Document:

TRXADE
GROUP, INC.

 

STOCKHOLDER
AGREEMENT

 

January
1, 2018

 

 

 

    	 	 	 

     

    

 

TRXADE
GROUP, INC.

 

STOCKHOLDER
AGREEMENT

 

This
Stockholder Agreement (this “Agreement”) is made as of January 1, 2019 by and among Trxade Group, Inc.,
a Delaware corporation (the “Company”), the persons and entities listed on Exhibit A (each an
“Investor,” and collectively, the “Investors”) and the persons and entities
listed on Exhibit B (each an “Existing Stockholder,” and collectively, the “Existing
Stockholders”). The Existing Stockholders and the Investors are referred to herein collectively as the “Voting
Parties.”

 

RECITALS

 

WHEREAS,
the Company proposes to sell shares of the Company’s Common Stock, $0.0001 par value per share (“Common Stock”)
to the Investors pursuant to the Letter Agreement (the “Letter Agreement”) and Subscription Agreement
(the “Subscription Agreement”), in addition to other documents, of even date herewith, involving SyncHealth
MSO, LLC and the Company (the “Transaction”).

 

WHEREAS,
as a condition to the Transaction, the Voting Parties have agreed to enter into this Agreement as set forth herein.

 

NOW,
THEREFORE, the parties agree as follows:

 

Section
1

 

VOTING

 

1.1
General. During the term of this Agreement, the Voting Parties each agree to vote all shares of the Company’s voting
securities (at a regular or special meeting of stockholders or by written consent) now or hereafter owned or acquired by them,
whether beneficially or otherwise, or as to which they have voting power (the “Shares”) in accordance
with the provisions of this Agreement.

 

Section
2

 

ELECTION
OF DIRECTORS

 

2.1
Voting. During the term of this Agreement, each Voting Party agrees to vote all Shares in such manner as may be necessary
to elect (and maintain in office) as members of the Company’s board of directors the following individuals:

 

(a)
Two (2) Founder Designees (as defined below) as the Founder Directors; and

 

(b)
Two (2) or Three (3) Independent Designees (as defined below), as determined by the Founder Directors.

 

    	 	-1-	 

     

    

 

(c)
Size of the Board. Each of the Voting Parties agrees to vote, or cause to be voted, all Shares (as defined below) held
by such Stockholder, or over which such Stockholder has voting power or control, from time to time and at all times, in whatever
manner as shall be necessary to ensure that the size of the Board shall be set and remain at four (4) directors, or if requested
by the holders of a majority of the Shares of Common Stock held by the Founders, up to five (5) directors. For purposes of this
Agreement, the term “Shares” shall mean and include any securities the holders of which are entitled to vote
for members of the Board, including without limitation, all shares of Common Stock, any preferred stock of the Company and any
other securities convertible or exchangeable for shares of Common Stock or voting capital stock of the Company, by whatever name
called, whether now held or subsequently acquired, however acquired, whether through purchase, gift, stock splits, stock dividends,
reclassifications, recapitalizations, similar events or otherwise.

 

2.2
Designation of Directors. The designees to the Company’s board of directors described above (each a “Designee”)
shall be selected as follows:

 

(a)
The two “Founder Designees” shall be, for so long as Suren Ajjarapu and Prashant Patel (collectively,
the “Founders”) directly hold at least fifty percent (50%) of the shares of Common Stock held by the
Founders immediately after the Closing as defined in the Subscription Agreement (as adjusted for any stock dividend, stock split,
combination of shares, reorganization, recapitalization, reclassification or other similar event), two (2) individuals designated
by the holders of a majority of the Shares of Common Stock held by the Founders, which individuals shall initially be Suren Ajjarapu
and Prashant Patel.

 

(b)
The two to three “Independent Designees” shall be, for so long as Suren Ajjarapu and Prashant Patel
(collectively, the “Founders”) directly hold at least fifty percent (50%) of the shares of Common Stock
held by the Founders immediately after the Closing as defined in the Subscription Agreement (as adjusted for any stock dividend,
stock split, combination of shares, reorganization, recapitalization, reclassification or other similar event), two (2) or three
(3) individuals (as determined by the Founders) designated by the holders of a majority of the Shares of Common Stock held by
the Founders, which individuals shall initially be Donald Fell and Michael Peterson.

 

For
purposes of this Agreement, an individual, firm, corporation, partnership, association, limited liability company, trust or any
other entity (collectively, a “Person”) shall be deemed an “Affiliate” of another Person
who, directly or indirectly, controls, is controlled by or is under common control with such Person, including, without limitation,
any general partner, managing member, officer or director of such Person or any venture capital fund now or hereafter existing
that is controlled by one or more general partners or managing members of, or shares the same management company with, such Person.

 

2.3
Current Designees. For the purpose of this Agreement, the directors of the Company shall be deemed to include the following
Designees:

 

(a)
The Founder Designees: Suren Ajjarapu and Prashant Patel.

 

(b)
The Independent Designees Michael Peterson and Donald Fell.

 

    	 	-2-	 

     

    

 

2.4
Changes in Designees. From time to time during the term of this Agreement, Founders may select a change to the Designee pursuant
to this Agreement may, in their sole discretion:

 

(a)
notify the Company in writing of an intention to remove from the Company’s board of directors any incumbent Designee who
occupies a board seat for which such Voting Parties are entitled to designate the Designee; or

 

(b)
notify the Company in writing of an intention to select a new Designee for election to a board seat for which such Voting Parties
are entitled to designate the Designee (whether to replace a prior Designee or to fill a vacancy in such board seat).

 

In
the event of such an initiation of a removal or selection of a Designee under this section, the Company shall take such reasonable
actions as are necessary to facilitate such removals or elections, including, without limitation, soliciting the votes of the
appropriate stockholders, and the Voting Parties shall vote their Shares to cause: (a) the removal from the Company’s board
of directors of the Designee or Designees so designated for removal; and (b) the election to the Company’s board of directors
of any new Designee or Designees so designated.

 

2.5
No Liability for Election of Recommended Director. Subject to Section 2.6, none of the parties and no officer, director, member,
stockholder, partner, employee or agent of any party makes any representation or warranty as to the fitness or competence of the
nominee of any party hereunder to serve on the board of directors by virtue of such party’s execution of this Agreement
or by the act of such party in voting for such nominee pursuant to this Agreement.

