Document:

Exhibit 10.2

 

NEITHER THE ISSUANCE NOR THE SALE OF
THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS.  THE SECURITIES MAY NOT BE OFFERED FOR
SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL TO THE HOLDER (IF REQUESTED BY THE COMPANY), IN A FORM REASONABLY
ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD OR ELIGIBLE TO BE SOLD PURSUANT
TO RULE 144 OR RULE 144A UNDER SAID ACT.  NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH
A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.   

 

THE PRINCIPAL AMOUNT REPRESENTED BY
THIS NOTE AND, ACCORDINGLY, THE SECURITIES ISSUABLE UPON CONVERSION HEREOF MAY BE LESS THAN THE AMOUNTS SET FORTH ON THE FACE HEREOF.
THIS NOTE IS ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR PURPOSES OF SECTION 1271 ET SEQ. OF THE INTERNAL REVENUE CODE. 

 

 

PROMISSORY
NOTE

	$131,250.00	 	January 28, 2016

 

FOR VALUE RECEIVED, PeerLogix,
Inc., a Delaware corporation (“Maker”), promises to pay to the order of Pinewood Trading Fund, L.P., a Texas
limited liability company (together with its successors and assigns, “Payee”), the principal sum of ONE HUNDRED
AND THIRTY-ONE THOUSAND TWO HUNDRED AND FIFTY DOLLARS ($131,250.00) (the “Principal Amount”) as provided in
this promissory note (this “Note”, and such outstanding principal amount, the “Loan”), as
follows:

 

1.Funding of
Loan. The Loan has been funded on the date of this Note in a single advance by a transfer of funds from Payee to Maker in the
amount of one hundred and five thousand dollars ($105,000.00) (the “Funding Amount”). The difference between
the Principal Amount of the Loan and the Funding Amount reflects the Original Issue Discount in the amount of twenty-six thousand
two hundred and fifty dollars ($26,250.00) to compensate the Payee for making the loan. Maker acknowledges receipt of the Loan
proceeds in an amount equal to the Funding Amount.

 

2. Maturity
and Acceleration. Maker shall repay the entire unpaid Principal Amount, together with all reasonable costs of collection including
attorneys’ fees (collectively, the “Obligations”), upon the earliest to occur of: (i) July 28, 2016; or
(ii) the date on which the Obligations become due and payable pursuant to Section 10 of this Note after the occurrence and continuance
of an Event of Default (such date, the “Maturity Date”).

 

3.Prepayment.
Maker may prepay this Note at any time, in whole or in part, without notice, penalty, or premium, upon 30 days prior written notice.
Maker must immediately prepay this Note concurrent with the consummation by Maker of any debt or equity financing, the gross proceeds
of which equal or exceed three hundred thousand dollars ($300,000.00).

 

4.Payments.
Maker shall pay all Obligations in lawful money of the United States in immediately available funds, free and clear of, and without
deduction or offset for, any present or future taxes, levies, imposts, charges, withholdings, or liabilities with respect thereto;
or any other defenses, offsets, set-offs, claims, counterclaims, credits, or deductions of any kind. Maker’s obligations
under this Note are absolute and unconditional, and are completely independent of all circumstances whatsoever other than as expressly
described in this Note.

 

    	 	 	 

     

    

 

5.Usury Savings.
Nothing in this Note shall require Maker to pay or permit Payee to collect from Maker interest exceeding the maximum amount permitted
by law in commercial loan transactions between parties of the character of the parties to this Note.

 

6.Representations
and Warranties. Maker hereby represents and warrants to Payee that (a) Maker is a corporation duly incorporated, validly existing
and in good standing under the laws of its jurisdiction of organization, (b) Maker has all requisite corporate power and authority
to issue this Note and perform its obligations hereunder, (c) this Note is the legal, valid and binding obligation of Maker, enforceable
against it in accordance with its terms, and (d) neither the execution and delivery of this Note nor compliance with or fulfillment
of its terms, will conflict with, result in a breach of the terms, conditions or provisions of, or constitute a default or an event
creating rights of acceleration, termination or cancellation or a loss of rights under, or result in the creation or imposition
of any lien, encumbrance or similar restriction, under (i) the governing documents of Maker or (ii) any material contract to which
Maker is a party.

 

7.Affirmative
Covenants. Until the Obligations are paid in full, Maker shall: (a) use Loan proceeds only for lawful working capital and general
corporate purposes, (b) maintain its legal existence, (c) conduct its business in material compliance with all applicable laws
and regulations, (d) pay when due all taxes, fees and other charges upon it and its assets, (e) keep its properties insured under
policies with such provisions, for such amounts and with such insurers as is standard and customary for reputable companies engaged
in similar business, (f) maintain its assets in good condition and repair, (g) furnish all financial and other information concerning
Maker’s business as may be reasonably requested by Payee from time to time, (h) afford employees, agents, and authorized
representatives of Payee reasonable access at reasonable times, upon reasonable prior notice, to Maker’s electronic data
room (if any), properties, offices, files, agreements, books, and records as may be necessary in order that the Payee may have
a full opportunity to conduct such investigations and due diligence reviews as it shall deem necessary in connection with the transactions
contemplated herein and in the Securities Purchase Agreement, dated as of the date hereof, by and between Maker and Payee (the
“Share Purchase Agreement”), pursuant to which Maker plans to issue certain of its shares of common stock to
Payee (the “Shares”) and (i) promptly give notice to Payee after Maker has knowledge of (i) any event which,
either of itself or with the lapse of time or the giving of notice or both, would constitute an Event of Default hereunder or a
material default under any other material agreement to which Maker is a party, together with a statement of the actions which Maker
proposes to take with respect thereto, (ii) any pending litigation or litigation threatened in writing or an administrative proceeding,
(iii) any other condition or event which would make any of the covenants, representations or warranties in this Note incomplete
or inaccurate in any material respect, and (iv) any fact or circumstance which is materially adverse to the property, financial
condition or business operations of Maker.

