Document:

NONE
OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933
ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE
1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN
A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH
THE 1933 ACT. “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

Unless
permitted under securities legislation, the holder of this security must not trade the security before OCTOBER 8, 2018.

 

STOCK
OPTION AGREEMENT

 

This
AGREEMENT is entered into as of the June 7, 2018 (the “Date of Grant”).

 

BETWEEN:

 

ICOX
INNOVATIONS INC., a company incorporated pursuant to the laws of the State of Nevada, with an office at 4101 Redwood Avenue,
Building F, Los Angeles, CA 90066

 

(the
“Company”)

 

AND:

 

ALPHONSO
JACKSON, a businessman with an address at 1411 Key Blvd., Unit 601, Arlington, VA 22209

 

(the
“Optionee”)

 

WHEREAS:

 

A.
The Company’s board of directors (the “Board”) has approved and adopted a 2017 Equity Incentive Plan
(the “Plan”), whereby the Board is authorized to grant stock options to purchase shares of common stock of
the Company to the directors, officers, employees, and consultants of the Company or any Parent or Subsidiary of the Company (as
defined herein);

 

B.
The Optionee is a director, officer, employee or consultant of the Company, the Parent or a Subsidiary; and

 

C.
The Company wishes to grant stock options to purchase a total of 100,000 Optioned Shares (as defined herein) to the Optionee,
as follows:

 

	 	 	 	Incentive
    Stock Options (as defined herein)
	 	X	 	Non-Qualified
    Stock Options (as defined herein)

 

    	 	 	 

    	 	2	 

    

 

NOW
THEREFORE THIS AGREEMENT WITNESSES that in consideration of the covenants and agreements set forth herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

 

1.
Definitions

 

1.1
In this Agreement, the following terms shall have the following meanings:

 

	 	(a)	“1933
    Act” means the Securities Act of 1933, as amended;
	 	 	 
	 	(b)	“Board”
    means the board of directors of the Company;
	 	 	 
	 	(c)	“Canadian
    Accredited Investor Questionnaire” means a questionnaire substantially in the form of the Canadian Accredited Investor
    Questionnaire attached to this Agreement as Schedule B;
	 	 	 
	 	(d)	“Code”
    means the Internal Revenue Code of 1986;
	 	 	 
	 	(e)	“Common
    Stock” means the shares of common stock of the Company;
	 	 	 
	 	(f)	“Exercise
    Price” means $0.60 per share;
	 	 	 
	 	(g)	“Expiry
    Date” means June 7, 2028;
	 	 	 
	 	(h)	“Incentive
    Stock Options” means any Options that meet all the requirements under section 422 of the Code;
	 	 	 
	 	(i)	“Non-Qualified
    Stock Options” means any Options that do not qualify as Incentive Stock Options and, thus, do not meet the requirements
    under section 422 of the Code;
	 	 	 
	 	(j)	“Notice
    of Exercise” means a notice in writing addressed to the Company at its address first recited hereto (or such other
    address of which the Company may from time to time notify the Optionee in writing), substantially in the form attached as
    Schedule B hereto, which notice shall specify therein the number of Optioned Shares in respect of which the Options are being
    exercised;
	 	 	 
	 	(k)	“Options”
    means the right and option to purchase, from time to time, all, or any part of the Optioned Shares granted to the Optionee
    by the Company pursuant to Section 2.1 of this Agreement;
	 	 	 
	 	(l)	“Optioned
    Shares” means the shares of Common Stock that are issued pursuant to the exercise of the Options;
	 	 	 
	 	(m)	“Parent”
    means a company or other entity that owns at least fifty percent (50%) of the outstanding voting stock or voting power of
    the Company;
	 	 	 
	 	(n)	“Plan”
    has the meaning ascribed thereto in Recital A of this Agreement;
	 	 	 
	 	(o)	“Securities”
    means, collectively, the Options and the Optioned Shares;
	 	 	 
	 	(p)	“Subsidiary”
    means a company or other entity, at least fifty percent (50%) of the outstanding voting stock or voting power of which is
    beneficially owned, directly or indirectly, by the Company; and
	 	 	 
	 	(q)	“Vested
    Options” means the Options that have vested in accordance with Section 2.2 of this Agreement.

 

    	 	 	 

    	 	3	 

    

 

1.2
Capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Plan.

 

2.
The Options

 

2.1
The Company hereby grants to the Optionee, on the terms and conditions set out in this Agreement and in the Plan, Options to purchase
a total of 100,000 Optioned Shares at the Exercise Price.

 

2.2
The Options will vest in accordance with Schedule A to this Agreement. The Options may be exercised immediately after vesting.

 

2.3
The Options shall, at 5:00 p.m. (Pacific time) on the Expiry Date, expire and be of no further force or effect whatsoever.

 

2.4
The Company shall not be obligated to cause the issuance, transfer or delivery of a certificate or certificates representing Optioned
Shares to the Optionee, until provision has been made by the Optionee, to the satisfaction of the Company, for the payment of
the aggregate Exercise Price for all Optioned Shares for which the Options shall have been exercised, and for satisfaction of
any tax withholding obligations associated with such exercise.

 

2.5
Subject to the provisions of this Agreement and the Plan and subject to compliance with any applicable securities laws, the Options
shall be exercisable, in full or in part, at any time after vesting, until termination. If less than all of the Optioned Shares
included in the vested portion of any Options are purchased, the remainder may be purchased at any subsequent time prior to the
Expiry Date. Only whole shares may be issued pursuant to the exercise of any Options, and to the extent that any Option covers
less than one (1) share, it is not exercisable.

 

2.6
Each exercise of the Options shall be by means of delivery of a Notice of Exercise (which may be in the form attached hereto as
Schedule C) to the Chief Financial Officer of the Company at its principal executive office, specifying the number of Optioned
Shares to be purchased and accompanied by payment in cash or by certified check or cashier’s check in the amount of the
full Exercise Price for the Common Stock to be purchased. In addition to payment in cash or by certified check or cashier’s
check and if agreed to in advance by the Company, the Optionee or transferee of the Options may pay for all or any portion of
the aggregate Exercise Price by complying with any other payment mechanism approved by the Board at the time of exercise.

 

2.7
Reference is made to the Plan for particulars of the rights and obligations of the Optionee and the Company in respect of:

 

	 	(a)	the
    terms and conditions on which the Options are granted except to the extent set forth herein; and,
	 	 	 
	 	(b)	a
    consolidation or subdivision of the Company’s share capital or a corporate reorganization;

 

all
to the same effect as if the provisions of the Plan were set out in this Agreement and to all of which the Optionee assents. A
copy of the Plan is available to the Optionee at no charge, at the Company’s principal executive office. Any provision of
this Agreement that is inconsistent with the Plan shall be considered void and replaced with the applicable provision of the Plan.
The Company may modify, extend or renew this Agreement or the Options represented hereby or accept the surrender thereof (to the
extent not previously exercised) and authorize the granting of a new option in substitution therefore (to the extent not previously
exercised), subject at all times to the Plan, the applicable rules of any applicable regulatory authority or stock exchange, and
any applicable laws. Notwithstanding the foregoing provisions of this Section 2.7, the Company shall not have the right to make
any modification which would materially alter the terms of the Options to the Optionee’s detriment or materially impair
any rights of the Optionee hereunder without the consent of the Optionee.

 

    	 	 	 

    	 	4	 

    

 

2.8
By accepting the Options, the Optionee represents and agrees that none of the Optioned Shares purchased upon exercise of the Options
will be distributed in violation of applicable federal and state laws and regulations. The Optionee further represents and agrees
to provide the Company with any other document reasonably requested by the Company or the Company’s Counsel.

 

3.
Documents Required from Optionee

 

3.1
The Optionee must complete, sign and return to the Company:

 

	 	(a)	a
    copy of this Agreement;
	 	 	 
	 	(b)	a
    copy of the Acknowledgements, and Representations and Warranties of the Optionee attached hereto as Schedule F;
	 	 	 
	 	(c)	if
    the Optionee is resident in Canada, a Canadian Questionnaire in the form attached hereto as Schedule C; and
	 	 	 
	 	(d)	if
    the Optionee is resident in the United States and if an exemption from the registration requirements imposed by the 1933 Act
    is necessary for entry into this Agreement, one of the two questionnaires in the forms attached hereto as Schedule D and Schedule
    E, whichever applies.

 

3.2
The Optionee shall complete, sign and return to the Company as soon as possible, on request by the Company, any documents, questionnaires,
notices and undertakings as may be required by regulatory authorities, and applicable law.

 

4.       Subject
to Plan

 

The
terms of the Options will be subject to the Plan, as may from time to time be amended, and any inconsistencies between this Agreement
and the Plan, as the same may be from time to time amended, shall be governed by the provisions of the Plan. A copy of the Plan
will be delivered to the Optionee, and will be available for inspection at the principal offices of the Company.

 

5.
Acknowledgement and Waiver

 

The
Optionee hereby waives, to the fullest extent permitted by law, any rights of withdrawal, rescission or compensation for damages
to which the Optionee might be entitled in connection with the distribution of any of the Securities.

 

6.
Professional Advice

 

The
acceptance of the Options and the sale of Common Stock issued pursuant to the exercise of Options may have consequences under
federal, state and provincial tax and securities laws which may vary depending upon the individual circumstances of the Optionee.
Accordingly, the Optionee acknowledges that he or she has been advised to consult his or her personal legal and tax advisor in
connection with this Agreement and his or her dealings with respect to Options. Without limiting other matters to be considered
with the assistance of the Optionee’s professional advisors, the Optionee should consider: (a) the merits and risks of an
investment in the underlying Optioned Shares; and (b) any resale restrictions that might apply under applicable securities laws.

 

    	 	 	 

    	 	5	 

    

 

7.
Legending of Subject Securities

 

7.1
The Optionee hereby acknowledges that that upon the issuance thereof, and until such time as the same is no longer required under
the applicable securities laws and regulations, the certificates representing any of the Optioned Shares may bear a legend in
substantially the following form:

 

If
the Optionee is not resident in the United States:

 

THE
SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”).

 

NONE
OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT
IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING
THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. “UNITED STATES” AND “U.S. PERSON”
ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

Unless
permitted under securities legislation, the holder of this security must not trade the security before [insert the date that
is 4 months and a day after the distribution date].

 

If
the Option is resident in the United States:

 

NONE
OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933
ACT”), OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY,
IN THE UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE
1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN
A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE
STATE SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH
THE 1933 ACT. “UNITED STATES” AND “U.S. PERSON” ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.

 

Unless
permitted under securities legislation, the holder of this security must not trade the security before [insert the date that
is 4 months and a day after the distribution date].

 

7.2
The Optionee hereby acknowledges and agrees to the Company making a notation on its records or giving instructions to the registrar
and transfer agent of the Company in order to implement the restrictions on transfer set forth and described in this Agreement.

 

    	 	 	 

    	 	6	 

    

 

8.
Resale restrictions

 

8.1
This Agreement and the Options represented hereby are not transferable. Optioned Shares received upon exercise of any Options
will be subject to resale restrictions contained in the securities legislation applicable to the Company and the Optionee. The
Optionee acknowledges and agrees that the Optionee is solely responsible (and the Company is not in any way responsible) for compliance
with applicable resale restrictions.

 

8.2
The Optionee acknowledges that any resale of any of the Optioned Shares will be subject to resale restrictions contained in the
securities legislation applicable to the Optionee or proposed transferee. The Optionee acknowledges that none of the Optioned
Shares have been registered under the 1933 Act or the securities laws of any state of the United States. The Optioned Shares may
not be offered or sold in the United States unless registered in accordance with federal securities laws and all other applicable
securities laws or exemptions from such registration requirements are available. The Optionee acknowledges that the Optioned Shares
are subject to resale restrictions in Canada and may not be traded in Canada except as permitted by the applicable provincial
securities laws and the rules made thereunder.

 

9.
No Employment Relationship

 

The
grant of an Option shall in no way constitute any form of agreement or understanding binding on the Company or any related company,
express or implied, that the Company or any related company will employ or contract with an Optionee, for any length of time,
nor shall it interfere in any way with the Company’s or, where applicable, a related company’s right to terminate
Optionee’s employment at any time, which right is hereby reserved.

 

10.
Governing Law

 

This
Agreement is governed by the laws of the State of Nevada and the federal laws of the United States of America as applicable therein.
The Optionee irrevocably attorns to the jurisdiction of the courts of the State of Arizona.

 

11.
Costs

 

The
Optionee acknowledges and agrees that all costs and expenses incurred by the Optionee (including any fees and disbursements of
any special counsel retained by the Optionee) relating to the acquisition of the Securities shall be borne by the Optionee.

 

12.
Survival

 

This
Agreement, including without limitation the representations, warranties and covenants contained herein, shall survive and continue
in full force and effect and be binding upon the parties hereto notwithstanding the completion of the purchase of the shares underlying
the Options by the Optionee pursuant hereto.

 

13.
Assignment

 

This
Agreement is not transferable or assignable.