 

2.6
No “Bad Actor” Disqualification. Each party to this Agreement with the right to designate or participate in the
designation of a director as specified above hereby represents and warrants to the Company that, to such party’s knowledge,
none of the “bad actor” disqualifying events described in Rule 506(d)(1)(i)-(viii) promulgated under the Securities
Act of 1933, as amended (the “Securities Act”) (each, a “Disqualification Event”),
is applicable to such party’s initial designee named above except, if applicable, for a Disqualification Event as to which
Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable. Any director designee to whom any Disqualification Event is applicable, except
for a Disqualification Event as to which Rule 506(d)(2)(ii) or (iii) or (d)(3) is applicable, is hereinafter referred to as a
“Disqualified Designee”. Each party to this Agreement with the right to designate or participate in the designation
of a director as specified above hereby covenants and agrees (A) not to designate or participate in the designation of any director
designee who, to such party’s knowledge, is a Disqualified Designee and (B) that in the event such party becomes aware that
any individual previously designated by any such party is or has become a Disqualified Designee, such party shall as promptly
as practicable take such actions as are necessary to remove such Disqualified Designee from the Company’s board of directors
and designate a replacement designee who is not a Disqualified Designee.

 

2.7
Vote to Increase Authorized Common Stock for stock split, or reverse stock split. Each Voting Party agrees to vote all Shares
in such manner as may be necessary to increase the number of authorized shares of Common Stock from time to time to ensure that
there will be sufficient shares of Common Stock available (i) for conversion of all of the shares of Preferred Stock outstanding
at any given time, (ii) for obligations of the Company, or (iii) as otherwise determined by the Founders. Each Voting Party agrees
to vote all Shares in such manner as may be necessary for a stock split or reverse stock split, if requested by the Founders.

 

    	 	-3-	 

     

    

 

2.8
Insider Trading Policy. The Investors shall abide by the Company’s Insider Trading Policy, as amended from time to time.

 

Section
3

 

DRAG-ALONG
RIGHTS

 

3.1
Drag-Along Rights. If (i) the Company’s board of directors and (ii) both Founders approve a Change of Control Transaction
(as defined below), each of the Investors and the Existing Stockholders agree (i) to vote all Shares held by such Investor or
Existing Stockholder in favor of such Change of Control Transaction, (ii) to sell or exchange all Shares and any other capital
stock of the Company then held by such Investor or Existing Stockholder pursuant to the terms and conditions of such Change of
Control Transaction, (iii) to execute and deliver all related documentation and take such other action in support of the Change
of Control Transaction as shall be reasonably requested by the Company or the Investors holding a majority of the Shares held
by all Investors in order to carry out the terms and provision of this Section 3.1, (iv) not to deposit, and to cause their affiliates
not to deposit, except as provided in this Agreement, any Shares of the Company owned by such party or affiliate in a voting trust
or subject any Shares to any arrangement or agreement with respect to the voting of such Shares, unless specifically requested
to do so by the acquiror in connection with the Change of Control Transaction, and (v) to refrain from exercising (and each Investor
or Existing Stockholder hereby waives) any dissenters’ rights or rights of appraisal under applicable law at any time with
respect to such Change of Control Transaction, subject to the following conditions:

 

(a)
no Investor or Existing Stockholder shall be required to make any representation, covenant or warranty in connection with the
Change of Control Transaction, other than as to (i) such Investor’s or Existing Stockholder’s ownership and authority
to sell, free of liens, claims and encumbrances, the capital stock of the Company proposed to be sold by such Investor or Existing
Stockholder, respectively, (ii) the obligations of the Investor or Existing Stockholder in connection with the Change of Control
Transaction have been duly authorized, if applicable, (iii) the documents to be entered into by the Investor or Existing Stockholder
have been duly executed by the Investor or Existing Stockholder, as applicable, and delivered to the acquirer and are enforceable
against the Investor or Existing Stockholder, as applicable, in accordance with their respective terms, and (iv) neither the execution
and delivery of documents to be entered into in connection with the Change of Control Transaction, nor the performance of the
Investor’s or Existing Stockholder’s obligations thereunder, will cause a breach or violation of (I) the terms of
any charter document or material agreement of an Investor or Existing Stockholder or (II) judgment, order or decree of any court
or governmental agency to which such Investor or Existing Stockholder is subject; provided, that such Investor or Existing Stockholder
shall be entitled to make appropriate disclosures to the extent necessary to make any such representations or warranties accurate;

 

    	 	-4-	 

     

    

 

(b)
no Investor or Existing Stockholder shall be liable for the inaccuracy of any representation or warranty made by any other party
in connection with the Change of Control Transaction, other than the Company (except to the extent that funds may be paid out
of an escrow established to cover breach of representations, warranties and covenants of the Company as well as breach by any
stockholder of any of identical representations, warranties and covenants provided by all stockholders);

 

(c)
the liability for indemnification, if any, of such Investor or Existing Stockholder in the Change of Control Transaction and for
the inaccuracy of any representations and warranties made by the Company or its stockholders in connection with such Change of
Control Transaction, is several and not joint with any other Investor or Existing Stockholder (except to the extent that funds
may be paid out of an escrow established to cover breach of representations, warranties and covenants of the Company as well as
breach by any stockholder of any of identical representations, warranties and covenants provided by all stockholders);

 

(d)
liability shall be limited to such Investor’s or Existing Stockholder’s applicable share (determined based on the
respective proceeds payable to each Investor and Existing Stockholder in connection with such Change of Control Transaction in
accordance with the provisions of the amended and restated certificate of incorporation) of a negotiated aggregate indemnification
amount that applies equally to all Investors and Existing Stockholders but that in no event exceeds such Investor’s or Existing
Stockholder’s pro rata share of an escrow or other holdback; provided, that with respect to claims related to fraud
by any Investor or Existing Stockholder, liability with respect thereto need not be limited as to such Investor or Existing Stockholder;

 

