<SEC-DOCUMENT>0001144204-15-002498.txt : 20150116
<SEC-HEADER>0001144204-15-002498.hdr.sgml : 20150116
<ACCEPTANCE-DATETIME>20150116082740
ACCESSION NUMBER:		0001144204-15-002498
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150113
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20150116
DATE AS OF CHANGE:		20150116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mandalay Digital Group, Inc.
		CENTRAL INDEX KEY:			0000317788
		STANDARD INDUSTRIAL CLASSIFICATION:	PATENT OWNERS & LESSORS [6794]
		IRS NUMBER:				222267658
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35958
		FILM NUMBER:		15531233

	BUSINESS ADDRESS:	
		STREET 1:		2811 CAHUENGA BOULEVARD WEST
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90068
		BUSINESS PHONE:		(323) 472-5461

	MAIL ADDRESS:	
		STREET 1:		2811 CAHUENGA BOULEVARD WEST
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90068

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NeuMedia, Inc.
		DATE OF NAME CHANGE:	20100514

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mandalay Media, Inc.
		DATE OF NAME CHANGE:	20071109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mediavest, Inc.
		DATE OF NAME CHANGE:	20050809
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v398878_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>WASHINGTON, DC 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM&nbsp;8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>CURRENT REPORT PURSUANT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>TO SECTION&nbsp;13 OR 15(d)&nbsp;OF THE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Date of report (Date of earliest event reported)&nbsp;<B>January
13, 2015</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Mandalay Digital Group, Inc. </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact Name of Registrant as Specified in
Its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Delaware</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 34%; text-align: center"><FONT STYLE="font-size: 10pt"><B>000-10039</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>22-2267658</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(State or Other Jurisdiction of Incorporation)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 67%; text-align: center"><FONT STYLE="font-size: 10pt"><B>2811 Cahuenga Blvd. West, Los Angeles, CA</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>90068</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(323) 472-5461
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Registrant&rsquo;s Telephone Number,&nbsp;Including
Area Code)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Former Name or Former Address, if Changed
Since Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Check the appropriate box below if the
Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(<I>see </I>General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule&nbsp;425 under
the Securities Act (17 CFR 230.425)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule&nbsp;14a-12 under
the Exchange Act (17 CFR 240.14a-12)</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under
the Exchange Act (17 CFR 240.14d-2(b))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Wingdings">&#168;</FONT></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c)&nbsp;under
the Exchange Act (17 CFR 240.13e-4(c))</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>


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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 5.02</B></TD><TD STYLE="text-align: justify"><B>Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">(b)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><U>Peter Adderton Resignation; Separation
Agreement</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On January 15, 2015, Peter Adderton, director of Mandalay Digital
Group, Inc. (the &quot;Company&quot;) since December 2011, tendered his resignation from the Company's board of directors (the
&quot;Board&quot;) effective as of January 16, 2015. Mr. Adderton also tendered his resignation as Chief Innovation Officer, a
post he has held since October 2014. Mr. Adderton confirmed that such resignation is not because of a disagreement with the Company
on any matter relating to its operations, policies or practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In connection with his resignation, the Company and Mr. Adderton
entered into a Separation Agreement on January 15, 2015. Other than a payment equal to one-half (1/2) the amount of Mr. Adderton&rsquo;s
unused vacation days and accrued but unpaid salary and reimbursable expenses through the separation date, no cash payment is being
or is required to be made under the Separation Agreement. The Separation Agreement also vested and terminated the repurchase rights
on 602,500 shares (subject to minor reduction) of issued and outstanding Company restricted common stock previously awarded to
Mr. Adderton pursuant to his 2011 Employment Agreement; provided, that 227,500 of such shares remain subject to repurchase rights
in connection with certain limited indemnities provided by Mr. Adderton. In addition, 250,000 stock options that could have vested
during the second year of Mr. Adderton&rsquo;s 2013 employment agreement were cancelled. Mr. Adderton waived all severance benefits
including bonus and incentive compensation contemplated by his 2013 Employment Agreement and any other agreement with the Company.
The Separation Agreement contains customary representations and covenants and provides for certain releases and indemnities by
Mr. Adderton. &#9;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The parties also entered into a Lock-Up Agreement which covers
all shares of Company stock (or vested options) owned by Mr. Adderton. <FONT STYLE="font-size: 10pt">The Lock-Up Agreement expires,
subject to certain exceptions, as follows: If the Appia transaction is consummated on or before April 30, 2015 (or, if Appia and
the Company have mutually agreed to extend the outside date to consummate the transaction, on or before the extended date by which
the transaction is consummated, but not later than May 31, 2015), then the Lock-Up Agreement will expire six (6) months after such
date of consummation; and if the Appia transaction has not been consummated on or before May 31, 2015, then the Lock-Up Agreement
will expire at midnight on May 31, 2015; provided, that the Lock-Up Agreement will expire as to 400,000 shares of Company common
stock currently held by Mr. Adderton upon the earlier to occur of (x) seven (7) days after the consummation of the Appia transaction
and (y) two trading days after the Company&rsquo;s public announcement of revenue guidance with respect to the Company and Appia
on a combined basis.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing is a summary only and does not purport to be a
complete description of all of the terms, provisions, covenants, and agreements contained in the Separation Agreement, and is subject
to and qualified in its entirety by reference to the Separation Agreement attached hereto as exhibit 10.1 to this Current Report
on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><U>William G. Stone III Appointment</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Effective January 16, 2015, William
Stone, who became the Company's Chief Executive Officer in October 2014, will join the Board to fill the vacancy created by Mr.