 

14.
Currency

 

Unless
explicitly stated otherwise, all funds in this Agreement are stated in United States dollars.

 

15.
Severability

 

The
invalidity or unenforceability of any particular provision of this Agreement shall not affect or limit the validity or enforceability
of the remaining provisions of this Agreement.

 

    	 	 	 

    	 	7	 

    

 

16.
Counterparts and Electronic Means

 

This
Agreement may be executed in several counterparts, each of which will be deemed to be an original and all of which will together
constitute one and the same instrument. Delivery of an executed copy of this Agreement by electronic facsimile transmission or
other means of electronic communication capable of producing a printed copy will be deemed to be execution and delivery of this
Agreement as of the date first above written.

 

17.
Entire Agreement

 

This
Agreement is the only agreement between the Optionee and the Company with respect to the Options, and this Agreement and the Plan,
once approved, supersede all prior and contemporaneous oral and written statements and representations and contain the entire
agreement between the parties with respect to the Options.

 

IN
WITNESS WHEREOF the parties hereto have duly executed this Agreement as of the date first above written.

 

	ICOX
    INNOVATIONS INC.	 	 
	 	 	 	 
	Per:	/s/
    Michael A. Blum	 	 
	 	Authorized
    Signatory	 	 

 

	WITNESSED
    BY:	)	 
	 	)	 
	 	)	 
	 	)	 
	 	)	 
	Name	)	/s/
    Alphonso Jackson
	 	)	ALPHONSO
    JACKSON
	 	)	 
	Address	)	 
	 	)	 
	 	)	 
	 	)	 
	 	)	 
	Occupation	)	 

 

    	 	 	 

    	 	A-1	 

    

 

SCHEDULE
A

 

VESTING
SCHEDULE

 

1/3
of the Options will vest on June 7, 2018, June 7, 2019 and June 7, 2020.

 

    	 	 	 

    	 	B-1	 

    

 

SCHEDULE
B

 

NOTICE
OF EXERCISE

 

	TO:	ICOX
    Innovations Inc.
	 	4101
    Redwood Avenue
	 	Building
    F
	 	Los
    Angeles, CA 90066

 

This
Notice of Exercise shall constitute a proper Notice of Exercise pursuant to section 2.6 of the Stock Option Agreement dated June
7, 2018 (the “Agreement”), between ICOX Innovations Inc. (the “Company”) and the undersigned.
The undersigned hereby elects to exercise the Optionee’s options to purchase ____________________ shares of the common stock
of the Company at a price of $0.60 per share on the terms and conditions set forth in the Agreement.

 

Payment
of aggregate consideration of $____________in cash or by certified check or cashier’s check accompanies this notice.

 

The
Optionee hereby represents and warrants to the Company that all representations and warranties set out in the Agreement (and the
applicable schedules hereto) are true as of the date of the exercise of the Options under the Agreement. The Optionee hereby further
represents and warrants to the Company that the shares are being purchased only for investment and without intention to sell or
distribute such shares.

 

The
Optionee hereby directs the Company to issue, register and deliver the certificates representing the shares as follows:

 

	Registration
    Information:	 	Delivery
    Instructions:
	 	 	 
	Name
    to appear on certificates	 	Name
	 	 	 
	Address	 	Address
	 	 	 
	City,
    State, and Zip Code	 	 
	 	 	 
	 	 	Telephone
    Number

 

DATED
at _____________________________, the ______ day of______________, _______.

 

	 	 	X
	 	 	Signature
	 	 	 
	 	 	(Name
    and, if applicable, Office)
	 	 	 
	 	 	(Address)
	 	 	 
	 	 	(City,
    State, and Zip Code)
	 	 	 
	 	 	Fax
    Number or E-mail Address
	 	 	 
	 	 	Social
    Security/Tax I.D. No.

 

    	 	 	 

    	 	C-1	 

    

 

SCHEDULE
C

 

CANADIAN
QUESTIONNAIRE

 

TO:
ICOX INNOVATIONS INC. (the “Company”)

 

RE:
Stock options (the “Options”) of the Company

 

Capitalized
terms used in this Canadian Questionnaire (this “Questionnaire”) and not specifically defined have the meaning
ascribed to them in the Stock Option Agreement between the undersigned (the “Optionee”) and the Company to
which this Schedule C is attached.

 

All
dollar amounts referred to in this Questionnaire and Appendices A, B and C are in lawful money of Canada, unless otherwise indicated.

 

In
connection with the grant to the Optionee of the Options, the Optionee hereby represents, warrants and certifies to the Company
that the Optionee:

 

	 	(i)	is
    acquiring the Options as principal (or deemed principal under the terms of National Instrument 45-106 – Prospectus
    Exemptions adopted by the Canadian Securities Administrators (“NI 45-106”));

 

	 	(ii)	(A)
    	is
    resident in or is subject to the laws of one of the following (check one):

 

	 	[  ]
    Alberta	[  ]
    New Brunswick	[  ]
    Prince Edward Island
	 	 	 	 
	 	[  ]
    British Columbia	[  ]
    Nova Scotia	[  ]
    Quebec
	 	 	 	 
	 	[  ]
    Manitoba	[  ]
    Ontario	[  ]
    Saskatchewan
	 	 	 	 
	 	[  ]
    Newfoundland and Labrador	 	[  ]
    Yukon
	 	 	 	 
	 	[  ]
    Northwest Territories	 	 

 

or

 

	 	 	(B)	[  ]
    is resident in a country other than Canada or the United States; and

 

	 	(iii)	has
    not been provided with any offering memorandum in connection with the acquisition of the Options.

 

In
connection with the grant of the Options, the Optionee hereby represents, warrants, covenants and certifies that the Optionee
meets one or more of the following criteria:

 

A.
OPTIONEE QUALIFYING UNDER THE EMPLOYEE, DIRECTOR, OFFICER AND CONSULTANT EXEMPTION

 

In
connection with the grant of the Options, the Optionee hereby represents, warrants, covenants and certifies that the Optionee
meets one or more of the following criteria:

 

	 	[  ]	(i)	is an employee, officer or director
    of the Company; or
	 	 	 	 
	 	[  ]	(ii)	is a consultant of the Company who
    provides services to the Company or a related entity of the Company and spends or will spend a significant amount of time
    and attention on the business and affairs of the Company or a related entity of the Company; and has voluntarily agreed to
    the grant of the Options.

 

    	 	 	 

    	 	C-2	 

    

 

B.
OPTIONEES QUALIFYING UNDER THE ACCREDITED INVESTOR EXEMPTION

 

In
connection with the grant of the Options, the Optionee hereby represents, warrants, covenants and certifies that the Optionee
meets one or more of the following criteria:

 

	(a)	_______
    the Optionee is an “accredited investor” within the meaning of NI 45-106, by virtue of satisfying the indicated
    criterion below (YOU MUST INITIAL OR PLACE A CHECK-MARK ON THE APPROPRIATE LINE(S)) (see certain guidance with respect
    to accredited investors that starts on page C-5 below)

 

	 	[  ]	(i)	except
    in Ontario, a person registered under the securities legislation of a jurisdiction of Canada as an adviser or dealer,
	 	 	 	 
	 	[  ]	(ii)	an
    individual registered under the securities legislation of a jurisdiction of Canada as a representative of a person referred
    to in paragraph (i),
	 	 	 	 
	 	[  ]	(iii)	an
    individual formerly registered under the securities legislation of a jurisdiction of Canada, other than an individual formerly
    registered solely as a representative of a limited market dealer under one or both of the Securities Act (Ontario)
    or the Securities Act (Newfoundland and Labrador),
	 	 	 	 
	 	[  ]	(iv)	an
    individual who, either alone or with a spouse, beneficially owns financial assets having an aggregate realizable value that,
    before taxes but net of any related liabilities, exceeds $1,000,000 (YOU MUST ALSO COMPLETE AND SIGN APPENDIX “A”
    TO THIS QUESTIONNAIRE THAT STARTS ON PAGE C-9),
	 	 	 	 
	 	[  ]	(v)	an
    individual who beneficially owns financial assets having an aggregate realizable value that, before taxes but net of any related
    liabilities, exceeds $5,000,000,
	 	 	 	 
	 	[  ]	(vi)	an
    individual whose net income before taxes exceeded $200,000 in each of the 2 most recent calendar years or whose net income
    before taxes combined with that of a spouse exceeded $300,000 in each of the 2 most recent calendar years and who, in either
    case, reasonably expects to exceed that net income level in the current calendar year (YOU MUST ALSO COMPLETE AND SIGN
    APPENDIX “A” TO THIS QUESTIONNAIRE THAT STARTS ON PAGE C-9), or
	 	 	 	 
	 	[  ]	(vii)	an
    individual who, either alone or with a spouse, has net assets of at least $5,000,000 (YOU MUST ALSO COMPLETE AND SIGN APPENDIX
    “A” TO THIS QUESTIONNAIRE THAT STARTS ON PAGE C-9).

 

	(b)	if
                                         the Optionee is an “accredited investor” within the meaning of NI 45-106
                                         by virtue of satisfying the indicated criterion as set out in paragraphs (iv), (vi) or
                                         (vii) above, the Optionee has provided the Company with the signed risk acknowledgment
                                         form set out in Appendix “A” to this Questionnaire;

 

C.
OPTIONEES QUALIFYING UNDER THE FAMILY, FRIENDS AND BUSINESS ASSOCIATES EXEMPTION

 

In
connection with the grant of the Options, the Optionee hereby represents, warrants, covenants and certifies that the Optionee
meets one or more of the following criteria:

 

	(a)	the
                                         Optionee is (YOU MUST PLACE A CHECK-MARK ON THE APPROPRIATE LINE AND PROVIDE THE REQUESTED
                                         INFORMATION, AS APPLICABLE):

 

    	 	 	 

    	 	C-3	 

    

 

	 	[  ]	(i)	a
    director, executive officer or control person of the Company, or of an affiliate of the Company,
	 	 	 	 
	 	[  ]	(ii)	_______
    a close personal friend (see guidance on making this determination that starts on page C-6 below) of ___________________________________
    (print name of person), who is a director, executive officer, founder or control person of the Company, or of an affiliate
    of the Company, and has been for __________________________ years based on                                     
    the                                         
    following factors: ________________________________________________________________
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	(explain
    the nature of the close personal friendship),
	 	 	 	 
	 	[  ]	(iii)	a
    close business associate (see guidance on making this determination that starts on page C-6 below) of ______________________________________
    (print name of person), who is a director, executive officer, founder or control person of the Company, or of an affiliate
    of the Company, and has been for __________________________ years based on the following factors: __________________________
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	___________
    (explain the nature of the close business association),

 

	(b)	if
    the Optionee is resident in the Province of Ontario or is subject to the securities laws of the Province of Ontario, the Optionee
    has provided the Company with a signed risk acknowledgement form in the form attached as Appendix “B” to this
    Questionnaire (YOU MUST ALSO COMPLETE AND SIGN APPENDIX “B” TO THIS QUESTIONNAIRE THAT STARTS ON PAGE C-11),
    or
	 	 
	(c)	if
    the Optionee is resident in the Province of Saskatchewan or is subject to the securities laws of the Province of Saskatchewan,
    and the Optionee is relying on the indicated criterion as set out in subsections C(a)(ii) or C(a)(iii) if the distribution
    is based in whole or in part on a close personal friendship or a close business association, the Optionee has provided the
    Company with a signed risk acknowledgement form in the form attached as Appendix “C” to this Questionnaire (YOU
    MUST ALSO COMPLETE AND SIGN APPENDIX “C” TO THIS QUESTIONNAIRE THAT STARTS ON PAGE C-14); or

 

For
the purposes of this Questionnaire and the appendices attached hereto:

 

	 	(a)	an
    issuer is “affiliated” with another issuer if

 

	 	(i)	one
    of them is the subsidiary of the other, or
	 	 	 
	 	(ii)	each
    of them is controlled by the same person;

 

	 	(b)	“control
    person” means

 

	 	(i)	a
    person who holds a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to affect
    materially the control of the issuer, or
	 	 	 
	 	(ii)	each
    person in a combination of persons, acting in concert by virtue of an agreement, arrangement, commitment or understanding,
    which holds in total a sufficient number of the voting rights attached to all outstanding voting securities of an issuer to
    affect materially the control of the issuer, and, if a person or combination of persons holds more than 20% of the voting
    rights attached to all outstanding voting securities of an issuer, the person or combination of persons is deemed, in the
    absence of evidence to the contrary, to hold a sufficient number of the voting rights to affect materially the control of
    the issuer;

 

    	 	 	 

    	 	C-4	 

    

 

	 	(c)	“director”
    means

 

		(i)	a
                                         member of the board of directors of a company or an individual who performs similar functions
                                         for a company, and

 

		(ii)	with
                                         respect to a person that is not a company, an individual who performs functions similar
                                         to those of a director of a company;

 

	 	(d)	“executive
    officer” means, for an issuer, an individual who is

 

