Document:

MASSROOTS, INC.

 

SUBSCRIPTION AGREEMENT FOR THE PURCHASE
OF SECURITIES

 

MassRoots, Inc., a Delaware corporation (the
“Company”) is offering (this “Offering”) for sale to ____________  (the “Investor”)
to an aggregate of  ___________ shares of its common stock, par value $0.001 per share (the “Common Stock”)
and ______ warrants to purchase Common Stock at ______ per share of common stock (“Warrants”, together with the Common
Stock, the “Securities”).  This Offering is made by the Company pursuant to the Registration Statement File
No.: [ ] declared effective by the U.S. Securities and Exchange Commission (the “Commission”) on ______________
(the “Registration Statement”) and this subscription agreement (this “Agreement”).

 

WHEREAS, the Company
filed the Registration Statement to sell a minimum amount of ______ and a maximum of up to ______ of our common stock on a best
efforts basis and the Registration Statement was declared effective  by the Commission; and

 

WHEREAS, the Company
is offering for sale to the Investor an aggregate of _____________ on the terms agreed to herein.

  

NOW, THEREFORE, IT
IS HEREBY AGREED:

  

Purchase of Securities

 

(a)  The
undersigned Investor agrees to purchase at the Closing (as defined herein) and the Company agrees to sell and issue at the Closing
_____________ shares of Common Stock and a Warrant to purchase an amount of Common Stock, at a price of $_____ per share. The
undersigned Investor agrees to pay an aggregate of $_____________________ as the subscription amount for the Securities being
purchased hereunder (the “Subscription Amount”).

 

(b) The
Investor and the Company agree that the Subscription Amount shall be paid by or on behalf of the Investor by bank draft, wire
or check payable to MassRoots, Inc. and is subject to acceptance  by the Company (the “Closing”).

  

Subscription Procedures

 

(a)To subscribe, the
Investor must:

 

	(i)		complete and sign this Subscription Agreement; and

	(ii)		complete and sign the accompanying Confidential Prospective Purchaser Questionnare
(“Questionnaire”, together with the Subscription Agreement referred to as the “Subscription Documents”);

	(iii)		return the completed and signed Subscription Documents on behalf of the Company at
the following address:

 

MassRoots, Inc.

1624 Market Street, Suite 201,

Denver, CO 80202

 

	(iv)		Deliver a check payable to “MassRoots, Inc.” to the address above for
an amount equal to the aggregate amount of Common Stock subscribed for in this offering.

Or wire the funds to:

Account Name: MassRoots, Inc.

Routing Number: [ ]

Account Number: [ ]

Bank Name: [ ]

Bank Address: [ ]

    

    	 

    

  

Prospective Investors should retain their own professional advisors
to review and evaluate the economic, tax, and other consequences of an investment in the Company.

 

THE COMMISSION HAS NOT PASSED UPON THE ACCURACY
OR ADEQUACY OF THE OFFERING DOCUMENTS. NO STATE SECURITIES LAW ADMINISTRATOR HAS PASSED ON OR ENDORSED THE MERITS OF THIS OFFERING
OR THE ACCURACY OR THE ADEQUACY OF THE OFFERING DOCUMENTS. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

 

THE SECURITIES OFFERED HEREBY SHOULD BE
CONSIDERED ONLY BY PERSONS WHO CAN AFFORD TO SUSTAIN A LOSS OF THEIR ENTIRE INVESTMENT.

 

NASAA UNIFORM LEGEND

 

IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR
OWN EXAMINATION OF THE COMPANY AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT
BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES
HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.

  

1. Unless
terminated earlier by the Company, in its sole discretion, this Offering is scheduled to terminate on or about _________________,
5:00 p.m., New York time, unless extended for an additional 90 days (the “Offering Period”).

 

2. For
additional information regarding the Company, the Investors are encouraged to review the Company’s Registration Statement
and other publically filed documents (collectively referred to herein as the “Exchange Filings”).

 

3. The
Company hereby makes the following representations, warranties and covenants to the Investors:

 

a. The
Company has the requisite corporate power and authority to enter into and to consummate the transactions contemplated by this
Agreement and otherwise to carry out its obligations hereunder.

 

b. The
execution and delivery of this Agreement by the Company and the consummation by it of the transactions contemplated hereunder
have been duly authorized by all necessary corporate action on the part of the Company.