 

8.Negative Covenants.
Until the Obligations are paid in full, without the prior written consent of Payee, Maker shall not: (a) incur any other indebtedness
for borrowed money or the deferred purchase price of any assets (other than trade payables incurred in the ordinary course of business),
(b) create or allow any other liens or security interests on any of its assets, (c) merge or consolidate with any other company
or sell or transfer all or any substantial part of its assets, (d) declare or pay any dividend or other distribution on or with
respect to any of its equity interests, or redeem or repurchase any of its equity interests, (e) issue or sell any securities which
are senior in any material respect to this Note or the Shares; (f) acquire or make any investment in any other business or entity,
(g) directly or indirectly, engage in any transaction with any affiliate, shareholder, director, officer, or employee of Maker
(“Affiliated Parties”), other than payment of salary and bonuses in the ordinary course of business and consistent
with past practice, or (h) use any proceeds of the Loan to repay any indebtedness owed to Affiliated Parties.

 

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9.Security.
To secure payment and performance of the Obligations, Maker hereby grants to Payee a first priority security interest in all of
Maker’s present and future right, title, and interest in and to any and all of the personal property of the Maker whether
such property is now existing or hereafter created, acquired, or arising and wherever located, including without limitation: accounts,
chattel paper, goods, inventory, equipment, fixtures, farm products, instruments, investment property, documents, commercial tort
claims, cash, deposit accounts, letter-of-credit rights, and general intangibles (collectively, the “Collateral”),
including all distributions, proceeds and amounts distributable or payable from, upon or in respect of such property, and all rights
and privileges incident to, any of the foregoing. Maker authorizes Payee to prepare and file financing statements and other documents
describing the Collateral and all statutory liens held by Payee in such jurisdictions as Payee deems appropriate in order to perfect
or continue perfected Payee’s security interest and give notice of its lien rights. The Collateral shall not include any
contract or general intangible to the extent that the grant by Maker of a security interest in Maker’s right, title and interest
therein is prohibited by legally enforceable provisions of any contract or agreement governing such contract or general intangible,
would give any other party to such contract or agreement a legally enforceable right to terminate its obligations thereunder, or
is permitted only with the consent of another party, if the requirement to obtain such consent is legally enforceable and such
consent has not been obtained. Upon the occurrence of any Event of Default under this Note, Payee shall have all rights and remedies
for default provided by the Uniform Commercial Code as in effect in the State of New York, as well as any other applicable law
and this Note and the other agreements of Maker relating hereto. In addition, this Note is secured by all existing and future security
agreements, mortgages, pledge agreements, and other collateral agreements, between Payee and Maker, between Payee and any indorser
or guarantor of this Note, and between Payee and any other person providing collateral security for Maker’s obligations,
and payment may be accelerated according to any of them.

 

10.Event of
Default; Remedies. Maker will be deemed to be in default under this Note upon the occurrence of any of the following events
(each an “Event of Default”): (a) immediately, upon the filing by Maker of any voluntary petition in bankruptcy
or any petition for relief under the federal bankruptcy code or any other state or federal law for the relief of debtors; (b) within
45 days unless such event has been cured, upon the filing against Maker of any involuntary petition in bankruptcy or any petition
for relief under the federal bankruptcy code or any other state or federal law for the relief of debtors, (c) immediately, upon
the Maker’s becoming insolvent, or admitting in writing its inability to pay its debts as they become due, or execution by
Maker of an assignment for the benefit of creditors or any similar composition or arrangement with its creditors, (d) within 45
days, unless such appointment has been dismissed, of the appointment of a receiver, custodian, trustee or similar party to take
possession of Maker’s assets or property; (e) immediately, upon a final judgment issued against Maker of more than $50,000
that is not discharged or stayed after applicable periods; (f) within 30 days after knowledge of Maker or notice by Payee, unless
cured, of any material breach, default or violation under this Note (other than a failure to pay any Obligations when due), including
without limitation a breach of covenant or false or misleading representations, warranties, or certifications; (g) a failure to
pay any Obligations when due hereunder; and (h) Maker undergoing any change of control, including (i) a sale of substantially all
of Maker’s assets, or (ii) each and every issue, sale, transfer, pledge, or other disposition, directly or indirectly, of
the ownership interests in the Maker, which, after giving effect thereto, results in William Gorfein and Joshua Partridge at any
time ceasing to collectively own, legally and beneficially (directly or indirectly), at least 50.1% of the ownership interests
of Maker. Upon the occurrence of an Event of Default that is continuing under any of clauses (a) through (d) above, the entire
unpaid Principal Balance and any other outstanding Obligations under this Note shall automatically become due and payable without
presentment, demand or notice of any kind, and upon the occurrence of any other Event of Default that is continuing, Payee may
declare the entire unpaid Principal Balance and any other outstanding Obligations under this Note to be immediately due and payable
in full. In addition, upon the occurrence of an Event of Default, Payee may, at its option, do any of the following: (a) take possession
of the Collateral without notice or hearing, and Maker hereby expressly waives any right to notice or a prior hearing; (b) enter
upon Maker’s premises or other premises where any Collateral may be located to take possession of the Collateral and otherwise
exercise its rights under this Note or applicable law; (c) require Maker to assemble the Collateral and make it available to Payee
at a place designated by Payee; (d) sell or otherwise dispose of all or any part of the Collateral at public or private sale in
accordance with the Uniform Commercial Code and/or (e) exercise its other rights and remedies under this Note and applicable law,
including all rights of a secured creditor under the Uniform Commercial Code. Payee may purchase any or all Collateral at any private
sale. Reasonable notice of a public or private sale, if required, shall be given if notice is mailed to Maker at least 10 calendar
days prior to the time of the sale or other disposition.

 

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11.Renewals;
Extensions; Amendment. Maker and any endorsers and guarantors of this Note, and all others who are or may become liable for
all or any part of the Loan, consent to any number of renewals or extensions of time for payment of this Note. Any such renewals
or extensions shall not affect their liability. This Note may only be amended in writing, signed by Maker and Payee.

 

12.Overdue Rate.
Any amounts due and unpaid hereunder will bear interest at 5.00% per annum plus any other applicable rate.

 

13.Notices.
Any notices under this Note shall be given by personal delivery or by nationally recognized overnight courier service at the addresses
specified below or any address specified in writing from time to time by Maker and Payee. Notices shall be effective upon receipt
or upon affirmative refusal to accept delivery.

 

If to Maker:

 

Peerlogix,
Inc.