		(i)	a
                                         chair, vice-chair or president,

 

		(ii)	a
                                         vice-president in charge of a principal business unit, division or function including
                                         sales, finance or production, or

 

		(iii)	performing
                                         a policy-making function in respect of the issuer;

 

	 	(e)	“financial
    assets” means

 

		(i)	cash,

 

		(ii)	securities,
                                         or

 

		(iii)	a
                                         contract of insurance, a deposit or an evidence of a deposit that is not a security for
                                         the purposes of securities legislation;

 

	 	(f)	“foreign
    jurisdiction” means a country other than Canada or a political subdivision of a country other than Canada;

 

		(j)	“individual”
                                         means a natural person, but does not include

 

		(i)	a
                                         partnership, unincorporated association, unincorporated syndicate, unincorporated organization
                                         or trust, or

 

		(ii)	a
                                         natural person in the person’s capacity as a trustee, executor, administrator or
                                         personal or other legal representative;

 

		(k)	“jurisdiction”
                                         or “jurisdiction of Canada” means a province or territory of Canada except
                                         when used in the term foreign jurisdiction;

 

	 	(l)	“person”
    includes

 

		(i)	an
                                         individual;

 

		(ii)	a
                                         corporation;

 

		(iii)	a
                                         partnership, trust, fund and an association, syndicate, organization or other organized
                                         group of persons, whether incorporated or not; and

 

		(iv)	an
                                         individual or other person in that person’s capacity as a trustee, executor, administrator
                                         or personal or other legal representative;

 

	 	(m)	“related
    liabilities” means

 

		(i)	liabilities
                                         incurred or assumed for the purpose of financing the acquisition or ownership of financial
                                         assets, or

 

		(ii)	liabilities
                                         that are secured by financial assets; and

 

    	 	 	 

    	 	C-5	 

    

 

	 	(n)	“spouse”
    means, an individual who,

 

		(i)	is
                                         married to another individual and is not living separate and apart within the meaning
                                         of the Divorce Act (Canada), from the other individual,

 

		(ii)	is
                                         living with another individual in a marriage-like relationship, including a marriage-like
                                         relationship between individuals of the same gender, or

 

		(iii)	in
                                         Alberta, is an individual referred to in paragraph (i) or (ii), or is an adult interdependent
                                         partner within the meaning of the Adult Interdependent Relationships Act (Alberta).

 

Guidance
On Accredited Investor Exemptions for Individuals

 

An
individual accredited investor is an individual:

 

		(a)	who,
                                         either alone or with a spouse, beneficially owns financial assets (please see the guidance
                                         below regarding what financial assets are) having an aggregate realizable value that.
                                         before taxes but net of any related liabilities (please see the guidance below regarding
                                         what related liabilities are), exceeds $1,000,000;

 

		(b)	whose
                                         net income before taxes exceeded $200,000 in each of the 2 most recent calendar years
                                         or whose net income before taxes combined with that of a spouse exceeded $300,000 in
                                         each of the 2 most recent calendar years and who, in either case, reasonably expects
                                         to exceed that net income level in the current calendar year;

 

		(c)	who,
                                         either alone or with a spouse, has net assets (please see the guidance below regarding
                                         calculating net assets) of at least $5,000,000; and

 

		(d)	who
                                         beneficially owns financial assets (please see the guidance below regarding what financial
                                         assets are) having an aggregate realizable value that, before taxes but net of any related
                                         liabilities (please see the guidance below regarding what related liabilities are), exceeds
                                         $5,000,000.

 

The
monetary thresholds above are intended to create bright-line standards. Optionees who do not satisfy these monetary thresholds
do not qualify as accredited investors.

 

Spouses

 

Sections
(a), (b) and (c) above are designed to treat spouses as a single investing unit, so that either spouse qualifies as an accredited
investor if the combined financial assets of both spouses exceed $1,000,000, the combined net income of both spouses exceeds $300,000,
or the combined net assets of both spouses exceed $5,000,000. Section (d) above does not treat spouses as a single investing unit.

 

If
the combined net income of both spouses does not exceed $300,000, but the net income of one of the spouses exceeds $200,000, only
the spouse whose net income exceeds $200,000 qualifies as an accredited investor.

 

Financial
Assets and Related Liabilities

 

For
the purposes of Sections (a) and (d) above, “financial assets” means: (1) cash, (2) securities, or (3) a contract
of insurance, a deposit or an evidence of a deposit that is not a security for the purposes of securities legislation. These financial
assets are generally liquid or relatively easy to liquidate. The value of a optionee’s personal residence is not included
in a calculation of financial assets.

 

The
calculation of financial assets must exclude “related liabilities”, meaning: (1) liabilities incurred or assumed
for the purpose of financing the acquisition or ownership of financial assets, or (2) liabilities that are secured by financial
assets.

 

    	 	 	 

    	 	C-6	 

    

 

As
a general matter, it should not be difficult to determine whether financial assets are beneficially owned by an individual, an
individual’s spouse, or both, in any particular instance. However, in the case where financial assets are held in a trust
or in another type of investment vehicle for the benefit of an individual, there may be questions as to whether the individual
beneficially owns the financial assets. The following factors are indicative of beneficial ownership of financial assets:

 

	 	●	physical
    or constructive possession of evidence of ownership of the financial asset;
	 	 	 
	 	●	entitlement
    to receipt of any income generated by the financial asset;
	 	 	 
	 	●	risk
    of loss of the value of the financial asset; and
	 	 	 
	 	●	the
    ability to dispose of the financial asset or otherwise deal with it as the individual sees fit.

 

For
example, securities held in a self-directed RRSP for the sole benefit of an individual are beneficially owned by that individual.

 

In
general, financial assets in a spousal RRSP can be included for the purposes of the $1,000,000 financial asset test in Section
(a) above because Section (a) takes into account financial assets owned beneficially by a spouse. However, financial assets in
a spousal RRSP cannot be included for purposes of the $5,000,000 financial asset test in Section (d) above.

 

Financial
assets held in a group RRSP under which the individual does not have the ability to acquire the financial assets and deal with
them directly do not meet the beneficial ownership requirements in either Sections (a) or (d) above.

 

Guidance
on Close Personal Friend and Close Business Associate Determination

 

A
“close personal friend” of a director, executive officer, founder or control person of an issuer is an individual
who knows the director, executive officer, founder or control person well enough and has known them for a sufficient period of
time to be in a position to assess their capabilities and trustworthiness and to obtain information from them with respect to
the investment.

 

The
following factors are relevant to this determination:

 

		(a)	the
                                         length of time the individual has known the director, executive officer, founder or control
                                         person,

 

		(b)	the
                                         nature of the relationship between the individual and the director, executive officer,
                                         founder or control person including such matters as the frequency of contacts between
                                         them and the level of trust and reliance in the other circumstances, and

 

		(c)	the
                                         number of “close personal friends” of the director, executive officer, founder
                                         or control person to whom securities have been distributed in reliance on the private
                                         issuer exemption or the family, friends and business associates exemption.

 

An
individual is not a close personal friend solely because the individual is:

 

		(a)	a
                                         relative,

 

		(b)	a
                                         member of the same club, organization, association or religious group,

 

		(c)	a
                                         co-worker, colleague or associate at the same workplace,

 

		(d)	a
                                         client, customer, former client or former customer,

 

		(e)	a
                                         mere acquaintance, or

 

		(f)	connected
                                         through some form of social media, such as Facebook, Twitter or LinkedIn.

 

    	 	 	 

    	 	C-7	 

    

 

The
relationship between the individual and the director, executive officer, founder or control person must be direct. For example,
the exemption is not available to a close personal friend of a close personal friend of a director of the issuer. Further, a relationship
that is primarily founded on participation in an internet forum is not considered to be that of a close personal friend.

 

A
“close business associate” is an individual who has had sufficient prior business dealings with a director,
executive officer, founder or control person of the issuer to be in a position to assess their capabilities and trustworthiness
and to obtain information from them with respect to the investment.

 

The
following factors are relevant to this determination:

 

		(a)	the
                                         length of time the individual has known the director, executive officer, founder or control
                                         person,

 

		(b)	the
                                         nature of any specific business relationships between the individual and the director,
                                         executive officer, founder or control person, including, for each relationship, when
                                         it began, the frequency of contact between them and when it terminated if it is not ongoing,
                                         and the level of trust and reliance in the other circumstances,

 

		(c)	the
                                         nature and number of any business dealings between the individual and the director, executive
                                         officer, founder or control person, the length of the period during which they occurred,
                                         and the nature and date of the most recent business dealing, and

 

		(d)	the
                                         number of “close business associates” of the director, executive officer,
                                         founder or control person to whom securities have been distributed in reliance on the
                                         private issuer exemption or the family, friends and business associates exemption.

 

An
individual is not a close business associate solely because the individual is:

 

		(a)	a
                                         member of the same club, organization, association or religious group,

 

		(b)	a
                                         co-worker, colleague or associate at the same workplace,

 

		(c)	a
                                         client, customer, former client or former customer,

 

		(d)	a
                                         mere acquaintance, or

 

		(e)	connected
                                         through some form of social media, such as Facebook, Twitter or LinkedIn.

 

The
relationship between the individual and the director, executive officer, founder or control person must be direct. For example,
the exemptions are not available for a close business associate of a close business associate of a director of the issuer. Further,
a relationship that is primarily founded on participation in an internet forum is not considered to be that of a close business
associate.

 

The
Optionee acknowledges and agrees that, in addition to resale restrictions imposed under U.S. securities laws, there are additional
restrictions on the Optionee’s ability to resell the Securities under Canadian securities laws and National Instrument 45-102
as adopted by the Canadian Securities Administrators;

 

The
Optionee agrees that the above representations and warranties will be true and correct both as of the execution of this Questionnaire
acknowledges that they will survive the completion of the issue of the Option.

 

    	 	 	 

    	 	C-8	 

    

 

The
Optionee acknowledges that the foregoing representations and warranties are made by the Optionee with the intent that they be
relied upon in determining the suitability of the Optionee to acquire the Options and that this Questionnaire is incorporated
into and forms part of the Agreement and the undersigned undertakes to immediately notify the Company of any change in any statement
or other information relating to the Optionee set forth herein which takes place prior to the closing time of the grant of the
Options.

 

The
Optionee undertakes to immediately notify the Company of any change in any statement or other information relating to the Optionee
set forth in the Agreement or in this Questionnaire which takes place prior to the issuance of the Options.

 

By
completing this Questionnaire, the Optionee authorizes the indirect collection of this information by each applicable regulatory
authority or regulator and acknowledges that such information is made available to the public under applicable laws.

 

DATED
as of ________ day of _________________, 20____.

 

	 	 	 
	 	 	Print
    Name of Optionee
	 	 	 
	 	 	 
	 	 	Signature

 

    	 	 	 

    	 	C-9	 

    

 

APPENDIX
“A”

TO CANADIAN QUESTIONNAIRE

 

Form
45-106F9

	WARNING!

         

        This
        investment is risky. Don’t invest unless you can afford to lose all the money you pay for this investment.

 

	SECTION
    1 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	1.
    About your investment
	Type
    of securities: Stock Options	Issuer:
    ICOX INNOVATIONS INC. (the “Issuer”)
	Purchased
    from: The Issuer.
	SECTIONS
    2 TO 4 TO BE COMPLETED BY THE PURCHASER
	2.
    Risk acknowledgement
	This
    investment is risky. Initial that you understand that:	Your

    initials
	Risk
    of loss – You could lose your entire investment of US$_______. [Instruction: Insert the total dollar amount of the investment.]	 
	Liquidity
    risk – You may not be able to sell your investment quickly – or at all.	 
	Lack
    of information – You may receive little or no information about your investment.	 
	Lack
    of advice – You will not receive advice from the salesperson about whether this investment is suitable for you unless
    the salesperson is registered. The salesperson is the person who meets with, or provides information to, you about making
    this investment. To check whether the salesperson is registered, go to www.aretheyregistered.ca.	 
	3.
    Accredited investor status
	You
    must meet at least one of the following criteria to be able to make this investment. Initial the statement that applies to
    you. (You may initial more than one statement.) The person identified in section 6 is responsible for ensuring that you meet
    the definition of accredited investor. That person, or the salesperson identified in section 5, can help you if you have questions
    about whether you meet these criteria.	Your

                                         initials

                                                                                 

	●	Your
    net income before taxes was more than $200,000 in each of the 2 most recent calendar years, and you expect it to be more than
    $200,000 in the current calendar year. (You can find your net income before taxes on your personal income tax return.)	 
	●	Your
    net income before taxes combined with your spouse’s was more than $300,000 in each of the 2 most recent calendar years,
    and you expect your combined net income before taxes to be more than $300,000 in the current calendar year.	 
	●	Either
    alone or with your spouse, you own more than $1 million in cash and securities, after subtracting any debt related to the
    cash and securities.	 
	●	Either
    alone or with your spouse, you have net assets worth more than $5 million. (Your net assets are your total assets (including
    real estate) minus your total debt.)	 