(e)
upon the consummation of the Change of Control Transaction (i) each holder of each class or series of the Company’s stock
will receive the same form of consideration for their shares of such class or series as is received by other holders in respect
of their shares of such same class or series of stock, (ii) each holder of a series of Preferred Stock will receive the same amount
of consideration per share of such series of Preferred Stock as is received by other holders in respect of their shares of such
same series, (iii) each holder of Common Stock will receive the same amount of consideration per share of Common Stock as is received
by other holders in respect of their shares of Common Stock, and (iv) the aggregate consideration receivable by all holders of
the Preferred Stock and Common Stock shall be allocated among the holders of Preferred Stock and Common Stock on the basis of
the relative liquidation preferences to which the holders of each respective series of Preferred Stock and the holders of Common
Stock are entitled in a Deemed Liquidation Transaction (assuming for this purpose that the Change of Control Transaction is a
Deemed Liquidation Transaction) in accordance with the amended and restated certificate of incorporation in effect immediately
prior to the Change of Control Transaction; and

 

(f)
each class and series of capital stock of the Company will be entitled to receive the same form of consideration (and be subject
to the same indemnity and escrow provisions) as a result of such Change of Control Transaction.

 

3.2
Covenants of the Company. The Company agrees to use its best efforts, within the requirements of applicable law, to ensure
that the rights granted under this Agreement are effective and that the parties enjoy the benefits of this Agreement. Such actions
include, without limitation, the use of the Company’s best efforts to cause the nomination and election of the directors
as provided in this Agreement.

 

    	 	-5-	 

     

    

 

3.3
Irrevocable Proxy and Power of Attorney. Each Voting Party hereby constitutes and appoints as the proxies of such party and
hereby grants a power of attorney to the Founder Directors and any other designee of the Investors holding a majority of the Shares
held by all Investors, and each of them, with full power of substitution, solely with respect to the following matters: election
of persons as members of the Company’s board of directors in accordance with Section 2.1, votes to increase authorized shares
pursuant to Section 2.7 and votes regarding any Sale of the Company in accordance with the terms of Section 3.1, and hereby authorizes
each of them to represent and vote, if and only if such party (i) fails to vote, or (ii) attempts to vote (whether by proxy, in
person or by written consent), in a manner which is inconsistent with the terms of this Agreement, all of such party’s Shares
in favor of the election of persons as members of the Company’s board of directors determined pursuant to and in accordance
with the terms and provisions of this Agreement or the increase of authorized shares or approval of any Change of Control Transaction
pursuant to and in accordance with the terms and provisions of Sections 2.7 and 3.1, respectively, of this Agreement or to take
any action necessary to effect Sections 2.7 and 3.1, respectively, of this Agreement. Each of the proxy and power of attorney
granted pursuant to the immediately preceding sentence is given in consideration of the agreements and covenants of the Company
and the parties in connection with the transactions contemplated by this Agreement and, as such, each is coupled with an interest
and shall be irrevocable unless and until this Agreement terminates or expires pursuant to Section 4.1. Each Voting Party hereto
hereby revokes any and all previous proxies or powers of attorney with respect to the Shares and shall not hereafter, unless and
until this Agreement terminates or expires pursuant to Section 4.1, purport to grant any other proxy or power of attorney with
respect to any of the Shares, deposit any of the Shares into a voting trust or enter into any agreement (other than this Agreement),
arrangement or understanding with any person, directly or indirectly, to vote, grant any proxy or give instructions with respect
to the voting of any of the Shares, in each case, with respect to any of the matters set forth in this Section 3.3.

 

3.4
Specific Enforcement. Each party acknowledges and agrees that each party hereto will be irreparably damaged in the event any
of the provisions of this Agreement are not performed by the parties in accordance with their specific terms or are otherwise
breached. Accordingly, each party shall be entitled (in addition to any other remedy to which such party may be entitled at law
or in equity) to injunctive relief, including specific performance, to enforce such obligations, without the posting of any bond
and if any action should be brought in equity to enforce any of the provisions of this Agreement, none of the parties hereto shall
raise the defense that there is an adequate remedy at law

 

    	 	-6-	 

     

    

 

Section
4

 

TERMINATION

 

4.1
Termination. This Agreement shall terminate upon the earlier of (i) a Change of Control Transaction (as defined below); (ii)
with respect to any Founder, when said Founder holds less than fifty percent (50%) of the shares of Common Stock directly held
by such Founder immediately after the Closing as defined in the Subscription Agreement (as adjusted for any stock dividend, stock
split, combination of shares, reorganization, recapitalization, reclassification or other similar event), or (iv) termination
of this Agreement in accordance with Section 7.10. “Change of Control Transaction” means either (a) the acquisition
of the Company by another entity by means of any transaction or series of related transactions to which the Company is party (including,
without limitation, any stock acquisition, reorganization, merger or consolidation, but excluding any sale of stock for capital
raising purposes) other than a transaction or series of related transactions in which the holders of the voting securities of
the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such
transaction or series of related transactions, as a result of shares in the Company held by such holders prior to such transaction
or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities
of the Company or such other surviving or resulting entity (or if the Company or such other surviving or resulting entity is a
wholly-owned subsidiary immediately following such acquisition, its parent); or (b) a sale, lease or other disposition of all
or substantially all of the assets of the Company and its subsidiaries taken as a whole by means of any transaction or series
of related transactions, except where such sale, lease or other disposition is to a wholly-owned subsidiary of the Company.

 

Section
5

 

ADDITIONAL
SHARES

 

5.1
Additional Shares. In the event that subsequent to the date of this Agreement any shares or other securities (other than pursuant
to a Change of Control Transaction) are issued on, or in exchange for, any of the Shares by reason of any stock dividend, stock
split, consolidation of shares, reclassification or consolidation involving the Company, such shares or securities shall be deemed
to be Shares for purposes of this Agreement.

 

5.2
Transfers. Each transferee or assignee of any Shares subject to this Agreement shall continue to be subject to the terms hereof,
and, as a condition precedent to the Company’s recognizing such transfer, each transferee or assignee shall agree in writing
to be subject to each of the terms of this Agreement by executing and delivering an Adoption Agreement substantially in the form
attached hereto as Exhibit C. Upon the execution and delivery of an Adoption Agreement by any transferee, such transferee
shall be deemed to be a party hereto as if such transferee were the transferor and such transferee’s signature appeared
on the signature pages of this Agreement and shall be deemed to be an Investor and Voting Party. The Company shall not permit
the transfer of the Shares subject to this Agreement on its books or issue a new certificate representing any such Shares unless
and until such transferee shall have complied with the terms of this Section 5.2. Each certificate instrument or book entry representing
the Shares subject to this Agreement if issued on or after the date of this Agreement shall be notated by the Company with the
legend set forth in Section 6.1.

