

    12

     

    

 

8.     Covenants of the Company Regarding Indemnification.

 

(a)       The
Company agrees to indemnify, hold harmless, reimburse and defend the Subscribers, the Subscribers’ officers, directors,
agents, counsel, Affiliates, members, managers, control persons, and principal shareholders, against any claim, cost, expense,
liability, obligation, loss or damage (including reasonable legal fees) of any nature, incurred by or imposed upon the Subscribers
or any such person which results, arises out of or is based upon (i) any material misrepresentation by Company or breach of any
representation or warranty by Company in this Agreement or in any Exhibits or Schedules attached hereto in any Transaction Document,
or other agreement delivered pursuant hereto or in connection herewith, now or after the date hereof; or (ii) after any applicable
notice and/or cure periods, any breach or default in performance by the Company of any covenant or undertaking to be performed
by the Company hereunder, or any other agreement entered into by the Company and Subscribers relating hereto.

 

(b)       In
no event shall the liability of the Subscribers or permitted successor hereunder or under any Transaction Document or other agreement
delivered in connection herewith be greater in amount than the dollar amount of the net proceeds actually received by such Subscriber
or successor upon the sale of Registrable Securities (as defined herein).

 

10.    Miscellaneous.

 

(a)       Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in
writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered
or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges
prepaid, or (iv) transmitted by hand delivery, telegram, or facsimile addressed as set forth below or to such other address
as such party shall have specified most recently by written notice in accordance with this Section 10(a). Any notice or
other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery
by facsimile with accurate confirmation generated by the transmitting facsimile machine at the address or number
designated below (if delivered on a business day during normal business hours where such notice is to be received), or the
first business day following such delivery (if delivered other than on a business day during normal business hours where
such notice is to be received, or (b) on the second business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses
for such communications shall be: (i) if to the Company, to: Jerrick Media Holdings, Inc., 202 S Dean Street, Englewood
New Jersey, 07631, Attn: Jeremy Frommer, facsimile: (201) 608-7536, with a copy by fax only to (which shall not
constitute notice): Lucosky Brookman LLP, 101 Wood Avenue South, 5th Floor, Iselin, NJ 08830, Attn: Joseph M. Lucosky, Esq.,
facsimile: (732) 395-4400, and (ii) if to a Subscriber, to: the addresses and fax numbers indicated on the signature
page hereto.

 

    13

     

    

 

(b)       
Entire Agreement; Assignment. This Agreement and other documents delivered in connection herewith represent the entire
agreement between the parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by
all parties. Neither the Company nor the Subscribers has relied on any representations not contained or referred to in this Agreement
or the other Transaction Documents. No right or obligation of the Company shall be assigned without prior notice to and the written
consent of the Subscribers.

 

(c)       Counterparts/Execution.
This Agreement may be executed in any number of counterparts and by the different signatories hereto on separate counterparts,
each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same
instrument. This Agreement may be executed by facsimile transmission, PDF, electronic signature or other similar electronic means
with the same force and effect as if such signature page were an original thereof.

 

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

 

(e)       Specific
Enforcement, Consent to Jurisdiction. The Company and each Subscriber hereby irrevocably waives, and agrees not to
assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction in New Jersey
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. Nothing in this Section shall affect or limit any right to serve process in any other manner
permitted by law. Subject to Section 10(d) hereof, the Company and the Subscribers acknowledge and agree that irreparable
damage would occur in the event that any of the provisions of this Agreement were not performed in accordance with their
specific terms or were otherwise breached. It is accordingly agreed that the parties hereto 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, this being in addition to any other remedy to which any of them may be entitled by law or
equity.

 

    14

     

    

 

(f)       Damages.
In the event the Subscriber is entitled to receive any liquidated or other damages pursuant to the Transactions Documents, the
Subscriber may elect to receive the greater of actual damages or such liquidated damages. In the event the Subscriber is granted
rights under different sections of the Transaction Documents relating to the same subject matter or which may be exercised contemporaneously,
or pursuant to which damages or remedies are different, Subscriber is granted the right in Subscriber’s absolute discretion
to proceed under such section as Subscriber elects.