 

    	 	 	 

    	 	C-10	 

    

 

	4.
    Your name and signature
	By
    signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified
    in this form.
	First
    and last name (please print):
	Signature:	Date:
	SECTION
    5 TO BE COMPLETED BY THE SALESPERSON
	5.
    Salesperson information
	[Instruction:
    The salesperson is the person who meets with, or provides information to, the purchaser with respect to making this investment.
    That could include a representative of the issuer or selling security holder, a registrant or a person who is exempt from
    the registration requirement.]
	First
    and last name of salesperson (please print):
	Telephone:	Email:
	Name
    of firm (if registered):
	SECTION
    6 TO BE COMPLETED BY THE ISSUER OR SELLING SECURITY HOLDER
	6.
    For more information about this investment
	ICOX
    INNOVATIONS INC.
	4101
    Redwood Avenue, Building F

    Los Angeles, CA 90066
	Attn:
    Michael Blum
	Telephone:
    213.675.5300
	Email:
    Michael.blum@icoxinnovations.com
	 
	For
    more information about prospectus exemptions, contact your local securities regulator. You can find contact information at
    www.securities-administrators.ca.

 

	Form
    instructions:

 

	1.	This
    form does not mandate the use of a specific font size or style but the font must be legible
	 	 
	2.	The
    information in sections 1, 5 and 6 must be completed before the purchaser completes and signs the form.
	 	 
	3.	The
    purchaser must sign this form. Each of the purchaser and the issuer or selling security holder must receive a copy of this
    form signed by the purchaser. The issuer or selling security holder is required to keep a copy of this form for 8 years after
    the distribution.

 

    	 	 	 

    	 	C-11	 

    

 

APPENDIX
“B” TO CANADIAN QUESTIONNAIRE

Form 45-106F12

 

RISK
ACKNOWLEDGEMENT FORM FOR FAMILY, FRIEND AND

BUSINESS ASSOCIATE INVESTORS

 

	WARNING!

         

        This
        investment is risky. Don’t invest unless you can afford to lose all the money you pay for this investment.

 

	SECTION
    1 TO BE COMPLETED BY THE ISSUER
	1.
    About your investment
	Type
    of securities: Stock Options	Issuer:
    ICOX Innovations Inc. (the “Issuer”)

	SECTIONS
    2 TO 4 TO BE COMPLETED BY THE PURCHASER
	2.
    Risk acknowledgement
	This
    investment is risky. Initial that you understand that:	Your
    initials
	Risk
    of loss – You could lose your entire investment of US$______________. 

    [Instruction: Insert the total dollar amount of the investment.]	 
	Liquidity
    risk – You may not be able to sell your investment quickly – or at all.	 
	Lack
    of information – You may receive little or no information about your investment. The information you receive may
    be limited to the information provided to you by the family member, friend or close business associate specified in section
    3 of this form.	 
	3.
    Family, friend or business associate status
	You
    must meet one of the following criteria to be able to make this investment. Initial the statement that applies to you:	Your
    initials
	A)
    You are:	 
	 	1)	[check
    all applicable boxes]	 
	 	 	 	 	 
	 	 	[  ]	a director of the
    issuer or an affiliate of the issuer	 
	 	 	 	 	 
	 	 	[  ]	an executive officer
    of the issuer or an affiliate of the issuer	 
	 	 	 	 	 
	 	 	[  ]	a control person of
    the issuer or an affiliate of the issuer	 
	 	 	 	 	 
	 	 	[  ]	a founder of the issuer	 
	 	 	 	 	 
	OR	 	 	 	 
	 	 	 	 	 
	 	2)	[check
    all applicable boxes]	 
	 	 	 	 	 
	 	 	[  ]	a person of which
    a majority of the voting securities are beneficially owned by, or a majority of the directors are, (i) individuals listed
    in (1) above and/or (ii) family members, close personal friends or close business associates of individuals listed in (1)
    above	 
	 	 	 	 	 
	 	 	[  ]	a
    trust or estate of which all of the beneficiaries or a majority of the trustees or executors are (i) individuals listed in
    (1) above and/or (ii) family members, close personal friends or close business associates of individuals listed in (1) above	 

 

    	 	 	 

    	 	C-12	 

    

 

	B)
                                         You are a family member of _____________________________________ [Instruction: Insert
                                         the name

                                                                                              of
                                         the person who is your relative either directly or through his or her spouse], who
                                         holds the following position at the issuer or an affiliate of the issuer:____________________________________________.

         

        You
        are the __________________ of that person or that person’s spouse.

         

        [Instruction:
        To qualify for this investment, you must be (a) the spouse of the person listed above or (b) the parent, grandparent,
        brother, sister, child or grandchild of that person or that person’s spouse.]
	 
	C)
                                         You are a close personal friend of ___________________________ [Instruction: Insert
                                         the name of your close personal friend], who holds the following position at the
                                         issuer or an affiliate of the issuer: ________________________________.

         

        You
        have known that person for ________ years.
	 
	D)
                                         You are a close business associate of _______________________________________ [Instruction:
                                         Insert the name of your close business associate], who holds the following position
                                         at the issuer or an affiliate of the issuer: ________________________.

         

        You
        have known that person for ________ years.
	 
	4.
    Your name and signature
	By
    signing this form, you confirm that you have read this form and you understand the risks of making this investment as identified
    in this form. You also confirm that you are eligible to make this investment because you are a family member, close personal
    friend or close business associate of the person identified in section 5 of this form.	 
	
     First     and last name (please print): 
	Signature:
    	Date:
	SECTIONS
    5 TO BE COMPLETED BY PERSON WHO CLAIMS THE CLOSE PERSONAL RELATIONSHIP, IF APPLICABLE
	5.
    Contact person at the issuer or an affiliate of the issuer
	[Instruction:
                                         To be completed by the director, executive officer, control person or founder with whom
                                         the purchaser has a close personal relationship indicated under sections 3B, C or D of
                                         this form.]

         

        By
        signing this form, you confirm that you have, or your spouse has, the following relationship with the purchaser: [check
        the box that applies]

         

        [  ]
        family relationship as set out in section 3B of this form

         

        [  ]
        close personal friendship as set out in section 3C of this form

         

        [  ]
        close business associate relationship as set out in section 3D of this form

	First
    and last name of contact person (please print): 
	Position
    with the issuer or affiliate of the issuer (director, executive officer, control person or founder):
	Telephone:	Email:
	Signature:	Date:

 

    	 	 	 

    	 	C-13	 

    

 

	SECTIONS
    6 TO BE COMPLETED BY THE ISSUER
	6.
    For more information about this investment
	

                                                                                 

                                                                                ICOX
                                         INNOVATIONS INC.

                                                                                4101 Redwood Avenue, Building F

                                         Los Angeles, CA 90066

                                                                                Attn: Michael Blum

                                                                                Telephone: 213.675.5300

                                                                                Email: Michael.blum@icoxinnovations.com

                                                                                 For more information about prospectus
                                         exemptions, contact your local securities regulator. You can find contact information
                                         at www.securities-administrators.ca.

                                                                                 

	Signature
    of executive officer of the issuer (other than the purchaser):	Date:

 

Form
instructions:

 

		1.	This
                                         form does not mandate the use of a specific font size or style but the font must be legible.

 

		2.	The
                                         information in sections 1, 5 and 6 must be completed before the purchaser completes and
                                         signs the form .

 

		3.	The
                                         purchaser, an executive officer who is not the purchaser and, if applicable, the person
                                         who claims the close personal relationship to the purchaser must sign this form. Each
                                         of the purchaser, contact person at the issuer and the issuer must receive a copy of
                                         this form signed by the purchaser. The issuer is required to keep a copy of this form
                                         for 8 years after the distribution.

 

		4.	The
                                         detailed relationships required to purchase securities under this exemption are set out
                                         in section 2.5 of National Instrument 45-106 Prospectus and Registration Exemptions.
                                         For guidance on the meaning of “close personal friend” and “close business
                                         associate”, please refer to sections 2.7 and 2.8, respectively, of Companion Policy
                                         45-106CP Prospectus and Registration Exemptions.

 

    	 	 	 

    	 	C-14	 

    

 

APPENDIX
“C” TO CANADIAN QUESTIONNAIRE

 

Form
45-106F5

 

RISK
ACKNOWLEDGEMENT

SASKATCHEWAN CLOSE PERSONAL FRIENDS AND CLOSE BUSINESS ASSOCIATES

 

 

You
are buying Exempt Market Securities. They are called exempt market securities because two parts of securities law do
not apply to them. If an issuer wants to sell exempt market securities to you:

 

		●	the
                                         issuer does not have to give you a prospectus (a document that describes the investment
                                         in detail and gives you some legal protections), and

 

		●	the
                                         securities do not have to be sold by an investment dealer registered with a securities
                                         regulatory authority or regulator.

 

There
are restrictions on your ability to resell exempt market securities. Exempt market securities are more risky than other
securities.

 

You
may not receive any written information about the issuer or its business. If you have any questions about the issuer or its
business, ask for written clarification before you purchase the securities. You should consult your own professional advisers
before investing in the securities.

 

The
securities you are buying are not listed. The securities you are buying are not listed on any stock exchange, and they may
never be listed. There may be no market for these securities. You may never be able to sell these securities.

 

For
more information on the exempt market, refer to the Saskatchewan Financial Services Commission’s website at http://www.sfsc.gov.sk.ca.

 

[Instruction:
The purchaser must sign 2 copies of this form. The purchaser and the issuer must each receive a signed copy.]

 

    	 	 	 

    	 	D-1	 

    

 

SCHEDULE
D

 

UNITED
STATES ACCREDITED INVESTOR QUESTIONNAIRE

 

Capitalized
terms used in this United States Accredited Investor Questionnaire (this “Questionnaire”) and not specifically
defined have the meaning ascribed to them in the Stock Option Agreement between the undersigned (the “Optionee”)
and ICOX Innovations Inc. (the “Company”) to which this Schedule D is attached.

 

All
dollar amounts referred to in this Questionnaire are in lawful money of the United States, unless otherwise indicated.

 

The
Optionee covenants, represents and warrants to the Company that he or she satisfies one or more of the categories of “Accredited
Investors”, as defined by Regulation D promulgated under the Securities Act of 1933 (the “Securities Act”),
as indicated below: (Please initial in the space provide those categories, if any, of an “Accredited Investor” which
the Optionee satisfies)

 

	 	______ 	Category
    1	An
    organization described in Section 501(c)(3) of the United States Internal Revenue Code, a corporation, a Massachusetts or
    similar business trust or partnership, not formed for the specific purpose of acquiring the Securities, with total assets
    in excess of $5,000,000;
	 	 	 	 
	 	______	Category
    2	A
    natural person whose individual net worth, or joint net worth with that person’s spouse, exceeds $1,000,000. For purposes
    of this Category 2, “net worth” means the excess of total assets at fair market value (including personal and
    real property, but excluding the estimated fair market value of a person’s primary home) over total liabilities. Total
    liabilities excludes any mortgage on the primary home in an amount of up to the home’s estimated fair market value as
    long as the mortgage was incurred more than 60 days before the Securities are acquired, but includes (i) any mortgage amount
    in excess of the home’s fair market value and (ii) any mortgage amount that was borrowed during the 60-day period before
    the date of the acquisition of Securities for the purpose of investing in the Securities;
	 	 	 	 
	 	______	Category
    3	A
    natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with
    that person’s spouse in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same
    income level in the current year;
	 	 	 	 
	 	______	Category
    4	A
    “bank” as defined under Section (3)(a)(2) of the Securities Act or savings and loan association or other institution
    as defined in Section 3(a)(5)(A) of the Securities Act acting in its individual or fiduciary capacity; a broker dealer registered
    pursuant to Section 15 of the Securities Exchange Act of 1934 (United States); an insurance company as defined in Section
    2(13) of the Securities Act; an investment company registered under the Investment Company Act of 1940 (United States)
    or a business development company as defined in Section 2(a)(48) of such Act; a Small Business Investment Company licensed
    by the U.S. Small Business Administration under Section 301(c) or (d) of the Small Business Investment Act of 1958
    (United States); a plan with total assets in excess of $5,000,000 established and maintained by a state, a political subdivision
    thereof, or an agency or instrumentality of a state or a political subdivision thereof, for the benefit of its employees;
    an employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 (United States)
    whose investment decisions are made by a plan fiduciary, as defined in Section 3(21) of such Act, which is either a bank,
    savings and loan association, insurance company or registered investment adviser, or if the employee benefit plan has total
    assets in excess of $5,000,000, or, if a self-directed plan, whose investment decisions are made solely by persons that are
    accredited investors;

 

    	 	 	 

    	 	D-2	 

    

 

	 	______ 	Category
    5	A
    private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940 (United
    States);
	 	 	 	 
	 	______	Category
    6	A
    director or executive officer of the Company;
	 	 	 	 
	 	______	Category
    7	A
    trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the Securities, whose purchase
    is directed by a sophisticated person as described in Rule 506(b)(2)(ii) under the Securities Act;
	 	 	 	 
	 	______	Category
    8	An
    entity in which all of the equity owners satisfy the requirements of one or more of the foregoing categories;

 

Note
that the Optionee claiming to satisfy one of the above categories of Accredited Investor may be required to supply the Company
with a balance sheet, prior years’ federal income tax returns or other appropriate documentation to verify and substantiate
the Optionee’s status as an Accredited Investor.