119 West
24th Street, 4th Floor

New York,
New York 10011

Attn: William
Gorfein

 

If to Payee:

 

Pinewood Trading Fund,
L.P.

1029 East Drive

Beaumont, Texas 77706

Attn: Jack E. Brooks

Fax: (413) 803-7685

 

14.Waivers.
Maker and any endorsers and guarantors of this Note, and all others who may become liable for all or any part of the obligations
evidenced by this Note, severally waive presentment for payment, protest, notice of protest, dishonor, notice of dishonor, demand,
notice of non-payment, and the benefit of all statutes, ordinances, judicial rulings, and other legal principles of any kind, now
or hereafter enacted or in force, affording any right of cure or any right to a stay of execution or extension of time for payment
or exempting any property of such person from levy and sale upon execution of any judgment obtained by the holder in respect of
this Note.

 

15.GOVERNING
LAW; VENUE; JURY TRIAL WAIVER. THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW
YORK, WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION. Each
of the parties hereto hereby irrevocably and unconditionally (a) submits, for itself and its property, to the exclusive jurisdiction
of any New York State court or Federal court of the United States of America sitting in New York City, and any appellate court
from any thereof, in any action or proceeding arising out of or relating to this Note or the transactions contemplated hereby,
or for recognition or enforcement of any judgment, and agrees that all claims in respect of any such action or proceeding may be
heard and determined in such New York State court or, to the extent permitted by law, in such Federal court, (b) waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of
any suit, action or proceeding arising out of or relating to this Note or the transactions contemplated hereby in any New York
State court or in any such Federal court and (c) waives, to the fullest extent permitted by law, the defense of an inconvenient
forum to the maintenance of such action or proceeding in any such court. THE PARTIES WAIVE JURY TRIAL IN ANY ACTION TO ENFORCE
OR INTERPRET, OR OTHERWISE ARISING FROM THIS NOTE.

 

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16.Severability.
If any provision of this Note is invalid or unenforceable, then the other provisions shall remain in full force and effect.

 

17.Costs and
Expenses. On the date Payee transfers to Maker the Funding Amount, Maker shall pay $5,000.00 towards Payee’s legal expenses
related to this Note and any related transactions among Maker and Payee. Other than as provided in the previous sentence, each
Party agrees to pay its own costs and expenses incurred in connection with the preparation, negotiation, execution and delivery
of this Note. Maker agrees to pay all costs and expenses, including reasonable fees and expenses of counsel for Payee, incurred
by Payee in connection with the enforcement of its rights under this Note.

 

IN WITNESS WHEREOF, Maker
by its duly authorized officer has executed this Note as of the date first written above.

 

 

PEERLOGIX, INC.

 

 

 

By:____________________________

Name:

Title:

 

 

 

    	 	5Exhibit 10.3

 

REGISTRATION RIGHTS AGREEMENT

 

This REGISTRATION
RIGHTS AGREEMENT, dated as of January 28, 2016 (this “Agreement”), among PEERLOGIX, INC., a Delaware
corporation (the “Company”), and Pinewood Trading Fund, L.P.
(the “Purchaser”).

 

INTRODUCTION

 

Simultaneously with
the execution and delivery hereof, the Company and the Purchaser are entering into a Securities Purchase Agreement, dated as of
the date hereof (the “Purchase Agreement”), pursuant to which Purchaser will acquire from the Company 100,000
shares (each a “Share” and, collectively, the “Shares”) of its Common Stock, $.00001 par
value (the “Common Stock”), in exchange for the Investor lending money to the Company pursuant to the Promissory
Note of even date herewith (the “Note”).

 

This Agreement is made
pursuant to the Purchase Agreement and sets forth the rights of the Purchaser to have registered, and the obligations of the Company
to register, under the Securities Act of 1933, as amended (the “Securities Act”).

 

NOW,
THEREFORE, in consideration of the mutual promises, representations, warranties and covenants hereinafter set forth
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows:

 

Section 1Definitions.
Capitalized terms used, but not otherwise defined herein that are defined in the Purchase Agreement shall have the respective meanings
given such terms in the Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings:

 

“Advice”
shall have the meaning set forth in Section 6(d).

 

“Effectiveness
Period” shall have the meaning set forth in Section 2(a).

 

“Event”
shall have the meaning set forth in Section 2(b).

 

“Event
Date” shall have the meaning set forth in Section 2(b).

 

“Filing
Date” means, with respect to the initial Registration Statement, March 31, 2016 and, with respect to any additional Registration
Statements which may be required pursuant to Section 3(c), the earliest practical date on which the Company is permitted by SEC
Guidance to file such additional Registration Statement related to the Registrable Securities.

 

“Holder”
means the Purchaser.

 

“Indemnified
Party” shall have the meaning set forth in Section 5(c).

 

“Indemnifying
Party” shall have the meaning set forth in Section 5(c).

 

“Initial
Registration Statement” means the Company’s Registration Statement on Form S-1 that is to be filed on or before
March 31, 2016.

 

“Losses”
shall have the meaning set forth in Section 5(a).

 

“Plan
of Distribution” shall have the meaning set forth in Section 2(a).

 

    	 	 	 

     

    

 

“Prospectus”
means the prospectus included in a Registration Statement (including, without limitation, a prospectus that includes any information
previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A promulgated
under the Securities Act), as amended or supplemented by any prospectus supplement, with respect to the terms of the offering of
any portion of the Registrable Securities covered by a Registration Statement, and all other amendments and supplements to the
Prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference
in such Prospectus.

 

“Registrable
Securities” means all of the Shares and any shares of Common Stock issued or issuable upon any stock split, dividend
or other distribution, recapitalization or similar event with respect to the Shares.

 

“Registration
Statement” means the registration statements required to be filed hereunder and any additional registration statements
contemplated by Section 3(c), including (in each case) the Prospectus, amendments and supplements to such registration statement
or Prospectus, including pre- and post-effective amendments, all exhibits thereto, and all material incorporated by reference or
deemed to be incorporated by reference in such registration statement.

 

“Rule
415” means Rule 415 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Rule
424” means Rule 424 promulgated by the Commission pursuant to the Securities Act, as such Rule may be amended from time
to time, or any similar rule or regulation hereafter adopted by the Commission having substantially the same purpose and effect
as such Rule.

