Document:

SECURITY
AGREEMENT

 

This
Security Agreement is entered into on MARCH 31, 2017, by New Age Beverages
Corporation (“NBEV”
or “Debtor”) in favor of Sunkist Growers, Inc. (“Collateral Agent”) for the benefit of the Investors as
defined in the Secured Loan Agreement dated as of June 11, 2008, as amended, between Maverick Brands LLC (“Maverick”)
and the Investors (the “Loan Agreement”). NBEV and the Collateral Agent may be referred to individually as a “Party”
or collectively as “Parties” herein.

 

Recitals

 

WHEREAS
each Investor is the holder of a Secured Promissory Note in aggregate principal amount of $1,439,008 (each a “Note”
and collectively, the “Notes”) issued pursuant to the Loan Agreement and secured by certain collateral pursuant to
the terms of an Assignment and Security Agreement (the “Maverick Security Agreement”) made as of June 11, 2008 by
Maverick in favor of the Collateral Agent on behalf of the Investors;

 

WHEREAS
each Investor appointed Sunkist Growers, Inc. as the collateral agent with authority to take such action on behalf of Investors
and to exercise such powers, rights and remedies and perform such duties under the Maverick Security Agreement and the Notes as
delegated or granted by the Maverick Security Agreement and such actions, powers, rights and remedies reasonably incidental thereto;

 

WHEREAS
NBEV is entering into an Asset Purchase Agreement dated the date hereof by and between NBEV and Maverick whereby Maverick
will sell substantially all its assets to NBEV, and NBEV will assume certain liabilities of Maverick, including the liabilities,
responsibilities and obligations of Maverick under the Loan Agreement and the Notes (the “Transaction”); and

 

WHEREAS,
in order to induce the Investors to consent to the Transaction and waive certain rights with respect to the Loan Agreement, the
Notes and the Maverick Security Agreement, NBEV has agreed to grant a secondary security interest in all of its inventory and
accounts receivable to the Collateral Agent for the benefit of the Investors for purposes of securing NBEV’s obligations
to the Investors under the Notes.

 

NOW
THEREFOR, in consideration of the foregoing, the Debtor grants to the Collateral Agent a secondary security interest (which
shall be subordinate to the senior security interest held by, or to be held by, US Bank) for the benefit of Investors in the following
described property, whether now owned or hereafter acquired, whether now existing or hereafter arising, and wherever located,
referred to in this Security Agreement as the “Collateral”:

 

Inventory
and Receivables of New Age Beverages Corporationto secure (i) prompt and complete payment and performance of the Debtor’s
indebtedness, both principal and interest, to Investors under the Notes, (ii) all other obligations and liabilities of the Debtor
to Investors incurred at any time pursuant to the Notes or this Security Agreement, and (iii) all costs and expenses, including
attorneys’ fees and court costs, incurred at any time by Collateral Agent in collecting any such indebtedness and other
obligations or in enforcing any of the Investors’ rights and interests hereunder or under any other document referred to
above.

 

    	1

    	 

    

 

Covenants
and Warranties

 

Debtor
represents, warrants, covenants and agrees as follows:

 

1.
The Collateral is to be used in Debtor’s business.

 

2.
The Collateral will be kept at the Debtor’s principal place of business and at the locations specified below:

 

	Description	 	Location
	Inventory
    and Receivables	 	180
        West Dayton Street

        Warehouse
        102

        Edmonds,
        WA 98020

 

3.
Neither the execution and delivery of this Security Agreement, nor the consummation of any transaction contemplated hereby, nor
the performance of this Security Agreement conflicts with or results in a breach of any agreement to which Debtor is a party or
by which Debtor is bound.

 

4.
Neither the execution and delivery of this Security Agreement nor the consummation of any transaction contemplated hereby, nor
the fulfillment of the terms of this Security Agreement has constituted or resulted in, or will constitute or result in, the violation
of any law, judgment, decree or governmental or administrative order, rule or regulation applicable to the Debtor. No consent
of any other person (including without limitation any shareholder or creditor of Debtor) is required in connection with the execution,
delivery, performance, validity or enforceability of this Security Agreement.

 

5.
This Security Agreement creates, and in the case of after-acquired Collateral, this Security Agreement will create at the time
Debtor first has rights in such after-acquired Collateral, in favor of Collateral Agent, a valid and perfected security interest
in the Collateral, which will be securing the payment and performance of the obligations evidenced by the Notes, subject only
to the senior security interest held by US Bank.

 

6.
All information heretofore, herein, or hereafter supplied to Collateral Agent by or on behalf of Assignor with respect to the
Collateral is, or will be, accurate and complete in all material respects.

 

7.
Debtor shall not enter into any agreement that would impair or conflict with Debtor’s obligation hereunder without Collateral
Agent’s prior written consent.

 

8.
Title. Except for the security interest granted by this Security Agreement, which is a secondary security interest behind
the senior security interest held, or to be held by, US Bank, the Debtor has, or on acquisition will have, full title to the Collateral
free from any lien, security interest, encumbrance, or claim, and the Debtor, at the Debtor’s cost and expense, will defend
any action that may affect the Investors’ secondary security interest in, or the Debtor’s title to, the Collateral.

 

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9.
Financing Statement. No financing statement covering the Collateral or any part of it or any proceeds of it other than the
financing statement executed in conjunction with this Security Agreement is on file in any public office other than those that
reflect the security interest created by this Security Agreement. It is acknowledged that US Bank may file a financing statement
to secure its senior secured interest in the Collateral. At the Collateral Agent’s request, the Debtor will join in executing
and filing all necessary financing statements in forms satisfactory to the Collateral Agent and will further execute all other
instruments and take all other action deemed necessary by the Collateral Agent.

 

10.
Sale, Lease, or Disposition of Collateral. The Debtor will not sell, contract to sell, lease, encumber, or dispose of the
Collateral or any interest in it without the written consent of the Collateral Agent unless in connection with such transaction
required by the senior security interest held by, or to be held by, US Bank, this Security Agreement and all debts secured by
it have been fully satisfied.

 

11.
Insurance. Until final termination of this Security Agreement, the Debtor, at the Debtor’s own cost and expense, will
insure the Collateral against the casualties and in the amounts that the Collateral Agent deems reasonable (consistent with the
past practices of the Debtor), with a loss payable clause in favor of the Debtor and Collateral Agent as their interests may appear.

 

12.
Protection of Collateral. The Debtor will keep the Collateral in good order and repair and will not waste or destroy the Collateral
or any part of it. The Debtor will not use the Collateral in violation of any statute or ordinance, and the Collateral Agent will
have the right to examine and inspect the Collateral at any reasonable time.

 

13.
Taxes and Assessments. The Debtor will pay promptly when due all taxes and assessments on the Collateral, or any part of the
Collateral, or for its use and operation.

 

14.
Location and Identification. The Debtor will keep the Collateral separate and identifiable and at the addresses shown above,
and will not remove the Collateral from that address without the Collateral Agent’s written consent, for as long as this
Security Agreement remains in effect.

 

15.
Security Interest in Proceeds and Accessions. The Debtor grants to the Collateral Agent on behalf of Investors a secondary
security interest (subordinate to the senior secured interest held by US Bank, or to be held by US Bank) in and to all proceeds
(including insurance proceeds), increases, substitutions, replacements, additions, and accessions to the Collateral and to any
part of the Collateral and to all records and data relating to any of the Collateral.

 

    	3

    	 

    

 

16.
Payment. The Debtor will pay the Notes secured by this Security Agreement and any renewal or extension of it and any other
indebtedness secured by this Security Agreement in accordance with the terms and provisions of the indebtedness. On full payment
by the Debtor of all indebtedness secured by this Security Agreement in accordance with this Security Agreement, this Security
Agreement will expire, and the Investor’s security interest in the Collateral, as set forth in this Security Agreement,
will terminate.

 

17.
Change of Place of Business. The Debtor will promptly notify the Collateral Agent of any change of the Debtor’s chief
place of business, or place where records concerning the Collateral are kept.

 

18.
Time of Performance and Waiver. In performing any act under this Security Agreement and the Notes, time is of the essence.
The Collateral Agent’s acceptance of partial or delinquent payments, or the failure of the Collateral Agent to exercise
any right or remedy, will not constitute a waiver of any obligation of the Debtor or right of the Collateral Agent or Investors
and will not constitute a waiver of any other similar default that occurs later.

 

19.
Default. The Debtor will be in default under this Security Agreement on the occurrence of any of the following events or conditions
(each a “Default”):

 

(a)
Default in the payment or performance when due of any Notes secured by this Security Agreement;

 

(b)
Any warranty, representation, or statement made or furnished to the Collateral Agent by or on behalf of the Debtor proves to have
been false in any material respect when made or furnished;

 

(c)
Loss, theft, substantial damage, destruction, sale, or encumbrance to or of any of the Collateral, or the making of any levy,
seizure, or attachment of or on the Collateral, except for sales of the Collateral related to the senior security interest held
by, or to be held by, US Bank;

 

(d)
Death, dissolution, termination of existence, insolvency, business failure, appointment of a receiver for any part of the Collateral,
assignment for the benefit of creditors, or the commencement of any proceeding under any bankruptcy or insolvency law by or against
the Debtor; and

 

(e)
An Event of Default as defined in the Notes;

 

20.
Remedies. On the occurrence of any Default, and at any later time, the Collateral Agent may declare all obligations secured
due and payable immediately and may proceed to enforce payment and exercise any and all of the rights and remedies provided by
the Colorado Commercial Code as well as other rights and remedies either at law or in equity possessed by the Collateral Agent,
subject to the senior secured interest held by, or to be held by, US Bank. Without limiting the generality of foregoing, the Collateral
Agent, for itself or on behalf of all Investors, may, in its discretion pursue its rights under the Notes without seeking a remedy
under this Security Agreement.

 

    	4

    	 

    

 

21.
Governing Law. This Security Agreement will be construed in accordance with the Colorado Commercial Code and other applicable
laws of the State of Colorado. All obligations of the parties created under this Security Agreement are performable in Colorado.