 

If
the Optionee is an entity which initialled the last category in reliance upon the Accredited Investor categories above, state
the name, address, total personal income from all sources for the previous calendar year, and the net worth (exclusive of home,
home furnishings and personal automobiles) for each equity owner of the said entity:

 

All
information contained in this Questionnaire will be treated as confidential. However, by signing and returning this Questionnaire,
the Optionee agrees that, if necessary, this Questionnaire may be presented to such parties as the Company deems appropriate to
establish the availability, under the Securities Act or applicable state securities law, of exemption from registration in connection
with the issuance of the Securities hereunder.

 

By
completing this Questionnaire, the Optionee authorizes the indirect collection of this information by each applicable regulatory
authority or regulator and acknowledges that such information is made available to the public under applicable laws.

 

DATED
as of _______ day of _________________, 20____.

 

	 	 	 
	 	 	Print
    Name of Optionee
	 	 	 
	 	 	 
	 	 	Signature
	 	 	 
	 	 	 
	 	 	Social
    Security/Tax I.D. No.

 

    	 	 	 

    	 	E-1	 

    

 

SCHEDULE
E

 

UNITED
STATES NON-ACREDITED INVESTOR QUESTIONNAIRE

 

Capitalized
terms used in this United States Non-Accredited Investor Questionnaire (this “Questionnaire”) and not specifically
defined have the meaning ascribed to them in the Stock Option Agreement between the undersigned (the “Optionee”)
and ICOX Innovations Inc. (the “Company”) to which this Schedule E is attached.

 

All
dollar amounts referred to in this Questionnaire are in lawful money of the United States, unless otherwise indicated.

 

The
purpose of this Questionnaire is to assure the Company that the Optionee will meet the standards imposed by the Securities Act
of 1933 (the “Securities Act”) and the appropriate exemptions of applicable state securities laws. The Company
will rely on the information contained in this Questionnaire for the purposes of such determination. The Option and the Optioned
Shares (together, the “Securities”) will not be registered under the Securities Act and has been issued in
reliance upon the exemption from registration afforded by Section 3(b) and/or Section 4(a)(2) of the Securities Act and/or Regulation
D promulgated thereunder. This Questionnaire is not an offer of any securities of the Company in any state other than those specifically
authorized by the Company.

 

Please
attach additional pages if necessary to answer any question fully.

 

REPRESENTATIONS
OF OPTIONEE

 

This
item is presented in alternative form. Please initial in the space provided the applicable alternative.

 

	_____	ALTERNATIVE
    ONE: The Optionee covenants, represents and warrants to the Company that he or she has such knowledge and experience in financial
    and business matters that he or she is capable of evaluating the relative merits and risks of an investment in the Securities
    and Company and is not utilizing a purchaser representative in connection with evaluating such merits and risks. The Optionee
    is providing evidence of its knowledge and experience in these matters through the information requested below in this Questionnaire.
	 	 
	_____	ALTERNATIVE
    TWO: The Optionee covenants, represents and warrants to the Company that he or she has chosen to use the services of a purchaser
    representative acceptable to the Optionee in connection with the Optionee’s acquisition of the Securities. The Optionee
    hereby acknowledges that the person named below is his or her purchaser representative who will assist and advise the Optionee
    in evaluating the merits and risks of an investment in the Securities and the Company and affirms that such purchaser representative
    has previously disclosed in writing any material relationship that exists between the purchaser representative (or its affiliates)
    and the Company (or its affiliates) that is mutually understood to be contemplated, or that has existed at any time during
    the previous two years, and any compensation received or to be received as a result of such relationship.
	 	 
	 	 
	 	(name
    of Purchaser Representative)
	 	 
	 	 
	 	(address
    of Purchaser Representative)
	 	 
	 	If
    the Optionee utilizes a purchaser representative, this Questionnaire must be accompanied by a completed and signed purchaser
    representative Questionnaire, a copy of which can be obtained from the Company upon request.

 

    	 	 	 

    	 	E-2	 

    

 

FOR
INDIVIDUAL INVESTORS

 

	1.	Name:
    	 
	 	 	          
	2.	Residential
    Address & Telephone Number: 
	 	 
	 	 

 

	3.	Length
    of Residence in State of Residence: 	 

 

	4.	U.S.
    Citizen: _____ Yes _____ No

 

	5.	Social
    Security Number: 	 

 

	6.	Business
    Address & Telephone Number: 	 
	 	 
	 	 

 

	7.	Preferred
    Mailing Address: _____ Residence _____ Business

 

	8.	Date
    of Birth: 	 

 

	9.	Employer
    and Position: 	 

 

	10.	Name
    of Business: 	 

 

	11.	Business
    or Professional Education and Degrees:	 	 	 	 

 

	 	School	 	Degree	 	Year
    Received
	 	 
	 	 
	 	 	 	 	 	 
	12.	Prior
    Employment (last 5 years):	 	 	 	 
	 	 	 	 	 	 
	 	Employer	 	Nature
    of Duties	 	Dates
    of Employment
	 	 
	 	 
	 	 
	 	 

 

    	 	 	 

    	 	E-3	 

    

 

13.     Relationship
to the Company, if any: ________________________________________________________

 

	14.	Is
    the Optionee an officer of director of a publicly-held company?

 

	____	Yes	____	No

 

If
yes, specify company: __________________________________________________________________

 

	15.	Does
                                         the Optionee beneficially own 10% or more of the voting securities of a publicly-held
                                         company?

 

	____	Yes	_____	No

 

If
yes, specify company: __________________________________________________________________

 

	16.	Within
                                         the last 5 years, has the Optionee personally invested in investments sold by means of
                                         private placements in reliance on exemptions from registration under the Securities Act
                                         and state securities laws?

 

	____	Yes	_____	No

 

	17.	Prior
                                         investments by the Optionee which were purchased in reliance on exemptions from registration
                                         under the Securities Act and State securities laws (initial the highest number applicable):

 

Amount
(Cumulative)

 

	Real
    Estate:	 	Up
    to	 	$50,000
    to	 	Over
	None:
    _____	 	$50,000
    _____	 	$250,000
    _____	 	$250,000
    _____
	 	 	 	 	 	 	 
	Securities:	 	Up
    to	 	$50,000
    to	 	Over
	None:
    _____	 	$50,000
    _____	 	$250,000
    _____	 	$250,000
    _____
	 	 	 	 	 	 	 
	Other:	 	Up
    to	 	$50,000
    to	 	Over
	None:
    _____	 	$50,000
    _____	 	$250,000
    _____	 	$250,000
    _____

 

	18.	Does
    the Optionee consider itself to be an experienced and sophisticated investor?

 

	____	Yes	_____	No

 

	 	If
    so, please provide evidence of investment sophistication and/or experience:
	 	 
	 	 

 

	19.	Does
                                         the Optionee, or any person authorized to execute this Questionnaire, consider itself
                                         to have such knowledge of the Company and its business and such experience in financial
                                         and business matters to enable it to evaluate the merits and risks of an investment in
                                         the Securities and the Company, should the Optionee be given an opportunity to so invest?

 

	____	Yes	_____	No

 

    	 	 	 

    	 	E-4	 

    

 

	20.	If
                                         the Optionee is an individual, please indicate the Optionee’s and his/her spouse’s
                                         combined gross income during the preceding two years (initial the highest number applicable):

 

	 	2017	 	 	2016
	 	 	 	 	 
	_____	Less
    than $75,000	 	_____	Less
    than $75,000
	 	 	 	 	 
	_____	$75,001
    to $100,000	 	_____	$75,001
    to $100,000
	 	 	 	 	 
	_____	$100,001
    to $200,000	 	_____	$100,001
    to $200,000
	 	 	 	 	 
	_____	$200,001
    to $300,000	 	_____	$200,001
    to $300,000
	 	 	 	 	 
	_____	$Over
    $300,000	 	_____	$Over
    $300,000

 

		21.	If
                                         the Optionee is an individual, please indicate the Optionee’s and his/her spouse’s
                                         combined estimated net worth (exclusive of home, home furnishings and personal automobiles)
                                         (initial the highest number applicable):

 

	_____	Less
    than $100,000	 	_____	$300,0001
    to $500,000
	 	 	 	 	 
	_____	$100,001
    to $200,000	 	_____	$500,001
    to $1,000,000
	 	 	 	 	 
	_____	$200,001
    to $300,000	 	_____	Over
    $1,000,000

 

	22.	Regardless
    of the amount of the proposed investment:

 

		(a)	Will
                                         the Optionee’s proposed investment exceed 10% of its individual net worth, or the
                                         Optionee’s joint net worth with its spouse as determined in paragraph 21 above?

 

	____	Yes	_____	No

 

		(b)	Will
                                         the Optionee be able to bear the economic risk of its investment in this transaction?

 

	____	Yes	_____	No

 

	23.	Please
                                         provide answers to the following questions.

 

	 	(a)	State
    total assets of the Optionee, including cash, stocks and bonds, automobiles, real estate, and any other assets:
	 	 	 	 
	 	 	$	       
	 	 	 	 
	 	(b)	State
    total liabilities of the Optionee including real estate indebtedness, accounts payable, taxes payable and any other liabilities:
	 	 	 	 
	 	 	$	 
	 	 	 	 
	 	(c)	State
    annual income of the Optionee including salary, securities income, rental income and any other income:
	 	 	 	 
	 	 	$	 

 

    	 	 	 

    	 	E-5	 

    

 

	 	(d)	State
    annual expenses of the Optionee, excluding ordinary living expenses, including real estate payments, rent, property taxes
    and other expenses:
	 	 	 	 
	 	 	$	     
	 	 	 	 
	 	(e)	Does
    the Optionee expect the amount of its assets, liabilities, income and expenses, as stated above, to be subject to significant
    change in the future:

 

	____	Yes	_____	No

 

	 	If
    yes, explain:
	 	 
	 	 

 

All
information contained in this Questionnaire will be treated as confidential. However, by signing and returning this Questionnaire,
the Optionee agrees that, if necessary, this Questionnaire may be presented to such parties as the Company deems appropriate to
establish the availability, under the Securities Act or applicable state securities law, of exemption from registration in connection
with the issuance of the Securities hereunder.

 

By
completing this Questionnaire, the Optionee authorizes the indirect collection of this information by each applicable regulatory
authority or regulator and acknowledges that such information is made available to the public under applicable laws.

 

DATED
as of _______ day of __________, 20____.

 

	 	 	 
	 	 	Print
    Name of Optionee
	 	 	 
	 	 	 
	 	 	Signature
	 	 	 
	 	 	 
	 	 	Social
    Security/Tax I.D. No.

 

    	 	 	 

    	 	F-1	 

    

 

SCHEDULE
F

 

ACKNOWLEDGEMENTS
and Representations and warranties OF THE OPTIONEE

 

Capitalized
terms used in this Acknowledgements and Representations and Warranties of the Optionee and not specifically defined have the meaning
ascribed to them in the Stock Option Agreement between the undersigned (the “Optionee”) and ICOX Innovations
Inc. (the “Company”) to which this Schedule F is attached.

