Document:

Exhibit 10-d

 

深
圳 市

 

Shenzhen

 

劳

 

动

 

合

 

同

 

Labor
Contract

 

(使用全日制用工)

(Full-time
employment)

 

 

 

 

 

 

深圳市劳动和社会保障局编制

Prepared
by Shenzhen Labor & Social Security Bureau

 

    	 	1	 

     

    

 

	甲方(用人单位)

                                                                                                  

        Party
        A (employer)
	 	乙方(员工)

                                                                                                  

        Party
        B (Employee)

	 	 	 
	名称:深圳市网合科技股份有限公司

                                                                                      

        Name:Shenzhen
        Wonhe Technology Co., Ltd.
	 	姓名:童清

                                                                                      

        Name:
        Qing Tong

	 	 	 
	住所:深圳市宝安区新安街道甲岸路及海秀路交汇处熙龙湾花园(N23区)商业办公楼2505-2511之2505

         

        Address:Room
        2505 from 2505 to 2511 of Commercial Building, (N23 Area) Xilongwan Garden, interchange between Haixiu Road and Jia’an
        Road, Xin'an Subdistrict, Baoan District, Shenzhen City. 

         
	 	性别:
                                         男

                                                                                      

        Gender:
        Male

         

	法定代表人

                                                                                      

        Legal
        Representative
	 	身份证   

                                                                                      

        ID
Card 

	 	 	 
	(主要负责人)______________________________

                                                                                      

        (Person
        chiefly in charge) ________________
	 	号码
                                             422427196804023216

                                                                                      

        Number
        422427196804023216

	 	 	 
	联系人
                                         ____________/ ___________________

                                                                                      

        Contact_______________________
	 	住址
                                         __________ /
_____                                         
 

                                                                                      

        Address_____________________

	 	 	 
	联系电话 _______________________________

                                                                                      

        Contract
        number _____ / ___________________
	 	联系电话
                                          ________ / ___________

                                                                                      

        Contract
        number_______________

  

    	 	2	 

     

    

 

根据《中华人民共和国劳动法》(以下简称《劳动法》)、《中华人民共和国劳动合同法》(以下简称《劳动合同法》)等有关法律法规的规定,甲乙双方遵循合法、公平、平等自愿、协商一致、诚实信用的原则,签订本合同,共同遵守本合同所列条款。

 

In
accordance with the provisions of Labor Law of the People’s Republic of China (hereinafter referred to as Labor
Law), Labor Contract Law of the People’s Republic of China (hereinafter referred to as Labor Contract Law)
and other relevant laws and regulations, on the principle of legitimacy, fairness, equality, consensus and good faith, Party A
and Party B enter into this contract to abide the terms of this contract.

 

一、合同期限

 

I.
Term of Contract

 

(一)甲乙双方同意按以下第
1 种方式确定本合同期限。

 

Party
A and Party B agree to ensure the term of contract as the first method below.

 

1、
有固定期限:从 2016 年 11 月 1日起至
2019年 10 月_31日止。

 

With
fixed period: From November 1, 2016 to October 31, 2019.

 

2、无固定期限:从
__/___
年 __ / ___
月 __ / ___
日起。

 

Without
fixed period: Since _/__Year_/__Month_/__Date.

 

3、以完成一定工作任务为期限:从
__/____
年 __/____
月 __/____
日起至_____

 

工
作 任 务 完 成 时 止 。
完 成 工 作 任 务 的 标 志 

是  

 

Period
is confirmed by completing prescribed work: From _/__Year_/__Month_/___Date
to  to complete the work. The signal of completing prescribed work
is .

 

    	 	3	 

     

    

 

(二)试用期为
无 (试用期包括在合同期限内,如无试用期,则填写“无”)。

 

The
probation period is no (probation period is included in the contract period, if there is no probation period, then fill
with "no").

 

二、工作内容和工作地点

 

II.
Content and Place of Working

 

乙方的工作内容(岗位或工种)
董事长 。

 

The
work content of Party B (post or profession) is: Chairman.

 

乙方工作地点
深圳 。

 

Working
place of the Party B is Shenzhen.

 

三、工作时间和休息休假

 

III.
Working Hours, Rest and Vacation

 

(一)甲乙双方同意按以下第
1 种方式确定乙方的工作时间。

 

Party
A and Party B agree to confirm Party B’s working hours as first method below.

 

 标准工作制,即每日工作 8 小时(不超过8小时),每周工作 40 小时(不超过40小时),每周至少休息一日。

 

Standard
working hours system, e. g. working hours for each day is 8 hours (no more than 8 hours); 40 hours a week (no more
than 40 hours). In one week, there should be off-work for at least one day.

 

2、不定时工作制,即经劳动保障行政部门审批,乙方所在岗位实行不定时工作制。

 

Flexible
working hour system, namely the post where Party B belongs to executes flexible working hour system through the approval of the
Labor Security Administration Department.

 

3、综合计算工时工作制,即经劳动保障行政部门审批,乙方所在岗位实行综合计算工时工作制。

 

Comprehensive
Calculation Working Time System, namely the post where Party B belongs to executes comprehensive Calculation Working Time System
through the approval of the Labor Security Administration Department.

 

    	 	4	 

     

    

 

(二)甲方由于生产经营需要延长工作时间的,按照《劳动法》第四十一条执行。

 

If
Party A needs to extend working hours due to the production and operation, execute according to Article 41of Labor law.

 

(三)乙方依法享有法定节假日、婚假、产假、丧假等假期。

 

Party
B is entitled to enjoy the statutory holidays, marriage leave, maternity leave, funeral leave and such holidays legally.

 

(四)乙方的其他休息休假安排
按国家规定享有带薪年假____________

 

 

 

Other
rest and holiday schedule of Party B Having the paid annual leave according to the regulations of the state.

 

 

四、劳动报酬

 

IV.
Labor Payment

 

(一)甲方依法制定工资分配制定,并告知乙方。甲方支付给乙方的工资不得低于市政府公布的当年度最低工资。

 

Pursuant
to the law, Party A sets wage distribution plan and notify to Party B. Wages paid to Party B by Party A can’t lower than
current year minimum wage released by the municipal government.

 

(二)乙方每月工资 15000  元(其中试用期每月工资 
元)或按

 执行。

 

Party
B’s monthly salary is RMB 15000 yuan (monthly salary in probation  is_______ yuan) or
will execute in accordance with _________________

 

 .

 

    	 	5	 

     

    

 

(三)甲方每月
25 日发放工资。甲方至少每月以货币形式向乙方支付一次工资。

 

Party
A shall monthly pay salary on 25th (date) . Party A shall at least pay salary to Party B in currency form each month.

 

(四)乙方加班工资,假期工资及特殊情况下的工资支付按有关法律、法规的归档执行。

 

Overtime
wage, vacation wages and special circumstances salary of Party B shall be paid in accordance with filing relevant laws and regulations.

 

 

 

五、社会保险和福利待遇

 

V.
Social insurance and welfare benefits

 

(一)甲乙双方按照国家和省、市有关规定,参加社会保险,缴纳社会保险费。

 

Both
sides in accordance with the relevant provisions of the nation, province and city, participate in social insurance, pay society
insurance premium.

 

(二)乙方患病或非因工负伤,甲方应按国家和省、市的有关规定给予乙方享受医疗期和医疗期待遇。

 

If
Party B suffer from an illness or injured with no relation to work, Party A shall in accordance with the relevant provisions of
the nation, province and city, provide Party B with medical period and medical treatment.

 

    	 	6	 

     

    

 

(三)乙方患职业病、因工负伤的,甲方按《职业病防治法》《工伤保险条例》等有关法律法规的规定执行。

 

If
Party B suffered from occupational disease, work-related injury, Party A shall in accordance with Law on Prevention and Control
of Occupational Disease and Regulations on Worker's Compensation Insurance and related laws and regulations to execute
activities.

 

(四)甲方为乙方提供以下福利待遇住房补贴、午餐补贴、交通

补贴、通讯补贴、生日慰问金_______________________

 

__________________________________________。

 

Party
A provides Party B with the following benefits, such as housing subsidies, lunch subsidies, transportation subsidies, communication
allowance and birthday consolation money.