 

c. This
Agreement has been duly executed by the Company and, when delivered in accordance with the terms hereof, will constitute the valid
and binding obligation of the Company enforceable against the Company in accordance with its terms, except as may be limited by
any bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other similar laws affecting the enforcement
of creditors’ and contracting parties’ rights generally or by general principles of equity (regardless of whether
such enforceability is considered in a proceeding in equity or at law).

 

4.  Each
Investor hereby makes the following representations, warranties and covenants to the Company:

 

a. Each
Investor is aware that the purchase of the Shares is a speculative investment involving a high degree of risk and that there is
no guarantee that the Investor will realize any gain from this investment, and that the Investor could lose the total amount of
the Investor's investment.

 

b. Each
Investor understands that no federal or state agency has made any finding or determination regarding the fairness of this Offering,
or any recommendation or endorsement of this Offering.

 

    

    	 

    

c. FOR PARTNERSHIPS, CORPORATIONS,
TRUSTS, OR OTHER ENTITIES ONLY:  If the Investor is a partnership, corporation, trust, or other entity, (i),  the
Investor represents and warrants that it was not organized or reorganized for the specific purpose of acquiring the Shares, (ii)
the Investor has the full power and authority to execute this Agreement on behalf of such entity and to make the representations
and warranties made herein on its behalf, and (iii) this investment in the Company has been affirmatively authorized, if required,
by the governing board of such entity and is not prohibited by the governing documents of the entity.

 

d. The
address shown under the Investor's signature at the end of this Agreement is the Investor's principal residence if he or she is
an individual, or its principal business address if a corporation or other entity.

 

5.The undersigned agrees and acknowledges that the Company
has the right to utilize the services of a placement agent and if utilized, may receive a commission consisting of cash and/or
shares of Common Stock, at a rate that is compatible with industry standards, from the Securities sold by such placement agent.

 

6.  Except
as otherwise specifically provided for hereunder, no party shall be deemed to have waived any of his, her, or its rights hereunder
or under any other agreement, instrument, or papers signed by any of them with respect to the subject matter hereof unless such
waiver is in writing and signed by the party waiving said right.  Except as otherwise specifically provided for hereunder,
no delay or omission by any party in exercising any right with respect to the subject matter hereof shall operate as a waiver
of such right or of any such other right.  A waiver on any one occasion with respect to the subject matter hereof shall
not be construed as a bar to, or waiver of, any right or remedy on any future occasion.  All rights and remedies with
respect to the subject matter hereof, whether evidenced hereby or by any other agreement, instrument, or paper, will be cumulative,
and may be exercised separately or concurrently.

 

7.  This
Agreement, together with any instruments executed simultaneously herewith, constitutes the entire agreement between the parties.

 

8.  This
Agreement may not be changed, modified, extended, terminated, or discharged orally, but only by an agreement in writing, which
is signed by the Company and the Investor.

 

9. The
parties agree to execute any and all such other and further instruments and documents, and to take any and all such further actions
reasonably required to effectuate this Agreement and the intent and purposes hereof.

 

10.  If
any provision or any portion of any provision of this Agreement or the application of any such provision or any portion thereof
to any person or circumstance, shall be held invalid or unenforceable, the remaining portion of such provision and the remaining
portion of such provision as is held invalid or unenforceable to persons or circumstances other than those as to which it is held
invalid or unenforceable, shall not be affected thereby.

 

11. This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware and the Investor hereby consents
to the jurisdiction of the courts of the State of Delaware and the undersigned hereby consents to the jurisdiction of the courts
of the State of Colorado and/or the United States District Court for Colorado.

 

  

    	 

    	 

    

ALL SUBSCRIBERS MUST COMPLETE A COPY OF THIS PAGE

 

__________________________

(Print Name of Subscriber)

 

IN WITNESS
WHEREOF, the undersigned has executed this Subscription Agreement on this ____ day of ____________, 2015.

 

Securities
Subscription Amount $___________

 

1.|__|Individual

 

2.|__|Joint Tenants
with Right of Survivorship

 

3.|__|Community Property

 

4.|__|Tenants in
Common

 

5.|__|Corporation/Partnership

 

6.|__|IRA of________________

 

7.|__|Trust

 

Date
Opened ___________

 

8.|__|As A Custodian For________________

 

Under the
Uniform Transfer to Minors Act of the

 

State of ___________

  

9.|__|Married with
Separate

 

Property

 

10.|__|Keogh of ____________

 

    

    	 

    

EXECUTION BY SUBSCRIBER
WHO IS A NATURAL PERSON

 

	 		
	 	Exact Name in Which Title is to be Held 	 
	 		 
	 	Signature 	 
	 		 
	 	Name (Please Print) 	 
	 		 
	 	Title of Person Executing Agreement 	 
	 		 
	 	Address: Number and Street	 
	 		 
	 	City 	State	Zip Code	 
	 		 
	 	Social Security Number 	 

 

 

Accepted this ___ day of _______, 2015, on behalf of MASSROOTS,
INC.