 

22.
Parties Bound. This Security Agreement will be binding on and inure to the benefit of the parties and their respective heirs,
executors, administrators, legal representatives, successors, and assigns as permitted by this Security Agreement.

 

23.
Validity and Construction. If any one or more of the provisions contained in this Security Agreement is for any reason held
to be invalid, illegal, or unenforceable, the invalidity, illegality, or unenforceability of that provision will not affect any
other provision of this Security Agreement, and this Security Agreement will be construed as if the invalid, illegal, or unenforceable
provision had never been contained in it.

 

24.
Sole Agreement. This Security Agreement constitutes the only agreement of the parties, and supersedes any prior understandings
or written or oral agreements between the parties, respecting the subject matter of this Security Agreement.

 

25.
Commercial Code Definitions Applicable. All terms used in this Security Agreement that are defined in the Colorado Commercial
Code (“Code”) will have the same meaning in this Security Agreement as in the Code.

 

26.
Successors and Assigns. Subject to any limitations stated in this Security Agreement on transfer of the Debtor’s interest,
this Security Agreement shall be binding upon and inure to the benefit of the parties, their successors and assigns. If ownership
of the Collateral becomes vested in a person other than the Debtor, Collateral Agent, without notice to the Debtor, may deal with
the Debtor’s successors with reference to this Security Agreement and the indebtedness by way of forbearance or extension
without releasing the Debtor from the obligations of this Security Agreement or liability under the indebtedness.

 

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27.
Indemnity; Attorneys’ Fees; Expenses. Debtor shall defend, indemnity and hold harmless Collateral Agent and the Investors
and each of their respective officers, directors, employees, owners, insurers and agents against: (a) all obligations, demands,
claims and liabilities claimed or asserted by any other party in connection with the transactions contemplated by this Security
Agreement; and (b) all losses or expenses in any way suffered, incurred, or paid by Collateral Agent or any Investor as a result
of or in any way arising out of, following or consequential to transactions between Collateral Agent, the Investors and Debtor
under this Security Agreement (including without limitation reasonable attorneys’ fees and expenses). Debtor agrees to pay
upon demand all of Collateral Agent’s costs and expenses, including Collateral Agent’s attorneys’ fees and Collateral
Agent’s legal expenses, incurred in connection with the enforcement of this Agreement, Collateral Agent may hire or pay
someone else to help enforce this Agreement, and the Debtor shall pay the costs and expenses of such enforcement. Costs and expenses
include Collateral Agent’s attorneys’ fees and legal expenses whether or not there is a lawsuit, including attorneys’
fees and legal expenses for bankruptcy proceedings (including efforts to modify or vacate any automatic stay or injunction), appeals,
and any anticipated post-judgment collection services. The Debtor also shall pay all court costs and such additional fees as may
be directed by the court.

 

28.
No Waiver by Collateral Agent. Collateral Agent shall not be deemed to have waived any rights under this Security Agreement
unless such waiver is given in writing and signed by Collateral Agent. No delay or omission on the part of Collateral Agent in
exercising any right shall operate as a waiver of such right or any other right. A waiver by Collateral Agent of a provision of
this Security Agreement shall not prejudice or constitute a waiver of Collateral Agent’s right otherwise to demand strict
compliance with that provision or any other provision of this Security Agreement. No prior waiver by Collateral Agent, nor any
course of dealing between Collateral Agent and the Debtor, shall constitute a waiver of any of Collateral Agent’s rights
or of any of the Debtor’s obligations as to any future transactions. Whenever the consent of Collateral Agent is required
under this Security Agreement, the granting of such consent by Collateral Agent in any instance shall not constitute continuing
consent to subsequent instances where such consent is required and in all cases such consent may be granted or withheld in the
sole discretion of Collateral Agent.

 

[Rest
of Page Intentionally Left Blank]

 

    	6

    	 

    

 

In
witness whereof, the parties have signed this Security Agreement on the date set forth above.

 

	 	New
    Age Beverages Corporation
	 	 	 
	 	Signed:	 
	 	By:	Brent
    Willis
	 	Title:	CEO
	 	 	 
	 	Signed:	 
	 	By:	 
	 	Title:	 

 

    	7Exhibit
10.1

 

SUBSCRIPTION
AGREEMENT

 

SUBSCRIPTION
AGREEMENT (this “Agreement”) made as of the date set forth on the signature page hereto between UBIQUITY, INC., a
Nevada corporation (the “Company”), and the undersigned (the “Investor”).

 

W
I T N E S S E T H:

 

WHEREAS,
the Company is conducting a private offering (the “Offering”) on a “best efforts” basis, consisting
of a minimum of US$5,000,000 (subject to reduction as hereinafter described) and up to a maximum of US$10,000,000 of shares of
Company common stock, par value $0.001 par value per share (the “Common Stock”), pursuant to Section 4(a)(2)
of the United States Securities Act of 1933, as amended (the “Securities Act”), Rule 506 of Regulation D promulgated
under the Securities Act; and/or Regulation S promulgated under the Securities Act; and

 

WHEREAS,
the Investor desires to purchase such number of shares of Company Common Stock (the “Shares”) as set forth
on the omnibus signature page hereto on the terms and conditions hereinafter set forth.

 

NOW,
THEREFORE, in consideration of the premises and the mutual representations and covenants hereinafter set forth, the parties hereto
do hereby agree as follows:

 

I.
SUBSCRIPTION FOR SHARES; TERMS OF THE OFFERING AND REPRESENTATIONS BY SUBSCRIBER

 

A.
Terms of the Offering

 

1.1
Purchase Price. Subject to the terms and conditions hereinafter set forth, the Investor hereby subscribes for and agrees
to purchase from the Company, and the Company subject to its right to accept or reject this subscription, agrees to sell to the
Investor, such aggregate number of Shares as are set forth on the omnibus signature page hereto for the aggregate purchase price
of United States twenty-five cents (USD$0.25) per Share (the “Per Share Purchase Price”). The total
purchase price for all of the Shares being subscribed for is determined by multiplying such Shares by the Per Share Purchase Price
(the “Purchase Price”). The number of Shares and the Per Share Purchase Price are subject to adjustment as
set forth in Section 1.7 of this Agreement.

 

1.2
Subscription Procedure. The Purchase Price is payable by check or wire transfer of immediately available funds, to be delivered
to ________________________________, as escrow agent (the “Escrow Agent”), pending completion of the “Restructuring
Plan” (hereinafter described) shall be completed, pursuant to the terms of an escrow agreement substantially in the
form of Exhibit A to this Agreement among the Company, the Investor and the Escrow Agent. Upon execution of this Agreement
on the omnibus signature page and completion of the Investor Certification, the Investor Profile, the Anti-Money Laundering Information
Form and if applicable, the Wire Transfer Authorization (each attached hereto) by a Investor, in connection with the Investor’s
subscription the Shares, the Investor should:

 

    	 

    	 

    

 

1.
Date and Fill in the number of Shares being purchased and Complete and Sign (i) the Investor Omnibus Signature Page
of the Subscription Agreement, attached as Annex A.

 

2.
Initial the Investor Certification attached as Annex B.

 

3.
Complete and Sign the Investor Profile attached as Annex C.

 

4.
Complete and Sign the Anti-Money Laundering Information Form attached as Annex D.

 

5.
Fax or email all forms and then send all signed original documents to the Company at:

 

Ubiquity,
Inc.

9801
Research Drive

Irvine,
CA.92618

Attn:
Christopher Carmichael, CEO

Fax:
949-954-1591

Email:
cc@ubiquityinc.com

 

6.
If Investor is paying the Purchase Price by check, a check for the exact dollar amount of the Purchase Price for the amount
of Shares in U.S. dollars you are offering to purchase should be made payable to the order of “_______________________,
as Escrow Agent for Ubiquity, Inc.” and should be sent to the Escrow Agent at the address provided below, Attention: ________________.

 

7.
If Investor is paying the Purchase Price by wire transfer, you should send a wire transfer for the exact amount of the
Purchase Price of the number of Shares you are offering to purchase according to the following instructions:

 

	 	Escrow
    Agent:	 	 
	 	Bank
    Name:	 	 
	 	Bank
    Address:	 	 
	 	ABA
    Routing Number:	 	 
	 	Account
    Name:	Ubiquity
    Escrow Account	 
	 	Account
    Number:	 	 
	 	Swift
    Code:	 	 
	 	Reference:	;	[insert
    Investor’s name]
	 	Escrow
    Agent Contact:	 	 
	 	Beneficiary:	Ubiquity,
    Inc.	 

 

1.3
Termination Date. The Shares will be offered for sale, subject to prior completion or termination of the Offering, until
May 31, 2017, subject to the right of the Company to extend the offering period for up to an additional 30 days without notice
to prospective subscribers. The end of the offering period, as such may be extended, is referred to as the “Termination
Date”. The Offering is being conducted on a “best-efforts” basis.

 

    	 	2	 

    	 	 	 

    

 

1.4
Closings. The Company may hold an initial closing (“Initial Closing”) at any time after a sum equal
to or greater than Five Million US dollars (US$5,000,000) (the “Minimum Offering Amount”) has been raised and
may continue the Offering until such time as Ten Million US dollars (US$10,000,000) has been raised at which time the Offering
will terminate. After the Initial Closing of and the Escrow Agent’s receipt of total net proceeds from sale of Shares, subsequent
closings with respect to additional Shares may take place at any time prior to the Termination Date as determined by the Company,
with respect to subscriptions accepted prior to the Termination Date (each such closing, together with the Initial Closing, being
referred to as a “Closing”). The last Closing of the Offering, occurring on or prior to the Termination Date,
shall be referred to as the “Final Closing”. The date of the Initial Closing shall be referred to as the “Initial
Closing Date” and the date of each subsequent closing shall be referred to as a “Subsequent Closing Date”.
The Initial Closing and all subsequent Closings shall occur at the offices of the Company in Irvine, California, USA (or such
other place as is mutually agreed to by the Company and the Investors). In the event that the Investor or any other investor in
the Offering elects to exercise his or its “Rescission Right” (as described in Article III of this Agreement),
all subscription documents or funds received from such person or entity will be returned, without interest or deduction.