 

“Selling
Stockholder Questionnaire” shall have the meaning set forth in Section 3(a).

 

“SEC
Guidance” means (i) any publicly-available written or oral guidance, comments, requirements or requests of the Commission
staff and (ii) the Securities Act.

 

“Trading
Day” means a day on which the principal Trading Market is open for trading.

 

“Trading
Market” means any of the following markets or exchanges on which the Common Stock is listed or quoted for trading on
the date in question: the NYSE AMEX, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market, the
New York Stock Exchange, the OTC Bulletin Board, the OTCQX maintained by OTC Markets, Inc., or the OTCQB maintained by OTC Markets,
Inc. (or any successors to any of the foregoing).

 

Section
2Registration.

 

(a)On
or prior to each Filing Date, the Company shall prepare and file with the Commission a Registration Statement covering, among other
things, the resale of all or such portion (as permitted by SEC Guidance and Rule 415) of the Registrable Securities on such Filing
Date that are not then registered on an effective Registration Statement. The Registration Statement shall be on Form S-1 and shall
contain substantially the “Plan of Distribution” attached hereto as Annex
A. Subject to the terms of this Agreement, the Company shall use its commercially reasonable best efforts to cause a
Registration Statement to be declared effective under the Securities Act as promptly as practicable after the filing thereof, and
shall use its commercially reasonable best efforts to keep such Registration Statement continuously effective under the Securities
Act until all Registrable Securities covered by such Registration Statement have been sold, or may be sold without volume restrictions
pursuant to Rule 144, as determined by the counsel to the Company pursuant to a written opinion letter to such effect, addressed
and acceptable to the Company’s transfer agent and the Holder (the “Effectiveness Period”).

 

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(b)If:
(i) the Initial Registration Statement is not filed on or prior to its Filing Date, or (ii) the Company fails to file with the
Commission a request for acceleration in accordance with Rule 461 promulgated under the Securities Act, within five Trading Days
of the date that the Company is notified (orally or in writing, whichever is earlier) by the Commission that the Initial Registration
Statement will not be “reviewed” or not be subject to further review, or (iii) the Company fails to file a pre-effective
amendment and otherwise respond in writing to comments made by the Commission in respect of such Initial Registration Statement
within 30 Trading Days after the receipt of comments by or notice from the Commission that such amendment is required in order
for such Initial Registration Statement to be declared effective, or (iv) after the Effectiveness Date of a Registration Statement,
such Registration Statement ceases for any reason to remain continuously effective as to all Registrable Securities included in
such Registration Statement, or the Holder is otherwise not permitted to utilize the Prospectus therein to resell such Registrable
Securities, for more than 10 consecutive calendar days or more than an aggregate of 20 calendar days during any 12-month period
(which need not be consecutive calendar days) (any such failure or breach being referred to as an “Event”, and
for purposes of clause (i), the date on which such Event occurs, or for purposes of clause (ii) the date on which such five Trading
Day period is exceeded, or for purposes of clause (iii) the date which such 20 Trading Day period is exceeded, or for purposes
of clause, as applicable, is exceeded being referred to as “Event Date”), then, in addition to any other rights
the Holder may have hereunder or under applicable law, on each such Event Date and on each monthly anniversary of each such Event
Date (if the applicable Event shall not have been cured by such date) until the applicable Event is cured, the Company shall pay
to the Holder an amount in cash, as partial liquidated damages and not as a penalty, equal to $2,500 per month (not to exceed an
aggregate of $20,000), pro-rated for periods of less than 30 days. If the Company fails to pay any partial liquidated damages pursuant
to this Section in full within seven (7) days after the date payable, the Company will pay interest thereon at a rate of 18% per
annum (or such lesser maximum amount that is permitted to be paid by applicable law) to the Holder, accruing daily from the date
such partial liquidated damages are due until such amounts, plus all such interest thereon, are paid in full. The partial liquidated
damages pursuant to the terms hereof shall apply on a daily pro rata basis for any portion of a month prior to the
cure of an Event.

 

(c)The
Company shall notify the Holder of Registrable Securities to be sold (which notice shall, pursuant to clauses (iii) through (vi)
hereof, be accompanied by an instruction to suspend the use of the Prospectus until the requisite changes have been made and which
notice shall be made by public dissemination of information by filing a Report on 8-K or otherwise) as promptly as reasonably possible
(and, in the case of (i)(A) below, not less than one Trading Day prior to such filing) and (if requested by any such Person) confirm
such notice in writing no later than one Trading Day following the day (i)(A) when a Prospectus or any Prospectus supplement or
post-effective amendment to a Registration Statement is proposed to be filed; (B) when the Commission notifies the Company whether
there will be a “review” of such Registration Statement and whenever the Commission comments in writing on such Registration
Statement; and (C) with respect to a Registration Statement or any post-effective amendment, when the same has become effective;
(ii) of any request by the Commission or any other Federal or state governmental authority for amendments or supplements to a Registration
Statement or Prospectus or for additional information; (iii) of the issuance by the Commission or any other federal or state governmental
authority of any stop order suspending the effectiveness of a Registration Statement covering any or all of the Registrable Securities
or the initiation of any Proceedings for that purpose; (iv) of the receipt by the Company of any notification with respect to the
suspension of the qualification or exemption from qualification of any of the Registrable Securities for sale in any jurisdiction,
or the initiation or threatening of any Proceeding for such purpose; (v) of the occurrence of any event or passage of time that
makes the financial statements included in a Registration Statement ineligible for inclusion therein or any statement made in a
Registration Statement or Prospectus or any document incorporated or deemed to be incorporated therein by reference untrue in any
material respect or that requires any revisions to a Registration Statement, Prospectus or other documents so that, in the case
of a Registration Statement or the Prospectus, as the case may be, it will not contain any untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances
under which they were made, not misleading; and (vi) the occurrence or existence of any pending corporate development with respect
to the Company that the Company believes may be material and that, in the determination of the Company, makes it not in the best
interest of the Company to allow continued availability of a Registration Statement or Prospectus, provided that any and all of
such information shall remain confidential to the Holder until such information otherwise becomes public, unless disclosure by
the Holder is required by law; provided, further, that notwithstanding the Holder’s agreement to keep such
information confidential, the Holder makes no acknowledgement that any such information is material, non-public information.