 

    	 	-7-	 

     

    

 

Section
6

 

RESTRICTIVE
LEGEND

 

6.1
Restrictive Legend. Each certificate representing any of the Shares subject to this Agreement shall be marked by the Company
with a legend reading substantially as follows:

 

THE
SHARES EVIDENCED HEREBY ARE SUBJECT TO A STOCKHOLDER AGREEMENT (A COPY OF WHICH MAY BE OBTAINED FROM THE ISSUER) AND BY ACCEPTING
ANY INTEREST IN SUCH SHARES THE PERSON HOLDING SUCH INTEREST SHALL BE DEEMED TO AGREE TO AND SHALL BECOME BOUND BY ALL THE PROVISIONS
OF SAID STOCKHOLDER AGREEMENT.

 

Section
7

 

MISCELLANEOUS

 

7.1
Certain Definitions. Shares “held” by a Voting Party shall mean any Shares directly or indirectly owned (of record
or beneficially) by such Voting Party or as to which such Voting Party has voting power. “Vote” shall include any
exercise of voting rights whether at an annual or special meeting or by written consent or in any other manner permitted by applicable
law. A “majority of shares” or a “majority-in-interest” of either (i) Existing Stockholders or (ii) the
Investors shall mean the holders of a majority of the Common Stock (determined on an as-converted basis) then held by such group.

 

7.2
Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered
or certified mail, postage prepaid, sent by facsimile or electronic mail (if to a Voting Party) or otherwise delivered by hand,
messenger or courier service addressed:

 

(a)
if to a Voting Party, to the Voting Party’s address, facsimile number or electronic mail address as shown in the exhibits
to this Agreement or in the Company’s records, as may be updated in accordance with the provisions hereof, or, until any
such Voting Party so furnishes an address, facsimile number or electronic mail address to the Company, then to the address, facsimile
number or electronic mail address of the last holder of the relevant Shares for which the Company has contact information in its
records; or

 

(b)
if to the Company, to the attention of the Chief Executive Officer of the Company at 3840 Land O’ Lakes Blvd., Land O’
Lakes, FL 34639, or at such other current address as the Company shall have furnished to the Voting Parties.

 

Each
such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given (i) if
delivered by hand, messenger or courier service, when delivered (or if sent via a nationally-recognized overnight courier service,
freight prepaid, specifying next-business-day delivery, one business day after deposit with the courier), or (ii) if sent via
mail, at the earlier of its receipt or five days after the same has been deposited in a regularly-maintained receptacle for the
deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if sent via facsimile, upon confirmation of facsimile
transfer or, if sent via electronic mail, upon confirmation of delivery when directed to the relevant electronic mail address,
if sent during normal business hours of the recipient, or if not sent during normal business hours of the recipient, then on the
recipient’s next business day. In the event of any conflict between the Company’s books and records and this Agreement
or any notice delivered hereunder, the Company’s books and records will control absent fraud or error.

 

    	 	-8-	 

     

    

 

7.3
Successors and Assigns. The provisions of this Agreement shall inure to the benefit of, and be binding upon, the successors,
assigns, heirs, executors and administrators of the parties. The Company shall not permit the transfer of any Shares on its books
or issue a new certificate representing any Shares unless and until the person to whom such security is to be transferred shall
have executed a written agreement pursuant to which such person becomes a party to this Agreement and agrees to be bound by all
the provisions hereof as if such person was a Voting Party, and Existing Stockholder or Investor, as applicable, hereunder.

 

7.4
Governing Law. This Agreement shall be governed in all respects by the internal laws of the State of Delaware as applied to
agreements entered into among Delaware residents to be performed entirely within Delaware, without regard to principles of conflicts
of law.

 

7.5
Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be considered
in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless
otherwise provided, refer to sections and paragraphs hereof and exhibits attached hereto.

 

7.6
Further Assurances. Each party agrees to execute and deliver, by the proper exercise of its corporate, limited liability company,
partnership or other powers, all such other and additional instruments and documents and do all such other acts and things as
may be necessary to more fully effectuate this Agreement.

 

7.7
Entire Agreement. This Agreement and the exhibits hereto constitute the full and entire understanding and agreement between
the parties with regard to the subjects hereof and supersedes in its entirety the Prior Agreement, which shall have no further
force and effect. No party shall be liable or bound to any other party in any manner with regard to the subjects hereof or thereof
by any warranties, representations or covenants except as specifically set forth herein.

 

7.8
Not a Voting Trust. This Agreement is not a voting trust governed by Section 218 of the Delaware General Corporation Law and
should not be interpreted as such.

 

7.9
Specific Performance. It is agreed and understood that monetary damages would not adequately compensate an injured party for
the breach of this Agreement by any party, that this Agreement shall be specifically enforceable, and that any breach or threatened
breach of this Agreement shall be the proper subject of a temporary or permanent injunction or restraining order. Further, each
party waives any claim or defense that there is an adequate remedy at law for such breach or threatened breach.

 

7.10
Amendment. Except as expressly provided herein, neither this Agreement nor any term hereof may be amended, waived, discharged
or terminated other than by a written instrument referencing this Agreement and signed by (i) the Company, (ii) the Founders holding
at least a majority of the Shares then held by the Founders, and (iii) the Investors holding at least a majority of the Shares
held by all Investors (determined on an as-converted basis); provided, however, that additional Existing Stockholders
pursuant to Section 7.11 may become parties to this Agreement without any amendment of this Agreement pursuant to this paragraph
or any consent or approval of any other Voting Party. Any such amendment, waiver, discharge or termination effected in accordance
with this paragraph shall be binding upon the Company and each Voting Party that has entered into this Agreement and their respective
successors and permitted assigns, whether or not such party, successor or assignee entered into or approved such amendment, waiver,
discharge or termination. Each Voting Party acknowledges that by the operation of this paragraph (and subject to the limitations
herein), (i) the Company, (ii) the Founders holding at least a majority of the Shares then held by the Founders, and (iii) the
Investors holding a majority of the Shares (determined on an as-converted basis) held by all Investors will collectively have
the right and power to diminish or eliminate the rights of such Voting Party under this Agreement. The Company shall give prompt
written notice of any amendment, waiver, discharge or termination hereunder to any party hereto that did not consent in writing
to such amendment, waiver, discharge or termination.