 

1.5
Restructuring Plan. Upon execution hereof by the Investor, the Purchase Price paid by the Investor and all other investors
in this Offering shall be deposited in a non-interest bearing escrow account with the Escrow Agent, pursuant to the terms of the
Escrow Agreement. It is expressly understood and agreed that the Purchase Price paid by the Investor and the Purchase Prices paid
by other investors in this Offering (collectively, the “Escrow Proceeds”) shall not be released
from escrow by the Escrow Agent until the Company shall have completed or substantially completed a restructuring plan substantially
in accordance with the plan outlined in Exhibit B annexed hereto, or otherwise satisfactory to both the Company and to
the “Investor Representative” defined below (the “Restructuring Plan”). In the event that
the Restructuring Plan shall not have been completed to the satisfaction of the Company and the Investor Representative by 5:00
p.m. on June 30, 2017 (the “Final Restructuring Date”), unless such Final Restructuring Date shall be extended
for up to 30 additional days by mutual consent of the Company and the Investor Representative, all Escrow Proceeds shall be returned
to the Investor and other investors who have subscribed to Shares, without interest or deduction.

 

1.6
Investor Representative. Each of the Company and the Investor do hereby designate ___________________________________,
as representative of the Investor and all other Investors in this Offering (the “Investor Representative”).
In his or its capacity as Investor Representative, such person or entity shall have the sole authority to act for the Investor
and all other investors in the Offering to determine (a) whether a satisfactory Restructuring Plan for the Company has been achieved,
and (b) whether to authorize the release of the Escrow Funds to the Company or to such other persons as the Company may designate
in writing to the Escrow Agent.

 

1.7
Adjustment to Shares and Per Share Purchase Price. Notwithstanding anything to the contrary, express or implied, contained
in this Agreement, the number of Shares to be issued to the Investor and the Per Share Purchases Price shall be subject to adjustment
as provided in this Section 1.7.

 

    	 	3	 

    	 	 	 

    

 

(a)
In the event that, in connection with the Restructuring Plan, the Company shall consummate a “Reverse Stock Split”
to reduce the total number of shares of its Common Stock issued and outstanding, the number of Shares issued to the Investor and
all other investors in the Offering and the Per Share Purchase Price shall be appropriately an equitably adjusted. For the avoidance
of doubt if, for example, an investor purchased 4,000,000 shares of Common Stock at $0.25 per share, for an investment of $1,000,000,
and the Company consummates a one-for-20 reverse split of its outstanding Common Stock, such investor would receive 200,000 shares
of Common Stock, valued at $5.00 per share.

 

(b)
In connection with the consummation the Restructuring Plan, it is contemplated that shares of the Company’s Common Stock
will be listed for, and commence trading on, either the OTC Markets, QX or OTC Markets QB Exchange, or on the Nasdaq Capital Market
exchange (each a “Qualified Stock Exchange”). In the event that during the ten (10) trading days immediately
following commencement of trading on such Qualified Stock Exchange, the volume weighted average of the closing market prices of
the Company’s Common Stock, as traded on such Qualified Stock Exchange (the “VWAP Price”), shall be less
that the Per Share Purchase Price (as adjusted by reason of a Reverse Stock Split described above), the Company shall
issue to the Investor and the other investors in the Offering that number of additional Shares (the “Make Whole Shares”)
as shall be determined by (i) dividing the Subscription Amount paid by the Investor by VWAP Price, less (B) the aggregate number
of Shares purchased by the Investor and set forth on the omnibus signature page hereto (as adjusted by reason of a Reverse Stock
Split described above).

 

1.8
Use of Proceeds. All net proceeds from the sale of the Shares in this Offering shall be used by the Company (a) to retire
funded debt and consummate settlements with certain creditors and investors, and (b) for additional working capital for the Company
including financing the acquisition of Sonic Pool, LLC or other companies and building the Company’s virtual reality product
business.

 

B.
Representations and Warranties by the Investor

 

1.9
The Investor recognizes that (a) the purchase of the Shares involves a high degree of risk. Such risks including, but not limited
to, the following: (a) the Company may need additional funds in addition to the proceeds of the Offering; (b) an investment in
the Company is highly speculative, and only investors who can afford the loss of their entire investment should consider investing
in the Company and the Shares; (c) the Investor may not be able to liquidate its investment; (d) the other risks associated with
the Company’s business and financial condition which shall be set forth in the Company’s Annual Reports on Form 10-K
for the fiscal years ended December 31, 2015 and December 31, 2016, and on its quarterly reports on Form 10-Q and Interim Reports
on Form 8-K, all as filed with the Securities and Exchange Commission (the “SEC”) in connection with the Restructuring
Plan (collectively, the “SEC Reports”). In such connection, the Investor will carefully reviewed the SEC Reports,
including the Risk Factors section therein and is fully aware that an investment in the Shares involved a high degree
of risk. The Investor further acknowledges that the SEC Reports have not been prepared as at the date of this Agreement and that
they may not be reviewed or commented on by the SEC..

 

1.10
The Investor meets the requirements of at least one of the suitability standards for an “Accredited Investor” as that
term is defined in Rule 501(a)(3) of Regulation D or is not a “U.S. Person” as that term is defined in Rule 902(k)
of Regulation S, and as set forth on the Investor Certification attached hereto.

 

    	 	4	 

    	 	 	 

    

 

1.11
If a Investor is not a person in the United States or a U.S. Person (as defined in Rule 902(k) of Regulation S) or is not purchasing
the Shares on behalf of a person in the United States or a U.S. Person:

 

(a)
neither the Investor nor any disclosed principal is a U.S. Person nor are they subscribing for the Shares for the account of a
U.S. Person or for resale in the United States and the Investor confirms that the Shares have not been offered to the Investor
in the United States and that this Agreement has not been signed in the United States;

 

(b)
the Investor acknowledges that the Shares have not been registered under the Securities Act and may not be offered or sold in
the United States or to a U.S. Person unless the securities are registered under the Securities Act and all applicable state securities
laws or an exemption from such registration requirements is available, and further agrees that hedging transactions involving
such securities may not be conducted unless in compliance with the U.S. Securities Act;

 

(c)
the Investor and if applicable, the disclosed principal for whom the Investor is acting, understands that the Company is the seller
of the Shares and that, for purposes of Regulation S, a “distributor” is any underwriter, dealer or other person who
participates pursuant to a contractual arrangement in the distribution of securities sold in reliance on Regulation S and that
an “affiliate” is any partner, officer, director or any person directly or indirectly controlling, controlled by or
under common control with any person in question. Except as otherwise permitted by Regulation S, the Investor and if applicable,
the disclosed principal for whom the Investor is acting, agrees that it will not, during a one-year (six months if the Company
becomes a mandatory reporting issuer and has been such for at least 90 days) distribution compliance period, act as a distributor,
either directly or through any affiliate, or sell, transfer, hypothecate or otherwise convey the Shares or underlying securities
other than to a non-U.S. Person;

 

(d)
the Investor and if applicable, the disclosed principal for whom the Investor is acting, acknowledges and understands that in
the event the Shares are offered, sold or otherwise transferred by the Investor or if applicable, the disclosed principal for
whom the Investor is acting, to a non-U.S Person prior to the expiration of a one-year (six months if the Company becomes a mandatory
reporting issuer and has been such for at least 90 days) distribution compliance period, the purchaser or transferee must agree
not to resell such securities except in accordance with the provisions of Regulation S, pursuant to registration under the Securities
Act, or pursuant to an available exemption from registration; and must further agree not to engage in hedging transactions with
regard to such securities unless in compliance with the Securities Act; and

 

(e)
neither the Investor nor any disclosed principal will offer, sell or otherwise dispose of the Shares in the United States or to
a U.S. Person unless (A) the Company has consented to such offer, sale or disposition and such offer, sale or disposition is made
in accordance with an exemption from the registration requirements under the Securities Act and the securities laws of all applicable
states of the United States or, (B) the SEC has declared effective a registration statement in respect of such securities.

 

    	 	5	 

    	 	 	 

    

 

1.12
The Investor hereby acknowledges and represents that (a) the Investor has knowledge and experience in business and financial matters,
prior investment experience, including investment in securities that are non-listed, unregistered and/or not traded on a national
securities exchange or the Investor has employed the services of a “purchaser representative” (as defined in Rule
501 of Regulation D), attorney and/or accountant to read all of the documents furnished or made available by the Company both
to the Investor and to all other prospective investors in the Shares to evaluate the merits and risks of such an investment on
the Investor’s behalf; (b) the Investor recognizes the highly speculative nature of this investment; and (c) the Investor
is able to bear the economic risk that the Investor hereby assumes.

 

1.13
The Investor hereby acknowledges receipt of this Agreement and his or its careful review of the Registration Statement filed with
the SEC, and has received any additional information that the Investor has requested from the Company, and has been afforded the
opportunity to ask questions of and receive answers from duly authorized officers or other representatives of the Company concerning
the Company and the terms and conditions of the Offering; provided, however that no investigation performed by or on behalf of
the Investor shall limit or otherwise affect its right to rely on the representations and warranties of the Company contained
herein.

 

1.14
(a) In making the decision to invest in the Shares the Investor has relied solely upon the information provided by the Company
in this Agreement. To the extent necessary, the Investor has retained, at its own expense, and relied upon appropriate professional
advice regarding the investment, tax and legal merits and consequences of this Agreement and the purchase of the Shares hereunder.
The Investor disclaims reliance on any statements made or information provided by any person or entity in the course of Investor’s
consideration of an investment in the Shares other than this Agreement.

 

(b)
The Investor represents that (i) the Investor was contacted regarding the sale of the Shares by the Company with whom the Investor
had a prior pre-existing relationship and (ii) it did not learn of the offering of the Shares by means of any form of general
solicitation or general advertising, and in connection therewith, the Investor did not (A) receive or review any advertisement,
article, notice or other communication published in a newspaper or magazine or similar media or broadcast over television or radio,
whether closed circuit, or generally available; or (B) attend any seminar meeting or industry investor conference whose attendees
were invited by any general solicitation or general advertising.