 

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Section 4Registration
Expenses. All fees and expenses incident to the performance of or compliance with this Agreement by the Company shall be
borne by the Company whether or not any Registrable Securities are sold pursuant to a Registration Statement. The fees and expenses
referred to in the foregoing sentence shall include, without limitation, (i) all registration and filing fees (including, without
limitation, fees and expenses) (A) with respect to filings required to be made with any Trading Market on which the Common Stock
is then listed for trading, (B) in compliance with applicable state securities or Blue Sky laws reasonably agreed to by the Company
in writing (including, without limitation, fees and disbursements of counsel for the Company in connection with Blue Sky qualifications
or exemptions of the Registrable Securities) and (C) if not previously paid by the Company in connection with an Issuer Filing,
with respect to any filing that may be required to be made by any broker through which the Holder intends to make sales of Registrable
Securities with FINRA pursuant to the FINRA Rule 2710, so long as the broker is receiving no more than a customary brokerage commission
in connection with such sale, (ii) printing expenses (including, without limitation, expenses of printing certificates for Registrable
Securities, (iii) messenger, telephone and delivery expenses, (iv) fees and disbursements of counsel for the Company, (v) Securities
Act liability insurance, if the Company so desires such insurance, and (vi) fees and expenses of all other Persons retained by
the Company in connection with the consummation of the transactions contemplated by this Agreement. In addition, the Company shall
be responsible for all of its internal expenses incurred in connection with the consummation of the transactions contemplated by
this Agreement (including, without limitation, all salaries and expenses of its officers and employees performing legal or accounting
duties), the expense of any annual audit and the fees and expenses incurred in connection with the listing of the Registrable Securities
on any securities exchange as required hereunder. In no event shall the Company be responsible for any broker or similar commissions
of the Holder or, except to the extent provided for in the Transaction Agreements, any legal fees or other costs of the Holder.

 

Section 5Indemnification.

 

(a)Indemnification
by the Company. The Company shall, notwithstanding any termination of this Agreement, indemnify and hold harmless the Holder,
the officers, directors, members, partners, agents, investment advisors and employees (and any other Persons with a functionally
equivalent role of a Person holding such titles, notwithstanding a lack of such title or any other title) of each of them, each
Person who controls any such Holder (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act)
and the officers, directors, members, stockholders, partners, agents and employees (and any other Persons with a functionally equivalent
role of a Person holding such titles, notwithstanding a lack of such title or any other title)of each such controlling Person,
to the fullest extent permitted by applicable law, from and against any and all losses, claims, damages, liabilities, costs (including,
without limitation, reasonable attorneys’ fees) and expenses (collectively, “Losses”), as incurred, arising
out of or relating to (1) any untrue or alleged untrue statement of a material fact contained in a Registration Statement, any
Prospectus or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus, or arising out
of or relating to any omission or alleged omission of a material fact required to be stated therein or necessary to make the statements
therein (in the case of any Prospectus or form of prospectus or supplement thereto, in light of the circumstances under which they
were made) not misleading, or (2) any violation or alleged violation by the Company of the Securities Act, Exchange Act or any
state securities law, or any rule or regulation thereunder, in connection with the performance of its obligations under this Agreement,
except to the extent, but only to the extent, that (i) such untrue statements or omissions are based solely upon information regarding
such Holder furnished in writing to the Company by, or on behalf of, such Holder expressly for use therein, or to the extent that
such information relates to such Holder or such Holder’s proposed method of distribution of Registrable Securities and was
reviewed and expressly approved in writing by such Holder expressly for use in a Registration Statement, such Prospectus or such
form of Prospectus or in any amendment or supplement thereto (it being understood that the Holder has approved Annex
A hereto for this purpose and the information provided in writing to the Company by such Holder in its completed questionnaire
in the form attached hereto as Annex B) or (ii) in the case of an occurrence
of an event of the type specified in Section 2(c)(iii)-(vi), the use by such Holder of an outdated or defective Prospectus after
the Company has notified such Holder in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder
of the Advice contemplated in Section 6(d). The Company shall notify the Holder promptly of the institution, threat or assertion
of any Proceeding arising from or in connection with the transactions contemplated by this Agreement of which the Company is aware.

 

    	 	4	 

     

    

 

(b)Indemnification
by Holder. The Holder shall indemnify and hold harmless the Company, its directors, officers, agents and employees, each Person
who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act), and the directors,
officers, agents or employees of such controlling Persons, to the fullest extent permitted by applicable law, from and against
all Losses, as incurred, to the extent arising out of or based solely upon: (x) such Holder’s failure to comply with the
prospectus delivery requirements of the Securities Act or (y) any untrue or alleged untrue statement of a material fact contained
in any Registration Statement, any Prospectus, or any form of prospectus, or in any amendment or supplement thereto or in any preliminary
prospectus, or arising out of or relating to any omission or alleged omission of a material fact required to be stated therein
or necessary to make the statements therein not misleading (i) to the extent, but only to the extent, that such untrue statement
or omission is contained in any information so furnished in writing by, or on behalf of, such Holder to the Company specifically
for inclusion in such Registration Statement or such Prospectus or (ii) to the extent that such information relates to such Holder’s
proposed method of distribution of Registrable Securities and was reviewed and expressly approved in writing by such Holder expressly
for use in a Registration Statement (it being understood that the Holder has approved Annex
A hereto for this purpose and the information provided in writing to the Company by such Holder in its completed questionnaire
in the form attached hereto as Annex B), such Prospectus or such form
of Prospectus or in any amendment or supplement thereto or (iii) in the case of an occurrence of an event of the type specified
in Section 2(c)(iii)-(vi), the use by such Holder of an outdated or defective Prospectus after the Company has notified such Holder
in writing that the Prospectus is outdated or defective and prior to the receipt by such Holder of the Advice contemplated in Section
6(d). In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the net proceeds
received by such Holder upon the sale of the Registrable Securities giving rise to such indemnification obligation.