 

 

By: _____________________________

Name:

Title:

    	 

    	 

    

EXECUTION BY SUBSCRIBER WHICH IS A CORPORATION,

 

PARTNER, TRUST, ETC.

 

	 		
	 	Exact Name in Which Title is to be Held 	 
	 		 
	 	Signature 	 
	 		 
	 	Name (Please Print) 	 
	 		 
	 	Title of Person Executing Agreement 	 
	 		 
	 	Address: Number and Street	 
	 		 
	 	City 	State	Zip Code	 
	 		 
	 	Tax Identification Number 	 

 

 

Accepted this ___ day of _______, 2015, on behalf of MASSROOTS,
INC.

 

By: ________________________

Name:

Title:WARRANT

  

MassRoots, Inc.

 

WARRANT NO. 1-__

 

Dated: __, 2015

 

MassRoots, Inc., a corporation organized
under the laws of the State of Delaware (the “Company”), hereby certifies that, for value received from ____________,
a [insert state of incorporation or state of residence] (the “Holder”), is entitled, subject to the
terms set forth below, to purchase from the Company up to a total of ________ shares of the common stock , $0.001 par value per
share (the “Common Stock”), of the Company (the “Warrant Shares”), at an exercise price
equal to _______ per share (the “Exercise Price”). This Warrant may be exercised any time after issuance through
and including the third (3rd) anniversary of its original issuance as noted above (the “Expiration Date”),
subject to the following terms and conditions:

 

1.Registration of
Warrant. The Company shall, from time to time and whenever requested by the Holder, register this Warrant in conformity with
records to be maintained by the Company for such purpose (the “Warrant Register”) in the name of the Holder.
The Company shall treat the registered Holder of this Warrant as the absolute owner hereof for any and all purposes, including
the exercise hereof or any distribution to the Holder, and the Company shall not be affected by notice to the contrary.

 

2.Registration of
Transfers and Exchanges.

 

 (a)The Company
or the transfer agent shall enter or record the transfer of all or any portion of this Warrant in the Warrant Register, upon surrender
of this Warrant to the Company at the office specified herein or pursuant to Section 11 hereof. Upon any such registration
or transfer, a new warrant to purchase Common Stock, in substantially the form of this Warrant (any such new warrant hereinafter
referred to as a “New Warrant”), evidencing the portion of this Warrant so transferred shall be issued to the
transferee and a New Warrant evidencing the remaining portion of this Warrant not so transferred, if any, shall be issued to the
Holder. The acceptance of the New Warrant by the transferee thereof shall be deemed the acceptance of such transferee of all of
the rights and obligations of a holder of a Warrant.

 

(b)This Warrant is
exchangeable, upon the surrender hereof by the Holder to the office of the Company specified herein or pursuant to Section
3(b) hereof for one or more New Warrants, evidencing in the aggregate the right to purchase the number of Warrant Shares which
may then be purchased hereunder. Any such New Warrant shall be dated as of the date of such exchange.

 

3.Duration and Exercise
of Warrants.

 

(a)This Warrant shall
be exercisable by the registered Holder on any business day before 5:00 P.M., Boston time, at any time and from time to time on
or after the date hereof to and including the Expiration Date. At 5:00 P.M., Boston time on the Expiration Date, the portion of
this Warrant not exercised prior thereto shall be and become void and of no value. Prior to the Expiration Date, the Company may
not call or otherwise redeem this Warrant without the prior written consent of the Holder, which consent shall be given or withheld
at the sole and absolute discretion of the Holder.