 

1.15
The Investor hereby acknowledges that the Offering has not been reviewed by the SEC nor any state regulatory authority since the
Offering is intended to be exempt from the registration requirements of Section 5 of the Securities Act, pursuant to Section 4(a)(2)
of the Securities Act, Rule 506 of Regulation D and/or Regulation S. The Investor understands that the Shares have not been registered
under the Securities Act or under any state securities or “blue sky” laws and agrees not to sell, pledge, assign or
otherwise transfer or dispose of the Shares unless they are registered under the Securities Act and under any applicable state
securities or “blue sky” laws or unless an exemption from such registration is available.

 

1.16
The Investor understands that the Shares have not been registered under the Securities Act by reason of a claimed exemption under
the provisions of the Securities Act that depends, in part, upon the Investor’s investment intention and investment qualification.
In this connection, the Investor hereby represents that the Investor is purchasing the Shares for the Investor’s own account
for investment and not with a view toward the resale or distribution to others; provided, however, that nothing contained herein
shall constitute an agreement by the Investor to hold the Shares for any particular length of time and the Company acknowledges
that the Investor shall at all times retain the right to dispose of its property as it may determine in its sole discretion, subject
to any restrictions imposed by applicable law. The Investor, if an entity, further represents that it was not formed for the purpose
of purchasing the Shares.

 

    	 	6	 

    	 	 	 

    

 

1.17
The Investor consents to the placement of a legend on any certificate or other document evidencing the Shares that such securities
have not been registered under the Securities Act or any state securities or “blue sky” laws and setting forth or
referring to the restrictions on transferability and sale thereof contained in this Agreement. The Investor is aware that the
Company will make a notation in its appropriate records with respect to the restrictions on the transferability of such Shares.

 

1.18
The Investor hereby represents that the address of the Investor furnished by Investor on the omnibus signature page hereof is
the Investor’s principal residence if Investor is an individual or its principal business address if it is a corporation
or other entity.

 

1.19
Such Investor understands that the Shares are “restricted securities” and have not been registered under the Securities
Act or any applicable state securities law and is acquiring the Shares as principal for its own account and not with a view to
or for distributing or reselling such Shares or any part thereof in violation of the Securities Act or any applicable state securities
law, has no present intention of distributing any of such Shares in violation of the Securities Act or any applicable state securities
law and has no direct or indirect arrangement or understandings with any other persons to distribute or regarding the distribution
of such Shares in violation of the Securities Act or any applicable state securities law.

 

1.20
The Investor represents that the Investor has full power and authority (corporate, statutory and otherwise) to execute and deliver
this Agreement and to purchase the Shares. This Agreement constitutes the legal, valid and binding obligation of the Investor,
enforceable against the Investor in accordance with its terms.

 

1.21
If the Investor is a corporation, partnership, limited liability company, trust, employee benefit plan, individual retirement
account, Keogh Plan, or other tax-exempt entity, it is authorized and qualified to invest in the Company and the person signing
this Agreement on behalf of such entity has been duly authorized by such entity to do so.

 

1.22
The Investor understands, acknowledges and agrees with the Company that this subscription may
be rejected, in whole or in part, by the Company, in the sole and absolute discretion of the Company, at any time before any Closing
notwithstanding prior receipt by the Investor of notice of acceptance of the Investor’s subscription.

 

    	 	7	 

    	 	 	 

    

 

1.23
The Investor acknowledges that certain information contained in this Agreement or otherwise made
available to the Investor may be deemed to be confidential and non-public and agrees that all such information shall be kept in
confidence by the Investor and neither used by the Investor for the Investor’s personal benefit (other than in connection
with this subscription) nor disclosed to any third party for any reason, notwithstanding that a Investor’s subscription
may not be accepted by the Company; provided, however, that (a) the Investor may disclose such information to its affiliates and
advisors who may have a need for such information in connection with providing advice to the Investor with respect to its investment
in the Company so long as such affiliates and advisors have an obligation of confidentiality, and (b) this obligation shall not
apply to any such information that (i) is part of the public knowledge or literature and readily accessible at the date hereof,
(ii) becomes part of the public knowledge or literature and readily accessible by publication (except as a result of a breach
of this provision) or (iii) is received from third parties without an obligation of confidentiality (except third parties who
disclose such information in violation of any confidentiality agreements or obligations, including, without limitation, any subscription
or other similar agreement entered into with the Company).

 

1.24
The Investor will indemnify and hold harmless the Company and, where applicable, its directors, officers, employees, agents, advisors,
affiliates and shareholders, and each other person, if any, who controls the Company from and against any and all loss, liability,
claim, damage and expense whatsoever (including, but not limited to, any and all fees, costs and expenses whatsoever reasonably
incurred in investigating, preparing or defending against any claim, lawsuit, administrative proceeding or investigation whether
commenced or threatened) (a “Loss”) arising out of or based upon any representation or warranty of the Investor
contained herein or in any document furnished by the Investor to the Company in connection herewith being untrue in any material
respect or any breach or failure by the Investor to comply with any covenant or agreement made by the Investor herein or therein;
provided, however, that the Investor shall not be liable for any Loss that in the aggregate exceeds the Investor’s
aggregate purchase price tendered hereunder.

 

II.
REPRESENTATIONS BY AND WARRANTIES OF THE COMPANY

 

The
Company hereby represents and warrants to the Investor that:

 

2.1
Organization, Good Standing and Qualification. The Company is a corporation duly organized, validly existing and in good
standing under the laws of the State of Nevada and has full corporate power and authority to own and use its properties and its
assets and conduct its business as currently conducted. Each of the Company’s subsidiaries (the “Subsidiaries”)
is an entity duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation with
the requisite corporate power and authority to own and use its properties and assets and to conduct its business as currently
conducted. Neither the Company, nor any of its Subsidiaries is in violation of any of the provisions of their respective articles
of incorporation, by-laws or other organizational or charter documents, including, but not limited to the Charter Documents (as
defined below). Each of the Company and its Subsidiaries is duly qualified to conduct business and is in good standing as a foreign
corporation in each jurisdiction in which the nature of the business conducted or property owned by it makes such qualification
necessary, except where the failure to be so qualified or in good standing, as the case may be, would not result in a direct and/or
indirect (i) material adverse effect on the legality, validity or enforceability of any of the Shares and/or this Agreement, (ii)
material adverse effect on the results of operations, assets, business, condition (financial and other) or prospects of the Company
and its Subsidiaries, taken as a whole, or (iii) material adverse effect on the Company’s ability to perform in any material
respect on a timely basis its obligations under this Agreement (any of (i), (ii) or (iii), a “Material Adverse Effect”).

 

    	 	8	 

    	 	 	 

    

 

2.2
Capitalization. The authorized issued and outstanding shares of capital stock of the Company and all notes, warrants and
stock options are disclosed and set forth in Exhibit C annexed to this Agreement. All of such outstanding shares have been
duly authorized, validly issued and are fully paid and non-assessable. No shares of Common Stock are subject to preemptive rights
or any other similar rights or any liens or encumbrances suffered or permitted by the Company. Except as set forth on Exhibit
C annexed hereto: (i) there are no outstanding options, warrants, scrip, rights to subscribe to, calls or commitments of any
character whatsoever relating to, or securities or rights convertible into, any shares of capital stock of the Company, or contracts,
commitments, understandings or arrangements by which the Company is or may become bound to issue additional shares of capital
stock of the Company or options, warrants, scrip, rights to subscribe to, calls or commitments of any character whatsoever relating
to, or securities or rights convertible into, any shares of capital stock of the Company, (ii) there are no outstanding debt securities
and (iii) there are no agreements or arrangements under which the Company is obligated to register the sale of any of their securities
under the Securities Act, and (iv) there are no outstanding registration statements and there are no outstanding comment letters
from the SEC or any other regulatory agency. The Shares, when issued, will be free and clear of all pledges, liens, encumbrances
and other restrictions (other than those arising under federal or state securities laws as a result of the issuance of the Shares).
The Company has made available to the Investor true and correct copies of the Company’s Articles of Incorporation, and as
in effect on the date hereof (the “Articles of Incorporation”), and the Company’s By-laws, as in effect
on the date hereof (the “By-laws”).

 

2.3
Authorization; Enforceability. The Company has all corporate right, power and authority to enter into, execute and deliver
this Agreement and each other agreement, document, instrument and certificate to be executed by the Company in connection with
the consummation of the transactions contemplated hereby, including, but not limited to this Agreement and to perform fully its
obligations hereunder and thereunder. All corporate action on the part of the Company, its directors and stockholders necessary
for the (a) authorization execution, delivery and performance of this Agreement by the Company; and (b) authorization, sale, issuance
and delivery of the Shares contemplated hereby and the performance of the Company’s obligations under this Agreement has
been taken. This Agreement has been duly executed and delivered by the Company and each constitutes a legal, valid and binding
obligation of the Company, enforceable against the Company in accordance with its respective terms, subject to laws of general
application relating to bankruptcy, insolvency and the relief of debtors and rules of law governing specific performance, injunctive
relief or other equitable remedies, and to limitations of public policy. The Shares are duly authorized and, when issued and paid
for in accordance with the applicable this Agreement, will be duly and validly issued, fully paid and non-assessable, free and
clear of all Encumbrances other than restrictions on transfer provided for in this Agreement. The issuance and sale of the Shares
contemplated hereby will not give rise to any preemptive rights or rights of first refusal.

 

2.4
No Conflict; Governmental Consents.

 

(a)
The execution and delivery by the Company of this Agreement, the issuance and sale of the Shares and the consummation of the other
transactions contemplated hereby or thereby do not and will not (i) result in the violation of any law, statute, rule, regulation,
order, writ, injunction, judgment or decree of any court or governmental authority to or by which the Company is bound including
without limitation all foreign, federal, state and local laws applicable to its business and all such laws that affect the environment,
except in each case as could not have or reasonably be expected to result in a Material Adverse Effect, (ii) conflict with or
violate any provision of the Company’s Articles of Incorporation (the “Articles”), as amended or the Bylaws,
(and collectively with the Articles, the “Charter Documents”) of the Company, and (iii) conflict with, or result in
a material breach or violation of, any of the terms or provisions of, or constitute (with or without due notice or lapse of time
or both) a default or give to others any rights of termination, amendment, acceleration or cancellation (with or without due notice,
lapse of time or both) under any agreement, credit facility, lease, loan agreement, mortgage, security agreement, trust indenture
or other agreement or instrument to which the Company or any Subsidiary is a party or by which any of them is bound or to which
any of their respective properties or assets is subject, nor result in the creation or imposition of any Encumbrances upon any
of the properties or assets of the Company or any Subsidiary.