 

The
Optionee acknowledges and agrees that:

 

		(a)	the
                                         Securities have not been registered under the 1933 Act or under any state securities
                                         or “blue sky” laws of any state of the United States, and are being offered
                                         only in a transaction not involving any public offering within the meaning of the 1933
                                         Act, and, unless so registered, may not be offered or sold in the United States or to
                                         U.S. Persons, except pursuant to an effective registration statement under the 1933 Act,
                                         or pursuant to an exemption from, or in a transaction not subject to, the registration
                                         requirements of the 1933 Act, and in each case only in accordance with applicable state
                                         securities laws;

 

		(b)	the
                                         Company will refuse to register any transfer of the Securities not made in accordance
                                         with the provisions of Regulation S, pursuant to an effective registration statement
                                         under the 1933 Act or pursuant to an available exemption from, or in a transaction not
                                         subject to, the registration requirements of the 1933 Act;

 

		(c)	the
                                         decision to execute this Agreement and acquire the Securities hereunder has not been
                                         based upon any oral or written representation as to fact or otherwise made by or on behalf
                                         of the Company and such decision is based solely upon a review of publicly available
                                         information regarding the Company that is available on the website of the United States
                                         Securities and Exchange Commission (the “SEC”) at www.sec.gov (the
                                         “Company Information”);

 

		(d)	there
                                         are risks associated with an investment in the Securities;

 

		(e)	the
                                         Optionee and the Optionee’s advisor(s) (if applicable) have had a reasonable opportunity
                                         to ask questions of and receive answers from the Company in connection with the distribution
                                         of the Securities hereunder, and to obtain additional information, to the extent possessed
                                         or obtainable without unreasonable effort or expense, necessary to verify the accuracy
                                         of the information about the Company;

 

		(f)	the
                                         books and records of the Company were available upon reasonable notice for inspection,
                                         subject to certain confidentiality restrictions, by the Optionee during reasonable business
                                         hours at its principal place of business, and all documents, records and books in connection
                                         with the distribution of the Securities hereunder have been made available for inspection
                                         by the Optionee, the Optionee’s attorney and/or advisor(s) (if applicable);

 

		(g)	the
                                         Company, its officers, directors, counsel and agents are entitled to rely upon the truth
                                         and accuracy of the acknowledgements, representations, warranties, statements, answers,
                                         covenants and agreements contained in this Agreement and agrees that if any of such acknowledgements,
                                         representations, warranties, statements, answers, covenants, and agreements should become,
                                         by the passage of time after the date of this Agreement, no longer accurate or should
                                         be breached, the Optionee shall promptly notify the Company, and the Optionee will hold
                                         harmless the Company from any loss or damage it may suffer as a result of the Optionee’s
                                         failure to correctly complete or comply with the terms of this Agreement;

 

    	 	 	 

    	 	F-2	 

    

 

		(h)	the
                                         Optionee has been advised to consult its own legal, tax and other advisors with respect
                                         to the merits and risks regarding the exercise of the Options and the issuance of the
                                         Optioned Shares and with respect to applicable resale restrictions and it is solely responsible
                                         (and the Company is in not any way responsible) for compliance with applicable resale
                                         restrictions;

 

		(i)	the
                                         Company has advised the Optionee that the Company is relying on an exemption from the
                                         registration and prospectus requirements of applicable securities laws and, as a consequence
                                         of acquiring the Securities pursuant to this exemption, certain protections, rights and
                                         remedies provided by the applicable securities laws, including statutory rights of rescission
                                         or damages, will not be available to the Optionee;

 

		(j)	the
                                         Optionee will indemnify and hold harmless the Company and, where applicable, its directors,
                                         officers, employees, agents, advisors and shareholders, from and against any and all
                                         loss, liability, claim, damage and expense whatsoever (including, but not limited to,
                                         any and all fees, costs and expenses whatsoever reasonably incurred in investigating,
                                         preparing or defending against any claim, lawsuit, administrative proceeding or investigation
                                         whether commenced or threatened) arising out of or based upon any representation or warranty
                                         of the Optionee contained herein or in any document furnished by the Optionee to the
                                         Company in connection herewith being untrue in any material respect or any breach or
                                         failure by the Optionee to comply with any covenant or agreement made by the Optionee
                                         to the Company in connection therewith;

 

		(k)	the
                                         Securities are not listed on any stock exchange or automated dealer quotation system
                                         and no representation has been made to the Optionee that any of the Securities will become
                                         listed on any stock exchange or automated dealer quotation system, except that currently
                                         certain market makers make market in the shares of the Company’s common stock on
                                         the OTC Pink;

 

		(l)	neither
                                         the SEC nor any other securities commission or similar regulatory authority has reviewed
                                         or passed on the merits of the Securities;

 

		(m)	no
                                         documents in connection with this Agreement have been reviewed by the SEC or any state
                                         securities administrators;

 

		(n)	there
                                         is no government or other insurance covering any of the Securities; and

 

		(o)	this
                                         Agreement is not enforceable by the Optionee unless it has been accepted by the Company.

 

REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE OPTIONEE

 

The
Optionee hereby represents and warrants to and covenants with the Company (which representations, warranties and covenants shall
survive the closing) that:

 

		(a)	the
                                         Optionee is a bona fide director, officer, employee, independent contractor or consultant
                                         of the Company, Parent or Subsidiary;

 

		(b)	unless
                                         the Optionee has completed Schedule D or E, the Optionee is not acquiring the Securities
                                         for the account or benefit of, directly or indirectly, any U.S. Person;

 

		(b)	unless
                                         the Optionee has completed Schedule D or E, the Optionee is not a U.S. Person;

 

		(c)	the
                                         acquisition of the Securities by the Optionee as contemplated in this Agreement complies
                                         with or is exempt from the applicable securities legislation of the jurisdiction of residence
                                         of the Optionee;

 

    	 	 	 

    	 	F-3	 

    

 

		(d)	the
                                         Optionee has not acquired or is not acquiring the Securities as a result of, and will
                                         not itself engage in, any “directed selling efforts” (as defined in Regulation
                                         S under the 1933 Act) in the United States in respect of the Securities which would include
                                         any activities undertaken for the purpose of, or that could reasonably be expected to
                                         have the effect of, conditioning the market in the United States for the resale of the
                                         Securities; provided, however, that the Optionee may sell or otherwise dispose of the
                                         Securities pursuant to registration thereof under the 1933 Act and any applicable state
                                         and provincial securities laws or under an exemption from such registration requirements;

 

		(e)	unless
                                         the Optionee has completed Schedule D or E, the Optionee is outside the United States
                                         when receiving and executing this Agreement and is acquiring the Securities as principal
                                         for the Optionee’s own account, for investment purposes only, and not with a view
                                         to, or for, resale, distribution or fractionalisation thereof, in whole or in part, and,
                                         in particular, it has no intention to distribute either directly or indirectly any of
                                         the Securities in the United States or to U.S. Persons, and no other person has a direct
                                         or indirect beneficial interest in such Securities;

 

		(f)	if
                                         the Optionee is not resident in the United States or Canada, the Optionee:

 

		(i)	is
                                         knowledgeable of, or has been independently advised as to, the applicable securities
                                         laws of the securities regulators having application in the jurisdiction in which the
                                         Optionee is resident (the “International Jurisdiction”) which would
                                         apply to the granting of the Option and the issue, sale or resale of the Optioned Shares;

 

		(ii)	the
                                         Optionee is acquiring the Option or the Optioned Shares pursuant to exemptions from prospectus
                                         or equivalent requirements under applicable securities laws or, if such is not applicable,
                                         the Optionee is permitted to acquire the Option or the Optioned Shares under the applicable
                                         securities laws of the securities regulators in the International Jurisdiction without
                                         the need to rely on any exemptions;

 

		(iii)	the
                                         applicable securities laws of the authorities in the International Jurisdiction do not
                                         require the Company to make any filings or seek any approvals of any kind whatsoever
                                         from any securities regulator of any kind whatsoever in the International Jurisdiction
                                         in connection with the granting of the Option or the issue, sale or resale of the Optioned
                                         Shares; and

 

		(iv)	the
                                         granting of the Option or the issue, sale or resale of the Optioned Shares does not trigger:

 

		A.	any
                                         obligation to prepare and file a prospectus or similar document, or any other report
                                         with respect to such purchase in the International Jurisdiction; or

 

		B.	any
                                         continuous disclosure reporting obligation of the Optionee or the Company in the International
                                         Jurisdiction; and

 

		(v)	the
                                         Optionee will, if requested by the Company, deliver to the Company a certificate or opinion
                                         of local counsel from the International Jurisdiction which will confirm the matters referred
                                         to in subparagraphs (ii), (iii) and (iv) above to the satisfaction of the Company, acting
                                         reasonably;

 

		(g)	the
                                         Optionee has received and carefully read this Agreement and the Company Information;

 

    	 	 	 

    	 	F-4	 

    

 

		(h)	the
                                         Optionee has received a brief description of the Securities and the Optionee understands
                                         that the proceeds from the exercise of the Options will be used by the Company as working
                                         capital for general corporate purposes;

 

		(i)	the
                                         Optionee has duly executed and delivered this Agreement and it constitutes a valid and
                                         binding agreement of the Optionee enforceable against the Optionee in accordance with
                                         its terms;

 

		(j)	the
                                         Optionee has the legal capacity and competence to enter into and execute this Agreement
                                         and to take all actions required pursuant hereto and, if the Optionee is a corporation,
                                         it is duly incorporated and validly subsisting under the laws of its jurisdiction of
                                         incorporation and all necessary approvals by its directors, shareholders and others have
                                         been obtained to authorize execution and performance of this Agreement on behalf of the
                                         Optionee;

 

		(k)	the
                                         Optionee:

 

		(i)	has
                                         adequate net worth and means of providing for its current financial needs and possible
                                         personal contingencies,

 

		(ii)	has
                                         no need for liquidity in this investment, and

 

		(iii)	is
                                         able to bear the economic risks of an investment in the Securities for an indefinite
                                         period of time, and can afford the complete loss of such investment;

 

		(l)	the
                                         Optionee has the requisite knowledge and experience in financial and business matters
                                         as to be capable of evaluating the merits and risks of the investment in the Securities
                                         and the Company, and the Optionee is providing evidence of such knowledge and experience
                                         in these matters through the information requested in this Agreement;

 

		(m)	the
                                         Optionee is aware that an investment in the Company is speculative and involves certain
                                         risks, including the possible loss of the investment, and the Optionee has carefully
                                         read and considered the matters set forth under the caption “Risk Factors”
                                         appearing in the Company’s various disclosure documents, filed with the SEC;

 

		(n)	the
                                         entering into of this Agreement and the transactions contemplated hereby do not result
                                         in the violation of any of the terms and provisions of any law applicable to, or, if
                                         applicable, the constating documents of, the Optionee, or of any agreement, written or
                                         oral, to which the Optionee may be a party or by which the Optionee is or may be bound;

 

		(o)	the
                                         Optionee is purchasing the Securities for its own account for investment purposes only
                                         and not for the account of any other person and not for distribution, assignment or resale
                                         to others, and no other person has a direct or indirect beneficial interest is such Securities,
                                         and the Optionee has not subdivided his interest in the Securities with any other person;

 

		(p)	the
                                         Optionee is not an underwriter of, or dealer in, the shares of the Company’s common
                                         stock, nor is the Optionee participating, pursuant to a contractual agreement or otherwise,
                                         in the distribution of the Securities;

 

		(q)	the
                                         Optionee understands and agrees that the Company and others will rely upon the truth
                                         and accuracy of the acknowledgements, representations, statements, answers and agreements
                                         contained in this Agreement, and agrees that if any of such acknowledgements, representations,
                                         statements, answers and agreements are no longer accurate or have been breached, the
                                         Optionee shall promptly notify the Company;

 

		(r)	the
                                         Optionee has made an independent examination and investigation of an investment in the
                                         Securities and the Company and has depended on the advice of its legal and financial
                                         advisors and agrees that the Company will not be responsible in anyway whatsoever for
                                         the Optionee’s decision to acquire the Securities;

 

    	 	 	 

    	 	F-5	 

    

 

		(s)	the
                                         Optionee is not aware of any advertisement of any of the Securities and is not acquiring
                                         the Securities as a result of any form of general solicitation or general advertising
                                         including advertisements, articles, notices or other communications published in any
                                         newspaper, magazine or similar media or broadcast over radio or television, or any seminar
                                         or meeting whose attendees have been invited by general solicitation or general advertising;

 

		(t)	the
                                         Optionee has either (a) a pre-existing personal or business relationship with the Company
                                         or any of its partners, officers, directors, or controlling persons consisting of personal
                                         or business contacts of a nature and duration which enable the Optionee to be aware of
                                         the character, business acumen and general business and financial circumstances of the
                                         Company or any such partner, officer, director, or controlling person with whom such
                                         relationship exists or (b) such business or financial expertise as to be able to protect
                                         the Otpionee’s own interests in connection with the acquisition of the Securities;
                                         and

 

		(u)	no
                                         person has made to the Optionee any written or oral representations:

 

		(i)	that
                                         any person will resell or repurchase any of the Securities,

 

		(ii)	that
                                         any person will refund the purchase price of any of the Securities,

 

		(iii)	as
                                         to the future price or value of any of the Securities, or

 

		(iv)	that
                                         any of the Securities will be listed and posted for trading on any stock exchange or
                                         automated dealer quotation system or that application has been made to list and post
                                         any of the Securities of the Company on any stock exchange or automated dealer quotation
                                         system, except that currently certain market makers make market in the shares of the
                                         Company’s common stock on the OTC Pink.

 

DATED
as of ______ day of ______________, 20____.

 

	 	 	 
	 	 	Print
    Name of Optionee
	 	 	 
	 	 	 
	 	 	Signature
	 	 	 
	 	 	 
	 	 	Social
    Security/Tax I.D. No.INDEMNIFICATION
AGREEMENT

 

This
Indemnification Agreement (“Agreement”), dated as of  June 22, 2018, is by and between ICOX INNOVATIONS
INC., a Nevada corporation (the “Company”) and Alphonso Jackson (the
“Indemnitee”).