 

六、劳动保护、劳动条件和职业危害防护

 

VI.
Labor protection, working conditions and occupational hazard protection

 

(一)甲方按国家和省、市有关劳动保护规定,提供符合国家安全卫生标准的劳动作业场所和必要的劳动防护用品,切实保护乙方在生产工作中的安全和健康。

 

Party
A provides labor workplaces conforming to the safety and health standards of the state and necessary labor protection articles
in accordance with the national and provincial, municipal regulations on labor protection to effectively protect Party B’s
safety and health in the production work.

 

(二)甲方按国家和省、市有关规定,做好女员工和未成年工的特殊劳动保护工作。

 

Party
A should do the special labor protection work well for the women employees and underage workers in accordance with the national
and provincial, municipal regulations.

 

    	 	7	 

     

    

 

(三)乙方从事
___/_____
作业,可能产生 ____/________
职业危害,甲方应采取
_/________________________________防护措施,并每年组织乙方健康检查
__/_____
次。

 

xx
work that Party B does may produce xx occupational hazard. Party A should take xx protection measures and organize
Party B to do health examination xx a year.

 

(四)乙方有权拒绝甲方的违章指挥,强令冒险作业;对甲方危害生命安全和身体健康的行为,乙方有权要求改正或向有关部门举报。

 

Party
B has the right to refuse Party A’s illegal command of compulsorily taking risky work; Party B has the right to request
amend or report to related departments for Party A’s action of damaging life safety and body health.

 

七、规章制度

 

VII.
Rules and Regulations

 

(一)甲方依法制定的规章制度,应当告知乙方。

 

Party
A shall inform Party B of the rules and regulations formulated according to the law.

 

(二)乙方应遵守国家和省、市有关法律法规和甲方依法制定的规章制度,按时完成工作任务,提高职业技能,遵守安全操作规程、劳动纪律和职业道德。

 

Party
B shall finish the work tasks on time, improve their vocational skills, observe the rules of safe operation, labor discipline
and professional ethics in accordance with the national and provincial, municipal laws and regulations and the rules and regulations
formulated by Party A according to the law.

 

    	 	8	 

     

    

 

(三)乙方自觉遵守国家和省、市计划生育的有关规定。

 

Party
B shall consciously abide by the national and provincial, municipal relevant provisions on the family planning.

 

八、合同变更

 

VIII.
Contract Change

 

甲乙双方经协商一致,可以变更合同。变更合同应采用书面形式。变更后的合同文本双方各执一份。

 

Party
A and Party B can change the contract through reaching a negotiated consensus. The changed contracts shall take the written form.
Each party holds one of the changed contracts.

 

九、合同解除和终止

 

IX.
Contract rescission and termination

 

(一)甲乙双方协商一致,可以解除合同。

 

The
contract could be rescinded after being negotiated and agreed by party A and Party B.

 

(二)乙方提前三十日以书面形式通知甲方,可以解除劳动合同;乙方使用期内提前三日通知甲方,可以解除劳动合同。

 

Party
B could inform Party A 30 days in advance in writing to rescind the labor contract. Within usage period, Party B could inform
party A 3 days in advance to rescind the labor contract.

 

(三)甲方有下列情形之一的,乙方可以通知甲方解除劳动合同:

 

Party
B could inform Party A to rescind the labor contract if party A has one of the following situations:

 

    	 	9	 

     

    

 

1、未按照劳动合同约定提供劳动保护或者劳动条件的;

 

Not
provide labor protection or labor conditions according to the stipulations of the contract;

 

2、未及时足额支付劳动报酬的;

 

Not
pay labor remuneration in full and on time;

 

3、未依法为乙方缴纳社会保险费的;

 

Not
pay social insurance for party B according to law;

 

4、甲方的规章制度违反法律、法规的规定,损害乙方权益的;

 

Have
rules and regulations that violate the provision of laws and statutes, hereby causing damage to party B’s rights and interests;

 

5、甲方以欺诈、胁迫的手段或者乘人之危,使乙方在违背真实意思的情况下订立或者变更本合同,致使劳动合同的;

 

Force
Party B to conclude or alter this contract against Party B’s true will by means of deception, coercion or exploitation of
his unfavorable position, resulting that the labor contract becomes invalid;

 

6、甲方免除自己法定责任、排除乙方权利,致劳动合同无效的;

 

The
labor contract is invalid because Party A exempts his statutory duties and excludes party B’s rights;

 

7、甲方违反法律、行政法规强制性规定,致使劳动合同无效的;

 

The
labor contract is invalid because party A breaks the mandatory provisions of laws and administrative laws and regulations;

 

    	 	10	 

     

    

 

8、法律、行政法规规定乙方可以解除劳动合同的其他情形。

 

Other
situations in which party B can rescind the labor contract according to the provisions of laws and administrative laws and regulations.

 

(四)甲方使用暴力、威胁或者非法限制人身自由的手段强迫乙方劳动的,或者甲方违章指挥、强令冒险作业及乙方人身安全的,乙方可以立即解除劳动合同,不需事先告知甲方。

 

Party
A forces party B to labor by the means of violence, threat or illegal restriction of personal freedom, or if Party A gives commands
against regulations and mandatory instructions which force party B to work in risks and endanger party B’s personal safety,
party B could rescind the labor contract immediately without informing party A in advance.

 

(五)乙方有下列情形之一的,甲方可以解除劳动合同:

 

Party
A shall rescind the labor contract if Party B has one of the following circumstances:

 

1、在试用期间被证明不符合录用条件的;

 

Proved
not to be in conformity with the conditions of employment during the probation period;

 

2、严重违反甲方的规章制度的;

 

Violate
Party A's rules and regulations seriously;

 

3、严重失职,营私舞弊,给甲方造成重大损害的;

 

Cause
significant damage to Party A due to its serious dereliction of duties and jobbery;

 

    	 	11	 

     

    

 

4、乙方同时与其他用人单位建立劳动关系,对完成本单位的工作任务造成严重影响,或者经甲方提出,拒不改正的;

 

Make
labor relations with other employer at the same time which causes significant influence on completing Party A’s work task,
or refuses to correct their errors that Party A has pointed out.

 

5、乙方以欺诈、胁迫的手段或者乘人之危,使甲方在违背真实意思的情况下订立或者变更本合同,致使劳动合同无效的;

 

Force
Party A to conclude or alter this contract against Party A’s true will by means of deception, coercion or exploitation of
his unfavorable position, resulting that the labor contract becomes invalid;

 

6、被依法追究刑事责任的。

 

Subject
to criminal liabilities according to law.

 

(六)有下列情形之一的,甲方提前三十日以书面形式通知乙方或者额外支付乙方一个月工资后,可以解除劳动合同:

 

In
any of the following circumstances, Party A shall rescind the contract either with 30 day’s notice in advance in writing
or after paying additional one month's wage to Party B:

 

1、乙方患病或者非因公负伤,在规定的医疗期满后不能从事原工作,也不能从事由甲方另行安排的工作的;

 

Party
B cannot continue work in his original position nor in other positions arranged by Party A even after regulated recovery period
due to illness or non-work injury.

 

2、乙方不能胜任工作,经过培训或者调整工作岗位,仍不能胜任工作的;

 

Party
B is not qualified for the work and remains so upon training or adjustment to his working post;

 

    	 	12	 

     

    

 

3、劳动合同订立时所依据的客观情况发生重大变化,使劳动合同无法履行,经甲乙双方协商,未能就变更劳动合同内容达成协议的。

 

The
objective conditions based on which the contract is signed are gone through significant change so that the contract cannot be
carried out, and both Parties could not reach any agreement in terms of modifying the labor contract after negotiation.