 

    

    	 

    

(b)Subject to Section
2(b), Section 6 and Section 10 hereof, upon: (x) surrender of this Warrant, together with the Form of Election
to Purchase attached hereto duly completed and signed, to the Company at its address for notice set forth in Section 11
hereof; and (y) payment of the Exercise Price multiplied by the number of Warrant Shares that the Holder intends to purchase hereunder,
in the manner provided hereunder, all as specified by the Holder in the Form of Election to Purchase, the Company shall promptly
(but in no event later than five (5) business days after the Date of Exercise (as defined below)) issue or cause to be issued
and cause to be delivered to the Holder in such name(s) as the Holder may designate, a certificate for the Warrant Shares issuable
upon such exercise and free of restrictive legends unless (i) a registration statement covering the resale of the Warrant Shares
and naming the Holder as a selling stockholder thereunder is not then effective or the Warrant Shares are not freely transferable
without volume restrictions pursuant to Rule 144(k) promulgated under the Securities Act then the Warrant Shares will bear a Securities
Act restrictive legend, or (ii) this Warrant shall have been issued pursuant to a written agreement between the original Holder
and the Company, as required by such agreement. Any person so designated by the Holder to receive Warrant Shares shall be deemed
to have become holder of record of such Warrant Shares as of the Date of Exercise of this Warrant. A “Date of Exercise”
means the date on which the Company shall have received (I) this Warrant (or any New Warrant, as applicable), together with the
Form of Election to Purchase attached hereto (or attached to such New Warrant) appropriately completed and duly signed; and (II)
payment of the Exercise Price for the number of Warrant Shares so indicated by the holder hereof to be purchased.

 

(c)This Warrant shall be exercisable in its entirety or,
from time to time, for a portion of the number of Warrant Shares. If less than all of the Warrant Shares which may be
purchased under this Warrant are exercised at any time, the Company shall issue or cause to be issued, at its expense, a New
Warrant evidencing the right to purchase the remaining number of Warrant Shares for which no exercise has been evidenced by
this Warrant. In the event the Common Stock representing the Warrant Shares is not delivered per the written instructions of
the Holder within ten (10) business days after the Notice of Election and Warrant is received by the Company (the
“Delivery Date”), then the Company shall pay to Holder in cash two percent (2.0%) of the dollar value of
the Warrant Shares to be issued for the first day after the Delivery Date that the Warrant Shares are not delivered, and an
additional two percent (2.0%) of the dollar value of the Warrant Shares to be issued after the Delivery Date for every thirty
(30) days thereafter that the Warrant Shares are not delivered. The Company acknowledges that its failure to deliver the
Warrant Shares by the Delivery Date will cause the Holder to suffer damages in an amount that will be difficult to ascertain.
Accordingly, the parties hereto agree that it is appropriate to include in this Warrant this provision for liquidated
damages. The parties hereto acknowledge and agree that the liquidated damages provision set forth in this section represents
the parties’ good faith effort to quantify such damages and therefore agree that the form and amount of such liquidated
damages are reasonable and will not constitute a penalty. Notwithstanding the foregoing, the payment of liquidated damages
shall not relieve the Company from its obligations to deliver the Common Stock pursuant to the terms of this Warrant. The
Company shall make any payments incurred under this Section 3 in immediately available funds within ten (10) business
days from the date of issuance of the applicable Warrant Shares. Nothing herein shall limit Holder’s right to pursue
actual damages or cancel the Notice of Election for the Company’s failure to issue and deliver Common Stock to the
Holder within ten (10) business days following the Delivery Date.

 

5. Payment of Taxes.
Upon the exercise of this Warrant, the Company will pay all documentary stamp taxes attributable to the issuance of Warrant Shares;
provided, however, that the Company shall not be required to pay any tax that may be payable in respect of any transfer involved
in the registration of any certificates for Warrant Shares or Warrants in a name other than that of the Holder. The Holder shall
be responsible for all other tax liability that may arise as a result of holding or transferring this Warrant or receiving Warrant
Shares upon exercise hereof.

 

6.Replacement of
Warrant. If this Warrant is mutilated, lost, stolen or destroyed, the Company shall issue or cause to be issued in exchange
and substitution for and upon cancellation hereof, or in lieu of and substitution for this Warrant, a New Warrant, but only upon
receipt of evidence reasonably satisfactory to the Company of such loss, theft or destruction and indemnity, if requested, satisfactory
to it. Applicants for a New Warrant under such circumstances shall comply with such other reasonable regulations and procedures
and pay such other reasonable charges as the Company may prescribe.