 

    	 	9	 

    	 	 	 

    

 

(b)
No approval by the holders of Common Stock, or other equity securities of the Company is required to be obtained by the Company
in connection with the authorization, execution, delivery and performance of this Agreement or in connection with the authorization,
issue and sale of the Shares except as has been previously obtained.

 

(c)
No consent, approval, authorization or other order of any governmental authority or any other person is required to be obtained
by the Company in connection with the authorization, execution, delivery and performance of this Agreement or in connection with
the authorization, issue and sale of the Shares and, upon issuance, the Shares, except such post-sale filings as may be required
to be made with the SEC and with any state or foreign blue sky or securities regulatory authority, all of which shall be made
when required.

 

2.5
Consents of Third Parties. No vote, approval or consent of any holder of capital stock of the Company or any other third
parties is required or necessary to be obtained by the Company in connection with the authorization, execution, deliver and performance
of this Agreement or in connection with the authorization, issue and sale of the Shares, except as previously obtained, each of
which is in full force and effect.

 

2.6
Licenses. The Company and its Subsidiaries have sufficient licenses, permits and other governmental authorizations currently
required for the conduct of their respective businesses or ownership of properties and each is in all material respects in compliance
therewith.

 

2.7
Regulatory Permits. The Company and the Subsidiaries possess all certificates, authorizations and permits issued by the
appropriate federal, state, local or foreign regulatory authorities necessary to conduct their respective businesses, except where
the failure to possess such permits could not reasonably be expected to result in a Material Adverse Effect (“Material Permits”),
and neither the Company nor any Subsidiary has received any notice of proceedings relating to the revocation or modification of
any Material Permit.

 

2.8
Investment Company. The Company is not an “investment company” within the meaning of such term under the Investment
Company Act of 1940, as amended, and the rules and regulations of the SEC thereunder.

 

    	 	10	 

    	 	 	 

    

 

2.9
Brokers. Neither the Company nor any of the Company's officers, directors, employees or stockholders has employed or engaged
any broker or finder in connection with the transactions contemplated by this Agreement and no fee or other compensation is or
will be due and owing to any broker, finder, underwriter, placement agent or similar person in connection with the transactions
contemplated by this Agreement. The Company is not party to any agreement, arrangement or understanding whereby any person has
an exclusive right to raise funds and/or place or purchase any debt or equity securities for or on behalf of the Company.

 

2.10
Intellectual Property; Employees.

 

(a)
The Company owns or possesses sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade
secrets, licenses, information and other proprietary rights and processes necessary for its business as now conducted and as presently
proposed to be conducted, without any known infringement of the rights of others and which the failure to so have could have a
Material Adverse Effect (collectively, the “Intellectual Property Rights”).

 

(b)
To the Company’s knowledge, no employee of the Company, nor any consultant with whom the Company has contracted, is in violation
of any term of any employment contract, proprietary information agreement or any other agreement and to the Company’s knowledge
the continued employment by the Company of its present employees, and the performance of the Company’s contracts with its
independent contractors, will not result in any such violation.

 

2.11
Title to Properties and Assets; Liens, Etc. The Company has good and marketable title to its properties and assets, including
the properties and assets reflected in the most recent balance sheet included in the Company’s financial statements, and
good title to its leasehold estates, in each case subject to no Encumbrances, other than (a) those resulting from taxes which
have not yet become delinquent; and (b) Encumbrances which do not materially detract from the value of the property subject thereto
or materially impair the operations of the Company; and (c) those that have otherwise arisen in the ordinary course of business,
none of which are material. The Company is in compliance with all material terms of each lease to which it is a party or is otherwise
bound.

 

2.12
Disclosure. All disclosures to be furnished by or on behalf of the Company in the SEC Reports and provided to the Investor
in this Agreement regarding the Company, its business and the transactions contemplated hereby is true and correct and does not
contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made
therein, in light of the circumstances under which they were made, not misleading.

 

    	 	11	 

    	 	 	 

    

 

III.
RESCISSION RIGHT

 

3.1
Notwithstanding anything to the contrary, express or implied, contained in this Agreement, the
Investor shall have the absolute right, in the exercise of his or its sole discretion, to rescind his or its subscription to the
Shares within ten (10) days after the date that the Company shall send to the Investor, by electronic mail to the Investor’s
email address set forth on the signature page to this Agreement, either (a) the Company’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2016 (the “2016 Annual Report”), and any other SEC Interim or Quarterly
Reports relating to matters that occurred following January 1, 2017, including the Form 10-Q Quarterly Report for the three months
ended March 31, 2017, as filed with the SEC contemporaneously with such 2016 Annual Report, or (b) a registration statement on
Form S-1 or Form 10 that has been declared effective by the SEC (the “Rescission Period”). In the event that
the Company does not provide the Investor with such SEC Reports or registration statement within ten (10) days of their filing
with the SEC, all funds invested by the Investor shall be returned to him or it by the Escrow Agent. In the event that the Investor
does not timely elect to exercise such Rescission Right during the ten (10) day Rescission Period, his or its Purchase Price investment
in the Shares shall, for all purposes of this agreement, be deemed to be irrevocable and permanent, and, subject only to completion
of the Restructuring Plan in a manner satisfactory to the Company and the Investor Representative, such Purchase Price may be
released by the Escrow Agent to the Company. The Investor may elect to rescind his or its investment in the Shares at any time
during the Rescission Period by written notice to the Company which may be in electronic form emailed to Christopher Carmichael
(cc@ubiquityinc.com) or Connie Jordan, Executive Vice President (cj@ubiquityinc.com).

 

IV.
COVENANTS OF THE COMPANY

 

4.1
Transfer Restrictions.

 

(a)
The Shares may only be disposed of in compliance with state and federal securities laws. In connection with any transfer of Shares
other than pursuant to an effective registration statement or Rule 144 promulgated under the Securities Act, to the Company or
to an affiliate of a Investor or in connection with, the Company may require the transferor thereof to provide to the Company
an opinion of counsel selected by the transferor and reasonably acceptable to the Company, the form and substance of which opinion
shall be reasonably satisfactory to the Company, to the effect that such transfer does not require registration of such transferred
Shares under the Securities Act. As a condition of transfer, any such transferee shall agree in writing to be bound by the terms
of this Agreement, and shall have the rights of a Investor under this Agreement.

 

(b)
The Investor agrees to the imprinting, so long as is required by this Section 5.1, of a legend on any of the Shares, in the following
form:

 

THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY,
MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE
EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF
WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

 

    	 	12	 

    	 	 	 

    

 

(c)
Certificates evidencing the Shares shall not contain any legend (including the legend set forth in Section 4.1(b) hereof): (i)
while a registration statement covering the resale of such security is effective under the Securities Act, or (ii) following any
sale of such Shares pursuant to Rule 144, or (iii) if such legend is not required under applicable requirements of the Securities
Act (including judicial interpretations and pronouncements issued by the staff of the SEC). The Company shall cause its counsel,
at the Company’s expense, to issue a legal opinion to the Company’s transfer agent promptly if required by the Company’s
transfer to effect the removal of the legend hereunder.

 

4.2
Reservation of Shares. The Company shall at all times reserve from its duly authorized shares of Common Stock of a number
of shares of Common Stock sufficient to allow for the issuance of the Shares.

 

4.3
Replacement of Shares. If any certificate or instrument evidencing any Shares res is mutilated, lost, stolen or destroyed,
the Company shall issue or cause to be issued in exchange and substitution for and upon cancellation thereof, or in lieu of and
substitution therefor, a new certificate or instrument, but only upon receipt of evidence reasonably satisfactory to the Company
of such loss, theft or destruction and customary and reasonable indemnity, if requested. The applicants for a new certificate
or instrument under such circumstances shall also pay any reasonable third-party costs associated with the issuance of such replacement
Shares. If a replacement certificate or instrument evidencing any Shares is requested due to a mutilation thereof, the Company
may require delivery of such mutilated certificate or instrument as a condition precedent to any issuance of a replacement.

 

4.4
Form D; Blue Sky Filings. The Company agrees to timely file a Form D with respect to the Shares, to the extent applicable,
under Regulation D promulgated under the Securities Act. The Company shall take such action as the Company shall reasonably determine
is necessary in order to obtain an exemption for, or to qualify the Shares for, sale to the Investor at the Closing under applicable
securities or “Blue Sky” laws of the states of the United States, and shall provide evidence of such actions promptly
upon request of any Investor.

 

4.5
Equal Treatment of Investors. No consideration (including any modification of any Transaction Document) shall be offered
or paid to any person to amend or consent to a waiver or modification of any provision of any of this Agreement unless the same
consideration is also offered to all of the parties to this Agreement.

 

4.6
Indemnification.

 

(a)
The Company agrees to indemnify and hold harmless the Investor, its affiliates and their respective officers, directors, employees,
agents and controlling persons (collectively, the “Indemnified Parties”) from and against , any and all loss,
liability, damage or deficiency suffered or incurred by any Indemnified Party by reason of any misrepresentation or breach of
warranty by the Company or, after any applicable notice and/or cure periods, nonfulfillment of any covenant or agreement to be
performed or complied with by the Company under this Agreement, this Agreement; and will promptly reimburse the Indemnified Parties
for all expenses (including reasonable fees and expenses of legal counsel) as incurred in connection with the investigation of,
preparation for or defense of any pending or threatened claim related to or arising in any manner out of any of the foregoing,
or any action or proceeding arising therefrom (collectively, “Proceedings”), whether or not such Indemnified Party
is a formal party to any such Proceeding.