 

    	 	-9-	 

     

    

 

7.11
No Waiver. The failure or delay by a party to enforce any provision of this Agreement will not in any way be construed as
a waiver of any such provision or prevent that party from thereafter enforcing any other provision of this Agreement. The rights
granted both parties hereunder are cumulative and will not constitute a waiver of either party’s right to assert any other
legal remedy available to it.

 

7.12
Jurisdiction and Venue. With respect to any disputes arising out of or related to this Agreement, the parties consent to the
exclusive jurisdiction of, and venue in, Court of Chancery in the State of Delaware. Each of the parties also agrees that the
jurisdiction over the person of such parties and the subject matter of such dispute shall be effected by the mailing of process
or other papers in connection with any such action in the manner provided for in Section 7.2 or in such other manner as may be
lawful, and that service in such manner shall constitute valid and sufficient service of process.

 

7.13
Attorney’s Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the
prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing
any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees
and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals.

 

7.14
Severability. If any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary, shall be severed
from this Agreement, and such court will replace such illegal, void or unenforceable provision of this Agreement with a valid
and enforceable provision that will achieve, to the extent possible, the same economic, business and other purposes of the illegal,
void or unenforceable provision. The balance of this Agreement shall be enforceable in accordance with its terms.

 

7.15
Counterparts. This Agreement may be executed in one or more counterparts, each of which will be deemed an original, but all
of which together will constitute one and the same agreement. Facsimile copies of signed signature pages will be deemed binding
originals.

 

7.16
Jury Trial. EACH OF THE PARTIES HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY AND ALL RIGHT TO TRIAL
BY JURY IN ANY LEGAL PROCEEDING (WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATED TO THIS AGREEMENT.

 

[Signature
page follows]

 

    	 	-10-	 

     

    

 

The
parties are signing this Stockholder Agreement as of the date stated in the introductory clause.

 

	 	TRXADE
    GROUP, INC.
	 	a Delaware
    corporation
	 	 	 
	 	By:	 
	 	Name:	Suren Ajjarapu, CEO
    

 

Signature
Page to Stockholder Agreement

 

    	 	 	 

     

    

 

The
parties are signing this Stockholder Agreement as of the date stated in the introductory clause.

 

	INVESTOR:	 
	 	 	 
	By:	 	 
	Name: 	 	 
	Title:	Authorized
    Officer	 

 

Signature
Page to Stockholder Agreement

 

    	 	 	 

     

    

 

The
parties are signing this Stockholder Agreement as of the date stated in the introductory clause.

 

	 	 	EXISTING
    STOCKHOLDER:
	 	 	 
	 	 	SUREN
    AJJARAPU
	 	 	 
	 	 	By:	                          
	 	 	 	 
	 	 	PRASHANT
    PATEL
	 	 	 	 
	 	 	By:	                          
	 	 	 	 
		 	 	 

 

Signature
Page to Stockholder Agreement

 

    	 	 	 

     

    

 

EXHIBIT
C

 

ADOPTION
AGREEMENT

 

This
Adoption Agreement (“Adoption Agreement”) is executed on ___________________, 20__, by the undersigned (the
“Holder”) pursuant to the terms of that certain Stockholder Agreement dated as of January 1, 2019 (the “Agreement”),
by and among the Company, the Investors and the Existing Stockholders, as such Agreement may be amended or amended and restated
hereafter. Capitalized terms used but not defined in this Adoption Agreement shall have the respective meanings ascribed to such
terms in the Agreement. By the execution of this Adoption Agreement, the Holder agrees as follows.

 

1.1
Acknowledgement. Holder acknowledges that Holder is acquiring certain shares of the capital stock of the Company (the “Stock”)[
or options, warrants, or other rights to purchase such Stock (the “Options”)], for one of the following reasons
(Check the correct box):

 

	 	[  ]	As
    a transferee of Shares from a party in such party’s capacity as an “Investor” bound by the Agreement, and
    after such transfer, Holder shall be considered an “Investor” and a “Voting Party” for all purposes
    of the Agreement.
	 	 	 
	 	[  ]	As
    a transferee of Shares from a party in such party’s capacity as a “Existing Stockholder” bound by the Agreement,
    and after such transfer, Holder shall be considered a “Existing Stockholder” and a “Voting Party”
    for all purposes of the Agreement.
	 	 	 
	 	[  ]	As
    a new Investor in accordance with Section 5.1 of the Agreement, in which case Holder will be an “Investor” and
    a “Voting Party” for all purposes of the Agreement.

 

1.2
Agreement. Holder hereby (a) agrees that the Stock, and any other shares of capital stock or securities required by the
Agreement to be bound thereby, shall be bound by and subject to the terms of the Agreement and (b) adopts the Agreement with the
same force and effect as if Holder were originally a party thereto.

 

1.3
Notice. Any notice required or permitted by the Agreement shall be given to Holder at the address or facsimile number listed
below Holder’s signature hereto.

 

	HOLDER:	 	 	ACCEPTED
    AND AGREED:

 

	By: 	 	 	TRXADE
    GROUP, INC.

 

	Name and
    Title of Signatory	 

 

	Address:
    	 	 	By: 	 

 

	 	 	 	Title:
    	 

 

	Facsimile
    Number:TRXADE
GROUP, Inc.

SUBSCRIPTION
AGREEMENT

 

Restricted
Common Stock 

 

The
securities offered hereby are speculative and involve a high degree of risk, and should not be purchased by anyone who cannot
afford the loss of the entire amount of his or her investment. See “RISK FACTORS,” from our Form 10, as amended (the
“Form 10”), first filed with the Securities and Exchange Commission (the “SEC”) on June 11, 2014, our
Annual Report on Form 10-K for the period ended December 31, 2017 (the “Form 10-K”) and all subsequent Quarterly Reports
on Form 10-Q (collectively, the Form 10 and the Form 10-K, Form 10-Q, and all other public filings with the SEC are referred to
hereinafter as the “Public Filings”). The RISK FACTORS from our Public Filings and other information therein are incorporated
herein by reference. This offering is not complete without reviewing the information presented in these documents. You can review
these documents free of charge at the SEC website, www.SEC.gov.