 

(七)有下列情形之一,甲方需要裁减人员二十人以上或者裁减不足二十人但占甲方职工总数百分之十以上的,甲方应提前三十日向工会或者全体职工说明情况,在听取工会或者职工的意见,并将裁减人员方案向劳动行政部门报告后,可以裁减人员:

 

Of
the following circumstances, Party A needs to cut workforce by 20 persons or more, or cut less than 20 but up 10 percent of the
total number of employees, before the cut-down Party A shall notify to the labor union or all employees the case thirty days in
advance, after hearing the views of the labor union or the employees and reporting to the labor administrative department the
staff reduction program:

 

1、依照企业破产法规定进行重整的;

 

Reforming
in accordance with the provisions of Enterprise Bankruptcy Law reforming;

 

2、生产经营发生严重困难的;

 

Having
serious difficulties in production and operation;

 

3、企业转产、重大技术革新或者经营方式调整,经变更劳动合同后,仍需裁减人员的;

 

Enterprise
switches, major technological innovation or business method revise, after amendment of employment contracts, it still needs to
reduce staff;

 

    	 	13	 

     

    

 

4、其他因劳动合同订立时所依据的客观经济情况发生重大变化,致使劳动合同无法履行的。

 

Other
significant change on objective economic conditions that the labor contract based, resulting the contract failed to perform.

 

(八)有下列情形之一的,劳动合同终止:

 

Of
the following circumstances, the labor contract shall be terminated:

 

1、劳动合同期满的;

 

Labor
contract expired;

 

2、乙方开始依法享受基本养老保险待遇的;

 

Party
B began to enjoy the basic old-age insurance benefits;

 

3、乙方死亡的,或者被人民法院宣告死亡或者宣告失踪的;

 

Party
B died or declared dead or missing by People's Court;

 

4、甲方被依法宣告破产的;

 

Party
has been declared bankrupt;

 

5、甲方被吊销营业执照、责令关闭、撤销或者甲方决定提前解散的;

 

Party
A’s business license revoked or ordered to close, cancel or Party A decided to dismiss early;

 

6、法律、行政法规规定的其他情形。

 

Other
situations that laws or administrative regulations allowed.

 

十、经济补偿

 

X Financial
Compensation

 

(一)符合下列情形之一的,甲方应当向乙方支付经济补偿:

 

Of
the following circumstances, Party A shall pay financial compensation to B:

 

    	 	14	 

     

    

 

1、甲方依据本合同第九条(一)项规定向乙方提出解除劳动合同并与乙方协商一致解除劳动合同的;

 

Party
A in accordance with Article 9 Item 1 proposes to terminate and negotiate with Party B together to terminate this Labor Contract.

 

2、乙方依据本合同第九条第(三)项、第(四)项规定解除劳动合同的;

 

Party
B in accordance with Article 9 Item3, 4 proposes to terminate this Labor Contract.

 

3、甲方依照本合同第九条第(六)项规定解除劳动合同的;

 

Party
A in accordance with Article 9 Item 6 terminates this Labor Contract.

 

4、甲方依照本合同第九条第(七)项规定解除劳动合同的;

 

Party
A in accordance with Article 9 Item 7 terminates this Labor Contract.

 

5、除甲方维持或者提高劳动合同约定条件续订劳动合同,乙方不同意续订的情形外,依据本合同第九条第(八)项第1目规定终止固定期限劳动合同的;

 

Except
the situation that Party B do not agree to renew the contract for Party A sustain or increase the agreed term to renew the contract,
in accordance with Article 9 Item 8 (1) to terminate fixed-term labor contract.

 

6、依据本合同第九条第(八)项第4目、第5目规定终止劳动合同的;

 

In
accordance with Article 9 Item 8 (4) , (5) to terminate the labor contract.

 

7、法律、行政法规规定的其他情形。

 

Other
situations stipulated by laws, administrative laws and regulations.

 

    	 	15	 

     

    

 

(二)甲乙双方解除或终止本合同的,经济补偿的发放标准应按《劳动合同法》和国家和省市有关规定执行。甲方依法应向乙方支付经济补偿的,应在乙方办结工作交接时支付。

 

The
two parties cancel or terminate this contract, the distribution standard of economic compensation shall carry out in accordance
of Labor Contract Law and relevant provisions of the nation, province and city. The economic compensation shall legally
paid by Party A to Party B, should be paid when Party B handover its work.

 

十一、合同解除和终止手续

 

XI
Termination ofthe contract and termination procedures 

 

甲乙双方解除和终止本合同的,乙方应按双方约定,办理工作交接等手续。甲方应依法向乙方出具书面证明,并在十五日内为乙方办理档案和社会保险关系转移手续。

 

Any
termination of this contract occurred between two Parties, Party B shall hand over the matters related to his work as agreed upon
by both parties. Party A shall issue a written confirmation to Party B pursuant to the laws, and shall handle the formalities
for the transfer of files and social insurance relations within fifteen days.

 

十二、争议处理

 

XII
Treatment of disputes

 

甲乙双方发生劳动争议的,应先协商解决,协商不成的,可以向本单位工会寻求解决或向本单位劳动调解争议委员会申请调解;也可以直接向劳动争议仲裁委员会申请仲裁。对仲裁裁决无异议的,双方必须履行;对仲裁裁决不服的,可以向人民法院起诉。

 

Any
labor dispute occurred, two parties should first negotiated settlement, if no agreement is reached through consultation, then
could go to the enterprise trade union for solutions or to labor dispute mediation committee for mediation; two parties could
also directly apply to the labor dispute arbitration committee for arbitration. Without objection to the arbitration award, the
two parties must perform; if any party is not satisfied with the arbitration award, he may prosecute to the people's court.

 

    	 	16	 

     

    

 

十三、双方认为需要约定的其他事项:

 

XIII
Other matters that are necessary to be agreed upon by both Parties, including :

 

1.  
严格遵守《公司保密协议》及公司各项规章制度。

Be
strictly abide by the Confidentiality Agreement of the Company and rules and regulations of the company

 

2.  
《公司保密协议》和公司各项规章制度具有同等效力

Confidentiality
Agreement of the Company and rules and regulations of the company are with the same legal effect. 

 

_________________________________________________________________________________________ 

 

_________________________________________________________________________________________

 

_________________________________________________________________________________________

 

_________________________________________________________________________________________

 

_________________________________________________________________________________________

 

十四、其他

 

XIV
Miscellaneous

 

		(一)	本合同未尽事宜或合同条款与现行法律法规规定有抵触的,按现行法律法规执行。

Any
conflict occurred between contract matters not mentioned herein or contract terms and the existing laws and regulations, the current
laws and regulations are preferred.

 

		(二)	本合同至甲乙双方签字盖章之日起生效,涂改或未经书面授权代签无效。

This
contract shall come into effect since the date on which two Parties’ signature and seal, if altered or signed without written
authorization, the contract shall be invalid.

 

    	 	17	 

     

    

 

(此页为签字页,无正文)

 

(This
page is left blank for signature)

 

	 	甲方:(盖章)深圳市网合科技股份有限公司

                                                                                                  

        Party
        A:(seal) Shenzhen Wonhe Technology Co., Ltd.
	乙方:(签名)童清

                                                                                                  

        Party
        B:(signature) Qing Tong

	 	 	 
	 	2016年
                                         10月31日

                                                                                      

        October
        31 ,2016
	2016年
                                         10月31日

                                                                                      

        October
        31,2016

 

 

 

18NEITHER
THIS SECURITY NOR THE SECURITIES FOR WHICH THIS SECURITY IS EXERCISABLE HAVE 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. THIS SECURITY AND
THE SECURITIES ISSUABLE UPON EXERCISE OF THIS SECURITY MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN
SECURED BY SUCH SECURITIES.

 

COMMON
STOCK PURCHASE WARRANT

 

AKERS
BIOSCIENCES, INC.

 

	Warrant
    Shares: _______	Issue
    Date: March_____, 2017

 

THIS
COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, _____________ or its assigns
(the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter
set forth, at any time on or after the six-month anniversary of the Closing Date (the “Initial Exercise Date”)
and on or prior to the close of business on the five-year anniversary of the Initial Exercise Date (the “Termination
Date”) but not thereafter, to subscribe for and purchase from Akers Biosciences, Inc., a New Jersey corporation (the
“Company”), up to ______ shares (as subject to adjustment hereunder, the “Warrant Shares”)
of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined
in Section 2(b).

 

Section
1. Definitions. Capitalized terms used and not otherwise defined herein shall have the meanings set forth in that certain
Securities Purchase Agreement (the “Purchase Agreement”), dated March, 30, 2017 among the Company and
the purchasers signatory thereto.

 

Section
2. Exercise.