Adderton's resignation from the Board. Mr. Stone's term will end as of the Company&rsquo;s 2015 annual meeting of stockholders
and he has been nominated for re-election by our stockholders at the annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">There are no arrangements or understandings
between Mr. Stone and any other persons pursuant to which Mr. Stone was selected as a director except that Mr. Stone was named
as a new director-elect in our preliminary proxy statement filed with the Securities and Exchange Commission on December 3, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">(d)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">The disclosure in Item 5.02(b) above
entitled &quot;William Stone Appointment&quot; is incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 5.03</B></TD><TD STYLE="text-align: justify"><B>Amendment to Articles of Incorporation or Bylaws;
Change in Fiscal Year.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">On January 13, 2015, the Company filed with the Secretary of
State of the State of Delaware a Certificate of Amendment of Certificate of Incorporation, as amended, to change its name from
Mandalay Digital Group, Inc. to Digital Turbine, Inc. The name change is effective as of 12:01&nbsp;a.m. on January 20, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.75in; text-align: left"><B>Item 9.01</B></TD><TD STYLE="text-align: justify"><B>Financial Statements and Exhibits.</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: center"><B>Exhibit<BR>
 No.</B></TD>
    <TD STYLE="width: 2%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 88%; border-bottom: Black 1pt solid; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Certificate of Amendment of Certificate of Incorporation, as amended, filed with the Secretary of State of the State of Delaware on January 13, 2015.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>Separation Agreement between Mandalay Digital Group, Inc. and Peter A. Adderton entered into as of January 15, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Mandalay Digital Group, Inc.</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dated: January 16, 2015</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT>&nbsp;&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ Andrew Schleimer</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Andrew Schleimer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Executive Vice President and Chief Financial Officer</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; text-align: center"><B>Exhibit<BR>
 No.</B></TD>
    <TD STYLE="width: 2%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 88%; border-bottom: Black 1pt solid; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">3.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Certificate of Amendment of Certificate of Incorporation, as amended, filed with the Secretary of State of the State of Delaware on January 13, 2015.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">10.1</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>Separation Agreement between Mandalay Digital Group, Inc. and Peter A. Adderton entered into as of January 15, 2015</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<DOCUMENT>
<TYPE>EX-3.1
<SEQUENCE>2
<FILENAME>v398878_ex3-1.htm
<DESCRIPTION>EXHIBIT 3.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 3.1</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CERTIFICATE OF AMENDMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">CERTIFICATE OF INCORPORATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">OF</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-variant: small-caps"><U>Mandalay
Digital Group, Inc.</U></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">a Delaware corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mandalay Digital Group, Inc., a corporation
organized and existing under the laws of the State of Delaware (the &quot;<B><I>Company</I></B>&quot;), hereby certifies as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.&#9;Mandalay Digital Group, Inc. was incorporated
under the name of Mandalay Media, Inc., and its original Certificate of Incorporation was filed with the Delaware Secretary of
State on September 14, 2007.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.&#9;On May 12, 2010, Mandalay Media, Inc.
filed a Certificate of Ownership pursuant to which it merged with its wholly-owned subsidiary, NeuMedia, Inc., and assumed the
name NeuMedia, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.&#9;On February&nbsp;6, 2012, NeuMedia,
Inc. filed a Certificate of Ownership pursuant to which it merged with its wholly-owned subsidiary Mandalay Digital Group, Inc.
and assumed the name Mandalay Digital Group, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">4.&#9;Article FIRST of the Certificate of
Incorporation of the Company is hereby amended to read in full as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&quot;The name of this corporation
is Digital Turbine, Inc.&quot;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">5.&#9;The foregoing amendment has been duly
adopted in accordance with the provisions of Section 242 of the Delaware General Corporation Law, by approval of the board of directors
of the Company by unanimous written consent on December 19, 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">6.&#9;The effective date and time of this
Certificate of Amendment of Certificate of Incorporation shall be 12:01 a.m. on January 20, 2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the Company has caused
this Certificate of Amendment of Certificate of Incorporation to be duly executed by its authorized officer this 9th day of January,
2015.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Mandalay Digital Group, Inc.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 51%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 1%"><FONT STYLE="font-size: 10pt">By:&nbsp;&nbsp; </FONT></TD>
    <TD STYLE="width: 48%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt">/s/ Andrew Schleimer</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Andrew Schleimer, EVP, CFO</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>v398878_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0; text-align: right"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SEPARATION AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This SEPARATION AGREEMENT (the &ldquo;<B><U>Agreement</U></B>&rdquo;)
is entered into as of January 15, 2015 by and between Mandalay Digital Group, Inc. (the &ldquo;<B><U>Company</U></B>&rdquo;) and
Peter A. Adderton (&ldquo;<B><U>Adderton</U></B>&rdquo;), with reference to the following recitals:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">A.&#9;The Company&rsquo;s October 1, 2013 Employment Agreement
with Adderton (the &ldquo;<B><U>2013 Agreement</U></B>&rdquo;) contemplated a change in his responsibilities from being the Chief
Executive Officer, a position he held since late 2011, to being the Chief Innovation Officer after the one year anniversary of
the 2013 Agreement, which transition occurred on such date with the consent of all parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">B.&#9;Adderton has resigned from the Board of Directors