 

1. Subscription:

 

 (a)
The undersigned (individually and/or collectively, the “Participant”) hereby applies to purchase shares of
restricted Common Stock (the “Shares” or the “Common Stock”) of Trxade Group, Inc., a Delaware
corporation (the “Company”), in accordance with the terms and conditions of this Subscription Agreement (the
“Subscription”) and that certain Letter Agreement by and between the Participant and the Company dated as of
even date herewith (the “Letter Agreement”).

 

(b)
Before this Subscription is considered, the Participant must complete, execute and deliver to the Company the following:

 

(i)
This Subscription;

 

(ii)
The Certificate of Accredited Investor Status, attached hereto as Exhibit A;

 

(c)
This Subscription is irrevocable by the Participant.

 

(d)
This Subscription is not transferable or assignable by the Participant.

 

(e)
Participant’s execution and delivery of this Subscription will not constitute an agreement between the undersigned and the
Company until this Agreement has been accepted and executed by the Company.

 

    	___________	 	Subscription Agreement
	Participant’s Initials	1	Trxade Group, Inc.

     

    

 

2.
Representations by Participant. In consideration of the Company’s acceptance of the Subscription, Participant makes
the following representations and warranties to the Company and to its principals, jointly and severally, which warranties and
representations shall survive any acceptance of the Subscription by the Company:

 

(a)
Prior to the time of purchase of any Shares, Participant has had the opportunity to ask questions and receive any information
from persons acting on behalf of the Company to verify Participant’s understanding of the terms thereof and of the Company’s
business and status thereof. Participants also acknowledges that Participant has made the decision to invest in the Shares solely
on the basis of publicly available information about the Company in the Company’s filings with the Securities and Exchange
Commission (the “Public Information”), and the such Public Information and Memorandum currently contain only
limited financial data about the Company. Participant acknowledges that no officer, director, broker-dealer, placement agent,
finder or other person affiliated with the Company has given Participant any information or made any representations, oral or
written, other than as provided in the Memorandum, Public Information, on which Participant has relied upon in deciding to invest
in the Shares, including without limitation, any information with respect to future acquisitions, mergers, financial projections
or anticipated operations of the Company or the economic returns which may accrue as a result of the purchase of the Shares.

 

(b)
Participant acknowledges that Participant has not seen, received, been presented with, or been solicited by any leaflet, public
promotional meeting, newspaper or magazine article or advertisement, radio or television advertisement, or any other form of advertising
or general solicitation with respect to the Shares.

 

(c)
The Shares are being purchased for Participant’s own account for long-term investment and not with a view to immediately
re-sell the Shares. No other person or entity will have any direct or indirect beneficial interest in, or right to, the Shares.

 

(d)
Participant acknowledges that the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities
Act”), or qualified under the California Securities Law, or any other applicable blue sky laws, in reliance, in part,
on Participant’s representations, warranties and agreements made herein. 

 

(e)
Other than the rights specifically set forth in this Subscription, Participant represents, warrants and agrees that the Company
and the officers of the Company (the “Company’s Officers”) are under no obligation to register or qualify
the Shares under the Securities Act or under any state securities law, or to assist the undersigned in complying with any exemption
from registration and qualification.

 

(f)
Participant represents that Participant meets the criteria for participation because: (i) Participant has a preexisting personal
or business relationship with the Company or one or more of its partners, officers, directors or controlling persons; or (ii)
by reason of Participant’s business or financial experience, or by reason of the business or financial experience of its
financial advisors who are unaffiliated with, and are not compensated, directly or indirectly, by the Company or any affiliate
or selling agent of the Company, Participant is capable of evaluating the risk and merits of an investment in the Shares and of
protecting its own interests.

 

(g)
Participant represents that Participant is an “accredited investor” within the meaning of Rule 501 of Regulation D
under the Securities Act and Participant has executed the Certificate of Accredited Investor Status, attached hereto as Exhibit
A.

 

(h)
Participant understands that the Shares are illiquid, and until registered with the Securities Exchange Commission, or an exemption
from registration becomes available, cannot be readily sold as there will not be a public market for them, and that Participant
may not be able to sell or dispose of the Shares, or to utilize the Shares as collateral for a loan. Participant must not purchase
the Shares unless Participant has liquid assets sufficient to assure Participant that such purchase will cause it no undue financial
difficulties, and that Participant can still provide for current and possible personal contingencies, and that the commitment
herein for the Shares, combined with other investments of Participant, is reasonable in relation to its net worth.

 

    	___________	 	Subscription Agreement
	Participant’s Initials	2	Trxade Group, Inc.

     

    

 

(i)
Participant understands that the right to transfer the Shares will be restricted unless the transfer is not in violation of the
Securities Act, the California Securities Law, and any other applicable state securities laws (including investment suitability
standards), that the Company will not consent to a transfer of the Shares unless the transferee represents that such transferee
meets the financial suitability standards required of an initial participant, and that the Company has the right, in its absolute
discretion, to refuse to consent to such transfer.

 

(j)
Further, Participant is aware that the Company was previously a shell company, and therefore the exemption offered pursuant to
Rule 144 is not currently available. Notwithstanding the foregoing, however, Participant is aware that because the Company has
filed current “Form 10 information” with the Securities and Exchange Commission reflecting its status as an entity
that is no longer a shell company, if (i) the Company remains subject to the reporting requirements of section 13 or 15(d) of
the Exchange Act; and (ii) if the Company has filed all reports and other materials required to be filed by section 13 or 15(d)
of the Exchange Act, as applicable, during the preceding 12 months; then the Shares issued in connection with this Offering may
be sold subject to Rule 144 (and applicable holding periods) and other applicable securities laws after one year has elapsed from
the date that the Company file D “Form 10 information” with the Securities and Exchange Commission.

 

(k)
Participant has been advised to consult with its own attorney or attorneys regarding all legal matters concerning an investment
in the Company and the tax consequences of purchasing the Shares, and have done so, to the extent Participant considers necessary.