 

    	 	13	 

    	 	 	 

    

 

(b)
If for any reason (other than a final non-appealable judgment finding any Indemnified Party liable for losses, claims, damages,
liabilities or expenses for its gross negligence or willful misconduct) the foregoing indemnity is unavailable to an Indemnified
Party or insufficient to hold an Indemnified Party harmless, then the Company shall contribute to the amount paid or payable by
an Indemnified Party as a result of such loss, claim, damage, liability or expense in such proportion as is appropriate to reflect
not only the relative benefits received by the Company on the one hand and the Advisor on the other, but also the relative fault
by the Company and the Indemnified Party, as well as any relevant equitable considerations.

 

4.7
Non-Public Information. Except with respect to the material terms and conditions of the transactions contemplated by this
Agreement, the Company covenants and agrees that neither it, nor any other person acting on its behalf, will provide Investor
or its agents or counsel with any information that the Company believes constitutes material non-public information, unless prior
thereto Investor shall have executed a written agreement regarding the confidentiality and use of such information. The Company
understands and confirms that Investor shall be relying on the foregoing covenant in effecting transactions in Shares of the Company.

 

V.
MISCELLANEOUS

 

5.1
Except as otherwise provided herein, this Agreement shall not be changed, modified or amended except by a writing signed by the
parties to be charged, and this Agreement may not be discharged except by performance in accordance with its terms or by a writing
signed by the party to be charged. No waiver of any default with respect to any provision, condition or requirement of this Agreement
shall be deemed to be a continuing waiver in the future or a waiver of any subsequent default or a waiver of any other provision,
condition or requirement hereof, nor shall any delay or omission of any party to exercise any right hereunder in any manner impair
the exercise of any such right.

 

5.2
This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives,
successors and assigns. The Company may not assign this Agreement or any rights or obligations hereunder without the prior written
consent of Investor (other than by merger). Investor may assign any or all of its rights under this Agreement to any person to
whom Investor assigns or transfers any Shares, provided that such transferee agrees in writing to be bound, with respect to the
transferred Shares, by the provisions of this Agreement

 

5.3
This Agreement, together with the exhibits and schedules thereto, contain the entire understanding of the parties with respect
to the subject matter hereof and supersede all prior agreements and understandings, oral or written, with respect to such matters,
which the parties acknowledge have been merged into such documents, exhibits and schedules.

 

5.4
Upon the execution and delivery of this Agreement by the Investor and the Company, this Agreement shall become a binding obligation
of the Investor with respect to the purchase of Shares as herein provided, subject, however, to the right hereby reserved by the
Company to enter into the same agreements with other Investor and to reject any subscription, in whole or in part, provided the
Company returns to Investor any funds paid by Investor with respect to such rejected subscription or portion thereof, without
interest or deduction.

 

    	 	14	 

    	 	 	 

    

 

5.5
All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by and
construed and enforced in accordance with the internal laws of the State of California, without regard to the principles of conflicts
of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Agreement and any other this Agreement (whether brought against a party hereto or its respective affiliates,
directors, officers, shareholders, employees or agents) shall be commenced exclusively in the state and federal courts sitting
in the City of Los Angeles, State of California. Each party hereby irrevocably submits to the exclusive jurisdiction of the state
and federal courts sitting in the City of Los Angeles 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 any of this Agreement),
and hereby irrevocably waives, and agrees not to assert in any suit, action 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.

 

5.6
In order to discourage frivolous claims the parties agree that unless a claimant in any proceeding arising out of this Agreement
succeeds in establishing his claim and recovering a judgment against another party (regardless of whether such claimant succeeds
against one of the other parties to the action), then the other party shall be entitled to recover from such claimant all of its/their
reasonable legal costs and expenses relating to such proceeding and/or incurred in preparation therefor.

 

5.7
The holding of any provision of this Agreement to be invalid or unenforceable by a court of competent jurisdiction shall not affect
any other provision of this Agreement, which shall remain in full force and effect. If any provision of this Agreement shall be
declared by a court of competent jurisdiction to be invalid, illegal or incapable of being enforced in whole or in part, such
provision shall be interpreted so as to remain enforceable to the maximum extent permissible consistent with applicable law and
the remaining conditions and provisions or portions thereof shall nevertheless remain in full force and effect and enforceable
to the extent they are valid, legal and enforceable, and no provisions shall be deemed dependent upon any other covenant or provision
unless so expressed herein.

 

5.8
It is agreed that a waiver by either party of a breach of any provision of this Agreement shall not operate, or be construed,
as a waiver of any subsequent breach by that same party.

 

5.9
The Company agrees to execute and deliver all such further documents, agreements and instruments and take such other and further
action as may be necessary or appropriate to carry out the purposes and intent of this Agreement.

 

5.10
This Agreement may be executed in two or more counterparts each of which shall be deemed an original, but all of which shall together
constitute one and the same instrument. In the event that any signature is delivered by facsimile transmission or by e-mail delivery
of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or
on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature
page were an original thereof.

 

5.11
Nothing in this Agreement shall create or be deemed to create any rights in any person or entity not a party to this Agreement.

 

5.12
In addition to being entitled to exercise all rights provided herein or granted by law, including recovery of damages, the Investor
and the Company will be entitled to specific performance under this Agreement. The parties agree that monetary damages may not
be adequate compensation for any loss incurred by reason of any breach of obligations described in the foregoing sentence and
hereby agrees to waive in any action for specific performance of any such obligation the defense that a remedy at law would be
adequate.

 

*****************************

 

Signature
page follow

 

    	 	15	 

    	 	 	 

    

 

IN
WITNESS WHEREOF, the Investor and the Company have caused this Subscription Agreement to be duly executed as of the
date first written above.

 

	 	COMPANY:
	 	UBIQUITY, INC.
	 	 	 
	 	By:	
	 	Name:	Christopher Carmichael, 
	 	Title:	Chief Executive Officer

 

	 	SUBSCRIBER:
	 	 
	 	The
    Investor executing the Investor Omnibus Signature Page in the form attached hereto as Annex A and delivering the same
    to the Company or its agents shall be deemed to have executed this Agreement and agreed to the terms hereof.

 

    	 

    	 	 	 

    

 

SUBSCRIBER
OMNIBUS SIGNATURE PAGE

TO

SUBSCRIPTION
AGREEMENT

AND
ESCROW AGREEMENT

 

The
undersigned, desiring to: (i) enter into the Subscription Agreement, dated as of _______________1, 2017 (the “Securities
Purchase Agreement”), between the undersigned, Ubiquity Inc., a Nevada corporation (the “Company”), and
the other parties thereto, in or substantially in the form furnished to the undersigned, (ii) enter into the Escrow Agreement
between the undersigned, the Company and the Escrow Agent; and (iii) purchase the Shares of the Company as set forth below, hereby
agrees to purchase such Shares from the Company and further agrees to join the Subscription Agreement and the Escrow Agreement
as a party thereto, with all the rights and privileges appertaining thereto, and to be bound in all respects by the terms and
conditions thereof. The undersigned specifically acknowledges having read the representations section in the Subscription Agreement
entitled “Investor’s Representations and Warranties,” and hereby represents that the statements contained therein
are complete and accurate with respect to the undersigned as a Investor.

The
Investor hereby elects to:

 

	●	purchase
    a total of __________Shares at a Per Share Purchase Price of twenty-five ($0.25) cents per Share, and
	 	 
	●	pay
    a Purchase Price of US $ by wire transfer of immediately available funds to the Escrow Agent to be held under the
    terms of this Agreement and the Escrow Agreement

 

(to
be completed by the Investor) under the Subscription Agreement.

 

	SUBSCRIBER
    (individual)	 	SUBSCRIBER
    (entity)
	 	 	 
	Signature	 	Name
    of Entity
	 	 	 
	Print
    Name	 	Signature
	 	 	 
	 	 	Print Name:	 
	Signature
    (if Joint Tenants or Tenants in Common)	 	Title:	 
	 	 	 
	Address
    of Principal Residence:	 	Address
    of Executive Offices:
	 	 	 
	 	 	 
	 	 	 
	Email
    Address:	 	Email
    Address:
	 	 	 
	Telephone
    Number:	 	Telephone
    Number:
	 	 	 
	Facsimile
    Number	 	Facsimile
    Number
	 	 	 

 

    	 	2	 

    	 	 	 

    

 

UBIQUITY,
INC.

 

INVESTOR
CERTIFICATION

 

For
Individual Accredited Investors Only

 

(all
Individual Accredited Investors must INITIAL where appropriate):

 

	Initial
    _______	 	I
    have a net worth of at least $1 million either individually or through aggregating my individual holdings and those in which
    I have a joint, community property or other similar shared ownership interest with my spouse. (For purposes of calculating
    your net worth under this paragraph, (a) your primary residence shall not be included as an asset; (b) indebtedness secured
    by your primary residence, up to the estimated fair market value of your primary residence at the time of your purchase of
    the securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time
    of your purchase of the securities exceeds the amount outstanding 60 days before such time, other than as a result of the
    acquisition of your primary residence, the amount of such excess shall be included as a liability); and (c) indebtedness that
    is secured by your primary residence in excess of the estimated fair market value of your primary residence at the time of
    your purchase of the securities shall be included as a liability.)
	 	 	 
	Initial
    _______	 	I
    have had an annual gross income for the past two years of at least $200,000 (or $300,000 jointly with my spouse) and expect
    my income (or joint income, as appropriate) to reach the same level in the current year.
	 	 	 
	Initial
    _______	 	I
    am a director or executive officer of Boxlight Corporation

 

For
Non-Individual Accredited Investors

(all
Non-Individual Accredited Investors must INITIAL where appropriate):

 

	Initial
    _______	 	The
    investor certifies that it is a partnership, corporation, limited liability company or business trust that is 100% owned by
    persons who meet at least one of the criteria for Individual Investors set forth above.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is a partnership, corporation, limited liability company or business trust that has total assets
    of at least $5 million and was not formed for the purpose of investing the Company.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is an employee benefit plan whose investment decision is made by a plan fiduciary (as defined in
    ERISA §3(21)) that is a bank, savings and loan association, insurance company or registered investment advisor.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is an employee benefit plan whose total assets exceed $5,000,000 as of the date of this Agreement.
	 	 	 