of the Company effective as of January 16, 2015, and the Company and Adderton believe that Adderton&rsquo;s services as Chief Innovation
Officer will not be necessary due to the technical and managerial resources acquired in the recent XYO acquisition and those expected
to be acquired in the pending Appia, Inc. (&ldquo;<B><U>Appia</U></B>&rdquo;) acquisition disclosed in the Company&rsquo;s Current
Report on Form 8-K dated November 17, 2014 and amended on November 18, 2014 (the &ldquo;<B><U>Appia Transaction</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">C.&#9;Accordingly, on the terms and conditions herein, the
Company and Adderton both wish to provide for Adderton&rsquo;s separation of employment on the terms and conditions set forth herein,
including the vesting of already issued and outstanding restricted shares as further specified herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">NOW, THEREFORE, for good and valuable consideration
and the mutual covenants and agreements contained herein, and intending to be legally bound, the Company and Adderton hereby agree
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 1&#9;<U>Separation Terms</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.1&#9;<U>Termination of Employment</U>. Adderton's employment
with the Company shall terminate, and Adderton shall cease to be an employee and/or officer of the Company and its subsidiaries,
effective as of the date first written above (the &quot;<B><U>Separation Date</U></B>&quot;). Adderton shall receive payment for
(i) all salary earned but unpaid through the Separation Date, (ii) reimbursement of any unpaid reimbursable expenses incurred by
Adderton through the Separation Date as determined by the Company in accordance with its normal policies, and (iii) an amount of
cash equal to one-half (1/2) of Adderton&rsquo;s aggregate accrued but unused/unpaid vacation as determined in good faith by the
Company in accordance with its normal policies, all of which amounts shall be paid to Adderton in a lump-sum cash payment within
one business day following the Separation Date. In addition, on September 30, 2014, Adderton vested into 250,000 common stock options
granted on the date he entered the 2013 Agreement, however the additional 250,000 common stock options that could have vested in
the second year of the term of the 2013 Agreement are forfeited effective on the Separation Date. From and after the date hereof,
the provisions of this Agreement shall supersede and replace the provisions of Section 7(a) of the 2013 Agreement. Adderton agrees
that the cash and non-cash consideration he is receiving under this Agreement constitutes full payment and satisfaction of any
and all accrued but unused or unpaid vacation he may be entitled to by contract or law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.2&#9;<U>Termination of Employment Agreement</U>. As of
the Separation Date, the 2013 Agreement shall automatically terminate under Section 7(c) thereof (and not under Section 7(b)) and
shall be of no further force and effect, and neither the Company nor Adderton shall have any further obligations thereunder; <U>provided,
however</U>, that the Company's obligation to pay the accrued obligations set forth in Section 1.1 above and Adderton's obligations
referenced in Section 3.4 hereof shall survive such termination of the 2013 Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.3&#9;<U>Waiver of Severance Benefits</U>. Adderton waives
irrevocably all termination, severance and acceleration of vesting benefits and all bonuses and incentive compensation arising
under the 2013 Agreement, whether relating to any period before or after the Separation Date or in connection with the termination
of employment contemplated hereby, and agrees that neither any &ldquo;Termination Benefits&rdquo; (as defined in the 2013 Agreement),
nor any bonus or incentive compensation (under Section 4(b) of the 2013 Agreement or otherwise), nor any additional vesting of
equity or lapse or repurchase rights, is, are or will be due or payable to him under any section, part, annex, schedule, exhibit
or interpretation of the 2013 Agreement or under any other contract, arrangement or agreement that may be, or may alleged to be,
in effect between Adderton and the Company or any of its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.4.&#9;<U>Lock-Up Agreement</U>. Effective on the Separation
Date, the Company and Adderton are entering into a Lock-Up Agreement in the form of <U>Exhibit A</U> hereto (the &ldquo;<B><U>Lock-Up
Agreement</U></B>&rdquo;), which covers all shares of Company common stock owned by Adderton or which could be acquired upon exercise
of outstanding options, warrants or convertible securities. The Lock-Up Agreement shall expire as follows: If the Appia Transaction
is consummated on or before April 30, 2015 (or, if Appia and the Company have mutually agreed to extend the outside date to consummate
the Appia Transaction, on or before the extended date by which the Appia Transaction is consummated, but not later than May 31,
2015), then the Lock-Up Agreement shall expire six (6) months after such date of consummation; and if the Appia Transaction has
not been consummated on or before May 31, 2015, then the Lock-Up Agreement shall expire at midnight on May 31, 2015; <U>provided</U>,
that, if earlier, the Lock-Up Agreement shall expire as to 400,000 shares of Company common stock currently held by Adderton upon
the earlier to occur of (x) seven (7) days after the consummation of the Appia Transaction and (y) two trading days after the Company&rsquo;s
public announcement of revenue guidance with respect to the Company and Appia on a combined basis. All shares subject to Lock-Up
Agreement will bear an appropriate legend to that effect and the Company may impose customary stop orders in connection with the
Lock-Up Agreement, in addition to any other legend the Company determines is required by applicable securities laws. Notwithstanding
anything to the contrary contained in this Agreement or the Lock-Up Agreement, (i) the Lock-Up Agreement shall supersede and replace
any and all lock-up or similar agreements to which Adderton and the Company are a party (including any lock-up contained in the
2013 Agreement), (ii) the Lock-Up Agreement shall terminate and be of no further force and effect upon the occurrence of either
of (A) a Change of Control (as defined in Section 3(e) of the 2013 Agreement) or (B) the release of any officer or director of
the Company or any shareholder of Appia from any lock-up agreement or similar restrictions currently applicable to them with respect
to Company common stock. In the event that the terms of the Lock-Up Agreement contradict or are inconsistent with the terms of
this Agreement, the terms of this Agreement shall govern.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.5&#9;<U>Totality of Benefits and Compensation</U>. Excepting
only such compensation and benefits as may be due to Adderton expressly set forth herein, Adderton acknowledges receipt of all
compensation and benefits, including compensation for any accrued but unused vacation time, and any and all incentive, bonus or
other compensation, due him through the Separation Date as a result of services performed for the Company with the receipt of a
final paycheck. Adderton agrees no other amounts (cash, stock or other), whether within or outside of the employment context, are