 

(l)
Participant acknowledges that the tax consequences of investing in the Company will depend on particular circumstances, and neither
the Company, the Company’s officers, any other investors, nor the partners, shareholders, members, managers, agents, officers,
directors, employees, affiliates or consultants of any of them, will be responsible or liable for the tax consequences to Participant
of an investment in the Company. Participant will look solely to and rely upon its own advisers with respect to the tax consequences
of this investment.

 

(m)
All information which Participant has provided to the Company concerning Participant, its financial position and its knowledge
of financial and business matters, and any information found in the Certificate of Accredited Investor Status, is truthful, accurate,
correct, and complete as of the date set forth herein.

 

(l)
Each certificate or instrument representing securities issuable pursuant to this Agreement will be endorsed with the following
legend:

 

THE
SECURITIES EVIDENCED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE
SOLD, TRANSFERRED, ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT COVERING SUCH SECURITIES,
THE TRANSFER IS MADE IN COMPLIANCE WITH RULE 144 PROMULGATED UNDER SUCH ACT OR THE COMPANY RECEIVES AN OPINION OF COUNSEL FOR
THE HOLDER OF THESE SECURITIES WHICH IS SATISFACTORY TO THE COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION
IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF SUCH ACT.

 

    	___________	 	Subscription Agreement
	Participant’s Initials	3	Trxade Group, Inc.

     

    

 

3.
Representations and Warranties by the Company. The Company represents and warrants that:

 

(a)
Due Incorporation. The Company is a corporation duly organized, validly existing and in good standing under the laws of
the jurisdiction of its incorporation and has the requisite corporate power to own its properties and to carry on its business
as now being conducted. The Company is duly qualified as a foreign corporation to do business and is in good standing in each
jurisdiction where the nature of the business conducted or property owned by it makes such qualification necessary, other than
those jurisdictions in which the failure to so qualify would not have a material adverse effect on the business, operations or
financial condition of the Company.

 

(b)
Outstanding Stock. All issued and outstanding shares of capital stock of the Company have been duly authorized and validly
issued and are fully paid and non-assessable.

 

(c)
Authority; Enforceability. This Subscription has been duly authorized, executed, and delivered by the Company and are valid
and binding agreements, enforceable in accordance with their terms, subject to bankruptcy, insolvency, fraudulent transfer, reorganization,
moratorium, and similar laws of general applicability relating to or affecting creditors’ rights generally and to general
principles of equity; and the Company has full corporate power and authority necessary to enter into this Subscription and to
perform its obligations hereunder and under all other agreements entered into by the Company relating hereto.

 

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

 

4.
Agreement to Indemnify Company. Participant hereby agrees to indemnify and hold harmless the Company, its principals, the
Company’s officers, directors attorneys, and agents, from any and all damages, costs and expenses (including actual attorneys’
fees) which they may incur: (i) by reason of Participant’s failure to fulfill any of the terms and conditions of this Subscription;
(ii) by reason of Participant’s breach of any of representations, warranties or agreements contained herein (including the
Certificate of Accredited Investor Status); or (iii) with respect to any and all claims made by or involving any person, other
than Participant personally, claiming any interest, right, title, power, or authority in respect to the Shares. Participant further
agrees and acknowledges that these indemnifications shall survive any sale or transfer, or attempted sale or transfer, of any
portion of the Shares.

 

5.
Subscription Binding on Heirs, etc. This Subscription, upon acceptance by the Company, shall be binding upon the heirs, executors,
administrators, successors and assigns of the Participant. If the undersigned is more than one person, the obligations of the
undersigned shall be joint and several and the representations and warranties shall be deemed to be made by and be binding on
each such person and his or her heirs, executors, administrators, successors, and assigns.

 

6.
Execution Authorized. If this Subscription is executed on behalf of a corporation, partnership, trust or other entity, the
undersigned has been duly authorized and empowered to legally represent such entity and to execute this Subscription and all other
instruments in connection with the Shares and the signature of the person is binding upon such entity.

 

    	___________	 	Subscription Agreement
	Participant’s Initials	4	Trxade Group, Inc.

     

    

 

7.
Adoption of Terms and Provisions. The Participant hereby adopts, accepts and agrees to be bound by all the terms and provisions
hereof.

 

8.
Governing Law and Arbitration. Any action to enforce or interpret this Subscription, or to resolve disputes over this Agreement
between the Company and the Participant, will be settled by arbitration in accordance with the rules of the American Arbitration
Association. Arbitration will be the exclusive dispute resolution process, and arbitration will be a held in Tampa, Florida. Any
Party may commence arbitration by sending a written demand for arbitration to the other Parties. The demand will set forth the
nature of the matter to be resolved by arbitration. The Company will select the place of arbitration. The substantive law of the
state of Florida will be applied by the arbitrator to the resolution of the dispute. The Parties will share equally all initial
costs of arbitration. The prevailing Party will be entitled to reimbursement of attorney fees, costs, and expenses incurred in
connection with the arbitration. All decisions of the arbitrator will be final, binding, and conclusive on all Parties. Judgment
may be entered on any such decision in accordance with applicable law in any court having jurisdiction of it. The arbitrator (if
permitted under applicable law) or the court may issue a writ of execution to enforce the arbitrator’s decision. TO THE
EXTENT EACH MAY LEGALLY DO SO, EACH PARTY HERETO HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION,
CAUSE OF ACTION, OR PROCEEDING ARISING UNDER OR WITH RESPECT TO THIS SUBSCRIPTION, OR IN ANY WAY CONNECTED WITH, OR RELATED TO,
OR INCIDENTAL TO, THE DEALING OF THE PARTIES HERETO WITH RESPECT TO THIS AGREEMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH
CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND IRRESPECTIVE OF WHETHER SOUNDING IN CONTRACT, TORT, OR OTHERWISE. TO THE EXTENT
EACH MAY LEGALLY DO SO, EACH PARTY HERETO HEREBY AGREES THAT ANY SUCH CLAIM, DEMAND, ACTION, OR PROCEEDING SHALL BE DECIDED BY
A COURT TRIAL WITHOUT A JURY AND THAT EITHER PARTY HERETO MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS AGREEMENT WITH ANY
COURT AS WRITTEN EVIDENCE OF THE CONSENT OF ANY OTHER PARTY HERETO TO THE WAIVER OF ITS RIGHT TO TRIAL BY JURY.