 

(g)       Maximum
Payments. Nothing contained herein or in any document referred to herein or delivered in connection herewith shall be deemed
to establish or require the payment of a rate of interest or other charges in excess of the maximum permitted by applicable law.
In the event that the rate of interest or dividends required to be paid or other charges hereunder exceed the maximum permitted
by such law, any payments in excess of such maximum shall be credited against amounts owed by the Company to the Subscribers and
thus refunded to the Company. The Company agrees that it may not, and actually waives any right to, challenge the effectiveness
or applicability of this Section 10(g).

 

(h)       Calendar
Days. All references to “days” in the Transaction Documents shall mean calendar days unless otherwise stated.
The terms “business days” and “trading days” shall mean days that the New York Stock Exchange is open
for trading for three or more hours. Time periods shall be determined as if the relevant action, calculation or time period were
occurring in New York City. Any deadline that falls on a non-business day in any of the Transaction Documents shall be automatically
extended to the next business day and interest, if any, shall be calculated and payable through such extended period.

 

(i)       Captions;
Certain Definitions. The captions of the various sections and paragraphs of this Agreement have been inserted only for the
purposes of convenience; such captions are not a part of this Agreement and shall not be deemed in any manner to modify, explain,
enlarge or restrict any of the provisions of this Agreement. As used in this Agreement the term “person” shall
mean and include an individual, a partnership, a joint venture, a corporation, a limited liability company, a trust, an unincorporated
organization and a government or any department or agency thereof.

 

(j)       Severability.
In the event that any term or provision of this Agreement shall be finally determined to be superseded, invalid, illegal or otherwise
unenforceable pursuant to applicable law by an authority having jurisdiction and venue, that determination shall not impair or
otherwise affect the validity, legality or enforceability: (i) by or before that authority of the remaining terms and provisions
of this Agreement, which shall be enforced as if the unenforceable term or provision were deleted, or (ii) by or before any other
authority of any of the terms and provisions of this Agreement.

 

    15

     

    

 

(k)       Successor
Laws. References in the Transaction Documents to laws, rules, regulations and forms shall also include successors to and functionally
equivalent replacements of such laws, rules, regulations and forms. A successor rule to Rule 144(b)(1)(i) shall include any rule
that would be available to a non-Affiliate of the Company for the sale of Common Stock not subject to volume restrictions and
after a six month holding period.

 

(l)       Maximum
Liability. In no event shall the liability of the Subscribers or permitted assign hereunder or under any Transaction Document
or other agreement delivered in connection herewith be greater in amount than the dollar amount of the net proceeds actually received
by such Subscriber or successor upon the sale of Conversion Shares.

 

(m)     Independent
Nature of Subscribers. The Company acknowledges that the obligations of each Subscriber under the Transaction Documents are
several and not joint with the obligations of any other Subscriber, and no Subscriber shall be responsible in any way for the
performance of the obligations of any other Subscriber under the Transaction Documents. The Company acknowledges that each Subscriber
has represented that the decision of each Subscriber to purchase Securities has been made by such Subscriber independently of
any other Subscriber and independently of any information, materials, statements or opinions as to the business, affairs, operations,
assets, properties, liabilities, results of operations, condition (financial or otherwise) or prospects of the Company which may
have been made or given by any other Subscriber or by any agent or employee of any other Subscriber, and no Subscriber or any
of its agents or employees shall have any liability to any other Subscriber (or any other person) relating to or arising from
any such information, materials, statements or opinions. The Company acknowledges that nothing contained in any Transaction Document,
and no action taken by any Subscriber pursuant hereto or thereto shall be deemed to constitute the Subscribers as a partnership,
an association, a joint venture or any other kind of entity, or create a presumption that the Subscribers are in any way acting
in concert or as a group with respect to such obligations or the transactions contemplated by the Transaction Documents. The Company
acknowledges that it has elected to provide all Subscribers with the same terms and Transaction Documents for the convenience
of the Company and not because Company was required or requested to do so by the Subscribers. The Company acknowledges that such
procedure with respect to the Transaction Documents in no way creates a presumption that the Subscribers are in any way acting
in concert or as a group with respect to the Transaction Documents or the transactions contemplated thereby.