 

a) Exercise
of Warrant. Exercise of the purchase rights represented by this Warrant may be made, in whole or in part, at any time or times
on or after the Initial Exercise Date and on or before the Termination Date by delivery to the Company of a duly executed facsimile
copy or PDF copy submitted by electronic (or e-mail attachment) of the Notice of Exercise in the form annexed hereto (“Notice
of Exercise”). Within the earlier of (i) three (3) Trading Days and (ii) the number of Trading Days comprising the Standard
Settlement Period (as defined in Section 2(d)(i) herein) following the date of exercise as aforesaid, the Holder shall deliver
the aggregate Exercise Price for the shares specified in the applicable Notice of Exercise by wire transfer or cashier’s
check drawn on a United States bank unless the cashless exercise procedure specified in Section 2(c) below is specified in the
applicable Notice of Exercise. No ink-original Notice of Exercise shall be required, nor shall any medallion guarantee (or other
type of guarantee or notarization) of any Notice of Exercise form be required. Notwithstanding anything herein to the contrary,
the Holder shall not be required to physically surrender this Warrant to the Company until the Holder has purchased all of the
Warrant Shares available hereunder and the Warrant has been exercised in full, in which case, the Holder shall surrender this
Warrant to the Company for cancellation within three (3) Trading Days of the date the final Notice of Exercise is delivered to
the Company. Partial exercises of this Warrant resulting in purchases of a portion of the total number of Warrant Shares available
hereunder shall have the effect of lowering the outstanding number of Warrant Shares purchasable hereunder in an amount equal
to the applicable number of Warrant Shares purchased. The Holder and the Company shall maintain records showing the number of
Warrant Shares purchased and the date of such purchases. The Company shall deliver any objection to any Notice of Exercise within
one (1) Business Day of receipt of such notice. The Holder and any assignee, by acceptance of this Warrant, acknowledge and
agree that, by reason of the provisions of this paragraph, following the purchase of a portion of the Warrant Shares hereunder,
the number of Warrant Shares available for purchase hereunder at any given time may be less than the amount stated on the face
hereof.

 

    	 	 	 

    	 		 

    

 

b) Exercise
Price. The exercise price per share of the Common Stock under this Warrant shall be $1.96, subject to adjustment hereunder
(the “Exercise Price”).

 

c) Cashless
Exercise. If at any time after the six-month anniversary of the Closing Date, there is no effective Registration Statement
registering, or no current prospectus available for, the resale of the Warrant Shares by the Holder, then this Warrant may also
be exercised, in whole or in part, at such time by means of a “cashless exercise” in which the Holder shall be entitled
to receive a number of Warrant Shares equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

	 	(A)
=	as
applicable: (i) the VWAP on the Trading Day immediately preceding the date of the applicable Notice of Exercise if such Notice
of Exercise is (1) both executed and delivered pursuant to Section 2(a) hereof on a day that is not a Trading Day or (2) both
executed and delivered pursuant to Section 2(a) hereof on a Trading Day prior to the opening of “regular trading hours”
(as defined in Rule 600(b)(64) of Regulation NMS promulgated under the federal securities laws) on such Trading Day, (ii) the
Bid Price of the Common Stock on the principal Trading Market as reported by Bloomberg L.P. as of the time of the Holder’s
execution of the applicable Notice of Exercise if such Notice of Exercise is executed during “regular trading hours”
on a Trading Day and is delivered within two (2) hours thereafter pursuant to Section 2(a) hereof or (iii) the VWAP on the date
of the applicable Notice of Exercise if the date of such Notice of Exercise is a Trading Day and such Notice of Exercise is both
executed and delivered pursuant to Section 1(a) hereof after the close of “regular trading hours” on such Trading
Day;

 

    	 	 2	 

    	 		 

    

 

	 	(B)
    = 	the
    Exercise Price of this Warrant, as adjusted hereunder; and 
	 	 	 
	 	(X)
    =	the
number of Warrant Shares that would be issuable upon exercise of this Warrant in accordance with the terms of this Warrant if
such exercise were by means of a cash exercise rather than a cashless exercise.

 

If
Warrant Shares are issued in such a cashless exercise, the parties acknowledge and agree that in accordance with Section 3(a)(9)
of the Securities Act, the Warrant Shares shall take on the characteristics of the Warrants being exercised, and the holding period
of the Warrant Shares being issued may be tacked on to the holding period of this Warrant. The Company agrees not to take any
position contrary to this Section 2(c).

 

“Bid
Price” means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common
Stock is then listed or quoted on a Trading Market, the bid price of the Common Stock for the time in question (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX
as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common
Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d)
in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good
faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company,
the fees and expenses of which shall be paid by the Company.

 

“VWAP”
means, for any date, the price determined by the first of the following clauses that applies: (a) if the Common Stock is then
listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the nearest
preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading
Market, the volume weighted average price of the Common Stock for such date (or the nearest preceding date) on OTCQB or OTCQX
as applicable, (c) if the Common Stock is not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Common
Stock are then reported in the “Pink Sheets” published by OTC Markets Group, Inc. (or a similar organization or agency
succeeding to its functions of reporting prices), the most recent bid price per share of the Common Stock so reported, or (d)
in all other cases, the fair market value of a share of Common Stock as determined by an independent appraiser selected in good
faith by the Purchasers of a majority in interest of the Securities then outstanding and reasonably acceptable to the Company,
the fees and expenses of which shall be paid by the Company.

 

    	 	 3	 

    	 		 

    

 

Notwithstanding
anything herein to the contrary, on the Termination Date, this Warrant shall be automatically exercised via cashless exercise
pursuant to this Section 2(c).

 

 d) Mechanics of Exercise.

 

i. Delivery
of Warrant Shares Upon Exercise. Warrant Shares purchased hereunder shall be transmitted by the Transfer Agent to the Holder
by crediting the account of the Holder’s or its designee’s balance account with The Depository Trust Company through
its Deposit or Withdrawal at Custodian system (“DWAC”) if the Company is then a participant in such system
and either (A) there is an effective registration statement permitting the issuance of the Warrant Shares to or resale of the
Warrant Shares by the Holder or (B) the Warrant Shares are eligible for resale by the Holder without volume or manner-of-sale
limitations pursuant to Rule 144, and otherwise by physical delivery of a certificate, registered in the Company’s share
register in the name of the Holder or its designee, for the number of Warrant Shares to which the Holder is entitled pursuant
to such exercise to the address specified by the Holder in the Notice of Exercise by the date that is the earlier of (i) the earlier
of (A) three (3) Trading Days after the delivery to the Company of the Notice of Exercise and (B) one (1) Trading Day after delivery
of the aggregate Exercise Price to the Company and (ii) the number of Trading Days comprising the Standard Settlement Period after
the delivery to the Company of the Notice of Exercise (such date, the “Warrant Share Delivery Date”). Upon
delivery of the Notice of Exercise, the Holder shall be deemed for all corporate purposes to have become the holder of record
of the Warrant Shares with respect to which this Warrant has been exercised, irrespective of the date of delivery of the Warrant
Shares, provided that payment of the aggregate Exercise Price (other than in the case of a cashless exercise) is received within
the earlier of (i) three Trading Days and (ii) the number of Trading Days comprising the Standard Settlement Period following
delivery of the Notice of Exercise. If the Company fails for any reason to deliver to the Holder the Warrant Shares subject to
a Notice of Exercise by the Warrant Share Delivery Date, the Company shall pay to the Holder, in cash, as liquidated damages and
not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based on the VWAP of the Common Stock on the date
of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading Day on the fifth Trading Day after such
liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date until such Warrant Shares are
delivered or Holder rescinds such exercise. The Company agrees to maintain a transfer agent that is a participant in the FAST
program so long as this Warrant remains outstanding and exercisable. As used herein, “Standard Settlement Period”
means the standard settlement period, expressed in a number of Trading Days, on the Company’s primary Trading Market with
respect to the Common Stock as in effect on the date of delivery of the Notice of Exercise.

 

    	 	 4	 

    	 		 

    

 

ii. Delivery
of New Warrants Upon Exercise. If this Warrant shall have been exercised in part, the Company shall, at the request of a Holder
and upon surrender of this Warrant certificate, at the time of delivery of the Warrant Shares, deliver to the Holder a new Warrant
evidencing the rights of the Holder to purchase the unpurchased Warrant Shares called for by this Warrant, which new Warrant shall
in all other respects be identical with this Warrant.