due to him from the Company or its subsidiaries, including any amounts under the DT Sale defined below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.6&#9;<U>Company Cooperation</U>. The Company agrees to
reasonably cooperate with Adderton in connection with routine Rule 144 sales or privately negotiated sales of shares of Company
common stock by Adderton owned as of the date hereof (or that he obtains upon exercise of warrants or options he owns as the date
hereof) that are not in violation of the terms of this Agreement or applicable law. Such reasonable cooperation shall include,
without limitation, using reasonable efforts to cause the Company&rsquo;s counsel (or other person acceptable to the Company&rsquo;s
transfer agent) to deliver to the Company's transfer agent within a reasonably prompt time after a written request by Adderton
or his broker containing all items customarily required for a Rule 144 sale by a former shell company, such legal opinions and
other certifications as the Company typically provides in these situations. In the case of privately negotiated sales, such cooperation
is limited to normal assistance with the Company&rsquo;s transfer agent and like process and mechanical matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1.7&#9;<U>Resignation from the Board</U>. Adderton confirms
he hereby resigns, effective January 16, 2015, from the Board of Directors of the Company, and from the Board of Directors of any
subsidiary of the Company, effective on the Separation Date. Adderton also confirms that such resignation is not because of a disagreement
with the Company on any matter relating to its operations, policies or practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 2.&#9;<U>Release Consideration; Confirmation of
Equity Ownership</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.1&#9;<U>Release Consideration Shares</U>. As full and
complete consideration for the release granted by Adderton in Section 3 below, the Company hereby immediate vests (and terminates
the associated repurchase rights with respect to) the six hundred two thousand five hundred (602,500) (originally 3,012,500 shares,
then adjusted by a 5 into 1 reverse split) shares of Company common stock minus the Offset Shares (the &ldquo;<B><U>Final Restricted
Shares</U></B>&rdquo;) that Adderton received on a restricted basis under Section 4 (e)(iii) of that certain Employment Agreement
with the Company dated December 28, 2011 (the &ldquo;<B><U>2011 Agreement</U></B>&rdquo;); provided, however that two hundred twenty
seven thousand five hundred (227,500) of the Final Restricted Shares shall not be immediately vested and instead shall remain unvested
and subject to the repurchase rights in favor of the Company that originally applied to such shares, and such shares shall remain
in the custody of the Company as security for the indemnity provided for in Section 3.12 below (the &ldquo;<B><U>Indemnity Shares</U></B>&rdquo;).
The Indemnity Shares shall become immediately vested (and all associated repurchase rights with respect thereto shall lapse) promptly
after the end of the Extended Vesting Period (as defined in Section 3.12). The Final Restricted Shares other than the Indemnity
Shares shall be delivered to Adderton&rsquo;s custody (if not already in his custody) a reasonable time (but not later than 10
days) following the Separation Date. For avoidance of doubt, the Final Restricted Shares shall not consist of any newly issued
shares but shall consist solely of the restricted shares (with the restrictions removed as provided in this Section 2.1) already
issued and outstanding pursuant to Section 4(e)(iii) of the 2011 Agreement. The &ldquo;<B><U>Offset Shares</U></B>&rdquo; shall
mean a number of shares that would otherwise have been Final Restricted Shares determined by dividing the Offset Amount by the
volume weighted average closing price of the Company&rsquo;s common stock on the Nasdaq Capital Market during the ten (10) trading
days immediately prior to the Separation Date, as reasonably calculated by the Company. The &ldquo;<B><U>Offset Amount&rdquo;</U></B>
shall mean the sum of the following, all as reasonably calculated by the Company: (i) an amount equal to one-half (1/2) of Adderton&rsquo;s
aggregate accrued but unused/unpaid vacation through the Separation Date and (iii) to the extent the deemed payment of accrued
vacation under this Agreement is for any reason ineffective, and without duplication of clause (i) of this definition, any amounts
that the Company is required to pay and does pay Adderton in respect of accrued but unused vacation over and above the consideration
provided for in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.2.&#9;<U>Nature of Vesting; Offset Shares</U>. Adderton
agrees with the Company (i) that the &ldquo;Measurement Period&rdquo; as defined in the 2011 Agreement expired on December 28,
2013, (ii) that during the &ldquo;Measurement Period&rdquo; neither the performance milestone for the vesting of the Final Restricted
Shares nor the performance milestone for award of the bonus referred to in Section 4(f) of the 2011 Agreement were achieved and
(iii) accordingly, that the Company is not, was not and will not be obligated under the 2011 Agreement, the 2013 Agreement or any
other contract, arrangement or agreement or otherwise to (X) vest (or remove repurchase rights from) the Final Restricted Shares,
but that the Company is doing so on a discretionary basis only as consideration for the release granted in Section 3, or (Y) to
pay the bonus referred to in Section 4(f) of the 2011 Agreement, which bonus and all claims or rights thereto has not been earned
and are forfeited by Adderton. For avoidance of doubt, the Offset Shares are forfeited.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.3.&#9;<U>Confirmation of Equity Ownership</U>. Adderton
and the Company agree that Schedule 2.3 to this Agreement is a complete and accurate list, as of the Separation Date, of all of
the stock, stock options and warrants owned (beneficially, legally or otherwise) by or on behalf of Adderton and all agreements
between the Company and Adderton related to compensation, incentive equity or bonuses. Such list reflects, among other things,
the vesting of the Final Restricted Shares as provided herein, the vesting of 250,000 common stock options granted under the 2013
Agreement and the forfeiture of the second 250,000 common stock options that could have vested in the second year of the 2013 Agreement.
Adderton represents he has no other equity or equity linked interests in the Company or its subsidiaries, nor any options, warrants
or rights to receive any of the same, or any right to profits or revenues of the Company or its subsidiaries, except as set forth
on Schedule 2.3. All stock, options and warrants Adderton owns shall, except solely for the acceleration provided for in Section
2.1, remain subject to its existing terms, including the expiration date of options and warrants and the last day on which options
may be exercised following the Separation Date, which shall be deemed a termination of employment for purposes of marking the start
of any such period for exercise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2.4&#9;<U>Confirmation Regarding Intellectual Property</U>.