	Initial
    _______	 	The
    undersigned certifies that it is a self-directed employee benefit plan whose investment decisions are made solely by persons
    who meet at least one of the criteria for Individual Investors.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is a U.S. bank, U.S. savings and loan association or other similar U.S. institution acting in its
    individual or fiduciary capacity.
	 	 	 
	Initial
    _______	 	The
    undersigned certifies that it is a broker-dealer registered pursuant to §15 of the Securities Exchange Act of 1934.

 

    	 	3	 

    	 	 	 

    

 

	Initial
    _______	 	The
    investor certifies that it is an organization described in §501(c)(3) of the Internal Revenue Code with total assets
    exceeding $5,000,000 and not formed for the specific purpose of investing in the Company.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is a trust with total assets of at least $5,000,000, not formed for the specific purpose of investing
    in the Company, and whose purchase is directed by a person with such knowledge and experience in financial and business matters
    that such person is capable of evaluating the merits and risks of the prospective investment.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is a plan established and maintained by a state or its political subdivisions, or any agency or
    instrumentality thereof, for the benefit of its employees, and which has total assets in excess of $5,000,000.
	 	 	 
	Initial
    _______	 	The
    investor certifies that it is an insurance company as defined in §2(13) of the Securities Act of 1933, or a registered
    investment company.

 

For
Non-U.S. Person Investors

(all
Investors who are not a U.S. Person must INITIAL this section):

 

	Initial
    _______	 	The
    investor is not a “U.S. Person” as defined in Regulation S; and specifically the investor is not:
	 	 	 
	A.	 	a
    natural person resident in the United States of America, including its territories and possessions (“United States”);
	 	 	 
	B.	 	a
    partnership or corporation organized or incorporated under the laws of the United States;
	 	 	 
	C.	 	an
    estate of which any executor or administrator is a U.S. Person;
	 	 	 
	D.	 	a
    trust of which any trustee is a U.S. Person;
	 	 	 
	E.	 	an
    agency or branch of a foreign entity located in the United States;
	 	 	 
	F.	 	a
    non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit
    or account of a U.S. Person;
	 	 	 
	G.	 	a
    discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated,
    or (if an individual) resident in the United States; or
	 	 	 
	H.	 	a
    partnership or corporation: (i) organized or incorporated under the laws of any foreign jurisdiction; and (ii) formed by a
    U.S. Person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized
    or incorporated, and owned, by accredited investors (as defined in Rule 501(a) under the Securities Act) who are not natural
    persons, estates or trusts.

 

And,
in addition:

 

	I.	 	the
    investor was not offered the securities in the United States;
	 	 	 
	J.	 	at
    the time the buy-order for the securities was originated, the investor was outside the United States; and
	 	 	 
	K.	 	the
    investor is purchasing the securities for its own account and not on behalf of any U.S. Person (as defined in Regulation S)
    and a sale of the securities has not been pre-arranged with a purchaser in the United States.

 

    	 	4	 

    	 	 	 

    

 

UBIQUITY, INC.

ANTI MONEY Investor Profile

(Must be completed by Investor)

Section A - Personal Investor Information

	Investor Name(s):	 
	Individual executing Profile or Trustee:	 
	Social Security Numbers / Federal I.D. Number:	 
	Date of Birth:	 	 	 	Marital Status:	 	 
	Joint Party Date of Birth:	 	 	 	Investment Experience (Years):	 	 
	Annual Income:	 	 	 	Liquid Net Worth:	 	 
	Net Worth (excluding value of primary residence):	 
	Tax Bracket:	 	 	15% or below	 	 	25% - 27.5%	 	 	Over 27.5%
	 	 
	Home Street Address:	 
	Home City, State & Zip Code:	 
	Home Phone:	 	Home Fax:	 	Home Email:	 
	Employer:	 
	Employer Street Address:	 
	Employer City, State & Zip Code:	 
	Bus. Phone:	 	Bus. Fax:	 	Bus. Email:	 
	Type of Business:	 
	 
	If you are a United States citizen, please list the number and jurisdiction of issuance of any other government-issued document evidencing residence and bearing a photograph or similar safeguard (such as a driver’s license or passport), and provide a photocopy of each of the documents you have listed.
	 
	If you are NOT a United States citizen, for each jurisdiction of which you are a citizen or in which you work or reside, please list (i) your passport number and country of issuance or (ii) alien identification card number AND (iii) number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or similar safeguard, and provide a photocopy of each of these documents you have listed.  These photocopies must be certified by a lawyer as to authenticity.  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

    	 	5	 

    	 	 	 

    

	ANNEX C
	 
	 
	Section B – Certificate Delivery Instructions
	 
	 	 	Please deliver Note to the Employer Address listed in Section A.
	 	 	Please deliver Note to the Home Address listed in Section A.
	 	 	Please deliver Note to the following address:	 
	 
	Section C – Form of Payment – Check or Wire Transfer
	 
	 	 	Check payable to CKR Law LLP Attorney Trust Account, as Escrow Agent for Boxlight Corporation
	 	 	Wire funds from my outside account according to Section 1(a) of the Subscription Agreement.
	 	 	The funds for this investment are rolled over, tax deferred from __________ within the allowed 60 day window.
	 
	Please check if you are a FINRA member or affiliate of a FINRA member firm: ________
	 
	 	 	 
	Investor Signature	 	Date
	 	 	 	 	 	 

    	 	6	 

    	 	 	 

    

 

ANNEX
D

 

LAUNDERING
REQUIREMENTS

 

The
USA PATRIOT Act

 

The
USA PATRIOT Act is designed to detect, deter, and punish terrorists in the United States and abroad. The Act imposes new anti-money
laundering requirements on brokerage firms and financial institutions. Since April 24, 2002 all brokerage firms have been required
to have new, comprehensive anti-money laundering programs.

 

To
help you understand these efforts, we want to provide you with some information about money laundering and our steps to implement
the USA PATRIOT Act.

 

What
is money laundering?

 

Money
laundering is the process of disguising illegally obtained money so that the funds appear to come from legitimate sources or activities.
Money laundering occurs in connection with a wide variety of crimes, including illegal arms sales, drug trafficking, robbery,
fraud, racketeering, and terrorism.

 

How
big is the problem and why is it important?

 

The
use of the U.S. financial system by criminals to facilitate terrorism or other crimes could well taint our financial markets.
According to the U.S. State Department, one recent estimate puts the amount of worldwide money laundering activity at $1 trillion
a year.

 

What
are we required to do to eliminate money laundering?

 

Under
rules required by the USA PATRIOT Act, our anti-money laundering program must designate a special compliance officer, set up employee
training, conduct independent audits, and establish policies and procedures to detect and report suspicious transaction and ensure
compliance with such laws. As part of our required program, we may ask you to provide various identification documents or other
information. Until you provide the information or documents we need, we may not be able to effect any transactions for you.

 

    	 	 	 

    	 	 	 

    

 

ANNEX D

 

ANTI-MONEY LAUNDERING INFORMATION FORM

The following is required in accordance with
the AML provision of the USA PATRIOT ACT.

(Please fill out and return with
requested documentation.)

INVESTOR NAME:________________________________________________

LEGAL ADDRESS:________________________________________________

_________________________________________________________________       

SSN# or TAX ID#

OF INVESTOR:_________________________________________________

YEARLY INCOME:  _________________________________________________

FOR INVESTORS WHO ARE INDIVIDUALS:
AGE:  ________________________

NET WORTH:  _____________________________________________________*

*For purposes
of calculating your net worth in this form, (a) your primary residence shall not be included as an asset; (b) indebtedness
secured by your primary residence, up to the estimated fair market value of your primary residence at the time of your purchase
of the securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time
of your purchase of the securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition
of your primary residence, the amount of such excess shall be included as a liability); and (c) indebtedness that is secured by
your primary residence in excess of the estimated fair market value of your primary residence at the time of your purchase of the
securities shall be included as a liability.

FOR INVESTORS WHO ARE INDIVIDUALS:
OCCUPATION:  _________________________

ADDRESS OF BUSINESS OR OF EMPLOYER:______________________________________

______________________________________________________________________________       

FOR INVESTORS WHO ARE ENTITIES:

YEARLY INCOME: __________            NET
WORTH: ___________

TYPE OF BUSINESS: ____________________________________

INVESTMENT OBJECTIVE(S) (FOR ALL
INVESTORS):  ______________________________

IDENTIFICATION & DOCUMENTATION
AND SOURCE OF FUNDS:

	 	1.	Please submit a copy of non-expired identification for the authorized signatory(ies) on the investment documents, showing name, date of birth, address and signature. The address shown on the identification document MUST match the Investor’s address shown on the Investor Signature Page.

	Current Driver’s License	or	Valid Passport	or	Identity Card
	 	 	(Circle one or more)	 	 

 

	 	2.	If the Investor is a corporation, limited liability company, trust or other type of entity, please submit the following requisite documents: (i) Articles of Incorporation, By-Laws, Certificate of Formation, Operating Agreement, Trust or other similar documents for the type of entity; and (ii) Corporate Resolution or power of attorney or other similar document granting authority to signatory(ies) and designating that they are permitted to make the proposed investment.

	 	3.	Please advise where the funds were derived from to make the proposed investment:

	Investments	Savings	Proceeds of Sale	Other ____________
	 	 	(Circle one or more)	 

 

Signature:  ______________________________________

Print Name:  _____________________________________

Title (if applicable):  _______________________________

Date:  __________________________________________

 

1330 Avenue of the Americas | New
York, New York 10019

T +1.212.400.6900 | F +1.212.400.6901

 

    	 	 	 

    	 	 	 

    

 

EXHIBIT A

 

Form of Escrow Agreement

 

    	 	 	 

    	 	 	 

    

 

EXHIBIT
B

 

Proposed
Ubiquity, Inc. Restructuring Plan

 

Set
forth below is an outline of steps to be taken to restructure Ubiquity, Inc., a Nevada corporation (the “Company”).