 

iii. Rescission
Rights. If the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares pursuant to Section
2(d)(i) by the Warrant Share Delivery Date, then the Holder will have the right to rescind such exercise.

 

iv. Compensation
for Buy-In on Failure to Timely Deliver Warrant Shares Upon Exercise. In addition to any other rights available to the Holder,
if the Company fails to cause the Transfer Agent to transmit to the Holder the Warrant Shares in accordance with the provisions
of Section 2(d)(i) above pursuant to an exercise on or before the Warrant Share Delivery Date, and if after such date the Holder
is required by its broker to purchase (in an open market transaction or otherwise) or the Holder’s brokerage firm otherwise
purchases, shares of Common Stock to deliver in satisfaction of a sale by the Holder of the Warrant Shares which the Holder anticipated
receiving upon such exercise (a “Buy-In”), then the Company shall (A) pay in cash to the Holder the amount,
if any, by which (x) the Holder’s total purchase price (including brokerage commissions, if any) for the shares of Common
Stock so purchased exceeds (y) the amount obtained by multiplying (1) the number of Warrant Shares that the Company was required
to deliver to the Holder in connection with the exercise at issue times (2) the price at which the sell order giving rise to such
purchase obligation was executed, and (B) at the option of the Holder, either reinstate the portion of the Warrant and equivalent
number of Warrant Shares for which such exercise was not honored (in which case such exercise shall be deemed rescinded) or deliver
to the Holder the number of shares of Common Stock that would have been issued had the Company timely complied with its exercise
and delivery obligations hereunder. For example, if the Holder purchases Common Stock having a total purchase price of $11,000
to cover a Buy-In with respect to an attempted exercise of shares of Common Stock with an aggregate sale price giving rise to
such purchase obligation of $10,000, under clause (A) of the immediately preceding sentence the Company shall be required to pay
the Holder $1,000. The Holder shall provide the Company written notice indicating the amounts payable to the Holder in respect
of the Buy-In and, upon request of the Company, evidence of the amount of such loss. Nothing herein shall limit a Holder’s
right to pursue any other remedies available to it hereunder, at law or in equity including, without limitation, a decree of specific
performance and/or injunctive relief with respect to the Company’s failure to timely deliver shares of Common Stock upon
exercise of the Warrant as required pursuant to the terms hereof.

 

    	 	 5	 

    	 		 

    

 

v. No
Fractional Shares or Scrip. No fractional shares or scrip representing fractional shares shall be issued upon the exercise
of this Warrant. As to any fraction of a share which the Holder would otherwise be entitled to purchase upon such exercise, the
Company shall, at its election, either pay a cash adjustment in respect of such final fraction in an amount equal to such fraction
multiplied by the Exercise Price or round up to the next whole share.

 

vi. Charges,
Taxes and Expenses. Issuance of Warrant Shares shall be made without charge to the Holder for any issue or transfer tax or
other incidental expense in respect of the issuance of such Warrant Shares, all of which taxes and expenses shall be paid by the
Company, and such Warrant Shares shall be issued in the name of the Holder or in such name or names as may be directed by the
Holder; provided, however, that in the event that Warrant Shares are to be issued in a name other than the name
of the Holder, this Warrant when surrendered for exercise shall be accompanied by the Assignment Form attached hereto duly executed
by the Holder and the Company may require, as a condition thereto, the payment of a sum sufficient to reimburse it for any transfer
tax incidental thereto. The Company shall pay all Transfer Agent fees required for same-day processing of any Notice of Exercise
and all fees to the Depository Trust Company (or another established clearing corporation performing similar functions) required
for same-day electronic delivery of the Warrant Shares.

 

vii. Closing
of Books. The Company will not close its stockholder books or records in any manner which prevents the timely exercise of
this Warrant, pursuant to the terms hereof.

 

e) Holder’s
Exercise Limitations. The Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to
exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such issuance
after exercise as set forth on the applicable Notice of Exercise, the Holder (together with the Holder’s Affiliates, and
any other Persons acting as a group together with the Holder or any of the Holder’s Affiliates (such Persons, “Attribution
Parties”)), would beneficially own in excess of the Beneficial Ownership Limitation (as defined below). For purposes
of the foregoing sentence, the number of shares of Common Stock beneficially owned by the Holder and its Affiliates and Attribution
Parties shall include the number of shares of Common Stock issuable upon exercise of this Warrant with respect to which such determination
is being made, but shall exclude the number of shares of Common Stock which would be issuable upon (i) exercise of the remaining,
nonexercised portion of this Warrant beneficially owned by the Holder or any of its Affiliates or Attribution Parties and (ii)
exercise or conversion of the unexercised or nonconverted portion of any other securities of the Company (including, without limitation,
any other Common Stock Equivalents) subject to a limitation on conversion or exercise analogous to the limitation contained herein
beneficially owned by the Holder or any of its Affiliates or Attribution Parties. Except as set forth in the preceding sentence,
for purposes of this Section 2(e), beneficial ownership shall be calculated in accordance with Section 13(d) of the Exchange Act
and the rules and regulations promulgated thereunder, it being acknowledged by the Holder that the Company is not representing
to the Holder that such calculation is in compliance with Section 13(d) of the Exchange Act and the Holder is solely responsible
for any schedules required to be filed in accordance therewith. To the extent that the limitation contained in this Section 2(e)
applies, the determination of whether this Warrant is exercisable (in relation to other securities owned by the Holder together
with any Affiliates and Attribution Parties) and of which portion of this Warrant is exercisable shall be in the sole discretion
of the Holder, and the submission of a Notice of Exercise shall be deemed to be the Holder’s determination of whether this
Warrant is exercisable (in relation to other securities owned by the Holder together with any Affiliates and Attribution Parties)
and of which portion of this Warrant is exercisable, in each case subject to the Beneficial Ownership Limitation, and the Company
shall have no obligation to verify or confirm the accuracy of such determination. In addition, a determination as to any group
status as contemplated above shall be determined in accordance with Section 13(d) of the Exchange Act and the rules and regulations
promulgated thereunder. For purposes of this Section 2(e), in determining the number of outstanding shares of Common Stock, a
Holder may rely on the number of outstanding shares of Common Stock as reflected in (A) the Company’s most recent periodic
or annual report filed with the Commission, as the case may be, (B) a more recent public announcement by the Company or (C) a
more recent written notice by the Company or the Transfer Agent setting forth the number of shares of Common Stock outstanding.
Upon the written or oral request of a Holder, the Company shall within two Trading Days confirm orally and in writing to the Holder
the number of shares of Common Stock then outstanding. In any case, the number of outstanding shares of Common Stock shall be
determined after giving effect to the conversion or exercise of securities of the Company, including this Warrant, by the Holder
or its Affiliates or Attribution Parties since the date as of which such number of outstanding shares of Common Stock was reported.
The “Beneficial Ownership Limitation” shall be 4.99% of the number of shares of the Common Stock outstanding
immediately after giving effect to the issuance of shares of Common Stock issuable upon exercise of this Warrant. The Holder,
upon notice to the Company, may increase or decrease the Beneficial Ownership Limitation provisions of this Section 2(e), provided
that the Beneficial Ownership Limitation in no event exceeds 9.99% of the number of shares of the Common Stock outstanding immediately
after giving effect to the issuance of shares of Common Stock upon exercise of this Warrant held by the Holder and the provisions
of this Section 2(e) shall continue to apply. Any increase in the Beneficial Ownership Limitation will not be effective until
the 61st day after such notice is delivered to the Company. The provisions of this paragraph shall be construed and
implemented in a manner otherwise than in strict conformity with the terms of this Section 2(e) to correct this paragraph (or
any portion hereof) which may be defective or inconsistent with the intended Beneficial Ownership Limitation herein contained
or to make changes or supplements necessary or desirable to properly give effect to such limitation. The limitations contained
in this paragraph shall apply to a successor holder of this Warrant.

 

    	 	 6	 

    	 		 

    

 

Section
3. Certain Adjustments.