 

(n)       Equal
Treatment. No consideration shall be offered or paid to any person to amend or consent to a waiver or modification of any
provision of the Transaction Documents unless the same consideration is also offered to all the Subscribers and their permitted
successors and assigns.

 

[-SIGNATURE
PAGES FOLLOW-]

 

    16

     

    

 

SIGNATURE
PAGE TO SUBSCRIPTION AGREEMENT

 

Please
acknowledge your acceptance of the foregoing Subscription Agreement by signing and returning a copy to the undersigned whereupon
it shall become a binding agreement between us.

 

	 	JERRICK
    MEDIA HOLDINGS, INC.
	 	a
    Nevada corporation
	 	 	 
	 	By:	 
	 	Name: 	Jeremy
    Frommer
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	Dated:	___________
    ___, 2016

 

	 	 	PURCHASE	 	CONVERTIBLE	 	 
	SUBSCRIBER	 	PRICE	 	NOTES	 	WARRANTS
	 	 	 	 	 	 	 
	Name
    of Subscriber:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Address:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Fax
    No.:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	Taxpayer
    ID# (if applicable):	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	or
    Social Security #	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	(Signature)	 	 	 	 	 	 
	 	 	 	 	 	 	 
	By:	 	 	 	 	 	 

 

    17

     

    

 

ANNEX
A – REGISTRATION RIGHTS

 

1.        Piggyback
Registration. Each purchaser of Convertible Notes and Warrants in the Offering (the “Holder”) shall be
entitled to the following “piggy-back” registration rights covering the Registrable Securities only during such period(s)
as there is no effective Resale Registration Statement covering resale of the Holder’s Registrable Securities:

 

(a)       Grant
of Right. The Holder shall have the right, for a period of five (5) years after the final Closing Date of the Offering, to
include the Registrable Securities as part of any registration of securities filed by the Company (other than in connection with
a transaction contemplated by Rule 145 promulgated under the Act or pursuant to Form S-8 or any equivalent form) provided,
however, that if, solely in connection with any primary underwritten public offering for the account of the Company, the
managing underwriter(s) thereof shall, in its reasonable discretion, impose a limitation on the number of shares of Common Stock
which may be included in a registration statement because, in such underwriter(s)’ judgment, marketing or other factors
dictate such limitation is necessary to facilitate public distribution, then the Company shall be obligated to include in such
registration statement only such limited portion of the Registrable Securities with respect to which the Holder requested inclusion
hereunder as the underwriter shall reasonably permit. The Company shall not exclude any Registrable Securities unless the Company
has first excluded all outstanding securities, the holders of which are not entitled to inclusion of such securities in such registration
statement or are not entitled to pro rata inclusion with the Registrable Securities.

 

(b)       Terms.
The Company shall bear all fees and expenses attendant to registering the Registrable Securities pursuant to this Section 2
hereof, but the Holders shall pay any and all underwriting commissions and the expenses of any legal counsel selected by the
Holders to represent them in connection with the sale of the Registrable Securities. In the event of such a proposed registration,
the Company shall furnish the then Holders of outstanding Registrable Securities with not less than thirty (30) days written notice
prior to the proposed date of filing of such registration statement. Such notice to the Holders shall continue to be given for
each registration statement filed by the Company until such time as all of the Registrable Securities have been sold by the Holder.
The holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written
notice, within ten (10) days of the receipt of the Company’s notice of its intention to file a registration statement. Except
as otherwise provided in this Warrant, there shall be no limit on the number of times the Holder may request registration under
this Section 2; provided, however, that such registration rights shall terminate on the sixth anniversary of the final
Closing of the Offering.

 

(c)       Upon
the proper and lawful transfer of any of the Registrable Securities by any Holder thereof prior to such time as the Registrable
Securities have been resold pursuant to a registration statement contemplated by this Section 2, the registration rights attendant
to such Registrable Securities shall be transferable hereunder if:

 

(i)       such
Holder gives prior written notice to the Company;

 

(ii)      such
transfer is otherwise in compliance with this Subscription Agreement; and

 

(iii)     such
transfer is otherwise effected in accordance with applicable securities laws.

 

 

A-1

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