 

9.
Investor Information: (This must be consistent with the form of ownership selected below and the information provided in the
Certificate of Accredited Investor Status (Exhibit A, included herewith.)

 

Name
(please print):__________________________________________________________

 

If
entity named above, By:_____________________________________________________

Its:_____________________________________________________

 

Social
Security or Taxpayer I.D. Number:__________________________________________

 

Business
Address (including zip code):___________________________________________

 

_________________________________________________________________________

 

Business
Phone: ____________________________________________________________

 

    	___________	 	Subscription Agreement
	Participant’s Initials	5	Trxade Group, Inc.

     

    

 

Residence
Address (including zip code):__________________________________________

 

_________________________________________________________________________

 

Email
Address:_____________________________________________________________

 

Residence
Phone:___________________________________________________________

 

All
communications to be sent to:

 

______Business
or ______ Residence Address ________ Email

 

Please
indicate below the form in which you will hold title to your interest in the Shares. PLEASE CONSIDER CAREFULLY. ONCE YOUR SUBSCRIPTION
IS ACCEPTED, A CHANGE IN THE FORM OF TITLE CONSTITUTES A TRANSFER OF THE INTEREST IN THE SHARES AND MAY THEREFORE BE RESTRICTED
BY THE TERMS OF THIS SUBSCRIPTION, AND MAY RESULT IN ADDITIONAL COSTS TO YOU. Participants should seek the advice of their attorneys
in deciding in which of the forms they should take ownership of the interest in the Shares, because different forms of ownership
can have varying gift tax, estate tax, income tax, and other consequences, depending on the state of the investor’s domicile
and his or her particular personal circumstances.

 

______
INDIVIDUAL OWNERSHIP (one signature required)

 

______
JOINT TENANTS WITH RIGHT OF SURVIVORSHIP AND NOT AS TENANTS IN COMMON (both or all parties must sign)

 

______
COMMUNITY PROPERTY (one signature required if interest held in one name, i.e., managing spouse; two signatures required if interest
held in both names)

 

______
TENANTS IN COMMON (both or all parties must sign)

 

______
GENERAL PARTNERSHIP (fill out all documents in the name of the PARTNERSHIP, by a PARTNER authorized to sign)

 

______
LIMITED PARTNERSHIP (fill out all documents in the name of the LIMITED PARTNERSHIP, by a GENERAL PARTNER authorized to sign)

 

______
LIMITED LIABILITY COMPANY (fill out all documents in the name of the LIMITED LIABILITY COMPANY, by a member authorized to sign)

 

______
CORPORATION (fill out all documents in the name of the CORPORATION, by the President or other officer authorized to sign)

 

______
TRUST (fill out all documents in the name of the TRUST, by the Trustee, and include a copy of the instrument creating the trust
and any other documents necessary to show the investment by the Trustee is authorized. The date of the trust must appear on the
Notarial where indicated.)

 

    	___________	 	Subscription Agreement
	Participant’s Initials	6	Trxade Group, Inc.

     

    

 

Subject
to acceptance by the Company, the undersigned has completed this Subscription Agreement to evidence his/her subscription for participation
in the Shares of the Company, this _______ day of _____, 2019.

 

	 	PARTICIPANT
	 	 
	 	 
	 	(Signature)

	 	By:
    	 
	 	Its:
    	 

 

The
Company has accepted this subscription this _____ day of _________________________

 

	 	“COMPANY”
	 	 
	 	TRXADE
    GROUP, Inc.,
	 	a
    Delaware corporation
	 	 
	 	By:	 
	 	Name:  	Suren Ajjarapu, President 
	 	 
	 	Address
    for notice:
	 	 
	 	Trxade
    Group, Inc., 
	 	3840
    Land O’ Lakes Blvd.
	 	Land
    O’ Lakes, FL 34639
	 	Attn:
    Suren Ajjarapu, President.

 

    	___________	 	Subscription Agreement
	Participant’s Initials	7	Trxade Group, Inc.

     

    

 

 Exhibit
A

 

CERTIFICATE
OF ACCREDITED INVESTOR STATUS

 

Except
as may be indicated by the undersigned below, the undersigned is an “accredited investor,” as that term is defined
in Regulation D under the Securities Act of 1933, as amended (the “Securities Act”). The undersigned has initialed
the box below indicating the basis on which he is representing his status as an “accredited investor”:

 

____
a bank as defined in Section 3(a)(2) of the Securities Act, or any savings and loan association or other institution as defined
in Section 3(a)(5)(A) of the Securities Act whether acting in its individual or fiduciary capacity; a broker or dealer registered
pursuant to Section 15 of the Securities Exchange Act of 1934, as amended (the “Securities Exchange Act”);
an insurance company as defined in Section 2(13) of the Securities Act; an investment company registered under the Investment
Company Act of 1940 or a business development company as defined in Section 2(a)(48) of that 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; a plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or
its political subdivisions, for the benefit of its employees, and such plan has total assets in excess of $5,000,000; an employee
benefit plan within the meaning of the Employee Retirement Income Security Act of 1974, if the investment decision is 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, with investment decisions made solely by persons that are “accredited investors”;

 

____
a private business development company as defined in Section 202(a)(22) of the Investment Advisers Act of 1940;

 

___
an organization described in Section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust,
or partnership, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

 

____
a natural person whose individual net worth, or joint net worth with the undersigned’s spouse, at the time of this purchase
exceeds $1,000,000 (excluding the value of Participant’s primary residence);

 

____
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
the undersigned’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;

 

____
a trust with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose
purchase is directed by a person who has such knowledge and experience in financial and business matters that he is capable of
evaluating the merits and risks of the prospective investment;

 

____
an entity in which all of the equity holders are “accredited investors” by virtue of their meeting one or more of
the above standards; or

 

____
an individual who is a director or executive officer of Trxade Group, Inc.

 

IN
WITNESS WHEREOF, the undersigned has executed this Certificate of Accredited Investor Status effective as of __________________,
2019.

 

Name
of Participant

 

    	___________	 	Subscription Agreement
	Participant’s Initials	1	Trxade Group, Inc.

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