 

a) Stock
Dividends and Splits. If the Company, at any time while this Warrant is outstanding: (i) pays a stock dividend or otherwise
makes a distribution or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable
in shares of Common Stock (which, for avoidance of doubt, shall not include any shares of Common Stock issued by the Company upon
exercise of this Warrant), (ii) subdivides outstanding shares of Common Stock into a larger number of shares, (iii) combines (including
by way of reverse stock split) outstanding shares of Common Stock into a smaller number of shares or (iv) issues by reclassification
of shares of the Common Stock any shares of capital stock of the Company, then in each case the Exercise Price shall be multiplied
by a fraction of which the numerator shall be the number of shares of Common Stock (excluding treasury shares, if any) outstanding
immediately before such event and of which the denominator shall be the number of shares of Common Stock outstanding immediately
after such event, and the number of shares issuable upon exercise of this Warrant shall be proportionately adjusted such that
the aggregate Exercise Price of this Warrant shall remain unchanged. Any adjustment made pursuant to this Section 3(a) shall become
effective immediately after the record date for the determination of stockholders entitled to receive such dividend or distribution
and shall become effective immediately after the effective date in the case of a subdivision, combination or re-classification.

 

b) [RESERVED]

 

c) Subsequent
Rights Offerings. In addition to any adjustments pursuant to Section 3(a) above, if at any time the Company grants, issues
or sells any Common Stock Equivalents or rights to purchase stock, warrants, securities or other property pro rata to the record
holders of any class of shares of Common Stock (the “Purchase Rights”), then the Holder will be entitled to
acquire, upon the terms applicable to such Purchase Rights, the aggregate Purchase Rights which the Holder could have acquired
if the Holder had held the number of shares of Common Stock acquirable upon complete exercise of this Warrant (without regard
to any limitations on exercise hereof, including without limitation, the Beneficial Ownership Limitation) immediately before the
date on which a record is taken for the grant, issuance or sale of such Purchase Rights, or, if no such record is taken, the date
as of which the record holders of shares of Common Stock are to be determined for the grant, issue or sale of such Purchase Rights
(provided, however, to the extent that the Holder’s right to participate in any such Purchase Right would result in the
Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to participate in such Purchase Right
to such extent (or beneficial ownership of such shares of Common Stock as a result of such Purchase Right to such extent) and
such Purchase Right to such extent shall be held in abeyance for the Holder until such time, if ever, as its right thereto would
not result in the Holder exceeding the Beneficial Ownership Limitation).

 

    	 	 7	 

    	 		 

    

 

d) Pro
Rata Distributions. During such time as this Warrant is outstanding, if the Company shall declare or make any dividend or
other distribution of its assets (or rights to acquire its assets) to holders of shares of Common Stock, by way of return of capital
or otherwise (including, without limitation, any distribution of cash, stock or other securities, property or options by way of
a dividend, spin off, reclassification, corporate rearrangement, scheme of arrangement or other similar transaction) (a “Distribution”),
at any time after the issuance of this Warrant, then, in each such case, the Holder shall be entitled to participate in such Distribution
to the same extent that the Holder would have participated therein if the Holder had held the number of shares of Common Stock
acquirable upon complete exercise of this Warrant (without regard to any limitations on exercise hereof, including without limitation,
the Beneficial Ownership Limitation) immediately before the date of which a record is taken for such Distribution, or, if no such
record is taken, the date as of which the record holders of shares of Common Stock are to be determined for the participation
in such Distribution (provided, however, to the extent that the Holder’s right to participate in any such
Distribution would result in the Holder exceeding the Beneficial Ownership Limitation, then the Holder shall not be entitled to
participate in such Distribution to such extent (or in the beneficial ownership of any shares of Common Stock as a result of such
Distribution to such extent) and the portion of such Distribution shall be held in abeyance for the benefit of the Holder until
such time, if ever, as its right thereto would not result in the Holder exceeding the Beneficial Ownership Limitation). To the
extent that this Warrant has not been partially or completely exercised at the time of such Distribution, such portion of the
Distribution shall be held in abeyance for the benefit of the Holder until the Holder has exercised this Warrant.

 

    	 	 8	 

    	 		 

    

 

e) Fundamental
Transaction. If, at any time while this Warrant is outstanding, (i) the Company, directly or indirectly, in one or more related
transactions effects any merger or consolidation of the Company with or into another Person, (ii) the Company, directly or indirectly,
effects any sale, lease, license, assignment, transfer, conveyance or other disposition of all or substantially all of its assets
in one or a series of related transactions, (iii) any, direct or indirect, purchase offer, tender offer or exchange offer (whether
by the Company or another Person) is completed pursuant to which holders of Common Stock are permitted to sell, tender or exchange
their shares for other securities, cash or property and has been accepted by the holders of 50% or more of the outstanding Common
Stock, (iv) the Company, directly or indirectly, in one or more related transactions effects any reclassification, reorganization
or recapitalization of the Common Stock or any compulsory share exchange pursuant to which the Common Stock is effectively converted
into or exchanged for other securities, cash or property, or (v) the Company, directly or indirectly, in one or more related transactions
consummates a stock or share purchase agreement or other business combination (including, without limitation, a reorganization,
recapitalization, spin-off or scheme of arrangement) with another Person or group of Persons whereby such other Person or group
acquires more than 50% of the outstanding shares of Common Stock (not including any shares of Common Stock held by the other Person
or other Persons making or party to, or associated or affiliated with the other Persons making or party to, such stock or share
purchase agreement or other business combination) (each a “Fundamental Transaction”), then, upon any subsequent
exercise of this Warrant, the Holder shall have the right to receive, for each Warrant Share that would have been issuable upon
such exercise immediately prior to the occurrence of such Fundamental Transaction, at the option of the Holder (without regard
to any limitation in Section 2(e) on the exercise of this Warrant), the number of shares of Common Stock of the successor or acquiring
corporation or of the Company, if it is the surviving corporation, and any additional consideration (the “Alternate Consideration”)
receivable as a result of such Fundamental Transaction by a holder of the number of shares of Common Stock for which this Warrant
is exercisable immediately prior to such Fundamental Transaction (without regard to any limitation in Section 2(e) on the exercise
of this Warrant). For purposes of any such exercise, the determination of the Exercise Price shall be appropriately adjusted to
apply to such Alternate Consideration based on the amount of Alternate Consideration issuable in respect of one share of Common
Stock in such Fundamental Transaction, and the Company shall apportion the Exercise Price among the Alternate Consideration in
a reasonable manner reflecting the relative value of any different components of the Alternate Consideration. If holders of Common
Stock are given any choice as to the securities, cash or property to be received in a Fundamental Transaction, then the Holder
shall be given the same choice as to the Alternate Consideration it receives upon any exercise of this Warrant following such
Fundamental Transaction. Notwithstanding anything to the contrary, in the event of a Fundamental Transaction, the Company or any
Successor Entity (as defined below) shall, at the Holder’s option, exercisable at any time concurrently with, or within
30 days after, the consummation of the Fundamental Transaction (or, if later, the public announcement of the Fundamental Transaction),
purchase this Warrant from the Holder by paying to the Holder an amount of cash equal to the Black Scholes Value of the remaining
unexercised portion of this Warrant on the date of the consummation of such Fundamental Transaction. “Black Scholes Value”
means the value of this Warrant based on the Black and Scholes Option Pricing Model obtained from the “OV” function
on Bloomberg, L.P. (“Bloomberg”) determined as of the day of consummation of the applicable Fundamental Transaction
for pricing purposes and reflecting (A) a risk-free interest rate corresponding to the U.S. Treasury rate for a period equal to
the time between the date of the public announcement of the applicable Fundamental Transaction and the Termination Date, (B) an
expected volatility equal to the greater of 100% and the 100 day volatility obtained from the HVT function on Bloomberg as of
the Trading Day immediately following the public announcement of the applicable Fundamental Transaction, (C) the underlying price
per share used in such calculation shall be the sum of the price per share being offered in cash, if any, plus the value of any
non-cash consideration, if any, being offered in such Fundamental Transaction and (D) a remaining option time equal to the time
between the date of the public announcement of the applicable Fundamental Transaction and the Termination Date. The payment of
the Black Scholes Value will be made by wire transfer of immediately available funds within five Business Days of the Holder’s
election (or, if later, on the effective date of the Fundamental Transaction). The Company shall cause any successor entity in
a Fundamental Transaction in which the Company is not the survivor (the “Successor Entity”) to assume in writing
all of the obligations of the Company under this Warrant and the other Transaction Documents in accordance with the provisions
of this Section 3(e) pursuant to written agreements in form and substance reasonably satisfactory to the Holder and approved by
the Holder (without unreasonable delay) prior to such Fundamental Transaction and shall, at the option of the Holder, deliver
to the Holder in exchange for this Warrant a security of the Successor Entity evidenced by a written instrument substantially
similar in form and substance to this Warrant which is exercisable for a corresponding number of shares of capital stock of such
Successor Entity (or its parent entity) equivalent to the shares of Common Stock acquirable and receivable upon exercise of this
Warrant (without regard to any limitations on the exercise of this Warrant) prior to such Fundamental Transaction, and with an
exercise price which applies the exercise price hereunder to such shares of capital stock (but taking into account the relative
value of the shares of Common Stock pursuant to such Fundamental Transaction and the value of such shares of capital stock, such
number of shares of capital stock and such exercise price being for the purpose of protecting the economic value of this Warrant
immediately prior to the consummation of such Fundamental Transaction), and which is reasonably satisfactory in form and substance
to the Holder. Upon the occurrence of any such Fundamental Transaction, the Successor Entity shall succeed to, and be substituted
for (so that from and after the date of such Fundamental Transaction, the provisions of this Warrant and the other Transaction
Documents referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and
power of the Company and shall assume all of the obligations of the Company under this Warrant and the other Transaction Documents
with the same effect as if such Successor Entity had been named as the Company herein.