In furtherance, and not limitation, of existing agreements, Adderton confirms he has no right, title or interest in any of the
intellectual property (whether based on patents, copyrights, trademarks, trade secret or otherwise) used in or by the Company and
its subsidiaries, including DT, or that constitutes any part of their business, operations or assets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Section 3.&#9;<U>Releases and Miscellaneous Provisions</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.1&#9;<U>Cooperation</U>. Adderton agrees reasonably to
cooperate with the Company, at reasonable times that are mutually agreed to by Adderton and the Company, with respect to making
himself available to provide information that pertains to subject areas for which Adderton had responsibility while employed by
the Company for a nine (9) month period after Adderton&rsquo;s execution of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.2&#9;<U>No Admission of Liability</U>. This Agreement
does not constitute an admission of any kind by Adderton or the Company. Adderton acknowledges that neither this Agreement nor
anything contained herein shall be admissible in any proceeding as evidence of or an admission by the Company of any wrongdoing
or violation of its policies and procedures, or of any law or regulation. Notwithstanding the foregoing, this Agreement may be
introduced into a proceeding solely for the purpose of enforcing this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.3&#9;<U>Release of Known and Unknown Claims</U>. In exchange
for the agreements contained in this Agreement, Adderton unconditionally and forever releases and discharges the Company, and the
Company&rsquo;s affiliated, related, parent and subsidiary corporations, as well as the Company&rsquo;s and their respective attorneys,
agents, representatives, partners, joint venturers, investors, successors, assigns, insurers, owners, employees, officers and former
officers, directors and former directors (including current and former chairmen and executive chairmen), (hereinafter the &ldquo;<B><U>Releasees</U></B>&rdquo;)
from any and all claims, actions, causes of action, demands, rights, or damages of any kind or nature which he may now have, or
ever have, whether known or unknown, including any claims, causes of action or demands of any nature arising on or before the date
of the execution of this Agreement (&ldquo;<B><U>Claims</U></B>&rdquo;); provided, however, that in no case shall the Claims released
under this Agreement be deemed to include (i) any right or remedy that Adderton may have under the terms of this Agreement or (ii)
any rights to indemnification that Adderton may have under the Delaware General Corporation Law, Section 19 of the 2013 Agreement
or under any indemnification agreement between Adderton and the Company regarding, relating to or arising out of his service as
an employee, officer, director or agent of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This release specifically
includes, but is not limited to, any Claims for fraud or fraudulent inducement; breach of contract; breach of implied covenant
of good faith and fair dealing; inducement of breach; interference with contract; tortious denial of contract; interference with
proprietary interests; wrongful or unlawful discharge or demotion; violation of public policy; securities violations; breach of
duty; assault and battery (sexual or otherwise); invasion of privacy; intentional or negligent infliction of emotional distress;
intentional or negligent misrepresentation; conspiracy; negligence; negligent retention; defamation; invasion of privacy; failure
to pay wages, benefits, vacation pay, severance pay, attorneys&rsquo; fees, or other compensation of any sort; retaliation, discrimination
or harassment on the basis of age, race, color, sex, gender, national origin, ancestry, religion, disability, handicap, medical
condition, marital status, sexual orientation or any other protected category; failure to accommodate, engage in the interactive
process or prevent discrimination, harassment and/or violation of any statutes, regulations or ordinances; any claim under Title
VII of the Civil Rights Act of 1964, as amended, the Family and Medical Leave Act, the Americans with Disabilities Act, the California
Fair Employment and Housing Act, the California Labor Code, the California Penal Code, or Section 1981 of Title 42 of the United
States Code; violation of COBRA; violation of any safety and health laws, statutes or regulations; violation of Constitutional
rights; violation of ERISA; application or violation of the Internal Revenue Code; any other wrongful conduct, based upon events
occurring prior to the date of execution of this Agreement; or any matter or Claim related to any business or other transaction
between the Company and Adderton, including, without limitation, the sale of Digital Turbine Group, LLC (&ldquo;<B><U>DT</U></B>&rdquo;)
to the Company&rsquo;s affiliate pursuant to the December 28, 2011 Asset Purchase Agreement and related agreements and the fairness,
adequacy or terms of such agreements and transactions or any breach of such agreements or any promises made to induce such agreements
or transactions (the &ldquo;<B><U>DT Sale</U></B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Adderton further agrees
that he is expressly waiving and relinquishing all rights and benefits afforded Section 1542 of the California Civil Code, and
does so understanding and acknowledging the significance and consequences of such specific waiver of Section 1542. Adderton acknowledges
that he is familiar with the provisions of California Civil Code Section 1542, which reads:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 1.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1in 0pt 1.5in; text-align: justify">A GENERAL RELEASE DOES NOT
EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE,
WHICH, IF KNOWN BY HIM OR HER, MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Thus, notwithstanding
the provisions of Section 1542, for the purpose of implementing a full and complete release of all claims, Adderton expressly acknowledges
that this Agreement is also intended to include in its effect, without limitation, all claims which he does not know, expect or
suspect to exist in his favor at the time of execution hereof, and that this Agreement contemplates the extinguishment of any such
claim or claims.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">This release of claims
shall be construed as broadly as possible under applicable law but shall not include any claim the release of which would violate
California or federal statutory law or the public policy of the State of California.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Nothing in this release
of claims shall be construed as prohibiting Adderton from making a future claim with the Equal Employment Opportunity Commission
or any similar state agency including, but not limited to the California Department of Fair Employment and Housing <U>provided,
however</U>, that should Adderton pursue such an administrative action against the Releasees, Adderton agrees and acknowledges
that he will not seek, nor shall he be entitled to recover, any monetary damages from any such proceeding.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Adderton covenants never
to sue or arbitrate or threaten to sue or arbitrate, on or under or based on any Claim that is released by the above release.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">There are no third party