 

WHEREAS:

 

A.       The
Indemnitee is a director and/or an officer of the Company;

 

B.       Both
the Company and the Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and
officers of public companies;

 

C.       The
board of directors of the Company (the “Board”) has determined that enhancing the ability of the Company to
retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company
therefore should seek to assure such persons that indemnification and insurance coverage is available; and

 

D.       In
recognition of the need to provide the Indemnitee with substantial protection against personal liability, in order to procure
the Indemnitee’s continued service as a director and/or officer of the Company and to enhance the Indemnitee’s ability
to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended
to be enforceable irrespective of, among other things, any amendment to the Company’s articles  of incorporation or bylaws
(collectively, the “Constituent Documents”), any change in the composition of the Board or any change in control
or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification
of, and the advancement of Expenses (as defined in Section 1(f) below) to, Indemnitee as set forth in this Agreement and to the
extent insurance is maintained for the continued coverage of Indemnitee under the Company’s directors’ and officers’
liability insurance policies.

 

NOW,
THEREFORE, in consideration of the foregoing and the Indemnitee’s agreement to continue to provide services to the Company,
the parties agree as follows:

 

	1.	Definitions.
    For purposes of this Agreement, the following terms shall have the following meanings:

 

	 	(a)	“Beneficial
    Owner” has the meaning given to the term “beneficial owner” in Rule 13d-3 under the Securities Exchange
    Act of 1934, as amended (the “Exchange Act”).
	 	 	 
	 	(b)	“Change
    in Control” means the occurrence after the date of this Agreement of any of the following events:

 

    	 	 	 

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	 	(i)	any
    Person is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of
    the Company’s then outstanding Voting Securities unless the change in relative Beneficial Ownership of the Company’s
    securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled
    to vote generally in the election of directors;
	 	 	 
	 	(ii)	the
    consummation of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation,
    all of the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own,
    directly or indirectly, more than 50% of the combined voting power of the outstanding Voting Securities of the entity resulting
    from such transaction;
	 	 	 
	 	(iii)	during
    any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at
    the beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board
    or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds (2/3) of the
    directors then still in office who either were directors at the beginning of the period or whose election or nomination for
    election was previously so approved) cease for any reason to constitute at least a majority of the Board; or
	 	 	 
	 	(iv)	the
    stockholders of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale
    or disposition by the Company of all or substantially all of the Company’s assets.

 

	 	(c)	“Claim”
    means:

 

	 	(i)	any
    threatened, pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal,
    administrative, arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or
	 	 	 
	 	(ii)	any
    inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding
    or alternative dispute resolution mechanism.

 

	 	(d)	“Court”
    shall have the meaning ascribed to it in Section 9(e) below.
	 	 	 
	 	(e)	“Disinterested
    Director” means a director of the Company who is not and was not a party to the Claim in respect of which indemnification
    is sought by Indemnitee.

 

    	 	 	 

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	 	(f)	“Expenses”
    means any and all expenses, including reasonable attorneys’ and experts’ fees, court costs, transcript costs,
    travel expenses, duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in
    connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend,
    be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal
    resulting from any Claim, including without limitation the premium, security for, and other costs relating to any cost bond,
    supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 5 only, Expenses incurred by Indemnitee
    in connection with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement, by litigation
    or otherwise. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or
    fines against Indemnitee.
	 	 	 
	 	(g)	“Expense
    Advance” means any payment of Expenses advanced to Indemnitee by the Company pursuant to Section 4 or Section 5
    hereof.
	 	 	 
	 	(h)	“Indemnifiable
    Event” means any event or occurrence, whether occurring before, on or after the date of this Agreement, related
    to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary of the Company,
    or is or was serving at the request of the Company as a director, officer, employee, member, manager, trustee or agent of
    any other corporation, limited liability company, partnership, joint venture, trust or other entity or enterprise (collectively
    with the Company, “Enterprise”) or by reason of an action or inaction by Indemnitee in any such capacity
    (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under
    this Agreement).
	 	 	 
	 	(i)	“Independent
    Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither
    presently performs, nor in the past two (2) years has performed, services for either: (i) the Company or Indemnitee (other
    than in connection with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements)
    or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
    the term “Independent Counsel” shall not include any person who, under the applicable standards of professional
    conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in an action
    to determine the Indemnitee’s rights under this Agreement.
	 	 	 
	 	(j)	“Losses”
    means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other),
    ERISA excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local
    or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges
    paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal),
    or preparing to defend, be a witness or participate in, any Claim.
	 	 	 
	 	(k)	“Person”
    means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association,
    organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange
    Act.

 

    	 	 	 

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	 	(l)	“Standard
    of Conduct Determination” shall have the meaning ascribed to it in Section 9(b) below.
	 	 	 
	 	(m)	“Voting
    Securities” means any securities of the Company that vote generally in the election of directors.

 

	2.	Services
    to the Company. The Indemnitee agrees to continue to serve as a director or officer of the Company for so long as the
    Indemnitee is duly elected or appointed or until the Indemnitee tenders his resignation or is no longer serving in such capacity.
    This Agreement shall not be deemed an employment agreement between the Company (or any of its subsidiaries or Enterprise)
    and the Indemnitee. The Indemnitee specifically acknowledges that his employment with or service to the Company or any of
    its subsidiaries or Enterprise, as applicable, is at will and the Indemnitee may be discharged at any time for any reason,
    with or without cause, except as may be otherwise provided in any written employment agreement between the Indemnitee and
    the Company (or any of its subsidiaries or Enterprise), other applicable formal severance policies duly adopted by the Board
    or, with respect to service as a director or officer of the Company, by the Company’s Constituent Documents or Nevada
    law. This Agreement shall continue in force after the Indemnitee has ceased to serve as a director or officer of the Company
    or, at the request of the Company, of any of its subsidiaries or Enterprise, as provided in Section 12 hereof.
	 	 
	3.	Indemnification.
    Subject to Section 9 and Section 10 of this Agreement, the Company shall indemnify the Indemnitee, to the fullest extent permitted
    by the laws of the State of Nevada in effect on the date hereof, or as such laws may from time to time hereafter be amended
    to increase the scope of such permitted indemnification, against any and all Losses if the Indemnitee was or is or becomes
    a party to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising
    in part out of an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims
    brought by third parties, and Claims in which the Indemnitee is solely a witness.
	 	 
	4.	Advancement
    of Expenses. The Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any
    Claim by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably
    paid or incurred by the Indemnitee in connection with any Claim arising out of an Indemnifiable Event. The Indemnitee’s
    right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or
    effect of the foregoing, within 60 days after any request by the Indemnitee, the Company shall, in accordance with such request,
    (a) pay such Expenses on behalf of the Indemnitee, (b) advance to the Indemnitee funds in an amount sufficient to pay such
    Expenses, or (c) reimburse the Indemnitee for such Expenses. In connection with any request for Expense Advances, the Indemnitee
    shall not be required to provide any documentation or information to the extent that the provision thereof would undermine
    or otherwise jeopardize attorney-client privilege. In connection with any request for Expense Advances, the Indemnitee shall
    execute and deliver to the Company an undertaking (which shall be accepted without reference to the Indemnitee’s ability
    to repay the Expense Advances) to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses to the
    extent that it is ultimately determined, following the final disposition of such Claim, that the Indemnitee is not entitled
    to indemnification hereunder. The Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured
    and no interest shall be charged thereon.

 

    	 	 	 

    	 	 - 5 -	 

    

 

	5.	Indemnification
    for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law, the Company shall also indemnify
    against, and, if requested by the Indemnitee, shall advance to the Indemnitee subject to and in accordance with Section 4,
    any Expenses actually and reasonably paid or incurred by the Indemnitee in connection with any action or proceeding by the
    Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this
    Agreement, or under any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims
    relating to Indemnifiable Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies
    maintained by the Company. However, in the event that the Indemnitee is ultimately determined not to be entitled to such indemnification
    or insurance recovery, as the case may be, then all amounts advanced under this Section 5 shall be repaid. The Indemnitee
    shall be required to reimburse the Company in the event that a final judicial determination is made that such action brought
    by the Indemnitee was frivolous or not made in good faith.
	 	 
	6.	Partial
    Indemnity. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a
    portion of any Losses in respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company
    shall nevertheless indemnify the Indemnitee for the portion thereof to which the Indemnitee is entitled.
	 	 
	7.	Notification
    and Defense of Claims.

 

	 	(a)	Notification
    of Claims. The Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to
    an Indemnifiable Event or for which the Indemnitee could seek Expense Advances, including a brief description (based upon
    information then available to the Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by the Indemnitee
    to timely notify the Company hereunder shall not relieve the Company from any liability hereunder unless the Company’s
    ability to participate in the defense of such claim was materially and adversely affected by such failure/except that the
    Company shall not be liable to indemnify the Indemnitee under this Agreement with respect to any judicial award in a Claim
    related to an Indemnifiable Event if the Company was not given a reasonable and timely opportunity to participate at its expense
    in the defense of such action. If at the time of the receipt of such notice, the Company has directors’ and officers’
    liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the
    Company shall give prompt written notice to the applicable insurers in accordance with the procedures set forth in the applicable
    policies. The Company shall provide to the Indemnitee a copy of such notice delivered to the applicable insurers, and copies
    of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially concurrently
    with the delivery or receipt thereof by the Company.

 

    	 	 	 

    	 	 - 6 -	 

    

 

	 	(b)	Defense
    of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event
    at its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense
    thereof with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its election
    to assume the defense of any such Claim, the Company shall not be liable to the Indemnitee under this Agreement or otherwise
    for any Expenses subsequently directly incurred by the Indemnitee in connection with the Indemnitee’s defense of such
    Claim other than reasonable costs of investigation or as otherwise provided below. The Indemnitee shall have the right to
    employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company
    of its assumption of the defense shall be at the Indemnitee’s own expense; provided, however, that if (i) the Indemnitee’s
    employment of its own legal counsel has been authorized by the Company, (ii) the Indemnitee has reasonably determined that
    there may be a conflict of interest between the Indemnitee and the Company in the defense of such Claim, (iii) after a Change
    in Control, the Indemnitee’s employment of its own counsel has been approved by the Independent Counsel or (iv) the
    Company shall not in fact have employed counsel to assume the defense of such Claim, then the Indemnitee shall be entitled
    to retain its own separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such
    Claim) and all Expenses related to such separate counsel shall be borne by the Company.

 

	8.	Procedure
    upon Application for Indemnification. In order to obtain indemnification pursuant to this Agreement, the Indemnitee shall
    submit to the Company a written request therefor, including in such request such documentation and information as is reasonably
    available to the Indemnitee and is reasonably necessary to determine whether and to what extent the Indemnitee is entitled
    to indemnification following the final disposition of the Claim, provided that documentation and information need not be so
    provided to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client privilege. Indemnification
    shall be made insofar as the Company determines the Indemnitee is entitled to indemnification in accordance with Section 9
    below.
	 	 
	9.	Determination
    of Right to Indemnification.

 

	 	(a)	Mandatory
    Indemnification; Indemnification as a Witness.

 

	 	(i)	To
    the extent that the Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an
    Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including without limitation dismissal
    without prejudice, the Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section
    3 to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in Section 9(b)) shall be required.

 

    	 	 	 

    	 	 - 7 -	 

    

 

	 	(ii)	To
    the extent that the Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and
    serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith
    to the fullest extent allowable by law and no Standard of Conduct Determination (as defined in Section 9(b)) shall be required.

 

	 	(b)	Standard
    of Conduct. To the extent that the provisions of Section 9(a) are inapplicable to a Claim related to an Indemnifiable
    Event that shall have been finally disposed of, any determination of whether the Indemnitee has satisfied any applicable standard
    of conduct under Nevada law that is a legally required condition to indemnification of the Indemnitee hereunder against Losses
    relating to such Claim and any determination that Expense Advances must be repaid to the Company (a “Standard of
    Conduct Determination”) shall be made as follows:

 

	 	(i)	if
    no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the
    Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though
    less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written opinion addressed
    to the Board, a copy of which shall be delivered to the Indemnitee; and
	 	 	 
	 	(ii)	if
    a Change in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested
    Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed
    to the Board, a copy of which shall be delivered to the Indemnitee.

 

The
Company shall indemnify and hold harmless the Indemnitee against and, if requested by the Indemnitee, shall reimburse the Indemnitee
for, or advance to the Indemnitee, within 60 days of such request, any and all Expenses incurred by the Indemnitee in cooperating
with the person or persons making such Standard of Conduct Determination.

 

	 	(c)	Making
    the Standard of Conduct Determination. The Company shall use its reasonable best efforts to cause any Standard of Conduct
    Determination required under Section 9(b) to be made as promptly as practicable. If the person or persons designated to make
    the Standard of Conduct Determination under Section 9(b) shall not have made a determination within 30 days after the later
    of (A) receipt by the Company of a written request from the Indemnitee for indemnification pursuant to Section 8 (the date
    of such receipt being the “Notification Date”) and (B) the selection of an Independent Counsel, if such
    determination is to be made by Independent Counsel, then the Indemnitee shall be deemed to have satisfied the applicable standard
    of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional 30 days, if
    the person or persons making such determination in good faith requires such additional time to obtain or evaluate information
    relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of the Indemnitee
    to indemnification under this Agreement shall be required to be made prior to the final disposition of any Claim.