 

(c)Conduct of
Indemnification Proceedings. If any Proceeding shall be brought or asserted against any Person entitled to indemnity hereunder
(an “Indemnified Party”), such Indemnified Party shall promptly notify the Person from whom indemnity is sought
(the “Indemnifying Party”) in writing, and the Indemnifying Party shall have the right to assume the defense
thereof, including the employment of counsel reasonably satisfactory to the Indemnified Party and the payment of all fees and expenses
incurred in connection with defense thereof; provided, that the failure of any Indemnified Party to give such notice shall not
relieve the Indemnifying Party of its obligations or liabilities pursuant to this Agreement, except (and only) to the extent that
it shall be finally determined by a court of competent jurisdiction (which determination is not subject to appeal or further review)
that such failure shall have prejudiced the Indemnifying Party.

 

    	 	5	 

     

    

 

An Indemnified Party
shall have the right to employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of such Indemnified Party or Parties unless: (1) the Indemnifying Party has
agreed in writing to pay such fees and expenses; (2) the Indemnifying Party shall have failed promptly to assume the defense of
such Proceeding and to employ counsel reasonably satisfactory to such Indemnified Party in any such Proceeding; or (3) the named
parties to any such Proceeding (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party,
and counsel to the Indemnified Party shall reasonably believe that a material conflict of interest is likely to exist if the same
counsel were to represent such Indemnified Party and the Indemnifying Party (in which case, if such Indemnified Party notifies
the Indemnifying Party in writing that it elects to employ separate counsel at the expense of the Indemnifying Party, the Indemnifying
Party shall not have the right to assume the defense thereof and the reasonable fees and expenses of no more than one separate
counsel shall be at the expense of the Indemnifying Party). The Indemnifying Party shall not be liable for any settlement of any
such Proceeding effected without its written consent, which consent shall not be unreasonably withheld or delayed. No Indemnifying
Party shall, without the prior written consent of the Indemnified Party, effect any settlement of any pending Proceeding in respect
of which any Indemnified Party is a party, unless such settlement includes an unconditional release of such Indemnified Party from
all liability on claims that are the subject matter of such Proceeding.

 

Subject to the terms
of this Agreement, all reasonable fees and expenses of the Indemnified Party (including reasonable fees and expenses to the extent
incurred in connection with investigating or preparing to defend such Proceeding in a manner not inconsistent with this Section)
shall be paid to the Indemnified Party, as incurred, within ten Trading Days of written notice thereof to the Indemnifying Party,
provided that the Indemnified Party shall promptly reimburse the Indemnifying Party for that portion of such fees and expenses
applicable to such actions for which such Indemnified Party is judicially determined to be not entitled to indemnification hereunder.

 

(d)Contribution.
If the indemnification under Section 5(a) or 5(b) is unavailable to an Indemnified Party or insufficient to hold an Indemnified
Party harmless for any Losses, then each Indemnifying Party shall contribute to the amount paid or payable by such Indemnified
Party, in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection
with the actions, statements or omissions that resulted in such Losses as well as any other relevant equitable considerations.
The relative fault of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether
any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged omission of
a material fact, has been taken or made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party,
and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such action, statement
or omission. The amount paid or payable by a party as a result of any Losses shall be deemed to include, subject to the limitations
set forth in this Agreement, any reasonable attorneys’ or other fees or expenses incurred by such party in connection with
any Proceeding to the extent such party would have been indemnified for such fees or expenses if the indemnification provided for
in this Section was available to such party in accordance with its terms.

 

The parties hereto
agree that it would not be just and equitable if contribution pursuant to this Section 5(d) were determined by pro rata allocation
or by any other method of allocation that does not take into account the equitable considerations referred to in the immediately
preceding paragraph. Notwithstanding the provisions of this Section 5(d), no Holder shall be required to contribute, in the aggregate,
any amount in excess of the amount by which the net proceeds actually received by such Holder from the sale of the Registrable
Securities subject to the Proceeding exceeds the amount of any damages that such Holder has otherwise been required to pay by reason
of such untrue or alleged untrue statement or omission or alleged omission, except in the case of fraud by such Holder.

 

The indemnity and contribution
agreements contained in this Section are in addition to any liability that the Indemnifying Parties may have to the Indemnified
Parties.

 

Section 6Miscellaneous.

 

(a)Remedies.
In the event of a breach by the Company or by the Holder of any of their respective obligations under this Agreement, the Holder
or the Company, as the case may be, in addition to being entitled to exercise all rights granted by law and under this Agreement,
including recovery of damages, shall be entitled to specific performance of its rights under this Agreement. The Company and the
Holder agree that monetary damages would not provide adequate compensation for any losses incurred by reason of a breach by it
of any of the provisions of this Agreement and hereby further agrees that, in the event of any action for specific performance
in respect of such breach, it shall not assert or shall waive the defense that a remedy at law would be adequate.

 

    	 	6	 

     

    

 

(b)Compliance.
The Holder covenants and agrees that it will comply with the prospectus delivery requirements of the Securities Act as applicable
to it in connection with sales of Registrable Securities pursuant to a Registration Statement.

 

(c)Discontinued
Disposition. By its acquisition of Registrable Securities, the Holder agrees that, upon receipt of a notice from the Company
of the occurrence of any event of the kind described in and in accordance with Section 2(c), such Holder will forthwith discontinue
disposition of such Registrable Securities under a Registration Statement until it is advised in writing (the “Advice”)
by the Company that the use of the applicable Prospectus (as it may have been supplemented or amended) may be resumed. The Company
will use its commercially reasonable best efforts to ensure that the use of the Prospectus may be resumed as promptly as it practicable.

 

(d)Piggy-Back
Registrations. Subject to the permissibility of registering additional Registrable Securities pursuant to SEC Guidance including
Rule 415, if at any time during the Effectiveness Period there is not an effective Registration Statement covering all of the
Registrable Securities and the Company shall determine to prepare and file with the Commission a registration statement relating
to an offering for its own account or the account of others under the Securities Act of any of its equity securities, other than
on Form S-4 or Form S-8 (each as promulgated under the Securities Act) or their then equivalents relating to equity securities
to be issued solely in connection with any acquisition of any entity or business or equity securities issuable in connection with
the stock option or other employee benefit plans, then the Company shall send to the Holder a written notice of such determination
and, if within ten days after the date of such notice, any such Holder shall so request in writing, the Company shall include
in such registration statement all or any part of such Registrable Securities such Holder requests to be registered; provided,
however, that, the Company shall not be required to register any Registrable Securities pursuant to this Section 6(e) that
are eligible for resale pursuant to Rule 144(b)(ii) promulgated under the Securities Act or that are the subject of a then effective
Registration Statement.