 

    	 	 9	 

    	 		 

    

 

f) Calculations.
All calculations under this Section 3 shall be made to the nearest cent or the nearest 1/100th of a share, as the case may be.
For purposes of this Section 3, the number of shares of Common Stock deemed to be issued and outstanding as of a given date shall
be the sum of the number of shares of Common Stock (excluding treasury shares, if any) issued and outstanding.

 

g) Notice
to Holder.

 

i. Adjustment
to Exercise Price. Whenever the Exercise Price is adjusted pursuant to any provision of this Section 3, the Company shall
promptly deliver to the Holder by facsimile or email a notice setting forth the Exercise Price after such adjustment and any resulting
adjustment to the number of Warrant Shares and setting forth a brief statement of the facts requiring such adjustment.

 

    	 	 10	 

    	 		 

    

 

ii. Notice
to Allow Exercise by Holder. If (A) the Company shall declare a dividend (or any other distribution in whatever form) on the
Common Stock, (B) the Company shall declare a special nonrecurring cash dividend on or a redemption of the Common Stock, (C) the
Company shall authorize the granting to all holders of the Common Stock rights or warrants to subscribe for or purchase any shares
of capital stock of any class or of any rights, (D) the approval of any stockholders of the Company shall be required in connection
with any reclassification of the Common Stock, any consolidation or merger to which the Company is a party, any sale or transfer
of all or substantially all of the assets of the Company, or any compulsory share exchange whereby the Common Stock is converted
into other securities, cash or property, or (E) the Company shall authorize the voluntary or involuntary dissolution, liquidation
or winding up of the affairs of the Company, then, in each case, the Company shall cause to be delivered by facsimile or email
to the Holder at its last facsimile number or email address as it shall appear upon the Warrant Register of the Company, at least
20 calendar days prior to the applicable record or effective date hereinafter specified, a notice stating (x) the date on which
a record is to be taken for the purpose of such dividend, distribution, redemption, rights or warrants, or if a record is not
to be taken, the date as of which the holders of the Common Stock of record to be entitled to such dividend, distributions, redemption,
rights or warrants are to be determined or (y) the date on which such reclassification, consolidation, merger, sale, transfer
or share exchange is expected to become effective or close, and the date as of which it is expected that holders of the Common
Stock of record shall be entitled to exchange their shares of the Common Stock for securities, cash or other property deliverable
upon such reclassification, consolidation, merger, sale, transfer or share exchange; provided that the failure to deliver such
notice or any defect therein or in the delivery thereof shall not affect the validity of the corporate action required to be specified
in such notice. To the extent that any notice provided in this Warrant constitutes, or contains, material, non-public information
regarding the Company or any of the Subsidiaries, the Company shall simultaneously file such notice with the Commission pursuant
to a Current Report on Form 8-K. The Holder shall remain entitled to exercise this Warrant during the period commencing on the
date of such notice to the effective date of the event triggering such notice except as may otherwise be expressly set forth herein.

 

Section
4. Transfer of Warrant.

 

a) Transferability.
Subject to compliance with any applicable securities laws and the conditions set forth in Section 4(d) hereof and to the provisions
of Section 4.1 of the Purchase Agreement, this Warrant and all rights hereunder (including, without limitation, any registration
rights) are transferable, in whole or in part, upon surrender of this Warrant at the principal office of the Company or its designated
agent, together with a written assignment of this Warrant substantially in the form attached hereto duly executed by the Holder
or its agent or attorney and funds sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender
and, if required, such payment, the Company shall execute and deliver a new Warrant or Warrants in the name of the assignee or
assignees, as applicable, and in the denomination or denominations specified in such instrument of assignment, and shall issue
to the assignor a new Warrant evidencing the portion of this Warrant not so assigned, and this Warrant shall promptly be cancelled.
Notwithstanding anything herein to the contrary, the Holder shall not be required to physically surrender this Warrant to the
Company unless the Holder has assigned this Warrant in full, in which case, the Holder shall surrender this Warrant to the Company
within three (3) Trading Days of the date the Holder delivers an assignment form to the Company assigning this Warrant full. The
Warrant, if properly assigned in accordance herewith, may be exercised by a new holder for the purchase of Warrant Shares without
having a new Warrant issued.

 

    	 	 11	 

    	 		 

    

 

b) New
Warrants. This Warrant may be divided or combined with other Warrants upon presentation hereof at the aforesaid office of
the Company, together with a written notice specifying the names and denominations in which new Warrants are to be issued, signed
by the Holder or its agent or attorney. Subject to compliance with Section 4(a), as to any transfer which may be involved in such
division or combination, the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants
to be divided or combined in accordance with such notice. All Warrants issued on transfers or exchanges shall be dated the Issue
Date and shall be identical with this Warrant except as to the number of Warrant Shares issuable pursuant thereto.

 

c) Warrant
Register. The Company shall register this Warrant, upon records to be maintained by the Company for that purpose (the “Warrant
Register”), in the name of the record Holder hereof from time to time. The Company may deem and treat the registered
Holder of this Warrant as the absolute owner hereof for the purpose of any exercise hereof or any distribution to the Holder,
and for all other purposes, absent actual notice to the contrary.

 

d) Transfer
Restrictions. If, at the time of the surrender of this Warrant in connection with any transfer of this Warrant, the transfer
of this Warrant shall not be either (i) registered pursuant to an effective registration statement under the Securities Act and
under applicable state securities or blue sky laws or (ii) eligible for resale without volume or manner-of-sale restrictions or
current public information requirements pursuant to Rule 144, the Company may require, as a condition of allowing such transfer,
that the Holder or transferee of this Warrant, as the case may be, comply with the provisions of Section 5.7 of the Purchase Agreement.

 

e) Representation
by the Holder. The Holder, by the acceptance hereof, represents and warrants that it is acquiring this Warrant and, upon any
exercise hereof, will acquire the Warrant Shares issuable upon such exercise, for its own account and not with a view to or for
distributing or reselling such Warrant Shares or any part thereof in violation of the Securities Act or any applicable state securities
law, except pursuant to sales registered or exempted under the Securities Act.

 

    	 	 12	 

    	 		 

    

 

Section
5. Miscellaneous.

 

a) No
Rights as Stockholder Until Exercise. This Warrant does not entitle the Holder to any voting rights, dividends or other rights
as a stockholder of the Company prior to the exercise hereof as set forth in Section 2(d)(i), except as expressly set forth in
Section 3.