beneficiaries of this Agreement, except as provided in the next sentence. Only the Company may enforce, or a permit or deny in
its sole discretion a third party to enforce, any provision of the releases contained herein, even if a person or entity is a specifically
named or identified Releasee; <U>provided, however</U>, the current members of the board of the Company in office on the date immediately
after the date hereof, and current officers of the Company in office on the date immediately after the date hereof, are the only
intended third party beneficiaries of the releases and covenants not to sue contained herein; <U>provided, further</U>, that such
third party beneficiaries shall reasonably cooperate with the Company in any such enforcement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Adderton represents and
warrants that he has not assigned or granted any rights to acquire any Claim released hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Adderton represents and
warrants that Adderton has filed no claims, lawsuits, charges, grievances, or causes of action of any kind against the Company
and/or the Releasees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 0in"><U>OWBPA/ADEA WAIVER AND NOTICE</U>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(a)&#9;Adderton, in consideration
of this Agreement, agrees and acknowledges that this Agreement constitutes a knowing and voluntary waiver and release of all rights
or claims Adderton has or may have against the Company and/or any of the Releasees as set forth herein, including, but not limited
to, all rights or claims arising under the Age Discrimination in Employment Act of 1967, as amended (&ldquo;<B><U>ADEA</U></B>&rdquo;),
including, but not limited to, all claims of age discrimination in employment and all claims of retaliation in violation of the
ADEA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(b)&#9;Adderton has read the terms
of this Agreement, and Adderton understands its terms and effects, including the fact that Adderton agreed to release and forever
discharge the Company and each of the Releasees from any claims released above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(c)&#9;Adderton understands that,
by entering into this Agreement, Adderton does not waive rights or claims that may arise after the date of Adderton&rsquo;s execution
of this Agreement, including without limitation any rights or claims that Adderton may have to secure enforcement of the terms
and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(d)&#9;Adderton has signed this
Agreement voluntarily and knowingly in exchange for the consideration described in this Agreement, which Adderton acknowledges
is adequate and satisfactory to Adderton and which Adderton acknowledges is in addition to any other benefits to which Adderton
is otherwise entitled;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(e)&#9;Adderton acknowledges that
(i) Adderton has consulted with or has had the opportunity to consult with independent counsel of Adderton's own choice concerning
this Agreement and has been advised to do so by the Company, and (ii) Adderton has read and understands the Agreement, is fully
aware of its legal effect, and has entered into it freely on the date set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(f)&#9;Adderton acknowledges that
Adderton was informed that Adderton has a full twenty one (21) days in which to review and consider this Agreement. To the extent
that Adderton chooses to sign this Agreement in less than twenty-one (21) days, Adderton acknowledges that Adderton had sufficient
time to consider the Agreement and to consult with counsel and that Adderton does not desire additional time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(g)&#9;Adderton may revoke this
Agreement within seven (7) days from the date Adderton signs this Agreement, in which case this Agreement will be null and void
and of no force or effect on either the Company or Adderton. Any revocation must be in writing and sent to the Secretary of the
Company at the Company&rsquo;s principal executive office, on or before the close of business on the seventh day after this Agreement
is executed by Adderton.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.5in">(h)&#9;Adderton represents and
agrees that he is entering into this Agreement knowingly and voluntarily. Adderton affirms that no promise or inducement was made
to cause him to enter into this Agreement, other than as set forth expressly herein. Adderton further confirms that he has not
relied upon any other statement or representation by anyone other than what is in this Agreement as a basis for his agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">3.4&#9;<U>Surviving
Covenants in Prior Agreements</U>. Adderton hereby acknowledges and agrees that Adderton is bound by certain covenants set forth
in Section 8 and Section 23 of the 2013 Agreement. Notwithstanding anything contained in this Agreement, Adderton hereby reaffirms
the covenants and provisions set forth in Section 8 and Section 23 of the 2013 Agreement, acknowledges and agrees that the provisions
of Section 8 and Section 23 of the 2013 Agreement shall survive the termination of Adderton's employment with the Company and shall
remain in full force and effect, for the period set forth therein (or if there is no period, as long as required by law). Notwithstanding
anything contained in this Agreement, the Company hereby reaffirms the covenants and provisions set forth in Section 19 of the
2013 Agreement, acknowledges and agrees that the provisions of Section 19 of the 2013 Agreement shall survive the termination of
Adderton's employment with the Company and shall remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.5&#9;<U>Taxes/Withholdings</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&#9;(i)&#9;The
Company may withhold from any amounts or consideration payable or due or benefits provided under this Agreement such Federal, state,
local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&#9;(ii)&#9;Adderton
acknowledges he understands or has been advised by experienced tax counsel as the tax implications of this Agreement, including
that the grant of shares pursuant to the Consulting Agreement will be income to him for US federal tax purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">(iii)&#9;The
parties agree that Adderton's separation from the Company is a &quot;separation from service&quot; as defined in Section1.409A-1(h)(ii)
of the Treasury regulations adopted pursuant to the Internal Revenue Code of 1986, as amended (the &quot;Code&quot;). This Agreement
is intended by the parties and shall be interpreted in a manner so that any amount or benefit payable hereunder shall be paid or
provided in accordance with Section 409A of the Code, and Treasury regulations thereunder. The tax treatment of the amounts or
benefits payable pursuant to this Agreement, however, is not warranted or guaranteed. Neither the Company nor its directors, officers,
employees or advisers shall be liable for any taxes, interest, penalties or other monetary amounts owed by Adderton, including
but not limited to the application of Section 409A of the Code. Notwithstanding anything to the contrary in this Agreement, if,
prior to payment, any amount or benefit payable under this Agreement is determined to constitute non-exempt deferred compensation
for purposes of Section 409A of the Code by reason of Adderton's separation from service during a period in which he is a &quot;specified
employee&quot; (as defined by Code Section 409A and the final regulations thereunder), then any such amounts that would otherwise