 

	 	1.	Filing
    Compliance Under Securities Exchange Act of 1934, as amended

 

Counsel
to the Company to work with the Company Chief Financial Officer and Hall & Associates (auditors) to prepare and file with
the SEC by not later than June 15, 2017, or as soon thereafter as is practicable:

 

	 	(a)	Form 10-K Annual Report for
    the year ended December 31, 2015
	 	(b)	Form 10-Q Quarterly Report for three months
    ended March 31, 2016
	 	(c)	Form 10-Q Quarterly Report for six months ended
    June 30, 2016
	 	(d)	Form 10-Q Quarterly Report for nine months ended
    September 30, 2016
	 	(e)	Form 10-K Annual Report for the year ended December
    31, 2016
	 	(f)	Form 10-Q Quarterly Report for the three months
    ended March 31, 2017.

 

	 	2.	Reverse
    Stock Split. Simultaneous with the SEC filings in Section 1 above, the board of directors of the Company will file an
    amendment to the Articles of Incorporation of the Company to:

 

	 	(a)	Effect
    a 1:16 to 1:20 reverse stock split of its 800,000,000 authorized shares of common stock, $0.001 par value per share (“Common
    Stock”) and 290,760,132 issued and outstanding shares of Common Stock. Upon conversion of outstanding convertible
    notes and warrants approximately an additional 60,000,000 shares will be issued.
	 	 	 
	 	(b)	As a result of the
    Reverse Split, the Company will have 53,333,333 shares of authorized Common Stock, 10,000, 000 shares of Preferred Stock authorized,
    and 19,384,009 shares of Common Stock and 500 shares of “super voting” preferred stock issued and outstanding.
	 	 	 
	 	(c)	Under Nevada law,
    if the reverse split involves both the authorized Common Stock and the outstanding Common Stock, it can be consummated
    by vote of the board of directors without a stockholder meeting or consent.

 

	 	3.	Defaulted Debt Obligations
    and Settlement of Litigation.

 

	 	(a)	The
    Company is currently indebted to hedge funds and other investors holding toxic convertible debt securities and warrants in
    the amount of approximately $3.1 million. This consists of:

 

	 	(i)	$112,475 owed to Union Capital
	 	(ii)	$ 86,350 owed to Adar Bays
	 	(iii)	$198,000 owed to Vista
	 	(iv)	$126,540 owed to Cardinal
	 	(v)	$457,150 owed to Typenex
	 	(vi)	$166,125 owed to JMJ
	 	(vii)	$495,841 owed to Auctus
	 	(viii)	$234,000 owed to JDF Capital
	 	(ix)	$150,000 owed to Tangiers
	 	(x)	$190,500 owed to JSJ
	 	(xi)	$131,250 owed to Blue Citi
	 	(xii)	$203,363 owed to First Fire Global
	 	(xiii)	$203,363 owed to R Squared Partners
	 	(xiv)	$398,750 owed to Anson Group
	 	(xv)	$120,120 owed to LG

 

    	 	 	 

    	 	 	 

    

 

	 	(b)	The
    Company has entered into an agreement with Tarpon Bay Partners, LLC, an affiliate of Southridge Capital (Steve Hicks) under
    which Tarpon will acquire the debt owed to JSJ, Union, Adar Bays, Tangiers, Blue Citi, R-Squared, Cardinal, Anson, Auctus
    and First Fire (approximately $2.0 million ) and receive a 10% convertible note from the Company which will convert into free
    trading Common Stock at 65% of the market price pursuant to a Section 3(a)(10) exchange transaction.
	 	 	 
	 	(c)	Subject to establishment
    of an escrow account with a minimum of $5,000,000, the Company will enter into a settlement agreement with the creditors which
    contemplates, subject to completion of the Restructuring Plan:

 

	 	(i)	Payment
    of approximately $1.0 million owed to the creditors who have not entered into agreements with Tarpon Bay to sell their debt;
	 	 	 
	 	(ii)	Restructure 10%
    convertible notes to be issued to Tarpon Bay due February 28. 2018 so that upon completion of the Restructuring Plan, the
    notes are convertible into Common Stock at a fixed price per share (not 65% of the market price at the time of conversion.
	 	 	 
	 	(iii)	Any settlement would
    include a Section 3(a)(9) exchange offer, whereby the investors would exchange their warrants or other convertible equity
    securities for shares of Common Stock.
	 	 	 
	 	(iv)	Any settlement would
    involve receipt of full releases to the Company, its officers, directors, stockholders and affiliates, including Chris Carmichael,
    Connie Jordan and Brenden Garrison.

 

	 	4.	Ubiquity Corporate Structure.

 

	 	(a)	The
    Company will transfer all of its patents, intellectual property and related assets (other than the stock of Sprocket Wareables,
    Inc (“Sprocket”)- a 60% owned subsidiary) to Ubiquity Studios, Inc., a 100% owned subsidiary
    of the Company (UBIQ Studios”). Sprocket distributes licensed virtual reality products such as watches, etc.
    UBIQ Studios intends to commercialize its virtual reality products.
	 	 	 
	 	(b)	Ubiquity Studios
    will seek to acquire Sonic Pool, Inc., a post-production house (“Sonic Pool”).

 

	 	5.	Sonic Pool Acquisition.
    The proposed MOU with Sonic Pool will be amended as follows:

 

	 	(a)	UBIQ
    Studios will acquire 100% of the capital stock of Sonic Pool;
	 	 	 
	 	(b)	The stockholders
    of Sonic Pool will be entitled to receive a 6% $6,000,000 convertible note of Ubiquity due March 31, 2020 (the “Purchase
    Note”);
	 	 	 
	 	(c)	The Purchase Note
    is guaranteed by UBIQ Studios and secured by a pledge of the Sonic Pool shares;
	 	 	 
	 	(d)	At such time as
    the shares of Common Stock of either (i) the Company, or (ii) UBIQ Studios are listed for trading on Nasdaq Capital Markets
    at a minimum market capitalization of $30,000,000, the Purchase Note will automatically convert into Common Stock of the public
    company at the closing price of the shares at the time of listing on Nasdaq (the “Conversion Shares”);
    provided, that in no event shall the conversion shares represent less than (A) 15% of the outstanding shares of Ubiquity,
    Inc. (if the Company lists on Nasdaq) or (B) 33-1/3% of the outstanding shares of UBIQ Studios (if UBIQ Studios lists on Nasdaq).

 

    	 	 	 

    	 	 	 

    

 

	 	(e)	At closing the Company
    and the Sonic Pool stockholders enter into a stockholders agreement pursuant to which:

 

	 	(i)	UBIQ
    Studios and Sonic Pool will have a 5 person board of directors of which the Company will designate three directors and the
    Sonic Pool stockholders will designate two directors.
	 	 	 
	 	(ii)	Without the consent
    of the Sonic Pool designees on the Board of Directors, neither the Board of Directors of UBIQ Studios or Sonic Pool will:

 

	 	(A)	Impose
    and indebtedness for borrowed money on Sonic Pool in excess of $50,000;
	 	(B)	Subject any of the
    assets of Sonic Pool to any lien or security interest;
	 	(C)	Change in any material
    manner the nature of the business of Sonic Pool;
	 	(D)	Impose any management
    fees on Sonic Poo;
	 	(E)	Engage in any related
    party transactions with Sonic Pool; or
	 	(F)	Amend the Stockholders
    Agreement.

 

	 	(f)	At Closing,
    the executive officers of Sonic Pool will enter into three year employment agreements with UBIQ Studios in which they will
    continue to manage the day-to-day operations of Sonic Pool.

 

	 	6.	Stockholders Meeting.
    Once the SEC Reports referred to in Section 1 above are filed with the SEC and Reverse Stock Split have been completed and
    settlement agreements with Noteholders have been entered into, the Company will call a stockholders meeting to (a) elect a
    board of directors, which will include three independent directors; (b) ratify prior transactions, including the Restructuring
    Plan.
	 	 	 
	 	7.	Proof of Funds.

 

The
entire Restructuring Plan is subject to the Company demonstrating to its creditors, stockholders and other parties to pending
litigation that the Company has the cash to settle disputed items. 

 

Accordingly,
the Company will, as an initial step, seek to enter into subscription agreements with investors who have invested and worked with
Christopher Carmichael in the past, under which:

 

	 	●	The
    Investors will deposit a minimum of $5.0 million and a maximum of $10.0 million in escrow with Wilmington Trust Company or
    another bank acceptable to the Investors;
	 	 	 
	 	●	The Investors agree
    to purchase Common Stock of the Company at a price of $0.25 per share ($4.00 - $5.00 per share after the Reverse Split);
	 	 	 
	 	●	The escrowed funds
    ONLY get released at such time as (a) the Restructuring Plan is approved and completed in a manner that is satisfactory to
    the “investor representative” (as defined) and the Company.

 

    	 	 	 

    	 	 	 

    

 

EXHIBIT C

 

Ubiquity, Inc.

Capitalization

 

		I.	Indebtedness 

 

	Name of Noteholder	
        Total Owed

        (March 15, 2017)
	Maturity Date	Conversion Price
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

		II.	Common Stock

 

Authorized Shares:800,000,000 shares of Common
Stock, $0.001 par value per share and 10,000,000 shares of Preferred Stock.

 

Outstanding Shares.290,760,132
issued and outstanding shares of Common Stock. 500 shares of preferred stock owned by C. Carmichael, each share having 1,000,000
votes.

 

Fully-Diluted Common Stock.Approximately
350,760,132 Shares. Upon conversion of outstanding convertible notes and warrants approximately an additional 60,000,000 shares
will be issued.

 

	 	III.	Principal Stockholders (5% or more of Outstanding Common Stock.

 

	Name of Stockholder	
        Total # of Shares Owed

        (March 15, 2017)

	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 

 

    	 	 	 

    	 	 	 

     

	 	IV.	Outstanding Options and Warrants.

 

	Name of Option or Warrant Holder	
        Total Owed

        (March 15, 2017)
	Exercise Price	Expiration Date

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