 

    

    	 

    

7.Reservation of Warrant Shares. The Company
covenants that it will at all times reserve and keep available out of the aggregate of its authorized but unissued Common
Stock, solely for the purpose of enabling it to issue Warrant Shares upon exercise of this Warrant as herein provided, the
number of Warrant Shares which are then issuable and deliverable upon the exercise of this entire Warrant, free from
preemptive rights or any other actual contingent purchase rights of persons other than the Holder (taking into account the
adjustments and restrictions of Section 8 hereof). The Company covenants that all Warrant Shares that shall be so
issuable and deliverable shall, upon issuance and the payment of the applicable Exercise Price in accordance with the terms
hereof, be duly and validly authorized, issued and fully paid and nonassessable. If the Company does not have a sufficient
amount of Common Stock authorized to reserve for the Warrant Shares, it shall, as soon as reasonably practicable, use its
best efforts to increase the number of its authorized shares such that the Company will have a sufficient amount of Common
Stock authorized to reserve for the Warrant Shares.

 

8.Certain Adjustments.
The Exercise Price and number of Warrant Shares issuable upon exercise of this Warrant are subject to adjustment from time to
time as set forth in this Section 8. Upon each such adjustment of the Exercise Price pursuant to this Section 8,
the Holder shall thereafter but prior to the Expiration Date be entitled to purchase, at the Exercise Price resulting from such
adjustment, the number of Warrant Shares obtained by multiplying the Exercise Price in effect immediately prior to such adjustment
by the number of Warrant Shares issuable upon exercise of this Warrant immediately prior to such adjustment and dividing the product
thereof by the Exercise Price resulting from such adjustment.

 

(a)An adjustment shall
be made, if the Company, at any time while this Warrant is outstanding (i) pays a stock dividend (except scheduled dividends paid
on outstanding preferred stock as of the date hereof which contain a stated dividend rate) or otherwise make distribution(s) on
shares of its Common Stock or on any other class of capital stock and not the Common Stock payable in shares of Common Stock;
(ii) subdivides outstanding shares of Common Stock into a larger number of shares; or (iii) combines outstanding shares of Common
Stock into a smaller number of shares. If either (i), (ii) or (iii) above occurs, the Exercise Price shall be multiplied by a
fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
before such event and of which the denominator shall be the number of shares of Common Stock (excluding treasury shares, if any)
outstanding after such event. Any adjustment made pursuant to this Section shall become effective immediately after the record
date for the determination of stockholders entitled to receive such dividend or distribution and shall become effective immediately
after the effective date in the case of a subdivision or combination, and shall apply to successive subdivisions and combinations.

 

(b)In case of any
reclassification of the Common Stock, any consolidation or merger of the Company with or into another entity, the sale or transfer
of all or substantially all of the assets of the Company, or any compulsory share exchange pursuant to which the Common Stock
is converted into other securities, cash or property, then the Holder shall have the right thereafter to exercise this Warrant
only into the shares of stock and other securities and property receivable upon or deemed to be held by holders of Common Stock
following such reclassification, consolidation, merger, sale, transfer or share exchange, and the Holder shall be entitled upon
such event to receive such amount of securities or property equal to the amount of Warrant Shares such Holder would have been
entitled to had such Holder exercised this Warrant immediately prior to such reclassification, consolidation, merger, sale, transfer
or share exchange. The terms of any such consolidation, merger, sale, transfer or share exchange shall include such terms so as
to continue to give to the Holder the right to receive the securities or property set forth in this Section 8(b) upon any
exercise following any such reclassification, consolidation, merger, sale, transfer or share exchange.

 

(c) Intentionally
Omitted

 

(d)Intentionally Omitted

 

(e)For the purposes
of this Section 8, the following clauses shall also be applicable:

 

(i) Record Date.
In case the Company shall take a record of the holders of its Common Stock for the purpose of entitling them (A) to receive a
dividend or other distribution payable in Common Stock or in securities convertible or exchangeable into shares of Common Stock,
or (B) to subscribe for or purchase Common Stock or securities convertible or exchangeable into shares of Common Stock, then such
record date shall be deemed to be the date of the issue or sale of the shares of Common Stock deemed to have been issued or sold
upon the declaration of such dividend or the making of such other distribution or the date of the granting of such right of subscription
or purchase, as the case may be.

 

    

    	 

    

(ii) Treasury Shares.
The number of shares of Common Stock outstanding at any given time shall not include shares owned or held by or for the account
of the Company, and the disposition of any such shares shall be considered an issue or sale of Common Stock.

 

(f)All calculations
under this Section 8 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.