be payable during the six-month period following Adderton's separation from service will be accumulated through and paid or provided
on the first day of the seventh month following Adderton's separation from service (or, if Adderton dies during such period, within
30 days after Adderton's death), in a lump sum amount equal to the cumulative amount that would have otherwise been payable to
Adderton during such period. If, subsequent to payment, it is determined that any amount or benefit paid under this Agreement constituted
non-exempt deferred compensation for purposes of Section 409A, Adderton shall have sole responsibility for any and all additional
tax obligations that may result from such a determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.6&#9;<U>Governing
Law And Binding Arbitration</U>. This Agreement shall be construed under the laws of the State of California, both procedural and
substantive. Any and all disputes or claims arising out of or in any way related to this Agreement, including, without limitation,
fraud in the inducement of this Agreement, or relating to the general validity or enforceability of this Agreement, shall be submitted
to final and binding arbitration before an arbitrator of JAMS in Los Angeles, California, in accordance with the rules of that
body governing employment disputes, and the prevailing party shall be entitled to reasonable costs and attorney&rsquo;s fees. Judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof and each party submits to the personal
jurisdiction of the state and federal courts of the State of California for such purpose and to compel arbitration. If any portion
of this Agreement is found to be illegal or unenforceable, such action shall not affect the validity or enforceability of the remaining
paragraphs or subparagraphs of this Agreement. By submitting a dispute to arbitration, the parties hereto understand that they
will not enjoy the benefits of a jury trial. Accordingly, the parties hereto expressly waive the right to a jury trial. The arbitration
requirement does not prohibit the Company from exercising its right to pursue injunctive relief or other provisional remedies provided
under the law in any court having competent jurisdiction. This arbitration clause takes precedence over any other arbitration clause
that may exist between the parties with respect to the subject matter of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.7&#9;<U>Waiver</U>.
The failure to enforce any provision of this Agreement shall not be construed to be a waiver of such provision or to affect the
validity of this Agreement or the right of any party to enforce this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.8&#9;<U>Modification</U>.
No amendments to this Agreement will be valid unless written and signed by Adderton and an authorized representative of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.9&#9;<U>Severability</U>.
If any sentence, phrase, paragraph, subparagraph or portion of this Agreement is found to be illegal or unenforceable, such action
shall not affect the validity or enforceability of the remaining sentences, phrases, paragraphs, subparagraphs or portions of this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.10&#9;<U>Ambiguities</U>.
Both parties have participated in the negotiation of this Agreement and, thus, it is understood and agreed that the general rule
that ambiguities are to be construed against the drafter shall not apply to this Agreement. In the event that any language of this
Agreement is found to be ambiguous, each party shall have an opportunity to present evidence as to the actual intent of the parties
with respect to any such ambiguous language.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.11&#9;<U>Entire
Agreement/Integration</U>. This Agreement and any confidentiality, proprietary information, or inventions agreements signed by
Adderton during his employment with the Company (all of which survive the termination of the employment relationship) constitute
the entire agreement between Adderton and the Company concerning the terms of Adderton&rsquo;s employment with and separation from
the Company and the compensation related thereto and any Claims by Adderton related to the DT Sale. No covenants, agreements, representations,
or warranties of any kind have been made to any party hereto, except as contained herein. All prior discussions and negotiations
have been and are merged and integrated into, and are superseded by, this Agreement; <U>provided, however</U>, nothing in this
Section 3.11 is intended to limit or constitute a waiver or release of any of Adderton's rights to indemnification under any existing
directors and officers indemnification agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.12&#9;<U>Indemnities</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&#9;(a)&#9;Adderton
hereby indemnifies and holds harmless<B> </B>the Company and the Releasees from any damage, loss, expense, diminution in value,
cost, Claim (including claim for cash, stock or the vesting of stock) and attorney&rsquo;s fees (&ldquo;<B><U>Losses</U></B>&rdquo;)
arising out of or connected to or based upon (A) the DT Sale, from, through or by or on behalf of (i) any person or entity who
worked for or with DT prior to its acquisition by the Digital Turbine USA, Inc. (a subsidiary of the Company), (ii) the members
of DT, (iii) any person or entity who received or claims a right to receive equity, stock (restricted or other) or other consideration
or payments in connection with or anticipation of the DT Sale (including if such equity, stock or consideration or the vesting
thereof was dependent on future performance or valuation of the Company after the DT Sale), whether or not such person was employed
by DT or (iv) any affiliates of the foregoing persons or entities (a &ldquo;<B><U>DT Claim</U></B>&rdquo;), and including all Claims
in connection with restricted stock received in the DT Sale and the vesting or repurchase rights related thereto, including each
and every potential vesting tranche thereof and/or (B) whether or not related to the DT Sale, any Claim brought at any time by
Adderton or any affiliate of Adderton related to any intellectual property used by the Company or its subsidiaries that may be
claimed by Adderton or such affiliate (an &ldquo;<B><U>IP Claim</U></B>&rdquo;). The Company must give Adderton notice of any DT
Claim or IP Claim that is asserted against, imposed upon or incurred by it and that may give rise to liability to the Company pursuant
to this section, stating (to the extent known or reasonably anticipated) the nature and basis of such claim and the amount thereof;
provided that the failure to give such notice shall not affect the rights of the Company hereunder except to the extent that Adderton
shall have been actually prejudiced by reason of such failure. If Adderton (i) agrees in writing to assume responsibility for all
indemnifiable losses arising out of such claim (with no reservation of any rights) and (ii) demonstrates to the Company in writing
Adderton&rsquo;s financial ability to provide full indemnification with respect to such claim (including the ability to post any
bond required), then Adderton shall have the right to undertake, by counsel of its own choosing (which shall be reasonably satisfactory
to the Company), the defense of such claim at Adderton&rsquo;s sole risk and expense. If Adderton controls the defense of any such
claim, Company will be entitled to participate in the defense of such claim and to employ counsel of its choice for such purpose