 

(e)Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be given, unless the same shall be in writing and signed
by the Company and the Holder.

 

(f)Notices.
Any and all notices or other communications or deliveries required or permitted to be provided hereunder shall be delivered as
set forth in the Purchase Agreement.

 

(g)Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and permitted assigns of each
of the parties and shall inure to the benefit of the Holder. The Company may not assign its rights (except by merger) or obligations
hereunder without the prior written consent of a majority of the Holder.

 

(h)Execution
and Counterparts. This Agreement may be executed in two or more counterparts, all of which when taken together shall be considered
one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other
party, it being understood that both parties need not sign the same counterpart. 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.

 

    	 	7	 

     

    

 

(i)Governing
Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be determined
in accordance with the provisions of the Purchase Agreement.

 

(j)Severability.
If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction to be invalid, illegal,
void or unenforceable, the remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full
force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto shall use their commercially
reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated
by such term, provision, covenant or restriction. It is hereby stipulated and declared to be the intention of the parties that
they would have executed the remaining terms, provisions, covenants and restrictions without including any of such that may be
hereafter declared invalid, illegal, void or unenforceable.

 

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

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK;

SIGNATURE PAGE FOLLOWS]

 

 

 

 

 

 

 

 

    	 	8	 

     

    

 

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

 

 

	 	
        Purchaser:

         

        PINEWOOD TRADING FUND, L.P.
	 	
        Company:

         

        PEERLOGIX, INC.

	 	By Sagewood, LLC General Partner	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By:	_________________________	 	By:	_________________________
	 	Name: Jack Brooks	 	 	Name: 
	 	Title: Manager	 	 	Title: 

 

 

 

 

 

 

    	 	9	 

     

    

 

ANNEX
A

 

Plan of Distribution

 

The Selling Stockholder
(the “Selling Stockholder”) of the common stock and any of their pledgees (which are accredited investors (as
defined in Regulation D under the Securities Act) or which are in connection with bona fide margin accounts with a registered broker-dealer
or financial institution which is an accredited investor), assignees and successors-in-interest may, from time to time, sell any
or all of their shares of common stock on the OTCQB maintained by OTC Markets, Inc., or any other stock exchange, market or trading
facility on which the shares are quoted or in private transactions. These sales may be at fixed or negotiated prices. The Selling
Stockholder may use any one or more of the following methods when selling shares:

 

		·	ordinary brokerage transactions and transactions in which the broker-dealer
solicits purchasers;

 

		·	block trades in which the broker-dealer will attempt to sell the shares as
agent but may position and resell a portion of the block as principal to facilitate the transaction;

 

		·	purchases by a broker-dealer as principal and resale by the broker-dealer
for its account;

 

		·	an exchange distribution in accordance with the rules of the applicable exchange;

 

		·	privately negotiated transactions;

 

		·	settlement of short sales entered into after the effective date of the registration
statement of which this prospectus is a part;

 

		·	broker-dealers may agree with the Selling Stockholder to sell a specified
number of such shares at a stipulated price per share;

 

		·	through the writing or settlement of options or other hedging transactions,
whether through an options exchange or otherwise;

 

		·	a combination of any such methods of sale; or

 

		·	any other method permitted pursuant to applicable law.

 

The Selling Stockholder
may also sell shares under Rule 144 under the Securities Act of 1933, as amended (the “Securities Act”), if
available, rather than under this prospectus.

 

Broker-dealers engaged
by the Selling Stockholder may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions
or discounts from the Selling Stockholder (or, if any broker-dealer acts as agent for the purchaser of shares, from the purchaser)
in amounts to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction
not in excess of a customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction
a markup or markdown in compliance with FINRA IM-2440.

 

    	 	10	 

     

    

 

In connection with
the sale of the common stock or interests therein, the Selling Stockholder may enter into hedging transactions with broker-dealers
or other financial institutions, which may in turn engage in short sales of the Common Stock in the course of hedging the positions
they assume. The Selling Stockholder may also sell shares of the common stock short and deliver these securities to close out their
short positions, or loan or pledge the common stock to broker-dealers that in turn may sell these securities. The Selling Stockholder
may also enter into option or other transactions with broker-dealers or other financial institutions or the creation of one or
more derivative securities which require the delivery to such broker-dealer or other financial institution of shares offered by
this prospectus, which shares such broker-dealer or other financial institution may resell pursuant to this prospectus (as supplemented
or amended to reflect such transaction).

 

The Selling Stockholder
and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within
the meaning of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers
or agents and any profit on the resale of the shares purchased by them may be deemed to be underwriting commissions or discounts
under the Securities Act. Each Selling Stockholder has informed the Company that it does not have any written or oral agreement
or understanding, directly or indirectly, with any person to distribute the Common Stock. In no event shall any broker-dealer receive
fees, commissions and markups which, in the aggregate, would exceed eight percent (8%).

 

The Company is required
to pay certain fees and expenses incurred by the Company incident to the registration of the shares. The Company has agreed to
indemnify the Selling Stockholder against certain losses, claims, damages and liabilities, including liabilities under the Securities
Act.

 

Because the Selling
Stockholder may be deemed to be an “underwriter” within the meaning of the Securities Act, it will be subject to the
prospectus delivery requirements of the Securities Act including Rule 172 thereunder. In addition, any securities covered by this
prospectus which qualify for sale pursuant to Rule 144 under the Securities Act may be sold under Rule 144 rather than under this
prospectus. There is no underwriter or coordinating broker acting in connection with the proposed sale of the resale shares by
the Selling Stockholder.

 

We agreed to keep this
prospectus effective until the earlier of (i) the date on which the shares may be resold by the Selling Stockholder without registration
and without regard to any volume limitations by reason of Rule 144(b)(ii) under the Securities Act or any other rule of similar
effect or (ii) all of the shares have been sold pursuant to this prospectus or Rule 144 under the Securities Act or any other rule
of similar effect. The resale shares will be sold only through registered or licensed brokers or dealers if required under applicable
state securities laws. In addition, in certain states, the resale shares may not be sold unless they have been registered or qualified
for sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied
with.