 

(g)Intentionally Omitted

 

9.Payment of Exercise
Price. The Holder, at its sole election, may pay the Exercise Price in one of the following manners:

 

(a)Cash Exercise.
The Holder shall deliver immediately available funds; or

(b)Intentionally
Deleted. 

 

(c)Notwithstanding anything in this Warrant to the
contrary, the Holder is limited in the amount of this Warrant it may exercise. In no event shall the Holder be entitled to
exercise any amount of this Warrant in excess of that amount upon exercise of which the sum of (1) the number of shares of
Common Stock beneficially owned (as such term is defined under Section 13(d) and Rule 13d-3 of the Securities Exchange Act of
1934, as amended (the “Exchange Act”)) by the Holder, and (2) the number of Warrant Shares issuable upon
the exercise of any Warrants then owned by Holder, would result in beneficial ownership by the Holder of more than four and
ninety-nine one hundredths percent (4.99%) of the outstanding shares of Common Stock of the Company, as determined in
accordance with Rule13d-1(j) of the Exchange Act. Furthermore, the Company shall not process any exercise that would result
in beneficial ownership by the Holder of more than four and ninety-nine one hundredths percent (4.99%) of the outstanding
shares of Common Stock of the Company.

 

10.Fractional Shares.
The Company shall not be required to issue or cause to be issued fractional Warrant Shares on the exercise of this Warrant. The
number of full Warrant Shares which shall be issuable upon the exercise of this Warrant shall be computed on the basis of the
aggregate number of Warrant Shares purchasable on exercise of this Warrant so presented. If any fraction of a Warrant Share would,
except for the provisions of this Section 10, be issuable on the exercise of this Warrant, the Company shall pay an amount
in cash equal to the Exercise Price multiplied by such fraction.

 

11.Notices. Any
and all notices or other communications or deliveries hereunder shall be in writing and shall be deemed given and effective on
the earliest of (i) the date of transmission, if such notice or communication is delivered via facsimile at the facsimile telephone
number specified in this Section prior to 5:00 p.m. EST time on a business day, (ii) the business day after the date of transmission,
if such notice or communication is delivered via facsimile at the facsimile telephone number specified in this Section later than
5:00 p.m. EST time on any date and earlier than 11:59 p.m. EST time on such date, (iii) the business day following the date of
mailing, if sent by nationally recognized overnight courier service, or (iv) upon actual receipt by the party to whom such notice
is required to be given. The addresses for such communications shall be:

 

If to the Company:

MassRoots, Inc.

Attn: Legal

1624 Market Street, Suite 201

Denver, CO 80202

 

If to the Holder:

[Insert Name and Address here]

  

    

    	 

    

12.Warrant Agent. The Company shall serve as warrant
agent under this Warrant. Upon thirty (30) days notice to the Holder, the Company may appoint a new warrant agent. Any
corporation into which the Company or any new warrant agent may be merged or any corporation resulting from any consolidation
to which the Company or any new warrant agent shall be a party or any corporation to which the Company or any new warrant
agent transfers substantially all of its corporate trust or shareholders services business shall be a successor warrant agent
under this Warrant without any further action. Any such successor warrant agent shall promptly cause notice of its succession
as warrant agent to be mailed (by first class mail, postage prepaid) to the Holder at the Holder's last address as shown on
the Warrant Register.

 

13.Miscellaneous.

 

(a)This Warrant shall
be binding on and inure to the benefit of the parties hereto. This Warrant may be amended only in writing signed by the Company
and the Holder.

 

(b)Nothing in this
Warrant shall be construed to give to any person or corporation other than the Company and the Holder any legal or equitable right,
remedy or cause under this Warrant. This Warrant shall inure to the sole and exclusive benefit of the Company and the Holder.

 

(c)This Warrant shall
be governed by and construed and enforced in accordance with the laws of the state of Delaware without regard to the principles
of conflicts of law thereof.

 

(d)The headings herein
are for convenience only, do not constitute a part of this Warrant and shall not be deemed to limit or affect any of the provisions
hereof.

 

(e)In case any one
or more of the provisions of this Warrant shall be invalid or unenforceable in any respect, the validity and enforceability of
the remaining terms and provisions of this Warrant shall not in any way be affected or impaired thereby and the parties will attempt
in good faith to agree upon a valid and enforceable provision which shall be a commercially reasonable substitute therefor, and
upon so agreeing, shall incorporate such substitute provision in this Warrant.