(it being understood that the fees and expenses of such separate counsel will be borne solely by the Company, other than fees and
expenses of such separate counsel (x) that are incurred prior to the date Adderton effectively assumes control of such defense
and (y) retained because a conflict of interest exists between the Adderton and the Company, each of which, notwithstanding the
foregoing, shall be borne by the Adderton). In the event that (i) Adderton shall elect not to undertake such defense; (ii) Adderton
shall fail to undertake to defend such claim, or diligently pursue or maintain such defense, within thirty (30) days after delivery
of notice by the Company of such claim; (iii) such claim seeks an injunction or equitable relief or involves a criminal or quasi-criminal
proceeding, action, indictment, allegation or investigation, or involves a governmental entity; (iv) it could reasonably be expected
that such claim may materially and adversely affect the Company (as determined by the Company in good faith) other than solely
as a result of money damages or other money payments; or (v) the Company reasonably concludes that Adderton and the Company have
conflicting interests with respect to such claim, then the Company (upon further notice to Adderton) shall have the right to undertake
the defense, compromise and/or settlement of such claim, by counsel of its own choosing, on behalf of and for the sole account
and risk of Adderton. In the event that the Company so undertakes the defense of such a claim, Adderton shall pay to the Company,
in addition to all other amounts required to be paid hereunder, the reasonable costs and expenses (including reasonable attorneys&rsquo;
fees) incurred by the Company in connection with the defense, compromise and/or settlement thereof as and when such costs and expenses
are so incurred. Adderon shall not, without the Company&rsquo;s written consent, not to be unreasonably withheld, settle or compromise
any such claim or consent to the entry of any order or judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">(b)&#9;As
the sole and exclusive remedy and recourse for any DT Claim, Adderton and the Company agree that (i) the Indemnity Shares shall
not vest and shall remain subject to all repurchase rights in favor of the Company for one year after the Separation Date (or,
if longer, such additional period during which a DT Claim remains unresolved provided only that the Company shall have notified
of Adderton of the DT Claim prior to the one year anniversary of the Separation Date) (the &ldquo;<B><U>Extended Vesting Period</U></B>&rdquo;)
and (ii) the Company may repurchase for no consideration (i.e., cause the forfeiture of) such number of Indemnity Shares equal
to the number of shares of Company common stock (with appropriate adjustments reflecting the Company&rsquo;s reverse stock split
that occurred after the DT Sale) that the Company was required to vest, terminate repurchase rights on, or issue as a result of
a DT Claim; provided, if the Losses from a DT Claim do not result in a requirement to vest, terminate repurchase rights on, or
issue shares, then the Company still reserves the right to use the Indemnity Shares as security for the Losses, by cancelling a
number of such Indemnity Shares having a fair market value equal to the Losses from the DT Claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.13&#9;<U>Securities
Matters</U>. Adderton represents and warrants that he has no knowledge of any violations of the federal securities laws (including
whistleblower provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act) by the Company, he is aware of his obligations
under the Company&rsquo;s insider trading policy and will abide by the same in accordance with their terms, to the extent they
are applicable to former employees and is aware of and will satisfy his filing obligations under applicable securities law in connection
with transactions in the Company&rsquo;s stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.14&#9;<U>Conflict
Waiver</U>. Adderton agrees that Manatt, Phelps and Phillips, LLP&rsquo;s prior representation of him was completely unconnected
with the subject matter hereof and that nothing in such prior representation would prevent such firm from being adverse to Adderton
in connection with the enforcement of this Agreement and Adderton knowingly waives any such conflict that might exist.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.15&#9;<U>Publicity</U>.
The parties shall mutually agree upon the language of any public announcement regarding this Agreement and Adderton's separation;
provided, however, that Adderton agrees and acknowledges that no such agreement is required for any disclosures made by the Company
to the extent legally required in a filing with the Securities and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: 0.5in">3.16&#9;<U>Counterparts</U>.
This Agreement may be executed in one or more counterparts, each of which shall be an original, but all of which taken together
shall constitute one instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><B>PLEASE READ CAREFULLY.
THIS AGREEMENT CONTAINS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS. THE UNDERSIGNED AGREE TO THE TERMS OF THIS AGREEMENT AND VOLUNTARILY
ENTER INTO IT WITH THE INTENT TO BE BOUND THEREBY.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%">Dated:</TD>
    <TD STYLE="width: 40%">January 15, 2015</TD>
    <TD STYLE="width: 2%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid"><U STYLE="text-decoration: none">/s/
Peter Adderton</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>By:&nbsp;&nbsp;&nbsp;</TD>
    <TD>Peter A. Adderton</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Address:</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%">Dated:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 40%">January 15, 2015</TD>
    <TD STYLE="width: 2%">&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 48%; border-bottom: Black 1pt solid">/s/ Robert Deutschman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">By:&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="text-align: justify">Robert Deutschman</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">Chairman of the Board, Mandalay</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify"> Digital Group, Inc.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Exhibit A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[Attached: Lock-Up Agreement]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Schedule 2.3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">a. Common Stock: 1,812,500 shares (before giving effect to the
cancellation of the Offset Shares, as defined in the Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">b. Common Stock subject to warrants: 30,000 shares of common
stock issuable upon exercise of warrants at an exercise price of $1.95 per share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">c. Common Stock subject to options: 250,000 shares of common
stock exercisable upon exercise of stock options at an exercise price of $2.65 per share (after giving effect to the forfeiture
of the 250,000 stock options, as specified in Section 1.1 of the Agreement).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left">END OF SCHEDULE 2.3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="vertical-align: baseline"></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>



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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