 

    	 	 	 

    	 	 - 8 -	 

    

 

	 	(d)	Payment
    of Indemnification. If, in regard to any Losses:

 

	 	(i)	the
    Indemnitee shall be entitled to indemnification pursuant to Section 9(a);
	 	 	 
	 	(ii)	no
    Standard Conduct Determination is legally required as a condition to indemnification of the Indemnitee hereunder; or
	 	 	 
	 	(iii)	the
    Indemnitee has been determined or deemed pursuant to Section 9(b) or Section 9(c) to have satisfied the Standard of Conduct
    Determination,

 

then
the Company shall pay to the Indemnitee, within ten days after the later of (A) the Notification Date or (B) the earliest date
on which the applicable criterion specified in clause (i), (ii) or (iii) is satisfied, an amount equal to such Losses.

 

	 	(e)	Selection
    of Independent Counsel for Standard of Conduct Determination. If a Standard of Conduct Determination is to be made by
    Independent Counsel pursuant to Section 9(b)(i), the Independent Counsel shall be selected by the Board of Directors, and
    the Company shall give written notice to the Indemnitee advising him of the identity of the Independent Counsel so selected.
    If a Standard of Conduct Determination is to be made by Independent Counsel pursuant to Section 9(b)(ii), the Independent
    Counsel shall be selected by the Indemnitee, and the Indemnitee shall give written notice to the Company advising it of the
    identity of the Independent Counsel so selected. In either case, the Indemnitee or the Company, as applicable, may, within
    five days after receiving written notice of selection from the other, deliver to the other a written objection to such selection;
    provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not
    satisfy the criteria set forth in the definition of “Independent Counsel” in Section 1(i), and the objection
    shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person or
    firm so selected shall act as Independent Counsel. If such written objection is properly and timely made and substantiated,
    (i) the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn
    or a court has determined that such objection is without merit; and (ii) the non-objecting party may, at its option, select
    an alternative Independent Counsel and give written notice to the other party advising such other party of the identity of
    the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences,
    the introductory clause of this sentence and numbered clause (i) of this sentence shall apply to such subsequent selection
    and notice. If applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative
    selections. If no Independent Counsel that is permitted under the foregoing provisions of this Section 9(e) to make the Standard
    of Conduct Determination shall have been selected within 20 days after the Company gives its initial notice pursuant to the
    first sentence of this Section 9(e) or the Indemnitee gives its initial notice pursuant to the second sentence of this Section
    9(e), as the case may be, either the Company or the Indemnitee may petition a court in Nevada (the “Court”)
    to resolve any objection which shall have been made by the Company or the Indemnitee to the other’s selection of Independent
    Counsel and/or to appoint as Independent Counsel a person to be selected by the Court or such other person as the Court shall
    designate, and the person or firm with respect to whom all objections are so resolved or the person or firm so appointed will
    act as Independent Counsel. In all events, the Company shall pay all of the reasonable fees and expenses of the Independent
    Counsel incurred in connection with the Independent Counsel’s determination pursuant to Section 9(b).

 

    	 	 	 

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	 	(f)	Presumptions
    and Defenses.

 

	 	(i)	Indemnitee’s
    Entitlement to Indemnification. In making any Standard of Conduct Determination, the person or persons making such determination
    shall presume that the Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and
    the Company shall have the burden of proof to overcome that presumption and establish that the Indemnitee is not so entitled.
    Any Standard of Conduct Determination that is adverse to the Indemnitee may be challenged by the Indemnitee in the Court.
    No determination by the Company (including by its directors or any Independent Counsel) that the Indemnitee has not satisfied
    any applicable standard of conduct may be used as a defense to any legal proceedings brought by the Indemnitee to secure indemnification
    or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption that the Indemnitee has not
    met any applicable standard of conduct.
	 	 	 
	 	(ii)	Reliance
    as a Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the
    following circumstances do not exist, the Indemnitee shall be deemed to have acted in good faith and in a manner he reasonably
    believed to be in or not opposed to the best interests of the Company if the Indemnitee’s actions or omissions to act
    are taken in good faith reliance upon the records of the Company, including its financial statements, or upon information,
    opinions, reports or statements furnished to the Indemnitee by the officers or employees of the Company or any of its subsidiaries
    in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants
    and financial advisors) as to matters the Indemnitee reasonably believes are within such other Person’s professional
    or expert competence and who has been selected with reasonable care by or on behalf of the Company. In addition, the knowledge
    and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to the
    Indemnitee for purposes of determining the right to indemnity hereunder.

 

    	 	 	 

    	 	 - 10 -	 

    

 

	 	(iii)	No
    Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether
    with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption
    that the Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification
    hereunder is otherwise not permitted.
	 	 	 
	 	(iv)	Defense
    to Indemnification and Burden of Proof. It shall be a defense to any action brought by the Indemnitee against the Company
    to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim
    related to an Indemnifiable Event in advance of its final disposition) that it is not permissible under applicable law for
    the Company to indemnify the Indemnitee for the amount claimed. In connection with any such action or any related Standard
    of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not satisfy the applicable standard
    of conduct shall be on the Company.
	 	 	 
	 	(v)	Resolution
    of Claims. The Company acknowledges that a settlement or other disposition short of final judgment may be successful on
    the merits or otherwise for purposes of Section 9(a)(i) if it permits a party to avoid expense, delay, distraction, disruption
    and uncertainty. In the event that any Claim relating to an Indemnifiable Event to which the Indemnitee is a party is resolved
    in any manner other than by adverse judgment against the Indemnitee (including, without limitation, settlement of such action,
    claim or proceeding with our without payment of money or other consideration) it shall be presumed that the Indemnitee has
    been successful on the merits or otherwise for purposes of Section 9(a)(i). The Company shall have the burden of proof to
    overcome this presumption.

 

	10.	Exclusions
    from Indemnification. Notwithstanding anything in this Agreement to the contrary, the Company shall not be obligated to:

 

	 	(a)	indemnify
    or advance funds to the Indemnitee for Expenses or Losses with respect to proceedings initiated by the Indemnitee, including
    any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense,
    except:

 

	 	(i)	proceedings
    referenced in Section 5 above (unless a court of competent jurisdiction determines that each of the material assertions made
    by the Indemnitee in such proceeding was not made in good faith or was frivolous); or
	 	 	 
	 	(ii)	where
    the Company has joined in or the Board has consented to the initiation of such proceedings;

 

    	 	 	 

    	 	 - 11 -	 

    

 

	 	(b)	indemnify
    the Indemnitee if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited
    by applicable law;
	 	 	 
	 	(c)	indemnify
    the Indemnitee for the disgorgement of profits arising from the purchase or sale by the Indemnitee of securities of the Company
    in violation of Section 16(b) of the Exchange Act, or any similar successor statute; and
	 	 	 
	 	(d)	indemnify
    or advance funds to the Indemnitee for the Indemnitee’s reimbursement to the Company of any bonus or other incentive-based
    or equity-based compensation previously received by the Indemnitee or payment of any profits realized by the Indemnitee from
    the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements
    under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or
    the payment to the Company of profits arising from the purchase or sale by the Indemnitee of securities in violation of Section
    306 of the Sarbanes-Oxley Act).

 

	11.	Settlement
    of Claims. The Company shall not be liable to the Indemnitee under this Agreement for any amounts paid in settlement of
    any threatened or pending Claim related to an Indemnifiable Event effected without the Company’s prior written consent,
    which shall not be unreasonably withheld; provided, however, that if a Change in Control has occurred, the Company shall be
    liable for indemnification of the Indemnitee for amounts paid in settlement if an Independent Counsel has approved the settlement.
    The Company shall not settle any Claim related to an Indemnifiable Event in any manner that would impose any Losses on the
    Indemnitee without the Indemnitee’s prior written consent.
	 	 
	12.	Duration.
    All agreements and obligations of the Company contained herein shall continue during the period that the Indemnitee is a director
    or officer of the Company (or is serving at the request of the Company as a director, officer, employee, member, trustee or
    agent of another Enterprise) and shall continue thereafter (i) so long as the Indemnitee may be subject to any possible Claim
    relating to an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout the pendency of any proceeding
    (including any rights of appeal thereto) commenced by the Indemnitee to enforce or interpret his or her rights under this
    Agreement, even if, in either case, he or she may have ceased to serve in such capacity at the time of any such Claim or proceeding.

 

    	 	 	 

    	 	 - 12 -	 

    

 

	13.	Non-Exclusivity.
    The rights of the Indemnitee hereunder will be in addition to any other rights the Indemnitee may have under the Constituent
    Documents, the general corporate law of the State of Nevada, any other contract or otherwise (collectively, “Other
    Indemnity Provisions”); provided, however, that (a) to the extent that the Indemnitee otherwise would have any greater
    right to indemnification under any Other Indemnity Provision, the Indemnitee will be deemed to have such greater right hereunder
    and (b) to the extent that any change is made to any Other Indemnity Provision which permits any greater right to indemnification
    than that provided under this Agreement as of the date hereof, the Indemnitee will be deemed to have such greater right hereunder.
    The Company will not adopt any amendment to any of the Constituent Documents the effect of which would be to deny, diminish
    or encumber the Indemnitee’s right to indemnification under this Agreement or any Other Indemnity Provision.
	 	 
	14.	Liability
    Insurance. For the duration of the Indemnitee’s service as a director and/or officer of the Company, and thereafter
    for so long as the Indemnitee shall be subject to any pending Claim relating to an Indemnifiable Event, the Company shall
    use commercially reasonable efforts (taking into account the scope and amount of coverage available relative to the cost thereof)
    to continue to maintain in effect policies of directors’ and officers’ liability insurance providing coverage
    that is at least substantially comparable in scope and amount to that provided by the Company’s current policies of
    directors’ and officers’ liability insurance. In all policies of directors’ and officers’ liability
    insurance maintained by the Company, the Indemnitee shall be named as an insured in such a manner as to provide the Indemnitee
    the same rights and benefits as are provided to the most favorably insured of the Company’s directors, if the Indemnitee
    is a director, or of the Company’s officers, if the Indemnitee is an officer (and not a director) by such policy. Upon
    request, the Company will provide to the Indemnitee copies of all directors’ and officers’ liability insurance
    applications, binders, policies, declarations, endorsements and other related materials.
	 	 
	15.	No
    Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to the Indemnitee in
    respect of any Losses to the extent the Indemnitee has otherwise received payment under any insurance policy, the Constituent
    Documents, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.
	 	 
	16.	Subrogation.
    In the event of payment to the Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment
    to all of the rights of recovery of the Indemnitee. The Indemnitee shall execute all papers required and shall do everything
    that may be necessary to secure such rights, including the execution of such documents necessary to enable the Company effectively
    to bring suit to enforce such rights.
	 	 
	17.	Amendments.
    No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by both of the parties
    hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the
    party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions
    hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein,
    no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

 

    	 	 	 

    	 	 - 13 -	 

    

 

	18.	Binding
    Effect. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and
    their respective successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to
    all or substantially all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives.
    The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
    to all, substantially all or a substantial part of the business and/or assets of the Company, by written agreement in form
    and substances satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner
    and to the same extent that the Company would be required to perform if no such succession had taken place.
	 	 
	19.	Severability.
    The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any portion
    thereof) are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining
    provisions shall remain enforceable to the fullest extent permitted by law. Upon such determination that any term or other
    provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement
    so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the
    transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.
	 	 
	20.	Notices.
    All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly
    given if delivered by hand, against receipt, or mailed, by postage prepaid, certified or registered mail:

 

	 	(a)	if
    to the Indemnitee, to the address set forth on the signature page hereto.
	 	 	 
	 	(b)	if
    to the Company, to:

 

ICOX
Innovations Inc.

4101 Redwood Ave., Building F

Los Angeles, CA 90066

 

	 	Attention:	Michael
    Blum
	 	Email:	michael.blum@icoxinnovations.com

 

Notice
of change of address shall be effective only when given in accordance with this Section. All notices complying with this Section
shall be deemed to have been received on the date of hand delivery or on the third business day after mailing.

 

	21.	Governing
    Law and Forum. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State
    of Nevada applicable to contracts made and to be performed in such state without giving effect to its principles of conflicts
    of laws.
	 	 
	22.	Headings.
    The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
    constitute part of this Agreement or to affect the construction or interpretation thereof.

 

    	 	 	 

    	 	 - 14 -	 

    

 

	23.	Counterparts.
    This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original,
    but all of which together shall constitute one and the same Agreement.

 

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

 

	ICOX
    INNOVATIONS INC.	 
	 	 	 
	Per:	/s/
    Michael Blum	 
	Name:	Michael
    Blum	 
	Title:	CFO	 

 

INDEMNITEE

 

	/s/
    Alphonso Jackson	 
	Name:	Alphonso Jackson	 

 

	Address:	1411
    Key Blvd., Unit 601	 
	 	Arlington,
    VA 22209

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