 

Under applicable rules
and regulations under the Exchange Act, any person engaged in the distribution of the resale shares may not simultaneously engage
in market making activities with respect to the common stock for the applicable restricted period, as defined in Regulation M,
prior to the commencement of the distribution. In addition, the Selling Stockholder will be subject to applicable provisions of
the Exchange Act and the rules and regulations thereunder, including Regulation M, which may limit the timing of purchases and
sales of shares of the common stock by the Selling Stockholder or any other person. We will make copies of this prospectus available
to the Selling Stockholder and have informed the Selling Stockholder of the need to deliver a copy of this prospectus to each purchaser
at or prior to the time of the sale (including by compliance with Rule 172 under the Securities Act).

 

    	 	11	 

     

    

 

Annex
B

 

PEERLOGIX, INC.

 

Selling Securityholder Notice and Questionnaire

 

The undersigned beneficial
owner of common stock (the “Registrable Securities”) of Peerlogix, Inc., a Delaware corporation (the “Company”),
understands that the Company has filed or intends to file with the Securities and Exchange Commission (the “Commission”)
a registration statement (the “Registration Statement”) for the registration and resale under Rule 415 of the
Securities Act of 1933, as amended (the “Securities Act”), of the Registrable Securities, in accordance with
the terms of the Registration Rights Agreement (the “Registration Rights Agreement”) to which this document
is annexed. A copy of the Registration Rights Agreement is available from the Company upon request at the address set forth below.
All capitalized terms not otherwise defined herein shall have the meanings ascribed thereto in the Registration Rights Agreement.

 

Certain legal consequences
arise from being named as a selling securityholder in the Registration Statement and the related prospectus. Accordingly, holders
and beneficial owners of Registrable Securities are advised to consult their own securities law counsel regarding the consequences
of being named or not being named as a selling securityholder in the Registration Statement and the related prospectus.

 

NOTICE

 

The undersigned beneficial
owner (the “Selling Securityholder”) of Registrable Securities hereby elects to include the Registrable Securities
owned by it in the Registration Statement.

 

 

 

 

 

 

    	 	12	 

     

    

 

The undersigned hereby provides the following
information to the Company and represents and warrants that such information is accurate:

 

QUESTIONNAIRE

 

	1.      Name.
	 	 	 
	 	(a)	Full
Legal Name of Selling Securityholder
	 	 	 
	 	 	 
	 	 	 
	 	(b)	Full
Legal Name of Registered Holder (if not the same as (a) above) through which Registrable Securities are held:
	 	 	 
	 	 	 
	 	 	 
	 	(c)	Full
Legal Name of Natural Control Person (which means a natural person who directly or indirectly alone or with others has power to
vote or dispose of the securities covered by the questionnaire):
	 	 	 
	 	 	 
	 	 	 

 

 

2.      Address for Notices to Selling
Securityholder: 

	 
	 
	 

 

Telephone:                                                                                                                                            

Fax:                                                                                                                                                         

Contact
Person:                                                                                                                                      

e-mail:                                                                                                                                                      

 

	3.       Broker-Dealer Status:
	 	 	 
	 	(a)	Are
you a broker-dealer?
	 	 	 
	 	 	Yes ☐                      No  ☐ 
	 	 	 
	 	(b)	If
“yes” to Section 3(a), did you receive your Registrable Securities as compensation for investment banking services
to the Company.
	 	 	 
	 	 	Yes  ☐                       No  ☐ 
	 	 	 
	 	Note:	If
no, the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement.
	 	 	 
	 	(c)	Are
you an affiliate of a broker-dealer?
	 	 	 
	 	 	Yes  ☐                       No  ☐ 
	 	 	 

 

 

    	 	13	 

     

    

 

	 	 
	 	(d)	If
you are an affiliate of a broker-dealer, do you certify that you bought the Registrable Securities in the ordinary course of business,
and at the time of the purchase of the Registrable Securities to be resold, you had no agreements or understandings, directly or
indirectly, with any person to distribute the Registrable Securities?
	 	 	 
	 	 	Yes  ☐                       No  ☐ 
	 	 	 
	 	Note:	If
no, the Commission’s staff has indicated that you should be identified as an underwriter in the Registration Statement.
	 	 	 
	4.      Beneficial Ownership of Other Securities of the Company Owned by the Selling Securityholder.
	 	 	 
	 	

Except as set forth below in this Item 4, the undersigned is not the beneficial or registered owner of any securities of the Company other than the securities issuable pursuant to the Purchase Agreement.

	 	 	 
	 	(a)	Type
and Amount of other securities beneficially owned by the Selling Securityholder:
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	5.      Relationships with the Company:
	 	 	 
	 	Except as set forth below, neither the undersigned nor any of its affiliates, officers, directors or principal
    equity holders (owners of 5% of more of the equity securities of the undersigned) has held any position or office or has had
    any other material relationship with the Company (or its predecessors or affiliates) during the past three years.
	 	 	 
	 	State any exceptions here:
	 	 	 
	 	 	 
	 	 	 

  

    	 	14	 

     

    

 

The undersigned agrees
to promptly notify the Company of any inaccuracies or changes in the information provided herein that may occur subsequent to the
date hereof at any time while the Registration Statement remains effective.

 

By signing below, the
undersigned consents to the disclosure of the information contained herein in its answers to Items 1 through 5 and the inclusion
of such information in the Registration Statement and the related prospectus and any amendments or supplements thereto. The undersigned
understands that such information will be relied upon by the Company in connection with the preparation or amendment of the Registration
Statement and the related prospectus.

 

IN WITNESS WHEREOF,
the undersigned, by authority duly given, has caused this Notice and Questionnaire to be executed and delivered either in person
or by its duly authorized agent.

 

	Dated: 	 	 	Beneficial Owner:	 
	 	 	 	 	 	 
	 	 	 	By:	 	 
	 	 	 	 	Name:	
	 	 	 	 	Title:	

 

 

PLEASE FAX A COPY OF THE COMPLETED AND
EXECUTED NOTICE AND QUESTIONNAIRE, AND RETURN THE ORIGINAL BY OVERNIGHT MAIL, TO:

 

 

 

 

    	 	15

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