 

(f)The Company hereby
represent and warrants to the Holder that: (i) it is voluntarily issuing this Warrant of its own freewill, (ii) it is not issuing
this Warrant under economic duress, (iii) the terms of this Warrant are reasonable and fair to the Company, and (iv) the Company
has had independent legal counsel of its own choosing review this Warrant, advise the Company with respect to this Warrant, and
represent the Company in connection with its issuance of this Warrant.

 

(g)Any capitalized
term used but not defined in this Warrant shall have the meaning ascribed to it in the Subscription Agreement, of even date herewith,
by and between the Company and the Holder.

 

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

 

(i)This Warrant and
the obligations of the Company hereunder shall not be assignable by the Company.

 

(j)Notwithstanding
anything in this Warrant to the contrary, the parties hereto hereby acknowledge and agree to the following: (i) the Holder makes
no representations or covenants that it will not engage in trading in the securities of the Company; (ii) the Company has not
and shall not provide material non-public information to the Holder unless prior thereto the Holder Party shall have executed
a written agreement regarding the confidentiality and use of such information; and (iv) the Company understands and confirms that
the Holder will be relying on the acknowledgements set forth in clauses (i) through (ii) above if the Holder effects any transactions
in the securities of the Company.

 

    

    	 

    

14. Disputes Under This Agreement.

 

Each party agrees that all legal proceedings concerning the interpretations,
enforcement and defense of the transactions contemplated by this Warrant (whether brought against a party hereto or its respective
affiliates, directors, officers, shareholders, partners, members, employees or agents) shall be commenced exclusively in the state
and federal courts sitting in the City of Denver, Colorado. Each party hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in the City of Denver, Colorado for the adjudication of any dispute hereunder or in connection
herewith or with any transaction contemplated hereby or discussed herein (including with respect to the enforcement of this Warrant),
and hereby irrevocably waives, and agrees not to assert in any action, suit or proceeding, any claim that it is not personally
subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for
such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any
such suit, action or proceeding by mailing a copy thereof via overnight delivery (with evidence of delivery) to such party at
the address in effect for notices to it under this Warrant and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any
other manner permitted by law. If either party shall commence an action or proceeding to enforce any provisions of this Warrant,
then the prevailing party in such action, suit or proceeding shall be reimbursed by the other party for its reasonable attorneys’
fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding.

 

[Signature on Following
Page]

    	 

    	 

    

 IN WITNESS WHEREOF, the Company has caused this Warrant to
be duly executed by its authorized officer as of the date first indicated above.

  

MassRoots,
Inc. 

 

By:_________________

Name:Isaac Dietrich

Title: CEO

 

    	 

    	 

    

EXHIBIT A

 

FORM OF ELECTION TO PURCHASE

 

MassRoots, Inc.

 

Re: Intention to Exercise Right to
Purchase Shares of Common Stock Under the Warrant

 

Gentlemen:

 

In accordance with
the Warrant enclosed with this Form of Election to Purchase, the undersigned hereby irrevocably elects to purchase _________________shares
of Common Stock, $0.001 par value per share, of MassRoots, Inc.. and, encloses herewith $________ in cash, certified or
official bank check(s), which sum represents the aggregate Exercise Price for the number of shares of Common Stock to which this
Form of Election to Purchase relates, together with any applicable taxes payable by the undersigned pursuant to the Warrant. Any
capitalized terms used but not defined in this Form of Election to Purchase shall have the meaning ascribed to them in the accompanying
Warrant.

 

The undersigned requests
that certificates for the shares of Common Stock issuable upon this exercise be issued in the name of:

 

	 		 
	 	Please insert SS# or FEIN #)	 
	 		 
	 	(Please print name and address)	 

 

If the number of shares of Common Stock issuable upon this exercise
shall not be all of the shares of Common Stock which the undersigned is entitled to purchase in accordance with the enclosed Warrant,
the undersigned requests that a New Warrant evidencing the right to purchase the shares of Common Stock not issuable pursuant
to the exercise evidenced hereby be issued in the name of and delivered to:

 

 

	 	 	 
	 	Please Print name and address	 
	 	 	 
	Dated: 		 Name of Holder:	 
	 	 	 	 
	 	 	Signed:	 
	 	 	Print Name: 	 
	 	 	Title:	 
	 	 	(Signature must conform in all respects
to name of Holder as specified on the face of the Warrant)

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