 

b) Loss,
Theft, Destruction or Mutilation of Warrant. The Company covenants that upon receipt by the Company of evidence reasonably
satisfactory to it of the loss, theft, destruction or mutilation of this Warrant or any stock certificate relating to the Warrant
Shares, and in case of loss, theft or destruction, of indemnity or security reasonably satisfactory to it (which, in the case
of the Warrant, shall not include the posting of any bond), and upon surrender and cancellation of such Warrant or stock certificate,
if mutilated, the Company will make and deliver a new Warrant or stock certificate of like tenor and dated as of such cancellation,
in lieu of such Warrant or stock certificate.

 

c) Saturdays,
Sundays, Holidays, etc. If the last or appointed day for the taking of any action or the expiration of any right required
or granted herein shall not be a Business Day, then, such action may be taken or such right may be exercised on the next succeeding
Business Day.

 

d) Authorized
Shares.

 

The
Company covenants that, during the period the Warrant is outstanding, it will reserve from its authorized and unissued Common
Stock a sufficient number of shares to provide for the issuance of the Warrant Shares upon the exercise of any purchase rights
under this Warrant. The Company further covenants that its issuance of this Warrant shall constitute full authority to its officers
who are charged with the duty of issuing the necessary Warrant Shares upon the exercise of the purchase rights under this Warrant.
The Company will take all such reasonable action as may be necessary to assure that such Warrant Shares may be issued as provided
herein without violation of any applicable law or regulation, or of any requirements of the Trading Market upon which the Common
Stock may be listed. The Company covenants that all Warrant Shares which may be issued upon the exercise of the purchase rights
represented by this Warrant will, upon exercise of the purchase rights represented by this Warrant and payment for such Warrant
Shares in accordance herewith, be duly authorized, validly issued, fully paid and nonassessable and free from all taxes, liens
and charges created by the Company in respect of the issue thereof (other than taxes in respect of any transfer occurring contemporaneously
with such issue).

 

    	 	 13	 

    	 		 

    

 

Except
and to the extent as waived or consented to by the Holder, the Company shall not by any action, including, without limitation,
amending its certificate of incorporation or through any reorganization, transfer of assets, consolidation, merger, dissolution,
issue or sale of securities or any other voluntary action, avoid or seek to avoid the observance or performance of any of the
terms of this Warrant, but will at all times in good faith assist in the carrying out of all such terms and in the taking of all
such actions as may be necessary or appropriate to protect the rights of Holder as set forth in this Warrant against impairment.
Without limiting the generality of the foregoing, the Company will (i) not increase the par value of any Warrant Shares above
the amount payable therefor upon such exercise immediately prior to such increase in par value, (ii) take all such action as may
be necessary or appropriate in order that the Company may validly and legally issue fully paid and nonassessable Warrant Shares
upon the exercise of this Warrant and (iii) use commercially reasonable efforts to obtain all such authorizations, exemptions
or consents from any public regulatory body having jurisdiction thereof, as may be, necessary to enable the Company to perform
its obligations under this Warrant.

 

Before
taking any action which would result in an adjustment in the number of Warrant Shares for which this Warrant is exercisable or
in the Exercise Price, the Company shall obtain all such authorizations or exemptions thereof, or consents thereto, as may be
necessary from any public regulatory body or bodies having jurisdiction thereof.

 

e) Jurisdiction.
All questions concerning the construction, validity, enforcement and interpretation of this Warrant shall be determined in accordance
with the provisions of the Purchase Agreement.

 

f) Restrictions.
The Holder acknowledges that the Warrant Shares acquired upon the exercise of this Warrant, if not registered and the Holder does
not utilize cashless exercise, will have restrictions upon resale imposed by state and federal securities laws.

 

g) Nonwaiver
and Expenses. No course of dealing or any delay or failure to exercise any right hereunder on the part of Holder shall operate
as a waiver of such right or otherwise prejudice the Holder’s rights, powers or remedies, notwithstanding the fact that
all rights hereunder terminate on the Termination Date. If the Company willfully and knowingly fails to comply with any provision
of this Warrant, which results in any material damages to the Holder, the Company shall pay to the Holder such amounts as shall
be sufficient to cover any costs and expenses including, but not limited to, reasonable attorneys’ fees, including those
of appellate proceedings, incurred by the Holder in collecting any amounts due pursuant hereto or in otherwise enforcing any of
its rights, powers or remedies hereunder.

 

h) Notices.
Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered
in accordance with the notice provisions of the Purchase Agreement.

 

i) Limitation
of Liability. No provision hereof, in the absence of any affirmative action by the Holder to exercise this Warrant to purchase
Warrant Shares, and no enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of the Holder
for the purchase price of any Common Stock or as a stockholder of the Company, whether such liability is asserted by the Company
or by creditors of the Company.

 

    	 	 14	 

    	 		 

    

 

j) Remedies.
The Holder, in addition to being entitled to exercise all rights granted by law, including recovery of damages, will be entitled
to specific performance of its rights under this Warrant. The Company agrees that monetary damages would not be adequate compensation
for any loss incurred by reason of a breach by it of the provisions of this Warrant and hereby agrees to waive and not to assert
the defense in any action for specific performance that a remedy at law would be adequate.

 

k) Successors
and Assigns. Subject to applicable securities laws, this Warrant and the rights and obligations evidenced hereby shall inure
to the benefit of and be binding upon the successors and permitted assigns of the Company and the successors and permitted assigns
of Holder. The provisions of this Warrant are intended to be for the benefit of any Holder from time to time of this Warrant and
shall be enforceable by the Holder or holder of Warrant Shares.

 

l) Amendment.
This Warrant may be modified or amended or the provisions hereof waived with the written consent of the Company and the Holder.

 

m) Severability.
Wherever possible, each provision of this Warrant shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Warrant shall be prohibited by or invalid under applicable law, such provision shall be ineffective
to the extent of such prohibition or invalidity, without invalidating the remainder of such provisions or the remaining provisions
of this Warrant.

 

n) Headings.
The headings used in this Warrant are for the convenience of reference only and shall not, for any purpose, be deemed a part of
this Warrant.

 

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

 

(Signature
Page Follows)

 

    	 	 15	 

    	 		 

    

 

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

 

	 	[	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	 16	 

    	 		 

    

 

NOTICE
OF EXERCISE

 

	To:	[_______________________

 

(1) The
undersigned hereby elects to purchase ________ Warrant Shares of the Company pursuant to the terms of the attached Warrant (only
if exercised in full), and tenders herewith payment of the exercise price in full, together with all applicable transfer taxes,
if any.

 

(2) Payment
shall take the form of (check applicable box):

 

[  ]
in lawful money of the United States; or

 

[  ]
[if permitted the cancellation of such number of Warrant Shares as is necessary, in accordance with the formula set forth in subsection
2(c), to exercise this Warrant with respect to the maximum number of Warrant Shares purchasable pursuant to the cashless exercise
procedure set forth in subsection 2(c).

 

(3) Please
issue said Warrant Shares in the name of the undersigned or in such other name as is specified below:

 

	 		 

 

The
Warrant Shares shall be delivered to the following DWAC Account Number:

 

	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

(4)
Accredited Investor. The undersigned is an “accredited investor” as defined in Regulation D promulgated under
the Securities Act of 1933, as amended.

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity:   ___________________________________________________________________________

Signature
of Authorized Signatory of Investing Entity:  _____________________________________________________

Name
of Authorized Signatory:  _______________________________________________________________________

Title
of Authorized Signatory:  ________________________________________________________________________

Date:
___________________________________________________________________________________________

 

    	 	 	 

    	 		 

    

 

 EXHIBIT
B

 

ASSIGNMENT
FORM

 

(To
assign the foregoing Warrant, execute this form and supply required information. Do not use this form to purchase shares.)

 

FOR
VALUE RECEIVED, the foregoing Warrant and all rights evidenced thereby are hereby assigned to

 

	Name:	 	 
	 	 	(Please
    Print)
	 	 	 
	Address:	 	 
	 	 	(Please
    Print)
	 	 	 
	Phone
    Number:	 	 
	 	 	 
	Email
    Address:	 	 
	 	 	 
	Dated:
    _______________ __, ______	 	 
	 	 	 
	Holder’s
    Signature:___________________________ 	 	 
	 	 	 
	Holder’s
Address:___________________________

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